Zoetis Inc.

ZTS 10-Q · Q2 2025

ZTS Q2 2025 request

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Income Statement

Income Statement
Metric Q2 2025 Q2 2024 YoY
Revenue 2,460 2,361 +4.2%
Show Product Lines breakouts
Animal health diagnostics 110 103 +6.8%
Anti-infectives 219 264 -17.0%
Cattle 320 350 -8.6%
Companion Animal [Member] 1,788 1,649 +8.4%
Companion Animal [Member] · International 612 569 +7.6%
Companion Animal [Member] · U.S. 1,176 1,080 +8.9%
Contract manufacturing & human health 34 18 +88.9%
Dermatology 463 418 +10.8%
Dogs and Cats 1,716 1,581 +8.5%
Fish 74 62 +19.4%
Horses 72 68 +5.9%
Livestock [Member] 638 694 -8.1%
Livestock [Member] · International 458 466 -1.7%
Livestock [Member] · U.S. 180 228 -21.1%
Manufactured Product Other 22 20 +10.0%
Medicated Feed Additives 5 74 -93.2%
Other Non Pharmaceuticals [Member] 63 65 -3.1%
Other pharmaceutical 172 153 +12.4%
Pain and sedation 217 221 -1.8%
Parasiticides 673 600 +12.2%
Poultry 103 132 -22.0%
Swine [Member] 119 130 -8.5%
Total products and services 2,426 2,343 +3.5%
Vaccines 504 445 +13.3%
Show Business Segments breakouts
International · Operating Segments 241 237 +1.7%
International · Operating Segments 1,070 1,035 +3.4%
U.S. · Operating Segments 1,356 1,308 +3.7%
Show Geography breakouts
AU 83 83 0.0%
BR 93 99 -6.1%
CA 73 75 -2.7%
CL 36 31 +16.1%
CN 72 68 +5.9%
DE 58 58 0.0%
ES 37 33 +12.1%
FR 33 34 -2.9%
GB 77 73 +5.5%
IT 38 36 +5.6%
JP 45 39 +15.4%
MX 38 46 -17.4%
Other developed markets 162 138 +17.4%
Other emerging markets 225 222 +1.4%
Total geographical area 2,426 2,343 +3.5%
US 1,356 1,308 +3.7%
Cost of Revenue 649 668 -2.8%
Show Business Segments breakouts
International · Operating Segments 314 342 -8.2%
U.S. · Operating Segments 208 232 -10.3%
Selling, General & Administrative 617 581 +6.2%
Research And Development Expense Excluding Acquired In Process Cost 172 171 +0.6%
Amortization Of Intangible Assets Not Associated With Single Function 33 35 -5.7%
Restructuring Charges And Acquisition And Divestiture Related Costs 30 42 -28.6%
Interest Expense 53 59 -10.2%
Non-Operating Income (Expense) 4 25 -84.0%
Income Before Taxes 902 780 +15.6%
Show Business Segments breakouts
All Other Segments -134 -142 +5.6%
International · Operating Segments 583 518 +12.5%
U.S. · Operating Segments 930 872 +6.7%
Show Consolidation Items breakouts
Corporate Non Segment -321 -299 -7.4%
Operating Segments 1,513 1,390 +8.8%
Income Tax Expense (Benefit) 184 156 +17.9%
Net Income 718 624 +15.1%
Show Equity Components breakouts
Retained Earnings 718 624 +15.1%
Net Income 718 624 +15.1%
EPS (Basic) 1.61 1.37 +17.5%
EPS (Diluted) 1.61 1.37 +17.5%
Wtd Avg Shares (Basic) 445.1 455.5 -2.3%
Wtd Avg Shares (Diluted) 445.5 456 -2.3%
Common Stock Dividends Per Share Declared 0.5 0.43 +15.7%
Gross Profit (Q)
Show Business Segments breakouts
International · Operating Segments 756 693 +9.1%
U.S. · Operating Segments 1,148 1,076 +6.7%
Operating Expenses (Q)
Show Business Segments breakouts
International · Operating Segments 173 175 -1.1%
U.S. · Operating Segments 218 204 +6.9%
Other Non-Operating Income (Expense) 1 -2 +150.0%
Comprehensive Income 858 620 +38.4%
Foreign Currency Transaction Gain Loss Before Tax 14 18 -22.2%

Balance Sheet

Balance Sheet
Metric Q2 2025 Q2 2024 YoY
Current Assets
Cash & Cash Equivalents 1,435 1,574 -8.8%
Accounts Receivable 1,540 1,383 +11.4%
Inventory 2,439 2,452 -0.5%
Other Assets Current 509 467 +9.0%
Total Current Assets 5,923 6,202 -4.5%
Non-Current Assets
Property, Plant & Equipment 3,537 3,200 +10.5%
Operating Lease Right-of-Use Assets 302 222 +36.0%
Goodwill 2,758 2,739 +0.7%
Show Geography breakouts
International [Member] 1,243 1,224 +1.6%
US 1,515 1,515 0.0%
Deferred Tax Assets 617 366 +68.6%
Other Non-Current Assets 267 210 +27.1%
Total Assets 14,479 14,165 +2.2%
Intangible Assets 858 1,011 -15.1%
Show Finite Lived Intangible Assets By Major Class breakouts
Developed Technology Rights 656 801 -18.1%
Other Intangible Assets 86 82 +4.9%
Trademarks And Trade Names 116 128 -9.4%
Other Assets
Intangible Assets Net Excluding Goodwill 1,075 1,226 -12.3%
Current Liabilities
Current Portion of Long-Term Debt 1,350
Accounts Payable 508 420 +21.0%
Dividends Payable Current 222 197 +12.7%
Other Accrued Liabilities Current 770 704 +9.4%
Employee Related Liabilities Current 293 276 +6.2%
Taxes Payable Current 93 82 +13.4%
Other Liabilities Current 130 93 +39.8%
Total Current Liabilities 3,366 1,797 +87.3%
Non-Current Liabilities
Long-Term Debt 5,231 6,563 -20.3%
Deferred Tax Liabilities 156 175 -10.9%
Operating Lease Liabilities 210 181 +16.0%
Accrued Income Taxes Noncurrent 265 267 -0.7%
Other Non-Current Liabilities 274 222 +23.4%
Total Liabilities 9,502 9,205 +3.2%
Stockholders' Equity
Common Stock 5 5 0.0%
Treasury Stock Value -8,226 -6,464 -27.3%
Additional Paid-In Capital 1,203 1,146 +5.0%
Retained Earnings 12,872 11,124 +15.7%
Accumulated Other Comprehensive Income -877 -845 -3.8%
Total Stockholders' Equity 4,977 4,966 +0.2%
Stockholders Equity Including Portion Attributable To Noncontrolling Interest 4,977 4,960 +0.3%
Show Equity Components breakouts
Accumulated Gain Loss Net Cash Flow Hedge Parent 72 84 -14.3%
Accumulated Net Unrealized Investment Gain Loss -45 36 -225.0%
Accumulated Other Comprehensive Income -877 -845 -3.8%
Accumulated Translation Adjustment -904 -967 +6.5%
Additional Paid In Capital 1,203 1,146 +5.0%
Common Stock 5 5 0.0%
Retained Earnings 12,872 11,124 +15.7%
Treasury Stock Common -8,226 -6,464 -27.3%
Total Liabilities & Equity 14,479 14,165 +2.2%

Cash Flow Statement

Cash Flow Statement
Metric YTD Q2 2025 YTD Q2 2024 YoY
Operating Activities
Depreciation & Amortization 242 253 -4.3%
Show Business Segments breakouts
All Other Segments 24 20 +20.0%
International · Operating Segments 48 48 0.0%
U.S. · Operating Segments 45 45 0.0%
Show Consolidation Items breakouts
Corporate Non Segment 58 65 -10.8%
Operating Segments 93 93 0.0%
Stock-Based Compensation 39 37 +5.4%
Asset Impairment Charges 33 13 +153.8%
Show Restructuring Cost And Reserve breakouts
Facility Closing 22
Disposal Group Not Discontinued Operation Gain Loss On Disposal 3 22 -86.4%
Show Disposal Group Classification breakouts
Disposal Group Disposed Of By Sale Not Discontinued Operations · Medicated Feed Additives 3
Inventory Write Down 32 42 -23.8%
Deferred Income Taxes 12 -144 +108.3%
Other Non-Cash Items -5 11 -145.5%
Change in Accounts Receivable -194 -112 -73.2%
Change in Inventory -168 -115 -46.1%
Increase Decrease In Other Operating Assets -162 -35 -362.9%
Change in Accounts Payable 24 20 +20.0%
Increase Decrease In Other Operating Liabilities -104 -88 -18.2%
Increase Decrease In Accrued Taxes Payable -28 -30 +6.7%
Net Cash from Operations 1,073 1,097 -2.2%
Investing Activities
Capital Expenditures -327 -272 -20.2%
Payments To Acquire Business Two Net Of Cash Acquired -10 -8 -25.0%
Payments To Acquire Investments -3 -3 0.0%
Payments For Proceeds From Hedge Investing Activities -76 21 -461.9%
Proceeds From Divestiture Of Businesses Net Of Cash Divested -4
Other Investing Activities -2 -2 0.0%
Net Cash from Investing -422 -263 -60.5%
Excise Tax Accrued On Net Share Repurchased Not Paid 7 8 -12.5%
Right Of Use Asset Obtained In Exchange For Operating Lease Liability 58 26 +123.1%
Right Of Use Asset Obtained In Exchange For Finance Lease Liability 1
Dividends Payable Current And Noncurrent 222 197 +12.7%
Financing Activities
Share Based Compensation Related Proceeds Net Of Taxes Paid On Withholding Shares -12 -12 0.0%
Share Repurchases -781 -872 +10.4%
Payments Of Ordinary Dividends -447 -395 -13.2%
Proceeds From Payments For Other Financing Activities -1
Net Cash from Financing -1,241 -1,287 +3.6%
Supplemental
Income Taxes Paid 475 481 -1.2%
Interest Paid 137 138 -0.7%
Operating Lease Payments 34 30 +13.3%
Finance Lease Principal Payments 2 1 +100.0%
Unpaid Capital Expenditures 3 3 0.0%
Other Cash Flow
Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents 38 -14 +371.4%
Net Change in Cash -552 -467 -18.2%
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents 1,435 1,574 -8.8%

Values in millions USD. Source: SEC EDGAR 10-Q filing.

This table is rendered from the same JSON returned by /api/financials.

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