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Side-by-side financial comparison of DARLING INGREDIENTS INC. (DAR) and COMFORT SYSTEMS USA INC (FIX). Click either name above to swap in a different company.
COMFORT SYSTEMS USA INC is the larger business by last-quarter revenue ($2.6B vs $1.6B, roughly 1.7× DARLING INGREDIENTS INC.). COMFORT SYSTEMS USA INC runs the higher net margin — 12.5% vs 1.2%, a 11.3% gap on every dollar of revenue. On growth, COMFORT SYSTEMS USA INC posted the faster year-over-year revenue change (41.7% vs 10.0%). Over the past eight quarters, COMFORT SYSTEMS USA INC's revenue compounded faster (31.2% 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.
Comfort Systems USA, Inc. is an American company that provides mechanical and electrical contracting services, primarily HVAC, plumbing, piping and controls, off-site construction, monitoring and fire protection, and installation and servicing of electrical systems.
DAR vs FIX — Head-to-Head
Income Statement — Q3 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $1.6B | $2.6B |
| Net Profit | $19.4M | $330.8M |
| Gross Margin | 24.7% | 25.5% |
| Operating Margin | 4.6% | 16.1% |
| Net Margin | 1.2% | 12.5% |
| Revenue YoY | 10.0% | 41.7% |
| Net Profit YoY | 14.2% | 126.8% |
| EPS (diluted) | $0.12 | $9.35 |
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 | — | $2.6B | ||
| Q3 25 | $1.6B | $2.5B | ||
| Q2 25 | $1.5B | $2.2B | ||
| Q1 25 | $1.4B | $1.8B | ||
| Q4 24 | $1.4B | $1.9B | ||
| Q3 24 | $1.4B | $1.8B | ||
| Q2 24 | $1.5B | $1.8B | ||
| Q1 24 | $1.4B | $1.5B |
| Q4 25 | — | $330.8M | ||
| Q3 25 | $19.4M | $291.6M | ||
| Q2 25 | $12.7M | $230.8M | ||
| Q1 25 | $-26.2M | $169.3M | ||
| Q4 24 | $101.9M | $145.9M | ||
| Q3 24 | $16.9M | $146.2M | ||
| Q2 24 | $78.9M | $134.0M | ||
| Q1 24 | $81.2M | $96.3M |
| Q4 25 | — | 25.5% | ||
| Q3 25 | 24.7% | 24.8% | ||
| Q2 25 | 23.3% | 23.5% | ||
| Q1 25 | 22.6% | 22.0% | ||
| Q4 24 | 23.5% | 23.2% | ||
| Q3 24 | 22.1% | 21.1% | ||
| Q2 24 | 22.5% | 20.1% | ||
| Q1 24 | 21.4% | 19.3% |
| Q4 25 | — | 16.1% | ||
| Q3 25 | 4.6% | 15.5% | ||
| Q2 25 | 5.1% | 13.8% | ||
| Q1 25 | 2.1% | 11.4% | ||
| Q4 24 | 8.6% | 12.1% | ||
| Q3 24 | 4.2% | 11.2% | ||
| Q2 24 | 10.2% | 10.2% | ||
| Q1 24 | 9.7% | 8.8% |
| Q4 25 | — | 12.5% | ||
| Q3 25 | 1.2% | 11.9% | ||
| Q2 25 | 0.9% | 10.6% | ||
| Q1 25 | -1.9% | 9.2% | ||
| Q4 24 | 7.2% | 7.8% | ||
| Q3 24 | 1.2% | 8.1% | ||
| Q2 24 | 5.4% | 7.4% | ||
| Q1 24 | 5.7% | 6.3% |
| Q4 25 | — | $9.35 | ||
| Q3 25 | $0.12 | $8.25 | ||
| Q2 25 | $0.08 | $6.53 | ||
| Q1 25 | $-0.16 | $4.75 | ||
| Q4 24 | $0.63 | $4.08 | ||
| Q3 24 | $0.11 | $4.09 | ||
| Q2 24 | $0.49 | $3.74 | ||
| Q1 24 | $0.50 | $2.69 |
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 | $981.9M |
| Total DebtLower is stronger | $4.0B | $145.2M |
| Stockholders' EquityBook value | $4.7B | $2.4B |
| Total Assets | $10.5B | $6.4B |
| Debt / EquityLower = less leverage | 0.86× | 0.06× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $981.9M | ||
| Q3 25 | $91.5M | $860.5M | ||
| Q2 25 | $94.6M | $331.7M | ||
| Q1 25 | $81.5M | $204.8M | ||
| Q4 24 | $76.0M | $549.9M | ||
| Q3 24 | $114.8M | $415.6M | ||
| Q2 24 | $121.6M | $199.4M | ||
| Q1 24 | $145.5M | $100.8M |
| Q4 25 | — | $145.2M | ||
| Q3 25 | $4.0B | $136.0M | ||
| Q2 25 | $3.9B | $73.0M | ||
| Q1 25 | $3.8B | $67.8M | ||
| Q4 24 | $3.9B | $68.3M | ||
| Q3 24 | $4.1B | $62.3M | ||
| Q2 24 | $4.3B | $73.4M | ||
| Q1 24 | $4.4B | $77.0M |
| Q4 25 | — | $2.4B | ||
| Q3 25 | $4.7B | $2.2B | ||
| Q2 25 | $4.6B | $2.0B | ||
| Q1 25 | $4.4B | $1.8B | ||
| 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 | — | $6.4B | ||
| Q3 25 | $10.5B | $5.8B | ||
| Q2 25 | $10.3B | $5.1B | ||
| Q1 25 | $10.0B | $4.6B | ||
| Q4 24 | $10.1B | $4.7B | ||
| Q3 24 | $10.6B | $4.4B | ||
| Q2 24 | $10.6B | $4.2B | ||
| Q1 24 | $10.9B | $3.9B |
| Q4 25 | — | 0.06× | ||
| Q3 25 | 0.86× | 0.06× | ||
| Q2 25 | 0.85× | 0.04× | ||
| Q1 25 | 0.86× | 0.04× | ||
| Q4 24 | 0.89× | 0.04× | ||
| Q3 24 | 0.91× | 0.04× | ||
| Q2 24 | 0.97× | 0.05× | ||
| Q1 24 | 0.95× | 0.06× |
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 | $468.5M |
| Free Cash FlowOCF − Capex | — | $402.4M |
| FCF MarginFCF / Revenue | — | 15.2% |
| Capex IntensityCapex / Revenue | — | 2.5% |
| Cash ConversionOCF / Net Profit | 11.59× | 1.42× |
| TTM Free Cash FlowTrailing 4 quarters | — | $1.0B |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $468.5M | ||
| Q3 25 | $224.3M | $553.3M | ||
| Q2 25 | $145.8M | $252.5M | ||
| Q1 25 | $249.0M | $-88.0M | ||
| Q4 24 | $154.4M | $210.5M | ||
| Q3 24 | $274.5M | $302.2M | ||
| Q2 24 | $146.5M | $189.9M | ||
| Q1 24 | $263.9M | $146.6M |
| Q4 25 | — | $402.4M | ||
| Q3 25 | — | $517.9M | ||
| Q2 25 | — | $221.2M | ||
| Q1 25 | — | $-110.2M | ||
| Q4 24 | — | $169.8M | ||
| Q3 24 | — | $280.1M | ||
| Q2 24 | — | $166.5M | ||
| Q1 24 | — | $121.6M |
| Q4 25 | — | 15.2% | ||
| Q3 25 | — | 21.1% | ||
| Q2 25 | — | 10.2% | ||
| Q1 25 | — | -6.0% | ||
| Q4 24 | — | 9.1% | ||
| Q3 24 | — | 15.5% | ||
| Q2 24 | — | 9.2% | ||
| Q1 24 | — | 7.9% |
| Q4 25 | — | 2.5% | ||
| Q3 25 | — | 1.4% | ||
| Q2 25 | — | 1.4% | ||
| Q1 25 | — | 1.2% | ||
| Q4 24 | — | 2.2% | ||
| Q3 24 | — | 1.2% | ||
| Q2 24 | — | 1.3% | ||
| Q1 24 | — | 1.6% |
| Q4 25 | — | 1.42× | ||
| Q3 25 | 11.59× | 1.90× | ||
| Q2 25 | 11.52× | 1.09× | ||
| Q1 25 | — | -0.52× | ||
| Q4 24 | 1.52× | 1.44× | ||
| Q3 24 | 16.19× | 2.07× | ||
| Q2 24 | 1.86× | 1.42× | ||
| 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% |
FIX
| Electrical Segment | $823.7M | 31% |
| Manufacturing Customer | $542.7M | 21% |
| Existing Building Construction | $491.4M | 19% |
| Healthcare Sector Customer | $220.8M | 8% |
| Service Projects | $153.0M | 6% |
| Education | $137.5M | 5% |
| Government Customer | $131.0M | 5% |
| Office Building Customer | $88.2M | 3% |
| Other Customer | $40.7M | 2% |
| Multi Family And Residential | $33.7M | 1% |
