Zoetis annual free cash flow
2011
2012
2013
2015
2016
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2018
2019
2020
2021
2022
2023
2024
2025
Zoetis Free Cash Flow (FCF) History (ZTS)
Zoetis reported $2.28B in free cash flow for fiscal 2025, a decrease of 0.65% from the previous fiscal year, with a free cash flow margin of 24.12%.
View full Zoetis company overviewZoetis free cash flow by year
| Fiscal year | Period ended | Free cash flow | Change | Growth | FCF margin |
|---|---|---|---|---|---|
| 2025 | 2025-12-31 | $2.28B | −$15.0M | −0.65% | +24.12% |
| 2024 | 2024-12-31 | $2.30B | $677.0M | +41.76% | +24.83% |
| 2023 | 2023-12-31 | $1.62B | $295.0M | +22.25% | +18.97% |
| 2022 | 2022-12-31 | $1.33B | −$410.0M | −23.62% | +16.41% |
| 2021 | 2021-12-31 | $1.74B | $63.0M | +3.77% | +22.33% |
| 2020 | 2020-12-31 | $1.67B | $338.0M | +25.32% | +25.06% |
| 2019 | 2019-12-31 | $1.33B | −$117.0M | −8.06% | +21.33% |
| 2018 | 2018-12-31 | $1.45B | $330.0M | +29.41% | +24.93% |
| 2017 | 2017-12-31 | $1.12B | $625.0M | +125.75% | +21.14% |
| 2016 | 2016-12-31 | $497.0M | $57.0M | +12.95% | +10.17% |
| 2015 | 2015-12-31 | $440.0M | −$57.0M | −11.47% | +9.23% |
| 2013 | 2013-12-31 | $497.0M | $169.0M | +51.52% | +10.90% |
| 2012 | 2012-12-31 | $328.0M | −$34.0M | −9.39% | +7.56% |
| 2011 | 2011-12-31 | $362.0M | — | — | +8.55% |
Zoetis quarterly free cash flow
Q1.12
Q2.12
Q3.12
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Q1.13
Q2.13
Q3.13
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Q2.14
Q3.14
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Q2.23
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Q2.24
Q3.24
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Q1.25
Q2.25
Q3.25
Q4.25
Q1.26
Q2.26
| Fiscal quarter | Period ended | Free cash flow | Change | YoY growth | FCF margin |
|---|---|---|---|---|---|
| Q2 2026 | 2026-06-30 | $538.0M | $79.0M | +17.21% | +21.80% |
| Q1 2026 | 2026-03-31 | $291.0M | −$46.0M | −13.65% | +12.86% |
| Q4 2025 | 2025-12-31 | $732.0M | $43.0M | +6.24% | +30.56% |
| Q3 2025 | 2025-09-30 | $755.0M | −$29.0M | −3.70% | +31.46% |
| Q2 2025 | 2025-06-30 | $459.0M | $89.0M | +24.05% | +18.55% |
| Q1 2025 | 2025-03-31 | $337.0M | −$118.0M | −25.93% | +15.33% |
| Q4 2024 | 2024-12-31 | $689.0M | −$10.0M | −1.43% | +29.74% |
| Q3 2024 | 2024-09-30 | $784.0M | $205.0M | +35.41% | +32.83% |
| Q2 2024 | 2024-06-30 | $370.0M | $353.0M | +2076.47% | +15.67% |
| Q1 2024 | 2024-03-31 | $455.0M | $129.0M | +39.57% | +20.78% |
| Q4 2023 | 2023-12-31 | $699.0M | $129.0M | +22.63% | +31.59% |
| Q3 2023 | 2023-09-30 | $579.0M | $207.0M | +55.65% | +26.92% |
| Q2 2023 | 2023-06-30 | $17.0M | −$173.0M | −91.05% | +0.78% |
| Q1 2023 | 2023-03-31 | $326.0M | $132.0M | +68.04% | +16.30% |
| Q4 2022 | 2022-12-31 | $570.0M | $59.0M | +11.55% | +27.94% |
| Q3 2022 | 2022-09-30 | $372.0M | −$162.0M | −30.34% | +18.58% |
| Q2 2022 | 2022-06-30 | $190.0M | −$178.0M | −48.37% | +9.26% |
| Q1 2022 | 2022-03-31 | $194.0M | −$129.0M | −39.94% | +9.77% |
| Q4 2021 | 2021-12-31 | $511.0M | −$55.0M | −9.72% | +25.98% |
| Q3 2021 | 2021-09-30 | $534.0M | $89.0M | +20.00% | +26.83% |
| Q2 2021 | 2021-06-30 | $368.0M | $20.0M | +5.75% | +18.89% |
| Q1 2021 | 2021-03-31 | $323.0M | $9.0M | +2.87% | +17.26% |
| Q4 2020 | 2020-12-31 | $566.0M | $150.0M | +36.06% | +31.32% |
| Q3 2020 | 2020-09-30 | $445.0M | $67.0M | +17.72% | +24.92% |
| Q2 2020 | 2020-06-30 | $348.0M | $133.0M | +61.86% | +22.48% |
| Q1 2020 | 2020-03-31 | $314.0M | −$12.0M | −3.68% | +20.47% |
| Q4 2019 | 2019-12-31 | $416.0M | −$30.0M | −6.73% | +24.85% |
| Q3 2019 | 2019-09-30 | $378.0M | −$98.0M | −20.59% | +23.86% |
| Q2 2019 | 2019-06-30 | $215.0M | $21.0M | +10.82% | +13.90% |
| Q1 2019 | 2019-03-31 | $326.0M | −$10.0M | −2.98% | +22.41% |
| Q4 2018 | 2018-12-31 | $446.0M | −$79.0M | −15.05% | +28.52% |
| Q3 2018 | 2018-09-30 | $476.0M | $85.0M | +21.74% | +32.16% |
| Q2 2018 | 2018-06-30 | $194.0M | $65.0M | +50.39% | +13.71% |
| Q1 2018 | 2018-03-31 | $336.0M | $259.0M | +336.36% | +24.60% |
| Q4 2017 | 2017-12-31 | $525.0M | $299.0M | +132.30% | +35.96% |
| Q3 2017 | 2017-10-01 | $391.0M | $209.0M | +114.84% | +29.03% |
| Q2 2017 | 2017-07-02 | $129.0M | $46.0M | +55.42% | +10.17% |
| Q1 2017 | 2017-04-02 | $77.0M | $71.0M | +1183.33% | +6.26% |
| Q4 2016 | 2016-12-31 | $226.0M | $29.0M | +14.72% | +17.70% |
| Q3 2016 | 2016-10-02 | $182.0M | $30.0M | +19.74% | +14.67% |
| Q2 2016 | 2016-07-03 | $83.0M | $7.0M | +9.21% | +6.87% |
| Q1 2016 | 2016-04-03 | $6.0M | −$9.0M | −60.00% | +0.52% |
| Q4 2015 | 2015-12-31 | $197.0M | $136.0M | +222.95% | +15.46% |
| Q3 2015 | 2015-09-27 | $152.0M | $35.0M | +29.91% | +12.52% |
| Q2 2015 | 2015-06-28 | $76.0M | $144.0M | — | +6.47% |
| Q1 2015 | 2015-03-29 | $15.0M | −$234.0M | −93.98% | +1.36% |
| Q3 2014 | 2014-09-28 | $61.0M | $2.0M | +3.39% | +5.04% |
| Q2 2014 | 2014-06-29 | $117.0M | $187.0M | — | +10.10% |
| Q1 2014 | 2014-03-30 | −$68.0M | −$327.0M | — | −6.20% |
| Q4 2013 | 2013-12-31 | $249.0M | −$16.0M | −6.04% | +19.86% |
| Q3 2013 | 2013-09-29 | $59.0M | $11.0M | +22.92% | +5.35% |
| Q2 2013 | 2013-06-30 | −$70.0M | −$120.0M | — | −6.28% |
| Q1 2013 | 2013-03-31 | $259.0M | $294.0M | — | +23.76% |
| Q4 2012 | 2012-12-31 | $265.0M | — | — | +22.53% |
| Q3 2012 | 2012-09-30 | $48.0M | — | — | +4.71% |
| Q2 2012 | 2012-07-01 | $50.0M | — | — | +4.57% |
| Q1 2012 | 2012-04-01 | −$35.0M | — | — | −3.34% |
Zoetis free cash flow growth trends
Over the last five reported fiscal years, free cash flow grew from $1.67B to $2.28B, a compound annual growth rate of 6.41%. Zoetis's latest reported quarter, Q2 2026, generated $538.0M in free cash flow, an increase of 17.21% year over year.
About the metric
What free cash flow means
Free cash flow is the cash a company generates from operations after capital expenditures. Positive FCF can fund dividends, buybacks, debt repayment, or reinvestment; negative FCF means capital spending exceeded operating cash flow for that period.
Calculation and source
How free cash flow is calculated
TickerStat calculates free cash flow as SEC-reported operating cash flow minus capital expenditures. FCF margin equals free cash flow divided by revenue. Fiscal periods can differ from calendar years, so the tables include exact period-end dates.
Review Zoetis filings at SEC.gov ↗