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Side-by-side financial comparison of DARLING INGREDIENTS INC. (DAR) and Dream Finders Homes, Inc. (DFH). Click either name above to swap in a different company.
DARLING INGREDIENTS INC. is the larger business by last-quarter revenue ($1.6B vs $1.2B, roughly 1.3× Dream Finders Homes, Inc.). Dream Finders Homes, Inc. runs the higher net margin — 4.8% vs 1.2%, a 3.6% gap on every dollar of revenue. On growth, DARLING INGREDIENTS INC. posted the faster year-over-year revenue change (10.0% vs -22.3%). Over the past eight quarters, Dream Finders Homes, Inc.'s revenue compounded faster (21.0% CAGR vs -1.6%).
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.
Dream Finders Homes, Inc. is a U.S. homebuilding firm that constructs and sells entry-level to luxury residential properties, including single-family homes and townhomes, across high-growth domestic markets. It also provides mortgage, title insurance and home warranty services for homebuyers.
DAR vs DFH — Head-to-Head
Income Statement — Q3 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $1.6B | $1.2B |
| Net Profit | $19.4M | $58.8M |
| Gross Margin | 24.7% | — |
| Operating Margin | 4.6% | 6.4% |
| Net Margin | 1.2% | 4.8% |
| Revenue YoY | 10.0% | -22.3% |
| Net Profit YoY | 14.2% | -54.9% |
| EPS (diluted) | $0.12 | $0.57 |
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 | — | $1.2B | ||
| Q3 25 | $1.6B | $969.8M | ||
| Q2 25 | $1.5B | $1.2B | ||
| Q1 25 | $1.4B | $989.9M | ||
| Q4 24 | $1.4B | $1.6B | ||
| Q3 24 | $1.4B | $1.0B | ||
| Q2 24 | $1.5B | $1.1B | ||
| Q1 24 | $1.4B | $827.8M |
| Q4 25 | — | $58.8M | ||
| Q3 25 | $19.4M | $47.0M | ||
| Q2 25 | $12.7M | $56.6M | ||
| Q1 25 | $-26.2M | $54.9M | ||
| Q4 24 | $101.9M | $130.5M | ||
| Q3 24 | $16.9M | $70.7M | ||
| Q2 24 | $78.9M | $80.9M | ||
| Q1 24 | $81.2M | $54.5M |
| Q4 25 | — | — | ||
| Q3 25 | 24.7% | — | ||
| Q2 25 | 23.3% | — | ||
| Q1 25 | 22.6% | — | ||
| Q4 24 | 23.5% | — | ||
| Q3 24 | 22.1% | — | ||
| Q2 24 | 22.5% | 19.2% | ||
| Q1 24 | 21.4% | 18.0% |
| Q4 25 | — | 6.4% | ||
| Q3 25 | 4.6% | 6.3% | ||
| Q2 25 | 5.1% | 6.4% | ||
| Q1 25 | 2.1% | 7.2% | ||
| Q4 24 | 8.6% | 10.8% | ||
| Q3 24 | 4.2% | 9.2% | ||
| Q2 24 | 10.2% | 10.0% | ||
| Q1 24 | 9.7% | 8.6% |
| Q4 25 | — | 4.8% | ||
| Q3 25 | 1.2% | 4.8% | ||
| Q2 25 | 0.9% | 4.9% | ||
| Q1 25 | -1.9% | 5.5% | ||
| Q4 24 | 7.2% | 8.4% | ||
| Q3 24 | 1.2% | 7.0% | ||
| Q2 24 | 5.4% | 7.7% | ||
| Q1 24 | 5.7% | 6.6% |
| Q4 25 | — | $0.57 | ||
| Q3 25 | $0.12 | $0.47 | ||
| Q2 25 | $0.08 | $0.56 | ||
| Q1 25 | $-0.16 | $0.54 | ||
| Q4 24 | $0.63 | $1.28 | ||
| Q3 24 | $0.11 | $0.70 | ||
| Q2 24 | $0.49 | $0.81 | ||
| Q1 24 | $0.50 | $0.55 |
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 | $234.8M |
| Total DebtLower is stronger | $4.0B | $1.6B |
| Stockholders' EquityBook value | $4.7B | $1.4B |
| Total Assets | $10.5B | $3.7B |
| Debt / EquityLower = less leverage | 0.86× | 1.13× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $234.8M | ||
| Q3 25 | $91.5M | $251.0M | ||
| Q2 25 | $94.6M | $210.3M | ||
| Q1 25 | $81.5M | $297.5M | ||
| Q4 24 | $76.0M | $274.4M | ||
| Q3 24 | $114.8M | $204.9M | ||
| Q2 24 | $121.6M | $274.8M | ||
| Q1 24 | $145.5M | $239.4M |
| Q4 25 | — | $1.6B | ||
| Q3 25 | $4.0B | $1.8B | ||
| Q2 25 | $3.9B | — | ||
| Q1 25 | $3.8B | — | ||
| Q4 24 | $3.9B | $1.3B | ||
| Q3 24 | $4.1B | — | ||
| Q2 24 | $4.3B | — | ||
| Q1 24 | $4.4B | — |
| Q4 25 | — | $1.4B | ||
| Q3 25 | $4.7B | $1.4B | ||
| Q2 25 | $4.6B | $1.3B | ||
| Q1 25 | $4.4B | $1.3B | ||
| Q4 24 | $4.4B | $1.2B | ||
| Q3 24 | $4.6B | $1.1B | ||
| Q2 24 | $4.5B | $1.0B | ||
| Q1 24 | $4.6B | $968.7M |
| Q4 25 | — | $3.7B | ||
| Q3 25 | $10.5B | $3.8B | ||
| Q2 25 | $10.3B | $3.7B | ||
| Q1 25 | $10.0B | $3.5B | ||
| Q4 24 | $10.1B | $3.3B | ||
| Q3 24 | $10.6B | $3.3B | ||
| Q2 24 | $10.6B | $3.0B | ||
| Q1 24 | $10.9B | $2.7B |
| Q4 25 | — | 1.13× | ||
| Q3 25 | 0.86× | 1.29× | ||
| Q2 25 | 0.85× | — | ||
| Q1 25 | 0.86× | — | ||
| Q4 24 | 0.89× | 1.03× | ||
| 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 | $224.3M | $143.6M |
| Free Cash FlowOCF − Capex | — | $136.0M |
| FCF MarginFCF / Revenue | — | 11.2% |
| Capex IntensityCapex / Revenue | — | 0.6% |
| Cash ConversionOCF / Net Profit | 11.59× | 2.44× |
| TTM Free Cash FlowTrailing 4 quarters | — | $-126.4M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $143.6M | ||
| Q3 25 | $224.3M | $-131.0M | ||
| Q2 25 | $145.8M | $-68.5M | ||
| Q1 25 | $249.0M | $-44.7M | ||
| Q4 24 | $154.4M | $306.5M | ||
| Q3 24 | $274.5M | $-205.0M | ||
| Q2 24 | $146.5M | $-110.6M | ||
| Q1 24 | $263.9M | $-247.5M |
| Q4 25 | — | $136.0M | ||
| Q3 25 | — | $-135.7M | ||
| Q2 25 | — | $-78.8M | ||
| Q1 25 | — | $-47.9M | ||
| Q4 24 | — | $302.6M | ||
| Q3 24 | — | $-222.5M | ||
| Q2 24 | — | $-112.4M | ||
| Q1 24 | — | $-249.6M |
| Q4 25 | — | 11.2% | ||
| Q3 25 | — | -14.0% | ||
| Q2 25 | — | -6.8% | ||
| Q1 25 | — | -4.8% | ||
| Q4 24 | — | 19.4% | ||
| Q3 24 | — | -22.1% | ||
| Q2 24 | — | -10.6% | ||
| Q1 24 | — | -30.2% |
| Q4 25 | — | 0.6% | ||
| Q3 25 | — | 0.5% | ||
| Q2 25 | — | 0.9% | ||
| Q1 25 | — | 0.3% | ||
| Q4 24 | — | 0.3% | ||
| Q3 24 | — | 1.7% | ||
| Q2 24 | — | 0.2% | ||
| Q1 24 | — | 0.3% |
| Q4 25 | — | 2.44× | ||
| Q3 25 | 11.59× | -2.79× | ||
| Q2 25 | 11.52× | -1.21× | ||
| Q1 25 | — | -0.81× | ||
| Q4 24 | 1.52× | 2.35× | ||
| Q3 24 | 16.19× | -2.90× | ||
| Q2 24 | 1.86× | -1.37× | ||
| Q1 24 | 3.25× | -4.54× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
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% |
DFH
| Midwest Segment | $454.2M | 37% |
| Southeast Segment | $397.5M | 33% |
| Mid Atlantic Segment | $307.3M | 25% |
| Financial Services Segment | $53.7M | 4% |
