ECLNYSESoap, Detergents, Cleang Preparations, Perfumes, CosmeticsFiscal year ends December 31
ECOLAB INC.
Financials through Q2 FY2026, quarter ended Jun 30, 2026Last filing: 10-Q on Aug 6, 2026
$285.94−2.95 (-1.02%)
Close on Oct 19, 2026
- Market cap
- $80.69B
- P/E (TTM)
- 38.4
- Dividend yield
- 0.94%
Margins
Share of revenue, fiscal years 2011 to 2025
Gross margin
44.5%+3.0 pts over 5 years
Operating margin
17.0%+5.2 pts over 5 years
Net margin
12.9%
Growth rates
Compound annual growth to fiscal 2025
| Per year | 1 year | 3 years | 5 years | 10 years | Five-year pace |
|---|---|---|---|---|---|
| Revenue | +2.2% | +4.3% | +6.4% | +1.7% | |
| Gross profit | +4.5% | +10.1% | +7.9% | +1.2% | |
| Operating income | -2.3% | +20.6% | +14.4% | +5.8% | |
| Net income | -1.7% | +23.9% | – | – | |
| EPS, diluted | -1.2% | +24.1% | – | +8.2% | |
| Free cash flow | +4.7% | +21.0% | +6.8% | +4.5% | |
| Dividend per share | +13.6% | +9.2% | +7.2% | +7.2% |
Returns and balance sheet
10 fiscal years. Hover a measure to see how it is calculated.
| Measure | FY2016 | FY2020 | FY2025 | Trend |
|---|---|---|---|---|
| Return on equity | – | – | 22.4% | |
| Return on assets | – | – | 8.8% | |
| Current ratio | 1.42 | 1.75 | 1.08 | |
| Debt to equity | 0.97 | 1.08 | 0.84 | |
| Interest coverage | 6.6× | 4.6× | 8.9× | |
| Inventory turnover | 5.6× | 5.8× | 6.0× | |
| Capex to revenue | 5.8% | 4.1% | 6.5% | |
| Diluted shares | 297M | 290M | 285M |
Where the cash went
Fiscal 2021 to 2025, five years combined
Ecolab generated $12.03B from operations and spent $9.79B on capital expenditure, dividends and share buybacks. 43% of that went back into the business.
Generated
$12.03B
Used
$9.79B
Capital expenditure$4.17B43%Dividends$3.20B33%Share buybacks$2.41B25%
DuPont analysis
Return on equity split into margin, efficiency and leverage
Net margin12.9%
×Asset turnover0.68×
×Equity multiplier2.54×
=Return on equity, FY202522.4%
| Fiscal year | Net margin | Asset turnover | Equity multiplier | Return on equity |
|---|---|---|---|---|
| FY2025 | 12.9% | 0.68× | 2.54× | 22.4% |
| FY2024 | 13.4% | 0.71× | 2.63× | 25.1% |
| FY2023 | 9.0% | 0.71× | 2.83× | 18.0% |
| FY2022 | 7.7% | 0.66× | 2.95× | 15.1% |
| FY2021 | 8.9% | 0.65× | 2.94× | 16.9% |
Piotroski F-Score
Nine tests of profitability, balance sheet and efficiency, fiscal 2025 against fiscal 2024
6of 9 tests passed in fiscal 2025. Scores of 7 to 9 are usually read as strong.
- ProfitableNet income above zero$2.08B
- Cash generatingOperating cash flow above zero$2.95B
- Return on assets improvedROA up on the prior year9.7% → 9.3%
- Earnings backed by cashOperating cash flow above net income$2.95B vs $2.08B
- Less leverageLong-term debt to assets fell31.0% → 29.8%
- Better liquidityCurrent ratio rose1.26 → 1.08
- No dilutionShare count did not rise287M → 285M
- Gross margin improvedGross margin up on the prior year43.46% → 44.46%
- More efficientAsset turnover rose0.72 → 0.72