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Side-by-side financial comparison of DARLING INGREDIENTS INC. (DAR) and RH (RH). Click either name above to swap in a different company.
DARLING INGREDIENTS INC. is the larger business by last-quarter revenue ($1.6B vs $883.8M, roughly 1.8× RH). RH runs the higher net margin — 4.1% vs 1.2%, a 2.9% gap on every dollar of revenue. On growth, DARLING INGREDIENTS INC. posted the faster year-over-year revenue change (10.0% vs 8.9%). Over the past eight quarters, RH's revenue compounded faster (9.4% 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.
RH is an upscale American home-furnishings company headquartered in Corte Madera, California. The company sells its merchandise through its retail stores, catalog, and online. As of August 2018, the company operated a total of 70 galleries, 18 full-line design galleries, and 3 baby-and-child galleries. The company also has 36 outlet stores in the United States and Canada.
DAR vs RH — Head-to-Head
Income Statement — Q3 FY2025 vs Q3 FY2026
| Metric | | |
|---|---|---|
| Revenue | $1.6B | $883.8M |
| Net Profit | $19.4M | $36.3M |
| Gross Margin | 24.7% | 44.1% |
| Operating Margin | 4.6% | 12.0% |
| Net Margin | 1.2% | 4.1% |
| Revenue YoY | 10.0% | 8.9% |
| Net Profit YoY | 14.2% | 9.3% |
| EPS (diluted) | $0.12 | $1.83 |
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 | — | $883.8M | ||
| Q3 25 | $1.6B | $899.2M | ||
| Q2 25 | $1.5B | $814.0M | ||
| Q1 25 | $1.4B | $812.4M | ||
| Q4 24 | $1.4B | $811.7M | ||
| Q3 24 | $1.4B | $829.7M | ||
| Q2 24 | $1.5B | $727.0M | ||
| Q1 24 | $1.4B | $738.3M |
| Q4 25 | — | $36.3M | ||
| Q3 25 | $19.4M | $51.7M | ||
| Q2 25 | $12.7M | $8.0M | ||
| Q1 25 | $-26.2M | $13.9M | ||
| Q4 24 | $101.9M | $33.2M | ||
| Q3 24 | $16.9M | $29.0M | ||
| Q2 24 | $78.9M | $-3.6M | ||
| Q1 24 | $81.2M | $11.4M |
| Q4 25 | — | 44.1% | ||
| Q3 25 | 24.7% | 45.5% | ||
| Q2 25 | 23.3% | 43.7% | ||
| Q1 25 | 22.6% | 44.7% | ||
| Q4 24 | 23.5% | 44.5% | ||
| Q3 24 | 22.1% | 45.2% | ||
| Q2 24 | 22.5% | 43.5% | ||
| Q1 24 | 21.4% | 43.5% |
| Q4 25 | — | 12.0% | ||
| Q3 25 | 4.6% | 14.3% | ||
| Q2 25 | 5.1% | 6.9% | ||
| Q1 25 | 2.1% | 8.7% | ||
| Q4 24 | 8.6% | 12.5% | ||
| Q3 24 | 4.2% | 11.6% | ||
| Q2 24 | 10.2% | 7.5% | ||
| Q1 24 | 9.7% | 8.7% |
| Q4 25 | — | 4.1% | ||
| Q3 25 | 1.2% | 5.8% | ||
| Q2 25 | 0.9% | 1.0% | ||
| Q1 25 | -1.9% | 1.7% | ||
| Q4 24 | 7.2% | 4.1% | ||
| Q3 24 | 1.2% | 3.5% | ||
| Q2 24 | 5.4% | -0.5% | ||
| Q1 24 | 5.7% | 1.5% |
| Q4 25 | — | $1.83 | ||
| Q3 25 | $0.12 | $2.62 | ||
| Q2 25 | $0.08 | $0.40 | ||
| Q1 25 | $-0.16 | $0.71 | ||
| Q4 24 | $0.63 | $1.66 | ||
| Q3 24 | $0.11 | $1.45 | ||
| Q2 24 | $0.49 | $-0.20 | ||
| Q1 24 | $0.50 | $0.91 |
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 | $43.1M |
| Total DebtLower is stronger | $4.0B | — |
| Stockholders' EquityBook value | $4.7B | $3.3M |
| Total Assets | $10.5B | $4.8B |
| Debt / EquityLower = less leverage | 0.86× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $43.1M | ||
| Q3 25 | $91.5M | $34.6M | ||
| Q2 25 | $94.6M | $46.1M | ||
| Q1 25 | $81.5M | $30.4M | ||
| Q4 24 | $76.0M | $87.0M | ||
| Q3 24 | $114.8M | $78.3M | ||
| Q2 24 | $121.6M | $101.8M | ||
| Q1 24 | $145.5M | $123.7M |
| 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 | — | $3.3M | ||
| Q3 25 | $4.7B | $-40.9M | ||
| Q2 25 | $4.6B | $-110.8M | ||
| Q1 25 | $4.4B | $-163.6M | ||
| Q4 24 | $4.4B | $-183.0M | ||
| Q3 24 | $4.6B | $-234.7M | ||
| Q2 24 | $4.5B | $-289.9M | ||
| Q1 24 | $4.6B | $-297.4M |
| Q4 25 | — | $4.8B | ||
| Q3 25 | $10.5B | $4.7B | ||
| Q2 25 | $10.3B | $4.7B | ||
| Q1 25 | $10.0B | $4.6B | ||
| Q4 24 | $10.1B | $4.5B | ||
| Q3 24 | $10.6B | $4.4B | ||
| Q2 24 | $10.6B | $4.2B | ||
| Q1 24 | $10.9B | $4.1B |
| 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 | $131.9M |
| Free Cash FlowOCF − Capex | — | $83.0M |
| FCF MarginFCF / Revenue | — | 9.4% |
| Capex IntensityCapex / Revenue | — | 5.5% |
| Cash ConversionOCF / Net Profit | 11.59× | 3.64× |
| TTM Free Cash FlowTrailing 4 quarters | — | $128.1M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $131.9M | ||
| Q3 25 | $224.3M | $137.7M | ||
| Q2 25 | $145.8M | $86.6M | ||
| Q1 25 | $249.0M | $-18.8M | ||
| Q4 24 | $154.4M | $-31.4M | ||
| Q3 24 | $274.5M | $11.2M | ||
| Q2 24 | $146.5M | $56.1M | ||
| Q1 24 | $263.9M | $-114.0M |
| Q4 25 | — | $83.0M | ||
| Q3 25 | — | $80.7M | ||
| Q2 25 | — | $34.1M | ||
| Q1 25 | — | $-69.7M | ||
| Q4 24 | — | $-96.0M | ||
| Q3 24 | — | $-37.9M | ||
| Q2 24 | — | $-10.1M | ||
| Q1 24 | — | $-251.5M |
| Q4 25 | — | 9.4% | ||
| Q3 25 | — | 9.0% | ||
| Q2 25 | — | 4.2% | ||
| Q1 25 | — | -8.6% | ||
| Q4 24 | — | -11.8% | ||
| Q3 24 | — | -4.6% | ||
| Q2 24 | — | -1.4% | ||
| Q1 24 | — | -34.1% |
| Q4 25 | — | 5.5% | ||
| Q3 25 | — | 6.3% | ||
| Q2 25 | — | 6.5% | ||
| Q1 25 | — | 6.3% | ||
| Q4 24 | — | 8.0% | ||
| Q3 24 | — | 5.9% | ||
| Q2 24 | — | 9.1% | ||
| Q1 24 | — | 18.6% |
| Q4 25 | — | 3.64× | ||
| Q3 25 | 11.59× | 2.66× | ||
| Q2 25 | 11.52× | 10.78× | ||
| Q1 25 | — | -1.35× | ||
| Q4 24 | 1.52× | -0.95× | ||
| Q3 24 | 16.19× | 0.39× | ||
| Q2 24 | 1.86× | — | ||
| Q1 24 | 3.25× | -10.01× |
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% |
RH
| RH Segment | $835.8M | 95% |
| Waterworks Segment | $48.0M | 5% |
| Gift Card And Merchandise Credit | $4.5M | 1% |
