ZTS NYSE
Zoetis Inc.
1W: -2.3%
1M: +9.5%
3M: +0.3%
YTD: -37.6%
1Y: -46.2%
3Y: -52.0%
5Y: -60.2%
$78.23
-2.74 (-3.38%)
Weekly Expected Move ±3.6%
$75
$78
$81
$84
$87
Credit Risk of going bust: lower than 57% of companies Debt: 22.2% of company value Bonds: $301.2M held by 308 funds, 68 bp over Treasuries → details ▾
Of US companies ranked in the middle of the pack, about 1 in 580 filed for bankruptcy within a year (2020-2025).
If the stock fell to about $1.76 (down 98%), Zoetis Inc. would be worth roughly what it owes.
Total debt $9.24B against a stock market value of $32.33B.
Distance to default 5.81 (Merton model): prices to 2026-10-27, balance sheet 2026-06-30, debt counted $4.52B (short-term plus half of long-term), stock volatility 40.4%; Altman Z 4.73. A ranking and a back-test, not a forecast.
Bond figures are fund-reported marks (SEC N-PORT) as of Jul 2026. How these are computed.
If the stock fell to about $1.76 (down 98%), Zoetis Inc. would be worth roughly what it owes.
Total debt $9.24B against a stock market value of $32.33B.
Distance to default 5.81 (Merton model): prices to 2026-10-27, balance sheet 2026-06-30, debt counted $4.52B (short-term plus half of long-term), stock volatility 40.4%; Altman Z 4.73. A ranking and a back-test, not a forecast.
Bond figures are fund-reported marks (SEC N-PORT) as of Jul 2026. How these are computed.
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Cash Flow Trends
Operating Cash Flow
$2.9B
-1.7% ▼
5Y CAGR: +6.4%
Capital Expenditures
$621M
+5.2% ▲
5Y CAGR: +6.5%
Free Cash Flow
$2.3B
-0.7% ▼
5Y CAGR: +6.4%
Dividends Paid
$889M
-13.1% ▼
Buybacks
$3.2B
-74.1% ▼
Net Change in Cash
$325M
+701.9% ▲
Cash Flow Composition
Year-over-Year Growth
View Full Cash Flow Statement
| Line Item | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|
| — Operating Activities — | |||||
| Net Income | $2.0B | $2.1B | $2.3B | $2.5B | $2.7B |
| Depreciation & Amort. | $448M | $465M | $491M | $497M | $487M |
| Stock-Based Comp. | $58M | $62M | $60M | $74M | $83M |
| Change in Working Capital | -$343M | -$699M | -$512M | $79M | -$408M |
| Other Non-Cash Items | $96M | $259M | $31M | $145M | $121M |
| Operating Cash Flow | $2.2B | $1.9B | $2.4B | $3.0B | $2.9B |
| — Investing Activities — | |||||
| Capital Expenditures | -$477M | -$586M | -$732M | -$655M | -$621M |
| Acquisitions (Net) | -$14M | -$312M | -$59M | $285M | -$24M |
| Investment Purchases | -$12M | -$9M | -$4M | -$5M | -$7M |
| Investment Sales | $44M | $23M | $12M | $0 | $0 |
| Other Investing | $1M | $1M | $6M | $60M | -$96M |
| Investing Cash Flow | -$458M | -$883M | -$777M | -$315M | -$748M |
| — Financing Activities — | |||||
| Net Debt Issuance | -$604M | $1.4B | -$1.3B | -$3M | $2.3B |
| Stock Repurchased | -$743M | -$1.6B | -$1.1B | -$1.9B | -$3.2B |
| Dividends Paid | -$474M | -$611M | -$692M | -$786M | -$889M |
| Other Financing | -$45M | -$49M | $24M | -$13M | -$14M |
| Financing Cash Flow | -$1.9B | -$904M | -$3.1B | -$2.7B | -$1.9B |
| Net Change in Cash | -$119M | $96M | -$1.5B | -$54M | $325M |
| Cash End of Period | $3.5B | $3.6B | $2.0B | $2.0B | $2.3B |
| Free Cash Flow | $1.7B | $1.3B | $1.6B | $2.3B | $2.3B |