ZTS vs WAT

Comparison between Zoetis Inc - Class A (ZTS, Company) and Waters Corp (WAT, Company).

Both ZTS and WAT are from the Healthcare sector.

5-Year PerformanceWAT has outperformed ZTS, delivering a return of +1.8% compared to -13.7%

ZTS vs WAT - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	ZTS(COMPANY)	WAT(COMPANY)
Market Cap	$34B	$34B
Max Drawdown	69.96%	80.12%
Sharpe Ratio	-1.88	-0.06
5Y Beta	0.60	0.96
Industry	Drug Manufacturers - Specialty & Generic	Diagnostics & Research
P/E Ratio	12.92	93.57
Forward P/E	11.53	23.09
PEG Ratio	1.12	1.29
Dividend Yield	2.57%	N/A
5Y Dividends CAGR	23.25%	N/A
5Y EPS CAGR	10.56%	15.00%
Debt to Equity	279.77%	31.75%
Free Cash Flow Yield	6.37%	1.16%
P/S Ratio	3.51	8.89
P/B Ratio	10.23	2.14

Market Cap

ZTS

$34B

Winner

WAT

$34B

Max Drawdown

Winner

ZTS

69.96%

WAT

80.12%

Sharpe Ratio

ZTS

-1.88

Winner

WAT

-0.06

5Y Beta

Winner

ZTS

0.60

WAT

0.96

Industry

ZTS

Drug Manufacturers - Specialty & Generic

WAT

Diagnostics & Research

P/E Ratio

Winner

ZTS

12.92

WAT

93.57

Forward P/E

Winner

ZTS

11.53

WAT

23.09

PEG Ratio

Winner

ZTS

1.12

WAT

1.29

Dividend Yield

ZTS

2.57%

WAT

N/A

5Y Dividends CAGR

ZTS

23.25%

WAT

N/A

5Y EPS CAGR

ZTS

10.56%

Winner

WAT

15.00%

Debt to Equity

ZTS

279.77%

Winner

WAT

31.75%

Free Cash Flow Yield

Winner

ZTS

6.37%

WAT

1.16%

P/S Ratio

Winner

ZTS

3.51

WAT

8.89

P/B Ratio

ZTS

10.23

Winner

WAT

2.14

ZTS vs WAT - Historical Returns

Returns include dividend reinvestment.

Period	ZTS	WAT
1 month	-32.25%	+1.72%
3 months	-37.56%	+2.30%
6 months	-33.83%	-13.45%
1 year	-49.63%	-1.83%
5 years(CAGR)	-13.71%	+1.78%
10 years(CAGR)	+6.33%	+9.67%
Max(CAGR)	+8.28%	+10.30%

ZTS

-32.25%

Winner

WAT

+1.72%

ZTS

-37.56%

Winner

WAT

+2.30%

ZTS

-33.83%

Winner

WAT

-13.45%

ZTS

-49.63%

Winner

WAT

-1.83%

5Y(CAGR)

ZTS

-13.71%

Winner

WAT

+1.78%

10Y(CAGR)

ZTS

+6.33%

Winner

WAT

+9.67%

Max(CAGR)

ZTS

+8.28%

Winner

WAT

+10.30%

ZTS vs WAT - Annual Returns (1999 - 2026)

Returns include dividend reinvestment.

Year	ZTS	WAT
2026	-35.86%	-10.73%
2025	-21.60%	+3.14%
2024	-16.29%	+12.89%
2023	+35.62%	-4.73%
2022	-36.92%	-6.04%
2021	+49.99%	+48.95%
2020	+24.08%	+5.26%
2019	+57.66%	+27.39%
2018	+19.90%	-3.60%
2017	+35.39%	+41.60%
2016	+14.19%	+3.10%
2015	+11.44%	+18.18%
2014	+34.14%	+13.61%
2013	+6.07%	+12.73%
2012	N/A	+14.72%
2011	N/A	-5.19%
2010	N/A	+26.09%
2009	N/A	+62.67%
2008	N/A	-52.25%
2007	N/A	+61.76%
2006	N/A	+28.53%
2005	N/A	-17.41%
2004	N/A	+41.27%
2003	N/A	+50.59%
2002	N/A	-43.79%
2001	N/A	-50.87%
2000	N/A	+224.27%
1999	N/A	+4.83%

ZTS vs WAT Drawdown Comparison

The maximum drawdown for ZTS was -68.48%, occurring on May 15, 2026. This drawdown has not yet recovered.

The maximum drawdown for WAT was -80.12%, occurring on Jul 22, 2002. Recovery took 2656 trading sessions.

The current ZTS drawdown is -65.99%. The current WAT drawdown is -19.71%.

Rank	ZTS	WAT
#1	-68.48% Dec 29, 2021 - May 15, 2026	-80.12% Sep 28, 2000 - Apr 21, 2011
#2	-36.07% Feb 13, 2020 - Jul 17, 2020	-44.27% Sep 8, 2021 - Oct 30, 2023
#3	-28.58% Jun 25, 2015 - Jan 27, 2017	-35.86% Apr 8, 2019 - Jan 5, 2021
#4	-17.32% Mar 14, 2013 - Aug 19, 2014	-28.07% May 19, 2011 - Jun 17, 2013
#5	-17.28% Nov 4, 2020 - Apr 29, 2021	-27.49% Mar 6, 2000 - Jun 2, 2000
#6	-16.67% Nov 9, 2018 - Feb 15, 2019	-20.65% Jan 29, 2018 - Jan 23, 2019
#7	-10.71% Jan 26, 2018 - Feb 20, 2018	-19.26% Jul 12, 2000 - Aug 21, 2000
#8	-9.56% Oct 15, 2019 - Dec 19, 2019	-17.37% Aug 23, 2016 - Apr 25, 2017
#9	-9.08% Nov 28, 2014 - Feb 11, 2015	-17.28% Feb 20, 2014 - Nov 20, 2014
#10	-8.07% Sep 3, 2021 - Oct 25, 2021	-16.98% Dec 31, 1999 - Jan 25, 2000
#11	-7.28% Apr 24, 2015 - May 26, 2015	-16.76% Jun 18, 2015 - Apr 18, 2016
#12	-7.15% Sep 2, 2020 - Sep 30, 2020	-13.96% Nov 1, 1999 - Dec 29, 1999
#13	-6.98% Oct 3, 2018 - Nov 1, 2018	-13.28% Aug 28, 2000 - Sep 25, 2000
#14	-6.92% Apr 18, 2018 - Jun 8, 2018	-11.58% Sep 26, 2013 - Jan 28, 2014
#15	-6.90% Oct 3, 2014 - Nov 3, 2014	-10.25% Feb 17, 2000 - Feb 25, 2000