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Ecolab ECL Water Services — Goodwill Acquired

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AWK
AWKRegulated Business — Goodwill from acquisitions
$3M+1,100%

Other financials

Income statement

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Revenue$4.1B+10.0%
Gross profit$1.8B+8.3%
Operating income$622.0M+12.0%
Net income$432.6M+7.5%
EPS (diluted)$1.52+7.8%

Balance sheet

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Cash & equivalents$519.8M-55.3%
Total debt$167.3M+13.6%
Total equity$10.0B+12.7%
Total assets$25.0B+12.0%

Cash flow

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Operating cash flow$445.9M+20.7%
CapEx$348.5M+46.5%
Free cash flow$97.4M-25.9%

Valuation

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Market cap$75.72B+4.5%
Enterprise value$75.37B+5.5%
P/E36×+1.5×
P/S4.6×0.0×

Profitability

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Gross margin44.3%+0.6pp
Operating margin17%-1.1pp
Net margin12.8%-0.6pp

Returns & leverage

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Return on equity22.3%-2.3pp
Debt / equity0.0×
Current ratio-0.3×

Where this comes from

Reported directly by Ecolab in its filing.

Tagged under the XBRL concept us-gaap:GoodwillAcquiredDuringPeriod.

The official record: Ecolab’s 10-K, filed February 23, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Ecolab's water services — goodwill acquired?
Ecolab (ECL) reported water services — goodwill acquired of $276.35M in Q4 2025.
How has Ecolab's water services — goodwill acquired changed year-over-year?
Ecolab's water services — goodwill acquired increased by 851.3% year-over-year, from $29.05M to $276.35M.
What does water services — goodwill acquired mean?
The amount of goodwill added to the balance sheet from new acquisitions made during the year.
How do you interpret water services — goodwill acquired?
Higher values indicate aggressive inorganic growth strategies and recent capital deployment into new business units.
How does water services — goodwill acquired compare across companies?
Commonly reported by companies with active M&A pipelines in the industrial services sector.