Zoetis Inc (ZTS)

Net profit margin

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Net income	US$ in thousands	2,344,000	2,114,000	2,037,000	1,638,000	1,500,000
Revenue	US$ in thousands	8,544,000	8,080,000	7,776,000	6,675,000	6,260,000
Net profit margin		27.43%	26.16%	26.20%	24.54%	23.96%

December 31, 2023 calculation

Net profit margin = Net income ÷ Revenue
= $2,344,000K ÷ $8,544,000K
= 27.43%

The net profit margin of Zoetis Inc has shown a generally increasing trend over the past five years, indicating the company's ability to efficiently convert revenue into profit. In 2023, the net profit margin reached 27.43%, reflecting a slight improvement from the previous year's margin of 26.16%. This upward trend suggests effective cost management and potentially improving operational efficiency within the company. Zoetis Inc's consistently strong net profit margins compared to previous years demonstrate a stable and profitable business model in the animal health market.