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Sentiment · FY2026 Q2
| Quarter | Revenue | Rev YoY | EPS | EPS YoY | Op margin | Net margin | FCF |
|---|---|---|---|---|---|---|---|
| FY2024 Q4 | $4.01B | +1.7% | $1.66 | +17.7% | 17.1% | 11.8% | $407M |
| FY2025 Q1 | $3.69B | -1.5% | $1.41 | -1.4% | 15.9% | 10.9% | $132M |
| FY2025 Q2 | $4.03B | +1.0% | $1.84 | +7.6% | 17.6% | 13.0% | $485M |
| FY2025 Q3 | $4.17B | +4.2% | $2.05 | -20.5% | 18.3% | 14.0% | $530M |
| FY2025 Q4 | $4.20B | +4.8% | $1.98 | +19.3% | 18.7% | 13.4% | $758M |
| FY2026 Q1 | $4.07B | +10.0% | $1.52 | +7.8% | 15.3% | 10.6% | $97M |
| FY2026 Q2 | $4.42B | +9.7% | $1.90 | +3.3% | 17.2% | 12.1% | — |
Management’s own words, often on a non-GAAP, constant-currency, or adjusted basis — so these can differ from the GAAP figures above (e.g. constant-currency revenue growth excludes currency swings).
| Analyst | Firm | Questions (Challenge)Percentage of questions scored as challenging — where the analyst pushed back, pressed for specifics, or questioned management's assumptions. |
|---|---|---|
| Jeff Zekauskas | JPMorgan | 8 (38%) |
| Ashish Sabadra | RBC Capital Markets | 7 (0%) |
| John McNulty | BMO Capital Markets | 7 (0%) |
| John Roberts | Mizuho Securities | 7 (0%) |
| Dave Begleiter | Deutsche Bank | 7 (14%) |
| Mike Harrison | Seaport Research Partners | 7 (14%) |
| Laurence Alexander | Jefferies | 7 (0%) |
| Vincent Andrews | Morgan Stanley | 7 (0%) |
| Chris Parkinson | Wolfe Research | 7 (0%) |
| Jason Haas | Wells Fargo | 7 (0%) |
| Firm | Analysts | Questions (Challenge)Percentage of questions scored as challenging — where the analyst pushed back, pressed for specifics, or questioned management's assumptions. |
|---|---|---|
| JPMorgan | 1 | 8 (38%) |
| Morgan Stanley | 2 | 8 (0%) |
| Mizuho Securities | 1 | 7 (0%) |
| Barclays | 2 |
| 7 (14%) |
| Bank of America | 2 | 7 (14%) |
| Deutsche Bank | 1 | 7 (14%) |
| Jefferies | 1 | 7 (0%) |
| BMO Capital Markets | 1 | 7 (0%) |
Ecolab delivered 10% revenue growth and 13% adjusted EPS growth in Q1 2026, with organic sales accelerating to 4% on 3% pricing and improving volumes. Global High-Tech surged over 20% on AI data center demand, Life Sciences accelerated to 11% growth, and operating income margin expanded 70 basis points to 16.8%. FY2026 guidance of 12-15% EPS growth was reiterated, with the company on track for 20% operating margin by 2027.
Margin | Revenue Growth | Competitive Dynamics | Innovation & R&D | Demand | Pricing | Cost Pressure | M&A | |
|---|---|---|---|---|---|---|---|---|
| 2024Q4 | 8 | 7 | 4 | 2 | 1 | 3 | ||
| 2025Q1 | 5 | 5 | 1 | 3 | 4 | 3 | 4 | 1 |
| 2025Q2 | 9 | 2 | 3 | 3 | 3 | 3 | 1 | 2 |
| 2025Q3 | 4 | 7 | 7 | 5 | 3 | 2 | 2 | |
| 2025Q4 | 8 | 9 | 4 | 4 | 5 | 2 | 3 | |
| 2026Q1 | 7 | 4 | 4 | 4 | 2 | 3 | 5 | 4 |
| '24Q4 | '25Q1 | '25Q2 | '25Q3 | '25Q4 | '26Q1 | |
|---|---|---|---|---|---|---|
| Margin | 8 | 5 | 9 | 4 | 8 | 7 |
| Revenue Growth | 7 | 5 | 2 | 7 | 9 | 4 |
| Competitive Dynamics | 4 | 1 | 3 | 7 | 4 | 4 |
| Innovation & R&D | 2 | 3 | 3 | 5 | 4 | 4 |
| Demand | 4 | 3 | 3 | 5 | 2 | |
| Pricing | 1 | 3 | 3 | 2 | 2 | 3 |
| Cost Pressure | 3 | 4 | 1 | 5 | ||
| M&A | 1 | 2 | 2 | 3 | 4 |
What ECL and other companies said about each other on FY2026 Q1 earnings calls — extracted verbatim from public transcripts. Mentions from the newest quarter are a Pro feature.
“the latest NVIDIA chips, the type of temperature that they're going to have.”
Ecolab cites the operating temperatures of the latest NVIDIA chips as the driver of demand for its direct-to-chip liquid cooling technology.
“Our pending acquisition of CoolIT builds on this momentum, adding a scaled direct-to-chip liquid cooling platform”
Ecolab's pending CoolIT acquisition adds a direct-to-chip liquid cooling platform for AI data centers; CoolIT is reportedly growing near triple digits.
“Ovivo expands our ultra-pure water and end-to-end microelectronics offering in a business expected to grow at mid-teens rate this year”
Ecolab's acquired Ovivo expands its ultra-pure water and microelectronics offering, expected to grow mid-teens on fab-expansion demand.
| Company | Score | Trend | Rev YoY |
|---|---|---|---|
ECL Ecolab | 7 | +10.0% | |
| ALB Albemarle Corporation | 9 | +32.7% | |
| APD Air Products | 9 | +8.8% | |
| DD DuPont | 6 | -45.2% | |
| IFF International Flavors & Fragrances | 6 | -3.6% | |
| LIN Linde plc | 9 | +8.3% | |
| LYB LyondellBasell | 4 | -6.3% | |
| PPG PPG Industries | 6 | +6.7% | |
| SHW The Sherwin-Williams Company | 6 | +6.8% |