{"schemaVersion":1,"title":"Zoetis Margins","path":"/stock/zts/margins","topic":"margins","company":{"symbol":"zts","name":"Zoetis","exchange":"NYSE","currency":"USD","aliases":[]},"retrievedAt":"2026-09-28T18:23:16.063Z","periodBasis":"fiscal","options":{"range":"5Y","deductSbc":false,"limit":200,"offset":0,"frequency":"quarterly","wacc":7.9},"definitions":[{"label":"Gross margin","unit":"percent","group":"margins","formula":"Gross profit / revenue × 100. Uses revenue − reported cost of revenue when gross profit is absent.","id":"gross_margin"},{"label":"Operating margin","unit":"percent","group":"margins","formula":"Operating income / revenue × 100. Uses reported operating income, or reported pretax income less the complete nonoperating income/expense total when both are available.","id":"operating_margin"},{"label":"Net margin","unit":"percent","group":"margins","formula":"Reported net income / revenue × 100.","id":"net_margin"},{"label":"EBITDA margin","unit":"percent","group":"margins","formula":"(Operating income + reported depreciation and amortization) / revenue × 100. An EBITDA proxy, not adjusted EBITDA.","id":"ebitda_margin"},{"label":"Operating cash flow margin","unit":"percent","group":"margins","formula":"Operating cash flow / revenue × 100.","id":"ocf_margin"},{"label":"Free cash flow margin","unit":"percent","group":"margins","formula":"Free cash flow / revenue × 100. Reflects the selected reported capex scope and the SBC option.","id":"fcf_margin"},{"label":"Capex / revenue","unit":"percent","group":"margins","formula":"Reported cash capital investment / revenue × 100. Uses PPE purchases or, when those are not separately tagged, the broader productive-assets total.","id":"capex_intensity"},{"label":"SBC / revenue","unit":"percent","group":"margins","formula":"Reported share-based compensation / revenue × 100.","id":"sbc_revenue"}],"latest":{"period":"2026-Q2","start":"2026-04-01","end":"2026-06-30","fiscal":true,"ttm":true,"priceDate":"2026-06-30","values":{"gross_margin":72.73095623987034,"operating_margin":34.886547811993516,"net_margin":27.99837925445705,"ebitda_margin":39.70826580226905,"ocf_margin":26.53970826580227,"fcf_margin":21.79902755267423,"capex_intensity":4.7406807131280395,"sbc_revenue":1.053484602917342},"issues":{},"issueCodes":{"ev_sales":"missing_inputs","ev_ebitda":"missing_inputs","software_capex":"missing_inputs","roic":"missing_inputs","roiic":"missing_inputs","roic_wacc":"missing_inputs","debt":"missing_inputs","net_debt":"missing_inputs","debt_equity":"missing_inputs","debt_assets":"missing_inputs","net_debt_ebitda":"missing_inputs","debt_fcf":"missing_inputs"},"growthRates":{},"availableAfter":{}},"rows":[{"period":"2026-Q2","start":"2026-04-01","end":"2026-06-30","fiscal":true,"ttm":true,"priceDate":"2026-06-30","values":{"gross_margin":72.73095623987034,"operating_margin":34.886547811993516,"net_margin":27.99837925445705,"ebitda_margin":39.70826580226905,"ocf_margin":26.53970826580227,"fcf_margin":21.79902755267423,"capex_intensity":4.7406807131280395,"sbc_revenue":1.053484602917342},"issues":{},"issueCodes":{"ev_sales":"missing_inputs","ev_ebitda":"missing_inputs","software_capex":"missing_inputs","roic":"missing_inputs","roiic":"missing_inputs","roic_wacc":"missing_inputs","debt":"missing_inputs","net_debt":"missing_inputs","debt_equity":"missing_inputs","debt_assets":"missing_inputs","net_debt_ebitda":"missing_inputs","debt_fcf":"missing_inputs"},"growthRates":{},"availableAfter":{}},{"period":"2026-Q1","start":"2026-01-01","end":"2026-03-31","fiscal":true,"ttm":true,"priceDate":"2026-03-31","values":{"gross_margin":71.66224580017683,"operating_margin":32.62599469496021,"net_margin":26.56940760389036,"ebitda_margin":37.8868258178603,"ocf_margin":17.727674624226346,"fcf_margin":12.86472148541114,"capex_intensity":4.862953138815207,"sbc_revenue":1.1052166224580018},"issues":{},"issueCodes":{"pfcf_growth":"nonpositive_denominator","ev_sales":"missing_inputs","ev_ebitda":"missing_inputs","software_capex":"missing_inputs","roic":"missing_inputs","roiic":"missing_inputs","roic_wacc":"missing_inputs","debt":"missing_inputs","net_debt":"missing_inputs","debt_equity":"missing_inputs","debt_assets":"missing_inputs","net_debt_ebitda":"missing_inputs","debt_fcf":"missing_inputs"},"growthRates":{},"availableAfter":{}},{"period":"2025-Q4","start":"2025-10-01","end":"2025-12-31","fiscal":true,"ttm":true,"priceDate":"2025-12-31","values":{"gross_margin":70.17176372015082,"operating_margin":31.503979891076668,"net_margin":25.261834939254296,"ebitda_margin":36.5731043150398,"ocf_margin":37.41097612065354,"fcf_margin":30.666108085462923,"capex_intensity":6.744868035190615,"sbc_revenue":0.9216589861751152},"issues":{},"issueCodes":{"software_capex":"missing_inputs","eps":"missing_inputs"},"growthRates":{},"availableAfter":{}},{"period":"2025-Q3","start":"2025-07-01","end":"2025-09-30","fiscal":true,"ttm":true,"priceDate":"2025-09-30","values":{"gross_margin":71.54166666666667,"operating_margin":36.41666666666667,"net_margin":30.041666666666668,"ebitda_margin":41.583333333333336,"ocf_margin":39.08333333333333,"fcf_margin":33.541666666666664,"capex_intensity":5.541666666666667,"sbc_revenue":0.9166666666666666},"issues":{},"issueCodes":{"pfcf_growth":"nonpositive_denominator","software_capex":"missing_inputs","roic":"missing_inputs","roiic":"missing_inputs","roic_wacc":"missing_inputs"},"growthRates":{},"availableAfter":{}},{"period":"2025-Q2","start":"2025-04-01","end":"2025-06-30","fiscal":true,"ttm":true,"priceDate":"2025-06-30","values":{"gross_margin":73.6178861788618,"operating_margin":36.829268292682926,"net_margin":29.1869918699187,"ebitda_margin":41.829268292682926,"ocf_margin":19.75609756097561,"fcf_margin":12.520325203252034,"capex_intensity":7.235772357723577,"sbc_revenue":0.894308943089431},"issues":{},"issueCodes":{"software_capex":"missing_inputs","roic":"missing_inputs","roiic":"missing_inputs","roic_wacc":"missing_inputs"},"growthRates":{},"availableAfter":{}},{"period":"2025-Q1","start":"2025-01-01","end":"2025-03-31","fiscal":true,"ttm":true,"priceDate":"2025-03-31","values":{"gross_margin":71.98198198198197,"operating_margin":35.67567567567568,"net_margin":28.423423423423422,"ebitda_margin":41.03603603603604,"ocf_margin":26.441441441441444,"fcf_margin":19.72972972972973,"capex_intensity":6.711711711711711,"sbc_revenue":0.7657657657657657},"issues":{},"issueCodes":{"software_capex":"missing_inputs","roic":"missing_inputs","roiic":"missing_inputs","roic_wacc":"missing_inputs"},"growthRates":{},"availableAfter":{}},{"period":"2024-Q4","start":"2024-10-01","end":"2024-12-31","fiscal":true,"ttm":true,"priceDate":"2024-12-31","values":{"gross_margin":69.48640483383686,"operating_margin":30.72939145446698,"net_margin":25.075528700906347,"ebitda_margin":36.037980146741475,"ocf_margin":39.05912818299525,"fcf_margin":29.736728528269314,"capex_intensity":9.32239965472594,"sbc_revenue":0.8200258955545966},"issues":{},"issueCodes":{"software_capex":"missing_inputs","eps":"missing_inputs","roiic":"capital_not_increased"},"growthRates":{},"availableAfter":{}},{"period":"2024-Q3","start":"2024-07-01","end":"2024-09-30","fiscal":true,"ttm":true,"priceDate":"2024-09-30","values":{"gross_margin":70.64489112227805,"operating_margin":35.92964824120603,"net_margin":28.559463986599663,"ebitda_margin":40.996649916247904,"ocf_margin":39.824120603015075,"fcf_margin":32.83082077051927,"capex_intensity":6.993299832495812,"sbc_revenue":0.7537688442211055},"issues":{},"issueCodes":{"ev_sales":"missing_inputs","ev_ebitda":"missing_inputs","software_capex":"missing_inputs","roic":"missing_inputs","roiic":"missing_inputs","roic_wacc":"missing_inputs","debt":"missing_inputs","net_debt":"missing_inputs","debt_equity":"missing_inputs","debt_assets":"missing_inputs","net_debt_ebitda":"missing_inputs","debt_fcf":"missing_inputs"},"growthRates":{},"availableAfter":{}},{"period":"2024-Q2","start":"2024-04-01","end":"2024-06-30","fiscal":true,"ttm":true,"priceDate":"2024-06-28","values":{"gross_margin":71.70690385429903,"operating_margin":34.09572215163067,"net_margin":26.429479034307494,"ebitda_margin":39.47479881406184,"ocf_margin":21.26217704362558,"fcf_margin":15.67132570944515,"capex_intensity":5.5908513341804325,"sbc_revenue":0.8047437526471835},"issues":{},"issueCodes":{"ev_sales":"missing_inputs","ev_ebitda":"missing_inputs","software_capex":"missing_inputs","roic":"missing_inputs","roiic":"missing_inputs","roic_wacc":"missing_inputs","debt":"missing_inputs","net_debt":"missing_inputs","debt_equity":"missing_inputs","debt_assets":"missing_inputs","net_debt_ebitda":"missing_inputs","debt_fcf":"missing_inputs"},"growthRates":{},"availableAfter":{}},{"period":"2024-Q1","start":"2024-01-01","end":"2024-03-31","fiscal":true,"ttm":true,"priceDate":"2024-03-28","values":{"gross_margin":70.63926940639269,"operating_margin":33.74429223744293,"net_margin":27.351598173515985,"ebitda_margin":39.49771689497717,"ocf_margin":27.168949771689498,"fcf_margin":20.776255707762555,"capex_intensity":6.392694063926941,"sbc_revenue":0.821917808219178},"issues":{},"issueCodes":{"ev_sales":"missing_inputs","ev_ebitda":"missing_inputs","software_capex":"missing_inputs","roic":"missing_inputs","roiic":"missing_inputs","roic_wacc":"missing_inputs","debt":"missing_inputs","net_debt":"missing_inputs","debt_equity":"missing_inputs","debt_assets":"missing_inputs","net_debt_ebitda":"missing_inputs","debt_fcf":"missing_inputs"},"growthRates":{},"availableAfter":{}},{"period":"2023-Q4","start":"2023-10-01","end":"2023-12-31","fiscal":true,"ttm":true,"priceDate":"2023-12-29","values":{"gross_margin":67.10347943967466,"operating_margin":29.01039313149571,"net_margin":23.723452327157705,"ebitda_margin":34.70402169001356,"ocf_margin":40.53321283325802,"fcf_margin":31.5860822413014,"capex_intensity":8.94713059195662,"sbc_revenue":0.7681879801174876},"issues":{},"issueCodes":{"software_capex":"missing_inputs","eps":"missing_inputs"},"growthRates":{},"availableAfter":{}},{"period":"2023-Q3","start":"2023-07-01","end":"2023-09-30","fiscal":true,"ttm":true,"priceDate":"2023-09-29","values":{"gross_margin":70.3393770339377,"operating_margin":33.61227336122734,"net_margin":27.708042770804276,"ebitda_margin":39.377033937703395,"ocf_margin":33.65876336587634,"fcf_margin":26.917712691771268,"capex_intensity":6.741050674105067,"sbc_revenue":0.7903300790330079},"issues":{},"issueCodes":{"software_capex":"missing_inputs"},"growthRates":{},"availableAfter":{}},{"period":"2023-Q2","start":"2023-04-01","end":"2023-06-30","fiscal":true,"ttm":true,"priceDate":"2023-06-30","values":{"gross_margin":72.1559633027523,"operating_margin":35.22935779816514,"net_margin":30.779816513761464,"ebitda_margin":40.77981651376147,"ocf_margin":8.394495412844037,"fcf_margin":0.7798165137614679,"capex_intensity":7.614678899082569,"sbc_revenue":0.7798165137614679},"issues":{},"issueCodes":{"pfcf_growth":"nonpositive_denominator","software_capex":"missing_inputs"},"growthRates":{},"availableAfter":{}},{"period":"2023-Q1","start":"2023-01-01","end":"2023-03-31","fiscal":true,"ttm":true,"priceDate":"2023-03-31","values":{"gross_margin":70.6,"operating_margin":32.2,"net_margin":27.6,"ebitda_margin":38.2,"ocf_margin":27.450000000000003,"fcf_margin":16.3,"capex_intensity":11.15,"sbc_revenue":0.44999999999999996},"issues":{},"issueCodes":{"pfcf_growth":"nonpositive_denominator","software_capex":"missing_inputs"},"growthRates":{},"availableAfter":{}},{"period":"2022-Q4","start":"2022-10-01","end":"2022-12-31","fiscal":true,"ttm":true,"priceDate":"2022-12-30","values":{"gross_margin":67.99019607843138,"operating_margin":30.686274509803923,"net_margin":22.598039215686274,"ebitda_margin":36.51960784313725,"ocf_margin":36.3235294117647,"fcf_margin":27.941176470588236,"capex_intensity":8.38235294117647,"sbc_revenue":0.7843137254901961},"issues":{},"issueCodes":{"pfcf_growth":"nonpositive_denominator","software_capex":"missing_inputs","eps":"missing_inputs"},"growthRates":{},"availableAfter":{}},{"period":"2022-Q3","start":"2022-07-01","end":"2022-09-30","fiscal":true,"ttm":true,"priceDate":"2022-09-30","values":{"gross_margin":69.68031968031968,"operating_margin":33.166833166833165,"net_margin":26.42357642357642,"ebitda_margin":38.91108891108891,"ocf_margin":26.273726273726272,"fcf_margin":18.581418581418582,"capex_intensity":7.6923076923076925,"sbc_revenue":0.7492507492507493},"issues":{},"issueCodes":{"pfcf_growth":"nonpositive_denominator","software_capex":"missing_inputs"},"growthRates":{},"availableAfter":{}},{"period":"2022-Q2","start":"2022-04-01","end":"2022-06-30","fiscal":true,"ttm":true,"priceDate":"2022-06-30","values":{"gross_margin":69.54191033138402,"operating_margin":32.748538011695906,"net_margin":25.77972709551657,"ebitda_margin":38.45029239766082,"ocf_margin":16.374269005847953,"fcf_margin":9.25925925925926,"capex_intensity":7.115009746588694,"sbc_revenue":0.7309941520467835},"issues":{},"issueCodes":{"pfcf_growth":"nonpositive_denominator","software_capex":"missing_inputs"},"growthRates":{},"availableAfter":{}},{"period":"2022-Q1","start":"2022-01-01","end":"2022-03-31","fiscal":true,"ttm":true,"priceDate":"2022-03-31","values":{"gross_margin":71.34944612286002,"operating_margin":36.958710976837864,"net_margin":29.959718026183285,"ebitda_margin":42.69889224572004,"ocf_margin":15.55891238670695,"fcf_margin":9.768378650553878,"capex_intensity":5.790533736153072,"sbc_revenue":0.8056394763343404},"issues":{},"issueCodes":{"pfcf_growth":"nonpositive_denominator","software_capex":"missing_inputs"},"growthRates":{},"availableAfter":{}},{"period":"2021-Q4","start":"2021-10-01","end":"2021-12-31","fiscal":true,"ttm":true,"priceDate":"2021-12-31","values":{"gross_margin":69.49669547534316,"operating_margin":27.351296390442297,"net_margin":21.047280122013216,"ebitda_margin":33.29944077275038,"ocf_margin":34.519572953736656,"fcf_margin":25.97864768683274,"capex_intensity":8.540925266903916,"sbc_revenue":0.7117437722419928},"issues":{},"issueCodes":{"software_capex":"missing_inputs","eps":"missing_inputs"},"growthRates":{},"availableAfter":{}},{"period":"2021-Q3","start":"2021-07-01","end":"2021-09-30","fiscal":true,"ttm":true,"priceDate":"2021-09-30","values":{"gross_margin":70.55276381909547,"operating_margin":33.31658291457286,"net_margin":27.738693467336685,"ebitda_margin":38.84422110552764,"ocf_margin":32.814070351758794,"fcf_margin":26.834170854271356,"capex_intensity":5.979899497487437,"sbc_revenue":0.7537688442211055},"issues":{},"issueCodes":{"software_capex":"missing_inputs"},"growthRates":{},"availableAfter":{}},{"period":"2021-Q2","start":"2021-04-01","end":"2021-06-30","fiscal":true,"ttm":true,"priceDate":"2021-06-30","values":{"gross_margin":70.84188911704312,"operating_margin":33.162217659137575,"net_margin":26.283367556468175,"ebitda_margin":38.91170431211499,"ocf_margin":24.69199178644764,"fcf_margin":18.8911704312115,"capex_intensity":5.800821355236139,"sbc_revenue":0.8213552361396305},"issues":{},"issueCodes":{"software_capex":"missing_inputs"},"growthRates":{},"availableAfter":{}},{"period":"2021-Q1","start":"2021-01-01","end":"2021-03-31","fiscal":true,"ttm":true,"priceDate":"2021-03-31","values":{"gross_margin":70.6574024585783,"operating_margin":36.825227151256016,"net_margin":29.877071084981292,"ebitda_margin":42.650988776055584,"ocf_margin":21.378941742383752,"fcf_margin":17.26349545697488,"capex_intensity":4.115446285408872,"sbc_revenue":0.694815606627472},"issues":{},"issueCodes":{"software_capex":"missing_inputs","roe":"missing_inputs"},"growthRates":{},"availableAfter":{}},{"period":"2020-Q4","start":"2020-10-01","end":"2020-12-31","fiscal":true,"ttm":true,"priceDate":"2020-12-31","values":{"gross_margin":66.7404537908135,"operating_margin":25.01383508577753,"net_margin":19.867183176535693,"ebitda_margin":31.045932484781407,"ocf_margin":39.73436635307139,"fcf_margin":31.322634200332043,"capex_intensity":8.411732152739347,"sbc_revenue":0.7194244604316548},"issues":{},"issueCodes":{"software_capex":"missing_inputs","eps":"missing_inputs"},"growthRates":{},"availableAfter":{}},{"period":"2020-Q3","start":"2020-07-01","end":"2020-09-30","fiscal":true,"ttm":true,"priceDate":"2020-09-30","values":{"gross_margin":69.42889137737961,"operating_margin":33.42665173572229,"net_margin":26.819708846584543,"ebitda_margin":39.641657334826434,"ocf_margin":31.46696528555431,"fcf_margin":24.916013437849944,"capex_intensity":6.550951847704367,"sbc_revenue":0.7838745800671892},"issues":{},"issueCodes":{"software_capex":"missing_inputs","roic":"missing_inputs","roiic":"missing_inputs","roe":"missing_inputs","roic_wacc":"missing_inputs"},"growthRates":{},"availableAfter":{}},{"period":"2020-Q2","start":"2020-04-01","end":"2020-06-30","fiscal":true,"ttm":true,"priceDate":"2020-06-30","values":{"gross_margin":70.8656330749354,"operating_margin":31.45994832041344,"net_margin":24.354005167958658,"ebitda_margin":38.63049095607235,"ocf_margin":28.294573643410853,"fcf_margin":22.48062015503876,"capex_intensity":5.813953488372093,"sbc_revenue":1.03359173126615},"issues":{},"issueCodes":{"software_capex":"missing_inputs","roic":"missing_inputs","roiic":"missing_inputs","roe":"missing_inputs","roic_wacc":"missing_inputs"},"growthRates":{},"availableAfter":{}},{"period":"2020-Q1","start":"2020-01-01","end":"2020-03-31","fiscal":true,"ttm":true,"priceDate":"2020-03-31","values":{"gross_margin":70.07822685788787,"operating_margin":31.095176010430247,"net_margin":27.57496740547588,"ebitda_margin":38.26597131681878,"ocf_margin":26.597131681877446,"fcf_margin":20.469361147327252,"capex_intensity":6.127770534550195,"sbc_revenue":1.0430247718383312},"issues":{},"issueCodes":{"pfcf_growth":"nonpositive_denominator","pb":"missing_inputs","software_capex":"missing_inputs","roic":"missing_inputs","roiic":"missing_inputs","roe":"missing_inputs","roic_wacc":"missing_inputs"},"growthRates":{},"availableAfter":{}},{"period":"2019-Q4","start":"2019-10-01","end":"2019-12-31","fiscal":true,"ttm":true,"priceDate":"2019-12-31","values":{"gross_margin":68.33930704898447,"operating_margin":25.448028673835125,"net_margin":22.939068100358423,"ebitda_margin":31.95937873357228,"ocf_margin":34.76702508960574,"fcf_margin":24.850657108721624,"capex_intensity":9.91636798088411,"sbc_revenue":0.955794504181601},"issues":{},"issueCodes":{"pfcf_growth":"nonpositive_denominator","software_capex":"missing_inputs"},"growthRates":{},"availableAfter":{}},{"period":"2019-Q3","start":"2019-07-01","end":"2019-09-30","fiscal":true,"ttm":true,"priceDate":"2019-09-30","values":{"gross_margin":69.76010101010101,"operating_margin":31.691919191919194,"net_margin":27.335858585858585,"ebitda_margin":38.446969696969695,"ocf_margin":31.944444444444443,"fcf_margin":23.863636363636363,"capex_intensity":8.080808080808081,"sbc_revenue":1.0101010101010102},"issues":{},"issueCodes":{"pfcf_growth":"nonpositive_denominator","pb":"missing_inputs","ev_sales":"missing_inputs","ev_ebitda":"missing_inputs","software_capex":"missing_inputs","roic":"missing_inputs","roiic":"missing_inputs","roe":"missing_inputs","roic_wacc":"missing_inputs","debt":"missing_inputs","net_debt":"missing_inputs","debt_equity":"missing_inputs","debt_assets":"missing_inputs","net_debt_ebitda":"missing_inputs","debt_fcf":"missing_inputs"},"growthRates":{},"availableAfter":{}},{"period":"2019-Q2","start":"2019-04-01","end":"2019-06-30","fiscal":true,"ttm":true,"priceDate":"2019-06-28","values":{"gross_margin":69.94182288299935,"operating_margin":29.02391725921138,"net_margin":23.981900452488688,"ebitda_margin":35.358758888170655,"ocf_margin":20.55591467356173,"fcf_margin":13.89786683904331,"capex_intensity":6.658047834518423,"sbc_revenue":1.098901098901099},"issues":{},"issueCodes":{"pb":"missing_inputs","ev_sales":"missing_inputs","ev_ebitda":"missing_inputs","software_capex":"missing_inputs","roic":"missing_inputs","roiic":"missing_inputs","roe":"missing_inputs","roic_wacc":"missing_inputs","debt":"missing_inputs","net_debt":"missing_inputs","debt_equity":"missing_inputs","debt_assets":"missing_inputs","net_debt_ebitda":"missing_inputs","debt_fcf":"missing_inputs"},"growthRates":{},"availableAfter":{}},{"period":"2019-Q1","start":"2019-01-01","end":"2019-03-31","fiscal":true,"ttm":true,"priceDate":"2019-03-29","values":{"gross_margin":64.39862542955326,"operating_margin":25.2233676975945,"net_margin":21.443298969072163,"ebitda_margin":31.958762886597935,"ocf_margin":26.735395189003437,"fcf_margin":22.405498281786944,"capex_intensity":4.329896907216495,"sbc_revenue":1.2371134020618557},"issues":{},"issueCodes":{"pb":"missing_inputs","ev_sales":"missing_inputs","ev_ebitda":"missing_inputs","software_capex":"missing_inputs","roic":"missing_inputs","roiic":"missing_inputs","roe":"missing_inputs","roic_wacc":"missing_inputs","debt":"missing_inputs","net_debt":"missing_inputs","debt_equity":"missing_inputs","debt_assets":"missing_inputs","net_debt_ebitda":"missing_inputs","debt_fcf":"missing_inputs"},"growthRates":{},"availableAfter":{}},{"period":"2018-Q4","start":"2018-10-01","end":"2018-12-31","fiscal":true,"ttm":true,"priceDate":"2018-12-31","values":{"gross_margin":65.21739130434783,"operating_margin":23.209718670076725,"net_margin":22.058823529411764,"ebitda_margin":29.66751918158568,"ocf_margin":37.34015345268542,"fcf_margin":28.516624040920718,"capex_intensity":8.823529411764707,"sbc_revenue":1.0869565217391304},"issues":{},"issueCodes":{"software_capex":"missing_inputs"},"growthRates":{},"availableAfter":{}},{"period":"2018-Q3","start":"2018-07-01","end":"2018-09-30","fiscal":true,"ttm":true,"priceDate":"2018-09-28","values":{"gross_margin":68.04054054054053,"operating_margin":26.959459459459463,"net_margin":23.445945945945944,"ebitda_margin":32.63513513513514,"ocf_margin":37.16216216216216,"fcf_margin":32.16216216216216,"capex_intensity":5,"sbc_revenue":0.945945945945946},"issues":{},"issueCodes":{"ev_sales":"missing_inputs","ev_ebitda":"missing_inputs","software_capex":"missing_inputs","roic":"missing_inputs","roiic":"missing_inputs","roic_wacc":"missing_inputs","debt":"missing_inputs","net_debt":"missing_inputs","debt_equity":"missing_inputs","debt_assets":"missing_inputs","net_debt_ebitda":"missing_inputs","debt_fcf":"missing_inputs"},"growthRates":{},"availableAfter":{}},{"period":"2018-Q2","start":"2018-04-01","end":"2018-06-30","fiscal":true,"ttm":true,"priceDate":"2018-06-29","values":{"gross_margin":68.40989399293285,"operating_margin":30.600706713780916,"net_margin":27.13780918727915,"ebitda_margin":35.053003533568905,"ocf_margin":18.869257950530034,"fcf_margin":13.710247349823321,"capex_intensity":5.159010600706713,"sbc_revenue":0.7773851590106008},"issues":{},"issueCodes":{"ev_sales":"missing_inputs","ev_ebitda":"missing_inputs","software_capex":"missing_inputs","roic":"missing_inputs","roiic":"missing_inputs","roic_wacc":"missing_inputs","debt":"missing_inputs","net_debt":"missing_inputs","debt_equity":"missing_inputs","debt_assets":"missing_inputs","net_debt_ebitda":"missing_inputs","debt_fcf":"missing_inputs"},"growthRates":{},"availableAfter":{}},{"period":"2018-Q1","start":"2018-01-01","end":"2018-03-31","fiscal":true,"ttm":true,"priceDate":"2018-03-29","values":{"gross_margin":67.27672035139092,"operating_margin":30.161054172767205,"net_margin":25.76866764275256,"ebitda_margin":34.55344070278185,"ocf_margin":28.47730600292826,"fcf_margin":24.597364568081993,"capex_intensity":3.8799414348462666,"sbc_revenue":0.8052708638360175},"issues":{},"issueCodes":{"ev_sales":"missing_inputs","ev_ebitda":"missing_inputs","software_capex":"missing_inputs","roic":"missing_inputs","roiic":"missing_inputs","roic_wacc":"missing_inputs","debt":"missing_inputs","net_debt":"missing_inputs","debt_equity":"missing_inputs","debt_assets":"missing_inputs","net_debt_ebitda":"missing_inputs","debt_fcf":"missing_inputs"},"growthRates":{},"availableAfter":{}},{"period":"2017-Q4","start":"2017-10-02","end":"2017-12-31","fiscal":true,"ttm":true,"priceDate":"2017-12-29","values":{"gross_margin":68.69863013698631,"operating_margin":30.616438356164384,"net_margin":5.5479452054794525,"ebitda_margin":34.93150684931507,"ocf_margin":41.64383561643836,"fcf_margin":35.95890410958904,"capex_intensity":5.684931506849315,"sbc_revenue":0.7534246575342466},"issues":{},"issueCodes":{"software_capex":"missing_inputs","roiic":"capital_not_increased"},"growthRates":{},"availableAfter":{}},{"period":"2017-Q3","start":"2017-07-03","end":"2017-10-01","fiscal":true,"ttm":true,"priceDate":"2017-09-29","values":{"gross_margin":67.70601336302894,"operating_margin":30.734966592427615,"net_margin":22.12323682256867,"ebitda_margin":35.04083147735709,"ocf_margin":32.5909428359317,"fcf_margin":29.02746844840386,"capex_intensity":3.5634743875278394,"sbc_revenue":0.8166295471417966},"issues":{},"issueCodes":{"software_capex":"missing_inputs"},"growthRates":{},"availableAfter":{}},{"period":"2017-Q2","start":"2017-04-03","end":"2017-07-02","fiscal":true,"ttm":true,"priceDate":"2017-06-30","values":{"gross_margin":65.3270291568164,"operating_margin":27.02915681639086,"net_margin":19.46414499605989,"ebitda_margin":31.678486997635936,"ocf_margin":14.184397163120568,"fcf_margin":10.16548463356974,"capex_intensity":4.0189125295508275,"sbc_revenue":0.8668242710795903},"issues":{},"issueCodes":{"software_capex":"missing_inputs"},"growthRates":{},"availableAfter":{}},{"period":"2017-Q1","start":"2017-01-01","end":"2017-04-02","fiscal":true,"ttm":true,"priceDate":"2017-03-31","values":{"gross_margin":64.01299756295694,"operating_margin":26.563769293257515,"net_margin":19.33387489845654,"ebitda_margin":31.600324939073925,"ocf_margin":9.66693744922827,"fcf_margin":6.255077173030058,"capex_intensity":3.4118602761982126,"sbc_revenue":0.8935824532900082},"issues":{},"issueCodes":{"software_capex":"missing_inputs"},"growthRates":{},"availableAfter":{}},{"period":"2016-Q4","start":"2016-10-03","end":"2016-12-31","fiscal":true,"ttm":true,"priceDate":"2016-12-30","values":{"gross_margin":63.35160532498042,"operating_margin":20.203602192638996,"net_margin":12.059514487079092,"ebitda_margin":25.137039937353173,"ocf_margin":22.396241190289743,"fcf_margin":17.69772905246672,"capex_intensity":4.698512137823023,"sbc_revenue":0.7047768206734534},"issues":{},"issueCodes":{"software_capex":"missing_inputs"},"growthRates":{},"availableAfter":{}},{"period":"2016-Q3","start":"2016-07-04","end":"2016-10-02","fiscal":true,"ttm":true,"priceDate":"2016-09-30","values":{"gross_margin":66.9621273166801,"operating_margin":26.591458501208702,"net_margin":19.258662369057213,"ebitda_margin":31.4262691377921,"ocf_margin":19.258662369057213,"fcf_margin":14.665592264302981,"capex_intensity":4.593070104754231,"sbc_revenue":0.7252215954875101},"issues":{},"issueCodes":{"pfcf_growth":"nonpositive_denominator","software_capex":"missing_inputs"},"growthRates":{},"availableAfter":{}},{"period":"2016-Q2","start":"2016-04-04","end":"2016-07-03","fiscal":true,"ttm":true,"priceDate":"2016-07-01","values":{"gross_margin":66.97019867549669,"operating_margin":27.81456953642384,"net_margin":18.543046357615893,"ebitda_margin":32.78145695364238,"ocf_margin":11.341059602649006,"fcf_margin":6.870860927152318,"capex_intensity":4.470198675496689,"sbc_revenue":0.8278145695364238},"issues":{},"issueCodes":{"pfcf_growth":"nonpositive_denominator","software_capex":"missing_inputs"},"growthRates":{},"availableAfter":{}},{"period":"2016-Q1","start":"2016-01-01","end":"2016-04-03","fiscal":true,"ttm":true,"priceDate":"2016-04-01","values":{"gross_margin":66.52323580034424,"operating_margin":25.989672977624785,"net_margin":17.555938037865747,"ebitda_margin":30.89500860585198,"ocf_margin":4.388984509466437,"fcf_margin":0.5163511187607573,"capex_intensity":3.87263339070568,"sbc_revenue":0.774526678141136},"issues":{},"issueCodes":{"peg":"nonpositive_denominator","pfcf_growth":"nonpositive_denominator","software_capex":"missing_inputs"},"growthRates":{},"availableAfter":{}},{"period":"2015-Q4","start":"2015-09-28","end":"2015-12-31","fiscal":true,"ttm":true,"priceDate":"2015-12-31","values":{"gross_margin":61.06750392464678,"operating_margin":11.773940345368917,"net_margin":1.726844583987441,"ebitda_margin":16.09105180533752,"ocf_margin":21.821036106750395,"fcf_margin":15.463108320251179,"capex_intensity":6.357927786499215,"sbc_revenue":0.9419152276295133},"issues":{},"issueCodes":{"peg":"nonpositive_denominator","pfcf_growth":"nonpositive_denominator","software_capex":"missing_inputs"},"growthRates":{},"availableAfter":{}},{"period":"2015-Q3","start":"2015-06-29","end":"2015-09-27","fiscal":true,"ttm":true,"priceDate":"2015-09-25","values":{"gross_margin":65.32125205930808,"operating_margin":22.322899505766063,"net_margin":15.56836902800659,"ebitda_margin":26.112026359143325,"ocf_margin":16.80395387149918,"fcf_margin":12.520593080724876,"capex_intensity":4.2833607907743,"sbc_revenue":0.8237232289950577},"issues":{},"issueCodes":{"peg":"nonpositive_denominator","software_capex":"missing_inputs","roiic":"capital_not_increased"},"growthRates":{},"availableAfter":{}},{"period":"2015-Q2","start":"2015-03-30","end":"2015-06-28","fiscal":true,"ttm":true,"priceDate":"2015-06-26","values":{"gross_margin":63.65957446808511,"operating_margin":-2.127659574468085,"net_margin":-3.148936170212766,"ebitda_margin":2.127659574468085,"ocf_margin":10.382978723404255,"fcf_margin":6.468085106382978,"capex_intensity":3.9148936170212765,"sbc_revenue":0.9361702127659575},"issues":{},"issueCodes":{"peg":"nonpositive_denominator","software_capex":"missing_inputs","roiic":"capital_not_increased"},"growthRates":{},"availableAfter":{}},{"period":"2015-Q1","start":"2015-01-01","end":"2015-03-29","fiscal":true,"ttm":true,"priceDate":"2015-03-27","values":{"gross_margin":64.24682395644284,"operating_margin":20.87114337568058,"net_margin":14.972776769509982,"ebitda_margin":25.226860254083483,"ocf_margin":5.44464609800363,"fcf_margin":1.3611615245009074,"capex_intensity":4.083484573502722,"sbc_revenue":0.9074410163339384},"issues":{},"issueCodes":{"software_capex":"missing_inputs","roiic":"capital_not_increased"},"growthRates":{},"availableAfter":{}},{"period":"2014-Q4","start":"2014-09-29","end":"2014-12-31","fiscal":true,"ttm":true,"priceDate":"2014-12-31","values":{"gross_margin":62.803030303030305,"operating_margin":11.287878787878789,"net_margin":9.545454545454547,"ebitda_margin":15.303030303030301,"ocf_margin":29.318181818181817,"fcf_margin":25.454545454545453,"capex_intensity":3.8636363636363633,"sbc_revenue":0.7575757575757576},"issues":{},"issueCodes":{"pfcf_growth":"nonpositive_denominator","software_capex":"missing_inputs"},"growthRates":{},"availableAfter":{}},{"period":"2014-Q3","start":"2014-06-30","end":"2014-09-28","fiscal":true,"ttm":true,"priceDate":"2014-09-26","values":{"gross_margin":64.13223140495867,"operating_margin":20,"net_margin":13.71900826446281,"ebitda_margin":24.132231404958677,"ocf_margin":8.512396694214877,"fcf_margin":5.041322314049586,"capex_intensity":3.4710743801652892,"sbc_revenue":0.743801652892562},"issues":{},"issueCodes":{"peg":"missing_inputs","pfcf_growth":"missing_inputs","software_capex":"missing_inputs","roiic":"missing_inputs"},"growthRates":{},"availableAfter":{}},{"period":"2014-Q2","start":"2014-03-31","end":"2014-06-29","fiscal":true,"ttm":true,"priceDate":"2014-06-27","values":{"gross_margin":64.33506044905009,"operating_margin":17.962003454231436,"net_margin":11.744386873920552,"ebitda_margin":22.36614853195164,"ocf_margin":13.730569948186528,"fcf_margin":10.103626943005182,"capex_intensity":3.6269430051813467,"sbc_revenue":0.690846286701209},"issues":{},"issueCodes":{"peg":"missing_inputs","pfcf_growth":"missing_inputs","software_capex":"missing_inputs","roiic":"missing_inputs"},"growthRates":{},"availableAfter":{}},{"period":"2014-Q1","start":"2014-01-01","end":"2014-03-30","fiscal":true,"ttm":true,"priceDate":"2014-03-28","values":{"gross_margin":65.45123062898814,"operating_margin":20.783956244302644,"net_margin":14.129443938012761,"ebitda_margin":25.341841385597082,"ocf_margin":-2.096627164995442,"fcf_margin":-6.198723792160438,"capex_intensity":4.102096627164995,"sbc_revenue":0.4557885141294439},"issues":{},"issueCodes":{"peg":"missing_inputs","pfcf_growth":"missing_inputs","software_capex":"missing_inputs","sbc_fcf":"nonpositive_denominator","sbc_ocf":"nonpositive_denominator","roiic":"missing_inputs"},"growthRates":{},"availableAfter":{}},{"period":"2013-Q4","start":"2013-09-30","end":"2013-12-31","fiscal":true,"ttm":true,"priceDate":"2013-12-31","values":{"gross_margin":62.83891547049441,"operating_margin":10.207336523125997,"net_margin":8.373205741626794,"ebitda_margin":14.832535885167463,"ocf_margin":23.76395534290271,"fcf_margin":19.85645933014354,"capex_intensity":3.9074960127591707,"sbc_revenue":0.4784688995215311},"issues":{},"issueCodes":{"peg":"missing_comparison","pfcf_growth":"missing_comparison","software_capex":"missing_inputs","roic":"missing_comparison","roce":"missing_comparison","roiic":"missing_comparison","roe":"missing_comparison","roa":"missing_comparison","roic_wacc":"missing_comparison","dilution":"missing_comparison","buybacks":"missing_inputs"},"growthRates":{},"availableAfter":{}},{"period":"2013-Q3","start":"2013-07-01","end":"2013-09-29","fiscal":true,"ttm":false,"priceDate":"2013-09-27","values":{"gross_margin":65.09519492293744,"operating_margin":16.228467815049864,"net_margin":11.87669990933817,"ebitda_margin":20.670897552130555,"ocf_margin":10.335448776065277,"fcf_margin":5.349048050770626,"capex_intensity":4.986400725294652,"sbc_revenue":0.543970988213962},"issues":{},"issueCodes":{"pe":"incomplete_ttm","peg":"incomplete_ttm","ps":"incomplete_ttm","pfcf":"incomplete_ttm","pfcf_growth":"incomplete_ttm","pocf":"incomplete_ttm","fcf_yield":"incomplete_ttm","earnings_yield":"incomplete_ttm","ev_sales":"incomplete_ttm","ev_ebitda":"incomplete_ttm","software_capex":"missing_inputs","roic":"incomplete_ttm","roce":"incomplete_ttm","roiic":"incomplete_ttm","roe":"incomplete_ttm","roa":"incomplete_ttm","roic_wacc":"incomplete_ttm","net_debt_ebitda":"incomplete_ttm","debt_fcf":"incomplete_ttm","interest_coverage":"incomplete_ttm","dilution":"missing_comparison","buybacks":"missing_inputs"},"growthRates":{},"availableAfter":{}},{"period":"2013-Q2","start":"2013-04-01","end":"2013-06-30","fiscal":true,"ttm":false,"priceDate":"2013-06-28","values":{"gross_margin":62.65709156193896,"operating_margin":15.888689407540395,"net_margin":11.490125673249551,"ebitda_margin":20.46678635547576,"ocf_margin":-1.0771992818671454,"fcf_margin":-6.283662477558348,"capex_intensity":5.206463195691203,"sbc_revenue":1.7953321364452424},"issues":{},"issueCodes":{"pe":"incomplete_ttm","peg":"incomplete_ttm","ps":"incomplete_ttm","pfcf":"incomplete_ttm","pfcf_growth":"incomplete_ttm","pocf":"incomplete_ttm","fcf_yield":"incomplete_ttm","earnings_yield":"incomplete_ttm","ev_sales":"incomplete_ttm","ev_ebitda":"incomplete_ttm","software_capex":"missing_inputs","sbc_fcf":"nonpositive_denominator","sbc_ocf":"nonpositive_denominator","roic":"incomplete_ttm","roce":"incomplete_ttm","roiic":"incomplete_ttm","roe":"incomplete_ttm","roa":"incomplete_ttm","roic_wacc":"incomplete_ttm","net_debt_ebitda":"incomplete_ttm","debt_fcf":"incomplete_ttm","interest_coverage":"incomplete_ttm","dilution":"missing_comparison","buybacks":"missing_inputs"},"growthRates":{},"availableAfter":{}},{"period":"2013-Q1","start":"2013-01-01","end":"2013-03-31","fiscal":true,"ttm":false,"priceDate":"2013-03-28","values":{"gross_margin":63.11926605504588,"operating_margin":18.073394495412845,"net_margin":12.844036697247708,"ebitda_margin":22.752293577981654,"ocf_margin":25.779816513761467,"fcf_margin":23.761467889908257,"capex_intensity":2.0183486238532113,"sbc_revenue":1.0091743119266057},"issues":{},"issueCodes":{"pe":"incomplete_ttm","peg":"incomplete_ttm","ps":"incomplete_ttm","pfcf":"incomplete_ttm","pfcf_growth":"incomplete_ttm","pocf":"incomplete_ttm","fcf_yield":"incomplete_ttm","earnings_yield":"incomplete_ttm","ev_sales":"incomplete_ttm","ev_ebitda":"incomplete_ttm","software_capex":"missing_inputs","roic":"incomplete_ttm","roce":"incomplete_ttm","roiic":"incomplete_ttm","roe":"incomplete_ttm","roa":"incomplete_ttm","roic_wacc":"incomplete_ttm","net_debt_ebitda":"incomplete_ttm","debt_fcf":"incomplete_ttm","interest_coverage":"incomplete_ttm","dilution":"missing_comparison","buybacks":"missing_inputs"},"growthRates":{},"availableAfter":{}}],"pagination":{"total":54,"limit":200,"offset":0,"order":"newest_first","nextOffset":null},"coverage":{"from":"2013-03-31","through":"2026-06-30","dailyValuation":false},"sources":[{"url":"https://data.sec.gov/api/xbrl/companyfacts/CIK0001555280.json","retrievedAt":"2026-09-28T07:37:41.538Z","sha256":"b07a62edd0c62eecc2fb932a17063b7f406b6355ca6ec9a658407a39c1b87445","cik":"0001555280","id":"sec-0001555280-b07a62edd0c6"},{"sha256":"f1cf6cec6b9d813f32bbe4cc6d5250ae4dcd20677cc0087be49c33063dd813a8","retrievedAt":"2026-09-28T16:17:22.258Z","url":"https://www.sec.gov/Archives/edgar/data/1555280/000155528026000011/zts-20251231.htm","cik":"0001555280","id":"inline-0001555280-f1cf6cec6b9d","kind":"inline-xbrl"}],"pendingFiling":null,"market":{"currency":"USD","url":"https://query1.finance.yahoo.com/v8/finance/chart/ZTS?interval=1d&period1=946684800&period2=1790581061&events=splits","source":"Yahoo Finance","retrievedAt":"2026-09-28T07:37:41.538Z","sha256":"c4fca29fd0efbd80fe4bcfaf1949baf1f1696a1e5ad77da33ebb1ce7c845619c","latest":{"date":"2026-09-25","close":71.05000305175781}},"rawDataPath":"/api/v2/financials/zts","notes":["Null means an unavailable input or undefined calculation, never zero. Values are unrounded; money and shares are in millions unless a column states otherwise.","Fiscal periods use actual reporting start/end dates. Annual reported values are not constructed by adding quarterly EPS or weighted share counts. Partial years are labelled.","FCF uses operating cash flow minus reported cash capital investment, preferring PPE purchases. The productive-assets fallback can also include software and intangibles. Acquisitions and noncash leases are excluded. Deduct SBC is an optional economic-cost scenario; missing SBC remains unavailable.","SBC / FCF and SBC / OCF compare amounts from the same fiscal period. SBC / FCF always uses FCF before SBC deduction; nonpositive denominators are undefined and values above 100% remain valid.","Capital allocation percentages describe available tracked cash uses, not all company spending or a fraction of OCF. Missing categories remain null, negative payments are excluded and SBC is noncash. Annual shares use reported annual amounts.","Valuation uses completed, split-adjusted closes without dividend adjustment and a complete trailing year. Financial bases become eligible after publication; selected facts can contain later restatements. This is not a vintage-filings backtest.","Mean and median use all valid observations in the selected date range before pagination. Historical pricing labels compare the latest positive value with its own median and do not estimate intrinsic fair value.","Reporting currencies are retained without conversion. USD market capitalization, where available, is a separate dated Nasdaq snapshot.","WACC is an editable US industry scenario across history, not a historical company cost of capital. Industry exclusions, missing inputs and pending filings remain explicit."],"source":"database","lastValidatedAt":"2026-10-18T16:48:35.628Z","lastCheckedAt":"2026-10-18T16:48:35.628Z"}