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Stock Comparison · Valuation-led comparison

Ecolab vs Heidelberg Materials: Which Stock Looks Stronger in 2026?

The structural profiles are close, with Heidelberg Materials carrying a narrow edge on valuation. Ecolab still leads on growth and profitability, which keeps the comparison from looking entirely one-sided. Both sides have seen trend damage — neither carries a clear market edge right now. With both trends damaged, the structural comparison carries most of the weight here.

The comparison is based on similar long-term financial trajectories, not sector labels. Peer scores are normalised within each company's primary universe (ECL: Russell 1000, HEI.DE: STOXX 600).

Updated 2026-08-16

Valuation still does most of the heavy lifting in this comparison.

Trajectory Similarity
0.76
Similar
Peer-set rank: #10
within Ecolab Inc.'s functional peer set

This pair is matched through long-term financial trajectory similarity within the selected peer universe.

This level of similarity signals a strong structural match, even though some dimensions still separate the two companies.

The strongest overlap appears in recent revenue growth and capital structure.

Similarity drivers
recent revenue growthcapital structure
How to read the score
0.85–1.00 · Very similar0.70–0.84 · Similar0.55–0.69 · Moderately similarbelow 0.55 · Loose match
Peer-Relative Score
ECL
Ecolab Inc.
51
Peer-Score
Signal qualitylow
Peer basis: Russell 1000
vs
HEI.DE
Heidelberg Materials AG
53
Peer-Score
Signal qualityMedium
Peer basis: STOXX 600

Scores reflect position relative to comparable companies with similar long-term financial trajectories.

Pricing shapes this comparison more than a broad operating gap.

Dimension spread: ECL vs HEI.DE Profitability 37 26 Stability 57 41 Valuation 47 82 Growth 72 59 ECL HEI.DE
Gap Ranking
#1 Valuation +35
#2 Stability +16
#3 Growth +13
#4 Profitability +11
Price Setup

Left means cheaper relative valuation. Higher means stronger structure.

Price setup map for ECL and HEI.DE Stronger + cheaper Stronger + richer Weaker + cheaper Weaker + richer ECLHEI.DE Relative valuation Structural strength

Ecolab Inc. still looks stronger overall, though current pricing looks more supportive for Heidelberg Materials AG.

Valuation position uses peer-relative PE percentile (idx_pct_pe) where available.

Entry today — historical context

Where ECL and HEI.DE each sit in their own 5-year price and valuation history.

BASED ON 5-YEAR HISTORY ECL Elevated · near norm 0th 50th 100th 21 pct gap HEI.DE Elevated · near norm 0th 50th 100th 95th 74th
Today HEI.DE sits in the upper-middle of its own 5-year history (74th percentile), while ECL sits higher in its own history (95th). Within each stock's own 5-year context, HEI.DE is at a historically more favourable entry position than ECL. This reflects entry timing, not which company is structurally stronger — peer-relative analysis is a separate question addressed above.

Describes historical entry positioning only. Descriptive — not investment advice.

Relative Position vs Comparable Companies
Valuation
Both rank well on valuation, but Heidelberg Materials AG still holds a clear edge.
Stability
On stability, the same pattern holds: both rank well, but Ecolab Inc. still sits higher.
Valuation — Dominant Gap
ECL
47
HEI.DE
82
Gap+35in favour of HEI.DE

The multiple-based pricing edge comes from a forward P/E that is 18.2 turns lower.

What keeps the gap from being one-sided

A meaningful counterforce remains in stability, which keeps the comparison from looking completely one-sided.

What this means for the comparison

The main read on valuation is clearer than the broader score gap.

Explore full peer positioning in AssetNext

Break down the ECL vs HEI.DE comparison across all dimensions with the full interactive tool.

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Similar valuation-driven comparisons

Explore how ECL and HEI.DE each compare against other companies in their peer groups.

Rule-based, descriptive analysis only. Derived from peer percentile dimensions. Not investment advice. Peer groups are determined algorithmically based on structural similarity — not by sector classification alone.

How AssetNext Peer Scores Work

AssetNext scores reflect each company's structural position within its functional peer group — not a ranking against all stocks simultaneously. Peers are identified by similarity across eight financial dimensions, including revenue growth trajectory, margin structure, capital intensity, and earnings stability. A score of 75 means the company ranks in the top quartile within its own peer group, not the entire market.

Four dimension scores drive the overall peer score: Growth (revenue trajectory and expansion dynamics), Quality (margin structure and capital efficiency), Valuation (peer-relative pricing on standard multiples), and Stability (earnings consistency and financial predictability). Each dimension is scored 0–100 relative to the peer group, then combined into an overall peer score using equal weighting.

Because scores are peer-relative, the same company can have slightly different scores in different index universes. On comparison pages, both companies are shown within their shared peer universe wherever possible — so the scores are directly comparable. The peer basis is stated on each score card.

Scores are recalculated periodically as underlying financial data is updated. All analysis is descriptive and rule-based — AssetNext describes structural realities and never issues buy, sell or hold recommendations.