ECLEcolab

Materials · Household Products · NYSE

Ecolab was incorporated as a Delaware corporation in 1924. 10-K, Item 1

Employees: 48,000
Headquarters: Saint Paul, MN
CEO: Christophe Beck
Next results: around Feb 9, 2027

RevenueFY2016–25 $16.1B+2.2% Highest in 10 years 10-K FY2025 · XBRL Net incomeFY2016–25 $2.1B−1.7% FY2024: $2.1B 10-K FY2025 · XBRL Free cash flowFY2016–25 $1.9B+4.7% Highest in 10 years 10-K FY2025 · XBRL Operating marginFY2016–25 17.0%−0.8 pts 14.2% in FY2016 10-K FY2025 · XBRL

What changed

10-K filed Feb 23, 2026 against Feb 21, 2025

Area	What changed	Source
Risk factors	2 new paragraphs, nothing like them in the previous 10-K	10-K Item 1A
Receivables growing faster than revenue	Receivables +13.4% vs revenue +2.2% (+11.3 pts)	10-K · XBRL
Critical audit matters changed	New this year: Valuation of Projected Benefit Obligation - U.S. Qualified Pension Plan (“As described in Note 16 to the consolidated financial statements, the Company’s projected benefit obligations for the U.S. pension plans was $1,818 million as of December 31, 2025, of which $1,738 million related to the U.S. qualified pension plan. The measurement of the Company’s pension benefit ob”). No longer listed: Valuation of Certain U.S. Defined Benefit Pension Plan Obligations	10-K · XBRL
Accounting checks	9 other checks clear, 2 worth a look	10-K · XBRL
Insiders	2 open-market buys in the last 90 days	Form 4
Filings	2 in the last 30 days	EDGAR

Each row opens the detail with the quote and the filing. A row is a change worth reading, not a verdict.

What's new, in their words

10-K filed Feb 23, 2026

Paragraphs in Risk Factors that were not in the 10-K filed 2025-02-21. Quoted as filed.

Notwithstanding our emphasis on safety and the precautions we take related to health and safety, we may be unable to avoid safety incidents relating to our operations that result in injuries or deaths of our employees, contractors or others. Certain safety incidents may result in legal or regulatory action that could result in increased…
10-K, Item 1A

All 2 new paragraphs →

Accounting checks

latest 10-K

9 of 11 clear 2 worth a look. Checks, not verdicts.

!
Receivables growing faster than revenueReceivables +13.4% vs revenue +2.2% (+11.3 pts)
!
Critical audit matters changedNew this year: Valuation of Projected Benefit Obligation - U.S. Qualified Pension Plan (“As described in Note 16 to the consolidated financial statements, the Company’s projected benefit obligations for the U.S. pension plans was $1,818 million as of December 31, 2025, of which $1,738 million related to the U.S. qualified pension plan. The measurement of the Company’s pension benefit ob”). No longer listed: Valuation of Certain U.S. Defined Benefit Pension Plan Obligations
✓
Cash from operations $3.0B vs net income $2.1B (FY ending 2025-12-31)
✓
Inventory +1.7% vs revenue +2.2% (-0.4 pts)
✓
Same auditor in both 10-Ks: PricewaterhouseCoopers LLP
✓
No statement of substantial doubt about going concern
✓
No 8-K item 4.02 in the last 2 years
✓
No NT 10-K or NT 10-Q in the last 2 years
✓
No sentence in the 10-K concludes that controls were not effective because of a material weakness
✓
No 8-K item 2.06 in the last 2 years
✓
No 8-K item 1.03 in the last 2 years

How each check works, with sources →

In the last 30 days

All filings →

Oct 29, 202610-Q Quarterly report (10-Q) period ended Sep 30, 2026
Oct 27, 20268-K Quarterly results 8-K item 2.02

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