vs
Side-by-side financial comparison of DARLING INGREDIENTS INC. (DAR) and StoneX Group Inc. (SNEX). 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× StoneX Group Inc.). StoneX Group Inc. runs the higher net margin — 11.6% vs 1.2%, a 10.3% gap on every dollar of revenue. On growth, StoneX Group Inc. posted the faster year-over-year revenue change (81.0% vs 10.0%). Over the past eight quarters, StoneX Group Inc.'s revenue compounded faster (53.5% 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.
StoneX Group Inc. is an American financial services company. The company operates in six areas: commercial hedging, global payments, securities, physical commodities, foreign exchange and clearing and execution services (CES).
DAR vs SNEX — Head-to-Head
Income Statement — Q3 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $1.6B | $1.2B |
| Net Profit | $19.4M | $139.0M |
| Gross Margin | 24.7% | — |
| Operating Margin | 4.6% | 15.4% |
| Net Margin | 1.2% | 11.6% |
| Revenue YoY | 10.0% | 81.0% |
| Net Profit YoY | 14.2% | 63.3% |
| EPS (diluted) | $0.12 | $2.50 |
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 | — | $1.2B | ||
| Q3 25 | $1.6B | $32.7B | ||
| Q2 25 | $1.5B | $851.2M | ||
| Q1 25 | $1.4B | $820.4M | ||
| Q4 24 | $1.4B | $663.1M | ||
| Q3 24 | $1.4B | $31.1B | ||
| Q2 24 | $1.5B | $571.8M | ||
| Q1 24 | $1.4B | $509.2M |
| Q4 25 | — | $139.0M | ||
| Q3 25 | $19.4M | $85.7M | ||
| Q2 25 | $12.7M | $63.4M | ||
| Q1 25 | $-26.2M | $71.7M | ||
| Q4 24 | $101.9M | $85.1M | ||
| Q3 24 | $16.9M | $76.7M | ||
| Q2 24 | $78.9M | $61.9M | ||
| Q1 24 | $81.2M | $53.1M |
| Q4 25 | — | — | ||
| Q3 25 | 24.7% | 3.7% | ||
| Q2 25 | 23.3% | — | ||
| Q1 25 | 22.6% | — | ||
| Q4 24 | 23.5% | — | ||
| Q3 24 | 22.1% | 3.0% | ||
| Q2 24 | 22.5% | — | ||
| Q1 24 | 21.4% | — |
| Q4 25 | — | 15.4% | ||
| Q3 25 | 4.6% | 0.3% | ||
| Q2 25 | 5.1% | -1.3% | ||
| Q1 25 | 2.1% | -1.0% | ||
| Q4 24 | 8.6% | -3.2% | ||
| Q3 24 | 4.2% | -0.0% | ||
| Q2 24 | 10.2% | -4.7% | ||
| Q1 24 | 9.7% | -2.5% |
| Q4 25 | — | 11.6% | ||
| Q3 25 | 1.2% | 0.3% | ||
| Q2 25 | 0.9% | 7.4% | ||
| Q1 25 | -1.9% | 8.7% | ||
| Q4 24 | 7.2% | 12.8% | ||
| Q3 24 | 1.2% | 0.2% | ||
| Q2 24 | 5.4% | 10.8% | ||
| Q1 24 | 5.7% | 10.4% |
| Q4 25 | — | $2.50 | ||
| Q3 25 | $0.12 | $0.72 | ||
| Q2 25 | $0.08 | $1.22 | ||
| Q1 25 | $-0.16 | $1.41 | ||
| Q4 24 | $0.63 | $1.69 | ||
| Q3 24 | $0.11 | $2.32 | ||
| Q2 24 | $0.49 | $1.25 | ||
| Q1 24 | $0.50 | $1.09 |
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 | $2.5B |
| Total Assets | $10.5B | $47.8B |
| Debt / EquityLower = less leverage | 0.86× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $1.6B | ||
| Q3 25 | $91.5M | $1.6B | ||
| Q2 25 | $94.6M | $1.3B | ||
| Q1 25 | $81.5M | $1.3B | ||
| Q4 24 | $76.0M | $1.4B | ||
| Q3 24 | $114.8M | $1.3B | ||
| Q2 24 | $121.6M | $1.2B | ||
| Q1 24 | $145.5M | $1.3B |
| Q4 25 | — | — | ||
| Q3 25 | $4.0B | — | ||
| Q2 25 | $3.9B | — | ||
| Q1 25 | $3.8B | — | ||
| Q4 24 | $3.9B | — | ||
| Q3 24 | $4.1B | — | ||
| Q2 24 | $4.3B | — | ||
| Q1 24 | $4.4B | — |
| Q4 25 | — | $2.5B | ||
| Q3 25 | $4.7B | $2.4B | ||
| Q2 25 | $4.6B | $2.0B | ||
| Q1 25 | $4.4B | $1.9B | ||
| Q4 24 | $4.4B | $1.8B | ||
| Q3 24 | $4.6B | $1.7B | ||
| Q2 24 | $4.5B | $1.6B | ||
| Q1 24 | $4.6B | $1.5B |
| Q4 25 | — | $47.8B | ||
| Q3 25 | $10.5B | $45.3B | ||
| Q2 25 | $10.3B | $34.3B | ||
| Q1 25 | $10.0B | $31.3B | ||
| Q4 24 | $10.1B | $29.6B | ||
| Q3 24 | $10.6B | $27.5B | ||
| Q2 24 | $10.6B | $25.9B | ||
| Q1 24 | $10.9B | $25.7B |
| Q4 25 | — | — | ||
| Q3 25 | 0.86× | — | ||
| Q2 25 | 0.85× | — | ||
| Q1 25 | 0.86× | — | ||
| Q4 24 | 0.89× | — | ||
| Q3 24 | 0.91× | — | ||
| 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 | $-1.3B |
| Free Cash FlowOCF − Capex | — | $-1.3B |
| FCF MarginFCF / Revenue | — | -106.4% |
| Capex IntensityCapex / Revenue | — | 1.3% |
| Cash ConversionOCF / Net Profit | 11.59× | -9.08× |
| TTM Free Cash FlowTrailing 4 quarters | — | $3.5B |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $-1.3B | ||
| Q3 25 | $224.3M | $3.5B | ||
| Q2 25 | $145.8M | $1.5B | ||
| Q1 25 | $249.0M | $-154.5M | ||
| Q4 24 | $154.4M | $-477.8M | ||
| Q3 24 | $274.5M | $192.6M | ||
| Q2 24 | $146.5M | $-622.1M | ||
| Q1 24 | $263.9M | $784.0M |
| Q4 25 | — | $-1.3B | ||
| Q3 25 | — | $3.5B | ||
| Q2 25 | — | $1.5B | ||
| Q1 25 | — | $-169.8M | ||
| Q4 24 | — | $-491.4M | ||
| Q3 24 | — | $175.9M | ||
| Q2 24 | — | $-640.5M | ||
| Q1 24 | — | $766.6M |
| Q4 25 | — | -106.4% | ||
| Q3 25 | — | 10.7% | ||
| Q2 25 | — | 173.3% | ||
| Q1 25 | — | -20.7% | ||
| Q4 24 | — | -74.1% | ||
| Q3 24 | — | 0.6% | ||
| Q2 24 | — | -112.0% | ||
| Q1 24 | — | 150.5% |
| Q4 25 | — | 1.3% | ||
| Q3 25 | — | 0.1% | ||
| Q2 25 | — | 1.9% | ||
| Q1 25 | — | 1.9% | ||
| Q4 24 | — | 2.1% | ||
| Q3 24 | — | 0.1% | ||
| Q2 24 | — | 3.2% | ||
| Q1 24 | — | 3.4% |
| Q4 25 | — | -9.08× | ||
| Q3 25 | 11.59× | 41.18× | ||
| Q2 25 | 11.52× | 23.52× | ||
| Q1 25 | — | -2.15× | ||
| Q4 24 | 1.52× | -5.61× | ||
| Q3 24 | 16.19× | 2.51× | ||
| Q2 24 | 1.86× | -10.05× | ||
| Q1 24 | 3.25× | 14.76× |
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% |
SNEX
Segment breakdown not available.
