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Side-by-side financial comparison of DARLING INGREDIENTS INC. (DAR) and Evercore Inc. (EVR). Click either name above to swap in a different company.
DARLING INGREDIENTS INC. is the larger business by last-quarter revenue ($1.6B vs $1.3B, roughly 1.2× Evercore Inc.). Evercore Inc. runs the higher net margin — 15.7% vs 1.2%, a 14.5% gap on every dollar of revenue. On growth, Evercore Inc. posted the faster year-over-year revenue change (32.4% vs 10.0%). Over the past eight quarters, Evercore Inc.'s revenue compounded faster (48.9% 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.
Evercore Inc., formerly known as Evercore Partners, is a global independent investment banking advisory firm founded in 1995 by Roger Altman, David Offensend, and Austin Beutner. The firm has advised on over $4.7 trillion of merger, acquisition, and restructuring transactions since its founding.
DAR vs EVR — Head-to-Head
Income Statement — Q3 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $1.6B | $1.3B |
| Net Profit | $19.4M | $204.0M |
| Gross Margin | 24.7% | — |
| Operating Margin | 4.6% | 24.2% |
| Net Margin | 1.2% | 15.7% |
| Revenue YoY | 10.0% | 32.4% |
| Net Profit YoY | 14.2% | 45.2% |
| EPS (diluted) | $0.12 | $4.80 |
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 | — | $1.3B | ||
| Q3 25 | $1.6B | $1.0B | ||
| Q2 25 | $1.5B | $838.0M | ||
| Q1 25 | $1.4B | $699.0M | ||
| Q4 24 | $1.4B | $979.5M | ||
| Q3 24 | $1.4B | $738.4M | ||
| Q2 24 | $1.5B | $693.4M | ||
| Q1 24 | $1.4B | $585.0M |
| Q4 25 | — | $204.0M | ||
| Q3 25 | $19.4M | $144.6M | ||
| Q2 25 | $12.7M | $97.2M | ||
| Q1 25 | $-26.2M | $146.2M | ||
| Q4 24 | $101.9M | $140.4M | ||
| Q3 24 | $16.9M | $78.4M | ||
| Q2 24 | $78.9M | $73.8M | ||
| Q1 24 | $81.2M | $85.7M |
| 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% | — | ||
| Q1 24 | 21.4% | — |
| Q4 25 | — | 24.2% | ||
| Q3 25 | 4.6% | 20.8% | ||
| Q2 25 | 5.1% | 18.0% | ||
| Q1 25 | 2.1% | 16.0% | ||
| Q4 24 | 8.6% | 21.8% | ||
| Q3 24 | 4.2% | 16.7% | ||
| Q2 24 | 10.2% | 15.9% | ||
| Q1 24 | 9.7% | 14.8% |
| Q4 25 | — | 15.7% | ||
| Q3 25 | 1.2% | 13.8% | ||
| Q2 25 | 0.9% | 11.6% | ||
| Q1 25 | -1.9% | 20.9% | ||
| Q4 24 | 7.2% | 14.3% | ||
| Q3 24 | 1.2% | 10.6% | ||
| Q2 24 | 5.4% | 10.6% | ||
| Q1 24 | 5.7% | 14.6% |
| Q4 25 | — | $4.80 | ||
| Q3 25 | $0.12 | $3.41 | ||
| Q2 25 | $0.08 | $2.36 | ||
| Q1 25 | $-0.16 | $3.48 | ||
| Q4 24 | $0.63 | $3.32 | ||
| Q3 24 | $0.11 | $1.86 | ||
| Q2 24 | $0.49 | $1.81 | ||
| Q1 24 | $0.50 | $2.09 |
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 | $3.0B |
| Total DebtLower is stronger | $4.0B | — |
| Stockholders' EquityBook value | $4.7B | $2.0B |
| Total Assets | $10.5B | $5.4B |
| Debt / EquityLower = less leverage | 0.86× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $3.0B | ||
| Q3 25 | $91.5M | $2.4B | ||
| Q2 25 | $94.6M | $1.7B | ||
| Q1 25 | $81.5M | $1.4B | ||
| Q4 24 | $76.0M | $2.4B | ||
| Q3 24 | $114.8M | $1.8B | ||
| Q2 24 | $121.6M | $1.7B | ||
| Q1 24 | $145.5M | $1.4B |
| 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 | — | $2.0B | ||
| Q3 25 | $4.7B | $1.8B | ||
| Q2 25 | $4.6B | $1.7B | ||
| Q1 25 | $4.4B | $1.5B | ||
| Q4 24 | $4.4B | $1.7B | ||
| Q3 24 | $4.6B | $1.6B | ||
| Q2 24 | $4.5B | $1.5B | ||
| Q1 24 | $4.6B | $1.4B |
| Q4 25 | — | $5.4B | ||
| Q3 25 | $10.5B | $4.4B | ||
| Q2 25 | $10.3B | $3.7B | ||
| Q1 25 | $10.0B | $3.3B | ||
| Q4 24 | $10.1B | $4.2B | ||
| Q3 24 | $10.6B | $3.6B | ||
| Q2 24 | $10.6B | $3.3B | ||
| Q1 24 | $10.9B | $3.0B |
| 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 | $224.3M | $807.5M |
| Free Cash FlowOCF − Capex | — | $798.6M |
| FCF MarginFCF / Revenue | — | 61.6% |
| Capex IntensityCapex / Revenue | — | 0.7% |
| Cash ConversionOCF / Net Profit | 11.59× | 3.96× |
| TTM Free Cash FlowTrailing 4 quarters | — | $1.2B |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $807.5M | ||
| Q3 25 | $224.3M | $560.9M | ||
| Q2 25 | $145.8M | $437.7M | ||
| Q1 25 | $249.0M | $-549.7M | ||
| Q4 24 | $154.4M | $686.4M | ||
| Q3 24 | $274.5M | $234.5M | ||
| Q2 24 | $146.5M | $348.5M | ||
| Q1 24 | $263.9M | $-281.2M |
| Q4 25 | — | $798.6M | ||
| Q3 25 | — | $541.5M | ||
| Q2 25 | — | $411.7M | ||
| Q1 25 | — | $-569.3M | ||
| Q4 24 | — | $673.1M | ||
| Q3 24 | — | $226.6M | ||
| Q2 24 | — | $340.7M | ||
| Q1 24 | — | $-282.3M |
| Q4 25 | — | 61.6% | ||
| Q3 25 | — | 51.8% | ||
| Q2 25 | — | 49.1% | ||
| Q1 25 | — | -81.4% | ||
| Q4 24 | — | 68.7% | ||
| Q3 24 | — | 30.7% | ||
| Q2 24 | — | 49.1% | ||
| Q1 24 | — | -48.3% |
| Q4 25 | — | 0.7% | ||
| Q3 25 | — | 1.9% | ||
| Q2 25 | — | 3.1% | ||
| Q1 25 | — | 2.8% | ||
| Q4 24 | — | 1.4% | ||
| Q3 24 | — | 1.1% | ||
| Q2 24 | — | 1.1% | ||
| Q1 24 | — | 0.2% |
| Q4 25 | — | 3.96× | ||
| Q3 25 | 11.59× | 3.88× | ||
| Q2 25 | 11.52× | 4.50× | ||
| Q1 25 | — | -3.76× | ||
| Q4 24 | 1.52× | 4.89× | ||
| Q3 24 | 16.19× | 2.99× | ||
| Q2 24 | 1.86× | 4.72× | ||
| Q1 24 | 3.25× | -3.28× |
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% |
EVR
| Advisory Fees | $1.1B | 87% |
| Commissions And Related Revenue | $66.5M | 5% |
| Underwriting Fees | $49.5M | 4% |
| Other | $29.6M | 2% |
| Investment Management | $23.2M | 2% |
