vs
Side-by-side financial comparison of DARLING INGREDIENTS INC. (DAR) and Schneider National, Inc. (SNDR). Click either name above to swap in a different company.
DARLING INGREDIENTS INC. is the larger business by last-quarter revenue ($1.6B vs $1.2B, roughly 1.3× Schneider National, Inc.). Schneider National, Inc. runs the higher net margin — 1.6% vs 1.2%, a 0.4% gap on every dollar of revenue. On growth, DARLING INGREDIENTS INC. posted the faster year-over-year revenue change (10.0% vs -1.2%). Over the past eight quarters, DARLING INGREDIENTS INC.'s revenue compounded faster (-1.6% CAGR vs -2.8%).
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.
Schneider National, Inc. is an American transportation company that provides truckload, intermodal, and logistics services. Schneider's services include regional, long-haul, expedited, dedicated, bulk, intermodal, brokerage, cross-dock logistics, pool point distribution, supply chain management, and port logistics.
DAR vs SNDR — Head-to-Head
Income Statement — Q3 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $1.6B | $1.2B |
| Net Profit | $19.4M | $20.4M |
| Gross Margin | 24.7% | — |
| Operating Margin | 4.6% | 2.7% |
| Net Margin | 1.2% | 1.6% |
| Revenue YoY | 10.0% | -1.2% |
| Net Profit YoY | 14.2% | -21.8% |
| 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 | — | $1.2B | ||
| Q4 25 | — | $1.4B | ||
| Q3 25 | $1.6B | $1.5B | ||
| Q2 25 | $1.5B | $1.4B | ||
| Q1 25 | $1.4B | $1.4B | ||
| Q4 24 | $1.4B | $1.3B | ||
| Q3 24 | $1.4B | $1.3B | ||
| Q2 24 | $1.5B | $1.3B |
| Q1 26 | — | $20.4M | ||
| Q4 25 | — | $22.1M | ||
| Q3 25 | $19.4M | $19.4M | ||
| Q2 25 | $12.7M | $36.0M | ||
| Q1 25 | $-26.2M | $26.1M | ||
| Q4 24 | $101.9M | $32.6M | ||
| Q3 24 | $16.9M | $30.6M | ||
| Q2 24 | $78.9M | $35.3M |
| 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 | — | 2.7% | ||
| Q4 25 | — | 2.6% | ||
| Q3 25 | 4.6% | 2.4% | ||
| Q2 25 | 5.1% | 3.9% | ||
| Q1 25 | 2.1% | 3.0% | ||
| Q4 24 | 8.6% | 3.2% | ||
| Q3 24 | 4.2% | 3.3% | ||
| Q2 24 | 10.2% | 3.9% |
| Q1 26 | — | 1.6% | ||
| Q4 25 | — | 1.6% | ||
| Q3 25 | 1.2% | 1.3% | ||
| Q2 25 | 0.9% | 2.5% | ||
| Q1 25 | -1.9% | 1.9% | ||
| Q4 24 | 7.2% | 2.4% | ||
| Q3 24 | 1.2% | 2.3% | ||
| Q2 24 | 5.4% | 2.7% |
| Q1 26 | — | $0.12 | ||
| Q4 25 | — | $0.13 | ||
| Q3 25 | $0.12 | $0.11 | ||
| Q2 25 | $0.08 | $0.20 | ||
| Q1 25 | $-0.16 | $0.15 | ||
| Q4 24 | $0.63 | $0.19 | ||
| Q3 24 | $0.11 | $0.17 | ||
| Q2 24 | $0.49 | $0.20 |
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 | $227.8M |
| Total DebtLower is stronger | $4.0B | — |
| Stockholders' EquityBook value | $4.7B | $3.0B |
| Total Assets | $10.5B | $4.9B |
| Debt / EquityLower = less leverage | 0.86× | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $227.8M | ||
| Q4 25 | — | $41.8M | ||
| Q3 25 | $91.5M | $235.7M | ||
| Q2 25 | $94.6M | $205.1M | ||
| Q1 25 | $81.5M | $154.3M | ||
| Q4 24 | $76.0M | $165.5M | ||
| Q3 24 | $114.8M | $231.6M | ||
| Q2 24 | $121.6M | $157.2M |
| Q1 26 | — | — | ||
| Q4 25 | — | $390.9M | ||
| Q3 25 | $4.0B | $509.8M | ||
| Q2 25 | $3.9B | $512.7M | ||
| Q1 25 | $3.8B | $565.8M | ||
| Q4 24 | $3.9B | $420.8M | ||
| Q3 24 | $4.1B | $124.7M | ||
| Q2 24 | $4.3B | $125.8M |
| Q1 26 | — | $3.0B | ||
| Q4 25 | — | $3.0B | ||
| Q3 25 | $4.7B | $3.0B | ||
| Q2 25 | $4.6B | $3.0B | ||
| Q1 25 | $4.4B | $3.0B | ||
| Q4 24 | $4.4B | $3.0B | ||
| Q3 24 | $4.6B | $3.0B | ||
| Q2 24 | $4.5B | $3.0B |
| Q1 26 | — | $4.9B | ||
| Q4 25 | — | $4.8B | ||
| Q3 25 | $10.5B | $5.0B | ||
| Q2 25 | $10.3B | $5.0B | ||
| Q1 25 | $10.0B | $5.0B | ||
| Q4 24 | $10.1B | $4.9B | ||
| Q3 24 | $10.6B | $4.6B | ||
| Q2 24 | $10.6B | $4.5B |
| Q1 26 | — | — | ||
| Q4 25 | — | 0.13× | ||
| Q3 25 | 0.86× | 0.17× | ||
| Q2 25 | 0.85× | 0.17× | ||
| Q1 25 | 0.86× | 0.19× | ||
| Q4 24 | 0.89× | 0.14× | ||
| Q3 24 | 0.91× | 0.04× | ||
| Q2 24 | 0.97× | 0.04× |
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 | $92.9M |
| Free Cash FlowOCF − Capex | — | $48.1M |
| FCF MarginFCF / Revenue | — | 3.9% |
| Capex IntensityCapex / Revenue | — | 3.6% |
| Cash ConversionOCF / Net Profit | 11.59× | 4.55× |
| TTM Free Cash FlowTrailing 4 quarters | — | $356.2M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $92.9M | ||
| Q4 25 | — | $186.0M | ||
| Q3 25 | $224.3M | $184.2M | ||
| Q2 25 | $145.8M | $175.5M | ||
| Q1 25 | $249.0M | $91.7M | ||
| Q4 24 | $154.4M | $199.5M | ||
| Q3 24 | $274.5M | $206.4M | ||
| Q2 24 | $146.5M | $182.6M |
| Q1 26 | — | $48.1M | ||
| Q4 25 | — | $145.5M | ||
| Q3 25 | — | $56.2M | ||
| Q2 25 | — | $106.4M | ||
| Q1 25 | — | $-22.7M | ||
| Q4 24 | — | $113.6M | ||
| Q3 24 | — | $98.7M | ||
| Q2 24 | — | $85.5M |
| Q1 26 | — | 3.9% | ||
| Q4 25 | — | 10.4% | ||
| Q3 25 | — | 3.9% | ||
| Q2 25 | — | 7.5% | ||
| Q1 25 | — | -1.6% | ||
| Q4 24 | — | 8.5% | ||
| Q3 24 | — | 7.5% | ||
| Q2 24 | — | 6.5% |
| Q1 26 | — | 3.6% | ||
| Q4 25 | — | 2.9% | ||
| Q3 25 | — | 8.8% | ||
| Q2 25 | — | 4.9% | ||
| Q1 25 | — | 8.2% | ||
| Q4 24 | — | 6.4% | ||
| Q3 24 | — | 8.2% | ||
| Q2 24 | — | 7.4% |
| Q1 26 | — | 4.55× | ||
| Q4 25 | — | 8.42× | ||
| Q3 25 | 11.59× | 9.49× | ||
| Q2 25 | 11.52× | 4.88× | ||
| Q1 25 | — | 3.51× | ||
| Q4 24 | 1.52× | 6.12× | ||
| Q3 24 | 16.19× | 6.75× | ||
| Q2 24 | 1.86× | 5.17× |
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% |
SNDR
Segment breakdown not available.
