TTM
37.6%
YoY change
+1.35pp
Trough year (2010)
8.6%
Peak year (2025)
38.0%
Latest annual
38.0%
Operating Margin history chart for Zoetis (ZTS) from 2009 to 2025
Latest: 38.0%
Operating Margin change chart for Zoetis (ZTS) from 2009 to 2025
Latest: +1.35pp
Operating Margin history table for Zoetis (ZTS) from 2009 to 2025
| 2025 | 38.0% | +1.35pp | ||
| 2024 | 36.6% | +0.73pp | ||
| 2023 | 35.9% | -0.32pp | ||
| 2022 | 36.2% | +0.19pp | ||
| 2021 | 36.0% | +2.05pp | ||
| 2020 | 34.0% | +1.76pp | ||
| 2019 | 32.2% | -0.06pp | ||
| 2018 | 32.3% | -0.25pp | ||
| 2017 | 32.5% | +3.82pp | ||
| 2016 | 28.7% | +6.02pp | ||
| 2015 | 22.7% | +2.44pp | ||
| 2014 | 20.3% | +2.27pp | ||
| 2013 | 18.0% | -1.70pp | ||
| 2012 | 19.7% | +3.54pp | ||
| 2011 | 16.2% | +7.53pp | ||
| 2010 | 8.6% | -1.55pp | ||
| 2009 | 10.2% | — |
- 202538.0%+1.35pp
- 202436.6%+0.73pp
- 202335.9%-0.32pp
- 202236.2%+0.19pp
- 202136.0%+2.05pp
- 202034.0%+1.76pp
- 201932.2%-0.06pp
- 201832.3%-0.25pp
- 201732.5%+3.82pp
- 201628.7%+6.02pp
- 201522.7%+2.44pp
- 201420.3%+2.27pp
- 201318.0%-1.70pp
- 201219.7%+3.54pp
- 201116.2%+7.53pp
- 20108.6%-1.55pp
- 200910.2%—
Operating 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 Operating Margin at Zoetis (ZTS)
According to Zoetis's latest reported financial statements, the company's latest reported operating margin is 37.6%. Operating margin is operating income divided by revenue — the share of each sales dollar left after cost of goods sold and operating expenses (SG&A, R&D), but before interest and taxes. It isolates how profitable the core business is before financing and tax decisions, so it is comparable across companies with different capital structures.
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) operating margin is 38.00% – expanded 1.3 percentage points year-over-year.
2025 marks the peak operating margin at 38.00%, with the historical low of 8.63% recorded in 2010.
Zoetis Operating Margin by Year
Zoetis Operating Margin 2025: 38.0%
In 2025, Zoetis reported operating margin of 38.00%, expanded 1.3 percentage points from 2024. This figure represents the highest annual value in the available history.
Zoetis Operating Margin 2024: 36.6%
Zoetis operating margin in 2024 was 36.65%, expanded 0.7 percentage points from 2023.
Zoetis Operating Margin 2023: 35.9%
2023's operating margin for Zoetis came in at 35.92%, contracted 0.3 percentage points from 2022.
Zoetis Operating Margin 2022: 36.2%
Zoetis posted operating margin of 36.24% in 2022, expanded 0.2 percentage points from 2021.
Zoetis Operating Margin 2021: 36.0%
Zoetis operating margin in 2021 was 36.05%.
See more financial history for Zoetis (ZTS).
Sector peers by Operating Margin
Healthcare peers of Zoetis (ZTS), ranked by their latest operating margin
| 45.9% | |
| 45.3% | |
| 31.6% | |
| 27.6% | |
| 27.6% | |
| 26.4% | |
| 23.7% | |
| 4.2% |
- 45.9%
- 45.3%
- 31.6%
- 27.6%
- 27.6%
- 23.7%
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