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Side-by-side financial comparison of DARLING INGREDIENTS INC. (DAR) and HERTZ GLOBAL HOLDINGS, INC (HTZ). Click either name above to swap in a different company.
HERTZ GLOBAL HOLDINGS, INC is the larger business by last-quarter revenue ($2.0B vs $1.6B, roughly 1.3× DARLING INGREDIENTS INC.). DARLING INGREDIENTS INC. runs the higher net margin — 1.2% vs -9.6%, a 10.8% gap on every dollar of revenue. On growth, DARLING INGREDIENTS INC. posted the faster year-over-year revenue change (10.0% vs -0.6%). Over the past eight quarters, HERTZ GLOBAL HOLDINGS, INC's revenue compounded faster (-1.3% 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.
Hertz Global Holdings, Inc., known as Hertz, is an American car rental company based in Estero, Florida. The company operates its namesake Hertz brand, along with the brands Dollar Rent A Car, Firefly Car Rental, and Thrifty Car Rental.
DAR vs HTZ — Head-to-Head
Income Statement — Q3 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $1.6B | $2.0B |
| Net Profit | $19.4M | $-194.0M |
| Gross Margin | 24.7% | — |
| Operating Margin | 4.6% | -11.0% |
| Net Margin | 1.2% | -9.6% |
| Revenue YoY | 10.0% | -0.6% |
| Net Profit YoY | 14.2% | 59.5% |
| EPS (diluted) | $0.12 | $-0.46 |
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 | $2.5B | ||
| Q2 25 | $1.5B | $2.2B | ||
| Q1 25 | $1.4B | $1.8B | ||
| Q4 24 | $1.4B | $2.0B | ||
| Q3 24 | $1.4B | $2.6B | ||
| Q2 24 | $1.5B | $2.4B | ||
| Q1 24 | $1.4B | $2.1B |
| Q4 25 | — | $-194.0M | ||
| Q3 25 | $19.4M | $184.0M | ||
| Q2 25 | $12.7M | $-294.0M | ||
| Q1 25 | $-26.2M | $-443.0M | ||
| Q4 24 | $101.9M | $-479.0M | ||
| Q3 24 | $16.9M | $-1.3B | ||
| Q2 24 | $78.9M | $-865.0M | ||
| Q1 24 | $81.2M | $-186.0M |
| 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 | — | -11.0% | ||
| Q3 25 | 4.6% | 9.4% | ||
| Q2 25 | 5.1% | -14.5% | ||
| Q1 25 | 2.1% | -29.0% | ||
| Q4 24 | 8.6% | -27.6% | ||
| Q3 24 | 4.2% | -62.9% | ||
| Q2 24 | 10.2% | -20.1% | ||
| Q1 24 | 9.7% | -27.9% |
| Q4 25 | — | -9.6% | ||
| Q3 25 | 1.2% | 7.4% | ||
| Q2 25 | 0.9% | -13.5% | ||
| Q1 25 | -1.9% | -24.4% | ||
| Q4 24 | 7.2% | -23.5% | ||
| Q3 24 | 1.2% | -51.7% | ||
| Q2 24 | 5.4% | -36.8% | ||
| Q1 24 | 5.7% | -8.9% |
| Q4 25 | — | $-0.46 | ||
| Q3 25 | $0.12 | $0.42 | ||
| Q2 25 | $0.08 | $-0.95 | ||
| Q1 25 | $-0.16 | $-1.44 | ||
| Q4 24 | $0.63 | $-1.57 | ||
| Q3 24 | $0.11 | $-4.34 | ||
| Q2 24 | $0.49 | $-2.82 | ||
| Q1 24 | $0.50 | $-0.61 |
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 | $565.0M |
| Total DebtLower is stronger | $4.0B | — |
| Stockholders' EquityBook value | $4.7B | $-459.0M |
| Total Assets | $10.5B | $22.3B |
| Debt / EquityLower = less leverage | 0.86× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $565.0M | ||
| Q3 25 | $91.5M | $1.1B | ||
| Q2 25 | $94.6M | $503.0M | ||
| Q1 25 | $81.5M | $626.0M | ||
| Q4 24 | $76.0M | $592.0M | ||
| Q3 24 | $114.8M | $501.0M | ||
| Q2 24 | $121.6M | $568.0M | ||
| Q1 24 | $145.5M | $465.0M |
| 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 | — | $-459.0M | ||
| Q3 25 | $4.7B | $-317.0M | ||
| Q2 25 | $4.6B | $-504.0M | ||
| Q1 25 | $4.4B | $-262.0M | ||
| Q4 24 | $4.4B | $153.0M | ||
| Q3 24 | $4.6B | $681.0M | ||
| Q2 24 | $4.5B | $2.0B | ||
| Q1 24 | $4.6B | $2.8B |
| Q4 25 | — | $22.3B | ||
| Q3 25 | $10.5B | $23.0B | ||
| Q2 25 | $10.3B | $23.1B | ||
| Q1 25 | $10.0B | $22.0B | ||
| Q4 24 | $10.1B | $21.8B | ||
| Q3 24 | $10.6B | $23.0B | ||
| Q2 24 | $10.6B | $25.2B | ||
| Q1 24 | $10.9B | $24.3B |
| 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 | $193.0M |
| Free Cash FlowOCF − Capex | — | — |
| FCF MarginFCF / Revenue | — | — |
| Capex IntensityCapex / Revenue | — | — |
| Cash ConversionOCF / Net Profit | 11.59× | — |
| TTM Free Cash FlowTrailing 4 quarters | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $193.0M | ||
| Q3 25 | $224.3M | $835.0M | ||
| Q2 25 | $145.8M | $346.0M | ||
| Q1 25 | $249.0M | $251.0M | ||
| Q4 24 | $154.4M | $414.0M | ||
| Q3 24 | $274.5M | $894.0M | ||
| Q2 24 | $146.5M | $546.0M | ||
| Q1 24 | $263.9M | $370.0M |
| Q4 25 | — | — | ||
| Q3 25 | 11.59× | 4.54× | ||
| Q2 25 | 11.52× | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 1.52× | — | ||
| Q3 24 | 16.19× | — | ||
| Q2 24 | 1.86× | — | ||
| Q1 24 | 3.25× | — |
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% |
HTZ
Segment breakdown not available.
