ECL Financials Ecolab

14 years of revenue, profit, cash flow and balance-sheet history through FY2025, from SEC filings — with a computed, factual read of the trend. Updated Nov 1, 2026, 10:31 UTC Overview →

Growth & profitability

Revenue has grown 6.4% per year over the past 5 years.
Net income has grown faster than revenue (16.4% vs 6.4% per year).
Operating margin has expanded, at 17.0% in the latest year.
Free cash flow has grown 6.8% per year over the past 5 years.

Financial health

Total debt has grown slower than revenue (0.9% vs 6.4% per year).
Operating income covered interest expense 8.9× in the latest year, up from 4.6× 5 years ago.

Shareholder returns

Dividends have been paid for 14 consecutive years, consuming 36.3% of earnings and 39.6% of free cash flow.
The dividend has grown 6.1% per year over the past 5 years.

Revenue & net income

RevenueNet income

Margins (gross / operating / net)

GrossOperatingNet

Return on equity & assets (ROE / ROA)

ROEROA

Free cash flow (CFO − capex)

Free cash flow

Cash vs total debt

CashTotal debt

Cash flow: operating / investing / financing

OperatingInvestingFinancing

Key annual figures

FY	Revenue	Net income	Gross M	Op M	ROE	ROA	FCF	Total debt	Cash
2025	$16.1B	$2.1B	44.5%	17.0%	21.2%	8.4%	$1.9B	—	$646M
2024	$15.7B	$2.1B	43.5%	17.8%	24.1%	9.4%	$1.8B	—	$1.3B
2023	$15.3B	$1.4B	40.2%	13.0%	17.1%	6.3%	$1.6B	—	$920M
2022	$14.2B	$1.1B	37.8%	11.0%	15.1%	5.1%	$1.1B	—	$599M
2021	$12.7B	$1.1B	40.2%	12.6%	15.6%	5.3%	$1.4B	—	$360M
2020	$11.8B	—	41.4%	11.8%	0.0%	0.0%	$1.4B	—	$1.3B
2019	$12.6B	—	43.9%	14.7%	0.0%	0.0%	$1.7B	—	$119M
2018	$12.2B	—	43.7%	14.1%	0.0%	0.0%	$1.5B	—	$64M
2017	$11.5B	—	44.4%	15.2%	0.0%	0.0%	$1.3B	—	$211M
2016	$13.2B	—	42.7%	14.2%	0.0%	0.0%	$1.2B	—	$327M
2010	—	$530M	—	—	24.9%	10.9%	$690M	$813M	$242M
2009	—	$417M	—	—	20.9%	8.3%	$443M	$877M	$74M
2008	—	$448M	—	—	28.5%	9.4%	$427M	$799M	$67M
2007	—	$427M	—	—	—	—	$491M	—	$137M

Revenue & net income

RevenueNet income

Margins (gross / operating / net)

GrossOperatingNet

Return on equity & assets (ROE / ROA)

ROEROA

Free cash flow (CFO − capex, quarterly)

Free cash flow

Cash vs total debt

CashTotal debt

Cash flow: operating / investing / financing

OperatingInvestingFinancing

Key quarterly figures

Quarter	Revenue	Net income	Gross M	Op M	ROE	ROA	FCF	Total debt	Cash
Sep '26	$4.7B	$551M	44.1%	17.3%	5.3%	1.8%	$450M	—	$722M
Jun '26	$4.4B	$535M	44.1%	17.2%	5.3%	1.8%	$489M	—	$5.1B
Mar '26	$4.1B	$433M	43.6%	15.3%	4.3%	1.7%	$97M	—	$520M
Dec '25	$4.2B	$564M	44.0%	17.0%	5.8%	2.3%	$758M	—	$646M
Sep '25	$4.2B	$585M	44.8%	18.3%	6.0%	2.4%	$530M	—	$2.0B
Jun '25	$4.0B	$524M	44.8%	17.6%	5.6%	2.2%	$485M	—	$1.9B
Mar '25	$3.7B	$403M	44.2%	15.0%	4.5%	1.8%	$132M	—	$1.2B
Dec '24	$4.0B	$473M	43.3%	14.6%	5.4%	2.1%	$407M	—	$1.3B
Sep '24	$4.0B	$737M	43.4%	26.1%	8.6%	3.3%	$550M	—	$1.3B
Jun '24	$4.0B	$491M	43.8%	16.5%	5.9%	2.3%	$414M	—	$384M
Mar '24	$3.8B	$412M	43.3%	13.8%	5.0%	1.9%	$448M	—	$480M
Dec '23	$3.9B	$405M	42.0%	15.0%	5.0%	1.9%	$590M	—	$920M
Sep '23	$4.0B	$404M	41.1%	14.3%	5.2%	1.8%	$621M	—	$1.0B
Jun '23	$3.9B	$330M	39.4%	12.6%	4.4%	1.5%	$401M	—	$554M
Mar '23	$3.6B	$233M	38.3%	9.8%	3.2%	1.1%	$25M	—	$419M
Dec '22	$3.7B	$264M	38.6%	10.9%	3.7%	1.2%	$656M	—	$599M
Sep '22	$3.7B	$347M	37.5%	13.2%	4.9%	1.6%	$244M	—	$113M
Jun '22	$3.6B	$308M	38.2%	11.9%	4.3%	1.5%	$154M	—	$125M
Mar '22	$3.3B	$172M	36.5%	7.8%	2.4%	0.8%	$21M	—	$99M
Dec '21	$3.4B	—	39.3%	11.5%	0.0%	0.0%	$422M	—	$360M

Valuation over time

How the market has priced ECL against its own fundamentals since 2023-03 — each month-end's share price set against the most recent annual filing, so the multiple moves as price runs ahead of (or behind) earnings. Split-adjusted.

The price-to-earnings ratio has fallen from 42.5× (Mar '23) to 41.7× (Nov '26).
The price-to-sales ratio has risen from 3.3× (Mar '23) to 5.4× (Nov '26).
The dividend yield has fallen from 1.3% (Mar '23) to 0.9% (Nov '26).

Price / earnings (P/E)

P/E

Price / sales (P/S)

P/S

Dividend yield (%)

Dividend yield %

Frequently asked questions

Is ECL growing its revenue and profit?

Over the past 5 years, Ecolab's revenue has grown 6.4% per year, and net income grown 16.4% per year. These are computed facts, not advice.

How much debt does ECL have?

As of FY2025, Ecolab reported — of total debt against $646M of cash; operating income covered interest expense 8.9×.

What is ECL's profit margin?

In FY2025, gross margin was 44.5%, operating margin 17.0%, and net margin 12.9%.

What is ECL's P/E ratio?

Ecolab's P/E (TTM) is 41.54 as of the 2026-11-02 close — market cap ÷ net income over the trailing twelve months where four consecutive quarters are reported, otherwise the latest fiscal year, the same figure as on the ECL stock page. The valuation chart above sets each month-end's price against the latest annual net income instead, so its latest point (about 41.7× as of Nov '26) can differ. These are computed facts, not advice.

Where does this data come from?

All figures are extracted from the company’s SEC EDGAR/XBRL filings — 10-K annual reports and 10-Q quarterly reports (use the Annual / Quarterly toggle). Quarterly figures are derived from the as-filed statements (year-to-date amounts are differenced into discrete quarters). Growth rates and ratios are computed by tradmap; nothing here is investment advice.

Source: SEC EDGAR / XBRL (10-K + 10-Q filings) · prices EOD (Databento), split-adjusted; price return — dividends not reinvested · growth rates, valuation multiples & ratios computed by tradmap. Valuation uses each month-end price against the latest annual filing. Informational only — not investment advice.