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Side-by-side financial comparison of DARLING INGREDIENTS INC. (DAR) and Expeditors International (EXPD). Click either name above to swap in a different company.
Expeditors International is the larger business by last-quarter revenue ($2.9B vs $1.6B, roughly 1.8× DARLING INGREDIENTS INC.). Expeditors International runs the higher net margin — 7.0% vs 1.2%, a 5.8% gap on every dollar of revenue. On growth, DARLING INGREDIENTS INC. posted the faster year-over-year revenue change (10.0% vs -3.3%). Over the past eight quarters, Expeditors International's revenue compounded faster (13.8% 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.
Expeditors International of Washington, Inc. is an American Fortune 500 service-based logistics company with headquarters in Bellevue, Washington. Expeditors generates highly optimized and customized supply chain solutions for clients with unified technology systems integrated through a global network of over 340+ locations in 100+ countries on six continents.
DAR vs EXPD — Head-to-Head
Income Statement — Q3 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $1.6B | $2.9B |
| Net Profit | $19.4M | $200.7M |
| Gross Margin | 24.7% | — |
| Operating Margin | 4.6% | 8.8% |
| Net Margin | 1.2% | 7.0% |
| Revenue YoY | 10.0% | -3.3% |
| Net Profit YoY | 14.2% | -14.9% |
| EPS (diluted) | $0.12 | $1.50 |
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 | — | $2.9B | ||
| Q3 25 | $1.6B | $2.9B | ||
| Q2 25 | $1.5B | $2.7B | ||
| Q1 25 | $1.4B | $2.7B | ||
| Q4 24 | $1.4B | $3.0B | ||
| Q3 24 | $1.4B | $3.0B | ||
| Q2 24 | $1.5B | $2.4B | ||
| Q1 24 | $1.4B | $2.2B |
| Q4 25 | — | $200.7M | ||
| Q3 25 | $19.4M | $222.3M | ||
| Q2 25 | $12.7M | $183.6M | ||
| Q1 25 | $-26.2M | $203.8M | ||
| Q4 24 | $101.9M | $235.9M | ||
| Q3 24 | $16.9M | $229.6M | ||
| Q2 24 | $78.9M | $175.5M | ||
| Q1 24 | $81.2M | $169.2M |
| 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 | — | 8.8% | ||
| Q3 25 | 4.6% | 10.0% | ||
| Q2 25 | 5.1% | 9.3% | ||
| Q1 25 | 2.1% | 10.0% | ||
| Q4 24 | 8.6% | 10.2% | ||
| Q3 24 | 4.2% | 10.1% | ||
| Q2 24 | 10.2% | 9.2% | ||
| Q1 24 | 9.7% | 9.7% |
| Q4 25 | — | 7.0% | ||
| Q3 25 | 1.2% | 7.7% | ||
| Q2 25 | 0.9% | 6.9% | ||
| Q1 25 | -1.9% | 7.6% | ||
| Q4 24 | 7.2% | 8.0% | ||
| Q3 24 | 1.2% | 7.7% | ||
| Q2 24 | 5.4% | 7.2% | ||
| Q1 24 | 5.7% | 7.7% |
| Q4 25 | — | $1.50 | ||
| Q3 25 | $0.12 | $1.64 | ||
| Q2 25 | $0.08 | $1.34 | ||
| Q1 25 | $-0.16 | $1.47 | ||
| Q4 24 | $0.63 | $1.68 | ||
| Q3 24 | $0.11 | $1.63 | ||
| Q2 24 | $0.49 | $1.24 | ||
| Q1 24 | $0.50 | $1.17 |
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 | $1.3B |
| Total DebtLower is stronger | $4.0B | — |
| Stockholders' EquityBook value | $4.7B | $2.4B |
| Total Assets | $10.5B | $4.9B |
| Debt / EquityLower = less leverage | 0.86× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $1.3B | ||
| Q3 25 | $91.5M | $1.2B | ||
| Q2 25 | $94.6M | $1.2B | ||
| Q1 25 | $81.5M | $1.3B | ||
| Q4 24 | $76.0M | $1.1B | ||
| Q3 24 | $114.8M | $1.3B | ||
| Q2 24 | $121.6M | $1.3B | ||
| 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 | — | $2.4B | ||
| Q3 25 | $4.7B | $2.3B | ||
| Q2 25 | $4.6B | $2.2B | ||
| Q1 25 | $4.4B | $2.3B | ||
| Q4 24 | $4.4B | $2.2B | ||
| Q3 24 | $4.6B | $2.4B | ||
| Q2 24 | $4.5B | $2.2B | ||
| Q1 24 | $4.6B | $2.2B |
| Q4 25 | — | $4.9B | ||
| Q3 25 | $10.5B | $4.8B | ||
| Q2 25 | $10.3B | $4.8B | ||
| Q1 25 | $10.0B | $4.8B | ||
| Q4 24 | $10.1B | $4.8B | ||
| Q3 24 | $10.6B | $5.2B | ||
| Q2 24 | $10.6B | $4.8B | ||
| Q1 24 | $10.9B | $4.5B |
| 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 | $283.3M |
| Free Cash FlowOCF − Capex | — | $270.3M |
| FCF MarginFCF / Revenue | — | 9.5% |
| Capex IntensityCapex / Revenue | — | 0.5% |
| Cash ConversionOCF / Net Profit | 11.59× | 1.41× |
| TTM Free Cash FlowTrailing 4 quarters | — | $953.4M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $283.3M | ||
| Q3 25 | $224.3M | $201.4M | ||
| Q2 25 | $145.8M | $179.2M | ||
| Q1 25 | $249.0M | $342.6M | ||
| Q4 24 | $154.4M | $249.7M | ||
| Q3 24 | $274.5M | $90.0M | ||
| Q2 24 | $146.5M | $126.8M | ||
| Q1 24 | $263.9M | $256.9M |
| Q4 25 | — | $270.3M | ||
| Q3 25 | — | $190.3M | ||
| Q2 25 | — | $163.3M | ||
| Q1 25 | — | $329.5M | ||
| Q4 24 | — | $239.7M | ||
| Q3 24 | — | $77.7M | ||
| Q2 24 | — | $118.8M | ||
| Q1 24 | — | $246.7M |
| Q4 25 | — | 9.5% | ||
| Q3 25 | — | 6.6% | ||
| Q2 25 | — | 6.2% | ||
| Q1 25 | — | 12.4% | ||
| Q4 24 | — | 8.1% | ||
| Q3 24 | — | 2.6% | ||
| Q2 24 | — | 4.9% | ||
| Q1 24 | — | 11.2% |
| Q4 25 | — | 0.5% | ||
| Q3 25 | — | 0.4% | ||
| Q2 25 | — | 0.6% | ||
| Q1 25 | — | 0.5% | ||
| Q4 24 | — | 0.3% | ||
| Q3 24 | — | 0.4% | ||
| Q2 24 | — | 0.3% | ||
| Q1 24 | — | 0.5% |
| Q4 25 | — | 1.41× | ||
| Q3 25 | 11.59× | 0.91× | ||
| Q2 25 | 11.52× | 0.98× | ||
| Q1 25 | — | 1.68× | ||
| Q4 24 | 1.52× | 1.06× | ||
| Q3 24 | 16.19× | 0.39× | ||
| Q2 24 | 1.86× | 0.72× | ||
| Q1 24 | 3.25× | 1.52× |
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% |
EXPD
| Customs Brokerage And Other Services | $1.1B | 40% |
| Airfreight Services | $1.1B | 39% |
| Ocean Freight And Ocean Services | $611.4M | 21% |
