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Ecolab (ECL): financials, SEC filings and peers

Ecolab (ECL) is a specialty chemicals company in the Materials sector of the S&P 500, headquartered in Saint Paul, Minnesota.

It was founded in 1923 and joined the S&P 500 on January 31, 1989.

Its fiscal year ends in December, and its shares trade on the NYSE.

In its SEC filings it is classified as “Soap, Detergents, Cleang Preparations, Perfumes, Cosmetics”.

Ecolab at a glance

Revenue (12 months)
$17.4B
Revenue growth
+9.3%
Operating margin
16.7%
Net income (12 months)
$2.1B
Free cash flow (12 months)
$1.8B
Cash
$722M
Debt
$13.2B
Diluted EPS (12 months)
$7.35

Twelve months to September 30, 2026, from the 10-Q filed October 29, 2026.

Latest twelve months

Over the twelve months to September 30, 2026, Ecolab reported revenue of $17.4 billion, up 9.3% from a year earlier.

Its operating margin was 16.7%: for every $100 of sales, about $17 was left as operating profit.

Net income was $2.1 billion (12.0% of revenue), 4.9% higher than a year earlier.

Operating cash flow was $3.0 billion and capital spending $1.2 billion, leaving free cash flow of $1.8 billion (10.3% of revenue).

At the end of the period it held $722 million in cash and $13.2 billion in debt, a net debt position of $12.5 billion.

The diluted share count fell 1.2% in a year, typically the result of buybacks.

Five-year trend

  • Revenue went from $11.8 billion in fiscal 2020 to $16.1 billion in fiscal 2025, about 6.4% a year.
  • Revenue has grown for 5 fiscal years in a row.
  • Operating margin widened from 11.8% to 17.0% over the same years.
  • Free cash flow was positive in each of the last 6 fiscal years.
  • Ecolab reported a net loss in 1 of the last 6 fiscal years.
Fiscal year20212022202320242025
Revenue$12.7B$14.2B$15.3B$15.7B$16.1B
Revenue growth8.0%11.4%8.0%2.7%2.2%
Operating margin12.6%11.0%13.0%17.8%17.0%
Net income$1.1B$1.1B$1.4B$2.1B$2.1B
Free cash flow$1.4B$1.1B$1.6B$1.8B$1.9B
Diluted EPS$3.91$3.81$4.79$7.37$7.28

Fiscal years as reported in Ecolab’s 10-K filings. Free cash flow is operating cash flow minus capital spending.

Recent SEC filings

  • 10-Q filed October 29, 2026 — quarterly report
  • 8-K filed October 27, 2026 — Earnings results
  • 10-Q filed August 6, 2026 — quarterly report
  • 8-K filed July 28, 2026 — Earnings results
  • 8-K filed May 29, 2026 — Other event
  • 8-K filed May 11, 2026 — Executive or director change; Shareholder vote results
  • 10-Q filed May 7, 2026 — quarterly report
  • 8-K filed April 28, 2026 — Earnings results

All Ecolab filings on SEC EDGAR

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Questions about Ecolab

Is Ecolab's revenue growing?

Yes. Revenue for the twelve months to September 30, 2026 was $17.4 billion, up 9.3% from a year earlier, according to its SEC filings.

Is Ecolab profitable?

Yes. It earned $2.1 billion in net income over the twelve months to September 30, 2026, a net margin of 12.0%.

Does Ecolab have more cash or more debt?

At September 30, 2026 it had $722 million in cash and $13.2 billion in debt, so more debt than cash.

When did Ecolab last file financial results?

Its latest quarterly report (10-Q) was filed with the SEC on October 29, 2026.

Which companies are similar to Ecolab?

In the S&P 500, Ecolab is grouped in Specialty Chemicals within the Materials sector. Albemarle Corporation (ALB), International Flavors & Fragrances (IFF), LyondellBasell (LYB), PPG Industries (PPG), Sherwin-Williams (SHW) are in the same group.

Understand the numbers

Source: Ecolab’s filings with the U.S. Securities and Exchange Commission (EDGAR), retrieved November 11, 2026. Figures are as reported by the company and may be restated. This page is for information only and is not financial advice.