Filing Flows › Zoetis (ZTS) › Q4 2025
Zoetis (ZTS) Q4 2025 earnings results (fourth quarter 2025)
10-K filed Feb 12, 2026
Zoetis (ZTS) reported revenue of $2.4B for the fourth quarter 2025 (Q4 2025), +2% from a year earlier and -2% from the quarter before. Operating margin was 33.2%, net earnings $624M (26.3% of revenue).
Zoetis, Q4 2025: revenue $2.4B (+2% year over year), operating margin 33.2%, net earnings $624M, operating cash flow $848M. The chart follows the revenue to costs, profit and cash.
| Q4 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $2.4B | -2% | +2% |
| Operating profit | $789M | -11% | +8% |
| Net earnings | $624M | -13% | +7% |
| Operating cash flow | $848M | -9% | -6% |
| Free cash flow | $689M | -14% | 0% |
What changed
Revenue was $2.4B in Q4 2025, up 2% year over year and down 2% from the previous quarter.
Operating profit was $0.79B, a 33.2% margin (up 1.7 points year over year). Of the extra revenue versus a year earlier, 102% reached operating profit, above the 32% margin then. Total costs fell 0% while revenue rose 2%. The fastest-growing cost line was Other operating costs (+40%). Net earnings were $0.62B, up 7% year over year. The effective tax rate was 20.9%.
Operating cash flow was $0.85B (down 6% year over year), 136% 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 added $0.08B. Capital expenditures of $0.16B left free cash flow of $0.69B.
Questions
What was Zoetis' revenue in the fourth quarter 2025?
Zoetis (ZTS) reported revenue of $2.4B for the fourth quarter 2025 (Q4 2025), +2% from a year earlier and -2% from the quarter before.
Was Zoetis profitable in the fourth quarter 2025?
Operating profit was $789M (33.2% of revenue) and net earnings $624M.
Source: Zoetis 10-K on SEC EDGAR.