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Ecolab (ECL) Financials

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$260.80 -0.96 (-0.37%)
Closing price 08/1/2025 03:59 PM Eastern
Extended Trading
$260.90 +0.10 (+0.04%)
As of 08/1/2025 06:53 PM Eastern
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Annual Income Statements for Ecolab

Annual Income Statements for Ecolab

This table shows Ecolab's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024
Period end date 12/31/2015 12/31/2016 12/31/2017 12/31/2018 12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024
Net Income / (Loss) Attributable to Common Shareholders		 1,002 1,229 1,505 1,429 1,559 -1,205 1,130 1,092 1,372 2,112
Consolidated Net Income / (Loss)		 1,017 1,247 1,519 1,445 1,576 -1,188 1,144 1,109 1,393 2,132
Net Income / (Loss) Continuing Operations		 1,017 1,247 1,519 1,266 1,443 985 1,144 1,109 1,393 2,132
Total Pre-Tax Income 		1,318 1,649 1,762 1,587 1,732 1,161 1,414 1,343 1,756 2,571
Total Operating Income		 1,561 1,870 1,950 1,728 1,845 1,396 1,599 1,563 1,992 2,802
Total Gross Profit		 6,322 5,618 5,772 5,347 5,516 4,884 5,117 5,357 6,165 6,842
Total Revenue		 13,545 13,152 13,836 12,222 12,562 11,790 12,733 14,188 15,320 15,741
Operating Revenue		 13,545 13,152 13,836 12,222 12,562 11,790 12,733 14,188 15,320 15,741
Total Cost of Revenue		 7,224 7,534 8,064 6,875 7,046 6,906 7,616 8,831 9,155 8,900
Operating Cost of Revenue		 7,224 7,534 8,064 6,875 7,046 6,906 7,616 8,831 9,155 8,900
Total Operating Expenses		 4,760 3,748 3,822 3,619 3,671 3,489 3,519 3,794 4,173 4,039
Selling, General & Admin Expense		 4,346 3,708 3,825 3,506 3,551 3,309 3,416 3,654 4,062 4,228
Other Special Charges / (Income)		 415 40 -3.70 113 120 180 103 141 111 -189
Total Other Income / (Expense), net		 -244 -221 -188 -141 -114 -234 -184 -219 -237 -231
Interest Expense		 244 265 255 221 191 290 218 244 297 283
Other Income / (Expense), net		 - 44 67 80 77 56 34 25 60 51
Income Tax Expense		 301 403 244 321 289 177 270 235 363 439
Net Income / (Loss) Attributable to Noncontrolling Interest		 15 18 14 16 17 17 14 17 21 20
Basic Earnings per Share		 $3.38 $4.20 $5.20 $4.95 $5.41 ($4.20) $3.95 $3.83 $4.82 $7.43
Weighted Average Basic Shares Outstanding		 296.40M 292.50M 289.60M 288.60M 288.10M 287M 286.30M 285.20M 285M 284.30M
Diluted Earnings per Share		 $3.32 $4.14 $5.12 $4.88 $5.33 ($4.15) $3.91 $3.81 $4.79 $7.37
Weighted Average Diluted Shares Outstanding		 301.40M 296.70M 294M 292.80M 292.50M 290.30M 289.10M 286.60M 286.50M 286.60M
Weighted Average Basic & Diluted Shares Outstanding		 296.50M 292.80M -150.46B 288.70M 288.17M 285.85M 286.75M 284.46M 285.51M 283.00M
Cash Dividends to Common per Share		 $1.34 $1.42 $1.52 $1.69 $1.85 $1.89 $1.95 $2.06 $2.16 $2.36

Quarterly Income Statements for Ecolab

This table shows Ecolab's income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric Q3 2022 Q4 2022 Q1 2023 Q2 2023 Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025
Period end date 9/30/2022 12/31/2022 3/31/2023 6/30/2023 9/30/2023 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024 3/31/2025
Net Income / (Loss) Attributable to Common Shareholders		 347 264 233 330 404 405 412 491 737 473 403
Consolidated Net Income / (Loss)		 352 270 238 335 409 411 417 495 741 480 407
Net Income / (Loss) Continuing Operations		 352 270 238 335 409 411 417 495 741 480 407
Total Pre-Tax Income 		412 322 291 421 506 538 459 591 987 534 510
Total Operating Income		 483 399 352 485 566 590 518 657 1,045 583 555
Total Gross Profit		 1,378 1,416 1,366 1,517 1,628 1,654 1,624 1,745 1,737 1,736 1,635
Total Revenue		 3,669 3,671 3,572 3,852 3,958 3,938 3,752 3,986 3,999 4,005 3,695
Operating Revenue		 3,669 3,671 3,572 3,852 3,958 3,938 3,752 3,986 3,999 4,005 3,695
Total Cost of Revenue		 2,292 2,255 2,205 2,335 2,331 2,284 2,128 2,241 2,262 2,269 2,060
Operating Cost of Revenue		 2,292 2,255 2,205 2,335 2,331 2,284 2,128 2,241 2,262 2,269 2,060
Total Operating Expenses		 895 1,017 1,015 1,033 1,062 1,064 1,106 1,088 692 1,153 1,080
Selling, General & Admin Expense		 877 922 990 1,012 1,025 1,035 1,078 1,076 1,025 1,050 1,050
Other Special Charges / (Income)		 18 95 25 21 37 29 28 12 -333 103 30
Total Other Income / (Expense), net		 -71 -78 -61 -63 -60 -53 -59 -66 -58 -49 -45
Interest Expense		 65 70 74 78 74 70 72 79 70 62 58
Other Income / (Expense), net		 -5.70 -8.10 13 14 15 18 13 13 13 13 13
Income Tax Expense		 60 52 52 87 97 127 42 96 247 55 104
Net Income / (Loss) Attributable to Noncontrolling Interest		 4.90 5.10 4.70 5.00 5.40 5.60 4.50 4.10 4.30 6.60 4.00
Basic Earnings per Share		 $1.22 $0.93 $0.82 $1.16 $1.42 $1.42 $1.44 $1.72 $2.60 $1.67 $1.42
Weighted Average Basic Shares Outstanding		 284.90M 285.20M 284.60M 284.90M 285.10M 285M 285.70M 284.60M 283.60M 284.30M 283.40M
Diluted Earnings per Share		 $1.21 $0.92 $0.82 $1.15 $1.41 $1.41 $1.43 $1.71 $2.58 $1.65 $1.41
Weighted Average Diluted Shares Outstanding		 286.30M 286.60M 285.90M 286.30M 286.90M 286.50M 287.80M 287M 286M 286.60M 285.30M
Weighted Average Basic & Diluted Shares Outstanding		 284.83M 284.46M 284.72M 285.03M 285.14M 285.51M 285.57M 284.54M 283.16M 283.00M 283.51M

Annual Cash Flow Statements for Ecolab

This table details how cash moves in and out of Ecolab's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024
Period end date 12/31/2015 12/31/2016 12/31/2017 12/31/2018 12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024
Net Change in Cash & Equivalents		 -117 288 -158 75 -128 1,074 -900 239 321 337
Net Cash From Operating Activities		 2,000 1,940 2,091 2,278 2,421 1,860 2,062 1,788 2,412 2,814
Net Cash From Continuing Operating Activities		 2,000 1,940 2,091 2,007 2,047 1,742 2,062 1,788 2,412 2,814
Net Income / (Loss) Continuing Operations		 1,017 1,247 1,519 1,266 1,443 985 1,144 1,109 1,393 2,132
Consolidated Net Income / (Loss)		 1,017 1,247 1,519 1,266 1,443 -1,186 1,144 1,109 1,393 2,132
Depreciation Expense		 560 561 586 536 569 594 604 619 617 635
Amortization Expense		 300 290 308 195 206 218 239 320 307 301
Non-Cash Adjustments To Reconcile Net Income		 447 -97 -9.60 113 -32 199 75 160 -12 -239
Changes in Operating Assets and Liabilities, net		 -324 -61 -311 -102 -140 -255 -0.50 -419 107 -14
Net Cash From Investing Activities		 -916 -774 -1,727 -1,030 -1,199 -415 -4,580 -717 -991 -434
Net Cash From Continuing Investing Activities		 -916 -774 -1,727 -962 -1,130 -858 0.00 -717 -991 -434
Purchase of Property, Plant & Equipment		 -815 -757 -869 -779 -731 -489 -643 -713 -775 -995
Acquisitions		 -266 -50 -989 -230 -391 -487 -3,924 -7.20 -180 -313
Sale of Property, Plant & Equipment		 15 31 11 28 7.50 5.30 12 2.20 9.90 11
Divestitures		 -3.70 0.90 119 9.20 6.80 116 - 0.00 0.00 890
Other Investing Activities, net		 46 0.00 -0.80 9.40 -21 -3.20 -25 1.00 -45 -27
Net Cash From Financing Activities		 -1,151 -868 -523 -1,173 -1,350 -342 1,603 -837 -1,055 -2,024
Net Cash From Continuing Financing Activities		 -1,151 -868 -523 -1,171 -1,347 -340 0.00 -837 -1,055 -2,024
Repayment of Debt		 -1,347 -1,570 -858 -571 -375 -1,657 -1,062 -7.10 -505 -634
Repurchase of Common Equity		 -755 -740 -600 -562 -354 -146 -107 -518 -14 -987
Payment of Dividends		 -401 -428 -449 -495 -553 -561 -566 -603 -617 -664
Issuance of Debt		 1,224 1,784 1,309 342 -252 1,790 3,169 90 0.00 1.90
Other Financing Activities, net		 128 85 75 115 187 233 169 201 82 259
Effect of Exchange Rate Changes		 -50 -10 - - - -30 14 4.40 - -19
Cash Interest Paid		 237 267 239 206 189 263 209 222 325 343
Cash Income Taxes Paid		 533 359 403 365 337 367 276 309 469 647

Quarterly Cash Flow Statements for Ecolab

This table details how cash moves in and out of Ecolab's business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric Q3 2022 Q4 2022 Q1 2023 Q2 2023 Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025
Period end date 9/30/2022 12/31/2022 3/31/2023 6/30/2023 9/30/2023 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024 3/31/2025
Net Change in Cash & Equivalents		 -12 486 -179 135 447 -82 -440 -90 871 -4.30 -94
Net Cash From Operating Activities		 437 859 198 573 788 853 649 611 787 767 369
Net Cash From Continuing Operating Activities		 - 1,788 198 573 788 853 649 611 787 767 369
Net Income / (Loss) Continuing Operations		 352 270 238 335 409 411 417 495 741 480 407
Consolidated Net Income / (Loss)		 352 270 238 335 409 411 417 495 741 480 407
Depreciation Expense		 152 155 159 153 152 153 157 160 157 161 161
Amortization Expense		 81 81 76 77 77 77 78 75 73 74 75
Non-Cash Adjustments To Reconcile Net Income		 20 129 -5.60 27 -30 -2.60 37 26 -363 60 49
Changes in Operating Assets and Liabilities, net		 -168 224 -269 -17 179 214 -39 -145 179 -8.70 -322
Net Cash From Investing Activities		 -196 -210 -189 -274 -179 -348 -201 -244 639 -628 -224
Net Cash From Continuing Investing Activities		 - -717 -189 -274 -179 -348 -201 -244 639 -628 -224
Purchase of Property, Plant & Equipment		 -193 -203 -174 -172 -167 -263 -202 -197 -236 -360 -238
Sale of Property, Plant & Equipment		 0.70 0.80 4.80 3.80 0.90 0.40 0.70 2.80 -0.20 8.00 22
Divestitures		 - - - - - - - - - - -15
Other Investing Activities, net		 -3.80 -8.40 -21 -0.90 -11 -13 -0.20 -12 3.70 -19 7.20
Net Cash From Financing Activities		 -247 -162 -166 -156 -147 -586 -889 -446 -548 -140 -242
Net Cash From Continuing Financing Activities		 - -837 -166 -156 -147 -586 -889 -446 -548 -140 -242
Repayment of Debt		 -1.80 -3.90 -0.70 -0.80 -0.90 -503 -630 -0.70 -1.80 -1.10 1.10
Repurchase of Common Equity		 -43 -73 -11 -0.30 -0.80 -2.00 -196 -323 -464 -2.80 -154
Payment of Dividends		 -145 -158 -158 -151 -154 -155 -175 -166 -162 -161 -192
Issuance of Debt		 -120 2.10 5.50 -3.80 -2.00 0.30 7.20 -5.50 1.60 -1.40 4.50
Other Financing Activities, net		 62 71 -2.90 - 11 74 106 48 78 27 99
Effect of Exchange Rate Changes		 -5.70 -1.40 -22 - - - - - -6.40 -3.40 2.00

Annual Balance Sheets for Ecolab

This table presents Ecolab's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024
Period end date 12/31/2015 12/31/2016 12/31/2017 12/31/2018 12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024
Total Assets		 18,642 18,330 19,964 20,075 20,869 18,126 21,206 21,464 21,847 22,388
Total Current Assets		 4,448 4,279 4,594 4,678 4,828 5,117 4,687 5,494 5,644 6,026
Cash & Equivalents		 93 327 211 115 119 1,260 360 599 920 1,257
Accounts Receivable		 2,390 2,341 2,571 2,663 2,382 2,274 2,478 2,698 2,834 2,865
Inventories, net		 1,388 1,319 1,447 1,546 1,082 1,285 1,492 1,793 1,497 1,465
Other Current Assets		 326 291 365 354 295 298 357 405 393 439
Plant, Property, & Equipment, net		 3,228 3,365 3,707 3,836 3,228 3,125 3,289 3,293 3,475 3,752
Total Noncurrent Assets		 10,966 10,686 11,662 11,561 12,812 9,884 13,231 12,677 12,728 12,610
Goodwill		 6,491 6,383 7,167 7,078 5,569 6,007 8,064 8,013 8,148 7,907
Intangible Assets		 4,109 3,818 4,018 3,798 2,928 2,977 4,224 3,681 3,494 3,309
Other Noncurrent Operating Assets		 366 485 477 685 983 900 943 983 1,086 1,394
Total Liabilities & Shareholders' Equity		 18,642 18,330 19,964 20,075 20,869 18,126 21,206 21,464 21,847 22,388
Total Liabilities		 11,661 11,359 12,310 12,021 12,143 11,925 13,953 14,206 13,774 13,599
Total Current Liabilities		 4,764 3,019 3,475 3,686 3,631 2,932 3,553 4,210 4,346 4,793
Short-Term Debt		 2,205 541 564 744 381 17 411 505 630 616
Accounts Payable		 1,050 983 1,177 1,256 1,075 1,161 1,384 1,728 1,566 1,810
Current Deferred & Payable Income Tax Liabilities		 52 87 184 101 137 96 104 198 159 127
Current Employee Benefit Liabilities		 509 516 549 580 566 469 510 494 656 727
Other Current Liabilities		 948 891 1,001 1,006 1,111 1,189 1,144 1,286 1,335 1,513
Total Noncurrent Liabilities		 6,897 8,340 8,835 8,335 8,513 8,992 10,400 9,995 9,429 8,806
Long-Term Debt		 4,260 6,146 6,758 6,302 5,973 6,669 8,347 8,075 7,551 6,949
Noncurrent Deferred & Payable Income Tax Liabilities		 1,281 970 635 765 537 484 622 506 418 280
Noncurrent Employee Benefit Liabilities		 1,117 1,019 1,026 944 1,084 1,226 894 670 652 635
Other Noncurrent Operating Liabilities		 238 205 415 325 616 613 537 744 807 942
Commitments & Contingencies		 - - 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Total Equity & Noncontrolling Interests		 6,980 6,971 7,654 8,054 8,726 6,202 7,253 7,259 8,072 8,789
Total Preferred & Common Equity		 6,910 6,901 7,584 8,003 8,685 6,167 7,224 7,236 8,045 8,757
Total Common Equity		 6,910 6,901 7,584 8,003 8,685 6,167 7,224 7,236 8,045 8,757
Common Stock		 5,436 5,623 5,790 5,990 6,267 6,598 6,829 6,945 7,132 7,527
Retained Earnings		 6,160 6,975 8,012 8,910 9,994 8,243 8,815 9,319 10,075 11,517
Treasury Stock		 -3,264 -3,984 -4,575 -5,135 -5,485 -6,680 -6,784 -7,301 -7,313 -8,305
Accumulated Other Comprehensive Income / (Loss)		 -1,423 -1,713 -1,643 -1,762 -2,090 -1,994 -1,635 -1,727 -1,850 -1,982
Noncontrolling Interest		 71 70 70 50 41 35 29 23 28 32

Quarterly Balance Sheets for Ecolab

This table presents Ecolab's assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric Q3 2022 Q4 2022 Q1 2023 Q2 2023 Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025
Period end date 9/30/2022 12/31/2022 3/31/2023 6/30/2023 9/30/2023 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024 3/31/2025
Total Assets		 21,037 21,464 21,252 21,456 21,858 21,847 21,299 21,462 22,102 22,388 22,366
Total Current Assets		 5,099 5,494 5,273 5,437 5,789 5,644 5,212 5,752 6,118 6,026 6,081
Cash & Equivalents		 113 599 419 554 1,001 920 480 384 1,261 1,257 1,163
Accounts Receivable		 2,714 2,698 2,668 2,780 2,824 2,834 2,787 2,876 2,883 2,865 2,857
Inventories, net		 1,803 1,793 1,727 1,646 1,536 1,497 1,566 1,506 1,572 1,465 1,547
Other Current Assets		 469 405 458 456 429 393 379 986 402 439 514
Plant, Property, & Equipment, net		 3,261 3,293 3,313 3,327 3,333 3,475 3,451 3,417 3,546 3,752 3,776
Total Noncurrent Assets		 12,677 12,677 12,666 12,693 12,736 12,728 12,636 12,293 12,438 12,610 12,510
Goodwill		 7,741 8,013 8,062 8,101 8,098 8,148 8,111 7,822 7,899 7,907 7,865
Intangible Assets		 3,915 3,681 3,617 3,604 3,529 3,494 3,414 3,334 3,282 3,309 3,229
Other Noncurrent Operating Assets		 1,020 983 987 988 1,109 1,086 1,111 1,137 1,257 1,394 1,416
Total Liabilities & Shareholders' Equity		 21,037 21,464 21,252 21,456 21,858 21,847 21,299 21,462 22,102 22,388 22,366
Total Liabilities		 13,947 14,206 13,887 13,876 14,036 13,774 13,073 13,154 13,526 13,599 13,463
Total Current Liabilities		 3,772 4,210 4,490 4,468 4,601 4,346 3,701 3,848 4,709 4,793 4,609
Short-Term Debt		 498 505 1,118 1,122 1,129 630 11 5.90 643 616 614
Accounts Payable		 1,584 1,728 1,470 1,477 1,499 1,566 1,607 1,691 1,812 1,810 1,766
Current Deferred & Payable Income Tax Liabilities		 110 198 172 117 134 159 202 137 235 127 179
Current Employee Benefit Liabilities		 434 494 450 469 553 656 527 541 605 727 540
Other Current Liabilities		 1,145 1,286 1,280 1,282 1,285 1,335 1,354 1,411 1,414 1,513 1,511
Total Noncurrent Liabilities		 10,175 9,995 9,397 9,408 9,435 9,429 9,372 9,306 8,817 8,806 8,854
Long-Term Debt		 8,027 8,075 7,522 7,500 7,487 7,551 7,529 7,539 6,975 6,949 6,998
Noncurrent Deferred & Payable Income Tax Liabilities		 577 506 496 474 451 418 352 291 265 280 249
Noncurrent Employee Benefit Liabilities		 878 670 666 661 627 652 640 627 625 635 590
Other Noncurrent Operating Liabilities		 693 744 714 774 870 807 851 850 953 942 1,016
Commitments & Contingencies		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Total Equity & Noncontrolling Interests		 7,090 7,259 7,365 7,581 7,823 8,072 8,226 8,308 8,576 8,789 8,904
Total Preferred & Common Equity		 7,063 7,236 7,344 7,557 7,796 8,045 8,206 8,287 8,548 8,757 8,876
Total Common Equity		 7,063 7,236 7,344 7,557 7,796 8,045 8,206 8,287 8,548 8,757 8,876
Common Stock		 6,916 6,945 6,992 7,049 7,076 7,132 7,284 7,369 7,476 7,527 7,667
Retained Earnings		 9,205 9,319 9,401 9,580 9,833 10,075 10,325 10,653 11,228 11,517 11,735
Treasury Stock		 - -7,301 - - - -7,313 -7,522 -7,836 -8,303 -8,305 -8,462
Accumulated Other Comprehensive Income / (Loss)		 -1,831 -1,727 -1,737 -1,762 -1,801 -1,850 -1,881 -1,899 -1,854 -1,982 -2,064
Noncontrolling Interest		 27 23 21 24 27 28 20 21 28 32 28

Annual Metrics And Ratios for Ecolab

This table displays calculated financial ratios and metrics derived from Ecolab's official financial filings.

Metric 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024
Period end date 12/31/2015 12/31/2016 12/31/2017 12/31/2018 12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024
Growth Metrics		 - - - - - - - - - -
Revenue Growth		 -5.15% -2.90% 5.20% -11.66% 2.78% -6.14% 8.00% 11.42% 7.98% 2.75%
EBITDA Growth		 -14.37% 14.21% 5.28% -12.78% 6.26% -16.06% 9.33% 2.02% 17.82% 27.33%
EBIT Growth		 -20.14% 22.59% 5.40% -10.37% 6.30% -24.48% 12.46% -2.79% 29.31% 39.06%
NOPAT Growth		 -14.33% 17.27% 18.89% -17.96% 11.54% -23.03% 9.27% -0.26% 22.57% 46.98%
Net Income Growth		 -16.77% 22.54% 21.83% -4.87% 9.10% -175.35% 196.32% -3.07% 25.62% 53.04%
EPS Growth		 -15.52% 24.70% 23.67% -4.69% 9.22% -177.86% 194.22% -2.56% 25.72% 53.86%
Operating Cash Flow Growth		 237.01% -3.01% 7.82% 8.91% 6.28% -23.15% 10.84% -13.26% 34.86% 16.67%
Free Cash Flow Firm Growth		 -5.30% -8.70% -82.89% 371.86% 346.83% -82.70% -404.67% 162.29% -12.58% 72.24%
Invested Capital Growth		 -2.68% -0.17% 10.76% 1.48% -24.32% 2.53% 34.60% -2.63% 0.62% -1.55%
Revenue Q/Q Growth		 -1.95% -0.46% 2.20% -16.04% 12.03% 31.56% -14.31% 2.21% 1.78% 0.43%
EBITDA Q/Q Growth		 -7.75% 9.22% 6.58% -14.79% 10.75% -1.78% -0.97% 0.71% 7.62% -0.18%
EBIT Q/Q Growth		 -11.24% 13.87% 8.87% -11.84% 5.23% -3.48% -1.94% -0.19% 11.81% -0.42%
NOPAT Q/Q Growth		 -8.71% 8.92% 16.77% -21.65% 9.35% -3.70% 0.27% -0.38% 7.94% 3.19%
Net Income Q/Q Growth		 -10.58% 13.52% 14.91% -10.18% 1.95% -196.11% 135.00% -3.13% 11.29% 3.33%
EPS Q/Q Growth		 -10.99% 15.00% 15.58% -10.29% 2.11% -12.47% 0.77% -3.05% 11.40% 3.37%
Operating Cash Flow Q/Q Growth		 169.62% -36.07% 10.48% 8.63% -0.26% -8.43% -0.43% 13.90% -0.28% -2.96%
Free Cash Flow Firm Q/Q Growth		 -30.56% 10.93% 14.18% -23.89% 385.44% -80.18% -326.59% 177.57% -2.75% -7.12%
Invested Capital Q/Q Growth		 -0.50% -0.70% 0.80% 0.68% -25.50% -2.53% 30.27% -1.69% -0.67% 1.11%
Profitability Metrics		 - - - - - - - - - -
Gross Margin		 46.67% 42.72% 41.72% 43.75% 43.91% 41.43% 40.19% 37.76% 40.24% 43.46%
EBITDA Margin		 17.87% 21.02% 21.04% 20.77% 21.47% 19.20% 19.44% 17.80% 19.42% 24.07%
Operating Margin		 11.53% 14.22% 14.09% 14.14% 14.69% 11.84% 12.55% 11.01% 13.00% 17.80%
EBIT Margin		 11.53% 14.55% 14.58% 14.79% 15.30% 12.31% 12.82% 11.19% 13.40% 18.13%
Profit (Net Income) Margin		 7.51% 9.48% 10.98% 11.82% 12.55% -10.07% 8.98% 7.82% 9.09% 13.54%
Tax Burden Percent		 77.20% 75.57% 86.17% 91.03% 91.03% -102.26% 80.89% 82.54% 79.35% 82.91%
Interest Burden Percent		 84.40% 86.18% 87.36% 87.77% 90.08% 80.01% 86.63% 84.65% 85.54% 90.10%
Effective Tax Rate		 22.80% 24.43% 13.83% 20.24% 16.67% 15.21% 19.11% 17.46% 20.65% 17.09%
Return on Invested Capital (ROIC)		 8.90% 10.59% 11.96% 9.27% 11.68% 10.31% 9.48% 8.35% 10.34% 15.27%
ROIC Less NNEP Spread (ROIC-NNEP)		 5.94% 7.97% 9.56% 10.21% 12.49% -48.67% 7.32% 6.14% 7.88% 12.45%
Return on Net Nonoperating Assets (RNNOA)		 5.26% 7.28% 8.81% 9.13% 7.11% -26.22% 7.52% 6.93% 7.83% 10.02%
Return on Equity (ROE)		 14.16% 17.87% 20.77% 18.40% 18.79% -15.91% 17.01% 15.28% 18.17% 25.29%
Cash Return on Invested Capital (CROIC)		 11.62% 10.76% 1.75% 7.80% 39.36% 7.80% -20.02% 11.01% 9.73% 16.83%
Operating Return on Assets (OROA)		 8.20% 10.35% 10.54% 9.03% 9.39% 7.45% 8.30% 7.44% 9.48% 12.90%
Return on Assets (ROA)		 5.34% 6.74% 7.93% 7.22% 7.70% -6.09% 5.82% 5.20% 6.43% 9.64%
Return on Common Equity (ROCE)		 14.03% 17.69% 20.57% 18.25% 18.69% -15.83% 16.92% 15.23% 18.11% 25.20%
Return on Equity Simple (ROE_SIMPLE)		 14.72% 18.06% 20.02% 18.05% 18.15% -19.26% 15.84% 15.32% 17.32% 24.34%
Net Operating Profit after Tax (NOPAT)		 1,205 1,413 1,680 1,379 1,538 1,183 1,293 1,290 1,581 2,324
NOPAT Margin		 8.90% 10.75% 12.14% 11.28% 12.24% 10.04% 10.16% 9.09% 10.32% 14.76%
Net Nonoperating Expense Percent (NNEP)		 2.96% 2.62% 2.40% -0.94% -0.81% 58.98% 2.16% 2.21% 2.47% 2.83%
Return On Investment Capital (ROIC_SIMPLE)		 - - - - - - - 8.14% 9.73% 14.21%
Cost of Revenue to Revenue		 53.33% 57.28% 58.28% 56.25% 56.09% 58.57% 59.81% 62.24% 59.76% 56.54%
SG&A Expenses to Revenue		 32.08% 28.20% 27.65% 28.68% 28.27% 28.07% 26.83% 25.75% 26.51% 26.86%
R&D to Revenue		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Operating Expenses to Revenue		 35.14% 28.50% 27.62% 29.61% 29.22% 29.59% 27.63% 26.74% 27.24% 25.66%
Earnings before Interest and Taxes (EBIT)		 1,561 1,914 2,017 1,808 1,922 1,452 1,633 1,587 2,052 2,854
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)		 2,421 2,765 2,911 2,539 2,698 2,264 2,476 2,526 2,976 3,789
Valuation Ratios		 - - - - - - - - - -
Price to Book Value (P/BV)		 4.47 4.59 4.79 5.04 6.13 9.67 9.07 5.61 6.96 7.58
Price to Tangible Book Value (P/TBV)		 0.00 0.00 0.00 0.00 282.08 0.00 0.00 0.00 0.00 0.00
Price to Revenue (P/Rev)		 2.28 2.41 2.62 3.30 4.24 5.06 5.14 2.86 3.66 4.22
Price to Earnings (P/E)		 30.83 25.75 24.14 28.22 34.15 0.00 57.98 37.15 40.81 31.41
Dividend Yield		 1.28% 1.31% 1.21% 1.21% 1.00% 0.90% 0.85% 1.45% 1.10% 1.01%
Earnings Yield		 3.24% 3.88% 4.14% 3.54% 2.93% 0.00% 1.72% 2.69% 2.45% 3.18%
Enterprise Value to Invested Capital (EV/IC)		 2.80 2.86 2.95 3.16 5.25 5.60 4.72 3.19 4.13 4.81
Enterprise Value to Revenue (EV/Rev)		 2.76 2.90 3.14 3.87 4.74 5.52 5.81 3.42 4.13 4.62
Enterprise Value to EBITDA (EV/EBITDA)		 15.42 13.77 14.94 18.64 22.06 28.76 29.87 19.23 21.27 19.18
Enterprise Value to EBIT (EV/EBIT)		 23.92 19.89 21.56 26.17 30.96 44.86 45.29 30.60 30.84 25.47
Enterprise Value to NOPAT (EV/NOPAT)		 30.98 26.94 25.89 34.32 38.70 55.02 57.17 37.65 40.04 31.28
Enterprise Value to Operating Cash Flow (EV/OCF)		 18.67 19.63 20.80 20.77 24.58 35.00 35.86 27.15 26.25 25.83
Enterprise Value to Free Cash Flow (EV/FCFF)		 23.74 26.52 177.01 40.80 11.48 72.66 0.00 28.55 42.57 28.39
Leverage & Solvency		 - - - - - - - - - -
Debt to Equity		 0.93 0.96 0.96 0.87 0.73 1.08 1.21 1.18 1.01 0.86
Long-Term Debt to Equity		 0.61 0.88 0.88 0.78 0.68 1.08 1.15 1.11 0.94 0.79
Financial Leverage		 0.89 0.91 0.92 0.89 0.57 0.54 1.03 1.13 0.99 0.80
Leverage Ratio		 2.65 2.65 2.62 2.55 2.44 2.61 2.92 2.94 2.83 2.62
Compound Leverage Factor		 2.24 2.28 2.29 2.24 2.20 2.09 2.53 2.49 2.42 2.36
Debt to Total Capital		 48.09% 48.96% 48.89% 46.66% 42.13% 51.88% 54.70% 54.17% 50.34% 46.26%
Short-Term Debt to Total Capital		 16.40% 3.96% 3.77% 4.92% 2.52% 0.13% 2.57% 3.19% 3.88% 3.76%
Long-Term Debt to Total Capital		 31.68% 45.00% 45.13% 41.74% 39.61% 51.75% 52.13% 50.98% 46.46% 42.49%
Preferred Equity to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Noncontrolling Interests to Total Capital		 0.52% 0.51% 0.47% 0.33% 0.27% 0.27% 0.18% 0.14% 0.17% 0.20%
Common Equity to Total Capital		 51.39% 50.53% 50.64% 53.01% 57.60% 47.85% 45.12% 45.69% 49.49% 53.55%
Debt to EBITDA		 2.67 2.42 2.52 2.78 2.36 2.95 3.54 3.40 2.75 2.00
Net Debt to EBITDA		 2.63 2.30 2.44 2.73 2.31 2.40 3.39 3.16 2.44 1.66
Long-Term Debt to EBITDA		 1.76 2.22 2.32 2.48 2.21 2.95 3.37 3.20 2.54 1.83
Debt to NOPAT		 5.36 4.73 4.36 5.11 4.13 5.65 6.77 6.65 5.18 3.26
Net Debt to NOPAT		 5.29 4.50 4.23 5.03 4.05 4.59 6.49 6.19 4.59 2.71
Long-Term Debt to NOPAT		 3.53 4.35 4.02 4.57 3.88 5.64 6.45 6.26 4.78 2.99
Altman Z-Score		 3.03 3.35 3.43 3.60 4.28 4.70 4.32 3.30 4.17 4.84
Noncontrolling Interest Sharing Ratio		 0.95% 1.01% 0.96% 0.77% 0.54% 0.51% 0.47% 0.35% 0.33% 0.35%
Liquidity Ratios		 - - - - - - - - - -
Current Ratio		 0.93 1.42 1.32 1.27 1.33 1.75 1.32 1.30 1.30 1.26
Quick Ratio		 0.52 0.88 0.80 0.75 0.69 1.21 0.80 0.78 0.86 0.86
Cash Flow Metrics		 - - - - - - - - - -
Free Cash Flow to Firm (FCFF)		 1,573 1,436 246 1,160 5,181 896 -2,730 1,701 1,487 2,561
Operating Cash Flow to CapEx		 249.91% 267.07% 243.77% 303.41% 334.44% 384.58% 326.87% 251.67% 315.31% 286.20%
Free Cash Flow to Firm to Interest Expense		 6.46 5.43 0.96 5.24 27.17 3.09 -12.51 6.98 5.01 9.06
Operating Cash Flow to Interest Expense		 8.21 7.33 8.20 10.30 12.69 6.41 9.45 7.34 8.13 9.96
Operating Cash Flow Less CapEx to Interest Expense		 4.92 4.59 4.84 6.91 8.90 4.74 6.56 4.42 5.55 6.48
Efficiency Ratios		 - - - - - - - - - -
Asset Turnover		 0.71 0.71 0.72 0.61 0.61 0.60 0.65 0.67 0.71 0.71
Accounts Receivable Turnover		 5.40 5.56 5.63 4.67 4.98 5.06 5.36 5.48 5.54 5.52
Inventory Turnover		 5.06 5.57 5.83 4.59 5.36 5.84 5.48 5.38 5.57 6.01
Fixed Asset Turnover		 4.31 3.99 3.91 3.24 3.56 3.71 3.97 4.31 4.53 4.36
Accounts Payable Turnover		 6.53 7.41 7.47 5.65 6.05 6.18 5.99 5.67 5.56 5.27
Days Sales Outstanding (DSO)		 67.60 65.65 64.80 78.15 73.29 72.07 68.11 66.59 65.90 66.07
Days Inventory Outstanding (DIO)		 72.13 65.59 62.59 79.44 68.07 62.55 66.55 67.88 65.59 60.74
Days Payable Outstanding (DPO)		 55.89 49.24 48.89 64.57 60.37 59.09 60.98 64.32 65.67 69.24
Cash Conversion Cycle (CCC)		 83.84 82.00 78.50 93.02 80.98 75.53 73.68 70.14 65.81 57.58
Capital & Investment Metrics		 - - - - - - - - - -
Invested Capital		 13,353 13,331 14,765 14,984 11,341 11,628 15,651 15,240 15,335 15,097
Invested Capital Turnover		 1.00 0.99 0.98 0.82 0.95 1.03 0.93 0.92 1.00 1.03
Increase / (Decrease) in Invested Capital		 -368 -23 1,435 219 -3,644 287 4,024 -411 94 -237
Enterprise Value (EV)		 37,340 38,077 43,499 47,313 59,504 65,115 73,935 48,563 63,299 72,690
Market Capitalization		 30,896 31,647 36,317 40,332 53,229 59,653 65,508 40,559 56,009 66,350
Book Value per Share		 $23.40 $23.67 $26.25 $27.70 $30.13 $21.60 $25.21 $25.41 $28.21 $30.93
Tangible Book Value per Share		 ($12.50) ($11.32) ($12.46) ($9.94) $0.65 ($9.87) ($17.67) ($15.65) ($12.61) ($8.68)
Total Capital		 13,446 13,658 14,977 15,099 15,079 12,888 16,011 15,839 16,254 16,354
Total Debt		 6,466 6,687 7,323 7,045 6,354 6,687 8,758 8,580 8,182 7,565
Total Long-Term Debt		 4,260 6,146 6,758 6,302 5,973 6,669 8,347 8,075 7,551 6,949
Net Debt		 6,373 6,360 7,111 6,931 6,235 5,426 8,398 7,982 7,262 6,308
Capital Expenditures (CapEx)		 800 726 858 751 724 484 631 711 765 983
Debt-free, Cash-free Net Working Capital (DFCFNWC)		 1,796 1,474 1,472 1,621 1,460 942 1,185 1,190 1,009 592
Debt-free Net Working Capital (DFNWC)		 1,888 1,801 1,684 1,736 1,578 2,203 1,545 1,789 1,929 1,849
Net Working Capital (NWC)		 -317 1,260 1,119 992 1,198 2,185 1,134 1,284 1,298 1,233
Net Nonoperating Expense (NNE)		 188 167 162 -66 -39 2,371 149 181 188 192
Net Nonoperating Obligations (NNO)		 6,373 6,360 7,111 6,931 2,615 5,426 8,398 7,982 7,262 6,308
Total Depreciation and Amortization (D&A)		 860 851 893 730 775 813 843 939 924 935
Debt-free, Cash-free Net Working Capital to Revenue		 13.26% 11.21% 10.64% 13.26% 11.62% 7.99% 9.31% 8.39% 6.59% 3.76%
Debt-free Net Working Capital to Revenue		 13.94% 13.70% 12.17% 14.20% 12.56% 18.68% 12.13% 12.61% 12.59% 11.74%
Net Working Capital to Revenue		 -2.34% 9.58% 8.09% 8.12% 9.54% 18.53% 8.91% 9.05% 8.47% 7.83%
Earnings Adjustments		 - - - - - - - - - -
Adjusted Basic Earnings per Share		 $0.00 $0.00 $0.00 $0.00 $5.41 ($4.20) $3.95 $0.00 $4.82 $7.43
Adjusted Weighted Average Basic Shares Outstanding		 0.00 0.00 0.00 0.00 288.10M 287M 286.30M 0.00 285M 284.30M
Adjusted Diluted Earnings per Share		 $0.00 $0.00 $0.00 $0.00 $5.33 ($4.15) $3.91 $0.00 $4.79 $7.37
Adjusted Weighted Average Diluted Shares Outstanding		 0.00 0.00 0.00 0.00 292.50M 290.30M 289.10M 0.00 286.50M 286.60M
Adjusted Basic & Diluted Earnings per Share		 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding		 0.00 0.00 0.00 0.00 288.17M 285.85M 286.75M 0.00 285.51M 283.00M
Normalized Net Operating Profit after Tax (NOPAT)		 1,525 1,443 1,677 1,468 1,638 1,336 1,376 1,406 1,669 2,167
Normalized NOPAT Margin		 11.26% 10.97% 12.12% 12.01% 13.04% 11.33% 10.81% 9.91% 10.90% 13.77%
Pre Tax Income Margin		 9.73% 12.54% 12.74% 12.99% 13.78% 9.85% 11.11% 9.47% 11.46% 16.33%
Debt Service Ratios		 - - - - - - - - - -
EBIT to Interest Expense		 6.41 7.23 7.91 8.18 10.08 5.00 7.48 6.51 6.92 10.10
NOPAT to Interest Expense		 4.95 5.34 6.59 6.23 8.06 4.08 5.92 5.29 5.33 8.23
EBIT Less CapEx to Interest Expense		 3.12 4.49 4.55 4.78 6.28 3.34 4.59 3.60 4.34 6.62
NOPAT Less CapEx to Interest Expense		 1.66 2.60 3.23 2.84 4.27 2.41 3.03 2.38 2.75 4.74
Payout Ratios		 - - - - - - - - - -
Dividend Payout Ratio		 39.39% 34.30% 29.55% 34.25% 35.08% -47.22% 49.51% 54.36% 44.31% 31.16%
Augmented Payout Ratio		 113.63% 93.63% 69.08% 73.18% 57.52% -59.53% 58.83% 101.09% 45.30% 77.43%

Quarterly Metrics And Ratios for Ecolab

This table displays calculated financial ratios and metrics derived from Ecolab's official financial filings.

Metric Q3 2022 Q4 2022 Q1 2023 Q2 2023 Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025
Period end date 9/30/2022 12/31/2022 3/31/2023 6/30/2023 9/30/2023 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024 3/31/2025
Growth Metrics		 - - - - - - - - - - -
Revenue Growth		 10.49% 9.11% 9.33% 7.58% 7.87% 7.28% 5.05% 3.47% 1.02% 1.70% -1.52%
EBITDA Growth		 3.56% 2.94% 17.91% 7.13% 14.05% 33.59% 27.76% 24.16% 59.01% -0.82% 5.11%
EBIT Growth		 -0.31% -0.76% 33.44% 12.08% 21.62% 55.43% 45.46% 34.14% 82.21% -1.96% 7.13%
NOPAT Growth		 8.44% -1.22% 42.79% 12.59% 10.98% 34.79% 63.15% 42.96% 71.25% 15.99% -5.86%
Net Income Growth		 7.12% -11.73% 36.29% 7.04% 16.31% 52.43% 74.97% 47.89% 80.95% 16.72% -2.42%
EPS Growth		 8.04% -11.54% 36.67% 6.48% 16.53% 53.26% 74.39% 48.70% 82.98% 17.02% -1.40%
Operating Cash Flow Growth		 -29.87% 34.06% 16.52% 77.85% 80.38% -0.78% 227.65% 6.57% -0.13% -10.06% -43.12%
Free Cash Flow Firm Growth		 -1,139.91% 120.23% 112.59% 115.30% 116.98% -52.14% 64.25% 29.08% 147.04% 113.05% -51.26%
Invested Capital Growth		 29.03% -2.63% -1.15% -0.84% -0.41% 0.62% -1.92% -0.75% -3.27% -1.55% 0.44%
Revenue Q/Q Growth		 2.48% 0.05% -2.71% 7.85% 2.75% -0.50% -4.74% 6.23% 0.32% 0.17% -7.74%
EBITDA Q/Q Growth		 4.43% -11.62% -4.56% 21.62% 11.17% 3.52% -8.72% 18.19% 42.38% -35.43% -3.26%
EBIT Q/Q Growth		 7.19% -18.06% -6.75% 36.85% 16.31% 4.72% -12.73% 26.20% 57.98% -43.65% -4.65%
NOPAT Q/Q Growth		 20.60% -18.89% -13.86% 33.62% 18.88% -1.49% 4.27% 17.08% 42.41% -33.28% -15.38%
Net Income Q/Q Growth		 12.57% -23.44% -11.65% 40.57% 22.32% 0.34% 1.41% 18.82% 49.66% -35.27% -15.22%
EPS Q/Q Growth		 12.04% -23.97% -10.87% 40.24% 22.61% 0.00% 1.42% 19.58% 50.88% -36.05% -14.55%
Operating Cash Flow Q/Q Growth		 35.45% 96.75% -76.93% 189.30% 37.37% 8.23% -23.82% -5.90% 28.74% -2.54% -51.82%
Free Cash Flow Firm Q/Q Growth		 8.96% 124.25% -37.12% 10.26% 0.99% -31.64% 115.78% -13.35% 93.27% -41.04% -50.63%
Invested Capital Q/Q Growth		 -1.76% -1.69% 2.26% 0.40% -1.34% -0.67% -0.32% 1.61% -3.86% 1.11% 1.69%
Profitability Metrics		 - - - - - - - - - - -
Gross Margin		 37.55% 38.58% 38.26% 39.39% 41.12% 42.00% 43.28% 43.78% 43.44% 43.35% 44.24%
EBITDA Margin		 19.35% 17.10% 16.77% 18.91% 20.46% 21.29% 20.40% 22.69% 32.21% 20.76% 21.77%
Operating Margin		 13.16% 10.87% 9.84% 12.58% 14.30% 14.98% 13.80% 16.48% 26.13% 14.55% 15.03%
EBIT Margin		 13.01% 10.65% 10.21% 12.96% 14.67% 15.44% 14.14% 16.80% 26.45% 14.88% 15.38%
Profit (Net Income) Margin		 9.59% 7.34% 6.67% 8.69% 10.34% 10.43% 11.10% 12.42% 18.53% 11.97% 11.00%
Tax Burden Percent		 85.40% 83.80% 81.96% 79.44% 80.88% 76.43% 90.78% 83.80% 75.03% 89.74% 79.71%
Interest Burden Percent		 86.36% 82.23% 79.65% 84.41% 87.20% 88.42% 86.50% 88.23% 93.34% 89.65% 89.74%
Effective Tax Rate		 14.60% 16.20% 18.04% 20.56% 19.12% 23.57% 9.22% 16.20% 24.97% 10.26% 20.29%
Return on Invested Capital (ROIC)		 11.34% 8.37% 7.46% 9.39% 11.25% 11.47% 12.58% 13.85% 20.24% 13.51% 12.26%
ROIC Less NNEP Spread (ROIC-NNEP)		 10.44% 7.58% 6.87% 8.79% 10.65% 10.95% 11.88% 13.12% 19.62% 12.87% 11.73%
Return on Net Nonoperating Assets (RNNOA)		 10.01% 8.55% 8.01% 10.00% 11.45% 10.89% 11.65% 12.63% 16.72% 10.36% 9.25%
Return on Equity (ROE)		 21.35% 16.92% 15.47% 19.40% 22.70% 22.36% 24.23% 26.48% 36.96% 23.87% 21.51%
Cash Return on Invested Capital (CROIC)		 -15.94% 11.01% 9.93% 9.87% 9.88% 9.73% 13.37% 13.12% 18.16% 16.83% 14.56%
Operating Return on Assets (OROA)		 9.27% 7.08% 6.99% 8.98% 10.29% 10.92% 10.30% 12.24% 18.86% 10.59% 11.05%
Return on Assets (ROA)		 6.84% 4.88% 4.57% 6.02% 7.26% 7.38% 8.09% 9.05% 13.21% 8.52% 7.90%
Return on Common Equity (ROCE)		 21.26% 16.86% 15.42% 19.33% 22.62% 22.29% 24.17% 26.41% 36.83% 23.78% 21.45%
Return on Equity Simple (ROE_SIMPLE)		 16.21% 0.00% 15.96% 15.80% 16.06% 0.00% 19.15% 20.90% 24.14% 0.00% 23.91%
Net Operating Profit after Tax (NOPAT)		 412 335 288 385 458 451 470 550 784 523 443
NOPAT Margin		 11.24% 9.11% 8.07% 10.00% 11.57% 11.45% 12.53% 13.81% 19.61% 13.06% 11.98%
Net Nonoperating Expense Percent (NNEP)		 0.90% 0.79% 0.59% 0.60% 0.60% 0.53% 0.70% 0.73% 0.62% 0.64% 0.53%
Return On Investment Capital (ROIC_SIMPLE)		 - 2.11% - - - 2.77% - - - 3.20% 2.68%
Cost of Revenue to Revenue		 62.45% 61.42% 61.74% 60.61% 58.88% 58.00% 56.72% 56.22% 56.56% 56.65% 55.76%
SG&A Expenses to Revenue		 23.90% 25.12% 27.73% 26.26% 25.89% 26.27% 28.72% 26.99% 25.63% 26.22% 28.42%
R&D to Revenue		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Operating Expenses to Revenue		 24.38% 27.70% 28.41% 26.81% 26.82% 27.02% 29.48% 27.29% 17.31% 28.80% 29.22%
Earnings before Interest and Taxes (EBIT)		 477 391 365 499 581 608 531 670 1,058 596 568
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)		 710 628 599 729 810 838 765 905 1,288 832 804
Valuation Ratios		 - - - - - - - - - - -
Price to Book Value (P/BV)		 5.74 5.61 6.34 6.96 6.13 6.96 8.02 8.20 8.50 7.58 8.08
Price to Tangible Book Value (P/TBV)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Price to Revenue (P/Rev)		 2.92 2.86 3.21 3.56 3.18 3.66 4.25 4.35 4.64 4.22 4.57
Price to Earnings (P/E)		 35.90 37.15 40.37 44.77 38.82 40.81 42.45 39.69 35.53 31.41 34.12
Dividend Yield		 1.44% 1.45% 1.27% 1.14% 1.26% 1.10% 0.95% 0.94% 0.89% 1.01% 0.96%
Earnings Yield		 2.79% 2.69% 2.48% 2.23% 2.58% 2.45% 2.36% 2.52% 2.81% 3.18% 2.93%
Enterprise Value to Invested Capital (EV/IC)		 3.16 3.19 3.52 3.88 3.59 4.13 4.77 4.84 5.29 4.81 5.10
Enterprise Value to Revenue (EV/Rev)		 3.53 3.42 3.78 4.11 3.68 4.13 4.70 4.81 5.04 4.62 4.99
Enterprise Value to EBITDA (EV/EBITDA)		 19.52 19.23 20.94 22.77 20.05 21.27 23.21 22.65 20.82 19.18 20.43
Enterprise Value to EBIT (EV/EBIT)		 30.78 30.60 32.65 35.03 30.21 30.84 32.88 31.46 27.58 25.47 27.05
Enterprise Value to NOPAT (EV/NOPAT)		 37.81 37.65 39.82 42.74 37.86 40.04 41.36 38.97 35.10 31.28 34.04
Enterprise Value to Operating Cash Flow (EV/OCF)		 31.17 27.15 30.17 29.35 22.93 26.25 25.47 25.91 27.26 25.83 30.87
Enterprise Value to Free Cash Flow (EV/FCFF)		 0.00 28.55 35.20 39.11 36.27 42.57 35.35 36.75 28.67 28.39 35.07
Leverage & Solvency		 - - - - - - - - - - -
Debt to Equity		 1.20 1.18 1.17 1.14 1.10 1.01 0.92 0.91 0.89 0.86 0.85
Long-Term Debt to Equity		 1.13 1.11 1.02 0.99 0.96 0.94 0.92 0.91 0.81 0.79 0.79
Financial Leverage		 0.96 1.13 1.17 1.14 1.07 0.99 0.98 0.96 0.85 0.80 0.79
Leverage Ratio		 2.77 2.94 2.92 2.90 2.88 2.83 2.73 2.70 2.68 2.62 2.55
Compound Leverage Factor		 2.39 2.42 2.33 2.45 2.51 2.50 2.36 2.38 2.50 2.35 2.29
Debt to Total Capital		 54.59% 54.17% 53.98% 53.21% 52.41% 50.34% 47.83% 47.59% 47.04% 46.26% 46.09%
Short-Term Debt to Total Capital		 3.19% 3.19% 6.99% 6.92% 6.87% 3.88% 0.07% 0.04% 3.97% 3.76% 3.72%
Long-Term Debt to Total Capital		 51.41% 50.98% 47.00% 46.29% 45.55% 46.46% 47.75% 47.56% 43.07% 42.49% 42.37%
Preferred Equity to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Noncontrolling Interests to Total Capital		 0.17% 0.14% 0.13% 0.15% 0.16% 0.17% 0.13% 0.13% 0.17% 0.20% 0.17%
Common Equity to Total Capital		 45.23% 45.69% 45.89% 46.64% 47.42% 49.49% 52.05% 52.28% 52.79% 53.55% 53.74%
Debt to EBITDA		 3.40 3.40 3.30 3.23 3.12 2.75 2.40 2.27 2.01 2.00 1.99
Net Debt to EBITDA		 3.35 3.16 3.14 3.03 2.75 2.44 2.25 2.16 1.67 1.66 1.68
Long-Term Debt to EBITDA		 3.20 3.20 2.87 2.81 2.71 2.54 2.40 2.27 1.84 1.83 1.83
Debt to NOPAT		 6.58 6.65 6.28 6.07 5.88 5.18 4.28 3.91 3.38 3.26 3.31
Net Debt to NOPAT		 6.50 6.19 5.97 5.68 5.20 4.59 4.00 3.71 2.82 2.71 2.81
Long-Term Debt to NOPAT		 6.20 6.26 5.47 5.28 5.11 4.78 4.27 3.91 3.10 2.99 3.05
Altman Z-Score		 3.17 3.11 3.41 3.72 3.51 3.95 4.60 4.73 4.88 4.50 4.80
Noncontrolling Interest Sharing Ratio		 0.40% 0.35% 0.31% 0.33% 0.36% 0.33% 0.26% 0.28% 0.33% 0.35% 0.28%
Liquidity Ratios		 - - - - - - - - - - -
Current Ratio		 1.35 1.30 1.17 1.22 1.26 1.30 1.41 1.50 1.30 1.26 1.32
Quick Ratio		 0.75 0.78 0.69 0.75 0.83 0.86 0.88 0.85 0.88 0.86 0.87
Cash Flow Metrics		 - - - - - - - - - - -
Free Cash Flow to Firm (FCFF)		 -3,075 746 469 517 522 357 770 667 1,289 760 375
Operating Cash Flow to CapEx		 227.69% 425.35% 117.35% 340.90% 475.66% 325.13% 323.41% 314.84% 332.50% 218.00% 170.78%
Free Cash Flow to Firm to Interest Expense		 -47.23 10.73 6.32 6.64 7.03 5.07 10.75 8.47 18.32 12.32 6.44
Operating Cash Flow to Interest Expense		 6.71 12.36 2.67 7.37 10.60 12.11 9.07 7.76 11.17 12.43 6.34
Operating Cash Flow Less CapEx to Interest Expense		 3.76 9.46 0.39 5.21 8.37 8.38 6.27 5.29 7.81 6.73 2.63
Efficiency Ratios		 - - - - - - - - - - -
Asset Turnover		 0.71 0.67 0.68 0.69 0.70 0.71 0.73 0.73 0.71 0.71 0.72
Accounts Receivable Turnover		 5.45 5.48 5.60 5.42 5.44 5.54 5.68 5.53 5.49 5.52 5.56
Inventory Turnover		 5.42 5.38 5.40 5.40 5.47 5.57 5.51 5.70 5.74 6.01 5.67
Fixed Asset Turnover		 4.39 4.31 4.39 4.48 4.57 4.53 4.58 4.64 4.56 4.36 4.34
Accounts Payable Turnover		 6.11 5.67 6.19 6.05 5.92 5.56 5.90 5.67 5.38 5.27 5.24
Days Sales Outstanding (DSO)		 67.03 66.59 65.18 67.34 67.14 65.90 64.22 66.03 66.44 66.07 65.67
Days Inventory Outstanding (DIO)		 67.35 67.88 67.54 67.62 66.77 65.59 66.21 64.03 63.63 60.74 64.33
Days Payable Outstanding (DPO)		 59.74 64.32 58.92 60.29 61.66 65.67 61.86 64.34 67.78 69.24 69.69
Cash Conversion Cycle (CCC)		 74.64 70.14 73.80 74.68 72.25 65.81 68.57 65.72 62.29 57.58 60.30
Capital & Investment Metrics		 - - - - - - - - - - -
Invested Capital		 15,502 15,240 15,585 15,648 15,437 15,335 15,286 15,531 14,932 15,097 15,353
Invested Capital Turnover		 1.01 0.92 0.92 0.94 0.97 1.00 1.00 1.00 1.03 1.03 1.02
Increase / (Decrease) in Invested Capital		 3,487 -411 -181 -132 -64 94 -300 -117 -506 -237 67
Enterprise Value (EV)		 48,947 48,563 54,798 60,677 55,445 63,299 72,919 75,147 79,035 72,690 78,223
Market Capitalization		 40,508 40,559 46,557 52,586 47,803 56,009 65,839 67,966 72,651 66,350 71,745
Book Value per Share		 $24.78 $25.41 $25.82 $26.54 $27.35 $28.21 $28.72 $29.02 $30.04 $30.93 $31.36
Tangible Book Value per Share		 ($16.12) ($15.65) ($15.24) ($14.57) ($13.44) ($12.61) ($11.62) ($10.04) ($9.25) ($8.68) ($7.84)
Total Capital		 15,615 15,839 16,005 16,202 16,439 16,254 15,766 15,853 16,193 16,354 16,516
Total Debt		 8,525 8,580 8,640 8,622 8,616 8,182 7,540 7,545 7,618 7,565 7,612
Total Long-Term Debt		 8,027 8,075 7,522 7,500 7,487 7,551 7,529 7,539 6,975 6,949 6,998
Net Debt		 8,412 7,982 8,220 8,067 7,615 7,262 7,060 7,161 6,356 6,308 6,449
Capital Expenditures (CapEx)		 192 202 169 168 166 262 201 194 237 352 216
Debt-free, Cash-free Net Working Capital (DFCFNWC)		 1,712 1,190 1,482 1,537 1,317 1,009 1,042 1,527 791 592 924
Debt-free Net Working Capital (DFNWC)		 1,825 1,789 1,901 2,091 2,318 1,929 1,522 1,911 2,052 1,849 2,086
Net Working Capital (NWC)		 1,327 1,284 783 969 1,189 1,298 1,511 1,905 1,409 1,233 1,472
Net Nonoperating Expense (NNE)		 60 65 50 50 48 40 54 55 43 44 36
Net Nonoperating Obligations (NNO)		 8,412 7,982 8,220 8,067 7,615 7,262 7,060 7,223 6,356 6,308 6,449
Total Depreciation and Amortization (D&A)		 233 237 234 229 229 231 235 235 230 236 236
Debt-free, Cash-free Net Working Capital to Revenue		 12.33% 8.39% 10.23% 10.41% 8.75% 6.59% 6.72% 9.76% 5.05% 3.76% 5.89%
Debt-free Net Working Capital to Revenue		 13.15% 12.61% 13.12% 14.16% 15.40% 12.59% 9.82% 12.22% 13.09% 11.74% 13.30%
Net Working Capital to Revenue		 9.56% 9.05% 5.40% 6.56% 7.90% 8.47% 9.75% 12.18% 8.99% 7.83% 9.38%
Earnings Adjustments		 - - - - - - - - - - -
Adjusted Basic Earnings per Share		 $1.22 $0.93 $0.82 $1.16 $1.42 $1.42 $1.44 $1.72 $2.60 $1.67 $1.42
Adjusted Weighted Average Basic Shares Outstanding		 284.90M 285.20M 284.60M 284.90M 285.10M 285M 285.70M 284.60M 283.60M 284.30M 283.40M
Adjusted Diluted Earnings per Share		 $1.21 $0.92 $0.82 $1.15 $1.41 $1.41 $1.43 $1.71 $2.58 $1.65 $1.41
Adjusted Weighted Average Diluted Shares Outstanding		 286.30M 286.60M 285.90M 286.30M 286.90M 286.50M 287.80M 287M 286M 286.60M 285.30M
Adjusted Basic & Diluted Earnings per Share		 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding		 284.83M 284.46M 284.72M 285.03M 285.14M 285.51M 285.57M 284.54M 283.16M 283.00M 283.51M
Normalized Net Operating Profit after Tax (NOPAT)		 428 414 308 402 487 473 496 561 534 616 466
Normalized NOPAT Margin		 11.66% 11.28% 8.63% 10.43% 12.32% 12.02% 13.21% 14.07% 13.36% 15.37% 12.61%
Pre Tax Income Margin		 11.23% 8.76% 8.13% 10.94% 12.79% 13.65% 12.23% 14.82% 24.69% 13.34% 13.80%
Debt Service Ratios		 - - - - - - - - - - -
EBIT to Interest Expense		 7.33 5.63 4.92 6.42 7.81 8.63 7.41 8.50 15.02 9.66 9.75
NOPAT to Interest Expense		 6.34 4.81 3.88 4.95 6.16 6.41 6.57 6.99 11.14 8.48 7.59
EBIT Less CapEx to Interest Expense		 4.39 2.72 2.64 4.25 5.58 4.91 4.60 6.03 11.66 3.96 6.04
NOPAT Less CapEx to Interest Expense		 3.39 1.91 1.61 2.79 3.93 2.68 3.76 4.52 7.77 2.78 3.88
Payout Ratios		 - - - - - - - - - - -
Dividend Payout Ratio		 51.10% 54.36% 51.74% 51.18% 49.56% 44.31% 40.39% 37.50% 31.87% 31.16% 32.10%
Augmented Payout Ratio		 92.52% 101.09% 74.49% 61.76% 56.32% 45.30% 53.09% 67.65% 79.65% 77.43% 76.58%

Key Financial Trends

Ecolab's Financial Overview (Last 4 Years with focus on 2023-2025 Q1):

Ecolab (NYSE:ECL) has shown a steady revenue growth and profitability over the last several years, supported by robust operating income and effective expense management. Below are the key points derived from the analyzed quarterly financial data.

  • Revenue Growth: Operating revenue increased from around $3.57 billion in Q1 2023 to $3.69 billion in Q1 2025, showing consistent top-line growth.
  • Profitability: Net income from continuing operations rose from approximately $238 million in Q1 2023 to $406.5 million in Q1 2025, nearly doubling over two years.
  • Operating Income Stability: Operating income remained strong with $517.9 million reported in Q1 2025, close to recent prior quarters, indicating steady operational efficiency.
  • Cash Flow From Operations: Net cash from continuing operating activities was $369.4 million in Q1 2025, showing good cash generation capacity to fund operations and investments.
  • Investment in Growth: Continued investments in property, plant, and equipment (CapEx) at $237.9 million in Q1 2025 reflect ongoing commitment to expanding and modernizing assets.
  • Debt Levels: Total liabilities remained relatively consistent around $13.4 billion to $14 billion over recent quarters, with a balanced mix of short and long-term debt.
  • Shareholder Equity: Total equity increased modestly to about $8.9 billion by Q1 2025 from around $7.3 billion in early 2023, reflecting retained earnings and treasury stock activity.
  • Working Capital Fluctuations: Changes in operating assets and liabilities caused a $321.7 million cash outflow in Q1 2025, which may impact short-term liquidity.
  • Declining Cash & Equivalents: Cash and equivalents decreased from about $479.9 million in Q1 2024 to $1.16 billion in Q1 2025, but net change in cash in Q1 2025 was negative $94.2 million, indicating cash management challenges.
  • Increasing Interest Expense: Interest expense rose to $58.3 million in Q1 2025 compared with about $41-43 million three years prior, suggesting a higher cost of debt burden.

Summary: Ecolab's recent quarterly reports reflect healthy revenue and profit growth supported by solid cash flow from operations and strategic capital expenditures. However, there are concerns regarding working capital management and a rising interest expense. The company remains financially sound with stable debt levels and increasing equity base, supporting its operational and growth initiatives.

08/03/25 07:30 AMAI Generated. May Contain Errors.

Frequently Asked Questions About Ecolab's Financials

When does Ecolab's fiscal year end?

According to the most recent income statement we have on file, Ecolab's financial year ends in December. Their financial year 2024 ended on December 31, 2024.

How has Ecolab's net income changed over the last 9 years?

Ecolab's net income appears to be on an upward trend, with a most recent value of $2.13 billion in 2024, rising from $1.02 billion in 2015. The previous period was $1.39 billion in 2023. View Ecolab's forecast to see where analysts expect Ecolab to go next.

What is Ecolab's operating income?
Ecolab's total operating income in 2024 was $2.80 billion, based on the following breakdown:
  • Total Gross Profit: $6.84 billion
  • Total Operating Expenses: $4.04 billion
How has Ecolab's revenue changed over the last 9 years?

Over the last 9 years, Ecolab's total revenue changed from $13.55 billion in 2015 to $15.74 billion in 2024, a change of 16.2%.

How much debt does Ecolab have?

Ecolab's total liabilities were at $13.60 billion at the end of 2024, a 1.3% decrease from 2023, and a 16.6% increase since 2015.

How much cash does Ecolab have?

In the past 9 years, Ecolab's cash and equivalents has ranged from $92.80 million in 2015 to $1.26 billion in 2020, and is currently $1.26 billion as of their latest financial filing in 2024.

How has Ecolab's book value per share changed over the last 9 years?

Over the last 9 years, Ecolab's book value per share changed from 23.40 in 2015 to 30.93 in 2024, a change of 32.2%.


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This page (NYSE:ECL) was last updated on 8/3/2025 by MarketBeat.com Staff
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