Viatris vs Zoetis
Viatris is the larger business, with $14.30bn of revenue in fiscal 2025 against $9.47bn for Zoetis (1.5 times as much). Zoetis grew faster (2.3% against -3.0%). Zoetis kept more of each dollar of sales as profit: a net margin of 28.2% against -24.6%. Viatris carries less debt relative to equity (98.0% against 267.9%).
| Latest fiscal year | ViatrisVTRS, 2025 | ZoetisZTS, 2025 |
|---|---|---|
| Revenue | $14.30bn | $9.47bn |
| Revenue growth | -3.0% | 2.3% |
| Net income | −$3.51bn | $2.67bn |
| Operating margin | -18.6% | — |
| Net margin | -24.6% | 28.2% |
| Return on equity | -21.1% | 65.3% |
| Free cash flow | $1.94bn | $2.28bn |
| Cash | $1.32bn | $2.45bn |
| Total debt | $14.41bn | $9.15bn |
| Debt to equity | 98.0% | 267.9% |
| Dividend per share | — | $2.03 |
| Dividend yield | — | 2.6% |
| Share buybacks | $501m | $3.23bn |
| Employees | 30,000 | — |
| Market value | $21.83bn | $34.37bn |
| Price vs our value range | Within our value range | Within our value range |
| Moat score | 42 (Weak) | 93 (Strong) |
| Insider trades, 12 months | 1 buys, 2 sales | 3 buys, 2 sales |