Free Cash Flow for Zoetis (ZTS)
Free Cash Flow for Zoetis (ZTS): headline value $2.28B · YoY -0.7%. Annual and quarterly series, chart, and tables are below.
Headline figure above is from the reporting period ending (reported ). Chart and table below cover the full reported history back to .
ZTS
Currently viewingFree Cash FlowSwitch metric
Latest period
$2.28B
YoY change
-0.7%
5Y CAGR
+6.4%
Peak year (2024)
$2.30B
Latest annual
$2.28B
Free Cash Flow history chart for Zoetis (ZTS) from 2009 to 2025
Free Cash Flow history table for Zoetis (ZTS) from 2009 to 2025
| Fiscal year | Period ended | Reported | Free Cash Flow | YoY |
|---|---|---|---|---|
| 2025 | $2.28B | -0.7% | ||
| 2024 | $2.30B | +41.8% | ||
| 2023 | $1.62B | +22.2% | ||
| 2022 | $1.33B | -23.6% | ||
| 2021 | $1.74B | +3.8% | ||
| 2020 | $1.67B | +25.3% | ||
| 2019 | $1.33B | -8.1% | ||
| 2018 | $1.45B | +29.4% | ||
| 2017 | $1.12B | +125.8% | ||
| 2016 | $497.00M | +13.0% | ||
| 2015 | $440.00M | +2.1% | ||
| 2014 | $431.00M | -13.3% | ||
| 2013 | $497.00M | +51.5% | ||
| 2012 | $328.00M | -9.4% | ||
| 2011 | $362.00M | +178.5% | ||
| 2010 | $130.00M | -451.4% | ||
| 2009 | -$37.00M | — |
Free Cash Flow values are taken from Zoetis's reported cash flow statements (10-Q quarterly and 10-K annual filings with the U.S. Securities and Exchange Commission). Each row shows the period end date and the date the filing was reported; YoY compares each figure to the same period one year earlier. Amounts are in USD as filed.
Analysis
2025's annual free cash flow for Zoetis (ZTS) came in at $2.28B – edged down 0.7% year-over-year.
Through 2020–2025 (5 years), Zoetis free cash flow delivered a +6.4% annualised rate; with the latest reading among the more recent periods of the dataset.
Across the available history, free cash flow reached its high of $2.30B in 2024 and its low of -$37.00M in 2009.
Within Healthcare, Zoetis (ZTS) ranks 9th among 8 peers we track. The peer median for free cash flow is $14.22B.
Zoetis Free Cash Flow by Year
Zoetis Free Cash Flow 2025: $2.28B
Zoetis free cash flow in 2025 was $2.28B, edged down 0.7% below 2024.
Zoetis Free Cash Flow 2024: $2.30B
Zoetis free cash flow in 2024 was $2.30B, surged 41.8% from 2023. This figure represents the highest annual value in the available history.
Zoetis Free Cash Flow 2023: $1.62B
Zoetis free cash flow in 2023 was $1.62B, grew 22.2% from 2022.
Zoetis Free Cash Flow 2022: $1.33B
Zoetis free cash flow in 2022 was $1.33B, declined 23.6% below 2021.
Zoetis Free Cash Flow 2021: $1.74B
Zoetis free cash flow in 2021 was $1.74B.
See more financial history for Zoetis (ZTS).
Sector peers — Free Cash Flow
Companies in the same sector as Zoetis, ranked by their latest free cash flow.
| Company | Free Cash Flow | Sector |
|---|---|---|
| Novo Nordisk A/S (NVO) | $28.99B | Healthcare |
| Johnson & Johnson (JNJ) | $19.70B | Healthcare |
| AbbVie Inc. (ABBV) | $17.82B | Healthcare |
| UnitedHealth Group Incorporated (UNH) | $16.07B | Healthcare |
| Merck & Co., Inc. (MRK) | $12.36B | Healthcare |
| AstraZeneca PLC (AZN) | $11.77B | Healthcare |
| Eli Lilly and Company (LLY) | $8.97B | Healthcare |
| Amgen Inc. (AMGN) | $8.10B | Healthcare |
Frequently asked questions
What is Zoetis's free cash flow?
Latest reported free cash flow for Zoetis (ZTS) is $2.28B (period ending December 31, 2025).
How has Zoetis free cash flow changed year-over-year?
Zoetis (ZTS) free cash flow changed -0.7% year-over-year on the latest annual filing.
What is the long-term growth rate of Zoetis free cash flow?
Zoetis (ZTS) free cash flow compound annual growth rate is +6.4% over the most recent 5 years available.
When did Zoetis free cash flow hit its highest annual value?
Zoetis free cash flow reached its highest annual value of $2.30B in 2024.
What was Zoetis free cash flow in 2024?
Zoetis (ZTS) free cash flow in 2024 was $2.30B.
What was Zoetis free cash flow in 2025?
Zoetis (ZTS) free cash flow in 2025 was $2.28B.
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