Ecolab (ECL) FY2024 results: revenue $15.7 billion, up 2.7% on the year
Ecolab Inc. (ECL) reported revenue of $15.7 billion for fiscal 2024, the year ended 31 December 2024, up 2.7% on the year before. Net income was $2.1 billion, up 53.9%, and diluted earnings per share $7.37. The figures are the company's own, from the 10-K it filed with the SEC on 21 February 2025.
Revenue
$15.7 billion
+2.7% on the year
FY2017FY2024
Operating margin
17.8%
13.0% a year earlier
FY2017FY2024
Net income
$2.1 billion
+53.9% on the year
FY2017FY2024
Diluted EPS
$7.37
+53.9% on the year
FY2017FY2024
this yearthe year beforeHover a bar for its figure.
$ million except per share. Read moreFree 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.
Cash flow
$ million
FY2024
FY2023
FY2022
On the year
Last 8 years
Operating cash flow
2,814
2,412
1,788
+16.7%
Capital expenditure
994
775
713
+28.4%
Free cash flow
1,819
1,637
1,076
+11.1%
Free cash flow margin
11.6%
10.7%
7.6%
Cash from investing
-434
-990
-717
Cash from financing
-2,024
-1,055
-837
Depreciation and amortisation
936
924
938
+1.3%
Share-based compensation
135
95.1
87.8
+41.7%
Buybacks
986
13.7
518
+7,100.7%
Dividends paid
664
617
603
+7.6%
Dividend per share
$2.36
$2.16
$2.06
+9.3%
Diluted shares, weighted
287m
286m
287m
+0.0%
Shares outstanding at period end
283m
285m
284m
-0.7%
Balance sheet
$ million
FY2024
FY2023
FY2022
On the year
Last 8 years
Shareholders' equity
8,757
8,045
7,236
+8.9%
Non-controlling interest
31.9
27.5
22.5
+16.0%
Debt
7,565
8,182
8,580
-7.5%
Other liabilities
6,034
5,593
5,625
+7.9%
Total liabilities and equity
22,388
21,847
21,464
+2.5%
Fixed assets
3,752
3,475
3,293
+8.0%
Goodwill
7,907
8,148
8,013
-3.0%
Intangible assets
3,309
3,494
3,681
-5.3%
Cash and equivalents
1,257
920
599
+36.7%
Receivables
2,865
2,834
2,698
+1.1%
Inventory
1,465
1,497
1,793
-2.2%
Other assets
1,833
1,479
1,388
+23.9%
Total assets
22,388
21,847
21,464
+2.5%
10-K for the year ended 31 December 2024, filed 21 February 2025: the filing.