Darling Ingredients Inc. (DAR) Financial Statements
Industry: Fats & Oils
In fiscal 2025, Darling Ingredients reported revenue of $6.14B, up 7.4% from $5.72B the year before. Net income was $62.8M (a 1.0% net margin), or $0.39 per diluted share. Gross margin was 24.0% and operating margin was 4.5%. Operating activities generated $1.06B of cash, leaving $679.2M of free cash flow. At fiscal year end, Darling Ingredients held $10.30B in total assets against $5.49B in total liabilities, including $88.7M of cash and equivalents.
Open the full interactive Darling Ingredients financials → Quarterly statements, key ratios, valuation history and price charts.
Darling Ingredients Key Stats
| Share Price | $63.10 |
|---|---|
| Market Cap | $10.14B |
| P/E Ratio | 161.8 |
| Revenue YoY Growth | +7.4% |
| 52-Week Range | $29.91 – $68.34 |
| Shares Outstanding | 158.5 million (basic, 2026 Q2) |
Darling Ingredients Income Statement
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Revenue | $3.57B | $4.74B | $6.53B | $6.79B | $5.72B | $6.14B |
| Cost of Goods Sold | $2.69B | $3.50B | $5.00B | $5.14B | $4.44B | $4.66B |
| Gross Profit | $883.1M | $1.24B | $1.53B | $1.65B | $1.28B | $1.47B |
| Operating Income | $430.9M | $884.5M | $1.03B | $949.7M | $468.2M | $273.4M |
| Pre-Tax Income | $353.6M | $821.4M | $893.7M | $720.0M | $247.5M | $61.0M |
| Income Tax | $53.3M | $164.1M | $146.6M | $59.6M | -$38.3M | -$9.4M |
| Net Income | $296.8M | $650.9M | $737.7M | $647.7M | $278.9M | $62.8M |
| Diluted EPS | $1.78 | $3.90 | $4.49 | $3.99 | $1.73 | $0.39 |
Darling Ingredients Quarterly Results
| 2025 Q3 | 2025 Q4 | 2026 Q1 | 2026 Q2 | |
|---|---|---|---|---|
| Revenue | $1.56B | $1.71B | $1.55B | $1.72B |
| Net Income | $19.4M | $56.9M | $134.3M | $387.3M |
| Diluted EPS | $0.12 | $0.36 | $0.83 | $2.41 |
Darling Ingredients Balance Sheet
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | $81.6M | $68.9M | $127.0M | $126.5M | $76.0M | $88.7M |
| Current Assets | $987.0M | $1.09B | $1.64B | $1.86B | $1.44B | $1.55B |
| Total Assets | $5.61B | $6.13B | $9.20B | $11.06B | $10.07B | $10.30B |
| Current Liabilities | $675.3M | $752.7M | $1.07B | $998.1M | $1.04B | $1.03B |
| Total Long-Term Debt | $1.51B | $1.46B | $3.38B | $4.43B | $4.04B | $3.94B |
| Total Liabilities | $2.66B | $2.79B | $5.31B | $6.37B | $5.61B | $5.49B |
| Shareholders' Equity | $2.89B | $3.28B | $3.81B | $4.61B | $4.38B | $4.74B |
Darling Ingredients Cash Flow Statement
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Cash From Operations | $624.7M | $704.4M | $813.7M | $899.3M | $839.3M | $1.06B |
| Cash From Investing | -$310.6M | -$490.3M | -$2.42B | -$1.68B | -$498.9M | -$681.4M |
| Cash From Financing | -$307.0M | -$221.4M | $1.68B | $876.3M | -$399.6M | -$376.7M |
| Free Cash Flow | $344.5M | $430.3M | $422.4M | $343.8M | $506.8M | $679.2M |
Figures from Darling Ingredients' 10-K and 10-Q filings with the SEC, as of 2026-10-14. Fiscal years follow the company's own reporting calendar. EPS and share counts are adjusted for later stock splits. See the full Darling Ingredients financials page for every line item.
Darling Ingredients Company Profile
| Ticker | DAR |
|---|---|
| Exchange | NYSE |
| Industry | Fats & Oils |
| Headquarters | Irving, Texas |
| Incorporated in | Delaware |
| Fiscal Year End | January 2 |
| SEC Filer Category | Large accelerated filer |
| SEC CIK | 0000916540 |
Frequently Asked Questions
What was Darling Ingredients' revenue in fiscal 2025?
Darling Ingredients (DAR) reported revenue of $6.14B for fiscal 2025.
What is Darling Ingredients' annual revenue history?
Darling Ingredients' annual revenue by fiscal year: 2020: $3.57B; 2021: $4.74B; 2022: $6.53B; 2023: $6.79B; 2024: $5.72B; 2025: $6.14B.
What was Darling Ingredients' net income in fiscal 2025?
Darling Ingredients reported net income of $62.8M for fiscal 2025.
What was Darling Ingredients' earnings per share (EPS) in fiscal 2025?
Darling Ingredients' diluted EPS was $0.39 for fiscal 2025 (adjusted for any later stock splits).
How much free cash flow did Darling Ingredients generate in fiscal 2025?
Darling Ingredients generated $679.2M of free cash flow in fiscal 2025.
What was Darling Ingredients' revenue last quarter?
In its most recent reported quarter (2026 Q2), Darling Ingredients reported revenue of $1.72B.
How much debt does Darling Ingredients have?
Darling Ingredients reported $3.94B of long-term debt, including the current portion, at the end of fiscal 2025.
How many shares of Darling Ingredients are outstanding?
Darling Ingredients reported a weighted average of 158.5 million basic shares outstanding in 2026 Q2.
What is Darling Ingredients' market cap?
Based on its latest closing price, Darling Ingredients (DAR) has a market capitalization of about $10.14B.
When does Darling Ingredients' fiscal year end?
Darling Ingredients' fiscal year end, as registered with the SEC, is January 2.
Where is Darling Ingredients headquartered?
Darling Ingredients lists its business address in Irving, Texas in its SEC filings.