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Side-by-side financial comparison of DARLING INGREDIENTS INC. (DAR) and RENAISSANCERE HOLDINGS LTD (RNR). Click either name above to swap in a different company.
RENAISSANCERE HOLDINGS LTD is the larger business by last-quarter revenue ($2.2B vs $1.6B, roughly 1.4× DARLING INGREDIENTS INC.). RENAISSANCERE HOLDINGS LTD runs the higher net margin — 23.5% vs 1.2%, a 22.3% gap on every dollar of revenue. On growth, DARLING INGREDIENTS INC. posted the faster year-over-year revenue change (10.0% vs -36.8%). Over the past eight quarters, DARLING INGREDIENTS INC.'s revenue compounded faster (-1.6% CAGR vs -11.9%).
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.
RenaissanceRe Holdings Ltd is a Bermudian provider of reinsurance, insurance and other related business services. The company operates in reinsurance, insurance and ventures.
DAR vs RNR — Head-to-Head
Income Statement — Q3 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $1.6B | $2.2B |
| Net Profit | $19.4M | $515.8M |
| Gross Margin | 24.7% | — |
| Operating Margin | 4.6% | — |
| Net Margin | 1.2% | 23.5% |
| Revenue YoY | 10.0% | -36.8% |
| Net Profit YoY | 14.2% | 72.6% |
| EPS (diluted) | $0.12 | $6.57 |
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 | — | $2.2B | ||
| Q4 25 | — | $3.0B | ||
| Q3 25 | $1.6B | $3.2B | ||
| Q2 25 | $1.5B | $3.2B | ||
| Q1 25 | $1.4B | $3.5B | ||
| Q4 24 | $1.4B | $2.3B | ||
| Q3 24 | $1.4B | $4.0B | ||
| Q2 24 | $1.5B | $2.8B |
| Q1 26 | — | $515.8M | ||
| Q4 25 | — | $760.5M | ||
| Q3 25 | $19.4M | $916.5M | ||
| Q2 25 | $12.7M | $835.4M | ||
| Q1 25 | $-26.2M | $170.0M | ||
| Q4 24 | $101.9M | $-189.7M | ||
| Q3 24 | $16.9M | $1.2B | ||
| Q2 24 | $78.9M | $503.9M |
| 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 | — | 42.5% | ||
| Q3 25 | 4.6% | 46.3% | ||
| Q2 25 | 5.1% | 41.8% | ||
| Q1 25 | 2.1% | -2.0% | ||
| Q4 24 | 8.6% | -3.6% | ||
| Q3 24 | 4.2% | 43.7% | ||
| Q2 24 | 10.2% | 25.0% |
| Q1 26 | — | 23.5% | ||
| Q4 25 | — | 25.6% | ||
| Q3 25 | 1.2% | 28.7% | ||
| Q2 25 | 0.9% | 26.1% | ||
| Q1 25 | -1.9% | 4.9% | ||
| Q4 24 | 7.2% | -8.3% | ||
| Q3 24 | 1.2% | 29.8% | ||
| Q2 24 | 5.4% | 17.8% |
| Q1 26 | — | $6.57 | ||
| Q4 25 | — | $16.16 | ||
| Q3 25 | $0.12 | $19.40 | ||
| Q2 25 | $0.08 | $17.20 | ||
| Q1 25 | $-0.16 | $3.27 | ||
| Q4 24 | $0.63 | $-3.76 | ||
| Q3 24 | $0.11 | $22.62 | ||
| Q2 24 | $0.49 | $9.41 |
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 | $1.6B |
| Total DebtLower is stronger | $4.0B | — |
| Stockholders' EquityBook value | $4.7B | $4.3B |
| Total Assets | $10.5B | $53.7B |
| Debt / EquityLower = less leverage | 0.86× | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $1.6B | ||
| Q4 25 | — | $1.7B | ||
| Q3 25 | $91.5M | $1.7B | ||
| Q2 25 | $94.6M | $1.4B | ||
| Q1 25 | $81.5M | $1.6B | ||
| Q4 24 | $76.0M | $1.7B | ||
| Q3 24 | $114.8M | $1.6B | ||
| Q2 24 | $121.6M | $1.6B |
| Q1 26 | — | — | ||
| Q4 25 | — | $2.3B | ||
| Q3 25 | $4.0B | $2.2B | ||
| Q2 25 | $3.9B | $2.3B | ||
| Q1 25 | $3.8B | $2.8B | ||
| Q4 24 | $3.9B | $1.9B | ||
| Q3 24 | $4.1B | $1.9B | ||
| Q2 24 | $4.3B | $2.0B |
| Q1 26 | — | $4.3B | ||
| Q4 25 | — | $11.6B | ||
| Q3 25 | $4.7B | $11.5B | ||
| Q2 25 | $4.6B | $10.8B | ||
| Q1 25 | $4.4B | $10.3B | ||
| Q4 24 | $4.4B | $10.6B | ||
| Q3 24 | $4.6B | $11.2B | ||
| Q2 24 | $4.5B | $10.2B |
| Q1 26 | — | $53.7B | ||
| Q4 25 | — | $53.8B | ||
| Q3 25 | $10.5B | $54.5B | ||
| Q2 25 | $10.3B | $54.7B | ||
| Q1 25 | $10.0B | $53.6B | ||
| Q4 24 | $10.1B | $50.7B | ||
| Q3 24 | $10.6B | $52.8B | ||
| Q2 24 | $10.6B | $51.6B |
| Q1 26 | — | — | ||
| Q4 25 | — | 0.20× | ||
| Q3 25 | 0.86× | 0.19× | ||
| Q2 25 | 0.85× | 0.21× | ||
| Q1 25 | 0.86× | 0.27× | ||
| Q4 24 | 0.89× | 0.18× | ||
| Q3 24 | 0.91× | 0.17× | ||
| Q2 24 | 0.97× | 0.19× |
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 | — | $483.0M | ||
| Q3 25 | $224.3M | $1.6B | ||
| Q2 25 | $145.8M | $1.5B | ||
| Q1 25 | $249.0M | $157.8M | ||
| Q4 24 | $154.4M | $778.9M | ||
| Q3 24 | $274.5M | $1.5B | ||
| Q2 24 | $146.5M | $1.2B |
| Q1 26 | — | — | ||
| Q4 25 | — | 0.64× | ||
| Q3 25 | 11.59× | 1.73× | ||
| Q2 25 | 11.52× | 1.76× | ||
| Q1 25 | — | 0.93× | ||
| Q4 24 | 1.52× | — | ||
| Q3 24 | 16.19× | 1.26× | ||
| Q2 24 | 1.86× | 2.41× |
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% |
RNR
Segment breakdown not available.
