Ecolab (ECL) Return on Invested Capital [ROIC] (2009 - 2026)
Ecolab (ECL) posted Return on Invested Capital [ROIC] of 10.99% for Q2 2026, down 2.60 percentage points from 13.59% a year earlier and down 1.41 percentage points from the prior quarter.
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Analysis
Ecolab (ECL) Return on Invested Capital [ROIC] (2009 - 2026) Analysis & Trends
For FY2025, Ecolab's Return on Invested Capital [ROIC] came in at 13.03%, down 1.21 percentage points from FY2024.
- Annual Return on Invested Capital [ROIC] shows a five-year change of +4.60 percentage points (FY2020 to FY2025).
- In prior years, Ecolab's Return on Invested Capital [ROIC] was 14.25% in FY2024 (+4.40 pp), 9.85% in FY2023 (+1.85 pp), 8.00% in FY2022 (-0.82 pp) and 8.82% in FY2021 (+0.39 pp).
- The Q2 2026 figure stands as the lowest quarterly Return on Invested Capital [ROIC] since Q4 2023.
- On a year-over-year basis, Return on Invested Capital [ROIC] has declined in each of the last four quarters, with an average year-over-year change of +0.78 percentage points over the last eight quarters.
- The strongest year-over-year quarter for Return on Invested Capital [ROIC] in the past five years was Q3 2024, with a gain of 5.08 percentage points; the weakest was Q2 2026, with a drop of 2.60 percentage points.
- According to Business Quant data, Return on Invested Capital [ROIC] for the three prior quarters was 12.40% (Q1 2026), 12.50% (Q4 2025) and 12.20% (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | ROIC (Qtr) |
|---|---|---|---|---|---|
| 1 | Ecolab | 85.97 Bn | 78.95 Bn | 2.07 Bn | 9.96% |
| 2 | Veralto | 28.80 Bn | 21.43 Bn | 908.00 Mn | 17.10% |
| 3 | Xylem | 23.13 Bn | 18.86 Bn | 907.00 Mn | 8.26% |
| 4 | Badger Meter | 4.57 Bn | 3.97 Bn | 98.85 Mn | - |
| 5 | Ceco Environmental | 2.30 Bn | 2.12 Bn | 86.47 Mn | -0.25% |
| 6 | NWPX Infrastructure | 882.96 Mn | 841.04 Mn | 38.19 Mn | 12.47% |
| 7 | Energy Recovery | 374.69 Mn | 37.14 Mn | 4.20 Mn | - |
| 8 | Cadiz | 320.18 Mn | 285.30 Mn | -24,000.00 | - |
| 9 | AirJoule Technologies | 179.57 Mn | 59.19 Mn | - | - |
| 10 | LanzaTech Global | 58.06 Mn | -39.57 Mn | 1.91 Mn | - |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 9.96% |
| Jun 30, 2026 | 10.99% |
| Mar 31, 2026 | 12.40% |
| Dec 31, 2025 | 12.50% |
| Sep 30, 2025 | 12.20% |
| Jun 30, 2025 | 13.59% |
| Mar 31, 2025 | 13.97% |
| Dec 31, 2024 | 14.27% |
| Sep 30, 2024 | 14.05% |
| Jun 30, 2024 | 12.19% |
| Mar 31, 2024 | 11.01% |
| Dec 31, 2023 | 9.67% |
| Sep 30, 2023 | 8.97% |
| Jun 30, 2023 | 8.81% |
| Mar 31, 2023 | 8.64% |
| Dec 31, 2022 | 8.07% |
| Sep 30, 2022 | 8.09% |
| Jun 30, 2022 | 7.83% |
| Mar 31, 2022 | 7.77% |
| Dec 31, 2021 | 8.81% |
API Access
Ecolab Return on Invested Capital [ROIC] 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-invested-capital-%5Broic%5D&ticker=ECL&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "return-on-invested-capital-[roic]", "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-invested-capital-%5Broic%5D&ticker=ECL&period=max&api_key=YOUR_API_KEY");
const data = await res.json();