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Side-by-side financial comparison of DARLING INGREDIENTS INC. (DAR) and Hyatt Hotels Corp (H). Click either name above to swap in a different company.
Hyatt Hotels Corp is the larger business by last-quarter revenue ($1.8B vs $1.6B, roughly 1.1× DARLING INGREDIENTS INC.). DARLING INGREDIENTS INC. runs the higher net margin — 1.2% vs -1.1%, a 2.4% gap on every dollar of revenue. On growth, Hyatt Hotels Corp posted the faster year-over-year revenue change (11.7% vs 10.0%). Over the past eight quarters, Hyatt Hotels Corp's revenue compounded faster (2.2% 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.
Hyatt Hotels Corporation, commonly known as Hyatt Hotels & Resorts, is an American multinational hospitality company headquartered in the Riverside Plaza area of Chicago that manages and franchises luxury and business hotels, resorts, and vacation properties. Hyatt Hotels & Resorts is one of the businesses managed by the Pritzker family. Hyatt has more than 1350 hotels and all-inclusive properties in 69 countries, across North America, South America, Europe, Asia, Africa and Australia.
DAR vs H — Head-to-Head
Income Statement — Q3 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $1.6B | $1.8B |
| Net Profit | $19.4M | $-20.0M |
| Gross Margin | 24.7% | — |
| Operating Margin | 4.6% | 0.4% |
| Net Margin | 1.2% | -1.1% |
| Revenue YoY | 10.0% | 11.7% |
| Net Profit YoY | 14.2% | 64.3% |
| EPS (diluted) | $0.12 | $-0.20 |
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 | — | $1.8B | ||
| Q3 25 | $1.6B | $1.8B | ||
| Q2 25 | $1.5B | $1.8B | ||
| Q1 25 | $1.4B | $1.7B | ||
| Q4 24 | $1.4B | $1.6B | ||
| Q3 24 | $1.4B | $1.6B | ||
| Q2 24 | $1.5B | $1.7B | ||
| Q1 24 | $1.4B | $1.7B |
| Q4 25 | — | $-20.0M | ||
| Q3 25 | $19.4M | $-49.0M | ||
| Q2 25 | $12.7M | $-3.0M | ||
| Q1 25 | $-26.2M | $20.0M | ||
| Q4 24 | $101.9M | $-56.0M | ||
| Q3 24 | $16.9M | $471.0M | ||
| Q2 24 | $78.9M | $359.0M | ||
| Q1 24 | $81.2M | $522.0M |
| 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 | — | 0.4% | ||
| Q3 25 | 4.6% | -1.0% | ||
| Q2 25 | 5.1% | 2.1% | ||
| Q1 25 | 2.1% | 3.0% | ||
| Q4 24 | 8.6% | -3.0% | ||
| Q3 24 | 4.2% | 37.3% | ||
| Q2 24 | 10.2% | 27.1% | ||
| Q1 24 | 9.7% | 31.6% |
| Q4 25 | — | -1.1% | ||
| Q3 25 | 1.2% | -2.7% | ||
| Q2 25 | 0.9% | -0.2% | ||
| Q1 25 | -1.9% | 1.2% | ||
| Q4 24 | 7.2% | -3.5% | ||
| Q3 24 | 1.2% | 28.9% | ||
| Q2 24 | 5.4% | 21.1% | ||
| Q1 24 | 5.7% | 30.5% |
| Q4 25 | — | $-0.20 | ||
| Q3 25 | $0.12 | $-0.51 | ||
| Q2 25 | $0.08 | $-0.03 | ||
| Q1 25 | $-0.16 | $0.19 | ||
| Q4 24 | $0.63 | $-0.37 | ||
| Q3 24 | $0.11 | $4.63 | ||
| Q2 24 | $0.49 | $3.46 | ||
| Q1 24 | $0.50 | $4.93 |
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 | $813.0M |
| Total DebtLower is stronger | $4.0B | — |
| Stockholders' EquityBook value | $4.7B | $3.3B |
| Total Assets | $10.5B | $14.0B |
| Debt / EquityLower = less leverage | 0.86× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $813.0M | ||
| Q3 25 | $91.5M | $749.0M | ||
| Q2 25 | $94.6M | $912.0M | ||
| Q1 25 | $81.5M | $1.8B | ||
| Q4 24 | $76.0M | $1.4B | ||
| Q3 24 | $114.8M | $1.1B | ||
| Q2 24 | $121.6M | $2.0B | ||
| Q1 24 | $145.5M | $794.0M |
| Q4 25 | — | — | ||
| Q3 25 | $4.0B | $6.0B | ||
| Q2 25 | $3.9B | $6.0B | ||
| Q1 25 | $3.8B | $4.3B | ||
| Q4 24 | $3.9B | $3.8B | ||
| Q3 24 | $4.1B | $3.1B | ||
| Q2 24 | $4.3B | $3.9B | ||
| Q1 24 | $4.4B | $3.1B |
| Q4 25 | — | $3.3B | ||
| Q3 25 | $4.7B | $3.5B | ||
| Q2 25 | $4.6B | $3.6B | ||
| Q1 25 | $4.4B | $3.5B | ||
| Q4 24 | $4.4B | $3.5B | ||
| Q3 24 | $4.6B | $3.7B | ||
| Q2 24 | $4.5B | $3.9B | ||
| Q1 24 | $4.6B | $3.7B |
| Q4 25 | — | $14.0B | ||
| Q3 25 | $10.5B | $15.7B | ||
| Q2 25 | $10.3B | $15.9B | ||
| Q1 25 | $10.0B | $14.0B | ||
| Q4 24 | $10.1B | $13.3B | ||
| Q3 24 | $10.6B | $11.9B | ||
| Q2 24 | $10.6B | $12.8B | ||
| Q1 24 | $10.9B | $11.7B |
| Q4 25 | — | — | ||
| Q3 25 | 0.86× | 1.73× | ||
| Q2 25 | 0.85× | 1.69× | ||
| Q1 25 | 0.86× | 1.25× | ||
| Q4 24 | 0.89× | 1.07× | ||
| Q3 24 | 0.91× | 0.85× | ||
| Q2 24 | 0.97× | 1.01× | ||
| Q1 24 | 0.95× | 0.84× |
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 | $313.0M |
| Free Cash FlowOCF − Capex | — | $236.0M |
| FCF MarginFCF / Revenue | — | 13.2% |
| Capex IntensityCapex / Revenue | — | 4.3% |
| Cash ConversionOCF / Net Profit | 11.59× | — |
| TTM Free Cash FlowTrailing 4 quarters | — | $159.0M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $313.0M | ||
| Q3 25 | $224.3M | $-20.0M | ||
| Q2 25 | $145.8M | $-67.0M | ||
| Q1 25 | $249.0M | $153.0M | ||
| Q4 24 | $154.4M | $235.0M | ||
| Q3 24 | $274.5M | $-21.0M | ||
| Q2 24 | $146.5M | $177.0M | ||
| Q1 24 | $263.9M | $242.0M |
| Q4 25 | — | $236.0M | ||
| Q3 25 | — | $-89.0M | ||
| Q2 25 | — | $-111.0M | ||
| Q1 25 | — | $123.0M | ||
| Q4 24 | — | $184.0M | ||
| Q3 24 | — | $-64.0M | ||
| Q2 24 | — | $135.0M | ||
| Q1 24 | — | $208.0M |
| Q4 25 | — | 13.2% | ||
| Q3 25 | — | -5.0% | ||
| Q2 25 | — | -6.1% | ||
| Q1 25 | — | 7.2% | ||
| Q4 24 | — | 11.5% | ||
| Q3 24 | — | -3.9% | ||
| Q2 24 | — | 7.9% | ||
| Q1 24 | — | 12.1% |
| Q4 25 | — | 4.3% | ||
| Q3 25 | — | 3.9% | ||
| Q2 25 | — | 2.4% | ||
| Q1 25 | — | 1.7% | ||
| Q4 24 | — | 3.2% | ||
| Q3 24 | — | 2.6% | ||
| Q2 24 | — | 2.5% | ||
| Q1 24 | — | 2.0% |
| Q4 25 | — | — | ||
| Q3 25 | 11.59× | — | ||
| Q2 25 | 11.52× | — | ||
| Q1 25 | — | 7.65× | ||
| Q4 24 | 1.52× | — | ||
| Q3 24 | 16.19× | -0.04× | ||
| Q2 24 | 1.86× | 0.49× | ||
| Q1 24 | 3.25× | 0.46× |
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% |
H
| Other | $627.0M | 35% |
| Rooms Revenue | $326.0M | 18% |
| Net Fees | $290.0M | 16% |
| Distribution Segment | $177.0M | 10% |
| Franchise And Other Fees | $114.0M | 6% |
| Base Management Fees | $112.0M | 6% |
| Incentive Management Fees | $81.0M | 5% |
| Other Owned And Leased Hotel Revenue | $41.0M | 2% |
| Contra Revenue | $17.0M | 1% |
| Other Revenues | $4.0M | 0% |
