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Side-by-side financial comparison of DARLING INGREDIENTS INC. (DAR) and Primerica, Inc. (PRI). Click either name above to swap in a different company.
DARLING INGREDIENTS INC. is the larger business by last-quarter revenue ($1.6B vs $853.7M, roughly 1.8× Primerica, Inc.). Primerica, Inc. runs the higher net margin — 23.1% vs 1.2%, a 21.8% gap on every dollar of revenue. On growth, Primerica, Inc. posted the faster year-over-year revenue change (11.0% vs 10.0%). Over the past eight quarters, Primerica, Inc.'s revenue compounded faster (7.2% 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.
Primerica, Inc. is a multi-level marketing company that provides insurance, investment and financial services to middle-income families in the United States and Canada.
DAR vs PRI — Head-to-Head
Income Statement — Q3 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $1.6B | $853.7M |
| Net Profit | $19.4M | $197.0M |
| Gross Margin | 24.7% | — |
| Operating Margin | 4.6% | 28.9% |
| Net Margin | 1.2% | 23.1% |
| Revenue YoY | 10.0% | 11.0% |
| Net Profit YoY | 14.2% | 17.9% |
| EPS (diluted) | $0.12 | $6.11 |
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 | — | $853.7M | ||
| Q3 25 | $1.6B | $839.9M | ||
| Q2 25 | $1.5B | $793.3M | ||
| Q1 25 | $1.4B | $804.8M | ||
| Q4 24 | $1.4B | $768.8M | ||
| Q3 24 | $1.4B | $774.1M | ||
| Q2 24 | $1.5B | $803.4M | ||
| Q1 24 | $1.4B | $742.8M |
| Q4 25 | — | $197.0M | ||
| Q3 25 | $19.4M | $206.8M | ||
| Q2 25 | $12.7M | $178.3M | ||
| Q1 25 | $-26.2M | $169.1M | ||
| Q4 24 | $101.9M | $167.1M | ||
| Q3 24 | $16.9M | $164.4M | ||
| Q2 24 | $78.9M | $1.2M | ||
| Q1 24 | $81.2M | $137.9M |
| 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% | 98.0% | ||
| Q1 24 | 21.4% | 98.2% |
| Q4 25 | — | 28.9% | ||
| Q3 25 | 4.6% | 32.3% | ||
| Q2 25 | 5.1% | 29.6% | ||
| Q1 25 | 2.1% | 27.5% | ||
| Q4 24 | 8.6% | 64.7% | ||
| Q3 24 | 4.2% | 32.9% | ||
| Q2 24 | 10.2% | 1.0% | ||
| Q1 24 | 9.7% | 24.1% |
| Q4 25 | — | 23.1% | ||
| Q3 25 | 1.2% | 24.6% | ||
| Q2 25 | 0.9% | 22.5% | ||
| Q1 25 | -1.9% | 21.0% | ||
| Q4 24 | 7.2% | 21.7% | ||
| Q3 24 | 1.2% | 21.2% | ||
| Q2 24 | 5.4% | 0.1% | ||
| Q1 24 | 5.7% | 18.6% |
| Q4 25 | — | $6.11 | ||
| Q3 25 | $0.12 | $6.35 | ||
| Q2 25 | $0.08 | $5.40 | ||
| Q1 25 | $-0.16 | $5.05 | ||
| Q4 24 | $0.63 | $4.92 | ||
| Q3 24 | $0.11 | $4.83 | ||
| Q2 24 | $0.49 | $0.03 | ||
| Q1 24 | $0.50 | $3.93 |
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 | $756.2M |
| Total DebtLower is stronger | $4.0B | — |
| Stockholders' EquityBook value | $4.7B | $2.4B |
| Total Assets | $10.5B | $15.0B |
| Debt / EquityLower = less leverage | 0.86× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $756.2M | ||
| Q3 25 | $91.5M | $644.9M | ||
| Q2 25 | $94.6M | $621.2M | ||
| Q1 25 | $81.5M | $625.1M | ||
| Q4 24 | $76.0M | $687.8M | ||
| Q3 24 | $114.8M | $550.1M | ||
| Q2 24 | $121.6M | $627.3M | ||
| Q1 24 | $145.5M | $593.4M |
| 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 | $2.3B | ||
| Q2 25 | $4.6B | $2.3B | ||
| Q1 25 | $4.4B | $2.3B | ||
| Q4 24 | $4.4B | $2.3B | ||
| Q3 24 | $4.6B | $1.9B | ||
| Q2 24 | $4.5B | $2.1B | ||
| Q1 24 | $4.6B | $2.2B |
| Q4 25 | — | $15.0B | ||
| Q3 25 | $10.5B | $14.8B | ||
| Q2 25 | $10.3B | $14.8B | ||
| Q1 25 | $10.0B | $14.6B | ||
| Q4 24 | $10.1B | $14.6B | ||
| Q3 24 | $10.6B | $14.8B | ||
| Q2 24 | $10.6B | $14.6B | ||
| Q1 24 | $10.9B | $14.9B |
| 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 | $338.2M |
| Free Cash FlowOCF − Capex | — | — |
| FCF MarginFCF / Revenue | — | — |
| Capex IntensityCapex / Revenue | — | — |
| Cash ConversionOCF / Net Profit | 11.59× | 1.72× |
| TTM Free Cash FlowTrailing 4 quarters | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $338.2M | ||
| Q3 25 | $224.3M | $202.9M | ||
| Q2 25 | $145.8M | $162.6M | ||
| Q1 25 | $249.0M | $197.5M | ||
| Q4 24 | $154.4M | $270.6M | ||
| Q3 24 | $274.5M | $207.3M | ||
| Q2 24 | $146.5M | $173.3M | ||
| Q1 24 | $263.9M | $210.9M |
| Q4 25 | — | 1.72× | ||
| Q3 25 | 11.59× | 0.98× | ||
| Q2 25 | 11.52× | 0.91× | ||
| Q1 25 | — | 1.17× | ||
| Q4 24 | 1.52× | 1.62× | ||
| Q3 24 | 16.19× | 1.26× | ||
| Q2 24 | 1.86× | 147.98× | ||
| Q1 24 | 3.25× | 1.53× |
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% |
PRI
| Revenues From Sources Other Than Contracts With Customers | $445.9M | 52% |
| Investment And Savings Products Segment Revenues | $340.3M | 40% |
| Other | $56.5M | 7% |
| Segment Revenues From Contracts With Customers | $11.0M | 1% |
