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Ecolab ECL Water Services — Operating Income

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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:OperatingIncomeLoss.

The official record: Ecolab’s 10-Q, filed May 7, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Ecolab's water services — operating income?
Ecolab (ECL) reported water services — operating income of $297.8M in Q1 2026.
How has Ecolab's water services — operating income changed year-over-year?
Ecolab's water services — operating income increased by 6.9% year-over-year, from $278.7M to $297.8M.
What is the long-term trend for Ecolab's water services — operating income?
Over 2 years (2023 to 2025), Ecolab's water services — operating income has grown at a 10.8% compound annual growth rate (CAGR), from $1.12B to $1.38B.
What does water services — operating income mean?
The profit earned by the Water Services segment after accounting for all direct and operating costs.
How do you interpret water services — operating income?
Higher operating income indicates strong profitability and efficient management of the segment's operations.
How does water services — operating income compare across companies?
Standard profitability metric used to compare segment performance across diversified industrial companies.