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How Ecolab (ECL) makes money
Ecolab (ECL) made $4.7B of revenue in the third quarter 2026 (Q3 2026), +13% from a year earlier. Global Water brought in $2.5B (53%); Global Institutional & Specialty brought in $1.6B (35%); Global Pest Elimination brought in $364M (8%). Of every dollar of revenue, 17¢ was left as operating profit, 12¢ was left as net earnings.
Drawing the Sankey…
Revenue by segment, Q3 2026
| Segment | Revenue | Share | Q/Q | Y/Y |
|---|---|---|---|---|
| Global Water | $2.5B | 52.8% | +12% | +21% |
| Global Institutional & Specialty | $1.6B | 34.9% | +1% | +3% |
| Global Pest Elimination | $364M | 7.7% | +4% | +10% |
| Global Life Sciences | $214M | 4.6% | -3% | +16% |
Where each dollar of revenue goes
| Line | Q3 2026 | % of revenue |
|---|---|---|
| Revenue | $4.7B | 100.0% |
| Operating profit | $810M | 17.3% |
| Income tax | $140M | 3.0% |
| Net earnings | $551M | 11.7% |
| Operating cash flow | $764M | 16.3% |
| Free cash flow | $450M | 9.6% |
Revenue, quarter by quarter
| Quarter | Revenue | Y/Y |
|---|---|---|
| Q3 2026 | $4.7B | +13% |
| Q2 2026 | $4.4B | +10% |
| Q1 2026 | $4.1B | +10% |
| Q4 2025 | $4.2B | +5% |
| Q3 2025 | $4.2B | +4% |
| Q2 2025 | $4.0B | +1% |
| Q1 2025 | $3.7B | -2% |
From Ecolab's 10-Q filed Oct 29, 2026 (on EDGAR).
Questions
How does Ecolab make money?
Ecolab (ECL) made $4.7B of revenue in the third quarter 2026 (Q3 2026), +13% from a year earlier. Global Water brought in $2.5B (53%); Global Institutional & Specialty brought in $1.6B (35%); Global Pest Elimination brought in $364M (8%). Of every dollar of revenue, 17¢ was left as operating profit, 12¢ was left as net earnings.
What is Ecolab's biggest business?
Global Water: $2.5B in the third quarter 2026, 53% of revenue, +21% from a year earlier.
What is Ecolab's profit margin?
Net earnings were $551M, 11.7% of revenue, in the third quarter 2026; the operating margin was 17.3%.
Updated Nov 8, 2026. Read automatically from SEC filings and public data; errors are possible. Not investment advice.