What is DARLING INGREDIENTS INC.'s earnings per share (EPS)?

DARLING INGREDIENTS INC. (DAR) reported diluted earnings per share of $0.39 for fiscal year 2025. This represents a -77.5% change compared to the previous fiscal year. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.

DARLING INGREDIENTS INC. (DAR) Financials

DAR

FY2025 annual

Revenue $6.1B +7.4% YoY

Net Income $62.8M -77.5% YoY

EPS (Diluted) $0.39 -77.5% YoY

Free Cash Flow $679.2M +34.0% YoY

Market Cap $10.3B as of Sep 12, 2026

Price / Sales 1.6x on $6.5B revenue, trailing 12 months to July 4, 2026

Price / Earnings 17.2x on $597.9M net income, trailing 12 months to July 4, 2026

Price / Book 2.0x on $5.2B equity, Q2 FY2027

A multiple compares the market's price with a filed figure; it says what the market pays, not how the business is doing. The market capitalization is the vendor's as of Sep 12, 2026; every other figure is from the SEC filings on this page. Not financial advice.

Source SEC Filings (10-K/10-Q) Latest period Q2 FY2027, ended Jul 4, 2026 Reported Aug 7, 2026 Currency USD FYE January

Newest figures come from the 10-Q for Q2 FY2027, filed Aug 7, 2026. Each column of the statement tables below links to the filing it was taken from, and every filing is listed on the DAR SEC filings page.

DARLING INGREDIENTS INC. (DAR) reported $6.1B in revenue for fiscal year 2025, up 7.4% from the prior fiscal year. This page shows its income statement, balance sheet, cash flow statement, and key financial ratios. View 15 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).

Rhea AI DAR FY2025 2026-08-30

Darling’s dominant mechanic is cash generation recovering faster than earnings, while heavy assets and interest costs keep profits compressed.

By FY2025, operating cash flow reached $1.1B while net income was only $63M; that divergence reflects noncash costs, working-capital timing, or below-operating charges weighing on reported earnings more than cash generation. Free cash flow margin reached 11.1%, more than twice FY2023’s 5.1%, showing reinvestment consumed a smaller share of internally generated cash even as profitability weakened.

Gross margin recovered to 24.0% in FY2025, but operating margin was just 4.5%; value created in production did not translate into operating earnings because costs below gross profit remained heavy. Interest expense was $222M against operating income of $273M, leaving little operating profit after financing costs.

Debt-to-equity eased to 0.8x from 0.9x in FY2024, yet total assets were about 1.7x revenue in FY2025, making asset productivity more important than headline margin alone. Capital expenditures were $380M versus operating cash flow of $1.1B, so reinvestment was funded internally despite weak accounting profitability.

Financial Health Signals

Financial Health Score 41/100

Scored against operating companies for FY2025. Each of the six dimensions is a percentile rank within that peer group; the overall is their average, with missing dimensions counted as zero out of six. A high score means strong standing among peers, not absolute cross-industry strength. How this score is calculated →

Health score ≠ stock price. This rates the quality of DARLING INGREDIENTS INC.'s business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.

Profitability

DARLING INGREDIENTS INC. has an operating margin of 4.5%, meaning the company retains $4 of operating profit per $100 of revenue. This results in a moderate score of 60/100, indicating healthy but not exceptional operating efficiency. This is down from 8.2% the prior year.

Growth

DARLING INGREDIENTS INC.'s revenue grew 7.4% year-over-year to $6.1B, a solid pace of expansion. This earns a growth score of 17/100.

Leverage

DARLING INGREDIENTS INC. has elevated debt relative to equity (D/E of 0.82), meaning the company relies heavily on borrowed funds. This high leverage results in a low score of 12/100, reflecting increased financial risk.

Liquidity

DARLING INGREDIENTS INC.'s current ratio of 1.50 indicates adequate short-term liquidity, earning a score of 41/100. The company can meet its near-term obligations, though with limited headroom.

Cash Flow

DARLING INGREDIENTS INC. has a free cash flow margin of 11.1%, earning a moderate score of 64/100. The company generates positive cash flow after capital investments, but with room for improvement.

Returns

DARLING INGREDIENTS INC.'s ROE of 1.3% shows moderate profitability relative to equity, earning a score of 49/100. This is down from 6.4% the prior year.

Altman Z-Score Grey Zone

2.42

DARLING INGREDIENTS INC. scores 2.42, placing it in the grey zone between 1.81 and 2.99. This signals moderate financial risk that warrants monitoring.

Distress-screening estimate for non-financial companies. Not computed for banks or insurers, where the Altman model does not apply.

Piotroski F-Score Strong

8/9

DARLING INGREDIENTS INC. passes 8 of 9 financial strength tests. 3 of 4 profitability signals pass, all 3 leverage/liquidity signals pass, both operating efficiency signals pass.

Earnings Quality Cash-Backed

16.87x

For every $1 of reported earnings, DARLING INGREDIENTS INC. generates $16.87 in operating cash flow ($1.1B OCF vs $62.8M net income). This indicates profits are well-supported by actual cash generation, not accounting adjustments.

Interest Coverage At Risk

1.23x

DARLING INGREDIENTS INC. earns $1.23 in operating income for every $1 of interest expense ($273.4M vs $222.3M). This narrow margin raises concern about the company's ability to service its debt if operating income declines.

Key Financial Metrics

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Earnings & Revenue

Revenue

$1.7B

YoY+16.4%

QoQ+11.2%

5Y CAGR+7.5%

10Y CAGR+6.8%

DARLING INGREDIENTS INC. generated $1.7B in revenue in Q2 2027. This represents an increase of 16.4% from the same quarter a year earlier. Against the prior quarter it is up 11.2%.

EBITDA

$685.4M

YoY+248.1%

QoQ+91.6%

5Y CAGR+14.6%

10Y CAGR+20.3%

DARLING INGREDIENTS INC.'s EBITDA was $685.4M in Q2 2027, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 248.1% from the same quarter a year earlier. Against the prior quarter it is up 91.6%.

Net Income

$387.3M

YoY+2959.1%

QoQ+188.4%

5Y CAGR+14.5%

10Y CAGR+45.4%

DARLING INGREDIENTS INC. reported $387.3M in net income in Q2 2027. This represents an increase of 2959.1% from the same quarter a year earlier. Against the prior quarter it is up 188.4%.

EPS (Diluted)

$2.41

YoY+2912.5%

QoQ+190.4%

5Y CAGR+15.5%

10Y CAGR+47.3%

DARLING INGREDIENTS INC. earned $2.41 per diluted share (EPS) in Q2 2027. This represents an increase of 2912.5% from the same quarter a year earlier. Against the prior quarter it is up 190.4%.

Cash & Balance Sheet

Cash & Debt

$160.7M

YoY+70.0%

QoQ+38.6%

5Y CAGR+15.6%

10Y CAGR+0.2%

DARLING INGREDIENTS INC. held $160.7M in cash against $3.9B in long-term debt as of Q2 2027.

Shares Outstanding

158M

YoY-0.2%

QoQ-0.7%

5Y CAGR-0.5%

10Y CAGR-0.4%

DARLING INGREDIENTS INC. had 158M shares outstanding in Q2 2027. This represents a decrease of 0.2% from the same quarter a year earlier. Against the prior quarter it is down 0.7%.

Free Cash Flow

Not reported for Q2 2027.

Dividends Per Share

Not reported for Q2 2027.

Margins & Returns

Gross Margin

29.2%

YoY+5.8pp

QoQ+3.1pp

5Y change+2.4pp

DARLING INGREDIENTS INC.'s gross margin was 29.2% in Q2 2027, indicating the percentage of revenue retained after direct costs. This is up 5.8 percentage points from the same quarter a year earlier. Against the prior quarter it is up 3.1 percentage points.

Operating Margin

32.2%

YoY+27.1pp

QoQ+17.6pp

5Y change+9.8pp

10Y change+27.9pp

DARLING INGREDIENTS INC.'s operating margin was 32.2% in Q2 2027, reflecting core business profitability. This is up 27.1 percentage points from the same quarter a year earlier. Against the prior quarter it is up 17.6 percentage points.

Net Margin

22.5%

YoY+21.6pp

QoQ+13.8pp

5Y change+6.1pp

10Y change+21.4pp

DARLING INGREDIENTS INC.'s net profit margin was 22.5% in Q2 2027, showing the share of revenue converted to profit. This is up 21.6 percentage points from the same quarter a year earlier. Against the prior quarter it is up 13.8 percentage points.

Return on Equity

7.4%

YoY+7.1pp

QoQ+4.6pp

5Y change+1.1pp

10Y change+6.9pp

DARLING INGREDIENTS INC.'s ROE was 7.4% in Q2 2027, measuring profit generated per dollar of shareholder equity. This is up 7.1 percentage points from the same quarter a year earlier. Against the prior quarter it is up 4.6 percentage points.

Capital Allocation

Share Buybacks

$73.4M

5Y CAGR-0.6%

DARLING INGREDIENTS INC. spent $73.4M on share buybacks in Q2 2027, returning capital to shareholders by reducing shares outstanding.

R&D Spending

Not reported for Q2 2027.

Capital Expenditures

Not reported for Q2 2027.

DAR Income Statement

Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.

DAR quarterly income statement

Metric	TTM	FY2510-K	FY2410-K	FY2310-K	FY2210-K	FY2110-K	FY2010-K	FY1910-K	FY1810-K	FY1710-K	FY1610-K	FY1510-K	FY1410-K	FY1310-K	FY1210-K	FY1110-K
Revenue	$6.5B	$6.1B+7.4%	$5.7B-15.8%	$6.8B+3.9%	$6.5B+37.8%	$4.7B+32.7%	$3.6B+6.2%	$3.4B-0.7%	$3.4B-7.5%	$3.7B+8.0%	$3.4B0.0%	$3.4B-14.3%	$4.0B+119.5%	$1.8B+1.7%	$1.8B-1.4%	$1.8B
Cost of Revenue	$4.8B	$4.7B+5.1%	$4.4B-13.7%	$5.1B+2.8%	$5.0B+43.0%	$3.5B+30.1%	$2.7B+3.9%	$2.6B-2.2%	$2.6B-8.0%	$2.9B+9.1%	$2.6B-0.7%	$2.7B-15.0%	$3.1B+133.1%	$1.3B+2.8%	$1.3B+2.8%	$1.3B
Gross Profit	$1.7B	$1.5B+15.3%	$1.3B-22.3%	$1.6B+7.5%	$1.5B+23.2%	$1.2B+40.6%	$883.1M+14.0%	$774.8M+4.5%	$741.4M-5.7%	$786.6M+4.0%	$756.6M+2.6%	$737.2M-11.5%	$833.3M+80.2%	$462.4M-1.4%	$468.8M-11.4%	$529.0M
SG&A Expenses	$591.5M	$551.2M+12.0%	$492.1M-9.3%	$542.5M+24.3%	$436.6M+11.5%	$391.5M+3.4%	$378.5M+5.6%	$358.5M+15.9%	$309.3M-10.0%	$343.5M+10.3%	$311.6M-1.5%	$316.4M-15.5%	$374.6M+119.3%	$170.8M+12.6%	$151.7M+11.4%	$136.1M
Operating Income	$951.2M	$273.4M-41.6%	$468.2M-50.7%	$949.7M-7.7%	$1.0B+16.3%	$884.5M+105.2%	$430.9M-9.4%	$475.8M+86.6%	$255.0M+50.5%	$169.4M+9.5%	$154.7M+8.5%	$142.6M-13.3%	$164.5M-3.0%	$169.6M-26.8%	$231.7M-26.2%	$314.0M
EBITDA	N/A	$781.9M-19.6%	$972.0M-33.0%	$1.5B+2.0%	$1.4B+18.6%	$1.2B+53.7%	$781.1M-2.5%	$801.3M+39.1%	$576.2M+22.2%	$471.5M+6.1%	$444.6M+7.8%	$412.5M-4.9%	$434.0M+61.7%	$268.4M-15.4%	$317.1M-19.3%	$392.9M
Interest Expense	$222.1M	$222.3M-12.4%	$253.9M-2.1%	$259.2M+106.4%	$125.6M+102.3%	$62.1M-14.6%	$72.7M-7.6%	$78.7M-9.0%	$86.4M-2.8%	$88.9M-5.6%	$94.2M-10.7%	$105.5M-22.1%	$135.4M+255.3%	$38.1M+58.4%	$24.1M-35.3%	$37.2M
Income Tax	$137.0M	-$9.4M+75.6%	-$38.3M-164.4%	$59.6M-59.4%	$146.6M-10.7%	$164.1M+208.0%	$53.3M-10.4%	$59.5M+394.3%	$12.0M+117.4%	-$69.2M-551.5%	$15.3M+13.4%	$13.5M+2.7%	$13.1M-76.0%	$54.7M-28.0%	$76.0M-26.1%	$102.9M
Net Income	$597.9M	$62.8M-77.5%	$278.9M-56.9%	$647.7M-12.2%	$737.7M+13.3%	$650.9M+119.3%	$296.8M-5.0%	$312.6M+208.0%	$101.5M-21.0%	$128.5M+25.6%	$102.3M+30.3%	$78.5M+22.3%	$64.2M-41.1%	$109.0M-16.7%	$130.8M-22.8%	$169.4M
EPS (Basic)	N/A	$0.40-77.1%	$1.75-56.8%	$4.05-11.6%	$4.58+14.2%	$4.01+119.1%	$1.83-3.7%	$1.90+206.5%	$0.62-20.5%	$0.78+25.8%	$0.62+29.2%	$0.48+23.1%	$0.39-57.1%	$0.91-18.0%	$1.11-24.5%	$1.47
EPS (Diluted)	$3.71	$0.39-77.5%	$1.73-56.6%	$3.99-11.1%	$4.49+15.1%	$3.90+119.1%	$1.78-4.3%	$1.86+210.0%	$0.60-22.1%	$0.77+24.2%	$0.62+29.2%	$0.48+23.1%	$0.39-57.1%	$0.91-18.0%	$1.11-24.5%	$1.47
Diluted Shares (Avg)	N/A	160M-0.8%	161M-0.6%	162M-1.1%	164M-1.8%	167M-0.1%	167M-0.7%	168M+0.3%	168M+0.7%	167M+0.9%	165M+0.1%	165M0.0%	165M+37.6%	120M+1.6%	118M+2.2%	116M

Metric	Q2'2710-Q	Q1'2710-Q	Q4'2610-Q	Q3'2610-Q	Q2'2610-Q	Q1'2610-Q	Q4'2510-K	Q3'2510-Q
Revenue	$1.7B+16.4%	$1.6B+12.3%	$1.7B+20.6%	$1.6B+10.0%	$1.5B+1.8%	$1.4B-2.8%	$1.4B-12.2%	$1.4B-12.5%
Cost of Revenue	$1.2B+7.5%	$1.1B+7.2%	$1.3B+18.1%	$1.2B+6.2%	$1.1B+0.6%	$1.1B-4.2%	$1.1B-8.0%	$1.1B-10.5%
Gross Profit	$503.4M+45.5%	$404.9M+30.1%	$429.2M+28.6%	$387.0M+23.4%	$345.9M+5.8%	$311.4M+2.5%	$333.8M-23.5%	$313.6M-18.9%
SG&A Expenses	$150.9M+9.3%	$149.1M+22.6%	$151.9M+41.3%	$139.6M+20.6%	$138.1M+6.4%	$121.6M-12.6%	$107.5M-18.9%	$115.7M-16.0%
Operating Income	$555.2M+631.8%	$226.8M+698.5%	$97.4M-20.4%	$71.7M+19.3%	$75.9M-48.9%	$28.4M-79.3%	$122.4M-22.9%	$60.1M-66.3%
EBITDA	$685.4M+248.1%	$357.7M+135.0%	$237.0M-5.4%	$195.8M+6.6%	$196.9M-27.9%	$152.2M-42.5%	$250.6M-15.6%	$183.7M-39.7%
Interest Expense	$55.5M+7.0%	$54.1M-6.6%	$55.5M+1.1%	$56.9M-14.8%	$51.9M-25.1%	$58.0M-7.8%	$54.9M	$66.8M
Income Tax	$110.6M+2621.7%	$38.6M+3447.1%	-$11.0M+56.9%	-$1.2M+92.9%	$4.1M+425.2%	-$1.2M-129.5%	-$25.5M-452.6%	-$17.5M-13.7%
Net Income	$387.3M+2959.1%	$134.3M+613.4%	$56.9M-44.1%	$19.4M+14.2%	$12.7M-83.9%	-$26.2M-132.2%	$101.9M+20.6%	$16.9M-86.4%
EPS (Basic)	$2.44+2950.0%	$0.85+631.3%	$0.36-43.8%	$0.12+9.1%	$0.08-83.7%	-$0.16-131.4%	$0.64+20.8%	$0.11-85.9%
EPS (Diluted)	$2.41+2912.5%	$0.83+618.8%	$0.35-44.4%	$0.12+9.1%	$0.08-83.7%	-$0.16-132.0%	$0.63+21.2%	$0.11-85.7%
Diluted Shares (Avg)	161M+0.6%	161M+1.5%	N/A	160M-0.6%	160M-1.2%	159M-2.0%	N/A	161M-0.9%

Not reported in any period shown, so not listed: R&D Expenses.

DAR Balance Sheet

DAR quarterly balance sheet

Metric	FY2510-K	FY2410-K	FY2310-K	FY2210-K	FY2110-K	FY2010-K	FY1910-K	FY1810-K	FY1710-K	FY1610-K	FY1510-K	FY1410-K	FY1310-K	FY1210-K	FY1110-K
Total Assets	$10.3B+2.3%	$10.1B-9.0%	$11.1B+20.2%	$9.2B+50.0%	$6.1B+9.3%	$5.6B+5.0%	$5.3B+9.3%	$4.9B-1.4%	$5.0B+5.5%	$4.7B-1.3%	$4.8B-7.1%	$5.1B+58.0%	$3.2B+109.0%	$1.6B+9.6%	$1.4B
Current Assets	$1.6B+7.9%	$1.4B-22.4%	$1.9B+13.3%	$1.6B+50.4%	$1.1B+10.3%	$987.0M+7.6%	$917.3M+2.2%	$897.9M-6.1%	$956.4M+7.1%	$893.3M-4.1%	$931.8M-7.6%	$1.0B-10.5%	$1.1B+288.4%	$290.3M+32.1%	$219.7M
Cash & Equivalents	$88.7M+16.7%	$76.0M-39.9%	$126.5M-0.4%	$127.0M+84.3%	$68.9M-15.6%	$81.6M+11.9%	$72.9M-32.0%	$107.3M+0.5%	$106.8M-6.8%	$114.6M-27.0%	$156.9M+44.2%	$108.8M-87.5%	$870.9M+743.5%	$103.2M+165.2%	$38.9M
Short-Term Investments	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0
Inventory	$527.7M-8.5%	$576.8M-24.0%	$758.7M+12.6%	$673.6M+47.3%	$457.5M+12.7%	$405.9M+11.8%	$363.0M+6.4%	$341.0M-4.8%	$358.2M+8.3%	$330.8M-4.0%	$344.6M-14.2%	$401.6M+516.6%	$65.1M+0.1%	$65.1M+28.0%	$50.8M
Accounts Receivable	N/A	N/A	N/A	$676.6M+44.2%	$469.1M+15.7%	$405.4M-0.2%	$406.3M+5.3%	$385.7M-1.6%	$391.8M+0.9%	$388.4M+4.6%	$371.4M-9.4%	$409.8M+263.1%	$112.8M+15.0%	$98.1M+2.4%	$95.8M
Long-Term Investments	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0
Goodwill	$2.5B+5.9%	$2.3B-6.5%	$2.5B+26.1%	$2.0B+61.6%	$1.2B-3.3%	$1.3B+3.0%	$1.2B-0.5%	$1.2B-5.5%	$1.3B+6.1%	$1.2B-0.6%	$1.2B-6.6%	$1.3B+88.2%	$701.6M+84.0%	$381.4M0.0%	$381.4M
Total Liabilities	$5.5B-2.1%	$5.6B-12.0%	$6.4B+20.0%	$5.3B+90.5%	$2.8B+4.8%	$2.7B-1.6%	$2.7B+5.8%	$2.6B-2.9%	$2.6B+0.3%	$2.6B-5.9%	$2.8B-9.4%	$3.1B+151.4%	$1.2B+149.6%	$490.0M-1.3%	$496.7M
Current Liabilities	$1.0B-0.8%	$1.0B+4.5%	$998.1M-6.6%	$1.1B+42.0%	$752.7M+11.5%	$675.3M-1.9%	$688.3M+27.4%	$540.5M-3.4%	$559.5M+23.8%	$451.9M+2.3%	$441.7M-8.6%	$483.4M+173.4%	$176.8M+34.3%	$131.7M+3.5%	$127.3M
Non-Current Liabilities	$4.5B-2.4%	$4.6B-15.0%	$5.4B+26.7%	$4.2B+108.4%	$2.0B+2.5%	$2.0B-1.5%	$2.0B0.0%	$2.0B-2.8%	$2.1B-4.6%	$2.2B-7.4%	$2.3B-9.6%	$2.6B+147.7%	$1.0B+192.0%	$358.3M-3.0%	$369.4M
Long-Term Debt	$3.9B-1.2%	$3.9B-10.5%	$4.4B+31.7%	$3.3B+130.4%	$1.4B-2.8%	$1.5B-5.0%	$1.6B-6.5%	$1.7B-1.8%	$1.7B-1.7%	$1.7B-8.4%	$1.9B-10.1%	$2.1B+142.0%	$866.9M+246.6%	$250.1M-10.7%	$280.0M
Total Equity	$4.7B+8.2%	$4.4B-4.9%	$4.6B+20.9%	$3.8B+16.1%	$3.3B+13.5%	$2.9B+12.7%	$2.6B+12.9%	$2.3B+1.3%	$2.2B+13.8%	$2.0B+5.5%	$1.9B-4.2%	$2.0B-3.4%	$2.0B+90.2%	$1.1B+15.4%	$920.4M
Retained Earnings	$4.1B+1.6%	$4.0B+7.5%	$3.7B+21.0%	$3.1B+31.4%	$2.3B+38.4%	$1.7B+21.2%	$1.4B+28.7%	$1.1B+10.8%	$981.2M+15.1%	$852.8M+13.6%	$750.5M+11.7%	$672.0M+10.6%	$607.7M+21.8%	$498.8M+35.5%	$368.0M

Metric	Q2'2710-Q	Q1'2710-Q	Q4'2610-Q	Q3'2610-Q	Q2'2610-Q	Q1'2610-Q	Q4'2510-K	Q3'2510-Q
Total Assets	$11.0B+6.9%	$10.6B+6.1%	$10.3B+2.3%	$10.5B-1.1%	$10.3B-3.3%	$10.0B-8.3%	$10.1B-9.0%	$10.6B-2.2%
Current Assets	$1.8B+17.5%	$1.6B+13.2%	$1.6B+7.9%	$1.5B+0.4%	$1.5B-0.8%	$1.5B-10.2%	$1.4B-22.4%	$1.5B-18.8%
Cash & Equivalents	$160.7M+70.0%	$116.0M+42.4%	$88.7M+16.7%	$91.5M-20.3%	$94.6M-22.2%	$81.5M-44.0%	$76.0M-39.9%	$114.8M-3.5%
Short-Term Investments	$0	$0	$0	$0	$0	$0	$0	$0
Inventory	$605.4M0.0%	$577.6M-3.0%	$527.7M-8.5%	$622.3M+0.7%	$605.3M-3.6%	$595.4M-13.4%	$576.8M-24.0%	$617.8M-24.9%
Long-Term Investments	$0	$0	$0	$0	$0	$0	$0	$0
Goodwill	$2.6B+3.1%	$2.5B+4.1%	$2.5B+5.9%	$2.5B+1.8%	$2.5B+2.5%	$2.4B-4.4%	$2.3B-6.5%	$2.5B+0.4%
Total Liabilities	$5.7B+1.7%	$5.7B+3.6%	$5.5B-2.1%	$5.7B-4.3%	$5.6B-8.2%	$5.5B-12.2%	$5.6B-12.0%	$5.9B-6.4%
Current Liabilities	$1.1B+12.7%	$1.0B+0.4%	$1.0B-0.8%	$1.0B-4.9%	$996.7M+3.5%	$1.0B+7.1%	$1.0B+4.5%	$1.1B+2.8%
Non-Current Liabilities	$4.6B-0.7%	$4.7B+4.4%	$4.5B-2.4%	$4.7B-4.2%	$4.6B-10.4%	$4.5B-15.7%	$4.6B-15.0%	$4.9B-8.2%
Long-Term Debt	$3.9B-2.0%	$4.1B+6.5%	$3.9B-1.2%	$4.0B-2.5%	$3.9B-9.0%	$3.8B-12.8%	$3.9B-10.5%	$4.1B-4.8%
Total Equity	$5.2B+13.7%	$4.9B+9.6%	$4.7B+8.2%	$4.7B+3.0%	$4.6B+3.4%	$4.4B-3.2%	$4.4B-4.9%	$4.6B+3.9%
Retained Earnings	$4.6B+15.0%	$4.2B+5.6%	$4.1B+1.6%	$4.0B+2.8%	$4.0B+2.7%	$4.0B+4.5%	$4.0B+7.5%	$3.9B+7.2%

Not reported in any period shown, so not listed: Accounts Receivable.

DAR Cash Flow Statement

DAR quarterly cash flow statement

Metric	TTM	FY2510-K	FY2410-K	FY2310-K	FY2210-K	FY2110-K	FY2010-K	FY1910-K	FY1810-K	FY1710-K	FY1610-K	FY1510-K	FY1410-K	FY1310-K	FY1210-K	FY1110-K
Operating Cash Flow	$1.4B	$1.1B+26.3%	$839.3M-6.7%	$899.3M+10.5%	$813.7M+15.5%	$704.4M+12.8%	$624.7M+72.3%	$362.6M-9.0%	$398.6M-2.9%	$410.4M+5.0%	$391.0M-7.1%	$421.0M+53.0%	$275.2M+30.6%	$210.7M-15.6%	$249.5M+3.6%	$240.9M
Depreciation & Amortization	N/A	$508.5M+0.9%	$503.8M+0.4%	$502.0M+27.2%	$394.7M+24.8%	$316.4M-9.6%	$350.2M+7.6%	$325.5M+1.3%	$321.2M+6.3%	$302.1M+4.2%	$289.9M+7.4%	$269.9M+0.1%	$269.5M+172.8%	$98.8M+15.7%	$85.4M+8.2%	$78.9M
Stock-Based Compensation	N/A	$21.8M+4.2%	$20.9M-36.9%	$33.2M+32.6%	$25.0M+14.5%	$21.8M-6.0%	$23.2M+10.5%	$21.0M+11.9%	$18.8M+6.7%	$17.6M+70.4%	$10.3M+14.8%	$9.0M-56.8%	$20.8M+120.6%	$9.4M+5.9%	$8.9M+126.4%	$3.9M
Capital Expenditures	N/A	$380.5M+14.4%	$332.5M-40.1%	$555.5M+42.0%	$391.3M+42.7%	$274.1M-2.1%	$280.1M-22.1%	$359.5M+11.7%	$321.9M+17.4%	$274.2M+12.6%	$243.5M+5.9%	$229.8M+0.4%	$228.9M+93.5%	$118.3M+2.5%	$115.4M+91.9%	$60.2M
Free Cash Flow	N/A	$679.2M+34.0%	$506.8M+47.4%	$343.8M-18.6%	$422.4M-1.8%	$430.3M+24.9%	$344.5M+10932.2%	$3.1M-95.9%	$76.7M-43.7%	$136.3M-7.6%	$147.5M-22.8%	$191.1M+313.2%	$46.3M-49.9%	$92.4M-31.1%	$134.1M-25.8%	$180.7M
Investing Cash Flow	-$1.0B	-$681.4M-36.6%	-$498.9M+70.2%	-$1.7B+30.7%	-$2.4B-392.9%	-$490.3M-57.8%	-$310.6M+8.1%	-$338.1M+1.3%	-$342.4M-20.5%	-$284.1M-16.8%	-$243.2M-5.9%	-$229.7M+90.1%	-$2.3B-159.5%	-$895.4M-482.1%	-$153.8M-83.8%	-$83.7M
Financing Cash Flow	-$239.9M	-$376.7M+5.7%	-$399.6M-145.6%	$876.3M-47.8%	$1.7B+858.3%	-$221.4M+27.9%	-$307.0M-459.3%	-$54.9M-15.3%	-$47.6M+69.3%	-$154.9M+15.8%	-$183.9M-31.7%	-$139.6M-110.9%	$1.3B-12.5%	$1.5B+4742.7%	-$31.4M+77.2%	-$137.4M
Share Buybacks	$73.4M	$34.7M+1.2%	$34.3M-35.3%	$52.9M-57.8%	$125.5M-25.1%	$167.7M+204.7%	$55.0M+185.8%	$19.3M	$0	$0-100.0%	$5.0M-15.4%	$5.9M	$0	$0	N/A	N/A

Metric	Q2'2710-Q	Q1'2710-Q	Q4'2610-Q	Q3'2610-Q	Q2'2610-Q	Q1'2610-Q	Q4'2510-K	Q3'2510-Q
Operating Cash Flow	$533.5M+265.9%	$153.0M-38.6%	$440.6M+185.4%	$224.3M-18.3%	$145.8M-0.5%	$249.0M-5.7%	$154.4M-28.8%	$274.5M-0.8%
Depreciation & Amortization	$130.2M+7.5%	$130.9M+5.7%	$139.5M+8.9%	$124.1M+0.4%	$121.1M-2.8%	$123.8M-2.9%	$128.2M-7.1%	$123.6M-1.9%
Stock-Based Compensation	N/A	$7.9M+371.2%	N/A	N/A	N/A	-$2.9M-122.8%	N/A	N/A
Investing Cash Flow	-$234.9M-116.1%	-$288.7M-469.9%	-$234.6M-406.7%	-$287.5M-342.6%	-$108.7M-12.4%	-$50.7M+82.6%	-$46.3M+72.6%	-$64.9M+59.0%
Financing Cash Flow	-$262.0M-758.0%	$183.1M+198.8%	-$208.2M-25.2%	$47.2M+123.5%	-$30.5M+62.3%	-$185.2M-479.8%	-$166.3M-543.2%	-$201.0M-70.5%
Share Buybacks	$73.4M	$0-100.0%	$0-100.0%	$0	$0-100.0%	$34.7M	$5.1M	$0

Not reported in any period shown, so not listed: Capital Expenditures, Free Cash Flow, Dividends Paid.

DAR Financial Ratios

Margins and returns are percentages; the remaining ratios are unitless multiples. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.

DAR quarterly financial ratios

Metric	FY2510-K	FY2410-K	FY2310-K	FY2210-K	FY2110-K	FY2010-K	FY1910-K	FY1810-K	FY1710-K	FY1610-K	FY1510-K	FY1410-K	FY1310-K	FY1210-K	FY1110-K
Gross Margin	24.0%+1.7pp	22.4%-1.9pp	24.2%+0.8pp	23.4%-2.8pp	26.2%+1.5pp	24.7%+1.7pp	23.0%+1.2pp	21.9%+0.4pp	21.5%-0.8pp	22.3%+0.6pp	21.7%+0.7pp	21.1%-4.6pp	25.7%-0.8pp	26.5%-3.0pp	29.4%
Operating Margin	4.5%-3.7pp	8.2%-5.8pp	14.0%-1.8pp	15.8%-2.9pp	18.6%+6.6pp	12.1%-2.1pp	14.1%+6.6pp	7.5%+2.9pp	4.6%+0.1pp	4.6%+0.4pp	4.2%+0.1pp	4.2%-5.3pp	9.4%-3.7pp	13.1%-4.4pp	17.5%
Net Margin	1.0%-3.9pp	4.9%-4.7pp	9.5%-1.8pp	11.3%-2.4pp	13.7%+5.4pp	8.3%-1.0pp	9.3%+6.3pp	3.0%-0.5pp	3.5%+0.5pp	3.0%+0.7pp	2.3%+0.7pp	1.6%-4.4pp	6.0%-1.3pp	7.4%-2.0pp	9.4%
Return on Equity	1.3%-5.0pp	6.4%-7.7pp	14.1%-5.3pp	19.4%-0.5pp	19.8%+9.6pp	10.3%-1.9pp	12.2%+7.7pp	4.5%-1.3pp	5.7%+0.5pp	5.2%+1.0pp	4.2%+0.9pp	3.3%-2.1pp	5.4%-6.9pp	12.3%-6.1pp	18.4%
Return on Assets	0.6%-2.2pp	2.8%-3.1pp	5.9%-2.2pp	8.0%-2.6pp	10.6%+5.3pp	5.3%-0.6pp	5.9%+3.8pp	2.1%-0.5pp	2.6%+0.4pp	2.2%+0.5pp	1.7%+0.4pp	1.3%-2.1pp	3.4%-5.1pp	8.4%-3.5pp	12.0%
Current Ratio	1.50+0.1x	1.38-0.5x	1.86+0.3x	1.53+0.1x	1.450.0x	1.46+0.1x	1.33-0.3x	1.660.0x	1.71-0.3x	1.98-0.1x	2.110.0x	2.09-4.3x	6.38+4.2x	2.20+0.5x	1.73
Debt-to-Equity	0.82-0.1x	0.89-0.1x	0.95+0.1x	0.87+0.4x	0.44-0.1x	0.51-0.1x	0.61-0.1x	0.730.0x	0.76-0.1x	0.88-0.1x	1.01-0.1x	1.07+0.6x	0.43+0.2x	0.24-0.1x	0.30
Asset Turnover	0.600.0x	0.570.0x	0.61-0.1x	0.71-0.1x	0.77+0.1x	0.640.0x	0.63-0.1x	0.690.0x	0.740.0x	0.720.0x	0.71-0.1x	0.77+0.2x	0.56-0.6x	1.14-0.1x	1.27
FCF Margin	11.1%+2.2pp	8.9%+3.8pp	5.1%-1.4pp	6.5%-2.6pp	9.1%-0.6pp	9.7%+9.6pp	0.1%-2.2pp	2.3%-1.5pp	3.7%-0.6pp	4.3%-1.3pp	5.6%+4.5pp	1.2%-4.0pp	5.1%-2.4pp	7.6%-2.5pp	10.1%

Metric	Q2'2710-Q	Q1'2710-Q	Q4'2610-Q	Q3'2610-Q	Q2'2610-Q	Q1'2610-Q	Q4'2510-K	Q3'2510-Q
Gross Margin	29.2%+5.8pp	26.1%+3.6pp	25.1%+1.6pp	24.8%+2.7pp	23.4%+0.9pp	22.6%+1.2pp	23.5%-3.5pp	22.1%-1.7pp
Operating Margin	32.2%+27.1pp	14.6%+12.6pp	5.7%-2.9pp	4.6%+0.4pp	5.1%-5.1pp	2.1%-7.6pp	8.6%-1.2pp	4.2%-6.8pp
Net Margin	22.5%+21.6pp	8.7%+10.5pp	3.3%-3.9pp	1.2%0.0pp	0.9%-4.6pp	-1.9%-7.6pp	7.2%+2.0pp	1.2%-6.5pp
Return on Equity	7.4%+7.1pp	2.8%+3.3pp	1.2%-1.1pp	0.4%0.0pp	0.3%-1.5pp	-0.6%-2.4pp	2.3%+0.5pp	0.4%-2.5pp
Return on Assets	3.5%+3.4pp	1.3%+1.5pp	0.5%-0.5pp	0.2%0.0pp	0.1%-0.6pp	-0.3%-1.0pp	1.0%+0.2pp	0.2%-1.0pp
Current Ratio	1.56+0.1x	1.58+0.2x	1.50+0.1x	1.49+0.1x	1.50-0.1x	1.40-0.3x	1.38-0.5x	1.41-0.4x
Debt-to-Equity	0.73-0.1x	0.830.0x	0.82-0.1x	0.860.0x	0.85-0.1x	0.86-0.1x	0.89-0.1x	0.91-0.1x
Asset Turnover	0.160.0x	0.150.0x	0.170.0x	0.150.0x	0.140.0x	0.140.0x	0.140.0x	0.130.0x

Not reported in any period shown, so not listed: FCF Margin.

Similar Companies

Newest fiscal year on record for each company. The health score is the peer-relative Financial Health Score for that year; a dash means no score is published for it.

Company	Fiscal year	Revenue	Net income	Net margin	Market cap	Health score
DARLING INGREDIENTS INC. DAR	FY2025	$6.1B	$62.8M	1.0%	$10.3B	41/100
BellRing Brands, Inc. BRBR	FY2025	$2.3B	$216.2M	9.3%	$1.1B	70/100
POST HOLDINGS, INC. POST	FY2025	$8.2B	$335.7M	4.1%	$3.6B	50/100
Ingredion Incorporated INGR	FY2025	$7.2B	$729.0M	10.1%	$6.3B	60/100
Smithfield Foods, Inc. SFD	FY2025	$15.5B	$987.0M	6.4%	$8.0B	57/100

Where DARLING INGREDIENTS INC. Ranks

Frequently Asked Questions

What is DARLING INGREDIENTS INC.'s annual revenue?

DARLING INGREDIENTS INC. (DAR) reported $6.1B in total revenue for fiscal year 2025. This represents a 7.4% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.

How fast is DARLING INGREDIENTS INC.'s revenue growing?

DARLING INGREDIENTS INC. (DAR) revenue grew by 7.4% year-over-year, from $5.7B to $6.1B in fiscal year 2025.

Is DARLING INGREDIENTS INC. profitable?

Yes, DARLING INGREDIENTS INC. (DAR) reported a net income of $62.8M in fiscal year 2025, with a net profit margin of 1.0%.

What is DARLING INGREDIENTS INC.'s EBITDA?

DARLING INGREDIENTS INC. (DAR) had EBITDA of $781.9M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.

How much debt does DARLING INGREDIENTS INC. have?

As of fiscal year 2025, DARLING INGREDIENTS INC. (DAR) had $88.7M in cash and equivalents against $3.9B in long-term debt.

What is DARLING INGREDIENTS INC.'s gross margin?

DARLING INGREDIENTS INC. (DAR) had a gross margin of 24.0% in fiscal year 2025, indicating the percentage of revenue retained after direct costs of goods sold.

What is DARLING INGREDIENTS INC.'s operating margin?

DARLING INGREDIENTS INC. (DAR) had an operating margin of 4.5% in fiscal year 2025, reflecting the profitability of core business operations before interest and taxes.

What is DARLING INGREDIENTS INC.'s net profit margin?

DARLING INGREDIENTS INC. (DAR) had a net profit margin of 1.0% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.

What is DARLING INGREDIENTS INC.'s return on equity (ROE)?

DARLING INGREDIENTS INC. (DAR) has a return on equity of 1.3% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.

What is DARLING INGREDIENTS INC.'s free cash flow?

DARLING INGREDIENTS INC. (DAR) generated $679.2M in free cash flow during fiscal year 2025. This represents a 34.0% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.

What is DARLING INGREDIENTS INC.'s operating cash flow?

DARLING INGREDIENTS INC. (DAR) generated $1.1B in operating cash flow during fiscal year 2025, representing cash generated from core business activities.

What are DARLING INGREDIENTS INC.'s total assets?

DARLING INGREDIENTS INC. (DAR) had $10.3B in total assets as of fiscal year 2025, including both current and long-term assets.

What are DARLING INGREDIENTS INC.'s capital expenditures?

DARLING INGREDIENTS INC. (DAR) invested $380.5M in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.

Does DARLING INGREDIENTS INC. buy back shares?

Yes, DARLING INGREDIENTS INC. (DAR) spent $34.7M on share buybacks during fiscal year 2025, returning capital to shareholders by reducing shares outstanding.

How many shares does DARLING INGREDIENTS INC. have outstanding?

DARLING INGREDIENTS INC. (DAR) had 159M shares outstanding as of fiscal year 2025.

What is DARLING INGREDIENTS INC.'s current ratio?

DARLING INGREDIENTS INC. (DAR) had a current ratio of 1.50 as of fiscal year 2025, which is generally considered healthy.

What is DARLING INGREDIENTS INC.'s debt-to-equity ratio?

DARLING INGREDIENTS INC. (DAR) had a debt-to-equity ratio of 0.82 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.

What is DARLING INGREDIENTS INC.'s return on assets (ROA)?

DARLING INGREDIENTS INC. (DAR) had a return on assets of 0.6% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.

What is DARLING INGREDIENTS INC.'s P/E ratio?

DARLING INGREDIENTS INC. (DAR) trades at 17.2x earnings, its market capitalization divided by net income of $597.9M net income, trailing 12 months to July 4, 2026. The market capitalization is $10.3B as of Sep 12, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.

What is DARLING INGREDIENTS INC.'s price-to-sales ratio?

DARLING INGREDIENTS INC. (DAR) trades at 1.6x sales, its market capitalization divided by revenue of $6.5B revenue, trailing 12 months to July 4, 2026. The market capitalization is $10.3B as of Sep 12, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.

What is DARLING INGREDIENTS INC.'s Altman Z-Score?

DARLING INGREDIENTS INC. (DAR) has an Altman Z-Score of 2.42, placing it in the Grey Zone (moderate risk). The Z-Score combines five financial ratios (working capital, retained earnings, EBIT, market capitalization, and revenue relative to total assets) to predict the likelihood of bankruptcy. Scores above 2.99 indicate financial safety while scores below 1.81 suggest financial distress. Learn more in our complete guide to financial health indicators.

What is DARLING INGREDIENTS INC.'s Piotroski F-Score?

DARLING INGREDIENTS INC. (DAR) has a Piotroski F-Score of 8 out of 9, indicating strong financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.

Are DARLING INGREDIENTS INC.'s earnings high quality?

DARLING INGREDIENTS INC. (DAR) has an earnings quality ratio of 16.87x, considered cash-backed (high quality). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.

Can DARLING INGREDIENTS INC. cover its interest payments?

DARLING INGREDIENTS INC. (DAR) has an interest coverage ratio of 1.23x, meaning it can struggle to cover its interest obligations. This ratio divides operating income by interest expense. Ratios above 5x indicate strong debt-servicing ability, while ratios below 2x suggest the company may face difficulty meeting interest payments if earnings decline. Learn more in our complete guide to financial health indicators.

How financially healthy is DARLING INGREDIENTS INC.?

DARLING INGREDIENTS INC. (DAR) scores 41 out of 100 on our Financial Health Score, indicating moderate standing within its operating companies peer group. The score is a 0-100 composite of six dimensions (Profitability, Growth, Leverage, Liquidity, Cash Flow, Returns), each ranked as a percentile relative to companies in the same scoring family (banks against banks, REITs against REITs, and so on) rather than across all industries. It rates the quality of the business, not whether the stock is fairly priced, and is not financial advice. Learn more in our complete guide to financial health indicators.