Ecolab Inc (ECL)

Gross profit margin

		Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Gross profit	US$ in thousands	6,841,700	6,187,800	5,356,800	5,117,300	4,884,400
Revenue	US$ in thousands	15,741,400	15,320,200	14,187,800	12,733,100	11,790,200
Gross profit margin		43.46%	40.39%	37.76%	40.19%	41.43%

December 31, 2024 calculation

Gross profit margin = Gross profit ÷ Revenue
= $6,841,700K ÷ $15,741,400K
= 43.46%

The gross profit margin of Ecolab Inc has shown some fluctuations over the years. From 2020 to 2022, the gross profit margin declined from 41.43% to 37.76%, indicating a decrease in the percentage of revenue retained after accounting for the cost of goods sold. However, in 2023, there was a slight recovery with the gross profit margin increasing to 40.39%, and in 2024, a more significant improvement was observed with the margin rising to 43.46%.

These fluctuations suggest that Ecolab Inc may have experienced changes in its cost structure, pricing strategies, or product mix during this period. It is important for the company to monitor and manage its cost of goods sold effectively to improve its gross profit margin and overall profitability in the future.