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Side-by-side financial comparison of DARLING INGREDIENTS INC. (DAR) and LOGITECH INTERNATIONAL S.A. (LOGI). Click either name above to swap in a different company.
DARLING INGREDIENTS INC. is the larger business by last-quarter revenue ($1.6B vs $1.4B, roughly 1.1× LOGITECH INTERNATIONAL S.A.). LOGITECH INTERNATIONAL S.A. runs the higher net margin — 17.7% vs 1.2%, a 16.4% gap on every dollar of revenue. On growth, DARLING INGREDIENTS INC. posted the faster year-over-year revenue change (10.0% vs 6.1%). Over the past eight quarters, LOGITECH INTERNATIONAL S.A.'s revenue compounded faster (18.5% 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.
Logitech International S.A. is a Swiss multinational manufacturer of computer peripherals and software. Headquartered in Lausanne, Switzerland, the company has offices throughout Europe, Asia, Oceania, and the Americas. It is a component of the Swiss Market Index, and is listed on the Nasdaq.
DAR vs LOGI — Head-to-Head
Income Statement — Q3 FY2025 vs Q3 FY2026
| Metric | | |
|---|---|---|
| Revenue | $1.6B | $1.4B |
| Net Profit | $19.4M | $251.0M |
| Gross Margin | 24.7% | 43.2% |
| Operating Margin | 4.6% | 20.1% |
| Net Margin | 1.2% | 17.7% |
| Revenue YoY | 10.0% | 6.1% |
| Net Profit YoY | 14.2% | 25.4% |
| EPS (diluted) | $0.12 | $1.69 |
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 | — | $1.4B | ||
| Q3 25 | $1.6B | $1.2B | ||
| Q2 25 | $1.5B | $1.1B | ||
| Q1 25 | $1.4B | $1.0B | ||
| Q4 24 | $1.4B | $1.3B | ||
| Q3 24 | $1.4B | $1.1B | ||
| Q2 24 | $1.5B | $1.1B | ||
| Q1 24 | $1.4B | $1.0B |
| Q4 25 | — | $251.0M | ||
| Q3 25 | $19.4M | $170.7M | ||
| Q2 25 | $12.7M | $146.0M | ||
| Q1 25 | $-26.2M | $144.1M | ||
| Q4 24 | $101.9M | $200.1M | ||
| Q3 24 | $16.9M | $145.5M | ||
| Q2 24 | $78.9M | $141.8M | ||
| Q1 24 | $81.2M | $167.6M |
| Q4 25 | — | 43.2% | ||
| Q3 25 | 24.7% | 43.4% | ||
| Q2 25 | 23.3% | 41.7% | ||
| Q1 25 | 22.6% | 43.1% | ||
| Q4 24 | 23.5% | 42.9% | ||
| Q3 24 | 22.1% | 43.6% | ||
| Q2 24 | 22.5% | 42.8% | ||
| Q1 24 | 21.4% | 43.2% |
| Q4 25 | — | 20.1% | ||
| Q3 25 | 4.6% | 16.1% | ||
| Q2 25 | 5.1% | 14.1% | ||
| Q1 25 | 2.1% | 10.5% | ||
| Q4 24 | 8.6% | 17.5% | ||
| Q3 24 | 4.2% | 14.4% | ||
| Q2 24 | 10.2% | 14.1% | ||
| Q1 24 | 9.7% | 12.9% |
| Q4 25 | — | 17.7% | ||
| Q3 25 | 1.2% | 14.4% | ||
| Q2 25 | 0.9% | 12.7% | ||
| Q1 25 | -1.9% | 14.3% | ||
| Q4 24 | 7.2% | 14.9% | ||
| Q3 24 | 1.2% | 13.0% | ||
| Q2 24 | 5.4% | 13.0% | ||
| Q1 24 | 5.7% | 16.6% |
| Q4 25 | — | $1.69 | ||
| Q3 25 | $0.12 | $1.15 | ||
| Q2 25 | $0.08 | $0.98 | ||
| Q1 25 | $-0.16 | $0.94 | ||
| Q4 24 | $0.63 | $1.32 | ||
| Q3 24 | $0.11 | $0.95 | ||
| Q2 24 | $0.49 | $0.92 | ||
| Q1 24 | $0.50 | $1.07 |
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 | $1.8B |
| Total DebtLower is stronger | $4.0B | — |
| Stockholders' EquityBook value | $4.7B | $2.3B |
| Total Assets | $10.5B | $4.1B |
| Debt / EquityLower = less leverage | 0.86× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $1.8B | ||
| Q3 25 | $91.5M | $1.4B | ||
| Q2 25 | $94.6M | $1.5B | ||
| Q1 25 | $81.5M | $1.5B | ||
| Q4 24 | $76.0M | $1.5B | ||
| Q3 24 | $114.8M | $1.4B | ||
| Q2 24 | $121.6M | $1.5B | ||
| Q1 24 | $145.5M | $1.5B |
| 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 | — | $2.3B | ||
| Q3 25 | $4.7B | $2.1B | ||
| Q2 25 | $4.6B | $2.2B | ||
| Q1 25 | $4.4B | $2.1B | ||
| Q4 24 | $4.4B | $2.1B | ||
| Q3 24 | $4.6B | $2.1B | ||
| Q2 24 | $4.5B | $2.2B | ||
| Q1 24 | $4.6B | $2.2B |
| Q4 25 | — | $4.1B | ||
| Q3 25 | $10.5B | $3.7B | ||
| Q2 25 | $10.3B | $3.7B | ||
| Q1 25 | $10.0B | $3.5B | ||
| Q4 24 | $10.1B | $3.7B | ||
| Q3 24 | $10.6B | $3.6B | ||
| Q2 24 | $10.6B | $3.7B | ||
| Q1 24 | $10.9B | $3.6B |
| 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 | $480.5M |
| Free Cash FlowOCF − Capex | — | $465.6M |
| FCF MarginFCF / Revenue | — | 32.8% |
| Capex IntensityCapex / Revenue | — | 1.0% |
| Cash ConversionOCF / Net Profit | 11.59× | 1.91× |
| TTM Free Cash FlowTrailing 4 quarters | — | $903.6M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $480.5M | ||
| Q3 25 | $224.3M | $228.8M | ||
| Q2 25 | $145.8M | $125.0M | ||
| Q1 25 | $249.0M | $129.7M | ||
| Q4 24 | $154.4M | $370.9M | ||
| Q3 24 | $274.5M | $166.0M | ||
| Q2 24 | $146.5M | $176.0M | ||
| Q1 24 | $263.9M | $239.1M |
| Q4 25 | — | $465.6M | ||
| Q3 25 | — | $212.3M | ||
| Q2 25 | — | $108.8M | ||
| Q1 25 | — | $116.9M | ||
| Q4 24 | — | $356.6M | ||
| Q3 24 | — | $151.5M | ||
| Q2 24 | — | $161.4M | ||
| Q1 24 | — | $228.8M |
| Q4 25 | — | 32.8% | ||
| Q3 25 | — | 17.9% | ||
| Q2 25 | — | 9.5% | ||
| Q1 25 | — | 11.6% | ||
| Q4 24 | — | 26.6% | ||
| Q3 24 | — | 13.6% | ||
| Q2 24 | — | 14.8% | ||
| Q1 24 | — | 22.6% |
| Q4 25 | — | 1.0% | ||
| Q3 25 | — | 1.4% | ||
| Q2 25 | — | 1.4% | ||
| Q1 25 | — | 1.3% | ||
| Q4 24 | — | 1.1% | ||
| Q3 24 | — | 1.3% | ||
| Q2 24 | — | 1.3% | ||
| Q1 24 | — | 1.0% |
| Q4 25 | — | 1.91× | ||
| Q3 25 | 11.59× | 1.34× | ||
| Q2 25 | 11.52× | 0.86× | ||
| Q1 25 | — | 0.90× | ||
| Q4 24 | 1.52× | 1.85× | ||
| Q3 24 | 16.19× | 1.14× | ||
| Q2 24 | 1.86× | 1.24× | ||
| Q1 24 | 3.25× | 1.43× |
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% |
LOGI
| Retail Gaming | $482.7M | 34% |
| Retail Keyboards Desktops | $254.6M | 18% |
| Retail Pointing Devices | $241.2M | 17% |
| Retail Video Collaboration | $193.3M | 14% |
| Retail Tablet And Other Accessories | $93.6M | 7% |
| Retail Webcams | $82.3M | 6% |
| Retail Headsets | $45.9M | 3% |
| Other Retail Products | $28.0M | 2% |
