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Side-by-side financial comparison of DARLING INGREDIENTS INC. (DAR) and Construction Partners, Inc. (ROAD). Click either name above to swap in a different company.
DARLING INGREDIENTS INC. is the larger business by last-quarter revenue ($1.6B vs $809.5M, roughly 1.9× Construction Partners, Inc.). Construction Partners, Inc. runs the higher net margin — 2.1% vs 1.2%, a 0.9% gap on every dollar of revenue. On growth, Construction Partners, Inc. posted the faster year-over-year revenue change (44.1% vs 10.0%). Over the past eight quarters, Construction Partners, Inc.'s revenue compounded faster (47.6% 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.
Alexander Construction Company was a Palm Springs, California, residential development company that built over 2,200 houses in the Coachella Valley of Riverside County, California, between 1955 and 1965.
DAR vs ROAD — Head-to-Head
Income Statement — Q3 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $1.6B | $809.5M |
| Net Profit | $19.4M | $17.2M |
| Gross Margin | 24.7% | 15.0% |
| Operating Margin | 4.6% | 6.2% |
| Net Margin | 1.2% | 2.1% |
| Revenue YoY | 10.0% | 44.1% |
| Net Profit YoY | 14.2% | 663.9% |
| EPS (diluted) | $0.12 | $0.31 |
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 | — | $809.5M | ||
| Q3 25 | $1.6B | $899.8M | ||
| Q2 25 | $1.5B | $779.3M | ||
| Q1 25 | $1.4B | $571.6M | ||
| Q4 24 | $1.4B | $561.6M | ||
| Q3 24 | $1.4B | $538.2M | ||
| Q2 24 | $1.5B | $517.8M | ||
| Q1 24 | $1.4B | $371.4M |
| Q4 25 | — | $17.2M | ||
| Q3 25 | $19.4M | $56.6M | ||
| Q2 25 | $12.7M | $44.0M | ||
| Q1 25 | $-26.2M | $4.2M | ||
| Q4 24 | $101.9M | $-3.1M | ||
| Q3 24 | $16.9M | $29.3M | ||
| Q2 24 | $78.9M | $30.9M | ||
| Q1 24 | $81.2M | $-1.1M |
| Q4 25 | — | 15.0% | ||
| Q3 25 | 24.7% | 17.7% | ||
| Q2 25 | 23.3% | 16.9% | ||
| Q1 25 | 22.6% | 12.5% | ||
| Q4 24 | 23.5% | 13.6% | ||
| Q3 24 | 22.1% | 15.6% | ||
| Q2 24 | 22.5% | 16.1% | ||
| Q1 24 | 21.4% | 10.4% |
| Q4 25 | — | 6.2% | ||
| Q3 25 | 4.6% | 11.2% | ||
| Q2 25 | 5.1% | 10.6% | ||
| Q1 25 | 2.1% | 4.8% | ||
| Q4 24 | 8.6% | 2.5% | ||
| Q3 24 | 4.2% | 8.5% | ||
| Q2 24 | 10.2% | 8.8% | ||
| Q1 24 | 9.7% | 0.8% |
| Q4 25 | — | 2.1% | ||
| Q3 25 | 1.2% | 6.3% | ||
| Q2 25 | 0.9% | 5.7% | ||
| Q1 25 | -1.9% | 0.7% | ||
| Q4 24 | 7.2% | -0.5% | ||
| Q3 24 | 1.2% | 5.4% | ||
| Q2 24 | 5.4% | 6.0% | ||
| Q1 24 | 5.7% | -0.3% |
| Q4 25 | — | $0.31 | ||
| Q3 25 | $0.12 | $1.03 | ||
| Q2 25 | $0.08 | $0.79 | ||
| Q1 25 | $-0.16 | $0.08 | ||
| Q4 24 | $0.63 | $-0.06 | ||
| Q3 24 | $0.11 | $0.55 | ||
| Q2 24 | $0.49 | $0.59 | ||
| Q1 24 | $0.50 | $-0.02 |
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 | $104.1M |
| Total DebtLower is stronger | $4.0B | — |
| Stockholders' EquityBook value | $4.7B | $969.1M |
| Total Assets | $10.5B | $3.4B |
| Debt / EquityLower = less leverage | 0.86× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $104.1M | ||
| Q3 25 | $91.5M | $156.1M | ||
| Q2 25 | $94.6M | $114.3M | ||
| Q1 25 | $81.5M | $101.9M | ||
| Q4 24 | $76.0M | $132.5M | ||
| Q3 24 | $114.8M | $74.7M | ||
| Q2 24 | $121.6M | $56.3M | ||
| Q1 24 | $145.5M | $48.0M |
| Q4 25 | — | — | ||
| Q3 25 | $4.0B | $1.6B | ||
| Q2 25 | $3.9B | — | ||
| Q1 25 | $3.8B | — | ||
| Q4 24 | $3.9B | — | ||
| Q3 24 | $4.1B | $515.0M | ||
| Q2 24 | $4.3B | — | ||
| Q1 24 | $4.4B | — |
| Q4 25 | — | $969.1M | ||
| Q3 25 | $4.7B | $912.0M | ||
| Q2 25 | $4.6B | $853.3M | ||
| Q1 25 | $4.4B | $807.9M | ||
| Q4 24 | $4.4B | $811.1M | ||
| Q3 24 | $4.6B | $573.7M | ||
| Q2 24 | $4.5B | $552.9M | ||
| Q1 24 | $4.6B | $525.0M |
| Q4 25 | — | $3.4B | ||
| Q3 25 | $10.5B | $3.2B | ||
| Q2 25 | $10.3B | $2.9B | ||
| Q1 25 | $10.0B | $2.8B | ||
| Q4 24 | $10.1B | $2.6B | ||
| Q3 24 | $10.6B | $1.5B | ||
| Q2 24 | $10.6B | $1.4B | ||
| Q1 24 | $10.9B | $1.3B |
| Q4 25 | — | — | ||
| Q3 25 | 0.86× | 1.78× | ||
| Q2 25 | 0.85× | — | ||
| Q1 25 | 0.86× | — | ||
| Q4 24 | 0.89× | — | ||
| Q3 24 | 0.91× | 0.90× | ||
| 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 | $82.6M |
| Free Cash FlowOCF − Capex | — | $47.1M |
| FCF MarginFCF / Revenue | — | 5.8% |
| Capex IntensityCapex / Revenue | — | 4.4% |
| Cash ConversionOCF / Net Profit | 11.59× | 4.80× |
| TTM Free Cash FlowTrailing 4 quarters | — | $186.6M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $82.6M | ||
| Q3 25 | $224.3M | $112.0M | ||
| Q2 25 | $145.8M | $83.0M | ||
| Q1 25 | $249.0M | $55.6M | ||
| Q4 24 | $154.4M | $40.7M | ||
| Q3 24 | $274.5M | $95.9M | ||
| Q2 24 | $146.5M | $34.6M | ||
| Q1 24 | $263.9M | $18.2M |
| Q4 25 | — | $47.1M | ||
| Q3 25 | — | $78.9M | ||
| Q2 25 | — | $46.4M | ||
| Q1 25 | — | $14.2M | ||
| Q4 24 | — | $13.8M | ||
| Q3 24 | — | $78.4M | ||
| Q2 24 | — | $19.7M | ||
| Q1 24 | — | $-10.6M |
| Q4 25 | — | 5.8% | ||
| Q3 25 | — | 8.8% | ||
| Q2 25 | — | 5.9% | ||
| Q1 25 | — | 2.5% | ||
| Q4 24 | — | 2.5% | ||
| Q3 24 | — | 14.6% | ||
| Q2 24 | — | 3.8% | ||
| Q1 24 | — | -2.8% |
| Q4 25 | — | 4.4% | ||
| Q3 25 | — | 3.7% | ||
| Q2 25 | — | 4.7% | ||
| Q1 25 | — | 7.2% | ||
| Q4 24 | — | 4.8% | ||
| Q3 24 | — | 3.3% | ||
| Q2 24 | — | 2.9% | ||
| Q1 24 | — | 7.7% |
| Q4 25 | — | 4.80× | ||
| Q3 25 | 11.59× | 1.98× | ||
| Q2 25 | 11.52× | 1.88× | ||
| Q1 25 | — | 13.20× | ||
| Q4 24 | 1.52× | — | ||
| Q3 24 | 16.19× | 3.27× | ||
| Q2 24 | 1.86× | 1.12× | ||
| Q1 24 | 3.25× | — |
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% |
ROAD
Segment breakdown not available.
