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Side-by-side financial comparison of DARLING INGREDIENTS INC. (DAR) and KEMPER Corp (KMPR). 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× KEMPER Corp). DARLING INGREDIENTS INC. runs the higher net margin — 1.2% vs -0.7%, a 1.9% gap on every dollar of revenue. On growth, DARLING INGREDIENTS INC. posted the faster year-over-year revenue change (10.0% vs -4.7%). Over the past eight quarters, KEMPER Corp's revenue compounded faster (-0.5% 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.

Kemper Corporation is an American insurance provider with corporate headquarters located in Chicago, Illinois. With nearly $13 billion in assets, the Kemper family of companies provides insurance to individuals, families, and businesses.

DAR vs KMPR — Head-to-Head

Bigger by revenue
DAR
DAR
1.4× larger
DAR
$1.6B
$1.1B
KMPR
Growing faster (revenue YoY)
DAR
DAR
+14.7% gap
DAR
10.0%
-4.7%
KMPR
Higher net margin
DAR
DAR
1.9% more per $
DAR
1.2%
-0.7%
KMPR
Faster 2-yr revenue CAGR
KMPR
KMPR
Annualised
KMPR
-0.5%
-1.6%
DAR

Income Statement — Q3 FY2025 vs Q4 FY2025

Metric
DAR
DAR
KMPR
KMPR
Revenue
$1.6B
$1.1B
Net Profit
$19.4M
$-8.0M
Gross Margin
24.7%
Operating Margin
4.6%
Net Margin
1.2%
-0.7%
Revenue YoY
10.0%
-4.7%
Net Profit YoY
14.2%
-108.2%
EPS (diluted)
$0.12
$-0.03

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.

Revenue
DAR
DAR
KMPR
KMPR
Q4 25
$1.1B
Q3 25
$1.6B
$1.2B
Q2 25
$1.5B
$1.2B
Q1 25
$1.4B
$1.2B
Q4 24
$1.4B
$1.2B
Q3 24
$1.4B
$1.2B
Q2 24
$1.5B
$1.1B
Q1 24
$1.4B
$1.1B
Net Profit
DAR
DAR
KMPR
KMPR
Q4 25
$-8.0M
Q3 25
$19.4M
$-21.0M
Q2 25
$12.7M
$72.6M
Q1 25
$-26.2M
$99.7M
Q4 24
$101.9M
$97.4M
Q3 24
$16.9M
$73.7M
Q2 24
$78.9M
$75.4M
Q1 24
$81.2M
$71.3M
Gross Margin
DAR
DAR
KMPR
KMPR
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%
Operating Margin
DAR
DAR
KMPR
KMPR
Q4 25
Q3 25
4.6%
Q2 25
5.1%
Q1 25
2.1%
Q4 24
8.6%
Q3 24
4.2%
11.2%
Q2 24
10.2%
10.1%
Q1 24
9.7%
7.6%
Net Margin
DAR
DAR
KMPR
KMPR
Q4 25
-0.7%
Q3 25
1.2%
-1.7%
Q2 25
0.9%
5.9%
Q1 25
-1.9%
8.4%
Q4 24
7.2%
8.2%
Q3 24
1.2%
6.3%
Q2 24
5.4%
6.7%
Q1 24
5.7%
6.2%
EPS (diluted)
DAR
DAR
KMPR
KMPR
Q4 25
$-0.03
Q3 25
$0.12
$-0.34
Q2 25
$0.08
$1.12
Q1 25
$-0.16
$1.54
Q4 24
$0.63
$1.51
Q3 24
$0.11
$1.14
Q2 24
$0.49
$1.16
Q1 24
$0.50
$1.10

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
DAR
DAR
KMPR
KMPR
Cash + ST InvestmentsLiquidity on hand
$91.5M
Total DebtLower is stronger
$4.0B
$943.5M
Stockholders' EquityBook value
$4.7B
$2.7B
Total Assets
$10.5B
$12.5B
Debt / EquityLower = less leverage
0.86×
0.35×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
DAR
DAR
KMPR
KMPR
Q4 25
Q3 25
$91.5M
$371.2M
Q2 25
$94.6M
$407.6M
Q1 25
$81.5M
$545.3M
Q4 24
$76.0M
$1.0B
Q3 24
$114.8M
$696.9M
Q2 24
$121.6M
$539.1M
Q1 24
$145.5M
$520.7M
Total Debt
DAR
DAR
KMPR
KMPR
Q4 25
$943.5M
Q3 25
$4.0B
$943.1M
Q2 25
$3.9B
$942.6M
Q1 25
$3.8B
$942.1M
Q4 24
$3.9B
$1.4B
Q3 24
$4.1B
$1.4B
Q2 24
$4.3B
$1.4B
Q1 24
$4.4B
$1.4B
Stockholders' Equity
DAR
DAR
KMPR
KMPR
Q4 25
$2.7B
Q3 25
$4.7B
$2.7B
Q2 25
$4.6B
$370.0M
Q1 25
$4.4B
$366.0M
Q4 24
$4.4B
$2.8B
Q3 24
$4.6B
$2.8B
Q2 24
$4.5B
$358.0M
Q1 24
$4.6B
$2.6B
Total Assets
DAR
DAR
KMPR
KMPR
Q4 25
$12.5B
Q3 25
$10.5B
$12.4B
Q2 25
$10.3B
$12.6B
Q1 25
$10.0B
$12.5B
Q4 24
$10.1B
$12.6B
Q3 24
$10.6B
$12.6B
Q2 24
$10.6B
$12.6B
Q1 24
$10.9B
$12.6B
Debt / Equity
DAR
DAR
KMPR
KMPR
Q4 25
0.35×
Q3 25
0.86×
0.35×
Q2 25
0.85×
2.55×
Q1 25
0.86×
2.57×
Q4 24
0.89×
0.50×
Q3 24
0.91×
0.50×
Q2 24
0.97×
3.88×
Q1 24
0.95×
0.54×

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
DAR
DAR
KMPR
KMPR
Operating Cash FlowLast quarter
$224.3M
$175.0M
Free Cash FlowOCF − Capex
$166.2M
FCF MarginFCF / Revenue
14.7%
Capex IntensityCapex / Revenue
0.8%
Cash ConversionOCF / Net Profit
11.59×
TTM Free Cash FlowTrailing 4 quarters
$553.9M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
DAR
DAR
KMPR
KMPR
Q4 25
$175.0M
Q3 25
$224.3M
$139.9M
Q2 25
$145.8M
$89.6M
Q1 25
$249.0M
$180.0M
Q4 24
$154.4M
$175.1M
Q3 24
$274.5M
$141.9M
Q2 24
$146.5M
$22.9M
Q1 24
$263.9M
$43.0M
Free Cash Flow
DAR
DAR
KMPR
KMPR
Q4 25
$166.2M
Q3 25
$133.4M
Q2 25
$82.0M
Q1 25
$172.3M
Q4 24
$165.4M
Q3 24
$131.4M
Q2 24
$5.2M
Q1 24
$27.7M
FCF Margin
DAR
DAR
KMPR
KMPR
Q4 25
14.7%
Q3 25
10.8%
Q2 25
6.7%
Q1 25
14.4%
Q4 24
13.9%
Q3 24
11.1%
Q2 24
0.5%
Q1 24
2.4%
Capex Intensity
DAR
DAR
KMPR
KMPR
Q4 25
0.8%
Q3 25
0.5%
Q2 25
0.6%
Q1 25
0.6%
Q4 24
0.8%
Q3 24
0.9%
Q2 24
1.6%
Q1 24
1.3%
Cash Conversion
DAR
DAR
KMPR
KMPR
Q4 25
Q3 25
11.59×
Q2 25
11.52×
1.23×
Q1 25
1.81×
Q4 24
1.52×
1.80×
Q3 24
16.19×
1.93×
Q2 24
1.86×
0.30×
Q1 24
3.25×
0.60×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

DAR
DAR

Fats$428.4M27%
Food Ingredients$380.6M24%
Diamond Green Diesel Holdings Llc Joint Venture$342.1M22%
Fuel Ingredients$154.3M10%
Used Cooking Oil$125.9M8%
Other Rendering$76.9M5%
Bakery$46.9M3%
Other Products And Services$12.2M1%

KMPR
KMPR

Specialty Property Casualty Insurance Segment$995.1M88%
Life Insurance Segment1$140.7M12%

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