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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

Compare with peers → Embed

ECL and 9 peers, year by year

The 9 Materials companies closest to ECL in revenue over the last twelve months. Every number is from the 10-K and links to it in SEC's Inline XBRL viewer.

5 years 10 years Download CSV

Choose the peers

Each company's latest fiscal year
Company	Year	Revenue	Sales growth	Gross margin	Operating margin	Net margin	FCF margin	Return on equity	Debt / equity
ECL Ecolab	FY2025	$16.1B	+2.2%	-	17.0%	12.9%	11.8%	21.2%	0.84
PPG PPG Industries	FY2025	$15.9B	+0.2%	-	-	9.9%	7.3%	19.8%	0.92
BALL Ball Corporation	FY2025	$13.2B	+11.6%	-	-	6.9%	6.0%	16.8%	1.29
APD Air Products	FY2025	$12.0B	−0.5%	-	−7.3%	−3.3%	−31.3%	−2.6%	1.18
STLD Steel Dynamics	FY2025	$18.2B	+3.6%	13.2%	8.1%	6.5%	2.8%	13.2%	0.47
MOS Mosaic	FY2025	$12.1B	+8.4%	15.8%	6.8%	4.5%	−4.4%	4.5%	0.42
AMCR Amcor	FY2026	$23.5B	+56.6%	20.0%	8.1%	4.7%	5.2%	9.4%	1.19
IFF International Flavors & Fragrances	FY2025	$10.9B	−5.2%	36.2%	−3.5%	−3.3%	2.4%	−2.6%	0.42
IP International Paper	FY2025	$23.6B	+49.3%	-	-	−14.9%	−0.7%	−23.7%	0.66
SHW Sherwin-Williams	FY2025	$23.6B	+2.1%	48.8%	-	10.9%	11.3%	55.9%	2.36

Revenuepeer median $15.9B

Sales growthpeer median +3.6%

Gross marginpeer median 20.0%

SHW 48.8%
IFF 36.2%
AMCR 20.0%
MOS 15.8%
STLD 13.2%
ECL -
PPG -
BALL -
APD -
IP -

Operating marginpeer median 6.8%

ECL 17.0%
STLD 8.1%
AMCR 8.1%
MOS 6.8%
IFF −3.5%
APD −7.3%
PPG -
BALL -
IP -
SHW -

Net marginpeer median 4.7%

FCF marginpeer median 2.8%

Return on equitypeer median 9.4%

Debt / equitypeer median 0.92

SHW 2.36
BALL 1.29
AMCR 1.19
APD 1.18
PPG 0.92
ECL 0.84
IP 0.66
STLD 0.47
IFF 0.42
MOS 0.42

RevenueSales growthGross marginOperating marginNet marginFree cash flowFCF marginReturn on equityDebt / equityEPS (diluted)

Revenue, FY2016 to FY2025

Revenue as reported in the 10-K.

Company	FY2016	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025
ECL Dec	$13.2B	$13.8B	$12.2B	$12.6B	$11.8B	$12.7B	$14.2B	$15.3B	$15.7B	$16.1B
PPG Dec	$14.3B	$14.7B	$15.4B	$15.1B	$13.8B	$16.8B	$15.6B	$16.2B	$15.8B	$15.9B
BALL Dec	$9.1B	$11.0B	$11.6B	$11.5B	$11.8B	$13.8B	$15.3B	$14.0B	$11.8B	$13.2B
APD Sep	$7.5B	$8.2B	$8.9B	$8.9B	$8.9B	$10.3B	$12.7B	$12.6B	$12.1B	$12.0B
STLD Dec	$7.8B	$9.5B	$11.8B	$10.5B	$9.6B	$18.4B	$22.3B	$18.8B	$17.5B	$18.2B
MOS Dec	-	-	$9.6B	$8.9B	$8.7B	$12.4B	$19.1B	$13.7B	$11.1B	$12.1B
AMCR Jun	-	$9.1B	$9.3B	$9.5B	$12.5B	$12.9B	$14.5B	$14.7B	$13.6B	$15.0B
IFF Dec	$3.1B	$3.4B	$4.0B	$5.1B	$5.1B	$11.7B	$12.4B	$11.5B	$11.5B	$10.9B
IP Dec	$19.5B	$21.7B	$23.3B	$18.3B	$17.6B	$19.4B	$21.2B	$16.0B	$15.8B	$23.6B
SHW Dec	$11.9B	$15.0B	$17.5B	$17.9B	$18.4B	$19.9B	$22.1B	$23.1B	$23.1B	$23.6B
Peer median	$9.1B	$10.3B	$11.6B	$10.5B	$11.8B	$13.8B	$15.6B	$14.7B	$13.6B	$15.0B

Sales growth, FY2016 to FY2025

Revenue against the fiscal year before.

Company	FY2016	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025
ECL Dec	−2.9%	+5.2%	+6.0%	+2.8%	−6.1%	+8.0%	+11.4%	+8.0%	+2.7%	+2.2%
PPG Dec	+0.2%	+3.3%	+4.2%	−1.5%	−8.7%	+21.5%	+5.1%	+4.0%	−2.4%	+0.2%
BALL Dec	+13.3%	+21.2%	+5.9%	−1.4%	+2.7%	+17.2%	+11.1%	−9.8%	−2.2%	+11.6%
APD Sep	−4.1%	+9.1%	+9.1%	−0.1%	−0.7%	+16.6%	+23.0%	−0.8%	−4.0%	−0.5%
STLD Dec	+2.4%	+23.1%	+26.0%	−11.4%	−8.3%	+91.7%	+20.9%	−15.6%	−6.7%	+3.6%
MOS Dec	-	-	-	−7.1%	−2.5%	+42.3%	+54.8%	−28.4%	−18.8%	+8.4%
AMCR Jun	-	-	+2.4%	+1.5%	+31.8%	+3.2%	+13.1%	+1.0%	−7.2%	+10.0%
IFF Dec	-	+9.1%	+17.0%	+29.2%	−1.1%	+129%	+6.7%	−7.7%	0.0%	−5.2%
IP Dec	−5.7%	+11.5%	+7.2%	−4.0%	−4.1%	+10.2%	+9.3%	−10.6%	−1.2%	+49.3%
SHW Dec	+4.6%	+26.4%	+17.0%	+2.1%	+2.6%	+8.6%	+11.1%	+4.1%	+0.2%	+2.1%
Peer median	+1.3%	+11.5%	+8.1%	−1.4%	−1.1%	+17.2%	+11.1%	−7.7%	−2.4%	+3.6%

Gross margin, FY2016 to FY2025

Gross profit / revenue.

Company	FY2016	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025
ECL Dec	-	-	-	-	-	-	-	-	-	-
PPG Dec	-	-	-	-	-	-	-	-	-	-
BALL Dec	15.7%	16.0%	15.5%	15.5%	-	-	-	-	-	-
APD Sep	31.0%	29.8%	30.7%	32.7%	33.9%	-	-	-	-	-
STLD Dec	17.2%	16.6%	19.6%	14.6%	14.9%	29.1%	27.5%	21.5%	16.0%	13.2%
MOS Dec	-	-	15.6%	10.1%	12.3%	25.9%	30.1%	16.1%	13.6%	15.8%
AMCR Jun	-	21.0%	19.9%	19.0%	20.3%	21.2%	19.4%	18.5%	19.9%	18.9%
IFF Dec	44.8%	43.3%	42.3%	41.1%	41.0%	32.0%	33.4%	32.1%	35.9%	36.2%
IP Dec	-	-	-	-	-	-	-	-	-	-
SHW Dec	49.9%	44.8%	42.3%	44.9%	47.3%	42.8%	42.1%	46.7%	48.5%	48.8%
Peer median	31.0%	25.4%	19.9%	19.0%	27.1%	29.1%	30.1%	21.5%	19.9%	18.9%

Operating margin, FY2016 to FY2025

Operating income / revenue.

Company	FY2016	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025
ECL Dec	14.2%	14.1%	14.1%	14.7%	11.8%	12.6%	11.0%	13.0%	17.8%	17.0%
PPG Dec	16.7%	15.5%	13.8%	15.0%	15.2%	12.9%	13.1%	16.5%	-	-
BALL Dec	5.1%	7.3%	8.0%	8.1%	8.5%	9.3%	7.9%	9.1%	-	-
APD Sep	20.5%	17.6%	22.0%	24.0%	25.3%	22.1%	18.4%	19.8%	36.9%	−7.3%
STLD Dec	9.4%	11.2%	14.6%	9.4%	8.8%	23.4%	22.9%	16.8%	11.1%	8.1%
MOS Dec	-	-	9.7%	−12.3%	4.8%	20.0%	25.0%	9.8%	5.6%	6.8%
AMCR Jun	-	10.1%	10.7%	8.4%	8.0%	10.3%	8.5%	10.3%	8.9%	6.7%
IFF Dec	17.7%	16.3%	14.7%	12.9%	11.1%	5.0%	−10.7%	−18.4%	6.7%	−3.5%
IP Dec	-	-	-	-	-	-	-	-	-	-
SHW Dec	18.3%	14.9%	14.9%	15.7%	18.4%	15.5%	15.3%	18.1%	-	-
Peer median	17.2%	14.9%	14.2%	11.2%	10.0%	14.2%	14.2%	13.4%	8.9%	6.7%

Net margin, FY2016 to FY2025

Net income / revenue.

Company	FY2016	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025
ECL Dec	9.3%	10.9%	11.7%	12.4%	−10.2%	8.9%	7.7%	9.0%	13.4%	12.9%
PPG Dec	6.1%	10.8%	8.7%	8.2%	7.7%	8.6%	6.6%	7.8%	7.0%	9.9%
BALL Dec	2.9%	3.4%	3.9%	4.9%	5.0%	6.4%	4.7%	5.0%	34.0%	6.9%
APD Sep	8.4%	36.6%	16.8%	19.7%	21.3%	20.3%	17.8%	18.3%	31.6%	−3.3%
STLD Dec	4.9%	8.5%	10.6%	6.4%	5.7%	17.5%	17.4%	13.0%	8.8%	6.5%
MOS Dec	-	-	4.9%	−12.0%	7.7%	13.2%	18.7%	8.5%	1.6%	4.5%
AMCR Jun	-	6.2%	6.2%	4.5%	4.9%	7.3%	5.5%	7.1%	5.4%	3.4%
IFF Dec	13.0%	8.7%	8.5%	8.9%	7.1%	2.3%	−15.0%	−22.6%	2.3%	−3.3%
IP Dec	4.6%	9.9%	8.6%	6.7%	2.7%	9.0%	7.1%	1.8%	3.5%	−14.9%
SHW Dec	9.6%	11.5%	6.3%	8.6%	11.1%	9.3%	9.1%	10.4%	11.6%	10.9%
Peer median	6.1%	9.3%	8.5%	6.7%	7.1%	9.0%	7.1%	7.8%	7.0%	4.5%

Free cash flow, FY2016 to FY2025

Cash from operations minus capital spending.

Company	FY2016	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025
ECL Dec	$1.2B	$1.2B	$1.5B	$1.7B	$1.4B	$1.4B	$1.1B	$1.6B	$1.8B	$1.9B
PPG Dec	$971.0M	$1.2B	$1.1B	$1.7B	$1.8B	$1.2B	$477.0M	$1.9B	$699.0M	$1.2B
BALL Dec	−$413.0M	$922.0M	$750.0M	$950.0M	$319.0M	$34.0M	−$1.4B	$818.0M	−$369.0M	$788.0M
APD Sep	$1.4B	$1.5B	$978.8M	$980.2M	$755.7M	$871.0M	$244.1M	−$1.4B	−$3.1B	−$3.8B
STLD Dec	$654.6M	$574.5M	$1.2B	$944.3M	−$211.0M	$1.2B	$3.6B	$1.9B	−$23.5M	$501.5M
MOS Dec	$417.1M	$115.4M	$455.3M	−$176.8M	$412.0M	$898.4M	$2.7B	$1.0B	$47.4M	−$534.6M
AMCR Jun	-	$529.6M	$506.4M	$443.8M	$984.0M	$993.0M	$999.0M	$735.0M	$829.0M	$810.0M
IFF Dec	$423.7M	$261.8M	$267.5M	$463.0M	$522.0M	$1.0B	−$107.0M	$952.0M	$607.0M	$256.0M
IP Dec	$1.2B	$477.0M	$1.7B	$2.5B	$2.4B	$1.6B	$1.2B	$692.0M	$757.0M	−$159.0M
SHW Dec	$1.1B	$1.7B	$1.7B	$2.0B	$3.1B	$1.9B	$1.3B	$2.6B	$2.1B	$2.7B
Peer median	$812.8M	$574.5M	$978.8M	$950.0M	$755.7M	$1.0B	$999.0M	$952.0M	$607.0M	$501.5M

FCF margin, FY2016 to FY2025

Free cash flow / revenue.

Company	FY2016	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025
ECL Dec	9.0%	8.8%	12.3%	13.4%	11.6%	11.1%	7.6%	10.7%	11.6%	11.8%
PPG Dec	6.8%	8.2%	6.9%	11.0%	13.2%	7.1%	3.1%	11.7%	4.4%	7.3%
BALL Dec	−4.6%	8.4%	6.4%	8.3%	2.7%	0.2%	−8.8%	5.8%	−3.1%	6.0%
APD Sep	18.0%	18.2%	11.0%	11.0%	8.5%	8.4%	1.9%	−11.3%	−26.0%	−31.3%
STLD Dec	8.4%	6.0%	9.9%	9.0%	−2.2%	6.5%	16.0%	9.9%	−0.1%	2.8%
MOS Dec	-	-	4.7%	−2.0%	4.7%	7.3%	14.1%	7.3%	0.4%	−4.4%
AMCR Jun	-	5.8%	5.4%	4.7%	7.9%	7.7%	6.9%	5.0%	6.1%	5.4%
IFF Dec	13.6%	7.7%	6.7%	9.0%	10.3%	9.0%	−0.9%	8.3%	5.3%	2.4%
IP Dec	6.3%	2.2%	7.1%	13.5%	13.7%	8.0%	5.9%	4.3%	4.8%	−0.7%
SHW Dec	9.0%	11.1%	9.7%	11.1%	16.9%	9.4%	5.8%	11.4%	9.0%	11.3%
Peer median	8.4%	7.9%	6.9%	9.0%	8.5%	7.7%	5.8%	7.3%	4.4%	2.8%

Return on equity, FY2016 to FY2025

Net income / shareholders' equity at the year end.

Company	FY2016	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025
ECL Dec	17.8%	19.8%	17.9%	17.9%	−19.5%	15.6%	15.1%	17.1%	24.1%	21.2%
PPG Dec	18.1%	28.7%	29.0%	23.5%	18.6%	22.9%	15.6%	16.2%	16.4%	19.8%
BALL Dec	7.7%	9.5%	13.1%	19.2%	17.9%	24.2%	20.8%	18.8%	68.4%	16.8%
APD Sep	8.9%	29.7%	13.8%	15.9%	15.6%	15.5%	17.2%	16.1%	22.5%	−2.6%
STLD Dec	13.1%	24.2%	32.0%	16.5%	12.7%	51.0%	47.5%	27.6%	17.2%	13.2%
MOS Dec	3.1%	−1.1%	4.5%	−11.6%	7.0%	15.4%	29.7%	9.5%	1.5%	4.5%
AMCR Jun	-	96.0%	91.8%	7.7%	13.2%	19.7%	19.7%	26.0%	18.8%	4.4%
IFF Dec	24.9%	17.6%	5.6%	7.3%	5.8%	1.3%	−10.6%	−17.7%	1.9%	−2.6%
IP Dec	20.8%	32.9%	27.3%	15.9%	6.1%	19.3%	17.7%	3.4%	6.8%	−23.7%
SHW Dec	60.3%	47.4%	29.7%	37.4%	56.2%	76.5%	65.1%	64.3%	66.2%	55.9%
Peer median	15.6%	28.7%	27.3%	15.9%	13.2%	19.7%	19.7%	16.2%	17.2%	4.5%

Debt / equity, FY2016 to FY2025

Total debt / shareholders' equity at the year end.

Company	FY2016	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025
ECL Dec	0.97	0.97	0.88	0.73	1.08	1.21	1.19	1.02	0.86	0.84
PPG Dec	0.91	0.74	1.08	0.95	1.01	1.05	1.03	0.77	0.86	0.92
BALL Dec	2.19	1.77	1.95	2.65	2.38	2.13	2.59	2.27	0.97	1.29
APD Sep	0.72	0.39	0.32	0.27	0.63	0.54	0.53	0.72	0.84	1.18
STLD Dec	0.81	0.71	0.60	0.67	0.71	0.49	0.38	0.35	0.36	0.47
MOS Dec	0.40	0.54	0.44	0.50	0.48	0.40	0.30	0.31	0.37	0.42
AMCR Jun	-	-	7.74	1.09	1.35	1.32	1.59	1.68	1.73	1.20
IFF Dec	0.81	0.97	0.76	0.71	0.70	0.54	0.61	0.68	0.64	0.42
IP Dec	2.61	1.71	1.45	1.27	1.03	0.61	0.66	0.67	0.68	0.66
SHW Dec	1.04	2.88	2.50	2.11	2.30	3.95	3.41	2.65	2.44	2.36
Peer median	0.86	0.86	1.08	0.95	1.01	0.61	0.66	0.72	0.84	0.92

EPS (diluted), FY2016 to FY2025

Diluted earnings per share, on today's share count after splits.

Company	FY2016	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025
ECL Dec	$4.14	$5.12	$4.88	$5.33	−$4.15	$3.91	$3.81	$4.79	$7.37	$7.28
PPG Dec	$3.27	$6.18	$5.47	$5.22	$4.45	$6.01	$4.32	$5.35	$4.75	$6.94
BALL Dec	$0.81	$1.05	$1.29	$1.66	$1.76	$2.65	$2.25	$2.23	$13.00	$3.30
APD Sep	$2.89	$13.65	$6.78	$7.94	$8.49	$9.43	$10.14	$10.33	$17.18	−$1.77
STLD Dec	$1.56	$3.36	$5.35	$3.04	$2.59	$15.56	$20.92	$14.64	$9.84	$7.99
MOS Dec	$0.85	−$0.31	$1.22	−$2.78	$1.75	$4.27	$10.06	$3.50	$0.55	$1.70
AMCR Jun	-	$2.40	$2.47	$1.81	$1.91	$3.01	$2.65	$3.52	$2.52	$1.60
IFF Dec	$5.05	$3.72	$3.79	$4.00	$3.21	$1.10	−$7.32	−$10.14	$1.04	−$1.41
IP Dec	$2.18	$5.13	$4.85	$3.07	$1.22	$4.47	$4.10	$0.82	$1.57	−$6.95
SHW Dec	$4.00	$6.07	$3.89	$5.50	$7.36	$6.98	$7.72	$9.25	$10.55	$10.26
Peer median	$2.54	$3.72	$3.89	$3.07	$2.59	$4.47	$4.32	$3.52	$4.75	$1.70

Fiscal years are lined up as each company's 10-K names them; the month next to a ticker is when its year ends. Hover a number for the XBRL line items and the filing; click it to open the filing on sec.gov. "n/m" means not meaningful: equity below zero, or a base so close to zero that the ratio says nothing. The peer median leaves out ECL and needs at least three peers with the number. P/E, P/S and P/FCF at each year end appear here once the site has daily prices. What the same companies write about AI, tariffs and more →

Work on ECL in a spreadsheet: Excel workbook (a sheet per section, ten years by column, charts, links to the filings) · CSV. For a Google Sheet that stays up to date, paste =IMPORTDATA("https://tickdelta.com/company/ECL/export.csv") into a cell.