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Zoetis Valuation Multiples

Discover revenue and EBITDA valuation multiples for Zoetis and similar public comparables like UCB, Jiangsu Hengrui Pharma, Takeda Pharmaceuticals, CSL and more.

Zoetis Overview

About Zoetis

Zoetis sells anti-infectives, vaccines, parasiticides, diagnostics, and other health products for animals. The firm earns roughly 35% of total revenue from production animals (cattle, pigs, poultry, and so on) and nearly 65% from companion animal (dogs, horses, cats) products. Its USA business is skewed even more heavily toward companion animals, while its international business is slightly skewed toward production animals. The firm has the largest market share in the industry and was previously Pfizer's animal health unit.


Founded

2012

HQ

United States

Employees

14.5K

Website

zoetis.com

Financials (LTM)

Revenue: $10B
EBITDA: $4B

EV

$61B

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Zoetis Financials

Zoetis reported last 12-month revenue of $10B and EBITDA of $4B.

In the same LTM period, Zoetis generated $7B in gross profit, $4B in EBITDA, and $3B in net income.

Revenue (LTM)


Zoetis P&L

In the most recent fiscal year, Zoetis reported revenue of $9B and EBITDA of $4B.

Zoetis expects next 12-month revenue of XXX and NTM EBITDA of XXX

See Zoetis forward-looking valuation multiples
LTMNTMLast FYFY 2026FY 2027FY 2028
Revenue$10BXXX$9BXXXXXXXXX
Gross Profit$7BXXX$7BXXXXXXXXX
Gross Margin72%XXX72%XXXXXXXXX
EBITDA$4BXXX$4BXXXXXXXXX
EBITDA Margin44%XXX44%XXXXXXXXX
EBIT Margin39%XXX39%XXXXXXXXX
Net Profit$3BXXX$3BXXXXXXXXX
Net Margin30%XXX30%XXXXXXXXX
Net Debt——$7BXXXXXXXXX

Financial data powered by Morningstar, Inc.

Zoetis Stock Performance

Zoetis has current market cap of $54B, and enterprise value of $61B.

Market Cap Evolution


Zoetis' stock price is $128.96.

See Zoetis trading valuation data
EVMarket CapPrice 1DPrice 1MPrice 3MPrice 12MEPS
$61B$54B0.0%XXXXXXXXX$6.74

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Zoetis Valuation Multiples

Zoetis trades at 6.4x EV/Revenue multiple, and 14.7x EV/EBITDA.

See valuation multiples for Zoetis and 15K+ public comps

EV / Revenue (LTM)


Zoetis Financial Valuation Multiples

As of March 30, 2026, Zoetis has market cap of $54B and EV of $61B.

Equity research analysts estimate Zoetis' 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX

Zoetis has a P/E ratio of 18.9x.

LTMNTMLast FYFY 2026FY 2027FY 2028
Market cap (current)$54BXXX$54BXXXXXXXXX
EV (current)$61BXXX$61BXXXXXXXXX
EV/Revenue6.4xXXX6.5xXXXXXXXXX
EV/EBITDA14.7xXXX14.9xXXXXXXXXX
EV/EBIT16.2xXXX16.5xXXXXXXXXX
EV/Gross Profit8.9xXXX9.0xXXXXXXXXX
P/E18.9xXXX19.1xXXXXXXXXX
EV/FCF24.2xXXX24.8xXXXXXXXXX

Valuation data powered by FactSet, Inc. and Morningstar, Inc.

Verified Zoetis Valuation Multiples

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Zoetis Margins & Growth Rates

Zoetis' revenue in the last 12 month grew by 5%.

Zoetis' revenue per employee in the last FY averaged $0.7M, while opex per employee averaged $0.2M for the same period.

Zoetis' rule of 40 is 49% (metric relevant for SaaS companies only, counted as combined revenue growth rate and EBITDA margin).

Zoetis' rule of X is 56% (created by Bessemer, rule of X is another metric to measure SaaS companies, ~1.5x stronger vs. the traditional Rule of 40, counted as revenue growth rate multiplied by 2.5 plus EBITDA margin).

See operational valuation multiples for Zoetis and other 15K+ public comps

Zoetis Operational Valuation Multiples

LTMNTMLast FYFY 2026FY 2027FY 2028
Revenue Growth5%XXX5%XXXXXXXXX
EBITDA Margin44%XXX44%XXXXXXXXX
EBITDA Growth6%XXX6%XXXXXXXXX
Rule of 40—XXX49%XXXXXXXXX
Bessemer Rule of X—XXX56%XXXXXXXXX
Revenue per Employee—XXX$0.7MXXXXXXXXX
Opex per Employee—XXX$0.2MXXXXXXXXX
R&D Expenses to Revenue7%XXX7%XXXXXXXXX
Opex to Revenue—XXX34%XXXXXXXXX

Valuation data powered by FactSet, Inc. and Morningstar, Inc.

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Zoetis Public Comps

See public comps and valuation multiples for other Pet Care and Biopharmaceuticals comps.

EV/RevenueEV/EBITDA
LTM2026E2027ELTM2026E2027E
UCBXXXXXXXXXXXXXXXXXX
Jiangsu Hengrui PharmaXXXXXXXXXXXXXXXXXX
Takeda PharmaceuticalsXXXXXXXXXXXXXXXXXX
CSLXXXXXXXXXXXXXXXXXX
argenxXXXXXXXXXXXXXXXXXX
XXXXXXXXXXXXXXXXXXXXXXXXXX
XXXXXXXXXXXXXXXXXXXXXXXXXX

Valuation data powered by FactSet, Inc.

Zoetis M&A Activity

Zoetis acquired XXX companies to date.

Last acquisition by Zoetis was on XXXXXXXX, XXXXX. Zoetis acquired XXXXXXXX for XXX (EV/Revenue multiple of XXX).

See M&A valuation multiples

Latest Acquisitions by Zoetis

Acquired CompanyValuationEV/RevenueEV/EBITDA
XXXXXXXXXXXXXXXXXXXXX
XXXXXXXXXXXXXXXXXXXXX
XXXXXXXXXXXXXXXXXXXXX
XXXXXXXXXXXXXXXXXXXXX
XXXXXXXXXXXXXXXXXXXXX

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Zoetis Investment Activity

Zoetis invested in XXX companies to date.

Zoetis made its latest investment on XXXXXXXX, XXXXX. Zoetis invested in XXXXXXXX for XXX (EV/Revenue multiple of XXX).

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Latest Investments by Zoetis

CompanyValuationEV/RevenueEV/EBITDA
XXXXXXXXXXXXXXXXXXXXX
XXXXXXXXXXXXXXXXXXXXX
XXXXXXXXXXXXXXXXXXXXX
XXXXXXXXXXXXXXXXXXXXX
XXXXXXXXXXXXXXXXXXXXX

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About Zoetis

When was Zoetis founded?Zoetis was founded in 2012.
Where is Zoetis headquartered?Zoetis is headquartered in United States.
How many employees does Zoetis have?As of today, Zoetis has over 14K employees.
Who is the CEO of Zoetis?Zoetis' CEO is Kristin C. Peck.
Is Zoetis publicly listed?Yes, Zoetis is a public company listed on NYSE.
What is the stock symbol of Zoetis?Zoetis trades under ZTS ticker.
When did Zoetis go public?Zoetis went public in 2013.
Who are competitors of Zoetis?Zoetis main competitors are UCB, Jiangsu Hengrui Pharma, Takeda Pharmaceuticals, CSL.
What is the current market cap of Zoetis?Zoetis' current market cap is $54B.
What is the current revenue of Zoetis?Zoetis' last 12 months revenue is $10B.
What is the current revenue growth of Zoetis?Zoetis revenue growth (NTM/LTM) is 5%.
What is the current EV/Revenue multiple of Zoetis?Current revenue multiple of Zoetis is 6.4x.
Is Zoetis profitable?Yes, Zoetis is EBITDA-positive (as of the last 12 months).
What is the current EBITDA of Zoetis?Zoetis' last 12 months EBITDA is $4B.
What is Zoetis' EBITDA margin?Zoetis' last 12 months EBITDA margin is 44%.
What is the current EV/EBITDA multiple of Zoetis?Current EBITDA multiple of Zoetis is 14.7x.
What is the current FCF of Zoetis?Zoetis' last 12 months FCF is $3B.
What is Zoetis' FCF margin?Zoetis' last 12 months FCF margin is 26%.
What is the current EV/FCF multiple of Zoetis?Current FCF multiple of Zoetis is 24.2x.

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