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Zoetis Inc.Stock · HealthcareS&P 500 0.1%
$75.35+$0.78 (+1.05%)as of market close, Jul 24, 2026
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How Zoetis makes money

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How does Zoetis make money? This Sankey traces every dollar of revenue through the income statement — into cost of revenue, R&D, SG&A, and taxes — and shows what's left as profit. Pick any fiscal year, recent quarter, or the trailing twelve months. Straight from SEC filings.

Zoetis Inc. · FY2025 · year ended 2025-12-31
Revenue$9.5BGross profit$6.8B · 72%Cost of revenue$2.7B · 28%Operating income$3.7B · 39%Operating expenses$3.1B · 32%R&D$698M · 7%SG&A$2.4B · 25%Pre-tax income$3.4B · 35%Other expense$365M · 4%Net income$2.7B · 28%Income tax$687M · 7%Dermatology$1.8B · 19%Cattle$1.5B · 16%Anti Infective Products$1.0B · 11%Pain Sedation$840M · 9%Other Pharmaceuticals$697M · 7%Swine$466M · 5%Animal Health Diagnostics$434M · 5%Poultry$432M · 5%Dogs & Cats$304M · 3%Fish$286M · 3%Other Non Pharmaceuticals$263M · 3%Contract Manufacturingand Human Health Diagnostics$116M · 1%Manufactured Product Other$88M · 1%Other revenue$1.3B · 13%

Each fiscal year from SEC filings. Percentages are share of revenue, so the green profit nodes read directly as gross / operating / net margin. Line items a company doesn't break out are derived from their siblings so the flows balance; small residuals show as “Other.” For informational purposes only.