Filing Flows › Zoetis (ZTS) › Q1 2025
Zoetis (ZTS) Q1 2025 earnings results (first quarter 2025)
10-Q filed May 6, 2025
Zoetis (ZTS) reported revenue of $2.2B for the first quarter 2025 (Q1 2025), +0.4% from a year earlier and -5% from the quarter before. Operating margin was 35.2%, net earnings $602M (27.4% of revenue).
Zoetis, Q1 2025: revenue $2.2B (+0.4% year over year), operating margin 35.2%, net earnings $602M, operating cash flow $587M. The chart follows the revenue to costs, profit and cash.
| Q1 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $2.2B | -5% | +0.4% |
| Operating profit | $773M | +6% | +3% |
| Net earnings | $602M | +4% | +0.5% |
| Operating cash flow | $587M | -35% | -1% |
| Free cash flow | $438M | -36% | -4% |
What changed
Revenue was $2.2B in Q1 2025, roughly flat year over year and down 5% from the previous quarter. Parasiticides was the largest line at 26% of revenue. Parasiticides added $0.06B year over year (up 12%), 725% of the total change. Poultry declined 24%.
Operating profit was $0.77B, a 35.2% margin (up 1.1 points year over year). Of the extra revenue versus a year earlier, 325% reached operating profit, above the 34% margin then. Total costs fell 1% while revenue was flat. Net earnings were $0.60B, up 1% year over year. The effective tax rate was 22.1%.
Operating cash flow was $0.59B (down 1% year over year), 98% of net earnings. Non-cash charges added back $0.12B of depreciation and amortization and $0.02B of share-based compensation. Working capital and other items used $0.15B. Capital expenditures of $0.15B left free cash flow of $0.44B.
Questions
What was Zoetis' revenue in the first quarter 2025?
Zoetis (ZTS) reported revenue of $2.2B for the first quarter 2025 (Q1 2025), +0.4% from a year earlier and -5% from the quarter before.
Was Zoetis profitable in the first quarter 2025?
Operating profit was $773M (35.2% of revenue) and net earnings $602M.
Source: Zoetis 10-Q on SEC EDGAR.