Zoetis (ZTS)
Develops medicines, vaccines, diagnostics and precision-health tools for pets and livestock.
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Develops and sells medicines, vaccines, diagnostics, genetic tests and precision-health tools for companion animals and livestock. Most revenue comes from companion-animal products, with sales organized across U.S. and International segments and a small group of parasiticide, dermatology and pain franchises accounting for a large share.
Develops, manufactures and sells animal medicines, vaccines, diagnostics, genetic tests and precision-health tools for pets and livestock. The portfolio spans parasiticides, vaccines, dermatology, anti-infectives, pain and sedation, other pharmaceuticals and animal health diagnostics. Companion-animal products generate most revenue, anchored by Simparica and Simparica Trio, Apoquel, Cytopoint and Librela, while livestock offerings include vaccines and ceftiofur antibiotics.
Operates through U.S. and International commercial segments, selling in more than 100 countries through direct veterinary and livestock-producer relationships plus distributors. Combines veterinary R&D, global manufacturing, technical sales and lifecycle development across its portfolio. Results depend on regulatory approvals, product safety and quality, reliable supply, veterinary visits and livestock conditions; a small group of top products and product lines generates roughly two-fifths of revenue.
Company facts
Target rangeAs of Sep 22, 2026
Latest analyst notes
| Date | Firm | Action | Prior | Current |
|---|---|---|---|---|
| Aug 25, 2026 | Cantor Fitzgerald | Target | Target: — | Target: $94 |
| Aug 20, 2026 | Stifel Nicolaus | Target | Target: $85 | Target: $80 |
| Aug 7, 2026 | Morgan Stanley | Target | Target: $99 | Target: $85 |
| Aug 6, 2026 | William Blair | Downgrade | ||
| Jul 27, 2026 | UBS | Reiterate | Rating: —Target: $99 | Target: $85 |
EPSReportedEstimate
RevenueReportedEstimate
Balance sheet, Jun 30, 2026Cash & short-term investments $1.68B · Total debt $9.24B · Total assets $15.08B · Shareholders' equity $3.15B
- Revenue
- $2.47B
- Operating income
- $937.0M
- Net income
- $691.0M
HistoryDividendAnnual yield
| Institutions | 97.10% | 401.26M shares | |
|---|---|---|---|
| 1,491 holders · as of Jun 30, 2026 | |||
| Insiders | 0.07% | 309.6K shares | |
| 21 holders · as of Aug 11, 2026 | |||
| Strategic holders | 9.76% | 40.32M shares | |
| 1 holder · as of Feb 3, 2022 | |||
| Adds to | 106.93% | ||
413.22M company shares as of Sep 23, 2026 · institutions as of Jun 30, 2026 · holders as of their latest filing
These groups come from separate filings that can overlap, so they add to 106.93%; nothing is left for Other.
Top shareholders13F · 13D/G · Form 4
| Holder | Stake | Shares | Date |
|---|---|---|---|
BlackRock, Inc.Strategic | 9.76% | 40.32M | filed Feb 3, 2022 |
BlackRock, Inc.Institution | 9.54% | 39.43M | as of Jun 30, 2026 |
Vanguard Capital Management LLCInstitution | 6.30% | 26.03M | as of Jun 30, 2026 |
Vanguard Portfolio Management LLCInstitution | 5.77% | 23.86M | as of Jun 30, 2026 |
State Street CorpInstitution | 4.76% | 19.67M | as of Jun 30, 2026 |
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| May 13, 2026 | Paul Bisaro | director | +2,000 | $75.88 |
| May 13, 2026 | Frank A. Damelio | director | +6,650 | $75.39 |
| May 11, 2026 | Michael B. Mccallister | director | +3,000 | $77.76 |
| Feb 17, 2026 | Kristin C. Peck | director, officer: Chief Executive Officer | −20,000 | $127.05 |
- Merck
Second-largest animal health business globally; Bravecto leads parasiticides.
- Elanco Animal Health
Full-portfolio rival in parasiticides, dermatology, pain, and vaccines.
- IDEXX Laboratories
Vet diagnostics leader; in-clinic analyzers and reference labs vs Zoetis.
- Phibro Animal Health
Acquired Zoetis MFA portfolio (400M rev) to become a feed additive rival.
Compare
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| Zoetis | $71.71 | −1.63% | $30.56B | 12.0 | 11.6 | 3.2 | +0.3% |
| Merck | $147.63 | −2.18% | $372.73B | 120.7 | 17.1 | 5.6 | +5.1% |
| Elanco Animal Health | $22.64 | −1.25% | $11.45B | — | 19.0 | 2.3 | +10.2% |
| IDEXX Laboratories | $518.60 | −0.56% | $41.14B | 36.9 | 33.3 | 9.0 | +9.7% |
| Phibro Animal Health | $34.29 | −2.46% | $1.42B | 14.4 | 9.8 | 0.9 | +4.8% |
| Median | 36.9 | 18.1 | 3.9 | +7.4% |






