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Side-by-side financial comparison of Ecolab (ECL) and Stanley Black & Decker (SWK). Click either name above to swap in a different company.
Ecolab is the larger business by last-quarter revenue ($4.1B vs $3.8B, roughly 1.1× Stanley Black & Decker). Ecolab runs the higher net margin — 10.6% vs 1.4%, a 9.3% gap on every dollar of revenue. On growth, Ecolab posted the faster year-over-year revenue change (10.0% vs 0.1%). 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.
Stanley Black & Decker, Inc., formerly known as The Stanley Works, is an American manufacturer of industrial tools and household hardware, and a provider of security products. Headquartered in the Greater Hartford city of New Britain, Connecticut, Stanley Black & Decker is the result of the merger of The Stanley Works and Black & Decker on March 12, 2010.
ECL vs SWK — Head-to-Head
Income Statement — Q2 FY2026 vs Q3 FY2025
| Metric | | |
|---|---|---|
| Revenue | $4.1B | $3.8B |
| Net Profit | $432.6M | $51.4M |
| Gross Margin | — | 31.4% |
| Operating Margin | 15.3% | — |
| Net Margin | 10.6% | 1.4% |
| Revenue YoY | 10.0% | 0.1% |
| Net Profit YoY | 1.3% | -43.6% |
| EPS (diluted) | $1.52 | $0.34 |
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 | — | ||
| Q3 25 | $4.2B | $3.8B | ||
| Q2 25 | $4.0B | $3.9B | ||
| Q1 25 | $3.7B | $3.7B | ||
| Q4 24 | $4.0B | $3.7B | ||
| Q3 24 | $4.0B | $3.8B | ||
| Q2 24 | $4.0B | $4.0B |
| Q2 26 | $432.6M | — | ||
| Q4 25 | $563.9M | — | ||
| Q3 25 | $585.0M | $51.4M | ||
| Q2 25 | $524.2M | $101.9M | ||
| Q1 25 | $402.5M | $90.4M | ||
| Q4 24 | $472.9M | $194.9M | ||
| Q3 24 | $736.5M | $91.1M | ||
| Q2 24 | $490.9M | $-11.2M |
| Q2 26 | — | — | ||
| Q4 25 | 44.0% | — | ||
| Q3 25 | 44.8% | 31.4% | ||
| Q2 25 | 44.8% | 27.0% | ||
| Q1 25 | 44.2% | 29.9% | ||
| Q4 24 | 43.3% | 30.8% | ||
| Q3 24 | 43.4% | 29.9% | ||
| Q2 24 | 43.8% | 28.4% |
| Q2 26 | 15.3% | — | ||
| Q4 25 | 17.0% | — | ||
| Q3 25 | 18.3% | — | ||
| Q2 25 | 17.6% | — | ||
| Q1 25 | 15.0% | — | ||
| Q4 24 | 14.6% | 3.4% | ||
| Q3 24 | 26.1% | 10.6% | ||
| Q2 24 | 16.5% | 9.5% |
| Q2 26 | 10.6% | — | ||
| Q4 25 | 13.4% | — | ||
| Q3 25 | 14.0% | 1.4% | ||
| Q2 25 | 13.0% | 2.6% | ||
| Q1 25 | 10.9% | 2.4% | ||
| Q4 24 | 11.8% | 5.2% | ||
| Q3 24 | 18.4% | 2.4% | ||
| Q2 24 | 12.3% | -0.3% |
| Q2 26 | $1.52 | — | ||
| Q4 25 | $1.98 | — | ||
| Q3 25 | $2.05 | $0.34 | ||
| Q2 25 | $1.84 | $0.67 | ||
| Q1 25 | $1.41 | $0.60 | ||
| Q4 24 | $1.65 | $1.29 | ||
| Q3 24 | $2.58 | $0.60 | ||
| Q2 24 | $1.71 | $-0.07 |
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 | $268.3M |
| Total DebtLower is stronger | $8.5M | $5.3B |
| Stockholders' EquityBook value | $10.0M | $9.0B |
| Total Assets | $25.0M | $21.8B |
| Debt / EquityLower = less leverage | 0.85× | 0.59× |
8-quarter trend — quarters aligned by calendar period.
| Q2 26 | $519.8K | — | ||
| Q4 25 | $646.2M | — | ||
| Q3 25 | $2.0B | $268.3M | ||
| Q2 25 | $1.9B | $311.8M | ||
| Q1 25 | $1.2B | $344.8M | ||
| Q4 24 | $1.3B | $290.5M | ||
| Q3 24 | $1.3B | $298.7M | ||
| Q2 24 | $384.0M | $318.5M |
| Q2 26 | $8.5M | — | ||
| Q4 25 | $7.4B | — | ||
| Q3 25 | $8.1B | $5.3B | ||
| Q2 25 | $7.5B | $5.6B | ||
| Q1 25 | $7.0B | $5.6B | ||
| Q4 24 | $6.9B | $6.1B | ||
| Q3 24 | $7.0B | $6.1B | ||
| Q2 24 | $7.5B | $6.1B |
| Q2 26 | $10.0M | — | ||
| Q4 25 | $9.8B | — | ||
| Q3 25 | $9.7B | $9.0B | ||
| Q2 25 | $9.3B | $9.1B | ||
| Q1 25 | $8.9B | $8.8B | ||
| Q4 24 | $8.8B | $8.7B | ||
| Q3 24 | $8.5B | $8.9B | ||
| Q2 24 | $8.3B | $8.7B |
| Q2 26 | $25.0M | — | ||
| Q4 25 | $24.7B | — | ||
| Q3 25 | $23.9B | $21.8B | ||
| Q2 25 | $23.7B | $22.5B | ||
| Q1 25 | $22.4B | $22.5B | ||
| Q4 24 | $22.4B | $21.8B | ||
| Q3 24 | $22.1B | $22.5B | ||
| Q2 24 | $21.5B | $22.5B |
| Q2 26 | 0.85× | — | ||
| Q4 25 | 0.75× | — | ||
| Q3 25 | 0.83× | 0.59× | ||
| Q2 25 | 0.81× | 0.62× | ||
| Q1 25 | 0.79× | 0.63× | ||
| Q4 24 | 0.79× | 0.70× | ||
| Q3 24 | 0.82× | 0.69× | ||
| Q2 24 | 0.91× | 0.70× |
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 | — | $221.2M |
| Free Cash FlowOCF − Capex | — | $155.3M |
| FCF MarginFCF / Revenue | — | 4.1% |
| Capex IntensityCapex / Revenue | — | 1.8% |
| Cash ConversionOCF / Net Profit | — | 4.30× |
| TTM Free Cash FlowTrailing 4 quarters | — | $369.6M |
8-quarter trend — quarters aligned by calendar period.
| Q2 26 | — | — | ||
| Q4 25 | $1.1B | — | ||
| Q3 25 | $791.3M | $221.2M | ||
| Q2 25 | $701.8M | $214.3M | ||
| Q1 25 | $369.4M | $-420.0M | ||
| Q4 24 | $766.7M | $679.1M | ||
| Q3 24 | $786.7M | $285.8M | ||
| Q2 24 | $611.1M | $573.0M |
| Q2 26 | — | — | ||
| Q4 25 | $758.0M | — | ||
| Q3 25 | $529.7M | $155.3M | ||
| Q2 25 | $485.1M | $134.7M | ||
| Q1 25 | $131.5M | $-485.0M | ||
| Q4 24 | $407.0M | $564.6M | ||
| Q3 24 | $550.3M | $199.3M | ||
| Q2 24 | $414.2M | $485.8M |
| Q2 26 | — | — | ||
| Q4 25 | 18.1% | — | ||
| Q3 25 | 12.7% | 4.1% | ||
| Q2 25 | 12.1% | 3.4% | ||
| Q1 25 | 3.6% | -13.0% | ||
| Q4 24 | 10.2% | 15.2% | ||
| Q3 24 | 13.8% | 5.3% | ||
| Q2 24 | 10.4% | 12.1% |
| Q2 26 | — | — | ||
| Q4 25 | 7.9% | — | ||
| Q3 25 | 6.3% | 1.8% | ||
| Q2 25 | 5.4% | 2.0% | ||
| Q1 25 | 6.4% | 1.7% | ||
| Q4 24 | 9.0% | 3.1% | ||
| Q3 24 | 5.9% | 2.3% | ||
| Q2 24 | 4.9% | 2.2% |
| Q2 26 | — | — | ||
| Q4 25 | 1.93× | — | ||
| Q3 25 | 1.35× | 4.30× | ||
| Q2 25 | 1.34× | 2.10× | ||
| Q1 25 | 0.92× | -4.65× | ||
| Q4 24 | 1.62× | 3.48× | ||
| Q3 24 | 1.07× | 3.14× | ||
| Q2 24 | 1.24× | — |
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% |
SWK
| Tools And Outdoor Segment | $3.3B | 87% |
| Engineered Fastening Segment | $500.5M | 13% |
