Ecolab Inc.
Income Statement
| Line Item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $16.08B | $15.74B | $15.32B | $14.19B | $12.73B | $11.79B | $12.56B | $12.22B |
| Cost of Revenue | $8.93B | $8.90B | $9.15B | $8.83B | $7.62B | $6.91B | $7.05B | $6.88B |
| Gross Profit | $7.15B | $6.84B | $6.17B | $5.36B | $5.12B | $4.88B | $5.52B | $5.35B |
| Gross Margin | 44.5% | 43.5% | 40.2% | 37.8% | 40.2% | 41.4% | 43.9% | 43.7% |
| Operating Expenses | ||||||||
| Research & Development | $202.0M | $207.0M | $192.0M | $190.0M | $186.0M | $185.0M | $190.0M | $193.0M |
| SG&A Expense | $4.26B | $4.23B | $4.06B | $3.65B | $3.42B | $3.31B | $3.55B | $3.51B |
| Operating Income | $2.74B | $2.80B | $1.99B | $1.56B | $1.60B | $1.40B | $1.85B | $1.73B |
| Operating Margin | 17.0% | 17.8% | 13.0% | 11.0% | 12.6% | 11.8% | 14.7% | 14.1% |
| Interest Expense | $306.2M | $340.3M | $348.9M | $252.1M | $230.6M | $304.8M | $214.4M | $235.5M |
| Pretax Income | $2.55B | $2.57B | $1.76B | $1.34B | $1.41B | $1.16B | $1.73B | $1.59B |
| Income Tax Expense | $454.6M | $439.3M | $362.5M | $234.5M | $270.2M | $176.6M | $288.6M | $321.2M |
| Net Income | $2.08B | $2.11B | $1.37B | $1.09B | $1.13B | $-1.19B | $1.58B | $1.44B |
| Net Margin | 12.9% | 13.4% | 9.0% | 7.7% | 8.9% | -10.1% | 12.5% | 11.8% |
| EPS (Basic) | $7.33 | $7.43 | $4.82 | $3.83 | $3.95 | $-4.20 | $5.41 | $4.95 |
| EPS (Diluted) | $7.28 | $7.37 | $4.79 | $3.81 | $3.91 | $-4.15 | $5.33 | $4.88 |
| Shares Outstanding (Basic) | 283.3M | 284.3M | 285.0M | 285.2M | 286.3M | 287.0M | 288.1M | 288.6M |
| Shares Outstanding (Diluted) | 285.2M | 286.6M | 286.5M | 286.6M | 289.1M | 290.3M | 292.5M | 292.8M |
| Dividends Per Share | $2.68 | $2.36 | $2.16 | $2.06 | $1.95 | $1.89 | $1.85 | $1.69 |