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ECL · NYSE

Ecolab Inc.

Specialty Chemicals · United States

USD 280.461.2% daily changeQuote 2026-10-06 · USD
Market cap (USD)
US$78.62B
Trailing P/E
37.65x
Forward P/E
29.80x
Quarterly revenue growth
9.7%
Trailing net margin
12.6%
Indicated dividend yield
1.0%

Snapshot 2026-10-06 · Latest financial period 2026-06-30 · Yahoo Finance. Quotes may be delayed; reporting periods can differ.

Next earnings: 2026-10-27 (provider estimate, not issuer-confirmed).

Company background

Ecolab Inc. provides water, hygiene, and infection prevention solutions and services in the United States and internationally. The company operates through four segments: Global Water, Global Institutional & Specialty, Global Pest Elimination, and Global Life Sciences. The Global Water segment offers water treatment and process applications, and cleaning and sanitizing solutions to manufacturing, food and beverage processing, transportation, chemical, primary metals and mining, power generation, global refining, petrochemical, pulp and paper industries. The Global Institutional & Specialty segment provides cleaning and sanitizing products to the foodservice, healthcare, hospitality, lodging, government, education and retail industries. The Global Pest Elimination segment provides pest elimination services to detect, prevent, and eliminate pests comprising rodents and insects in full-service and quick-service restaurants, food and beverage processors, hotels, grocery operations, and other commercial segments, including education, life sciences, and healthcare. The Global Life Sciences segment provides cleaning and contamination control solutions to pharmaceutical and personal care manufacturers. It offers its products under the Ecolab, Kay, Purolite, and Bioquell brand names. The company sells its products through field sales and corporate account personnel, distributors, and dealers. Ecolab Inc. was founded in 1923 and is headquartered in Saint Paul, Minnesota.

Company website

Q2 2026

Go beyond the headline.

Ecolab (ECL): The Water Company Became an AI Stock — At 34x Earnings

Published 2026-07-30

Comparable businesses

ECL peer comparison

Same business group first, then company size. Preferred market cap: 0.5–2x; extended range: one-third–3x. Outside that range, industry benchmarks are labeled separately and excluded from peer medians.

Comparison stocks

Market metrics · missing or inapplicable values shown as —
MetricECLEcolab Inc.Snapshot 2026-10-06Financial period: 2026-06-30SHWThe Sherwin-Williams CompanySnapshot 2026-10-06Financial period: 2026-06-30PPGPPG Industries, Inc.Snapshot 2026-10-06Financial period: 2026-06-30
Market capMarket value, converted to USDUS$78.62BUS$77.76BUS$23.49B
Forward P/EProvider forward earnings estimate29.80x23.60x12.23x
EV / EBITDAEnterprise value / trailing EBITDA20.91x19.45x10.90x
Revenue growthLatest quarter vs prior-year quarter9.7%7.5%7.2%
Operating marginLatest reported quarter18.5%18.1%14.0%
Free cash flow yieldTrailing cash flow / market cap1.9%3.2%4.7%
Net debt / EBITDANet debt / trailing EBITDA2.12x3.13x2.17x
Debt / equityTotal debt / positive book equity1.38x3.90x0.87x
Trailing P/ETrailing twelve-month earnings37.65x29.52x15.18x
Price / bookPrice / positive book equity per share7.82x20.05x2.78x
EV / salesEnterprise value / trailing revenue5.13x3.75x1.79x
Earnings growthLatest quarter vs prior-year quarter3.3%14.3%-1.5%
Gross marginTrailing twelve months44.2%49.0%41.2%
Net marginTrailing twelve months12.6%11.0%9.6%
Return on equityProvider trailing return; positive equity only22.0%65.1%19.3%
Free cash flow marginTrailing free cash flow / revenue8.8%10.3%6.7%
Dividend yieldIndicated annual dividend / price1.0%1.0%2.8%
Earnings payoutProvider trailing dividend payout38.1%29.3%40.8%
Current ratioCurrent assets / current liabilities1.84x0.73x1.58x
BetaProvider historical market sensitivity0.881.081.05

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Comparison methodology & limitations

Reviewed operating groups override broad sector classifications. Other companies are matched only within a sufficiently specific provider industry. Business mix, geography and accounting standards can still differ. Market caps are converted to USD using exchange rates captured during the snapshot refresh. Financial ratios that would mix currencies are omitted. Snapshots must be at most 14 days old and no more than seven days apart for automatic selection.

Peer medians require at least two valid similar-size peers for each metric. Negative earnings, nonpositive equity, missing data and irrelevant bank ratios are not presented as attractive valuations. A higher or lower number is not automatically a better investment. Financial statement periods are not calendar-aligned across companies.

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Earnings-multiple scenario

Illustrative price = your earnings-per-share assumption × your P/E assumption. This is not a price target or a complete valuation model.

Starting assumptions, when available, use provider forward estimates as of 2026-10-06. Negative earnings require a different valuation method. This calculation omits balance-sheet, dilution and execution risks.

THE RESEARCH RECORD

Research history for ECL

All available reporting periods
Q2 20262026-07-30
Q1 20262026-04-28

Reported figures

Verify material figures against company filings. Market data and AI-assisted analysis may contain errors.