Stock Analysis on Net

Ecolab Inc. (NYSE:ECL)

This company has been moved to the archive! The financial data has not been updated since February 25, 2022.

Analysis of Reportable Segments

Microsoft Excel

Ecolab Inc. operates in 3 segments: Global Industrial; Global Institutional & Specialty; and Global Healthcare & Life Sciences.


Segment Profit Margin

Ecolab Inc., profit margin by reportable segment

Microsoft Excel
Dec 31, 2021 Dec 31, 2020 Dec 31, 2019 Dec 31, 2018 Dec 31, 2017
Global Industrial 16.35% 18.56% 15.34% 14.06% 14.80%
Global Institutional & Specialty 14.00% 9.00% 19.91% 19.73% 20.77%
Global Healthcare & Life Sciences 13.46% 17.46%

Based on: 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31).

Segment profitability ratio Reportable segment The company
Segment profit margin Global Industrial Global Industrial segment profit margin ratio improved from 2019 to 2020 but then slightly deteriorated from 2020 to 2021 not reaching 2019 level.
Global Institutional & Specialty Global Institutional & Specialty segment profit margin ratio deteriorated from 2019 to 2020 but then slightly improved from 2020 to 2021.
Global Healthcare & Life Sciences Global Healthcare & Life Sciences segment profit margin ratio improved from 2019 to 2020 but then slightly deteriorated from 2020 to 2021.

Segment Profit Margin: Global Industrial

Ecolab Inc.; Global Industrial; segment profit margin calculation

Microsoft Excel
Dec 31, 2021 Dec 31, 2020 Dec 31, 2019 Dec 31, 2018 Dec 31, 2017
Selected Financial Data (US$ in thousands)
Operating income (loss) 1,031,000 1,106,000 854,700 768,100 722,000
Net sales 6,304,900 5,959,900 5,569,900 5,462,400 4,878,500
Segment Profitability Ratio
Segment profit margin1 16.35% 18.56% 15.34% 14.06% 14.80%

Based on: 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31).

1 2021 Calculation
Segment profit margin = 100 × Operating income (loss) ÷ Net sales
= 100 × 1,031,000 ÷ 6,304,900 = 16.35%

Segment profitability ratio Reportable segment The company
Segment profit margin Global Industrial Global Industrial segment profit margin ratio improved from 2019 to 2020 but then slightly deteriorated from 2020 to 2021 not reaching 2019 level.

Segment Profit Margin: Global Institutional & Specialty

Ecolab Inc.; Global Institutional & Specialty; segment profit margin calculation

Microsoft Excel
Dec 31, 2021 Dec 31, 2020 Dec 31, 2019 Dec 31, 2018 Dec 31, 2017
Selected Financial Data (US$ in thousands)
Operating income (loss) 556,900 321,900 1,042,200 1,026,900 985,700
Net sales 3,978,200 3,577,200 5,235,500 5,204,500 4,744,900
Segment Profitability Ratio
Segment profit margin1 14.00% 9.00% 19.91% 19.73% 20.77%

Based on: 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31).

1 2021 Calculation
Segment profit margin = 100 × Operating income (loss) ÷ Net sales
= 100 × 556,900 ÷ 3,978,200 = 14.00%

Segment profitability ratio Reportable segment The company
Segment profit margin Global Institutional & Specialty Global Institutional & Specialty segment profit margin ratio deteriorated from 2019 to 2020 but then slightly improved from 2020 to 2021.

Segment Profit Margin: Global Healthcare & Life Sciences

Ecolab Inc.; Global Healthcare & Life Sciences; segment profit margin calculation

Microsoft Excel
Dec 31, 2021 Dec 31, 2020 Dec 31, 2019 Dec 31, 2018 Dec 31, 2017
Selected Financial Data (US$ in thousands)
Operating income (loss) 160,900 207,600
Net sales 1,195,400 1,189,100
Segment Profitability Ratio
Segment profit margin1 13.46% 17.46%

Based on: 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31).

1 2021 Calculation
Segment profit margin = 100 × Operating income (loss) ÷ Net sales
= 100 × 160,900 ÷ 1,195,400 = 13.46%

Segment profitability ratio Reportable segment The company
Segment profit margin Global Healthcare & Life Sciences Global Healthcare & Life Sciences segment profit margin ratio improved from 2019 to 2020 but then slightly deteriorated from 2020 to 2021.

Net sales

Ecolab Inc., net sales by reportable segment

US$ in thousands

Microsoft Excel
Dec 31, 2021 Dec 31, 2020 Dec 31, 2019 Dec 31, 2018 Dec 31, 2017
Global Industrial 6,304,900 5,959,900 5,569,900 5,462,400 4,878,500
Global Institutional & Specialty 3,978,200 3,577,200 5,235,500 5,204,500 4,744,900
Global Healthcare & Life Sciences 1,195,400 1,189,100
Global Energy 3,334,000 3,501,800 3,199,300
Other 1,226,900 1,093,300 907,500 877,600 823,500
Corporate 139,400 102,400
Subtotal at fixed currency 12,844,800 11,921,900 15,046,900 15,046,300 13,646,200
Effect of foreign currency translation (111,700) (131,700) (140,600) (378,100) 192,100
Consolidated reported GAAP 12,733,100 11,790,200 14,906,300 14,668,200 13,838,300

Based on: 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31).


Operating income (loss)

Ecolab Inc., operating income (loss) by reportable segment

US$ in thousands

Microsoft Excel
Dec 31, 2021 Dec 31, 2020 Dec 31, 2019 Dec 31, 2018 Dec 31, 2017
Global Industrial 1,031,000 1,106,000 854,700 768,100 722,000
Global Institutional & Specialty 556,900 321,900 1,042,200 1,026,900 985,700
Global Healthcare & Life Sciences 160,900 207,600
Global Energy 379,100 358,500 338,500
Other 187,300 131,500 167,300 161,300 149,300
Corporate (318,600) (347,500) (409,100) (307,100) (208,600)
Subtotal at fixed currency 1,617,500 1,419,500 2,034,200 2,007,700 1,986,900
Effect of foreign currency translation (18,900) (23,800) (20,400) (60,700) 32,900
Consolidated reported GAAP 1,598,600 1,395,700 2,013,800 1,947,000 2,019,800

Based on: 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31).