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Side-by-side financial comparison of Ecolab (ECL) and Molson Coors Beverage Company (TAP). Click either name above to swap in a different company.
Ecolab is the larger business by last-quarter revenue ($4.1B vs $3.1B, roughly 1.3× Molson Coors Beverage Company). Ecolab runs the higher net margin — 10.6% vs 6.7%, a 3.9% gap on every dollar of revenue. On growth, Ecolab posted the faster year-over-year revenue change (10.0% vs 6.1%). Over the past eight quarters, Ecolab's revenue compounded faster (1.0% CAGR vs -9.8%).
Ecolab Inc., headquartered in Saint Paul, Minnesota, provides products related to water treatment, sanitation, and hygiene, primarily to commercial and industrial customers.
Molson Coors Beverage Company is a Canadian-American multinational drink and brewing company headquartered in Chicago, Illinois and Montreal, Quebec.
ECL vs TAP — Head-to-Head
Income Statement — Q2 FY2026 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $4.1B | $3.1B |
| Net Profit | $432.6M | $209.3M |
| Gross Margin | — | 31.0% |
| Operating Margin | 15.3% | — |
| Net Margin | 10.6% | 6.7% |
| Revenue YoY | 10.0% | 6.1% |
| Net Profit YoY | 1.3% | -28.7% |
| EPS (diluted) | $1.52 | $1.22 |
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 | — | ||
| Q1 26 | — | $3.1B | ||
| Q4 25 | $4.2B | $3.1B | ||
| Q3 25 | $4.2B | $3.5B | ||
| Q2 25 | $4.0B | $3.7B | ||
| Q1 25 | $3.7B | $2.7B | ||
| Q4 24 | $4.0B | $3.2B | ||
| Q3 24 | $4.0B | $3.6B |
| Q2 26 | $432.6M | — | ||
| Q1 26 | — | $209.3M | ||
| Q4 25 | $563.9M | $238.3M | ||
| Q3 25 | $585.0M | $-2.9B | ||
| Q2 25 | $524.2M | $428.7M | ||
| Q1 25 | $402.5M | $121.0M | ||
| Q4 24 | $472.9M | $287.8M | ||
| Q3 24 | $736.5M | $199.8M |
| Q2 26 | — | — | ||
| Q1 26 | — | 31.0% | ||
| Q4 25 | 44.0% | 31.0% | ||
| Q3 25 | 44.8% | 33.7% | ||
| Q2 25 | 44.8% | 34.3% | ||
| Q1 25 | 44.2% | 31.6% | ||
| Q4 24 | 43.3% | 32.0% | ||
| Q3 24 | 43.4% | 33.4% |
| Q2 26 | 15.3% | — | ||
| Q1 26 | — | — | ||
| Q4 25 | 17.0% | 10.4% | ||
| Q3 25 | 18.3% | -98.5% | ||
| Q2 25 | 17.6% | 15.6% | ||
| Q1 25 | 15.0% | 6.9% | ||
| Q4 24 | 14.6% | 12.0% | ||
| Q3 24 | 26.1% | 12.5% |
| Q2 26 | 10.6% | — | ||
| Q1 26 | — | 6.7% | ||
| Q4 25 | 13.4% | 7.6% | ||
| Q3 25 | 14.0% | -84.0% | ||
| Q2 25 | 13.0% | 11.5% | ||
| Q1 25 | 10.9% | 4.5% | ||
| Q4 24 | 11.8% | 8.9% | ||
| Q3 24 | 18.4% | 5.5% |
| Q2 26 | $1.52 | — | ||
| Q1 26 | — | $1.22 | ||
| Q4 25 | $1.98 | $1.32 | ||
| Q3 25 | $2.05 | $-14.79 | ||
| Q2 25 | $1.84 | $2.13 | ||
| Q1 25 | $1.41 | $0.59 | ||
| Q4 24 | $1.65 | $1.39 | ||
| Q3 24 | $2.58 | $0.96 |
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 | $896.5M |
| Total DebtLower is stronger | $8.5M | $3.9B |
| Stockholders' EquityBook value | $10.0M | $10.4B |
| Total Assets | $25.0M | $22.7B |
| Debt / EquityLower = less leverage | 0.85× | 0.37× |
8-quarter trend — quarters aligned by calendar period.
| Q2 26 | $519.8K | — | ||
| Q1 26 | — | $896.5M | ||
| Q4 25 | $646.2M | $896.5M | ||
| Q3 25 | $2.0B | $950.2M | ||
| Q2 25 | $1.9B | $613.8M | ||
| Q1 25 | $1.2B | $412.7M | ||
| Q4 24 | $1.3B | $969.3M | ||
| Q3 24 | $1.3B | $1.0B |
| Q2 26 | $8.5M | — | ||
| Q1 26 | — | $3.9B | ||
| Q4 25 | $7.4B | $6.3B | ||
| Q3 25 | $8.1B | $6.3B | ||
| Q2 25 | $7.5B | $6.3B | ||
| Q1 25 | $7.0B | $6.2B | ||
| Q4 24 | $6.9B | $6.1B | ||
| Q3 24 | $7.0B | $6.2B |
| Q2 26 | $10.0M | — | ||
| Q1 26 | — | $10.4B | ||
| Q4 25 | $9.8B | $10.2B | ||
| Q3 25 | $9.7B | $10.3B | ||
| Q2 25 | $9.3B | $13.4B | ||
| Q1 25 | $8.9B | $13.1B | ||
| Q4 24 | $8.8B | $13.1B | ||
| Q3 24 | $8.5B | $13.3B |
| Q2 26 | $25.0M | — | ||
| Q1 26 | — | $22.7B | ||
| Q4 25 | $24.7B | $22.7B | ||
| Q3 25 | $23.9B | $22.9B | ||
| Q2 25 | $23.7B | $26.8B | ||
| Q1 25 | $22.4B | $25.9B | ||
| Q4 24 | $22.4B | $26.1B | ||
| Q3 24 | $22.1B | $26.6B |
| Q2 26 | 0.85× | — | ||
| Q1 26 | — | 0.37× | ||
| Q4 25 | 0.75× | 0.61× | ||
| Q3 25 | 0.83× | 0.61× | ||
| Q2 25 | 0.81× | 0.47× | ||
| Q1 25 | 0.79× | 0.47× | ||
| Q4 24 | 0.79× | 0.47× | ||
| Q3 24 | 0.82× | 0.47× |
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 | — | — |
| Free Cash FlowOCF − Capex | — | $1.1B |
| FCF MarginFCF / Revenue | — | 36.5% |
| Capex IntensityCapex / Revenue | — | — |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | — | $2.5B |
8-quarter trend — quarters aligned by calendar period.
| Q2 26 | — | — | ||
| Q1 26 | — | — | ||
| Q4 25 | $1.1B | $540.7M | ||
| Q3 25 | $791.3M | $616.1M | ||
| Q2 25 | $701.8M | $718.3M | ||
| Q1 25 | $369.4M | $-90.7M | ||
| Q4 24 | $766.7M | $494.5M | ||
| Q3 24 | $786.7M | $521.2M |
| Q2 26 | — | — | ||
| Q1 26 | — | $1.1B | ||
| Q4 25 | $758.0M | $357.8M | ||
| Q3 25 | $529.7M | $483.0M | ||
| Q2 25 | $485.1M | $555.0M | ||
| Q1 25 | $131.5M | $-328.0M | ||
| Q4 24 | $407.0M | $383.4M | ||
| Q3 24 | $550.3M | $350.4M |
| Q2 26 | — | — | ||
| Q1 26 | — | 36.5% | ||
| Q4 25 | 18.1% | 11.4% | ||
| Q3 25 | 12.7% | 13.9% | ||
| Q2 25 | 12.1% | 14.8% | ||
| Q1 25 | 3.6% | -12.2% | ||
| Q4 24 | 10.2% | 11.8% | ||
| Q3 24 | 13.8% | 9.7% |
| Q2 26 | — | — | ||
| Q1 26 | — | — | ||
| Q4 25 | 7.9% | 5.9% | ||
| Q3 25 | 6.3% | 3.8% | ||
| Q2 25 | 5.4% | 4.4% | ||
| Q1 25 | 6.4% | 8.8% | ||
| Q4 24 | 9.0% | 3.4% | ||
| Q3 24 | 5.9% | 4.7% |
| Q2 26 | — | — | ||
| Q1 26 | — | — | ||
| Q4 25 | 1.93× | 2.27× | ||
| Q3 25 | 1.35× | — | ||
| Q2 25 | 1.34× | 1.68× | ||
| Q1 25 | 0.92× | -0.75× | ||
| Q4 24 | 1.62× | 1.72× | ||
| Q3 24 | 1.07× | 2.61× |
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% |
TAP
Segment breakdown not available.
