Zoetis (ZTS) Margins & Profitability 2020-2026

Gross, EBITDA, operating, and net margin trends

Margins

Profit margins across the income statement

Gross Margin: 71.7%
EBITDA Margin: 40.6%
Op. Margin: 35.4%
Net Margin: 26.6%

Op. margin of 35.4% is down 2.7% YoY — costs are rising relative to revenue. Net margin at 26.6% and gross margin of 71.7% — earnings take a bigger bite when COGS stays lean..

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