ECL
Ecolab Inc.

Ecolab Inc.ECL

Basic Materials · Specialty Chemicals
288.53USD
-1.29%
Oct 24, 2026
ECL overview ready
Ecolab is a diversified water, hygiene, life-sciences and industrial-services company that now also has a direct AI-data-center cooling platform through its completed acquisition of CoolIT Systems.
Strong narrative exposure
Exposed to the AI Compute Infrastructure Buildout narrative through AI Data Center Power and Thermal Systems — enabling supplier.
Price action is under distribution
Longer-term context reads established trend, with a near-term setup of daily advance.
Demanding valuation
The price embeds expectations that run ahead of the cash the business currently produces.
Unremarkable fundamentals
Primary risk
Exposure to industrial cyclicality.
Market Oct 23Filing Jun 30Price action Oct 23Research Oct 8

Conviction Level

NarrativeHeat8.7ThemeHeat9.3PriceAction10.0Valuation2.5CompanyPosition9.3BusinessQuality7.7
Price
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Price Action

Price action is under distribution
Longer-term context reads established trend, with a near-term setup of daily advance.
EntryReset + recovery

The stock remains extended from its long-term weekly base, but the recent reset toward the daily SMA200 aligned with support at the weekly EMA21. Daily structure is recovering above the fast averages, improving the current entry location.

Key Financials

Market Cap
$81.9B
Avg Volume (60D)
1.3M
60 sessions
Revenue Growth YoY
+2.2%
FY2025 vs FY2024
Gross Margin
+44.2%
Operating Margin
+16.9%
Trailing twelve months
Free Cash Flow Yield
+2.3%
Distance from 200DMA
+5.2%
Next Earnings
2026-10-27
P/E
38.7x
EV / Sales
5.3x
Market metrics as of Oct 22, 2026
Financial results for the period ended Jun 30, 2026
Filed balance-sheet data as of Jun 30, 2026

Fundamentals & Valuation

Only one valuation perspective could be built for this company, and it reads expensive.
Ecolab Inc. has an Expensive valuation stance because the price embeds expectations that run ahead of the cash the business currently produces. It trades at a 2.3% free-cash-flow yield and 5.3x revenue, which require sustained delivery to be justified.

Company Research

Thesis
Ecolab is a diversified water, hygiene, life-sciences and industrial-services company that now also has a direct AI-data-center cooling platform through its completed acquisition of CoolIT Systems.
Opportunity
Moderate opportunity
Hyperscaler and colocation capital spending on high-density AI data-center electrical and liquid-cooling infrastructure.
Key risk
Exposure to industrial cyclicality.

Narrative & Theme

AI Compute Infrastructure Buildout
Part of AI Data Center Power and Thermal Systems, with strong fit.
The company has a genuine same-driver fit: AI server density is increasing liquid-cooling requirements, and Ecolab closed its CoolIT acquisition in July 2026, adding direct liquid cooling for high-density AI data centers.
Narrative HeatHot8.7 / 10
Theme HeatHot9.3 / 10

Business & Markets

Basic Materials · Specialty Chemicals
What they do

Ecolab Inc. provides water, hygiene, and infection prevention solutions and services globally through four segments focused on water treatment, institutional cleaning, pest elimination, and life sciences.

How it earns

Primarily recurring revenue from service contracts and product sales to industrial and institutional customers.

Products & services
Water treatment and process applications
Cleaning and sanitizing solutions
Pest elimination services
Infection prevention solutions
Customers & end markets
Manufacturing industries
Food and beverage processing
Institutional facilities
Healthcare and life sciences
Market position

Market leader in specialty chemicals and hygiene solutions with a broad global footprint.

Demand drivers
Medium cyclicality

Demand is linked to industrial activity and institutional spending, which can fluctuate with economic cycles.