TTM
22.5%
YoY change
−0.71pp
Trough year (2009)
-1.3%
Peak year (2020)
25.1%
Latest annual
24.1%
FCF Margin history chart for Zoetis (ZTS) from 2009 to 2025
Latest: 24.1%
FCF Margin change chart for Zoetis (ZTS) from 2009 to 2025
Latest: −0.71pp
FCF Margin history table for Zoetis (ZTS) from 2009 to 2025
| 2025 | 24.1% | -0.71pp | ||
| 2024 | 24.8% | +5.85pp | ||
| 2023 | 19.0% | +2.56pp | ||
| 2022 | 16.4% | -5.91pp | ||
| 2021 | 22.3% | -2.74pp | ||
| 2020 | 25.1% | +3.74pp | ||
| 2019 | 21.3% | -3.60pp | ||
| 2018 | 24.9% | +3.79pp | ||
| 2017 | 21.1% | +10.97pp | ||
| 2016 | 10.2% | +0.93pp | ||
| 2015 | 9.2% | +0.23pp | ||
| 2014 | 9.0% | -1.89pp | ||
| 2013 | 10.9% | +3.33pp | ||
| 2012 | 7.6% | -0.99pp | ||
| 2011 | 8.6% | +4.92pp | ||
| 2010 | 3.6% | +4.97pp | ||
| 2009 | -1.3% | — |
- 202524.1%-0.71pp
- 202424.8%+5.85pp
- 202319.0%+2.56pp
- 202216.4%-5.91pp
- 202122.3%-2.74pp
- 202025.1%+3.74pp
- 201921.3%-3.60pp
- 201824.9%+3.79pp
- 201721.1%+10.97pp
- 201610.2%+0.93pp
- 20159.2%+0.23pp
- 20149.0%-1.89pp
- 201310.9%+3.33pp
- 20127.6%-0.99pp
- 20118.6%+4.92pp
- 20103.6%+4.97pp
- 2009-1.3%—
FCF Margin values are taken from Zoetis's reported income statements (quarterly 10-Q and annual 10-K filings with the U.S. Securities and Exchange Commission). Each row shows the period end date and the filing date. YoY compares each figure to the same period one year earlier. Amounts are in USD as filed.
About FCF Margin at Zoetis (ZTS)
According to Zoetis's latest reported financial statements, the company's latest reported free cash flow margin is 22.5%. Free cash flow margin is free cash flow divided by revenue — the share of each sales dollar that converts into cash after capital expenditures. Because free cash flow cannot be inflated by non-cash accounting, FCF margin is a clean read on how efficiently a business turns revenue into deployable cash.
Headline figure above is from the reporting period ending (reported ). Chart and table below cover the full reported history back to .
The 2025 reading of Zoetis (ZTS) free cash flow margin is 24.12% – contracted 0.7 percentage points year-over-year.
The record annual free cash flow margin stands at 25.06%, reached in 2020; the historical low of -1.34% was recorded in 2009.
Zoetis FCF Margin by Year
Zoetis FCF Margin 2025: 24.1%
In 2025, Zoetis reported free cash flow margin of 24.12%, contracted 0.7 percentage points from 2024.
Zoetis FCF Margin 2024: 24.8%
Zoetis free cash flow margin in 2024 was 24.83%, expanded 5.9 percentage points from 2023.
Zoetis FCF Margin 2023: 19.0%
2023's free cash flow margin for Zoetis came in at 18.97%, expanded 2.6 percentage points from 2022.
Zoetis FCF Margin 2022: 16.4%
Zoetis posted free cash flow margin of 16.41% in 2022, contracted 5.9 percentage points from 2021.
Zoetis FCF Margin 2021: 22.3%
Zoetis free cash flow margin in 2021 was 22.33%.
See more financial history for Zoetis (ZTS).
Sector peers by FCF Margin
Healthcare peers of Zoetis (ZTS), ranked by their latest free cash flow margin
| 33.2% | |
| 23.1% | |
| 21.5% | |
| 18.8% | |
| 18.4% | |
| 15.1% | |
| 9.4% | |
| 4.4% |
- 33.2%
- 23.1%
- 21.5%
- 18.8%
- 15.1%
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