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Side-by-side financial comparison of DARLING INGREDIENTS INC. (DAR) and Tapestry, Inc. (TPR). Click either name above to swap in a different company.
Tapestry, Inc. is the larger business by last-quarter revenue ($2.5B vs $1.6B, roughly 1.6× DARLING INGREDIENTS INC.). Tapestry, Inc. runs the higher net margin — 22.4% vs 1.2%, a 21.2% gap on every dollar of revenue. On growth, Tapestry, Inc. posted the faster year-over-year revenue change (14.0% vs 10.0%). Over the past eight quarters, Tapestry, Inc.'s revenue compounded faster (29.9% 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.
Tapestry, Inc. is a leading American multinational luxury fashion holding company. It owns three iconic lifestyle brands: Coach, Kate Spade New York, and Stuart Weitzman, offering premium handbags, apparel, footwear, accessories, and fragrances to global consumers via physical retail stores and e-commerce platforms.
DAR vs TPR — Head-to-Head
Income Statement — Q3 FY2025 vs Q2 FY2026
| Metric | | |
|---|---|---|
| Revenue | $1.6B | $2.5B |
| Net Profit | $19.4M | $561.3M |
| Gross Margin | 24.7% | 75.5% |
| Operating Margin | 4.6% | 28.6% |
| Net Margin | 1.2% | 22.4% |
| Revenue YoY | 10.0% | 14.0% |
| Net Profit YoY | 14.2% | 80.8% |
| EPS (diluted) | $0.12 | $2.68 |
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 | — | $2.5B | ||
| Q3 25 | $1.6B | $1.7B | ||
| Q2 25 | $1.5B | $1.7B | ||
| Q1 25 | $1.4B | $1.6B | ||
| Q4 24 | $1.4B | $2.2B | ||
| Q3 24 | $1.4B | $1.5B | ||
| Q2 24 | $1.5B | $1.6B | ||
| Q1 24 | $1.4B | $1.5B |
| Q4 25 | — | $561.3M | ||
| Q3 25 | $19.4M | $274.8M | ||
| Q2 25 | $12.7M | $-517.1M | ||
| Q1 25 | $-26.2M | $203.3M | ||
| Q4 24 | $101.9M | $310.4M | ||
| Q3 24 | $16.9M | $186.6M | ||
| Q2 24 | $78.9M | $159.3M | ||
| Q1 24 | $81.2M | $139.4M |
| Q4 25 | — | 75.5% | ||
| Q3 25 | 24.7% | 76.3% | ||
| Q2 25 | 23.3% | 76.3% | ||
| Q1 25 | 22.6% | 76.1% | ||
| Q4 24 | 23.5% | 74.4% | ||
| Q3 24 | 22.1% | 75.3% | ||
| Q2 24 | 22.5% | 74.9% | ||
| Q1 24 | 21.4% | 74.7% |
| Q4 25 | — | 28.6% | ||
| Q3 25 | 4.6% | 19.3% | ||
| Q2 25 | 5.1% | -33.9% | ||
| Q1 25 | 2.1% | 16.0% | ||
| Q4 24 | 8.6% | 22.4% | ||
| Q3 24 | 4.2% | 16.7% | ||
| Q2 24 | 10.2% | 14.8% | ||
| Q1 24 | 9.7% | 13.8% |
| Q4 25 | — | 22.4% | ||
| Q3 25 | 1.2% | 16.1% | ||
| Q2 25 | 0.9% | -30.0% | ||
| Q1 25 | -1.9% | 12.8% | ||
| Q4 24 | 7.2% | 14.1% | ||
| Q3 24 | 1.2% | 12.4% | ||
| Q2 24 | 5.4% | 10.0% | ||
| Q1 24 | 5.7% | 9.4% |
| Q4 25 | — | $2.68 | ||
| Q3 25 | $0.12 | $1.28 | ||
| Q2 25 | $0.08 | $-2.30 | ||
| Q1 25 | $-0.16 | $0.95 | ||
| Q4 24 | $0.63 | $1.38 | ||
| Q3 24 | $0.11 | $0.79 | ||
| Q2 24 | $0.49 | $0.67 | ||
| Q1 24 | $0.50 | $0.60 |
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 | $1.1B |
| Total DebtLower is stronger | $4.0B | $2.4B |
| Stockholders' EquityBook value | $4.7B | $551.2M |
| Total Assets | $10.5B | $6.5B |
| Debt / EquityLower = less leverage | 0.86× | 4.32× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $1.1B | ||
| Q3 25 | $91.5M | $743.2M | ||
| Q2 25 | $94.6M | $1.1B | ||
| Q1 25 | $81.5M | $1.1B | ||
| Q4 24 | $76.0M | $1.0B | ||
| Q3 24 | $114.8M | $7.3B | ||
| Q2 24 | $121.6M | $7.2B | ||
| Q1 24 | $145.5M | $7.4B |
| Q4 25 | — | $2.4B | ||
| Q3 25 | $4.0B | $2.4B | ||
| Q2 25 | $3.9B | $2.4B | ||
| Q1 25 | $3.8B | $2.4B | ||
| Q4 24 | $3.9B | $2.4B | ||
| Q3 24 | $4.1B | $7.0B | ||
| Q2 24 | $4.3B | $6.9B | ||
| Q1 24 | $4.4B | $7.7B |
| Q4 25 | — | $551.2M | ||
| Q3 25 | $4.7B | $399.5M | ||
| Q2 25 | $4.6B | $857.8M | ||
| Q1 25 | $4.4B | $1.5B | ||
| Q4 24 | $4.4B | $1.3B | ||
| Q3 24 | $4.6B | $3.0B | ||
| Q2 24 | $4.5B | $2.9B | ||
| Q1 24 | $4.6B | $2.8B |
| Q4 25 | — | $6.5B | ||
| Q3 25 | $10.5B | $6.4B | ||
| Q2 25 | $10.3B | $6.6B | ||
| Q1 25 | $10.0B | $7.3B | ||
| Q4 24 | $10.1B | $7.3B | ||
| Q3 24 | $10.6B | $13.7B | ||
| Q2 24 | $10.6B | $13.4B | ||
| Q1 24 | $10.9B | $13.7B |
| Q4 25 | — | 4.32× | ||
| Q3 25 | 0.86× | 5.95× | ||
| Q2 25 | 0.85× | 2.77× | ||
| Q1 25 | 0.86× | 1.59× | ||
| Q4 24 | 0.89× | 1.78× | ||
| Q3 24 | 0.91× | 2.35× | ||
| Q2 24 | 0.97× | 2.39× | ||
| Q1 24 | 0.95× | 2.77× |
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 | $1.1B |
| Free Cash FlowOCF − Capex | — | $1.0B |
| FCF MarginFCF / Revenue | — | 41.5% |
| Capex IntensityCapex / Revenue | — | 1.7% |
| Cash ConversionOCF / Net Profit | 11.59× | 1.93× |
| TTM Free Cash FlowTrailing 4 quarters | — | $1.6B |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $1.1B | ||
| Q3 25 | $224.3M | $112.6M | ||
| Q2 25 | $145.8M | $446.8M | ||
| Q1 25 | $249.0M | $144.3M | ||
| Q4 24 | $154.4M | $506.0M | ||
| Q3 24 | $274.5M | $119.5M | ||
| Q2 24 | $146.5M | $256.0M | ||
| Q1 24 | $263.9M | $97.8M |
| Q4 25 | — | $1.0B | ||
| Q3 25 | — | $80.2M | ||
| Q2 25 | — | $411.5M | ||
| Q1 25 | — | $113.4M | ||
| Q4 24 | — | $475.1M | ||
| Q3 24 | — | $93.9M | ||
| Q2 24 | — | $209.8M | ||
| Q1 24 | — | $78.8M |
| Q4 25 | — | 41.5% | ||
| Q3 25 | — | 4.7% | ||
| Q2 25 | — | 23.9% | ||
| Q1 25 | — | 7.2% | ||
| Q4 24 | — | 21.6% | ||
| Q3 24 | — | 6.2% | ||
| Q2 24 | — | 13.2% | ||
| Q1 24 | — | 5.3% |
| Q4 25 | — | 1.7% | ||
| Q3 25 | — | 1.9% | ||
| Q2 25 | — | 2.0% | ||
| Q1 25 | — | 2.0% | ||
| Q4 24 | — | 1.4% | ||
| Q3 24 | — | 1.7% | ||
| Q2 24 | — | 2.9% | ||
| Q1 24 | — | 1.3% |
| Q4 25 | — | 1.93× | ||
| Q3 25 | 11.59× | 0.41× | ||
| Q2 25 | 11.52× | — | ||
| Q1 25 | — | 0.71× | ||
| Q4 24 | 1.52× | 1.63× | ||
| Q3 24 | 16.19× | 0.64× | ||
| Q2 24 | 1.86× | 1.61× | ||
| Q1 24 | 3.25× | 0.70× |
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% |
TPR
| Coach | $1.4B | 57% |
| Other | $787.0M | 31% |
| Kate Spade Company | $290.0M | 12% |
