Ecolab (ECL)


Market Price (7/25/2026): $268.75 | Market Cap: $75.8 BilInvestor Relations Sector: Materials | Industry: Specialty Chemicals

Ecolab (ECL)


Market Price (7/25/2026): $268.75
Market Cap: $75.8 Bil
Sector: Materials
Industry: Specialty Chemicals

Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.

0

Attractive cash flow generation
CFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 18%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is 11%, CFO LTM is 3.0 Bil

Stock buyback support
Stock Buyback 3Y Total is 2.1 Bil

Low stock price volatility
Vol 12M is 22%

Megatrend and thematic drivers
Megatrends include Water Infrastructure, Sustainable Resource Management, Advanced Materials, Smart Buildings & Proptech, Show more.

Weak multi-year price returns
2Y Excs Rtn is -22%, 3Y Excs Rtn is -14%

Expensive valuation multiples
P/EBITPrice/EBIT or Price/(Operating Income) ratio is 26x

Key risks
ECL key risks include [1] its vulnerability to economic fluctuations within its key hospitality and energy end-markets and [2] potential financial liabilities from non-compliance with the stringent environmental and safety regulations governing its products.

0 Attractive cash flow generation
CFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 18%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is 11%, CFO LTM is 3.0 Bil
1 Stock buyback support
Stock Buyback 3Y Total is 2.1 Bil
2 Low stock price volatility
Vol 12M is 22%
3 Megatrend and thematic drivers
Megatrends include Water Infrastructure, Sustainable Resource Management, Advanced Materials, Smart Buildings & Proptech, Show more.
4 Weak multi-year price returns
2Y Excs Rtn is -22%, 3Y Excs Rtn is -14%
5 Expensive valuation multiples
P/EBITPrice/EBIT or Price/(Operating Income) ratio is 26x
6 Key risks
ECL key risks include [1] its vulnerability to economic fluctuations within its key hospitality and energy end-markets and [2] potential financial liabilities from non-compliance with the stringent environmental and safety regulations governing its products.

ECL in ETFs

Weight = ECL's share of each fund

SPY0.11%
VOO0.11%
IVV0.10%
VTI0.10%
ITOT0.09%
IWB0.10%
RSP0.21%
VUG0.21%
+27 more covered ETFs

Valuation & Metrics

Price Chart

Why The Stock Moved

Qualitative Assessment

AI Analysis | Feedback

Updated on 7/21/2026

Ecolab (ECL) stock has remained largely at the same level since 3/31/2026 because of the following key factors:

1. Ecolab's Q1 2026 financial performance, characterized by meeting EPS expectations and slightly surpassing revenue forecasts, was tempered by the costs associated with its strategic acquisition. Ecolab reported adjusted diluted earnings per share (EPS) of $1.70 for fiscal Q1 2026, which met analyst consensus estimates, and revenue of $4.07 billion, slightly exceeding the $4.03 billion consensus. However, the early closing of the $4.75 billion CoolIT Systems acquisition on July 2, 2026, a move to expand into AI data center cooling, resulted in a reset of the full fiscal year 2026 adjusted diluted EPS guidance to $8.03-$8.23, lower than the previous guidance of $8.43-$8.63 (which excluded the acquisition). This revision, reflecting near-term deal costs, likely contributed to a muted stock reaction despite the solid Q1 results and long-term strategic benefits.

2. The ongoing battle between rising commodity costs and effective pricing actions created a balanced outlook on profitability, constraining significant stock movement. Ecolab experienced commodity cost headwinds during fiscal Q2 2026. However, the company expressed confidence that accelerating pricing actions and the implementation of energy surcharges would progressively offset these higher costs, leading to a stabilization of gross margins in the second half of fiscal 2026. This dynamic suggested that while cost pressures existed, Ecolab's ability to implement price increases largely neutralized the negative impact on investor sentiment for the period.

Show more
Updated on 7/21/2026

Ecolab (ECL) stock has remained largely at the same level since 3/31/2026 because of the following key factors:

1. Ecolab's Q1 2026 financial performance, characterized by meeting EPS expectations and slightly surpassing revenue forecasts, was tempered by the costs associated with its strategic acquisition. Ecolab reported adjusted diluted earnings per share (EPS) of $1.70 for fiscal Q1 2026, which met analyst consensus estimates, and revenue of $4.07 billion, slightly exceeding the $4.03 billion consensus. However, the early closing of the $4.75 billion CoolIT Systems acquisition on July 2, 2026, a move to expand into AI data center cooling, resulted in a reset of the full fiscal year 2026 adjusted diluted EPS guidance to $8.03-$8.23, lower than the previous guidance of $8.43-$8.63 (which excluded the acquisition). This revision, reflecting near-term deal costs, likely contributed to a muted stock reaction despite the solid Q1 results and long-term strategic benefits.

2. The ongoing battle between rising commodity costs and effective pricing actions created a balanced outlook on profitability, constraining significant stock movement. Ecolab experienced commodity cost headwinds during fiscal Q2 2026. However, the company expressed confidence that accelerating pricing actions and the implementation of energy surcharges would progressively offset these higher costs, leading to a stabilization of gross margins in the second half of fiscal 2026. This dynamic suggested that while cost pressures existed, Ecolab's ability to implement price increases largely neutralized the negative impact on investor sentiment for the period.

3. A high valuation and mixed analyst sentiment, despite strong growth prospects, limited the stock's upward momentum. Ecolab's stock traded at a premium, with a trailing price-to-earnings (P/E) ratio of 36.27 and a forward P/E ratio of 32.97, notably higher than the industry average of approximately 23x. While analysts generally maintained a "Moderate Buy" rating with an average target price around $324-$325, some market observers noted that the stock's valuation already factored in much of the anticipated growth, particularly from the high-tech and AI data center cooling initiatives. This suggested that substantial upside was limited unless new, unpriced catalysts emerged.

4. A significant insider stock sale by the Chairman and CEO contributed to a neutral investor sentiment. Within the last six months, Ecolab's Chairman and CEO, Christophe Beck, executed sales totaling an estimated $6,147,361, exceeding the $5 million threshold. Such a substantial insider selling activity by a top executive can be interpreted by investors as a lack of strong conviction in the stock's immediate growth potential, thereby acting as a dampening factor on its price performance.

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Stock Movement Drivers

Fundamental Drivers

The 1.3% change in ECL stock from 3/31/2026 to 7/24/2026 was primarily driven by a 2.3% change in the company's Total Revenues ($ Mil).
(LTM values as of)33120267242026Change
Stock Price ($)265.30268.751.3%
Change Contribution By: 
Total Revenues ($ Mil)16,08116,4522.3%
Net Income Margin (%)12.9%12.8%-0.8%
P/E Multiple36.136.0-0.4%
Shares Outstanding (Mil)2832820.2%
Cumulative Contribution1.3%

LTM = Last Twelve Months as of date shown

Market Drivers

3/31/2026 to 7/24/2026
ReturnCorrelation
ECL1.3% 
Market (SPY)13.6%25.9%
Sector (XLB)2.6%69.5%

Fundamental Drivers

The 2.9% change in ECL stock from 12/31/2025 to 7/24/2026 was primarily driven by a 3.5% change in the company's Total Revenues ($ Mil).
(LTM values as of)123120257242026Change
Stock Price ($)261.11268.752.9%
Change Contribution By: 
Total Revenues ($ Mil)15,89016,4523.5%
Net Income Margin (%)12.5%12.8%2.5%
P/E Multiple37.336.0-3.5%
Shares Outstanding (Mil)2842820.5%
Cumulative Contribution2.9%

LTM = Last Twelve Months as of date shown

Market Drivers

12/31/2025 to 7/24/2026
ReturnCorrelation
ECL2.9% 
Market (SPY)8.7%34.4%
Sector (XLB)13.5%69.4%

Fundamental Drivers

The 0.8% change in ECL stock from 6/30/2025 to 7/24/2026 was primarily driven by a 4.9% change in the company's Total Revenues ($ Mil).
(LTM values as of)63020257242026Change
Stock Price ($)266.60268.750.8%
Change Contribution By: 
Total Revenues ($ Mil)15,68416,4524.9%
Net Income Margin (%)13.4%12.8%-4.5%
P/E Multiple35.936.00.2%
Shares Outstanding (Mil)2832820.5%
Cumulative Contribution0.8%

LTM = Last Twelve Months as of date shown

Market Drivers

6/30/2025 to 7/24/2026
ReturnCorrelation
ECL0.8% 
Market (SPY)20.6%32.2%
Sector (XLB)18.4%62.2%

Fundamental Drivers

The 48.5% change in ECL stock from 6/30/2023 to 7/24/2026 was primarily driven by a 60.8% change in the company's Net Income Margin (%).
(LTM values as of)63020237242026Change
Stock Price ($)180.95268.7548.5%
Change Contribution By: 
Total Revenues ($ Mil)14,49316,45213.5%
Net Income Margin (%)8.0%12.8%60.8%
P/E Multiple44.736.0-19.4%
Shares Outstanding (Mil)2852820.9%
Cumulative Contribution48.5%

LTM = Last Twelve Months as of date shown

Market Drivers

6/30/2023 to 7/24/2026
ReturnCorrelation
ECL48.5% 
Market (SPY)72.6%42.9%
Sector (XLB)30.6%57.9%

Return vs. Risk

Price Returns Compared

 202120222023202420252026Total [1]
Returns
ECL Return9%-37%38%19%13%1%29%
Peers Return9%-9%19%8%10%-7%32%
S&P 500 Return27%-19%24%23%16%8%97%

Monthly Win Rates [3]
ECL Win Rate58%25%67%58%50%43% 
Peers Win Rate53%47%53%57%53%43% 
S&P 500 Win Rate75%42%67%75%67%43% 

Max Drawdowns [4]
ECL Max Drawdown-10%-43%-17%-10%-16%-20% 
Peers Max Drawdown-20%-29%-21%-17%-23%-27% 
S&P 500 Max Drawdown-5%-25%-10%-8%-19%-9% 


[1] Cumulative total returns since the beginning of 2021
[2] Peers: STE, ROL, CTAS, CLX, DD. See ECL Returns vs. Peers.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2026 data is for the year up to 7/24/2026 (YTD)

How Low Can It Go

EventECLS&P 500
2025 US Tariff Shock
  % Loss-15.0%-18.8%
  % Gain to Breakeven17.7%23.1%
  Time to Breakeven52 days79 days
Summer-Fall 2023 Five Percent Yield Shock
  % Loss-17.3%-9.5%
  % Gain to Breakeven20.9%10.5%
  Time to Breakeven34 days24 days
2022 Inflation Shock & Fed Tightening
  % Loss-38.7%-24.5%
  % Gain to Breakeven63.1%32.4%
  Time to Breakeven502 days427 days
2020 COVID-19 Crash
  % Loss-40.3%-33.7%
  % Gain to Breakeven67.5%50.9%
  Time to Breakeven66 days140 days
Q4 2018 Fed Policy Error / Growth Scare
  % Loss-11.4%-19.2%
  % Gain to Breakeven12.9%23.8%
  Time to Breakeven37 days105 days
2015-2016 China Devaluation / Global Growth Scare
  % Loss-13.4%-12.2%
  % Gain to Breakeven15.5%13.9%
  Time to Breakeven51 days62 days

Compare to STE, ROL, CTAS, CLX, DD

In The Past

Ecolab's stock fell -15.0% during the 2025 US Tariff Shock. Such a loss loss requires a 17.7% gain to breakeven.

Preserve Wealth

Limiting losses and compounding gains is essential to preserving wealth.

Asset Allocation

Actively managed asset allocation strategies protect wealth. Learn more.

EventECLS&P 500
2022 Inflation Shock & Fed Tightening
  % Loss-38.7%-24.5%
  % Gain to Breakeven63.1%32.4%
  Time to Breakeven502 days427 days
2020 COVID-19 Crash
  % Loss-40.3%-33.7%
  % Gain to Breakeven67.5%50.9%
  Time to Breakeven66 days140 days
2008-2009 Global Financial Crisis
  % Loss-41.9%-53.4%
  % Gain to Breakeven72.1%114.4%
  Time to Breakeven560 days1085 days

Compare to STE, ROL, CTAS, CLX, DD

In The Past

Ecolab's stock fell -15.0% during the 2025 US Tariff Shock. Such a loss loss requires a 17.7% gain to breakeven.

Preserve Wealth

Limiting losses and compounding gains is essential to preserving wealth.

Asset Allocation

Actively managed asset allocation strategies protect wealth. Learn more.

About Ecolab (ECL)

Ecolab Inc. (ECL) is a global leader in providing essential water, hygiene, and infection prevention solutions and services. The company partners with a wide range of industries and institutions, helping them maintain clean, safe, and efficient operations through specialized cleaning, sanitizing, and water treatment programs. Their core focus is on optimizing resource use, enhancing hygiene standards, and preventing the spread of contaminants across various commercial and industrial settings.

Ecolab's offerings are structured across several key segments. The Global Industrial segment delivers water treatment and process applications, along with cleaning and sanitizing solutions, to heavy industries such as manufacturing, food and beverage processing, energy, and chemical sectors. For the foodservice, hospitality, lodging, and retail industries, the Global Institutional & Specialty segment provides specialized cleaning and sanitizing products. Furthermore, their Global Healthcare & Life Sciences segment offers critical infection prevention, surgical solutions, and end-to-end cleaning and contamination control solutions for healthcare, personal care, and pharmaceutical industries.

Beyond these core areas, Ecolab also provides specialized services through its "Other" segment. This includes comprehensive pest elimination services for restaurants, hotels, and healthcare facilities to detect and prevent infestations. They also supply colloidal silica for advanced manufacturing applications in semiconductor and aerospace industries, and offer solutions for commercial laundry operations to manage wash processes efficiently. Ecolab reaches its diverse customer base globally through a dedicated field sales force, corporate account personnel, and a network of distributors and dealers.

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1. The 'Intel Inside' for industrial and institutional hygiene and water management.

2. Like Amazon Web Services (AWS) or Google Cloud, but for the physical world's hygiene, water treatment, and pest control needs of businesses.

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  • Water Treatment and Process Applications: Provides solutions and services for managing water quality and optimizing industrial processes across various sectors.
  • Cleaning and Sanitizing Solutions: Offers specialized products and services for hygiene and cleanliness across manufacturing, food and beverage, institutional, and retail industries.
  • Infection Prevention and Surgical Solutions: Delivers specialized products and services focused on preventing infections and supporting surgical procedures, primarily in healthcare.
  • Pest Elimination Services: Provides services to detect, eliminate, and prevent pests such as rodents and insects in commercial and institutional settings.
  • Colloidal Silica Products: Manufactures colloidal silica for binding and polishing applications in semiconductor, catalyst, and aerospace component manufacturing.
  • Commercial Laundry Management: Offers custom programs, premium products, and services to manage wash processes, optimize water and energy use, and provide real-time data for commercial laundries.

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Ecolab sells primarily to other companies and institutions. Its major customers can be categorized by the industries and institutions it serves, as specific company names are not provided in the background:

  • Industrial Sector: This includes manufacturing, food and beverage processing, transportation, chemical, metals and mining, power generation, pulp and paper, commercial laundry, petroleum, refining, petrochemical, semiconductor, catalyst, and aerospace component manufacturing industries.
  • Institutional & Commercial Sector: This encompasses foodservice (restaurants), hospitality (hotels, lodging), government and education facilities, retail stores, quick service restaurants, and grocery operations.
  • Healthcare & Life Sciences Sector: This involves healthcare facilities (hospitals, clinics), personal care product manufacturers, and pharmaceutical companies.

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Christophe Beck, Chairman and Chief Executive Officer

Christophe Beck was appointed Chairman in May 2022 and Chief Executive Officer in January 2021. He joined Ecolab in 2007 and has held numerous senior leadership positions within the company, including President and Chief Operating Officer; Executive Vice President and President of the Global Industrial Group; Executive Vice President and President of Nalco Water, an Ecolab company; and Executive Vice President and President of International Regions. He was instrumental in leading the integration of Nalco following its acquisition by Ecolab in 2011. Before joining Ecolab, Mr. Beck spent 16 years as a senior executive at Nestlé, where he managed several of the company's major businesses across various geographies. Earlier in his career, he contributed to a space shuttle project for the European Space Agency. He holds a master's degree in Engineering from the Swiss Federal Institute of Technology and was recognized as a World Economic Forum Young Global Leader in 2006.

Scott Kirkland, Chief Financial Officer

Scott Kirkland was appointed Chief Financial Officer for Ecolab Inc. effective January 1, 2022. He has been with Ecolab since 2005, serving in various financial leadership capacities, including Senior Vice President and Corporate Controller, with global responsibility for financial planning and analysis, accounting, and internal audit functions. He also served as Senior Vice President for Ecolab's Global Energy segment, responsible for its financial objectives. Prior to joining Ecolab, Mr. Kirkland held finance positions with Novartis International AG. He began his career with roles in audit and assurance, and transaction services at PwC. Mr. Kirkland holds a bachelor's degree in accounting from the University of Northern Iowa.

Darrell Brown, Co-Chief Operating Officer, Global Markets and President

Effective April 1, 2026, Darrell Brown was appointed Co-Chief Operating Officer, Global Markets, and will continue to serve as President. He has served as President and Chief Operating Officer since 2022. With a tenure spanning 24 years at Ecolab, Mr. Brown has held several key leadership positions, including Executive Vice President and President of the Global Industrial Group from 2019 to 2022, and Executive Vice President and President of Ecolab's Energy Services Division from 2018 to 2019.

Greg Cook, Co-Chief Operating Officer, Global Businesses

Effective April 1, 2026, Greg Cook was appointed Co-Chief Operating Officer, Global Businesses. He has served as Executive Vice President and President of the Institutional Group since 2023. Having joined Ecolab in 1997, Mr. Cook has accumulated 28 years of experience within the company, holding various key finance, sales, and general management roles across the Food & Beverage, Textile Care, and Institutional sectors. His previous roles include Executive Vice President and General Manager of Global Institutional from 2021 to 2023, and Senior Vice President and General Manager of Global Pest from 2020 to 2021.

Nicholas Alfano, Executive Vice President and President, Global Industrial Group

Nicholas Alfano is the Executive Vice President and President of Ecolab's Global Industrial Group, a position he assumed in April 2023. In this role, he oversees the company's largest business segment, focusing on integrated water management solutions and food safety. Mr. Alfano joined Ecolab in 1996 and has held various executive positions, including Executive Vice President and General Manager of Global Light Water and Executive Vice President and General Manager of Global Food & Beverage. Prior to his extensive career at Ecolab, he spent 14 years with Calgon Corporation, a subsidiary of Merck and Co., where he held various sales and marketing management positions, including Director of Marketing for the Global Paper and Water Treatment Chemicals business unit. He holds a bachelor's degree in Chemical Engineering from Drexel University and a master's degree in Business Administration from the Katz Graduate School of Business at the University of Pittsburgh.

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The key risks to Ecolab's business are:

  1. Geopolitical and Economic Sensitivity: Ecolab's extensive global operations, spanning over 170 countries, expose it to significant risks from geopolitical instability, trade policy changes, tariffs, and economic upheavals in various regions. Economic downturns in key markets, such as foodservice, hospitality, healthcare, and industrial sectors, can adversely impact customer demand for Ecolab's products and services. Furthermore, the company is susceptible to foreign currency exchange rate fluctuations, which can negatively affect reported sales and earnings from its international operations.
  2. Intense Competitive Pressure and Market Fragmentation: Ecolab operates in highly competitive markets, facing rivalry from both large multinational corporations and numerous smaller regional entities. This competitive landscape necessitates continuous innovation and superior customer support to maintain its market leadership and pricing power. The threat of competitors eroding the perceived value of Ecolab's service model and targeting price-sensitive customers could put pressure on its operating income margins.
  3. Supply Chain Disruptions and Rising Raw Material Costs: Ecolab is vulnerable to global supply chain challenges, including shortages of raw materials and transportation delays. The company also faces persistent risks from rising raw material costs, which can impact its cost of goods sold and pressure operating margins. While Ecolab has demonstrated strong pricing power to offset some cost increases, ongoing volatility in input costs remains a material operational challenge.

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Ecolab (ECL) Addressable Market Sizes

  • Water and Wastewater Treatment: The global water and wastewater treatment market was valued at approximately USD 372.39 billion in 2025 and is projected to grow to USD 713.96 billion by 2034.
  • Industrial and Institutional Cleaning and Sanitizing Solutions: The global industrial and institutional cleaning chemicals market was estimated at USD 86.46 billion in 2025 and is projected to reach USD 156.99 billion by 2033.
  • Food and Beverage Disinfection: The global food and beverage disinfection market size was valued at USD 10.35 billion in 2025 and is projected to grow to USD 14.85 billion by 2034.
  • Infection Prevention and Surgical Solutions (Healthcare): The global infection control market size was valued at USD 56.73 billion in 2025 and is projected to grow to USD 97.55 billion by 2034.
  • Pest Elimination Services: The global pest control market size was valued at USD 26.68 billion in 2024 and is expected to reach USD 40.33 billion by 2032.
  • Colloidal Silica: The global colloidal silica market size was valued at USD 3.0 billion in 2024 and is poised to grow to USD 5.24 billion by 2033.
  • Commercial Laundry: The global commercial laundry market size was valued at USD 6.88 billion in 2024 and is poised to grow to USD 11.42 billion by 2033.
  • Hospitality Cleaning Services: The global hospitality cleaning services market size was valued at USD 17.2 billion in 2024 and is expected to grow to USD 30.5 billion by 2035.

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Ecolab (ECL) is expected to drive future revenue growth over the next 2-3 years through several strategic initiatives and market opportunities:
  • Expansion of Global High-Tech Segment and Ovivo Electronics Acquisition: Ecolab's Global High-Tech segment, which serves semiconductor and data center industries, including those focused on artificial intelligence (AI), is a significant growth driver. This segment experienced double-digit growth in 2025. The recent acquisition of Ovivo Electronics is projected to nearly double the size of this business and enhance its capabilities in ultrapure water solutions. Ecolab is also developing liquid cooling solutions for AI data centers, further capitalizing on this high-growth market.
  • Digital Solutions and Innovation: Ecolab Digital is a key growth engine, with annual sales approaching $400 million and growing over 20% in 2025. The company continues to invest in expanding its digital offerings, including AI-enabled solutions like "CIP IQ" and the "Pest Intelligence platform". A strong innovation pipeline, particularly focusing on digitally enabled solutions, is anticipated to contribute to future revenue.
  • Sustained Value Pricing: Ecolab has demonstrated consistent pricing power, with "value pricing" being a significant contributor to organic sales growth in 2025. This strategy of implementing price increases is expected to continue supporting revenue growth and operating margin expansion in the coming years.
  • Growth in Core Businesses and "One Ecolab" Initiative: Management is focused on accelerating the total value delivered to customers across its core businesses through the "One Ecolab" growth initiative. This initiative aims for broad-based momentum across Ecolab’s portfolio, with particular strength noted in the Food & Beverage, Pest Elimination, Life Sciences, and Specialty segments.
  • Accelerating Life Sciences Segment: The Life Sciences segment, especially its bioprocessing sub-segment, is considered a significant growth engine. This area experienced strong growth in 2025, with bioprocessing growing by nearly 75%, and is expected to unlock further growth opportunities due to capacity expansion and market demand.

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Share Repurchases

  • Ecolab had significant annual share repurchases of $986.5 million in 2024.
  • In 2025, the company repurchased $784 million of its shares to manage its capital structure and offset dilution from equity compensation plans.
  • Between October 1, 2025, and December 31, 2025, Ecolab repurchased 1.5 million shares for $399.83 million.

Share Issuance

  • Ecolab's shares outstanding have shown a general decline, with 0.284 billion shares outstanding at the end of December 2025, a 0.84% decrease year-over-year.

Outbound Investments

  • Ecolab acquired Purolite, a separation technology company, for $3.7 billion in cash, with the transaction expected to close in Q4 2021, to enhance its high-growth life sciences business.
  • In August 2025, Ecolab entered into an agreement to acquire Ovivo's Electronics business, which specializes in ultra-pure water technologies for semiconductor manufacturing, for approximately $1.8 billion (USD). This acquisition was expected to close in Q1 2026.
  • Ecolab has made 13 investments in various sectors, including GRC Software, Waste & Water Management, and Food Tech, with its latest investment being a Series B round in Membrion on June 16, 2025.

Capital Expenditures

  • Ecolab's capital expenditures increased from $643 million in 2021 to $994.5 million in December 2024.
  • For the fiscal year ending December 31, 2025, capital expenditures amounted to $1 billion.
  • Ecolab projects its capital expenditures to be $1,048 million in 2025, $1,123 million in 2026, and $1,133 million in 2027, focusing on new production initiatives and investments in process control and monitoring equipment and technology to enhance product offerings and improve operational efficiency.

Better Bets vs. Ecolab (ECL)

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Peer Comparisons

Peers to compare with:

Financials

ECLSTEROLCTASCLXDDMedian
NameEcolab Steris Rollins Cintas Clorox DuPont d. 
Mkt Price268.75214.0738.56205.9195.55137.70171.81
Mkt Cap75.821.018.682.411.656.538.7
Rev LTM16,4525,9363,92411,0276,7606,1396,450
Op Inc LTM2,9761,1067322,5311,0606561,083
FCF LTM1,8709726191,794380-162796
FCF 3Y Avg1,8117885901,706584-576689
CFO LTM3,0291,3416472,207576362994
CFO 3Y Avg2,8091,1546192,115796639975

Growth & Margins

ECLSTEROLCTASCLXDDMedian
NameEcolab Steris Rollins Cintas Clorox DuPont d. 
Rev Chg LTM4.9%8.7%9.9%8.7%-3.7%0.6%6.8%
Rev Chg 3Y Avg4.3%9.4%11.0%8.6%-1.9%-18.3%6.5%
Rev Chg Q10.0%7.3%7.9%8.9%0.1%4.3%7.6%
QoQ Delta Rev Chg LTM2.3%1.8%2.1%2.2%0.0%1.1%2.0%
Op Inc Chg LTM12.2%15.1%7.1%9.6%-0.7%2.0%8.3%
Op Inc Chg 3Y Avg18.4%11.8%11.3%13.4%17.0%-24.8%12.6%
Op Mgn LTM18.1%18.6%18.7%23.0%15.7%10.7%18.4%
Op Mgn 3Y Avg16.6%17.7%19.2%22.3%13.4%10.9%17.1%
QoQ Delta Op Mgn LTM0.1%0.3%-0.3%-0.0%0.7%0.7%0.2%
CFO/Rev LTM18.4%22.6%16.5%20.0%8.5%5.9%17.4%
CFO/Rev 3Y Avg17.7%20.9%17.3%20.8%11.3%10.1%17.5%
FCF/Rev LTM11.4%16.4%15.8%16.3%5.6%-2.6%13.6%
FCF/Rev 3Y Avg11.4%14.2%16.5%16.7%8.3%-8.9%12.8%

Valuation

ECLSTEROLCTASCLXDDMedian
NameEcolab Steris Rollins Cintas Clorox DuPont d. 
Mkt Cap75.821.018.682.411.656.538.7
P/S4.63.54.77.51.79.24.7
P/Op Inc25.518.925.432.510.986.125.4
P/EBIT26.118.925.332.510.7163.225.7
P/E36.026.834.942.515.3-1,947.330.8
P/CFO25.015.628.737.320.1156.026.9
Total Yield3.8%4.9%4.7%3.2%11.7%0.8%4.3%
Dividend Yield1.0%1.2%1.9%0.8%5.2%0.9%1.1%
FCF Yield 3Y Avg2.5%3.6%2.5%2.3%4.0%-1.3%2.5%
D/E0.10.10.10.00.40.10.1
Net D/E0.10.10.10.00.30.00.1

Returns

ECLSTEROLCTASCLXDDMedian
NameEcolab Steris Rollins Cintas Clorox DuPont d. 
1M Rtn-2.7%3.3%-13.4%20.5%0.2%-0.1%0.0%
3M Rtn-0.0%-3.2%-31.6%17.4%-3.2%-0.9%-2.0%
6M Rtn-4.1%-17.1%-38.3%7.2%-13.8%4.0%-9.0%
12M Rtn0.7%-4.8%-32.7%-6.7%-24.0%46.7%-5.8%
3Y Rtn45.3%-5.3%-10.6%63.8%-30.2%42.9%18.8%
1M Excs Rtn-3.5%2.6%-14.2%19.7%-0.6%-0.8%-0.7%
3M Excs Rtn-5.0%-8.2%-36.4%12.0%-6.4%-5.3%-5.9%
6M Excs Rtn-11.2%-24.7%-45.9%-0.0%-20.0%-2.4%-15.6%
12M Excs Rtn-15.4%-20.6%-45.8%-22.6%-40.6%26.7%-21.6%
3Y Excs Rtn-14.3%-65.4%-72.0%5.4%-93.4%-16.3%-40.8%

Comparison Analyses

null

Financials

Segment Financials

Revenue by Segment
$ Mil20252024202320222021
Global Water7,6807,483   
Global Institutional & Specialty5,9625,9795,0154,4143,909
Global Pest Elimination1,2191,1401,070  
Global Life Sciences7066701,6081,5061,150
Effect of foreign currency translation514468-5594250
Corporate0043124137
Global Industrial  7,6406,7366,087
Other  01,3131,201
Total16,08115,74115,32014,18812,733


Operating Income by Segment
$ Mil20252024202320222021
Global Institutional & Specialty1,3581,202842622546
Global Water1,2641,207   
Global Pest Elimination237210210  
Global Life Sciences12192161193152
Effect of foreign currency translation111104-101648
Corporate-353-12-333-414-317
Global Industrial  1,122936986
Other  0210184
Total2,7382,8021,9921,5621,599


Assets by Segment
$ Mil20122011201020092008
Global Water, Paper & Energy11,215    
International Cleaning, Sanitizing & Other Services2,635    
U.S Cleaning & Sanitizing2,146    
Corporate1,4142,126433297249
United States Other Services162154149  
International 2,6082,4132,525 
Legacy Nalco 11,082   
United States Cleaning & Sanitizing 2,2711,8761,999 
Other Services   199 
FOREIGN CURRENCYTRANSLATION    -352
INTERNATIONAL    2,675
U.S.CLEANING &SANITIZING    1,979
U.S.OTHER SERVICES    206
Total17,57218,2414,8725,0214,757


Price Behavior

Price Behavior
Market Price$268.75 
Market Cap ($ Bil)75.8 
First Trading Date01/05/1988 
Distance from 52W High-12.4% 
   50 Days200 Days
DMA Price$265.04$269.44
DMA Trendindeterminateup
Distance from DMA1.4%-0.3%
 3M1YR
Volatility24.8%21.8%
Downside Capture27.8453.92
Upside Capture23.2144.27
Correlation (SPY)16.8%32.4%
ECL Betas & Captures as of 6/30/2026

 1M2M3M6M1Y3Y
Beta0.190.280.500.600.560.57
Up Beta0.180.681.110.990.930.57
Down Beta1.030.750.410.790.370.51
Up Capture44%23%22%36%37%31%
Bmk +ve Days11244067140429
Stock +ve Days13223261132404
Down Capture-56%-26%11%41%62%81%
Bmk -ve Days10172358112321
Stock -ve Days8193164120347

[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
Based On 1-Year Data
Annualized
Return
Annualized
Volatility
Sharpe
Ratio
Correlation
with ECL
ECL1.2%21.7%-0.03-
Sector ETF (XLB)12.8%17.7%0.5363.0%
Equity (SPY)17.6%12.7%1.0032.3%
Gold (GLD)19.2%28.1%0.6117.3%
Commodities (DBC)34.7%19.1%1.42-35.4%
Real Estate (VNQ)13.8%14.1%0.6949.0%
Bitcoin (BTCUSD)-45.4%42.9%-1.298.5%

Smart multi-asset allocation framework can stack odds in your favor. Learn How
Based On 5-Year Data
Annualized
Return
Annualized
Volatility
Sharpe
Ratio
Correlation
with ECL
ECL5.7%24.0%0.20-
Sector ETF (XLB)6.8%19.1%0.2566.2%
Equity (SPY)12.8%17.1%0.5859.9%
Gold (GLD)17.0%18.4%0.7510.5%
Commodities (DBC)9.6%19.5%0.38-4.1%
Real Estate (VNQ)3.0%18.9%0.0658.5%
Bitcoin (BTCUSD)15.7%53.4%0.4720.5%

Smart multi-asset allocation framework can stack odds in your favor. Learn How
Based On 10-Year Data
Annualized
Return
Annualized
Volatility
Sharpe
Ratio
Correlation
with ECL
ECL9.5%25.1%0.37-
Sector ETF (XLB)9.9%20.6%0.4273.1%
Equity (SPY)14.9%17.9%0.7167.4%
Gold (GLD)11.3%16.1%0.578.3%
Commodities (DBC)7.2%17.9%0.3211.0%
Real Estate (VNQ)5.2%20.7%0.2162.2%
Bitcoin (BTCUSD)58.3%66.2%0.9814.1%

Smart multi-asset allocation framework can stack odds in your favor. Learn How

Short Interest

Short Interest: As Of Date7152026
Short Interest: Shares Quantity3.3 Mil
Short Interest: % Change Since 6302026-8.3%
Average Daily Volume1.0 Mil
Days-to-Cover Short Interest3.2 days
Basic Shares Quantity282.0 Mil
Short % of Basic Shares1.2%

Earnings Returns History

Updated 6/3/2026
Expand for More
 Forward Returns
Earnings Date1D Returns5D Returns21D Returns
4/28/2026-0.3%-4.6%-2.0%
2/10/20264.0%5.4%-3.6%
10/28/2025-4.1%-8.0%-2.2%
7/29/2025-3.9%-2.1%3.4%
4/29/20253.3%6.7%9.9%
2/11/20256.2%8.2%3.8%
10/29/2024-1.0%-4.7%-3.5%
7/30/2024-7.7%-6.7%0.3%
...
SUMMARY STATS   
# Positive121211
# Negative121213
Median Positive3.3%3.0%3.8%
Median Negative-4.1%-5.2%-3.5%
Max Positive7.1%9.6%18.5%
Max Negative-9.0%-13.0%-9.8%
Collapse to Preview
 Forward Returns
Earnings Date1D Returns5D Returns21D Returns
4/28/2026-0.3%-4.6%-2.0%
2/10/20264.0%5.4%-3.6%
10/28/2025-4.1%-8.0%-2.2%
7/29/2025-3.9%-2.1%3.4%
4/29/20253.3%6.7%9.9%
2/11/20256.2%8.2%3.8%
10/29/2024-1.0%-4.7%-3.5%
7/30/2024-7.7%-6.7%0.3%
4/30/20242.0%3.3%2.0%
3/15/20240.9%1.4%-2.5%
10/31/20235.4%9.6%18.5%
8/1/20231.1%0.7%-0.0%
5/2/20233.3%2.4%-2.2%
2/14/20237.1%7.0%7.7%
11/1/2022-9.0%-11.9%-4.6%
7/26/2022-2.7%2.6%2.9%
4/26/2022-4.1%-5.7%-9.8%
2/15/20220.2%-3.4%-6.3%
10/26/20213.9%0.4%5.4%
7/27/20210.8%-0.5%1.5%
4/27/2021-3.7%0.1%-5.2%
2/16/2021-4.1%-6.1%-2.9%
10/27/2020-4.2%-4.7%10.7%
7/28/2020-8.6%-13.0%-7.6%
SUMMARY STATS   
# Positive121211
# Negative121213
Median Positive3.3%3.0%3.8%
Median Negative-4.1%-5.2%-3.5%
Max Positive7.1%9.6%18.5%
Max Negative-9.0%-13.0%-9.8%

SEC Filings

Expand for More
Report DateFiling DateFiling
03/31/202605/07/202610-Q
12/31/202502/23/202610-K
09/30/202510/30/202510-Q
06/30/202508/07/202510-Q
03/31/202505/08/202510-Q
12/31/202402/21/202510-K
09/30/202410/31/202410-Q
06/30/202408/02/202410-Q
03/31/202405/02/202410-Q
12/31/202302/23/202410-K
09/30/202311/02/202310-Q
06/30/202308/03/202310-Q
03/31/202305/04/202310-Q
12/31/202202/24/202310-K
09/30/202211/04/202210-Q
06/30/202208/04/202210-Q
Collapse to Preview
Report DateFiling DateFiling
03/31/202605/07/202610-Q
12/31/202502/23/202610-K
09/30/202510/30/202510-Q
06/30/202508/07/202510-Q
03/31/202505/08/202510-Q
12/31/202402/21/202510-K
09/30/202410/31/202410-Q
06/30/202408/02/202410-Q
03/31/202405/02/202410-Q
12/31/202302/23/202410-K
09/30/202311/02/202310-Q
06/30/202308/03/202310-Q
03/31/202305/04/202310-Q
12/31/202202/24/202310-K
09/30/202211/04/202210-Q
06/30/202208/04/202210-Q
03/31/202205/05/202210-Q
12/31/202102/25/202210-K
09/30/202110/29/202110-Q
06/30/202108/05/202110-Q
03/31/202105/06/202110-Q
12/31/202002/26/202110-K
09/30/202010/30/202010-Q
06/30/202008/06/202010-Q
03/31/202005/07/202010-Q
12/31/201902/28/202010-K
09/30/201910/31/201910-Q
06/30/201908/01/201910-Q

Recent Forward Guidance

Updated 7/8/2026

Latest: Q1 2026 Earnings Reported 4/28/2026

Forward GuidanceGuidance Change
MetricLowMidHigh% Chg% DeltaChangePrior
Q2 2026 Adjusted Diluted EPS2.022.072.12   
Q2 2026 Adjusted Diluted EPS Growth7.0%9.5%12.0%   
2026 Adjusted Diluted EPS8.438.538.630 AffirmedGuidance: 8.53 for 2026
2026 Adjusted Diluted EPS Growth12.0%13.5%15.0% 0AffirmedGuidance: 13.5% for 2026
2026 Reported Sales Growth9.0%10.0%11.0% 2.0%RaisedGuidance: 8.0% for 2026
2026 Organic Sales Growth6.0%6.5%7.0% 3.0%RaisedGuidance: 3.5% for 2026
2026 Adjusted Operating Income Margin 19.0%    
2026 Adjusted Operating Income Growth14.0%15.0%16.0% 0AffirmedGuidance: 15.0% for 2026

Prior: Q4 2025 Earnings Reported 2/10/2026

Forward GuidanceGuidance Change
MetricLowMidHigh% Chg% DeltaChangePrior
Q1 2026 Adjusted Diluted EPS1.671.71.73   
Q1 2026 Adjusted Diluted EPS Growth11.0%13.0%15.0%   
2026 Reported Sales Growth7.0%8.0%9.0%   
2026 Organic Sales Growth3.0%3.5%4.0%   
2026 Adjusted Operating Income Growth14.0%15.0%16.0%   
2026 Adjusted Diluted EPS8.438.538.63   
2026 Adjusted Diluted EPS Growth12.0%13.5%15.0% 0.0%AffirmedGuidance: 13.5% for 2026

Q3 2025 Earnings Reported 10/28/2025

Forward GuidanceGuidance Change
MetricLowMidHigh% Chg% DeltaChangePrior
2025 Adjusted EPS7.487.537.580.1% RaisedGuidance: 7.52 for 2025
2025 Adjusted EPS Growth12.0%13.0%14.0% -0.5%LoweredGuidance: 13.5% for 2025
Q4 2025 Adjusted EPS2.022.072.12   
Q4 2025 Adjusted EPS Growth12.0%14.5%17.0%   
2026 Earnings Growth12.0%13.5%15.0%   

Insider Activity

Updated 7/2/2026
Expand for More
#OwnerTitleHoldingActionFiling DatePriceSharesTransacted
Value
Value of
Held Shares
Form
1Clark, Benjamin MEVP - Global Supply ChainDirectBuy6152026263.831,000263,831285,618Form
2Doukeris, Michel DDirectBuy6112026258.007,7501,999,5002,148,175Form
3Brown, Darrell RCo-COO - Global MarketsDirectSell6102026260.8910,0002,608,8708,539,709Form
4Vautrinot, Suzanne MDirectSell5272026264.981,004266,0403,087,340Form
5MacLennan, DavidDirectBuy5142026250.651,000250,6506,323,902Form
Collapse to Preview
#OwnerTitleHoldingActionFiling DatePriceSharesTransacted
Value
Value of
Held Shares
Form
1Clark, Benjamin MEVP - Global Supply ChainDirectBuy6152026263.831,000263,831285,618Form
2Doukeris, Michel DDirectBuy6112026258.007,7501,999,5002,148,175Form
3Brown, Darrell RCo-COO - Global MarketsDirectSell6102026260.8910,0002,608,8708,539,709Form
4Vautrinot, Suzanne MDirectSell5272026264.981,004266,0403,087,340Form
5MacLennan, DavidDirectBuy5142026250.651,000250,6506,323,902Form
6MacLennan, DavidDirectBuy5052026256.91800205,5306,224,980Form
7Cook, Gregory BEVP & PRES - INST GROUPDirectSell2272026304.253,5191,070,6563,551,630Form
8McKibben, Tracy BDirectSell2262026308.661,265390,4553,505,631Form
9Beck, ChristopheCHAIRMAN & CEODirectSell2252026307.3720,0006,147,36227,907,213Form
10Alfano, Nicholas JEVP & PRES - GLOBAL WATERDirectSell2182026303.589,5012,884,3141,433,395Form
11Reich, VictoriaDirectSell2172026301.081,000301,0807,579,897Form
12Bradway, Jennifer JSVP & CORPORATE CONTROLLERDirectSell2172026302.01613185,1321,421,368Form
13MacLennan, DavidDirectBuy12082025257.60750193,1985,933,768Form
14De, Boo Alexander AEVP & PRES - GLOBAL MARKETSDirectSell11252025268.251,422381,4521,535,893Form
15Beck, ChristopheCHAIRMAN & CEODirectSell11132025261.4121,7145,676,23318,989,882Form
16Vautrinot, Suzanne MDirectSell8192025283.161,354383,4013,171,188Form
17MacLennan, DavidDirectBuy8152025278.51600167,1085,640,860Form
18Bradway, Jennifer JSVP & CORPORATE CONTROLLERDirectSell8152025279.28807225,3791,208,151Form

Investor Activity (13F)

Updated Jul 25, 2026
13F holdings as of Mar 31, 2026 (Q1 2026)

Active managers (13F portfolio over $250M, at least 3 holdings) with a position over $5M that is either over 10% of their portfolio or held in a concentrated book of 50 or fewer total positions. Index/ETF, sovereign, bank, community-bank and charitable/donor-advised filers are excluded.

Active ManagerValue% of PortfolioTotal PositionsQoQFiling
Mcdonald Capital Investors Inc/Ca$77.7 Mil5.3%21Hold13F
Dudley & Shanley, Inc.$27.9 Mil4.6%38Hold13F
Gates Foundation Trust$1.4 Bil4.4%22Hold13F
Mirova US LLC$311.2 Mil3.5%42TRIM -18.6%13F
Firetrail Investments PTY LTD$10.3 Mil3.5%28TRIM -11.0%13F
Mar Vista Investment Partners LLC$9.5 Mil1.0%35New13F
Active ManagerValue% of PortfolioTotal PositionsQoQFiling
Mar Vista Investment Partners LLC$9.5 Mil1.0%35New13F
Active ManagerValue% of PortfolioTotal PositionsQoQFiling
Mirova US LLC$311.2 Mil3.5%42TRIM -18.6%13F
Firetrail Investments PTY LTD$10.3 Mil3.5%28TRIM -11.0%13F
Active ManagerValue% of PortfolioTotal PositionsQoQFiling
Gates Foundation Trust$1.4 Bil4.4%22Hold13F
Mirova US LLC$311.2 Mil3.5%42TRIM -18.6%13F
Mcdonald Capital Investors Inc/Ca$77.7 Mil5.3%21Hold13F
Dudley & Shanley, Inc.$27.9 Mil4.6%38Hold13F
Firetrail Investments PTY LTD$10.3 Mil3.5%28TRIM -11.0%13F
Mar Vista Investment Partners LLC$9.5 Mil1.0%35New13F
Core Cache Last Updated: 7/24/2026