ECL
Ecolab Inc.Stock · MaterialsS&P 500 Equal Weight 0.2% · S&P 500 0.1% · Russell 1000 0.10% · US Stock Market 0.10% · Russell 3000 0.10% · MSCI World 0.07% · MSCI ACWI 0.07%$276.18+1.69%
as of market close, Sep 11, 2026
☾ AH — —
ECL financial statements
The full income statement, balance sheet, and cash-flow statement for Ecolab Inc. (ECL), plus valuation ratios — straight from SEC filings. Switch between annual, quarterly, and trailing-twelve-month figures, pick how far back to look, and flip the time order. Every line has a trend sparkline.
Shares outstanding (point-in-time)
2024-06 284.5M2024-09 283.2M2024-12 283.0M2025-03 283.5M2025-06 283.6M2025-09 283.2M2025-12 282.0M2026-03 281.4M2026-06 280.3M-1.5% over 8 periods
SEC-filed end-of-period counts (cover pages and balance sheets, split-adjusted) — the series realized buyback yield is computed from. The weighted-average share lines in the statements below lag these by design: an average over the year sits near the midpoint of an ongoing buyback.
As-reported fiscal years.
| Line item | Trend | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|---|
| Income Statement | as ofDec 31 ’25 | as ofDec 31 ’24 | as ofDec 31 ’23 | as ofDec 31 ’22 | as ofDec 31 ’21 | |
| 16.1B+2.2% | 15.7B+2.7% | 15.3B+8.0% | 14.2B+11.4% | 12.7B+8.0% | ||
| Lease income | 562M+5.1% | 535M+4.5% | 512M+9.7% | 467M+13.1% | 413M+15.8% | |
| Cost of revenue | 8.93B+0.3% | 8.90B-2.8% | 9.15B+3.7% | 8.83B+16.0% | 7.62B+10.3% | |
| Research & development | 202M-2.4% | 207M+7.8% | 192M+1.1% | 190M+2.2% | 186M+0.5% | |
| Selling, general & administrative | 4.26B+0.7% | 4.23B+4.1% | 4.06B+11.2% | 3.65B+7.0% | 3.42B+3.2% | |
| Restructuring | — | — | — | 9.90M+86.8% | 5.30M-87.3% | |
| Amortization of intangibles | 304M+1.0% | 301M-2.0% | 307M-4.1% | 320M+33.9% | 239M+9.1% | |
| Provision for credit losses | 51.4M+9.6% | 46.9M-13.1% | 54.0M+41.7% | 38.1M+154.0% | 15.0M-74.0% | |
| Operating income | 2.74B-2.3% | 2.80B+40.7% | 1.99B+27.5% | 1.56B-2.3% | 1.60B+14.5% | |
| Interest expense | 306M-10.0% | 340M-2.5% | 349M+38.4% | 252M+9.3% | 231M-24.3% | |
| Interest & investment income | 65.1M+12.6% | 57.8M+10.7% | 52.2M+514.1% | 8.50M-30.9% | 12.3M-15.8% | |
| Other non-operating income | 51.4M+0.2% | 51.3M-14.4% | 59.9M+144.5% | 24.5M-27.7% | 33.9M-39.4% | |
| Pre-tax income | 2.55B-0.9% | 2.57B+46.5% | 1.76B+30.7% | 1.34B-5.0% | 1.41B+21.8% | |
| Income tax | 455M+3.5% | 439M+21.2% | 363M+54.6% | 235M-13.2% | 270M+53.0% | |
| 2.08B-1.7% | 2.11B+53.9% | 1.37B+25.7% | 1.09B-3.4% | 1.13B+195.3% | ||
| Income from continuing operations | — | 2.11B+53.9% | 1.37B+25.7% | 1.09B-3.4% | 1.13B+16.8% | |
| Net income to non-controlling interest | 17.7M-9.2% | 19.5M-5.8% | 20.7M+20.3% | 17.2M+22.0% | 14.1M | |
| Net income to common | — | — | 1.37B+25.7% | 1.09B-3.4% | 1.13B+193.8% | |
| $7.28-1.2% | $7.37+53.9% | $4.79+25.7% | $3.81-2.6% | $3.91+194.2% | ||
| EPS (basic) | $7.33-1.3% | $7.43+54.1% | $4.82+25.8% | $3.83-3.0% | $3.95+194.0% | |
| Weighted-avg shares (basic) | 283M-0.4% | 284M-0.2% | 285M-0.1% | 285M-0.4% | 286M-0.2% | |
| Weighted-avg shares (diluted) | 285M-0.5% | 287M+0.0% | 287M-0.0% | 287M-0.9% | 289M-0.4% | |
| Dividends per share | $2.68+13.6% | $2.36+9.3% | $2.16+4.9% | $2.06+5.6% | $1.95+3.2% | |
| Balance Sheet | as ofDec 31 ’25 | as ofDec 31 ’24 | as ofDec 31 ’23 | as ofDec 31 ’22 | as ofDec 31 ’21 | |
| 5.96B-1.2% | 6.03B+6.8% | 5.64B+2.7% | 5.49B+17.2% | 4.69B-8.4% | ||
| Cash & equivalents | 646M-48.6% | 1.26B+36.7% | 920M+53.6% | 599M+66.3% | 360M-71.4% | |
| Accounts receivable | 3.25B+13.4% | 2.87B+1.1% | 2.83B+5.0% | 2.70B+8.9% | 2.48B+9.0% | |
| Inventory | 1.49B+1.7% | 1.46B-2.2% | 1.50B-16.5% | 1.79B+20.2% | 1.49B+16.1% | |
| Prepaid expenses | 160M+5.4% | 151M+5.2% | 144M+16.1% | 124M+2.2% | 121M+22.3% | |
| Other current assets | 570M+29.7% | 439M+11.6% | 393M-2.8% | 405M+13.4% | 357M+19.7% | |
| 24.7B+10.3% | 22.4B+2.5% | 21.8B+1.8% | 21.5B+1.2% | 21.2B+17.0% | ||
| Property, plant & equipment | 4.28B+14.0% | 3.75B+8.0% | 3.47B+5.5% | 3.29B+0.1% | 3.29B+5.2% | |
| Operating lease right-of-use | 766M+5.9% | 723M+30.7% | 554M+23.5% | 448M+13.0% | 397M-6.4% | |
| Goodwill | 9.23B+16.7% | 7.91B-3.0% | 8.15B+1.7% | 8.01B-0.6% | 8.06B+34.2% | |
| Intangible assets | 3.69B+11.5% | 3.31B-5.3% | 3.49B-5.1% | 3.68B-12.9% | 4.22B+41.9% | |
| Deferred tax assets | 181M+16.4% | 156M+30.3% | 119M+10.4% | 108M-10.4% | 121M-26.1% | |
| Other non-current assets | 783M+16.8% | 670M+25.8% | 533M-0.4% | 535M-2.0% | 546M+14.7% | |
| 5.53B+15.5% | 4.79B+10.3% | 4.35B+3.2% | 4.21B+18.5% | 3.55B+21.2% | ||
| Accounts payable | 2.07B+14.4% | 1.81B+15.6% | 1.57B-9.4% | 1.73B+24.9% | 1.38B+19.3% | |
| Deferred revenue | 173M | — | — | — | — | |
| Short-term & current debt | 759M+23.3% | 616M-2.3% | 630M+24.8% | 505M+22.9% | 411M+2275.7% | |
| Current lease liability | 165M+15.7% | 142M+12.8% | 126M+16.4% | 108M-5.9% | 115M-8.4% | |
| Other current liabilities | 1.74B+14.9% | 1.51B+13.3% | 1.33B+3.8% | 1.29B+12.4% | 1.14B-3.8% | |
| 14.9B+9.5% | 13.6B-1.3% | 13.8B-3.0% | 14.2B+1.8% | 14.0B+17.0% | ||
| Long-term debt | 7.37B+6.0% | 6.95B-8.0% | 7.55B-6.5% | 8.08B-3.3% | 8.35B+25.2% | |
| Operating lease liability (total) | 761M+6.0% | 718M+30.1% | 552M+23.8% | 446M+12.1% | 398M-6.4% | |
| Deferred tax liabilities | 330M+17.8% | 280M-33.0% | 418M-17.3% | 506M-18.7% | 622M+28.5% | |
| Other non-current liabilities | 519M+41.6% | 366M-4.1% | 382M-6.0% | 406M+59.9% | 254M-18.7% | |
| 9.77B+11.6% | 8.76B+8.9% | 8.04B+11.2% | 7.24B+0.2% | 7.22B+17.2% | ||
| Common stock | 369M+0.4% | 368M+0.6% | 366M+0.3% | 365M+0.2% | 364M+0.4% | |
| Additional paid-in capital | 7.52B+5.1% | 7.16B+5.8% | 6.77B+2.8% | 6.58B+1.8% | 6.46B+3.7% | |
| Retained earnings | 12.8B+11.4% | 11.5B+14.3% | 10.1B+8.1% | 9.32B+5.7% | 8.81B+6.9% | |
| Treasury stock | 9.08B+9.3% | 8.31B+13.6% | 7.31B+0.2% | 7.30B+7.6% | 6.78B+1.6% | |
| Accumulated other comprehensive income | -1.87B+5.4% | -1.98B-7.1% | -1.85B-7.2% | -1.73B-5.6% | -1.63B+18.0% | |
| Non-controlling interest | 33.7M+5.6% | 31.9M+16.0% | 27.5M+22.2% | 22.5M-22.1% | 28.9M-17.4% | |
| Total equity incl. non-controlling | 9.80B+11.6% | 8.79B+8.9% | 8.07B+11.2% | 7.26B+0.1% | 7.25B+17.0% | |
| Total liabilities & equity | 24.7B+10.3% | 22.4B+2.5% | 21.8B+1.8% | 21.5B+1.2% | 21.2B+17.0% | |
| Common shares outstanding | 282M-0.5% | 283M-0.7% | 285M+0.3% | 285M-0.8% | 287M+0.4% | |
| Shares outstanding (cover) | 282M-0.4% | 283M-0.9% | 286M+0.4% | 284M-0.8% | 287M+0.3% | |
| Cash Flow | as ofDec 31 ’25 | as ofDec 31 ’24 | as ofDec 31 ’23 | as ofDec 31 ’22 | as ofDec 31 ’21 | |
| 2.95B+4.9% | 2.81B+16.7% | 2.41B+34.9% | 1.79B-13.3% | 2.06B+10.8% | ||
| Depreciation & amortization | 977M+4.3% | 936M+1.3% | 924M-1.6% | 939M+11.3% | 843M+3.7% | |
| Intangible amortization | 304M+1.0% | 301M-2.0% | 307M-4.1% | 320M+33.9% | 239M+9.1% | |
| Share-based compensation | 137M+1.3% | 135M+41.7% | 95.1M+8.3% | 87.8M-1.9% | 89.5M+9.0% | |
| Deferred income taxes | -36.2M+80.4% | -185M-235.0% | -55.1M+61.4% | -143M-15744.4% | -900K+97.7% | |
| Change in receivables | 186M+26.7% | 147M+74.0% | 84.3M-73.6% | 320M+79.3% | 178M+214.5% | |
| Change in inventory | -36.4M-131.5% | 116M+136.1% | -320M-179.5% | 403M+451.9% | 73.0M-59.3% | |
| Change in payables | 67.7M-77.4% | 300M+229.1% | -232M-158.9% | 395M+97.0% | 200M+258.5% | |
| -2.71B-524.1% | -434M+56.2% | -991M-38.2% | -717M+84.3% | -4.58B-1004.9% | ||
| Capital expenditure | 1.05B+5.4% | 995M+28.4% | 775M+8.7% | 713M+10.9% | 643M+31.5% | |
| Free cash flow | 1.90B+4.7% | 1.82B+11.1% | 1.64B+52.2% | 1.08B-24.2% | 1.42B+3.5% | |
| Acquisitions | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Other investing activities | 75.0M+173.7% | 27.4M-39.4% | 45.2M+4620.0% | -1.00M-104.0% | 25.2M+687.5% | |
| -853M+57.8% | -2.02B-91.9% | -1.05B-26.0% | -837M-152.2% | 1.60B+569.0% | ||
| Long-term debt issued | 1.05B | 0.00 | 0.00-100.0% | 494M-82.2% | 2.77B+49.5% | |
| Long-term debt repaid | 674M+6.9% | 630M+26.1% | 500M | 0.00-100.0% | 1.02B-35.2% | |
| Net short-term debt | 98.2M+5068.4% | 1.90M+200.0% | -1.90M+99.5% | -404M-202.7% | 394M+700.9% | |
| Common stock issued | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Common stock repurchased | 784M-20.5% | 987M+7100.7% | 13.7M-97.4% | 518M+386.1% | 107M-27.1% | |
| Dividends paid | 754M+13.4% | 664M+7.6% | 617M+2.4% | 603M+6.4% | 566M+1.0% | |
| Other financing activities | -13.7M-280.6% | -3.60M-9.1% | -3.30M+53.5% | -7.10M+51.0% | -14.5M-51.0% | |
| FX effect on cash | -2.70M+85.6% | -18.7M+59.1% | -45.7M-1138.6% | 4.40M-69.2% | 14.3M+147.5% | |
| Net change in cash | — | — | 321M+34.4% | 239M+126.5% | -900M-183.8% | |
| Interest paid | 303M-11.7% | 343M+5.5% | 325M+46.0% | 222M+6.6% | 209M-20.5% | |
| Income taxes paid | 548M-15.3% | 647M+38.0% | 469M+51.9% | 309M+12.0% | 276M-24.9% | |
| Valuation Ratios | as ofDec 31 ’25 | as ofDec 31 ’24 | as ofDec 31 ’23 | as ofDec 31 ’22 | as ofDec 31 ’21 | |
| Market cap | 74.0B+11.6% | 66.3B+17.2% | 56.6B+36.4% | 41.5B-38.4% | 67.3B+8.8% | |
| P/E | 35.7×+13.6% | 31.4×-31.6% | 45.9×+25.0% | 36.7×-38.3% | 59.5× | |
| P/S | 4.6×+9.3% | 4.2×+12.1% | 3.8×+25.8% | 3.0×-43.5% | 5.3×+0.7% | |
| P/B | 7.6×+0.0% | 7.6×+4.4% | 7.3×+23.6% | 5.9×-37.0% | 9.3×-7.2% | |
| P/FCF | 38.9×+6.7% | 36.4×+9.8% | 33.2×-32.7% | 49.3×+4.0% | 47.4×+5.1% | |
| Earnings yield | 2.8%-12.0% | 3.2%+46.3% | 2.2%-20.0% | 2.7%+62.0% | 1.7% | |
| FCF yield | 2.6%-6.2% | 2.7%-8.9% | 3.0%+48.5% | 2.0%-3.8% | 2.1%-4.9% | |
| Dividend yield | 1.0%+1.4% | 1.0%-7.5% | 1.1%-23.1% | 1.4%+70.3% | 0.83%-4.8% | |
| Source filing | 10-K | 10-K | 10-K | 10-K | 10-K |
About this data
Source: ECL’s SEC filings (10-K / 10-Q). Annual columns are as-reported fiscal years; quarterly columns are as-reported fiscal quarters (Q4 derived as full-year minus the first three quarters where a company doesn’t file a standalone Q4); TTM (quarterly) rolls the trailing four quarters at every quarter end, TTM (yearly) samples that one year apart; balance-sheet rows show the period-end balance. Valuation ratios are sampled as of each period end. View all ECL filings on SEC EDGAR → Not investment advice.