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Side-by-side financial comparison of CRACKER BARREL OLD COUNTRY STORE, INC (CBRL) 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 $797.2M, roughly 2.0× CRACKER BARREL OLD COUNTRY STORE, INC). DARLING INGREDIENTS INC. runs the higher net margin — 1.2% vs -3.1%, a 4.3% gap on every dollar of revenue. On growth, DARLING INGREDIENTS INC. posted the faster year-over-year revenue change (10.0% vs -10.9%). Over the past eight quarters, DARLING INGREDIENTS INC.'s revenue compounded faster (-1.6% CAGR vs -2.4%).
Cracker Barrel Old Country Store, Inc., doing business as Cracker Barrel, is an American chain of restaurant and gift stores with a Southern country theme. The company's headquarters are in Lebanon, Tennessee, where Cracker Barrel was founded by Dan Evins and Tommy Lowe in 1969. The chain's early locations were positioned near Interstate Highway exits in the Southeastern and Midwestern United States, but expanded across the country during the 1990s and 2000s. As of August 10, 2023, the compan...
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.
CBRL vs DAR — Head-to-Head
Income Statement — Q1 FY2026 vs Q3 FY2025
| Metric | | |
|---|---|---|
| Revenue | $797.2M | $1.6B |
| Net Profit | $-24.6M | $19.4M |
| Gross Margin | 68.8% | 24.7% |
| Operating Margin | -4.1% | 4.6% |
| Net Margin | -3.1% | 1.2% |
| Revenue YoY | -10.9% | 10.0% |
| Net Profit YoY | -235.7% | 14.2% |
| EPS (diluted) | $-1.10 | $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 | $797.2M | — | ||
| Q3 25 | — | $1.6B | ||
| Q2 25 | $821.1M | $1.5B | ||
| Q1 25 | $949.4M | $1.4B | ||
| Q4 24 | — | $1.4B | ||
| Q3 24 | $894.4M | $1.4B | ||
| Q2 24 | $817.1M | $1.5B | ||
| Q1 24 | $935.4M | $1.4B |
| Q4 25 | $-24.6M | — | ||
| Q3 25 | — | $19.4M | ||
| Q2 25 | $12.6M | $12.7M | ||
| Q1 25 | $22.2M | $-26.2M | ||
| Q4 24 | — | $101.9M | ||
| Q3 24 | $18.1M | $16.9M | ||
| Q2 24 | $-9.2M | $78.9M | ||
| Q1 24 | $26.5M | $81.2M |
| Q4 25 | 68.8% | — | ||
| Q3 25 | — | 24.7% | ||
| Q2 25 | 69.9% | 23.3% | ||
| Q1 25 | 67.4% | 22.6% | ||
| Q4 24 | — | 23.5% | ||
| Q3 24 | 69.6% | 22.1% | ||
| Q2 24 | 70.0% | 22.5% | ||
| Q1 24 | 66.3% | 21.4% |
| Q4 25 | -4.1% | — | ||
| Q3 25 | — | 4.6% | ||
| Q2 25 | 1.8% | 5.1% | ||
| Q1 25 | 3.1% | 2.1% | ||
| Q4 24 | — | 8.6% | ||
| Q3 24 | 2.5% | 4.2% | ||
| Q2 24 | -2.4% | 10.2% | ||
| Q1 24 | 3.3% | 9.7% |
| Q4 25 | -3.1% | — | ||
| Q3 25 | — | 1.2% | ||
| Q2 25 | 1.5% | 0.9% | ||
| Q1 25 | 2.3% | -1.9% | ||
| Q4 24 | — | 7.2% | ||
| Q3 24 | 2.0% | 1.2% | ||
| Q2 24 | -1.1% | 5.4% | ||
| Q1 24 | 2.8% | 5.7% |
| Q4 25 | $-1.10 | — | ||
| Q3 25 | — | $0.12 | ||
| Q2 25 | $0.56 | $0.08 | ||
| Q1 25 | $0.99 | $-0.16 | ||
| Q4 24 | — | $0.63 | ||
| Q3 24 | $0.80 | $0.11 | ||
| Q2 24 | $-0.41 | $0.49 | ||
| Q1 24 | $1.19 | $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 | $8.9M | $91.5M |
| Total DebtLower is stronger | — | $4.0B |
| Stockholders' EquityBook value | $428.8M | $4.7B |
| Total Assets | $2.2B | $10.5B |
| Debt / EquityLower = less leverage | — | 0.86× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $8.9M | — | ||
| Q3 25 | — | $91.5M | ||
| Q2 25 | $9.8M | $94.6M | ||
| Q1 25 | $10.3M | $81.5M | ||
| Q4 24 | — | $76.0M | ||
| Q3 24 | $12.0M | $114.8M | ||
| Q2 24 | $11.9M | $121.6M | ||
| Q1 24 | $12.6M | $145.5M |
| Q4 25 | — | — | ||
| 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 25 | $428.8M | — | ||
| Q3 25 | — | $4.7B | ||
| Q2 25 | $469.3M | $4.6B | ||
| Q1 25 | $460.9M | $4.4B | ||
| Q4 24 | — | $4.4B | ||
| Q3 24 | $440.1M | $4.6B | ||
| Q2 24 | $426.6M | $4.5B | ||
| Q1 24 | $462.0M | $4.6B |
| Q4 25 | $2.2B | — | ||
| Q3 25 | — | $10.5B | ||
| Q2 25 | $2.1B | $10.3B | ||
| Q1 25 | $2.1B | $10.0B | ||
| Q4 24 | — | $10.1B | ||
| Q3 24 | $2.2B | $10.6B | ||
| Q2 24 | $2.2B | $10.6B | ||
| Q1 24 | $2.2B | $10.9B |
| Q4 25 | — | — | ||
| 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× |
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 | $-53.4M | $224.3M |
| Free Cash FlowOCF − Capex | $-88.9M | — |
| FCF MarginFCF / Revenue | -11.2% | — |
| Capex IntensityCapex / Revenue | 4.5% | — |
| Cash ConversionOCF / Net Profit | — | 11.59× |
| TTM Free Cash FlowTrailing 4 quarters | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-53.4M | — | ||
| Q3 25 | — | $224.3M | ||
| Q2 25 | $23.0M | $145.8M | ||
| Q1 25 | — | $249.0M | ||
| Q4 24 | — | $154.4M | ||
| Q3 24 | $69.5M | $274.5M | ||
| Q2 24 | $37.6M | $146.5M | ||
| Q1 24 | $77.7M | $263.9M |
| Q4 25 | $-88.9M | — | ||
| Q3 25 | — | — | ||
| Q2 25 | $-13.6M | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | $22.1M | — | ||
| Q2 24 | $8.2M | — | ||
| Q1 24 | $50.9M | — |
| Q4 25 | -11.2% | — | ||
| Q3 25 | — | — | ||
| Q2 25 | -1.7% | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | 2.5% | — | ||
| Q2 24 | 1.0% | — | ||
| Q1 24 | 5.4% | — |
| Q4 25 | 4.5% | — | ||
| Q3 25 | — | — | ||
| Q2 25 | 4.5% | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | 5.3% | — | ||
| Q2 24 | 3.6% | — | ||
| Q1 24 | 2.9% | — |
| Q4 25 | — | — | ||
| Q3 25 | — | 11.59× | ||
| Q2 25 | 1.83× | 11.52× | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 1.52× | ||
| Q3 24 | 3.83× | 16.19× | ||
| Q2 24 | — | 1.86× | ||
| Q1 24 | 2.93× | 3.25× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
CBRL
| Restaurant | $650.6M | 82% |
| Retail | $146.6M | 18% |
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% |
