Financials · ECL

Ecolab Inc. (ECL) financials

For the twelve months ended Sep 30, 2026, Ecolab Inc. reported $17.37B of revenue and $2.08B of net income.

Revenue, TTM
$17.37B
Revenue growth, YoY
+9.3%
Net income, TTM
$2.08B
Net income growth, YoY
+4.9%
Net margin
12.0%
Free cash flow, TTM
$1.80B
EPS, diluted, TTM
$7.35
EPS growth, YoY
+5.6%
Cash
$722.30M
Total debt
$13.19B
P/E
40.49
P/S
4.85
Market cap
$84.33B
Annual revenue$16.08B
FY2016FY2025
Annual net income$2.08B
FY2016FY2025
Annual free cash flow$1.90B
FY2016FY2025

ECL revenue and earnings growth

ECL revenueQ3 2026$4.69B

Quarter YoY
+12.7%
QoQ
+6.3%
FY YoY
+2.2%
5Y CAGR
+6.4%
10Y CAGR
+1.7%

ECL revenue was $4.69B in fiscal Q3 2026 (ended Sep 30, 2026), up 12.7% from a year earlier and up 6.3% from the prior quarter. For the full fiscal 2025 it was $16.08B, up 2.2% from fiscal 2024. Compound annual growth was +6.4% over 5 years and +1.7% over 10 years. It rose in 7 of the last 10 fiscal years. Fiscal 2025 is the highest of the 15 fiscal years on file.

ECL net incomeQ3 2026$551.30M

Quarter YoY
-5.8%
QoQ
+3.1%
FY YoY
-1.7%
10Y CAGR
+7.6%

ECL net income was $551.30M in fiscal Q3 2026 (ended Sep 30, 2026), down 5.8% from a year earlier and up 3.1% from the prior quarter. For the full fiscal 2025 it was $2.08B, down 1.7% from fiscal 2024. Compound annual growth was +7.6% over 10 years. It rose in 2 of the last 4 fiscal years.

ECL EPSQ3 2026$1.95

Quarter YoY
-4.9%
QoQ
+2.6%
FY YoY
-1.2%
10Y CAGR
+8.2%

ECL diluted EPS was $1.95 in fiscal Q3 2026 (ended Sep 30, 2026), down 4.9% from a year earlier and up 2.6% from the prior quarter. For the full fiscal 2025 it was $7.28, down 1.2% from fiscal 2024. Compound annual growth was +8.2% over 10 years.

ECL free cash flowQ3 2026$450.30M

Quarter YoY
-15.0%
QoQ
-8.0%
FY YoY
+4.7%
5Y CAGR
+6.8%
10Y CAGR
+4.5%

ECL free cash flow was $450.30M in fiscal Q3 2026 (ended Sep 30, 2026), down 15.0% from a year earlier and down 8.0% from the prior quarter. For the full fiscal 2025 it was $1.90B, up 4.7% from fiscal 2024. Compound annual growth was +6.8% over 5 years and +4.5% over 10 years. It rose in 7 of the last 10 fiscal years. Fiscal 2025 is the highest of the 15 fiscal years on file.

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Income statement

Income statement
Line item
Dec 31, 2025
Dec 31, 2024
Dec 31, 2023
Dec 31, 2022
Dec 31, 2021
Dec 31, 2020
Dec 31, 2019
Dec 31, 2018
Dec 31, 2017
Dec 31, 2016
Revenue$16.08B$15.74B$15.32B$14.19B$12.73B$11.79B$12.56B$12.22B$13.84B$13.15B
Cost of revenue$8.93B$8.90B$9.15B$8.83B$7.62B$6.91B$7.05B$6.88B$8.06B$7.53B
Gross profit$7.15B$6.84B$6.17B$5.36B$5.12B$4.88B$5.52B$5.35B$5.77B$5.62B
Research and development$202.00M$207.00M$192.00M$190.00M$186.00M$185.00M$190.00M$193.00M$201.00M$189.00M
Selling, general and admin$4.26B$4.23B$4.06B$3.65B$3.42B$3.31B$3.55B$3.51B$3.83B$3.71B
Operating income$2.74B$2.80B$1.99B$1.56B$1.60B$1.40B$1.85B$1.73B$1.95B$1.87B
Interest expense$306.20M$340.30M$348.90M$252.10M$230.60M$304.80M$214.40M$235.50M$274.60M$285.40M
Pre-tax income$2.55B$2.57B$1.76B$1.34B$1.41B$1.16B$1.73B$1.59B$1.76B$1.65B
Income tax$454.60M$439.30M$362.50M$234.50M$270.20M$176.60M$288.60M$321.20M$243.80M$402.90M
Net income$2.08B$2.11B$1.37B$1.09B$1.13B-$1.21B$1.56B$1.43B$1.50B$1.23B
EPS, basic$7.33$7.43$4.82$3.83$3.95-$4.20$5.41$4.95$5.20$4.20
EPS, diluted$7.28$7.37$4.79$3.81$3.91-$4.15$5.33$4.88$5.12$4.14
Diluted shares285.2M286.6M286.5M286.6M289.1M290.3M292.5M292.8M294.0M296.7M

Balance sheet

Balance sheet
Line item
Dec 31, 2025
Dec 31, 2024
Dec 31, 2023
Dec 31, 2022
Dec 31, 2021
Dec 31, 2020
Dec 31, 2019
Dec 31, 2018
Dec 31, 2017
Dec 31, 2016
Cash and equivalents$646.20M$1.26B$919.50M$598.60M$359.90M$1.26B$118.80M$243.20M$163.30M$380.40M
Receivables$3.25B$2.87B$2.83B$2.70B$2.48B$2.27B$2.38B$2.66B$2.57B$2.34B
Inventory$1.49B$1.46B$1.50B$1.79B$1.49B$1.29B$1.08B$1.55B$1.45B$1.32B
Current assets$5.96B$6.03B$5.64B$5.49B$4.69B$5.12B$4.83B$4.68B$4.59B$4.28B
Goodwill$9.23B$7.91B$8.15B$8.01B$8.06B$6.01B$5.57B$5.39B$7.17B$6.38B
Total assets$24.70B$22.39B$21.85B$21.46B$21.21B$18.13B$20.87B$20.07B$19.96B$18.33B
Current liabilities$5.53B$4.79B$4.35B$4.21B$3.55B$2.93B$3.63B$3.69B$3.48B$3.02B
Short-term debt$870.40M$615.70M$630.40M$505.10M$411.00M$17.30M$380.50M$743.60M$564.40M$541.30M
Long-term debt$7.37B$6.95B$7.55B$8.08B$8.35B$6.67B$5.97B$6.30B$6.76B$6.15B
Total debt$8.24B$7.56B$8.18B$8.58B$8.76B$6.69B$6.35B$7.05B$7.32B$6.69B
Total liabilities$14.89B$13.60B$13.77B$14.21B$13.95B$11.92B$12.14B$12.02B$12.31B$11.36B
Shareholders' equity$9.77B$8.79B$8.07B$7.26B$7.25B$6.20B$8.73B$8.05B$7.65B$6.94B

Cash flow

Cash flow
Line item
Dec 31, 2025
Dec 31, 2024
Dec 31, 2023
Dec 31, 2022
Dec 31, 2021
Dec 31, 2020
Dec 31, 2019
Dec 31, 2018
Dec 31, 2017
Dec 31, 2016
Operating cash flow$2.95B$2.81B$2.41B$1.79B$2.06B$1.86B$2.42B$2.28B$2.09B$1.94B
Capital expenditures$1.05B$994.50M$774.80M$712.80M$643.00M$489.00M$731.30M$778.70M$868.60M$756.80M
Free cash flow$1.90B$1.82B$1.64B$1.08B$1.42B$1.37B$1.69B$1.50B$1.22B$1.18B
Investing cash flow-$2.71B-$433.80M-$990.50M-$716.80M-$4.58B-$414.50M-$1.20B-$1.03B-$1.73B-$773.60M
Financing cash flow-$853.30M-$2.02B-$1.05B-$837.30M$1.60B-$341.80M-$1.35B-$1.17B-$522.70M-$868.20M
Dividends paid$753.60M$664.30M$617.30M$602.80M$566.40M$560.80M$552.90M$494.80M$448.70M$427.50M
Share repurchases$783.80M$986.50M$13.70M$518.20M$106.60M$146.20M$353.70M$562.40M$600.30M$739.60M
Stock-based compensation$136.60M$134.80M$95.10M$87.80M$89.50M$82.10M$84.00M$88.00M$90.50M$85.70M

Key ratios

Key ratios
Line item
Dec 31, 2025
Dec 31, 2024
Dec 31, 2023
Dec 31, 2022
Dec 31, 2021
Dec 31, 2020
Dec 31, 2019
Dec 31, 2018
Dec 31, 2017
Dec 31, 2016
Revenue growth, YoY2.2%2.7%8.0%11.4%8.0%-6.1%2.8%-11.7%5.2%-2.9%
Net income growth, YoY-1.7%53.9%25.7%-3.4%--9.1%-5.0%22.4%22.6%
EPS growth, YoY-1.2%53.9%25.7%-2.6%--9.2%-4.7%23.7%24.7%
Gross margin44.5%43.5%40.2%37.8%40.2%41.4%43.9%43.7%41.7%42.7%
Operating margin17.0%17.8%13.0%11.0%12.6%11.8%14.7%14.1%14.1%14.2%
Net margin12.9%13.4%9.0%7.7%8.9%-10.2%12.4%11.7%10.9%9.3%
Free cash flow margin11.8%11.6%10.7%7.6%11.1%11.6%13.4%12.3%8.8%9.0%
Return on equity21.2%24.0%17.0%15.0%15.6%-19.4%17.9%17.7%19.7%17.7%
Return on assets8.4%9.4%6.3%5.1%5.3%-6.6%7.5%7.1%7.5%6.7%
Current ratio1.081.261.301.301.321.751.331.271.321.42
Debt to equity0.840.861.011.181.211.080.730.870.960.96

Source: XBRL data Ecolab Inc. files with the SEC, latest filing dated Oct 29, 2026 (see filings on SEC EDGAR). Provided for information only, not investment advice. Check the filing before relying on a number.

* Worked out from the filings rather than stated in them: Q4 is the full year less the first nine months.

Per-share figures are as filed. The filings show no stock split in these periods.

EPS growth is left out where the share count moved enough to suggest a split the filings do not show. Growth rates need a positive starting figure. CAGR is compound annual growth between fiscal years. The CSV holds every period on file, in full figures, from the same SEC filings.

ECL peers

CompanyRevenueGrowthNet incomeNet marginMarket cap
ECL$17.37B+9.3%$2.08B12.0%$84.33B
PG$87.92B+3.5%$16.03B18.2%$383.35B
UL€50.50B-3.8%€9.47B18.7%$142.19B
CL$21.28B+5.9%$2.05B9.6%$76.76B
HLN£11.03B-1.8%£1.67B15.1%$40.20B
EL$15.28B+5.8%$368.00M2.4%$39.88B
KVUE$15.53B+3.5%$1.69B10.9%$37.57B
CHD$6.25B+1.7%$774.80M12.4%$25.80B
ELF$1.94B+39.9%$86.64M4.5%$6.85B

ECL FAQ

9 questions
  • What is ECL revenue?
    Ecolab Inc. (ECL) reported $17.37B of revenue for the twelve months ended Sep 30, 2026. That is up 9.3% from the year before. Revenue for fiscal 2025 was $16.08B.
  • Is ECL profitable?
    Yes. Ecolab Inc. earned $2.08B in net income for the twelve months ended Sep 30, 2026, a net margin of 12.0%.
  • How much cash and debt does ECL have?
    Ecolab Inc. reported $722.30M in cash and cash equivalents and $13.19B of debt on its most recent balance sheet in SEC filings.
  • How fast is ECL revenue growing?
    Ecolab Inc.'s revenue changed +2.2% in fiscal 2025, to $16.08B. Its compound annual growth rate was +6.4% over 5 years and +1.7% over 10 years.
  • What is ECL gross margin?
    Ecolab Inc.'s gross profit was $7.63B on $17.37B of revenue for the twelve months ended Sep 30, 2026, a gross margin of 43.9%.
  • What is ECL free cash flow?
    Ecolab Inc. generated $1.80B of free cash flow for the twelve months ended Sep 30, 2026, which is operating cash flow of $3.03B less capital expenditures.
  • What is ECL earnings per share?
    Diluted earnings per share were $7.35 for the twelve months ended Sep 30, 2026, from SEC filings, restated for any stock split those filings show.
  • When did ECL last report financial results?
    The latest statements here come from Ecolab Inc.'s 10-Q filed on Oct 29, 2026, covering the period ended Sep 30, 2026.
  • Where does this ECL financial data come from?
    Quantisnow builds these statements from the structured XBRL data Ecolab Inc. files with the SEC. It is provided for information only and is not investment advice.