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Stock Comparison · Structural lead, mixed market

Ecolab vs Norsk Hydro A: Which Stock Looks Stronger in 2026?

Ecolab holds the cleaner structural position, with growth as the main driver and profitability adding further support. Norsk Hydro ASA does not offset that deficit through any equally strong structural edge elsewhere. In the market, Norsk Hydro ASA carries the stronger setup — intact trend against Ecolab's broken trend. That leaves a split case: the structural lead stays with Ecolab, but the market is not currently confirming it.

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, NHY.OL: STOXX 600).

Updated 2026-05-17

The clearest score difference appears in growth. The overall score gap is 26 points in favour of Ecolab Inc..

Trajectory Similarity
0.73
Similar
Peer-set rank: #19
within Ecolab Inc.'s functional peer set

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

The pair sits on a clearly comparable long-term path, though it is not a near-twin match.

The clearest structural overlap shows up 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.
63
Peer-Score
Signal qualitylow
Peer basis: Russell 1000
vs
NHY.OL
Norsk Hydro ASA
37
Peer-Score
Signal qualityMedium
Peer basis: STOXX 600

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

The largest gaps do not all point in the same direction.

Dimension spread: ECL vs NHY.OL Profitability 55 34 Stability 66 66 Valuation 54 39 Growth 85 8 ECL NHY.OL
Gap Ranking
#1 Growth +77
#2 Profitability +21
#3 Valuation +15
#4 Stability
Price Setup

Left means cheaper relative valuation. Higher means stronger structure.

Price setup map for ECL and NHY.OL Stronger + cheaper Stronger + richer Weaker + cheaper Weaker + richer ECLNHY.OL Relative valuation Structural strength

Ecolab Inc. looks stronger on relative valuation, while the broader price setup remains mixed.

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

Entry today — historical context

Where ECL and NHY.OL each sit in their own 5-year price and valuation history.

BASED ON 5-YEAR HISTORY ECL Elevated · below norm 0th 50th 100th 24 pct gap NHY.OL Elevated · above norm 0th 50th 100th 75th 99th
Today ECL sits in the upper portion of its own 5-year history (75th percentile), while NHY.OL sits higher in its own history (99th). Within each stock's own 5-year context, ECL is at a historically more favourable entry position than NHY.OL. 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
Growth
On growth, Ecolab Inc. ranks near the top of the group; Norsk Hydro ASA sits in the weaker half.
Profitability
Ecolab Inc. sits in the stronger part of the group on profitability, while Norsk Hydro ASA is closer to mid-pack.
Growth — Dominant Gap
ECL
85
NHY.OL
8
Gap+77in favour of ECL

One company is still expanding while the other is contracting, which creates a very wide growth split.

What keeps the gap from being one-sided

On the market side, Norsk Hydro ASA carries the stronger trend while Ecolab's trend has broken — the market setup does not confirm the structural advantage.

What this means for the comparison

Growth is the clearest driver, and profitability also supports Ecolab Inc.'s broader structural position.

Explore full peer positioning in AssetNext

Break down the ECL vs NHY.OL comparison across all dimensions with the full interactive tool.

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Similar growth-driven comparisons

Explore how ECL and NHY.OL 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.