ECJ Income Statement - Ecolab Inc

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Price: 276.65 EUR 1.1%

Market Cap: €79B

Financial profile · Q3 FY2026

An expanding-margin, cash-generative model with acquisition-related financing drag

Across the multiyear record, revenue and operating income expanded while margins generally widened and free cash flow remained positive as capital spending increased. Recent large acquisitions have raised debt and interest costs, adding financing pressure without displacing the operating cash-generation pattern. https://www.sec.gov/Archives/edgar/data/31462/000162828026068208/ecl-20260930.htm

What is developing

The latest quarter continued revenue and operating-income growth, but net income and EPS declined while quarterly free cash flow remained positive but below the prior-year quarter. Higher acquisition-related financing costs and working-capital use add pressure, though the results do not yet show a break in the broader cash-generative profile.

What matters next

Whether operating cash flow and positive free cash flow continue to support debt reduction while acquisition-related financing costs remain elevated.

Metric	FY2016 Dec 2016	FY2017 Dec 2017	FY2018 Dec 2018	FY2019 Dec 2019	FY2020 Dec 2020	FY2021 Dec 2021	FY2022 Dec 2022	FY2023 Dec 2023	FY2024 Dec 2024	FY2025 Dec 2025
Revenue	13.2B	13.8B	14.7B	14.9B	11.8B	12.7B	14.2B	15.3B	15.7B	16.1B
Cost of Revenue	(7.5B)	(8B)	(8.6B)	(8.7B)	(6.9B)	(7.5B)	(8.8B)	(9.1B)	(8.9B)	(8.9B)
Gross Profit	5.7B	5.8B	6.1B	6.2B	4.9B	5.2B	5.4B	6.2B	6.8B	7.2B
Operating Expenses	(3.7B)	(4B)	(3.9B)	(4B)	(3.3B)	(3.4B)	(3.7B)	(4.1B)	(4.2B)	(4.3B)
Selling, General & Administrative	(3.7B)	(4B)	(3.9B)	(4B)	(3.3B)	(3.4B)	(3.7B)	(4.1B)	(4.2B)	(4.3B)
Operating Income	2B	1.8B	2.2B	2.2B	1.6B	1.8B	1.8B	2.1B	2.6B	2.9B
Net Interest Income (Expense)	(270.6m)	(111.5m)	(306.4m)	(161m)	(206.4m)	(185.2m)	(243.6m)	(296.7m)	(282.5m)	(241.1m)
Interest Expense	277m	274.6m	237.2m	215m	221m	197.5m	252.1m	348.9m	340.3m	306.2m
Non-Recurring Items	(105.5m)	(40.3m)	(136m)	(247m)	(299.1m)	(266.8m)	(261m)	(133.9m)	183.6m	(166.1m)
Total Other Income	43.8m	67.3m	79.9m	85.8m	55.9m	71.1m	75.1m	59.9m	51.3m	51.4m
Pre-Tax Income	1.6B	1.8B	1.8B	1.9B	1.2B	1.4B	1.3B	1.8B	2.6B	2.5B
Tax Provision	(402.9m)	(402.7m)	(264.1m)	(325.8m)	(176.6m)	(270.2m)	(234.5m)	(362.5m)	(439.3m)	(454.6m)
Income from Continuing Operations	1.2B	1.4B	1.5B	1.6B	984.8m	1.1B	1.1B	1.4B	2.1B	2.1B
Income to Minority Interest	(17.5m)	(14m)	(11.2m)	(17.3m)	(17.4m)	(14.1m)	(17.2m)	(20.7m)	(19.5m)	(17.7m)
Net Income	1.2B	1.5B	1.4B	1.6B	(1.2B)	1.1B	1.1B	1.4B	2.1B	2.1B
EPS (Diluted)	4.14	5.11	4.88	5.32	(4.19)	3.91	3.81	4.79	7.37	7.28