vs
Side-by-side financial comparison of DARLING INGREDIENTS INC. (DAR) and Insulet Corporation (PODD). Click either name above to swap in a different company.
DARLING INGREDIENTS INC. is the larger business by last-quarter revenue ($1.6B vs $783.7M, roughly 2.0× Insulet Corporation). Insulet Corporation runs the higher net margin — 13.0% vs 1.2%, a 11.7% gap on every dollar of revenue. On growth, Insulet Corporation posted the faster year-over-year revenue change (31.2% vs 10.0%). Over the past eight quarters, Insulet Corporation's revenue compounded faster (33.2% 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.
An insulin pump is a medical device used for the administration of insulin in the treatment of diabetes mellitus, also known as continuous subcutaneous insulin therapy . The device configuration may vary depending on design. A traditional pump includes:the pump a disposable reservoir for insulin a disposable infusion set, including a cannula for subcutaneous insertion and a tubing system to connect the insulin reservoir to the cannula.
DAR vs PODD — Head-to-Head
Income Statement — Q3 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $1.6B | $783.7M |
| Net Profit | $19.4M | $101.6M |
| Gross Margin | 24.7% | 72.6% |
| Operating Margin | 4.6% | 18.7% |
| Net Margin | 1.2% | 13.0% |
| Revenue YoY | 10.0% | 31.2% |
| Net Profit YoY | 14.2% | 0.9% |
| EPS (diluted) | $0.12 | $1.42 |
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 | — | $783.7M | ||
| Q3 25 | $1.6B | $706.3M | ||
| Q2 25 | $1.5B | $649.1M | ||
| Q1 25 | $1.4B | $569.0M | ||
| Q4 24 | $1.4B | $597.5M | ||
| Q3 24 | $1.4B | $543.9M | ||
| Q2 24 | $1.5B | $488.5M | ||
| Q1 24 | $1.4B | $441.7M |
| Q4 25 | — | $101.6M | ||
| Q3 25 | $19.4M | $87.6M | ||
| Q2 25 | $12.7M | $22.5M | ||
| Q1 25 | $-26.2M | $35.4M | ||
| Q4 24 | $101.9M | $100.7M | ||
| Q3 24 | $16.9M | $77.5M | ||
| Q2 24 | $78.9M | $188.6M | ||
| Q1 24 | $81.2M | $51.5M |
| Q4 25 | — | 72.6% | ||
| Q3 25 | 24.7% | 72.2% | ||
| Q2 25 | 23.3% | 69.7% | ||
| Q1 25 | 22.6% | 71.9% | ||
| Q4 24 | 23.5% | 72.1% | ||
| Q3 24 | 22.1% | 69.3% | ||
| Q2 24 | 22.5% | 67.7% | ||
| Q1 24 | 21.4% | 69.5% |
| Q4 25 | — | 18.7% | ||
| Q3 25 | 4.6% | 16.7% | ||
| Q2 25 | 5.1% | 18.7% | ||
| Q1 25 | 2.1% | 15.6% | ||
| Q4 24 | 8.6% | 18.3% | ||
| Q3 24 | 4.2% | 16.2% | ||
| Q2 24 | 10.2% | 11.2% | ||
| Q1 24 | 9.7% | 12.9% |
| Q4 25 | — | 13.0% | ||
| Q3 25 | 1.2% | 12.4% | ||
| Q2 25 | 0.9% | 3.5% | ||
| Q1 25 | -1.9% | 6.2% | ||
| Q4 24 | 7.2% | 16.9% | ||
| Q3 24 | 1.2% | 14.2% | ||
| Q2 24 | 5.4% | 38.6% | ||
| Q1 24 | 5.7% | 11.7% |
| Q4 25 | — | $1.42 | ||
| Q3 25 | $0.12 | $1.24 | ||
| Q2 25 | $0.08 | $0.32 | ||
| Q1 25 | $-0.16 | $0.50 | ||
| Q4 24 | $0.63 | $1.38 | ||
| Q3 24 | $0.11 | $1.08 | ||
| Q2 24 | $0.49 | $2.59 | ||
| Q1 24 | $0.50 | $0.73 |
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 | $930.8M |
| Stockholders' EquityBook value | $4.7B | $1.5B |
| Total Assets | $10.5B | $3.2B |
| Debt / EquityLower = less leverage | 0.86× | 0.61× |
8-quarter trend — quarters aligned by calendar period.
| 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 24 | $145.5M | — |
| Q4 25 | — | $930.8M | ||
| Q3 25 | $4.0B | $934.9M | ||
| Q2 25 | $3.9B | $939.0M | ||
| Q1 25 | $3.8B | $1.6B | ||
| Q4 24 | $3.9B | $1.3B | ||
| Q3 24 | $4.1B | $1.4B | ||
| Q2 24 | $4.3B | $1.4B | ||
| Q1 24 | $4.4B | $1.4B |
| Q4 25 | — | $1.5B | ||
| Q3 25 | $4.7B | $1.4B | ||
| Q2 25 | $4.6B | $1.5B | ||
| Q1 25 | $4.4B | $1.3B | ||
| Q4 24 | $4.4B | $1.2B | ||
| Q3 24 | $4.6B | $1.1B | ||
| Q2 24 | $4.5B | $998.4M | ||
| Q1 24 | $4.6B | $790.7M |
| Q4 25 | — | $3.2B | ||
| Q3 25 | $10.5B | $3.0B | ||
| Q2 25 | $10.3B | $3.5B | ||
| Q1 25 | $10.0B | $3.5B | ||
| Q4 24 | $10.1B | $3.1B | ||
| Q3 24 | $10.6B | $3.0B | ||
| Q2 24 | $10.6B | $2.9B | ||
| Q1 24 | $10.9B | $2.6B |
| Q4 25 | — | 0.61× | ||
| Q3 25 | 0.86× | 0.68× | ||
| Q2 25 | 0.85× | 0.64× | ||
| Q1 25 | 0.86× | 1.21× | ||
| Q4 24 | 0.89× | 1.07× | ||
| Q3 24 | 0.91× | 1.21× | ||
| Q2 24 | 0.97× | 1.36× | ||
| Q1 24 | 0.95× | 1.72× |
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 | $183.3M |
| Free Cash FlowOCF − Capex | — | $48.2M |
| FCF MarginFCF / Revenue | — | 6.2% |
| Capex IntensityCapex / Revenue | — | 17.2% |
| Cash ConversionOCF / Net Profit | 11.59× | 1.80× |
| TTM Free Cash FlowTrailing 4 quarters | — | $377.7M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $183.3M | ||
| Q3 25 | $224.3M | $125.7M | ||
| Q2 25 | $145.8M | $196.5M | ||
| Q1 25 | $249.0M | $63.8M | ||
| Q4 24 | $154.4M | $147.7M | ||
| Q3 24 | $274.5M | $98.5M | ||
| Q2 24 | $146.5M | $96.5M | ||
| Q1 24 | $263.9M | $87.6M |
| Q4 25 | — | $48.2M | ||
| Q3 25 | — | $100.1M | ||
| Q2 25 | — | $177.9M | ||
| Q1 25 | — | $51.5M | ||
| Q4 24 | — | $94.1M | ||
| Q3 24 | — | $71.8M | ||
| Q2 24 | — | $74.0M | ||
| Q1 24 | — | $65.5M |
| Q4 25 | — | 6.2% | ||
| Q3 25 | — | 14.2% | ||
| Q2 25 | — | 27.4% | ||
| Q1 25 | — | 9.1% | ||
| Q4 24 | — | 15.7% | ||
| Q3 24 | — | 13.2% | ||
| Q2 24 | — | 15.1% | ||
| Q1 24 | — | 14.8% |
| Q4 25 | — | 17.2% | ||
| Q3 25 | — | 3.6% | ||
| Q2 25 | — | 2.9% | ||
| Q1 25 | — | 2.2% | ||
| Q4 24 | — | 9.0% | ||
| Q3 24 | — | 4.9% | ||
| Q2 24 | — | 4.6% | ||
| Q1 24 | — | 5.0% |
| Q4 25 | — | 1.80× | ||
| Q3 25 | 11.59× | 1.43× | ||
| Q2 25 | 11.52× | 8.73× | ||
| Q1 25 | — | 1.80× | ||
| Q4 24 | 1.52× | 1.47× | ||
| Q3 24 | 16.19× | 1.27× | ||
| Q2 24 | 1.86× | 0.51× | ||
| Q1 24 | 3.25× | 1.70× |
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% |
PODD
| U.S.Omnipod | $567.8M | 72% |
| International Omnipod | $214.0M | 27% |
| Drug Delivery | $1.9M | 0% |
