For the twelve months ended Jul 4, 2026, Darling Ingredients Inc. reported $6.55B of revenue and $600.67M of net income.
DAR revenue was $1.72B in fiscal Q2 2026 (ended Jul 4, 2026), up 16.4% from a year earlier and up 11.2% from the prior quarter. For the full fiscal 2025 it was $6.14B, up 7.4% from fiscal 2024. Compound annual growth was +11.4% over 5 years and +6.1% over 10 years. It rose in 7 of the last 10 fiscal years.
DAR net income was $387.31M in fiscal Q2 2026 (ended Jul 4, 2026), up about 31-fold from a year earlier and up 182.6% from the prior quarter. For the full fiscal 2025 it was $62.80M, down 77.5% from fiscal 2024. Compound annual growth was -26.7% over 5 years and -2.2% over 10 years. It rose in 5 of the last 10 fiscal years.
DAR diluted EPS was $2.41 in fiscal Q2 2026 (ended Jul 4, 2026), up about 30-fold from a year earlier and up 190.4% from the prior quarter. For the full fiscal 2025 it was $0.39, down 77.5% from fiscal 2024. Compound annual growth was -26.2% over 5 years and -2.1% over 10 years.
DAR free cash flow was $679.24M for fiscal 2025 (ended Jan 3, 2026), up 34.0% from fiscal 2024. Compound annual growth was +14.5% over 5 years and +13.5% over 10 years. It rose in 4 of the last 10 fiscal years. Fiscal 2025 is the highest of the 15 fiscal years on file.
| Line item | Jan 3, 2026 | Dec 28, 2024 | Dec 30, 2023 | Dec 31, 2022 | Jan 1, 2022 | Jan 2, 2021 | Dec 28, 2019 | Dec 29, 2018 | Dec 30, 2017 | Dec 31, 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $6.14B | $5.72B | $6.79B | $6.53B | $4.74B | $3.57B | $3.36B | $3.39B | $3.66B | $3.39B |
| Cost of revenue | $4.66B | $4.44B | $5.14B | $5.00B | $3.50B | $2.69B | $2.59B | $2.65B | $2.88B | $2.64B |
| Gross profit | $1.47B | $1.28B | $1.65B | $1.53B | $1.24B | $883.11M | $774.82M | $741.35M | $786.57M | $756.60M |
| Selling, general and admin | $551.16M | $492.11M | $542.53M | $436.61M | $391.54M | $378.50M | $358.52M | $309.26M | $343.50M | $311.55M |
| Operating income | $273.44M | $468.22M | $949.73M | $1.03B | $884.47M | $430.94M | $475.82M | $255.00M | $169.44M | $154.73M |
| Interest expense | $222.28M | $253.86M | $259.22M | $125.57M | $62.08M | $72.69M | $78.67M | $86.43M | $88.93M | $94.19M |
| Pre-tax income | $61.03M | $247.51M | $719.96M | $893.72M | $821.40M | $353.62M | $380.43M | $117.97M | $64.20M | $122.54M |
| Income tax | -$9.36M | -$38.34M | $59.57M | $146.63M | $164.11M | $53.29M | $59.47M | $12.03M | -$69.15M | $15.31M |
| Net income | $62.80M | $278.88M | $647.73M | $737.69M | $650.91M | $296.82M | $312.60M | $101.50M | $128.47M | $102.31M |
| EPS, basic | $0.40 | $1.75 | $4.05 | $4.58 | $4.01 | $1.83 | $1.90 | $0.62 | $0.78 | $0.62 |
| EPS, diluted | $0.39 | $1.73 | $3.99 | $4.49 | $3.90 | $1.78 | $1.86 | $0.60 | $0.77 | $0.62 |
| Diluted shares | 160.2M | 161.4M | 162.4M | 164.1M | 167.1M | 167.2M | 168.4M | 167.9M | 166.7M | 165.2M |
| Line item | Jan 3, 2026 | Dec 28, 2024 | Dec 30, 2023 | Dec 31, 2022 | Jan 1, 2022 | Jan 2, 2021 | Dec 28, 2019 | Dec 29, 2018 | Dec 30, 2017 | Dec 31, 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and equivalents | $88.67M | $217.31M | $264.45M | $150.17M | $69.07M | $81.72M | $73.05M | $107.37M | $106.92M | $114.86M |
| Receivables | - | - | - | $676.57M | $469.09M | $405.39M | $406.34M | $385.74M | $391.85M | $388.40M |
| Inventory | $527.74M | $576.84M | $758.74M | $673.62M | $457.46M | $405.92M | $362.96M | $341.03M | $358.18M | $330.81M |
| Current assets | $1.55B | $1.44B | $1.86B | $1.64B | $1.09B | $986.99M | $917.29M | $897.94M | $956.45M | $893.30M |
| Goodwill | $2.46B | $2.32B | $2.48B | $1.97B | $1.22B | $1.26B | $1.22B | $1.23B | $1.30B | $1.23B |
| Total assets | $10.30B | $10.07B | $11.06B | $9.20B | $6.13B | $5.61B | $5.35B | $4.89B | $4.96B | $4.70B |
| Current liabilities | $1.03B | $1.04B | $998.14M | $1.07B | $752.68M | $675.30M | $688.34M | $540.50M | $559.48M | $451.85M |
| Long-term debt | $3.86B | $3.91B | $4.37B | $3.31B | $1.44B | $1.48B | $1.56B | $1.67B | $1.70B | $1.73B |
| Total debt | $3.86B | $3.91B | $4.37B | $3.31B | $1.44B | $1.48B | $1.56B | $1.67B | $1.70B | $1.73B |
| Total liabilities | $5.49B | $5.61B | $6.37B | $5.31B | $2.79B | $2.66B | $2.70B | $2.55B | $2.63B | $2.62B |
| Shareholders' equity | $4.74B | $4.46B | $4.69B | $3.90B | $3.35B | $2.95B | $2.64B | $2.34B | $2.33B | $2.08B |
| Line item | Jan 3, 2026 | Dec 28, 2024 | Dec 30, 2023 | Dec 31, 2022 | Jan 1, 2022 | Jan 2, 2021 | Dec 28, 2019 | Dec 29, 2018 | Dec 30, 2017 | Dec 31, 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $1.06B | $839.29M | $899.26M | $813.74M | $704.42M | $624.65M | $362.62M | $398.62M | $410.44M | $391.00M |
| Capital expenditures | $380.48M | $332.46M | $555.48M | $391.31M | $274.13M | $280.12M | $359.50M | $321.90M | $274.17M | $243.52M |
| Free cash flow | $679.24M | $506.82M | $343.78M | $422.43M | $430.29M | $344.54M | $3.12M | $76.72M | $136.27M | $147.47M |
| Investing cash flow | -$681.45M | -$498.90M | -$1.68B | -$2.42B | -$490.26M | -$310.63M | -$338.07M | -$342.42M | -$284.05M | -$243.19M |
| Financing cash flow | -$376.73M | -$399.56M | $876.29M | $1.68B | -$221.36M | -$306.99M | -$54.88M | -$47.58M | -$154.85M | -$183.87M |
| Share repurchases | $34.67M | $34.27M | $52.94M | $125.53M | $167.71M | $55.04M | $19.26M | $0 | $0 | $5.00M |
| Stock-based compensation | $21.80M | $20.92M | $33.16M | $25.00M | $21.84M | $23.22M | $21.01M | $18.78M | $17.60M | $10.33M |
| Depreciation and amortization | $508.50M | $503.82M | $502.01M | $394.72M | $316.39M | $350.18M | $325.51M | $321.19M | $302.10M | $289.91M |
| Line item | Jan 3, 2026 | Dec 28, 2024 | Dec 30, 2023 | Dec 31, 2022 | Jan 1, 2022 | Jan 2, 2021 | Dec 28, 2019 | Dec 29, 2018 | Dec 30, 2017 | Dec 31, 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue growth, YoY | 7.4% | -15.8% | 3.9% | 37.8% | 32.7% | 6.2% | -0.7% | -7.5% | 8.0% | 0.0% |
| Net income growth, YoY | -77.5% | -56.9% | -12.2% | 13.3% | 119.3% | -5.0% | 208.0% | -21.0% | 25.6% | 30.3% |
| EPS growth, YoY | -77.5% | -56.6% | -11.1% | 15.1% | 119.1% | -4.3% | 210.0% | -22.1% | 24.2% | 29.2% |
| Gross margin | 24.0% | 22.4% | 24.2% | 23.4% | 26.2% | 24.7% | 23.0% | 21.9% | 21.5% | 22.3% |
| Operating margin | 4.5% | 8.2% | 14.0% | 15.8% | 18.7% | 12.1% | 14.1% | 7.5% | 4.6% | 4.6% |
| Net margin | 1.0% | 4.9% | 9.5% | 11.3% | 13.7% | 8.3% | 9.3% | 3.0% | 3.5% | 3.0% |
| Free cash flow margin | 11.1% | 8.9% | 5.1% | 6.5% | 9.1% | 9.6% | 0.1% | 2.3% | 3.7% | 4.3% |
| Return on equity | 1.3% | 6.2% | 13.8% | 18.9% | 19.4% | 10.0% | 11.8% | 4.3% | 5.5% | 4.9% |
| Return on assets | 0.6% | 2.8% | 5.9% | 8.0% | 10.6% | 5.3% | 5.8% | 2.1% | 2.6% | 2.2% |
| Current ratio | 1.50 | 1.38 | 1.86 | 1.53 | 1.45 | 1.46 | 1.33 | 1.66 | 1.71 | 1.98 |
| Debt to equity | 0.82 | 0.88 | 0.93 | 0.85 | 0.43 | 0.50 | 0.59 | 0.71 | 0.73 | 0.83 |
| Line item | Jul 4, 2026 | Apr 4, 2026 | Jan 3, 2026 | Sep 27, 2025 | Jun 28, 2025 | Mar 29, 2025 | Dec 28, 2024 | Sep 28, 2024 | Jun 29, 2024 | Mar 30, 2024 | Dec 30, 2023 | Sep 30, 2023 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $1.72B | $1.55B | $1.71B | $1.56B | $1.48B | $1.38B | $1.42B | $1.42B | $1.46B | $1.42B | $1.61B | $1.63B |
| Cost of revenue | $1.22B | $1.15B | $1.28B | $1.18B | $1.14B | $1.07B | $1.08B | $1.11B | $1.13B | $1.12B | $1.18B | $1.24B |
| Gross profit | $503.37M | $404.92M | $429.18M | $387.01M | $345.92M | $311.35M | $333.76M | $313.57M | $326.87M | $303.63M | $436.43M | $386.47M |
| Selling, general and admin | $150.95M | $149.07M | $151.94M | $139.59M | $138.07M | $121.56M | $107.51M | $115.72M | $129.73M | $139.14M | $132.62M | $137.70M |
| Operating income | $555.24M | $226.77M | $97.45M | $71.73M | $75.87M | $28.40M | $122.44M | $60.11M | $148.50M | $137.17M | $158.83M | $178.37M |
| Interest expense | $55.53M | $54.12M | $55.51M | $56.92M | $51.87M | $57.97M | $54.91M | $66.85M | $69.22M | $62.88M | - | - |
| Pre-tax income | $499.91M | $175.68M | $47.86M | $19.81M | $18.33M | -$24.97M | $78.23M | $1.64M | $82.14M | $85.50M | $94.50M | $112.72M |
| Income tax | $110.64M | $38.63M | -$11.02M | -$1.25M | $4.07M | -$1.15M | -$25.55M | -$17.47M | $774.0K | $3.91M | $7.25M | -$15.36M |
| Net income | $387.31M | $137.06M | $56.94M | $19.36M | $12.66M | -$23.81M | $101.91M | $16.95M | $81.36M | $81.59M | $84.52M | $125.03M |
| EPS, basic | $2.44 | $0.85 | $0.36 | $0.12 | $0.08 | -$0.16 | $0.64 | $0.11 | $0.49 | $0.51 | $0.53 | $0.78 |
| EPS, diluted | $2.41 | $0.83 | $0.35 | $0.12 | $0.08 | -$0.16 | $0.63 | $0.11 | $0.49 | $0.50 | $0.53 | $0.77 |
| Diluted shares | 160.6M | 161.0M | - | 159.9M | 159.7M | 158.7M | - | 161.0M | 161.7M | 161.9M | - | 162.4M |
| Line item | Jul 4, 2026 | Apr 4, 2026 | Jan 3, 2026 | Sep 27, 2025 | Jun 28, 2025 | Mar 29, 2025 | Dec 28, 2024 | Sep 28, 2024 | Jun 29, 2024 | Mar 30, 2024 | Dec 30, 2023 | Sep 30, 2023 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash and equivalents | $160.74M | $116.02M | $88.67M | $91.49M | $218.71M | $224.16M | $217.31M | $260.94M | $265.59M | $292.63M | $264.45M | $253.53M |
| Receivables | - | - | - | - | - | - | - | - | - | - | - | $735.58M |
| Inventory | $605.36M | $577.57M | $527.74M | $622.32M | $605.33M | $595.41M | $576.84M | $617.85M | $627.69M | $687.49M | $758.74M | $822.76M |
| Current assets | $1.76B | $1.65B | $1.55B | $1.50B | $1.50B | $1.45B | $1.44B | $1.50B | $1.51B | $1.62B | $1.86B | $1.84B |
| Goodwill | $2.55B | $2.49B | $2.46B | $2.50B | $2.48B | $2.39B | $2.32B | $2.46B | $2.42B | $2.50B | $2.48B | $2.45B |
| Total assets | $10.98B | $10.64B | $10.30B | $10.45B | $10.27B | $10.03B | $10.07B | $10.57B | $10.62B | $10.94B | $11.06B | $10.81B |
| Current liabilities | $1.12B | $1.04B | $1.03B | $1.01B | $996.70M | $1.04B | $1.04B | $1.06B | $963.06M | $967.29M | $998.14M | $1.03B |
| Long-term debt | $3.85B | $4.05B | $3.86B | $4.03B | $3.93B | $3.80B | $3.91B | $4.13B | $4.32B | $4.36B | $4.37B | $4.34B |
| Total debt | $3.85B | $4.05B | $3.86B | $4.03B | $3.93B | $3.80B | $3.91B | $4.13B | $4.32B | $4.36B | $4.37B | $4.34B |
| Total liabilities | $5.68B | $5.70B | $5.49B | $5.68B | $5.58B | $5.50B | $5.61B | $5.94B | $6.08B | $6.26B | $6.37B | $6.34B |
| Shareholders' equity | $5.25B | $4.94B | $4.74B | $4.69B | $4.69B | $4.54B | $4.46B | $4.63B | $4.54B | $4.68B | $4.69B | $4.47B |
| Line item | Jul 4, 2026 | Apr 4, 2026 | Jan 3, 2026 | Sep 27, 2025 | Jun 28, 2025 | Mar 29, 2025 | Dec 28, 2024 | Sep 28, 2024 | Jun 29, 2024 | Mar 30, 2024 | Dec 30, 2023 | Sep 30, 2023 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $533.50M | $152.96M | $440.61M | $224.34M | $145.81M | $248.96M | $154.40M | $274.47M | $146.52M | $263.91M | $216.97M | $276.59M |
| Investing cash flow | -$234.88M | -$288.73M | -$234.60M | -$287.47M | -$108.71M | -$50.66M | -$46.30M | -$64.94M | -$96.69M | -$290.96M | -$168.82M | -$158.27M |
| Financing cash flow | -$262.00M | $183.05M | -$208.16M | $47.20M | -$30.54M | -$185.23M | -$166.31M | -$201.03M | -$80.98M | $48.77M | -$25.86M | -$117.93M |
| Share repurchases | $73.40M | $0 | $0 | $0 | $0 | $34.67M | $5.08M | $0 | $29.19M | $0 | $0 | $0 |
| Stock-based compensation | $8.56M | $7.95M | $11.88M | $8.27M | $4.58M | -$2.93M | -$3.87M | $1.19M | $10.75M | $12.84M | $6.11M | $8.96M |
| Depreciation and amortization | $130.18M | $130.91M | $139.54M | $124.06M | $121.06M | $123.83M | $128.16M | $123.55M | $124.61M | $127.51M | $137.93M | $125.99M |
| Line item | Jul 4, 2026 | Apr 4, 2026 | Jan 3, 2026 | Sep 27, 2025 | Jun 28, 2025 | Mar 29, 2025 | Dec 28, 2024 | Sep 28, 2024 | Jun 29, 2024 | Mar 30, 2024 | Dec 30, 2023 | Sep 30, 2023 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue growth, YoY | 16.4% | 12.3% | 20.6% | 10.0% | 1.8% | -2.8% | -12.2% | -12.5% | -17.2% | -20.7% | -8.7% | -7.0% |
| Net income growth, YoY | 2959.1% | - | -44.1% | 14.2% | -84.4% | - | 20.6% | -86.4% | -68.1% | -57.0% | -46.0% | -34.6% |
| EPS growth, YoY | 2912.5% | - | -44.4% | 9.1% | -83.7% | - | 18.9% | -85.7% | -68.4% | -56.1% | -44.2% | -34.2% |
| Gross margin | 29.2% | 26.1% | 25.1% | 24.7% | 23.3% | 22.6% | 23.5% | 22.1% | 22.5% | 21.4% | 27.0% | 23.8% |
| Operating margin | 32.2% | 14.6% | 5.7% | 4.6% | 5.1% | 2.1% | 8.6% | 4.2% | 10.2% | 9.7% | 9.8% | 11.0% |
| Net margin | 22.5% | 8.8% | 3.3% | 1.2% | 0.9% | -1.7% | 7.2% | 1.2% | 5.6% | 5.7% | 5.2% | 7.7% |
| Current ratio | 1.56 | 1.58 | 1.50 | 1.49 | 1.50 | 1.40 | 1.38 | 1.41 | 1.57 | 1.67 | 1.86 | 1.78 |
| Debt to equity | 0.73 | 0.82 | 0.82 | 0.86 | 0.84 | 0.84 | 0.88 | 0.89 | 0.95 | 0.93 | 0.93 | 0.97 |
Source: XBRL data Darling Ingredients Inc. files with the SEC, latest filing dated Aug 7, 2026 (see filings on SEC EDGAR). Provided for information only, not investment advice. Check the filing before relying on a number.
* Worked out from the filings rather than stated in them: Q4 is the full year less the first nine months.
Per-share figures are as filed. The filings show no stock split in these periods.
EPS growth is left out where the share count moved enough to suggest a split the filings do not show. Growth rates need a positive starting figure. CAGR is compound annual growth between fiscal years. The CSV holds every period on file, in full figures, from the same SEC filings.
| Company | Revenue | Growth | Net income | Net margin | Market cap |
|---|---|---|---|---|---|
| DAR | $6.55B | +14.9% | $600.67M | 9.2% | $8.00B |
| MDLZ | $39.90B | +6.0% | $4.08B | 10.2% | $84.58B |
| ADM | $84.06B | +1.0% | $2.48B | 3.0% | $33.54B |
| KHC | $24.78B | -1.5% | -$3.47B | -14.0% | $30.03B |
| GIS | $18.30B | -4.5% | -$894.80M | -4.9% | $19.49B |
| BG | $93.47B | +55.5% | $1.16B | 1.2% | $18.93B |
| SJM | $9.16B | +5.1% | $229.50M | 2.5% | $14.23B |
| MKC | $7.69B | +13.2% | $1.49B | 19.4% | $13.47B |
| LW | $6.62B | +2.6% | $254.80M | 3.8% | $7.59B |