Zoetis Inc (ZTS) — Cash Flow Reinvestment Rate
Zoetis Inc (ZTS) has a Cash Flow Reinvestment Rate of 0.31x as of September 2025, reinvesting $293.00 Million (capex $133.00 Million plus investments $-160.00 Million) from operating cash flow of $938.00 Million. See Zoetis Inc free cash flow ratio to measure how efficiently the company converts operating cash flow to free cash.
Reinvestment Rate
Total Reinvested
Operating Cash Flow
Capital Expenditures
Zoetis Inc Cash Flow Reinvestment Rate (2009–2024)
Historical reinvestment intensity for Zoetis Inc across 16 annual periods. For the full cash flow conversion analysis, see Zoetis Inc (ZTS) cash flow conversion.
Annual Cash Flow Reinvestment Rate for Zoetis Inc (2009–2024)
Year-by-year capital reinvestment analysis for Zoetis Inc. See ZTS financial flexibility score to measure the company's free cash flow as a share of total liabilities.
| Year | Reinvestment Rate | Total Reinvested (USD) | Operating CF | Capex | YoY Change |
|---|---|---|---|---|---|
| 2024 | 0.33x | $970.00 Million | $2.95 Billion | $655.00 Million | ▼ -48.8% |
| 2023 | 0.64x | $1.51 Billion | $2.35 Billion | $732.00 Million | ▼ -16.5% |
| 2022 | 0.77x | $1.47 Billion | $1.91 Billion | $586.00 Million | ▲ +234.0% |
| 2021 | 0.23x | $509.00 Million | $2.21 Billion | $477.00 Million | ▲ +1.9% |
| 2020 | 0.23x | $480.00 Million | $2.13 Billion | $453.00 Million | ▼ -32.2% |
| 2019 | 0.33x | $598.00 Million | $1.79 Billion | $460.00 Million | ▲ +62.9% |
| 2018 | 0.20x | $366.00 Million | $1.79 Billion | $338.00 Million | ▼ -44.3% |
| 2017 | 0.37x | $494.00 Million | $1.35 Billion | $224.00 Million | ▼ -39.1% |
| 2016 | 0.60x | $430.00 Million | $713.00 Million | $216.00 Million | ▲ +58.9% |
| 2015 | 0.38x | $252.00 Million | $664.00 Million | $224.00 Million | ▲ +21.8% |
| 2014 | 0.31x | $195.00 Million | $626.00 Million | $195.00 Million | ▲ +15.3% |
| 2013 | 0.27x | $184.00 Million | $681.00 Million | $184.00 Million | ▼ -2.6% |
| 2012 | 0.28x | $126.00 Million | $454.00 Million | $126.00 Million | ▲ +2.2% |
| 2011 | 0.27x | $135.00 Million | $497.00 Million | $135.00 Million | ▼ -44.4% |
| 2010 | 0.49x | $124.00 Million | $254.00 Million | $124.00 Million | ▼ -64.6% |
| 2009 | 1.38x | $135.00 Million | $98.00 Million | $135.00 Million | — |