Ecolab Inc. Financial Ratios — ECL Stock

Profitability (USD)

	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
Return on Common Equity (%)	12.32	17.04	20.58	21.98	16.15	17.76	19.17	16.21	15.89	-12.71	12.71	11.58	13.64	18.92	16.55
Return on Assets (%)	4.01	3.94	5.2	6.16	5.26	6.65	7.86	7.14	7.61	-6.18	5.75	5.12	6.34	9.55	8.82
Return on Capital (%)	6.44	8	10.14	11.22	9.25	10.52	11.58	9.97	10.25	-5.85	7.63	6.92	8.59	12.06	10.88
Return on Invested Capital (%)	7.29	7.56	9.54	10.22	11.06	10.57	11.57	9.64	10.57	9.15	9.15	8.49	9.97	12.67	13.11
Gross Margin (%)	48.88	46.06	45.97	46.23	46.67	42.72	41.72	43.75	43.91	41.43	40.19	37.76	40.24	43.46	44.46
EBITDA Margin (%)	18.84	18.16	19.23	20.28	20.93	20.99	20.52	21.04	21.82	20.25	19.98	18.62	19.76	22.55	24.06
Operating Margin (%)	13.01	12.12	13.07	14.17	14.59	14.52	14.07	15.06	15.65	13.36	13.36	12	13.73	16.6	17.99
Incremental Operating Margin (%)	9.95	10.92	20.99	28.42	6.49	16.88	5.36	6.53	36.6	50.54	13.35	0.12	35.39	121.04	82.11
Pretax Margin (%)	10	8.55	9.8	11.89	9.73	12.54	12.74	12.99	13.78	9.85	11.11	9.47	11.46	16.33	15.84
Profit Margin (%)	6.8	5.94	7.3	8.42	7.4	9.34	10.87	11.69	12.41	-10.22	8.87	7.69	8.96	13.42	12.91
Net Income to Common Margin (%)	6.8	5.94	7.3	8.42	7.4	9.34	10.87	11.69	12.41	-10.22	8.87	7.69	8.96	13.42	12.91
Effective Tax Rate (%)	31.83	30.74	25.01	28.04	22.8	24.43	13.83	20.24	16.67	15.21	19.11	17.46	20.65	17.09	17.84
Dvd Payout Ratio (%)	35.1	43.89	22.27	27.74	38.82	33.82	29.28	38.61	37.86	55.96	48.91	53.53	43.67	30.88	35.7
Sustainable Growth Rate (%)	8	9.56	15.99	15.88	9.88	11.75	13.56	9.95	9.87	-5.6	6.49	5.38	7.68	13.08	10.64

Credit (USD)

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	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
Total Debt	7,636	6,542	6,904	6,548	6,466	6,687	7,323	7,045	6,822	7,113	9,156	9,026	8,733	8,283	8,998
ST Debt	1,023	806	861	1,705	2,205	541	564	744	503	143	526	613	756	758	1,035
LT Debt	6,613	5,736	6,044	4,843	4,260	6,146	6,758	6,302	6,319	6,970	8,630	8,413	7,977	7,525	7,962
Total Debt/EBITDA	5.96	3.04	2.71	2.26	2.28	2.42	2.58	2.74	2.49	2.98	3.6	3.42	2.88	2.33	2.33
Net Debt/EBITDA	4.52	2.5	2.58	2.19	2.25	2.3	2.5	2.7	2.27	2.27	3.3	3.02	2.4	1.78	1.96
Total Debt/EBIT	8.63	4.56	3.99	3.24	3.27	3.5	3.76	3.83	3.47	4.52	5.38	5.3	4.15	3.17	3.11
Net Debt/EBIT	6.55	3.75	3.79	3.13	3.22	3.33	3.65	3.76	3.17	3.44	4.94	4.69	3.45	2.41	2.62
EBITDA to Interest Expense	15.6	7.53	9.34	10.81	11.18	9.67	10.34	10.92	12.78	7.83	11.03	10.48	8.68	10.43	12.64
EBITDA-CapEx/Interest Expense	15.6	7.53	9.34	10.81	11.18	9.67	10.34	10.92	12.78	7.83	11.03	10.48	8.68	10.43	12.64
EBIT to Interest Expense	10.78	5.02	6.35	7.55	7.79	6.69	7.09	7.82	9.17	5.17	7.38	6.76	6.03	7.68	9.45
Interest Expense	82	286	273	268	254	285	275	236	214	305	231	252	349	340	306
Common Equity/Total Assets	21.42	24.83	25.69	30.38	34.92	39.98	41.91	46.16	49.61	47.48	43.28	45.11	47.79	53.09	53.46
Long-Term Debt/Equity (%)	115.19	93.12	81.57	65.61	61.03	88.16	88.3	78.25	72.42	112.39	118.98	115.91	98.82	85.61	81.21
Long-Term Debt/Capital (%)	56.98	52.2	50.31	38.69	32.65	43.63	42.88	38.51	36.71	44.24	46.99	44.91	41.54	37.25	35.81
Long-Term Debt/Total Assets (%)	36.37	32.64	30.78	24.93	22.85	33.53	33.85	31.39	30.28	38.45	40.69	39.2	36.51	33.61	32.24
Total Debt/Equity (%)	133.01	106.2	93.19	88.7	92.62	95.93	95.67	87.48	78.18	114.69	126.23	124.36	108.19	94.24	91.77
Total Debt/Capital (%)	65.79	59.54	57.47	52.31	49.56	47.48	46.47	43.06	39.63	45.15	49.86	48.19	45.48	41	40.47
Total Debt/Total Assets (%)	41.99	37.23	35.16	33.71	34.68	36.48	36.68	35.1	32.69	39.24	43.18	42.05	39.98	37	36.43
Net Debt to Equity	100.9	87.4	88.61	85.86	91.29	91.23	92.91	86.05	71.45	87.5	115.79	109.96	89.97	71.77	77.41
Net Debt/Capital (%)	59.33	54.77	56.24	51.5	49.2	46.23	45.74	42.66	36.47	37.44	46.65	44.02	39.72	33.3	35.16
EBITDA	1,280	2,150	2,548	2,896	2,836	2,760	2,840	2,571	2,741	2,388	2,544	2,642	3,027	3,549	3,869
EBITDA-CapEx	1,280	2,150	2,548	2,896	2,836	2,760	2,840	2,571	2,741	2,388	2,544	2,642	3,027	3,549	3,869
Operating Income (Loss)	885	1,435	1,732	2,024	1,976	1,910	1,946	1,841	1,965	1,575	1,701	1,703	2,104	2,614	2,892

Liquidity (USD)

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	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
Cash Ratio	0.58	0.38	0.1	0.05	0.02	0.11	0.06	0.03	0.03	0.43	0.1	0.14	0.21	0.26	0.12
Current Ratio	1.7	1.6	1.35	1.11	0.93	1.42	1.32	1.27	1.33	1.75	1.32	1.3	1.3	1.26	1.08
Quick Ratio	1.24	1.11	0.83	0.68	0.55	0.92	0.84	0.79	0.72	1.26	0.84	0.83	0.91	0.89	0.77
CFO/Avg Current Liab	0.31	0.39	0.48	0.46	0.44	0.5	0.64	0.64	0.66	0.57	0.64	0.46	0.56	0.62	0.57
Common Equity/Total Assets	21.42	24.83	25.69	30.38	34.92	39.98	41.91	46.16	49.61	47.48	43.28	45.11	47.79	53.09	53.46
Long-Term Debt/Equity (%)	115.19	93.12	81.57	65.61	61.03	88.16	88.3	78.25	72.42	112.39	118.98	115.91	98.82	85.61	81.21
Long-Term Debt/Capital (%)	56.98	52.2	50.31	38.69	32.65	43.63	42.88	38.51	36.71	44.24	46.99	44.91	41.54	37.25	35.81
Long-Term Debt/Total Assets (%)	36.37	32.64	30.78	24.93	22.85	33.53	33.85	31.39	30.28	38.45	40.69	39.2	36.51	33.61	32.24
Total Debt/Equity (%)	133.01	106.2	93.19	88.7	92.62	95.93	95.67	87.48	78.18	114.69	126.23	124.36	108.19	94.24	91.77
Total Debt/Capital (%)	65.79	59.54	57.47	52.31	49.56	47.48	46.47	43.06	39.63	45.15	49.86	48.19	45.48	41	40.47
Total Debt/Total Assets (%)	41.99	37.23	35.16	33.71	34.68	36.48	36.68	35.1	32.69	39.24	43.18	42.05	39.98	37	36.43
CFO/Total Liabilities	5.51	10.54	12.76	15.07	17.15	17.08	16.99	18.95	19.93	15.6	14.78	12.59	17.51	20.69	19.83
CFO/CapEx	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Altman's Z-Score	2.82	4.31	4.91	5.11	5.26	5.59	5.63	5.6	5.53	6.53	6.48	5.27	6.18	6.7	6.74

Working Capital (USD)

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	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
Accounts Receivable Turnover	4.39	5.48	5.53	5.5	5.4	5.56	5.63	4.67	4.98	5.06	5.36	5.48	5.54	5.52	5.26
Days Sales Outstanding	83.08	66.6	66	66.39	67.6	65.65	64.8	78.15	73.29	72.07	68.11	66.59	65.9	66.07	69.39
Inventory Turnover	4.58	5.92	5.94	5.51	5.06	5.57	5.83	4.59	5.36	5.84	5.48	5.38	5.57	6.01	6.04
Days Inventory Outstanding	79.67	61.67	61.42	66.28	72.13	65.59	62.59	79.44	68.07	62.55	66.55	67.88	65.59	60.74	60.39
Accounts Payable Turnover	7.03	7.55	7.78	7.16	6.46	7.34	7.58	5.73	5.65	6.36	6.15	5.87	5.38	5.25	4.62
Accounts Payable Turnover Days	51.89	48.32	46.93	50.95	56.5	49.7	48.13	63.65	64.64	57.4	59.37	62.2	67.87	69.49	79.08
Cash Conversion Cycle	110.86	79.95	80.49	81.72	83.23	81.55	79.26	93.95	76.72	77.22	75.29	72.26	63.62	57.33	50.7
Inventory to Cash Days	3.41	4.93	4.58	0.11	-4.54	0.07	2.2	-1.29	5.22	9.52	1.57	-1.29	0.32	5.33	9
Inventories	1,070	1,088	1,322	1,467	1,388	1,319	1,446	1,546	1,082	1,285	1,492	1,793	1,497	1,465	1,490
Raw Materials	351	338	391	447	441	408	439	526	438	511	596	849	705	607	620
Work In Process	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Finished Goods	746	774	953	1,044	886	860	975	1,017	668	790	1,011	1,123	911	962	962
Other Inventory	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -

Enterprise Value (USD)

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	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
Market Capitalization	13,695	21,031	31,271	31,366	33,902	34,287	38,859	42,525	55,600	62,095	67,163	41,514	56,530	66,617	74,372
- Cash & Cash Equivalents	1,844	1,158	339	210	93	327	211	115	119	1,260	360	599	920	1,257	646
+ Preferred Equity and Hybrid Capital	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Minority/Non Controlling Interest	74	83	65	66	70	70	70	50	40	35	29	22	28	32	34
+ Total Debt	7,636	6,542	6,904	6,548	6,466	6,687	7,323	7,045	6,822	7,113	9,156	9,026	8,733	8,283	8,998
Enterprise Value	19,562	26,498	37,901	37,771	40,345	40,716	46,040	49,506	62,344	67,983	75,988	49,964	64,371	73,675	82,757
Total Capital	11,607	10,988	12,014	12,517	13,047	14,084	15,759	16,362	17,216	15,753	18,363	18,732	19,202	20,200	22,235
Total Debt/Capital (%)	65.79	59.54	57.47	52.31	49.56	47.48	46.47	43.06	39.63	45.15	49.86	48.19	45.48	41	40.47
Total Debt / EV	0.39	0.25	0.18	0.17	0.16	0.16	0.16	0.14	0.11	0.1	0.12	0.18	0.14	0.11	0.11
EV/Sales	2.88	2.24	2.86	2.64	2.98	3.1	3.33	4.05	4.96	5.77	5.97	3.52	4.2	4.68	5.15
EV/EBITDA	15.28	12.33	14.87	13.04	14.23	14.75	16.21	19.25	22.75	28.47	29.87	18.91	21.26	20.76	21.39
EV/EBIT	22.11	18.47	21.88	18.66	20.42	21.32	23.65	26.89	31.72	43.16	44.67	29.34	30.6	28.19	28.61
EV/Cash Flow to Firm	26.38	18.92	21.48	18.81	18.38	18.89	19.78	20.08	23.98	32.09	33.8	25.03	23.94	23.8	25.83
EV/Free Cash Flow to Firm	26.38	18.92	21.48	18.81	18.38	18.89	19.78	20.08	23.98	32.09	33.8	25.03	23.94	23.8	25.83
Diluted Market Cap	13,996	21,491	31,896	31,973	34,474	34,779	39,449	43,144	56,450	62,809	67,820	41,717	56,827	67,156	74,871
Diluted Enterprise Value	19,863	26,958	38,527	38,377	40,917	41,209	46,630	50,125	63,193	68,697	76,645	50,168	64,669	74,214	83,256
EV per Share	82.58	90.59	126.38	125.86	136.12	139.2	158.98	171.54	216.4	236.87	265.41	175.19	225.86	259.15	292.12
TTM Sales	6,798	11,839	13,253	14,280	13,545	13,152	13,836	12,222	12,562	11,790	12,733	14,188	15,320	15,741	16,081
TTM EBITDA	1,280	2,150	2,548	2,896	2,836	2,760	2,840	2,571	2,741	2,388	2,544	2,642	3,027	3,549	3,869
TTM Operating Income	885	1,435	1,732	2,024	1,976	1,910	1,946	1,841	1,965	1,575	1,701	1,703	2,104	2,614	2,892
TTM Cash Flow to Firm	741	1,401	1,764	2,008	2,196	2,155	2,328	2,466	2,599	2,119	2,248	1,996	2,689	3,096	3,204
TTM Free Cash Flow to Firm	741	1,401	1,764	2,008	2,196	2,155	2,328	2,466	2,599	2,119	2,248	1,996	2,689	3,096	3,204

Multiples (USD)

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	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
Price/Free Cash Flow	20.42	17.86	20.45	17.61	17.24	17.93	18.86	18.94	23.32	33.76	32.89	23.33	23.56	23.87	25.36
EV/EBIT	22.11	18.47	21.88	18.66	20.42	21.32	23.65	26.89	31.72	43.16	44.67	29.34	30.6	28.19	28.61
Enterprise Value	19,562	26,498	37,901	37,771	40,345	40,716	46,040	49,506	62,344	67,983	75,988	49,964	64,371	73,675	82,757
Low Price	43.81	57.44	71.99	97.65	97.78	98.62	117.29	125.74	141.3	124.6	201.15	131.04	143.91	193.46	221.62
EV/Sales	2.88	2.24	2.86	2.64	2.98	3.1	3.33	4.05	4.96	5.77	5.97	3.52	4.2	4.68	5.15
EV/EBITDA	15.28	12.33	14.87	13.04	14.23	14.75	16.21	19.25	22.75	28.47	29.87	18.91	21.26	20.76	21.39
Price/Earnings	29.61	29.89	32.31	26.08	33.83	27.9	25.83	29.76	35.67	- -	59.44	38.03	41.19	31.54	35.83
Price/Earnings Average	26.56	27	27.72	27.08	33.59	27.43	24.83	29.28	34.17	-47.07	55.47	43.26	35.82	31.54	35.66
Price/Earnings High	29.78	30.26	33.57	29.56	36.23	29.65	26.55	32.9	38.79	-55.1	60.54	62.01	41.87	35.34	39.04
Price/Earnings Low	22.44	23.88	22.31	24.36	28.92	23.47	22.58	25.39	26.11	-29.67	50.97	34.23	29.89	26.04	30.25
Price/Book Value	3.52	4.82	6.2	5.31	5.21	4.68	4.64	4.59	5.37	7.22	7.32	4.29	5.41	5.61	5.63
Price/Book Value Average	3.15	4.36	5.32	5.52	5.17	4.6	4.47	4.52	5.15	6.59	6.83	4.88	4.71	5.61	5.61
Price/Book Value High	3.53	4.88	6.44	6.02	5.58	4.97	4.78	5.07	5.84	7.72	7.45	6.99	5.5	6.28	6.14
Price/Book Value Low	2.66	3.85	4.28	4.96	4.45	3.94	4.06	3.92	3.93	4.16	6.27	3.86	3.93	4.63	4.76
Price/Tangible Book Value	-3.12	-5.53	-7.38	-8.27	-9.37	-10.62	-11.01	-15.07	242.58	-22.32	-13.34	-9.36	-15.84	-27.45	-23.91
Price/Tangible Book Value Average	-2.8	-4.99	-6.33	-8.59	-9.3	-10.44	-10.58	-14.83	232.43	-20.39	-12.45	-10.65	-13.77	-27.45	-23.79
Price/Tangible Book Value High	-3.14	-5.6	-7.67	-9.38	-10.03	-11.28	-11.32	-16.66	263.8	-23.86	-13.59	-15.27	-16.1	-30.76	-26.05
Price/Tangible Book Value Low	-2.36	-4.42	-5.09	-7.73	-8.01	-8.93	-9.62	-12.86	177.61	-12.85	-11.44	-8.43	-11.49	-22.66	-20.18
Price/Sales	2.01	1.78	2.36	2.2	2.5	2.61	2.81	3.48	4.43	5.27	5.27	2.93	3.69	4.23	4.62
Price/Sales Average	1.81	1.6	2.02	2.28	2.48	2.56	2.7	3.42	4.24	4.81	4.92	3.33	3.21	4.23	4.6
Price/Sales High	2.03	1.8	2.45	2.49	2.68	2.77	2.89	3.85	4.81	5.63	5.37	4.77	3.75	4.74	5.04
Price/Sales Low	1.53	1.42	1.63	2.05	2.14	2.19	2.46	2.97	3.24	3.03	4.52	2.63	2.68	3.49	3.9
Price/Cash Flow	19.98	17.48	20.05	17.28	16.95	17.68	18.58	18.67	22.97	33.38	32.57	23.21	23.44	23.67	25.19
Price/Cash Flow Average	17.92	15.79	17.2	17.94	16.83	17.38	17.87	18.37	22.01	30.5	30.4	26.41	20.38	23.68	25.07
Price/Cash Flow High	20.09	17.7	20.83	19.58	18.15	18.79	19.1	20.64	24.98	35.7	33.18	37.86	23.83	26.53	27.45
Price/Cash Flow Low	15.14	13.97	13.84	16.14	14.49	14.87	16.24	15.93	16.82	19.22	27.93	20.9	17.01	19.55	21.26
Price/Free Cash Flow Average	18.31	16.14	17.54	18.28	17.12	17.63	18.14	18.64	22.34	30.85	30.69	26.54	20.49	23.87	25.24
Price/Free Cash Flow High	20.53	18.09	21.25	19.96	18.46	19.06	19.39	20.94	25.36	36.11	33.5	38.04	23.95	26.75	27.63
Price/Free Cash Flow Low	15.47	14.27	14.12	16.45	14.74	15.09	16.49	16.16	17.07	19.44	28.2	21	17.1	19.7	21.41
EV/Sales Average	2.67	2.07	2.52	2.73	2.96	3.05	3.22	4	4.78	5.31	5.62	3.92	3.72	4.68	5.12
EV/Sales High	2.89	2.26	2.95	2.94	3.16	3.26	3.41	4.42	5.35	6.13	6.07	5.37	4.26	5.19	5.56
EV/Sales Low	2.39	1.88	2.13	2.5	2.62	2.68	2.97	3.54	3.78	3.53	5.22	3.23	3.19	3.94	4.43
EV/EBITDA Average	14.17	11.38	13.13	13.46	14.14	14.54	15.69	18.99	21.9	26.22	28.1	21.08	18.83	20.76	21.3
EV/EBITDA High	15.34	12.45	15.35	14.49	15.07	15.53	16.6	21	24.52	30.27	30.35	28.83	21.57	23.03	23.11
EV/EBITDA Low	12.69	10.36	11.07	12.33	12.49	12.78	14.49	16.83	17.31	17.44	26.1	17.35	16.14	17.49	18.4
EV/EBIT Average	20.51	17.05	19.32	19.26	20.29	21.02	22.89	26.52	30.54	39.75	42.03	32.7	27.09	28.2	28.49
EV/EBIT High	22.19	18.65	22.59	20.73	21.63	22.45	24.22	29.33	34.2	45.89	45.4	44.72	31.04	31.27	30.91
EV/EBIT Low	18.36	15.52	16.29	17.64	17.93	18.47	21.14	23.5	24.14	26.44	39.04	26.91	23.22	23.75	24.6
Last Price	57.81	71.9	104.27	104.52	114.38	117.22	134.18	147.35	192.99	216.36	234.59	145.56	198.35	234.32	262.52
High Price	58.13	72.79	108.34	118.46	122.48	124.6	137.96	162.91	209.87	231.36	238.93	237.38	201.62	262.61	286.04
Enterprise Value Average	18,149	24,467	33,459	38,972	40,103	40,139	44,547	48,830	60,016	62,617	71,497	55,681	56,998	73,688	82,398
Enterprise Value High	19,638	26,758	39,122	41,955	42,746	42,875	47,135	53,997	67,207	72,288	77,231	76,151	65,303	81,718	89,420
Enterprise Value Low	16,246	22,268	28,220	35,710	35,425	35,276	41,149	43,269	47,452	41,648	66,414	45,823	48,856	62,058	71,170

	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
Shares Outstanding	292	295	301	300	296	292	289	288	288	286	287	284	285	283	282
Diluted Weighted Avg Shares	242	299	306	306	301	297	294	293	292	290	289	287	286	287	285
Basic Weighted Avg Shares	237	292	300	300	296	292	290	289	288	287	286	285	285	284	283
Revenue per Share	28.7	40.47	44.19	47.59	45.7	44.96	47.78	42.35	43.6	41.08	44.47	49.75	53.76	55.37	56.76
EBITDA per Share	5.41	7.35	8.5	9.65	9.57	9.44	9.81	8.91	9.51	8.32	8.89	9.26	10.62	12.48	13.66
Operating Income per Share	3.73	4.91	5.77	6.74	6.67	6.53	6.72	6.38	6.82	5.49	5.94	5.97	7.38	9.19	10.21
Basic EPS, GAAP	1.95	2.41	3.23	4.01	3.38	4.2	5.2	4.95	5.41	-4.2	3.95	3.83	4.82	7.43	7.33
Basic EPS from Cont Ops	1.96	2.4	3.25	4.07	3.43	4.26	5.24	4.39	5.01	3.43	4	3.89	4.89	7.5	7.39
Diluted EPS, GAAP	1.91	2.35	3.16	3.93	3.32	4.14	5.12	4.88	5.33	-4.15	3.91	3.81	4.79	7.37	7.28
Diluted EPS from Cont Ops	1.91	2.35	3.18	4	3.37	4.2	5.17	4.32	4.93	3.39	3.96	3.87	4.86	7.44	7.34
Dividend per Share	0.69	1.05	0.73	1.15	1.35	1.46	1.55	1.71	1.92	1.95	1.98	2.11	2.17	2.34	2.66
Cash Flow per Share	2.89	4.11	5.2	6.05	6.75	6.63	7.22	7.89	8.4	6.48	7.2	6.27	8.46	9.9	10.42
Free Cash Flow per Basic Share	2.89	4.11	5.2	6.05	6.75	6.63	7.22	7.89	8.4	6.48	7.2	6.27	8.46	9.9	10.42
Cash & Equivalents per Share	7.78	3.96	1.13	0.7	0.31	1.12	0.73	0.4	0.41	4.39	1.26	2.1	3.23	4.42	2.28
Book Value per Share	16.45	14.92	16.82	19.67	21.97	25.05	28.89	32.11	35.94	29.98	32.06	33.95	36.64	41.8	46.61
Tangible Book Value per Share	-18.53	-13.01	-14.13	-12.63	-12.21	-11.04	-12.19	-9.78	0.8	-9.69	-17.59	-15.55	-12.52	-8.54	-10.98

Ecolab Inc.

Profitability (USD)

Credit (USD)

Liquidity (USD)

Working Capital (USD)

Enterprise Value (USD)

Multiples (USD)

Per Share Data Items (USD)