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Side-by-side financial comparison of Ecolab (ECL) and Union Pacific Corporation (UNP). Click either name above to swap in a different company.
Union Pacific Corporation is the larger business by last-quarter revenue ($6.2B vs $4.1B, roughly 1.5× Ecolab). Union Pacific Corporation runs the higher net margin — 27.4% vs 10.6%, a 16.7% gap on every dollar of revenue. On growth, Ecolab posted the faster year-over-year revenue change (10.0% vs 3.2%). Over the past eight quarters, Union Pacific Corporation's revenue compounded faster (1.7% 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.
The Union Pacific Railroad Company is a Class I freight-hauling railroad that operates 8,300 locomotives over 32,200 miles (51,800 km) routes in 23 U.S. states west of Chicago and New Orleans. Union Pacific is the second-largest railroad in the United States after BNSF.
ECL vs UNP — Head-to-Head
Income Statement — Q2 FY2026 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $4.1B | $6.2B |
| Net Profit | $432.6M | $1.7B |
| Gross Margin | — | — |
| Operating Margin | 15.3% | 39.5% |
| Net Margin | 10.6% | 27.4% |
| Revenue YoY | 10.0% | 3.2% |
| Net Profit YoY | 1.3% | -2.1% |
| EPS (diluted) | $1.52 | $2.87 |
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 | — | $6.2B | ||
| Q4 25 | $4.2B | $6.1B | ||
| Q3 25 | $4.2B | $6.2B | ||
| Q2 25 | $4.0B | $6.2B | ||
| Q1 25 | $3.7B | $6.0B | ||
| Q4 24 | $4.0B | $6.1B | ||
| Q3 24 | $4.0B | $6.1B |
| Q2 26 | $432.6M | — | ||
| Q1 26 | — | $1.7B | ||
| Q4 25 | $563.9M | $1.8B | ||
| Q3 25 | $585.0M | $1.8B | ||
| Q2 25 | $524.2M | $1.9B | ||
| Q1 25 | $402.5M | $1.6B | ||
| Q4 24 | $472.9M | $1.8B | ||
| Q3 24 | $736.5M | $1.7B |
| Q2 26 | — | — | ||
| Q1 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 26 | 15.3% | — | ||
| Q1 26 | — | 39.5% | ||
| Q4 25 | 17.0% | 39.5% | ||
| Q3 25 | 18.3% | 40.8% | ||
| Q2 25 | 17.6% | 41.0% | ||
| Q1 25 | 15.0% | 39.3% | ||
| Q4 24 | 14.6% | 41.3% | ||
| Q3 24 | 26.1% | 39.7% |
| Q2 26 | 10.6% | — | ||
| Q1 26 | — | 27.4% | ||
| Q4 25 | 13.4% | 30.4% | ||
| Q3 25 | 14.0% | 28.6% | ||
| Q2 25 | 13.0% | 30.5% | ||
| Q1 25 | 10.9% | 27.0% | ||
| Q4 24 | 11.8% | 28.8% | ||
| Q3 24 | 18.4% | 27.4% |
| Q2 26 | $1.52 | — | ||
| Q1 26 | — | $2.87 | ||
| Q4 25 | $1.98 | $3.12 | ||
| Q3 25 | $2.05 | $3.01 | ||
| Q2 25 | $1.84 | $3.15 | ||
| Q1 25 | $1.41 | $2.70 | ||
| Q4 24 | $1.65 | $2.91 | ||
| Q3 24 | $2.58 | $2.75 |
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 | $735.0M |
| Total DebtLower is stronger | $8.5M | — |
| Stockholders' EquityBook value | $10.0M | — |
| Total Assets | $25.0M | $69.6B |
| Debt / EquityLower = less leverage | 0.85× | — |
8-quarter trend — quarters aligned by calendar period.
| Q2 26 | $519.8K | — | ||
| Q1 26 | — | $735.0M | ||
| Q4 25 | $646.2M | $1.3B | ||
| Q3 25 | $2.0B | $808.0M | ||
| Q2 25 | $1.9B | $1.1B | ||
| Q1 25 | $1.2B | $1.4B | ||
| Q4 24 | $1.3B | $1.0B | ||
| Q3 24 | $1.3B | $947.0M |
| Q2 26 | $8.5M | — | ||
| Q1 26 | — | — | ||
| Q4 25 | $7.4B | $30.3B | ||
| Q3 25 | $8.1B | $30.3B | ||
| Q2 25 | $7.5B | $30.3B | ||
| Q1 25 | $7.0B | $30.6B | ||
| Q4 24 | $6.9B | $29.8B | ||
| Q3 24 | $7.0B | $29.8B |
| Q2 26 | $10.0M | — | ||
| Q1 26 | — | — | ||
| Q4 25 | $9.8B | $18.5B | ||
| Q3 25 | $9.7B | $17.3B | ||
| Q2 25 | $9.3B | $16.3B | ||
| Q1 25 | $8.9B | $16.0B | ||
| Q4 24 | $8.8B | $16.9B | ||
| Q3 24 | $8.5B | $16.6B |
| Q2 26 | $25.0M | — | ||
| Q1 26 | — | $69.6B | ||
| Q4 25 | $24.7B | $69.7B | ||
| Q3 25 | $23.9B | $68.6B | ||
| Q2 25 | $23.7B | $68.6B | ||
| Q1 25 | $22.4B | $68.5B | ||
| Q4 24 | $22.4B | $67.7B | ||
| Q3 24 | $22.1B | $67.6B |
| Q2 26 | 0.85× | — | ||
| Q1 26 | — | — | ||
| Q4 25 | 0.75× | 1.64× | ||
| Q3 25 | 0.83× | 1.75× | ||
| Q2 25 | 0.81× | 1.86× | ||
| Q1 25 | 0.79× | 1.91× | ||
| Q4 24 | 0.79× | 1.76× | ||
| Q3 24 | 0.82× | 1.79× |
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 | — | $631.0M |
| FCF MarginFCF / Revenue | — | 10.1% |
| Capex IntensityCapex / Revenue | — | — |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | — | $4.8B |
8-quarter trend — quarters aligned by calendar period.
| Q2 26 | — | — | ||
| Q1 26 | — | — | ||
| Q4 25 | $1.1B | $2.2B | ||
| Q3 25 | $791.3M | $2.5B | ||
| Q2 25 | $701.8M | $2.3B | ||
| Q1 25 | $369.4M | $2.2B | ||
| Q4 24 | $766.7M | $2.7B | ||
| Q3 24 | $786.7M | $2.7B |
| Q2 26 | — | — | ||
| Q1 26 | — | $631.0M | ||
| Q4 25 | $758.0M | $1.2B | ||
| Q3 25 | $529.7M | $1.6B | ||
| Q2 25 | $485.1M | $1.4B | ||
| Q1 25 | $131.5M | $1.3B | ||
| Q4 24 | $407.0M | $1.7B | ||
| Q3 24 | $550.3M | $1.8B |
| Q2 26 | — | — | ||
| Q1 26 | — | 10.1% | ||
| Q4 25 | 18.1% | 20.1% | ||
| Q3 25 | 12.7% | 25.2% | ||
| Q2 25 | 12.1% | 22.7% | ||
| Q1 25 | 3.6% | 21.6% | ||
| Q4 24 | 10.2% | 28.4% | ||
| Q3 24 | 13.8% | 29.9% |
| Q2 26 | — | — | ||
| Q1 26 | — | — | ||
| Q4 25 | 7.9% | 16.4% | ||
| Q3 25 | 6.3% | 15.2% | ||
| Q2 25 | 5.4% | 15.2% | ||
| Q1 25 | 6.4% | 15.0% | ||
| Q4 24 | 9.0% | 15.1% | ||
| Q3 24 | 5.9% | 13.6% |
| Q2 26 | — | — | ||
| Q1 26 | — | — | ||
| Q4 25 | 1.93× | 1.20× | ||
| Q3 25 | 1.35× | 1.41× | ||
| Q2 25 | 1.34× | 1.24× | ||
| Q1 25 | 0.92× | 1.36× | ||
| Q4 24 | 1.62× | 1.51× | ||
| Q3 24 | 1.07× | 1.59× |
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% |
UNP
| Freight revenues | $5.9B | 95% |
| Other revenues | $324.0M | 5% |
