Ecolab Inc. (ECL) Income Statement
ECL 2025 at a glance
Fiscal year ended December 31, 2025 · U.S. dollarsECL revenue and net income
Where ECL's revenue goes
2025Each bar shows an amount and its share of revenue. ECL kept 12.9% of revenue as net income.
ECL profit margins
ECL growth rates
to 2025| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Revenue | +2.2% | +4.3% | +6.4% | +1.7% |
| Gross profit | +4.6% | +9.7% | +7.9% | +1.2% |
| Operating income | +11.5% | +21.9% | +11.2% | +3.9% |
| Net income | −1.7% | +23.9% | — | +7.6% |
| EPS (diluted) | +13.2% | +18.9% | +12.6% | +5.6% |
1-year change and average annual growth (CAGR) over 3, 5 and 10 fiscal years. "—" when a starting value was zero or negative.
ECL quarterly EPS vs estimates
Ecolab beat the analyst EPS estimate in 7 of the last 8 quarters. Next report: October 27, 2026 (estimate $2.18).
ECL income statement
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $16.08B | $15.74B | $15.32B | $14.19B | $12.73B | $11.79B | $12.56B | $14.67B | $13.84B | $13.15B |
| Cost of revenue | $8.92B | $8.90B | $9.14B | $8.77B | $7.51B | $6.89B | $7.03B | $8.61B | $8.01B | $6.85B |
| Gross profit | $7.16B | $6.84B | $6.18B | $5.42B | $5.22B | $4.90B | $5.53B | $6.06B | $5.83B | $6.30B |
| Research & development | — | $207.0M | $192.0M | $190.0M | $186.0M | $185.0M | $190.0M | $216.0M | $201.0M | $189.0M |
| Sales, general & admin | $4.26B | $4.23B | $3.95B | $3.65B | $3.42B | $3.31B | $3.96B | $3.97B | $4.42B | $4.30B |
| Total operating expenses | $4.25B | $4.23B | $4.02B | $3.81B | $3.54B | $3.19B | $3.62B | $4.08B | $3.63B | $4.30B |
| Operating income | $2.91B | $2.61B | $2.16B | $1.61B | $1.68B | $1.71B | $1.91B | $1.98B | $2.20B | $2.01B |
| Interest income | $241.1M | $57.8M | $31.3M | $243.6M | $185.2M | $290.2M | $24.1M | $14.9M | $19.6M | $20.8M |
| Interest expense | $241.1M | $338.4M | $354.7M | $263.7M | $216.2M | $246.1M | $241.9M | $274.1M | $267.0M | $276.2M |
| Income before taxes | $2.55B | $2.57B | $1.76B | $1.34B | $1.41B | $1.16B | $1.73B | $1.80B | $1.76B | $1.65B |
| Income taxes | $454.6M | $439.3M | $362.5M | $234.5M | $270.2M | $176.6M | $288.6M | $364.3M | $243.8M | $403.3M |
| Net income | $2.08B | $2.11B | $1.37B | $1.09B | $1.13B | −$1.21B | $1.56B | $1.43B | $1.50B | $1.23B |
| EBITDA | $3.46B | $3.85B | $3.03B | $2.55B | $2.47B | $2.22B | $2.75B | $3.02B | $2.92B | $2.78B |
| EPS (diluted) | $7.54 | $6.66 | $5.21 | $4.49 | $4.69 | $4.16 | $5.82 | $5.25 | $4.69 | $4.38 |
| Gross margin | 44.5% | 43.5% | 40.3% | 38.2% | 41.0% | 41.5% | 44.0% | 41.3% | 42.1% | 47.9% |
| Operating margin | 18.1% | 16.6% | 14.1% | 11.3% | 13.2% | 14.5% | 15.2% | 13.5% | 15.9% | 15.3% |
| Net margin | 12.9% | 13.4% | 9.0% | 7.7% | 8.9% | −10.2% | 12.4% | 9.7% | 10.9% | 9.3% |
| Jun '26 | Mar '26 | Dec '25 | Sep '25 | Jun '25 | Mar '25 | Dec '24 | Sep '24 | Jun '24 | Mar '24 | Dec '23 | Sep '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $4.42B | $4.07B | $4.20B | $4.17B | $4.03B | $3.69B | $4.01B | $4.00B | $3.99B | $3.75B | $3.94B | $3.96B |
| Cost of revenue | $2.47B | $2.30B | $2.35B | $2.30B | $2.22B | $2.06B | $2.27B | $2.26B | $2.24B | $2.13B | $2.28B | $2.33B |
| Gross profit | $1.95B | $1.77B | $1.85B | $1.87B | $1.80B | $1.64B | $1.74B | $1.74B | $1.74B | $1.63B | $1.66B | $1.63B |
| Research & development | — | — | — | — | — | — | $207.0M | — | — | — | $192.0M | — |
| Sales, general & admin | $1.14B | $1.10B | $1.06B | $1.08B | $1.07B | $1.05B | $1.05B | $1.02B | $1.08B | $1.08B | $1.03B | $1.02B |
| Total operating expenses | $1.19B | $1.15B | $1.06B | $1.11B | $1.09B | $1.05B | $1.05B | $1.03B | $1.07B | $1.08B | $1.04B | $1.01B |
| Operating income | $757.9M | $622.0M | $785.9M | $760.2M | $710.1M | $586.8M | $685.9M | $707.2M | $672.7M | $546.6M | $613.5M | $623.7M |
| Interest income | $21.9M | $4.6M | $64.3M | $19.3M | $63.2M | $14.3M | $17.5M | $16.0M | $1.4M | $22.9M | $24.4M | $74.3M |
| Interest expense | $73.1M | $72.7M | $82.9M | $74.2M | $76.2M | $72.1M | $78.7M | $85.9M | $79.8M | $94.0M | $96.0M | $92.7M |
| Income before taxes | $693.6M | $558.1M | $660.3M | $717.7M | $659.9M | $510.0M | $534.3M | $987.3M | $590.7M | $458.9M | $537.5M | $506.2M |
| Income taxes | $154.9M | $121.5M | $91.7M | $128.0M | $131.4M | $103.5M | $54.8M | $246.5M | $95.7M | $42.3M | $126.7M | $96.8M |
| Net income | $534.9M | $432.6M | $563.9M | $585.0M | $524.2M | $402.5M | $472.9M | $736.5M | $490.9M | $412.1M | $405.2M | $404.0M |
| EBITDA | $1.04B | $876.3M | $903.4M | $789.0M | $977.8M | $818.2M | $848.5M | $1.30B | $905.5M | $787.7M | $864.0M | $828.3M |
| EPS (diluted) | $2.09 | $1.70 | $2.08 | $2.07 | $1.89 | $1.50 | $1.81 | $1.83 | $1.68 | $1.34 | $1.55 | $1.54 |
| Gross margin | 44.1% | 43.6% | 44.0% | 44.8% | 44.8% | 44.3% | 43.4% | 43.4% | 43.8% | 43.3% | 42.1% | 41.2% |
| Operating margin | 17.2% | 15.3% | 18.7% | 18.3% | 17.6% | 15.9% | 17.1% | 17.7% | 16.9% | 14.6% | 15.6% | 15.8% |
| Net margin | 12.1% | 10.6% | 13.4% | 14.0% | 13.0% | 10.9% | 11.8% | 18.4% | 12.3% | 11.0% | 10.3% | 10.2% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported in ECL's financial statements (latest annual report filed February 23, 2026); data from EODHD. Sales, general & administrative expenses include sales and marketing.
ECL financial results
In fiscal year 2025 (ended December 31, 2025), Ecolab reported revenue of $16.1 billion, up 2.2% from the year before. It had net income of $2.1 billion (down 1.7%), a net profit margin of 12.9%. Diluted earnings per share came to $7.54. Over five years revenue grew at an average rate of 6.4% a year.
See the ECL stock overview for the latest quote and news, or the ECL chart for price history and technical indicators.
ECL income statement FAQ
What is Ecolab's annual revenue?
Ecolab reported total revenue of $16.1 billion for fiscal year 2025, which ended on December 31, 2025. That was up 2.2% from $15.7 billion the previous year.
Is Ecolab profitable?
Yes. Ecolab reported net income of $2.1 billion in fiscal 2025, a net profit margin of 12.9%; its operating margin was 18.1%.
What is Ecolab's gross margin?
Ecolab's gross margin was 44.5% in fiscal 2025: for every $100 of revenue, Ecolab kept $45 after the direct cost of its products and services.
How fast is Ecolab growing?
Revenue grew 6.4% a year on average over the last five fiscal years, from $11.8 billion to $16.1 billion.
What are Ecolab's earnings per share?
Ecolab earned $7.54 per diluted share in fiscal 2025, compared with $6.66 a year earlier.
When will Ecolab report its next earnings?
Ecolab is expected to report results for the quarter ending September 30, 2026 on October 27, 2026 before the market opens.
When does Ecolab's fiscal year end?
Ecolab's fiscal year ends in December. The latest annual report covers the year ended December 31, 2025 and was filed on February 23, 2026.