Ecolab Inc.
ECL- Exchange
- NYSE
- Industry
- Soap, Detergents, Cleang Preparations, Perfumes, Cosmetics
- SEC CIK
- 0000031462
In the last 90 days, Ecolab Inc. insiders filed 1 open-market purchase and 1 sale; 1,722 institutions reported holding it in 13F filings for Q2 2026, worth $62.8B in total; superinvestors Gates Foundation Trust and Markel Group hold it.
- Currency
- USD
- Source
- SEC XBRL data (10-K, 10-Q, 20-F, 40-F)
- Updated
- Oct 30, 2026, 1:12 AM ET
Revenue flow, FY2025
Where the revenue went in FY2025, from the income statement below. Green is profit; orange is costs, expenses and taxes. Percentages are shares of revenue; hover over a band or a bar for the exact amount.
Income statement
Each column is one fiscal year, newest first.
| Line item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|
| Period end | Dec 31, 2025 | Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 |
| Filing | 10-K | 10-K | 10-K | 10-K | 10-K |
| Reported | Feb 10, 2026 | Feb 11, 2025 | Feb 13, 2024 | Feb 14, 2023 | Jan 20, 2022 |
| Revenue | $16.1B | $15.7B | $15.3B | $14.2B | $12.7B |
| Cost of revenue | $8.93B | $8.90B | $9.15B | $8.83B | $7.62B |
| Research and development | $202.0M | $207.0M | $192.0M | $190.0M | $186.0M |
| Selling, general and administrative | $4.26B | $4.23B | $4.06B | $3.65B | $3.42B |
| Operating income | $2.74B | $2.80B | $1.99B | $1.56B | $1.60B |
| Interest expense | $306.2M | $340.3M | $348.9M | $252.1M | $230.6M |
| Income tax | $454.6M | $439.3M | $362.5M | $234.5M | $270.2M |
| Net income | $2.08B | $2.11B | $1.37B | $1.11B | $1.14B |
| EPS, basic | $7.33 | $7.43 | $4.82 | $3.83 | $3.95 |
| EPS, diluted | $7.28 | $7.37 | $4.79 | $3.81 | $3.91 |
| Weighted shares, basic | 283.3M | 284.3M | 285.0M | 285.2M | 286.3M |
| Weighted shares, diluted | 285.2M | 286.6M | 286.5M | 286.6M | 289.1M |
| Margins and growth | |||||
| Operating margin | 17.0% | 17.8% | 13.0% | 11.0% | 12.6% |
| Net margin | 12.9% | 13.4% | 9.0% | 7.8% | 9.0% |
| Revenue growth, year over year | +2.2% | +2.7% | +8.0% | +11.4% | +8.0% |
| Net income growth, year over year | −1.7% | +53.9% | +23.8% | −3.1% | – |
Balance sheet
Each column is one fiscal year, newest first.
| Line item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|
| Period end | Dec 31, 2025 | Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 |
| Filing | 10-K | 10-K | 10-K | 10-K | 10-K |
| Reported | Feb 10, 2026 | Feb 11, 2025 | Feb 13, 2024 | Feb 14, 2023 | Jan 20, 2022 |
| Cash and equivalents | $646.2M | $1.26B | $919.5M | $598.6M | $359.9M |
| Accounts receivable | $3.25B | $2.87B | $2.83B | $2.70B | $2.48B |
| Inventory | $1.49B | $1.46B | $1.50B | $1.79B | $1.49B |
| Total current assets | $5.96B | $6.03B | $5.64B | $5.49B | $4.69B |
| Property, plant and equipment | $4.28B | $3.75B | $3.47B | $3.29B | $3.29B |
| Goodwill | $9.23B | $7.91B | $8.15B | $8.01B | $8.06B |
| Intangible assets | $3.69B | $3.31B | $3.49B | $3.68B | $4.22B |
| Total assets | $24.7B | $22.4B | $21.8B | $21.5B | $21.2B |
| Accounts payable | $2.07B | $1.81B | $1.57B | $1.73B | $1.38B |
| Short-term debt | $870.4M | $615.7M | $630.4M | $505.1M | $411.0M |
| Total current liabilities | $5.53B | $4.79B | $4.35B | $4.21B | $3.55B |
| Total liabilities | $14.9B | $13.6B | $13.8B | $14.2B | $14.0B |
| Shareholders' equity | $9.80B | $8.79B | $8.07B | $7.26B | $7.25B |
Cash flow statement
Each column is one fiscal year, newest first. Free cash flow is operating cash flow minus capital expenditures.
| Line item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|
| Period end | Dec 31, 2025 | Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 |
| Filing | 10-K | 10-K | 10-K | 10-K | 10-K |
| Reported | Feb 10, 2026 | Feb 11, 2025 | Feb 13, 2024 | Feb 14, 2023 | Jan 20, 2022 |
| Operating cash flow | $2.95B | $2.81B | $2.41B | $1.79B | $2.06B |
| Capital expenditures | $1.05B | $994.5M | $774.8M | $712.8M | $643.0M |
| Free cash flow | $1.90B | $1.82B | $1.64B | $1.08B | $1.42B |
| Stock-based compensation | $136.6M | $134.8M | $95.1M | $87.8M | $89.5M |
| Dividends paid | $753.6M | $664.3M | $617.3M | $602.8M | $566.4M |
| Share buybacks | $783.8M | $986.5M | $13.7M | $518.2M | $106.6M |
| Investing cash flow | -$2.71B | -$433.8M | -$990.5M | -$716.8M | -$4.58B |
| Financing cash flow | -$853.3M | -$2.02B | -$1.05B | -$837.3M | $1.60B |
| Net change in cash | – | – | $320.9M | $238.7M | -$900.3M |
| Ratio | |||||
| Stock-based compensation, % of revenue | 0.8% | 0.9% | 0.6% | 0.6% | 0.7% |
Shares outstanding
Common shares outstanding as stated on the cover of each 10-K and 10-Q. The date is the cover date, not the period end; a rising count means dilution.
| Cover date | Shares outstanding | Change in a year | Filing |
|---|---|---|---|
| Sep 30, 2026 | 280.5M | −1.0% | SEC |
| Jun 30, 2026 | 280.3M | −1.2% | SEC |
| Mar 31, 2026 | 281.4M | −0.7% | SEC |
| Jan 30, 2026 | 282.0M | −0.4% | SEC |
| Sep 30, 2025 | 283.2M | 0.0% | SEC |
| Jun 30, 2025 | 283.6M | −0.3% | SEC |
| Mar 31, 2025 | 283.5M | −0.7% | SEC |
| Jan 31, 2025 | 283.0M | −0.9% | SEC |
Notes and known gaps
How these numbers are put together, and what they can't tell you.
- Numbers come from the XBRL data in each period's original 10-K, 10-Q, 20-F or 40-F, or its amendment. They are shown as filed: later filings don't restate earlier periods here.
- Reported is the filing date of the first 8-K with Item 2.02 (results of operations) after the period ended, no later than the 10-Q or 10-K and within 120 days. Companies that release results only in the 10-Q, and foreign companies, which use Form 6-K, have none.
Known gaps
- Foreign companies that file Form 20-F or 40-F have annual statements only: their quarterly results are furnished on Form 6-K, which has no XBRL data.
- EPS and share counts are as reported at the time, not adjusted for later stock splits.
- For ADRs, EPS is per ordinary share, not per ADS (one TSMC ADS is five ordinary shares).
- For banks, revenue may be interest income only, depending on how the bank tags its filings; cost of revenue and gross profit are usually blank.
- Companies with several share classes, such as Berkshire Hathaway, may have no EPS and no cover share count.
- Depreciation and amortization is missing for some companies that report it under their own XBRL tags.