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Side-by-side financial comparison of DARLING INGREDIENTS INC. (DAR) and Teradyne (TER). Click either name above to swap in a different company.
DARLING INGREDIENTS INC. is the larger business by last-quarter revenue ($1.6B vs $1.3B, roughly 1.2× Teradyne). Teradyne runs the higher net margin — 31.1% vs 1.2%, a 29.9% gap on every dollar of revenue. On growth, Teradyne posted the faster year-over-year revenue change (87.0% vs 10.0%). Over the past eight quarters, Teradyne's revenue compounded faster (32.6% 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.
Teradyne, Inc. is an American automatic test equipment (ATE) designer and manufacturer based in North Reading, Massachusetts. Its high-profile customers include Samsung, Qualcomm, Intel, Analog Devices, Texas Instruments and IBM.
DAR vs TER — Head-to-Head
Income Statement — Q3 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $1.6B | $1.3B |
| Net Profit | $19.4M | $398.9M |
| Gross Margin | 24.7% | 60.9% |
| Operating Margin | 4.6% | 36.9% |
| Net Margin | 1.2% | 31.1% |
| Revenue YoY | 10.0% | 87.0% |
| Net Profit YoY | 14.2% | — |
| EPS (diluted) | $0.12 | $2.53 |
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 | — | $1.3B | ||
| Q4 25 | — | $1.1B | ||
| Q3 25 | $1.6B | $769.2M | ||
| Q2 25 | $1.5B | $651.8M | ||
| Q1 25 | $1.4B | $685.7M | ||
| Q4 24 | $1.4B | $752.9M | ||
| Q3 24 | $1.4B | $737.3M | ||
| Q2 24 | $1.5B | $729.9M |
| Q1 26 | — | $398.9M | ||
| Q4 25 | — | $257.2M | ||
| Q3 25 | $19.4M | $119.6M | ||
| Q2 25 | $12.7M | $78.4M | ||
| Q1 25 | $-26.2M | $98.9M | ||
| Q4 24 | $101.9M | $146.3M | ||
| Q3 24 | $16.9M | $145.6M | ||
| Q2 24 | $78.9M | $186.3M |
| Q1 26 | — | 60.9% | ||
| Q4 25 | — | 57.2% | ||
| Q3 25 | 24.7% | 58.4% | ||
| Q2 25 | 23.3% | 57.2% | ||
| Q1 25 | 22.6% | 60.6% | ||
| Q4 24 | 23.5% | 59.4% | ||
| Q3 24 | 22.1% | 59.2% | ||
| Q2 24 | 22.5% | 58.3% |
| Q1 26 | — | 36.9% | ||
| Q4 25 | — | 27.1% | ||
| Q3 25 | 4.6% | 18.9% | ||
| Q2 25 | 5.1% | 13.9% | ||
| Q1 25 | 2.1% | 17.6% | ||
| Q4 24 | 8.6% | 20.4% | ||
| Q3 24 | 4.2% | 20.6% | ||
| Q2 24 | 10.2% | 28.8% |
| Q1 26 | — | 31.1% | ||
| Q4 25 | — | 23.7% | ||
| Q3 25 | 1.2% | 15.5% | ||
| Q2 25 | 0.9% | 12.0% | ||
| Q1 25 | -1.9% | 14.4% | ||
| Q4 24 | 7.2% | 19.4% | ||
| Q3 24 | 1.2% | 19.8% | ||
| Q2 24 | 5.4% | 25.5% |
| Q1 26 | — | $2.53 | ||
| Q4 25 | — | $1.62 | ||
| Q3 25 | $0.12 | $0.75 | ||
| Q2 25 | $0.08 | $0.49 | ||
| Q1 25 | $-0.16 | $0.61 | ||
| Q4 24 | $0.63 | $0.89 | ||
| Q3 24 | $0.11 | $0.89 | ||
| Q2 24 | $0.49 | $1.14 |
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 | $241.9M |
| Total DebtLower is stronger | $4.0B | $0 |
| Stockholders' EquityBook value | $4.7B | — |
| Total Assets | $10.5B | $4.4B |
| Debt / EquityLower = less leverage | 0.86× | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $241.9M | ||
| Q4 25 | — | $293.8M | ||
| Q3 25 | $91.5M | $272.7M | ||
| Q2 25 | $94.6M | $339.3M | ||
| Q1 25 | $81.5M | $475.6M | ||
| Q4 24 | $76.0M | $553.4M | ||
| Q3 24 | $114.8M | $510.0M | ||
| Q2 24 | $121.6M | $421.9M |
| Q1 26 | — | $0 | ||
| 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 26 | — | — | ||
| Q4 25 | — | $2.8B | ||
| Q3 25 | $4.7B | $2.7B | ||
| Q2 25 | $4.6B | $2.8B | ||
| Q1 25 | $4.4B | $2.8B | ||
| Q4 24 | $4.4B | $2.8B | ||
| Q3 24 | $4.6B | $2.9B | ||
| Q2 24 | $4.5B | $2.7B |
| Q1 26 | — | $4.4B | ||
| Q4 25 | — | $4.2B | ||
| Q3 25 | $10.5B | $4.0B | ||
| Q2 25 | $10.3B | $3.8B | ||
| Q1 25 | $10.0B | $3.7B | ||
| Q4 24 | $10.1B | $3.7B | ||
| Q3 24 | $10.6B | $3.8B | ||
| Q2 24 | $10.6B | $3.6B |
| Q1 26 | — | — | ||
| 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× | — |
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 | $265.1M |
| Free Cash FlowOCF − Capex | — | — |
| FCF MarginFCF / Revenue | — | — |
| Capex IntensityCapex / Revenue | — | — |
| Cash ConversionOCF / Net Profit | 11.59× | 0.66× |
| TTM Free Cash FlowTrailing 4 quarters | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $265.1M | ||
| Q4 25 | — | $281.6M | ||
| Q3 25 | $224.3M | $49.0M | ||
| Q2 25 | $145.8M | $182.1M | ||
| Q1 25 | $249.0M | $161.6M | ||
| Q4 24 | $154.4M | $282.6M | ||
| Q3 24 | $274.5M | $166.3M | ||
| Q2 24 | $146.5M | $216.1M |
| Q1 26 | — | — | ||
| Q4 25 | — | $218.8M | ||
| Q3 25 | — | $2.4M | ||
| Q2 25 | — | $131.7M | ||
| Q1 25 | — | $97.6M | ||
| Q4 24 | — | $225.2M | ||
| Q3 24 | — | $114.4M | ||
| Q2 24 | — | $171.2M |
| Q1 26 | — | — | ||
| Q4 25 | — | 20.2% | ||
| Q3 25 | — | 0.3% | ||
| Q2 25 | — | 20.2% | ||
| Q1 25 | — | 14.2% | ||
| Q4 24 | — | 29.9% | ||
| Q3 24 | — | 15.5% | ||
| Q2 24 | — | 23.5% |
| Q1 26 | — | — | ||
| Q4 25 | — | 5.8% | ||
| Q3 25 | — | 6.1% | ||
| Q2 25 | — | 7.7% | ||
| Q1 25 | — | 9.3% | ||
| Q4 24 | — | 7.6% | ||
| Q3 24 | — | 7.0% | ||
| Q2 24 | — | 6.1% |
| Q1 26 | — | 0.66× | ||
| Q4 25 | — | 1.09× | ||
| Q3 25 | 11.59× | 0.41× | ||
| Q2 25 | 11.52× | 2.32× | ||
| Q1 25 | — | 1.63× | ||
| Q4 24 | 1.52× | 1.93× | ||
| Q3 24 | 16.19× | 1.14× | ||
| Q2 24 | 1.86× | 1.16× |
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% |
TER
Segment breakdown not available.
