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Side-by-side financial comparison of DARLING INGREDIENTS INC. (DAR) and Reynolds Consumer Products Inc. (REYN). Click either name above to swap in a different company.

DARLING INGREDIENTS INC. is the larger business by last-quarter revenue ($1.6B vs $1.0B, roughly 1.5× Reynolds Consumer Products Inc.). Reynolds Consumer Products Inc. runs the higher net margin — 11.4% vs 1.2%, a 10.2% gap on every dollar of revenue. On growth, DARLING INGREDIENTS INC. posted the faster year-over-year revenue change (10.0% vs 1.2%). Over the past eight quarters, Reynolds Consumer Products Inc.'s revenue compounded faster (11.4% 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.

The Rival Company is an American manufacturer of small appliances that produces products under the Bionaire, Crock-Pot, Fasco, Patton, Pollenex, Rival, Simer, and White Mountain brands. It became a wholly owned subsidiary of Holmes Products Corp. in 1999, and later became a brand of Sunbeam Products, a subsidiary of Jarden Corporation, which purchased Holmes in 2005. Jarden, in turn, merged with Newell Rubbermaid in 2016. It is now part of the Newell Brands company.

DAR vs REYN — Head-to-Head

Bigger by revenue
DAR
DAR
1.5× larger
DAR
$1.6B
$1.0B
REYN
Growing faster (revenue YoY)
DAR
DAR
+8.8% gap
DAR
10.0%
1.2%
REYN
Higher net margin
REYN
REYN
10.2% more per $
REYN
11.4%
1.2%
DAR
Faster 2-yr revenue CAGR
REYN
REYN
Annualised
REYN
11.4%
-1.6%
DAR

Income Statement — Q3 FY2025 vs Q4 FY2025

Metric
DAR
DAR
REYN
REYN
Revenue
$1.6B
$1.0B
Net Profit
$19.4M
$118.0M
Gross Margin
24.7%
25.7%
Operating Margin
4.6%
14.8%
Net Margin
1.2%
11.4%
Revenue YoY
10.0%
1.2%
Net Profit YoY
14.2%
-1.7%
EPS (diluted)
$0.12
$0.55

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.

Revenue
DAR
DAR
REYN
REYN
Q4 25
$1.0B
Q3 25
$1.6B
$931.0M
Q2 25
$1.5B
$938.0M
Q1 25
$1.4B
$818.0M
Q4 24
$1.4B
$1.0B
Q3 24
$1.4B
$910.0M
Q2 24
$1.5B
$930.0M
Q1 24
$1.4B
$833.0M
Net Profit
DAR
DAR
REYN
REYN
Q4 25
$118.0M
Q3 25
$19.4M
$79.0M
Q2 25
$12.7M
$73.0M
Q1 25
$-26.2M
$31.0M
Q4 24
$101.9M
$120.0M
Q3 24
$16.9M
$86.0M
Q2 24
$78.9M
$97.0M
Q1 24
$81.2M
$49.0M
Gross Margin
DAR
DAR
REYN
REYN
Q4 25
25.7%
Q3 25
24.7%
25.0%
Q2 25
23.3%
24.1%
Q1 25
22.6%
23.1%
Q4 24
23.5%
27.6%
Q3 24
22.1%
26.3%
Q2 24
22.5%
27.5%
Q1 24
21.4%
24.1%
Operating Margin
DAR
DAR
REYN
REYN
Q4 25
14.8%
Q3 25
4.6%
11.0%
Q2 25
5.1%
10.2%
Q1 25
2.1%
5.1%
Q4 24
8.6%
15.5%
Q3 24
4.2%
12.4%
Q2 24
10.2%
12.4%
Q1 24
9.7%
7.8%
Net Margin
DAR
DAR
REYN
REYN
Q4 25
11.4%
Q3 25
1.2%
8.5%
Q2 25
0.9%
7.8%
Q1 25
-1.9%
3.8%
Q4 24
7.2%
11.7%
Q3 24
1.2%
9.5%
Q2 24
5.4%
10.4%
Q1 24
5.7%
5.9%
EPS (diluted)
DAR
DAR
REYN
REYN
Q4 25
$0.55
Q3 25
$0.12
$0.38
Q2 25
$0.08
$0.35
Q1 25
$-0.16
$0.15
Q4 24
$0.63
$0.57
Q3 24
$0.11
$0.41
Q2 24
$0.49
$0.46
Q1 24
$0.50
$0.23

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
DAR
DAR
REYN
REYN
Cash + ST InvestmentsLiquidity on hand
$91.5M
$147.0M
Total DebtLower is stronger
$4.0B
$1.6B
Stockholders' EquityBook value
$4.7B
$2.3B
Total Assets
$10.5B
$4.9B
Debt / EquityLower = less leverage
0.86×
0.70×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
DAR
DAR
REYN
REYN
Q4 25
$147.0M
Q3 25
$91.5M
$53.0M
Q2 25
$94.6M
$57.0M
Q1 25
$81.5M
$58.0M
Q4 24
$76.0M
$137.0M
Q3 24
$114.8M
$96.0M
Q2 24
$121.6M
$101.0M
Q1 24
$145.5M
$135.0M
Total Debt
DAR
DAR
REYN
REYN
Q4 25
$1.6B
Q3 25
$4.0B
$1.6B
Q2 25
$3.9B
$1.6B
Q1 25
$3.8B
$1.6B
Q4 24
$3.9B
$1.7B
Q3 24
$4.1B
$1.7B
Q2 24
$4.3B
$1.8B
Q1 24
$4.4B
$1.8B
Stockholders' Equity
DAR
DAR
REYN
REYN
Q4 25
$2.3B
Q3 25
$4.7B
$2.2B
Q2 25
$4.6B
$2.1B
Q1 25
$4.4B
$2.1B
Q4 24
$4.4B
$2.1B
Q3 24
$4.6B
$2.1B
Q2 24
$4.5B
$2.0B
Q1 24
$4.6B
$2.0B
Total Assets
DAR
DAR
REYN
REYN
Q4 25
$4.9B
Q3 25
$10.5B
$4.9B
Q2 25
$10.3B
$4.9B
Q1 25
$10.0B
$4.8B
Q4 24
$10.1B
$4.9B
Q3 24
$10.6B
$4.8B
Q2 24
$10.6B
$4.9B
Q1 24
$10.9B
$4.9B
Debt / Equity
DAR
DAR
REYN
REYN
Q4 25
0.70×
Q3 25
0.86×
0.75×
Q2 25
0.85×
0.76×
Q1 25
0.86×
0.77×
Q4 24
0.89×
0.79×
Q3 24
0.91×
0.84×
Q2 24
0.97×
0.87×
Q1 24
0.95×
0.92×

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
DAR
DAR
REYN
REYN
Operating Cash FlowLast quarter
$224.3M
$237.0M
Free Cash FlowOCF − Capex
$200.0M
FCF MarginFCF / Revenue
19.3%
Capex IntensityCapex / Revenue
3.6%
Cash ConversionOCF / Net Profit
11.59×
2.01×
TTM Free Cash FlowTrailing 4 quarters
$316.0M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
DAR
DAR
REYN
REYN
Q4 25
$237.0M
Q3 25
$224.3M
$93.0M
Q2 25
$145.8M
$91.0M
Q1 25
$249.0M
$56.0M
Q4 24
$154.4M
$182.0M
Q3 24
$274.5M
$124.0M
Q2 24
$146.5M
$84.0M
Q1 24
$263.9M
$99.0M
Free Cash Flow
DAR
DAR
REYN
REYN
Q4 25
$200.0M
Q3 25
$48.0M
Q2 25
$51.0M
Q1 25
$17.0M
Q4 24
$141.0M
Q3 24
$93.0M
Q2 24
$65.0M
Q1 24
$70.0M
FCF Margin
DAR
DAR
REYN
REYN
Q4 25
19.3%
Q3 25
5.2%
Q2 25
5.4%
Q1 25
2.1%
Q4 24
13.8%
Q3 24
10.2%
Q2 24
7.0%
Q1 24
8.4%
Capex Intensity
DAR
DAR
REYN
REYN
Q4 25
3.6%
Q3 25
4.8%
Q2 25
4.3%
Q1 25
4.8%
Q4 24
4.0%
Q3 24
3.4%
Q2 24
2.0%
Q1 24
3.5%
Cash Conversion
DAR
DAR
REYN
REYN
Q4 25
2.01×
Q3 25
11.59×
1.18×
Q2 25
11.52×
1.25×
Q1 25
1.81×
Q4 24
1.52×
1.52×
Q3 24
16.19×
1.44×
Q2 24
1.86×
0.87×
Q1 24
3.25×
2.02×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

DAR
DAR

Fats$428.4M27%
Food Ingredients$380.6M24%
Diamond Green Diesel Holdings Llc Joint Venture$342.1M22%
Fuel Ingredients$154.3M10%
Used Cooking Oil$125.9M8%
Other Rendering$76.9M5%
Bakery$46.9M3%
Other Products And Services$12.2M1%

REYN
REYN

Reynolds Cooking And Baking$397.0M38%
Hefty Waste And Storage$247.0M24%
Tableware Products$229.0M22%
Presto Products$164.0M16%

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