Zoetis Gross Margin 2011-2024 | ZTS
- Zoetis average gross margin for 2023 was 69.98%, a 0.19% increase from 2022.
- Zoetis average gross margin for 2022 was 70.11%, a 0.53% decline from 2021.
- Zoetis average gross margin for 2021 was 69.74%, a 0.32% increase from 2020.
Gross margin can be defined as a company's total sales revenue minus its cost of goods sold, divided by the total sales revenue, expressed as a percentage.