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Materials · S&P 500 · data as of 2026-10-05

ECL stock analysis: Ecolab

Ecolab (ECL) is an S&P 500 company in Specialty Chemicals. It grades weakest on value.

The model's view of ECL · subscribers

Where ECL ranks among the 1,500 U.S. stocks the model scores each trading day, its expected return, the evidence for and against it, and whether the model portfolio holds it. The grades below describe the company's data; they are not the model's view.

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What's happening with ECL · updated 2026-10-05 · from prices and SEC filings

ECL price performance

ECL against the S&P 500, one year
-10%+0%+10%+20%S&P 500 +18%ECL +3%2025-09-292026-10-05
Year to date+6.4%S&P 500 +14.5% · behind by 8.1 pts
1 year+1.3%S&P 500 +17.0% · behind by 15.8 pts
3 years+69.7%S&P 500 +89.3% · behind by 19.6 pts
5 years+36.7%S&P 500 +91.3% · behind by 54.6 pts

Total returns with dividends reinvested.

ECL factor grades

Each grade compares ECL with the rest of its sector (A+ best, F worst); the numbers behind it are shown with the typical figure for its peers.

DValueP/E 37.2x (industry 37.2x)FCF yield 2.4% (industry 4.7%)
CGrowthRevenue growth +7% (industry +6%)EPS growth -1% (industry +4%)
B+ProfitabilityOperating margin 16.9% (industry 5.9%)ROIC 37.4% (industry 6.1%)
B-Momentum12-month change +1%From 52-wk high -9%

ECL in plain numbers

ECL key statistics

SectorMaterials
IndustrySpecialty Chemicals
IndexS&P 500
Market value$77.7B
Revenue growth (y/y)+7%
Free-cash-flow yield2.4%
Dividend yield1.1%
Next earnings (expected)2026-10-27
Valuation measures
Market value$77.7B
Enterprise value$73.8B
P/E (trailing)37.2x
Forward P/E (Torvanta estimate)36.1x
PEG (Torvanta estimate)12.13
Price / sales4.6x
Price / book7.7x
EV / revenue4.4x
EV / EBITDA25.9x
Financial highlights
Revenue, last 12 months$16.8B
Net income, last 12 months$2.1B
EPS, last 12 months (GAAP)$7.45
Gross margin44.1%
Operating margin16.9%
Net margin12.6%
Return on equity21.8%
Return on invested capital37.4%
Cash$5.1B
Total debt$1.3B
Debt / equity0.13x
Free cash flow, last 12 months$1.9B
Interest cover8.6x
Current ratio1.84x

Company figures from its latest SEC filings; market value and returns from end-of-day prices.

ECL earnings trends

Revenue vs earnings
$0$1.1B$2.2B$3.3B$4.4BSep 2024 Revenue: $4.0BDec 2024 Revenue: $4.0BMar 2025 Revenue: $3.7BJun 2025 Revenue: $4.0BSep 2025 Revenue: $4.2BDec 2025 Revenue: $4.2BMar 2026 Revenue: $4.1BJun 2026 Revenue: $4.4BSep 2024 Net income: $736.5MDec 2024 Net income: $472.9MMar 2025 Net income: $402.5MJun 2025 Net income: $524.2MSep 2025 Net income: $585.0MDec 2025 Net income: $563.9MMar 2026 Net income: $432.6MJun 2026 Net income: $534.9MSep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026Net margin: 18.4%Net margin: 11.8%Net margin: 10.9%Net margin: 13.0%Net margin: 14.0%Net margin: 13.4%Net margin: 10.6%Net margin: 12.1%0%9%18%■ Revenue ■ Net income ━ Net margin
Earnings per share$0.0$0.7$1.3$1.9$2.6Sep 2024 EPS (GAAP, diluted): $2.6Dec 2024 EPS (GAAP, diluted): $1.7Mar 2025 EPS (GAAP, diluted): $1.4Jun 2025 EPS (GAAP, diluted): $1.8Sep 2025 EPS (GAAP, diluted): $2.1Dec 2025 EPS (GAAP, diluted): $2.0Mar 2026 EPS (GAAP, diluted): $1.5Jun 2026 EPS (GAAP, diluted): $1.9Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026■ EPS (GAAP, diluted) Change from a year earlier: Sep 2025 -21% · Dec 2025 +19% · Mar 2026 +8% · Jun 2026 +3%

From the company's 10-Q and 10-K filings with the SEC.

Ecolab financials (from SEC filings)

Fiscal yearFY2021FY2022FY2023FY2024FY2025
Revenue$12.7B$14.2B$15.3B$15.7B$16.1B
Net income$1.1B$1.1B$1.4B$2.1B$2.1B
EPS (GAAP)$3.91$3.82$4.79$7.38$7.28
Free cash flow$1.4B$1.1B$1.6B$1.8B$1.9B

ECL earnings history

ReportedEPS (GAAP)EPS y/yRevenue y/yStock vs S&P 500, 2 days
2026-07-28$1.90+3%+10%+5.8%
2026-04-28$1.52+8%+10%-3.7%
2026-03-27$1.98+19%+5%+1.4%
2026-03-20$1.98+19%+5%+1.3%
2026-02-10$1.98+19%+5%+5.6%
2025-10-28$2.05-21%+4%-8.3%

About Ecolab

HeadquartersSaint Paul, MN
Industry (SEC code)Soap, Detergents, Cleang Preparations, Perfumes, Cosmetics
Fiscal year endsDecember 31
Incorporated inDE
Listed onNYSE
FormerlyECOLAB INC

From the company's SEC registration record.

Companies similar to ECL

CompanyMarket valueP/ERevenue growthOperating margin12-month change
ECL Ecolab$77.7B37.2x+7%16.9%+1%
SHW Sherwin-Williams$77.3B29.4x+6%n/a-7%compare
PPG PPG Industries$23.5B15.0x+6%n/a+3%compare
IFF Intl Flavors & Fragrances$21.2B73.0x-12%7.6%+37%compare
LYB LyondellBasell$19.1Bn/a-11%3.1%+27%
ALB Albemarle$12.3Bn/a+18%4.3%+20%

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Frequently asked questions

Is ECL stock a buy?

Torvanta does not tell individuals what to buy. Its grades for ECL are shown above. Subscribers see the model's rank, expected return and whether the model portfolio holds it. This is research, not a recommendation.

What is ECL's P/E ratio?

ECL trades at about 37.2 times its last 12 months of GAAP earnings reported to the SEC, and about 36.1 times Torvanta's own estimate of the next 12 months.

When does ECL report earnings next?

Based on its filing history, Torvanta expects Ecolab to report around 2026-10-27.

Does ECL pay a dividend?

Yes. Its dividend yield is about 1.1%, and it has raised its dividend 30 years in a row.

How has ECL performed against the S&P 500?

Over the past year ECL returned +1.3%, against +17.0% for the S&P 500, dividends reinvested.

See the model's view

Subscribers get the model's rank and expected return for every covered company, the reasoning behind each, and the Torvanta model portfolio's trades each trading day, sized and explained, at three risk levels.

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Torvanta is research only - not investment advice and not a recommendation to buy or sell any security. Grades describe a company's reported data against its sector; they are not the model's view, change as data changes and can be wrong. Financial figures come from the company's SEC filings; returns include reinvested dividends. Past performance does not predict future results.

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