ECL

MKT CAP:$76B

Ecolab Inc.

Market Cap

$76B

Basic Materials·Chemicals - Specialty·🇺🇸 United States·NYSE

Materials·Chemicals·🇺🇸·NYSE

Stock Price

$269.32+$6.68 (+2.54%)

Apr 24, 2026

Company Details

Ecolab Inc. provides water, hygiene, and infection prevention solutions and services in the United States and internationally. The company operates through Global Industrial, Global Institutional & Specialty, and Global Healthcare & Life Sc...

CEO

Christophe Beck

IPO Date

Jan 1, 1957

Website

www.ecolab.com

Key Metrics TTM

Revenue

$15.7B

— YoY

Net Income

$2.0B

EPS (Diluted)

$7.13

Free Cash Flow

$2.0B

Revenue / Share

$54.81

Gross Margin

43.1%

Operating Margin

16.2%

Net Margin

13.0%

FCF Margin

12.8%

P/S

4.8x

P/E

37.2x

Earnings Reports

Q4 2024

Apr 28, 2026

PENDING

Q3 2024

Oct 31, 2024

$4.0BEPS $2.58

Q2 2024

Aug 2, 2024

$4.0BEPS $1.71

Q1 2024

May 2, 2024

$3.8BEPS $1.43

FY 2023

Feb 23, 2024

$15.3BEPS $4.79

Revenue & Profitability

Quarter	Revenue	Gross Profit	Operating Income
Q1 18	$3.5B	$1.4B	$448M
Q4 23	$3.9B	$1.7B	$614M
Q1 24	$3.8B	$1.6B	$547M
Q2 24	$4.0B	$1.7B	$673M
Q3 24	$4.0B	$1.7B	$707M

Valuation

Quarter	P/S	P/E
Q1 18	—	—
Q4 23	—	—
Q1 24	—	—
Q2 24	4.4x	42.9x
Q3 24	4.7x	35.7x

Operating Cash Flow

Quarter	Operating CF	Free CF
Q1 18	$487M	$284M
Q4 23	$853M	$590M
Q1 24	$649M	$448M
Q2 24	$611M	$414M
Q3 24	$787M	$550M

Capital Expenditures

Quarter	CapEx
Q1 18	$203M
Q4 23	$263M
Q1 24	$202M
Q2 24	$197M
Q3 24	$236M

CapEx

OpEx vs Revenue Growth (YoY)

Quarter	Revenue Growth	OpEx Growth
Q3 24	+15.2%	+8.9%

Stock-Based Compensation

Quarter	SBC ($)	% of Revenue
Q1 18	$34M	1.0%
Q4 23	$22M	0.6%
Q1 24	$47M	1.3%
Q2 24	$36M	0.9%
Q3 24	$27M	0.7%

OpEx Breakdown

Quarter	R&D	SG&A
Q1 18	—	$952M
Q4 23	$192M	$1.0B
Q1 24	—	$1.1B
Q2 24	—	$1.1B
Q3 24	—	$1.0B

Revenue Segments

Quarter	Global Energy	Global Industrial	Global Institutional	Other	Global Healthcare and Life Sciences	Global Institutional and Specialty	Global Pest Elimination
Q1 18	$847M	$1.2B	$1.2B	$197M	—	—	—
Q4 23	—	$1.8B	—	$368M	$400M	$1.3B	—
Q1 24	—	$1.8B	—	—	$383M	$1.3B	$267M
Q2 24	—	$2.0B	—	—	$395M	$1.4B	$297M
Q3 24	—	$2.0B	—	—	$334M	$1.4B	$309M

Revenue by Geography

Quarter	Asia Pacific	C [N]	Canada	Europe	Latin America	Middle East And Africa	United States
Q4 23	$333M	$176M	$453M	$825M	$280M	$152M	$1.7B
Q1 24	$321M	$167M	$112M	$763M	$260M	$122M	$2.0B
Q2 24	$325M	$170M	$118M	$823M	$265M	$139M	$2.1B
Q3 24	$325M	$175M	$125M	$834M	$264M	$142M	$2.1B

War Chest

Quarter	Cash	Short-term Investments	Total
Q1 22	$99M	$0	$99M
Q2 22	$125M	$0	$125M
Q3 22	$113M	$0	$113M
Q4 22	$599M	$0	$599M
Q1 23	$419M	$0	$419M
Q2 23	$554M	$0	$554M
Q3 23	$1.0B	$0	$1.0B
Q4 23	$920M	$0	$920M
Q1 24	$480M	$0	$480M
Q2 24	$384M	$0	$384M
Q3 24	$1.3B	$0	$1.3B
Q4 24	$1.3B	$0	$1.3B
Q1 25	$1.2B	$0	$1.2B
Q2 25	$1.9B	$0	$1.9B
Q3 25	$2.0B	$0	$2.0B
Q4 25	$646M	$0	$646M

Shares Outstanding

Quarter	Shares (Diluted)	QoQ Change	YoY Change
Q1 18	293M	—	—
Q4 23	287M	-1.9%	—
Q1 24	288M	+0.2%	—
Q2 24	287M	-0.3%	—
Q3 24	286M	-0.3%	-2.3%

Shares Outstanding

Revenue Per Employee

Period	Revenue/Employee	Employees
Q1 18	$71.7K	48K
Q4 23	$82.0K	48K
Q1 24	$78.2K	48K
Q2 24	$83.0K	48K
Q3 24	$83.3K	48K

Revenue / Employee