DARLING INGREDIENTS INC.DAREarnings & Financial Report
Darling Ingredients Inc. is a global sustainable natural ingredients maker that converts edible and inedible organic byproducts into high-value products: food-grade nutritional ingredients, animal feed additives, pharmaceutical raw materials and biofuel components, serving food, agriculture, pharma and renewable energy markets across North America, Europe and Asia-Pacific.
DAR Q3 FY2025 Key Financial Metrics
Revenue
$1.6B
Gross Profit
$387.0M
Operating Profit
$71.7M
Net Profit
$19.4M
Gross Margin
24.7%
Operating Margin
4.6%
Net Margin
1.2%
YoY Growth
10.0%
EPS
$0.12
DARLING INGREDIENTS INC. Q3 FY2025 Financial Summary
DARLING INGREDIENTS INC. reported revenue of $1.6B (up 10.0% YoY) for Q3 FY2025, with a net profit of $19.4M (up 14.2% YoY) (1.2% margin). Cost of goods sold was $1.2B, operating expenses totaled $315.3M.
Key Financial Metrics
| Total Revenue | $1.6B |
|---|---|
| Net Profit | $19.4M |
| Gross Margin | 24.7% |
| Operating Margin | 4.6% |
| Report Period | Q3 FY2025 |
Revenue Breakdown
DARLING INGREDIENTS INC. Q3 FY2025 revenue of $1.6B breaks down across 8 segments, led by Fats at $428.4M (27.4% of total).
| Segment | Revenue | % of Total |
|---|---|---|
| Fats | $428.4M | 27.4% |
| Food Ingredients | $380.6M | 24.3% |
| Diamond Green Diesel Holdings Llc Joint Venture | $342.1M | 21.9% |
| Fuel Ingredients | $154.3M | 9.9% |
| Used Cooking Oil | $125.9M | 8.1% |
| Other Rendering | $76.9M | 4.9% |
| Bakery | $46.9M | 3.0% |
| Other Products And Services | $12.2M | 0.8% |
DARLING INGREDIENTS INC. Revenue by Segment — Quarterly Trend
DARLING INGREDIENTS INC. revenue by segment across the last 4 reported quarters, showing how each business line (such as Fats and Food Ingredients) has evolved quarter over quarter.
| Segment | Q3 FY2025 | Q2 FY2025 | Q1 FY2025 | Q4 FY2024 |
|---|---|---|---|---|
| Fats | $428.4M | $390.0M | — | $331.0M |
| Food Ingredients | $380.6M | $386.1M | — | $361.7M |
| Diamond Green Diesel Holdings Llc Joint Venture | $342.1M | — | $348.4M | — |
| Fuel Ingredients | $154.3M | $158.8M | — | $131.8M |
| Used Cooking Oil | $125.9M | $85.3M | $155.4M | $97.7M |
DARLING INGREDIENTS INC. Annual Revenue by Year
DARLING INGREDIENTS INC. annual revenue history includes year-by-year totals (for example, 2024 revenue was $5.7B).
DARLING INGREDIENTS INC. Quarterly Revenue & Net Profit History
DARLING INGREDIENTS INC. results over the last 8 reported quarters, including revenue, net profit and year-over-year growth.
| Quarter | Revenue | Revenue YoY | Net Profit | Net Margin |
|---|---|---|---|---|
| Q3 FY2025 | $1.6B | +10.0% | $19.4M | 1.2% |
| Q2 FY2025 | $1.5B | +1.8% | $12.7M | 0.9% |
| Q1 FY2025 | $1.4B | -2.8% | $-26.2M | -1.9% |
| Q4 FY2024 | $1.4B | -12.2% | $101.9M | 7.2% |
| Q3 FY2024 | $1.4B | -12.5% | $16.9M | 1.2% |
| Q2 FY2024 | $1.5B | -17.2% | $78.9M | 5.4% |
| Q1 FY2024 | $1.4B | -20.7% | $81.2M | 5.7% |
| Q4 FY2023 | $1.6B | -8.7% | $84.5M | 5.2% |
Income Statement
| Q4 2023 | Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $1.61B | $1.42B | $1.46B | $1.42B | $1.42B | $1.38B | $1.48B | $1.56B |
| YoY Growth | -8.7% | -20.7% | -17.2% | -12.5% | -12.2% | -2.8% | 1.8% | 10.0% |
Balance Sheet
| Q4 2023 | Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | |
|---|---|---|---|---|---|---|---|---|
| Assets | $11.06B | $10.94B | $10.62B | $10.57B | $10.07B | $10.03B | $10.27B | $10.45B |
| Liabilities | $6.37B | $6.26B | $6.08B | $5.94B | $5.61B | $5.50B | $5.58B | $5.68B |
| Equity | $4.61B | $4.59B | $4.46B | $4.55B | $4.38B | $4.45B | $4.61B | $4.69B |
Cash Flow
| Q4 2023 | Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | |
|---|---|---|---|---|---|---|---|---|
| Operating CF | $217.0M | $263.9M | $146.5M | $274.5M | $154.4M | $249.0M | $145.8M | $224.3M |