vs
Side-by-side financial comparison of DARLING INGREDIENTS INC. (DAR) and RESIDEO TECHNOLOGIES, INC. (REZI). Click either name above to swap in a different company.
RESIDEO TECHNOLOGIES, INC. is the larger business by last-quarter revenue ($1.9B vs $1.6B, roughly 1.2× DARLING INGREDIENTS INC.). RESIDEO TECHNOLOGIES, INC. runs the higher net margin — 7.2% vs 1.2%, a 5.9% gap on every dollar of revenue. On growth, DARLING INGREDIENTS INC. posted the faster year-over-year revenue change (10.0% vs 2.0%). Over the past eight quarters, RESIDEO TECHNOLOGIES, INC.'s revenue compounded faster (12.9% 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.
Resideo Technologies, Inc. is an American multinational company that was formed in 2018 out of a spin-off from Honeywell. It provides room air temperature, quality, and humidity control and security systems primarily in residential dwellings in the U.S. and internationally. The company operates in two segments: products and distribution. It manufactures and distributes smart-home and software products, including temperature and lighting control, security, and water and air monitoring. The com...
DAR vs REZI — Head-to-Head
Income Statement — Q3 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $1.6B | $1.9B |
| Net Profit | $19.4M | $136.0M |
| Gross Margin | 24.7% | 29.6% |
| Operating Margin | 4.6% | 7.4% |
| Net Margin | 1.2% | 7.2% |
| Revenue YoY | 10.0% | 2.0% |
| Net Profit YoY | 14.2% | 491.3% |
| EPS (diluted) | $0.12 | $0.99 |
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 | — | $1.9B | ||
| Q3 25 | $1.6B | $1.9B | ||
| Q2 25 | $1.5B | $1.9B | ||
| Q1 25 | $1.4B | $1.8B | ||
| Q4 24 | $1.4B | $1.9B | ||
| Q3 24 | $1.4B | $1.8B | ||
| Q2 24 | $1.5B | $1.6B | ||
| Q1 24 | $1.4B | $1.5B |
| Q4 25 | — | $136.0M | ||
| Q3 25 | $19.4M | $156.0M | ||
| Q2 25 | $12.7M | $-825.0M | ||
| Q1 25 | $-26.2M | $6.0M | ||
| Q4 24 | $101.9M | $23.0M | ||
| Q3 24 | $16.9M | $20.0M | ||
| Q2 24 | $78.9M | $30.0M | ||
| Q1 24 | $81.2M | $43.0M |
| Q4 25 | — | 29.6% | ||
| Q3 25 | 24.7% | 29.8% | ||
| Q2 25 | 23.3% | 29.3% | ||
| Q1 25 | 22.6% | 28.9% | ||
| Q4 24 | 23.5% | 28.5% | ||
| Q3 24 | 22.1% | 28.7% | ||
| Q2 24 | 22.5% | 28.1% | ||
| Q1 24 | 21.4% | 26.9% |
| Q4 25 | — | 7.4% | ||
| Q3 25 | 4.6% | 8.3% | ||
| Q2 25 | 5.1% | 9.1% | ||
| Q1 25 | 2.1% | 7.7% | ||
| Q4 24 | 8.6% | 7.8% | ||
| Q3 24 | 4.2% | 6.9% | ||
| Q2 24 | 10.2% | 7.7% | ||
| Q1 24 | 9.7% | 8.6% |
| Q4 25 | — | 7.2% | ||
| Q3 25 | 1.2% | 8.4% | ||
| Q2 25 | 0.9% | -42.5% | ||
| Q1 25 | -1.9% | 0.3% | ||
| Q4 24 | 7.2% | 1.2% | ||
| Q3 24 | 1.2% | 1.1% | ||
| Q2 24 | 5.4% | 1.9% | ||
| Q1 24 | 5.7% | 2.9% |
| Q4 25 | — | $0.99 | ||
| Q3 25 | $0.12 | $0.85 | ||
| Q2 25 | $0.08 | $-5.59 | ||
| Q1 25 | $-0.16 | $-0.02 | ||
| Q4 24 | $0.63 | $0.06 | ||
| Q3 24 | $0.11 | $0.07 | ||
| Q2 24 | $0.49 | $0.19 | ||
| Q1 24 | $0.50 | $0.29 |
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 | $661.0M |
| Total DebtLower is stronger | $4.0B | $3.2B |
| Stockholders' EquityBook value | $4.7B | $2.9B |
| Total Assets | $10.5B | $8.4B |
| Debt / EquityLower = less leverage | 0.86× | 1.11× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $661.0M | ||
| Q3 25 | $91.5M | $345.0M | ||
| Q2 25 | $94.6M | $753.0M | ||
| Q1 25 | $81.5M | $577.0M | ||
| Q4 24 | $76.0M | $692.0M | ||
| Q3 24 | $114.8M | $531.0M | ||
| Q2 24 | $121.6M | $413.0M | ||
| Q1 24 | $145.5M | $603.0M |
| Q4 25 | — | $3.2B | ||
| Q3 25 | $4.0B | $3.2B | ||
| Q2 25 | $3.9B | $2.0B | ||
| Q1 25 | $3.8B | $2.0B | ||
| Q4 24 | $3.9B | $2.0B | ||
| Q3 24 | $4.1B | $2.0B | ||
| Q2 24 | $4.3B | $2.0B | ||
| Q1 24 | $4.4B | $1.4B |
| Q4 25 | — | $2.9B | ||
| Q3 25 | $4.7B | $2.8B | ||
| Q2 25 | $4.6B | $2.6B | ||
| Q1 25 | $4.4B | $3.3B | ||
| Q4 24 | $4.4B | $3.3B | ||
| Q3 24 | $4.6B | $3.4B | ||
| Q2 24 | $4.5B | $3.3B | ||
| Q1 24 | $4.6B | $2.8B |
| Q4 25 | — | $8.4B | ||
| Q3 25 | $10.5B | $8.2B | ||
| Q2 25 | $10.3B | $8.5B | ||
| Q1 25 | $10.0B | $8.1B | ||
| Q4 24 | $10.1B | $8.2B | ||
| Q3 24 | $10.6B | $8.1B | ||
| Q2 24 | $10.6B | $8.0B | ||
| Q1 24 | $10.9B | $6.5B |
| Q4 25 | — | 1.11× | ||
| Q3 25 | 0.86× | 1.17× | ||
| Q2 25 | 0.85× | 0.77× | ||
| Q1 25 | 0.86× | 0.60× | ||
| Q4 24 | 0.89× | 0.61× | ||
| Q3 24 | 0.91× | 0.60× | ||
| Q2 24 | 0.97× | 0.61× | ||
| Q1 24 | 0.95× | 0.51× |
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 | $299.0M |
| Free Cash FlowOCF − Capex | — | $262.0M |
| FCF MarginFCF / Revenue | — | 13.8% |
| Capex IntensityCapex / Revenue | — | 2.0% |
| Cash ConversionOCF / Net Profit | 11.59× | 2.20× |
| TTM Free Cash FlowTrailing 4 quarters | — | $-1.3B |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $299.0M | ||
| Q3 25 | $224.3M | $-1.6B | ||
| Q2 25 | $145.8M | $200.0M | ||
| Q1 25 | $249.0M | $-65.0M | ||
| Q4 24 | $154.4M | $203.0M | ||
| Q3 24 | $274.5M | $147.0M | ||
| Q2 24 | $146.5M | $92.0M | ||
| Q1 24 | $263.9M | $2.0M |
| Q4 25 | — | $262.0M | ||
| Q3 25 | — | $-1.6B | ||
| Q2 25 | — | $180.0M | ||
| Q1 25 | — | $-96.0M | ||
| Q4 24 | — | $181.0M | ||
| Q3 24 | — | $125.0M | ||
| Q2 24 | — | $77.0M | ||
| Q1 24 | — | $-19.0M |
| Q4 25 | — | 13.8% | ||
| Q3 25 | — | -85.8% | ||
| Q2 25 | — | 9.3% | ||
| Q1 25 | — | -5.4% | ||
| Q4 24 | — | 9.7% | ||
| Q3 24 | — | 6.8% | ||
| Q2 24 | — | 4.8% | ||
| Q1 24 | — | -1.3% |
| Q4 25 | — | 2.0% | ||
| Q3 25 | — | 1.5% | ||
| Q2 25 | — | 1.0% | ||
| Q1 25 | — | 1.8% | ||
| Q4 24 | — | 1.2% | ||
| Q3 24 | — | 1.2% | ||
| Q2 24 | — | 0.9% | ||
| Q1 24 | — | 1.4% |
| Q4 25 | — | 2.20× | ||
| Q3 25 | 11.59× | -10.07× | ||
| Q2 25 | 11.52× | — | ||
| Q1 25 | — | -10.83× | ||
| Q4 24 | 1.52× | 8.83× | ||
| Q3 24 | 16.19× | 7.35× | ||
| Q2 24 | 1.86× | 3.07× | ||
| Q1 24 | 3.25× | 0.05× |
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% |
REZI
| ADI Global Distribution Segment | $1.2B | 62% |
| Safety And Security | $257.0M | 14% |
| Air | $211.0M | 11% |
| Energy Service | $153.0M | 8% |
| Public Utilities Inventory Water | $91.0M | 5% |
