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Side-by-side financial comparison of DARLING INGREDIENTS INC. (DAR) and NEWELL BRANDS INC. (NWL). Click either name above to swap in a different company.
NEWELL BRANDS INC. is the larger business by last-quarter revenue ($1.9B vs $1.6B, roughly 1.2× DARLING INGREDIENTS INC.). DARLING INGREDIENTS INC. runs the higher net margin — 1.2% vs -16.6%, a 17.8% gap on every dollar of revenue. On growth, DARLING INGREDIENTS INC. posted the faster year-over-year revenue change (10.0% vs -2.7%). Over the past eight quarters, NEWELL BRANDS INC.'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.
Newell Brands Inc. is an American conglomerate of consumer and commercial products. The company's brands and products include Rubbermaid storage/or waste disposal containers; home organization and reusable container products; Contigo and Bubba water bottles; Coleman outdoor products; writing instruments glue ; children's products ; cookware and small appliances and fragrance products.
DAR vs NWL — Head-to-Head
Income Statement — Q3 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $1.6B | $1.9B |
| Net Profit | $19.4M | $-315.0M |
| Gross Margin | 24.7% | 33.1% |
| Operating Margin | 4.6% | -14.3% |
| Net Margin | 1.2% | -16.6% |
| Revenue YoY | 10.0% | -2.7% |
| Net Profit YoY | 14.2% | -483.3% |
| EPS (diluted) | $0.12 | $-0.75 |
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 | — | $1.9B | ||
| Q3 25 | $1.6B | $1.8B | ||
| Q2 25 | $1.5B | $1.9B | ||
| Q1 25 | $1.4B | $1.6B | ||
| Q4 24 | $1.4B | $1.9B | ||
| Q3 24 | $1.4B | $1.9B | ||
| Q2 24 | $1.5B | $2.0B | ||
| Q1 24 | $1.4B | $1.7B |
| Q4 25 | — | $-315.0M | ||
| Q3 25 | $19.4M | $21.0M | ||
| Q2 25 | $12.7M | $46.0M | ||
| Q1 25 | $-26.2M | $-37.0M | ||
| Q4 24 | $101.9M | $-54.0M | ||
| Q3 24 | $16.9M | $-198.0M | ||
| Q2 24 | $78.9M | $45.0M | ||
| Q1 24 | $81.2M | $-9.0M |
| Q4 25 | — | 33.1% | ||
| Q3 25 | 24.7% | 34.1% | ||
| Q2 25 | 23.3% | 35.4% | ||
| Q1 25 | 22.6% | 32.1% | ||
| Q4 24 | 23.5% | 34.2% | ||
| Q3 24 | 22.1% | 34.9% | ||
| Q2 24 | 22.5% | 34.4% | ||
| Q1 24 | 21.4% | 30.5% |
| Q4 25 | — | -14.3% | ||
| Q3 25 | 4.6% | 6.6% | ||
| Q2 25 | 5.1% | 8.8% | ||
| Q1 25 | 2.1% | 1.3% | ||
| Q4 24 | 8.6% | 0.5% | ||
| Q3 24 | 4.2% | -6.2% | ||
| Q2 24 | 10.2% | 8.0% | ||
| Q1 24 | 9.7% | 1.0% |
| Q4 25 | — | -16.6% | ||
| Q3 25 | 1.2% | 1.2% | ||
| Q2 25 | 0.9% | 2.4% | ||
| Q1 25 | -1.9% | -2.4% | ||
| Q4 24 | 7.2% | -2.8% | ||
| Q3 24 | 1.2% | -10.2% | ||
| Q2 24 | 5.4% | 2.2% | ||
| Q1 24 | 5.7% | -0.5% |
| Q4 25 | — | $-0.75 | ||
| Q3 25 | $0.12 | $0.05 | ||
| Q2 25 | $0.08 | $0.11 | ||
| Q1 25 | $-0.16 | $-0.09 | ||
| Q4 24 | $0.63 | $-0.13 | ||
| Q3 24 | $0.11 | $-0.48 | ||
| Q2 24 | $0.49 | $0.11 | ||
| Q1 24 | $0.50 | $-0.02 |
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 | $203.0M |
| Total DebtLower is stronger | $4.0B | — |
| Stockholders' EquityBook value | $4.7B | $2.4B |
| Total Assets | $10.5B | $10.7B |
| Debt / EquityLower = less leverage | 0.86× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $203.0M | ||
| Q3 25 | $91.5M | $229.0M | ||
| Q2 25 | $94.6M | $219.0M | ||
| Q1 25 | $81.5M | $233.0M | ||
| Q4 24 | $76.0M | $198.0M | ||
| Q3 24 | $114.8M | $494.0M | ||
| Q2 24 | $121.6M | $382.0M | ||
| Q1 24 | $145.5M | $372.0M |
| 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 | — | $2.4B | ||
| Q3 25 | $4.7B | $2.7B | ||
| Q2 25 | $4.6B | $2.7B | ||
| Q1 25 | $4.4B | $2.7B | ||
| Q4 24 | $4.4B | $2.8B | ||
| Q3 24 | $4.6B | $2.9B | ||
| Q2 24 | $4.5B | $3.1B | ||
| Q1 24 | $4.6B | $3.1B |
| Q4 25 | — | $10.7B | ||
| Q3 25 | $10.5B | $11.3B | ||
| Q2 25 | $10.3B | $11.5B | ||
| Q1 25 | $10.0B | $11.3B | ||
| Q4 24 | $10.1B | $11.0B | ||
| Q3 24 | $10.6B | $11.8B | ||
| Q2 24 | $10.6B | $12.0B | ||
| Q1 24 | $10.9B | $12.1B |
| 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 | $161.0M |
| Free Cash FlowOCF − Capex | — | $91.0M |
| FCF MarginFCF / Revenue | — | 4.8% |
| Capex IntensityCapex / Revenue | — | 3.7% |
| Cash ConversionOCF / Net Profit | 11.59× | — |
| TTM Free Cash FlowTrailing 4 quarters | — | $17.0M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $161.0M | ||
| Q3 25 | $224.3M | $374.0M | ||
| Q2 25 | $145.8M | $-58.0M | ||
| Q1 25 | $249.0M | $-213.0M | ||
| Q4 24 | $154.4M | $150.0M | ||
| Q3 24 | $274.5M | $282.0M | ||
| Q2 24 | $146.5M | $32.0M | ||
| Q1 24 | $263.9M | $32.0M |
| Q4 25 | — | $91.0M | ||
| Q3 25 | — | $315.0M | ||
| Q2 25 | — | $-117.0M | ||
| Q1 25 | — | $-272.0M | ||
| Q4 24 | — | $54.0M | ||
| Q3 24 | — | $231.0M | ||
| Q2 24 | — | $-21.0M | ||
| Q1 24 | — | $-27.0M |
| Q4 25 | — | 4.8% | ||
| Q3 25 | — | 17.4% | ||
| Q2 25 | — | -6.0% | ||
| Q1 25 | — | -17.4% | ||
| Q4 24 | — | 2.8% | ||
| Q3 24 | — | 11.9% | ||
| Q2 24 | — | -1.0% | ||
| Q1 24 | — | -1.6% |
| Q4 25 | — | 3.7% | ||
| Q3 25 | — | 3.3% | ||
| Q2 25 | — | 3.0% | ||
| Q1 25 | — | 3.8% | ||
| Q4 24 | — | 4.9% | ||
| Q3 24 | — | 2.6% | ||
| Q2 24 | — | 2.6% | ||
| Q1 24 | — | 3.6% |
| Q4 25 | — | — | ||
| Q3 25 | 11.59× | 17.81× | ||
| Q2 25 | 11.52× | -1.26× | ||
| Q1 25 | — | — | ||
| Q4 24 | 1.52× | — | ||
| Q3 24 | 16.19× | — | ||
| Q2 24 | 1.86× | 0.71× | ||
| 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% |
NWL
| Kitchen | $538.0M | 28% |
| Writing | $370.0M | 20% |
| Commercial | $320.0M | 17% |
| Financial Institution Two | $286.0M | 15% |
| Baby | $259.0M | 14% |
| Outdoor And Recreation | $142.0M | 7% |
