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ECOLAB INC. (ECL) financial health, profit and balance sheet · Scorvest

ECL · NYSE · United States · Soap, Detergents, Cleang Preparations, Perfumes, Cosmetics

ECOLAB INC.

Saint Paul, MN · Fiscal year ends in December · Figures in USD

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In shortECOLAB INC. is profitable, generates cash and carries moderate debt, with revenue growing (+2.2% last year).

Financial health

Strong

Built from five areas over the last five annual reports. Tap an area to see the figures behind it.

How is this score calculated? →

Profitability82

Operating marginShare of each sale left after running the business, before interest and tax.	17.0%	73/100
Net marginShare of each sale left as profit after every cost, interest and tax.	12.9%	72/100
Return on equityProfit earned on the money shareholders put in. Above 15% is strong.	22.4%	100/100
Return on invested capitalProfit earned on all the capital used (equity and debt). Above 10% usually means a real competitive edge.	12.5%	83/100

Weight in the score: 25%

Balance sheet53

Current ratioShort-term assets divided by short-term debts. Below 1 can mean tight cash.	1.08×	23/100
Debt / equityDebt compared with the shareholders' stake. Above 2 is heavily indebted.	0.84×	64/100
Net debt / EBITDAYears of operating profit needed to repay net debt. Below 2 is comfortable.	2.23×	51/100
Interest coverageHow many times operating profit covers interest. Below 2 is risky.	8.94×	71/100
Altman Z''Bankruptcy-risk model. Above 2.6 safe, below 1.1 distress.	3.24	55/100

Weight in the score: 25%

Cash generation81

Free cash flow marginCash left from each sale after investments. The money that can pay dividends or reduce debt.	11.8%	67/100
Free cash flow / net incomeHow much accounting profit turns into real cash. Near 1 or above is healthy.	0.92×	77/100
Years with positive free cash flow (last 5)	5 of 5	100/100

Weight in the score: 20%

Stability95
Profitable years (last 5) 5 of 5 100/100
Years of revenue decline (last 5) 0 of 5 100/100
Revenue growth volatility 3.9% 97/100
Operating margin volatility 3.0% 82/100
Weight in the score: 20%
Growth70
Revenue growth, 3-year average 4.3% 40/100
EPS growth, 3-year average 24.1% 100/100
Weight in the score: 10%

Profitable years (last 5)	5 of 5	100/100
Years of revenue decline (last 5)	0 of 5	100/100
Revenue growth volatility	3.9%	97/100
Operating margin volatility	3.0%	82/100

Revenue growth, 3-year average	4.3%	40/100
EPS growth, 3-year average	24.1%	100/100

Fiscal year 2025 · change vs prior year

Revenue: $16.1B; ▲ 2.2%
Net income: $2.1B; ▼ 1.7%
Free cash flow: $1.9B; ▲ 4.7%
Operating margin: 17.0%; −0.8 pts
Cash & investments: $646.2M; –
Total debt: $8.2B; ▲ 8.9%
Diluted EPS: $7.28; ▼ 1.2%
Return on equity: 22.4%; –

Trends

Annual figures as reported. Hover a bar or point for the exact value.

5 older years available with the 10-year history. Essential plan, from €8.25/month →

Revenue and net income

RevenueNet income

Margins

Statements

The last 5 fiscal years from the company's annual reports.

USD millions; negative values in parentheses.

Fiscal year	FY21	FY22	FY23	FY24	FY25
Revenue	12,733	14,188	15,320	15,741	16,081
Cost of revenue	7,616	8,831	9,155	8,900	8,931
Gross profit	5,117	5,357	6,165	6,842	7,150
Research & development	186	190	192	207	202
Selling, general & admin	3,416	3,654	4,062	4,228	4,258
Operating income	1,599	1,563	1,992	2,802	2,738
Interest expense	231	252	349	340	306
Pre-tax income	1,414	1,343	1,756	2,571	2,548
Income tax	270	235	363	439	455
Net income	1,130	1,092	1,372	2,112	2,076
Diluted EPS	$3.91	$3.81	$4.79	$7.37	$7.28
Diluted shares (millions)	289	287	287	287	285

5 older years available with the 10-year history. Essential plan, from €8.25/month →

Quarterly results

The last 8 reported quarters (10-Q and 10-K filings), in USD millions. The fourth quarter is derived from the annual report.

The last 8 quarters of ECOLAB INC. are included in the Investor plan. Try free for 7 days →

Risk checks

Altman Z'' score

3.24 Safe zone

Estimates bankruptcy risk from working capital, retained earnings, operating profit and equity. Above 2.6 is considered safe, below 1.1 signals distress.

Piotroski F-score

6/9

Nine yes-or-no tests on profitability, debt, liquidity and efficiency versus the prior year. 7 to 9 is strong, 0 to 3 is weak.

Positive net income: passed
Positive operating cash flow: passed
Return on assets improved: failed
Cash flow exceeds net income: passed
Long-term debt ratio fell: passed
Current ratio improved: failed
No share dilution: passed
Gross margin improved: passed
Asset turnover improved: failed

Sources

10-QPeriod ending Jun 30, 2026Filed Aug 6, 2026Open the report ↗
10-QPeriod ending Mar 31, 2026Filed May 7, 2026Open the report ↗
10-KPeriod ending Dec 31, 2025Filed Feb 23, 2026Open the report ↗
10-QPeriod ending Sep 30, 2025Filed Oct 30, 2025Open the report ↗
10-QPeriod ending Jun 30, 2025Filed Aug 7, 2025Open the report ↗
10-QPeriod ending Mar 31, 2025Filed May 8, 2025Open the report ↗
10-KPeriod ending Dec 31, 2024Filed Feb 21, 2025Open the report ↗
10-QPeriod ending Sep 30, 2024Filed Oct 31, 2024Open the report ↗