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Ecolab ECL Operating margin

Operating margin at other companies

STERIS logo
STERISSTE
18.6%+2.7pp
Veralto logo
VeraltoVLTO
23.1%-0.3pp
Entegris logo
EntegrisENTG
14.7%-1.9pp
WAT
Waters CorporationWAT
16%-12.3pp
Republic Services logo
Republic ServicesRSG
19.9%-0.3pp
Idexx Laboratories logo
Idexx LaboratoriesIDXX
31.6%+2.5pp

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
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

Calculated from Ecolab’s reported figures.

Based on trailing twelve months.

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 operating margin?
Ecolab (ECL) reported operating margin of 17% in Q1 2026.
How has Ecolab's operating margin changed year-over-year?
Ecolab's operating margin decreased by 5.9% year-over-year, from 18.1% to 17%.
What is the long-term trend for Ecolab's operating margin?
Over 4 years (2021 to 2025), Ecolab's operating margin has grown at a 8.8% compound annual growth rate (CAGR), from 49.9% to 69.9%.
What does operating margin mean?
The profit left from core operations for every dollar of sales, before interest and taxes.
How do you interpret operating margin?
Expanding operating margin shows operating leverage — revenue growing faster than the cost base. Compression points to rising overhead, pricing pressure, or investment ahead of revenue.
How does operating margin compare across companies?
Strong cross-company signal within a sector. Capital-light businesses sustain higher operating margins than capital-intensive ones.