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Side-by-side financial comparison of DARLING INGREDIENTS INC. (DAR) and Rithm Capital Corp. (RITM). Click either name above to swap in a different company.
DARLING INGREDIENTS INC. is the larger business by last-quarter revenue ($1.6B vs $828.2M, roughly 1.9× Rithm Capital Corp.). Rithm Capital Corp. runs the higher net margin — 13.2% vs 1.2%, a 12.0% gap on every dollar of revenue. On growth, DARLING INGREDIENTS INC. posted the faster year-over-year revenue change (10.0% vs -40.0%). Over the past eight quarters, DARLING INGREDIENTS INC.'s revenue compounded faster (-1.6% CAGR vs -17.9%).
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.
Rithm Capital Corp. (Rithm) is an American investment management company headquartered in New York that focuses on real estate and alternative investments.
DAR vs RITM — Head-to-Head
Income Statement — Q3 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $1.6B | $828.2M |
| Net Profit | $19.4M | $109.5M |
| Gross Margin | 24.7% | — |
| Operating Margin | 4.6% | — |
| Net Margin | 1.2% | 13.2% |
| Revenue YoY | 10.0% | -40.0% |
| Net Profit YoY | 14.2% | 20.9% |
| EPS (diluted) | $0.12 | $0.12 |
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.
| Q1 26 | — | $828.2M | ||
| Q4 25 | — | $1.5B | ||
| Q3 25 | $1.6B | $1.1B | ||
| Q2 25 | $1.5B | $1.2B | ||
| Q1 25 | $1.4B | $768.4M | ||
| Q4 24 | $1.4B | $2.1B | ||
| Q3 24 | $1.4B | $619.5M | ||
| Q2 24 | $1.5B | $1.2B |
| Q1 26 | — | $109.5M | ||
| Q4 25 | — | $85.0M | ||
| Q3 25 | $19.4M | $221.5M | ||
| Q2 25 | $12.7M | $311.7M | ||
| Q1 25 | $-26.2M | $78.8M | ||
| Q4 24 | $101.9M | $290.2M | ||
| Q3 24 | $16.9M | $121.7M | ||
| Q2 24 | $78.9M | $235.6M |
| Q1 26 | — | — | ||
| 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% | — |
| Q1 26 | — | — | ||
| Q4 25 | — | 13.8% | ||
| Q3 25 | 4.6% | 21.4% | ||
| Q2 25 | 5.1% | 25.2% | ||
| Q1 25 | 2.1% | 7.4% | ||
| Q4 24 | 8.6% | 23.8% | ||
| Q3 24 | 4.2% | 7.3% | ||
| Q2 24 | 10.2% | 23.6% |
| Q1 26 | — | 13.2% | ||
| Q4 25 | — | 5.7% | ||
| Q3 25 | 1.2% | 20.0% | ||
| Q2 25 | 0.9% | 25.6% | ||
| Q1 25 | -1.9% | 10.3% | ||
| Q4 24 | 7.2% | 14.0% | ||
| Q3 24 | 1.2% | 19.7% | ||
| Q2 24 | 5.4% | 19.2% |
| Q1 26 | — | $0.12 | ||
| Q4 25 | — | $0.09 | ||
| Q3 25 | $0.12 | $0.35 | ||
| Q2 25 | $0.08 | $0.53 | ||
| Q1 25 | $-0.16 | $0.07 | ||
| Q4 24 | $0.63 | $0.50 | ||
| Q3 24 | $0.11 | $0.20 | ||
| Q2 24 | $0.49 | $0.43 |
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 | — |
| Stockholders' EquityBook value | $4.7B | $9.1B |
| Total Assets | $10.5B | $53.4B |
| Debt / EquityLower = less leverage | 0.86× | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | — | $1.8B | ||
| Q3 25 | $91.5M | $1.6B | ||
| Q2 25 | $94.6M | $1.6B | ||
| Q1 25 | $81.5M | $1.5B | ||
| Q4 24 | $76.0M | $1.5B | ||
| Q3 24 | $114.8M | $1.6B | ||
| Q2 24 | $121.6M | $1.2B |
| Q1 26 | — | — | ||
| Q4 25 | — | $35.4B | ||
| Q3 25 | $4.0B | $32.2B | ||
| Q2 25 | $3.9B | $31.2B | ||
| Q1 25 | $3.8B | $32.2B | ||
| Q4 24 | $3.9B | $32.6B | ||
| Q3 24 | $4.1B | $29.6B | ||
| Q2 24 | $4.3B | $30.1B |
| Q1 26 | — | $9.1B | ||
| Q4 25 | — | $8.4B | ||
| Q3 25 | $4.7B | $8.5B | ||
| Q2 25 | $4.6B | $7.9B | ||
| Q1 25 | $4.4B | $7.8B | ||
| Q4 24 | $4.4B | $7.8B | ||
| Q3 24 | $4.6B | $7.7B | ||
| Q2 24 | $4.5B | $7.3B |
| Q1 26 | — | $53.4B | ||
| Q4 25 | — | $53.1B | ||
| Q3 25 | $10.5B | $47.2B | ||
| Q2 25 | $10.3B | $44.3B | ||
| Q1 25 | $10.0B | $45.3B | ||
| Q4 24 | $10.1B | $46.0B | ||
| Q3 24 | $10.6B | $42.3B | ||
| Q2 24 | $10.6B | $42.0B |
| Q1 26 | — | — | ||
| Q4 25 | — | 4.20× | ||
| Q3 25 | 0.86× | 3.79× | ||
| Q2 25 | 0.85× | 3.92× | ||
| Q1 25 | 0.86× | 4.14× | ||
| Q4 24 | 0.89× | 4.18× | ||
| Q3 24 | 0.91× | 3.87× | ||
| Q2 24 | 0.97× | 4.10× |
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 | — |
| Free Cash FlowOCF − Capex | — | — |
| FCF MarginFCF / Revenue | — | — |
| Capex IntensityCapex / Revenue | — | — |
| Cash ConversionOCF / Net Profit | 11.59× | — |
| TTM Free Cash FlowTrailing 4 quarters | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | — | $-114.6M | ||
| Q3 25 | $224.3M | $-2.0B | ||
| Q2 25 | $145.8M | $-557.1M | ||
| Q1 25 | $249.0M | $1.4B | ||
| Q4 24 | $154.4M | $-1.8B | ||
| Q3 24 | $274.5M | $768.1M | ||
| Q2 24 | $146.5M | $-55.7M |
| Q1 26 | — | — | ||
| Q4 25 | — | -1.35× | ||
| Q3 25 | 11.59× | -9.22× | ||
| Q2 25 | 11.52× | -1.79× | ||
| Q1 25 | — | 18.03× | ||
| Q4 24 | 1.52× | -6.04× | ||
| Q3 24 | 16.19× | 6.31× | ||
| Q2 24 | 1.86× | -0.24× |
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% |
RITM
| Servicing revenue, net | $375.1M | 45% |
| Other | $234.9M | 28% |
| Gain on originated residential mortgage loans, held-for-sale, net | $195.0M | 24% |
| Other revenue | $23.3M | 3% |
