Stock Analysis on Net
Stock Analysis on Net

Zoetis Inc. (NYSE:ZTS)

Common-Size Income Statement
Quarterly Data

Zoetis Inc., common-size consolidated income statement (quarterly data)

Microsoft Excel
3 months ended: 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
Revenue 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00
Cost of sales -32.90 -29.66 -27.84 -29.40 -32.01 -30.32 -30.46 -28.65 -30.50 -29.45 -29.16 -29.34 -33.26 -30.57 -29.13 -29.92 -31.66 -30.24 -30.06 -35.60
Gross profit 67.10% 70.34% 72.16% 70.60% 67.99% 69.68% 69.54% 71.35% 69.50% 70.55% 70.84% 70.66% 66.74% 69.43% 70.87% 70.08% 68.34% 69.76% 69.94% 64.40%
Selling, general and administrative expenses -25.53 -24.41 -25.50 -25.25 -25.20 -25.02 -25.78 -23.41 -30.15 -25.33 -25.41 -21.86 -28.78 -23.74 -25.39 -25.36 -28.20 -24.68 -26.24 -25.36
Research and development expenses -7.86 -7.07 -6.70 -7.10 -7.25 -6.69 -6.58 -6.14 -7.02 -6.63 -6.16 -6.31 -7.36 -6.27 -7.17 -6.98 -7.89 -7.07 -7.18 -7.01
Amortization of intangible assets -1.67 -1.77 -1.70 -1.85 -1.72 -1.85 -1.80 -2.06 -2.03 -2.01 -2.10 -2.14 -2.21 -2.24 -2.58 -2.61 -2.39 -2.40 -2.52 -2.61
Restructuring charges and certain acquisition-related costs -0.36 -0.74 -0.37 -1.05 -0.10 -0.30 -0.05 -0.10 -0.20 -0.45 -1.08 -0.48 -0.17 -0.28 -0.52 -0.59 -1.08 -0.38 -1.42 -0.34
Operating income 31.68% 36.36% 37.89% 35.35% 33.73% 35.81% 35.33% 39.63% 30.10% 36.13% 36.09% 39.87% 28.22% 36.90% 35.21% 34.55% 28.79% 35.23% 32.58% 29.07%
Interest expense, net of capitalized interest -2.67 -2.74 -2.66 -3.15 -3.04 -2.65 -2.58 -2.67 -2.75 -2.81 -2.93 -3.05 -3.21 -3.47 -3.75 -3.46 -3.35 -3.54 -3.56 -3.85
Other income (deductions), net 0.36 -0.28 4.77 2.65 -1.67 0.15 -0.10 -0.35 -1.63 -0.20 -0.51 -0.11 -1.77 0.00 -0.32 1.30 0.66 1.64 0.39 0.96
Income before provision for taxes on income 29.37% 33.33% 40.00% 34.85% 29.02% 33.32% 32.65% 36.61% 25.72% 33.12% 32.65% 36.72% 23.24% 33.43% 31.14% 32.40% 26.11% 33.33% 29.41% 26.19%
Provision for taxes on income -5.74 -5.63 -9.27 -7.30 -6.47 -6.94 -6.87 -6.70 -4.73 -5.38 -6.42 -6.89 -3.43 -6.61 -6.85 -4.82 -3.17 -6.00 -5.43 -4.74
Net income before allocation to noncontrolling interests 23.63% 27.71% 30.73% 27.55% 22.55% 26.37% 25.78% 29.91% 21.00% 27.74% 26.23% 29.82% 19.81% 26.82% 24.29% 27.57% 22.94% 27.34% 23.98% 21.44%
Net loss attributable to noncontrolling interests 0.09 0.00 0.05 0.05 0.05 0.05 0.00 0.05 0.05 0.00 0.05 0.05 0.06 0.00 0.06 0.00 0.00 0.00 0.00 0.00
Net income attributable to Zoetis Inc. 23.72% 27.71% 30.78% 27.60% 22.60% 26.42% 25.78% 29.96% 21.05% 27.74% 26.28% 29.88% 19.87% 26.82% 24.35% 27.57% 22.94% 27.34% 23.98% 21.44%

Based on: 10-K (reporting date: 2023-12-31), 10-Q (reporting date: 2023-09-30), 10-Q (reporting date: 2023-06-30), 10-Q (reporting date: 2023-03-31), 10-K (reporting date: 2022-12-31), 10-Q (reporting date: 2022-09-30), 10-Q (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31), 10-K (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-Q (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31).

Income statement item Description The company
Operating income The net result for the period of deducting operating expenses from operating revenues. Zoetis Inc. operating income as a percentage of revenue decreased from Q2 2023 to Q3 2023 and from Q3 2023 to Q4 2023.
Income before provision for taxes on income Amount of income (loss) from continuing operations, including income (loss) from equity method investments, before deduction of income tax expense (benefit), and income (loss) attributable to noncontrolling interest. Zoetis Inc. income before provision for taxes on income as a percentage of revenue decreased from Q2 2023 to Q3 2023 and from Q3 2023 to Q4 2023.
Net income attributable to Zoetis Inc. The portion of profit or loss for the period, net of income taxes, which is attributable to the parent. Zoetis Inc. net income attributable to Zoetis Inc. as a percentage of revenue decreased from Q2 2023 to Q3 2023 and from Q3 2023 to Q4 2023.