Ecolab Inc (ECL) - Net Assets
Based on the latest financial reports, Ecolab Inc (ECL) has net assets worth $9.75 Billion USD as of September 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($23.90 Billion) and total liabilities ($14.14 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. Check asset resilience ratio of Ecolab Inc to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $9.75 Billion |
| % of Total Assets | 40.82% |
| Annual Growth Rate | 9.43% |
| 5-Year Change | 41.73% |
| 10-Year Change | 25.91% |
| Growth Volatility | 29.89 |
Ecolab Inc - Net Assets Trend (1985–2024)
This chart illustrates how Ecolab Inc's net assets have evolved over time, based on quarterly financial data. Also explore ECL asset base for the complete picture of this company's asset base.
Annual Net Assets for Ecolab Inc (1985–2024)
The table below shows the annual net assets of Ecolab Inc from 1985 to 2024. For live valuation and market cap data, see market value of Ecolab Inc.
| Year | Net Assets | Change |
|---|---|---|
| 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 5649.9% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | $11.52 Billion | 131.51% |
| Common Stock | $367.80 Million | 4.20% |
| Other Comprehensive Income | $-1.98 Billion | -22.63% |
| Total Equity | $8.76 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 |
|---|---|
|
Investor AB ser. B
ST:INVE-B
|
$72.22 Billion |
|
Hilton Worldwide Holdings Inc
NYSE:HLT
|
$72.48 Billion |
|
Vale SA ADR
NYSE:VALE
|
$72.74 Billion |
|
ING Groep NV
AS:INGA
|
$72.74 Billion |
|
CN YANGT.PWR GDR REG S/A
F:CYZB
|
$71.93 Billion |
|
ING Groep N.V
F:INNA
|
$71.90 Billion |
|
America Movil SAB de CV ADR
NYSE:AMX
|
$71.77 Billion |
|
Marvell Technology Group Ltd
NASDAQ:MRVL
|
$71.74 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 2023 to 2024, total equity changed from 8,044,700,000 to 8,757,300,000, a change of 712,600,000 (8.9%).
- Net income of 2,112,400,000 contributed positively to equity growth.
- Dividend payments of 664,300,000 reduced retained earnings.
- Share repurchases of 986,500,000 reduced equity.
- Other comprehensive income decreased equity by 131,600,000.
- Other factors increased equity by 382,600,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $2.11 Billion | +24.12% |
| Dividends Paid | $664.30 Million | -7.59% |
| Share Repurchases | $986.50 Million | -11.26% |
| Other Comprehensive Income | $-131.60 Million | -1.5% |
| Other Changes | $382.60 Million | +4.37% |
| Total Change | $- | 8.86% |
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: 8.32x
- 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 217.78x to 8.32x 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 | $254.22 | x |
| 1987-12-31 | $1.77 | $254.22 | x |
| 1988-12-31 | $1.97 | $254.22 | x |
| 1989-12-31 | $2.86 | $254.22 | x |
| 1990-12-31 | $2.41 | $254.22 | x |
| 1991-12-31 | $1.38 | $254.22 | x |
| 1992-12-31 | $1.39 | $254.22 | x |
| 1993-12-31 | $1.47 | $254.22 | x |
| 1994-12-31 | $1.84 | $254.22 | x |
| 1995-12-31 | $1.73 | $254.22 | x |
| 1996-12-31 | $1.94 | $254.22 | x |
| 1997-12-31 | $2.06 | $254.22 | x |
| 1998-12-31 | $2.58 | $254.22 | x |
| 1999-12-31 | $2.83 | $254.22 | x |
| 2000-12-31 | $2.87 | $254.22 | x |
| 2001-12-31 | $3.39 | $254.22 | x |
| 2002-12-31 | $4.20 | $254.22 | x |
| 2003-12-31 | $4.93 | $254.22 | x |
| 2004-12-31 | $6.00 | $254.22 | x |
| 2005-12-31 | $6.34 | $254.22 | x |
| 2006-12-31 | $6.54 | $254.22 | x |
| 2007-12-31 | $7.69 | $254.22 | x |
| 2008-12-31 | $6.30 | $254.22 | x |
| 2009-12-31 | $8.34 | $254.22 | x |
| 2010-12-31 | $8.96 | $254.22 | x |
| 2011-12-31 | $23.41 | $254.22 | x |
| 2012-12-31 | $20.33 | $254.22 | x |
| 2013-12-31 | $24.01 | $254.22 | x |
| 2014-12-31 | $23.92 | $254.22 | x |
| 2015-12-31 | $22.93 | $254.22 | x |
| 2016-12-31 | $23.26 | $254.22 | x |
| 2017-12-31 | $25.91 | $254.22 | x |
| 2018-12-31 | $27.33 | $254.22 | x |
| 2019-12-31 | $29.69 | $254.22 | x |
| 2020-12-31 | $21.49 | $254.22 | x |
| 2021-12-31 | $24.99 | $254.22 | x |
| 2022-12-31 | $25.25 | $254.22 | x |
| 2023-12-31 | $28.08 | $254.22 | x |
| 2024-12-31 | $30.56 | $254.22 | 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): 24.12%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 13.42%
- • Asset Turnover: 0.70x
- • Equity Multiplier: 2.56x
- Recent ROE (24.12%) is above the historical average (15.49%), 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 |
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: $855,794,216
- Average return on equity (ROE) among peers: 6.33%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Ecolab Inc (ECL) | $9.75 Billion | 16.70% | 1.45x | $72.00 Billion |
| Albemarle Corp (ALB) | $1.07 Billion | 18.22% | 1.67x | $19.80 Billion |
| Alto Ingredients Inc (ALTO) | $4.47 Million | 26.15% | 0.13x | $212.84 Million |
| Aemetis Inc (AMTX) | $-216.98 Million | 0.00% | 0.00x | $154.69 Million |
| Air Products and Chemicals Inc (APD) | $2.10 Billion | 12.92% | 1.14x | $62.29 Billion |
| Ashland Global Holdings Inc (ASH) | $3.58 Billion | 6.50% | 2.06x | $2.52 Billion |
| Avient Corp (AVNT) | $729.10 Million | -6.32% | 1.83x | $3.16 Billion |
| Axalta Coating Systems Ltd (AXTA) | $1.21 Billion | -18.56% | 4.56x | $6.08 Billion |
| Balchem Corporation (BCPC) | $17.90 Million | 17.32% | 0.23x | $5.16 Billion |
| BioNexus Gene Lab Corp Common stock (BGLC) | $7.18 Million | 10.47% | 0.33x | $4.87 Million |
| Bon Natural Life Ltd (BON) | $58.00 Million | -3.44% | 0.47x | $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 reportable segments: Global Industrial, Global Institutional & Specialty, Global Healthcare & Life Sciences, and Global Pest Elimination. The Global Industrial segment offers water treatment and process applications, and cleaning and sani… Read more