Ecolab Inc (ECL) - Net Assets
Based on the latest financial reports, Ecolab Inc (ECL) has net assets worth $10.03 Billion USD as of March 2026. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($25.04 Billion) and total liabilities ($15.01 Billion). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off. Also explore ECL total asset value for the complete picture of this company's asset base.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $10.03 Billion |
| % of Total Assets | 40.06% |
| Annual Growth Rate | 9.48% |
| 5-Year Change | 35.18% |
| 10-Year Change | 40.65% |
| Growth Volatility | 29.5 |
Ecolab Inc - Net Assets Trend (1985–2025)
This chart illustrates how Ecolab Inc's net assets have evolved over time, based on quarterly financial data. Check Ecolab Inc (ECL) tangible net worth to evaluate the tangible quality of the company's equity base.
Annual Net Assets for Ecolab Inc (1985–2025)
The table below shows the annual net assets of Ecolab Inc from 1985 to 2025. For live valuation and market cap data, see ECL market cap.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | $9.80 Billion | +11.55% |
| 2024-12-31 | $8.79 Billion | +8.88% |
| 2023-12-31 | $8.07 Billion | +11.21% |
| 2022-12-31 | $7.26 Billion | +0.08% |
| 2021-12-31 | $7.25 Billion | +16.96% |
| 2020-12-31 | $6.20 Billion | -28.93% |
| 2019-12-31 | $8.73 Billion | +8.35% |
| 2018-12-31 | $8.05 Billion | +4.75% |
| 2017-12-31 | $7.69 Billion | +10.30% |
| 2016-12-31 | $6.97 Billion | -0.14% |
| 2015-12-31 | $6.98 Billion | -5.44% |
| 2014-12-31 | $7.38 Billion | -0.37% |
| 2013-12-31 | $7.41 Billion | +20.28% |
| 2012-12-31 | $6.16 Billion | +7.30% |
| 2011-12-31 | $5.74 Billion | +169.16% |
| 2010-12-31 | $2.13 Billion | +6.14% |
| 2009-12-31 | $2.01 Billion | +27.87% |
| 2008-12-31 | $1.57 Billion | -18.81% |
| 2007-12-31 | $1.94 Billion | +15.20% |
| 2006-12-31 | $1.68 Billion | +1.88% |
| 2005-12-31 | $1.65 Billion | +5.55% |
| 2004-12-31 | $1.56 Billion | +20.62% |
| 2003-12-31 | $1.30 Billion | +17.79% |
| 2002-12-31 | $1.10 Billion | +24.92% |
| 2001-12-31 | $880.35 Million | +16.29% |
| 2000-12-31 | $757.01 Million | -0.66% |
| 1999-12-31 | $762.00 Million | +10.35% |
| 1998-12-31 | $690.50 Million | +25.16% |
| 1997-12-31 | $551.70 Million | +6.10% |
| 1996-12-31 | $520.00 Million | +13.86% |
| 1995-12-31 | $456.70 Million | -1.10% |
| 1994-12-31 | $461.80 Million | +23.38% |
| 1993-12-31 | $374.30 Million | +8.97% |
| 1992-12-31 | $343.50 Million | +15.19% |
| 1991-12-31 | $298.20 Million | -34.11% |
| 1990-12-31 | $452.60 Million | -12.22% |
| 1989-12-31 | $515.60 Million | +18.99% |
| 1988-12-31 | $433.30 Million | +9.92% |
| 1987-12-31 | $394.20 Million | +50.69% |
| 1985-12-31 | $261.60 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Ecolab Inc's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have grown by 6307.4% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | $12.83 Billion | 131.35% |
| Common Stock | $369.40 Million | 3.78% |
| Other Comprehensive Income | $-1.87 Billion | -19.18% |
| Total Equity | $9.77 Billion | 100.00% |
Ecolab Inc Competitors by Market Cap
The table below lists competitors of Ecolab Inc ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
O’Reilly Automotive Inc
NASDAQ:ORLY
|
$71.71 Billion |
|
Atlas Copco AB Series A
ST:ATCO-A
|
$71.73 Billion |
|
Phillips 66
NYSE:PSX
|
$71.77 Billion |
|
America Movil SAB de CV ADR
NYSE:AMX
|
$71.77 Billion |
|
Bajaj Finance Limited
NSE:BAJFINANCE
|
$71.30 Billion |
|
Schlumberger NV
NYSE:SLB
|
$71.27 Billion |
|
Vinci S.A.
PA:DG
|
$71.27 Billion |
|
National Grid plc
F:NNGD
|
$71.15 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Ecolab Inc's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 8,757,300,000 to 9,770,800,000, a change of 1,013,500,000 (11.6%).
- Net income of 2,075,600,000 contributed positively to equity growth.
- Dividend payments of 753,600,000 reduced retained earnings.
- Share repurchases of 783,800,000 reduced equity.
- Other comprehensive income increased equity by 107,700,000.
- Other factors increased equity by 367,600,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $2.08 Billion | +21.24% |
| Dividends Paid | $753.60 Million | -7.71% |
| Share Repurchases | $783.80 Million | -8.02% |
| Other Comprehensive Income | $107.70 Million | +1.1% |
| Other Changes | $367.60 Million | +3.76% |
| Total Change | $- | 11.57% |
Book Value vs Market Value Analysis
This analysis compares Ecolab Inc's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 7.79x
- The company is trading at a significant premium to its book value, suggesting the market values its earnings potential, brand, or other intangibles highly.
- The price-to-book ratio has decreased from 228.63x to 7.79x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 1985-12-31 | $1.17 | $266.88 | x |
| 1987-12-31 | $1.77 | $266.88 | x |
| 1988-12-31 | $1.97 | $266.88 | x |
| 1989-12-31 | $2.86 | $266.88 | x |
| 1990-12-31 | $2.41 | $266.88 | x |
| 1991-12-31 | $1.38 | $266.88 | x |
| 1992-12-31 | $1.39 | $266.88 | x |
| 1993-12-31 | $1.47 | $266.88 | x |
| 1994-12-31 | $1.84 | $266.88 | x |
| 1995-12-31 | $1.73 | $266.88 | x |
| 1996-12-31 | $1.94 | $266.88 | x |
| 1997-12-31 | $2.06 | $266.88 | x |
| 1998-12-31 | $2.58 | $266.88 | x |
| 1999-12-31 | $2.83 | $266.88 | x |
| 2000-12-31 | $2.87 | $266.88 | x |
| 2001-12-31 | $3.39 | $266.88 | x |
| 2002-12-31 | $4.20 | $266.88 | x |
| 2003-12-31 | $4.93 | $266.88 | x |
| 2004-12-31 | $6.00 | $266.88 | x |
| 2005-12-31 | $6.34 | $266.88 | x |
| 2006-12-31 | $6.54 | $266.88 | x |
| 2007-12-31 | $7.69 | $266.88 | x |
| 2008-12-31 | $6.30 | $266.88 | x |
| 2009-12-31 | $8.34 | $266.88 | x |
| 2010-12-31 | $8.96 | $266.88 | x |
| 2011-12-31 | $23.41 | $266.88 | x |
| 2012-12-31 | $20.33 | $266.88 | x |
| 2013-12-31 | $24.01 | $266.88 | x |
| 2014-12-31 | $23.92 | $266.88 | x |
| 2015-12-31 | $22.93 | $266.88 | x |
| 2016-12-31 | $23.26 | $266.88 | x |
| 2017-12-31 | $25.91 | $266.88 | x |
| 2018-12-31 | $27.33 | $266.88 | x |
| 2019-12-31 | $29.69 | $266.88 | x |
| 2020-12-31 | $21.49 | $266.88 | x |
| 2021-12-31 | $24.99 | $266.88 | x |
| 2022-12-31 | $25.25 | $266.88 | x |
| 2023-12-31 | $28.08 | $266.88 | x |
| 2024-12-31 | $30.56 | $266.88 | x |
| 2025-12-31 | $34.26 | $266.88 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Ecolab Inc utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 21.24%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 12.91%
- • Asset Turnover: 0.65x
- • Equity Multiplier: 2.53x
- Recent ROE (21.24%) is above the historical average (15.64%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 1985 | 16.70% | 5.38% | 1.71x | 1.82x | $17.54 Million |
| 1987 | 35.97% | 13.90% | 1.06x | 2.43x | $102.38 Million |
| 1988 | 10.18% | 3.64% | 1.28x | 2.18x | $770.00K |
| 1989 | 0.60% | 0.24% | 1.25x | 2.02x | $-48.46 Million |
| 1990 | 11.86% | 3.86% | 1.50x | 2.05x | $8.44 Million |
| 1991 | -81.69% | -26.54% | 1.00x | 3.09x | $-273.42 Million |
| 1992 | 18.72% | 6.40% | 1.21x | 2.42x | $29.95 Million |
| 1993 | 20.46% | 7.35% | 1.21x | 2.30x | $39.17 Million |
| 1994 | 18.32% | 7.01% | 1.18x | 2.21x | $38.42 Million |
| 1995 | 21.72% | 7.40% | 1.26x | 2.32x | $53.53 Million |
| 1996 | 21.77% | 7.60% | 1.23x | 2.32x | $61.20 Million |
| 1997 | 24.29% | 8.17% | 1.16x | 2.57x | $78.83 Million |
| 1998 | 27.88% | 10.19% | 1.28x | 2.13x | $123.45 Million |
| 1999 | 23.07% | 8.45% | 1.31x | 2.08x | $99.60 Million |
| 2000 | 27.23% | 9.10% | 1.32x | 2.26x | $130.43 Million |
| 2001 | 21.37% | 7.99% | 0.93x | 2.87x | $100.13 Million |
| 2002 | 19.07% | 6.16% | 1.18x | 2.62x | $99.79 Million |
| 2003 | 21.41% | 7.37% | 1.17x | 2.49x | $147.81 Million |
| 2004 | 18.09% | 6.76% | 1.13x | 2.38x | $126.44 Million |
| 2005 | 19.37% | 7.05% | 1.19x | 2.30x | $154.56 Million |
| 2006 | 21.94% | 7.53% | 1.11x | 2.63x | $200.59 Million |
| 2007 | 22.07% | 7.81% | 1.16x | 2.44x | $233.63 Million |
| 2008 | 28.51% | 7.30% | 1.29x | 3.03x | $290.94 Million |
| 2009 | 20.86% | 7.07% | 1.18x | 2.51x | $217.21 Million |
| 2010 | 24.91% | 8.71% | 1.25x | 2.29x | $317.38 Million |
| 2011 | 8.16% | 6.77% | 0.37x | 3.22x | $-104.17 Million |
| 2012 | 11.58% | 5.94% | 0.67x | 2.89x | $95.90 Million |
| 2013 | 13.18% | 7.30% | 0.67x | 2.67x | $233.37 Million |
| 2014 | 16.44% | 8.42% | 0.73x | 2.66x | $471.21 Million |
| 2015 | 14.50% | 7.40% | 0.73x | 2.70x | $311.11 Million |
| 2016 | 17.82% | 9.35% | 0.72x | 2.66x | $539.49 Million |
| 2017 | 19.75% | 10.87% | 0.69x | 2.62x | $742.75 Million |
| 2018 | 17.86% | 9.74% | 0.73x | 2.51x | $628.78 Million |
| 2019 | 17.95% | 12.41% | 0.60x | 2.40x | $690.37 Million |
| 2020 | -19.54% | -10.22% | 0.65x | 2.94x | $-1.82 Billion |
| 2021 | 15.64% | 8.87% | 0.60x | 2.94x | $407.48 Million |
| 2022 | 15.09% | 7.69% | 0.66x | 2.97x | $368.09 Million |
| 2023 | 17.06% | 8.96% | 0.70x | 2.72x | $567.83 Million |
| 2024 | 24.12% | 13.42% | 0.70x | 2.56x | $1.24 Billion |
| 2025 | 21.24% | 12.91% | 0.65x | 2.53x | $1.10 Billion |
Industry Comparison
This section compares Ecolab Inc's net assets metrics with peer companies in the Specialty Chemicals industry.
Industry Context
- Industry: Specialty Chemicals
- Average net assets among peers: $2,772,101,347
- Average return on equity (ROE) among peers: -1.20%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Ecolab Inc (ECL) | $10.03 Billion | 16.70% | 1.50x | $71.55 Billion |
| Albemarle Corp (ALB) | $4.47 Billion | 8.41% | 1.34x | $13.85 Billion |
| Alto Ingredients Inc (ALTO) | $2.78 Million | 8.90% | 0.65x | $212.84 Million |
| Aemetis Inc (AMTX) | $23.53 Million | -21.44% | 0.43x | $120.33 Million |
| Air Products and Chemicals Inc (APD) | $18.67 Billion | 20.50% | 1.12x | $62.29 Billion |
| Ashland Global Holdings Inc (ASH) | $2.87 Billion | 5.89% | 0.97x | $2.97 Billion |
| Avient Corp (AVNT) | $375.30 Million | -66.91% | 4.07x | $3.38 Billion |
| Axalta Coating Systems Ltd (AXTA) | $1.26 Billion | 3.09% | 3.66x | $6.23 Billion |
| Balchem Corporation (BCPC) | $39.78 Million | 14.17% | 0.43x | $5.17 Billion |
| BioNexus Gene Lab Corp Common stock (BGLC) | $7.18 Million | 10.47% | 0.33x | $3.64 Million |
| Bon Natural Life Ltd (BON) | $4.55 Million | 4.91% | 2.66x | $7.30 Million |
About Ecolab Inc
Ecolab Inc. provides water, hygiene, and infection prevention solutions and services in the United States and internationally. The company operates through four segments: Global Water, Global Institutional & Specialty, Global Pest Elimination, and Global Life Sciences. The Global Water segment offers water treatment and process applications, and cleaning and sanitizing solutions to manufacturing,… Read more