analyzeportfolio
NYSE · Materials

ECOLAB INC. (ECL)

As-reported financials and SEC filings for ECOLAB INC. The latest annual period is FY2025. The latest reported quarter is Q2 FY2026. Financial statements come straight from the company’s EDGAR filings; valuation figures such as P/E and market cap use market data.

About ECOLAB INC.

Ecolab Inc. provides water, hygiene, and infection prevention solutions and services. The company offers products and services to various industries including healthcare, foodservice, hospitality, and industrial markets. It serves customers globally to help maintain clean and safe environments.

Snapshot

Revenue
$16.08B
Revenue growth (YoY)
2.2%
Net income
$2.08B
Diluted EPS
$7.28
Gross margin
44.5%
Operating margin
17.0%
Net margin
12.9%
FCF margin
11.8%
ROE
21.2%
net income / fiscal-year-end equity
P/E
37.4×
trailing when available, otherwise FY EPS
Market cap
$78.29B
Long-term debt / equity
0.75×
non-current term debt only

Fundamentals are from SEC filings for FY2025, the latest annual period (ended December 31, 2025). P/E and market cap are derived from stored market prices, last retrieved on a rolling basis and typically within the past week.

What changed at Ecolab

  • Revenue grew 2.2% to $16.1B in FY2025, in line with the 2.7% the year before.
  • Operating margin is 17.0% in FY2025, +4.5 pp against 12.6% in FY2021.
  • Most recent quarter Q2 FY2026: revenue $4.4B, up 9.7% from Q2 FY2025.
  • Free cash flow was $1.9B in FY2025, 11.8% of revenue.
  • Net income fell 1.7% to $2.1B in FY2025.

Computed from the as-reported figures in the statements below. A change we cannot state from filed figures is left out rather than estimated.

Peer comparison

Where Ecolab’s fundamentals sit among the 241 Materials companies. Each figure is ranked only against peers that report it, from lowest (left) to highest (right).

Gross margin44.5%
86th percentile of 191
Operating margin17.0%
86th percentile of 189
Net margin12.9%
85th percentile of 221
FCF margin11.8%
83rd percentile of 205
Revenue growth (YoY)+2.2%
51st percentile of 236
ROE21.2%
89th percentile of 216
P/E37.4×
78th percentile of 134
Long-term debt / equity0.75×
59th percentile of 165
Short interest3.17d
38th percentile of 238

Ecolab’s return on equity of 21.2% ranks in the 89th percentile of the 216 Materials companies reporting it. Ecolab’s gross margin of 44.5% ranks in the 86th percentile of the 191 Materials companies reporting it. Ecolab’s operating margin of 17.0% ranks in the 86th percentile of the 189 Materials companies reporting it.

2 reported insider purchases (code P) totaling $2.3M in the last 90 days, against 3 sales totaling $7.2M. For context, about 14% of companies in the universe saw any reported insider purchase (code P) in the same window. Browse insider activity →

Percentiles describe where a figure sits among sector peers reporting it (100th = highest). They are position within a peer group, not a rating, and not investment advice. Short interest ranking uses days to cover from FINRA Consolidated Short Interest data; FINRA is the owner and source of that data, included at no additional charge.

Institutional ownership

Held by 3 of the superinvestors we track (plus 5 quant / multi-strat books), based on each investor’s most recent 13F; periods vary by investor (newest: Q2 2026).

Conviction investors
3
+5 quant / multi-strat
Initiated / added
4
1 new, 3 added
Reduced / exited
6
2 trimmed, 4 exited
Combined position
$2.10B
reported long value
InvestorAs ofPosition valueSharesChange
Gates Foundation TrustQ2 2026$1.45B5.2MHeld
Citadel AdvisorsquantQ2 2026$294.4M1.1MAdded
AQR Capital ManagementquantQ2 2026$116.2M418.4KReduced
Markel GroupQ2 2026$76.4M274.3KHeld
Gotham Asset ManagementQ2 2026$54.4M195.1KAdded
Point72 Asset ManagementquantQ2 2026$51.9M186.1KNew
Millennium ManagementquantQ2 2026$48.0M172.1KAdded
D. E. ShawquantQ2 2026$7.6M27.2KReduced

No longer held by: Bridgewater Associates (as of Q2 2026), First Eagle Investment Management (as of Q2 2026), Renaissance Technologies (as of Q2 2026), Two Sigma Investments (as of Q2 2026)

From quarterly Form 13F filings, which can be up to 45 days delayed. Long US-listed positions only: excludes short positions, options, cash, bonds, and non-US holdings, so this is not a manager’s complete portfolio. Counts are of the investors we track, not all institutions. Not investment advice.

Recent insider activity

Non-derivative buys and sells (codes P/S) reported by officers, directors and 10% owners on SEC Form 4. Multiple insiders have bought recently (a cluster buy).

Buys (90d)
2
2 insiders
Bought (90d)
$2.3M
code P value
Sells (90d)
3
$7.2M
Reported activity
Cluster buy
≥2 insiders buying
Trade dateInsiderTypeSharesPriceValue
2026-08-18
filed 2026-08-20
Beck ChristopheCHAIRMAN, PRESIDENT & CEOSell17.9K$280.14$5.0M
2026-08-11
Cook Gregory BCo-COO - Global BusinessesSell4.6K$285.13$1.3M
2026-07-30
filed 2026-07-31
Kirkland Scott DCHIEF FINANCIAL OFFICERSell3.4K$276.96$930K
2026-06-11
filed 2026-06-15
Clark Benjamin M.EVP - Global Supply ChainBuy1.0K$263.83$264K
2026-06-10
filed 2026-06-11
Doukeris Michel DDirectorBuy7.8K$258.00$2.0M
2026-06-09
filed 2026-06-10
Brown Darrell RCo-COO - Global MarketsSell10.0K$260.89$2.6M
2026-05-27
Vautrinot Suzanne MDirectorSell1.0K$264.98$266K
2026-05-13
filed 2026-05-14
MacLennan DavidDirectorBuy1.0K$250.65$251K
2026-05-04
filed 2026-05-05
MacLennan DavidDirectorBuy800$256.91$206K

Reported non-derivative purchases and sales (codes P/S) — which may be open-market or private; excludes option exercises, grants, and shares withheld for taxes. Dates shown are the trade date; a Form 4 can be filed days to years later. A sale can be routine (e.g. a pre-set 10b5-1 plan), so read individual transactions in context. From SEC Form 4. Not investment advice.

Short interest

Total shares sold short as of each twice-monthly FINRA settlement. Rising short interest means more investors are positioned against the stock; days to cover estimates how many trading days of average volume that position represents.

Shares short
3.5M
settled 2026-08-14
Change vs prior
+12.3%
vs previous settlement
Days to cover
3.17
at avg daily volume
Avg daily volume
1.1M
FINRA reported
SettlementShares shortChangeDays to cover
2026-08-143.5M+12.3%3.17
2026-07-313.1M-6.6%2.33
2026-07-153.3M-8.3%3.18
2026-06-303.6M-1.3%1.79
2026-06-153.7M+2.7%2.04
2026-05-293.6M+1.4%1.85
2026-05-153.5M+25.1%2.18
2026-04-302.8M-15.4%1.95

Source: FINRA Consolidated Short Interest. FINRA is the owner and source of the FINRA-supplied data, which is included at no additional charge for your own personal or professional use; republishing or redistributing it is not permitted. Settlement dates are shown; FINRA publishes each settlement about nine business days later, so the latest figure can be two to four weeks old. Not presented as a percentage of float. No FINRA endorsement of this product is implied. Not investment advice.

Income statement (as reported)

 FY2025FY2024FY2023FY2022FY2021
Revenue$16.08B$15.74B$15.32B$14.19B$12.73B
Gross profit$7.15B$6.84B$6.17B$5.36B$5.12B
Operating income$2.74B$2.80B$1.99B$1.56B$1.60B
Net income$2.08B$2.11B$1.37B$1.09B$1.13B
Diluted EPS$7.28$7.37$4.79$3.81$3.91

Figures as reported to the SEC. Underlined values link to the filing they came from; dotted values are calculated by us from reported figures; “adj” means restated for a stock split (hover to see the figure as filed). Full details: where the numbers come from.

Balance sheet (as reported)

Figures as reported to the SEC. Underlined values link to the filing they came from; dotted values are calculated by us from reported figures; “adj” means restated for a stock split (hover to see the figure as filed). Full details: where the numbers come from.

Cash flow (as reported)

 FY2025FY2024FY2023FY2022FY2021
Operating cash flow$2.95B$2.81B$2.41B$1.79B$2.06B
Capital expenditure$1.05B$994.5M$774.8M$712.8M$643.0M
Free cash flow$1.90B$1.82B$1.64B$1.08B$1.42B

Figures as reported to the SEC. Underlined values link to the filing they came from; dotted values are calculated by us from reported figures; “adj” means restated for a stock split (hover to see the figure as filed). Full details: where the numbers come from.

Quarterly trend (as reported)

QuarterRevenueRevenue YoYNet incomeDiluted EPS
Q2 FY2026$4.42B9.7%$534.9M$1.90
Q1 FY2026$4.07B10.0%$432.6M$1.52
Q4 FY2025$4.20B4.8%$563.9M$1.98
Q3 FY2025$4.17B4.2%$585.0M$2.05
Q2 FY2025$4.03B1.0%$524.2M$1.84
Q1 FY2025$3.69B-1.5%$402.5M$1.41
Q4 FY2024$4.01B1.7%$472.9M$1.65
Q3 FY2024$4.00B1.0%$736.5M$2.58

Latest 8 reported quarters, from company XBRL filings on SEC EDGAR.

Company facts

ExchangeNYSE
SectorMaterials
SIC industrySoap, Detergents, Cleang Preparations, Perfumes, Cosmetics
Latest annual periodFY2025 (ended December 31, 2025)
Latest reported quarterQ2 FY2026 (ended June 30, 2026)
Oldest indexed filing2020
SEC CIK31462

Selected SEC filings

10-K2026-02-23
View on EDGAR →
10-K2025-02-21
View on EDGAR →
10-Q2026-08-06
View on EDGAR →
10-Q2026-05-07
View on EDGAR →
10-Q2025-10-30
View on EDGAR →
10-Q2025-08-07
View on EDGAR →
8-K2026-07-28
View on EDGAR →
8-K2026-05-29
View on EDGAR →

Largest Materials peers

All Materials companies →

Monitor ECL

Get an alert when Ecolab files something material, see which superinvestors own it, and ask its filings a question with cited answers.

Monitor ECL free

Includes one free filing-grounded research answer. Or check your whole portfolio, no account needed.

Data sourced from SEC EDGAR. Figures are as-reported and may be unaudited or restated; verify against the source filing before relying on them. Informational only. Not investment advice.