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Side-by-side financial comparison of Celanese Corp (CE) and DARLING INGREDIENTS INC. (DAR). Click either name above to swap in a different company.
Celanese Corp is the larger business by last-quarter revenue ($2.2B vs $1.6B, roughly 1.4× DARLING INGREDIENTS INC.). DARLING INGREDIENTS INC. runs the higher net margin — 1.2% vs 0.6%, a 0.6% gap on every dollar of revenue. On growth, DARLING INGREDIENTS INC. posted the faster year-over-year revenue change (10.0% vs -7.0%). Over the past eight quarters, DARLING INGREDIENTS INC.'s revenue compounded faster (-1.6% CAGR vs -8.1%).
Celanese Corporation, formerly known as Hoechst Celanese, is an American technology and specialty materials company headquartered in Irving, Texas. It is a Fortune 500 corporation. The company is the world's leading producer of acetic acid, producing about 1.95 million tonnes per year, representing approximately 20% of global production. Celanese is also the world's largest producer of vinyl acetate monomer (VAM).
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.
CE vs DAR — Head-to-Head
Income Statement — Q4 FY2025 vs Q3 FY2025
| Metric | | |
|---|---|---|
| Revenue | $2.2B | $1.6B |
| Net Profit | $14.0M | $19.4M |
| Gross Margin | 19.1% | 24.7% |
| Operating Margin | 4.0% | 4.6% |
| Net Margin | 0.6% | 1.2% |
| Revenue YoY | -7.0% | 10.0% |
| Net Profit YoY | 100.7% | 14.2% |
| EPS (diluted) | $0.13 | $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 | $2.2B | — | ||
| Q3 25 | $2.4B | $1.6B | ||
| Q2 25 | $2.5B | $1.5B | ||
| Q1 25 | $2.4B | $1.4B | ||
| Q4 24 | $2.4B | $1.4B | ||
| Q3 24 | $2.6B | $1.4B | ||
| Q2 24 | $2.7B | $1.5B | ||
| Q1 24 | $2.6B | $1.4B |
| Q4 25 | $14.0M | — | ||
| Q3 25 | $-1.4B | $19.4M | ||
| Q2 25 | $199.0M | $12.7M | ||
| Q1 25 | $-21.0M | $-26.2M | ||
| Q4 24 | $-1.9B | $101.9M | ||
| Q3 24 | $116.0M | $16.9M | ||
| Q2 24 | $155.0M | $78.9M | ||
| Q1 24 | $121.0M | $81.2M |
| Q4 25 | 19.1% | — | ||
| Q3 25 | 21.5% | 24.7% | ||
| Q2 25 | 21.1% | 23.3% | ||
| Q1 25 | 19.9% | 22.6% | ||
| Q4 24 | 22.7% | 23.5% | ||
| Q3 24 | 23.5% | 22.1% | ||
| Q2 24 | 24.2% | 22.5% | ||
| Q1 24 | 21.2% | 21.4% |
| Q4 25 | 4.0% | — | ||
| Q3 25 | -52.7% | 4.6% | ||
| Q2 25 | 9.2% | 5.1% | ||
| Q1 25 | 7.0% | 2.1% | ||
| Q4 24 | -59.3% | 8.6% | ||
| Q3 24 | 9.4% | 4.2% | ||
| Q2 24 | 9.4% | 10.2% | ||
| Q1 24 | 8.0% | 9.7% |
| Q4 25 | 0.6% | — | ||
| Q3 25 | -56.1% | 1.2% | ||
| Q2 25 | 7.9% | 0.9% | ||
| Q1 25 | -0.9% | -1.9% | ||
| Q4 24 | -80.8% | 7.2% | ||
| Q3 24 | 4.4% | 1.2% | ||
| Q2 24 | 5.8% | 5.4% | ||
| Q1 24 | 4.6% | 5.7% |
| Q4 25 | $0.13 | — | ||
| Q3 25 | $-12.39 | $0.12 | ||
| Q2 25 | $1.81 | $0.08 | ||
| Q1 25 | $-0.19 | $-0.16 | ||
| Q4 24 | $-17.50 | $0.63 | ||
| Q3 24 | $1.06 | $0.11 | ||
| Q2 24 | $1.41 | $0.49 | ||
| Q1 24 | $1.10 | $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 | — | $91.5M |
| Total DebtLower is stronger | $11.4B | $4.0B |
| Stockholders' EquityBook value | $4.0B | $4.7B |
| Total Assets | $21.7B | $10.5B |
| Debt / EquityLower = less leverage | 2.81× | 0.86× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | — | ||
| Q3 25 | — | $91.5M | ||
| Q2 25 | — | $94.6M | ||
| Q1 25 | — | $81.5M | ||
| Q4 24 | — | $76.0M | ||
| Q3 24 | — | $114.8M | ||
| Q2 24 | — | $121.6M | ||
| Q1 24 | — | $145.5M |
| Q4 25 | $11.4B | — | ||
| Q3 25 | $11.7B | $4.0B | ||
| Q2 25 | $12.7B | $3.9B | ||
| Q1 25 | $12.4B | $3.8B | ||
| Q4 24 | $11.1B | $3.9B | ||
| Q3 24 | $11.3B | $4.1B | ||
| Q2 24 | $11.1B | $4.3B | ||
| Q1 24 | $11.0B | $4.4B |
| Q4 25 | $4.0B | — | ||
| Q3 25 | $4.0B | $4.7B | ||
| Q2 25 | $5.3B | $4.6B | ||
| Q1 25 | $5.2B | $4.4B | ||
| Q4 24 | $5.2B | $4.4B | ||
| Q3 24 | $7.3B | $4.6B | ||
| Q2 24 | $7.2B | $4.5B | ||
| Q1 24 | $7.1B | $4.6B |
| Q4 25 | $21.7B | — | ||
| Q3 25 | $22.2B | $10.5B | ||
| Q2 25 | $23.7B | $10.3B | ||
| Q1 25 | $23.2B | $10.0B | ||
| Q4 24 | $22.9B | $10.1B | ||
| Q3 24 | $25.9B | $10.6B | ||
| Q2 24 | $25.8B | $10.6B | ||
| Q1 24 | $26.0B | $10.9B |
| Q4 25 | 2.81× | — | ||
| Q3 25 | 2.95× | 0.86× | ||
| Q2 25 | 2.41× | 0.85× | ||
| Q1 25 | 2.39× | 0.86× | ||
| Q4 24 | 2.14× | 0.89× | ||
| Q3 24 | 1.56× | 0.91× | ||
| Q2 24 | 1.54× | 0.97× | ||
| Q1 24 | 1.56× | 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 | $252.0M | $224.3M |
| Free Cash FlowOCF − Capex | $168.0M | — |
| FCF MarginFCF / Revenue | 7.6% | — |
| Capex IntensityCapex / Revenue | 3.8% | — |
| Cash ConversionOCF / Net Profit | 18.00× | 11.59× |
| TTM Free Cash FlowTrailing 4 quarters | $803.0M | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $252.0M | — | ||
| Q3 25 | $447.0M | $224.3M | ||
| Q2 25 | $410.0M | $145.8M | ||
| Q1 25 | $37.0M | $249.0M | ||
| Q4 24 | $494.0M | $154.4M | ||
| Q3 24 | $79.0M | $274.5M | ||
| Q2 24 | $292.0M | $146.5M | ||
| Q1 24 | $101.0M | $263.9M |
| Q4 25 | $168.0M | — | ||
| Q3 25 | $383.0M | — | ||
| Q2 25 | $317.0M | — | ||
| Q1 25 | $-65.0M | — | ||
| Q4 24 | $389.0M | — | ||
| Q3 24 | $-9.0M | — | ||
| Q2 24 | $187.0M | — | ||
| Q1 24 | $-36.0M | — |
| Q4 25 | 7.6% | — | ||
| Q3 25 | 15.8% | — | ||
| Q2 25 | 12.5% | — | ||
| Q1 25 | -2.7% | — | ||
| Q4 24 | 16.4% | — | ||
| Q3 24 | -0.3% | — | ||
| Q2 24 | 7.1% | — | ||
| Q1 24 | -1.4% | — |
| Q4 25 | 3.8% | — | ||
| Q3 25 | 2.6% | — | ||
| Q2 25 | 3.7% | — | ||
| Q1 25 | 4.3% | — | ||
| Q4 24 | 4.4% | — | ||
| Q3 24 | 3.3% | — | ||
| Q2 24 | 4.0% | — | ||
| Q1 24 | 5.2% | — |
| Q4 25 | 18.00× | — | ||
| Q3 25 | — | 11.59× | ||
| Q2 25 | 2.06× | 11.52× | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 1.52× | ||
| Q3 24 | 0.68× | 16.19× | ||
| Q2 24 | 1.88× | 1.86× | ||
| Q1 24 | 0.83× | 3.25× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
CE
| Engineered Materials | $1.3B | 58% |
| Acetyl Chain | $940.0M | 43% |
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% |
