Filing Flows › Ecolab (ECL) › Q1 2026
Ecolab (ECL) Q1 2026 earnings results (first quarter 2026)
10-Q filed May 7, 2026
Ecolab (ECL) reported revenue of $4.1B for the first quarter 2026 (Q1 2026), +10% from a year earlier and -3% from the quarter before. Operating margin was 15.3%, net earnings $433M (10.6% of revenue).
Ecolab, Q1 2026: revenue $4.1B (+10% year over year), operating margin 15.3%, net earnings $433M, operating cash flow $446M. The chart follows the revenue to costs, profit and cash.
| Q1 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $4.1B | -3% | +10% |
| Operating profit | $622M | -13% | +12% |
| Net earnings | $433M | -23% | +7% |
| Operating cash flow | $446M | -59% | +21% |
| Free cash flow | $97.4M | -87% | -26% |
What changed
Revenue was $4.1B in Q1 2026, up 10% year over year and down 3% from the previous quarter. Global Water was the largest line at 50% of revenue. Global Water added $0.22B year over year (up 12%), 58% of the total change.
Operating profit was $0.62B, a 15.3% margin (up 0.3 points year over year). Of the extra revenue versus Q1 2025, 18% reached operating profit, above the 15% margin then. Total costs grew 10% against revenue growth of 10%. The fastest-growing cost line was Other operating costs (+57%). Net earnings were $0.43B, up 7% year over year. The effective tax rate was 21.8%.
Operating cash flow was $0.45B (up 21% year over year), 102% of net earnings. Non-cash charges added back $0.26B of depreciation and amortization and $0.04B of share-based compensation. Working capital and other items used $0.29B. Capital expenditures of $0.35B left free cash flow of $0.10B.
Questions
What was Ecolab's revenue in the first quarter 2026?
Ecolab (ECL) reported revenue of $4.1B for the first quarter 2026 (Q1 2026), +10% from a year earlier and -3% from the quarter before.
Was Ecolab profitable in the first quarter 2026?
Operating profit was $622M (15.3% of revenue) and net earnings $433M.
Source: Ecolab 10-Q on SEC EDGAR.