Zoetis Inc.
Zoetis Inc. (ZTS) is listed on NYSE and classified in Drug Manufacturers - Specialty & Generic, part of the Healthcare sector. It is headquartered in Parsippany, United States and has 14,500 employees. The company is worth $33.88B and trades at 13.5x its earnings of the last twelve months; the median for its sector is 24.3x. Revenue was $9.47B in fiscal 2025, up 2.3% from the year before. Net income was $2.67B. The share price is 44.6% below its 52-week high of $147.93. It pays a dividend yielding 2.59%, and has raised its annual dividend for 11 years in a row in our records. 9 of the 38 superinvestors we track held it at the end of Q2 2026. The largest position belongs to Ken Griffin (Citadel Advisors), at $229.11M. In that quarter, 8 of them opened or added to the position and 1 reduced it. No open-market insider trades in it were filed over the last 30 days.
Written from the data on this page: SEC filings (13F, Form 4, annual reports) and market prices.
Year by year, from the annual reports; dividends from the payments themselves.
Bars are year-end balances; lines are what happened during the year.
Major managers that reported this stock in their latest 13F.
▼ -64.2% over 5Y.
today you would have $387.92▼ -61.2%
Dividends reinvested, splits accounted for. Past prices say what happened, not what will.
The last 13 closed years, each at that year’s closing price and reported numbers.
| Indicator | Median | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Year-end price | $125.82 | $162.93 | $197.37 | $146.55 | $244.03 | $165.50 | $132.35 | $85.54 | $72.04 | $53.53 | $47.92 | $43.03 | $32.69 | |
| P/E | 37.1x | 20.9x | 29.8x | 38.9x | 32.6x | 57.1x | 48.4x | 42.6x |
Seven formulas applied to the reported numbers, each with its assumption next to the result. None of them predicts a price.
Square root of 22.5 × earnings × book value. Blind to intangibles, so it undervalues software and brands.
Earnings growing 12.0% a year plus a 2.6% dividend yield. Growth capped at 25%.
Median P/E of 24.3 among peers in the sector.
Median P/E of 37.1 across this company’s own years on record.
Cash flow growing 12.0% a year for 10 years, discounted at 10%, then 2.5% forever.
This formula has no meaning here — usually a loss, negative cash flow, or a missing input.
Dividend growing 6.2% a year against a 7.7% required return, from the stock’s beta.
Companies of similar size in Healthcare, for comparison. The columns are the same ones above, in the same order.
| Stock | Price | P/E | P/B | Dividend yield | ROE | Market cap |
|---|---|---|---|---|---|---|
| MTDMettler Toledo International Inc/ | $1,684.64 | 38.0x | 2632.3x | 0.00% | — | $33.75B |
| ALCAlcon Inc | $70.63 | 51.2x | 1.6x | 0.51% | 2.94% | $34.14B |
| CNCCentene Corp | $71.24 | — | 1.6x | 0.00% | -20.36% | $35.19B |
| RMDResmed Inc | $253.06 |
| 29.2x |
| 41.2x |
| 32.4x |
| 70.5x |
| 37.1x |
| 32.4x |
| P/S | 7.0x | 5.6x | 7.9x | 10.6x | 8.4x | 14.8x | 11.8x | 10.0x | 7.0x | 6.6x | 5.4x | 5.0x | 4.5x | 3.6x |
| P/B | 18.1x | 15.9x | 15.3x | 18.1x | 15.4x | 25.4x | 20.9x | 23.2x | 18.7x | 19.8x | 17.7x | 22.3x | 16.4x | 17.4x |
| EPS | $6.02 | $5.47 | $5.07 | $4.49 | $4.27 | $3.42 | $3.11 | $2.93 | $1.75 | $1.65 | $0.68 | $1.16 | $1.01 |
| Dividend yield | 0.67% | 1.59% | 1.06% | 0.76% | 0.89% | 0.41% | 0.48% | 0.50% | 0.59% | 0.58% | 0.71% | 0.69% | 0.67% | 0.60% |
| Payout | 24.00% | 33.22% | 31.59% | 29.59% | 28.95% | 23.42% | 23.39% | 21.09% | 17.20% | 24.00% | 23.03% | 48.82% | 24.83% | 19.31% |
| Profit margin | 24.52% | 28.23% | 26.86% | 27.43% | 26.16% | 26.20% | 24.54% | 23.96% | 24.52% | 16.28% | 16.80% | 7.11% | 12.18% | 11.05% |
| ROE | 48.81% | 80.25% | 52.12% | 46.91% | 47.99% | 44.84% | 43.46% | 55.39% | 65.35% | 48.81% | 55.21% | 31.74% | 44.47% | 53.62% |
Median of the years shown; P/E years above 200x are left out.
The average of the method families that answered, not of the seven numbers: four of the seven start from the same earnings per share.
6 methods answered, across 3 families.
Room for errors in the reported numbers.
+61.4% from the average.
Models, not forecasts, and not investment advice. How each formula works →
| 23.6x |
| 5.5x |
| 1.04% |
| 24.27% |
| $35.59B |
| GEHCGE HealthCare Technologies Inc. | $71.42 | 15.9x | 2.9x | 0.22% | 19.38% | $32.26B |
| RPRXRoyalty Pharma plc | $63.75 | 33.0x | 4.2x | 1.47% | 13.96% | $36.84B |