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Side-by-side financial comparison of DARLING INGREDIENTS INC. (DAR) and iHeartMedia, Inc. (IHRT). Click either name above to swap in a different company.
DARLING INGREDIENTS INC. is the larger business by last-quarter revenue ($1.6B vs $1.1B, roughly 1.4× iHeartMedia, Inc.). DARLING INGREDIENTS INC. runs the higher net margin — 1.2% vs -3.7%, a 5.0% gap on every dollar of revenue. On growth, DARLING INGREDIENTS INC. posted the faster year-over-year revenue change (10.0% vs 0.8%). Over the past eight quarters, iHeartMedia, Inc.'s revenue compounded faster (18.8% 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.
iHeartMedia, Inc., or CC Media Holdings, Inc., is an American mass media corporation headquartered in San Antonio, Texas. It is the holding company of iHeartCommunications, Inc., formerly Clear Channel Communications, Inc., a company founded by Lowry Mays and Red McCombs in 1972, and later taken private by Bain Capital and Thomas H. Lee Partners in a leveraged buyout in 2008.
DAR vs IHRT — Head-to-Head
Income Statement — Q3 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $1.6B | $1.1B |
| Net Profit | $19.4M | $-41.9M |
| Gross Margin | 24.7% | — |
| Operating Margin | 4.6% | 7.6% |
| Net Margin | 1.2% | -3.7% |
| Revenue YoY | 10.0% | 0.8% |
| Net Profit YoY | 14.2% | -233.1% |
| EPS (diluted) | $0.12 | $-0.25 |
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 | — | $1.1B | ||
| Q3 25 | $1.6B | $997.0M | ||
| Q2 25 | $1.5B | $933.7M | ||
| Q1 25 | $1.4B | $807.1M | ||
| Q4 24 | $1.4B | $1.1B | ||
| Q3 24 | $1.4B | $1.0B | ||
| Q2 24 | $1.5B | $929.1M | ||
| Q1 24 | $1.4B | $799.0M |
| Q4 25 | — | $-41.9M | ||
| Q3 25 | $19.4M | $-66.3M | ||
| Q2 25 | $12.7M | $-83.5M | ||
| Q1 25 | $-26.2M | $-281.2M | ||
| Q4 24 | $101.9M | $31.5M | ||
| Q3 24 | $16.9M | $-41.3M | ||
| Q2 24 | $78.9M | $-981.7M | ||
| Q1 24 | $81.2M | $-18.5M |
| 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 | — | 7.6% | ||
| Q3 25 | 4.6% | -11.7% | ||
| Q2 25 | 5.1% | 3.8% | ||
| Q1 25 | 2.1% | -3.2% | ||
| Q4 24 | 8.6% | 9.3% | ||
| Q3 24 | 4.2% | 7.6% | ||
| Q2 24 | 10.2% | -97.9% | ||
| Q1 24 | 9.7% | -4.3% |
| Q4 25 | — | -3.7% | ||
| Q3 25 | 1.2% | -6.6% | ||
| Q2 25 | 0.9% | -8.9% | ||
| Q1 25 | -1.9% | -34.8% | ||
| Q4 24 | 7.2% | 2.8% | ||
| Q3 24 | 1.2% | -4.1% | ||
| Q2 24 | 5.4% | -105.7% | ||
| Q1 24 | 5.7% | -2.3% |
| Q4 25 | — | $-0.25 | ||
| Q3 25 | $0.12 | $-0.43 | ||
| Q2 25 | $0.08 | $-0.54 | ||
| Q1 25 | $-0.16 | $-1.84 | ||
| Q4 24 | $0.63 | $0.21 | ||
| Q3 24 | $0.11 | $-0.27 | ||
| Q2 24 | $0.49 | $-6.50 | ||
| Q1 24 | $0.50 | $-0.12 |
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 | $270.9M |
| Total DebtLower is stronger | $4.0B | $5.1B |
| Stockholders' EquityBook value | $4.7B | $-1.8B |
| Total Assets | $10.5B | $5.1B |
| Debt / EquityLower = less leverage | 0.86× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $270.9M | ||
| Q3 25 | $91.5M | $192.2M | ||
| Q2 25 | $94.6M | $235.9M | ||
| Q1 25 | $81.5M | $167.7M | ||
| Q4 24 | $76.0M | $259.6M | ||
| Q3 24 | $114.8M | $431.8M | ||
| Q2 24 | $121.6M | $364.7M | ||
| Q1 24 | $145.5M | $361.4M |
| Q4 25 | — | $5.1B | ||
| Q3 25 | $4.0B | $5.1B | ||
| Q2 25 | $3.9B | $5.1B | ||
| Q1 25 | $3.8B | $5.1B | ||
| Q4 24 | $3.9B | $5.1B | ||
| Q3 24 | $4.1B | $5.2B | ||
| Q2 24 | $4.3B | $5.2B | ||
| Q1 24 | $4.4B | $5.1B |
| Q4 25 | — | $-1.8B | ||
| Q3 25 | $4.7B | $-1.8B | ||
| Q2 25 | $4.6B | $-1.7B | ||
| Q1 25 | $4.4B | $-1.6B | ||
| Q4 24 | $4.4B | $-1.4B | ||
| Q3 24 | $4.6B | $-1.4B | ||
| Q2 24 | $4.5B | $-1.4B | ||
| Q1 24 | $4.6B | $-398.6M |
| Q4 25 | — | $5.1B | ||
| Q3 25 | $10.5B | $5.1B | ||
| Q2 25 | $10.3B | $5.4B | ||
| Q1 25 | $10.0B | $5.3B | ||
| Q4 24 | $10.1B | $5.6B | ||
| Q3 24 | $10.6B | $5.8B | ||
| Q2 24 | $10.6B | $5.8B | ||
| Q1 24 | $10.9B | $6.8B |
| 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 | $156.3M |
| Free Cash FlowOCF − Capex | — | $137.6M |
| FCF MarginFCF / Revenue | — | 12.2% |
| Capex IntensityCapex / Revenue | — | 1.7% |
| Cash ConversionOCF / Net Profit | 11.59× | — |
| TTM Free Cash FlowTrailing 4 quarters | — | $10.9M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $156.3M | ||
| Q3 25 | $224.3M | $-9.5M | ||
| Q2 25 | $145.8M | $6.8M | ||
| Q1 25 | $249.0M | $-60.9M | ||
| Q4 24 | $154.4M | $1.2M | ||
| Q3 24 | $274.5M | $102.8M | ||
| Q2 24 | $146.5M | $26.7M | ||
| Q1 24 | $263.9M | $-59.3M |
| Q4 25 | — | $137.6M | ||
| Q3 25 | — | $-32.8M | ||
| Q2 25 | — | $-13.2M | ||
| Q1 25 | — | $-80.7M | ||
| Q4 24 | — | $-24.2M | ||
| Q3 24 | — | $73.3M | ||
| Q2 24 | — | $5.6M | ||
| Q1 24 | — | $-80.9M |
| Q4 25 | — | 12.2% | ||
| Q3 25 | — | -3.3% | ||
| Q2 25 | — | -1.4% | ||
| Q1 25 | — | -10.0% | ||
| Q4 24 | — | -2.2% | ||
| Q3 24 | — | 7.3% | ||
| Q2 24 | — | 0.6% | ||
| Q1 24 | — | -10.1% |
| Q4 25 | — | 1.7% | ||
| Q3 25 | — | 2.3% | ||
| Q2 25 | — | 2.1% | ||
| Q1 25 | — | 2.4% | ||
| Q4 24 | — | 2.3% | ||
| Q3 24 | — | 2.9% | ||
| Q2 24 | — | 2.3% | ||
| Q1 24 | — | 2.7% |
| Q4 25 | — | — | ||
| Q3 25 | 11.59× | — | ||
| Q2 25 | 11.52× | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 1.52× | 0.04× | ||
| 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% |
IHRT
| Broadcast Radio | $469.9M | 42% |
| Digital Non Podcast | $212.9M | 19% |
| Tradeand Barter Transactions | $124.4M | 11% |
| Networks | $118.2M | 10% |
| Audio And Media Services Group Segment | $78.9M | 7% |
| Sponsorship And Events | $71.4M | 6% |
| Advertising Trade And Barter Transactions | $23.7M | 2% |
| Other | $22.7M | 2% |
