vs
Side-by-side financial comparison of BRUNSWICK CORP (BC) 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 $1.4B, roughly 1.1× BRUNSWICK CORP). BRUNSWICK CORP runs the higher net margin — 1.5% vs 1.2%, a 0.3% gap on every dollar of revenue. On growth, BRUNSWICK CORP posted the faster year-over-year revenue change (17.3% vs 10.0%). Over the past eight quarters, DARLING INGREDIENTS INC.'s revenue compounded faster (-1.6% CAGR vs -2.3%).
Brunswick Corporation, formerly known as the Brunswick-Balke-Collender Company, is an American corporation that has been developing, manufacturing and marketing a wide variety of products since 1845. Brunswick has more than 13,000 employees in 24 countries. Brunswick owns a number of brands, including Mercury Marine. In 2024, Brunswick reported sales of US$5.2 billion. Brunswick's global headquarters is in the northern Chicago suburb of Mettawa, Illinois.
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.
BC vs DAR — Head-to-Head
Income Statement — Q1 FY2026 vs Q3 FY2025
| Metric | | |
|---|---|---|
| Revenue | $1.4B | $1.6B |
| Net Profit | $21.0M | $19.4M |
| Gross Margin | 24.9% | 24.7% |
| Operating Margin | 3.6% | 4.6% |
| Net Margin | 1.5% | 1.2% |
| Revenue YoY | 17.3% | 10.0% |
| Net Profit YoY | — | 14.2% |
| EPS (diluted) | $0.32 | $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.
| Q1 26 | $1.4B | — | ||
| Q4 25 | $1.3B | — | ||
| Q3 25 | $1.4B | $1.6B | ||
| Q2 25 | $1.4B | $1.5B | ||
| Q1 25 | $1.2B | $1.4B | ||
| Q4 24 | $1.2B | $1.4B | ||
| Q3 24 | $1.3B | $1.4B | ||
| Q2 24 | $1.4B | $1.5B |
| Q1 26 | $21.0M | — | ||
| Q4 25 | $18.7M | — | ||
| Q3 25 | $-235.5M | $19.4M | ||
| Q2 25 | $59.3M | $12.7M | ||
| Q1 25 | $20.2M | $-26.2M | ||
| Q4 24 | $-82.5M | $101.9M | ||
| Q3 24 | $44.6M | $16.9M | ||
| Q2 24 | $100.0M | $78.9M |
| Q1 26 | 24.9% | — | ||
| Q4 25 | 23.1% | — | ||
| Q3 25 | 25.8% | 24.7% | ||
| Q2 25 | 25.5% | 23.3% | ||
| Q1 25 | 24.9% | 22.6% | ||
| Q4 24 | 21.9% | 23.5% | ||
| Q3 24 | 26.2% | 22.1% | ||
| Q2 24 | 27.1% | 22.5% |
| Q1 26 | 3.6% | — | ||
| Q4 25 | 3.1% | — | ||
| Q3 25 | -17.8% | 4.6% | ||
| Q2 25 | 7.1% | 5.1% | ||
| Q1 25 | 4.6% | 2.1% | ||
| Q4 24 | -4.8% | 8.6% | ||
| Q3 24 | 7.7% | 4.2% | ||
| Q2 24 | 11.0% | 10.2% |
| Q1 26 | 1.5% | — | ||
| Q4 25 | 1.4% | — | ||
| Q3 25 | -17.3% | 1.2% | ||
| Q2 25 | 4.1% | 0.9% | ||
| Q1 25 | 1.7% | -1.9% | ||
| Q4 24 | -7.1% | 7.2% | ||
| Q3 24 | 3.5% | 1.2% | ||
| Q2 24 | 6.9% | 5.4% |
| Q1 26 | $0.32 | — | ||
| Q4 25 | $0.32 | — | ||
| Q3 25 | $-3.59 | $0.12 | ||
| Q2 25 | $0.89 | $0.08 | ||
| Q1 25 | $0.30 | $-0.16 | ||
| Q4 24 | $-1.21 | $0.63 | ||
| Q3 24 | $0.67 | $0.11 | ||
| Q2 24 | $1.48 | $0.49 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $277.8M | $91.5M |
| Total DebtLower is stronger | $490.2M | $4.0B |
| Stockholders' EquityBook value | $1.6B | $4.7B |
| Total Assets | $5.5B | $10.5B |
| Debt / EquityLower = less leverage | 0.31× | 0.86× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $277.8M | — | ||
| Q4 25 | $256.8M | — | ||
| Q3 25 | $297.7M | $91.5M | ||
| Q2 25 | $315.7M | $94.6M | ||
| Q1 25 | $286.7M | $81.5M | ||
| Q4 24 | $269.0M | $76.0M | ||
| Q3 24 | $284.1M | $114.8M | ||
| Q2 24 | $494.5M | $121.6M |
| Q1 26 | $490.2M | — | ||
| Q4 25 | $2.1B | — | ||
| Q3 25 | — | $4.0B | ||
| Q2 25 | — | $3.9B | ||
| Q1 25 | — | $3.8B | ||
| Q4 24 | $2.4B | $3.9B | ||
| Q3 24 | — | $4.1B | ||
| Q2 24 | — | $4.3B |
| Q1 26 | $1.6B | — | ||
| Q4 25 | $1.6B | — | ||
| Q3 25 | $1.6B | $4.7B | ||
| Q2 25 | $1.9B | $4.6B | ||
| Q1 25 | $1.9B | $4.4B | ||
| Q4 24 | $1.9B | $4.4B | ||
| Q3 24 | $2.0B | $4.6B | ||
| Q2 24 | $2.0B | $4.5B |
| Q1 26 | $5.5B | — | ||
| Q4 25 | $5.3B | — | ||
| Q3 25 | $5.4B | $10.5B | ||
| Q2 25 | $5.8B | $10.3B | ||
| Q1 25 | $5.9B | $10.0B | ||
| Q4 24 | $5.7B | $10.1B | ||
| Q3 24 | $6.0B | $10.6B | ||
| Q2 24 | $6.4B | $10.6B |
| Q1 26 | 0.31× | — | ||
| Q4 25 | 1.30× | — | ||
| Q3 25 | — | 0.86× | ||
| Q2 25 | — | 0.85× | ||
| Q1 25 | — | 0.86× | ||
| Q4 24 | 1.25× | 0.89× | ||
| Q3 24 | — | 0.91× | ||
| Q2 24 | — | 0.97× |
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 | — | $224.3M |
| Free Cash FlowOCF − Capex | $-116.8M | — |
| FCF MarginFCF / Revenue | -8.5% | — |
| Capex IntensityCapex / Revenue | 4.2% | — |
| Cash ConversionOCF / Net Profit | — | 11.59× |
| TTM Free Cash FlowTrailing 4 quarters | $344.6M | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $132.9M | — | ||
| Q3 25 | $140.4M | $224.3M | ||
| Q2 25 | $316.2M | $145.8M | ||
| Q1 25 | $-27.4M | $249.0M | ||
| Q4 24 | $306.4M | $154.4M | ||
| Q3 24 | $67.4M | $274.5M | ||
| Q2 24 | $211.0M | $146.5M |
| Q1 26 | $-116.8M | — | ||
| Q4 25 | $83.6M | — | ||
| Q3 25 | $106.5M | — | ||
| Q2 25 | $271.3M | — | ||
| Q1 25 | $-65.1M | — | ||
| Q4 24 | $276.1M | — | ||
| Q3 24 | $31.4M | — | ||
| Q2 24 | $163.9M | — |
| Q1 26 | -8.5% | — | ||
| Q4 25 | 6.3% | — | ||
| Q3 25 | 7.8% | — | ||
| Q2 25 | 18.7% | — | ||
| Q1 25 | -5.3% | — | ||
| Q4 24 | 23.9% | — | ||
| Q3 24 | 2.5% | — | ||
| Q2 24 | 11.4% | — |
| Q1 26 | 4.2% | — | ||
| Q4 25 | 3.7% | — | ||
| Q3 25 | 2.5% | — | ||
| Q2 25 | 3.1% | — | ||
| Q1 25 | 3.1% | — | ||
| Q4 24 | 2.6% | — | ||
| Q3 24 | 2.8% | — | ||
| Q2 24 | 3.3% | — |
| Q1 26 | — | — | ||
| Q4 25 | 7.11× | — | ||
| Q3 25 | — | 11.59× | ||
| Q2 25 | 5.33× | 11.52× | ||
| Q1 25 | -1.36× | — | ||
| Q4 24 | — | 1.52× | ||
| Q3 24 | 1.51× | 16.19× | ||
| Q2 24 | 2.11× | 1.86× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
BC
Segment breakdown not available.
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% |
