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Side-by-side financial comparison of Ecolab (ECL) and Block, Inc. (XYZ). Click either name above to swap in a different company.
Block, Inc. is the larger business by last-quarter revenue ($6.3B vs $4.1B, roughly 1.5× Ecolab). Ecolab runs the higher net margin — 10.6% vs 1.9%, a 8.8% gap on every dollar of revenue. On growth, Ecolab posted the faster year-over-year revenue change (10.0% vs 3.6%). Over the past eight quarters, Block, Inc.'s revenue compounded faster (2.4% 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.
Block, Inc. is an American technology company and a financial services provider for consumers and merchants. Founded in 2009 by Jack Dorsey, it is the U.S. market leader in point-of-sale systems. As of 2024, Block serves 57 million users and 4 million sellers, processing $241 billion in payments annually.
ECL vs XYZ — Head-to-Head
Income Statement — Q2 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $4.1B | $6.3B |
| Net Profit | $432.6M | $115.8M |
| Gross Margin | — | 45.9% |
| Operating Margin | 15.3% | 7.8% |
| Net Margin | 10.6% | 1.9% |
| Revenue YoY | 10.0% | 3.6% |
| Net Profit YoY | 1.3% | -94.1% |
| EPS (diluted) | $1.52 | $0.19 |
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 | $6.3B | ||
| Q3 25 | $4.2B | $6.1B | ||
| Q2 25 | $4.0B | $6.1B | ||
| Q1 25 | $3.7B | $5.8B | ||
| Q4 24 | $4.0B | $6.0B | ||
| Q3 24 | $4.0B | $6.0B | ||
| Q2 24 | $4.0B | $6.2B |
| Q2 26 | $432.6M | — | ||
| Q4 25 | $563.9M | $115.8M | ||
| Q3 25 | $585.0M | $461.5M | ||
| Q2 25 | $524.2M | $538.5M | ||
| Q1 25 | $402.5M | $189.9M | ||
| Q4 24 | $472.9M | $1.9B | ||
| Q3 24 | $736.5M | $283.8M | ||
| Q2 24 | $490.9M | $195.3M |
| Q2 26 | — | — | ||
| Q4 25 | 44.0% | 45.9% | ||
| Q3 25 | 44.8% | 43.5% | ||
| Q2 25 | 44.8% | 41.9% | ||
| Q1 25 | 44.2% | 39.7% | ||
| Q4 24 | 43.3% | 38.3% | ||
| Q3 24 | 43.4% | 37.6% | ||
| Q2 24 | 43.8% | 36.3% |
| Q2 26 | 15.3% | — | ||
| Q4 25 | 17.0% | 7.8% | ||
| Q3 25 | 18.3% | 6.7% | ||
| Q2 25 | 17.6% | 8.0% | ||
| Q1 25 | 15.0% | 5.7% | ||
| Q4 24 | 14.6% | 0.2% | ||
| Q3 24 | 26.1% | 5.4% | ||
| Q2 24 | 16.5% | 5.0% |
| Q2 26 | 10.6% | — | ||
| Q4 25 | 13.4% | 1.9% | ||
| Q3 25 | 14.0% | 7.5% | ||
| Q2 25 | 13.0% | 8.9% | ||
| Q1 25 | 10.9% | 3.3% | ||
| Q4 24 | 11.8% | 32.3% | ||
| Q3 24 | 18.4% | 4.7% | ||
| Q2 24 | 12.3% | 3.2% |
| Q2 26 | $1.52 | — | ||
| Q4 25 | $1.98 | $0.19 | ||
| Q3 25 | $2.05 | $0.74 | ||
| Q2 25 | $1.84 | $0.87 | ||
| Q1 25 | $1.41 | $0.30 | ||
| Q4 24 | $1.65 | $3.06 | ||
| Q3 24 | $2.58 | $0.45 | ||
| Q2 24 | $1.71 | $0.31 |
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 | $6.6B |
| Total DebtLower is stronger | $8.5M | — |
| Stockholders' EquityBook value | $10.0M | $22.2B |
| Total Assets | $25.0M | $39.5B |
| Debt / EquityLower = less leverage | 0.85× | — |
8-quarter trend — quarters aligned by calendar period.
| Q2 26 | $519.8K | — | ||
| Q4 25 | $646.2M | $6.6B | ||
| Q3 25 | $2.0B | $8.3B | ||
| Q2 25 | $1.9B | $6.4B | ||
| Q1 25 | $1.2B | $7.1B | ||
| Q4 24 | $1.3B | $8.1B | ||
| Q3 24 | $1.3B | $8.3B | ||
| Q2 24 | $384.0M | $7.8B |
| Q2 26 | $8.5M | — | ||
| Q4 25 | $7.4B | — | ||
| Q3 25 | $8.1B | $7.3B | ||
| Q2 25 | $7.5B | $5.1B | ||
| Q1 25 | $7.0B | $5.1B | ||
| 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 | $22.2B | ||
| Q3 25 | $9.7B | $22.5B | ||
| Q2 25 | $9.3B | $22.2B | ||
| Q1 25 | $8.9B | $21.5B | ||
| Q4 24 | $8.8B | $21.3B | ||
| Q3 24 | $8.5B | $19.9B | ||
| Q2 24 | $8.3B | $19.3B |
| Q2 26 | $25.0M | — | ||
| Q4 25 | $24.7B | $39.5B | ||
| Q3 25 | $23.9B | $39.2B | ||
| Q2 25 | $23.7B | $36.9B | ||
| Q1 25 | $22.4B | $36.4B | ||
| Q4 24 | $22.4B | $36.8B | ||
| Q3 24 | $22.1B | $36.4B | ||
| Q2 24 | $21.5B | $37.5B |
| Q2 26 | 0.85× | — | ||
| Q4 25 | 0.75× | — | ||
| Q3 25 | 0.83× | 0.32× | ||
| Q2 25 | 0.81× | 0.23× | ||
| Q1 25 | 0.79× | 0.24× | ||
| Q4 24 | 0.79× | 0.29× | ||
| Q3 24 | 0.82× | 0.31× | ||
| Q2 24 | 0.91× | 0.32× |
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 | — | $621.0M |
| Free Cash FlowOCF − Capex | — | $579.8M |
| FCF MarginFCF / Revenue | — | 9.3% |
| Capex IntensityCapex / Revenue | — | 0.7% |
| Cash ConversionOCF / Net Profit | — | 5.36× |
| TTM Free Cash FlowTrailing 4 quarters | — | $2.4B |
8-quarter trend — quarters aligned by calendar period.
| Q2 26 | — | — | ||
| Q4 25 | $1.1B | $621.0M | ||
| Q3 25 | $791.3M | $1.5B | ||
| Q2 25 | $701.8M | $374.3M | ||
| Q1 25 | $369.4M | $133.3M | ||
| Q4 24 | $766.7M | $13.8M | ||
| Q3 24 | $786.7M | $684.8M | ||
| Q2 24 | $611.1M | $519.4M |
| Q2 26 | — | — | ||
| Q4 25 | $758.0M | $579.8M | ||
| Q3 25 | $529.7M | $1.4B | ||
| Q2 25 | $485.1M | $343.0M | ||
| Q1 25 | $131.5M | $101.5M | ||
| Q4 24 | $407.0M | $-13.2M | ||
| Q3 24 | $550.3M | $628.2M | ||
| Q2 24 | $414.2M | $481.0M |
| Q2 26 | — | — | ||
| Q4 25 | 18.1% | 9.3% | ||
| Q3 25 | 12.7% | 22.9% | ||
| Q2 25 | 12.1% | 5.7% | ||
| Q1 25 | 3.6% | 1.8% | ||
| Q4 24 | 10.2% | -0.2% | ||
| Q3 24 | 13.8% | 10.5% | ||
| Q2 24 | 10.4% | 7.8% |
| Q2 26 | — | — | ||
| Q4 25 | 7.9% | 0.7% | ||
| Q3 25 | 6.3% | 0.8% | ||
| Q2 25 | 5.4% | 0.5% | ||
| Q1 25 | 6.4% | 0.6% | ||
| Q4 24 | 9.0% | 0.4% | ||
| Q3 24 | 5.9% | 0.9% | ||
| Q2 24 | 4.9% | 0.6% |
| Q2 26 | — | — | ||
| Q4 25 | 1.93× | 5.36× | ||
| Q3 25 | 1.35× | 3.14× | ||
| Q2 25 | 1.34× | 0.70× | ||
| Q1 25 | 0.92× | 0.70× | ||
| Q4 24 | 1.62× | 0.01× | ||
| Q3 24 | 1.07× | 2.41× | ||
| Q2 24 | 1.24× | 2.66× |
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% |
XYZ
| US | $5.7B | 91% |
| Non Us | $560.9M | 9% |
