ZTS

Value Q1, 25Q2, 25Q3, 25Q4, 25Q1, 26Q2, 26 Current Total common shares outstanding 445.21 M443.18 M440.69 M422.13 M419.23 M413.22 M 413.22 M Enterprise value 78.16 B72.91 B69.47 B62.15 B56.66 B37.27 B 38.74 B Price to earnings ratio 29.5626.8424.6320.919.3811.74 12.33 Price to sales ratio 8.057.56.995.95.443.26 3.42 Price to cash flow ratio 25.424.0922.5419.2318.6710.99 11.53 Price to book ratio 3.813.593.3216.763.072.06 2.16 Enterprise value to EBITDA ratio 21.4719.9718.549.3413.177.61 10.39 Return on assets % 0.040.050.050.040.040.05 0.05 Return on equity % 0.140.140.130.190.190.22 0.22 Return on invested capital % 26.0126.2825.46—22.2425.17 25.17 Gross margin % 71.9873.6271.5469.9471.6672.73 72.73 Operating margin % 40.537.4437.0826.8535.136.35 36.35 EBITDA margin % 45.8640.8542.2531.940.3641.17 41.17 Net margin % 28.4229.1930.0426.0526.5728 28 Quick ratio 1.041.042.281.941.911.84 1.84 Current ratio 1.741.763.643.033.153.08 3.08 Inventory turnover 0.270.270.280.290.260.26 0.26 Asset turnover 0.160.170.160.160.150.16 0.16 Debt to assets ratio 0.370.360.470.580.60.6 0.6 Debt to equity ratio 1.121.051.312.712.82.87 2.87 Long term debt to total assets ratio 0.480.460.480.590.610.61 0.61 Long term debt to total equity ratio 1.441.351.342.722.862.93 2.93 Operating cash flow per share 1.311.252.012.010.951.57 6.54 EBIT per share 2.012.072.011.51.882.15 7.53 EBITDA per share 2.272.262.291.722.162.43 8.6 Total debt per share 14.6811.7415.9520.3721.4121.66 21.66 Cash per share 3.843.224.7—4.64.01 4.01 Net current asset value per share 13.1213.314.8515.2515.3315.22 15.22 Tangible book value per share 10.3911.173.6-0.98-1.19-1.3 -1.3 Working capital per share 5.565.7410.7810.2110.4710.28 10.28 Book value per share 10.3911.1712.187.517.657.54 7.54