Ecolab
Ecolab returns on capital
Annual and trailing 12-month returns on invested capital, equity and assets.
ROIC
% · Annual / TTM
ROCE
% · Annual / TTM
ROIIC
% · Annual / TTM
ROE
% · Annual / TTM
ROA
% · Annual / TTM
ROIC − WACC
Percentage points · Scenario
Quarterly data
| Fiscal period | Ended | ROIC% | ROCE% | ROIIC% | ROE% | ROA% | ROIC − WACCPercentage points |
|---|---|---|---|---|---|---|---|
| FY 2026 Q2 | Jun 30, 2026 | 13.71% | 13.34% | -0.11% | 21.85% | 7.89% | 6 pp |
| FY 2026 Q1 | Mar 31, 2026 | 13.75% | 15.28% | -0.15% | 22.31% | 8.88% | 6.1 pp |
| FY 2025 Q4 | Dec 31, 2025 | 13.84% | 14.9% | -3.24% | 22.4% | 8.82% | 6.1 pp |
| FY 2025 Q3 | Sep 30, 2025 | 14.02% | 14.06% | -9.96% | 21.73% | 8.63% | 6.3 pp |
| FY 2025 Q2 | Jun 30, 2025 | 14.89% | 15.88% | 226.06% | 24.26% | 9.45% | 7.2 pp |
| FY 2025 Q1 | Mar 31, 2025 | 15% | 16.06% | 794.32% | 24.62% | 9.63% | 7.3 pp |
| FY 2024 Q4 | Dec 31, 2024 | 15.27% | 15.97% | — | 25.14% | 9.55% | 7.6 pp |
| FY 2024 Q3 | Sep 30, 2024 | 14.83% | 16.22% | — | 25.02% | 9.3% | 7.1 pp |
| FY 2024 Q2 | Jun 30, 2024 | 12.39% | 13.47% | — | 21.61% | 7.98% | 4.7 pp |
| FY 2024 Q1 | Mar 31, 2024 | 11.42% | 12.56% | — | 19.95% | 7.29% | 3.7 pp |
| FY 2023 Q4 | Dec 31, 2023 | 10.34% | 11.46% | 309.4% | 17.96% | 6.34% | 2.6 pp |
| FY 2023 Q3 | Sep 30, 2023 | 9.47% | 10.44% | — | 16.58% | — | 1.8 pp |
| FY 2023 Q2 | Jun 30, 2023 | 9.04% | 10.01% | — | 16.04% | — | 1.3 pp |
| FY 2023 Q1 | Mar 31, 2023 | 8.78% | 9.71% | — | 15.99% | — | 1.1 pp |
| FY 2022 Q4 | Dec 31, 2022 | 8.35% | 8.95% | — | 15.1% | 5.2% | 0.7 pp |
| FY 2022 Q3 | Sep 30, 2022 | 9.41% | 9.6% | 0.14% | 16.12% | 5.81% | 1.7 pp |
| FY 2022 Q2 | Jun 30, 2022 | 9.07% | 9.29% | 0.18% | 16.02% | 5.61% | 1.4 pp |
| FY 2022 Q1 | Mar 31, 2022 | 9.22% | 9.49% | 4.95% | 16.57% | 5.7% | 1.5 pp |
| FY 2021 Q4 | Dec 31, 2021 | 9.48% | 9.73% | 2.73% | 16.88% | 5.82% | 1.8 pp |
| FY 2021 Q3 | Sep 30, 2021 | 10.77% | 10.84% | -10.53% | 17.44% | 6.35% | 3.1 pp |
| FY 2021 Q2 | Jun 30, 2021 | 10.53% | 10.31% | -72.66% | 16.73% | 5.81% | 2.8 pp |
| FY 2021 Q1 | Mar 31, 2021 | 8.04% | 7.88% | — | -17.13% | -6.31% | 0.3 pp |
| FY 2020 Q4 | Dec 31, 2020 | 8.92% | 8.61% | — | -16.23% | -6.08% | 1.2 pp |
| FY 2020 Q3 | Sep 30, 2020 | 9.57% | 9.78% | — | -14.75% | -5.43% | 1.9 pp |
| FY 2020 Q2 | Jun 30, 2020 | 10.64% | 11.01% | — | -12.18% | -4.3% | 2.9 pp |
| FY 2020 Q1 | Mar 31, 2020 | 10.98% | 11.73% | — | 18.14% | 7.24% | 3.3 pp |
| FY 2019 Q4 | Dec 31, 2019 | 11.19% | 11.98% | — | 18.68% | 7.7% | 3.5 pp |
| FY 2019 Q3 | Sep 30, 2019 | 10.86% | 12.23% | -42.06% | 18.48% | 7.56% | 3.2 pp |
| FY 2019 Q2 | Jun 30, 2019 | 10.65% | 11.89% | -77.43% | 18.61% | 7.41% | 3 pp |
| FY 2019 Q1 | Mar 31, 2019 | 10.59% | 11.89% | -25.87% | 18.69% | 7.26% | 2.9 pp |
| FY 2018 Q4 | Dec 31, 2018 | 10.43% | 11.83% | -69.69% | 18.3% | 7.19% | 2.7 pp |
| FY 2018 Q3 | Sep 30, 2018 | 12.04% | 12.27% | 112.12% | 21.12% | 8.1% | 4.3 pp |
| FY 2018 Q2 | Jun 30, 2018 | 11.84% | 13.04% | 36.23% | 21.08% | 7.95% | 4.1 pp |
| FY 2018 Q1 | Mar 31, 2018 | 11.75% | 12.82% | 33.81% | 20.85% | 7.68% | 4 pp |
| FY 2017 Q4 | Dec 31, 2017 | 11.96% | 12.25% | 16.01% | 20.78% | 7.93% | 4.3 pp |
| FY 2017 Q3 | Sep 30, 2017 | 10.78% | 12.86% | 17.62% | 18.58% | 6.92% | 3.1 pp |
| FY 2017 Q2 | Jun 30, 2017 | 10.84% | 13.31% | 32.44% | 19.09% | 6.92% | 3.1 pp |
| FY 2017 Q1 | Mar 31, 2017 | 10.74% | 13.13% | 26.97% | 18.7% | 6.77% | 3 pp |
| FY 2016 Q4 | Dec 31, 2016 | 10.85% | 13.12% | — | 17.81% | 6.75% | 3.1 pp |
| FY 2016 Q3 | Sep 30, 2016 | 9.67% | 11.38% | -705.35% | 15.71% | 5.89% | 2 pp |
| FY 2016 Q2 | Jun 30, 2016 | 8.52% | 10.57% | — | 14.25% | 5.17% | 0.8 pp |
| FY 2016 Q1 | Mar 31, 2016 | 8.9% | 10.54% | — | 14.86% | 5.39% | 1.2 pp |
| FY 2015 Q4 | Dec 31, 2015 | 8.9% | 10.78% | — | 14.09% | 5.34% | 1.2 pp |
| FY 2015 Q3 | Sep 30, 2015 | 9.5% | 11.51% | — | 15.59% | 5.9% | 1.8 pp |
| FY 2015 Q2 | Jun 30, 2015 | 10.22% | 12.61% | — | 17.39% | 6.47% | 2.5 pp |
| FY 2015 Q1 | Mar 31, 2015 | 10.31% | 12.94% | — | 17.69% | 6.51% | 2.6 pp |
| FY 2014 Q4 | Dec 31, 2014 | 10.15% | 12.52% | — | 16.41% | 6.25% | 2.5 pp |
| FY 2014 Q3 | Sep 30, 2014 | 9.66% | 12.04% | 36.82% | 15.95% | 5.95% | 2 pp |
| FY 2014 Q2 | Jun 30, 2014 | 9.17% | 11.29% | 48.88% | 15.6% | 5.63% | 1.5 pp |
| FY 2014 Q1 | Mar 31, 2014 | 9.3% | 10.9% | 7.91% | 14.94% | 5.46% | 1.6 pp |
| FY 2013 Q4 | Dec 31, 2013 | 9.17% | 10.18% | 11.41% | 14.42% | 5.23% | 1.5 pp |
| FY 2013 Q3 | Sep 30, 2013 | 8.74% | 9.8% | 19.4% | 14.34% | 5.06% | 1 pp |
| FY 2013 Q2 | Jun 30, 2013 | 8.11% | 9.59% | 20.17% | 13.7% | 4.71% | 0.4 pp |
| FY 2013 Q1 | Mar 31, 2013 | 8.57% | 9.91% | — | 13.68% | 4.8% | 0.9 pp |
| FY 2012 Q4 | Dec 31, 2012 | 7.74% | 8.71% | 3,610.01% | 11.98% | 3.92% | 0 pp |
| FY 2012 Q3 | Sep 30, 2012 | 9.67% | 11.89% | 2.18% | 13.34% | 5.06% | 2 pp |
| FY 2012 Q2 | Jun 30, 2012 | 8.05% | 10.68% | 0.46% | 11.99% | 4.37% | 0.3 pp |
| FY 2012 Q1 | Mar 31, 2012 | 6.84% | 9.05% | -0.69% | 10.54% | 3.79% | -0.9 pp |
| FY 2011 Q4 | Dec 31, 2011 | 7.2% | 8.1% | -0.67% | 11.87% | 4.01% | -0.5 pp |
| FY 2011 Q3 | Sep 30, 2011 | 17.83% | 21.7% | -2.86% | 22.8% | 9.75% | 10.1 pp |
| FY 2011 Q2 | Jun 30, 2011 | 18.88% | 22.52% | 6.49% | 25.02% | 10.43% | 11.2 pp |
| FY 2011 Q1 | Mar 31, 2011 | 18.76% | 22.95% | 16.83% | 25.96% | 10.53% | 11.1 pp |
| FY 2010 Q4 | Dec 31, 2010 | 20.32% | 22.05% | — | 25.68% | 10.72% | 12.6 pp |
| FY 2010 Q3 | Sep 30, 2010 | 19.83% | 22.45% | — | 26.23% | 10.45% | 12.1 pp |
| FY 2010 Q2 | Jun 30, 2010 | 19.12% | 22.48% | — | 26.52% | 10.12% | 11.4 pp |
| FY 2010 Q1 | Mar 31, 2010 | — | — | — | — | — | — |
| FY 2009 Q4 | Dec 31, 2009 | — | — | — | — | — | — |
| FY 2009 Q3 | Sep 30, 2009 | — | — | — | — | — | — |
| FY 2009 Q2 | Jun 30, 2009 | — | — | — | — | — | — |
Sources and calculations
Financial inputs from company filings. Last checked Oct 18, 2026. A dash means missing inputs or an undefined calculation.
Period changes use the preceding fiscal quarter or year. Percentage changes divide by the absolute prior value; a zero or missing baseline has no percentage change. Percentage metrics show changes in percentage points.
Quarterly returns use trailing 12-month earnings and period-end balances averaged with the same fiscal quarter one year earlier. NOPAT uses the reported effective tax rate only when pretax profit is positive and the rate is between 0 and 100%. WACC starts at 7.7%, rounded from the US nonfinancial market · generic proxy benchmark in NYU Stern · January 2026. It is an editable US sector proxy applied across history, not a company estimate; foreign reporting currencies also need a currency-specific assessment.
Market prices: Yahoo Finance · ECL, USD. Latest completed close Sep 25, 2026. Price data retrieved Sep 28, 2026.
- ROIC
- NOPAT / average invested capital × 100. NOPAT = operating income × (1 − effective tax rate). Invested capital = equity including noncontrolling interests + debt − cash and equivalents. Average uses period end and one year earlier.
- ROCE
- Operating income / average (assets − current liabilities) × 100, using period end and one year earlier.
- ROIIC
- Year-over-year change in annual/TTM NOPAT / positive year-over-year change in invested capital × 100. Capital reductions and missing inputs yield unavailable values.
- ROE
- Earnings attributable to owners / average equity attributable to owners × 100, using period end and one year earlier.
- ROA
- Net income / average total assets × 100, using period end and one year earlier.
- ROIC − WACC
- ROIC less your WACC assumption, in percentage points. The same scenario rate is applied across history; it is not a reported or historical company WACC.