
Darling Ingredients Inc.
NYSE•DAR
CEO: Mr. Randall C. Stuewe Randy
Sector: Consumer Defensive
Industry: Packaged Foods
Listing Date: 1994-09-09
Darling Ingredients Inc. develops, produces, and sells natural ingredients from edible and inedible bio-nutrients in North America, Europe, China, South America, and internationally. The company operates through three segments: Feed Ingredients, Food Ingredients, and Fuel Ingredients. It offers ingredients and customized specialty solutions for customers in the pharmaceutical, food, pet food, feed, industrial, fuel, bioenergy, and fertilizer industries. The company also collects and transforms various animal by-product streams into useable and specialty ingredients, such as collagen, edible fats, feed-grade fats, animal proteins and meals, plasma, pet food ingredients, organic fertilizers, yellow grease, fuel feedstock, green energy, natural casings, and hides. In addition, it recovers and converts used cooking oil and animal fats, and residual bakery products into valuable feed and fuel ingredients. Further, the company provides environmental services, including grease trap collection and disposal services to food service establishments. It primarily operates under the Rendac, Sonac, FASA, Ecoson, Rousselot, Gelnex, and CTH brand names. The company was formerly known as Darling International Inc. and changed its name to Darling Ingredients Inc. in May 2014. Darling Ingredients Inc. was founded in 1882 and is headquartered in Irving, Texas.
Contact Information
Market Cap
$6.23B
P/E (TTM)
59.8
17.3
Dividend Yield
--
52W High
$42.15
52W Low
$26.00
52W Range
Rank48Top 64.4%
3.3
F-Score
Modified Piotroski Analysis
Based on 10-year fundamentals
Weak • 3.3 / 9 points
Scoring Range (0-9)
8-9: Excellent Value
6-7: Strong Fundamentals
4-5: Average Quality
0-3: Weak Performance
Data Period: 2016-2025
Financial Dashboard
Q3 2025 Data
Revenue
$1.56B+9.99%
4-Quarter Trend
EPS
$0.12+9.09%
4-Quarter Trend
FCF
$134.23M-35.17%
4-Quarter Trend
2025 Q3 Earnings Highlights
Key Highlights
Q3 Net Income Rises Net income attributable to Darling for Q3 reached $19.36M, showing strong growth compared to $16.95M reported in Q3 2024.
Feed Ingredients Operating Surge Feed Ingredients segment operating income soared to $90.41M in Q3 2025, driven by increased fat prices and no contingent consideration expense booked.
Total Sales Modest Growth Nine-month total net sales increased to $4.43B in 2025, up from $4.30B in 2024, reflecting overall revenue expansion across segments.
Working Capital Position Strengthened Working capital improved to $492.7M as of September 27, 2025, up from $395.9M at year-end 2024, indicating better liquidity management.
Risk Factors
Nine-Month Net Income Plummets Nine-month net income attributable to Darling dropped sharply to $5.86M versus $176.97M in the prior year period, signaling profitability pressure.
Fuel Segment Operating Loss Widens Fuel Ingredients segment operating loss widened to $(30.5)M in Q3 2025, impacted by regulatory changes reducing renewable fuel incentives.
Contingent Consideration Liability Contingent consideration liability increased significantly, with payments of $52.7M made during the period, subject to final seller approval.
High Leverage Remains Concern Total debt outstanding remains high at $4.03B (fair value), relying heavily on subsidiary cash flows for scheduled principal and interest payments.
Outlook
Capital Spending Planned Company expects to incur approximately $125M in additional capital expenditures for the remainder of fiscal 2025, funded by operations.
Share Repurchase Capacity High Approximately $460.3M remains authorized under the share repurchase program, extending through August 2026, subject to market conditions.
DGD Integration Critical DGD Joint Venture remains integral, with Darling investing substantially to enhance feedstock supply chain efficiency for renewable fuels production.
Monitoring Regulatory Evolution Management continues to evaluate evolving global regulatory environments, including tariffs and climate change policies, impacting future operations.
Peer Comparison
Revenue (TTM)
GIS$18.78B
PPC$18.35B
K$12.67B
Gross Margin (Latest Quarter)
37.3%
GIS34.8%
K33.3%
Key Metrics
Symbol | Market Cap | P/E (TTM) | ROE (TTM) | Debt to Assets |
|---|---|---|---|---|
| K | $29.03B | 22.7 | 31.9% | 39.6% |
| GIS | $23.68B | 9.3 | 27.2% | 42.2% |
| HRL | $12.57B | 26.3 | 5.4% | 21.3% |
Long-Term Trends
Last 4 Quarters
Revenue
Net Income
Operating Cash Flow
4Q Revenue CAGR
3.3%
Moderate Growth
4Q Net Income CAGR
-42.5%
Declining Profitability
Cash Flow Stability
100%
Strong Cash Flow
Research & Insights
Next earnings:Feb 5, 2026
EPS:$0.39
|Revenue:-
Reports
All Years
Form 10-Q - Q3 2025
Period End: Sep 27, 2025|Filed: Nov 5, 2025|Revenue: $1.56B+10.0%|EPS: $0.12+9.1%N/AForm 10-Q - Q2 2025
Period End: Jun 28, 2025|Filed: Aug 6, 2025|Revenue: $1.48B+1.8%|EPS: $0.08-84.2%MissForm 10-Q - Q1 2025
Period End: Mar 29, 2025|Filed: May 7, 2025|Revenue: $1.38B-2.8%|EPS: $-0.16-131.4%MissForm 10-K - FY 2024
Period End: Dec 28, 2024|Filed: Feb 25, 2025|Revenue: $5.72B-15.8%|EPS: $1.75-56.8%BeatForm 10-Q - Q3 2024
Period End: Sep 28, 2024|Filed: Nov 6, 2024|Revenue: $1.42B-12.5%|EPS: $0.11-85.9%MissForm 10-Q - Q2 2024
Period End: Jun 29, 2024|Filed: Aug 7, 2024|Revenue: $1.46B-17.2%|EPS: $0.49-69.0%BeatForm 10-Q - Q1 2024
Period End: Mar 30, 2024|Filed: May 7, 2024|Revenue: $1.42B-20.7%|EPS: $0.51-56.0%MissForm 10-K - FY 2023
Period End: Dec 30, 2023|Filed: Feb 28, 2024|Revenue: $6.79B+3.9%|EPS: $4.05-11.6%Beat