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Side-by-side financial comparison of Agilent Technologies (A) and Zoetis (ZTS). Click either name above to swap in a different company.

Zoetis is the larger business by last-quarter revenue ($2.3B vs $1.8B, roughly 1.3× Agilent Technologies). Zoetis runs the higher net margin — 26.6% vs 17.0%, a 9.6% gap on every dollar of revenue. On growth, Agilent Technologies posted the faster year-over-year revenue change (7.0% vs 2.9%). Over the past eight quarters, Agilent Technologies's revenue compounded faster (6.9% CAGR vs -2.1%).

Agilent Technologies, Inc. provides application focused solutions to the life sciences, diagnostics, and applied chemical markets worldwide. The Life Sciences and Applied Markets segment offers liquid chromatography systems and components; liquid chromatography mass spectrometry systems; gas chromatography systems and components; gas chromatography mass spectrometry systems; inductively coupled plasma mass spectrometry instruments; atomic absorption instruments; microwave plasma-atomic emissi...

Zoetis Inc. (/zō-EH-tis/) is an American drug company, the world's largest producer of medicine and vaccinations for pets and livestock. The company was a subsidiary of Pfizer, the world's largest drug maker, but with Pfizer's spinoff of its 83% interest in the firm it is now a completely independent company. The company directly markets its products in approximately 45 countries, and sells them in more than 100 countries. Operations outside the United States accounted for 50% of the total re...

A vs ZTS — Head-to-Head

Bigger by revenue
ZTS
ZTS
1.3× larger
ZTS
$2.3B
$1.8B
A
Growing faster (revenue YoY)
A
A
+4.0% gap
A
7.0%
2.9%
ZTS
Higher net margin
ZTS
ZTS
9.6% more per $
ZTS
26.6%
17.0%
A
Faster 2-yr revenue CAGR
A
A
Annualised
A
6.9%
-2.1%
ZTS

Income Statement — Q1 FY2026 vs Q1 FY2026

Metric
A
A
ZTS
ZTS
Revenue
$1.8B
$2.3B
Net Profit
$305.0M
$601.0M
Gross Margin
52.6%
71.7%
Operating Margin
19.6%
Net Margin
17.0%
26.6%
Revenue YoY
7.0%
2.9%
Net Profit YoY
-4.1%
-0.2%
EPS (diluted)
$1.07
$1.42

Green = leading value per metric. Periods may differ when fiscal calendars don't align.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.

Revenue
A
A
ZTS
ZTS
Q1 26
$1.8B
$2.3B
Q4 25
$1.9B
$2.4B
Q3 25
$1.7B
$2.4B
Q2 25
$1.7B
$2.5B
Q1 25
$1.7B
$2.2B
Q4 24
$1.7B
$2.3B
Q3 24
$1.6B
$2.4B
Q2 24
$1.6B
$2.4B
Net Profit
A
A
ZTS
ZTS
Q1 26
$305.0M
$601.0M
Q4 25
$434.0M
$603.0M
Q3 25
$336.0M
$721.0M
Q2 25
$215.0M
$718.0M
Q1 25
$318.0M
$631.0M
Q4 24
$351.0M
$581.0M
Q3 24
$282.0M
$682.0M
Q2 24
$308.0M
$624.0M
Gross Margin
A
A
ZTS
ZTS
Q1 26
52.6%
71.7%
Q4 25
53.2%
70.2%
Q3 25
51.1%
71.5%
Q2 25
51.9%
73.6%
Q1 25
53.5%
72.0%
Q4 24
53.9%
69.5%
Q3 24
54.2%
70.6%
Q2 24
54.4%
71.7%
Operating Margin
A
A
ZTS
ZTS
Q1 26
19.6%
Q4 25
23.8%
31.9%
Q3 25
20.7%
37.0%
Q2 25
18.0%
36.7%
Q1 25
22.4%
36.5%
Q4 24
24.0%
31.6%
Q3 24
21.1%
36.6%
Q2 24
23.1%
33.0%
Net Margin
A
A
ZTS
ZTS
Q1 26
17.0%
26.6%
Q4 25
23.3%
25.3%
Q3 25
19.3%
30.0%
Q2 25
12.9%
29.2%
Q1 25
18.9%
28.4%
Q4 24
20.6%
25.1%
Q3 24
17.9%
28.6%
Q2 24
19.6%
26.4%
EPS (diluted)
A
A
ZTS
ZTS
Q1 26
$1.07
$1.42
Q4 25
$1.53
$1.37
Q3 25
$1.18
$1.63
Q2 25
$0.75
$1.61
Q1 25
$1.11
$1.41
Q4 24
$1.23
$1.29
Q3 24
$0.97
$1.50
Q2 24
$1.05
$1.37

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
A
A
ZTS
ZTS
Cash + ST InvestmentsLiquidity on hand
$1.8B
Total DebtLower is stronger
$3.0B
Stockholders' EquityBook value
$6.9B
Total Assets
$12.8B
Debt / EquityLower = less leverage
0.44×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
A
A
ZTS
ZTS
Q1 26
$1.8B
Q4 25
$1.8B
Q3 25
$1.5B
$2.1B
Q2 25
$1.5B
$1.4B
Q1 25
$1.5B
$1.7B
Q4 24
$1.3B
$2.0B
Q3 24
$1.8B
$1.7B
Q2 24
$1.7B
$1.6B
Total Debt
A
A
ZTS
ZTS
Q1 26
$3.0B
Q4 25
$3.0B
Q3 25
$3.4B
Q2 25
$3.3B
Q1 25
$3.3B
Q4 24
$3.3B
Q3 24
$2.1B
Q2 24
$2.1B
Stockholders' Equity
A
A
ZTS
ZTS
Q1 26
$6.9B
Q4 25
$6.7B
$3.3B
Q3 25
$6.4B
$5.4B
Q2 25
$6.1B
$5.0B
Q1 25
$6.0B
$4.7B
Q4 24
$5.9B
$4.8B
Q3 24
$5.9B
$5.2B
Q2 24
$6.2B
$5.0B
Total Assets
A
A
ZTS
ZTS
Q1 26
$12.8B
Q4 25
$12.7B
$15.5B
Q3 25
$12.2B
$15.2B
Q2 25
$12.2B
$14.5B
Q1 25
$11.9B
$14.1B
Q4 24
$11.8B
$14.2B
Q3 24
$11.0B
$14.4B
Q2 24
$10.9B
$14.2B
Debt / Equity
A
A
ZTS
ZTS
Q1 26
0.44×
Q4 25
0.45×
Q3 25
0.53×
Q2 25
0.55×
Q1 25
0.56×
Q4 24
0.57×
Q3 24
0.36×
Q2 24
0.34×

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
A
A
ZTS
ZTS
Operating Cash FlowLast quarter
$268.0M
Free Cash FlowOCF − Capex
$175.0M
FCF MarginFCF / Revenue
9.7%
Capex IntensityCapex / Revenue
5.2%
Cash ConversionOCF / Net Profit
0.88×
TTM Free Cash FlowTrailing 4 quarters
$993.0M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
A
A
ZTS
ZTS
Q1 26
$268.0M
Q4 25
$545.0M
$893.0M
Q3 25
$362.0M
$938.0M
Q2 25
$221.0M
$486.0M
Q1 25
$431.0M
$587.0M
Q4 24
$481.0M
$905.0M
Q3 24
$452.0M
$951.0M
Q2 24
$333.0M
$502.0M
Free Cash Flow
A
A
ZTS
ZTS
Q1 26
$175.0M
Q4 25
$452.0M
$732.0M
Q3 25
$259.0M
$805.0M
Q2 25
$107.0M
$308.0M
Q1 25
$334.0M
$438.0M
Q4 24
$388.0M
$689.0M
Q3 24
$360.0M
$784.0M
Q2 24
$230.0M
$370.0M
FCF Margin
A
A
ZTS
ZTS
Q1 26
9.7%
Q4 25
24.3%
30.7%
Q3 25
14.9%
33.5%
Q2 25
6.4%
12.5%
Q1 25
19.9%
19.7%
Q4 24
22.8%
29.7%
Q3 24
22.8%
32.8%
Q2 24
14.6%
15.7%
Capex Intensity
A
A
ZTS
ZTS
Q1 26
5.2%
Q4 25
5.0%
6.7%
Q3 25
5.9%
5.5%
Q2 25
6.8%
7.2%
Q1 25
5.8%
6.7%
Q4 24
5.5%
9.3%
Q3 24
5.8%
7.0%
Q2 24
6.5%
5.6%
Cash Conversion
A
A
ZTS
ZTS
Q1 26
0.88×
Q4 25
1.26×
1.48×
Q3 25
1.08×
1.30×
Q2 25
1.03×
0.68×
Q1 25
1.36×
0.93×
Q4 24
1.37×
1.56×
Q3 24
1.60×
1.39×
Q2 24
1.08×
0.80×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

A
A

Service Other$525.0M29%
Chemicaland Energy Market$422.0M23%
Agilent Cross Lab$273.0M15%
Environmentaland Forensics Market$177.0M10%
Food Market$166.0M9%
Academiaand Government Market$130.0M7%
Applied Markets$98.0M5%

ZTS
ZTS

Companion Animal$1.5B67%
Livestock$720.0M32%
Contract Manufacturing & Human Health$23.0M1%

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