Zoetis Inc (ZTS)
Pretax 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings before tax but after interest (EBT) (ttm) | US$ in thousands | 3,123,000 | 3,043,000 | 2,896,000 | 2,989,000 | 2,940,000 | 2,881,000 | 2,832,000 | 2,629,000 | 2,659,000 | 2,573,000 | 2,564,000 | 2,531,000 | 2,491,000 | 2,405,000 | 2,343,000 | 2,189,000 | 1,998,000 | 2,014,000 | 1,945,000 | 1,917,000 |
| 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 |
| Pretax margin | 33.74% | 33.25% | 32.48% | 34.22% | 34.41% | 34.42% | 34.44% | 32.48% | 32.91% | 32.13% | 32.07% | 32.07% | 32.03% | 31.58% | 31.61% | 31.22% | 29.93% | 30.79% | 30.68% | 30.24% |
December 31, 2024 calculation
Pretax margin = EBT (ttm) ÷ Revenue (ttm)
= $3,123,000K ÷ $9,256,000K
= 33.74%
The pretax margin of Zoetis Inc has demonstrated a consistent and generally positive trend over the observed period from March 2020 to December 2024. The pretax margin started at 30.24% in March 2020 and showed fluctuations within a relatively narrow range before reaching a peak of 34.44% in June 2023. This substantial increase from the initial level indicates improved operational efficiency and cost management.
However, the pretax margin exhibited some volatility in the subsequent periods, dropping to 32.48% in March 2024 before fluctuating between 32.07% and 34.41% towards the end of the data range. Despite these fluctuations, the company managed to maintain a solid profitability level above 30% throughout the analyzed period.
Overall, the upward trend in pretax margin until June 2023 followed by some fluctuations suggests that Zoetis Inc has been effectively managing its operating expenses and generating sufficient revenue to support its pre-tax profitability. Investors and stakeholders may find this consistent performance and overall positive trajectory of the pretax margin as positive indicators of the company's financial health and operational effectiveness.
Peer comparison
Dec 31, 2024