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Side-by-side financial comparison of DARLING INGREDIENTS INC. (DAR) and Sinclair, Inc. (SBGI). Click either name above to swap in a different company.
DARLING INGREDIENTS INC. is the larger business by last-quarter revenue ($1.6B vs $807.0M, roughly 1.9× Sinclair, Inc.). Sinclair, Inc. runs the higher net margin — 2.5% vs 1.2%, a 1.2% gap on every dollar of revenue. On growth, DARLING INGREDIENTS INC. posted the faster year-over-year revenue change (10.0% vs 4.0%). Over the past eight quarters, Sinclair, Inc.'s revenue compounded faster (-1.3% 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.
Sinclair, Inc., doing business as Sinclair Broadcast Group, is a publicly traded American telecommunications conglomerate that is controlled by the descendants of company founder Julian Sinclair Smith. Headquartered in the Baltimore suburb of Cockeysville, Maryland, the company is the second-largest television station operator in the United States by number of stations after Nexstar Media Group, owning or operating 193 stations across the country in over 100 markets, covering 40% of American ...
DAR vs SBGI — Head-to-Head
Income Statement — Q3 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $1.6B | $807.0M |
| Net Profit | $19.4M | $20.0M |
| Gross Margin | 24.7% | — |
| Operating Margin | 4.6% | 0.0% |
| Net Margin | 1.2% | 2.5% |
| Revenue YoY | 10.0% | 4.0% |
| Net Profit YoY | 14.2% | — |
| EPS (diluted) | $0.12 | $0.28 |
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 | — | $807.0M | ||
| Q4 25 | — | $836.0M | ||
| Q3 25 | $1.6B | $773.0M | ||
| Q2 25 | $1.5B | $784.0M | ||
| Q1 25 | $1.4B | $776.0M | ||
| Q4 24 | $1.4B | $1.0B | ||
| Q3 24 | $1.4B | $917.0M | ||
| Q2 24 | $1.5B | $829.0M |
| Q1 26 | — | $20.0M | ||
| Q4 25 | — | $109.0M | ||
| Q3 25 | $19.4M | $-1.0M | ||
| Q2 25 | $12.7M | $-64.0M | ||
| Q1 25 | $-26.2M | $-156.0M | ||
| Q4 24 | $101.9M | $176.0M | ||
| Q3 24 | $16.9M | $94.0M | ||
| Q2 24 | $78.9M | $17.0M |
| 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 | — | 0.0% | ||
| Q4 25 | — | 9.6% | ||
| Q3 25 | 4.6% | 7.5% | ||
| Q2 25 | 5.1% | 2.7% | ||
| Q1 25 | 2.1% | 1.8% | ||
| Q4 24 | 8.6% | 26.5% | ||
| Q3 24 | 4.2% | 19.5% | ||
| Q2 24 | 10.2% | 7.7% |
| Q1 26 | — | 2.5% | ||
| Q4 25 | — | 13.0% | ||
| Q3 25 | 1.2% | -0.1% | ||
| Q2 25 | 0.9% | -8.2% | ||
| Q1 25 | -1.9% | -20.1% | ||
| Q4 24 | 7.2% | 17.5% | ||
| Q3 24 | 1.2% | 10.3% | ||
| Q2 24 | 5.4% | 2.1% |
| Q1 26 | — | $0.28 | ||
| Q4 25 | — | $1.62 | ||
| Q3 25 | $0.12 | $-0.02 | ||
| Q2 25 | $0.08 | $-0.91 | ||
| Q1 25 | $-0.16 | $-2.30 | ||
| Q4 24 | $0.63 | $2.64 | ||
| Q3 24 | $0.11 | $1.43 | ||
| Q2 24 | $0.49 | $0.27 |
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 | — |
| Total Assets | $10.5B | — |
| Debt / EquityLower = less leverage | 0.86× | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | — | $866.0M | ||
| Q3 25 | $91.5M | $526.0M | ||
| Q2 25 | $94.6M | $616.0M | ||
| Q1 25 | $81.5M | $631.0M | ||
| Q4 24 | $76.0M | $697.0M | ||
| Q3 24 | $114.8M | $536.0M | ||
| Q2 24 | $121.6M | $378.0M |
| Q1 26 | — | — | ||
| Q4 25 | — | $4.4B | ||
| Q3 25 | $4.0B | $4.1B | ||
| Q2 25 | $3.9B | $4.1B | ||
| Q1 25 | $3.8B | $4.2B | ||
| Q4 24 | $3.9B | $4.1B | ||
| Q3 24 | $4.1B | $4.1B | ||
| Q2 24 | $4.3B | $4.1B |
| Q1 26 | — | — | ||
| Q4 25 | — | $443.0M | ||
| Q3 25 | $4.7B | $347.0M | ||
| Q2 25 | $4.6B | $361.0M | ||
| Q1 25 | $4.4B | $436.0M | ||
| Q4 24 | $4.4B | $583.0M | ||
| Q3 24 | $4.6B | $415.0M | ||
| Q2 24 | $4.5B | $340.0M |
| Q1 26 | — | — | ||
| Q4 25 | — | $5.9B | ||
| Q3 25 | $10.5B | $5.6B | ||
| Q2 25 | $10.3B | $5.7B | ||
| Q1 25 | $10.0B | $5.8B | ||
| Q4 24 | $10.1B | $5.9B | ||
| Q3 24 | $10.6B | $5.8B | ||
| Q2 24 | $10.6B | $5.7B |
| Q1 26 | — | — | ||
| Q4 25 | — | 9.84× | ||
| Q3 25 | 0.86× | 11.75× | ||
| Q2 25 | 0.85× | 11.30× | ||
| Q1 25 | 0.86× | 9.56× | ||
| Q4 24 | 0.89× | 7.02× | ||
| Q3 24 | 0.91× | 9.86× | ||
| Q2 24 | 0.97× | 12.08× |
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 | — | 1.7% |
| Cash ConversionOCF / Net Profit | 11.59× | — |
| TTM Free Cash FlowTrailing 4 quarters | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | — | $98.0M | ||
| Q3 25 | $224.3M | $-36.0M | ||
| Q2 25 | $145.8M | $122.0M | ||
| Q1 25 | $249.0M | $5.0M | ||
| Q4 24 | $154.4M | $198.0M | ||
| Q3 24 | $274.5M | $210.0M | ||
| Q2 24 | $146.5M | $-306.0M |
| Q1 26 | — | — | ||
| Q4 25 | — | $79.0M | ||
| Q3 25 | — | $-58.0M | ||
| Q2 25 | — | $105.0M | ||
| Q1 25 | — | $-11.0M | ||
| Q4 24 | — | $175.0M | ||
| Q3 24 | — | $193.0M | ||
| Q2 24 | — | $-329.0M |
| Q1 26 | — | — | ||
| Q4 25 | — | 9.4% | ||
| Q3 25 | — | -7.5% | ||
| Q2 25 | — | 13.4% | ||
| Q1 25 | — | -1.4% | ||
| Q4 24 | — | 17.4% | ||
| Q3 24 | — | 21.0% | ||
| Q2 24 | — | -39.7% |
| Q1 26 | — | 1.7% | ||
| Q4 25 | — | 2.3% | ||
| Q3 25 | — | 2.8% | ||
| Q2 25 | — | 2.2% | ||
| Q1 25 | — | 2.1% | ||
| Q4 24 | — | 2.3% | ||
| Q3 24 | — | 1.9% | ||
| Q2 24 | — | 2.8% |
| Q1 26 | — | — | ||
| Q4 25 | — | 0.90× | ||
| Q3 25 | 11.59× | — | ||
| Q2 25 | 11.52× | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 1.52× | 1.13× | ||
| Q3 24 | 16.19× | 2.23× | ||
| Q2 24 | 1.86× | -18.00× |
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% |
SBGI
| Media revenue | $701.0M | 87% |
| Other | $82.0M | 10% |
| Political advertising revenue | $18.0M | 2% |
| Non-media revenue | $6.0M | 1% |
