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Unilever vs Ecolab: UL and ECL compared
Unilever is the larger company: $25.6B of revenue in its latest quarter (H1 2026) against $4.7B for Ecolab (Q3 2026). Ecolab is growing faster (+13% against +0.5% a year earlier). Unilever is more profitable, with an operating margin of 19.1% against 17.3%.
Where the money goes: UL and ECL
Unilever (UL) · H1 2026
Unilever, H1 2026: revenue $25.6B (+0.5% year over year), operating margin 19.1%, net earnings $3.0B. The chart follows the revenue to costs, profit and cash.
Ecolab (ECL) · Q3 2026
Ecolab, Q3 2026: revenue $4.7B (+13% year over year), operating margin 17.3%, net earnings $551M, operating cash flow $764M. The chart follows the revenue to costs, profit and cash.
| Unilever (UL) | Ecolab (ECL) | |
|---|---|---|
| Latest quarter | H1 2026 | Q3 2026 |
| Revenue | $25.6B | $4.7B |
| Revenue growth, Y/Y | +0.5% | +13% |
| Operating margin | 19.1% | 17.3% |
| Net earnings | $3.0B | $551M |
| Net margin | 11.8% | 11.7% |
| Operating cash flow | — | $764M |
| Free cash flow | — | $450M |
| Market value | — | $86.3B |
| P/E | — | 41.6× |
| Analysts’ mean target | — | $330.57 |
Where the revenue comes from
Ecolab
- Global Water: $2.5B (53%)
- Global Institutional & Specialty: $1.6B (35%)
- Global Pest Elimination: $364M (8%)
- Global Life Sciences: $214M (5%)
Questions
Which is bigger, Unilever or Ecolab?
Unilever is the larger company: $25.6B of revenue in its latest quarter (H1 2026) against $4.7B for Ecolab (Q3 2026).
Is Unilever or Ecolab growing faster?
Ecolab is growing faster (+13% against +0.5% a year earlier).
Which is more profitable, Unilever or Ecolab?
Unilever is more profitable, with an operating margin of 19.1% against 17.3%.
More: Unilever earnings · how Unilever makes money · Ecolab earnings · how Ecolab makes money
From the companies' latest 10-Q, 10-K or earnings release (6-K filed Jul 28, 2026; 10-Q filed Oct 29, 2026). Fiscal quarters can end on different dates. Not investment advice.