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Side-by-side financial comparison of APTARGROUP, INC. (ATR) and DARLING INGREDIENTS INC. (DAR). Click either name above to swap in a different company.
DARLING INGREDIENTS INC. is the larger business by last-quarter revenue ($1.6B vs $962.7M, roughly 1.6× APTARGROUP, INC.). APTARGROUP, INC. runs the higher net margin — 7.7% vs 1.2%, a 6.5% gap on every dollar of revenue. On growth, APTARGROUP, INC. posted the faster year-over-year revenue change (13.5% vs 10.0%). Over the past eight quarters, APTARGROUP, INC.'s revenue compounded faster (2.6% CAGR vs -1.6%).
AptarGroup, Inc., also known as Aptar, is a United States–based global manufacturer of consumer dispensing packaging and drug delivery devices. The group has manufacturing operations in 18 countries.
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.
ATR vs DAR — Head-to-Head
Income Statement — Q4 FY2025 vs Q3 FY2025
| Metric | | |
|---|---|---|
| Revenue | $962.7M | $1.6B |
| Net Profit | $74.3M | $19.4M |
| Gross Margin | — | 24.7% |
| Operating Margin | 11.0% | 4.6% |
| Net Margin | 7.7% | 1.2% |
| Revenue YoY | 13.5% | 10.0% |
| Net Profit YoY | -26.4% | 14.2% |
| EPS (diluted) | $1.13 | $0.12 |
Green = leading value per metric. Periods may differ when fiscal calendars don't align.
8-Quarter Revenue & Profit Trend
Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.
| Q4 25 | $962.7M | — | ||
| Q3 25 | $961.1M | $1.6B | ||
| Q2 25 | $966.0M | $1.5B | ||
| Q1 25 | $887.3M | $1.4B | ||
| Q4 24 | $848.1M | $1.4B | ||
| Q3 24 | $909.3M | $1.4B | ||
| Q2 24 | $910.1M | $1.5B | ||
| Q1 24 | $915.4M | $1.4B |
| Q4 25 | $74.3M | — | ||
| Q3 25 | $127.9M | $19.4M | ||
| Q2 25 | $111.7M | $12.7M | ||
| Q1 25 | $78.8M | $-26.2M | ||
| Q4 24 | $100.9M | $101.9M | ||
| Q3 24 | $100.0M | $16.9M | ||
| Q2 24 | $90.5M | $78.9M | ||
| Q1 24 | $83.1M | $81.2M |
| Q4 25 | — | — | ||
| Q3 25 | — | 24.7% | ||
| Q2 25 | — | 23.3% | ||
| Q1 25 | — | 22.6% | ||
| Q4 24 | — | 23.5% | ||
| Q3 24 | — | 22.1% | ||
| Q2 24 | — | 22.5% | ||
| Q1 24 | — | 21.4% |
| Q4 25 | 11.0% | — | ||
| Q3 25 | 14.2% | 4.6% | ||
| Q2 25 | 14.9% | 5.1% | ||
| Q1 25 | 12.8% | 2.1% | ||
| Q4 24 | 14.2% | 8.6% | ||
| Q3 24 | 15.2% | 4.2% | ||
| Q2 24 | 13.8% | 10.2% | ||
| Q1 24 | 12.2% | 9.7% |
| Q4 25 | 7.7% | — | ||
| Q3 25 | 13.3% | 1.2% | ||
| Q2 25 | 11.6% | 0.9% | ||
| Q1 25 | 8.9% | -1.9% | ||
| Q4 24 | 11.9% | 7.2% | ||
| Q3 24 | 11.0% | 1.2% | ||
| Q2 24 | 9.9% | 5.4% | ||
| Q1 24 | 9.1% | 5.7% |
| Q4 25 | $1.13 | — | ||
| Q3 25 | $1.92 | $0.12 | ||
| Q2 25 | $1.67 | $0.08 | ||
| Q1 25 | $1.17 | $-0.16 | ||
| Q4 24 | $1.48 | $0.63 | ||
| Q3 24 | $1.48 | $0.11 | ||
| Q2 24 | $1.34 | $0.49 | ||
| Q1 24 | $1.23 | $0.50 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $409.5M | $91.5M |
| Total DebtLower is stronger | $1.1B | $4.0B |
| Stockholders' EquityBook value | $2.7B | $4.7B |
| Total Assets | $5.3B | $10.5B |
| Debt / EquityLower = less leverage | 0.43× | 0.86× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $409.5M | — | ||
| Q3 25 | $264.8M | $91.5M | ||
| Q2 25 | $169.8M | $94.6M | ||
| Q1 25 | $136.8M | $81.5M | ||
| Q4 24 | $226.2M | $76.0M | ||
| Q3 24 | $327.9M | $114.8M | ||
| Q2 24 | $223.9M | $121.6M | ||
| Q1 24 | $201.1M | $145.5M |
| Q4 25 | $1.1B | — | ||
| Q3 25 | $546.0M | $4.0B | ||
| Q2 25 | $535.1M | $3.9B | ||
| Q1 25 | $561.2M | $3.8B | ||
| Q4 24 | $688.1M | $3.9B | ||
| Q3 24 | $822.7M | $4.1B | ||
| Q2 24 | $681.5M | $4.3B | ||
| Q1 24 | $680.4M | $4.4B |
| Q4 25 | $2.7B | — | ||
| Q3 25 | $2.8B | $4.7B | ||
| Q2 25 | $2.7B | $4.6B | ||
| Q1 25 | $2.5B | $4.4B | ||
| Q4 24 | $2.5B | $4.4B | ||
| Q3 24 | $2.5B | $4.6B | ||
| Q2 24 | $2.4B | $4.5B | ||
| Q1 24 | $2.3B | $4.6B |
| Q4 25 | $5.3B | — | ||
| Q3 25 | $5.1B | $10.5B | ||
| Q2 25 | $4.9B | $10.3B | ||
| Q1 25 | $4.5B | $10.0B | ||
| Q4 24 | $4.4B | $10.1B | ||
| Q3 24 | $4.6B | $10.6B | ||
| Q2 24 | $4.5B | $10.6B | ||
| Q1 24 | $4.4B | $10.9B |
| Q4 25 | 0.43× | — | ||
| Q3 25 | 0.20× | 0.86× | ||
| Q2 25 | 0.20× | 0.85× | ||
| Q1 25 | 0.22× | 0.86× | ||
| Q4 24 | 0.28× | 0.89× | ||
| Q3 24 | 0.32× | 0.91× | ||
| Q2 24 | 0.28× | 0.97× | ||
| Q1 24 | 0.29× | 0.95× |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | $183.7M | $224.3M |
| Free Cash FlowOCF − Capex | $96.9M | — |
| FCF MarginFCF / Revenue | 10.1% | — |
| Capex IntensityCapex / Revenue | 9.0% | — |
| Cash ConversionOCF / Net Profit | 2.47× | 11.59× |
| TTM Free Cash FlowTrailing 4 quarters | $299.6M | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $183.7M | — | ||
| Q3 25 | $177.6M | $224.3M | ||
| Q2 25 | $126.0M | $145.8M | ||
| Q1 25 | $82.7M | $249.0M | ||
| Q4 24 | $178.2M | $154.4M | ||
| Q3 24 | $229.3M | $274.5M | ||
| Q2 24 | $143.6M | $146.5M | ||
| Q1 24 | $92.3M | $263.9M |
| Q4 25 | $96.9M | — | ||
| Q3 25 | $114.3M | — | ||
| Q2 25 | $62.5M | — | ||
| Q1 25 | $25.9M | — | ||
| Q4 24 | $112.2M | — | ||
| Q3 24 | $162.7M | — | ||
| Q2 24 | $75.4M | — | ||
| Q1 24 | $16.7M | — |
| Q4 25 | 10.1% | — | ||
| Q3 25 | 11.9% | — | ||
| Q2 25 | 6.5% | — | ||
| Q1 25 | 2.9% | — | ||
| Q4 24 | 13.2% | — | ||
| Q3 24 | 17.9% | — | ||
| Q2 24 | 8.3% | — | ||
| Q1 24 | 1.8% | — |
| Q4 25 | 9.0% | — | ||
| Q3 25 | 6.6% | — | ||
| Q2 25 | 6.6% | — | ||
| Q1 25 | 6.4% | — | ||
| Q4 24 | 7.8% | — | ||
| Q3 24 | 7.3% | — | ||
| Q2 24 | 7.5% | — | ||
| Q1 24 | 8.3% | — |
| Q4 25 | 2.47× | — | ||
| Q3 25 | 1.39× | 11.59× | ||
| Q2 25 | 1.13× | 11.52× | ||
| Q1 25 | 1.05× | — | ||
| Q4 24 | 1.77× | 1.52× | ||
| Q3 24 | 2.29× | 16.19× | ||
| Q2 24 | 1.59× | 1.86× | ||
| Q1 24 | 1.11× | 3.25× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
ATR
| Pharma Segment | $833.1M | 87% |
| Other | $129.6M | 13% |
DAR
| Fats | $428.4M | 27% |
| Food Ingredients | $380.6M | 24% |
| Diamond Green Diesel Holdings Llc Joint Venture | $342.1M | 22% |
| Fuel Ingredients | $154.3M | 10% |
| Used Cooking Oil | $125.9M | 8% |
| Other Rendering | $76.9M | 5% |
| Bakery | $46.9M | 3% |
| Other Products And Services | $12.2M | 1% |
