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Ecolab (ECL) earnings and revenue breakdown

Latest: Q3 2026 · 10-Q filed Oct 29, 2026 · Ecolab (ECL) Q3 2026 earnings results →

Q3 2026 Revenue up 13% year over year to $4.7B · 12¢ of every $1 of revenue kept as net profit · operating margin 17.3%

Ecolab made $4.7B in Q3 2026 (+13% Y/Y): Global Water $2.5B, Global Institutional & Specialty $1.6B, Global Pest Elimination $364M. Operating margin 17.3%, net earnings $551M. See where every dollar goes — costs, profit and cash — as a Sankey from the 10-Q filed Oct 29, 2026.

Revenue$4.7B
Year over year+13%
Operating margin17.3%
Net earnings$551M
Operating cash flow$764M

Drawing the Sankey…

Open the interactive Sankey → click any line for what the company wrote about it, compare Y/Y and Q/Q, export as PNG or PDF

Ecolab Q3 2026 revenue breakdown: Sankey diagram of revenue (Global Water, Global Institutional & Specialty, Global Pest Elimination, Global Life Sciences), costs, profit and cash flow
Ecolab Q3 2026 revenue breakdown — free to use with credit and a link (terms). Share on X
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What changed this quarter

Revenue was $4.7B in Q3 2026, up 13% year over year and up 6% from the previous quarter. Global Water was the largest line at 53% of revenue. Global Water added $0.43B year over year (up 21%), 80% of the total change.

Operating profit was $0.81B, a 17.3% margin (down 1.0 points year over year). Of the extra revenue versus Q3 2025, 9% reached operating profit, below the 18% margin then. Total costs grew 14% against revenue growth of 13%. The fastest-growing cost line was Other operating costs (+211%). Net earnings were $0.55B, down 6% year over year. The effective tax rate was 20.2%.

Operating cash flow was $0.76B (down 3% year over year), 138% of net earnings. Non-cash charges added back $0.29B of depreciation and amortization and $0.04B of share-based compensation. Working capital and other items used $0.12B. Capital expenditures of $0.31B left free cash flow of $0.45B.

Quarterly history

Ecolab revenue by quarterEcolab revenue by quarter$3.7BQ1 2025$4.0BQ2 2025$4.2BQ3 2025$4.2BQ4 2025$4.1BQ1 2026$4.4BQ2 2026$4.7BQ3 2026
Ecolab net earnings by quarterEcolab net earnings by quarter$402MQ1 2025$524MQ2 2025$585MQ3 2025$564MQ4 2025$433MQ1 2026$535MQ2 2026$551MQ3 2026
QuarterFormFiledRevenueY/YOp. marginNet earningsOp. cash flow
Q3 202610-QOct 29, 2026$4.7B+13%17.3%$551M$764M
Q2 202610-QAug 6, 2026$4.4B+10%17.2%$535M$730M
Q1 202610-QMay 7, 2026$4.1B+10%15.3%$433M$446M
Q4 202510-KFeb 23, 2026$4.2B+5%17.0%$564M$1.1B
Q3 202510-QOct 30, 2025$4.2B+4%18.3%$585M$791M
Q2 202510-QAug 7, 2025$4.0B+1%17.6%$524M$702M
Q1 202510-QMay 8, 2025$3.7B-2%15.0%$402M$369M

Charts

Ecolab: revenue growth, year over year and quarter over quarterEcolab: revenue growth, year over year and quarter over quarterY/YQ/Q-2%Q1 2025+1%+9%Q2 2025+4%+3%Q3 2025+5%+1%Q4 2025+10%-3%Q1 2026+10%+9%Q2 2026+13%+6%Q3 2026
Latest (Q3 2026): Y/Y +13%, Q/Q +6%.
Ecolab: where the cash came from (+) and went (−), TTM to Q3 2026Ecolab: where the cash came from (+) and went (−), TTM to Q3 2026Acquisitions−$6.3BNet borrowing (+) / repaid (−)$5.1BOperating cash flow$3.0BCapital spending−$1.2BCash drawn (+) / kept (−)$1.2BBuybacks−$1.1BDividends−$818MShares issued$155MOther investing−$69.5MOther financing−$65.7MExchange rates$13.2MAsset & business sales$8.2M
From the cash-flow statement as filed (SEC XBRL). Cash is fungible: the bars do not say which dollar paid for what.
Ecolab: profit against cash, quarter by quarterEcolab: profit against cash, quarter by quarterNet incomeOperating cash flow$480M$767MQ4 2024$406M$369MQ1 2025$528M$702MQ2 2025$590M$791MQ3 2025$569M$1.1BQ4 2025$437M$446MQ1 2026$539M$730MQ2 2026$554M$764MQ3 2026
Latest (Q3 2026): Net income $554M, Operating cash flow $764M.
Ecolab: diluted shares by fiscal yearEcolab: diluted shares by fiscal year290MFY2020289MFY2021287MFY2022286MFY2023287MFY2024285MFY2025
-1.8% since FY2020: buybacks shrank the count.
Ecolab: long-term debt falling due (FY2025)Ecolab: long-term debt falling due (FY2025)$759M2026$1.0B2027$1.0B2028$12.0M2029$687M2030
Cash $646M, short-term investments —, long-term debt — at 2025-12-31.
Ecolab in its industry: growth against margin (6 companies, SIC 2840)Ecolab in its industry: growth against margin (6 companies, SIC 2840)revenue growth, year over year →↑ operating marginmedian +13%median 17%PGCHDSCLXAGEORIBECL (+13%, 17%)
Soap, Detergents, Cleang Preparations, Perfumes, Cosmetics; dot size is quarterly revenue; dashed lines are the industry's medians.

Interactive views

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💵Where each $1 goesinteractive

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🌏Named in Asian annual reportsinteractive

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🔄Rotation against the market and its industry (RRG)interactive

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🔍Earnings qualityinteractive

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⚖️Fair value by methodinteractive

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🔭Outlook & guidanceinteractive

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📈Investments: gains and what it boughtinteractive

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🏭Its industry’s money flow (input-output)interactive

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About Ecolab

Ecolab was incorporated as a Delaware corporation in 1924. Our fiscal year is the calendar year ending December 31. International subsidiaries are included in the consolidated financial statements on the basis of their U.S. GAAP (accounting principles generally accepted in the United States of America) November 30 fiscal year ends to facilitate the timely inclusion of such entities in our consolidated financial reporting. A trusted partner for millions of customers, we are a global leader in water, hygiene and infection prevention solutions and services that protect people and the resources vital to life. For more than a century, we have advanced innovation by integrating science-based solutions, data-driven insights, AI-technology and world-class service.

In its own words, from its 10-K, filed Feb 23, 2026.

Ecolab against its Soap, Detergents, Cleang Preparations, Perfumes, Cosmetics peers

The largest companies of the same SEC industry, each at its latest quarter. Revenue growth: +13% against the peers' median +13%. Operating margin: 17.3% against the peers' median 17.3%.

CompanyQuarterRevenueY/YOp. margin
ECL EcolabQ3 2026$4.7B+13%17.3%
PG Procter & GambleQ1 FY27$23.3B+4%25.5%
CHD Church & DwightQ3 2026$1.6B+1%18.2%
SCL StepanQ3 2026$692M+17%3.8%
XAGE Longevity Health HoldingsQ2 2026$396K-21%-182.9%
ORIB Orion BlissQ1 FY27$12K+300%-32.0%

Source: Ecolab 10-Q on SEC EDGAR · CIK 31462 · Soap, Detergents, Cleang Preparations, Perfumes, Cosmetics

13F: who owns ECL and who is buying

Largest holders of ECL (13F)Largest holders of ECL (13F)Vanguard Group$6.6BBlackRock$6.4BVanguard Capital Management LLC$4.6BState Street$3.3BMorgan Stanley$2.2BVanguard Portfolio Management LLC$1.8BGeode Capital Management, LLC$1.7BGates Foundation Trust$1.5BUBS AM, a distinct business unit …$1.0BRoyal Bank of Canada$1.0B
Funds' net buying of ECL by quarter (13F)Funds' net buying of ECL by quarter (13F)−$381M2024-09−$2.1M2024-12$432M2025-03$465M2025-06−$2.1B2025-09−$61.3M2025-12−$1.2B2026-03−$650M2026-06
Value of shares 13F filers added minus the value they sold, each quarter (quarters with most filings in).

More on ECL

History

Every quarter: Q3 2026 results · Q2 2026 results · Q1 2026 results · Q4 2025 results · Q3 2025 results · Q2 2025 results · Q1 2025 results

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中文版：Ecolab（ECL）财报

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