Growth Metrics

Ecolab (ECL) Debt to Equity (2009 - 2025)

Ecolab posted quarterly Debt to Equity of $0.84 for Q4 2025, down 2.75% year-on-year from $0.86 in Q4 2024, and up 1.33% on a QoQ basis from $0.83 in Q3 2025.

Ecolab (ECL) has 17 years of Debt to Equity data on file, last reported at $0.84 in Q4 2025.

  • For the quarter ending Q4 2025, Debt to Equity fell 2.75% year-over-year to $0.84; the trailing twelve-month figure through Dec 2025 stood at $0.84 (down 2.75% YoY), and the FY2025 full-year result was $0.84, down 2.75% from the prior year.
  • Debt to Equity for Q4 2025 stood at $0.84, up from $0.83 in the prior quarter.
  • Across five years, Debt to Equity topped out at $1.23 in Q2 2022 and bottomed at $0.83 in Q3 2025.
  • The 5-year median for Debt to Equity is $1.01 (2021), against an average of $1.02.
  • The widest annual swing landed in 2021, when Debt to Equity dropped 25.23%; it then surged 40.67% in 2022.
  • A 5-year view of Debt to Equity shows it stood at $1.21 in 2021, then retreated by 2.1% to $1.18 in 2022, then fell by 14.26% to $1.01 in 2023, then declined by 14.77% to $0.86 in 2024, then dropped by 2.75% to $0.84 in 2025.
  • The last three Debt to Equity figures came in at $0.84 (Q4 2025), $0.83 (Q3 2025), and $0.88 (Q2 2025), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Debt/Equity (Qtr)
1 Linde 230.79 Bn 226.84 Bn 4.26 Bn 0.62
2 Chemical & Mining Co Of Chile 127.66 Bn 124.93 Bn 778.60 Mn 0.58
3 Sherwin Williams 72.51 Bn 72.30 Bn 2.78 Bn 2.10
4 Ecolab 70.96 Bn 70.34 Bn 1.85 Bn 0.84
5 Air Products & Chemicals 62.15 Bn 63.70 Bn 987.40 Mn 1.11
6 Ppg Industries 25.04 Bn 23.57 Bn 1.66 Bn 0.87
7 LyondellBasell Industries 21.62 Bn 21.73 Bn 701.00 Mn 1.26
8 Albemarle 20.26 Bn 19.42 Bn 500.97 Mn 0.19
9 DuPont de Nemours 19.45 Bn 19.56 Bn 602.00 Mn 0.22
10 International Flavors & Fragrances 19.02 Bn 18.49 Bn 1.02 Bn 0.41

Historic Data

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DateValue
Dec 31, 2025 0.84
Sep 30, 2025 0.83
Jun 30, 2025 0.88
Mar 31, 2025 0.85
Dec 31, 2024 0.86
Sep 30, 2024 0.89
Jun 30, 2024 0.91
Mar 31, 2024 0.92
Dec 31, 2023 1.01
Sep 30, 2023 1.10
Jun 30, 2023 1.14
Mar 31, 2023 1.17
Dec 31, 2022 1.18
Sep 30, 2022 1.20
Jun 30, 2022 1.23
Mar 31, 2022 1.23
Dec 31, 2021 1.21
Sep 30, 2021 0.85
Jun 30, 2021 1.00
Mar 31, 2021 1.06
Dec 31, 2020 1.08
Sep 30, 2020 1.14
Jun 30, 2020 1.24
Mar 31, 2020 0.88
Dec 31, 2019 0.73
Sep 30, 2019 0.78
Jun 30, 2019 0.85
Mar 31, 2019 0.86
Dec 31, 2018 0.87
Sep 30, 2018 0.18
Jun 30, 2018 0.19
Mar 31, 2018 0.22
Dec 31, 2017 0.20
Sep 30, 2017 1.05
Jun 30, 2017 1.10
Mar 31, 2017 1.10
Dec 31, 2016 0.96
Sep 30, 2016 0.97
Jun 30, 2016 1.03
Mar 31, 2016 1.04
Dec 31, 2015 0.93
Sep 30, 2015 1.00
Jun 30, 2015 1.07
Mar 31, 2015 1.04
Dec 31, 2014 0.89
Sep 30, 2014 0.88
Jun 30, 2014 0.96
Mar 31, 2014 1.00
Dec 31, 2013 0.93
Sep 30, 2013 1.06
Jun 30, 2013 1.13
Mar 31, 2013 1.01
Dec 31, 2012 1.06
Sep 30, 2012 1.01
Jun 30, 2012 1.11
Mar 31, 2012 0.85
Dec 31, 2011 1.33
Sep 30, 2011 0.29
Jun 30, 2011 0.30
Mar 31, 2011 0.31
Dec 31, 2010 0.38
Sep 30, 2010 0.41
Jun 30, 2010 0.52
Mar 31, 2010 0.56
Dec 31, 2009 0.48
Sep 30, 2009 0.49
Jun 30, 2009 0.60