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Side-by-side financial comparison of Permian Resources Corp (PR) 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 $1.2B, roughly 1.9× Permian Resources Corp). Permian Resources Corp runs the higher net margin — 29.0% vs 26.6%, a 2.5% gap on every dollar of revenue. On growth, Zoetis posted the faster year-over-year revenue change (2.9% vs -9.8%). Over the past eight quarters, Zoetis's revenue compounded faster (-2.1% CAGR vs -3.0%).

Pioneer Natural Resources Company, headquartered in Irving, Texas, was a company engaged in hydrocarbon exploration. It operated in the Cline Shale, which is part of the Spraberry Trend of the Permian Basin, where the company was the largest acreage holder. In May 2024, the company was acquired by ExxonMobil.

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...

PR vs ZTS — Head-to-Head

Bigger by revenue
ZTS
ZTS
1.9× larger
ZTS
$2.3B
$1.2B
PR
Growing faster (revenue YoY)
ZTS
ZTS
+12.7% gap
ZTS
2.9%
-9.8%
PR
Higher net margin
PR
PR
2.5% more per $
PR
29.0%
26.6%
ZTS
Faster 2-yr revenue CAGR
ZTS
ZTS
Annualised
ZTS
-2.1%
-3.0%
PR

Income Statement — Q4 FY2025 vs Q1 FY2026

Metric
PR
PR
ZTS
ZTS
Revenue
$1.2B
$2.3B
Net Profit
$339.5M
$601.0M
Gross Margin
71.7%
Operating Margin
23.1%
Net Margin
29.0%
26.6%
Revenue YoY
-9.8%
2.9%
Net Profit YoY
56.7%
-0.2%
EPS (diluted)
$0.48
$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
PR
PR
ZTS
ZTS
Q1 26
$2.3B
Q4 25
$1.2B
$2.4B
Q3 25
$1.3B
$2.4B
Q2 25
$1.2B
$2.5B
Q1 25
$1.4B
$2.2B
Q4 24
$1.3B
$2.3B
Q3 24
$1.2B
$2.4B
Q2 24
$1.2B
$2.4B
Net Profit
PR
PR
ZTS
ZTS
Q1 26
$601.0M
Q4 25
$339.5M
$603.0M
Q3 25
$59.2M
$721.0M
Q2 25
$207.1M
$718.0M
Q1 25
$329.3M
$631.0M
Q4 24
$216.7M
$581.0M
Q3 24
$386.4M
$682.0M
Q2 24
$235.1M
$624.0M
Gross Margin
PR
PR
ZTS
ZTS
Q1 26
71.7%
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%
Operating Margin
PR
PR
ZTS
ZTS
Q1 26
Q4 25
23.1%
31.9%
Q3 25
29.6%
37.0%
Q2 25
24.8%
36.7%
Q1 25
36.6%
36.5%
Q4 24
32.8%
31.6%
Q3 24
32.5%
36.6%
Q2 24
36.5%
33.0%
Net Margin
PR
PR
ZTS
ZTS
Q1 26
26.6%
Q4 25
29.0%
25.3%
Q3 25
4.5%
30.0%
Q2 25
17.3%
29.2%
Q1 25
23.9%
28.4%
Q4 24
16.7%
25.1%
Q3 24
31.8%
28.6%
Q2 24
18.9%
26.4%
EPS (diluted)
PR
PR
ZTS
ZTS
Q1 26
$1.42
Q4 25
$0.48
$1.37
Q3 25
$0.08
$1.63
Q2 25
$0.28
$1.61
Q1 25
$0.44
$1.41
Q4 24
$0.31
$1.29
Q3 24
$0.53
$1.50
Q2 24
$0.36
$1.37

Balance Sheet & Financial Strength

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

Metric
PR
PR
ZTS
ZTS
Cash + ST InvestmentsLiquidity on hand
$153.7M
Total DebtLower is stronger
$3.5B
Stockholders' EquityBook value
$10.3B
Total Assets
$17.9B
Debt / EquityLower = less leverage
0.34×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
PR
PR
ZTS
ZTS
Q1 26
Q4 25
$153.7M
Q3 25
$111.8M
$2.1B
Q2 25
$451.0M
$1.4B
Q1 25
$702.2M
$1.7B
Q4 24
$479.3M
$2.0B
Q3 24
$272.0M
$1.7B
Q2 24
$47.8M
$1.6B
Total Debt
PR
PR
ZTS
ZTS
Q1 26
Q4 25
$3.5B
Q3 25
$3.5B
Q2 25
$4.0B
Q1 25
$4.0B
Q4 24
$4.2B
Q3 24
$4.2B
Q2 24
$3.9B
Stockholders' Equity
PR
PR
ZTS
ZTS
Q1 26
Q4 25
$10.3B
$3.3B
Q3 25
$10.0B
$5.4B
Q2 25
$9.5B
$5.0B
Q1 25
$9.4B
$4.7B
Q4 24
$9.1B
$4.8B
Q3 24
$9.0B
$5.2B
Q2 24
$8.3B
$5.0B
Total Assets
PR
PR
ZTS
ZTS
Q1 26
Q4 25
$17.9B
$15.5B
Q3 25
$17.3B
$15.2B
Q2 25
$17.5B
$14.5B
Q1 25
$17.1B
$14.1B
Q4 24
$16.9B
$14.2B
Q3 24
$16.6B
$14.4B
Q2 24
$15.4B
$14.2B
Debt / Equity
PR
PR
ZTS
ZTS
Q1 26
Q4 25
0.34×
Q3 25
0.35×
Q2 25
0.42×
Q1 25
0.43×
Q4 24
0.46×
Q3 24
0.47×
Q2 24
0.46×

Cash Flow & Capital Efficiency

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

Metric
PR
PR
ZTS
ZTS
Operating Cash FlowLast quarter
$904.3M
Free Cash FlowOCF − Capex
FCF MarginFCF / Revenue
Capex IntensityCapex / Revenue
Cash ConversionOCF / Net Profit
2.66×
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
PR
PR
ZTS
ZTS
Q1 26
Q4 25
$904.3M
$893.0M
Q3 25
$766.5M
$938.0M
Q2 25
$1.0B
$486.0M
Q1 25
$898.0M
$587.0M
Q4 24
$871.6M
$905.0M
Q3 24
$954.4M
$951.0M
Q2 24
$938.4M
$502.0M
Free Cash Flow
PR
PR
ZTS
ZTS
Q1 26
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
FCF Margin
PR
PR
ZTS
ZTS
Q1 26
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%
Capex Intensity
PR
PR
ZTS
ZTS
Q1 26
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%
Cash Conversion
PR
PR
ZTS
ZTS
Q1 26
Q4 25
2.66×
1.48×
Q3 25
12.94×
1.30×
Q2 25
5.01×
0.68×
Q1 25
2.73×
0.93×
Q4 24
4.02×
1.56×
Q3 24
2.47×
1.39×
Q2 24
3.99×
0.80×

Financial Flow Comparison

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

Revenue Breakdown by Segment

PR
PR

Crude Oil$1.0B87%
Natural Gas Liquids Reserves$145.1M12%

ZTS
ZTS

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

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