ECL drawdown: 12.8% below the all-time high
Ecolab Inc. (ECL) is 12.8% below its all-time high, set Feb 27, 2026 (as of market close, Jul 24, 2026). The chart shows every day as a percentage of the highest level reached up to that point: 100% means a fresh record, everything below is a drawdown. "All-time" means since our price data begins (1973).
- Below all-time high
- −12.8%
- 87.2% of ATH
- All-time high
- $308.4
- Feb 27, 2026
- Time below the high
- 5 mo
- since Feb 27, 2026
- Worst-ever drawdown
- −48.9%
- Oct 9, 1990
- Longest underwater
- 14.9 yrs
- between all-time highs
- Today's level first reached
- Feb 28, 2025
- 17 mo ago
- Last time this deep
- Apr 21, 2025
- in a previous episode
% of all-time high since 1973#
The classic underwater chart (drawdown curve), drawn as % of the all-time high — 100% is a fresh record, everything below it is time spent underwater.
% of all-time high on the price basis — the all-time high considers the full history of ECL, including years before the visible window. Dividends are excluded on this basis (the convention headlines use).
The deepest drawdowns on record#
Every decline of 15% or more from an all-time high (price basis), deepest first.
| Peak | Trough | Depth | Peak → trough | Recovered by | Underwater |
|---|---|---|---|---|---|
| Sep 5, 1989 | Oct 9, 1990 | −48.9% | 13 mo | Sep 26, 1991 | 2.1 yrs |
| Feb 22, 1973 | Dec 20, 1978 | −46.2% | 5.8 yrs | Jan 5, 1988 | 14.9 yrs |
| Nov 12, 2021 | Nov 3, 2022 | −44.3% | 12 mo | Jun 5, 2024 | 2.6 yrs |
| Dec 24, 2007 | Mar 9, 2009 | −42.9% | 14 mo | Oct 13, 2010 | 2.8 yrs |
| Feb 19, 2020 | Mar 23, 2020 | −40.5% | 33 days | May 28, 2020 | 3 mo |
| Jun 9, 1999 | Feb 29, 2000 | −36.1% | 9 mo | Dec 28, 2000 | 1.6 yrs |
| Dec 28, 2000 | Sep 21, 2001 | −30.7% | 9 mo | Feb 21, 2002 | 14 mo |
| May 31, 2002 | Jul 22, 2002 | −23.0% | 52 days | Aug 12, 2002 | 2 mo |
Price basis (no dividends) — the convention crash histories use. With dividends reinvested, recoveries arrive years earlier; switch the basis on the chart above to see it.
Drawdown vs what came next#
One dot per month since 1973: how far ECL stood below its all-time high, and the total return over the following 1, 5 and 10 years.
Read this with survivorship bias in mind: ECL is on this chart precisely because it survived — the many stocks that fell this far and never recovered (or were delisted) aren't on anyone's chart, so past recoveries here say little about the odds ahead. Monthly windows also overlap heavily (they are not independent samples). Not investment advice.
FAQ
- How far is ECL from its all-time high?
- ECL is currently 12.8% below its all-time high, set Feb 27, 2026 (as of market close, Jul 24, 2026). Prices only, the convention headlines use; with dividends reinvested the gap is usually smaller.
- What was the biggest ECL drawdown ever?
- The deepest decline on record in our data (since 1973) took the stock 48.9% below its prior high, bottoming Oct 9, 1990. The table on this page lists every major episode with its peak, trough and recovery date.
Methodology & related#
Daily closing prices since 1973 (split-adjusted). "All-time" means since our price data begins — ECL may have traded earlier. For a 150-year index drawdown record see the S&P 500 drawdown page. The price basis excludes dividends; the total-return basis reinvests them; the real basis additionally deflates by CPI. See also returns by year, 150 years of returns and the rolling-returns explorer. Past performance does not predict future returns; not investment advice.