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.
Powered by 
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 | 86.73 Bn | 79.74 Bn | 2.07 Bn | 23.65 Bn |
| 2 | Veralto | 28.77 Bn | 21.41 Bn | 908.00 Mn | 6.15 Bn |
| 3 | Xylem | 21.59 Bn | 17.56 Bn | 907.00 Mn | 13.17 Bn |
| 4 | Badger Meter | 4.42 Bn | 3.83 Bn | 98.85 Mn | - |
| 5 | Ceco Environmental | 3.20 Bn | 2.99 Bn | 130.10 Mn | 2.69 Bn |
| 6 | NWPX Infrastructure | 866.95 Mn | 825.03 Mn | 38.19 Mn | 458.79 Mn |
| 7 | Energy Recovery | 370.21 Mn | 32.65 Mn | 4.20 Mn | - |
| 8 | Cadiz | 265.95 Mn | 231.07 Mn | -24,000.00 | 91.65 Mn |
| 9 | AirJoule Technologies | 157.70 Mn | 37.32 Mn | - | 248.67 Mn |
| 10 | LanzaTech Global | 50.39 Mn | -47.24 Mn | 1.91 Mn | 273.34 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 23.65 Bn |
| Jun 30, 2026 | 23.26 Bn |
| Mar 31, 2026 | 18.84 Bn |
| Dec 31, 2025 | 18.21 Bn |
| Sep 30, 2025 | 17.83 Bn |
| Jun 30, 2025 | 17.56 Bn |
| Mar 31, 2025 | 16.53 Bn |
| Dec 31, 2024 | 16.40 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 |
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();