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Side-by-side financial comparison of DARLING INGREDIENTS INC. (DAR) and OLIN Corp (OLN). Click either name above to swap in a different company.
OLIN Corp 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 -8.6%, a 9.8% gap on every dollar of revenue. On growth, DARLING INGREDIENTS INC. posted the faster year-over-year revenue change (10.0% vs -0.4%). Over the past eight quarters, OLIN Corp's revenue compounded faster (0.9% 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.
Olin Corporation is an American manufacturer of ammunition, chlorine, and sodium hydroxide. The company traces its roots to two companies, both founded in 1892: Franklin W. Olin's Equitable Powder Company and the Mathieson Alkali Works. Accidents at Olin chemical plants have exposed employees and nearby residents to health hazards.
DAR vs OLN — Head-to-Head
Income Statement — Q3 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $1.6B | $1.7B |
| Net Profit | $19.4M | $-143.2M |
| Gross Margin | 24.7% | 1.9% |
| Operating Margin | 4.6% | -9.4% |
| Net Margin | 1.2% | -8.6% |
| Revenue YoY | 10.0% | -0.4% |
| Net Profit YoY | 14.2% | -1517.8% |
| EPS (diluted) | $0.12 | $-1.25 |
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 | $1.7B | ||
| Q2 25 | $1.5B | $1.8B | ||
| Q1 25 | $1.4B | $1.6B | ||
| Q4 24 | $1.4B | $1.7B | ||
| Q3 24 | $1.4B | $1.6B | ||
| Q2 24 | $1.5B | $1.6B | ||
| Q1 24 | $1.4B | $1.6B |
| Q4 25 | — | $-143.2M | ||
| Q3 25 | $19.4M | $43.7M | ||
| Q2 25 | $12.7M | $-2.8M | ||
| Q1 25 | $-26.2M | $1.2M | ||
| Q4 24 | $101.9M | $10.1M | ||
| Q3 24 | $16.9M | $-25.2M | ||
| Q2 24 | $78.9M | $72.3M | ||
| Q1 24 | $81.2M | $47.8M |
| Q4 25 | — | 1.9% | ||
| Q3 25 | 24.7% | 10.7% | ||
| Q2 25 | 23.3% | 7.9% | ||
| Q1 25 | 22.6% | 9.0% | ||
| Q4 24 | 23.5% | 9.4% | ||
| Q3 24 | 22.1% | 8.5% | ||
| Q2 24 | 22.5% | 14.5% | ||
| Q1 24 | 21.4% | 12.7% |
| Q4 25 | — | -9.4% | ||
| Q3 25 | 4.6% | 4.8% | ||
| Q2 25 | 5.1% | 2.0% | ||
| Q1 25 | 2.1% | 2.7% | ||
| Q4 24 | 8.6% | 2.8% | ||
| Q3 24 | 4.2% | 1.0% | ||
| Q2 24 | 10.2% | 8.3% | ||
| Q1 24 | 9.7% | 5.9% |
| Q4 25 | — | -8.6% | ||
| Q3 25 | 1.2% | 2.6% | ||
| Q2 25 | 0.9% | -0.2% | ||
| Q1 25 | -1.9% | 0.1% | ||
| Q4 24 | 7.2% | 0.6% | ||
| Q3 24 | 1.2% | -1.6% | ||
| Q2 24 | 5.4% | 4.4% | ||
| Q1 24 | 5.7% | 2.9% |
| Q4 25 | — | $-1.25 | ||
| Q3 25 | $0.12 | $0.37 | ||
| Q2 25 | $0.08 | $-0.01 | ||
| Q1 25 | $-0.16 | $0.01 | ||
| Q4 24 | $0.63 | $0.10 | ||
| Q3 24 | $0.11 | $-0.21 | ||
| Q2 24 | $0.49 | $0.62 | ||
| Q1 24 | $0.50 | $0.40 |
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 | $167.6M |
| Total DebtLower is stronger | $4.0B | $2.8B |
| Stockholders' EquityBook value | $4.7B | $1.8B |
| Total Assets | $10.5B | $7.3B |
| Debt / EquityLower = less leverage | 0.86× | 1.55× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $167.6M | ||
| Q3 25 | $91.5M | — | ||
| Q2 25 | $94.6M | — | ||
| Q1 25 | $81.5M | — | ||
| Q4 24 | $76.0M | $175.6M | ||
| Q3 24 | $114.8M | — | ||
| Q2 24 | $121.6M | — | ||
| Q1 24 | $145.5M | — |
| Q4 25 | — | $2.8B | ||
| Q3 25 | $4.0B | $3.0B | ||
| Q2 25 | $3.9B | $3.0B | ||
| Q1 25 | $3.8B | $3.0B | ||
| Q4 24 | $3.9B | $2.7B | ||
| Q3 24 | $4.1B | $2.8B | ||
| Q2 24 | $4.3B | $2.8B | ||
| Q1 24 | $4.4B | $2.7B |
| Q4 25 | — | $1.8B | ||
| Q3 25 | $4.7B | $2.0B | ||
| Q2 25 | $4.6B | $2.0B | ||
| Q1 25 | $4.4B | $2.0B | ||
| Q4 24 | $4.4B | $2.0B | ||
| Q3 24 | $4.6B | $2.1B | ||
| Q2 24 | $4.5B | $2.1B | ||
| Q1 24 | $4.6B | $2.2B |
| Q4 25 | — | $7.3B | ||
| Q3 25 | $10.5B | $7.6B | ||
| Q2 25 | $10.3B | $7.7B | ||
| Q1 25 | $10.0B | $7.7B | ||
| Q4 24 | $10.1B | $7.6B | ||
| Q3 24 | $10.6B | $7.5B | ||
| Q2 24 | $10.6B | $7.7B | ||
| Q1 24 | $10.9B | $7.6B |
| Q4 25 | — | 1.55× | ||
| Q3 25 | 0.86× | 1.52× | ||
| Q2 25 | 0.85× | 1.52× | ||
| Q1 25 | 0.86× | 1.50× | ||
| Q4 24 | 0.89× | 1.34× | ||
| Q3 24 | 0.91× | 1.34× | ||
| Q2 24 | 0.97× | 1.31× | ||
| Q1 24 | 0.95× | 1.24× |
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 | $321.2M |
| Free Cash FlowOCF − Capex | — | — |
| FCF MarginFCF / Revenue | — | — |
| Capex IntensityCapex / Revenue | — | — |
| Cash ConversionOCF / Net Profit | 11.59× | — |
| TTM Free Cash FlowTrailing 4 quarters | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $321.2M | ||
| Q3 25 | $224.3M | $26.7M | ||
| Q2 25 | $145.8M | $212.3M | ||
| Q1 25 | $249.0M | $-86.0M | ||
| Q4 24 | $154.4M | $141.7M | ||
| Q3 24 | $274.5M | $189.9M | ||
| Q2 24 | $146.5M | $90.6M | ||
| Q1 24 | $263.9M | $81.0M |
| Q4 25 | — | — | ||
| Q3 25 | — | $-44.4M | ||
| Q2 25 | — | — | ||
| Q1 25 | — | $-147.4M | ||
| Q4 24 | — | $90.7M | ||
| Q3 24 | — | $146.6M | ||
| Q2 24 | — | $34.1M | ||
| Q1 24 | — | $36.7M |
| Q4 25 | — | — | ||
| Q3 25 | — | -2.6% | ||
| Q2 25 | — | — | ||
| Q1 25 | — | -9.0% | ||
| Q4 24 | — | 5.4% | ||
| Q3 24 | — | 9.2% | ||
| Q2 24 | — | 2.1% | ||
| Q1 24 | — | 2.2% |
| Q4 25 | — | — | ||
| Q3 25 | — | 4.2% | ||
| Q2 25 | — | — | ||
| Q1 25 | — | 3.7% | ||
| Q4 24 | — | 3.1% | ||
| Q3 24 | — | 2.7% | ||
| Q2 24 | — | 3.4% | ||
| Q1 24 | — | 2.7% |
| Q4 25 | — | — | ||
| Q3 25 | 11.59× | 0.61× | ||
| Q2 25 | 11.52× | — | ||
| Q1 25 | — | -71.67× | ||
| Q4 24 | 1.52× | 14.03× | ||
| Q3 24 | 16.19× | — | ||
| Q2 24 | 1.86× | 1.25× | ||
| Q1 24 | 3.25× | 1.69× |
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% |
OLN
| Chlorinechlorinederivativesandothercoproducts | $456.2M | 27% |
| Causticsoda | $400.2M | 24% |
| Militaryandlawenforcement | $304.6M | 18% |
| Epoxyresins | $194.9M | 12% |
| Aromaticsandallylics | $164.4M | 10% |
| Commercial | $144.8M | 9% |
