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Ecolab vs Stepan: revenue, profit, margins and growth compared

Ecolab brought in $16.1B of revenue in fiscal 2025, Stepan $2.3B in fiscal 2025. Revenue changed by +2.2% at Ecolab and +7.0% at Stepan on the year before, so Stepan grew faster. Ecolab kept 12.9% of its revenue as net profit, Stepan 2.0%. Free cash flow was $1.9B at Ecolab and $25.4M at Stepan.

Side by side, latest fiscal year

ECLSCL
Fiscal year endedFY2025 (December 31, 2025)FY2025 (December 31, 2025)
Revenue$16.1B$2.3B
Revenue growth+2.2%+7.0%
Net income$2.1B$46.9M
Net margin12.9%2.0%
Free cash flow$1.9B$25.4M
Free cash flow margin11.8%1.1%
Earnings per share (diluted)$7.28$2.05
Cash$646.2M$132.7M
Debt$8.1B$626.7M
Price to earnings38.431.5
Market value$78.3B$1.5B
Dividend yield0.96%2.40%
Rank by revenue in sector#77 of 778 · Consumer discretionary#333 of 778 · Consumer discretionary

Over the years

Revenue
ECL FY2018: $12.2BECL FY2019: $12.6BECL FY2020: $11.8BECL FY2021: $12.7BECL FY2022: $14.2BECL FY2023: $15.3BECL FY2024: $15.7BECL FY2025: $16.1BSCL FY2018: $2BSCL FY2019: $1.9BSCL FY2020: $1.9BSCL FY2021: $2.3BSCL FY2022: $2.8BSCL FY2023: $2.3BSCL FY2024: $2.2BSCL FY2025: $2.3BFY18FY19FY20FY21FY22FY23FY24FY25
ECL $16.1BSCL $2.3B
Net income
ECL FY2018: $1.4BECL FY2019: $1.6BECL FY2020: -$1.2BECL FY2021: $1.1BECL FY2022: $1.1BECL FY2023: $1.4BECL FY2024: $2.1BECL FY2025: $2.1BSCL FY2018: $111.1MSCL FY2019: $103.1MSCL FY2020: $126.8MSCL FY2021: $137.8MSCL FY2022: $147.2MSCL FY2023: $40.2MSCL FY2024: $50.4MSCL FY2025: $46.9MFY18FY19FY20FY21FY22FY23FY24FY25
ECL $2.1BSCL $46.9M
Net margin
ECL FY2018: 11.7%ECL FY2019: 12.4%ECL FY2020: -10.2%ECL FY2021: 8.9%ECL FY2022: 7.7%ECL FY2023: 9.0%ECL FY2024: 13.4%ECL FY2025: 12.9%SCL FY2018: 5.6%SCL FY2019: 5.5%SCL FY2020: 6.8%SCL FY2021: 5.9%SCL FY2022: 5.3%SCL FY2023: 1.7%SCL FY2024: 2.3%SCL FY2025: 2.0%FY18FY19FY20FY21FY22FY23FY24FY25
ECL 12.9%SCL 2.0%
Revenue growth
ECL FY2019: +2.8%ECL FY2020: -6.1%ECL FY2021: +8.0%ECL FY2022: +11.4%ECL FY2023: +8.0%ECL FY2024: +2.7%ECL FY2025: +2.2%SCL FY2019: -6.8%SCL FY2020: +0.6%SCL FY2021: +25.5%SCL FY2022: +18.2%SCL FY2023: -16.1%SCL FY2024: -6.3%SCL FY2025: +7.0%FY19FY20FY21FY22FY23FY24FY25
ECL +2.2%SCL +7.0%
Free cash flow
ECL FY2018: $1.5BECL FY2019: $1.7BECL FY2020: $1.4BECL FY2021: $1.4BECL FY2022: $1.1BECL FY2023: $1.6BECL FY2024: $1.8BECL FY2025: $1.9BSCL FY2018: $84.5MSCL FY2019: $112.9MSCL FY2020: $109.4MSCL FY2021: -$122.3MSCL FY2022: -$140.8MSCL FY2023: -$85.5MSCL FY2024: $39.3MSCL FY2025: $25.4MFY18FY19FY20FY21FY22FY23FY24FY25
ECL $1.9BSCL $25.4M

Fiscal years as each company reports them; the two may end in different months.

Questions about Ecolab and Stepan

Which is bigger by revenue, Ecolab or Stepan?

Ecolab is bigger by revenue: $16.1B in fiscal 2025, against $2.3B for Stepan in fiscal 2025.

Which keeps more of its revenue as profit, Ecolab or Stepan?

Ecolab had a net margin of 12.9% in fiscal 2025; Stepan had 2.0% in fiscal 2025.

Which grew revenue faster, Ecolab or Stepan?

In their latest fiscal years revenue changed by +2.2% at Ecolab and +7.0% at Stepan.

Where do these numbers come from?

From the annual reports each company files with the SEC (10-K, or 20-F and 40-F for foreign companies), read from their XBRL data. Margins and growth are simple arithmetic on those figures. Nothing here is a recommendation.

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