vs
Side-by-side financial comparison of DARLING INGREDIENTS INC. (DAR) and Invesco (IVZ). Click either name above to swap in a different company.
Invesco is the larger business by last-quarter revenue ($1.7B vs $1.6B, roughly 1.1× DARLING INGREDIENTS INC.). DARLING INGREDIENTS INC. runs the higher net margin — 1.2% vs -58.9%, a 60.1% gap on every dollar of revenue. On growth, DARLING INGREDIENTS INC. posted the faster year-over-year revenue change (10.0% vs 6.2%). Over the past eight quarters, Invesco's revenue compounded faster (7.1% 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.
Invesco Ltd. is an American independent investment management company headquartered in Atlanta, Georgia, with branch offices in 20 countries. Its common stock is a constituent of the S&P 500 and trades on the New York Stock Exchange. Invesco operates under the Invesco, Invesco Perpetual, and Powershares brand names.
DAR vs IVZ — Head-to-Head
Income Statement — Q3 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $1.6B | $1.7B |
| Net Profit | $19.4M | $-995.9M |
| Gross Margin | 24.7% | — |
| Operating Margin | 4.6% | -86.2% |
| Net Margin | 1.2% | -58.9% |
| Revenue YoY | 10.0% | 6.2% |
| Net Profit YoY | 14.2% | -575.8% |
| EPS (diluted) | $0.12 | $-2.61 |
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 | — | $1.7B | ||
| Q3 25 | $1.6B | $1.6B | ||
| Q2 25 | $1.5B | $1.5B | ||
| Q1 25 | $1.4B | $1.5B | ||
| Q4 24 | $1.4B | $1.6B | ||
| Q3 24 | $1.4B | $1.5B | ||
| Q2 24 | $1.5B | $1.5B | ||
| Q1 24 | $1.4B | $1.5B |
| Q4 25 | — | $-995.9M | ||
| Q3 25 | $19.4M | $356.4M | ||
| Q2 25 | $12.7M | $197.4M | ||
| Q1 25 | $-26.2M | $171.1M | ||
| Q4 24 | $101.9M | $209.3M | ||
| Q3 24 | $16.9M | $55.0M | ||
| Q2 24 | $78.9M | $132.2M | ||
| Q1 24 | $81.2M | $141.5M |
| 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 | — | -86.2% | ||
| Q3 25 | 4.6% | 16.5% | ||
| Q2 25 | 5.1% | 14.1% | ||
| Q1 25 | 2.1% | 18.1% | ||
| Q4 24 | 8.6% | 19.6% | ||
| Q3 24 | 4.2% | 6.6% | ||
| Q2 24 | 10.2% | 13.9% | ||
| Q1 24 | 9.7% | 14.4% |
| Q4 25 | — | -58.9% | ||
| Q3 25 | 1.2% | 21.7% | ||
| Q2 25 | 0.9% | 13.0% | ||
| Q1 25 | -1.9% | 11.2% | ||
| Q4 24 | 7.2% | 13.1% | ||
| Q3 24 | 1.2% | 3.6% | ||
| Q2 24 | 5.4% | 8.9% | ||
| Q1 24 | 5.7% | 9.6% |
| Q4 25 | — | $-2.61 | ||
| Q3 25 | $0.12 | $0.66 | ||
| Q2 25 | $0.08 | $-0.03 | ||
| Q1 25 | $-0.16 | $0.38 | ||
| Q4 24 | $0.63 | $0.46 | ||
| Q3 24 | $0.11 | $0.12 | ||
| Q2 24 | $0.49 | $0.29 | ||
| Q1 24 | $0.50 | $0.31 |
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 | $1.0B |
| Total DebtLower is stronger | $4.0B | $1.8B |
| Stockholders' EquityBook value | $4.7B | $12.2B |
| Total Assets | $10.5B | $27.1B |
| Debt / EquityLower = less leverage | 0.86× | 0.15× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $1.0B | ||
| Q3 25 | $91.5M | $973.1M | ||
| Q2 25 | $94.6M | $922.7M | ||
| Q1 25 | $81.5M | $821.7M | ||
| Q4 24 | $76.0M | $986.5M | ||
| Q3 24 | $114.8M | $1.0B | ||
| Q2 24 | $121.6M | $878.5M | ||
| Q1 24 | $145.5M | $895.7M |
| Q4 25 | — | $1.8B | ||
| Q3 25 | $4.0B | $1.6B | ||
| Q2 25 | $3.9B | $1.9B | ||
| Q1 25 | $3.8B | $964.8M | ||
| Q4 24 | $3.9B | $890.6M | ||
| Q3 24 | $4.1B | $890.3M | ||
| Q2 24 | $4.3B | $890.1M | ||
| Q1 24 | $4.4B | $1.3B |
| Q4 25 | — | $12.2B | ||
| Q3 25 | $4.7B | $14.0B | ||
| Q2 25 | $4.6B | $13.9B | ||
| Q1 25 | $4.4B | $14.7B | ||
| Q4 24 | $4.4B | $14.6B | ||
| Q3 24 | $4.6B | $14.8B | ||
| Q2 24 | $4.5B | $14.6B | ||
| Q1 24 | $4.6B | $14.6B |
| Q4 25 | — | $27.1B | ||
| Q3 25 | $10.5B | $28.4B | ||
| Q2 25 | $10.3B | $28.5B | ||
| Q1 25 | $10.0B | $28.1B | ||
| Q4 24 | $10.1B | $27.0B | ||
| Q3 24 | $10.6B | $27.5B | ||
| Q2 24 | $10.6B | $27.2B | ||
| Q1 24 | $10.9B | $28.1B |
| Q4 25 | — | 0.15× | ||
| Q3 25 | 0.86× | 0.12× | ||
| Q2 25 | 0.85× | 0.14× | ||
| Q1 25 | 0.86× | 0.07× | ||
| Q4 24 | 0.89× | 0.06× | ||
| Q3 24 | 0.91× | 0.06× | ||
| Q2 24 | 0.97× | 0.06× | ||
| Q1 24 | 0.95× | 0.09× |
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 | $455.8M |
| Free Cash FlowOCF − Capex | — | $432.2M |
| FCF MarginFCF / Revenue | — | 25.5% |
| Capex IntensityCapex / Revenue | — | 1.4% |
| Cash ConversionOCF / Net Profit | 11.59× | — |
| TTM Free Cash FlowTrailing 4 quarters | — | $1.4B |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $455.8M | ||
| Q3 25 | $224.3M | $606.2M | ||
| Q2 25 | $145.8M | $547.9M | ||
| Q1 25 | $249.0M | $-84.6M | ||
| Q4 24 | $154.4M | $316.9M | ||
| Q3 24 | $274.5M | $438.4M | ||
| Q2 24 | $146.5M | $489.1M | ||
| Q1 24 | $263.9M | $-54.4M |
| Q4 25 | — | $432.2M | ||
| Q3 25 | — | $586.4M | ||
| Q2 25 | — | $530.4M | ||
| Q1 25 | — | $-108.0M | ||
| Q4 24 | — | $309.9M | ||
| Q3 24 | — | $410.0M | ||
| Q2 24 | — | $462.4M | ||
| Q1 24 | — | $-75.4M |
| Q4 25 | — | 25.5% | ||
| Q3 25 | — | 35.7% | ||
| Q2 25 | — | 35.0% | ||
| Q1 25 | — | -7.1% | ||
| Q4 24 | — | 19.5% | ||
| Q3 24 | — | 27.1% | ||
| Q2 24 | — | 31.2% | ||
| Q1 24 | — | -5.1% |
| Q4 25 | — | 1.4% | ||
| Q3 25 | — | 1.2% | ||
| Q2 25 | — | 1.2% | ||
| Q1 25 | — | 1.5% | ||
| Q4 24 | — | 0.4% | ||
| Q3 24 | — | 1.9% | ||
| Q2 24 | — | 1.8% | ||
| Q1 24 | — | 1.4% |
| Q4 25 | — | — | ||
| Q3 25 | 11.59× | 1.70× | ||
| Q2 25 | 11.52× | 2.78× | ||
| Q1 25 | — | -0.49× | ||
| Q4 24 | 1.52× | 1.51× | ||
| Q3 24 | 16.19× | 7.97× | ||
| Q2 24 | 1.86× | 3.70× | ||
| Q1 24 | 3.25× | -0.38× |
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% |
IVZ
| Investment Advice | $1.2B | 73% |
| Distribution And Shareholder Service | $382.7M | 23% |
| Financial Service Other | $51.0M | 3% |
| Investment Performance | $28.9M | 2% |
