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Ecolab Inc. provides water, hygiene, and infection prevention solutions and services in the United States and internationally. The company operates through four segments: Global Water, Global Institutional & Specialty, Global Pest Elimination, and Global Life Sciences. The Global Water segment offers water treatment and process applications, and cleaning and sanitizing solutions to manufacturing, food and beverage processing, transportation, chemical, primary metals and mining, power generation, global refining, petrochemical, pulp and paper industries. The Global Institutional & Specialty segment provides cleaning and sanitizing products to the foodservice, healthcare, hospitality, lodging, government, education and retail industries. The Global Pest Elimination segment provides pest elimination services to detect, prevent, and eliminate pests comprising rodents and insects in full-service and quick-service restaurants, food and beverage processors, hotels, grocery operations, and other commercial segments, including education, life sciences, and healthcare. The Global Life Sciences segment provides cleaning and contamination control solutions to pharmaceutical and personal care manufacturers. It offers its products under the Ecolab, Kay, Purolite, and Bioquell brand names. The company sells its products through field sales and corporate account personnel, distributors, and dealers. Ecolab Inc. was founded in 1923 and is headquartered in Saint Paul, Minnesota.
5-year financial trends. Figures in USD millions.
Latest fiscal year: 2025
Year-by-year revenue, profitability, and cash flow (USD millions, last 10 years)
| Year | Revenue | EBITDA | Net Profit | FCF | ROE | Rev Growth 1Y | NP Growth 1Y |
|---|---|---|---|---|---|---|---|
| 2025 | $16.1B | $3.8B | $2.1B | $1.9B | 21.2% | 2.2% | -1.7% |
| 2024 | $15.7B | $3.8B | $2.1B | $1.8B | 24.1% | 2.7% | 53.9% |
| 2023 | $15.3B | $3.0B | $1.4B | $1.6B | 17.1% | 8.0% | 25.7% |
| 2022 | $14.2B | $2.5B | $1.1B | $1.1B | 15.1% | - | - |
| 2021 | - | - | - |
Income statement, balance sheet, and cash flow as reported
Consolidated Figures in USD Millions.
| Metric | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Total Revenue | - | 14,187.80 | 15,320.20 | 15,741.40 | 16,081.20 |
| Operating Revenue | - | 14,187.80 | 15,320.20 | 15,741.40 | 16,081.20 |
| Cost Of Revenue | - | 8,831 | 9,154.90 | 8,899.70 | 8,930.80 |
| Gross Profit | - | 5,356.80 | 6,165.30 | 6,841.70 | 7,150.40 |
| Operating Expense | - | 3,653.80 | 4,061.60 | 4,228.20 | 4,257.90 |
| Selling General And Administration | - | 3,653.80 | 4,061.60 | 4,228.20 | 4,257.90 |
| Total Expenses | - | 12,484.80 | 13,216.50 | 13,127.90 | 13,188.70 |
| Operating Income | - | 1,703 | 2,103.70 | 2,613.50 | 2,892.50 |
| Total Operating Income As Reported | - | 1,562.50 | 1,992.30 | 2,802.40 | 2,737.60 |
| EBITDA | - | 2,534.20 | 3,028 | 3,846.90 | 3,830.50 |
| Normalized EBITDA | - | 2,674.70 | 3,139.40 | 3,658 | 3,985.40 |
| EBIT | - | 1,595.50 | 2,104.40 | 2,911.50 | 2,854.10 |
| Interest Income | - | 8.50 | 52.20 | 57.80 | 65.10 |
| Interest Expense | - | 252.10 | 348.90 | 340.30 | 306.20 |
| Net Interest Income | - | -243.60 | -296.70 | -282.50 | -241.10 |
| Other Non Operating Income Expenses | - | 24.50 | 59.90 | 51.30 | 51.40 |
| Other Income Expense | - | -116 | -51.50 | 240.20 | -103.50 |
| Interest Income Non Operating | - | 8.50 | 52.20 | 57.80 | 65.10 |
| Interest Expense Non Operating | - | 252.10 | 348.90 | 340.30 | 306.20 |
| Net Non Operating Interest Income Expense | - | -243.60 | -296.70 | -282.50 | -241.10 |
| Pretax Income | - | 1,343.40 | 1,755.50 | 2,571.20 | 2,547.90 |
| Tax Provision | - | 234.50 | 362.50 | 439.30 | 454.60 |
| Tax Rate For Calcs | - | 0 | 0 | 0 | 0 |
| Tax Effect Of Unusual Items | - | -24.59 | -22.95 | 32.27 | -27.64 |
| Net Income Continuous Operations | - | 1,108.90 | 1,393 | 2,131.90 | 2,093.30 |
| Net Income From Continuing And Discontinued Operation | - | 1,091.70 | 1,372.30 | 2,112.40 | 2,075.60 |
| Net Income From Continuing Operation Net Minority Interest | - | 1,091.70 | 1,372.30 | 2,112.40 | 2,075.60 |
| Net Income | - | 1,091.70 | 1,372.30 | 2,112.40 | 2,075.60 |
| Net Income Common Stockholders | - | 1,091.70 | 1,372.30 | 2,112.40 | 2,075.60 |
| Net Income Including Noncontrolling Interests | - | 1,108.90 | 1,393 | 2,131.90 | 2,093.30 |
| Normalized Income | - | 1,207.61 | 1,460.75 | 1,955.77 | 2,202.86 |
| Diluted NI Availto Com Stockholders | - | 1,091.70 | 1,372.30 | 2,112.40 | 2,075.60 |
| Basic Average Shares | - | 285.20 | 285 | 284.30 | 283.30 |
| Diluted Average Shares | - | 286.60 | 286.50 | 286.60 | 285.20 |
| Reconciled Depreciation | - | 938.70 | 923.60 | 935.40 | 976.40 |
| Reconciled Cost Of Revenue | - | 8,831 | 9,154.90 | 8,899.70 | 8,930.80 |
| Total Unusual Items | - | -140.50 | -111.40 | 188.90 | -154.90 |
| Total Unusual Items Excluding Goodwill | - | -140.50 | -111.40 | 188.90 | -154.90 |
| Minority Interests | - | -17.20 | -20.70 | -19.50 | -17.70 |
| Net Income Discontinuous Operations | 0 | 0 | - | - | - |
| Special Income Charges | - | -140.50 | -111.40 | 188.90 | -154.90 |
| Gain On Sale Of Business | - | 0 | -10.30 | 340.30 | -3 |
| Other Special Charges | - | 40.20 | 21.80 | 117 | 127.80 |
| Restructuring And Mergern Acquisition | - | 100.30 | 79.30 | 34.40 | 24.10 |
Basic Materials sector peers, ranked by market cap
| Company | Ticker | Market Cap | P/E | P/B | ROE | EV/EBITDA |
|---|---|---|---|---|---|---|
| Ecolab Inc.this co. | ECL | $71.6B | 34.49 | 7.33 | 21.2% | 20.87 |
| Freeport-McMoRan Inc. | FCX | $100.2B | 45.46 | 5.30 | 11.7% | 11.89 |
| The Sherwin-Williams Company | SHW | $74.0B | 28.82 | 16.10 | 55.9% | 19.36 |
| CRH plc | CRH | $71.2B | 19.09 | 2.97 | 15.5% | 11.17 |
| Air Products and Chemicals, Inc. | APD | $63.0B | -159.66 | 4.19 |
| - |
| - |
| - |
| - |
| -2.6% |
| 59.47 |
| Nucor Corporation | NUE | $59.7B | 34.25 | 2.85 | 8.3% | 15.31 |
| Corteva, Inc. | CTVA | $51.8B | 47.36 | 2.15 | 4.5% | 16.23 |
| Steel Dynamics, Inc. | STLD | $39.9B | 33.68 | 4.46 | 13.2% | 20.51 |
| Vulcan Materials Company | VMC | $36.7B | 34.11 | 4.31 | 12.6% | 17.57 |
| Peer Median | - | 33.89 | 4.25 | 12.1% | 16.90 | |