How Zoetis (ZTS) Makes Money: A Visual Guide
Zoetis (ZTS) generated $9.47B in revenue (TTM through Q4 2025), earning $2.67B in net profit (28.2% margin). Its largest revenue source is Horses (45.7% of revenue). Below is an interactive breakdown of how revenue flows through the income statement.
Zoetis (ZTS) Income Statement Flow
Frequently asked questions
How does Zoetis (ZTS) make money?
- Zoetis (ZTS) primarily makes money through Horses, which accounts for 45.7% of total revenue. For TTM through Q4 2025, Zoetis generated $9.47B in total revenue with a net profit margin of 28.2%.
What is Zoetis (ZTS) gross profit margin?
- Zoetis (ZTS) reported a gross profit margin of 70.5% for TTM through Q4 2025, equivalent to $6.67B in gross profit. This means Zoetis retains 70.5% of each revenue unit after direct costs of production.
What is Zoetis (ZTS) operating profit margin?
- Zoetis (ZTS) reported an operating profit margin of 38% for TTM through Q4 2025, equivalent to $3.60B in operating profit. This reflects profitability after operating expenses such as R&D, sales, and administration, but before taxes and non-operating items.
What is Zoetis (ZTS) net profit margin?
- Zoetis (ZTS) reported a net profit margin of 28.2% for TTM through Q4 2025, equivalent to $2.67B in net profit. This is the share of revenue that remains as profit after all expenses, taxes, and non-operating items.
How much does Zoetis (ZTS) invest in R&D?
- Zoetis (ZTS) invested $698.00M in research and development in TTM through Q4 2025 (7.4% of total revenue). R&D spending reflects investment in future products, services, and technologies.
How much does Zoetis (ZTS) spend on capital expenditures?
- Zoetis (ZTS) spent $621.00M on capital expenditures in TTM through Q4 2025 (6.6% of total revenue). Capital expenditures represent investments in physical assets such as property, equipment, and infrastructure.
What is Zoetis (ZTS) free cash flow?
- Zoetis (ZTS) generated $2.28B in free cash flow for TTM through Q4 2025 (24.1% of total revenue). Free cash flow is the cash remaining after capital expenditures and represents the company's ability to fund growth, pay dividends, or reduce debt.
What is Zoetis (ZTS) effective tax rate?
- Zoetis (ZTS) had an effective tax rate of 20.4% for TTM through Q4 2025. This is the actual percentage of pre-tax income paid as income taxes.
About this data
- What is a Sankey diagram?
- A Sankey diagram shows how money flows through a company from revenue to net profit. The width of each flow represents its proportion.
- How is the data calculated?
- We use the income statement from company filings. For TTM (Trailing Twelve Months), we sum the last four quarters. Revenue flows to cost of revenue and gross profit, then to operating expenses (R&D, S&M, G&A) and operating profit.
- When was this data last updated?
- Based on company filings through TTM through Q4 2025.