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Side-by-side financial comparison of DARLING INGREDIENTS INC. (DAR) and First American Financial Corp (FAF). Click either name above to swap in a different company.
First American Financial Corp is the larger business by last-quarter revenue ($2.0B vs $1.6B, roughly 1.3× DARLING INGREDIENTS INC.). First American Financial Corp runs the higher net margin — 10.3% vs 1.2%, a 9.1% gap on every dollar of revenue. On growth, First American Financial Corp posted the faster year-over-year revenue change (21.6% vs 10.0%). Over the past eight quarters, First American Financial Corp's revenue compounded faster (19.9% 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.
First American Financial Corporation is an American financial services company which provides title insurance and settlement services to the real estate and mortgage industries.
DAR vs FAF — Head-to-Head
Income Statement — Q3 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $1.6B | $2.0B |
| Net Profit | $19.4M | $211.9M |
| Gross Margin | 24.7% | — |
| Operating Margin | 4.6% | 14.0% |
| Net Margin | 1.2% | 10.3% |
| Revenue YoY | 10.0% | 21.6% |
| Net Profit YoY | 14.2% | 192.7% |
| EPS (diluted) | $0.12 | $2.04 |
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 | — | $2.0B | ||
| Q3 25 | $1.6B | $2.0B | ||
| Q2 25 | $1.5B | $1.8B | ||
| Q1 25 | $1.4B | $1.6B | ||
| Q4 24 | $1.4B | $1.7B | ||
| Q3 24 | $1.4B | $1.4B | ||
| Q2 24 | $1.5B | $1.6B | ||
| Q1 24 | $1.4B | $1.4B |
| Q4 25 | — | $211.9M | ||
| Q3 25 | $19.4M | $189.6M | ||
| Q2 25 | $12.7M | $146.1M | ||
| Q1 25 | $-26.2M | $74.2M | ||
| Q4 24 | $101.9M | $72.4M | ||
| Q3 24 | $16.9M | $-104.0M | ||
| Q2 24 | $78.9M | $116.0M | ||
| Q1 24 | $81.2M | $46.7M |
| 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 | — | 14.0% | ||
| Q3 25 | 4.6% | 12.5% | ||
| Q2 25 | 5.1% | 10.6% | ||
| Q1 25 | 2.1% | 6.1% | ||
| Q4 24 | 8.6% | 5.9% | ||
| Q3 24 | 4.2% | -10.3% | ||
| Q2 24 | 10.2% | 9.4% | ||
| Q1 24 | 9.7% | 4.1% |
| Q4 25 | — | 10.3% | ||
| Q3 25 | 1.2% | 9.6% | ||
| Q2 25 | 0.9% | 7.9% | ||
| Q1 25 | -1.9% | 4.7% | ||
| Q4 24 | 7.2% | 4.3% | ||
| Q3 24 | 1.2% | -7.4% | ||
| Q2 24 | 5.4% | 7.2% | ||
| Q1 24 | 5.7% | 3.3% |
| Q4 25 | — | $2.04 | ||
| Q3 25 | $0.12 | $1.84 | ||
| Q2 25 | $0.08 | $1.41 | ||
| Q1 25 | $-0.16 | $0.71 | ||
| Q4 24 | $0.63 | $0.70 | ||
| Q3 24 | $0.11 | $-1.00 | ||
| Q2 24 | $0.49 | $1.11 | ||
| Q1 24 | $0.50 | $0.45 |
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 | $1.4B |
| Total DebtLower is stronger | $4.0B | — |
| Stockholders' EquityBook value | $4.7B | $5.5B |
| Total Assets | $10.5B | $16.2B |
| Debt / EquityLower = less leverage | 0.86× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $1.4B | ||
| Q3 25 | $91.5M | $2.9B | ||
| Q2 25 | $94.6M | $2.0B | ||
| Q1 25 | $81.5M | $2.0B | ||
| Q4 24 | $76.0M | $1.7B | ||
| Q3 24 | $114.8M | $3.0B | ||
| Q2 24 | $121.6M | $2.0B | ||
| Q1 24 | $145.5M | $1.5B |
| 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 | — | $5.5B | ||
| Q3 25 | $4.7B | $5.3B | ||
| Q2 25 | $4.6B | $5.1B | ||
| Q1 25 | $4.4B | $5.0B | ||
| Q4 24 | $4.4B | $4.9B | ||
| Q3 24 | $4.6B | $5.1B | ||
| Q2 24 | $4.5B | $4.8B | ||
| Q1 24 | $4.6B | $4.8B |
| Q4 25 | — | $16.2B | ||
| Q3 25 | $10.5B | $17.6B | ||
| Q2 25 | $10.3B | $16.3B | ||
| Q1 25 | $10.0B | $15.5B | ||
| Q4 24 | $10.1B | $14.9B | ||
| Q3 24 | $10.6B | $16.6B | ||
| Q2 24 | $10.6B | $15.2B | ||
| Q1 24 | $10.9B | $14.7B |
| 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 | $369.3M |
| Free Cash FlowOCF − Capex | — | $324.5M |
| FCF MarginFCF / Revenue | — | 15.8% |
| Capex IntensityCapex / Revenue | — | 2.2% |
| Cash ConversionOCF / Net Profit | 11.59× | 1.74× |
| TTM Free Cash FlowTrailing 4 quarters | — | $762.5M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $369.3M | ||
| Q3 25 | $224.3M | $272.5M | ||
| Q2 25 | $145.8M | $361.8M | ||
| Q1 25 | $249.0M | $-52.8M | ||
| Q4 24 | $154.4M | $324.6M | ||
| Q3 24 | $274.5M | $236.9M | ||
| Q2 24 | $146.5M | $266.7M | ||
| Q1 24 | $263.9M | $69.3M |
| Q4 25 | — | $324.5M | ||
| Q3 25 | — | $223.1M | ||
| Q2 25 | — | $309.4M | ||
| Q1 25 | — | $-94.5M | ||
| Q4 24 | — | $266.2M | ||
| Q3 24 | — | $185.4M | ||
| Q2 24 | — | $210.0M | ||
| Q1 24 | — | $17.6M |
| Q4 25 | — | 15.8% | ||
| Q3 25 | — | 11.3% | ||
| Q2 25 | — | 16.8% | ||
| Q1 25 | — | -6.0% | ||
| Q4 24 | — | 15.8% | ||
| Q3 24 | — | 13.2% | ||
| Q2 24 | — | 13.0% | ||
| Q1 24 | — | 1.2% |
| Q4 25 | — | 2.2% | ||
| Q3 25 | — | 2.5% | ||
| Q2 25 | — | 2.8% | ||
| Q1 25 | — | 2.6% | ||
| Q4 24 | — | 3.5% | ||
| Q3 24 | — | 3.7% | ||
| Q2 24 | — | 3.5% | ||
| Q1 24 | — | 3.6% |
| Q4 25 | — | 1.74× | ||
| Q3 25 | 11.59× | 1.44× | ||
| Q2 25 | 11.52× | 2.48× | ||
| Q1 25 | — | -0.71× | ||
| Q4 24 | 1.52× | 4.48× | ||
| Q3 24 | 16.19× | — | ||
| Q2 24 | 1.86× | 2.30× | ||
| Q1 24 | 3.25× | 1.48× |
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% |
FAF
| Title Insurance And Services | $1.9B | 94% |
| Home Warranty | $110.3M | 5% |
