Zoetis (ZTS) Margins & Profitability 2020-2026

Gross, EBITDA, operating, and net margin trends

Margins

Profit margins across the income statement

Gross Margin: 72.7%
EBITDA Margin: 42.2%
Op. Margin: 37.4%
Net Margin: 28.0%

Op. margin of 37.4% is down 1.6% YoY — costs are rising relative to revenue. Net margin at 28.0% and gross margin of 72.7% show how much of each revenue dollar survives to profit.

Gross Margin (%)

Revenue left after direct cost of goods sold

EBITDA Margin (%)

Operating profitability independent of capital structure

Operating & Net Margins (%)

How much of each dollar becomes profit