Ecolab, Inc.
ECL
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+ FollowMarket Cap$79.69B
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Earnings Call Q2 2026
July 28, 2026 - AI Summary
Strong Q2 momentum: accelerating EPS + organic growth + stable gross margin
- Adjusted EPS +11% YoY, driven by accelerating organic sales growth of 5% and stable organic gross margin.
- Productivity remained strong; management emphasized execution “in any environment.”
- Volumes +1% despite an almost 1% headwind from Middle East customer operations disruption; excluding that, underlying volume growth accelerated vs Q1.
Pricing/commodities transition: energy surcharge ramping to offset margin pressure
- Entered Q2 with commodity costs rising and expected to stay high through the year; started with little surcharge pricing.
- Implemented a global energy surcharge quickly, with pricing strengthening to ~4% in Q2.
- Expectation: second half surcharge benefits progress into a targeted 5%–6% pricing range, aimed at offsetting rising commodity costs and supporting margin/EPS.
Outlook upgraded/maintained with specific targets for H2 2026 and full-year EPS
- Management expects organic sales growth of 6%–7% in H2 2026.
- Adjusted operating income margin in H2: 19%, supporting the broader plan to reach ~20% OI margin next year.
- 2026 EPS forecast raised to $8.05–$8.25, implying +7% to +10% vs. last year.
- EPS range reflects strong underlying performance but also short-term headwinds from noncash amortization and financing costs related to the CoolIT acquisition.
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$152.44
47.6% downside
Current Fair Value
47.6% downsideOvervalued by 47.6% based on the discounted cash flow analysis.
Share Statistics
| Market cap | $79.69 Billion |
|---|---|
| Enterprise Value | $88.41 Billion |
| Dividend Yield | $2.92 (1.04%) |
| Earnings per Share | $7.33 |
| Beta | 0.88 |
| Outstanding Shares | 281,300,000 |
Return
| Return on Equity | 21.05% |
|---|---|
| Return on Assets | 7.07% |
| Return on Invested Capital | 12.02% |
Valuation & Multiples
| P/E Ratio | 37.58 |
|---|---|
| PEG | 1840.94 |
| Price to Sales | 4.93 |
| Price to Book Ratio | 8.31 |
| Enterprise Value to Revenue | 5.25 |
| Enterprise Value to EBIT | 30.73 |
| Enterprise Value to Net Income | 41 |
| Total Debt to Enterprise | 0.16 |
| Debt to Equity | 1.38 |
Revenue Sources
No data
Insider Trades
Last Earnings Call
Report Date
August 4, 2026
EPS Estimate
$2.09
Average shareholder expectationRevenue Estimate
$4.39 B
Average shareholder expectationNext Earnings Call
Expected Date
October 27, 2026
EPS Estimate
$2.17
Average shareholder expectationRevenue Estimate
$4.70 B
Average shareholder expectationInstitutional Put/Call Ratio
Market sentiment based on institutional option activity.
| Put/Call Ratio | 0.0000▼ 98.36% |
|---|---|
| Total Calls | -▼ 100.00% |
| Total Puts | -▼ 100.00% |
Institutional Ownership
Holdings and activity of institutional investors.
| Ownership % | 0.58%▼ 80.24% |
|---|---|
| Total Invested | $450.72M▼ 99.29% |
| Investors Holding | 80▼ 1669.00% |
ESG Score
No data
About Ecolab, Inc.
48,000 employees
CEO: Douglas Baker 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 Elimin...