Achieved $9.5 billion in 2025 revenue, up 2% reported and 6% organic operational, with 4% from price and 2% from volume; adjusted net income reached $2.8 billion, up 6% reported and 7% organic operational.
Adjusted diluted EPS was $6.41, up 10% organic operational year-over-year.
Simparica Trio surpassed $1 billion in US sales, with double-digit global growth; key dermatology franchise revenue up 6% operationally.
Livestock segment grew 8% organically, marking the third consecutive year of mid-to-high single-digit growth.
Returned over $4.1 billion to shareholders via share repurchases and dividends.
Full year revenue: $9,467 million (+2% reported, +6% organic operational YoY); Q4 revenue: $2,387 million (+3% YoY).
Full year adjusted net income: $2,847 million (+6% reported, +7% organic operational YoY); Q4 adjusted net income: $648 million (+3% YoY).
Adjusted gross margin for 2025 was 71.9%, up from 70.7% in 2024.
Simparica franchise revenue was $1.5 billion (+12% operational); key dermatology portfolio reached $1.7 billion (+6% operational).
OA pain monoclonal antibodies declined 3% operationally to $568 million.
2026 revenue guidance: $9,825–$10,025 million, with 3–5% organic operational growth; adjusted net income guidance: $2,975–$3,025 million, with 3–6% organic operational growth.
Adjusted diluted EPS expected at $7.00–$7.10; share repurchases to add ~$0.22 to EPS.
Adjusted cost of sales as a percent of revenue expected at ~28% for 2026.
Companion animal and livestock expected to remain key growth drivers, with price contributing 2%–3% and the remainder from volume.
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Zoetis Inc. is an American drug manufacturer that produces and sells medicine, medications, and vaccinations for both pets and livestock. The company is one of the largest in the industry, and its product range includes treatments for a variety of animal health issues, from common ailments in domestic pets to disease prevention in livestock. Zoetis is active in over 100 countries worldwide and has a dominating presence in the American animal health sector. The company is headquartered in Parsippany, New Jersey, and its shares are listed on the NYSE.
Zoetis was founded in 1952 as a subsidiary of Pfizer and marked the beginning of the pharmaceutical company’s agricultural division. Over the years, the division evolved, focusing on the development and marketing of vaccines, medicines, and other products for animals. The division grew to become one of the largest players in the industry, and its parent company decided it was best to go separate ways from the company, for Pfizer to focus on its business while allowing Zoetis to continue with what it did best. Said and done, and in 2013 Pfizer spun off the division and Zoetis became its own company. Today, it competes against names such as Elanco and Virbac in the animal health industry.
The company’s portfolio includes vaccines, medicines, diagnostics, and genetic tests, catering to both livestock and companion animals. These products aim to prevent, treat, and control diseases, ensuring owners can provide the best possible healthcare possible for their animals. In the livestock sector, Zoetis provides medications and vaccines for cattle, swine, poultry, and sheep, with its products focusing on ensuring that the animals are healthy and productive. For companion animals, Zoetis offers vaccines, dermatology products, anti-infectives, and products for pain and management.
Zoetis provides a comprehensive range of products and services specifically designed for veterinarians. Beyond pharmaceuticals, which are prescribed and oftentimes administered by veterinarians, Zoetis offers diagnostic tools and tests. Moreover, Zoetis provides digital tools such as practice management software, helping veterinarians keep track of their operations and journals.
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