Ecolab (ECL) Retained Earnings (2009 - 2026)
Ecolab (ECL) recorded Retained Earnings of $13.39 billion in Q2 2026, up 10.9% from $12.08 billion a year earlier and up 2.5% from the prior quarter.
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Analysis
Ecolab (ECL) Retained Earnings (2009 - 2026) Analysis & Trends
At the end of FY2025, Ecolab reported Retained Earnings of $12.83 billion, up 11.4% from FY2024.
- Annual Retained Earnings has increased for five straight years, with a five-year compound annual growth rate of 9.3% (FY2020 to FY2025).
- Across earlier years, Retained Earnings came in at $11.52 billion in FY2024 (+14.3%), $10.08 billion in FY2023 (+8.1%), $9.32 billion in FY2022 (+5.7%) and $8.81 billion in FY2021 (+6.9%).
- The Q2 2026 figure is the highest quarterly Retained Earnings in data going back to Q2 2009.
- On a year-over-year basis, Retained Earnings has increased for 21 consecutive quarters, with growth averaging 12.5% over the last eight quarters.
- Over the past five years, the year-over-year growth in Retained Earnings ranged from 5.7% (Q4 2022) to 14.3% (Q4 2024).
- Per Business Quant, the preceding three quarters came in at $13.06 billion (Q1 2026), $12.83 billion (Q4 2025) and $12.48 billion (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Retained Earnings (Qtr) |
|---|---|---|---|---|---|
| 1 | Ecolab | 78.59 Bn | 70.36 Bn | 1.95 Bn | 13.39 Bn |
| 2 | Xylem | 23.57 Bn | 19.05 Bn | 963.00 Mn | 3.96 Bn |
| 3 | Veralto | 23.49 Bn | 16.14 Bn | 902.00 Mn | 2.18 Bn |
| 4 | Badger Meter | 3.66 Bn | 2.93 Bn | 90.77 Mn | 679.65 Mn |
| 5 | Ceco Environmental | 3.13 Bn | 2.96 Bn | 86.47 Mn | 21.46 Mn |
| 6 | NWPX Infrastructure | 993.98 Mn | 955.45 Mn | 34.36 Mn | 308.11 Mn |
| 7 | Energy Recovery | 343.89 Mn | 19.06 Mn | 8.96 Mn | 113.22 Mn |
| 8 | Cadiz | 301.30 Mn | 269.74 Mn | -24,000.00 | -712.20 Mn |
| 9 | AirJoule Technologies | 296.32 Mn | 175.95 Mn | - | 131.13 Mn |
| 10 | LanzaTech Global | 77.75 Mn | -37.39 Mn | 1.91 Mn | -848.93 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 13.39 Bn |
| Mar 31, 2026 | 13.06 Bn |
| Dec 31, 2025 | 12.83 Bn |
| Sep 30, 2025 | 12.48 Bn |
| Jun 30, 2025 | 12.08 Bn |
| Mar 31, 2025 | 11.74 Bn |
| Dec 31, 2024 | 11.52 Bn |
| Sep 30, 2024 | 11.23 Bn |
| Jun 30, 2024 | 10.65 Bn |
| Mar 31, 2024 | 10.32 Bn |
| Dec 31, 2023 | 10.08 Bn |
| Sep 30, 2023 | 9.83 Bn |
| Jun 30, 2023 | 9.58 Bn |
| Mar 31, 2023 | 9.40 Bn |
| Dec 31, 2022 | 9.32 Bn |
| Sep 30, 2022 | 9.21 Bn |
| Jun 30, 2022 | 9.00 Bn |
| Mar 31, 2022 | 8.84 Bn |
| Dec 31, 2021 | 8.81 Bn |
| Sep 30, 2021 | 8.66 Bn |
API Access
Ecolab Retained Earnings 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=retained-earnings&ticker=ECL&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "retained-earnings", "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=retained-earnings&ticker=ECL&period=max&api_key=YOUR_API_KEY");
const data = await res.json();