vs
Side-by-side financial comparison of Brookfield Renewable Corp (BEPC) 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 $952.0M, roughly 1.6× Brookfield Renewable Corp). DARLING INGREDIENTS INC. runs the higher net margin — 1.2% vs -152.0%, a 153.2% gap on every dollar of revenue. On growth, DARLING INGREDIENTS INC. posted the faster year-over-year revenue change (10.0% vs -3.7%).
Brookfield Renewable Partners L.P. is a publicly traded limited partnership that owns and operates renewable power assets, with corporate headquarters in Toronto, Ontario, Canada. It is 60% owned by Brookfield Asset Management.
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.
BEPC vs DAR — Head-to-Head
Income Statement — Q2 FY2025 vs Q3 FY2025
| Metric | | |
|---|---|---|
| Revenue | $952.0M | $1.6B |
| Net Profit | $-1.4B | $19.4M |
| Gross Margin | — | 24.7% |
| Operating Margin | — | 4.6% |
| Net Margin | -152.0% | 1.2% |
| Revenue YoY | -3.7% | 10.0% |
| Net Profit YoY | -326.8% | 14.2% |
| EPS (diluted) | — | $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.
| Q3 25 | — | $1.6B | ||
| Q2 25 | $952.0M | $1.5B | ||
| Q1 25 | — | $1.4B | ||
| Q4 24 | — | $1.4B | ||
| Q3 24 | — | $1.4B | ||
| Q2 24 | $989.0M | $1.5B | ||
| Q1 24 | — | $1.4B | ||
| Q4 23 | — | $1.6B |
| Q3 25 | — | $19.4M | ||
| Q2 25 | $-1.4B | $12.7M | ||
| Q1 25 | — | $-26.2M | ||
| Q4 24 | — | $101.9M | ||
| Q3 24 | — | $16.9M | ||
| Q2 24 | $-339.0M | $78.9M | ||
| Q1 24 | — | $81.2M | ||
| Q4 23 | — | $84.5M |
| 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 23 | — | 27.0% |
| Q3 25 | — | 4.6% | ||
| Q2 25 | — | 5.1% | ||
| Q1 25 | — | 2.1% | ||
| Q4 24 | — | 8.6% | ||
| Q3 24 | — | 4.2% | ||
| Q2 24 | — | 10.2% | ||
| Q1 24 | — | 9.7% | ||
| Q4 23 | — | 9.8% |
| Q3 25 | — | 1.2% | ||
| Q2 25 | -152.0% | 0.9% | ||
| Q1 25 | — | -1.9% | ||
| Q4 24 | — | 7.2% | ||
| Q3 24 | — | 1.2% | ||
| Q2 24 | -34.3% | 5.4% | ||
| Q1 24 | — | 5.7% | ||
| Q4 23 | — | 5.2% |
| Q3 25 | — | $0.12 | ||
| Q2 25 | — | $0.08 | ||
| Q1 25 | — | $-0.16 | ||
| Q4 24 | — | $0.63 | ||
| Q3 24 | — | $0.11 | ||
| Q2 24 | — | $0.49 | ||
| Q1 24 | — | $0.50 | ||
| Q4 23 | — | $0.53 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $556.0M | $91.5M |
| Total DebtLower is stronger | — | $4.0B |
| Stockholders' EquityBook value | $10.8B | $4.7B |
| Total Assets | $46.0B | $10.5B |
| Debt / EquityLower = less leverage | — | 0.86× |
8-quarter trend — quarters aligned by calendar period.
| Q3 25 | — | $91.5M | ||
| Q2 25 | $556.0M | $94.6M | ||
| Q1 25 | — | $81.5M | ||
| Q4 24 | — | $76.0M | ||
| Q3 24 | — | $114.8M | ||
| Q2 24 | $614.0M | $121.6M | ||
| Q1 24 | — | $145.5M | ||
| Q4 23 | — | $126.5M |
| Q3 25 | — | $4.0B | ||
| Q2 25 | — | $3.9B | ||
| Q1 25 | — | $3.8B | ||
| Q4 24 | — | $3.9B | ||
| Q3 24 | — | $4.1B | ||
| Q2 24 | — | $4.3B | ||
| Q1 24 | — | $4.4B | ||
| Q4 23 | — | $4.4B |
| Q3 25 | — | $4.7B | ||
| Q2 25 | $10.8B | $4.6B | ||
| Q1 25 | — | $4.4B | ||
| Q4 24 | — | $4.4B | ||
| Q3 24 | — | $4.6B | ||
| Q2 24 | $14.8B | $4.5B | ||
| Q1 24 | — | $4.6B | ||
| Q4 23 | — | $4.6B |
| Q3 25 | — | $10.5B | ||
| Q2 25 | $46.0B | $10.3B | ||
| Q1 25 | — | $10.0B | ||
| Q4 24 | — | $10.1B | ||
| Q3 24 | — | $10.6B | ||
| Q2 24 | $42.6B | $10.6B | ||
| Q1 24 | — | $10.9B | ||
| Q4 23 | — | $11.1B |
| Q3 25 | — | 0.86× | ||
| Q2 25 | — | 0.85× | ||
| Q1 25 | — | 0.86× | ||
| Q4 24 | — | 0.89× | ||
| Q3 24 | — | 0.91× | ||
| Q2 24 | — | 0.97× | ||
| Q1 24 | — | 0.95× | ||
| Q4 23 | — | 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 | $139.0M | $224.3M |
| Free Cash FlowOCF − Capex | — | — |
| FCF MarginFCF / Revenue | — | — |
| Capex IntensityCapex / Revenue | — | — |
| Cash ConversionOCF / Net Profit | — | 11.59× |
| TTM Free Cash FlowTrailing 4 quarters | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q3 25 | — | $224.3M | ||
| Q2 25 | $139.0M | $145.8M | ||
| Q1 25 | — | $249.0M | ||
| Q4 24 | — | $154.4M | ||
| Q3 24 | — | $274.5M | ||
| Q2 24 | $140.0M | $146.5M | ||
| Q1 24 | — | $263.9M | ||
| Q4 23 | — | $217.0M |
| Q3 25 | — | 11.59× | ||
| Q2 25 | — | 11.52× | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 1.52× | ||
| Q3 24 | — | 16.19× | ||
| Q2 24 | — | 1.86× | ||
| Q1 24 | — | 3.25× | ||
| Q4 23 | — | 2.57× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
BEPC
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% |
