Ecolab Inc. (ECL)

Name: Ecolab Inc. (ECL): results, filings decoded, planned insider sales, 13F holders, insiders, Congress and short interest
Creator: GreekSoup
License: https://creativecommons.org/licenses/by/4.0/

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Ecolab Inc. (ECL) reported revenue of $4.4 billion for Q2 FY2026, the quarter ended 30 June 2026, up 9.7% on the same quarter a year earlier. Net income was $535 million, up 2.0% on the year, and diluted earnings per share $1.90. The figures are the company's own, from the 10-Q it filed with the SEC on 6 August 2026.

Revenue$4.4 billionup 9.7%

Net income$535 millionup 2.0%

Diluted EPS$1.90

QuarterQ2 FY2026ended 30 June 2026

Ratios

From the filings

ROE21.0%

ROCE13.0%

Operating margin16.9%

Net margin12.6%

FCF margin11.1%

Interest cover8.65

Debt to equity1.18

Cash conversion1.44

Share count, 1 year-1.2%

Sales CAGR, 3 years4.3%

Profit CAGR, 3 years23.9%

EPS, TTM$7.45

At the close of 21 September 2026

Price$269.98

Market cap$75.7 billion

Stock P/E36.24

Price to book7.53

EV / EBITDA21.23

Dividend yield1.0%

Market cap / sales4.49

52-week high$308.35

52-week low$245.73

Price, 1 year1.7%

Price CAGR, 3 years16.2%

Price CAGR, 5 years4.1%

Every figure is arithmetic on the filed lines (hover a name for the formula); the priced ones use the latest daily close, CBOE delayed quotes, daily history, by CBOE, for splits. Debt to equity here stands on the one borrowings figure Ecolab Inc. files, which has finance leases inside it; operating leases are a separate line. Nothing here is a valuation or a view.

Price, 17 September 2021 to 21 September 2026

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50-day average 200-day average Volume

Daily closes from CBOE delayed quotes, daily history, by CBOE, for splits; the last is 21 September 2026. P/E is the close over the trailing four quarters' EPS as filed at each filing date, on the current share count; the dashed line is the median over the range shown. Sales and margin are quarterly revenue and the operating margin from the tables above. EV/EBITDA, price to book and market cap to sales use the latest filed balance sheet and share count at each date. Drawn in your browser; the range and overlay you pick are remembered here only.

The public record on ECL

Filings	22 in twelve months: 11 current reports (8-K), about 6 results of operations; 3 officer or director change; 1 other events; 1 shareholder vote; 1 material agreement
Planned insider sales	15 Form 144 notices in twelve months, $29.9 million; latest 18 August 2026
Options tape	put/call 0.31 by open interest on 23 September 2026; the straddle prices a 4.6% move to 16 October 2026
Holders	9 of the followed funds hold it; largest Geode Capital Management; 3 Schedule 13D or 13G filings in twelve months
Insider trading	9 sales and 6 purchases on Form 4 in twelve months
Congress	0 House trades disclosed in six months
Short interest	4.7 million shares short, 2.77 days to cover at 31 August 2026
Documents	the 10-K, the 10-Qs, the proxy and 6 earnings press releases, each linked

Quarterly results, the last 12 quarters

	Q3 FY2023	Q4 FY2023	Q1 FY2024	Q2 FY2024	Q3 FY2024	Q4 FY2024	Q1 FY2025	Q2 FY2025	Q3 FY2025	Q4 FY2025 *	Q1 FY2026	Q2 FY2026
Revenue	3,958	3,938	3,752	3,986	3,998	4,005	3,695	4,025	4,165	4,196	4,066	4,415
Cost of revenue	2,330	2,284	2,128	2,241	2,262	2,269	2,060	2,223	2,299	2,348	2,295	2,470
Gross profit	1,628	1,654	1,624	1,745	1,737	1,736	1,635	1,802	1,866	1,848	1,771	1,946
Gross margin	41%	42%	43%	44%	43%	43%	44%	45%	45%	44%	44%	44%
SG&A	1,025	1,035	1,078	1,076	1,025	1,050	1,050	1,068	1,079	1,061	1,102	1,142
Operating income	566	590	518	657	1,045	583	555	710	760	712	622	758
Operating margin	14%	15%	14%	16%	26%	15%	15%	18%	18%	17%	15%	17%
Interest expense	91.3	94.8	94.5	80.2	86.4	79.2	72.6	76.2	74.6	82.8	77.3	95.0
Pre-tax income	506	538	459	591	987	534	510	660	718	660	558	694
Tax rate	19%	24%	9%	16%	25%	10%	20%	20%	18%	14%	22%	22%
Net income	404	405	412	491	736	473	402	524	585	564	433	535
Net margin	10%	10%	11%	12%	18%	12%	11%	13%	14%	13%	11%	12%
Diluted EPS	$1.41	$1.41	$1.43	$1.71	$2.58	$1.66	$1.41	$1.84	$2.05	$1.98	$1.52	$1.90
Operating cash flow	788	852	649	611	787	767	369	702	791	1,090	446	730
Capital expenditure	166	263	202	197	236	360	238	217	262	332	348	240
Free cash flow	621	590	448	414	550	407	132	485	530	758	97.4	489
Buybacks	0.8	2.0	196	323	464	2.8	154	45.5	175	409	344	325
Dividends paid	154	155	175	166	162	161	192	188	184	189	216	208
Shares outstanding	285m	285m	286m	284m	283m	283m	284m	284m	283m	282m	281m	280m
Filing	10-Q	10-K	10-Q	10-Q	10-Q	10-K	10-Q	10-Q	10-Q	10-K	10-Q	10-Q

* The fourth quarter is the full year less the first three quarters, because the company files the year and not the quarter on its own. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and the share count are as they are. Free cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Cash flow lines filed year to date are the difference between two filings. Shares outstanding are at the period end where the balance sheet tags them, otherwise the count on the filing's cover page. A derived fourth-quarter EPS is left blank when a split in the year makes the arithmetic meaningless.

Profit and loss, 12 fiscal years and the trailing twelve months

	FY2014 †	FY2015	FY2016 †	FY2017 †	FY2018 †	FY2019 †	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025	TTM
Revenue	14,280	13,545	13,152	13,836	12,222	12,562	11,790	12,733	14,188	15,320	15,741	16,081	16,842
Cost of revenue	7,679	7,224	7,534	8,064	6,875	7,046	6,906	7,616	8,831	9,155	8,900	8,931	9,413
Gross profit	6,601	6,322	6,253	6,431	6,042	6,183	4,884	5,117	5,357	6,165	6,842	7,150	7,430
Gross margin	46.2%	46.7%	47.5%	46.5%	49.4%	49.2%	41.4%	40.2%	37.8%	40.2%	43.5%	44.5%	44.1%
Research and development	197	191	189	201	193	190	185	186	190	192	207	202	n/a
Selling, general and administrative	4,578	4,346	3,708	3,825	3,506	3,551	3,309	3,416	3,654	4,062	4,228	4,258	4,384
Operating income	1,955	1,561	1,870	1,950	1,728	1,845	1,396	1,599	1,562	1,992	2,802	2,738	2,852
Operating margin	13.7%	11.5%	14.2%	14.1%	14.1%	14.7%	11.8%	12.6%	11.0%	13.0%	17.8%	17.0%	16.9%
Interest expense	268	254	285	275	236	214	305	231	252	349	340	306	330
Pre-tax income	1,698	1,318	1,650	1,765	1,587	1,732	1,161	1,414	1,343	1,756	2,571	2,548	2,630
Income tax	476	300	403	244	321	289	177	270	234	362	439	455	496
Effective tax rate	28.0%	22.8%	24.4%	13.8%	20.2%	16.7%	15.2%	19.1%	17.5%	20.6%	17.1%	17.8%	18.9%
Net income	1,203	1,002	1,230	1,505	1,429	1,559	-1,205	1,130	1,092	1,372	2,112	2,076	2,116
Net margin	8.4%	7.4%	9.3%	10.9%	11.7%	12.4%	-10.2%	8.9%	7.7%	9.0%	13.4%	12.9%	12.6%
Diluted EPS	$3.93	$3.32	$4.14	$5.13	$4.88	$5.33	-$4.15	$3.91	$3.81	$4.79	$7.37	$7.28	$7.45
Filing	10-K	10-K	10-K	10-Q	10-K	10-K	10-K	10-K	10-K	10-K	10-K	10-K

Income statement lines from each year's 10-K, the year linked to its filing; TTM is the sum of the last four quarters. Free cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are. † The year as the company last restated it in a later filing; rest on a figure for the one first filed. EPS is as filed.

Cash flow and capital returned

	FY2014 †	FY2015	FY2016 †	FY2017 †	FY2018 †	FY2019 †	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025	TTM
Operating cash flow	n/a	2,000	1,940	2,091	2,278	2,421	1,860	2,062	1,788	2,412	2,814	2,953	3,057
Capital expenditure	749	771	757	869	779	731	489	643	713	775	994	1,048	1,182
Free cash flow	n/a	1,229	1,183	1,223	1,499	1,689	1,371	1,419	1,076	1,637	1,819	1,904	1,874
Free cash flow margin	n/a	9.1%	9.0%	8.8%	12.3%	13.4%	11.6%	11.1%	7.6%	10.7%	11.6%	11.8%	11.1%
Depreciation and amortisation	863	852	851	894	938	973	813	843	938	924	936	977	1,031
Share-based compensation	71.1	78.2	85.7	90.5	88.0	84.0	82.1	89.5	87.8	95.1	135	137	136
Buybacks	429	755	740	600	562	354	146	107	518	13.7	986	784	1,254
Dividends paid	344	401	428	449	495	553	561	566	603	617	664	754	798
Dividend per share	$1.16	$1.34	$1.42	$1.52	$1.69	$1.85	$1.89	$1.95	$2.06	$2.16	$2.36	$2.68	n/a
Diluted shares, weighted	306m	301m	297m	294m	293m	292m	290m	289m	287m	286m	287m	285m	282m
Shares outstanding at period end	300m	296m	292m	289m	288m	288m	286m	287m	284m	285m	283m	282m	280m
Filing	10-K	10-K	10-K	10-Q	10-K	10-K	10-K	10-K	10-K	10-K	10-K	10-K

Buybacks and dividends are the cash paid in the year, from the cash flow statement; the dividend per share is as declared. Diluted shares are the weighted average for the year; a falling count is the buybacks net of issuance. TTM sums the last four quarters; the share counts are the latest quarter's.

Balance sheet at year end

	FY2014 †	FY2015	FY2016 †	FY2017 †	FY2018 †	FY2019 †	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025	TTM
Total assets	19,427	18,642	18,330	19,962	20,074	20,869	18,126	21,206	21,464	21,847	22,388	24,696	29,927
Cash and equivalents	210	92.8	327	211	115	119	1,260	360	599	920	1,257	646	5,135
Receivables	2,627	2,390	2,341	2,574	2,662	2,382	2,274	2,478	2,698	2,834	2,865	3,249	3,453
Inventory	1,467	1,388	1,319	1,446	1,546	1,082	1,285	1,492	1,793	1,497	1,465	1,490	1,644
Goodwill	6,717	6,491	6,383	7,167	5,394	5,569	6,007	8,064	8,013	8,148	7,907	9,227	9,419
Long-term debt including finance leases	4,843	4,260	6,146	6,758	6,302	5,974	6,669	8,347	8,075	7,551	6,949	7,366	11,905
Shareholders' equity	7,316	6,910	6,901	7,584	8,003	8,685	6,166	7,224	7,236	8,045	8,757	9,771	10,056
Filing	10-K	10-K	10-K	10-Q	10-K	10-K	10-K	10-K	10-K	10-K	10-K	10-K

At the fiscal year end; the TTM column is the latest quarter end. A line the company does not tag under the usual name is left out.

Compounded growth

	10 years	5 years	3 years	TTM
Sales growth, compounded	1.7%	6.4%	4.3%	7.1%
Profit growth, compounded	7.6%	n/a	23.9%	-0.9%
Return on equity, average	14.7%	18.6%	20.8%	21.2%

Compounded growth is the latest fiscal year over the year that many years earlier, annualised; the TTM column is the last four quarters over the four before. Return on equity is net income over shareholders' equity at each year end, averaged over the window (the TTM column is the latest year alone); equity is the parent's shareholders' equity as tagged in the 10-K. Arithmetic on filed numbers, nothing forecast.

Peers: Soap, Detergents, Cleang Preparations, Perfumes, Cosmetics

Company	Market cap	P/E	ROE	Op. margin	Sales growth TTM	Debt to equity	Div. yield
Procter & Gamble Co. PG	$339.6 billion	22.07	29.5%	22.7%	3.3%	0.42	2.9%
Ecolab Inc. ECL	$75.7 billion	36.24	21.0%	16.9%	7.1%	1.18	1.0%
Church & Dwight Co. Inc. CHD	$22.7 billion	30.70	17.1%	17.5%	2.7%	0.51	1.2%

The names on this site in the same industry (the SEC's SIC description), by market capitalisation. Each figure is the same arithmetic as the ratio box above, on each company's own filings and latest close.

Filings

Filing	Period	Filed	Where
10-Q	30 June 2026	6 August 2026	EDGAR
10-Q	31 March 2026	7 May 2026	EDGAR
10-K	31 December 2025	23 February 2026	EDGAR
10-Q	30 September 2025	30 October 2025	EDGAR
10-Q	30 June 2025	7 August 2025	EDGAR
10-Q	31 March 2025	8 May 2025	EDGAR
10-K	31 December 2024	21 February 2025	EDGAR
10-Q	30 September 2024	31 October 2024	EDGAR
10-Q	30 June 2024	2 August 2024	EDGAR
10-Q	31 March 2024	2 May 2024	EDGAR

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