Ecolab

Materials Specialty Chemicals Saint Paul, Minnesota Last filing Feb 23, 2026 · FY2025

                    Revenue
                    FY2025
                
$16.1B
                    3y CAGR +4.3%
                    
                    P88
                    
                    +2.2%
                    
                    Net income
                    FY2025
                
$2.1B
                    Net margin +12.9%
                    
                    P77
                    
                    -1.7%
                    
                    Total assets
                    FY2025
                
$24.7B
                    ROA +8.4%
                    
                    P88
                    
                    +10.3%
                    
                    Operating cash flow
                    FY2025
                
$3.0B
                    FCF margin +11.8%
                    
                    P77
                    
                    +4.9%

19 yrs · FY2007–FY2025 9 filed · 0 derived · 0 blank

1Y 3Y 5Y 10Y

Dollars % of revenue % of assets YoY % CAGR

Year-over-year change per cell; first column has no prior.

Balance Sheet

Assets, liabilities, and equity

32 accounts · 5 years

Total assets $24.7B

Total liabilities $14.9B

Shareholders equity $9.8B

Account	2025	2024	2023	2022	2021
Assets
Cash and Cash Equivalents	-48.6%	+36.7%	+53.6%	+66.3%	—
Accounts Receivable	+13.4%	+1.1%	+5.0%	+8.9%	—
Inventory	+1.7%	-2.2%	-16.5%	+20.2%	—
Prepaid Expenses	+5.4%	+5.2%	+16.1%	+2.2%	—
Other Current Assets	+29.7%	+11.6%	-2.8%	+13.4%	—
Total Current Assets	-1.2%	+6.8%	+2.7%	+17.2%	—
Property,Plant and Equipment	+14.0%	+8.0%	+5.5%	+0.1%	—
Operating Lease Assets	+5.9%	+30.7%	+23.5%	+13.0%	—
Goodwill	+16.7%	-3.0%	+1.7%	-0.6%	—
Intangible Assets	+11.5%	-5.3%	-5.1%	-12.9%	—
Deferred Tax Assets	+16.4%	+30.3%	+10.4%	-10.4%	—
Other Noncurrent Assets	+16.8%	+25.8%	-0.4%	-2.0%	—
Total Assets	+10.3%	+2.5%	+1.8%	+1.2%	—
Liabilities
Accounts Payable	+14.4%	+15.6%	-9.4%	+24.9%	—
Accrued Liabilities	+14.9%	+13.3%	+3.8%	+12.4%	—
Current Portion of Long Term Debt	+41.4%	-2.3%	+24.8%	+22.9%	—
Operating Lease Liabilities	+15.7%	+12.8%	+16.4%	-5.9%	—
Other Current Liabilities	+14.9%	+13.3%	+3.8%	+12.4%	—
Total Current Liabilities	+15.5%	+10.3%	+3.2%	+18.5%	—
Long Term Debt	+6.0%	-8.0%	-6.5%	-3.3%	—
Operating Lease Liabilities Noncurrent	+15.7%	+12.8%	+16.4%	-5.9%	—
Deferred Tax Liabilities	+17.8%	-33.0%	-17.3%	-18.7%	—
Other Noncurrent Liabilities	+41.6%	-4.1%	-6.0%	+59.9%	—
Total Liabilities	+9.5%	-1.3%	-3.0%	+1.8%	—
Equity
Common Stock	+0.4%	+0.6%	+0.3%	+0.2%	—
Additional Paid In Capital	+5.1%	+5.8%	+2.8%	+1.8%	—
Retained Earnings	+11.4%	+14.3%	+8.1%	+5.7%	—
Treasury Stock	+9.3%	+13.6%	+0.2%	+7.6%	—
Accumulated Other Comprehensive Income	+5.4%	-7.1%	-7.2%	-5.6%	—
Noncontrolling Interest	+5.6%	+16.0%	+22.2%	-22.1%	—
Total Stockholders Equity	+11.6%	+8.9%	+11.2%	+0.2%	—
Total Liabilitiesand Equity	+10.3%	+2.5%	+1.8%	+1.2%	—

Income Statement

Revenue, expense, and profitability

18 accounts · 5 years

Revenue $16.1B

Operating income $2.7B

Net income $2.1B

Account	2025	2024	2023	2022	2021
IncomeStatement
Revenues Total Revenue	+2.2%	+2.7%	+8.0%	+11.4%	—
Expenses Cost of Revenue	+0.3%	-2.8%	+3.7%	+16.0%	—
Expenses Research and Development	-2.4%	+7.8%	+1.1%	+2.2%	—
Expenses Selling,General and Administrative	+0.7%	+4.1%	+11.2%	+7.0%	—
Expenses Depreciation and Amortization	+1.0%	-2.0%	-4.1%	+33.9%	—
Expenses Share Based Compensation	+1.3%	+41.7%	+8.3%	-1.9%	—
Other Income Expense Operating Income	-2.3%	+40.7%	+27.5%	-2.3%	—
Other Income Expense Interest Income	+12.6%	+10.7%	+514.1%	-30.9%	—
Other Income Expense Interest Expense	-10.0%	-2.5%	+38.4%	+9.3%	—
Other Income Expense Other Income/expense	+0.2%	-14.4%	+144.5%	-27.7%	—
Other Income Expense Income Before Tax	-0.9%	+46.5%	+30.7%	-5.0%	—
Income Tax Income Tax Expense	+3.5%	+21.2%	+54.6%	-13.2%	—
net Income net Income	-1.7%	+53.9%	+25.7%	-3.4%	—
net Income Comprehensive Income	+10.2%	+58.7%	+24.9%	-32.9%	—
Earnings Per Share Basic Eps	-1.3%	+54.1%	+25.8%	-3.0%	—
Earnings Per Share Diluted Eps	-1.2%	+53.9%	+25.7%	-2.6%	—
Earnings Per Share Weighted Average Shares Basic	-0.4%	-0.2%	-0.1%	-0.4%	—
Earnings Per Share Weighted Average Shares Diluted	-0.5%	+0.0%	-0.0%	-0.9%	—

Cash Flow Statement

Operating, investing, and financing flows

20 accounts · 5 years

Operating cash flow $3.0B

Investing cash flow $-2.7B

Financing cash flow $-853.3M

Account	2025	2024	2023	2022	2021
CashFlow
Operating Activities net Income	-1.7%	+53.9%	+25.7%	-3.4%	—
Operating Activities Depreciation and Amortization	+5.9%	+3.0%	-0.3%	+2.3%	—
Operating Activities Stock Based Compensation	+1.3%	+41.7%	+8.3%	-1.9%	—
Operating Activities Deferred Income Taxes	+80.4%	-235.0%	+61.4%	-15744.4%	—
Operating Activities Changes In Operating Assets and Liabilities	-61.4%	+220.1%	-141.9%	+147.4%	—
Operating Activities Other Non Cash Items	-227.8%	+87.4%	-73.6%	+128.2%	—
Operating Activities net Cash From Operating Activities	+4.9%	+16.7%	+34.9%	-13.3%	—
Investing Activities Capital Expenditures	+5.4%	+28.4%	+8.7%	+10.9%	—
Investing Activities Other Investing Activities	+173.7%	-39.4%	+4620.0%	-104.0%	—
Investing Activities net Cash From Investing Activities	-524.1%	+56.2%	-38.2%	+84.3%	—
Financing Activities Proceeds From Debt	—	—	—	-82.2%	—
Financing Activities Repayment of Debt	+6.9%	+26.1%	—	—	—
Financing Activities Repurchase of Common Stock	-20.5%	+7100.7%	-97.4%	+386.1%	—
Financing Activities Dividends Paid	+13.0%	+9.0%	+3.6%	+5.6%	—
Financing Activities Proceeds From Stock Issuance	-12.0%	+168.0%	+232.6%	-79.7%	—
Financing Activities Other Financing Activities	-280.6%	-9.1%	+53.5%	+51.0%	—
Financing Activities net Cash From Financing Activities	+57.8%	-91.9%	-26.0%	-152.2%	—
Cash Reconciliation Effect of Exchange Rate On Cash	+85.6%	+59.1%	-1138.6%	-69.2%	—
Cash Reconciliation Cash At Beginning of Period	-48.6%	+36.7%	+53.6%	+66.3%	—
Cash Reconciliation Cash At End of Period	-48.6%	+36.7%	+53.6%	+66.3%	—

Key Ratios

Margins, returns, liquidity, leverage, efficiency

Computed at import · 5 years

Ratio	2025	2024	2023	2022	2021
Profitability
Gross margin	+44.5%	+43.5%	+40.2%	+37.8%	+40.2%
Operating margin	+17.0%	+17.8%	+13.0%	+11.0%	+12.6%
Net margin	+12.9%	+13.4%	+9.0%	+7.7%	+8.9%
FCF margin	+11.8%	+11.6%	+10.7%	+7.6%	+11.1%
Growth
Revenue CAGR (3y)	+4.3%	+7.3%	+9.1%	+4.1%	+1.4%
Returns
ROE	+21.2%	+24.1%	+17.1%	+15.1%	+15.6%
ROA	+8.4%	+9.4%	+6.3%	+5.1%	+5.3%
ROIC	+13.0%	+15.4%	+10.3%	+8.5%	+8.3%
Liquidity
Current ratio	1.08x	1.26x	1.30x	1.30x	1.32x
Quick ratio	0.70x	0.86x	0.86x	0.78x	0.80x
Leverage
D/E	1.52x	1.55x	1.71x	1.96x	1.93x
Interest coverage	8.94x	8.24x	5.71x	6.20x	6.93x
Efficiency
Asset turnover	0.65x	0.70x	0.70x	0.66x	0.60x
Cash conversion cycle	+50d	+52d	+65d	+72d	+76d

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