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Side-by-side financial comparison of Cintas (CTAS) and DARLING INGREDIENTS INC. (DAR). Click either name above to swap in a different company.
Cintas is the larger business by last-quarter revenue ($2.8B vs $1.6B, roughly 1.8× DARLING INGREDIENTS INC.). Cintas runs the higher net margin — 17.7% vs 1.2%, a 16.5% gap on every dollar of revenue. On growth, DARLING INGREDIENTS INC. posted the faster year-over-year revenue change (10.0% vs 9.3%). Over the past eight quarters, Cintas's revenue compounded faster (7.9% CAGR vs -1.6%).
Cintas Corporation is an American corporation headquartered in Mason, Ohio, which provides a range of products and services to businesses including uniforms, mats, mops, cleaning and restroom supplies, first aid and safety products, fire extinguishers and testing, and safety courses. Cintas is a publicly held company traded on the Nasdaq Global Select Market under the symbol CTAS and is a component of the S&P 500 Index.
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.
CTAS vs DAR — Head-to-Head
Income Statement — Q2 FY2026 vs Q3 FY2025
| Metric | | |
|---|---|---|
| Revenue | $2.8B | $1.6B |
| Net Profit | $495.3M | $19.4M |
| Gross Margin | 50.4% | 24.7% |
| Operating Margin | 23.4% | 4.6% |
| Net Margin | 17.7% | 1.2% |
| Revenue YoY | 9.3% | 10.0% |
| Net Profit YoY | 10.4% | 14.2% |
| EPS (diluted) | $1.21 | $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 | $2.8B | — | ||
| Q3 25 | $2.7B | $1.6B | ||
| Q2 25 | $2.7B | $1.5B | ||
| Q1 25 | $2.6B | $1.4B | ||
| Q4 24 | $2.6B | $1.4B | ||
| Q3 24 | $2.5B | $1.4B | ||
| Q2 24 | $2.5B | $1.5B | ||
| Q1 24 | $2.4B | $1.4B |
| Q4 25 | $495.3M | — | ||
| Q3 25 | $491.1M | $19.4M | ||
| Q2 25 | $448.3M | $12.7M | ||
| Q1 25 | $463.5M | $-26.2M | ||
| Q4 24 | $448.5M | $101.9M | ||
| Q3 24 | $452.0M | $16.9M | ||
| Q2 24 | $414.3M | $78.9M | ||
| Q1 24 | $397.6M | $81.2M |
| Q4 25 | 50.4% | — | ||
| Q3 25 | 50.3% | 24.7% | ||
| Q2 25 | 49.7% | 23.3% | ||
| Q1 25 | 50.6% | 22.6% | ||
| Q4 24 | 49.8% | 23.5% | ||
| Q3 24 | 50.1% | 22.1% | ||
| Q2 24 | — | 22.5% | ||
| Q1 24 | — | 21.4% |
| Q4 25 | 23.4% | — | ||
| Q3 25 | 22.7% | 4.6% | ||
| Q2 25 | 22.4% | 5.1% | ||
| Q1 25 | 23.4% | 2.1% | ||
| Q4 24 | 23.1% | 8.6% | ||
| Q3 24 | 22.4% | 4.2% | ||
| Q2 24 | 22.2% | 10.2% | ||
| Q1 24 | 21.6% | 9.7% |
| Q4 25 | 17.7% | — | ||
| Q3 25 | 18.1% | 1.2% | ||
| Q2 25 | 16.8% | 0.9% | ||
| Q1 25 | 17.8% | -1.9% | ||
| Q4 24 | 17.5% | 7.2% | ||
| Q3 24 | 18.1% | 1.2% | ||
| Q2 24 | 16.8% | 5.4% | ||
| Q1 24 | 16.5% | 5.7% |
| Q4 25 | $1.21 | — | ||
| Q3 25 | $1.20 | $0.12 | ||
| Q2 25 | $1.08 | $0.08 | ||
| Q1 25 | $1.13 | $-0.16 | ||
| Q4 24 | $1.09 | $0.63 | ||
| Q3 24 | $1.10 | $0.11 | ||
| Q2 24 | $4.00 | $0.49 | ||
| Q1 24 | $3.84 | $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 | $200.8M | $91.5M |
| Total DebtLower is stronger | $2.4B | $4.0B |
| Stockholders' EquityBook value | $4.5B | $4.7B |
| Total Assets | $10.1B | $10.5B |
| Debt / EquityLower = less leverage | 0.54× | 0.86× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $200.8M | — | ||
| Q3 25 | $138.1M | $91.5M | ||
| Q2 25 | $264.0M | $94.6M | ||
| Q1 25 | $243.4M | $81.5M | ||
| Q4 24 | $122.4M | $76.0M | ||
| Q3 24 | $101.4M | $114.8M | ||
| Q2 24 | $342.0M | $121.6M | ||
| Q1 24 | $128.5M | $145.5M |
| Q4 25 | $2.4B | — | ||
| Q3 25 | $2.4B | $4.0B | ||
| Q2 25 | $2.4B | $3.9B | ||
| Q1 25 | $2.0B | $3.8B | ||
| Q4 24 | $2.0B | $3.9B | ||
| Q3 24 | $2.0B | $4.1B | ||
| Q2 24 | $2.0B | $4.3B | ||
| Q1 24 | $2.5B | $4.4B |
| Q4 25 | $4.5B | — | ||
| Q3 25 | $4.8B | $4.7B | ||
| Q2 25 | $4.7B | $4.6B | ||
| Q1 25 | $4.6B | $4.4B | ||
| Q4 24 | $4.3B | $4.4B | ||
| Q3 24 | $4.0B | $4.6B | ||
| Q2 24 | $4.3B | $4.5B | ||
| Q1 24 | $4.2B | $4.6B |
| Q4 25 | $10.1B | — | ||
| Q3 25 | $9.8B | $10.5B | ||
| Q2 25 | $9.8B | $10.3B | ||
| Q1 25 | $9.6B | $10.0B | ||
| Q4 24 | $9.4B | $10.1B | ||
| Q3 24 | $9.1B | $10.6B | ||
| Q2 24 | $9.2B | $10.6B | ||
| Q1 24 | $9.0B | $10.9B |
| Q4 25 | 0.54× | — | ||
| Q3 25 | 0.51× | 0.86× | ||
| Q2 25 | 0.52× | 0.85× | ||
| Q1 25 | 0.44× | 0.86× | ||
| Q4 24 | 0.47× | 0.89× | ||
| Q3 24 | 0.50× | 0.91× | ||
| Q2 24 | 0.47× | 0.97× | ||
| Q1 24 | 0.58× | 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 | $531.2M | $224.3M |
| Free Cash FlowOCF − Capex | $425.0M | — |
| FCF MarginFCF / Revenue | 15.2% | — |
| Capex IntensityCapex / Revenue | 3.8% | — |
| Cash ConversionOCF / Net Profit | 1.07× | 11.59× |
| TTM Free Cash FlowTrailing 4 quarters | $1.8B | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $531.2M | — | ||
| Q3 25 | $414.5M | $224.3M | ||
| Q2 25 | $635.7M | $145.8M | ||
| Q1 25 | $622.0M | $249.0M | ||
| Q4 24 | $441.4M | $154.4M | ||
| Q3 24 | $466.7M | $274.5M | ||
| Q2 24 | $693.0M | $146.5M | ||
| Q1 24 | $657.1M | $263.9M |
| Q4 25 | $425.0M | — | ||
| Q3 25 | $312.5M | — | ||
| Q2 25 | $521.1M | — | ||
| Q1 25 | $522.1M | — | ||
| Q4 24 | $340.0M | — | ||
| Q3 24 | $373.8M | — | ||
| Q2 24 | $591.1M | — | ||
| Q1 24 | $550.1M | — |
| Q4 25 | 15.2% | — | ||
| Q3 25 | 11.5% | — | ||
| Q2 25 | 19.5% | — | ||
| Q1 25 | 20.0% | — | ||
| Q4 24 | 13.3% | — | ||
| Q3 24 | 14.9% | — | ||
| Q2 24 | 23.9% | — | ||
| Q1 24 | 22.9% | — |
| Q4 25 | 3.8% | — | ||
| Q3 25 | 3.8% | — | ||
| Q2 25 | 4.3% | — | ||
| Q1 25 | 3.8% | — | ||
| Q4 24 | 4.0% | — | ||
| Q3 24 | 3.7% | — | ||
| Q2 24 | 4.1% | — | ||
| Q1 24 | 4.4% | — |
| Q4 25 | 1.07× | — | ||
| Q3 25 | 0.84× | 11.59× | ||
| Q2 25 | 1.42× | 11.52× | ||
| Q1 25 | 1.34× | — | ||
| Q4 24 | 0.98× | 1.52× | ||
| Q3 24 | 1.03× | 16.19× | ||
| Q2 24 | 1.67× | 1.86× | ||
| Q1 24 | 1.65× | 3.25× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
CTAS
| Uniform Rental And Facility Services Segment | $2.2B | 77% |
| First Aid And Safety Services Segment | $342.2M | 12% |
| Fire Protection Services | $222.5M | 8% |
| Uniform Direct Sales | $79.8M | 3% |
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% |
