ZTS on NYSE

Zoetis

Logo: Zoetis, Inc., Public domain, via Wikimedia Commons5

American animal health company

Zoetis Inc. (/zō-EH-tis/), headquartered in Parsippany, New Jersey, is the largest producer of medicine and vaccinations for pets and livestock worldwide.3 From Wikipedia, CC BY-SA 4.0

$79.28 up 0.86 (1.10%)Price as of Oct 16, 2026 at 19:58 UTC

Last updated Oct 18, 2026.

Overview

1952Founded1

Compare with Bausch Health, Vertex Pharmaceuticals or Viatris, or pick any stock.

  • TickerZTS on NYSE1
  • Industrypharmaceutical industry1
  • HeadquartersFlorham Park1
  • Websitewww.zoetis.com
  • Legal formDelaware corporation1
  • Business address10 Sylvan Way, Parsippany, Nj 070546
  • Filer categoryLarge accelerated filer6

Zoetis Inc. (/zō-EH-tis/), headquartered in Parsippany, New Jersey, is the largest producer of medicine and vaccinations for pets and livestock worldwide. The company's products include antiparasitics, vaccines, products that relieve itch, anti-infectives, products that alleviate pain, animal health diagnostics, as well as hormones, cardiopulmonary, topical and oral hygiene therapeutics, central nervous system drugs, diuretics, antiemetic, euthanasia, and hepato-digestive products. The company has operations in over 50 countries.3

Financials

From the company’s reports to the SEC. Every number links to the filing it came from.

Key numbers, fiscal 2025

28.2%Net margin8
2.3%Revenue growth, 20258
80.2%Return on equity8
2.71×Debt to equity8
$2.3BFree cash flow8

What sells

Revenue by product, business segment and region, as the company reports it to the SEC.

Products and services

Dermatology brought in 22% of the revenue Zoetis broke down this way in fiscal 2025.

  1. Dermatology$1.8B822%up 6% from 2024
  2. Cattle$1.5B818%down 3% from 2024
  3. Anti-infective Products$1.0B813%down 6% from 2024
  4. Pain & Sedation$840.0M810%down 1% from 2024
  5. Other Pharmaceuticals$697.0M89%up 6% from 2024
  6. Swine$466.0M86%down 10% from 2024
  7. Animal Health Diagnostics$434.0M85%up 12% from 2024
  8. Poultry$432.0M85%down 18% from 2024
  9. Dogs and Cats$304.0M84%up 7% from 2024
  10. Fish$286.0M84%up 18% from 2024
  11. Other Non Pharmaceuticals$263.0M83%up 4% from 2024
  12. Contract Manufacturing and Human Health Diagnostics$116.0M81%up 45% from 2024
Products and services by year
Products and services202320242025
Dermatology$1.4B$1.7B$1.8B
Cattle$1.5B$1.5B$1.5B
Anti-infective Products$1.1B$1.1B$1.0B
Pain & Sedation$602.0M$851.0M$840.0M
Other Pharmaceuticals$678.0M$658.0M$697.0M
Swine$543.0M$516.0M$466.0M
Animal Health Diagnostics$376.0M$386.0M$434.0M
Poultry$524.0M$527.0M$432.0M
Dogs and Cats$285.0M$285.0M$304.0M
Fish$220.0M$242.0M$286.0M
Other Non Pharmaceuticals$254.0M$253.0M$263.0M
Contract Manufacturing and Human Health Diagnostics$78.0M$80.0M$116.0M

Business segments

United States brought in 55% of the revenue Zoetis broke down this way in fiscal 2025.

  1. United States$5.1B855%up 0% from 2024
  2. International$4.3B845%up 4% from 2024
Business segments by year
Business segments202320242025
United States$4.6B$5.1B$5.1B
International$3.9B$4.1B$4.3B

Regions

Total Geographical Area brought in 54% of the revenue Zoetis broke down this way in fiscal 2025.

  1. Total Geographical Area$9.4B854%up 2% from 2024
  2. United States$5.1B830%up 0% from 2024
  3. Other Developed Markets$641.0M84%up 14% from 2024
  4. Brazil$393.0M82%down 5% from 2024
  5. Australia$329.0M82%up 3% from 2024
  6. Canada$290.0M82%up 5% from 2024
  7. Germany$236.0M81%up 5% from 2024
  8. China$227.0M81%down 16% from 2024
  9. France$165.0M81%up 6% from 2024
  10. Mexico$160.0M81%down 5% from 2024
  11. Japan$154.0M81%up 5% from 2024
  12. Spain$145.0M81%up 12% from 2024
Regions by year
Regions202320242025
Total Geographical Area$8.5B$9.2B$9.4B
United States$4.6B$5.1B$5.1B
Other Developed Markets$512.0M$564.0M$641.0M
Brazil$393.0M$414.0M$393.0M
Australia$323.0M$319.0M$329.0M
Canada$255.0M$277.0M$290.0M
Germany$202.0M$225.0M$236.0M
China$320.0M$270.0M$227.0M
France$142.0M$156.0M$165.0M
Mexico$162.0M$169.0M$160.0M
Japan$158.0M$147.0M$154.0M
Spain$122.0M$130.0M$145.0M

Where the money goes

Where each dollar of revenue went, fiscal 2025

  • Cost of revenue28¢$2.7B
  • Selling, general and admin25¢$2.4B
  • Other costs9¢$841.0M
  • Interest2¢$222.0M
  • Income tax7¢$687.0M
  • Profit28¢$2.7B

Out of $9.5B in revenue.8

Where each dollar of operating cash went, fiscal 2025

  • Capital spending16¢$621.0M
  • Share buybacks84¢$3.2B

Out of $2.9B of cash from operations. Spending exceeded cash from operations; the rest came from savings or borrowing.8

Financial statements

Revenue91011128$9.5B in 2025+51% since 2019
0$2.5B$5.0B$7.5B$10.0B2019: $6.3B$6.3B20192020: $6.7B$6.7B2020+7%2021: $7.8B$7.8B2021+16%2022: $8.1B$8.1B2022+4%2023: $8.5B$8.5B2023+6%2024: $9.3B$9.3B2024+8%2025: $9.5B$9.5B2025+2%
Net income91011128$2.7B in 2025+78% since 2019
0$1.0B$2.0B$3.0B2019: $1.5B$1.5B20192020: $1.6B$1.6B2020+9%2021: $2.0B$2.0B2021+24%2022: $2.1B$2.1B2022+4%2023: $2.3B$2.3B2023+11%2024: $2.5B$2.5B2024+6%2025: $2.7B$2.7B2025+8%

Every line of the income statement as filed: the last 3 fiscal years, latest first.8

Period ending2025-12-312024-12-312023-12-31
Revenues$9.5B$9.3B$8.5B
Cost of Sales$2.7B$2.7B$2.6B
Selling, general and administrative expenses$2.4B$2.3B$2.2B
Research and development expenses$698.0M$686.0M$614.0M
Amortization of intangible assets$128.0M$141.0M$149.0M
Restructuring charges and certain acquisition and divestiture-related costs$51.0M$53.0M$53.0M
Interest expense, net of capitalized interest$222.0M$225.0M$239.0M
Other (income)/deductionsnet-$36.0M-$19.0M-$159.0M
Income before provision for taxes on income$3.4B$3.1B$2.9B
Provision for taxes on income$687.0M$637.0M$596.0M
Net income before allocation to noncontrolling interests$2.7B$2.5B$2.3B
Less: Net income/(loss) attributable to noncontrolling interests$0$10.0M-$4.0M
Net income attributable to Zoetis Inc.$2.7B$2.5B$2.3B
Basic (in dollars per share)$6.03$5.47$5.08
Diluted (in dollars per share)$6.02$5.47$5.07
Basic (in shares)443.4M shares454.2M shares461.2M shares
Diluted (in shares)443.8M shares454.8M shares462.3M shares
Dividends declared per common share$2.03$1.80$1.56

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The story

1950s to 2000s

In the 1950s, Pfizer began research on several drugs, including oxytetracycline, which was found to be effective in livestock.

In 1952, the Pfizer Agriculture Division opened a 732-acre research and development facility in Terre Haute, Indiana, called Vigo.

In 1988, the division was renamed Pfizer Animal Health.

In 1995, Pfizer acquired Norden Laboratories from GlaxoSmithKline for $1.45 billion, expanding its animal health division into small animal care, including pets.

Secondary research and development centres were opened in Kalamazoo, Michigan, in 2003.

In April 2003, Pfizer acquired Pharmacia Corporation for $60 billion in stock. Pfizer absorbed its animal health assets, which included the legacy operations of The Upjohn Company, into Pfizer Animal Health.

In December 2006, Pfizer Animal Health acquired Embrex, which provides inoculations for poultry against various diseases, for $155 million.

In March 2008, Pfizer Animal Health acquired Catapult Genetics, a developer of livestock DNA tests and gene markers, and Bovigen, which markets DNA technology.

Read the full text

In April 2008, Pfizer Animal Health acquired vaccine products from Schering-Plough.

In June 2009, Pfizer Animal Health acquired Vetnex Animal Health from ICICI Bank.

In October 2009, Pfizer acquired Wyeth, including its subsidiary Fort Dodge Animal Health, which was added to Pfizer Animal Health. Some assets were sold to Boehringer Ingelheim to gain regulatory approval for the transaction.

In May 2010, Pfizer Animal Health acquired Microtek, a developer of aquaculture vaccines.

2010s-present

In January 2011, Pfizer Animal Health acquired Synbiotics, a developer of immunodiagnostic tests for companion and food production animals, for $20 million.

In February 2011, Pfizer acquired King Pharmaceuticals; its Alpharma subsidiary was integrated into Pfizer Animal Health.

In June 2012, Pfizer Animal Health was renamed Zoetis.

In February 2013, Zoetis became a public company via an initial public offering, raising $2.2 billion. Most of the money raised through the IPO was used to pay off existing Pfizer debt. In June 2013, Pfizer divested itself of its remaining shares in Zoetis.

In February 2015, the company acquired a portfolio of pet drugs from Abbott Laboratories for approximately $255 million.

In July 2015, the company acquired KL Automation, a robotics company specializing in automation technology for poultry hatchery.

In November 2015, the company announced it would acquire Pharmaq, a developer of aquaculture treatments and diseases, for $765 million.

In August 2016, the company acquired Scandinavian Micro Biodevices for $80 million.

In April 2017, Zoetis acquired Ireland-based Nexvet, a company with a biologics focused technology and product candidate pipeline.

In July 2018, the company acquired Abaxis for $1.9 billion in cash.

In June 2022, Zoetis acquired Basepaws, a privately held genetics company.

In August 2022, the company acquired Newmetrica, a Scottish company that develops digital tools designed to measure health-related quality of life.

In September 2022, Zoetis acquired Jurox, which develops 150 medicines including Alfaxan.

In August 2023, the company opened a 1.4 million square foot facility on 145 acres in Lincoln, Nebraska.

In September 2023, Zoetis acquired Petmedix, a privately held Cambridge, UK-based company, to bring the benefits of species-specific antibody therapies to pet owners.

In December 2023, Zoetis acquired adivo, a German manufacturer of antibodies for pet medicine.

In October 2024, the company sold its medicated feed additive product portfolio and certain water-soluble products to Phibro Animal Health.

In February 2025, the United States Department of Agriculture granted Zoetis conditional approval to deploy its bird flu vaccine in poultry, after a bird flu outbreak had infected nearly 70 people in the USA, resulting in one death, with most cases occurring among farm workers exposed to infected poultry or cattle. In January 2025, the USDA announced plans to replenish its bird flu vaccine stockpile for poultry, aligning with the strain affecting commercial and wild bird populations, similar to efforts following major outbreaks in 2014 and 2015.

In November 2025, the company acquired Veterinary Pathology Group.

In March 2026, the company agreed to acquired the genomics business of Neogen.

In July 2026, the company agreed to acquire VitalRADS, a veterinary teleradiology platform.

From Wikipedia’s article on Zoetis, shared under CC BY-SA 4.0.7

Leadership

Who has led Zoetis, and when. Pick a name to see everywhere that person has worked.

Board members and other officers (47)

Products and brands

Zoetis' manufacturing network, includes 28 sites in 11 countries. Each facility is designed to meet chemical and infectious agent safety regulatory requirements. Many R&D operations are co-located with manufacturing sites, a collaboration that allows bringing new products to market faster.

Zoetis products include:

From Wikipedia’s article on Zoetis, shared under CC BY-SA 4.0.7

Subsidiaries and ownership

Subsidiaries

From Wikidata.1

Timeline

  1. Jan 14, 2020New chief executive Kristin C. Peck becomes CEO16
  2. Feb 1, 2013Went public Listed on NYSE1
  3. Jan 31, 2013New chief executive Juan Ramon Alaix becomes CEO17
  4. 1952Founded Founded1

Filings

740 filings to the SEC since October 2021: 5 annual reports, 15 quarterly reports, 67 major events, 570 insider forms, 11 large holders, 72 other. The latest 20:

  1. Oct 13, 20264 EDGAR
  2. Oct 13, 20264 EDGAR
  3. Oct 13, 20264 EDGAR
  4. Oct 13, 20264 EDGAR
  5. Oct 13, 20264 EDGAR
  6. Oct 13, 20264 EDGAR
  7. Oct 13, 20264 EDGAR
  8. Oct 13, 20264 EDGAR
  9. Oct 13, 20268-K EDGAR
  10. Oct 8, 20268-K EDGAR
  11. Oct 2, 20264 EDGAR
  12. Sep 18, 20264 EDGAR
  13. Sep 2, 20264 EDGAR
  14. Aug 24, 20263 EDGAR
  15. Aug 11, 20264 EDGAR
  16. Aug 6, 202610-Q EDGAR
  17. Aug 6, 20268-K EDGAR
  18. Aug 6, 20268-K EDGAR
  19. Jul 30, 2026SCHEDULE 13G/A EDGAR
  20. Jul 14, 20264 EDGAR

The 740 filings since October 2021 can be filtered by form type and year here when JavaScript is on.

Every filing from the last three years, summarized. The full record is on SEC EDGAR.

Insider trades and holders

Large holders

Investors who own more than 5% must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively. 11 such filings since October 2021, the latest 10:

  1. Jul 30, 2026SCHEDULE 13G/A
  2. Apr 30, 2026SCHEDULE 13G
  3. Apr 29, 2026SCHEDULE 13G
  4. Mar 27, 2026SCHEDULE 13G/A
  5. Jan 7, 2026SCHEDULE 13G/A
  6. Feb 13, 2024SC 13G/A
  7. Jan 26, 2024SC 13G/A
  8. Feb 9, 2023SC 13G/A
  9. Feb 6, 2023SC 13G/A
  10. Feb 10, 2022SC 13G/A

From Forms 4 and Schedules 13D and 13G filed with the SEC.

Held by these funds

The largest holders among investment managers' 13F reports for the quarter ending Jun 30, 2026, the top 25 of 100. Change is in shares since the quarter before.

FundSharesValueShare of the fundChange
BlackRock, Inc.39,430,181$2.8B0.0%+3,845,869
Vanguard Capital Management LLC26,027,984$1.9B0.0%−44,862
Vanguard Portfolio Management LLC23,860,445$1.7B0.1%−106,955
State Street Corp19,667,723$1.4B0.0%+343,322
State Farm Mutual Automobile Insurance Co15,892,903$1.1B0.8%No change
Geode Capital Management, LLC13,289,622$951.8M0.1%+1,940,374
Wellington Management Group Llp9,423,895$677.2M0.1%−726,201
Morgan Stanley8,878,849$638.0M0.0%−5,266,886
Nordea Investment Management Ab6,592,578$471.7M0.4%+727,467
Deutsche Bank Ag\5,851,737$420.5M0.1%+319,709
Northern Trust Corp5,542,234$398.3M0.0%−3,823
Invesco Ltd.5,523,018$396.9M0.0%+1,982,050
FIL Ltd5,381,783$386.7M0.3%−105,351
Norges Bank4,689,847$337.0M0.0%New
Van Eck Associates Corp4,252,140$305.6M0.2%+303,395
Flossbach Von Storch Se4,210,978$302.6M1.4%New
Charles Schwab Investment Management Inc4,003,981$287.7M0.0%+286,734
Amundi3,988,618$286.6M0.1%+822,257
UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC3,924,988$282.0M0.1%−473,363
Bank Of America Corp /de/3,924,926$282.0M0.0%−906,726
UBS Group AG3,643,241$261.8M0.0%+843,698
Legal & General Group Plc3,567,388$256.4M0.1%−83,365
Diamond Hill Capital Management, LLC (Investment Advisor)3,557,436$255.6M2.0%+629,974
Bank of New York Mellon Corp3,322,319$238.7M0.0%−577,401
Goldman Sachs Group Inc3,199,799$229.9M0.0%−530,986

13F reports cover disclosed long positions in U.S. stocks only.

Members of Congress who traded it

67 trades disclosed by members of Congress, the latest 25. “Vs S&P since” is the stock’s change since the trade minus the S&P 500’s.

DateMemberTradeAmountVs S&P sinceFiling
Sep 18, 2026Gilbert Ray Cisneros, Jr.Democratic, HouseBuy$1,001 - $15,000+9.2%Report
Jul 17, 2026Gilbert Ray Cisneros, Jr.Democratic, HousePartial sale$1,001 - $15,000+0.8%Report
Jun 16, 2026Gilbert Ray Cisneros, Jr.Democratic, HouseBuy$1,001 - $15,000−3.4%Report
Jun 9, 2026Byron DonaldsRepublican, HouseBuy$1,001 - $15,000−8.7%Report
Jun 9, 2026Byron DonaldsRepublican, HouseBuy$1,001 - $15,000−8.7%Report
Apr 14, 2026Gilbert Ray Cisneros, Jr.Democratic, HousePartial sale$1,001 - $15,000+46.0%Report
Mar 13, 2026Gilbert Ray Cisneros, Jr.Democratic, HousePartial sale$1,001 - $15,000+48.3%Report
Feb 10, 2026Gilbert Ray Cisneros, Jr.Democratic, HouseBuy$1,001 - $15,000−49.9%Report
Dec 19, 2025Gilbert Ray Cisneros, Jr.Democratic, HouseBuy$1,001 - $15,000−48.8%Report
Nov 18, 2025Gilbert Ray Cisneros, Jr.Democratic, HouseBuy$1,001 - $15,000−50.1%Report
Nov 10, 2025Markwayne Mullin, SenateSale$15,001 - $50,000+47.4%Report
Oct 6, 2025Rick LarsenDemocratic, HouseSale$1,001 - $15,000+60.6%Report
Aug 5, 2025Gilbert Ray Cisneros, Jr.Democratic, HousePartial sale$1,001 - $15,000+68.9%Report
Aug 4, 2025Lisa C. McClainRepublican, HouseSale$1,001 - $15,000+70.3%Report
Jul 22, 2025Lisa C. McClainRepublican, HouseBuy$1,001 - $15,000−70.5%Report
May 15, 2025Robert P. Bresnahan, Jr.Republican, HouseBuy$1,001 - $15,000−81.5%Report
May 13, 2025Markwayne Mullin, SenateBuy$50,001 - $100,000−82.3%Report
May 12, 2025Jefferson ShreveRepublican, HouseSale$15,001 - $50,000+83.7%Report
Apr 17, 2025Jefferson ShreveRepublican, HousePartial sale$15,001 - $50,000+93.5%Report
Apr 8, 2025Markwayne Mullin, SenateSale$15,001 - $50,000+100.8%Report
Apr 8, 2025Robert P. Bresnahan, Jr.Republican, HouseSale$1,001 - $15,000+100.8%Report
Apr 7, 2025Jefferson ShreveRepublican, HouseBuy$15,001 - $50,000−100.1%Report
Apr 1, 2025Julie JohnsonDemocratic, HouseSale$1,001 - $15,000+88.8%Report
Mar 5, 2025Jefferson ShreveRepublican, HouseBuy$15,001 - $50,000−85.1%Report
Mar 3, 2025Julie JohnsonDemocratic, HouseSale$1,001 - $15,000+85.9%Report

Members report amounts as ranges, not exact figures. Returns are price-only (no dividends).

Sources

The numbers on this page point here. Each one links to the record it came from.

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