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Side-by-side financial comparison of DARLING INGREDIENTS INC. (DAR) and Coca-Cola Company (The) (KO). Click either name above to swap in a different company.
Coca-Cola Company (The) is the larger business by last-quarter revenue ($11.8B vs $1.6B, roughly 7.6× DARLING INGREDIENTS INC.). Coca-Cola Company (The) runs the higher net margin — 19.2% vs 1.2%, a 18.0% gap on every dollar of revenue. On growth, DARLING INGREDIENTS INC. posted the faster year-over-year revenue change (10.0% vs 2.4%). Over the past eight quarters, Coca-Cola Company (The)'s revenue compounded faster (2.3% 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.
The Coca-Cola Company is an American multinational corporation founded in 1892 headquartered in Atlanta, Georgia. It manufactures, sells and markets soft drinks including Coca-Cola, other non-alcoholic beverage concentrates and syrups, and alcoholic beverages. Its stock is listed on the New York Stock Exchange and is a component of the DJIA and the S&P 500 and S&P 100 indices.
DAR vs KO — Head-to-Head
Income Statement — Q3 2026 vs Q4 2025
| Metric | | |
|---|---|---|
| Revenue | $1.6B | $11.8B |
| Net Profit | $19.4M | $2.3B |
| Gross Margin | 24.7% | 60.0% |
| Operating Margin | 4.6% | 15.6% |
| Net Margin | 1.2% | 19.2% |
| Revenue YoY | 10.0% | 2.4% |
| Net Profit YoY | 14.2% | 3.5% |
| EPS (diluted) | $0.12 | $0.53 |
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 | — | $11.8B | ||
| Q3 25 | $1.6B | $12.5B | ||
| Q2 25 | $1.5B | $12.5B | ||
| Q1 25 | $1.4B | $11.1B | ||
| Q4 24 | $1.4B | $11.5B | ||
| Q3 24 | $1.4B | $11.9B | ||
| Q2 24 | $1.5B | $12.4B | ||
| Q1 24 | $1.4B | $11.3B |
| Q4 25 | — | $2.3B | ||
| Q3 25 | $19.4M | $3.7B | ||
| Q2 25 | $12.7M | $3.8B | ||
| Q1 25 | $-26.2M | $3.3B | ||
| Q4 24 | $101.9M | $2.2B | ||
| Q3 24 | $16.9M | $2.8B | ||
| Q2 24 | $78.9M | $2.4B | ||
| Q1 24 | $81.2M | $3.2B |
| Q4 25 | — | 60.0% | ||
| Q3 25 | 24.7% | 61.5% | ||
| Q2 25 | 23.3% | 62.4% | ||
| Q1 25 | 22.6% | 62.6% | ||
| Q4 24 | 23.5% | 60.0% | ||
| Q3 24 | 22.1% | 60.7% | ||
| Q2 24 | 22.5% | 61.1% | ||
| Q1 24 | 21.4% | 62.5% |
| Q4 25 | — | 15.6% | ||
| Q3 25 | 4.6% | 32.0% | ||
| Q2 25 | 5.1% | 34.1% | ||
| Q1 25 | 2.1% | 32.9% | ||
| Q4 24 | 8.6% | 23.5% | ||
| Q3 24 | 4.2% | 21.2% | ||
| Q2 24 | 10.2% | 21.3% | ||
| Q1 24 | 9.7% | 18.9% |
| Q4 25 | — | 19.2% | ||
| Q3 25 | 1.2% | 29.7% | ||
| Q2 25 | 0.9% | 30.4% | ||
| Q1 25 | -1.9% | 29.9% | ||
| Q4 24 | 7.2% | 19.0% | ||
| Q3 24 | 1.2% | 24.0% | ||
| Q2 24 | 5.4% | 19.5% | ||
| Q1 24 | 5.7% | 28.1% |
| Q4 25 | — | $0.53 | ||
| Q3 25 | $0.12 | $0.86 | ||
| Q2 25 | $0.08 | $0.88 | ||
| Q1 25 | $-0.16 | $0.77 | ||
| Q4 24 | $0.63 | $0.50 | ||
| Q3 24 | $0.11 | $0.66 | ||
| Q2 24 | $0.49 | $0.56 | ||
| Q1 24 | $0.50 | $0.74 |
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 | $10.3B |
| Total DebtLower is stronger | $4.0B | $42.1B |
| Stockholders' EquityBook value | $4.7B | $32.2B |
| Total Assets | $10.5B | $104.8B |
| Debt / EquityLower = less leverage | 0.86× | 1.31× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $10.3B | ||
| Q3 25 | $91.5M | $12.7B | ||
| Q2 25 | $94.6M | $9.6B | ||
| Q1 25 | $81.5M | $8.4B | ||
| Q4 24 | $76.0M | $10.8B | ||
| Q3 24 | $114.8M | $13.9B | ||
| Q2 24 | $121.6M | $13.7B | ||
| Q1 24 | $145.5M | $10.4B |
| Q4 25 | — | $42.1B | ||
| Q3 25 | $4.0B | $43.2B | ||
| Q2 25 | $3.9B | $45.0B | ||
| Q1 25 | $3.8B | $43.5B | ||
| Q4 24 | $3.9B | $42.4B | ||
| Q3 24 | $4.1B | $43.0B | ||
| Q2 24 | $4.3B | $38.1B | ||
| Q1 24 | $4.4B | $36.5B |
| Q4 25 | — | $32.2B | ||
| Q3 25 | $4.7B | $31.2B | ||
| Q2 25 | $4.6B | $28.6B | ||
| Q1 25 | $4.4B | $26.2B | ||
| Q4 24 | $4.4B | $24.9B | ||
| Q3 24 | $4.6B | $26.5B | ||
| Q2 24 | $4.5B | $25.9B | ||
| Q1 24 | $4.6B | $26.4B |
| Q4 25 | — | $104.8B | ||
| Q3 25 | $10.5B | $106.0B | ||
| Q2 25 | $10.3B | $104.3B | ||
| Q1 25 | $10.0B | $101.7B | ||
| Q4 24 | $10.1B | $100.5B | ||
| Q3 24 | $10.6B | $106.3B | ||
| Q2 24 | $10.6B | $101.2B | ||
| Q1 24 | $10.9B | $99.4B |
| Q4 25 | — | 1.31× | ||
| Q3 25 | 0.86× | 1.38× | ||
| Q2 25 | 0.85× | 1.57× | ||
| Q1 25 | 0.86× | 1.66× | ||
| Q4 24 | 0.89× | 1.70× | ||
| Q3 24 | 0.91× | 1.62× | ||
| Q2 24 | 0.97× | 1.47× | ||
| Q1 24 | 0.95× | 1.38× |
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 | $3.8B |
| Free Cash FlowOCF − Capex | — | $2.9B |
| FCF MarginFCF / Revenue | — | 24.3% |
| Capex IntensityCapex / Revenue | — | 7.5% |
| Cash ConversionOCF / Net Profit | 11.59× | 1.65× |
| TTM Free Cash FlowTrailing 4 quarters | — | $5.3B |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $3.8B | ||
| Q3 25 | $224.3M | $5.0B | ||
| Q2 25 | $145.8M | $3.8B | ||
| Q1 25 | $249.0M | $-5.2B | ||
| Q4 24 | $154.4M | $4.0B | ||
| Q3 24 | $274.5M | $-1.3B | ||
| Q2 24 | $146.5M | $3.6B | ||
| Q1 24 | $263.9M | $528.0M |
| Q4 25 | — | $2.9B | ||
| Q3 25 | — | $4.6B | ||
| Q2 25 | — | $3.4B | ||
| Q1 25 | — | $-5.5B | ||
| Q4 24 | — | $3.1B | ||
| Q3 24 | — | $-1.7B | ||
| Q2 24 | — | $3.2B | ||
| Q1 24 | — | $158.0M |
| Q4 25 | — | 24.3% | ||
| Q3 25 | — | 36.6% | ||
| Q2 25 | — | 26.9% | ||
| Q1 25 | — | -49.5% | ||
| Q4 24 | — | 27.3% | ||
| Q3 24 | — | -14.6% | ||
| Q2 24 | — | 25.6% | ||
| Q1 24 | — | 1.4% |
| Q4 25 | — | 7.5% | ||
| Q3 25 | — | 3.8% | ||
| Q2 25 | — | 3.5% | ||
| Q1 25 | — | 2.8% | ||
| Q4 24 | — | 7.0% | ||
| Q3 24 | — | 4.0% | ||
| Q2 24 | — | 3.4% | ||
| Q1 24 | — | 3.3% |
| Q4 25 | — | 1.65× | ||
| Q3 25 | 11.59× | 1.36× | ||
| Q2 25 | 11.52× | 1.00× | ||
| Q1 25 | — | -1.56× | ||
| Q4 24 | 1.52× | 1.80× | ||
| Q3 24 | 16.19× | -0.44× | ||
| Q2 24 | 1.86× | 1.49× | ||
| Q1 24 | 3.25× | 0.17× |
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% |
KO
| Other | $7.0B | 59% |
| Finished Product Operations | $2.4B | 21% |
| Concentrate Operations | $2.4B | 20% |
