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Side-by-side financial comparison of News Corp (Class A) (NWSA) 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 $2.4B, roughly 1.0× News Corp (Class A)). Zoetis runs the higher net margin — 25.3% vs 8.2%, a 17.1% gap on every dollar of revenue. On growth, News Corp (Class A) posted the faster year-over-year revenue change (5.5% vs 3.0%). Zoetis produced more free cash flow last quarter ($732.0M vs $132.0M). Over the past eight quarters, Zoetis's revenue compounded faster (4.4% CAGR vs -1.3%).

News is information about current events. This may be provided through many different media: word of mouth, printing, postal systems, broadcasting, electronic communication, or through the testimony of observers and witnesses to events. News is sometimes called "hard news" to differentiate it from soft media.

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...

NWSA vs ZTS — Head-to-Head

Bigger by revenue
ZTS
ZTS
1.0× larger
ZTS
$2.4B
$2.4B
NWSA
Growing faster (revenue YoY)
NWSA
NWSA
+2.5% gap
NWSA
5.5%
3.0%
ZTS
Higher net margin
ZTS
ZTS
17.1% more per $
ZTS
25.3%
8.2%
NWSA
More free cash flow
ZTS
ZTS
$600.0M more FCF
ZTS
$732.0M
$132.0M
NWSA
Faster 2-yr revenue CAGR
ZTS
ZTS
Annualised
ZTS
4.4%
-1.3%
NWSA

Income Statement — Q2 FY2026 vs Q4 FY2025

Metric
NWSA
NWSA
ZTS
ZTS
Revenue
$2.4B
$2.4B
Net Profit
$193.0M
$603.0M
Gross Margin
70.2%
Operating Margin
31.9%
Net Margin
8.2%
25.3%
Revenue YoY
5.5%
3.0%
Net Profit YoY
-10.2%
3.8%
EPS (diluted)
$0.34
$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
NWSA
NWSA
ZTS
ZTS
Q4 25
$2.4B
$2.4B
Q3 25
$2.1B
$2.4B
Q2 25
$1.6B
$2.5B
Q1 25
$2.0B
$2.2B
Q4 24
$2.2B
$2.3B
Q3 24
$2.6B
$2.4B
Q2 24
$2.6B
$2.4B
Q1 24
$2.4B
$2.2B
Net Profit
NWSA
NWSA
ZTS
ZTS
Q4 25
$193.0M
$603.0M
Q3 25
$112.0M
$721.0M
Q2 25
$743.0M
$718.0M
Q1 25
$103.0M
$631.0M
Q4 24
$215.0M
$581.0M
Q3 24
$119.0M
$682.0M
Q2 24
$50.0M
$624.0M
Q1 24
$30.0M
$599.0M
Gross Margin
NWSA
NWSA
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
NWSA
NWSA
ZTS
ZTS
Q4 25
31.9%
Q3 25
37.0%
Q2 25
8.5%
36.7%
Q1 25
7.5%
36.5%
Q4 24
19.2%
31.6%
Q3 24
7.9%
36.6%
Q2 24
4.3%
33.0%
Q1 24
2.6%
34.1%
Net Margin
NWSA
NWSA
ZTS
ZTS
Q4 25
8.2%
25.3%
Q3 25
5.2%
30.0%
Q2 25
45.6%
29.2%
Q1 25
5.1%
28.4%
Q4 24
9.6%
25.1%
Q3 24
4.6%
28.6%
Q2 24
1.9%
26.4%
Q1 24
1.2%
27.4%
EPS (diluted)
NWSA
NWSA
ZTS
ZTS
Q4 25
$0.34
$1.37
Q3 25
$0.20
$1.63
Q2 25
$1.30
$1.61
Q1 25
$0.18
$1.41
Q4 24
$0.38
$1.29
Q3 24
$0.21
$1.50
Q2 24
$0.09
$1.37
Q1 24
$0.05
$1.31

Balance Sheet & Financial Strength

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

Metric
NWSA
NWSA
ZTS
ZTS
Cash + ST InvestmentsLiquidity on hand
$2.1B
Total DebtLower is stronger
$2.0B
Stockholders' EquityBook value
$8.8B
$3.3B
Total Assets
$15.5B
$15.5B
Debt / EquityLower = less leverage
0.22×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
NWSA
NWSA
ZTS
ZTS
Q4 25
$2.1B
Q3 25
$2.2B
$2.1B
Q2 25
$2.4B
$1.4B
Q1 25
$2.1B
$1.7B
Q4 24
$1.8B
$2.0B
Q3 24
$1.8B
$1.7B
Q2 24
$2.0B
$1.6B
Q1 24
$1.9B
$2.0B
Total Debt
NWSA
NWSA
ZTS
ZTS
Q4 25
$2.0B
Q3 25
$2.0B
Q2 25
$2.0B
Q1 25
$2.0B
Q4 24
$2.0B
Q3 24
$2.9B
Q2 24
$2.9B
Q1 24
$2.9B
Stockholders' Equity
NWSA
NWSA
ZTS
ZTS
Q4 25
$8.8B
$3.3B
Q3 25
$8.7B
$5.4B
Q2 25
$8.8B
$5.0B
Q1 25
$8.2B
$4.7B
Q4 24
$8.1B
$4.8B
Q3 24
$8.3B
$5.2B
Q2 24
$8.1B
$5.0B
Q1 24
$8.1B
$5.1B
Total Assets
NWSA
NWSA
ZTS
ZTS
Q4 25
$15.5B
$15.5B
Q3 25
$15.3B
$15.2B
Q2 25
$15.5B
$14.5B
Q1 25
$16.6B
$14.1B
Q4 24
$16.2B
$14.2B
Q3 24
$16.9B
$14.4B
Q2 24
$16.7B
$14.2B
Q1 24
$16.5B
$14.3B
Debt / Equity
NWSA
NWSA
ZTS
ZTS
Q4 25
0.22×
Q3 25
0.22×
Q2 25
0.22×
Q1 25
0.24×
Q4 24
0.24×
Q3 24
0.35×
Q2 24
0.36×
Q1 24
0.36×

Cash Flow & Capital Efficiency

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

Metric
NWSA
NWSA
ZTS
ZTS
Operating Cash FlowLast quarter
$231.0M
$893.0M
Free Cash FlowOCF − Capex
$132.0M
$732.0M
FCF MarginFCF / Revenue
5.6%
30.7%
Capex IntensityCapex / Revenue
4.2%
6.7%
Cash ConversionOCF / Net Profit
1.20×
1.48×
TTM Free Cash FlowTrailing 4 quarters
$586.0M
$2.3B

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
NWSA
NWSA
ZTS
ZTS
Q4 25
$231.0M
$893.0M
Q3 25
$85.0M
$938.0M
Q2 25
$189.0M
$486.0M
Q1 25
$511.0M
$587.0M
Q4 24
$252.0M
$905.0M
Q3 24
$64.0M
$951.0M
Q2 24
$254.0M
$502.0M
Q1 24
$539.0M
$595.0M
Free Cash Flow
NWSA
NWSA
ZTS
ZTS
Q4 25
$132.0M
$732.0M
Q3 25
$4.0M
$805.0M
Q2 25
$32.0M
$308.0M
Q1 25
$418.0M
$438.0M
Q4 24
$190.0M
$689.0M
Q3 24
$-31.0M
$784.0M
Q2 24
$111.0M
$370.0M
Q1 24
$422.0M
$455.0M
FCF Margin
NWSA
NWSA
ZTS
ZTS
Q4 25
5.6%
30.7%
Q3 25
0.2%
33.5%
Q2 25
2.0%
12.5%
Q1 25
20.8%
19.7%
Q4 24
8.5%
29.7%
Q3 24
-1.2%
32.8%
Q2 24
4.3%
15.7%
Q1 24
17.4%
20.8%
Capex Intensity
NWSA
NWSA
ZTS
ZTS
Q4 25
4.2%
6.7%
Q3 25
3.8%
5.5%
Q2 25
9.6%
7.2%
Q1 25
4.6%
6.7%
Q4 24
2.8%
9.3%
Q3 24
3.7%
7.0%
Q2 24
5.5%
5.6%
Q1 24
4.8%
6.4%
Cash Conversion
NWSA
NWSA
ZTS
ZTS
Q4 25
1.20×
1.48×
Q3 25
0.76×
1.30×
Q2 25
0.25×
0.68×
Q1 25
4.96×
0.93×
Q4 24
1.17×
1.56×
Q3 24
0.54×
1.39×
Q2 24
5.08×
0.80×
Q1 24
17.97×
0.99×

Financial Flow Comparison

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

Revenue Breakdown by Segment

NWSA
NWSA

Book Publishing Segment$633.0M27%
Consumer$607.0M26%
News And Information Services Segment$570.0M24%
Real Estate$401.0M17%
Other Product Or Service$173.0M7%

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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