Saturday 17 October 2026 Export ECL’s income statement to Excel — free account

Ecolab Inc.

Ecolab Inc.’s revenue for fiscal 2025 (year ended December 2025) was $16.1 billion, up 2.16% from fiscal 2024. In the quarter to June 2026, revenue grew 9.69%, EPS grew 3.24%, free cash flow fell 2.91% and total debt rose 60.5%, each against the same quarter a year earlier. Member of the S&P 500; dividend growth for twenty-five consecutive years, revenue growth for five, operating cash flow growth for three; insiders bought in the last twelve months.

287.52 3.29 −1.13%

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Market cap: $81.5B
P/E: 38.3×
Fwd P/E: 32.3×
Dividend yield: 1.02%
F-score: 6/9
Altman Z: 4.76
Beneish M: −2.51
Dividend safety: 89/100

Overview Business Profile Financial Analysis Income Statement Balance Sheet Cash Flow Metrics & Ratios Filings 10-Q 10-K

Insider Decisions trades per month

Total buys 2.91

Total sells 27.15

Totals in millions of $.

	Dec 25			Mar 26			Jun 26			Sep 26
Buy	—	1	—	—	—	—	2	2	—	—	—	—
Sell	2	—	—	6	—	—	1	1	1	2	—	—

Insider Ownership 10.67%

Capital & Financial Ratios $m

Market Cap 81,520.00

Revenue 16,842.50

Net Income 2,133.60

Free Cash Flow 1,886.40

Net Debt 8,040.90

Current Ratio 1.84

Debt/Equity 1.31

P/E ratio 38.34

Fwd P/E 32.30

P/S ratio 4.79

P/B ratio 8.00

Past 5Y EPS Growth —

This Y EPS Growth 8.23%

Next Y EPS Growth 15.11%

Next Y revenue growth 11.47%

Next 5Y EPS Growth 12.47%

Green and red mark values outside typical ranges. How we judge →

Valuation vs history

EV/Sales, ten years

P/E against its own 10 years 64.93%

10-year low 10-year high

P/S against its own 10 years 75.19%

10-year low 10-year high

P/B against its own 10 years 72.54%

10-year low 10-year high

EV/Sales against its own 10 years 76.37%

10-year low 10-year high

EV/FCF against its own 10 years 75.49%

10-year low 10-year high

Dividends

Payout Ratio 0.39

Annual Dividend Rate 2.92

Annual Dividend Yield 1.02%

	total	individual payouts
2028	Powerpack
2027	Powerpack
2026	2.94	0.73 0.73 0.73
2025	2.68	0.65 0.65 0.65 0.73
2024	2.36	0.57 0.57 0.57 0.65
2023	2.16	0.53 0.53 0.53 0.57
2022	2.06	0.51 0.51 0.51 0.53
2021	1.95	0.48 0.48 0.48 0.51
2020	1.89	0.47 0.47 0.47 0.48
2019	1.85	0.46 0.46 0.46 0.47
2018	1.69	0.41 0.41 0.41 0.46
2017	1.52	0.37 0.37 0.37 0.41
2016	1.42	0.35 0.35 0.35 0.37

predictions special payouts not included in total or ratios

Assets vs Liabilities $m

	2023	2024	2025	Q'26
Cash	920	1,257	646	5,135
Receivables	2,834	2,865	3,249	3,453
Inventory	1,497	1,465	1,490	1,644
Other	393	439	570	788
	5,644	6,026	5,956	11,020

	2023	2024	2025	Q'26
Payables	1,566	1,810	2,071	2,158
ST’ Debt	630	616	870	1,271
Other	1,335	1,513	1,738	1,863
	4,346	4,793	5,535	5,987

Compound Annual Growth %

	10y	5y	3y
Sales	1.73%	6.40%	4.26%
Cash Flow	3.97%	9.68%	18.19%
Earnings	7.55%	0.00%	23.88%
Book Value	3.46%	9.59%	10.54%

Revenue $m

	Mar	Jun	Sep	Dec	Year
’26	4,066	4,415	—	—	—
’25	3,695	4,025	4,165	4,196	16,081
’24	3,752	3,986	3,999	4,005	15,741
’23	3,572	3,852	3,958	3,938	15,320
’22	3,267	3,581	3,669	3,671	14,188
’21	2,885	3,163	3,321	3,365	12,733
’20	3,021	2,686	3,019	3,065	11,790

Fiscal quarters ending in the months shown.

Operating Cash Flow $m

	Mar	Jun	Sep	Dec	Year
’26	446	730	—	—	—
’25	369	702	791	1,090	2,953
’24	649	611	787	767	2,814
’23	198	573	788	853	2,412
’22	170	322	437	859	1,788
’21	295	503	623	641	2,062
’20	372	387	452	650	1,860

Fiscal quarters ending in the months shown.

Free Cash Flow $m

	Mar	Jun	Sep	Dec	Year
’26	98	491	—	—	—
’25	153	506	534	764	1,957
’24	449	417	550	415	1,831
’23	29	405	622	590	1,647
’22	22	154	245	657	1,078
’21	193	360	457	422	1,431
’20	225	285	341	526	1,377

Fiscal quarters ending in the months shown.

EPS $

	Mar	Jun	Sep	Dec	Year
’26	1.52	1.90	—	—	—
’25	1.41	1.84	2.05	1.98	7.28
’24	1.43	1.71	2.58	1.66	7.37
’23	0.82	1.15	1.41	1.41	4.79
’22	0.60	1.08	1.21	0.93	3.81
’21	0.67	1.08	1.12	1.04	3.91
’20	0.97	(6.98)	0.85	1.04	(4.15)

Fiscal quarters ending in the months shown.

Group	Line	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025	2026e
Price, $
Price, $	Low	98.62	117.29	125.74	141.30	124.60	201.15	131.04	143.91	193.46	221.62	Analyst estimates 2026–2028 Powerpack
	High	124.60	137.96	162.91	209.87	231.36	238.93	237.38	201.62	262.61	286.04
People
People	Employees	47,565	48,400	49,000	50,200	44,000	47,000	47,000	48,000	48,000	48,000
	Revenue/emp, $m	0.28	0.29	0.25	0.25	0.27	0.27	0.30	0.32	0.33	0.34
Income, $m
Income, $m	Revenue	13,152	13,836	12,222	12,562	11,790	12,733	14,188	15,320	15,741	16,081
	Gross margin, %	42.72	41.72	43.75	43.91	41.43	40.19	37.76	40.24	43.46	44.46
	EBT	1,649	1,762	1,587	1,732	1,161	1,414	1,343	1,756	2,571	2,548
	EBT margin, %	12.54	12.74	12.99	13.78	9.85	11.11	9.47	11.46	16.33	15.84
	Net income	1,247	1,519	1,440	1,443	(1,185)	1,144	1,109	1,393	2,132	2,093
	Depreciation	851	893	730	775	813	843	939	924	935	976
Per share, $
Per share, $	Revenue	44.96	47.78	42.35	43.60	41.08	44.47	49.75	53.76	55.37	56.76
	Earnings	4.20	5.21	4.95	5.41	(4.20)	3.95	3.83	4.82	7.43	7.33
	Cash flow	6.63	7.22	7.89	8.40	6.48	7.20	6.27	8.46	9.90	10.42
	Capex	(2.48)	(2.96)	(2.60)	(2.51)	(1.69)	(2.20)	(2.49)	(2.68)	(3.46)	(3.52)
	Free cash flow	4.15	4.26	5.29	5.89	4.80	5.00	3.78	5.78	6.44	6.91
	Book value	23.83	26.43	27.91	30.29	21.61	25.33	25.45	28.32	30.92	34.61
	Shares, m	293	290	289	288	287	286	285	285	284	283
Valuation, ×
Valuation, ×	P/E	28.10	25.77	29.71	35.67	0.00	59.39	38.44	41.12	31.54	35.81
	P/S	2.63	2.82	3.48	4.43	5.27	5.27	2.96	3.69	4.23	4.62
	P/B	4.95	5.09	5.28	6.37	10.01	9.26	5.78	7.00	7.58	7.59
	EV/Sales	3.11	3.33	4.05	4.92	5.73	5.93	3.52	4.16	4.63	5.10
	EV/FCF	33.70	37.35	32.39	36.44	49.05	52.80	46.36	38.71	39.83	41.89
Cash, $m
Cash, $m	Operating cash flow	1,940	2,091	2,278	2,421	1,860	2,062	1,788	2,412	2,814	2,953
	Capex	(726)	(858)	(751)	(724)	(484)	(631)	(711)	(765)	(983)	(996)
	Free cash flow	1,213	1,233	1,527	1,697	1,377	1,431	1,078	1,647	1,831	1,957
Balance, $m
Balance, $m	Working capital	1,260	1,119	992	1,198	2,185	1,134	1,284	1,298	1,233	421
	Total debt	6,687	7,323	7,045	6,354	6,687	8,758	8,580	8,182	7,565	8,236
	Net debt	6,360	7,111	6,931	6,235	5,426	8,398	7,982	7,262	6,308	7,590
	Shareholders’ equity	6,971	7,654	8,054	8,726	6,202	7,253	7,259	8,072	8,789	9,805
Returns, %
Returns, %	ROA	6.65	7.86	7.14	7.61	(6.18)	5.75	5.12	6.34	9.55	8.82
	ROIC	8.77	8.25	7.21	7.71	7.50	6.38	6.41	8.12	11.60	9.84
	ROE	17.62	20.58	18.20	18.58	(16.15)	16.80	15.05	17.90	25.06	22.33

Negative figures in brackets.

All 10 years →

Fiscal years to Dec 2025 · latest quarter Jun 2026

Charts ten years each

Company	Market cap	P/E	Fwd P/E	Revenue growth (Q)	EPS growth (Q)	FCF growth (Q)	Gross margin (Q)	EBIT margin (Q)	Compare
LIN Linde PLC	$227.4B	32.0×	30.9×	+9.35% (above 0%: growing)	+11.20% (above 0%: growing)	−12.68% (below 0%: shrinking)	47.67%	27.49%	Compare
SHW The Sherwin-Williams Company	$81.8B	30.6×	28.0×	+7.52% (above 0%: growing)	+13.82% (above 0%: growing)	+33.68% (above 0%: growing)	49.17%	18.13%	Compare
ECL Ecolab Inc.	$81.5B	38.3×	32.3×	+9.69% (above 0%: growing)	+3.24% (above 0%: growing)	−2.91% (below 0%: shrinking)	44.07%	17.16%
APD Air Products and Chemicals, Inc.	$66.1B	— (loss-making)	21.5×	+4.58% (above 0%: growing)	n/m	+180.09% (above 0%: growing)	32.77%	(66.34%)	Compare
PPG PPG Industries, Inc.	$24.0B	15.3×	15.5×	+7.15% (above 0%: growing)	−1.01% (below 0%: shrinking)	+67.67% (above 0%: growing)	40.22%	14.15%	Compare
IFF International Flavors & Fragrances Inc.	$23.0B	83.2×	29.3×	+1.82% (above 0%: growing)	−91.63% (below 0%: shrinking)	+94.52% (above 0%: growing)	43.65%	8.09%	Compare
LYB LyondellBasell Industries N.V.	$20.2B	— (loss-making)	6.4×	+19.84% (above 0%: growing)	+388.57% (above 0%: growing)	+356.38% (above 0%: growing)	22.21%	16.81%	Compare
DD DuPont de Nemours, Inc.	$17.8B	290×	26.5×	+4.00% (above 0%: growing)	+150.00% (above 0%: growing)	+1,250.00% (above 0%: growing)	35.13%	16.38%	Compare
RPM RPM International Inc.	$12.8B	18.4×	18.3×	+4.82% (above 0%: growing)	+13.75% (above 0%: growing)	+33.14% (above 0%: growing)	41.25%	15.99%	Compare
Median of peers	$23.5B	31.3×	24.0×	+5.99%	+13.75%	+81.10%	40.74%	16.19%

All 60 Specialty Chemicals stocks →

Ecolab Inc. (ECL) key facts

Concern: Net income was $2.1 billion, or $7.33 per share (basic), a net margin of 12.9%.
Strength: Ecolab Inc.’s revenue for fiscal 2025 (year ended December 2025) was $16.1 billion, up 2.16% from fiscal 2024.
Ecolab Inc. (ECL) is a Specialty Chemicals company in the Basic Materials sector, listed on the New York Stock Exchange.
As of October 16, 2026, ECL traded at $287.52, a market capitalization of $81.5 billion.
At that price the stock trades at 38.3× trailing-twelve-month earnings and 4.8× sales; its P/E is higher than 65% of its own readings over the past ten years.
Ecolab Inc. pays an annual dividend of $2.92 per share, a yield of 1.02%, with a payout ratio of 39.2%.
Return on equity was 22.3% and debt-to-equity 1.31.
Its Piotroski F-score is 6 out of 9 and its Altman Z-score is 4.76 (safe zone) for fiscal 2025.