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Side-by-side financial comparison of HERTZ GLOBAL HOLDINGS, INC (HTZ) 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 $2.0B, roughly 1.2× HERTZ GLOBAL HOLDINGS, INC). Zoetis runs the higher net margin — 25.3% vs -9.6%, a 34.8% gap on every dollar of revenue. On growth, Zoetis posted the faster year-over-year revenue change (3.0% vs -0.6%). Over the past eight quarters, Zoetis's revenue compounded faster (4.4% CAGR vs -1.3%).

Hertz Global Holdings, Inc., known as Hertz, is an American car rental company based in Estero, Florida. The company operates its namesake Hertz brand, along with the brands Dollar Rent A Car, Firefly Car Rental, and Thrifty Car Rental.

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...

HTZ vs ZTS — Head-to-Head

Bigger by revenue
ZTS
ZTS
1.2× larger
ZTS
$2.4B
$2.0B
HTZ
Growing faster (revenue YoY)
ZTS
ZTS
+3.6% gap
ZTS
3.0%
-0.6%
HTZ
Higher net margin
ZTS
ZTS
34.8% more per $
ZTS
25.3%
-9.6%
HTZ
Faster 2-yr revenue CAGR
ZTS
ZTS
Annualised
ZTS
4.4%
-1.3%
HTZ

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
HTZ
HTZ
ZTS
ZTS
Revenue
$2.0B
$2.4B
Net Profit
$-194.0M
$603.0M
Gross Margin
70.2%
Operating Margin
-11.0%
31.9%
Net Margin
-9.6%
25.3%
Revenue YoY
-0.6%
3.0%
Net Profit YoY
59.5%
3.8%
EPS (diluted)
$-0.46
$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
HTZ
HTZ
ZTS
ZTS
Q4 25
$2.0B
$2.4B
Q3 25
$2.5B
$2.4B
Q2 25
$2.2B
$2.5B
Q1 25
$1.8B
$2.2B
Q4 24
$2.0B
$2.3B
Q3 24
$2.6B
$2.4B
Q2 24
$2.4B
$2.4B
Q1 24
$2.1B
$2.2B
Net Profit
HTZ
HTZ
ZTS
ZTS
Q4 25
$-194.0M
$603.0M
Q3 25
$184.0M
$721.0M
Q2 25
$-294.0M
$718.0M
Q1 25
$-443.0M
$631.0M
Q4 24
$-479.0M
$581.0M
Q3 24
$-1.3B
$682.0M
Q2 24
$-865.0M
$624.0M
Q1 24
$-186.0M
$599.0M
Gross Margin
HTZ
HTZ
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
HTZ
HTZ
ZTS
ZTS
Q4 25
-11.0%
31.9%
Q3 25
9.4%
37.0%
Q2 25
-14.5%
36.7%
Q1 25
-29.0%
36.5%
Q4 24
-27.6%
31.6%
Q3 24
-62.9%
36.6%
Q2 24
-20.1%
33.0%
Q1 24
-27.9%
34.1%
Net Margin
HTZ
HTZ
ZTS
ZTS
Q4 25
-9.6%
25.3%
Q3 25
7.4%
30.0%
Q2 25
-13.5%
29.2%
Q1 25
-24.4%
28.4%
Q4 24
-23.5%
25.1%
Q3 24
-51.7%
28.6%
Q2 24
-36.8%
26.4%
Q1 24
-8.9%
27.4%
EPS (diluted)
HTZ
HTZ
ZTS
ZTS
Q4 25
$-0.46
$1.37
Q3 25
$0.42
$1.63
Q2 25
$-0.95
$1.61
Q1 25
$-1.44
$1.41
Q4 24
$-1.57
$1.29
Q3 24
$-4.34
$1.50
Q2 24
$-2.82
$1.37
Q1 24
$-0.61
$1.31

Balance Sheet & Financial Strength

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

Metric
HTZ
HTZ
ZTS
ZTS
Cash + ST InvestmentsLiquidity on hand
$565.0M
Total DebtLower is stronger
Stockholders' EquityBook value
$-459.0M
$3.3B
Total Assets
$22.3B
$15.5B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
HTZ
HTZ
ZTS
ZTS
Q4 25
$565.0M
Q3 25
$1.1B
$2.1B
Q2 25
$503.0M
$1.4B
Q1 25
$626.0M
$1.7B
Q4 24
$592.0M
$2.0B
Q3 24
$501.0M
$1.7B
Q2 24
$568.0M
$1.6B
Q1 24
$465.0M
$2.0B
Stockholders' Equity
HTZ
HTZ
ZTS
ZTS
Q4 25
$-459.0M
$3.3B
Q3 25
$-317.0M
$5.4B
Q2 25
$-504.0M
$5.0B
Q1 25
$-262.0M
$4.7B
Q4 24
$153.0M
$4.8B
Q3 24
$681.0M
$5.2B
Q2 24
$2.0B
$5.0B
Q1 24
$2.8B
$5.1B
Total Assets
HTZ
HTZ
ZTS
ZTS
Q4 25
$22.3B
$15.5B
Q3 25
$23.0B
$15.2B
Q2 25
$23.1B
$14.5B
Q1 25
$22.0B
$14.1B
Q4 24
$21.8B
$14.2B
Q3 24
$23.0B
$14.4B
Q2 24
$25.2B
$14.2B
Q1 24
$24.3B
$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
HTZ
HTZ
ZTS
ZTS
Operating Cash FlowLast quarter
$193.0M
$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
HTZ
HTZ
ZTS
ZTS
Q4 25
$193.0M
$893.0M
Q3 25
$835.0M
$938.0M
Q2 25
$346.0M
$486.0M
Q1 25
$251.0M
$587.0M
Q4 24
$414.0M
$905.0M
Q3 24
$894.0M
$951.0M
Q2 24
$546.0M
$502.0M
Q1 24
$370.0M
$595.0M
Free Cash Flow
HTZ
HTZ
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
HTZ
HTZ
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
HTZ
HTZ
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
HTZ
HTZ
ZTS
ZTS
Q4 25
1.48×
Q3 25
4.54×
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

HTZ
HTZ

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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