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Side-by-side financial comparison of DARLING INGREDIENTS INC. (DAR) and Snowflake Inc. (SNOW). 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× Snowflake Inc.). DARLING INGREDIENTS INC. runs the higher net margin — 1.2% vs -24.2%, a 25.5% gap on every dollar of revenue. On growth, Snowflake Inc. posted the faster year-over-year revenue change (28.7% vs 10.0%). Over the past eight quarters, Snowflake Inc.'s revenue compounded faster (25.1% 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.
Snowflake Inc. is an American cloud-based data platform company founded in San Mateo, California, and headquartered in Bozeman, Montana. It operates a platform that supports data analysis and simultaneous access to data sets with minimal latency. It operates on Amazon Web Services, Microsoft Azure, and Google Cloud Platform.
DAR vs SNOW — Head-to-Head
Income Statement — Q3 FY2025 vs Q3 FY2026
| Metric | | |
|---|---|---|
| Revenue | $1.6B | $1.2B |
| Net Profit | $19.4M | $-294.0M |
| Gross Margin | 24.7% | 67.8% |
| Operating Margin | 4.6% | -27.2% |
| Net Margin | 1.2% | -24.2% |
| Revenue YoY | 10.0% | 28.7% |
| Net Profit YoY | 14.2% | 9.4% |
| EPS (diluted) | $0.12 | $-0.87 |
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 | $1.1B | ||
| Q2 25 | $1.5B | $1.0B | ||
| Q1 25 | $1.4B | $986.8M | ||
| Q4 24 | $1.4B | $942.1M | ||
| Q3 24 | $1.4B | $868.8M | ||
| Q2 24 | $1.5B | $828.7M | ||
| Q1 24 | $1.4B | $774.7M |
| Q4 25 | — | $-294.0M | ||
| Q3 25 | $19.4M | $-298.0M | ||
| Q2 25 | $12.7M | $-430.1M | ||
| Q1 25 | $-26.2M | $-327.5M | ||
| Q4 24 | $101.9M | $-324.3M | ||
| Q3 24 | $16.9M | $-316.9M | ||
| Q2 24 | $78.9M | $-317.0M | ||
| Q1 24 | $81.2M | $-169.4M |
| Q4 25 | — | 67.8% | ||
| Q3 25 | 24.7% | 67.5% | ||
| Q2 25 | 23.3% | 66.5% | ||
| Q1 25 | 22.6% | 66.2% | ||
| Q4 24 | 23.5% | 65.9% | ||
| Q3 24 | 22.1% | 66.8% | ||
| Q2 24 | 22.5% | 67.1% | ||
| Q1 24 | 21.4% | 68.8% |
| Q4 25 | — | -27.2% | ||
| Q3 25 | 4.6% | -29.7% | ||
| Q2 25 | 5.1% | -42.9% | ||
| Q1 25 | 2.1% | -39.2% | ||
| Q4 24 | 8.6% | -38.8% | ||
| Q3 24 | 4.2% | -40.9% | ||
| Q2 24 | 10.2% | -42.1% | ||
| Q1 24 | 9.7% | -35.6% |
| Q4 25 | — | -24.2% | ||
| Q3 25 | 1.2% | -26.0% | ||
| Q2 25 | 0.9% | -41.3% | ||
| Q1 25 | -1.9% | -33.2% | ||
| Q4 24 | 7.2% | -34.4% | ||
| Q3 24 | 1.2% | -36.5% | ||
| Q2 24 | 5.4% | -38.3% | ||
| Q1 24 | 5.7% | -21.9% |
| Q4 25 | — | $-0.87 | ||
| Q3 25 | $0.12 | $-0.89 | ||
| Q2 25 | $0.08 | $-1.29 | ||
| Q1 25 | $-0.16 | $-0.98 | ||
| Q4 24 | $0.63 | $-0.98 | ||
| Q3 24 | $0.11 | $-0.95 | ||
| Q2 24 | $0.49 | $-0.95 | ||
| Q1 24 | $0.50 | $-0.51 |
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 | $1.9B |
| Total DebtLower is stronger | $4.0B | — |
| Stockholders' EquityBook value | $4.7B | $2.1B |
| Total Assets | $10.5B | $8.2B |
| Debt / EquityLower = less leverage | 0.86× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $1.9B | ||
| Q3 25 | $91.5M | $1.9B | ||
| Q2 25 | $94.6M | $2.2B | ||
| Q1 25 | $81.5M | $2.6B | ||
| Q4 24 | $76.0M | $2.1B | ||
| Q3 24 | $114.8M | $1.3B | ||
| Q2 24 | $121.6M | $1.3B | ||
| Q1 24 | $145.5M | $1.8B |
| 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 | — | $2.1B | ||
| Q3 25 | $4.7B | $2.4B | ||
| Q2 25 | $4.6B | $2.4B | ||
| Q1 25 | $4.4B | $3.0B | ||
| Q4 24 | $4.4B | $2.9B | ||
| Q3 24 | $4.6B | $4.1B | ||
| Q2 24 | $4.5B | $4.6B | ||
| Q1 24 | $4.6B | $5.2B |
| Q4 25 | — | $8.2B | ||
| Q3 25 | $10.5B | $8.2B | ||
| Q2 25 | $10.3B | $8.2B | ||
| Q1 25 | $10.0B | $9.0B | ||
| Q4 24 | $10.1B | $8.2B | ||
| Q3 24 | $10.6B | $6.9B | ||
| Q2 24 | $10.6B | $7.3B | ||
| Q1 24 | $10.9B | $8.2B |
| 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 | $137.5M |
| Free Cash FlowOCF − Capex | — | $113.6M |
| FCF MarginFCF / Revenue | — | 9.4% |
| Capex IntensityCapex / Revenue | — | 2.0% |
| Cash ConversionOCF / Net Profit | 11.59× | — |
| TTM Free Cash FlowTrailing 4 quarters | — | $776.7M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $137.5M | ||
| Q3 25 | $224.3M | $74.9M | ||
| Q2 25 | $145.8M | $228.4M | ||
| Q1 25 | $249.0M | $432.7M | ||
| Q4 24 | $154.4M | $101.7M | ||
| Q3 24 | $274.5M | $69.9M | ||
| Q2 24 | $146.5M | $355.5M | ||
| Q1 24 | $263.9M | $344.6M |
| Q4 25 | — | $113.6M | ||
| Q3 25 | — | $58.2M | ||
| Q2 25 | — | $183.4M | ||
| Q1 25 | — | $421.4M | ||
| Q4 24 | — | $88.3M | ||
| Q3 24 | — | $64.8M | ||
| Q2 24 | — | $338.9M | ||
| Q1 24 | — | $331.5M |
| Q4 25 | — | 9.4% | ||
| Q3 25 | — | 5.1% | ||
| Q2 25 | — | 17.6% | ||
| Q1 25 | — | 42.7% | ||
| Q4 24 | — | 9.4% | ||
| Q3 24 | — | 7.5% | ||
| Q2 24 | — | 40.9% | ||
| Q1 24 | — | 42.8% |
| Q4 25 | — | 2.0% | ||
| Q3 25 | — | 1.5% | ||
| Q2 25 | — | 4.3% | ||
| Q1 25 | — | 1.1% | ||
| Q4 24 | — | 1.4% | ||
| Q3 24 | — | 0.6% | ||
| Q2 24 | — | 2.0% | ||
| Q1 24 | — | 1.7% |
| Q4 25 | — | — | ||
| Q3 25 | 11.59× | — | ||
| Q2 25 | 11.52× | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 1.52× | — | ||
| Q3 24 | 16.19× | — | ||
| Q2 24 | 1.86× | — | ||
| 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% |
SNOW
| Products | $1.2B | 96% |
| Professional Services And Other | $54.5M | 4% |
| Related Party | $6.7M | 1% |
