Zoetis Inc (ZTS) — Cash Flow Reinvestment Rate

Latest as of September 2025: 0.31x

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. Check ZTS cash to earnings ratio to evaluate the quality of earnings relative to operating cash generation.

Reinvestment Rate

0.31x
(Capex + Investments) / Operating CF

Total Reinvested

$293.00 Million
Capex + Investments

Operating Cash Flow

$938.00 Million
USD

Capital Expenditures

$133.00 Million
USD

Zoetis Inc Cash Flow Reinvestment Rate (2009–2024)

Historical reinvestment intensity for Zoetis Inc across 16 annual periods. Explore Zoetis Inc (ZTS) investment intensity to see how much of total assets are deployed in long-term investments.

Annual Cash Flow Reinvestment Rate for Zoetis Inc (2009–2024)

Year-by-year capital reinvestment analysis for Zoetis Inc. For live market cap and broader valuation context, see Zoetis Inc market capitalisation.

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
Cash Flow Reinvestment Rate = (ABS(Capex) + ABS(Investments)) / Operating Cash Flow