Ecolab (ECL) Return on Equity [ROE] (2009 - 2026)
Ecolab (ECL) recorded Return on Equity [ROE] of 20.43% in Q3 2026, down 0.55 percentage points from 20.98% a year earlier and down 0.78 percentage points from the prior quarter.
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Analysis
Ecolab (ECL) Return on Equity [ROE] (2009 - 2026) Analysis & Trends
For FY2025, Ecolab reported Return on Equity [ROE] of 22.52%, down 2.77 percentage points from FY2024.
- Annual Return on Equity [ROE] has a five-year change of +38.40 percentage points (FY2020 to FY2025).
- Across earlier years, Return on Equity [ROE] came in at 25.29% in FY2024 (+7.11 pp), 18.17% in FY2023 (+2.89 pp), 15.28% in FY2022 (-1.72 pp) and 17.01% in FY2021 (+32.89 pp).
- The Q3 2026 figure is the lowest quarterly Return on Equity [ROE] since Q1 2024.
- On a year-over-year basis, Return on Equity [ROE] has declined for five consecutive quarters, with an average year-over-year change of +0.28 percentage points over the last eight quarters.
- Peak year-over-year performance for Return on Equity [ROE] in the last five years was a gain of 36.06 percentage points in Q1 2022, against a drop of 3.46 percentage points in Q3 2025 at the low end.
- Per Business Quant, the preceding three quarters came in at 21.21% (Q2 2026), 21.41% (Q1 2026) and 21.41% (Q4 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | ROE (Qtr) |
|---|---|---|---|---|---|
| 1 | Ecolab | 85.84 Bn | 78.85 Bn | 2.07 Bn | 20.43% |
| 2 | Veralto | 28.78 Bn | 21.41 Bn | 908.00 Mn | 31.66% |
| 3 | Xylem | 22.22 Bn | 18.19 Bn | 907.00 Mn | 10.35% |
| 4 | Badger Meter | 4.49 Bn | 3.89 Bn | 98.85 Mn | 18.97% |
| 5 | Ceco Environmental | 3.04 Bn | 2.84 Bn | 130.10 Mn | -1.53% |
| 6 | NWPX Infrastructure | 868.49 Mn | 826.57 Mn | 38.19 Mn | 12.50% |
| 7 | Energy Recovery | 373.27 Mn | 35.71 Mn | 4.20 Mn | 3.05% |
| 8 | Cadiz | 280.26 Mn | 245.37 Mn | -24,000.00 | -363.01% |
| 9 | AirJoule Technologies | 174.57 Mn | 54.19 Mn | - | -34.62% |
| 10 | LanzaTech Global | 55.76 Mn | -41.87 Mn | 1.91 Mn | -26.19% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 20.43% |
| Jun 30, 2026 | 21.21% |
| Mar 31, 2026 | 21.41% |
| Dec 31, 2025 | 21.41% |
| Sep 30, 2025 | 20.98% |
| Jun 30, 2025 | 23.61% |
| Mar 31, 2025 | 23.98% |
| Dec 31, 2024 | 24.55% |
| Sep 30, 2024 | 24.44% |
| Jun 30, 2024 | 20.95% |
| Mar 31, 2024 | 19.28% |
| Dec 31, 2023 | 17.53% |
| Sep 30, 2023 | 16.25% |
| Jun 30, 2023 | 15.98% |
| Mar 31, 2023 | 16.03% |
| Dec 31, 2022 | 15.46% |
| Sep 30, 2022 | 16.11% |
| Jun 30, 2022 | 15.77% |
| Mar 31, 2022 | 15.63% |
| Dec 31, 2021 | 16.10% |
API Access
Ecolab Return on Equity [ROE] 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=return-on-equity-%5Broe%5D&ticker=ECL&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "return-on-equity-[roe]", "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=return-on-equity-%5Broe%5D&ticker=ECL&period=max&api_key=YOUR_API_KEY");
const data = await res.json();