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Side-by-side financial comparison of OLIN Corp (OLN) 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 $1.7B, roughly 1.4× OLIN Corp). Zoetis runs the higher net margin — 25.3% vs -8.6%, a 33.9% gap on every dollar of revenue. On growth, Zoetis posted the faster year-over-year revenue change (3.0% vs -0.4%). Over the past eight quarters, Zoetis's revenue compounded faster (4.4% CAGR vs 0.9%).

Olin Corporation is an American manufacturer of ammunition, chlorine, and sodium hydroxide. The company traces its roots to two companies, both founded in 1892: Franklin W. Olin's Equitable Powder Company and the Mathieson Alkali Works. Accidents at Olin chemical plants have exposed employees and nearby residents to health hazards.

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...

OLN vs ZTS — Head-to-Head

Bigger by revenue
ZTS
ZTS
1.4× larger
ZTS
$2.4B
$1.7B
OLN
Growing faster (revenue YoY)
ZTS
ZTS
+3.4% gap
ZTS
3.0%
-0.4%
OLN
Higher net margin
ZTS
ZTS
33.9% more per $
ZTS
25.3%
-8.6%
OLN
Faster 2-yr revenue CAGR
ZTS
ZTS
Annualised
ZTS
4.4%
0.9%
OLN

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
OLN
OLN
ZTS
ZTS
Revenue
$1.7B
$2.4B
Net Profit
$-143.2M
$603.0M
Gross Margin
1.9%
70.2%
Operating Margin
-9.4%
31.9%
Net Margin
-8.6%
25.3%
Revenue YoY
-0.4%
3.0%
Net Profit YoY
-1517.8%
3.8%
EPS (diluted)
$-1.25
$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
OLN
OLN
ZTS
ZTS
Q4 25
$1.7B
$2.4B
Q3 25
$1.7B
$2.4B
Q2 25
$1.8B
$2.5B
Q1 25
$1.6B
$2.2B
Q4 24
$1.7B
$2.3B
Q3 24
$1.6B
$2.4B
Q2 24
$1.6B
$2.4B
Q1 24
$1.6B
$2.2B
Net Profit
OLN
OLN
ZTS
ZTS
Q4 25
$-143.2M
$603.0M
Q3 25
$43.7M
$721.0M
Q2 25
$-2.8M
$718.0M
Q1 25
$1.2M
$631.0M
Q4 24
$10.1M
$581.0M
Q3 24
$-25.2M
$682.0M
Q2 24
$72.3M
$624.0M
Q1 24
$47.8M
$599.0M
Gross Margin
OLN
OLN
ZTS
ZTS
Q4 25
1.9%
70.2%
Q3 25
10.7%
71.5%
Q2 25
7.9%
73.6%
Q1 25
9.0%
72.0%
Q4 24
9.4%
69.5%
Q3 24
8.5%
70.6%
Q2 24
14.5%
71.7%
Q1 24
12.7%
70.6%
Operating Margin
OLN
OLN
ZTS
ZTS
Q4 25
-9.4%
31.9%
Q3 25
4.8%
37.0%
Q2 25
2.0%
36.7%
Q1 25
2.7%
36.5%
Q4 24
2.8%
31.6%
Q3 24
1.0%
36.6%
Q2 24
8.3%
33.0%
Q1 24
5.9%
34.1%
Net Margin
OLN
OLN
ZTS
ZTS
Q4 25
-8.6%
25.3%
Q3 25
2.6%
30.0%
Q2 25
-0.2%
29.2%
Q1 25
0.1%
28.4%
Q4 24
0.6%
25.1%
Q3 24
-1.6%
28.6%
Q2 24
4.4%
26.4%
Q1 24
2.9%
27.4%
EPS (diluted)
OLN
OLN
ZTS
ZTS
Q4 25
$-1.25
$1.37
Q3 25
$0.37
$1.63
Q2 25
$-0.01
$1.61
Q1 25
$0.01
$1.41
Q4 24
$0.10
$1.29
Q3 24
$-0.21
$1.50
Q2 24
$0.62
$1.37
Q1 24
$0.40
$1.31

Balance Sheet & Financial Strength

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

Metric
OLN
OLN
ZTS
ZTS
Cash + ST InvestmentsLiquidity on hand
$167.6M
Total DebtLower is stronger
$2.8B
Stockholders' EquityBook value
$1.8B
$3.3B
Total Assets
$7.3B
$15.5B
Debt / EquityLower = less leverage
1.55×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
OLN
OLN
ZTS
ZTS
Q4 25
$167.6M
Q3 25
$2.1B
Q2 25
$1.4B
Q1 25
$1.7B
Q4 24
$175.6M
$2.0B
Q3 24
$1.7B
Q2 24
$1.6B
Q1 24
$2.0B
Total Debt
OLN
OLN
ZTS
ZTS
Q4 25
$2.8B
Q3 25
$3.0B
Q2 25
$3.0B
Q1 25
$3.0B
Q4 24
$2.7B
Q3 24
$2.8B
Q2 24
$2.8B
Q1 24
$2.7B
Stockholders' Equity
OLN
OLN
ZTS
ZTS
Q4 25
$1.8B
$3.3B
Q3 25
$2.0B
$5.4B
Q2 25
$2.0B
$5.0B
Q1 25
$2.0B
$4.7B
Q4 24
$2.0B
$4.8B
Q3 24
$2.1B
$5.2B
Q2 24
$2.1B
$5.0B
Q1 24
$2.2B
$5.1B
Total Assets
OLN
OLN
ZTS
ZTS
Q4 25
$7.3B
$15.5B
Q3 25
$7.6B
$15.2B
Q2 25
$7.7B
$14.5B
Q1 25
$7.7B
$14.1B
Q4 24
$7.6B
$14.2B
Q3 24
$7.5B
$14.4B
Q2 24
$7.7B
$14.2B
Q1 24
$7.6B
$14.3B
Debt / Equity
OLN
OLN
ZTS
ZTS
Q4 25
1.55×
Q3 25
1.52×
Q2 25
1.52×
Q1 25
1.50×
Q4 24
1.34×
Q3 24
1.34×
Q2 24
1.31×
Q1 24
1.24×

Cash Flow & Capital Efficiency

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

Metric
OLN
OLN
ZTS
ZTS
Operating Cash FlowLast quarter
$321.2M
$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
OLN
OLN
ZTS
ZTS
Q4 25
$321.2M
$893.0M
Q3 25
$26.7M
$938.0M
Q2 25
$212.3M
$486.0M
Q1 25
$-86.0M
$587.0M
Q4 24
$141.7M
$905.0M
Q3 24
$189.9M
$951.0M
Q2 24
$90.6M
$502.0M
Q1 24
$81.0M
$595.0M
Free Cash Flow
OLN
OLN
ZTS
ZTS
Q4 25
$732.0M
Q3 25
$-44.4M
$805.0M
Q2 25
$308.0M
Q1 25
$-147.4M
$438.0M
Q4 24
$90.7M
$689.0M
Q3 24
$146.6M
$784.0M
Q2 24
$34.1M
$370.0M
Q1 24
$36.7M
$455.0M
FCF Margin
OLN
OLN
ZTS
ZTS
Q4 25
30.7%
Q3 25
-2.6%
33.5%
Q2 25
12.5%
Q1 25
-9.0%
19.7%
Q4 24
5.4%
29.7%
Q3 24
9.2%
32.8%
Q2 24
2.1%
15.7%
Q1 24
2.2%
20.8%
Capex Intensity
OLN
OLN
ZTS
ZTS
Q4 25
6.7%
Q3 25
4.2%
5.5%
Q2 25
7.2%
Q1 25
3.7%
6.7%
Q4 24
3.1%
9.3%
Q3 24
2.7%
7.0%
Q2 24
3.4%
5.6%
Q1 24
2.7%
6.4%
Cash Conversion
OLN
OLN
ZTS
ZTS
Q4 25
1.48×
Q3 25
0.61×
1.30×
Q2 25
0.68×
Q1 25
-71.67×
0.93×
Q4 24
14.03×
1.56×
Q3 24
1.39×
Q2 24
1.25×
0.80×
Q1 24
1.69×
0.99×

Financial Flow Comparison

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

Revenue Breakdown by Segment

OLN
OLN

Chlorinechlorinederivativesandothercoproducts$456.2M27%
Causticsoda$400.2M24%
Militaryandlawenforcement$304.6M18%
Epoxyresins$194.9M12%
Aromaticsandallylics$164.4M10%
Commercial$144.8M9%

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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