Zoetis Inc. ZTS
Revenue Intelligence Report • 56 quarters of SEC filing data • Updated 2026-03-15
Zoetis Inc. has a forecasted full-year revenue of $10.0B, a +5.3% year-over-year change, based on 56 quarters of SEC filing data. The ARDL model achieves strong accuracy at 2.2% MAPE.
Investment Thesis
Our ARDL model tracks Zoetis Inc.'s revenue with exceptional precision (2.2% MAPE), indicating highly predictable cash flows.
Next FY Revenue
$9.97B
+5.3% YoY
SG&A Elasticity
-0.30x
Model Accuracy
2.2% MAPE
Holdout validation: The model predicted $2.4B vs the actual $2.4B — an error of 0.5%.
⚠ Model limitation:
This company shows negative spending multipliers, meaning increases in spending have not directly translated into revenue growth. This typically occurs with commodity-driven companies or hypergrowth companies.
Note:
Zoetis Inc. does not report R&D expenses separately. This analysis uses SG&A spending only.
Revenue Forecast
Quarterly Detail
| Quarter | Model Forecast | Actual | 95% Range | YoY Growth | Status |
|---|---|---|---|---|---|
| Q4 2025 | $2.4B | $2.4B | $2.3B – $2.5B | +3.6% | ✓ In range |
| Q1 2026 | $2.4B | $2.2B – $2.6B | +9.3% | ||
| Q2 2026 | $2.5B | $2.3B – $2.8B | +1.8% | ||
| Q3 2026 | $2.5B | $2.2B – $2.8B | +4.7% | ||
| Q4 2026 | $2.5B | $2.2B – $2.9B | +5.7% |
Seasonal Factors
Multiplicative seasonal adjustment:
These factors capture Zoetis Inc.'s systematic quarterly revenue patterns relative to the trend model.
A factor of 1.05 means that quarter typically runs 5% above the underlying trend; 0.95 means 5% below.
Factors are computed as the median of (actual / fitted) across all available quarters.
| Fiscal Quarter | Seasonal Factor | vs Trend | Interpretation | Obs. |
|---|---|---|---|---|
| FQ1 (Sep–Nov) | 0.9988 | -0.1% | In line with trend | 13 |
| FQ2 (Dec–Feb) | 0.9891 | -1.1% | In line with trend | 13 |
| FQ3 (Mar–May) | 0.9872 | -1.3% | In line with trend | 13 |
| FQ4 (Jun–Aug) | 0.9986 | -0.1% | In line with trend | 13 |
How Spending Drives Revenue
Reading this chart:
Each line shows the cumulative elasticity — how a 1% increase in spending translates to revenue growth over subsequent quarters. The effect builds over 4-5 quarters as investments compound.
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