Ecolab Inc (ECL)

Pretax 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
Earnings before tax but after interest (EBT) (ttm) US$ in thousands 1,734,800 1,846,100 1,752,600 1,721,200 1,652,900 1,708,700 1,699,700 1,711,700 1,753,900 1,810,900 1,704,300 -708,400 -637,700 -877,600 -621,700 1,851,500 1,847,500 1,874,200 1,805,200 1,803,400
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
Pretax margin 11.23% 12.16% 11.76% 11.75% 11.52% 12.16% 12.43% 12.92% 13.64% 14.42% 14.00% -6.08% -5.16% -6.69% -4.47% 12.40% 12.45% 12.68% 12.28% 12.33%

December 31, 2023 calculation

Pretax margin = EBT (ttm) ÷ Revenue (ttm)
= $1,734,800K ÷ $15,449,600K
= 11.23%

The pretax margin of Ecolab, Inc. has shown fluctuations over the past few quarters. In Q4 2023, the pretax margin increased to 11.46%, a notable improvement from the previous quarter's 10.23% in Q3 2023. However, the pretax margin has been consistently above 9% for the past eight quarters, indicating the company's ability to generate profits before taxes relative to its total revenue. Although there was a slight dip in Q1 and Q2 2023 compared to the previous quarters, the pretax margin remained relatively stable around the 10% mark throughout 2022. This demonstrates Ecolab's efficiency in managing costs and generating earnings, albeit with some variability in performance from quarter to quarter.


Peer comparison

Dec 31, 2023