Ecolab (ECL) Invested Capital (2009 - 2026)
Ecolab (ECL) recorded Invested Capital of $23.26 billion in Q2 2026, up 32.4% from $17.56 billion a year earlier and up 23.5% from the prior quarter.
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Analysis
Ecolab (ECL) Invested Capital (2009 - 2026) Analysis & Trends
For FY2025, Ecolab reported Invested Capital of $18.15 billion, up 11.0% from FY2024.
- Annual Invested Capital has increased for three straight years, with a five-year compound annual growth rate of 7.1% (FY2020 to FY2025).
- Across earlier years, Invested Capital came in at $16.36 billion in FY2024 (+0.6%), $16.26 billion in FY2023 (+2.6%), $15.84 billion in FY2022 (-3.5%) and $16.42 billion in FY2021 (+27.2%).
- The Q2 2026 figure is the highest quarterly Invested Capital in data going back to Q2 2009.
- On a year-over-year basis, Invested Capital has increased for seven consecutive quarters, with growth averaging 10.3% over the last eight quarters.
- Peak year-over-year performance for Invested Capital in the last five years was growth of 32.4% in Q2 2026, against a decline of 3.5% in Q4 2022 at the low end.
- Per Business Quant, the preceding three quarters came in at $18.84 billion (Q1 2026), $18.15 billion (Q4 2025) and $17.83 billion (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Invested Cap. (Qtr) |
|---|---|---|---|---|---|
| 1 | Ecolab | 81.91 Bn | 73.68 Bn | 1.95 Bn | 23.26 Bn |
| 2 | Veralto | 25.61 Bn | 18.25 Bn | 902.00 Mn | 6.48 Bn |
| 3 | Xylem | 25.52 Bn | 21.01 Bn | 963.00 Mn | 13.35 Bn |
| 4 | Badger Meter | 4.34 Bn | 3.61 Bn | 90.77 Mn | - |
| 5 | Ceco Environmental | 2.23 Bn | 2.06 Bn | 86.47 Mn | 2.81 Bn |
| 6 | NWPX Infrastructure | 928.24 Mn | 889.71 Mn | 34.36 Mn | 428.58 Mn |
| 7 | Cadiz | 341.69 Mn | 310.14 Mn | -24,000.00 | 91.65 Mn |
| 8 | Energy Recovery | 341.34 Mn | 16.50 Mn | 8.96 Mn | - |
| 9 | AirJoule Technologies | 215.64 Mn | 95.27 Mn | - | - |
| 10 | LanzaTech Global | 65.18 Mn | -49.95 Mn | 1.91 Mn | 273.34 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 23.26 Bn |
| Mar 31, 2026 | 18.84 Bn |
| Dec 31, 2025 | 18.15 Bn |
| Sep 30, 2025 | 17.83 Bn |
| Jun 30, 2025 | 17.56 Bn |
| Mar 31, 2025 | 16.53 Bn |
| Dec 31, 2024 | 16.36 Bn |
| Sep 30, 2024 | 16.20 Bn |
| Jun 30, 2024 | 15.86 Bn |
| Mar 31, 2024 | 15.77 Bn |
| Dec 31, 2023 | 16.26 Bn |
| Sep 30, 2023 | 16.44 Bn |
| Jun 30, 2023 | 16.21 Bn |
| Mar 31, 2023 | 16.01 Bn |
| Dec 31, 2022 | 15.84 Bn |
| Sep 30, 2022 | 16.11 Bn |
| Jun 30, 2022 | 15.90 Bn |
| Mar 31, 2022 | 16.36 Bn |
| Dec 31, 2021 | 16.42 Bn |
| Sep 30, 2021 | 12.93 Bn |
API Access
Ecolab Invested Capital API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=invested-capital&ticker=ECL&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "invested-capital", "ticker": "ECL", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=invested-capital&ticker=ECL&period=max&api_key=YOUR_API_KEY");
const data = await res.json();