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

The biggest changes in the 10-K filed 2026-02-23, this fiscal year against the last, and the sentences in the MD&A (Item 7) where management explains them, quoted word for word. Tickdelta picks sentences that name the line, a direction and a cause. It does not write explanations of its own.

Operating margin

17.8% → 17.0% (-0.8 pts) FY to 2025-12-31 vs 2024-12-31

“Adjusted operating income, excluding the impact of special (gains) and charges and the Ovivo Electronics acquisition increased 11% in 2025 as strong value pricing and improved productivity were partially offset by investments in the business.”
Read it in the 10-K ↗

“Organic operating income margin increased 0.3 percentage points during 2025 compared to 2024, as the 1.1 percentage point positive impact of value pricing was partially offset by the 0.9 percentage point negative impact of investments in the business.”
Read it in the 10-K ↗

Cash from operations

+4.9% FY to 2025-12-31 vs 2024-12-31

“Cash provided by operating activities increased $139 million in 2025 compared to 2024, driven by a $219 million increase in net income, adjusted for the net gain on sale of surgical solutions business in 2024, partially offset by a $120 million unfavorable change in working capital.”
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Revenue

+2.2% FY to 2025-12-31 vs 2024-12-31

“The decreased SG&A ratio (SG&A expenses as a percentage of reported net sales) comparing 2025 against 2024 was driven by productivity which was partially offset by growth-oriented investments in the business.”
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“Organic sales for Global Water increased 2% in 2025 driven by growth in Food & Beverage and Light & Heavy.”
Read it in the 10-K ↗

Net income

-1.7% FY to 2025-12-31 vs 2024-12-31

The MD&A has no sentence that names a cause for this change. That can be worth a question: ask about the filing.

Changes are computed from the XBRL figures in the same 10-K. Hover a number to see the line item. Open the 10-K ↗

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.