# Ecolab (ECL) Forecast Calculator

Interactive five-year financial forecast and DCF for Ecolab. Adjust revenue growth, margins, capex, and WACC to update revenue, free cash flow, and enterprise value.

- Canonical: https://finamodel.com/companies/ecolab/forecast
- Industry: Materials
- Forecast start year: 2026

## Historical data

| Year | Revenue | Free cash flow | EBITDA | Net income |
|---:|---:|---:|---:|---:|
| 2021 | 12562000000 | 1689400000 | 2414300000 | 1576200000 |
| 2022 | 11790200000 | 1371200000 | 1990000000 | -1185500000 |
| 2023 | 12733100000 | 1418900000 | 2203000000 | 1129900000 |
| 2024 | 14187800000 | 1075600000 | 2181000000 | 1091700000 |
| 2025 | 15320200000 | 1637000000 | 2609000000 | 1372300000 |

## Frequently asked questions

### What does Ecolab Inc. (ECL) do?

Ecolab Inc. is a global leader in providing water, hygiene, and infection prevention solutions and services. The company supplies proprietary chemicals and dispensing equipment to various customers across industrial, hospitality, healthcare, and life sciences sectors.

### How does Ecolab generate its revenue?

Ecolab operates a "razor and blade" business model, installing proprietary dispensing equipment at customer sites. Revenue is primarily generated through the recurring sale of chemical consumables and ongoing service contracts.

### What are the key capital expenditure assumptions for Ecolab's financial model?

Capital expenditure for Ecolab is assumed to be between 4.0% and 5.0% of revenue in the financial model. This includes approximately 40% for maintenance and 60% for growth, such as new customer equipment installations and investments in digital capabilities.

### What is the purpose of the provided Ecolab financial model?

This financial model serves as a comprehensive equity valuation and scenario planning tool for equity research analysts covering Ecolab. It focuses on analyzing the impact of volume growth, "value pricing" strategies, and operating margin expansion.

### Can I download an Excel financial model for Ecolab (ECL)?

Yes, an Excel financial model for Ecolab (ECL) is available for download. This model provides a forecast horizon from FY2026 to FY2030, suitable for detailed equity analysis.

### What are Ecolab's main business segments?

Ecolab's business segments, based on the 2025 realignment, include Global Water, Global Institutional & Specialty, Global Pest Elimination, and Global Life Sciences. These segments collectively cover the company's diverse offerings in water, hygiene, and infection prevention.