Zoetis Inc. (ZTS) closed fiscal year 2025 with a gross margin of 71.8 % and a net margin of 28.2 %.
Zoetis Inc. (ZTS) closed fiscal year 2025 with a gross margin of 71.8 % and a net margin of 28.2 %. The same year shows an EBITDA margin of 42.6 % and an EBIT margin of 37.5 %. The free cash flow margin was 24.1 %. Against the previous year the gross margin moved +1.2 pp and the net margin +1.4 pp. Across the period the gross margin ranges between 61.0 % in 2011 and 71.8 % in 2025. The series covers 15 fiscal years, from 2011 to 2025. Margins are expressed as a percentage of net revenue and are derived from the same figures as the income statement, taken from as-reported SEC EDGAR filings, with no restatements or adjustments of our own.
Fiscal year end: December
| 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross margin (%) | 60.97 % | 63.95 % | 63.41 % | 64.12 % | 63.53 % | 65.92 % | 66.55 % | 67.19 % | 68.18 % | 69.18 % | 70.38 % | 69.63 % | 70.03 % | 70.62 % | 71.84 % |
| EBITDA margin (%) | 16.14 % | 20.64 % | 21.99 % | 23.99 % | 19.92 % | 33.39 % | 36.71 % | 36.41 % | 38.00 % | 40.22 % | 41.26 % | 41.86 % | 41.05 % | 41.44 % | 42.60 % |
| EBIT margin (%) | 11.29 % | 16.03 % | 17.41 % | 19.73 % | 15.74 % | 28.48 % | 32.15 % | 31.12 % | 31.42 % | 33.62 % | 35.49 % | 36.10 % | 35.30 % | 36.07 % | 37.46 % |
| Net margin (%) | 5.79 % | 10.06 % | 11.05 % | 12.18 % | 7.11 % | 16.80 % | 16.28 % | 24.52 % | 23.96 % | 24.54 % | 26.20 % | 26.16 % | 27.43 % | 26.86 % | 28.23 % |
| FCF margin (%) | 8.55 % | 7.56 % | 10.90 % | 9.32 % | 9.23 % | 10.17 % | 21.14 % | 24.93 % | 21.33 % | 25.06 % | 22.33 % | 16.41 % | 18.97 % | 24.83 % | 24.12 % |
