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NYSE · Consumer Staples

DARLING INGREDIENTS INC. (DAR)

As-reported financials and SEC filings for DARLING INGREDIENTS INC. The latest annual period is FY2025. The latest reported quarter is Q2 FY2026. Financial statements come straight from the company’s EDGAR filings; valuation figures such as P/E and market cap use market data.

About DARLING INGREDIENTS INC.

Darling Ingredients Inc. produces sustainable natural ingredients from edible and inedible bio-nutrients, serving industries such as pharmaceutical, food, pet food, animal feed, industrial, fuel, bioenergy, and fertilizer. The company collects and processes animal by-products, used cooking oils, and residual bakery products into ingredients like collagen, fats, proteins, plasma, organic fertilizers, and renewable fuels. It operates globally with facilities across North America, Europe, Asia, Australia, and South America, supplying products to manufacturers and providing environmental services like grease trap collection.

Snapshot

Revenue
$6.14B
Revenue growth (YoY)
7.4%
Net income
$62.8M
Diluted EPS
$0.39
Gross margin
24.0%
Operating margin
4.5%
Net margin
1.0%
FCF margin
11.1%
ROE
1.3%
net income / fiscal-year-end equity
P/E
17.3×
trailing when available, otherwise FY EPS
Market cap
$10.46B
Long-term debt / equity
0.80×
non-current term debt only

Fundamentals are from SEC filings for FY2025, the latest annual period (ended January 3, 2026). P/E and market cap are derived from stored market prices, last retrieved on a rolling basis and typically within the past week.

What changed at Darling Ingredients

  • Revenue grew 7.4% to $6.1B in FY2025, after a 15.8% decline the year before.
  • Operating margin is 4.5% in FY2025, -14.2 pp against 18.7% in FY2020.
  • Most recent quarter Q2 FY2026: revenue $1.7B, up 16.4% from Q2 FY2025.
  • Free cash flow was $679M in FY2025, 11.1% of revenue.
  • Net income fell 77.5% to $63M in FY2025.

Computed from the as-reported figures in the statements below. A change we cannot state from filed figures is left out rather than estimated.

Peer comparison

Where Darling Ingredients’s fundamentals sit among the 113 Consumer Staples companies. Each figure is ranked only against peers that report it, from lowest (left) to highest (right).

Gross margin24.0%
30th percentile of 97
Operating margin4.5%
49th percentile of 100
Net margin1.0%
38th percentile of 105
FCF margin11.1%
83rd percentile of 99
Revenue growth (YoY)+7.4%
70th percentile of 110
ROE1.3%
36th percentile of 99
P/E17.3×
38th percentile of 73
Long-term debt / equity0.80×
63rd percentile of 74
Short interest2.88d
35th percentile of 111

2 reported insider purchases (code P) totaling $60,970 in the last 90 days, against 7 sales totaling $1.8M. For context, about 15% of companies in the universe saw any reported insider purchase (code P) in the same window. Browse insider activity →

Percentiles describe where a figure sits among sector peers reporting it (100th = highest). They are position within a peer group, not a rating, and not investment advice. Short interest ranking uses days to cover from FINRA Consolidated Short Interest data; FINRA is the owner and source of that data, included at no additional charge.

Institutional ownership

Held by 3 of the superinvestors we track (plus 6 quant / multi-strat books), based on each investor’s most recent 13F; periods vary by investor (newest: Q2 2026).

Conviction investors
3
+6 quant / multi-strat
Initiated / added
7
0 new, 7 added
Reduced / exited
2
2 trimmed, 0 exited
Combined position
$649.3M
reported long value
InvestorAs ofPosition valueSharesChange
Citadel AdvisorsquantQ2 2026$220.5M4.0MAdded
AQR Capital ManagementquantQ2 2026$211.7M4.0MAdded
Yacktman Asset ManagementQ2 2026$77.4M1.4MAdded
Point72 Asset ManagementquantQ2 2026$62.5M1.1MAdded
Two Sigma InvestmentsquantQ2 2026$35.2M645.3KReduced
Gotham Asset ManagementQ2 2026$13.7M250.3KAdded
Millennium ManagementquantQ2 2026$13.4M245.1KReduced
Bridgewater AssociatesQ2 2026$11.5M209.7KAdded
D. E. ShawquantQ2 2026$3.4M62.7KAdded

From quarterly Form 13F filings, which can be up to 45 days delayed. Long US-listed positions only: excludes short positions, options, cash, bonds, and non-US holdings, so this is not a manager’s complete portfolio. Counts are of the investors we track, not all institutions. Not investment advice.

Recent insider activity

Non-derivative buys and sells (codes P/S) reported by officers, directors and 10% owners on SEC Form 4.

Buys (90d)
2
1 insider
Bought (90d)
$61K
code P value
Sells (90d)
7
$1.8M
Reported activity
Net selling
by $ value, 90d
Trade dateInsiderTypeSharesPriceValue
2026-08-18
MANZI JOSEPHChief Accounting OfficerSell1.0K$67.27$67K
2026-08-17
filed 2026-08-18
Dudley SandraEVP Chief Strategy OfficerSell3.9K$67.87$263K
2026-08-17
filed 2026-08-18
Dudley SandraEVP Chief Strategy OfficerSell2.6K$67.88$176K
2026-08-14
McNutt PatrickEVP Chief Admin OfficerSell8.0K$67.09$537K
2026-08-13
filed 2026-08-14
STUEWE RANDALL CChairman and CEOSell5.0K$64.79$324K
2026-08-12
filed 2026-08-14
STUEWE RANDALL CChairman and CEOSell5.0K$63.26$316K
2026-08-10
Kemphaus Nicholas JamesEVP Gen. Counsel & SecretarySell1.6K$63.05$100K
2026-07-31
filed 2026-08-03
Adair Charles LDirectorBuy500$61.27$31K
2026-07-31
filed 2026-08-03
Adair Charles LDirectorBuy500$60.67$30K
2026-05-01
MANZI JOSEPHChief Accounting OfficerSell3.0K$63.89$192K

Reported non-derivative purchases and sales (codes P/S) — which may be open-market or private; excludes option exercises, grants, and shares withheld for taxes. Dates shown are the trade date; a Form 4 can be filed days to years later. A sale can be routine (e.g. a pre-set 10b5-1 plan), so read individual transactions in context. From SEC Form 4. Not investment advice.

Short interest

Total shares sold short as of each twice-monthly FINRA settlement. Rising short interest means more investors are positioned against the stock; days to cover estimates how many trading days of average volume that position represents.

Shares short
6.2M
settled 2026-08-14
Change vs prior
-8.0%
vs previous settlement
Days to cover
2.88
at avg daily volume
Avg daily volume
2.1M
FINRA reported
SettlementShares shortChangeDays to cover
2026-08-146.2M-8.0%2.88
2026-07-316.7M-17.4%3.03
2026-07-158.1M-2.0%3.51
2026-06-308.3M+13.8%2.84
2026-06-157.3M-1.0%4.05
2026-05-297.4M+11.0%3.37
2026-05-156.6M+15.5%2.55
2026-04-305.8M-16.1%1.99

Source: FINRA Consolidated Short Interest. FINRA is the owner and source of the FINRA-supplied data, which is included at no additional charge for your own personal or professional use; republishing or redistributing it is not permitted. Settlement dates are shown; FINRA publishes each settlement about nine business days later, so the latest figure can be two to four weeks old. Not presented as a percentage of float. No FINRA endorsement of this product is implied. Not investment advice.

Income statement (as reported)

 FY2025FY2023FY2022FY2021FY2020
Revenue$6.14B$5.72B$6.79B$6.53B$4.74B
Gross profit$1.47B$1.28B$1.65B$1.53B$1.24B
Operating income$273.4M$468.2M$949.7M$1.03B$884.5M
Net income$62.8M$278.9M$647.7M$737.7M$650.9M
Diluted EPS$0.39$1.73$3.99$4.49$3.90

Figures as reported to the SEC. Underlined values link to the filing they came from; dotted values are calculated by us from reported figures; “adj” means restated for a stock split (hover to see the figure as filed). Full details: where the numbers come from.

Balance sheet (as reported)

Figures as reported to the SEC. Underlined values link to the filing they came from; dotted values are calculated by us from reported figures; “adj” means restated for a stock split (hover to see the figure as filed). Full details: where the numbers come from.

Cash flow (as reported)

 FY2025FY2023FY2022FY2021FY2020
Operating cash flow$1.06B$839.3M$899.3M$813.7M$704.4M
Capital expenditure$380.5M$332.5M$555.5M$391.3M$274.1M
Free cash flow$679.2M$506.8M$343.8M$422.4M$430.3M

Figures as reported to the SEC. Underlined values link to the filing they came from; dotted values are calculated by us from reported figures; “adj” means restated for a stock split (hover to see the figure as filed). Full details: where the numbers come from.

Quarterly trend (as reported)

QuarterRevenueRevenue YoYNet incomeDiluted EPS
Q2 FY2026$1.72B16.4%$387.3M$2.41
Q1 FY2026$1.55B12.3%$134.3M$0.83
Q4 FY2025$1.71B$56.9M$0.35
Q3 FY2025$1.56B$19.4M$0.12
Q2 FY2025$1.48B$12.7M$0.08
Q1 FY2025$1.38B$-26.2M$-0.16
Q4 FY2023$1.42B-12.2%$101.9M$0.63
Q3 FY2023$1.42B-12.5%$16.9M$0.11

Latest 8 reported quarters, from company XBRL filings on SEC EDGAR.

Company facts

ExchangeNYSE
SectorConsumer Staples
SIC industryFats & Oils
Latest annual periodFY2025 (ended January 3, 2026)
Latest reported quarterQ2 FY2026 (ended July 4, 2026)
Oldest indexed filing2014
SEC CIK916540

Selected SEC filings

10-K2026-03-03
View on EDGAR →
10-Q2026-08-07
View on EDGAR →
10-Q2026-05-08
View on EDGAR →
8-K2026-08-05
View on EDGAR →
8-K2026-07-30
View on EDGAR →
8-K2026-05-11
View on EDGAR →
8-K2026-05-08
View on EDGAR →

Largest Consumer Staples peers

All Consumer Staples companies →

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Data sourced from SEC EDGAR. Figures are as-reported and may be unaudited or restated; verify against the source filing before relying on them. Informational only. Not investment advice.