ECOLAB INC.

Listed Company

ECLCIK 0000031462NYSELarge AcceleratedSoap, Detergents, Cleang Preparations, Perfumes, CosmeticsDelawareFY ends Dec 31

Period

FY 2025

Revenue

$16.08B

Net Income

$2.08B

Total Assets

$24.70B

Equity

$9.77B

Shares Out

281.97M

Op. Cash Flow

$2.95B

Business

ECOLAB INC. provides water, hygiene and infection prevention solutions and services that protect people and critical resources and improve operational efficiency and sustainability. It offers science‑based chemical products, cleaning and sanitizing programs, water and process treatment technologies, digital monitoring and dispensing equipment, food safety and contamination control solutions, and pest elimination services. The company organizes operations into four reportable segments: Global Industrial; Global Institutional & Specialty; Global Healthcare & Life Sciences; and Global Pest Elimination. Its offerings are sold worldwide through direct field and corporate account sales, third‑party distributors, and a network of manufacturing and distribution centers.

Summary from filing dated 2025-02-21

Financials

Consolidated Statement of Income

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Net sales	16,081	15,741	15,320	14,188	12,733
Cost of sales (including special charges (a))	8,931	8,900	9,155	8,831	7,616
Selling, general and administrative expenses	4,258	4,228	4,062	3,654	3,416
Special (gains) and charges	155	−189	111	141	103
Operating income	2,738	2,802	1,992	1,563	1,599
Other (income) expense	−51	−51	−60	−25	−34
Interest expense, net	241	283	297	244	218
Income before income taxes	2,548	2,571	1,756	1,343	1,414
Provision for income taxes	455	439	363	235	270
Net income including noncontrolling interest	2,093	2,132	1,393	1,109	1,144
Net income attributable to noncontrolling interest	18	20	21	17	14
Net income attributable to Ecolab	2,076	2,112	1,372	1,092	1,130
Basic (in dollars per share)	7.33	7.43	4.82	3.83	3.95
Diluted EPS (in dollars per share)	7.28	7.37	4.79	3.81	3.91
Basic (in shares)	283	284	285	285	286
Diluted (in shares)	285	287	287	287	289

Consolidated Balance Sheet

As of · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Cash and cash equivalents	646	1,257	920	599	360
Accounts receivable, net	3,249	2,865	2,834	2,698	2,478
Inventories	1,490	1,465	1,497	1,793	1,492
Other current assets	570	439	393	405	357
Total current assets	5,956	6,026	5,644	5,494	4,687
Property, plant and equipment, net	4,277	3,752	3,475	3,293	3,289
Goodwill	9,227	7,907	8,148	8,013	8,064
Other intangible assets, net	3,689	3,309	3,494	3,681	4,224
Operating lease assets	766	723	554	448	397
Other assets	783	670	533	535	546
Total assets	24,696	22,388	21,847	21,464	21,206
Short-term debt	870	616	630	505	411
Accounts payable	2,071	1,810	1,566	1,728	1,384
Compensation and benefits	722	727	656	494	510
Income taxes	134	127	159	198	104
Other current liabilities	1,738	1,513	1,335	1,286	1,144
Total current liabilities	5,535	4,793	4,346	4,210	3,553
Long-term debt	7,366	6,949	7,551	8,075	8,347
Pension and postretirement benefits	546	635	652	670	894
Deferred income taxes	330	280	418	506	622
Operating lease liabilities	597	576	426	338	283
Other liabilities	519	366	382	406	254
Total liabilities	14,892	13,599	13,774	14,206	13,953
Commitments and contingencies (Note 15)	—	—	—	—	—
Common stock	369	368	366	365	364
Additional paid-in capital	7,521	7,160	6,767	6,580	6,465
Retained earnings	12,834	11,517	10,075	9,319	8,815
Accumulated other comprehensive loss	−1,874	−1,982	−1,850	−1,727	−1,635
Treasury stock	−9,080	−8,305	−7,313	−7,301	−6,784
Total Ecolab shareholders' equity	9,771	8,757	8,045	7,236	7,224
Noncontrolling interest	34	32	28	23	29
Total equity	9,805	8,789	8,072	7,259	7,253
Total liabilities and equity	24,696	22,388	21,847	21,464	21,206

Consolidated Statement of Cash Flows

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Depreciation	673	635	617	619	604
Amortization	304	301	307	320	239
Deferred income taxes	−33	−191	−56	−143	−1
Share-based compensation expense	137	135	95	88	90
Pension and postretirement plan contributions	−78	−54	−109	−64	−60
Pension and postretirement plan expense (income), net	15	14	3	46	42
Restructuring charges, net of cash paid	19	24	−33	66	−42
Sale of global surgical solutions business	1	−382	—	—	—
Other, net	29	24	32	25	16
Accounts receivable	−186	−147	−84	−320	−178
Inventories	36	−116	320	−403	−73
Other assets	84	−24	72	−278	−93
Accounts payable	68	300	−232	395	200
Other liabilities	−208	163	87	329	144
Cash provided by operating activities	2,953	2,814	2,412	1,788	2,062
Capital expenditures	−1,048	−995	−775	−713	−643
Property and other assets sold	52	11	10	2	12
Acquisitions and investments in affiliates, net of cash acquired	−1,621	−313	−180	−7	−3,924
Divestiture of businesses, net of cash divested	−15	890	—	—	—
Other, net	−75	−27	−45	1	−25
Cash used for investing activities	−2,707	−434	−991	−717	−4,580
Net issuances (repayments) of commercial paper and notes payable	98	2	−2	−404	394
Long-term debt borrowings	1,046	—	—	494	2,775
Long-term debt repayments	−674	−630	−500	—	−1,018
Reacquired shares	−784	−987	−14	−518	−107
Dividends paid	−754	−664	−617	−603	−566
Exercise of employee stock options	228	259	97	29	144
Hedge settlements	—	−600,000	−15	172	26
Other, net	−14	−4	−3	−7	−15
Cash used for financing activities	−853	−2,024	−1,055	−837	1,603
Effect of exchange rate changes on cash and cash equivalents	−3	−19	−46	4	14
(Decrease) Increase in cash and cash equivalents	−611	337	321	239	—
Income taxes paid	548	647	469	309	276
Net interest paid	303	343	325	222	209

Filings

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