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Zoetis (ZTS)
NYSE:ZTS
US Market

Zoetis (ZTS) Ratios

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Zoetis Ratios

ZTS's free cash flow for Q3 2025 was $0.72. For the 2025 fiscal year, ZTS's free cash flow was decreased by $ and operating cash flow was $0.39. See a summary of the company’s cash flow.
Ratios
TTM
Dec 24Dec 23Dec 22Dec 21
Liquidity Ratios
Current Ratio
3.64 1.75 3.36 2.37 3.86
Quick Ratio
2.28 1.08 2.00 1.63 2.79
Cash Ratio
1.15 0.58 1.08 1.13 1.94
Solvency Ratio
0.32 0.32 0.31 0.25 0.27
Operating Cash Flow Ratio
1.61 0.87 1.25 0.60 1.23
Short-Term Operating Cash Flow Coverage
0.00 2.19 784.33 1.41 0.00
Net Current Asset Value
$ -3.18B$ -3.48B$ -2.95B$ -3.02B$ -2.43B
Leverage Ratios
Debt-to-Assets Ratio
0.48 0.47 0.47 0.54 0.49
Debt-to-Equity Ratio
1.35 1.41 1.35 1.84 1.48
Debt-to-Capital Ratio
0.57 0.59 0.57 0.65 0.60
Long-Term Debt-to-Capital Ratio
0.57 0.52 0.57 0.60 0.59
Financial Leverage Ratio
2.81 2.98 2.86 3.39 3.06
Debt Service Coverage Ratio
14.59 2.03 12.76 1.79 12.13
Interest Coverage Ratio
15.31 14.02 12.84 13.07 12.30
Debt to Market Cap
0.13 0.09 0.07 0.12 0.06
Interest Debt Per Share
16.94 15.38 15.17 17.72 14.69
Net Debt to EBITDA
1.28 1.23 1.28 1.34 1.03
Profitability Margins
Gross Profit Margin
70.63%69.10%68.28%69.63%70.38%
EBIT Margin
37.91%36.46%37.38%35.61%34.88%
EBITDA Margin
43.11%41.83%43.13%41.56%40.79%
Operating Profit Margin
37.63%36.65%35.92%35.74%35.43%
Pretax Profit Margin
35.45%33.85%34.36%32.87%32.00%
Net Profit Margin
28.21%26.86%27.43%26.16%26.20%
Continuous Operations Profit Margin
28.21%26.97%27.39%26.13%26.16%
Net Income Per EBT
79.59%79.35%79.84%79.59%81.87%
EBT Per EBIT
94.20%92.36%95.67%91.97%90.31%
Return on Assets (ROA)
17.49%17.46%16.41%14.16%14.65%
Return on Equity (ROE)
53.56%52.12%46.91%47.99%44.84%
Return on Capital Employed (ROCE)
26.48%31.33%24.76%24.56%22.76%
Return on Invested Capital (ROIC)
21.08%22.20%19.73%17.51%18.61%
Return on Tangible Assets
23.35%23.94%23.01%19.58%20.91%
Earnings Yield
4.80%3.36%2.58%3.08%1.76%
Efficiency Ratios
Receivables Turnover
6.10 7.03 6.55 6.65 6.86
Payables Turnover
6.73 6.61 6.59 6.06 5.28
Inventory Turnover
1.12 1.24 1.06 1.05 1.20
Fixed Asset Turnover
2.41 2.56 2.49 2.72 2.99
Asset Turnover
0.62 0.65 0.60 0.54 0.56
Working Capital Turnover Ratio
2.56 2.63 1.94 1.71 1.62
Cash Conversion Cycle
331.62 290.93 345.69 343.43 288.86
Days of Sales Outstanding
59.86 51.89 55.71 54.89 53.18
Days of Inventory Outstanding
325.99 294.30 345.34 348.79 304.77
Days of Payables Outstanding
54.22 55.26 55.36 60.24 69.10
Operating Cycle
385.84 346.19 401.04 403.67 357.96
Cash Flow Ratios
Operating Cash Flow Per Share
6.58 6.50 5.10 4.08 4.67
Free Cash Flow Per Share
5.06 5.06 3.51 2.83 3.66
CapEx Per Share
1.53 1.44 1.59 1.25 1.01
Free Cash Flow to Operating Cash Flow
0.77 0.78 0.69 0.69 0.78
Dividend Paid and CapEx Coverage Ratio
1.89 2.05 1.65 1.60 2.33
Capital Expenditure Coverage Ratio
4.31 4.51 3.21 3.26 4.64
Operating Cash Flow Coverage Ratio
0.40 0.44 0.35 0.24 0.33
Operating Cash Flow to Sales Ratio
0.31 0.32 0.28 0.24 0.28
Free Cash Flow Yield
4.07%3.11%1.78%1.93%1.50%
Valuation Ratios
Price-to-Earnings (P/E) Ratio
20.85 29.77 38.83 32.51 56.83
Price-to-Sales (P/S) Ratio
5.85 8.00 10.65 8.50 14.89
Price-to-Book (P/B) Ratio
10.24 15.51 18.22 15.60 25.48
Price-to-Free Cash Flow (P/FCF) Ratio
24.56 32.20 56.15 51.82 66.68
Price-to-Operating Cash Flow Ratio
18.96 25.06 38.68 35.94 52.31
Price-to-Earnings Growth (PEG) Ratio
10.11 3.88 3.07 6.34 2.30
Price-to-Fair Value
10.24 15.51 18.22 15.60 25.48
Enterprise Value Multiple
14.86 20.34 25.98 21.81 37.52
Enterprise Value
60.20B 78.76B 95.74B 73.23B 119.02B
EV to EBITDA
14.86 20.34 25.98 21.81 37.52
EV to Sales
6.41 8.51 11.21 9.06 15.31
EV to Free Cash Flow
26.87 34.27 59.06 55.23 68.56
EV to Operating Cash Flow
20.64 26.67 40.69 38.30 53.78
Tangible Book Value Per Share
3.60 2.02 1.94 0.59 0.82
Shareholders’ Equity Per Share
12.19 10.50 10.84 9.39 9.58
Tax and Other Ratios
Effective Tax Rate
0.20 0.20 0.20 0.21 0.18
Revenue Per Share
21.22 20.38 18.53 17.23 16.39
Net Income Per Share
5.99 5.47 5.08 4.51 4.29
Tax Burden
0.80 0.79 0.80 0.80 0.82
Interest Burden
0.94 0.93 0.92 0.92 0.92
Research & Development to Revenue
0.07 0.07 0.07 0.07 0.07
SG&A to Revenue
0.00 0.22 0.22 0.21 0.22
Stock-Based Compensation to Revenue
<0.01 <0.01 <0.01 <0.01 <0.01
Income Quality
1.10 1.18 1.00 0.91 1.09
Currency in USD