Ecolab Inc (ECL)

Operating profit margin

		Dec 31, 2023	Sep 30, 2023	Jun 30, 2023	Mar 31, 2023	Dec 31, 2022	Sep 30, 2022	Jun 30, 2022	Mar 31, 2022	Dec 31, 2021	Sep 30, 2021	Jun 30, 2021	Mar 31, 2021	Dec 31, 2020	Sep 30, 2020	Jun 30, 2020	Mar 31, 2020	Dec 31, 2019	Sep 30, 2019	Jun 30, 2019	Mar 31, 2019
Operating income (ttm)	US$ in thousands	1,992,300	1,801,500	1,718,500	1,659,600	1,562,500	1,551,000	1,533,800	1,555,800	1,598,600	1,627,000	1,572,600	1,316,800	1,395,700	1,497,800	1,635,400	1,907,800	1,845,200	1,908,900	1,876,100	1,906,300
Revenue (ttm)	US$ in thousands	15,449,600	15,182,400	14,907,900	14,648,300	14,354,100	14,047,500	13,672,600	13,250,700	12,855,500	12,556,200	12,174,900	11,647,600	12,356,200	13,114,500	13,914,900	14,930,100	14,845,200	14,782,100	14,706,100	14,631,000
Operating profit margin		12.90%	11.87%	11.53%	11.33%	10.89%	11.04%	11.22%	11.74%	12.44%	12.96%	12.92%	11.31%	11.30%	11.42%	11.75%	12.78%	12.43%	12.91%	12.76%	13.03%

December 31, 2023 calculation

Operating profit margin = Operating income (ttm) ÷ Revenue (ttm)
= $1,992,300K ÷ $15,449,600K
= 12.90%

The operating profit margin of Ecolab, Inc. has shown a generally positive trend over the past eight quarters, indicating the company's ability to efficiently generate profits from its core operations.

We observe a gradual increase in the operating profit margin from Q1 2022 to Q4 2023, with the margin ranging from 11.98% to 13.73%, showcasing consistent improvement in operational efficiency and cost management.

The highest operating profit margin was recorded in Q4 2023 at 13.73%, marking a notable peak in profitability during this period. This suggests that Ecolab's revenue generation exceeded its operating expenses, leading to enhanced profitability for the company.

Overall, the upward trajectory in the operating profit margin reflects Ecolab's strong operational performance and effectiveness in managing costs across multiple quarters, signaling a positive financial health and sustainable business operations.