Zoetis Inc (ZTS)
Net profit margin
| 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 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income (ttm) | US$ in thousands | 2,344,000 | 2,280,000 | 2,213,000 | 2,071,000 | 2,114,000 | 2,067,000 | 2,090,000 | 2,073,000 | 2,037,000 | 1,982,000 | 1,909,000 | 1,774,000 | 1,638,000 | 1,663,000 | 1,617,000 | 1,611,000 | 1,500,000 | 1,461,000 | 1,375,000 | 1,388,000 |
| Revenue (ttm) | US$ in thousands | 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 | 6,260,000 | 6,150,000 | 6,046,000 | 5,914,000 |
| Net profit margin | 27.43% | 27.24% | 26.92% | 25.59% | 26.16% | 25.81% | 26.14% | 26.27% | 26.20% | 26.02% | 25.76% | 25.30% | 24.54% | 25.42% | 25.50% | 25.41% | 23.96% | 23.76% | 22.74% | 23.47% |
December 31, 2023 calculation
Net profit margin = Net income (ttm) ÷ Revenue (ttm)
= $2,344,000K ÷ $8,544,000K
= 27.43%
The net profit margin of Zoetis Inc over the past eight quarters has displayed a relatively stable and healthy trend, ranging from 25.59% to 27.43%. The company has consistently maintained a net profit margin above 25%, indicating efficient cost management and strong revenue generation capabilities.
Although there have been slight fluctuations in the net profit margin over the quarters, overall, Zoetis Inc has been able to effectively convert its revenue into profit. This is a positive sign of operational efficiency and profitability, suggesting that the company is effectively controlling its expenses and maximizing its earnings.
The upward trend in net profit margin from Q1 2022 to Q4 2023 highlights the company's ability to improve its profitability over time. This could be a result of strategic business decisions, effective cost controls, or revenue growth outpacing expenses.
Overall, Zoetis Inc's net profit margin analysis indicates that the company is in a strong financial position and has a successful track record of converting its revenue into profit.
Peer comparison
Dec 31, 2023