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 |
| 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 |
| Operating Income | - | 1,703 | 2,103.70 | 2,613.50 | 2,892.50 |
| EBITDA | - | 2,534.20 | 3,028 | 3,846.90 | 3,830.50 |
| EBIT | - | 1,595.50 | 2,104.40 | 2,911.50 | 2,854.10 |
| Pretax Income | - | 1,343.40 | 1,755.50 | 2,571.20 | 2,547.90 |
| Tax Provision | - | 234.50 | 362.50 | 439.30 | 454.60 |
| 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 |
| Total Expenses | - | 12,484.80 | 13,216.50 | 13,127.90 | 13,188.70 |
| Interest Expense | - | 252.10 | 348.90 | 340.30 | 306.20 |
| Interest Income | - | 8.50 | 52.20 | 57.80 | 65.10 |
| Selling General And Administration | - | 3,653.80 | 4,061.60 | 4,228.20 | 4,257.90 |
| Normalized EBITDA | - | 2,674.70 | 3,139.40 | 3,658 | 3,985.40 |
| Normalized Income | - | 1,207.61 | 1,460.75 | 1,955.77 | 2,202.86 |
| Market Cap | 76,110.38 | 76,110.38 | 76,110.38 | 76,110.38 | 76,110.38 |
Basic Materials sector peers, ranked by market cap
| Company | Ticker | Market Cap | P/E | P/B | ROE | EV/EBITDA |
|---|---|---|---|---|---|---|
| Ecolab Inc.this co. | ECL | $76.3B | 36.67β premium | 7.79 | 21.2% | 22.05 |
| Freeport-McMoRan Inc. | FCX | $87.9B | 39.76 | 4.64 | 11.7% | 10.50 |
| The Sherwin-Williams Company | SHW | $83.6B | 32.58 | 18.20 | 55.9% | 21.52 |
| CRH plc | CRH | $79.4B | 21.14 | 3.28 | 15.5% | 12.16 |
| Corteva, Inc. | CTVA | $54.6B | 48.97 | 2.22 |
| - |
| - |
| - |
| - |
| 4.5% |
| 16.81 |
| Nucor Corporation | NUE | $49.6B | 27.98 | 2.33 | 8.3% | 12.72 |
| Vulcan Materials Company | VMC | $38.5B | 35.42 | 4.47 | 12.6% | 18.17 |
| Martin Marietta Materials, Inc. | MLM | $37.2B | 32.64 | 3.70 | 11.3% | 20.42 |
| Steel Dynamics, Inc. | STLD | $33.5B | 27.71 | 3.67 | 13.2% | 17.17 |
| Peer Median | - | 32.61 | 3.68 | 12.1% | 16.99 | |