coteauBeta Get App

ECL

Ecolab Inc.
$288.09
-0.02% Oct 21 close
MaterialsS&P 500 CompareTechnicals
-12%-5%+3%+10%+17%Oct 2025Oct 2026Apr 2026
ECLSPY
1W
+0.1%
1M
+6.7%
3M
+8.2%
6M
+7.7%
YTD
+10.6%
1Y
+4.7%

Live chart

Loading live chart…

What they do

Ecolab Inc. provides water, hygiene, and infection prevention solutions and services in the United States and internationally. The company operates through four segments: Global Water, Global Institutional & Specialty, Global Pest Elimination, and Global Life Sciences. The Global Water segment offers water treatment and process applications, and cleaning and sanitizing solutions to manufacturing, food and beverage processing.

Basic Materials · Specialty Chemicals

For information only · Important disclosures

Grades vs sector

Momentum
41st percentile in sector
C
12-1 return: +8.3%
Percentile within its GICS sector across the S&P 1500.
Growth
53rd percentile in sector
C+
Revenue growth (YoY): +9.7%
Percentile within its GICS sector across the S&P 1500.
Value
5th percentile in sector
F
Forward E/P: 3.3% · EBITDA/EV: 4.6%
Percentile within its GICS sector across the S&P 1500.
Profitability
83rd percentile in sector
A-
Profit margin: +12.6% · Return on equity: +22.0%
Percentile within its GICS sector across the S&P 1500.
Revisions
Not enough data yet
–
EPS estimate change, 30 days (current FY): –
30-day change in analysts' current-year EPS estimate; graded across covered stocks.

Our models

Not held by any of our 5 live models right now.

Quality Growth
ranked 57 of 360 · Composite (0-1) 0.7
Momentum Top 15
ranked 292 of 499 · 12-month momentum 4.3%
Momentum Blend
Not in the current book
New Highs Growth
Outside this model's universe or screens
Coteau Long Book
Not in the current book

News

More news
Notable ETF Outflow Detected - XLB, NEM, FCX, ECL
Nasdaq · 5h ago
BofA flags five chemical stocks amid tough Q3 earnings outlook
Investing.com · Oct 21
Ecolab (ECL) Sees $160.2 Million in Net ETF Buying on Oct. 16
GuruFocus.com · Oct 20

Key stats

Market value$80.8B
P/E (last 12 months)38.7
P/E (next 12 months, estimated)30.7
52-week range$243.15 – $309.27
Revenue growth (latest quarter vs a year ago)+9.7%
Dividend yield1.01%
Analyst consensusBuy (21)
Average analyst price target$325.05 (+13%)
Valuation and fundamentals

Valuation & fundamentals

Bottom line
Looks expensive
Model read-out from the numbers below, not advice. Score -3 (DCF counts double).
▼DCF (base case)below the price by 53%
▼Forward P/E vs sector30.7x vs median 12.7x
•Piotroski F-score5/9
▲Altman Z4.1 (safe)
▲Net debt / EBITDA0.3x
•Analyst target+13% (21 analysts)

Discounted cash flow

CyclicalValued on average-cycle margins
Bear
$83
-71%
growth 2% · disc. 9.6% · term. 2.0%
Base
$136
-53%
growth 7% · disc. 8.6% · term. 2.5%
Bull
$213
-26%
growth 10% · disc. 7.6% · term. 3.0%

Starting cash flow is mid-cycle: 10.8% average margin × current revenue = 1.8B (last 12 months: 1.9B at a 11% margin). On trailing cash flow the base case would be $140.

Reverse DCFfor context, not a signal
Today's price assumes free cash flow grows about 15% a year for 10 years.
Implied
+15%/yr
FCF, last 3 yrs
+21%/yr
FCF, last 5 yrs
+7%/yr
Revenue, last 3 yrs
+4%/yr
Revenue, last 5 yrs
+6%/yr
Same inputs as the DCF above: mid-cycle free cash flow 1.8B, 8.6% discount rate, 2.5% growth after year 10, net debt and today's share count. Actual growth rates are compound annual rates from SEC annual filings through FY2025; "n/a" means too little history or a negative starting year.
Edit assumptions · recalculates instantly
Your value per share–

Free cash flow = operating cash flow − capital spending, trailing 12 months (TTM to 2026-06-30). Growth default: average of 3-year revenue CAGR and latest revenue growth, capped at 30%. Years 6–10 fade linearly to terminal growth. Discount rate = 4.25% risk-free assumption + beta 0.88 × 5% equity premium, kept within 7–13%. Bear: lower growth, +1 pt discount, 2% terminal. Bull: higher growth, −1 pt, 3%.

Multiples vs Materials

P/E (trailing)
sector median 20.6× · 83rd pct
38.7×
pricier
Forward P/E
sector median 12.7× · 96th pct
30.7×
pricier
EV / EBITDA
sector median 11.1× · 96th pct
22.9×
pricier
Price / sales
sector median 1.4× · 86th pct
4.8×
pricier
Price / book
sector median 2.3× · 96th pct
8.0×
pricier
FCF yield
sector median 4.7% · 21st pct
2.3%
pricier

Forward EPS $9.40 vs trailing $7.45 (+26% expected growth). Forward P/E uses analysts' next-12-month estimate.

Backlog (remaining performance obligations)

RPO
$201.1M
as of 2026-03-31
vs a year ago
+82%
YoY
× TTM revenue
0.01×
coverage
24-06
24-09
24-12
25-03
25-06
25-09
25-12
26-03

Contracted revenue not yet recognized, from SEC filings (XBRL tag RevenueRemainingPerformanceObligation).

Quality & financial health

Gross margin
44.1%
Operating margin
16.9%
FCF margin
11.1%
Net margin
12.6%
Return on equity
21.0%
Return on invested capital
20.9%
Net debt / EBITDA
0.3×
Current ratio
1.8×
Interest cover
–
Cash conversion (OCF/NI)
1.4×
Piotroski F-score 5/9 · last two fiscal years
✓ Positive net income✓ Positive operating cash flow✗ Return on assets improved✓ Cash flow above net income✓ Long-term debt / assets fell✗ Current ratio improved✓ No share dilution✗ Gross margin improved✗ Asset turnover improved

Altman Z-score 4.1 (safe zone; above 3.0 = safe, below 1.8 = distress). Not meaningful for banks and insurers.

Analysts

Mean target
$325
+13%
Analysts
21
Buy
Range
$295–$360
low – high
● price · ◆ mean target

Annual history

FYRevenueNet incomeFree cash flow
2025$16.1B$2.1B$1.9B
2024$15.7B$2.1B$1.8B
2023$15.3B$1.4B$1.6B
2022$14.2B$1.1B$1.1B
2021$12.7B$1.1B$1.4B
2020$11.8B–$1.4B

From the company's 10-K filings via SEC XBRL. 3-year revenue CAGR +4.3%.

Earnings

Next report: 2026-10-27 · before open · EPS est 2.17
24-1025-0225-0425-0725-1026-0226-0426-070.002.09
EstimateActual (beat)Actual (miss)
ReportEPS estActualSurprise
2026-07-282.082.09+0.5%
2026-04-281.701.70+0.2%
2026-02-102.072.08+0.7%
2025-10-282.072.07-0.1%
2025-07-291.901.89-0.3%
2025-04-291.501.50+0.1%
2025-02-111.801.81+0.7%
2024-10-291.821.83+0.3%

Quarterly revenue

QuarterRevenueYoY
2026-06-30$4.4B+9.7%
2026-03-31$4.1B–
2025-12-31$4.2B–
2025-09-30$4.2B–
2025-06-30$4.0B–
Rating changes
Reiterated
2026-10-05 · UBS reiterated Buy on ECL
Reiterated
2026-07-30 · Wells Fargo reiterated Equal-Weight on ECL
Reiterated
2026-07-29 · Mizuho reiterated Outperform on ECL
Reiterated
2026-07-29 · BMO Capital reiterated Outperform on ECL
Reiterated
2026-07-29 · JP Morgan reiterated Overweight on ECL
Upgrade
2026-07-17 · Oppenheimer upgraded ECL from Perform to Outperform

Third-party analyst actions, not Coteau's views. All rating changes

Recent dividends

2026-09-15: $0.730 · 2026-06-16: $0.730 · 2026-03-17: $0.730 · 2025-12-16: $0.730 · 2025-09-16: $0.650 · 2025-06-17: $0.650 · 2025-03-18: $0.650 · 2024-12-17: $0.650
Insider trades
Green Eric Mark
Director · 2026-09-11
Buy
$88.7K
Green Eric Mark
Director · 2026-09-11
Buy
$932.1K
Beck Christophe
Director, CHAIRMAN, PRESIDENT & CEO · 2026-08-18
Sell
$5.0M
Cook Gregory B
Co-COO - Global Businesses · 2026-08-11
Sell
$1.3M
Kirkland Scott D
CHIEF FINANCIAL OFFICER · 2026-07-30
Sell
$929.8K
None
None · None
Sell
–
None
None · None
Sell
–
None
None · None
Sell
–
None
None · None
Sell
–
None
None · None
Sell
–
None
None · None
Sell
–
None
None · None
Sell
–

Stats refreshed 2026-10-21 18:06:45 ET from Yahoo Finance (yfinance). "–" means the data isn't available. Refresh now

Free. Not investment advice. Unsubscribe anytime.

coteau

Independent research · Not investment advice · Hypothetical unless marked Live · Data: Yahoo Finance (15-min delayed), SEC EDGAR, House Clerk · Important disclosures · Contact desk@coteau.app

Beta 0.9 · Oct 21, 2026