ECL vs. SUZ: Ecolab vs. Suzano Stock Comparison

November 11, 2026

How do Ecolab (ECL) and Suzano (SUZ) stack up? This page sets them side by side across company profile, performance and risk, profitability, growth, financial strength, dividends, and valuation, with selected fundamentals also measured against each stock's industry-group peers.

Company Profile

Ecolab (ECL) and Suzano (SUZ) both fall under the Materials industry group, but ECL is classified in Chemicals while SUZ is classified in Paper & Forest Products.

Ecolab (ECL) trades as ordinary local shares, while Suzano (SUZ) trades as an ADR — compare with FX exposure, depositary-program fees, and dividend-withholding-tax differences in mind.

Company profile comparison for Ecolab (ECL) and Suzano (SUZ)
Profile Item	ECL	SUZ
Name	Ecolab Inc.	Suzano S.A. - Sponsored ADR
Country/Region	United States	Brazil
GICS Sector	Materials	Materials
GICS Industry Group	Materials	Materials
GICS Industry	Chemicals	Paper & Forest Products
GICS Sub-Industry	Specialty Chemicals	Paper Products
Market Capitalization	84.33 billion USD	11.90 billion USD
Currency	USD	USD
Exchange	NYSE	NYSE
Listing Date	February 21, 1973	November 4, 2008
Security Type	Common Stock	ADR

Price Performance

Cumulative Growth

ECL

SUZ

GSPC

Ecolab (ECL) vs. Suzano (SUZ), with S&P 500 (GSPC) for reference: Growth of a $10,000 investment over the past five years. Adjusted for dividends and splits.

Trailing Returns

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Trailing total returns for Ecolab (ECL) and Suzano (SUZ). Returns over one year are annualized.

Calendar-Year Returns

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Calendar-year total returns for Ecolab (ECL) and Suzano (SUZ). Each bar is that year's total return, measured year-end to year-end.

Performance Metrics

Price performance metrics for Ecolab (ECL) and Suzano (SUZ)
Metric	ECL	SUZ
Total Return (1Y)	20.33%	9.33%
Total Return (3Y, Annualized)	21.41%	-1.70%
Total Return (5Y, Annualized)	6.90%	4.04%

Risk Profile

Drawdown History

ECL

SUZ

GSPC

Ecolab (ECL) vs. Suzano (SUZ), with S&P 500 (GSPC) for reference: Drawdown from the running peak over the past five years. Each line shows the decline from its prior peak; 0% marks a new high.

Return Distribution

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Distribution of monthly total returns for Ecolab (ECL) and Suzano (SUZ). Each bar is the share of months whose return fell in that 5% bucket.

Risk Metrics

Risk profile metrics for Ecolab (ECL) and Suzano (SUZ)
Metric	ECL	SUZ
Volatility (1Y, Annualized)	21.72%	30.42%
Beta (5Y)	0.84	0.56
Max Drawdown (5Y)	-43.70%	-38.50%
Avg. Volume (3M)	1.40M	3.57M

Risk-Adjusted Performance

Risk-Return Positioning

ECL and SUZ are plotted by 1-year volatility (risk) and 1-year return. The dashed Capital Allocation Line runs from the risk-free rate through the shared industry median.

Risk-Adjusted Metrics

Risk-adjusted metrics for Ecolab (ECL) and Suzano (SUZ)
Metric	ECL	SUZ
Sharpe Ratio (1Y)	0.74	0.17
Sortino Ratio (1Y)	1.13	0.26

Profitability

ROE (TTM)

Ecolab (ECL) at 20.77% sits in the top ROE quartile, while Suzano (SUZ) at 16.20% is closer to the peer norm — stronger capital efficiency for ECL.

ECL

Materials industry group

20.77%

Max: 52.88%
ECL: 20.77%
Q3: 19.49%
Median: 8.76%
Q1: -3.41%
Min: -32.81%

SUZ

Materials industry group

16.20%

Max: 52.88%
Q3: 19.49%
SUZ: 16.20%
Median: 8.76%
Q1: -3.41%
Min: -32.81%

Ecolab (ECL) vs. Suzano (SUZ): A comparison of their ROE against the Materials industry group benchmark.

Net Margin (TTM)

Both Ecolab (ECL) at 11.99% and Suzano (SUZ) at 15.94% keep about the typical share of revenue as profit for their industries — neither bottom line stands out from peers.

ECL

Materials industry group

11.99%

Max: 38.66%
Q3: 15.98%
ECL: 11.99%
Median: 5.28%
Q1: 0.00%
Min: -20.40%

SUZ

Materials industry group

15.94%

Max: 38.66%
Q3: 15.98%
SUZ: 15.94%
Median: 5.28%
Q1: 0.00%
Min: -20.40%

Ecolab (ECL) vs. Suzano (SUZ): A comparison of their net margin against the Materials industry group benchmark.

Operating Margin (TTM)

Both Ecolab (ECL) at 19.22% and Suzano (SUZ) at 9.76% run core operations about as efficiently as their industries’ norm — neither stands out on operating profitability.

ECL

Materials industry group

19.22%

Max: 66.70%
Q3: 28.92%
ECL: 19.22%
Median: 12.56%
Q1: 3.28%
Min: -14.07%

SUZ

Materials industry group

9.76%

Max: 66.70%
Q3: 28.92%
Median: 12.56%
SUZ: 9.76%
Q1: 3.28%
Min: -14.07%

Ecolab (ECL) vs. Suzano (SUZ): A comparison of their operating margin against the Materials industry group benchmark.

Profitability Metrics

Profitability metrics for Ecolab (ECL) and Suzano (SUZ)
Metric	ECL	SUZ
ROE (TTM)	20.77%	16.20%
ROA (TTM)	7.29%	2.54%
Net Margin (TTM)	11.99%	15.94%
Operating Margin (TTM)	19.22%	9.76%
Gross Margin (TTM)	44.04%	26.68%

Growth

Revenue Growth

Both Ecolab (ECL) at 2.16% and Suzano (SUZ) at 5.72% land near their industries' usual revenue growth ranges, so top-line momentum looks broadly in line with peers on both sides.

Ecolab (ECL) vs. Suzano (SUZ): A comparison of their Revenue Growth across different time periods.

EPS Growth

Only one side can be read here: Ecolab (ECL) reports EPS growth of -1.22%, ranked against its industry; Suzano (SUZ) has no EPS growth figure this period.

Ecolab (ECL) vs. Suzano (SUZ): A comparison of their EPS Growth across different time periods.

Growth Metrics

Growth metrics for Ecolab (ECL) and Suzano (SUZ)
Metric	ECL	SUZ
Revenue Growth (YoY)	2.16%	5.72%
Revenue Growth (3Y CAGR)	4.26%	0.19%
EPS Growth (YoY)	-1.22%	--
EPS Growth (3Y CAGR)	24.09%	-14.94%

Financial Strength

Current Ratio (MRQ)

Suzano (SUZ) at 2.54 keeps current ratio within its industry’s typical mid-range, while Ecolab (ECL) at 1.11 runs in the tighter-liquidity quartile — a thinner cushion against current liabilities for ECL.

ECL

Materials industry group

1.11

Max: 5.96
Q3: 3.30
Median: 2.24
Q1: 1.45
ECL: 1.11
Min: 0.16

SUZ

Materials industry group

2.54

Max: 5.96
Q3: 3.30
SUZ: 2.54
Median: 2.24
Q1: 1.45
Min: 0.16

Ecolab (ECL) vs. Suzano (SUZ): A comparison of their current ratio against the Materials industry group benchmark.

Debt / Equity (MRQ)

Both Ecolab (ECL) at 1.33 and Suzano (SUZ) at 1.83 lean more heavily on debt funding than most peers, landing in the higher-leverage quartile of their industries.

ECL

Materials industry group

1.33

Max: 1.98
ECL: 1.33
Q3: 0.89
Median: 0.47
Q1: 0.13
Min: 0.00

SUZ

Materials industry group

1.83

Max: 1.98
SUZ: 1.83
Q3: 0.89
Median: 0.47
Q1: 0.13
Min: 0.00

Ecolab (ECL) vs. Suzano (SUZ): A comparison of their debt-to-equity ratio against the Materials industry group benchmark.

Financial Strength Metrics

Financial strength metrics for Ecolab (ECL) and Suzano (SUZ)
Metric	ECL	SUZ
Current Ratio (MRQ)	1.11	2.54
Debt / Equity (MRQ)	1.33	1.83
Net Debt / EBITDA	3.09	4.28

Dividends

Dividend Yield (TTM)

Both Ecolab (ECL) at 0.95% and Suzano (SUZ) at 0.05% pay solid, industry-typical yields, sitting squarely within their peers’ usual range.

ECL

Materials industry group

0.95%

Max: 4.52%
Q3: 1.85%
ECL: 0.95%
Median: 0.38%
Q1: 0.00%
Min: 0.00%

SUZ

Materials industry group

0.05%

Max: 4.52%
Q3: 1.85%
Median: 0.38%
SUZ: 0.05%
Q1: 0.00%
Min: 0.00%

Ecolab (ECL) vs. Suzano (SUZ): A comparison of their dividend yield against the Materials industry group benchmark.

Dividend Payout Ratio (TTM)

Both Ecolab (ECL) at 39.73% and Suzano (SUZ) at 17.55% keep payout ratio within their industries’ typical mid-ranges — dividend policies that share earnings without consuming too much of them.

ECL

Materials industry group

39.73%

Max: 83.62%
Q3: 41.37%
ECL: 39.73%
Median: 9.54%
Q1: 0.00%
Min: 0.00%

SUZ

Materials industry group

17.55%

Max: 83.62%
Q3: 41.37%
SUZ: 17.55%
Median: 9.54%
Q1: 0.00%
Min: 0.00%

Ecolab (ECL) vs. Suzano (SUZ): A comparison of their payout ratio against the Materials industry group benchmark.

Dividend Metrics

Dividend metrics for Ecolab (ECL) and Suzano (SUZ)
Metric	ECL	SUZ
Dividend Yield (TTM)	0.95%	0.05%
Dividend Payout Ratio (TTM)	39.73%	17.55%

Valuation

P/E Ratio (TTM)

Suzano (SUZ) at 7.49 sits in the cheaper P/E ratio quartile, while Ecolab (ECL) at 40.91 sits in the richer quartile — a clear split in what investors pay for each dollar of trailing earnings.

ECL

Materials industry group

40.91

Max: 59.00
ECL: 40.91
Q3: 32.93
Median: 18.82
Q1: 11.96
Min: 3.93

SUZ

Materials industry group

7.49

Max: 59.00
Q3: 32.93
Median: 18.82
Q1: 11.96
SUZ: 7.49
Min: 3.93

Ecolab (ECL) vs. Suzano (SUZ): A comparison of their P/E ratio against the Materials industry group benchmark.

P/S Ratio (TTM)

Suzano (SUZ) at 0.23 looks cheap on sales in the lower P/S ratio quartile, while Ecolab (ECL) at 4.85 looks rich in the upper quartile — a clear gap in price per dollar of revenue.

ECL

Materials industry group

4.85

Max: 9.62
ECL: 4.85
Q3: 4.34
Median: 1.87
Q1: 0.73
Min: 0.00

SUZ

Materials industry group

0.23

Max: 9.62
Q3: 4.34
Median: 1.87
Q1: 0.73
SUZ: 0.23
Min: 0.00

Ecolab (ECL) vs. Suzano (SUZ): A comparison of their P/S ratio against the Materials industry group benchmark.

P/B Ratio (MRQ)

Suzano (SUZ) at 1.16 sits in the lower P/B ratio quartile relative to book while Ecolab (ECL) at 8.09 prices above its industry range — a wide valuation gap against assets.

ECL

Materials industry group

8.09

ECL: 8.09
Max: 6.59
Q3: 3.55
Median: 2.08
Q1: 1.26
Min: -0.17

SUZ

Materials industry group

1.16

Max: 6.59
Q3: 3.55
Median: 2.08
Q1: 1.26
SUZ: 1.16
Min: -0.17

Ecolab (ECL) vs. Suzano (SUZ): A comparison of their P/B ratio against the Materials industry group benchmark.

Valuation Metrics

Valuation metrics for Ecolab (ECL) and Suzano (SUZ)
Metric	ECL	SUZ
P/E Ratio (TTM)	40.91	7.49
P/S Ratio (TTM)	4.85	0.23
P/B Ratio (MRQ)	8.09	1.16
Free Cash Flow Yield (TTM)	1.71%	-7.73%