WallStSmart
ECL

Ecolab Inc

NYSE: ECL · BASIC MATERIALS · SPECIALTY CHEMICALS

$256.61
-3.88% today

Updated 2026-04-29

Market cap
$76.11B
P/E ratio
37.02
P/S ratio
4.73x
EPS (TTM)
$7.28
Dividend yield
0.99%
52W range
$234 – $308
Volume
1.5M

Ecolab Inc (ECL) Financial Forecast & Price Target 2030

Research-backed projections from analyst consensus, management guidance, and sector analysis.

Price target summary

Current
$256.61
Consensus
$318.29
+24.04%
2030 Target
$977.84
+281.06%
DCF
29 analysts:
12 Buy8 Hold0 Sell

Management guidance

Ecolab guided FY2026 adjusted EPS of $8.43-$8.63 (+12-15% growth) on Feb 10, 2026. The company projects organic sales growth and strong profitability momentum. Management has not disclosed specific revenue dollar targets for 2026-2030, but the $4.75B CoolIT acquisition (closed March 2026) is expected to drive meaningful incremental revenue in the data center cooling segment, with projections suggesting revenue could reach $19.8B and EPS of $3.0B by 2029 (per analyst commentary on management outlook).

Sources: Management guidance, analyst consensus, sector analysishigh confidence

Revenue & price projection

Actual revenue Projected revenue Base case Bull to bear range
Bull case (2030)
$1,612.11
$23.4B Rev × 20x P/S
Base case (2030)
$977.84
$23.4B Rev × 12x P/S
Bear case (2030)
$660.70
$23.4B Rev × 8x P/S

Financial forecast — research-backed

Metric2023202420252026 (E)2027 (E)2029 (E)2030 (E)
Revenue$15.3B$15.7B$16.1B$17.5B$18.7B$21.7B$23.4B
Revenue growth2.7%2.2%8.9%6.8%7.8%7.5%
EPS$5.21$6.66$7.54$8.60$9.85$12.40$13.65
P/S ratio12.0x12.0x12.0x12.0x
Implied price$739.98$766.41$898.55$977.84

Catalysts & risks

Growth catalysts
+ CoolIT Systems integration driving AI/data center cooling revenue growth (new high-margin segment)
+ Organic growth acceleration in mission-critical services amid favorable macroeconomic backdrop
+ Global 10-14% energy surcharge implementation to offset input cost inflation
+ $500M Eagan facility expansion signaling capacity investment for growth
+ Margin expansion from operational leverage and pricing actions
Key risks
- CoolIT acquisition integration execution risk and debt leverage increase ($4.75B transaction)
- Commodity cost and tariff headwinds (energy surcharge may not fully offset input inflation)
- Valuation compression risk (P/E 31-37x premium to peers despite higher growth)
- Data center cooling market concentration risk and competitive intensity
- Macro slowdown impact on recurring revenue base (restaurants, hospitality, industrial)
- Margin pressure from energy and raw material cost inflation exceeding pricing

Methodology

Ecolab Inc's forward estimates are derived from AI-powered research synthesis combining analyst consensus from 29 Wall Street analysts, management guidance from the latest earnings call, and sector growth forecasts from industry research. Revenue and EPS projections use analyst consensus where available and conservative extrapolation with growth deceleration for outer years. Price targets are calculated using a tiered Price-to-Sales (P/S) methodology, where the P/S multiple is determined by the projected revenue growth rate.

WallStSmart proprietary research model · Not financial advice · Past performance is not indicative of future results · Last researched: April 6, 2026.