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Side-by-side financial comparison of Roper Technologies (ROP) 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 $2.1B, roughly 1.1× Roper Technologies). Zoetis runs the higher net margin — 25.3% vs 15.8%, a 9.5% gap on every dollar of revenue. On growth, Roper Technologies posted the faster year-over-year revenue change (11.3% vs 3.0%). Zoetis produced more free cash flow last quarter ($732.0M vs $507.0M). Over the past eight quarters, Roper Technologies's revenue compounded faster (10.5% CAGR vs 4.4%).

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...

ROP vs ZTS — Head-to-Head

Bigger by revenue
ZTS
ZTS
1.1× larger
ZTS
$2.4B
$2.1B
ROP
Growing faster (revenue YoY)
ROP
ROP
+8.3% gap
ROP
11.3%
3.0%
ZTS
Higher net margin
ZTS
ZTS
9.5% more per $
ZTS
25.3%
15.8%
ROP
More free cash flow
ZTS
ZTS
$225.0M more FCF
ZTS
$732.0M
$507.0M
ROP
Faster 2-yr revenue CAGR
ROP
ROP
Annualised
ROP
10.5%
4.4%
ZTS

Income Statement — Q1 FY2026 vs Q4 FY2025

Metric
ROP
ROP
ZTS
ZTS
Revenue
$2.1B
$2.4B
Net Profit
$331.0M
$603.0M
Gross Margin
69.4%
70.2%
Operating Margin
27.2%
31.9%
Net Margin
15.8%
25.3%
Revenue YoY
11.3%
3.0%
Net Profit YoY
842.6%
3.8%
EPS (diluted)
$4.87
$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
ROP
ROP
ZTS
ZTS
Q1 26
$2.1B
Q4 25
$2.1B
$2.4B
Q3 25
$2.0B
$2.4B
Q2 25
$1.9B
$2.5B
Q1 25
$1.9B
$2.2B
Q4 24
$1.9B
$2.3B
Q3 24
$1.8B
$2.4B
Q2 24
$1.7B
$2.4B
Net Profit
ROP
ROP
ZTS
ZTS
Q1 26
$331.0M
Q4 25
$428.4M
$603.0M
Q3 25
$398.5M
$721.0M
Q2 25
$378.3M
$718.0M
Q1 25
$331.1M
$631.0M
Q4 24
$462.3M
$581.0M
Q3 24
$367.9M
$682.0M
Q2 24
$337.1M
$624.0M
Gross Margin
ROP
ROP
ZTS
ZTS
Q1 26
69.4%
Q4 25
69.5%
70.2%
Q3 25
69.5%
71.5%
Q2 25
69.2%
73.6%
Q1 25
68.7%
72.0%
Q4 24
68.3%
69.5%
Q3 24
69.2%
70.6%
Q2 24
69.5%
71.7%
Operating Margin
ROP
ROP
ZTS
ZTS
Q1 26
27.2%
Q4 25
28.6%
31.9%
Q3 25
28.4%
37.0%
Q2 25
28.2%
36.7%
Q1 25
27.9%
36.5%
Q4 24
28.0%
31.6%
Q3 24
28.1%
36.6%
Q2 24
28.8%
33.0%
Net Margin
ROP
ROP
ZTS
ZTS
Q1 26
15.8%
Q4 25
20.8%
25.3%
Q3 25
19.8%
30.0%
Q2 25
19.5%
29.2%
Q1 25
17.6%
28.4%
Q4 24
24.6%
25.1%
Q3 24
20.8%
28.6%
Q2 24
19.6%
26.4%
EPS (diluted)
ROP
ROP
ZTS
ZTS
Q1 26
$4.87
Q4 25
$3.97
$1.37
Q3 25
$3.68
$1.63
Q2 25
$3.49
$1.61
Q1 25
$3.06
$1.41
Q4 24
$4.29
$1.29
Q3 24
$3.40
$1.50
Q2 24
$3.12
$1.37

Balance Sheet & Financial Strength

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

Metric
ROP
ROP
ZTS
ZTS
Cash + ST InvestmentsLiquidity on hand
$382.9M
Total DebtLower is stronger
$9.7B
Stockholders' EquityBook value
$18.8B
$3.3B
Total Assets
$34.6B
$15.5B
Debt / EquityLower = less leverage
0.52×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
ROP
ROP
ZTS
ZTS
Q1 26
$382.9M
Q4 25
$297.4M
Q3 25
$320.0M
$2.1B
Q2 25
$242.4M
$1.4B
Q1 25
$372.8M
$1.7B
Q4 24
$188.2M
$2.0B
Q3 24
$269.6M
$1.7B
Q2 24
$251.5M
$1.6B
Total Debt
ROP
ROP
ZTS
ZTS
Q1 26
$9.7B
Q4 25
$9.3B
Q3 25
Q2 25
Q1 25
Q4 24
$7.6B
Q3 24
Q2 24
Stockholders' Equity
ROP
ROP
ZTS
ZTS
Q1 26
$18.8B
Q4 25
$19.9B
$3.3B
Q3 25
$20.0B
$5.4B
Q2 25
$19.6B
$5.0B
Q1 25
$19.2B
$4.7B
Q4 24
$18.9B
$4.8B
Q3 24
$18.5B
$5.2B
Q2 24
$18.1B
$5.0B
Total Assets
ROP
ROP
ZTS
ZTS
Q1 26
$34.6B
Q4 25
$34.6B
$15.5B
Q3 25
$34.6B
$15.2B
Q2 25
$33.2B
$14.5B
Q1 25
$31.4B
$14.1B
Q4 24
$31.3B
$14.2B
Q3 24
$31.6B
$14.4B
Q2 24
$29.8B
$14.2B
Debt / Equity
ROP
ROP
ZTS
ZTS
Q1 26
0.52×
Q4 25
0.47×
Q3 25
Q2 25
Q1 25
Q4 24
0.40×
Q3 24
Q2 24

Cash Flow & Capital Efficiency

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

Metric
ROP
ROP
ZTS
ZTS
Operating Cash FlowLast quarter
$893.0M
Free Cash FlowOCF − Capex
$507.0M
$732.0M
FCF MarginFCF / Revenue
24.2%
30.7%
Capex IntensityCapex / Revenue
0.5%
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
ROP
ROP
ZTS
ZTS
Q1 26
Q4 25
$738.0M
$893.0M
Q3 25
$869.5M
$938.0M
Q2 25
$404.1M
$486.0M
Q1 25
$528.7M
$587.0M
Q4 24
$722.2M
$905.0M
Q3 24
$755.4M
$951.0M
Q2 24
$384.1M
$502.0M
Free Cash Flow
ROP
ROP
ZTS
ZTS
Q1 26
$507.0M
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
ROP
ROP
ZTS
ZTS
Q1 26
24.2%
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
ROP
ROP
ZTS
ZTS
Q1 26
0.5%
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
ROP
ROP
ZTS
ZTS
Q1 26
Q4 25
1.72×
1.48×
Q3 25
2.18×
1.30×
Q2 25
1.07×
0.68×
Q1 25
1.60×
0.93×
Q4 24
1.56×
1.56×
Q3 24
2.05×
1.39×
Q2 24
1.14×
0.80×

Financial Flow Comparison

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

Revenue Breakdown by Segment

ROP
ROP

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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