vs
Side-by-side financial comparison of DARLING INGREDIENTS INC. (DAR) and Huntington Ingalls Industries (HII). Click either name above to swap in a different company.
Huntington Ingalls Industries is the larger business by last-quarter revenue ($1.7B vs $1.6B, roughly 1.1× DARLING INGREDIENTS INC.). Huntington Ingalls Industries runs the higher net margin — 8.9% vs 1.2%, a 7.7% gap on every dollar of revenue. On growth, Huntington Ingalls Industries posted the faster year-over-year revenue change (13.8% vs 10.0%). Over the past eight quarters, DARLING INGREDIENTS INC.'s revenue compounded faster (-1.6% CAGR vs -25.2%).
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.
Huntington Ingalls Industries, Inc. (HII) is the largest military shipbuilding company in the United States as well as a provider of professional services to partners in government and industry. HII was formed on 31 March 2011, as a divestiture from Northrop Grumman.
DAR vs HII — Head-to-Head
Income Statement — Q3 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $1.6B | $1.7B |
| Net Profit | $19.4M | $149.0M |
| Gross Margin | 24.7% | — |
| Operating Margin | 4.6% | 9.3% |
| Net Margin | 1.2% | 8.9% |
| Revenue YoY | 10.0% | 13.8% |
| Net Profit YoY | 14.2% | — |
| EPS (diluted) | $0.12 | $3.79 |
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.
| Q1 26 | — | $1.7B | ||
| Q4 25 | — | $3.5B | ||
| Q3 25 | $1.6B | $3.2B | ||
| Q2 25 | $1.5B | $3.1B | ||
| Q1 25 | $1.4B | $2.7B | ||
| Q4 24 | $1.4B | $3.0B | ||
| Q3 24 | $1.4B | $2.7B | ||
| Q2 24 | $1.5B | $3.0B |
| Q1 26 | — | $149.0M | ||
| Q4 25 | — | $159.0M | ||
| Q3 25 | $19.4M | $145.0M | ||
| Q2 25 | $12.7M | $152.0M | ||
| Q1 25 | $-26.2M | $149.0M | ||
| Q4 24 | $101.9M | $123.0M | ||
| Q3 24 | $16.9M | $101.0M | ||
| Q2 24 | $78.9M | $173.0M |
| Q1 26 | — | — | ||
| 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 26 | — | 9.3% | ||
| Q4 25 | — | 4.9% | ||
| Q3 25 | 4.6% | 5.0% | ||
| Q2 25 | 5.1% | 5.3% | ||
| Q1 25 | 2.1% | 5.9% | ||
| Q4 24 | 8.6% | 3.7% | ||
| Q3 24 | 4.2% | 3.0% | ||
| Q2 24 | 10.2% | 6.3% |
| Q1 26 | — | 8.9% | ||
| Q4 25 | — | 4.6% | ||
| Q3 25 | 1.2% | 4.5% | ||
| Q2 25 | 0.9% | 4.9% | ||
| Q1 25 | -1.9% | 5.4% | ||
| Q4 24 | 7.2% | 4.1% | ||
| Q3 24 | 1.2% | 3.7% | ||
| Q2 24 | 5.4% | 5.8% |
| Q1 26 | — | $3.79 | ||
| Q4 25 | — | $4.06 | ||
| Q3 25 | $0.12 | $3.68 | ||
| Q2 25 | $0.08 | $3.86 | ||
| Q1 25 | $-0.16 | $3.79 | ||
| Q4 24 | $0.63 | $3.15 | ||
| Q3 24 | $0.11 | $2.56 | ||
| Q2 24 | $0.49 | $4.38 |
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 | $216.0M |
| Total DebtLower is stronger | $4.0B | $2.7B |
| Stockholders' EquityBook value | $4.7B | $5.1B |
| Total Assets | $10.5B | $12.5B |
| Debt / EquityLower = less leverage | 0.86× | 0.52× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $216.0M | ||
| Q4 25 | — | — | ||
| Q3 25 | $91.5M | — | ||
| Q2 25 | $94.6M | — | ||
| Q1 25 | $81.5M | — | ||
| Q4 24 | $76.0M | — | ||
| Q3 24 | $114.8M | — | ||
| Q2 24 | $121.6M | — |
| Q1 26 | — | $2.7B | ||
| Q4 25 | — | $2.7B | ||
| Q3 25 | $4.0B | — | ||
| Q2 25 | $3.9B | — | ||
| Q1 25 | $3.8B | — | ||
| Q4 24 | $3.9B | $2.7B | ||
| Q3 24 | $4.1B | — | ||
| Q2 24 | $4.3B | — |
| Q1 26 | — | $5.1B | ||
| Q4 25 | — | $5.1B | ||
| Q3 25 | $4.7B | $5.0B | ||
| Q2 25 | $4.6B | $4.9B | ||
| Q1 25 | $4.4B | $4.8B | ||
| Q4 24 | $4.4B | $4.7B | ||
| Q3 24 | $4.6B | $4.2B | ||
| Q2 24 | $4.5B | $4.2B |
| Q1 26 | — | $12.5B | ||
| Q4 25 | — | $12.7B | ||
| Q3 25 | $10.5B | $12.3B | ||
| Q2 25 | $10.3B | $12.1B | ||
| Q1 25 | $10.0B | $12.1B | ||
| Q4 24 | $10.1B | $12.1B | ||
| Q3 24 | $10.6B | $11.1B | ||
| Q2 24 | $10.6B | $11.3B |
| Q1 26 | — | 0.52× | ||
| Q4 25 | — | 0.53× | ||
| Q3 25 | 0.86× | — | ||
| Q2 25 | 0.85× | — | ||
| Q1 25 | 0.86× | — | ||
| Q4 24 | 0.89× | 0.58× | ||
| Q3 24 | 0.91× | — | ||
| Q2 24 | 0.97× | — |
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 | $-390.0M |
| Free Cash FlowOCF − Capex | — | $-461.0M |
| FCF MarginFCF / Revenue | — | -27.7% |
| Capex IntensityCapex / Revenue | — | 4.4% |
| Cash ConversionOCF / Net Profit | 11.59× | -2.62× |
| TTM Free Cash FlowTrailing 4 quarters | — | $795.0M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $-390.0M | ||
| Q4 25 | — | $650.0M | ||
| Q3 25 | $224.3M | $118.0M | ||
| Q2 25 | $145.8M | $823.0M | ||
| Q1 25 | $249.0M | $-395.0M | ||
| Q4 24 | $154.4M | $391.0M | ||
| Q3 24 | $274.5M | $213.0M | ||
| Q2 24 | $146.5M | $-9.0M |
| Q1 26 | — | $-461.0M | ||
| Q4 25 | — | $516.0M | ||
| Q3 25 | — | $13.0M | ||
| Q2 25 | — | $727.0M | ||
| Q1 25 | — | $-462.0M | ||
| Q4 24 | — | $277.0M | ||
| Q3 24 | — | $125.0M | ||
| Q2 24 | — | $-99.0M |
| Q1 26 | — | -27.7% | ||
| Q4 25 | — | 14.8% | ||
| Q3 25 | — | 0.4% | ||
| Q2 25 | — | 23.6% | ||
| Q1 25 | — | -16.9% | ||
| Q4 24 | — | 9.2% | ||
| Q3 24 | — | 4.5% | ||
| Q2 24 | — | -3.3% |
| Q1 26 | — | 4.4% | ||
| Q4 25 | — | 3.9% | ||
| Q3 25 | — | 3.3% | ||
| Q2 25 | — | 3.1% | ||
| Q1 25 | — | 2.5% | ||
| Q4 24 | — | 3.8% | ||
| Q3 24 | — | 3.2% | ||
| Q2 24 | — | 3.0% |
| Q1 26 | — | -2.62× | ||
| Q4 25 | — | 4.09× | ||
| Q3 25 | 11.59× | 0.81× | ||
| Q2 25 | 11.52× | 5.41× | ||
| Q1 25 | — | -2.65× | ||
| Q4 24 | 1.52× | 3.18× | ||
| Q3 24 | 16.19× | 2.11× | ||
| Q2 24 | 1.86× | -0.05× |
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% |
HII
Segment breakdown not available.
