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Side-by-side financial comparison of DARLING INGREDIENTS INC. (DAR) and Dover Corporation (DOV). Click either name above to swap in a different company.
Dover Corporation is the larger business by last-quarter revenue ($2.1B vs $1.6B, roughly 1.3× DARLING INGREDIENTS INC.). Dover Corporation runs the higher net margin — 13.4% vs 1.2%, a 12.2% gap on every dollar of revenue. On growth, Dover Corporation posted the faster year-over-year revenue change (12.5% vs 10.0%). Over the past eight quarters, DARLING INGREDIENTS INC.'s revenue compounded faster (-1.6% CAGR vs -1.8%).
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.
Dover Corporation is an American conglomerate manufacturer of industrial products. The Downers Grove, Illinois-based company was founded in 1955. As of 2021, Dover's business was divided into five segments: Engineered Products, Clean Energy and Fueling, Imaging & Identification, Pumps & Process Solutions and Climate and Sustainability Technologies. Dover is a constituent of the S&P 500 index and trades on the New York Stock Exchange under the symbol DOV. Dover was ranked 448 in the 2024 Fortu...
DAR vs DOV — Head-to-Head
Income Statement — Q3 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $1.6B | $2.1B |
| Net Profit | $19.4M | $282.1M |
| Gross Margin | 24.7% | 39.1% |
| Operating Margin | 4.6% | 16.5% |
| Net Margin | 1.2% | 13.4% |
| Revenue YoY | 10.0% | 12.5% |
| Net Profit YoY | 14.2% | 22.2% |
| EPS (diluted) | $0.12 | $2.06 |
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.
| Q1 26 | — | $2.1B | ||
| Q4 25 | — | $2.1B | ||
| Q3 25 | $1.6B | $2.1B | ||
| Q2 25 | $1.5B | $2.0B | ||
| Q1 25 | $1.4B | $1.9B | ||
| Q4 24 | $1.4B | $1.5B | ||
| Q3 24 | $1.4B | $2.0B | ||
| Q2 24 | $1.5B | $2.2B |
| Q1 26 | — | $282.1M | ||
| Q4 25 | — | $282.1M | ||
| Q3 25 | $19.4M | $302.0M | ||
| Q2 25 | $12.7M | $279.1M | ||
| Q1 25 | $-26.2M | $230.8M | ||
| Q4 24 | $101.9M | $1.4B | ||
| Q3 24 | $16.9M | $347.1M | ||
| Q2 24 | $78.9M | $281.8M |
| Q1 26 | — | 39.1% | ||
| Q4 25 | — | 39.1% | ||
| Q3 25 | 24.7% | 40.1% | ||
| Q2 25 | 23.3% | 39.9% | ||
| Q1 25 | 22.6% | 40.0% | ||
| Q4 24 | 23.5% | 41.4% | ||
| Q3 24 | 22.1% | 38.5% | ||
| Q2 24 | 22.5% | 37.7% |
| Q1 26 | — | 16.5% | ||
| Q4 25 | — | 16.5% | ||
| Q3 25 | 4.6% | 18.2% | ||
| Q2 25 | 5.1% | 17.3% | ||
| Q1 25 | 2.1% | 15.9% | ||
| Q4 24 | 8.6% | 14.0% | ||
| Q3 24 | 4.2% | 16.8% | ||
| Q2 24 | 10.2% | 17.0% |
| Q1 26 | — | 13.4% | ||
| Q4 25 | — | 13.4% | ||
| Q3 25 | 1.2% | 14.5% | ||
| Q2 25 | 0.9% | 13.6% | ||
| Q1 25 | -1.9% | 12.4% | ||
| Q4 24 | 7.2% | 96.4% | ||
| Q3 24 | 1.2% | 17.5% | ||
| Q2 24 | 5.4% | 12.9% |
| Q1 26 | — | $2.06 | ||
| Q4 25 | — | $2.06 | ||
| Q3 25 | $0.12 | $2.19 | ||
| Q2 25 | $0.08 | $2.02 | ||
| Q1 25 | $-0.16 | $1.67 | ||
| Q4 24 | $0.63 | $10.38 | ||
| Q3 24 | $0.11 | $2.51 | ||
| Q2 24 | $0.49 | $2.04 |
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 | $4.0B | $3.3B |
| Stockholders' EquityBook value | $4.7B | $7.4B |
| Total Assets | $10.5B | $13.4B |
| Debt / EquityLower = less leverage | 0.86× | 0.45× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| 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 26 | — | $3.3B | ||
| Q4 25 | — | $3.3B | ||
| Q3 25 | $4.0B | $3.1B | ||
| Q2 25 | $3.9B | $3.1B | ||
| Q1 25 | $3.8B | $3.0B | ||
| Q4 24 | $3.9B | $2.9B | ||
| Q3 24 | $4.1B | $3.0B | ||
| Q2 24 | $4.3B | $3.0B |
| Q1 26 | — | $7.4B | ||
| Q4 25 | — | $7.4B | ||
| Q3 25 | $4.7B | $7.7B | ||
| Q2 25 | $4.6B | $7.4B | ||
| Q1 25 | $4.4B | $7.1B | ||
| Q4 24 | $4.4B | $7.0B | ||
| Q3 24 | $4.6B | $5.7B | ||
| Q2 24 | $4.5B | $5.4B |
| Q1 26 | — | $13.4B | ||
| Q4 25 | — | $13.4B | ||
| Q3 25 | $10.5B | $13.4B | ||
| Q2 25 | $10.3B | $13.2B | ||
| Q1 25 | $10.0B | $12.6B | ||
| Q4 24 | $10.1B | $12.5B | ||
| Q3 24 | $10.6B | $11.9B | ||
| Q2 24 | $10.6B | $11.3B |
| Q1 26 | — | 0.45× | ||
| Q4 25 | — | 0.45× | ||
| Q3 25 | 0.86× | 0.40× | ||
| Q2 25 | 0.85× | 0.41× | ||
| Q1 25 | 0.86× | 0.42× | ||
| Q4 24 | 0.89× | 0.42× | ||
| Q3 24 | 0.91× | 0.53× | ||
| Q2 24 | 0.97× | 0.55× |
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 | — |
| 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.
| Q1 26 | — | — | ||
| Q4 25 | — | $543.9M | ||
| Q3 25 | $224.3M | $424.2M | ||
| Q2 25 | $145.8M | $212.3M | ||
| Q1 25 | $249.0M | $157.5M | ||
| Q4 24 | $154.4M | $439.0M | ||
| Q3 24 | $274.5M | $353.2M | ||
| Q2 24 | $146.5M | $203.7M |
| Q1 26 | — | — | ||
| Q4 25 | — | $487.0M | ||
| Q3 25 | — | $370.1M | ||
| Q2 25 | — | $151.4M | ||
| Q1 25 | — | $109.3M | ||
| Q4 24 | — | $385.0M | ||
| Q3 24 | — | $325.0M | ||
| Q2 24 | — | $162.8M |
| Q1 26 | — | — | ||
| Q4 25 | — | 23.2% | ||
| Q3 25 | — | 17.8% | ||
| Q2 25 | — | 7.4% | ||
| Q1 25 | — | 5.9% | ||
| Q4 24 | — | 25.8% | ||
| Q3 24 | — | 16.4% | ||
| Q2 24 | — | 7.5% |
| Q1 26 | — | — | ||
| Q4 25 | — | 2.7% | ||
| Q3 25 | — | 2.6% | ||
| Q2 25 | — | 3.0% | ||
| Q1 25 | — | 2.6% | ||
| Q4 24 | — | 3.6% | ||
| Q3 24 | — | 1.4% | ||
| Q2 24 | — | 1.9% |
| Q1 26 | — | — | ||
| Q4 25 | — | 1.93× | ||
| Q3 25 | 11.59× | 1.40× | ||
| Q2 25 | 11.52× | 0.76× | ||
| Q1 25 | — | 0.68× | ||
| Q4 24 | 1.52× | 0.31× | ||
| Q3 24 | 16.19× | 1.02× | ||
| Q2 24 | 1.86× | 0.72× |
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% |
DOV
Segment breakdown not available.
