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Side-by-side financial comparison of DARLING INGREDIENTS INC. (DAR) and GUESS INC (GES). Click either name above to swap in a different company.

DARLING INGREDIENTS INC. is the larger business by last-quarter revenue ($1.6B vs $791.4M, roughly 2.0× GUESS INC). GUESS INC runs the higher net margin — 3.2% vs 1.2%, a 2.0% gap on every dollar of revenue. On growth, DARLING INGREDIENTS INC. posted the faster year-over-year revenue change (10.0% vs 7.2%). Over the past eight quarters, DARLING INGREDIENTS INC.'s revenue compounded faster (-1.6% CAGR vs -5.8%).

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.

Guess?, Inc. is an American clothing company, notable for its black-and-white advertisements. It licenses its brand on other fashion accessories, such as watches, jewelry, perfumes, bags and shoes.

DAR vs GES — Head-to-Head

Bigger by revenue
DAR
DAR
2.0× larger
DAR
$1.6B
$791.4M
GES
Growing faster (revenue YoY)
DAR
DAR
+2.8% gap
DAR
10.0%
7.2%
GES
Higher net margin
GES
GES
2.0% more per $
GES
3.2%
1.2%
DAR
Faster 2-yr revenue CAGR
DAR
DAR
Annualised
DAR
-1.6%
-5.8%
GES

Income Statement — Q3 FY2025 vs Q3 FY2026

Metric
DAR
DAR
GES
GES
Revenue
$1.6B
$791.4M
Net Profit
$19.4M
$25.6M
Gross Margin
24.7%
42.5%
Operating Margin
4.6%
2.9%
Net Margin
1.2%
3.2%
Revenue YoY
10.0%
7.2%
Net Profit YoY
14.2%
209.6%
EPS (diluted)
$0.12
$0.48

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.

Revenue
DAR
DAR
GES
GES
Q4 25
$791.4M
Q3 25
$1.6B
$772.9M
Q2 25
$1.5B
$647.8M
Q1 25
$1.4B
$932.3M
Q4 24
$1.4B
$738.5M
Q3 24
$1.4B
$732.6M
Q2 24
$1.5B
$591.9M
Q1 24
$1.4B
$891.0M
Net Profit
DAR
DAR
GES
GES
Q4 25
$25.6M
Q3 25
$19.4M
$6.2M
Q2 25
$12.7M
$-32.9M
Q1 25
$-26.2M
$81.4M
Q4 24
$101.9M
$-23.4M
Q3 24
$16.9M
$-10.6M
Q2 24
$78.9M
$13.0M
Q1 24
$81.2M
$115.3M
Gross Margin
DAR
DAR
GES
GES
Q4 25
42.5%
Q3 25
24.7%
42.5%
Q2 25
23.3%
39.9%
Q1 25
22.6%
44.1%
Q4 24
23.5%
43.6%
Q3 24
22.1%
43.7%
Q2 24
22.5%
41.9%
Q1 24
21.4%
45.4%
Operating Margin
DAR
DAR
GES
GES
Q4 25
2.9%
Q3 25
4.6%
2.3%
Q2 25
5.1%
-5.1%
Q1 25
2.1%
11.1%
Q4 24
8.6%
5.7%
Q3 24
4.2%
6.5%
Q2 24
10.2%
-3.4%
Q1 24
9.7%
16.3%
Net Margin
DAR
DAR
GES
GES
Q4 25
3.2%
Q3 25
1.2%
0.8%
Q2 25
0.9%
-5.1%
Q1 25
-1.9%
8.7%
Q4 24
7.2%
-3.2%
Q3 24
1.2%
-1.4%
Q2 24
5.4%
2.2%
Q1 24
5.7%
12.9%
EPS (diluted)
DAR
DAR
GES
GES
Q4 25
$0.48
Q3 25
$0.12
$0.12
Q2 25
$0.08
$-0.65
Q1 25
$-0.16
$1.29
Q4 24
$0.63
$-0.47
Q3 24
$0.11
$-0.28
Q2 24
$0.49
$0.23
Q1 24
$0.50
$1.90

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
DAR
DAR
GES
GES
Cash + ST InvestmentsLiquidity on hand
$91.5M
$154.2M
Total DebtLower is stronger
$4.0B
$299.5M
Stockholders' EquityBook value
$4.7B
$508.5M
Total Assets
$10.5B
$3.0B
Debt / EquityLower = less leverage
0.86×
0.59×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
DAR
DAR
GES
GES
Q4 25
$154.2M
Q3 25
$91.5M
$189.6M
Q2 25
$94.6M
$151.2M
Q1 25
$81.5M
$187.7M
Q4 24
$76.0M
$140.9M
Q3 24
$114.8M
$218.9M
Q2 24
$121.6M
$241.7M
Q1 24
$145.5M
$360.3M
Total Debt
DAR
DAR
GES
GES
Q4 25
$299.5M
Q3 25
$4.0B
$258.4M
Q2 25
$3.9B
$241.7M
Q1 25
$3.8B
$150.7M
Q4 24
$3.9B
$238.3M
Q3 24
$4.1B
$187.8M
Q2 24
$4.3B
$196.9M
Q1 24
$4.4B
$28.2M
Stockholders' Equity
DAR
DAR
GES
GES
Q4 25
$508.5M
Q3 25
$4.7B
$487.6M
Q2 25
$4.6B
$483.6M
Q1 25
$4.4B
$505.0M
Q4 24
$4.4B
$450.7M
Q3 24
$4.6B
$491.2M
Q2 24
$4.5B
$565.5M
Q1 24
$4.6B
$684.9M
Total Assets
DAR
DAR
GES
GES
Q4 25
$3.0B
Q3 25
$10.5B
$3.0B
Q2 25
$10.3B
$2.9B
Q1 25
$10.0B
$2.8B
Q4 24
$10.1B
$2.8B
Q3 24
$10.6B
$2.8B
Q2 24
$10.6B
$2.7B
Q1 24
$10.9B
$2.6B
Debt / Equity
DAR
DAR
GES
GES
Q4 25
0.59×
Q3 25
0.86×
0.53×
Q2 25
0.85×
0.50×
Q1 25
0.86×
0.30×
Q4 24
0.89×
0.53×
Q3 24
0.91×
0.38×
Q2 24
0.97×
0.35×
Q1 24
0.95×
0.04×

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
DAR
DAR
GES
GES
Operating Cash FlowLast quarter
$224.3M
$-39.5M
Free Cash FlowOCF − Capex
$-56.3M
FCF MarginFCF / Revenue
-7.1%
Capex IntensityCapex / Revenue
2.1%
Cash ConversionOCF / Net Profit
11.59×
-1.54×
TTM Free Cash FlowTrailing 4 quarters
$62.5M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
DAR
DAR
GES
GES
Q4 25
$-39.5M
Q3 25
$224.3M
$74.9M
Q2 25
$145.8M
$-73.4M
Q1 25
$249.0M
$183.2M
Q4 24
$154.4M
$-83.3M
Q3 24
$274.5M
$44.7M
Q2 24
$146.5M
$-22.9M
Q1 24
$263.9M
$289.5M
Free Cash Flow
DAR
DAR
GES
GES
Q4 25
$-56.3M
Q3 25
$53.4M
Q2 25
$-95.3M
Q1 25
$160.7M
Q4 24
$-105.4M
Q3 24
$24.3M
Q2 24
$-44.0M
Q1 24
$267.8M
FCF Margin
DAR
DAR
GES
GES
Q4 25
-7.1%
Q3 25
6.9%
Q2 25
-14.7%
Q1 25
17.2%
Q4 24
-14.3%
Q3 24
3.3%
Q2 24
-7.4%
Q1 24
30.1%
Capex Intensity
DAR
DAR
GES
GES
Q4 25
2.1%
Q3 25
2.8%
Q2 25
3.4%
Q1 25
2.4%
Q4 24
3.0%
Q3 24
2.8%
Q2 24
3.6%
Q1 24
2.4%
Cash Conversion
DAR
DAR
GES
GES
Q4 25
-1.54×
Q3 25
11.59×
12.00×
Q2 25
11.52×
Q1 25
2.25×
Q4 24
1.52×
Q3 24
16.19×
Q2 24
1.86×
-1.76×
Q1 24
3.25×
2.51×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

DAR
DAR

Fats$428.4M27%
Food Ingredients$380.6M24%
Diamond Green Diesel Holdings Llc Joint Venture$342.1M22%
Fuel Ingredients$154.3M10%
Used Cooking Oil$125.9M8%
Other Rendering$76.9M5%
Bakery$46.9M3%
Other Products And Services$12.2M1%

GES
GES

Products$760.3M96%
Royalty$31.1M4%

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