Ecolab Inc.
ECLQ1 2025(ECL Q4 FY2024)Estimated1.5% AI
AI Revenue %
1.5%
AI Fair Value
$637.0M
AI Revenue (Q)
$170.7M
Total Revenue (Q)
$11.4B
Source: SEC EDGAR 10-K Filing
View 10-K on SEC.govAnalysis
Ecolab reported FY2024 annual sales of $15.7B (10-K). Q4 implied: $15.7B - $11,736.2M (9-month) = ~$3,964M. The 10-K describes the One Ecolab strategy emphasizing digital technologies but provides no AI-specific revenue figures. Capitalized software grew to $1,037.8M (from $985.9M in FY2023). 'Dispensing and monitoring equipment' renamed from 'merchandising and customer equipment' at $2,925.3M, reflecting the shift toward connected/smart equipment. The Water segment (renamed from 'Water' to 'Light & Heavy' in 2025) describes 'advanced digital sensing, monitoring and automation' in Paper. Still no explicit AI revenue. Estimate: 1.5%. Math: ~$3,964M x 1.5% = ~$59.5M.
Analyzed by claude-opus-4-6
Quoted Figures
We have annual sales of $15.7 billion
10-K filed for period ending December 31, 2024, Item 1 Business
Advanced digital sensing, monitoring and automation combine with innovative chemistries and detailed process knowledge to provide a broad range of custom programs
10-K filed for period ending December 31, 2024, Item 1 Business, Paper segment
Capitalized software $1,037.8M; Dispensing and monitoring equipment $2,925.3M
10-K filed for period ending December 31, 2024, Balance Sheet
AI Products Identified (Ring 1)
3D TRASAR water monitoring technologySmart dispensing and monitoring equipmentECOLAB3D digital analytics platformAdvanced digital sensing and automation (Paper)Predictive maintenance solutions
AI-Enabled Items (Ring 2 — Not Counted)
These items use AI but are not counted in the AI revenue estimate because they primarily serve non-AI functions.
IoT-connected dispensing equipmentRemote monitoring and control servicesData-driven customer insights platformOne Ecolab digital transformation platform
Confidence Tier
EstimatedNo direct AI revenue disclosure — estimated from product mix