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Side-by-side financial comparison of Ecolab (ECL) and UGI CORP (UGI). Click either name above to swap in a different company.
Ecolab is the larger business by last-quarter revenue ($4.1B vs $2.1B, roughly 2.0× UGI CORP). UGI CORP runs the higher net margin — 14.4% vs 10.6%, a 3.7% gap on every dollar of revenue. On growth, Ecolab posted the faster year-over-year revenue change (10.0% vs 3.9%). Over the past eight quarters, Ecolab's revenue compounded faster (1.0% CAGR vs -7.5%).
Ecolab Inc., headquartered in Saint Paul, Minnesota, provides products related to water treatment, sanitation, and hygiene, primarily to commercial and industrial customers.
UGI Corporation is a natural gas and electric power distribution company headquartered in King of Prussia, Pennsylvania, with extensive operations in the United States and Europe.
ECL vs UGI — Head-to-Head
Income Statement — Q2 FY2026 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $4.1B | $2.1B |
| Net Profit | $432.6M | $297.0M |
| Gross Margin | — | — |
| Operating Margin | 15.3% | 22.0% |
| Net Margin | 10.6% | 14.4% |
| Revenue YoY | 10.0% | 3.9% |
| Net Profit YoY | 1.3% | -20.8% |
| EPS (diluted) | $1.52 | $1.34 |
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 | $2.1B | ||
| Q3 25 | $4.2B | $1.2B | ||
| Q2 25 | $4.0B | $1.4B | ||
| Q1 25 | $3.7B | $2.6B | ||
| Q4 24 | $4.0B | $2.0B | ||
| Q3 24 | $4.0B | $1.2B | ||
| Q2 24 | $4.0B | $1.4B |
| Q2 26 | $432.6M | — | ||
| Q4 25 | $563.9M | $297.0M | ||
| Q3 25 | $585.0M | $-13.0M | ||
| Q2 25 | $524.2M | $-163.0M | ||
| Q1 25 | $402.5M | $479.0M | ||
| Q4 24 | $472.9M | $375.0M | ||
| Q3 24 | $736.5M | $-273.0M | ||
| Q2 24 | $490.9M | $-48.0M |
| Q2 26 | — | — | ||
| Q4 25 | 44.0% | — | ||
| Q3 25 | 44.8% | — | ||
| Q2 25 | 44.8% | — | ||
| Q1 25 | 44.2% | — | ||
| Q4 24 | 43.3% | — | ||
| Q3 24 | 43.4% | — | ||
| Q2 24 | 43.8% | — |
| Q2 26 | 15.3% | — | ||
| Q4 25 | 17.0% | 22.0% | ||
| Q3 25 | 18.3% | 1.1% | ||
| Q2 25 | 17.6% | -6.8% | ||
| Q1 25 | 15.0% | 26.6% | ||
| Q4 24 | 14.6% | 24.5% | ||
| Q3 24 | 26.1% | -20.4% | ||
| Q2 24 | 16.5% | 5.0% |
| Q2 26 | 10.6% | — | ||
| Q4 25 | 13.4% | 14.4% | ||
| Q3 25 | 14.0% | -1.1% | ||
| Q2 25 | 13.0% | -12.0% | ||
| Q1 25 | 10.9% | 18.2% | ||
| Q4 24 | 11.8% | 18.9% | ||
| Q3 24 | 18.4% | -22.6% | ||
| Q2 24 | 12.3% | -3.6% |
| Q2 26 | $1.52 | — | ||
| Q4 25 | $1.98 | $1.34 | ||
| Q3 25 | $2.05 | $-0.08 | ||
| Q2 25 | $1.84 | $-0.76 | ||
| Q1 25 | $1.41 | $2.19 | ||
| Q4 24 | $1.65 | $1.74 | ||
| Q3 24 | $2.58 | $-1.26 | ||
| Q2 24 | $1.71 | $-0.23 |
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 | $251.0M |
| Total DebtLower is stronger | $8.5M | $6.0B |
| Stockholders' EquityBook value | $10.0M | $5.0B |
| Total Assets | $25.0M | $15.8B |
| Debt / EquityLower = less leverage | 0.85× | 1.19× |
8-quarter trend — quarters aligned by calendar period.
| Q2 26 | $519.8K | — | ||
| Q4 25 | $646.2M | $251.0M | ||
| Q3 25 | $2.0B | $335.0M | ||
| Q2 25 | $1.9B | $350.0M | ||
| Q1 25 | $1.2B | $426.0M | ||
| Q4 24 | $1.3B | $240.0M | ||
| Q3 24 | $1.3B | $213.0M | ||
| Q2 24 | $384.0M | $183.0M |
| Q2 26 | $8.5M | — | ||
| Q4 25 | $7.4B | $6.0B | ||
| Q3 25 | $8.1B | $6.5B | ||
| Q2 25 | $7.5B | $5.7B | ||
| Q1 25 | $7.0B | $6.6B | ||
| Q4 24 | $6.9B | $6.6B | ||
| Q3 24 | $7.0B | $6.4B | ||
| Q2 24 | $7.5B | $6.3B |
| Q2 26 | $10.0M | — | ||
| Q4 25 | $9.8B | $5.0B | ||
| Q3 25 | $9.7B | $4.8B | ||
| Q2 25 | $9.3B | $4.9B | ||
| Q1 25 | $8.9B | $5.0B | ||
| Q4 24 | $8.8B | $4.6B | ||
| Q3 24 | $8.5B | $4.3B | ||
| Q2 24 | $8.3B | $4.7B |
| Q2 26 | $25.0M | — | ||
| Q4 25 | $24.7B | $15.8B | ||
| Q3 25 | $23.9B | $15.5B | ||
| Q2 25 | $23.7B | $15.4B | ||
| Q1 25 | $22.4B | $15.7B | ||
| Q4 24 | $22.4B | $15.4B | ||
| Q3 24 | $22.1B | $15.1B | ||
| Q2 24 | $21.5B | $15.1B |
| Q2 26 | 0.85× | — | ||
| Q4 25 | 0.75× | 1.19× | ||
| Q3 25 | 0.83× | 1.37× | ||
| Q2 25 | 0.81× | 1.17× | ||
| Q1 25 | 0.79× | 1.32× | ||
| Q4 24 | 0.79× | 1.44× | ||
| Q3 24 | 0.82× | 1.48× | ||
| Q2 24 | 0.91× | 1.34× |
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 | — | $66.0M |
| Free Cash FlowOCF − Capex | — | $-155.0M |
| FCF MarginFCF / Revenue | — | -7.5% |
| Capex IntensityCapex / Revenue | — | 10.7% |
| Cash ConversionOCF / Net Profit | — | 0.22× |
| TTM Free Cash FlowTrailing 4 quarters | — | $282.0M |
8-quarter trend — quarters aligned by calendar period.
| Q2 26 | — | — | ||
| Q4 25 | $1.1B | $66.0M | ||
| Q3 25 | $791.3M | $90.0M | ||
| Q2 25 | $701.8M | $289.0M | ||
| Q1 25 | $369.4M | $684.0M | ||
| Q4 24 | $766.7M | $164.0M | ||
| Q3 24 | $786.7M | $151.0M | ||
| Q2 24 | $611.1M | $390.0M |
| Q2 26 | — | — | ||
| Q4 25 | $758.0M | $-155.0M | ||
| Q3 25 | $529.7M | $-168.0M | ||
| Q2 25 | $485.1M | $67.0M | ||
| Q1 25 | $131.5M | $538.0M | ||
| Q4 24 | $407.0M | $-47.0M | ||
| Q3 24 | $550.3M | $-115.0M | ||
| Q2 24 | $414.2M | $185.0M |
| Q2 26 | — | — | ||
| Q4 25 | 18.1% | -7.5% | ||
| Q3 25 | 12.7% | -14.4% | ||
| Q2 25 | 12.1% | 4.9% | ||
| Q1 25 | 3.6% | 20.4% | ||
| Q4 24 | 10.2% | -2.4% | ||
| Q3 24 | 13.8% | -9.5% | ||
| Q2 24 | 10.4% | 13.7% |
| Q2 26 | — | — | ||
| Q4 25 | 7.9% | 10.7% | ||
| Q3 25 | 6.3% | 22.1% | ||
| Q2 25 | 5.4% | 16.3% | ||
| Q1 25 | 6.4% | 5.5% | ||
| Q4 24 | 9.0% | 10.6% | ||
| Q3 24 | 5.9% | 22.0% | ||
| Q2 24 | 4.9% | 15.2% |
| Q2 26 | — | — | ||
| Q4 25 | 1.93× | 0.22× | ||
| Q3 25 | 1.35× | — | ||
| Q2 25 | 1.34× | — | ||
| Q1 25 | 0.92× | 1.43× | ||
| Q4 24 | 1.62× | 0.44× | ||
| Q3 24 | 1.07× | — | ||
| 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% |
UGI
Segment breakdown not available.
