Ecolab vs PPG Industries
Ecolab and PPG Industries are similar in size: $16.08bn and $15.88bn of revenue in their latest fiscal years. Ecolab grew faster (2.2% against 0.2%). Ecolab kept more of each dollar of sales as profit: a net margin of 12.9% against 9.9%.
| Latest fiscal year | EcolabECL, 2025 | PPG IndustriesPPG, 2025 |
|---|---|---|
| Revenue | $16.08bn | $15.88bn |
| Revenue growth | 2.2% | 0.2% |
| Net income | $2.08bn | $1.58bn |
| Operating margin | 17.0% | — |
| Net margin | 12.9% | 9.9% |
| Return on equity | 22.4% | 21.4% |
| Free cash flow | $1.90bn | $1.16bn |
| Cash | $646m | $2.16bn |
| Total debt | $8.24bn | $8.01bn |
| Debt to equity | 84.3% | — |
| Dividend per share | $2.68 | $2.78 |
| Dividend yield | 0.9% | 2.3% |
| Share buybacks | $784m | $790m |
| Employees | 48,000 | 43,500 |
| Market value | $86.50bn | $27.88bn |
| Price vs our value range | Above our value range | Above our value range |
| Moat score | 73 (Strong) | 71 (Strong) |
| Insider trades, 12 months | 7 buys, 15 sales | 4 buys, 8 sales |