Ecolab Inc.
ECLFinancial Snapshot
ticker: ECL step: 04 generated: 2026-05-12 source: quick-research
Ecolab Inc. (ECL) — Financial Snapshot
Income Statement Summary
| Metric | FY2022 | FY2023 | FY2024 | YoY |
|---|---|---|---|---|
| Revenue | ~$14.19B | $15.32B | $15.74B | +3% |
| Gross Margin | ~42% | ~43% | ~44.4% | +1.4pp |
| Operating Margin | ~14% | ~16% | ~18.4% | +2.4pp |
| Net Income | ~$0.98B | ~$1.37B | $2.11B | +54% |
| EPS (diluted) | $3.81 | $4.79 | $7.37 | +54% |
Note: FY2024 EPS growth of 54% reflects both operating leverage and the FY2022–2023 period when raw material cost headwinds compressed margins. FY2025 revenue was $16.08B (+2.2%); FY2025 net margin was 12.9% with $1.9B FCF and 17.0% operating margin.
Cash Flow & Balance Sheet (FY2024/2025)
| Metric | Value |
|---|---|
| Operating Cash Flow | ~$2.5B |
| Free Cash Flow | ~$1.9B (FY2025) |
| Cash & Equivalents | ~$0.7B |
| Total Debt | ~$8.5B |
Key Ratios (approximate)
- P/E: ~38x (FY2024 trailing) | EV/EBITDA: ~28x | FCF Yield: ~2.3%
- Revenue Growth (FY2024): +3% | FCF Margin: ~12%
- Dividend Yield: ~1.0% (Dividend Aristocrat; 30+ consecutive years of increases)
Growth Profile
Ecolab's organic revenue growth consistently runs at 4–7% per year, driven by pricing power (~3–4% annual price increases), volume growth from market share gains, and mix shift toward higher-margin segments (data centers, life sciences, digital services). The 2022–2023 period saw margin compression from commodity and supply chain inflation that is now fully recovered; FY2024's 54% EPS growth reflects this normalization plus structural margin expansion from the "One Ecolab" efficiency initiative (annualized savings target raised to $325M). Management targets 100–150 bps of annual EBIT margin expansion from 2027–2030, targeting 20%+ EBIT margins.
Forward Estimates
- FY2025E Adj. EPS: $7.42–$7.62 (+12–15% YoY; company guidance)
- FY2026E Revenue: ~$16.6–17.0B (consensus, ~3–5% organic growth)
- FY2026E EPS: ~$8.30–8.60 (continued mid-teens adj. EPS growth)
- Long-term EBIT margin target: 20%+ (vs. ~18% in FY2024)
Deeper Financial Analysis
The fundamental tier adds 9 additional research dimensions for $ECL.