Analysis of Profitability Ratios
Quarterly Data
Profitability ratios measure the company ability to generate profitable sales from its resources (assets).
Profitability Ratios (Summary)
Ecolab Inc., profitability ratios (quarterly data)
Based on: 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31), 10-K (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-Q (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31), 10-K (reporting date: 2018-12-31), 10-Q (reporting date: 2018-09-30), 10-Q (reporting date: 2018-06-30), 10-Q (reporting date: 2018-03-31), 10-K (reporting date: 2017-12-31), 10-Q (reporting date: 2017-09-30), 10-Q (reporting date: 2017-06-30), 10-Q (reporting date: 2017-03-31).
| Profitability ratio | Description | The company |
|---|---|---|
| Gross profit margin | Gross profit margin indicates the percentage of revenue available to cover operating and other expenditures. | Ecolab Inc. gross profit margin ratio deteriorated from Q2 2021 to Q3 2021 and from Q3 2021 to Q4 2021. |
| Operating profit margin | A profitability ratio calculated as operating income divided by revenue. | Ecolab Inc. operating profit margin ratio improved from Q2 2021 to Q3 2021 but then deteriorated significantly from Q3 2021 to Q4 2021. |
| Net profit margin | An indicator of profitability, calculated as net income divided by revenue. | Ecolab Inc. net profit margin ratio improved from Q2 2021 to Q3 2021 but then slightly deteriorated from Q3 2021 to Q4 2021. |
| Profitability ratio | Description | The company |
|---|---|---|
| ROE | A profitability ratio calculated as net income divided by shareholders’ equity. | Ecolab Inc. ROE improved from Q2 2021 to Q3 2021 but then deteriorated significantly from Q3 2021 to Q4 2021. |
| ROA | A profitability ratio calculated as net income divided by total assets. | Ecolab Inc. ROA improved from Q2 2021 to Q3 2021 but then deteriorated significantly from Q3 2021 to Q4 2021. |
Gross Profit Margin
Ecolab Inc., gross profit margin calculation (quarterly data)
| Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | Dec 31, 2018 | Sep 30, 2018 | Jun 30, 2018 | Mar 31, 2018 | Dec 31, 2017 | Sep 30, 2017 | Jun 30, 2017 | Mar 31, 2017 | |||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in thousands) | ||||||||||||||||||||||||||
| Gross profit | 1,321,500) | 1,304,100) | 1,318,700) | 1,173,000) | 1,285,000) | 1,249,000) | 1,050,000) | 1,300,400) | 1,612,500) | 1,610,500) | 1,551,200) | 1,408,700) | 1,543,700) | 1,556,500) | 1,543,500) | 1,398,600) | 1,700,000) | 1,672,000) | 1,591,100) | 1,470,100) | ||||||
| Net sales | 3,364,600) | 3,320,800) | 3,162,700) | 2,885,000) | 3,065,300) | 3,018,600) | 2,685,700) | 3,020,600) | 3,823,600) | 3,817,900) | 3,759,400) | 3,505,400) | 3,760,500) | 3,747,200) | 3,689,600) | 3,470,900) | 3,650,700) | 3,563,300) | 3,462,700) | 3,161,600) | ||||||
| Profitability Ratio | ||||||||||||||||||||||||||
| Gross profit margin1 | 40.19% | 40.86% | 41.43% | 40.82% | 41.43% | 41.53% | 41.76% | 42.12% | 41.48% | 41.19% | 41.02% | 41.17% | 41.19% | 42.58% | 43.93% | 44.97% | 46.49% | — | — | — | ||||||
| Benchmarks | ||||||||||||||||||||||||||
| Gross Profit Margin, Competitors2 | ||||||||||||||||||||||||||
| Linde plc | 43.03% | 43.89% | 44.16% | 43.80% | 43.53% | 42.76% | 42.23% | 41.58% | 41.04% | — | — | — | — | — | — | — | — | — | — | — | ||||||
| Sherwin-Williams Co. | 42.83% | 44.69% | 46.36% | 47.19% | 47.29% | 46.97% | 46.34% | 45.49% | 44.89% | — | — | — | — | — | — | — | — | — | — | — | ||||||
Based on: 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31), 10-K (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-Q (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31), 10-K (reporting date: 2018-12-31), 10-Q (reporting date: 2018-09-30), 10-Q (reporting date: 2018-06-30), 10-Q (reporting date: 2018-03-31), 10-K (reporting date: 2017-12-31), 10-Q (reporting date: 2017-09-30), 10-Q (reporting date: 2017-06-30), 10-Q (reporting date: 2017-03-31).
1 Q4 2021 Calculation
Gross profit margin = 100
× (Gross profitQ4 2021
+ Gross profitQ3 2021
+ Gross profitQ2 2021
+ Gross profitQ1 2021)
÷ (Net salesQ4 2021
+ Net salesQ3 2021
+ Net salesQ2 2021
+ Net salesQ1 2021)
= 100 × (1,321,500 + 1,304,100 + 1,318,700 + 1,173,000)
÷ (3,364,600 + 3,320,800 + 3,162,700 + 2,885,000)
= 40.19%
2 Click competitor name to see calculations.
| Profitability ratio | Description | The company |
|---|---|---|
| Gross profit margin | Gross profit margin indicates the percentage of revenue available to cover operating and other expenditures. | Ecolab Inc. gross profit margin ratio deteriorated from Q2 2021 to Q3 2021 and from Q3 2021 to Q4 2021. |
Operating Profit Margin
Ecolab Inc., operating profit margin calculation (quarterly data)
| Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | Dec 31, 2018 | Sep 30, 2018 | Jun 30, 2018 | Mar 31, 2018 | Dec 31, 2017 | Sep 30, 2017 | Jun 30, 2017 | Mar 31, 2017 | |||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in thousands) | ||||||||||||||||||||||||||
| Operating income | 387,700) | 465,800) | 447,800) | 297,300) | 416,100) | 411,400) | 192,000) | 376,200) | 560,400) | 587,600) | 498,600) | 367,200) | 581,900) | 516,200) | 494,600) | 354,300) | 627,700) | 579,800) | 439,000) | 373,300) | ||||||
| Net sales | 3,364,600) | 3,320,800) | 3,162,700) | 2,885,000) | 3,065,300) | 3,018,600) | 2,685,700) | 3,020,600) | 3,823,600) | 3,817,900) | 3,759,400) | 3,505,400) | 3,760,500) | 3,747,200) | 3,689,600) | 3,470,900) | 3,650,700) | 3,563,300) | 3,462,700) | 3,161,600) | ||||||
| Profitability Ratio | ||||||||||||||||||||||||||
| Operating profit margin1 | 12.55% | 13.09% | 12.96% | 11.30% | 11.84% | 12.27% | 12.86% | 14.03% | 13.51% | 13.71% | 13.29% | 13.33% | 13.27% | 13.69% | 14.31% | 14.14% | 14.60% | — | — | — | ||||||
| Benchmarks | ||||||||||||||||||||||||||
| Operating Profit Margin, Competitors2 | ||||||||||||||||||||||||||
| Linde plc | 16.19% | 15.71% | 15.03% | 13.70% | 12.19% | 10.90% | 10.95% | 10.91% | 10.39% | — | — | — | — | — | — | — | — | — | — | — | ||||||
| Sherwin-Williams Co. | 12.83% | 13.96% | 15.32% | 15.63% | 15.58% | 14.56% | 13.82% | 13.19% | 12.78% | — | — | — | — | — | — | — | — | — | — | — | ||||||
Based on: 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31), 10-K (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-Q (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31), 10-K (reporting date: 2018-12-31), 10-Q (reporting date: 2018-09-30), 10-Q (reporting date: 2018-06-30), 10-Q (reporting date: 2018-03-31), 10-K (reporting date: 2017-12-31), 10-Q (reporting date: 2017-09-30), 10-Q (reporting date: 2017-06-30), 10-Q (reporting date: 2017-03-31).
1 Q4 2021 Calculation
Operating profit margin = 100
× (Operating incomeQ4 2021
+ Operating incomeQ3 2021
+ Operating incomeQ2 2021
+ Operating incomeQ1 2021)
÷ (Net salesQ4 2021
+ Net salesQ3 2021
+ Net salesQ2 2021
+ Net salesQ1 2021)
= 100 × (387,700 + 465,800 + 447,800 + 297,300)
÷ (3,364,600 + 3,320,800 + 3,162,700 + 2,885,000)
= 12.55%
2 Click competitor name to see calculations.
| Profitability ratio | Description | The company |
|---|---|---|
| Operating profit margin | A profitability ratio calculated as operating income divided by revenue. | Ecolab Inc. operating profit margin ratio improved from Q2 2021 to Q3 2021 but then deteriorated significantly from Q3 2021 to Q4 2021. |
Net Profit Margin
Ecolab Inc., net profit margin calculation (quarterly data)
| Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | Dec 31, 2018 | Sep 30, 2018 | Jun 30, 2018 | Mar 31, 2018 | Dec 31, 2017 | Sep 30, 2017 | Jun 30, 2017 | Mar 31, 2017 | |||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in thousands) | ||||||||||||||||||||||||||
| Net income (loss) attributable to Ecolab | 301,000) | 324,500) | 310,800) | 193,600) | 300,300) | 246,200) | (2,035,000) | 283,400) | 429,600) | 464,200) | 368,600) | 296,500) | 395,100) | 435,400) | 351,300) | 247,300) | 565,900) | 392,400) | 296,600) | 253,500) | ||||||
| Net sales | 3,364,600) | 3,320,800) | 3,162,700) | 2,885,000) | 3,065,300) | 3,018,600) | 2,685,700) | 3,020,600) | 3,823,600) | 3,817,900) | 3,759,400) | 3,505,400) | 3,760,500) | 3,747,200) | 3,689,600) | 3,470,900) | 3,650,700) | 3,563,300) | 3,462,700) | 3,161,600) | ||||||
| Profitability Ratio | ||||||||||||||||||||||||||
| Net profit margin1 | 8.87% | 9.08% | 8.66% | -11.11% | -10.22% | -8.57% | -6.43% | 10.72% | 10.46% | 10.27% | 10.12% | 10.05% | 9.74% | 10.99% | 10.83% | 10.62% | 10.90% | — | — | — | ||||||
| Benchmarks | ||||||||||||||||||||||||||
| Net Profit Margin, Competitors2 | ||||||||||||||||||||||||||
| Linde plc | 12.42% | 11.99% | 11.37% | 10.48% | 9.18% | 8.29% | 8.37% | 8.35% | 8.09% | — | — | — | — | — | — | — | — | — | — | — | ||||||
| Sherwin-Williams Co. | 9.35% | 10.00% | 11.05% | 11.23% | 11.06% | 10.41% | 9.83% | 8.98% | 8.61% | — | — | — | — | — | — | — | — | — | — | — | ||||||
Based on: 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31), 10-K (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-Q (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31), 10-K (reporting date: 2018-12-31), 10-Q (reporting date: 2018-09-30), 10-Q (reporting date: 2018-06-30), 10-Q (reporting date: 2018-03-31), 10-K (reporting date: 2017-12-31), 10-Q (reporting date: 2017-09-30), 10-Q (reporting date: 2017-06-30), 10-Q (reporting date: 2017-03-31).
1 Q4 2021 Calculation
Net profit margin = 100
× (Net income (loss) attributable to EcolabQ4 2021
+ Net income (loss) attributable to EcolabQ3 2021
+ Net income (loss) attributable to EcolabQ2 2021
+ Net income (loss) attributable to EcolabQ1 2021)
÷ (Net salesQ4 2021
+ Net salesQ3 2021
+ Net salesQ2 2021
+ Net salesQ1 2021)
= 100 × (301,000 + 324,500 + 310,800 + 193,600)
÷ (3,364,600 + 3,320,800 + 3,162,700 + 2,885,000)
= 8.87%
2 Click competitor name to see calculations.
| Profitability ratio | Description | The company |
|---|---|---|
| Net profit margin | An indicator of profitability, calculated as net income divided by revenue. | Ecolab Inc. net profit margin ratio improved from Q2 2021 to Q3 2021 but then slightly deteriorated from Q3 2021 to Q4 2021. |
Return on Equity (ROE)
Ecolab Inc., ROE calculation (quarterly data)
| Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | Dec 31, 2018 | Sep 30, 2018 | Jun 30, 2018 | Mar 31, 2018 | Dec 31, 2017 | Sep 30, 2017 | Jun 30, 2017 | Mar 31, 2017 | |||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in thousands) | ||||||||||||||||||||||||||
| Net income (loss) attributable to Ecolab | 301,000) | 324,500) | 310,800) | 193,600) | 300,300) | 246,200) | (2,035,000) | 283,400) | 429,600) | 464,200) | 368,600) | 296,500) | 395,100) | 435,400) | 351,300) | 247,300) | 565,900) | 392,400) | 296,600) | 253,500) | ||||||
| Total Ecolab shareholders’ equity | 7,224,200) | 6,933,500) | 6,709,100) | 6,292,300) | 6,166,500) | 6,014,700) | 5,855,200) | 8,822,100) | 8,685,300) | 8,567,700) | 8,225,400) | 8,220,700) | 8,003,200) | 7,929,400) | 7,849,500) | 7,601,000) | 7,618,500) | 7,222,300) | 6,919,700) | 6,809,400) | ||||||
| Profitability Ratio | ||||||||||||||||||||||||||
| ROE1 | 15.64% | 16.29% | 15.66% | -20.58% | -19.54% | -17.89% | -14.65% | 17.52% | 17.95% | 17.79% | 18.18% | 17.98% | 17.86% | 20.18% | 19.83% | 19.76% | 19.80% | — | — | — | ||||||
| Benchmarks | ||||||||||||||||||||||||||
| ROE, Competitors2 | ||||||||||||||||||||||||||
| Linde plc | 8.69% | 8.05% | 7.19% | 6.29% | 5.29% | 4.86% | 5.00% | 5.23% | 4.66% | — | — | — | — | — | — | — | — | — | — | — | ||||||
| Sherwin-Williams Co. | 76.50% | 73.13% | 76.43% | 68.81% | 56.23% | 44.49% | 45.03% | 49.19% | 37.38% | — | — | — | — | — | — | — | — | — | — | — | ||||||
Based on: 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31), 10-K (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-Q (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31), 10-K (reporting date: 2018-12-31), 10-Q (reporting date: 2018-09-30), 10-Q (reporting date: 2018-06-30), 10-Q (reporting date: 2018-03-31), 10-K (reporting date: 2017-12-31), 10-Q (reporting date: 2017-09-30), 10-Q (reporting date: 2017-06-30), 10-Q (reporting date: 2017-03-31).
1 Q4 2021 Calculation
ROE = 100
× (Net income (loss) attributable to EcolabQ4 2021
+ Net income (loss) attributable to EcolabQ3 2021
+ Net income (loss) attributable to EcolabQ2 2021
+ Net income (loss) attributable to EcolabQ1 2021)
÷ Total Ecolab shareholders’ equity
= 100 × (301,000 + 324,500 + 310,800 + 193,600)
÷ 7,224,200 = 15.64%
2 Click competitor name to see calculations.
| Profitability ratio | Description | The company |
|---|---|---|
| ROE | A profitability ratio calculated as net income divided by shareholders’ equity. | Ecolab Inc. ROE improved from Q2 2021 to Q3 2021 but then deteriorated significantly from Q3 2021 to Q4 2021. |
Return on Assets (ROA)
Ecolab Inc., ROA calculation (quarterly data)
| Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | Dec 31, 2018 | Sep 30, 2018 | Jun 30, 2018 | Mar 31, 2018 | Dec 31, 2017 | Sep 30, 2017 | Jun 30, 2017 | Mar 31, 2017 | |||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in thousands) | ||||||||||||||||||||||||||
| Net income (loss) attributable to Ecolab | 301,000) | 324,500) | 310,800) | 193,600) | 300,300) | 246,200) | (2,035,000) | 283,400) | 429,600) | 464,200) | 368,600) | 296,500) | 395,100) | 435,400) | 351,300) | 247,300) | 565,900) | 392,400) | 296,600) | 253,500) | ||||||
| Total assets | 21,206,400) | 17,926,200) | 18,533,700) | 18,208,100) | 18,126,000) | 18,097,100) | 18,082,400) | 22,339,600) | 20,869,100) | 20,835,600) | 20,827,600) | 20,927,600) | 20,074,500) | 19,962,600) | 19,951,600) | 20,184,300) | 19,962,400) | 19,856,700) | 19,523,400) | 19,223,000) | ||||||
| Profitability Ratio | ||||||||||||||||||||||||||
| ROA1 | 5.33% | 6.30% | 5.67% | -7.11% | -6.65% | -5.94% | -4.74% | 6.92% | 7.47% | 7.32% | 7.18% | 7.06% | 7.12% | 8.01% | 7.80% | 7.44% | 7.56% | — | — | — | ||||||
| Benchmarks | ||||||||||||||||||||||||||
| ROA, Competitors2 | ||||||||||||||||||||||||||
| Linde plc | 4.69% | 4.24% | 3.90% | 3.42% | 2.83% | 2.57% | 2.65% | 2.77% | 2.64% | — | — | — | — | — | — | — | — | — | — | — | ||||||
| Sherwin-Williams Co. | 9.02% | 9.49% | 10.58% | 10.37% | 9.95% | 9.00% | 8.50% | 7.86% | 7.52% | — | — | — | — | — | — | — | — | — | — | — | ||||||
Based on: 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31), 10-K (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-Q (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31), 10-K (reporting date: 2018-12-31), 10-Q (reporting date: 2018-09-30), 10-Q (reporting date: 2018-06-30), 10-Q (reporting date: 2018-03-31), 10-K (reporting date: 2017-12-31), 10-Q (reporting date: 2017-09-30), 10-Q (reporting date: 2017-06-30), 10-Q (reporting date: 2017-03-31).
1 Q4 2021 Calculation
ROA = 100
× (Net income (loss) attributable to EcolabQ4 2021
+ Net income (loss) attributable to EcolabQ3 2021
+ Net income (loss) attributable to EcolabQ2 2021
+ Net income (loss) attributable to EcolabQ1 2021)
÷ Total assets
= 100 × (301,000 + 324,500 + 310,800 + 193,600)
÷ 21,206,400 = 5.33%
2 Click competitor name to see calculations.
| Profitability ratio | Description | The company |
|---|---|---|
| ROA | A profitability ratio calculated as net income divided by total assets. | Ecolab Inc. ROA improved from Q2 2021 to Q3 2021 but then deteriorated significantly from Q3 2021 to Q4 2021. |