Inside the research

Ecolab Inc.

ECL Research profile · latest available data

Price overview

$279.49

▲ +4.12 (+1.5%)

52w hi$305.88
52w lo$244.41
Vol1.01M
As of25 Sep 2026

The Verdict

Hold

Our score -0.26

Short-0.16
Medium-0.33
Long-0.34

computed 2026-09-27

Key fundamentals

Ecolab Inc.

Basic Materials · Specialty Chemicals

Market cap$78.35B
Enterprise value$87.16B
Trailing P/E37.47x
Forward P/E29.68x
EV / EBITDA21.07x
P / S (ttm)4.65x
Profit margin12.6%
Return on equity22.0%
Revenue growth+9.7%
Earnings growth+3.3%
Debt / equity138.02

Layer Breakdown

LayerRawContribution
Fundamental+0.14
Sector-0.02
Technical-0.18
Earnings+0.00
Sentiment+0.00

macro × 1.00 · 2026-09-27

Business overview

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.

United States · www.ecolab.com

Risk Metrics

Beta vs SPX0.56
Corr SPX0.44
Annual vol20.7%
Annual ret+7.4%
Sharpe0.36
Max DD-20.3%

Window: 504 trading days (504 obs)

Analyst Coverage

Mean PT$317.48
High / Low$352.00 / $270.00
Median$325.00
Analysts21
Strong Buy6
Buy13
Hold8
Sell0
Strong Sell0

Recent rating actions

2026-04-30Citigroup→ Buy
2026-04-21B of A Securities→ Buy
2026-04-13Citigroup→ Buy
2026-04-09UBS→ Neutral
2026-03-24JP Morgan→ Overweight
2026-03-24Baird→ Outperform

Material Events

DateEvent8-K
2026-07-28Earnings Release, Exhibitsread
2026-05-29Other Material Event, Exhibitsread
2026-05-11Officer / Director Change, Shareholder Voteread
2026-04-28Earnings Release, Exhibitsread
2026-04-15Material Agreement, Material Obligation…read
2026-03-27Earnings Release, Exhibitsread
2026-03-20Earnings Release, Exhibitsread
2026-02-25Officer / Director Change, Exhibitsread
2026-02-23Officer / Director Changeread
2026-02-10Earnings Release, Restructuring…read
2025-10-28Earnings Release, Exhibitsread
2025-08-27Other Material Event, Exhibitsread

Insider Trades

DateInsiderRoleActionSharesValue
2026-06-30LARSON MICHAELDirectorGrant130—
2026-06-30Vautrinot Suzanne MDirectorGrant130—
2026-06-30NOWELL LIONEL L IIIDirectorGrant130—
2026-06-30MacLennan DavidDirectorGrant46$12.81K
2026-06-30MacLennan DavidDirectorGrant130—
2026-06-30McKibben Tracy BDirectorGrant130—
2026-06-30Whalen JulieDirectorGrant130—
2026-06-30ZILLMER JOHN JDirectorGrant130—
2026-05-04MacLennan DavidDirectorBuy800$205.53K
2026-05-04Cook Gregory BOfficer, Co-COO - Global Option exercise8.40K—

Flow & Concentration

Insider 180d net$205.53K
Insider buys / sells1 / 0
Insider biasNeutral
13F holders7
Top-5 share98.5%
HHI5,511 (concentrated)

Top Holders

HolderValueShares
State Street Corp$3.29B11.77M
Fidelity / FMR LLC$425.24M1.53M
Citadel Advisors$338.65M1.22M
Capital Research / Capital World$273.94M983.24K
AQR Capital Management$116.16M418.37K
Millennium Management$65.45M234.91K
T. Rowe Price Group$125.94K452.04K

As of 2026-06-30

Connections

Customers: U.S. Gulf Co, 8030.SR

Dividends

Yield (TTM)0.52%
$ / share (TTM)$1.46
5y CAGR+7.2%

Annual dividend per share

2021$1.95
2022$2.06
2023$2.16
2024$2.36
2025$2.68
2026$0.73

Federal Contracts

AmountAgencyDescription
$5.35MDepartment of Veterans AffairsWATER TREATMENT AND MONITORING SERVICES
$1.44MDepartment of JusticeWATER CHEMICAL TREATMENT SERVICES
$1.35MDepartment of DefenseTHIS REQUIREMENT IS A MULTIYEAR CONTRACT FOR BOILER CHEMICALS IN SUPPORT OF THE
$1.32MSocial Security AdministrationWATER TREATMENT AND CHEMICAL SERVICES FOR SSA HEADQUARTERS BUILDINGS AND THE PER
$1.21MDepartment of DefenseFY23 TASK ORDER FOR WASTE WATER CHEMICAL TREATMENT FOR ALL NAVFAC
$1.16MDepartment of DefenseTHERMAL COMODITY CHEMICALS
$1.05MDepartment of DefenseTASK ORDER FOR WATER CHEM TREATMENT - 2ND BRIDGE FUNDING TASK ORD
$800.00KDepartment of Defense8-MONTH EXTENSION

SEC Filings

DateFormDoc
2026-08-114view
2026-08-073view
2026-08-0610-Qview
2026-08-054view
2026-07-314view
2026-07-288-Kview
2026-07-024view
2026-07-024view
2026-07-024view
2026-07-024view
2026-07-024view
2026-07-024view
2026-07-024view
2026-07-024view
2026-07-024view

The Long Run

FY 2009–2025 · 17 years

LineLatestCAGRTrend
Revenue$16.08B+6.2%
Operating income$2.80B+8.9%
Net income$2.08B+48.5%
Cash from ops$2.81B+15.0%

Indices

S&P 500

Recent Sessions

DateOpenHighLowCloseVol
Sep 25$276.36$280.66$273.14$279.491.01M
Sep 24$276.07$278.14$273.75$275.37976.10K
Sep 23$275.39$277.81$273.66$276.721.06M
Sep 22$272.84$277.11$271.00$276.221.20M
Sep 21$272.10$272.11$267.83$269.98803.70K

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