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Ecolab ECL Global Institutional & Specialty — Goodwill Acquired

Other segment segments

Global Water
$1.11B
Global Pest Elimination
$4.35M+1,350%

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Other financials

Income statement

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Revenue$4.4B+9.7%
Gross profit$1.9B+8.0%
Operating income$757.9M+6.7%
Net income$534.9M+2.0%
EPS (diluted)$1.90+3.3%

Balance sheet

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Cash & equivalents$5.1B+167%
Total debt$13.3B+8,447%
Total equity$10.1B+7.9%
Total assets$29.9B+26.1%

Cash flow

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Operating cash flow$729.5M+3.9%
CapEx$240.1M+10.8%
Free cash flow$489.4M+0.9%

Valuation

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Market cap$80.34B+5.4%
Enterprise value$88.55B+19.0%
P/E38×+2.3×
P/S4.8×-0.1×

Profitability

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Gross margin44.1%+0.2pp
Operating margin16.9%-1.5pp
Net margin12.6%-1.0pp
FCF margin11.1%+1.1pp

Returns & leverage

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Return on equity21.8%-2.4pp
Debt / equity1.3×+1.3×
Current ratio1.8×+0.4×

Where this comes from

Reported directly by Ecolab in its filing.

Tagged under the XBRL concept us-gaap:GoodwillAcquiredDuringPeriod.

The source filing: Ecolab’s 10-K, filed February 23, 2026.

Filed
Feb 23, 2026, 8:00 AM EST
Fiscal year
FY2025
Accession
0001104659-26-018357
(millions)Global / WaterGlobal / Institutional / & SpecialtyGlobal / Pest / EliminationGlobal / Life SciencesTotal
December 31, 2023$4,243.5$610.0$136.3$3,158.4$8,148.2
Segment change (a)-717.0-(717.0)-
December 31, 20234,243.51,327.0136.32,441.48,148.2
Current year business combinations (b)116.26.533.9-156.6
Prior year business combinations (c)1.2---1.2
Divestiture of businesses (d)-(305.9)--(305.9)
Effect of foreign currency translation(56.0)(3.3)(0.8)(32.7)(92.8)
December 31, 2024$4,304.9$1,024.3$169.4$2,408.7$7,907.3

Item 8. Financial Statements and Supplementary Data.

FAQ

What is Ecolab's global institutional & specialty — goodwill acquired?
Ecolab (ECL) reported global institutional & specialty — goodwill acquired of $1.63M in Q4 2024.
What does global institutional & specialty — goodwill acquired mean?
Measures the amount of goodwill recognized specifically from acquisitions completed within the Global Institutional segment during the reporting period. It represents the premium paid over the fair value of net assets for new business units integrated into this segment.

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