Ecolab Inc (ECL)

Net profit margin

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Net income	US$ in thousands	1,372,300	1,091,700	1,144,000	-1,185,500	1,558,900
Revenue	US$ in thousands	15,483,100	14,402,400	12,885,600	11,764,600	15,132,300
Net profit margin		8.86%	7.58%	8.88%	-10.08%	10.30%

December 31, 2023 calculation

Net profit margin = Net income ÷ Revenue
= $1,372,300K ÷ $15,483,100K
= 8.86%

Ecolab, Inc.'s net profit margin has exhibited fluctuations over the past five years. In 2023, the net profit margin increased to 8.96% from 7.69% in 2022, indicating an improvement in profitability. This suggests that Ecolab effectively managed its expenses relative to its revenue, resulting in a higher percentage of profit generated for each dollar of sales.

The net profit margin was relatively stable in 2021 at 8.87%, showcasing consistency in the company's ability to convert revenue into profit during that period. However, in 2020, the net profit margin was negative at -10.22%, indicating that the company experienced a loss in that particular year. This could be attributed to various factors such as exceptional expenses, impairment charges, or economic challenges.

In 2019, Ecolab achieved a robust net profit margin of 10.46%, showcasing strong profitability and efficient cost management. Overall, while there have been fluctuations in Ecolab's net profit margin over the years, the company has demonstrated resilience and the ability to adapt to changing market conditions to maintain healthy levels of profitability.