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Ecolab (ECL) Q3 2025 earnings results (third quarter 2025)

10-Q filed Oct 30, 2025

Ecolab (ECL) reported revenue of $4.2B for the third quarter 2025 (Q3 2025), +4% from a year earlier and +3% from the quarter before. Operating margin was 18.3%, net earnings $585M (14.0% of revenue).

Revenue$4.2B
Year over year+4%
Quarter over quarter+3%
Operating margin18.3%
Net earnings$585M

Ecolab, Q3 2025: revenue $4.2B (+4% year over year), operating margin 18.3%, net earnings $585M, operating cash flow $791M. The chart follows the revenue to costs, profit and cash.

Q3 2025AmountQ/QY/Y
Revenue$4.2B+3%+4%
Operating profit$760M+7%-27%
Net earnings$585M+12%-21%
Operating cash flow$791M+13%+0.6%
Free cash flow$530M+9%-4%

What changed

Revenue was $4.2B in Q3 2025, up 4% year over year and up 3% from the previous quarter. Global Water was the largest line at 49% of revenue. Global Water added $0.09B year over year (up 4%), 53% of the total change.

Operating profit was $0.76B, a 18.3% margin (down 7.9 points year over year). Operating profit fell $0.28B even though revenue rose $0.17B versus a year earlier, so costs grew faster than sales. Total costs grew 15% against revenue growth of 4%. Net earnings were $0.58B, down 21% year over year. The effective tax rate was 17.8%.

Operating cash flow was $0.79B (up 1% year over year), 134% of net earnings. Non-cash charges added back $0.24B of depreciation and amortization and $0.03B of share-based compensation. Working capital and other items used $0.07B. Capital expenditures of $0.26B left free cash flow of $0.53B.

Questions

What was Ecolab's revenue in the third quarter 2025?

Ecolab (ECL) reported revenue of $4.2B for the third quarter 2025 (Q3 2025), +4% from a year earlier and +3% from the quarter before.

Was Ecolab profitable in the third quarter 2025?

Operating profit was $760M (18.3% of revenue) and net earnings $585M.

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Source: Ecolab 10-Q on SEC EDGAR.