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Side-by-side financial comparison of Ecolab (ECL) and Emerson Electric (EMR). Click either name above to swap in a different company.
Emerson Electric is the larger business by last-quarter revenue ($4.3B vs $4.1B, roughly 1.1× Ecolab). Emerson Electric runs the higher net margin — 13.9% vs 10.6%, a 3.3% gap on every dollar of revenue. On growth, Ecolab posted the faster year-over-year revenue change (10.0% vs 4.1%). Over the past eight quarters, Ecolab's revenue compounded faster (1.0% CAGR vs -0.3%).
Ecolab Inc., headquartered in Saint Paul, Minnesota, provides products related to water treatment, sanitation, and hygiene, primarily to commercial and industrial customers.
Emerson ElectricEMREarnings & Financial Report
Emerson Electric Co. is an American multinational corporation headquartered in St. Louis, Missouri. The Fortune 500 company delivers a range of engineering services, manufactures industrial automation equipment, climate control systems, and precision measurement instruments, and provides software engineering for industrial, commercial, and consumer markets.
ECL vs EMR — Head-to-Head
Income Statement — Q2 FY2026 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $4.1B | $4.3B |
| Net Profit | $432.6M | $605.0M |
| Gross Margin | — | 53.2% |
| Operating Margin | 15.3% | 17.8% |
| Net Margin | 10.6% | 13.9% |
| Revenue YoY | 10.0% | 4.1% |
| Net Profit YoY | 1.3% | 3.4% |
| EPS (diluted) | $1.52 | $1.07 |
Green = leading value per metric. Periods may differ when fiscal calendars don't align.
8-Quarter Revenue & Profit Trend
Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.
| Q2 26 | $4.1B | — | ||
| Q4 25 | $4.2B | $4.3B | ||
| Q3 25 | $4.2B | $4.9B | ||
| Q2 25 | $4.0B | $4.6B | ||
| Q1 25 | $3.7B | $4.4B | ||
| Q4 24 | $4.0B | $4.2B | ||
| Q3 24 | $4.0B | $4.6B | ||
| Q2 24 | $4.0B | $4.4B |
| Q2 26 | $432.6M | — | ||
| Q4 25 | $563.9M | $605.0M | ||
| Q3 25 | $585.0M | $637.0M | ||
| Q2 25 | $524.2M | $586.0M | ||
| Q1 25 | $402.5M | $485.0M | ||
| Q4 24 | $472.9M | $585.0M | ||
| Q3 24 | $736.5M | $996.0M | ||
| Q2 24 | $490.9M | $329.0M |
| Q2 26 | — | — | ||
| Q4 25 | 44.0% | 53.2% | ||
| Q3 25 | 44.8% | 51.9% | ||
| Q2 25 | 44.8% | 52.6% | ||
| Q1 25 | 44.2% | 53.5% | ||
| Q4 24 | 43.3% | 53.5% | ||
| Q3 24 | 43.4% | 51.3% | ||
| Q2 24 | 43.8% | 52.8% |
| Q2 26 | 15.3% | — | ||
| Q4 25 | 17.0% | 17.8% | ||
| Q3 25 | 18.3% | 16.4% | ||
| Q2 25 | 17.6% | 16.1% | ||
| Q1 25 | 15.0% | 14.2% | ||
| Q4 24 | 14.6% | 18.6% | ||
| Q3 24 | 26.1% | 14.7% | ||
| Q2 24 | 16.5% | 10.4% |
| Q2 26 | 10.6% | — | ||
| Q4 25 | 13.4% | 13.9% | ||
| Q3 25 | 14.0% | 13.1% | ||
| Q2 25 | 13.0% | 12.9% | ||
| Q1 25 | 10.9% | 10.9% | ||
| Q4 24 | 11.8% | 14.0% | ||
| Q3 24 | 18.4% | 21.6% | ||
| Q2 24 | 12.3% | 7.5% |
| Q2 26 | $1.52 | — | ||
| Q4 25 | $1.98 | $1.07 | ||
| Q3 25 | $2.05 | $1.12 | ||
| Q2 25 | $1.84 | $1.04 | ||
| Q1 25 | $1.41 | $0.86 | ||
| Q4 24 | $1.65 | $1.02 | ||
| Q3 24 | $2.58 | $1.74 | ||
| Q2 24 | $1.71 | $0.57 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $519.8K | — |
| Total DebtLower is stronger | $8.5M | $7.6B |
| Stockholders' EquityBook value | $10.0M | $20.3B |
| Total Assets | $25.0M | $41.9B |
| Debt / EquityLower = less leverage | 0.85× | 0.37× |
8-quarter trend — quarters aligned by calendar period.
| Q2 26 | $519.8K | — | ||
| Q4 25 | $646.2M | — | ||
| Q3 25 | $2.0B | — | ||
| Q2 25 | $1.9B | — | ||
| Q1 25 | $1.2B | — | ||
| Q4 24 | $1.3B | — | ||
| Q3 24 | $1.3B | — | ||
| Q2 24 | $384.0M | — |
| Q2 26 | $8.5M | — | ||
| Q4 25 | $7.4B | $7.6B | ||
| Q3 25 | $8.1B | $8.9B | ||
| Q2 25 | $7.5B | $8.3B | ||
| Q1 25 | $7.0B | $8.2B | ||
| Q4 24 | $6.9B | $6.6B | ||
| Q3 24 | $7.0B | $7.7B | ||
| Q2 24 | $7.5B | $7.1B |
| Q2 26 | $10.0M | — | ||
| Q4 25 | $9.8B | $20.3B | ||
| Q3 25 | $9.7B | $20.3B | ||
| Q2 25 | $9.3B | $19.9B | ||
| Q1 25 | $8.9B | $19.2B | ||
| Q4 24 | $8.8B | $20.5B | ||
| Q3 24 | $8.5B | $21.6B | ||
| Q2 24 | $8.3B | $20.8B |
| Q2 26 | $25.0M | — | ||
| Q4 25 | $24.7B | $41.9B | ||
| Q3 25 | $23.9B | $42.0B | ||
| Q2 25 | $23.7B | $42.5B | ||
| Q1 25 | $22.4B | $42.0B | ||
| Q4 24 | $22.4B | $42.6B | ||
| Q3 24 | $22.1B | $44.2B | ||
| Q2 24 | $21.5B | $45.6B |
| Q2 26 | 0.85× | — | ||
| Q4 25 | 0.75× | 0.37× | ||
| Q3 25 | 0.83× | 0.44× | ||
| Q2 25 | 0.81× | 0.42× | ||
| Q1 25 | 0.79× | 0.42× | ||
| Q4 24 | 0.79× | 0.32× | ||
| Q3 24 | 0.82× | 0.36× | ||
| Q2 24 | 0.91× | 0.34× |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | — | $699.0M |
| Free Cash FlowOCF − Capex | — | $602.0M |
| FCF MarginFCF / Revenue | — | 13.9% |
| Capex IntensityCapex / Revenue | — | 2.2% |
| Cash ConversionOCF / Net Profit | — | 1.16× |
| TTM Free Cash FlowTrailing 4 quarters | — | $4.4B |
8-quarter trend — quarters aligned by calendar period.
| Q2 26 | — | — | ||
| Q4 25 | $1.1B | $699.0M | ||
| Q3 25 | $791.3M | $3.1B | ||
| Q2 25 | $701.8M | $1.1B | ||
| Q1 25 | $369.4M | $241.0M | ||
| Q4 24 | $766.7M | $777.0M | ||
| Q3 24 | $786.7M | $3.3B | ||
| Q2 24 | $611.1M | $1.1B |
| Q2 26 | — | — | ||
| Q4 25 | $758.0M | $602.0M | ||
| Q3 25 | $529.7M | $2.7B | ||
| Q2 25 | $485.1M | $977.0M | ||
| Q1 25 | $131.5M | $154.0M | ||
| Q4 24 | $407.0M | $694.0M | ||
| Q3 24 | $550.3M | $2.9B | ||
| Q2 24 | $414.2M | $998.0M |
| Q2 26 | — | — | ||
| Q4 25 | 18.1% | 13.9% | ||
| Q3 25 | 12.7% | 54.9% | ||
| Q2 25 | 12.1% | 21.5% | ||
| Q1 25 | 3.6% | 3.5% | ||
| Q4 24 | 10.2% | 16.6% | ||
| Q3 24 | 13.8% | 63.1% | ||
| Q2 24 | 10.4% | 22.8% |
| Q2 26 | — | — | ||
| Q4 25 | 7.9% | 2.2% | ||
| Q3 25 | 6.3% | 8.9% | ||
| Q2 25 | 5.4% | 2.0% | ||
| Q1 25 | 6.4% | 2.0% | ||
| Q4 24 | 9.0% | 2.0% | ||
| Q3 24 | 5.9% | 9.1% | ||
| Q2 24 | 4.9% | 2.1% |
| Q2 26 | — | — | ||
| Q4 25 | 1.93× | 1.16× | ||
| Q3 25 | 1.35× | 4.86× | ||
| Q2 25 | 1.34× | 1.83× | ||
| Q1 25 | 0.92× | 0.50× | ||
| Q4 24 | 1.62× | 1.33× | ||
| Q3 24 | 1.07× | 3.35× | ||
| Q2 24 | 1.24× | 3.31× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
ECL
| Product and equipment sales | $3.2B | 78% |
| Service and lease sales | $891.5M | 22% |
EMR
| Other | $1.8B | 41% |
| Software And Systems | $1.0B | 24% |
| Intelligent Devices | $996.0M | 23% |
| Safety And Productivity | $503.0M | 12% |
