Ecolab Inc. stock research
FY2026 Q1
Ecolab (ECL) Gross Margin — Quarter Ended Mar 31, 2026
Revenue and cost of revenue both decreased from the preceding quarter, resulting in a slightly lower gross profit and a modestly weakened gross margin. Compared with the same quarter one year earlier, revenue and gross profit were higher, though the gross margin was slightly lower.
Gross margin takeaway
Quarter ended Mar 31, 2026 · FY2026 Q1
Revenue and cost of revenue both decreased from the preceding quarter, resulting in a slightly lower gross profit and a modestly weakened gross margin. Compared with the same quarter one year earlier, revenue and gross profit were higher, though the gross margin was slightly lower.
- The gross margin weakened relative to both the prior quarter and the year-ago quarter, as cost of revenue decreased proportionally less than revenue in both comparisons.
- Revenue declined from the preceding quarter, while gross profit remained stable and gross margin edged lower. Versus the year-ago quarter, revenue and gross profit increased, but gross margin was slightly weaker.
Gross margin snapshot
The selected quarter's reported revenue, gross profit, direct costs, and margin comparisons.
Gross margin
43.6%
Gross profit
$1.8B
Revenue
$4.1B
Cost of revenue
$2.3B
Quarter-over-quarter change
-0.5 pts
Year-over-year change
-0.7 pts
Quarterly gross margin trend
A four-quarter view of the revenue and direct-cost bridge behind gross margin.
| Period | Revenue | Gross profit | Cost of revenue | Gross margin |
|---|---|---|---|---|
| Jun 30, 2025 | $4.0B | $1.8B | $2.2B | 44.8% |
| Sep 30, 2025 | $4.2B | $1.9B | $2.3B | 44.8% |
| Dec 31, 2025 | $4.2B | $1.8B | $2.3B | 44.0% |
| Mar 31, 2026 | $4.1B | $1.8B | $2.3B | 43.6% |
Quarterly comparisons
Compare the selected margin with the preceding quarter and the same fiscal quarter one year earlier.
Previous-quarter change
Dec 31, 2025
-0.5 pts
Year-over-year change
Mar 31, 2025
-0.7 pts
What the margin says
Filing-constrained interpretation of margin direction, comparisons, and what to monitor next.
The gross margin weakened relative to both the prior quarter and the year-ago quarter, as cost of revenue decreased proportionally less than revenue in both comparisons.
Revenue declined from the preceding quarter, while gross profit remained stable and gross margin edged lower. Versus the year-ago quarter, revenue and gross profit increased, but gross margin was slightly weaker.
Monitor whether the cost of revenue as a share of revenue continues to rise relative to both the prior quarter and the year-ago period.
Peer context
Latest available gross margins for related public companies.
| Company | Gross margin |
|---|---|
| Ecolab Inc. (ECL) | 43.6% |