Ecolab (ECL)

NYSE Materials Specialty Chemicals S&P 500

$300.68

-5.15 (-1.68%)

Close of Nov 06, 2026 · end-of-day data

Source: Ecolab's 10-K / 10-Q XBRL data on SEC EDGAR · fetched Nov 06, 2026

Revenue, net income & free cash flow

Income statement

fiscal years · USD

Fiscal year	FY2016	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025
Revenue	$13.15B	$11.53B	$12.22B	$12.56B	$11.79B	$12.73B	$14.19B	$15.32B	$15.74B	$16.08B
Cost of revenue	$7.53B	$6.41B	$6.88B	$7.05B	$6.91B	$7.62B	$8.83B	$9.15B	$8.90B	$8.93B
Gross profit	$5.62B	$5.12B	$5.35B	$5.52B	$4.88B	$5.12B	$5.36B	$6.17B	$6.84B	$7.15B
Research & development	$189.00M	$177.00M	$193.00M	$190.00M	$185.00M	$186.00M	$190.00M	$192.00M	$207.00M	$202.00M
Selling, general & admin	$3.71B	$3.36B	$3.51B	$3.55B	$3.31B	$3.42B	$3.65B	$4.06B	$4.23B	$4.26B
Operating income	$1.87B	$1.75B	$1.73B	$1.85B	$1.40B	$1.60B	$1.56B	$1.99B	$2.80B	$2.74B
Interest expense	$285.40M	$272.20M	$235.50M	$214.40M	$304.80M	$230.60M	$252.10M	$348.90M	$340.30M	$306.20M
Pre-tax income	$1.65B	$1.56B	$1.59B	$1.73B	$1.16B	$1.41B	$1.34B	$1.76B	$2.57B	$2.55B
Income tax	$402.90M	$189.80M	$321.20M	$288.60M	$176.60M	$270.20M	$234.50M	$362.50M	$439.30M	$454.60M
Net income	$1.23B	$1.50B	$1.43B	$1.56B	-$1.21B	$1.13B	$1.09B	$1.37B	$2.11B	$2.08B
EBITDA	$2.43B	$2.25B	$2.26B	$2.41B	$1.99B	$2.20B	$2.18B	$2.61B	$3.44B	$3.41B
EPS (basic)	$4.20	$5.20	$4.95	$5.41	$-4.20	$3.95	$3.83	$4.82	$7.43	$7.33
EPS (diluted)	$4.14	$5.12	$4.88	$5.33	$-4.15	$3.91	$3.81	$4.79	$7.37	$7.28
Diluted shares	296.70M	294.00M	292.80M	292.50M	290.30M	289.10M	286.60M	286.50M	286.60M	285.20M
Gross margin	42.7%	44.4%	43.7%	43.9%	41.4%	40.2%	37.8%	40.2%	43.5%	44.5%
Operating margin	14.2%	15.2%	14.1%	14.7%	11.8%	12.6%	11.0%	13.0%	17.8%	17.0%
Net margin	9.3%	13.0%	11.7%	12.4%	-10.2%	8.9%	7.7%	9.0%	13.4%	12.9%

Balance sheet

fiscal years · USD

Fiscal year	FY2016	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025
Cash & equivalents	$327.40M	$211.40M	$63.90M	$118.80M	$1.26B	$359.90M	$598.60M	$919.50M	$1.26B	$646.20M
Receivables	$2.34B	$2.57B	$2.21B	$2.38B	$2.27B	$2.48B	$2.70B	$2.83B	$2.87B	$3.25B
Inventory	$1.32B	$1.45B	$1.10B	$1.08B	$1.29B	$1.49B	$1.79B	$1.50B	$1.46B	$1.49B
Total current assets	$4.28B	$4.59B	$4.68B	$4.83B	$5.12B	$4.69B	$5.49B	$5.64B	$6.03B	$5.96B
Goodwill	$6.38B	$5.47B	$5.39B	$5.57B	$6.01B	$8.06B	$8.01B	$8.15B	$7.91B	$9.23B
Total assets	$18.33B	$19.96B	$20.07B	$20.87B	$18.13B	$21.21B	$21.46B	$21.85B	$22.39B	$24.70B
Total current liabilities	$3.02B	$3.48B	$3.69B	$3.63B	$2.93B	$3.55B	$4.21B	$4.35B	$4.79B	$5.53B
Short-term debt	$541.30M	$564.40M	$742.70M	$380.50M	$17.30M	$411.00M	$505.10M	$630.40M	$615.70M	$870.40M
Long-term debt	$6.15B	$6.76B	$6.30B	$5.97B	$6.67B	$8.35B	$8.08B	$7.55B	$6.95B	$7.37B
Total debt	$6.69B	$7.32B	$7.04B	$6.35B	$6.69B	$8.76B	$8.58B	$8.18B	$7.56B	$8.24B
Total liabilities	$11.36B	$12.31B	$12.02B	$12.14B	$11.92B	$13.95B	$14.21B	$13.77B	$13.60B	$14.89B
Shareholders' equity	$6.90B	$7.58B	$8.00B	$8.69B	$6.17B	$7.22B	$7.24B	$8.04B	$8.76B	$9.77B

Cash flow

fiscal years · USD

Fiscal year	FY2016	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025
Operating cash flow	$1.94B	$2.09B	$2.28B	$2.42B	$1.86B	$2.06B	$1.79B	$2.41B	$2.81B	$2.95B
Capital expenditures	$756.80M	$787.40M	$778.70M	$731.30M	$489.00M	$643.00M	$712.80M	$774.80M	$994.50M	$1.05B
Free cash flow	$1.18B	$1.30B	$1.50B	$1.69B	$1.37B	$1.42B	$1.08B	$1.64B	$1.82B	$1.90B
Investing cash flow	-$773.60M	-$1.73B	-$1.03B	-$1.20B	-$414.50M	-$4.58B	-$716.80M	-$990.50M	-$433.80M	-$2.71B
Financing cash flow	-$868.20M	-$522.70M	-$1.17B	-$1.35B	-$341.80M	$1.60B	-$837.30M	-$1.05B	-$2.02B	-$853.30M
Dividends paid	$427.50M	$443.40M	$494.80M	$552.90M	$560.80M	$566.40M	$602.80M	$617.30M	$664.30M	$753.60M
Share buybacks	$739.60M	$600.30M	$562.40M	$353.70M	$146.20M	$106.60M	$518.20M	$13.70M	$986.50M	$783.80M
Stock-based compensation	$85.70M	$85.50M	$88.00M	$84.00M	$82.10M	$89.50M	$87.80M	$95.10M	$134.80M	$136.60M
Depreciation & amortization	$561.00M	$500.10M	$535.90M	$569.10M	$594.30M	$604.40M	$618.50M	$616.70M	$634.90M	$672.60M

Income statement

quarters · USD

Quarter ended	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026	Sep 2026
Revenue	$3.94B	$3.75B	$3.99B	$4.00B	$4.01B	$3.69B	$4.03B	$4.17B	$4.20B	$4.07B	$4.42B	$4.69B
Cost of revenue	$2.28B	$2.13B	$2.24B	$2.26B	$2.27B	$2.06B	$2.22B	$2.30B	$2.35B	$2.30B	$2.47B	$2.63B
Gross profit	$1.65B	$1.62B	$1.74B	$1.74B	$1.74B	$1.63B	$1.80B	$1.87B	$1.85B	$1.77B	$1.95B	$2.07B
Selling, general & admin	$1.03B	$1.08B	$1.08B	$1.02B	$1.05B	$1.05B	$1.07B	$1.08B	$1.06B	$1.10B	$1.14B	$1.18B
Operating income	$590.00M	$517.90M	$656.90M	$1.04B	$582.80M	$555.30M	$710.10M	$760.20M	$712.00M	$622.00M	$757.90M	$810.50M
Interest expense	$94.80M	$94.50M	$80.20M	$86.40M	$79.20M	$72.60M	$76.20M	$74.60M	$82.90M	$77.30M	$95.00M	$135.80M
Pre-tax income	$537.50M	$458.90M	$590.70M	$987.30M	$534.30M	$510.00M	$659.90M	$717.70M	$660.30M	$558.10M	$693.60M	$694.50M
Income tax	$126.70M	$42.30M	$95.70M	$246.50M	$54.80M	$103.50M	$131.40M	$128.00M	$91.70M	$121.50M	$154.90M	$140.10M
Net income	$405.20M	$412.10M	$490.90M	$736.50M	$472.90M	$402.50M	$524.20M	$585.00M	$563.90M	$432.60M	$534.90M	$551.30M
EBITDA	$743.40M	$674.90M	$816.80M	$1.20B	$744.00M	$716.50M	$876.80M	$926.10M	$890.80M	$802.50M	$941.70M	$991.60M
EPS (basic)	$1.42	$1.44	$1.72	$2.60	$1.67	$1.42	$1.85	$2.06	$2.00	$1.53	$1.91	$1.97
EPS (diluted)	$1.41	$1.43	$1.71	$2.58	$1.66	$1.41	$1.84	$2.05	$1.98	$1.52	$1.90	$1.95
Diluted shares	287.10M	287.80M	287.00M	286.00M	285.70M	285.30M	285.40M	285.40M	-100.00K	283.70M	282.20M	282.10M
Gross margin	42.0%	43.3%	43.8%	43.4%	43.3%	44.2%	44.8%	44.8%	44.0%	43.6%	44.1%	44.1%
Operating margin	15.0%	13.8%	16.5%	26.1%	14.6%	15.0%	17.6%	18.3%	17.0%	15.3%	17.2%	17.3%
Net margin	10.3%	11.0%	12.3%	18.4%	11.8%	10.9%	13.0%	14.0%	13.4%	10.6%	12.1%	11.7%

Balance sheet

quarters · USD

Quarter ended	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026	Sep 2026
Cash & equivalents	$919.50M	$479.90M	$384.00M	$1.26B	$1.26B	$1.16B	$1.92B	$1.96B	$646.20M	$519.80M	$5.14B	$722.30M
Receivables	$2.83B	$2.79B	$2.88B	$2.88B	$2.87B	$2.86B	$3.06B	$3.11B	$3.25B	$3.28B	$3.45B	$3.80B
Inventory	$1.50B	$1.57B	$1.51B	$1.57B	$1.46B	$1.55B	$1.57B	$1.53B	$1.49B	$1.57B	$1.64B	$1.76B
Total current assets	$5.64B	$5.21B	$5.75B	$6.12B	$6.03B	$6.08B	$7.08B	$7.11B	$5.96B	$6.04B	$11.02B	$7.10B
Goodwill	$8.15B	$8.11B	$7.82B	$7.90B	$7.91B	$7.86B	$8.05B	$8.11B	$9.23B	$9.44B	$9.42B	$12.69B
Total assets	$21.85B	$21.30B	$21.46B	$22.10B	$22.39B	$22.37B	$23.74B	$23.90B	$24.70B	$25.04B	$29.93B	$31.11B
Total current liabilities	$4.35B	$3.70B	$3.85B	$4.71B	$4.79B	$4.61B	$4.91B	$4.19B	$5.53B	$6.10B	$5.99B	$6.38B
Short-term debt	$630.40M	$11.30M	$5.90M	$643.00M	$615.70M	$614.20M	$688.50M	$16.20M	$870.40M	$1.57B	$1.27B	$1.28B
Long-term debt	$7.55B	$7.53B	$7.54B	$6.97B	$6.95B	$7.00B	$7.52B	$8.05B	$7.37B	$6.92B	$11.91B	$11.92B
Total debt	$8.18B	$7.54B	$7.54B	$7.62B	$7.56B	$7.61B	$8.21B	$8.07B	$8.24B	$8.50B	$13.18B	$13.19B
Total liabilities	$13.77B	$13.07B	$13.15B	$13.53B	$13.60B	$13.46B	$14.39B	$14.14B	$14.89B	$15.01B	$19.84B	$20.65B
Shareholders' equity	$8.04B	$8.21B	$8.29B	$8.55B	$8.76B	$8.88B	$9.32B	$9.72B	$9.77B	$10.00B	$10.06B	$10.42B

Cash flow

quarters · USD

Quarter ended	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026	Sep 2026
Operating cash flow	$852.50M	$649.40M	$611.10M	$786.70M	$766.70M	$369.40M	$701.80M	$791.30M	$1.09B	$445.90M	$729.50M	$763.70M
Capital expenditures	$262.60M	$201.50M	$196.90M	$236.40M	$359.70M	$237.90M	$216.70M	$261.60M	$332.10M	$348.50M	$240.10M	$313.40M
Free cash flow	$589.90M	$447.90M	$414.20M	$550.30M	$407.00M	$131.50M	$485.10M	$529.70M	$758.00M	$97.40M	$489.40M	$450.30M
Investing cash flow	-$348.40M	-$201.00M	-$244.40M	$639.10M	-$627.50M	-$224.00M	-$224.40M	-$280.60M	-$1.98B	-$355.50M	-$274.00M	-$4.99B
Financing cash flow	-$585.50M	-$889.30M	-$446.40M	-$548.30M	-$140.10M	-$241.60M	$297.30M	-$477.40M	-$431.60M	-$225.80M	$4.15B	-$173.60M
Dividends paid	$154.70M	$175.20M	$165.50M	$162.20M	$161.40M	$192.00M	$188.00M	$184.40M	$189.20M	$215.90M	$208.20M	$204.60M
Share buybacks	$2.00M	$196.40M	$323.00M	$464.30M	$2.80M	$153.70M	$45.50M	$175.40M	$409.20M	$344.40M	$324.90M	$2.80M
Stock-based compensation	$21.70M	$47.00M	$35.90M	$26.60M	$25.30M	$42.20M	$33.70M	$33.60M	$27.10M	$40.30M	$34.80M	$40.90M
Depreciation & amortization	$153.40M	$157.00M	$159.90M	$156.80M	$161.20M	$161.20M	$166.70M	$165.90M	$178.80M	$180.50M	$183.80M	$181.10M

Quarterly figures are rebuilt from the year-to-date totals companies report — Q4 is the full year minus the first nine months, since no 10-Q is filed for it. Values are as filed; later restatements replace earlier ones. Fiscal years are labelled by the calendar year in which they end.