Question 1

What is Ecolab's P/FCF ratio?

Accepted Answer

Ecolab (ECL) P/FCF ratio is 39.1× as of June 5, 2026. The ratio is calculated by dividing market capitalisation by trailing twelve-month free cash flow, using USD-normalised financials (IAS 21 exchange-rate translation for non-USD reporters).

Question 2

How is the P/FCF ratio calculated?

Accepted Answer

P/FCF = Market Capitalisation ÷ Trailing Twelve-Month (TTM) Free Cash Flow, where Free Cash Flow = Operating Cash Flow − Capital Expenditures. All inputs are sourced from audited GAAP/IFRS filings and translated to USD using period-end exchange rates so the multiple is comparable across companies and currencies.

Question 3

What is the P/FCF ratio?

Accepted Answer

The price-to-free-cash-flow (P/FCF) ratio compares a company's market capitalisation to its trailing twelve-month (TTM) free cash flow. It is calculated as market cap ÷ TTM free cash flow, where free cash flow = operating cash flow − capital expenditures. Because FCF cannot be inflated by non-cash accounting items, P/FCF is often considered a cleaner measure of "earnings-power valuation" than P/E — especially for capital-intensive businesses where depreciation diverges from real cash outflows.

Question 4

What is a good P/FCF ratio for Ecolab?

Accepted Answer

Mature companies that consistently convert profit into cash often trade at 15–25× P/FCF; capital-intensive businesses with lumpy capex typically trade lower. Compare against sector peers and against the company's own multi-year average — single-year P/FCF can be distorted by working-capital swings. For Ecolab specifically, the relevant sector benchmark is the current sector median of 27.1×.

Question 5

Is Ecolab's P/FCF ratio high or low?

Accepted Answer

Ecolab's P/FCF ratio of 39.1× is below its own 5-year average of 40.4× and above the sector median of 27.1×. That places the current reading at the 41th percentile of its 10-year history. A higher multiple usually reflects stronger expected growth, lower perceived risk, or higher returns on capital; a lower multiple reflects the opposite.

Question 6

What is Ecolab's historical P/FCF ratio range?

Accepted Answer

In the available daily series, Ecolab (ECL) P/FCF ratio has ranged from a low of 17.3× in 2002 to a high of 161.7× in 2012. The 5-year average is 40.4× and the 5-year median is 40.1×.

Question 7

What was Ecolab's P/FCF ratio in 2025?

Accepted Answer

Ecolab (ECL) P/FCF ratio at the end of 2025 was 38.9×. Annual values reflect the multiple on the last trading day of each calendar year, using the trailing twelve-month free cash flow figure available at that date.

Question 8

Why does Ecolab's P/FCF ratio change over time?

Accepted Answer

Valuation multiples move with two inputs: the numerator (market capitalisation, which tracks the share price) and the denominator (free cash flow). Share-price changes — driven by interest rates, earnings expectations, risk appetite, and broader market sentiment — typically dominate short-term moves, while changes in the underlying fundamental drive the longer-term trend. As a result, the ratio can rise during stock-price rallies even if the business itself has not become more valuable, and fall during sell-offs even when fundamentals are improving.


2025	$74.16B	$1.90B	38.9×	+2.1×	Dec 31, 2025
2024	$66.95B	$1.82B	36.8×	+2.2×	Dec 31, 2024
2023	$56.59B	$1.64B	34.6×	-3.9×	Dec 31, 2023
2022	$41.43B	$1.08B	38.5×	-8.9×	Dec 31, 2022
2021	$67.26B	$1.42B	47.4×	+2.3×	Dec 31, 2021
2020	$61.79B	$1.37B	45.1×	+10.7×	Dec 31, 2020
2019	$55.64B	$1.62B	34.3×	+4.7×	Dec 31, 2019
2018	$42.44B	$1.43B	29.7×	-2.1×	Dec 31, 2018
2017	$38.79B	$1.22B	31.7×	+2.8×	Dec 31, 2017
2016	$34.19B	$1.18B	28.9×	+0.3×	Dec 31, 2016
2015	$33.83B	$1.18B	28.6×	-2.1×	Dec 31, 2015
2014	$31.37B	$1.02B	30.7×	-4.3×	Dec 31, 2014
2013	$31.41B	$897.50M	35.0×	-0.5×	Dec 31, 2013
2012	$21.12B	$595.50M	35.5×	-17.3×	Dec 31, 2012
2011	$16.85B	$319.50M	52.7×	+34.8×	Dec 31, 2011
2010	$11.70B	$652.70M	17.9×	-8.5×	Dec 31, 2010
2009	$10.49B	$397.70M	26.4×	+3.3×	Dec 31, 2009
2008	$8.30B	$358.70M	23.1×	-5.8×	Dec 31, 2008
2007	$12.62B	$436.10M	28.9×	-7.9×	Dec 31, 2007
2006	$11.29B	$306.63M	36.8×	+8.2×	Dec 31, 2006
2005	$9.20B	$321.35M	28.6×	-0.7×	Dec 31, 2005
2004	$9.00B	$306.59M	29.4×	+7.2×	Dec 31, 2004
2003	$7.03B	$317.16M	22.2×	-8.3×	Dec 31, 2003
2002	$6.42B	$210.57M	30.5×	+5.6×	Dec 31, 2002
2001	$5.14B	$206.54M	24.9×	—	Dec 31, 2001


Nucor (NUE)	74.2×
Air Products and Chemicals (APD)	58.4×
International Flavors & Fragrances (IFF)	46.4×
Linde (LIN)	45.1×
Steel Dynamics (STLD)	39.2×
Albemarle (ALB)	36.7×
Martin Marietta Materials (MLM)	34.3×
Weyerhaeuser (WY)	34.1×
Southern Copper (SCCO)	33.1×
Vulcan Materials (VMC)	32.2×
Corteva (CTVA)	27.5×
Sherwin-Williams (SHW)	27.1×
RPM International (RPM)	25.2×
H.B. Fuller (FUL)	24.7×
CRH (CRH)	24.4×
Agnico Eagle Mines (AEM)	22.3×
PPG Industries (PPG)	19.5×
Eastman Chemical (EMN)	17.5×
DuPont de Nemours (DD)	17.0×
Avient (AVNT)	16.2×
Freeport-McMoRan (FCX)	13.6×
CF Industries Holdings (CF)	12.4×
Newmont (NEM)	9.6×
LyondellBasell (LYB)	9.3×
Ashland (ASH)	7.6×

P/FCF Ratio for Ecolab (ECL)

P/FCF Ratio daily chart for Ecolab (ECL)

Historical P/FCF Ratio for Ecolab (ECL) from 2001 to 2025

About P/FCF Ratio at Ecolab (ECL)

Ecolab P/FCF Ratio by Year

Ecolab P/FCF Ratio 2025: 38.9×

Ecolab P/FCF Ratio 2024: 36.8×

Ecolab P/FCF Ratio 2023: 34.6×

Ecolab P/FCF Ratio 2022: 38.5×

Ecolab P/FCF Ratio 2021: 47.4×

Sector peers by P/FCF Ratio — chart

Sector peers by P/FCF Ratio — table

Frequently asked questions

Ecolab (ECL) Key Financials

P/FCF Ratio daily chart for Ecolab (ECL)

Historical P/FCF Ratio for Ecolab (ECL) from 2001 to 2025

About P/FCF Ratio at Ecolab (ECL)

Ecolab P/FCF Ratio by Year

Ecolab P/FCF Ratio 2025: 38.9×

Ecolab P/FCF Ratio 2024: 36.8×

Ecolab P/FCF Ratio 2023: 34.6×

Ecolab P/FCF Ratio 2022: 38.5×

Ecolab P/FCF Ratio 2021: 47.4×

Sector peers by P/FCF Ratio — chart

Sector peers by P/FCF Ratio — table

Frequently asked questions

+What is Ecolab's P/FCF ratio?

+How is the P/FCF ratio calculated?

+What is the P/FCF ratio?

+What is a good P/FCF ratio for Ecolab?

+Is Ecolab's P/FCF ratio high or low?

+What is Ecolab's historical P/FCF ratio range?

+What was Ecolab's P/FCF ratio in 2025?

+Why does Ecolab's P/FCF ratio change over time?

Ecolab (ECL) Key Financials