Ecolab Inc. (ECL) quarterly income statement — complete revenue, gross profit & net income history
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 | Q2'22 | Q1'22 | Q4'21 | Q3'21 | Q2'21 |
|---|
| Sales/Revenue | 4.07B | 4.2B | 4.17B | 4.03B | 3.69B | 4.01B | 4B | 3.99B | 3.75B | 3.94B | 3.96B | 3.85B | 3.57B | 3.67B | 3.67B | 3.58B | 3.27B | 3.36B | 3.32B | 3.16B |
| Revenue Growth % | 10.04% | 4.76% | 4.16% | 0.99% | -1.52% | 1.7% | 1.02% | 3.47% | 5.05% | 7.28% | 7.87% | 7.58% | 9.33% | 9.11% | 10.49% | 13.21% | 13.23% | 9.76% | 10.01% | 17.76% |
| Cost of Goods Sold | 2.3B | 2.35B | 2.3B | 2.22B | 2.06B | 2.27B | 2.26B | 2.24B | 2.13B | 2.28B | 2.33B | 2.33B | 2.21B | 2.25B | 2.29B | 2.21B | 2.02B | 2.02B | 1.96B | 1.84B |
| COGS % of Revenue | 56.45% | 55.97% | 55.21% | 55.22% | 55.68% | 56.61% | 56.6% | 56.24% | 56.68% | 57.89% | 58.77% | 60.47% | 61.8% | 61.28% | 62.33% | 61.73% | 61.85% | 60.14% | 59% | 58.3% |
| Gross Profit | 1.77B | 1.85B | 1.87B | 1.8B | 1.64B | 1.74B | 1.74B | 1.74B | 1.63B | 1.66B | 1.63B | 1.52B | 1.36B | 1.42B | 1.38B | 1.37B | 1.25B | 1.34B | 1.36B | 1.32B |
| Gross Margin % | 43.55% | 44.03% | 44.79% | 44.78% | 44.32% | 43.39% | 43.4% | 43.76% | 43.32% | 42.11% | 41.23% | 39.53% | 38.2% | 38.72% | 37.67% | 38.27% | 38.15% | 39.86% | 41% | 41.7% |
| Gross Profit Growth % | 8.14% | 6.32% | 7.5% | 3.33% | 0.74% | 4.8% | 6.34% | 14.56% | 19.14% | 16.65% | 18.08% | 11.11% | 9.48% | 6.01% | 1.51% | 3.91% | 4.41% | 4.23% | 8.46% | 22.88% |
| Operating Expenses | 1.15B | 1.06B | 1.11B | 1.09B | 1.05B | 1.05B | 1.03B | 1.07B | 1.08B | 1.04B | 1.01B | 1B | 959.7M | 876.3M | 979.2M | 1.01B | 942.8M | 955.9M | 896.9M | 837.6M |
| OpEx % of Revenue | 28.25% | 25.31% | 26.54% | 27.14% | 28.44% | 26.27% | 25.71% | 26.89% | 28.75% | 26.53% | 25.47% | 26.06% | 26.87% | 23.87% | 26.69% | 28.28% | 28.86% | 28.41% | 27.01% | 26.48% |
| Selling, General & Admin | 1.1B | 1.06B | 1.08B | 1.07B | 1.05B | 1.05B | 1.03B | 1.07B | 1.08B | 1.04B | 1.01B | 1B | 959.7M | 876.3M | 979.2M | 1.01B | 942.8M | 955.9M | 896.9M | 837.6M |
| SG&A % of Revenue | 27.11% | 25.29% | 25.91% | 26.53% | 28.44% | 26.27% | 25.71% | 26.89% | 28.75% | 26.53% | 25.47% | 26.06% | 26.87% | 23.87% | 26.69% | 28.28% | 28.86% | 28.41% | 27.01% | 26.48% |
| Research & Development | 0 | 0 | 0 | 0 | 0 | 207M | 0 | 0 | 0 | 192M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| R&D % of Revenue | - | - | - | - | - | 5.17% | - | - | - | 4.88% | - | - | - | - | - | - | - | - | - | - |
| Other Operating Expenses | 1000K | -800K | 1000K | 1000K | 0 | -1000K | 0 | 0 | 0 | -1000K | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Operating Income | 622M | 785.9M | 760.2M | 710.1M | 586.8M | 685.9M | 707.2M | 672.7M | 546.6M | 613.5M | 623.7M | 518.9M | 404.6M | 545.3M | 402.9M | 357.9M | 303.4M | 385.1M | 464.7M | 481.2M |
| Operating Margin % | 15.3% | 18.73% | 18.25% | 17.64% | 15.88% | 17.13% | 17.69% | 16.88% | 14.57% | 15.58% | 15.76% | 13.47% | 11.33% | 14.85% | 10.98% | 10% | 9.29% | 11.45% | 13.99% | 15.21% |
| Operating Income Growth % | 6% | 14.58% | 7.49% | 5.56% | 7.35% | 11.8% | 13.39% | 29.64% | 35.1% | 12.51% | 54.8% | 44.98% | 33.36% | 41.6% | -13.3% | -25.62% | -12.46% | -19.27% | -20.5% | 65.87% |
| EBITDA | 885.1M | 964.7M | 776.2M | 951.8M | 822.9M | 921.4M | 937.3M | 907.7M | 781.4M | 844M | 853.1M | 748.3M | 638.9M | 781.8M | 635.7M | 592.6M | 538.1M | 600.7M | 671.6M | 686.6M |
| EBITDA Margin % | 21.77% | 22.99% | 18.64% | 23.65% | 22.27% | 23.01% | 23.44% | 22.77% | 20.83% | 21.43% | 21.55% | 19.43% | 17.89% | 21.3% | 17.32% | 16.55% | 16.47% | 17.85% | 20.22% | 21.71% |
| EBITDA Growth % | 7.56% | 4.7% | -17.19% | 4.86% | 5.31% | 9.17% | 9.87% | 21.3% | 22.3% | 7.96% | 34.2% | 26.27% | 18.73% | 30.15% | -5.35% | -13.69% | -4.22% | -12.24% | -15.36% | 57.22% |
| D&A (Non-Cash Add-back) | 263.1M | 178.8M | 16M | 241.7M | 236.1M | 235.5M | 230.1M | 235M | 234.8M | 230.5M | 229.4M | 229.4M | 234.3M | 236.5M | 232.8M | 234.7M | 234.7M | 215.6M | 206.9M | 205.4M |
| EBIT | 613.2M | 724.6M | 773M | 736.1M | 582.1M | 613M | 1.07B | 670.5M | 552.9M | 633.5M | 598.9M | 505.7M | 372.1M | 397M | 484.9M | 449.9M | 278.6M | 396.9M | 490.3M | 462.2M |
| Net Interest Income | -72.7M | -64.3M | -54.9M | -63.2M | -57.8M | -61.2M | -69.9M | -78.4M | -71.1M | -71.6M | -75.7M | -79.5M | -75.7M | -71.9M | -71.1M | -59.3M | -56.2M | 800K | -86M | -56.4M |
| Interest Income | 0 | 18.6M | 19.3M | 13M | 14.3M | 17.5M | 16M | 1.4M | 22.9M | 24.4M | 17M | 4.9M | 5.9M | 3.5M | 1.6M | 1.3M | 2.1M | 2.2M | 1.9M | 6.1M |
| Interest Expense | 72.7M | 82.9M | 74.2M | 76.2M | 72.1M | 78.7M | 85.9M | 79.8M | 94M | 96M | 92.7M | 84.4M | 81.6M | 75.4M | 72.7M | 60.6M | 58.3M | 1.4M | 87.9M | 62.5M |
| Other Income/Expense | -63.9M | -125.6M | -42.5M | -50.2M | -76.8M | -151.6M | 280.1M | -82M | -87.7M | -76M | -117.5M | -97.6M | -114.1M | -223.7M | 9.3M | 31.4M | -83.1M | -35.6M | -62.3M | -81.5M |
| Pretax Income | 558.1M | 660.3M | 717.7M | 659.9M | 510M | 534.3M | 987.3M | 590.7M | 458.9M | 537.5M | 506.2M | 421.3M | 290.5M | 321.6M | 412.2M | 389.3M | 220.3M | 349.5M | 402.4M | 399.7M |
| Pretax Margin % | 13.73% | 15.74% | 17.23% | 16.39% | 13.8% | 13.34% | 24.69% | 14.82% | 12.23% | 13.65% | 12.79% | 10.94% | 8.13% | 8.76% | 11.23% | 10.87% | 6.74% | 10.39% | 12.12% | 12.64% |
| Income Tax | 121.5M | 91.7M | 128M | 131.4M | 103.5M | 54.8M | 246.5M | 95.7M | 42.3M | 126.7M | 96.8M | 86.6M | 52.4M | 52.1M | 60.2M | 76.6M | 45.6M | 44.2M | 73.8M | 86.1M |
| Effective Tax Rate % | 21.77% | 13.89% | 17.83% | 19.91% | 20.29% | 10.26% | 24.97% | 16.2% | 9.22% | 23.57% | 19.12% | 20.56% | 18.04% | 16.2% | 14.6% | 19.68% | 20.7% | 12.65% | 18.34% | 21.54% |
| Net Income | 432.6M | 563.9M | 585M | 524.2M | 402.5M | 472.9M | 736.5M | 490.9M | 412.1M | 405.2M | 404M | 329.7M | 233.4M | 264.4M | 347.1M | 308.3M | 171.9M | 301M | 324.5M | 310.8M |
| Net Margin % | 10.64% | 13.44% | 14.05% | 13.02% | 10.89% | 11.81% | 18.42% | 12.32% | 10.98% | 10.29% | 10.21% | 8.56% | 6.53% | 7.2% | 9.46% | 8.61% | 5.26% | 8.95% | 9.77% | 9.83% |
| Net Income Growth % | 7.48% | 19.24% | -20.57% | 6.78% | -2.33% | 16.71% | 82.3% | 48.89% | 76.56% | 53.25% | 16.39% | 6.94% | 35.78% | -12.16% | 6.96% | -0.8% | -11.21% | 0.23% | 31.8% | 115.27% |
| Net Income (Continuing) | 436.6M | 568.6M | 589.7M | 528.5M | 406.5M | 479.5M | 740.8M | 495M | 416.6M | 410.8M | 409.4M | 334.7M | 238.1M | 269.5M | 352M | 312.7M | 174.7M | 305.3M | 328.6M | 313.6M |
| Discontinued Operations | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Minority Interest | 28.1M | 33.7M | 34.9M | 30.3M | 27.9M | 31.9M | 27.7M | 20.5M | 20M | 27.5M | 26.7M | 23.8M | 20.8M | 22.5M | 27.3M | 25M | 23.5M | 28.9M | 28.3M | 27.2M |
| EPS (Diluted) | 1.52 | 1.98 | 2.05 | 1.84 | 1.41 | 1.66 | 2.58 | 1.71 | 1.43 | 1.41 | 1.41 | 1.15 | 0.82 | 0.93 | 1.21 | 1.08 | 0.60 | 1.04 | 1.12 | 1.08 |
| EPS Growth % | 7.8% | 19.28% | -20.54% | 7.6% | -1.4% | 17.73% | 82.98% | 48.7% | 74.39% | 51.61% | 16.53% | 6.48% | 36.67% | -10.58% | 8.04% | 0% | -10.45% | 0% | 31.76% | 115.3% |
| EPS (Basic) | 1.53 | 2.00 | 2.06 | 1.85 | 1.42 | 1.67 | 2.60 | 1.72 | 1.44 | 1.42 | 1.42 | 1.16 | 0.82 | 0.93 | 1.22 | 1.08 | 0.60 | 1.05 | 1.13 | 1.09 |
| Diluted Shares Outstanding | 283.7M | 284.2M | 285.4M | 285.4M | 285.3M | 285.7M | 286M | 287M | 287.8M | 287.1M | 286.9M | 286.3M | 285.9M | 285.8M | 286.3M | 286.6M | 288.1M | 289.5M | 289.2M | 288.8M |
| Basic Shares Outstanding | 282M | 282.5M | 283.5M | 283.4M | 283.4M | 285.7M | 283.6M | 284.6M | 285.7M | 285.3M | 285.1M | 284.9M | 284.6M | 284.6M | 284.9M | 285.1M | 286.2M | 286.7M | 286.4M | 286M |
| Dividend Payout Ratio | 49.91% | 33.55% | 31.52% | 35.86% | 47.7% | 34.13% | 22.02% | 33.71% | 42.51% | 38.18% | 38.12% | 45.77% | 67.57% | 59.68% | 41.75% | 47.39% | 89.59% | 46.48% | 43.11% | 45.01% |