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ZTS Quote, Financials, Valuation and Earnings

Last price:
$125.43
Seasonality move :
-1.68%
Day range:
$123.06 - $125.69
52-week range:
$115.25 - $177.40
Dividend yield:
1.59%
P/E ratio:
21.14x
P/S ratio:
5.97x
P/B ratio:
10.25x
Volume:
2.4M
Avg. volume:
5.9M
1-year change:
-23.81%
Market cap:
$55.3B
Revenue:
$9.3B
EPS (TTM):
$5.94
Period Ending 2020-12-31 2021-12-31 2022-12-31 2023-12-31 2024-12-31
Revenue $6.7B $7.8B $8.1B $8.5B $9.3B
Revenue Growth (YoY) 6.63% 16.49% 3.91% 5.74% 8.33%
 
Cost of Revenues $2.2B $2.5B $2.6B $2.7B $2.9B
Gross Profit $4.5B $5.3B $5.5B $5.8B $6.4B
Gross Profit Margin 66.79% 68.31% 67.77% 68.28% 69.1%
 
R&D Expenses $463M $508M $539M $614M $686M
Selling, General & Admin $1.7B $2B $2B $2.2B $2.3B
Other Inc / (Exp) -$54M -$97M -$101M $1M -$140M
Operating Expenses $2.2B $2.5B $2.5B $2.8B $3B
Operating Income $2.3B $2.8B $2.9B $3.1B $3.4B
 
Net Interest Expenses $249M $236M $237M $258M $242M
EBT. Incl. Unusual Items $2B $2.5B $2.7B $2.9B $3.1B
Earnings of Discontinued Ops. -- -- -- -- --
Income Tax Expense $360M $454M $545M $596M $637M
Net Income to Company $1.6B $2B $2.1B $2.3B $2.5B
 
Minority Interest in Earnings -$2M -$3M -$3M -$4M $10M
Net Income to Common Excl Extra Items $1.6B $2B $2.1B $2.3B $2.5B
 
Basic EPS (Cont. Ops) $3.44 $4.29 $4.51 $5.08 $5.47
Diluted EPS (Cont. Ops) $3.42 $4.27 $4.49 $5.07 $5.47
Weighted Average Basic Share $475.5M $474.3M $468.9M $461.2M $454.2M
Weighted Average Diluted Share $478.6M $476.7M $470.4M $462.3M $454.8M
 
EBITDA $2.7B $3.3B $3.4B $3.6B $3.9B
EBIT $2.3B $2.8B $2.9B $3.1B $3.4B
 
Revenue (Reported) $6.7B $7.8B $8.1B $8.5B $9.3B
Operating Income (Reported) $2.3B $2.8B $2.9B $3.1B $3.4B
Operating Income (Adjusted) $2.3B $2.8B $2.9B $3.1B $3.4B
Period Ending 2021-09-30 2022-09-30 2023-09-30 2024-09-30 2025-09-30
Revenue $2B $2B $2.2B $2.4B $2.4B
Revenue Growth (YoY) 11.42% 0.6% 7.44% 11.02% 0.5%
 
Cost of Revenues $626M $644M $676M $736M $715M
Gross Profit $1.4B $1.4B $1.5B $1.7B $1.7B
Gross Profit Margin 68.54% 67.83% 68.57% 69.18% 70.21%
 
R&D Expenses $132M $134M $152M $167M $170M
Selling, General & Admin $504M $501M $525M $565M $579M
Other Inc / (Exp) -$14M -$16M -$45M -$12M --
Operating Expenses $636M $635M $677M $732M $749M
Operating Income $728M $723M $798M $920M $936M
 
Net Interest Expenses $59M $57M $63M $61M $64M
EBT. Incl. Unusual Items $659M $667M $717M $874M $887M
Earnings of Discontinued Ops. -- -- -- -- --
Income Tax Expense $107M $139M $121M $182M $166M
Net Income to Company $552M $528M $596M $692M $721M
 
Minority Interest in Earnings -- -$1M -- $10M --
Net Income to Common Excl Extra Items $552M $528M $596M $692M $721M
 
Basic EPS (Cont. Ops) $1.16 $1.13 $1.29 $1.51 $1.63
Diluted EPS (Cont. Ops) $1.16 $1.13 $1.29 $1.50 $1.63
Weighted Average Basic Share $474M $467.8M $460.3M $452.9M $442.9M
Weighted Average Diluted Share $476.3M $469.1M $461.4M $453.5M $443.2M
 
EBITDA $838M $838M $922M $1B $1.1B
EBIT $728M $723M $798M $920M $936M
 
Revenue (Reported) $2B $2B $2.2B $2.4B $2.4B
Operating Income (Reported) $728M $723M $798M $920M $936M
Operating Income (Adjusted) $728M $723M $798M $920M $936M
Period Ending 2021-09-30 2022-09-30 2023-09-30 2024-09-30 2025-09-30
Revenue $7.6B $8B $8.4B $9.2B $9.4B
Revenue Growth (YoY) -- -- -- -- --
 
Cost of Revenues $2.5B $2.6B $2.6B $2.9B $2.8B
Gross Profit $5.2B $5.5B $5.7B $6.3B $6.6B
Gross Profit Margin -- -- -- -- --
 
R&D Expenses $503M $529M $588M $674M $685M
Selling, General & Admin $1.9B $2.1B $2.1B $2.3B $2.4B
Other Inc / (Exp) -$97M -$73M -$39M -$157M --
Operating Expenses $2.4B $2.6B $2.7B $2.9B $3.1B
Operating Income $2.7B $2.8B $3.1B $3.3B $3.5B
 
Net Interest Expenses $241M $227M $261M $245M $237M
EBT. Incl. Unusual Items $2.4B $2.6B $2.9B $3.1B $3.3B
Earnings of Discontinued Ops. -- -- -- -- --
Income Tax Expense $423M $506M $601M $613M $680M
Net Income to Company $2B $2.1B $2.3B $2.4B $2.7B
 
Minority Interest in Earnings -$3M -$3M -$3M $8M --
Net Income to Common Excl Extra Items $2B $2.1B $2.3B $2.4B $2.7B
 
Basic EPS (Cont. Ops) $4.17 $4.39 $4.93 $5.33 $5.94
Diluted EPS (Cont. Ops) $4.15 $4.38 $4.92 $5.32 $5.94
Weighted Average Basic Share
Weighted Average Diluted Share
 
EBITDA $3.2B $3.3B $3.5B $3.8B $4B
EBIT $2.7B $2.8B $3.1B $3.3B $3.5B
 
Revenue (Reported) $7.6B $8B $8.4B $9.2B $9.4B
Operating Income (Reported) $2.7B $2.8B $3.1B $3.3B $3.5B
Operating Income (Adjusted) $2.7B $2.8B $3.1B $3.3B $3.5B
Period Ending 2021-09-30 2022-09-30 2023-09-30 2024-09-30 2025-09-30
Revenue $5.8B $6B $6.3B $6.9B $7.1B
Revenue Growth (YoY) -- -- -- -- --
 
Cost of Revenues $1.8B $1.9B $1.9B $2.1B $2.1B
Gross Profit $4B $4.1B $4.4B $4.8B $5B
Gross Profit Margin -- -- -- -- --
 
R&D Expenses $370M $391M $440M $500M $499M
Selling, General & Admin $1.4B $1.5B $1.6B $1.7B $1.8B
Other Inc / (Exp) -$59M -$35M $27M -$131M -$5M
Operating Expenses $1.8B $1.9B $2B $2.2B $2.3B
Operating Income $2.2B $2.2B $2.4B $2.6B $2.8B
 
Net Interest Expenses $179M $170M $194M $186M $181M
EBT. Incl. Unusual Items $2B $2.1B $2.3B $2.4B $2.6B
Earnings of Discontinued Ops. -- -- -- -- --
Income Tax Expense $361M $413M $469M $486M $529M
Net Income to Company $1.6B $1.7B $1.8B $1.9B $2.1B
 
Minority Interest in Earnings -$2M -$2M -$2M $10M --
Net Income to Common Excl Extra Items $1.6B $1.7B $1.8B $1.9B $2.1B
 
Basic EPS (Cont. Ops) $3.42 $3.52 $3.94 $4.18 $4.65
Diluted EPS (Cont. Ops) $3.40 $3.50 $3.93 $4.18 $4.65
Weighted Average Basic Share $1.4B $1.4B $1.4B $1.4B $1.3B
Weighted Average Diluted Share $1.4B $1.4B $1.4B $1.4B $1.3B
 
EBITDA $2.5B $2.6B $2.7B $3B $3.1B
EBIT $2.2B $2.2B $2.4B $2.6B $2.8B
 
Revenue (Reported) $5.8B $6B $6.3B $6.9B $7.1B
Operating Income (Reported) $2.2B $2.2B $2.4B $2.6B $2.8B
Operating Income (Adjusted) $2.2B $2.2B $2.4B $2.6B $2.8B
Period Ending 2020-12-31 2021-12-31 2022-12-31 2023-12-31 2024-12-31
Cash and Equivalents $3.6B $3.5B $3.6B $2B $2B
Short Term Investments -- -- -- -- --
Accounts Receivable, Net $1B $1.1B $1.2B $1.3B $1.3B
Inventory $1.6B $1.9B $2.3B $2.6B $2.3B
Prepaid Expenses -- -- -- -- --
Other Current Assets $366M $389M $365M $434M $377M
Total Current Assets $6.6B $6.9B $7.5B $6.3B $6B
 
Property Plant And Equipment $2.4B $2.6B $3B $3.4B $3.6B
Long-Term Investments $22M $33M $31M $23M $30M
Goodwill $2.7B $2.7B $2.7B $2.8B $2.7B
Other Intangibles $1.7B $1.5B $1.4B $1.3B $1.1B
Other Long-Term Assets $106M $111M $147M $206M $250M
Total Assets $13.6B $13.9B $14.9B $14.3B $14.2B
 
Accounts Payable $457M $436M $405M $411M $433M
Accrued Expenses $556M $710M $682M $683M $746M
Current Portion Of Long-Term Debt $604M -- $1.4B -- $1.4B
Current Portion Of Capital Lease Obligations -- -- -- -- --
Other Current Liabilities $93M $67M $97M $102M $125M
Total Current Liabilities $2.2B $1.8B $3.2B $1.9B $3.4B
 
Long-Term Debt $6.8B $6.7B $6.7B $6.8B $5.4B
Capital Leases -- -- -- -- --
Total Liabilities $9.8B $9.4B $10.5B $9.3B $9.5B
 
Common Stock $5M $5M $5M $5M $5M
Other Common Equity Adj -$730M -$764M -$817M -$839M -$940M
Common Equity $3.8B $4.5B $4.4B $5B $4.8B
Total Preferred Equity -- -- -- -- --
Minority Interest, Total $4M $1M -$2M -$6M --
Total Equity $3.8B $4.5B $4.4B $5B $4.8B
 
Total Liabilities and Equity $13.6B $13.9B $14.9B $14.3B $14.2B
Cash and Short Terms $3.6B $3.5B $3.6B $2B $2B
Total Debt $7.4B $6.7B $8.1B $6.8B $6.7B
Period Ending 2021-09-30 2022-09-30 2023-09-30 2024-09-30 2025-09-30
Cash and Equivalents $3.3B $2.5B $1.8B $1.7B $2.1B
Short Term Investments -- -- -- -- --
Accounts Receivable, Net $1.2B $1.2B $1.3B $1.4B $1.5B
Inventory $1.9B $2.3B $2.7B $2.4B $2.5B
Prepaid Expenses -- -- -- -- --
Other Current Assets $381M $552M $467M $427M --
Total Current Assets $6.7B $6.6B $6.2B $6.3B $6.6B
 
Property Plant And Equipment $2.5B $2.8B $3.3B $3.5B $3.9B
Long-Term Investments $27M $50M $36M $12M $1M
Goodwill $2.7B $2.7B $2.8B $2.7B --
Other Intangibles $1.6B $1.3B $1.4B $1.2B --
Other Long-Term Assets $112M $161M $216M $215M --
Total Assets $13.7B $13.7B $14.1B $14.4B $15.2B
 
Accounts Payable $387M $373M $388M $404M $410M
Accrued Expenses $618M $679M $693M $725M --
Current Portion Of Long-Term Debt -- $1.4B $2M -- --
Current Portion Of Capital Lease Obligations -- -- -- -- --
Other Current Liabilities $61M $134M $97M $141M --
Total Current Liabilities $1.5B $2.9B $1.6B $1.7B $1.8B
 
Long-Term Debt $6.8B $5.4B $6.7B $6.8B $7.3B
Capital Leases -- -- -- -- --
Total Liabilities $9B $9B $9B $9.1B $9.8B
 
Common Stock $5M $5M $5M $5M $5M
Other Common Equity Adj -$667M -$809M -$814M -$851M --
Common Equity -- -- -- -- --
Total Preferred Equity -- -- -- -- --
Minority Interest, Total $2M -$1M -$4M -- --
Total Equity $4.7B $4.7B $5.1B $5.2B $5.4B
 
Total Liabilities and Equity $13.7B $13.7B $14.1B $14.4B $15.2B
Cash and Short Terms $3.3B $2.5B $1.8B $1.7B $2.1B
Total Debt $6.8B $6.7B $6.7B $6.8B $7.3B
Period Ending 2020-12-31 2021-12-31 2022-12-31 2023-12-31 2024-12-31
Net Income to Stockholders $1.6B $2B $2.1B $2.3B $2.5B
Depreciation & Amoritzation $441M $448M $465M $491M $497M
Stock-Based Compensation $59M $58M $62M $60M $74M
Change in Accounts Receivable $74M -$155M -$137M -$102M -$61M
Change in Inventories -$346M -$366M -$486M -$361M -$40M
Cash From Operations $2.1B $2.2B $1.9B $2.4B $3B
 
Capital Expenditures $453M $477M $586M $732M $655M
Cash Acquisitions $113M $14M $312M $155M $8M
Cash From Investing -$569M -$458M -$883M -$777M -$315M
 
Dividends Paid (Ex Special Dividend) $380M $474M $611M $692M $786M
Special Dividend Paid
Long-Term Debt Issued $1.2B -- $1.3B -- --
Long-Term Debt Repaid -$500M -$600M -- -$1.4B --
Repurchase of Common Stock $250M $743M $1.6B $1.1B $1.9B
Other Financing Activities -$11M -$6M -$11M -$3M -$5M
Cash From Financing $120M -$1.9B -$904M -$3.1B -$2.7B
 
Beginning Cash (CF) $3.6B $3.5B $3.6B $2B $2B
Foreign Exchange Rate Adjustment -- -- -- -- --
Additions / Reductions $1.7B -$119M $96M -$1.5B -$54M
Ending Cash (CF) $5.3B $3.4B $3.6B $494M $1.9B
 
Levered Free Cash Flow $1.7B $1.7B $1.3B $1.6B $2.3B
Period Ending 2021-09-30 2022-09-30 2023-09-30 2024-09-30 2025-09-30
Net Income to Stockholders $552M $528M $596M $692M $721M
Depreciation & Amoritzation $110M $115M $124M $121M $124M
Stock-Based Compensation $15M $15M $17M $18M $22M
Change in Accounts Receivable $6M $62M $62M -$22M $10M
Change in Inventories -$93M -$126M -$73M $2M -$44M
Cash From Operations $653M $526M $724M $951M $938M
 
Capital Expenditures $119M $154M $145M $167M $133M
Cash Acquisitions -- $3M $148M -- --
Cash From Investing -$114M -$124M -$271M -$178M -$160M
 
Dividends Paid (Ex Special Dividend) $119M $153M $173M $197M $222M
Special Dividend Paid -- -- -- -- --
Long-Term Debt Issued -- $1M -- -- --
Long-Term Debt Repaid -$600M -- -- -- --
Repurchase of Common Stock $198M $377M $250M $433M $394M
Other Financing Activities -- -- -$3M -$10M --
Cash From Financing -$919M -$529M -$416M -$628M -$134M
 
Beginning Cash (CF) $3.3B $2.5B $1.8B $1.7B $2.1B
Foreign Exchange Rate Adjustment -$4M -$18M -- -$5M $5M
Additions / Reductions -$384M -$145M $37M $140M $649M
Ending Cash (CF) $2.9B $2.3B $1.8B $1.8B $2.7B
 
Levered Free Cash Flow $534M $372M $579M $784M $805M
Period Ending 2021-09-30 2022-09-30 2023-09-30 2024-09-30 2025-09-30
Net Income to Stockholders $2B $2.1B $2.3B $2.4B $2.7B
Depreciation & Amoritzation $440M $463M $484M $500M $489M
Stock-Based Compensation $57M $60M $59M $72M $80M
Change in Accounts Receivable -$138M -$132M -$71M -$182M -$111M
Change in Inventories -$351M -$505M -$545M $23M -$139M
Cash From Operations $2.3B $1.9B $2.2B $2.9B $2.9B
 
Capital Expenditures $461M $583M $705M $637M $676M
Cash Acquisitions $19M $96M $371M $8M $14M
Cash From Investing -$493M -$587M -$1B -$651M -$456M
 
Dividends Paid (Ex Special Dividend) $452M $577M $671M $764M $863M
Special Dividend Paid
Long-Term Debt Issued -- -- -- -- --
Long-Term Debt Repaid -- -- -$1.4B -$3M --
Repurchase of Common Stock $545M $1.4B $1.3B $1.5B $1.7B
Other Financing Activities -- -- -- -- --
Cash From Financing -$2.1B -$2B -$1.9B -$2.3B -$2.1B
 
Beginning Cash (CF) -- -- -- -- --
Foreign Exchange Rate Adjustment -- -- -- -- --
Additions / Reductions -$380M -$767M -$753M -$40M $370M
Ending Cash (CF) -- -- -- -- --
 
Levered Free Cash Flow $1.8B $1.3B $1.5B $2.3B $2.2B
Period Ending 2021-09-30 2022-09-30 2023-09-30 2024-09-30 2025-09-30
Net Income to Stockholders $1.6B $1.7B $1.8B $1.9B $2.1B
Depreciation & Amoritzation $331M $346M $365M $374M $366M
Stock-Based Compensation $44M $46M $43M $55M $61M
Change in Accounts Receivable -$143M -$120M -$54M -$134M -$184M
Change in Inventories -$299M -$438M -$497M -$113M -$212M
Cash From Operations $1.5B $1.2B $1.5B $2B $2B
 
Capital Expenditures $309M $415M $534M $439M $460M
Cash Acquisitions $14M $96M $155M $8M $14M
Cash From Investing -$316M -$445M -$567M -$441M -$582M
 
Dividends Paid (Ex Special Dividend) $357M $460M $520M $592M $669M
Special Dividend Paid -- -- -- -- --
Long-Term Debt Issued -- $3M -- -- --
Long-Term Debt Repaid -$600M -- -$1.4B -$3M --
Repurchase of Common Stock $545M $1.2B $857M $1.3B $1.2B
Other Financing Activities -$5M -- -$3M -$15M -$1M
Cash From Financing -$1.5B -$1.7B -$2.7B -$1.9B -$1.4B
 
Beginning Cash (CF) $10.5B $8.3B $5.6B $5.3B $5.2B
Foreign Exchange Rate Adjustment -- -$20M -$4M -$19M $43M
Additions / Reductions -$330M -$978M -$1.8B -$327M $97M
Ending Cash (CF) $10.2B $7.3B $3.7B $4.9B $5.4B
 
Levered Free Cash Flow $1.2B $756M $922M $1.6B $1.6B

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