PerpEquities

Equity

Is Ecolab (ECL) tradable as a perp? Not yet

Ecolab provides water, hygiene, and infection prevention solutions across water treatment, institutional cleaning, pest elimination, and life sciences segments.

Not yet listed on any perp exchange

No perpetual-futures venue lists ECL yet. We track it continuously; as soon as the first listing appears, this page becomes a full market page. Until then: fundamentals below and tradable alternatives.

Similar stocks already tradable as perps

Price chart

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TradingView symbol NYSE:ECL

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Company data

Company fundamentals

Updated 1h ago
Market cap
$75.8B
Updated 1h ago
Revenue
$16.8B
Trailing 12 months
Revenue growth
+11%
Next fiscal year
Profit margin
+12.6%
P/E
35.9
Peer P/E 5.4
Free cash flow
$1.9B
Trailing 12 months
More metrics
Net income
$2.1B
Trailing 12 months
P/S
4.5
Peer P/E
5.4
Similar listed perps
Revenue estimate
$17.9B
Next fiscal year
Earnings
2026-10-27
Revenue est. $4.7B · Updated 1h ago
Dividend
$0.73
2026-09-15

Fundamental detail

Annual + quarterly
Latest revenue$16.1B
Net margin+12.9%
Free cash flow$1.9B
Net debt$8.8B
2020$11.8B
2021$12.7B
2022$14.2B
2023$15.3B
2024$15.7B
2025$16.1B
PeriodRevenueGrowthNet incomeFCF
2020$11.8B-6%-$1.2B$1.4B
2021$12.7B+8%$1.1B$1.4B
2022$14.2B+11%$1.1B$1.1B
2023$15.3B+8%$1.4B$1.6B
2024$15.7B+3%$2.1B$1.8B
2025$16.1B+2%$2.1B$1.9B
PeriodGross marginOperating marginNet marginROEROA
2020+41.5%+14.5%-10.2%-19.5%-6.6%
2021+41.0%+13.2%+8.9%+15.6%+5.3%
2022+38.2%+11.3%+7.7%+15.1%+5.1%
2023+40.3%+14.1%+9.0%+17.1%+6.3%
2024+43.5%+16.6%+13.4%+24.1%+9.4%
2025+44.5%+18.1%+12.9%+21.2%+8.4%
PeriodCashDebtNet debtCurrent ratio
2020$1.3B$7.1B$5.9B1.75
2021$359.9M$9.2B$8.8B1.32
2022$598.6M$9B$8.4B1.30
2023$919.5M$8.7B$7.8B1.30
2024$1.3B$8.3B$7B1.26
2025$646.2M$9.4B$8.8B1.08
PeriodMarket capEnterprise valueP/SP/E
2020$62.1B$67.9B5.3-51.5
2021$67.2B$76B5.359.4
2022$41.5B$49.9B2.938.0
2023$56.5B$64.3B3.741.2
2024$66.6B$73.6B4.231.5
2025$74.4B$83.2B4.635.8
Q3 2024$4B
Q4 2024$4B
Q1 2025$3.7B
Q2 2025$4B
Q3 2025$4.2B
Q4 2025$4.2B
Q1 2026$4.1B
Q2 2026$4.4B
PeriodRevenueGrowthNet incomeFCF
Q3 2024$4B+1%$736.5M$550.3M
Q4 2024$4B+2%$472.9M$407M
Q1 2025$3.7B-2%$402.5M$131.5M
Q2 2025$4B+1%$524.2M$485.1M
Q3 2025$4.2B+4%$585M$529.7M
Q4 2025$4.2B+5%$563.9M$758M
Q1 2026$4.1B+10%$432.6M$97.4M
Q2 2026$4.4B+10%$534.9M$489.4M
PeriodGross marginOperating marginNet marginROEROA
Q3 2024+43.4%+17.7%+18.4%+8.6%+3.3%
Q4 2024+43.4%+17.1%+11.8%+5.4%+2.1%
Q1 2025+44.3%+15.9%+10.9%+4.5%+1.8%
Q2 2025+44.8%+17.6%+13.0%+5.6%+2.2%
Q3 2025+44.8%+18.3%+14.0%+6.0%+2.4%
Q4 2025+44.0%+18.7%+13.4%+5.8%+2.3%
Q1 2026+43.6%+15.3%+10.6%+4.3%+1.7%
Q2 2026+44.1%+17.2%+12.1%+5.3%+1.8%
PeriodCashDebtNet debtCurrent ratio
Q3 2024$1.3B$8.3B$7B1.30
Q4 2024$1.3B$8.3B$7B1.26
Q1 2025$1.2B$8.4B$7.2B1.32
Q2 2025$1.9B$9B$7B1.44
Q3 2025$2B$9.4B$7.5B1.70
Q4 2025$646.2M$9.4B$8.8B1.08
Q1 2026$519.8M$9.3B$8.7B0.99
Q2 2026$5.1B$13.8B$8.6B1.84
PeriodMarket capEnterprise valueP/SP/E
Q3 2024$72.4B$79.5B18.124.6
Q4 2024$66.9B$74B16.735.1
Q1 2025$71.8B$79B19.444.6
Q2 2025$76.4B$83.4B19.036.4
Q3 2025$77.6B$85.1B18.633.2
Q4 2025$74.2B$82.9B17.732.8
Q1 2026$75B$83.8B18.443.5
Q2 2026$78.4B$87B17.736.5

Refreshed 1h ago

Charts: revenue, profit, cash flow & valuation
Revenue$4.4BQ2 2026
$1.1B$2.2B$3.3B$4.4BQ3 2023: $4BQ4 2023: $3.9BQ1 2024: $3.8BQ2 2024: $4BQ3 2024: $4BQ4 2024: $4BQ1 2025: $3.7BQ2 2025: $4BQ3 2025: $4.2BQ4 2025: $4.2BQ1 2026: $4.1BQ2 2026: $4.4BQ3 2023Q2 2026
Net income$534.9MQ2 2026
$184.1M$368.3M$552.4M$736.5MQ3 2023: $404MQ4 2023: $405.2MQ1 2024: $412.1MQ2 2024: $490.9MQ3 2024: $736.5MQ4 2024: $472.9MQ1 2025: $402.5MQ2 2025: $524.2MQ3 2025: $585MQ4 2025: $563.9MQ1 2026: $432.6MQ2 2026: $534.9MQ3 2023Q2 2026
EBITDA$766.7MQ2 2026
$325.8M$651.7M$977.5M$1.3BQ3 2023: $828.3MQ4 2023: $864MQ1 2024: $787.7MQ2 2024: $905.5MQ3 2024: $1.3BQ4 2024: $848.5MQ1 2025: $818.2MQ2 2025: $977.8MQ3 2025: $789MQ4 2025: $903.4MQ1 2026: $876.3MQ2 2026: $766.7MQ3 2023Q2 2026
Free cash flow$489.4MQ2 2026
$189.5M$379M$568.5M$758MQ3 2023: $621.2MQ4 2023: $589.9MQ1 2024: $447.9MQ2 2024: $414.2MQ3 2024: $550.3MQ4 2024: $407MQ1 2025: $131.5MQ2 2025: $485.1MQ3 2025: $529.7MQ4 2025: $758MQ1 2026: $97.4MQ2 2026: $489.4MQ3 2023Q2 2026
EPS$1.9Q2 2026
$0.65$1.29$1.94$2.58Q3 2023: $1.41Q4 2023: $1.41Q1 2024: $1.43Q2 2024: $1.71Q3 2024: $2.58Q4 2024: $1.66Q1 2025: $1.41Q2 2025: $1.84Q3 2025: $2.05Q4 2025: $1.98Q1 2026: $1.52Q2 2026: $1.9Q3 2023Q2 2026
Cash / Debt$5.1BQ2 2026
$3.4B$6.9B$10.3B$13.8BQ3 2023 · Cash: $1BQ3 2023 · Debt: $9.2BQ4 2023 · Cash: $919.5MQ4 2023 · Debt: $8.7BQ1 2024 · Cash: $479.9MQ1 2024 · Debt: $8.1BQ2 2024 · Cash: $384MQ2 2024 · Debt: $8.1BQ3 2024 · Cash: $1.3BQ3 2024 · Debt: $8.3BQ4 2024 · Cash: $1.3BQ4 2024 · Debt: $8.3BQ1 2025 · Cash: $1.2BQ1 2025 · Debt: $8.4BQ2 2025 · Cash: $1.9BQ2 2025 · Debt: $9BQ3 2025 · Cash: $2BQ3 2025 · Debt: $9.4BQ4 2025 · Cash: $646.2MQ4 2025 · Debt: $9.4BQ1 2026 · Cash: $519.8MQ1 2026 · Debt: $9.3BQ2 2026 · Cash: $5.1BQ2 2026 · Debt: $13.8BQ3 2023Q2 2026
CashDebt
Profitability+44.1%Q2 2026
+11.2%+22.4%+33.6%+44.8%Q3 2023 · Gross margin: +41.2%Q4 2023 · Gross margin: +42.1%Q1 2024 · Gross margin: +43.3%Q2 2024 · Gross margin: +43.8%Q3 2024 · Gross margin: +43.4%Q4 2024 · Gross margin: +43.4%Q1 2025 · Gross margin: +44.3%Q2 2025 · Gross margin: +44.8%Q3 2025 · Gross margin: +44.8%Q4 2025 · Gross margin: +44.0%Q1 2026 · Gross margin: +43.6%Q2 2026 · Gross margin: +44.1%Q3 2023 · Operating margin: +15.8%Q4 2023 · Operating margin: +15.6%Q1 2024 · Operating margin: +14.6%Q2 2024 · Operating margin: +16.9%Q3 2024 · Operating margin: +17.7%Q4 2024 · Operating margin: +17.1%Q1 2025 · Operating margin: +15.9%Q2 2025 · Operating margin: +17.6%Q3 2025 · Operating margin: +18.3%Q4 2025 · Operating margin: +18.7%Q1 2026 · Operating margin: +15.3%Q2 2026 · Operating margin: +17.2%Q3 2023 · Net margin: +10.2%Q4 2023 · Net margin: +10.3%Q1 2024 · Net margin: +11.0%Q2 2024 · Net margin: +12.3%Q3 2024 · Net margin: +18.4%Q4 2024 · Net margin: +11.8%Q1 2025 · Net margin: +10.9%Q2 2025 · Net margin: +13.0%Q3 2025 · Net margin: +14.0%Q4 2025 · Net margin: +13.4%Q1 2026 · Net margin: +10.6%Q2 2026 · Net margin: +12.1%Q3 2023Q2 2026
Gross marginOperating marginNet margin
Revenue growth+9.7%Q2 2026
+1.4%+4.3%+7.2%+10.0%Q3 2024: +1.0%Q4 2024: +1.7%Q1 2025: -1.5%Q2 2025: +1.0%Q3 2025: +4.2%Q4 2025: +4.8%Q1 2026: +10.0%Q2 2026: +9.7%Q3 2023Q2 2026
Shares outstanding282.9MQ2 2026
72M143.9M215.9M287.8MQ3 2023: 286.9MQ4 2023: 287.1MQ1 2024: 287.8MQ2 2024: 287MQ3 2024: 286MQ4 2024: 285.7MQ1 2025: 285.3MQ2 2025: 285.4MQ3 2025: 285.4MQ4 2025: 284.2MQ1 2026: 283.7MQ2 2026: 282.9MQ3 2023Q2 2026
Valuation36.5Q2 2026
11.222.333.544.6Q3 2023 · P/E: 29.8Q4 2023 · P/E: 34.9Q1 2024 · P/E: 39.6Q2 2024 · P/E: 34.2Q3 2024 · P/E: 24.6Q4 2024 · P/E: 35.1Q1 2025 · P/E: 44.6Q2 2025 · P/E: 36.4Q3 2025 · P/E: 33.2Q4 2025 · P/E: 32.8Q1 2026 · P/E: 43.5Q2 2026 · P/E: 36.5Q3 2023 · P/S: 12.2Q4 2023 · P/S: 14.4Q1 2024 · P/S: 17.4Q2 2024 · P/S: 16.8Q3 2024 · P/S: 18.1Q4 2024 · P/S: 16.7Q1 2025 · P/S: 19.4Q2 2025 · P/S: 19.0Q3 2025 · P/S: 18.6Q4 2025 · P/S: 17.7Q1 2026 · P/S: 18.4Q2 2026 · P/S: 17.7Q3 2023Q2 2026
P/EP/S
Revenue$16.1B2025
$4B$8B$12.1B$16.1B2018: $14.7B2019: $12.6B2020: $11.8B2021: $12.7B2022: $14.2B2023: $15.3B2024: $15.7B2025: $16.1B20182025
Net income$2.1B2025
-$375.7M$453.7M$1.3B$2.1B2018: $1.4B2019: $1.6B2020: -$1.2B2021: $1.1B2022: $1.1B2023: $1.4B2024: $2.1B2025: $2.1B20182025
EBITDA$3.5B2025
$961.3M$1.9B$2.9B$3.8B2018: $3B2019: $2.7B2020: $2.2B2021: $2.5B2022: $2.5B2023: $3B2024: $3.8B2025: $3.5B20182025
Free cash flow$1.9B2025
$476.1M$952.2M$1.4B$1.9B2018: $1.4B2019: $1.7B2020: $1.4B2021: $1.4B2022: $1.1B2023: $1.6B2024: $1.8B2025: $1.9B20182025
EPS$7.282025
-$1.31$1.59$4.48$7.372018: $4.882019: $5.332020: -$4.22021: $3.912022: $3.812023: $4.792024: $7.372025: $7.2820182025
Cash / Debt$646.2M2025
$2.4B$4.7B$7.1B$9.4B2018 · Cash: $114.7M2018 · Debt: $7B2019 · Cash: $118.8M2019 · Debt: $6.8B2020 · Cash: $1.3B2020 · Debt: $7.1B2021 · Cash: $359.9M2021 · Debt: $9.2B2022 · Cash: $598.6M2022 · Debt: $9B2023 · Cash: $919.5M2023 · Debt: $8.7B2024 · Cash: $1.3B2024 · Debt: $8.3B2025 · Cash: $646.2M2025 · Debt: $9.4B20182025
CashDebt
Profitability+44.5%2025
+3.5%+17.1%+30.8%+44.5%2018 · Gross margin: +41.3%2019 · Gross margin: +44.0%2020 · Gross margin: +41.5%2021 · Gross margin: +41.0%2022 · Gross margin: +38.2%2023 · Gross margin: +40.3%2024 · Gross margin: +43.5%2025 · Gross margin: +44.5%2018 · Operating margin: +13.5%2019 · Operating margin: +15.2%2020 · Operating margin: +14.5%2021 · Operating margin: +13.2%2022 · Operating margin: +11.3%2023 · Operating margin: +14.1%2024 · Operating margin: +16.6%2025 · Operating margin: +18.1%2018 · Net margin: +9.7%2019 · Net margin: +12.4%2020 · Net margin: -10.2%2021 · Net margin: +8.9%2022 · Net margin: +7.7%2023 · Net margin: +9.0%2024 · Net margin: +13.4%2025 · Net margin: +12.9%20182025
Gross marginOperating marginNet margin
Revenue growth+2.2%2025
-7.9%-1.5%+5.0%+11.4%2019: -14.4%2020: -6.1%2021: +8.0%2022: +11.4%2023: +8.0%2024: +2.7%2025: +2.2%20182025
Shares outstanding285.2M2025
73.2M146.4M219.6M292.8M2018: 292.8M2019: 292.5M2020: 287M2021: 289.1M2022: 286.6M2023: 286.5M2024: 286.6M2025: 285.2M20182025
Valuation35.82025
-23.83.931.759.42018 · P/E: 29.82019 · P/E: 35.72020 · P/E: -51.52021 · P/E: 59.42022 · P/E: 38.02023 · P/E: 41.22024 · P/E: 31.52025 · P/E: 35.82018 · P/S: 2.92019 · P/S: 4.42020 · P/S: 5.32021 · P/S: 5.32022 · P/S: 2.92023 · P/S: 3.72024 · P/S: 4.22025 · P/S: 4.620182025
P/EP/S

Research data

Analysts, filings and peer context

Estimates

6
DateEPS estimateRevenue estimateGrowthAnalysts
FY 20268.15$17.9B+11%13
FY 20279.39$19.3B+20%13
FY 202810.71$20.4B+27%4
Q1 20271.92$4.5B+10%5
Q2 20272.35$4.8B+10%5
Q3 20272.56$5B+20%5

Company events

6
2026-10-27EarningsActual - / Estimate 2.18-
2026-09-15Dividend$0.73-
2026-07-28EarningsActual 2.09 / Estimate 2.08Beat
2026-06-16Dividend$0.73-
2026-04-28EarningsActual 1.7 / Estimate 1.7In line
2026-03-17Dividend$0.73-

Peer comparison

Similar listed perps

Analyst track record

How the analysts covering ECL have done: ratings, price-target accuracy and the measured reaction after their calls.

12 months3 years
Ratings144371
Analysts2533
Buy / hold / sell120 / 24 / 0265 / 104 / 2
Upgrades / downgrades / initiations8 / 1 / 120 / 5 / 6
Price targets hit / missed5 / 116 (4%)111 / 213 (34%)
Avg. return after a rating (TipRanks)-13.1%-2.5%
Best / worst call+4.5% / -24.5%+50.9% / -24.5%

After buy calls on this stock: median 21-day move +1.9% vs S&P 500 -1.1% (n = 265)

Most accurate on this stock

Share of an analyst's price targets on this stock that the price reached within 12 months (our measurement over the last 3 years, at least 8 targets). It describes past calls, not the odds of the current one.

  1. Manav PatnaikBarclays92% hit rate on this stock · 25 targets measuredBuytarget $300Aug 26, 2026
  2. Ashish SabadraRBC Capital85% hit rate on this stock · 27 targets measuredBuytarget $337Aug 18, 2026
  3. Shlomo RosenbaumStifel Nicolaus63% hit rate on this stock · 8 targets measuredBuytarget $337Jul 29, 2026

Latest ratings

DateAnalystCallTarget
Sep 15, 2026Jason Haas CFAWells FargoHoldReiterated$295
Aug 26, 2026Manav PatnaikBarclaysBuyMaintained$300
Aug 18, 2026Ashish SabadraRBC CapitalBuyMaintained$337
Aug 19, 2026Matthew DeYoeBank of America SecuritiesBuyMaintained
Aug 18, 2026Ashish SabadraRBC CapitalBuyMaintained$337
Consensus over the last 12 months buy hold sell avg. target month-end close
Monthly buy, hold and sell shares of analyst ratings with the average price target and the month-end close$260$280$300$320Oct 25 · Buy 16 · Hold 6 · Sell 0Oct 25Nov 25 · Buy 14 · Hold 6 · Sell 0Dec 25 · Buy 14 · Hold 6 · Sell 0Dec 25Jan 26 · Buy 14 · Hold 7 · Sell 0Feb 26 · Buy 14 · Hold 6 · Sell 0Feb 26Mar 26 · Buy 16 · Hold 6 · Sell 0Apr 26 · Buy 17 · Hold 5 · Sell 0Apr 26May 26 · Buy 17 · Hold 5 · Sell 0Jun 26 · Buy 17 · Hold 5 · Sell 0Jun 26Jul 26 · Buy 19 · Hold 3 · Sell 0Aug 26 · Buy 19 · Hold 3 · Sell 0Aug 26Sep 26 · Buy 19 · Hold 2 · Sell 0Oct 25 · avg. target $298Nov 25 · avg. target $299Dec 25 · avg. target $298Jan 26 · avg. target $300Feb 26 · avg. target $325Mar 26 · avg. target $323Apr 26 · avg. target $317May 26 · avg. target $319Jun 26 · avg. target $320Jul 26 · avg. target $327Aug 26 · avg. target $323Sep 26 · avg. target $323Oct 25 · month-end close $256Nov 25 · month-end close $275Dec 25 · month-end close $263Jan 26 · month-end close $282Feb 26 · month-end close $308Mar 26 · month-end close $266Apr 26 · month-end close $261May 26 · month-end close $256Jun 26 · month-end close $279Jul 26 · month-end close $278Aug 26 · month-end close $283Sep 26 · month-end close $272

Share of analysts per call each month (latest call per analyst within 180 days). Targets and closes in USD.

TipRanks data via FMP · computed Sep 18, 2026 · 144 ratings