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Side-by-side financial comparison of DARLING INGREDIENTS INC. (DAR) and OLD REPUBLIC INTERNATIONAL CORP (ORI). Click either name above to swap in a different company.
OLD REPUBLIC INTERNATIONAL CORP is the larger business by last-quarter revenue ($2.4B vs $1.6B, roughly 1.5× DARLING INGREDIENTS INC.). OLD REPUBLIC INTERNATIONAL CORP runs the higher net margin — 13.8% vs 1.2%, a 12.5% gap on every dollar of revenue. On growth, DARLING INGREDIENTS INC. posted the faster year-over-year revenue change (10.0% vs 6.7%). Over the past eight quarters, OLD REPUBLIC INTERNATIONAL CORP's revenue compounded faster (13.2% 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.
Old Republic International Corporation is an American property insurance and title insurance company. The company is headquartered in Chicago, Illinois.
DAR vs ORI — Head-to-Head
Income Statement — Q3 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $1.6B | $2.4B |
| Net Profit | $19.4M | $330.0M |
| Gross Margin | 24.7% | — |
| Operating Margin | 4.6% | — |
| Net Margin | 1.2% | 13.8% |
| Revenue YoY | 10.0% | 6.7% |
| Net Profit YoY | 14.2% | 34.7% |
| EPS (diluted) | $0.12 | — |
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.
| Q1 26 | — | $2.4B | ||
| Q4 25 | — | $2.4B | ||
| Q3 25 | $1.6B | $2.4B | ||
| Q2 25 | $1.5B | $2.2B | ||
| Q1 25 | $1.4B | $2.1B | ||
| Q4 24 | $1.4B | $2.0B | ||
| Q3 24 | $1.4B | $2.3B | ||
| Q2 24 | $1.5B | $1.9B |
| Q1 26 | — | $330.0M | ||
| Q4 25 | — | $206.5M | ||
| Q3 25 | $19.4M | $279.5M | ||
| Q2 25 | $12.7M | $204.4M | ||
| Q1 25 | $-26.2M | $245.0M | ||
| Q4 24 | $101.9M | $105.3M | ||
| Q3 24 | $16.9M | $338.9M | ||
| Q2 24 | $78.9M | $91.8M |
| Q1 26 | — | — | ||
| 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 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | 4.6% | 14.6% | ||
| Q2 25 | 5.1% | 11.8% | ||
| Q1 25 | 2.1% | 14.6% | ||
| Q4 24 | 8.6% | — | ||
| Q3 24 | 4.2% | 18.2% | ||
| Q2 24 | 10.2% | 6.1% |
| Q1 26 | — | 13.8% | ||
| Q4 25 | — | 8.6% | ||
| Q3 25 | 1.2% | 11.5% | ||
| Q2 25 | 0.9% | 9.3% | ||
| Q1 25 | -1.9% | 11.6% | ||
| Q4 24 | 7.2% | 5.3% | ||
| Q3 24 | 1.2% | 14.5% | ||
| Q2 24 | 5.4% | 4.9% |
| Q1 26 | — | — | ||
| Q4 25 | — | $0.82 | ||
| Q3 25 | $0.12 | $1.11 | ||
| Q2 25 | $0.08 | $0.81 | ||
| Q1 25 | $-0.16 | $0.98 | ||
| Q4 24 | $0.63 | $0.42 | ||
| Q3 24 | $0.11 | $1.32 | ||
| Q2 24 | $0.49 | $0.35 |
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 | — |
| Total DebtLower is stronger | $4.0B | — |
| Stockholders' EquityBook value | $4.7B | $5.9M |
| Total Assets | $10.5B | $29.6M |
| Debt / EquityLower = less leverage | 0.86× | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | $91.5M | — | ||
| Q2 25 | $94.6M | — | ||
| Q1 25 | $81.5M | — | ||
| Q4 24 | $76.0M | — | ||
| Q3 24 | $114.8M | — | ||
| Q2 24 | $121.6M | — |
| Q1 26 | — | — | ||
| 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 26 | — | $5.9M | ||
| Q4 25 | — | $5.9B | ||
| Q3 25 | $4.7B | $6.4B | ||
| Q2 25 | $4.6B | $6.2B | ||
| Q1 25 | $4.4B | $5.9B | ||
| Q4 24 | $4.4B | $5.6B | ||
| Q3 24 | $4.6B | $6.4B | ||
| Q2 24 | $4.5B | $6.0B |
| Q1 26 | — | $29.6M | ||
| Q4 25 | — | $29.9B | ||
| Q3 25 | $10.5B | $30.3B | ||
| Q2 25 | $10.3B | $29.3B | ||
| Q1 25 | $10.0B | $28.0B | ||
| Q4 24 | $10.1B | $27.8B | ||
| Q3 24 | $10.6B | $28.8B | ||
| Q2 24 | $10.6B | $27.5B |
| Q1 26 | — | — | ||
| 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× | — |
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 | — |
| 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.
| Q1 26 | — | — | ||
| Q4 25 | — | $234.9M | ||
| Q3 25 | $224.3M | $563.9M | ||
| Q2 25 | $145.8M | $133.8M | ||
| Q1 25 | $249.0M | $231.7M | ||
| Q4 24 | $154.4M | $361.7M | ||
| Q3 24 | $274.5M | $474.8M | ||
| Q2 24 | $146.5M | $236.5M |
| Q1 26 | — | — | ||
| Q4 25 | — | 1.14× | ||
| Q3 25 | 11.59× | 2.02× | ||
| Q2 25 | 11.52× | 0.65× | ||
| Q1 25 | — | 0.95× | ||
| Q4 24 | 1.52× | 3.43× | ||
| Q3 24 | 16.19× | 1.40× | ||
| Q2 24 | 1.86× | 2.58× |
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% |
ORI
| operating | $2.2B | 92% |
| Other | $201.8M | 8% |
