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Side-by-side financial comparison of Ecolab (ECL) and TE Connectivity (TEL). Click either name above to swap in a different company.
TE Connectivity is the larger business by last-quarter revenue ($4.7B vs $4.1B, roughly 1.1× Ecolab). TE Connectivity runs the higher net margin — 16.1% vs 10.6%, a 5.4% gap on every dollar of revenue. On growth, TE Connectivity posted the faster year-over-year revenue change (21.7% vs 10.0%). Over the past eight quarters, TE Connectivity's revenue compounded faster (8.5% CAGR vs 1.0%).
Ecolab Inc., headquartered in Saint Paul, Minnesota, provides products related to water treatment, sanitation, and hygiene, primarily to commercial and industrial customers.
TE Connectivity plc is an American-Irish domiciled technology company that designs and manufactures electrical and electronic components. It serves several industries, including automotive, aerospace, defense, medical, and energy.
ECL vs TEL — Head-to-Head
Income Statement — Q2 FY2026 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $4.1B | $4.7B |
| Net Profit | $432.6M | $750.0M |
| Gross Margin | — | 37.2% |
| Operating Margin | 15.3% | 20.6% |
| Net Margin | 10.6% | 16.1% |
| Revenue YoY | 10.0% | 21.7% |
| Net Profit YoY | 1.3% | 42.0% |
| EPS (diluted) | $1.52 | $2.53 |
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 | $4.7B | ||
| Q3 25 | $4.2B | $4.7B | ||
| Q2 25 | $4.0B | $4.5B | ||
| Q1 25 | $3.7B | $4.1B | ||
| Q4 24 | $4.0B | $3.8B | ||
| Q3 24 | $4.0B | $4.1B | ||
| Q2 24 | $4.0B | $4.0B |
| Q2 26 | $432.6M | — | ||
| Q4 25 | $563.9M | $750.0M | ||
| Q3 25 | $585.0M | $663.0M | ||
| Q2 25 | $524.2M | $638.0M | ||
| Q1 25 | $402.5M | $13.0M | ||
| Q4 24 | $472.9M | $528.0M | ||
| Q3 24 | $736.5M | $276.0M | ||
| Q2 24 | $490.9M | $573.0M |
| Q2 26 | — | — | ||
| Q4 25 | 44.0% | 37.2% | ||
| Q3 25 | 44.8% | 35.0% | ||
| Q2 25 | 44.8% | 35.3% | ||
| Q1 25 | 44.2% | 35.2% | ||
| Q4 24 | 43.3% | 35.5% | ||
| Q3 24 | 43.4% | 34.0% | ||
| Q2 24 | 43.8% | 34.8% |
| Q2 26 | 15.3% | — | ||
| Q4 25 | 17.0% | 20.6% | ||
| Q3 25 | 18.3% | 19.3% | ||
| Q2 25 | 17.6% | 18.9% | ||
| Q1 25 | 15.0% | 18.1% | ||
| Q4 24 | 14.6% | 18.0% | ||
| Q3 24 | 26.1% | 16.0% | ||
| Q2 24 | 16.5% | 19.0% |
| Q2 26 | 10.6% | — | ||
| Q4 25 | 13.4% | 16.1% | ||
| Q3 25 | 14.0% | 14.0% | ||
| Q2 25 | 13.0% | 14.1% | ||
| Q1 25 | 10.9% | 0.3% | ||
| Q4 24 | 11.8% | 13.8% | ||
| Q3 24 | 18.4% | 6.8% | ||
| Q2 24 | 12.3% | 14.4% |
| Q2 26 | $1.52 | — | ||
| Q4 25 | $1.98 | $2.53 | ||
| Q3 25 | $2.05 | $2.23 | ||
| Q2 25 | $1.84 | $2.14 | ||
| Q1 25 | $1.41 | $0.04 | ||
| Q4 24 | $1.65 | $1.75 | ||
| Q3 24 | $2.58 | $0.96 | ||
| Q2 24 | $1.71 | $1.86 |
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 | $1.3B |
| Total DebtLower is stronger | $8.5M | — |
| Stockholders' EquityBook value | $10.0M | $13.0B |
| Total Assets | $25.0M | $25.6B |
| Debt / EquityLower = less leverage | 0.85× | — |
8-quarter trend — quarters aligned by calendar period.
| Q2 26 | $519.8K | — | ||
| Q4 25 | $646.2M | $1.3B | ||
| Q3 25 | $2.0B | $1.3B | ||
| Q2 25 | $1.9B | $672.0M | ||
| Q1 25 | $1.2B | $2.6B | ||
| Q4 24 | $1.3B | $1.3B | ||
| Q3 24 | $1.3B | $1.3B | ||
| Q2 24 | $384.0M | $1.5B |
| Q2 26 | $8.5M | — | ||
| Q4 25 | $7.4B | — | ||
| Q3 25 | $8.1B | — | ||
| Q2 25 | $7.5B | — | ||
| Q1 25 | $7.0B | — | ||
| Q4 24 | $6.9B | — | ||
| Q3 24 | $7.0B | — | ||
| Q2 24 | $7.5B | — |
| Q2 26 | $10.0M | — | ||
| Q4 25 | $9.8B | $13.0B | ||
| Q3 25 | $9.7B | $12.6B | ||
| Q2 25 | $9.3B | $12.4B | ||
| Q1 25 | $8.9B | $12.1B | ||
| Q4 24 | $8.8B | $12.4B | ||
| Q3 24 | $8.5B | $12.4B | ||
| Q2 24 | $8.3B | $12.6B |
| Q2 26 | $25.0M | — | ||
| Q4 25 | $24.7B | $25.6B | ||
| Q3 25 | $23.9B | $25.1B | ||
| Q2 25 | $23.7B | $24.9B | ||
| Q1 25 | $22.4B | $23.7B | ||
| Q4 24 | $22.4B | $22.4B | ||
| Q3 24 | $22.1B | $22.9B | ||
| Q2 24 | $21.5B | $22.9B |
| Q2 26 | 0.85× | — | ||
| Q4 25 | 0.75× | — | ||
| Q3 25 | 0.83× | — | ||
| Q2 25 | 0.81× | — | ||
| Q1 25 | 0.79× | — | ||
| Q4 24 | 0.79× | — | ||
| Q3 24 | 0.82× | — | ||
| Q2 24 | 0.91× | — |
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 | — | $865.0M |
| Free Cash FlowOCF − Capex | — | $607.0M |
| FCF MarginFCF / Revenue | — | 13.0% |
| Capex IntensityCapex / Revenue | — | 5.5% |
| Cash ConversionOCF / Net Profit | — | 1.15× |
| TTM Free Cash FlowTrailing 4 quarters | — | $3.1B |
8-quarter trend — quarters aligned by calendar period.
| Q2 26 | — | — | ||
| Q4 25 | $1.1B | $865.0M | ||
| Q3 25 | $791.3M | $1.4B | ||
| Q2 25 | $701.8M | $1.2B | ||
| Q1 25 | $369.4M | $653.0M | ||
| Q4 24 | $766.7M | $878.0M | ||
| Q3 24 | $786.7M | $1.0B | ||
| Q2 24 | $611.1M | $1.0B |
| Q2 26 | — | — | ||
| Q4 25 | $758.0M | $607.0M | ||
| Q3 25 | $529.7M | $1.1B | ||
| Q2 25 | $485.1M | $957.0M | ||
| Q1 25 | $131.5M | $423.0M | ||
| Q4 24 | $407.0M | $673.0M | ||
| Q3 24 | $550.3M | $829.0M | ||
| Q2 24 | $414.2M | $857.0M |
| Q2 26 | — | — | ||
| Q4 25 | 18.1% | 13.0% | ||
| Q3 25 | 12.7% | 24.2% | ||
| Q2 25 | 12.1% | 21.1% | ||
| Q1 25 | 3.6% | 10.2% | ||
| Q4 24 | 10.2% | 17.5% | ||
| Q3 24 | 13.8% | 20.4% | ||
| Q2 24 | 10.4% | 21.5% |
| Q2 26 | — | — | ||
| Q4 25 | 7.9% | 5.5% | ||
| Q3 25 | 6.3% | 5.7% | ||
| Q2 25 | 5.4% | 5.1% | ||
| Q1 25 | 6.4% | 5.6% | ||
| Q4 24 | 9.0% | 5.3% | ||
| Q3 24 | 5.9% | 5.2% | ||
| Q2 24 | 4.9% | 3.7% |
| Q2 26 | — | — | ||
| Q4 25 | 1.93× | 1.15× | ||
| Q3 25 | 1.35× | 2.14× | ||
| Q2 25 | 1.34× | 1.86× | ||
| Q1 25 | 0.92× | 50.23× | ||
| Q4 24 | 1.62× | 1.66× | ||
| Q3 24 | 1.07× | 3.78× | ||
| Q2 24 | 1.24× | 1.76× |
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% |
TEL
| Automotive Industry End Market | $1.9B | 40% |
| Digital Data Networks | $707.0M | 15% |
| Automation And Connected Living Industry End Market | $549.0M | 12% |
| Energy Industry End Market | $406.0M | 9% |
| Aerospace Defense And Marine Industry End Market | $381.0M | 8% |
| Commercial Transportation Industry End Market | $370.0M | 8% |
| Sensors Industry End Market | $212.0M | 5% |
| Medical Industry End Market | $159.0M | 3% |
