Pulling SEC filings + quote and writing the call…
| Fiscal year | FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $13.2B | $13.8B | $12.2B | $12.6B | $11.8B | $12.7B | $14.2B | $15.3B | $15.7B | $16.1B |
| Revenue growth | — | 5.2% | -11.7% | 2.8% | -6.1% | 8.0% | 11.4% | 8.0% | 2.7% | 2.2% |
| Operating income | $1.87B | $1.95B | $1.73B | $1.85B | $1.40B | $1.60B | $1.56B | $1.99B | $2.80B | $2.74B |
| Operating margin | 14.2% | 14.1% | 14.1% | 14.7% | 11.8% | 12.6% | 11.0% | 13.0% | 17.8% | 17.0% |
| Net income | $1.25B | $1.52B | $1.44B | $1.58B | -$1.19B | $1.13B | $1.09B | $1.37B | $2.11B | $2.08B |
| Net margin | 9.5% | 11.0% | 11.8% | 12.5% | -10.1% | 8.9% | 7.7% | 9.0% | 13.4% | 12.9% |
| EPS (diluted) | $4.14 | $5.12 | $4.88 | $5.33 | -$4.15 | $3.91 | $3.81 | $4.79 | $7.37 | $7.28 |
| Fiscal year | FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $1.94B | $2.09B | $2.28B | $2.42B | $1.86B | $2.06B | $1.79B | $2.41B | $2.81B | $2.95B |
| Capital expenditures | $757M | $869M | $779M | $731M | $489M | $643M | $713M | $775M | $995M | $1.05B |
| Free cash flow | $1.18B | $1.22B | $1.50B | $1.69B | $1.37B | $1.42B | $1.08B | $1.64B | $1.82B | $1.90B |
| Share buybacks | $740M | $600M | $562M | $354M | $146M | $107M | $518M | $13.7M | $987M | $784M |
| Dividends paid | $428M | $449M | $495M | $553M | $561M | $566M | $603M | $617M | $664M | $754M |
| Fiscal year | FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash & equivalents | $327M | $211M | $115M | $119M | $1.26B | $360M | $599M | $920M | $1.26B | $646M |
| Total assets | $18.3B | $20.0B | $20.1B | $20.9B | $18.1B | $21.2B | $21.5B | $21.8B | $22.4B | $24.7B |
| Total liabilities | $11.4B | $12.3B | $12.0B | $12.1B | $11.9B | $14.0B | $14.2B | $13.8B | $13.6B | $14.9B |
| Shareholders' equity | $6.90B | $7.58B | $8.00B | $8.69B | $6.17B | $7.22B | $7.24B | $8.04B | $8.76B | $9.77B |
| Retained earnings | $6.97B | $8.01B | $8.91B | $9.99B | $8.24B | $8.81B | $9.32B | $10.1B | $11.5B | $12.8B |
| Shares (wtd avg diluted) | 297M | 294M | 293M | 293M | 290M | 289M | 287M | 287M | 287M | 285M |
Every figure is extracted from ECOLAB INC.’s annual reports as filed with the SEC (XBRL company facts) — no third-party estimates. Fiscal years are labeled by period end; filers occasionally re-tag concepts, so a sparse cell means the company didn’t report that concept for that year. Free cash flow = operating cash flow − capital expenditures.
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