Zoetis Inc (ZTS)
Gross profit margin
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross profit (ttm) | US$ in thousands | 4,011,000 | 3,934,000 | 3,784,000 | 3,684,000 | 3,580,000 | 3,508,000 | 3,422,000 | 3,314,000 | 3,374,000 | 3,290,000 | 3,294,000 | 3,276,000 | 3,232,000 | 3,120,000 | 3,032,000 | 2,835,000 | 2,601,000 | 3,691,000 | 3,585,000 | 3,625,000 |
| Revenue (ttm) | US$ in thousands | 9,256,000 | 9,152,000 | 8,915,000 | 8,734,000 | 8,544,000 | 8,371,000 | 8,222,000 | 8,094,000 | 8,080,000 | 8,007,000 | 7,995,000 | 7,891,000 | 7,776,000 | 7,616,000 | 7,412,000 | 7,012,000 | 6,675,000 | 6,542,000 | 6,340,000 | 6,339,000 |
| Gross profit margin | 43.33% | 42.99% | 42.45% | 42.18% | 41.90% | 41.91% | 41.62% | 40.94% | 41.76% | 41.09% | 41.20% | 41.52% | 41.56% | 40.97% | 40.91% | 40.43% | 38.97% | 56.42% | 56.55% | 57.19% |
December 31, 2024 calculation
Gross profit margin = Gross profit (ttm) ÷ Revenue (ttm)
= $4,011,000K ÷ $9,256,000K
= 43.33%
The gross profit margin of Zoetis Inc has been fairly stable over the years, indicating the company's ability to efficiently manage its production costs and generate profits on its sales.
From March 31, 2020, to December 31, 2020, there was a significant drop in the gross profit margin from 57.19% to 38.97%, possibly due to various factors such as increased costs or pricing pressures. However, from March 31, 2021, onwards, the company was able to gradually improve its gross profit margin, reaching 43.33% by December 31, 2024.
Overall, the trend shows a general improvement in the gross profit margin over the years, with fluctuations in between. This indicates the company's efforts to enhance its operational efficiency, control costs, and potentially increase selling prices to improve profitability.
Peer comparison
Dec 31, 2024