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Side-by-side financial comparison of DARLING INGREDIENTS INC. (DAR) and Evergy (EVRG). 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× Evergy). Evergy runs the higher net margin — 6.5% vs 1.2%, a 5.3% gap on every dollar of revenue. On growth, DARLING INGREDIENTS INC. posted the faster year-over-year revenue change (10.0% vs 5.3%). Over the past eight quarters, Evergy's revenue compounded faster (0.4% 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.
Evergy, Inc. is an American investor-owned utility (IOU) with publicly traded stock with headquarters in Topeka, Kansas, and in Kansas City, Missouri. The company was formed from a merger of Westar Energy of Topeka and Great Plains Energy of Kansas City, parent company of Kansas City Power & Light. Evergy is the largest electric company in Kansas, serving more than 1.7 million residential, commercial and industrial customers in Kansas and Missouri.
DAR vs EVRG — Head-to-Head
Income Statement — Q3 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $1.6B | $1.3B |
| Net Profit | $19.4M | $84.3M |
| Gross Margin | 24.7% | — |
| Operating Margin | 4.6% | 18.5% |
| Net Margin | 1.2% | 6.5% |
| Revenue YoY | 10.0% | 5.3% |
| Net Profit YoY | 14.2% | 7.8% |
| EPS (diluted) | $0.12 | $0.35 |
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 | $1.8B | ||
| Q2 25 | $1.5B | $1.4B | ||
| Q1 25 | $1.4B | $1.3B | ||
| Q4 24 | $1.4B | $1.2B | ||
| Q3 24 | $1.4B | $1.8B | ||
| Q2 24 | $1.5B | $1.4B | ||
| Q1 24 | $1.4B | $1.3B |
| Q4 25 | — | $84.3M | ||
| Q3 25 | $19.4M | $475.0M | ||
| Q2 25 | $12.7M | $171.3M | ||
| Q1 25 | $-26.2M | $125.0M | ||
| Q4 24 | $101.9M | $78.2M | ||
| Q3 24 | $16.9M | $465.6M | ||
| Q2 24 | $78.9M | $207.0M | ||
| Q1 24 | $81.2M | $122.7M |
| 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 | — | 18.5% | ||
| Q3 25 | 4.6% | 37.3% | ||
| Q2 25 | 5.1% | 25.4% | ||
| Q1 25 | 2.1% | 22.5% | ||
| Q4 24 | 8.6% | 18.1% | ||
| Q3 24 | 4.2% | 35.1% | ||
| Q2 24 | 10.2% | 25.4% | ||
| Q1 24 | 9.7% | 20.3% |
| Q4 25 | — | 6.5% | ||
| Q3 25 | 1.2% | 26.9% | ||
| Q2 25 | 0.9% | 12.6% | ||
| Q1 25 | -1.9% | 9.7% | ||
| Q4 24 | 7.2% | 6.4% | ||
| Q3 24 | 1.2% | 26.0% | ||
| Q2 24 | 5.4% | 14.7% | ||
| Q1 24 | 5.7% | 9.6% |
| Q4 25 | — | $0.35 | ||
| Q3 25 | $0.12 | $2.03 | ||
| Q2 25 | $0.08 | $0.74 | ||
| Q1 25 | $-0.16 | $0.54 | ||
| Q4 24 | $0.63 | $0.34 | ||
| Q3 24 | $0.11 | $2.02 | ||
| Q2 24 | $0.49 | $0.90 | ||
| Q1 24 | $0.50 | $0.53 |
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 | $19.8M |
| Total DebtLower is stronger | $4.0B | — |
| Stockholders' EquityBook value | $4.7B | $10.2B |
| Total Assets | $10.5B | $33.9B |
| Debt / EquityLower = less leverage | 0.86× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $19.8M | ||
| Q3 25 | $91.5M | $27.5M | ||
| Q2 25 | $94.6M | $27.8M | ||
| Q1 25 | $81.5M | $35.3M | ||
| Q4 24 | $76.0M | $22.0M | ||
| Q3 24 | $114.8M | $34.6M | ||
| Q2 24 | $121.6M | $26.1M | ||
| Q1 24 | $145.5M | $63.7M |
| 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 | — | $10.2B | ||
| Q3 25 | $4.7B | $10.3B | ||
| Q2 25 | $4.6B | $10.0B | ||
| Q1 25 | $4.4B | $9.9B | ||
| Q4 24 | $4.4B | $10.0B | ||
| Q3 24 | $4.6B | $10.0B | ||
| Q2 24 | $4.5B | $9.7B | ||
| Q1 24 | $4.6B | $9.6B |
| Q4 25 | — | $33.9B | ||
| Q3 25 | $10.5B | $33.4B | ||
| Q2 25 | $10.3B | $32.9B | ||
| Q1 25 | $10.0B | $32.5B | ||
| Q4 24 | $10.1B | $32.3B | ||
| Q3 24 | $10.6B | $32.1B | ||
| Q2 24 | $10.6B | $31.8B | ||
| Q1 24 | $10.9B | $31.3B |
| 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 | $334.0M |
| Free Cash FlowOCF − Capex | — | $-530.5M |
| FCF MarginFCF / Revenue | — | -41.1% |
| Capex IntensityCapex / Revenue | — | 66.9% |
| Cash ConversionOCF / Net Profit | 11.59× | 3.96× |
| TTM Free Cash FlowTrailing 4 quarters | — | $-751.7M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $334.0M | ||
| Q3 25 | $224.3M | $937.7M | ||
| Q2 25 | $145.8M | $323.9M | ||
| Q1 25 | $249.0M | $449.6M | ||
| Q4 24 | $154.4M | $395.6M | ||
| Q3 24 | $274.5M | $953.3M | ||
| Q2 24 | $146.5M | $317.5M | ||
| Q1 24 | $263.9M | $317.3M |
| Q4 25 | — | $-530.5M | ||
| Q3 25 | — | $225.4M | ||
| Q2 25 | — | $-303.4M | ||
| Q1 25 | — | $-143.2M | ||
| Q4 24 | — | $-118.6M | ||
| Q3 24 | — | $427.0M | ||
| Q2 24 | — | $-360.0M | ||
| Q1 24 | — | $-301.3M |
| Q4 25 | — | -41.1% | ||
| Q3 25 | — | 12.8% | ||
| Q2 25 | — | -22.4% | ||
| Q1 25 | — | -11.1% | ||
| Q4 24 | — | -9.7% | ||
| Q3 24 | — | 23.9% | ||
| Q2 24 | — | -25.6% | ||
| Q1 24 | — | -23.5% |
| Q4 25 | — | 66.9% | ||
| Q3 25 | — | 40.4% | ||
| Q2 25 | — | 46.3% | ||
| Q1 25 | — | 45.8% | ||
| Q4 24 | — | 41.9% | ||
| Q3 24 | — | 29.4% | ||
| Q2 24 | — | 48.1% | ||
| Q1 24 | — | 48.3% |
| Q4 25 | — | 3.96× | ||
| Q3 25 | 11.59× | 1.97× | ||
| Q2 25 | 11.52× | 1.89× | ||
| Q1 25 | — | 3.60× | ||
| Q4 24 | 1.52× | 5.06× | ||
| Q3 24 | 16.19× | 2.05× | ||
| Q2 24 | 1.86× | 1.53× | ||
| Q1 24 | 3.25× | 2.59× |
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% |
EVRG
| Electric Utility Customer Class Residential | $462.9M | 36% |
| Electric Utility Customer Class Commercial | $447.6M | 35% |
| Electric Utility Customer Class Industrial | $164.1M | 13% |
| Electric Utility Customer Class Transmission | $129.4M | 10% |
| Electric Utility Customer Class Wholesale | $69.7M | 5% |
| Electric Utility Customer Class Other Retail | $12.2M | 1% |
| Electric Utility Customer Class Industrial Steam | $5.7M | 0% |
