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Side-by-side financial comparison of AMDOCS LTD (DOX) and Zoetis (ZTS). Click either name above to swap in a different company.

Zoetis is the larger business by last-quarter revenue ($2.4B vs $1.3B, roughly 1.9× AMDOCS LTD). Zoetis runs the higher net margin — 25.3% vs 11.2%, a 14.0% gap on every dollar of revenue. On growth, Zoetis posted the faster year-over-year revenue change (3.0% vs 1.1%). Over the past eight quarters, AMDOCS LTD's revenue compounded faster (4.5% CAGR vs 4.4%).

Amdocs Limited is a multinational telecommunications technology company headquartered in Chesterfield, Missouri. The company specializes in software and services for communications, media and financial services providers and digital enterprises. Amdocs was founded in 1982 and is publicly traded on the Nasdaq stock exchange.

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...

DOX vs ZTS — Head-to-Head

Bigger by revenue
ZTS
ZTS
1.9× larger
ZTS
$2.4B
$1.3B
DOX
Growing faster (revenue YoY)
ZTS
ZTS
+1.9% gap
ZTS
3.0%
1.1%
DOX
Higher net margin
ZTS
ZTS
14.0% more per $
ZTS
25.3%
11.2%
DOX
Faster 2-yr revenue CAGR
DOX
DOX
Annualised
DOX
4.5%
4.4%
ZTS

Income Statement — Q3 FY2024 vs Q4 FY2025

Metric
DOX
DOX
ZTS
ZTS
Revenue
$1.3B
$2.4B
Net Profit
$140.3M
$603.0M
Gross Margin
70.2%
Operating Margin
14.1%
31.9%
Net Margin
11.2%
25.3%
Revenue YoY
1.1%
3.0%
Net Profit YoY
-12.0%
3.8%
EPS (diluted)
$1.21
$1.37

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
DOX
DOX
ZTS
ZTS
Q4 25
$2.4B
Q3 25
$2.4B
Q2 25
$2.5B
Q1 25
$2.2B
Q4 24
$2.3B
Q3 24
$2.4B
Q2 24
$1.3B
$2.4B
Q1 24
$1.2B
$2.2B
Net Profit
DOX
DOX
ZTS
ZTS
Q4 25
$603.0M
Q3 25
$721.0M
Q2 25
$718.0M
Q1 25
$631.0M
Q4 24
$581.0M
Q3 24
$682.0M
Q2 24
$140.3M
$624.0M
Q1 24
$118.5M
$599.0M
Gross Margin
DOX
DOX
ZTS
ZTS
Q4 25
70.2%
Q3 25
71.5%
Q2 25
73.6%
Q1 25
72.0%
Q4 24
69.5%
Q3 24
70.6%
Q2 24
71.7%
Q1 24
70.6%
Operating Margin
DOX
DOX
ZTS
ZTS
Q4 25
31.9%
Q3 25
37.0%
Q2 25
36.7%
Q1 25
36.5%
Q4 24
31.6%
Q3 24
36.6%
Q2 24
14.1%
33.0%
Q1 24
12.5%
34.1%
Net Margin
DOX
DOX
ZTS
ZTS
Q4 25
25.3%
Q3 25
30.0%
Q2 25
29.2%
Q1 25
28.4%
Q4 24
25.1%
Q3 24
28.6%
Q2 24
11.2%
26.4%
Q1 24
9.5%
27.4%
EPS (diluted)
DOX
DOX
ZTS
ZTS
Q4 25
$1.37
Q3 25
$1.63
Q2 25
$1.61
Q1 25
$1.41
Q4 24
$1.29
Q3 24
$1.50
Q2 24
$1.21
$1.37
Q1 24
$1.01
$1.31

Balance Sheet & Financial Strength

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

Metric
DOX
DOX
ZTS
ZTS
Cash + ST InvestmentsLiquidity on hand
Total DebtLower is stronger
Stockholders' EquityBook value
$3.3B
Total Assets
$15.5B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
DOX
DOX
ZTS
ZTS
Q4 25
Q3 25
$2.1B
Q2 25
$1.4B
Q1 25
$1.7B
Q4 24
$2.0B
Q3 24
$1.7B
Q2 24
$1.6B
Q1 24
$2.0B
Stockholders' Equity
DOX
DOX
ZTS
ZTS
Q4 25
$3.3B
Q3 25
$5.4B
Q2 25
$5.0B
Q1 25
$4.7B
Q4 24
$4.8B
Q3 24
$5.2B
Q2 24
$5.0B
Q1 24
$5.1B
Total Assets
DOX
DOX
ZTS
ZTS
Q4 25
$15.5B
Q3 25
$15.2B
Q2 25
$14.5B
Q1 25
$14.1B
Q4 24
$14.2B
Q3 24
$14.4B
Q2 24
$14.2B
Q1 24
$14.3B

Cash Flow & Capital Efficiency

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

Metric
DOX
DOX
ZTS
ZTS
Operating Cash FlowLast quarter
$893.0M
Free Cash FlowOCF − Capex
$732.0M
FCF MarginFCF / Revenue
30.7%
Capex IntensityCapex / Revenue
6.7%
Cash ConversionOCF / Net Profit
1.48×
TTM Free Cash FlowTrailing 4 quarters
$2.3B

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
DOX
DOX
ZTS
ZTS
Q4 25
$893.0M
Q3 25
$938.0M
Q2 25
$486.0M
Q1 25
$587.0M
Q4 24
$905.0M
Q3 24
$951.0M
Q2 24
$502.0M
Q1 24
$595.0M
Free Cash Flow
DOX
DOX
ZTS
ZTS
Q4 25
$732.0M
Q3 25
$805.0M
Q2 25
$308.0M
Q1 25
$438.0M
Q4 24
$689.0M
Q3 24
$784.0M
Q2 24
$370.0M
Q1 24
$455.0M
FCF Margin
DOX
DOX
ZTS
ZTS
Q4 25
30.7%
Q3 25
33.5%
Q2 25
12.5%
Q1 25
19.7%
Q4 24
29.7%
Q3 24
32.8%
Q2 24
15.7%
Q1 24
20.8%
Capex Intensity
DOX
DOX
ZTS
ZTS
Q4 25
6.7%
Q3 25
5.5%
Q2 25
7.2%
Q1 25
6.7%
Q4 24
9.3%
Q3 24
7.0%
Q2 24
5.6%
Q1 24
6.4%
Cash Conversion
DOX
DOX
ZTS
ZTS
Q4 25
1.48×
Q3 25
1.30×
Q2 25
0.68×
Q1 25
0.93×
Q4 24
1.56×
Q3 24
1.39×
Q2 24
0.80×
Q1 24
0.99×

Financial Flow Comparison

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

Revenue Breakdown by Segment

DOX
DOX

Segment breakdown not available.

ZTS
ZTS

Other$1.3B56%
Livestock$234.0M10%
Pain Sedation$209.0M9%
Other Pharmaceuticals$188.0M8%
Swine$125.0M5%
Poultry$117.0M5%
Fish$81.0M3%
Other Non Pharmaceuticals$70.0M3%
Manufactured Product Other$18.0M1%
Medicated Feed Additives$12.0M1%

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