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Side-by-side financial comparison of DARLING INGREDIENTS INC. (DAR) and Trade Desk (The) (TTD). Click either name above to swap in a different company.
DARLING INGREDIENTS INC. is the larger business by last-quarter revenue ($1.6B vs $688.9M, roughly 2.3× Trade Desk (The)). Trade Desk (The) runs the higher net margin — 5.8% vs 1.2%, a 4.6% gap on every dollar of revenue. On growth, Trade Desk (The) posted the faster year-over-year revenue change (11.9% vs 10.0%). Over the past eight quarters, Trade Desk (The)'s revenue compounded faster (8.6% 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.
The Trade Desk, Inc. is an American multinational technology company that specializes in real-time programmatic marketing automation technologies, products, and services, designed to personalize digital content delivery to users.
DAR vs TTD — Head-to-Head
Income Statement — Q3 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $1.6B | $688.9M |
| Net Profit | $19.4M | $40.0M |
| Gross Margin | 24.7% | — |
| Operating Margin | 4.6% | 9.7% |
| Net Margin | 1.2% | 5.8% |
| Revenue YoY | 10.0% | 11.9% |
| Net Profit YoY | 14.2% | -21.6% |
| EPS (diluted) | $0.12 | $0.08 |
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 | — | $688.9M | ||
| Q4 25 | — | $846.8M | ||
| Q3 25 | $1.6B | $739.4M | ||
| Q2 25 | $1.5B | $694.0M | ||
| Q1 25 | $1.4B | $616.0M | ||
| Q4 24 | $1.4B | $741.0M | ||
| Q3 24 | $1.4B | $628.0M | ||
| Q2 24 | $1.5B | $584.5M |
| Q1 26 | — | $40.0M | ||
| Q4 25 | — | $186.9M | ||
| Q3 25 | $19.4M | $115.5M | ||
| Q2 25 | $12.7M | $90.1M | ||
| Q1 25 | $-26.2M | $50.7M | ||
| Q4 24 | $101.9M | $182.2M | ||
| Q3 24 | $16.9M | $94.2M | ||
| Q2 24 | $78.9M | $85.0M |
| Q1 26 | — | — | ||
| Q4 25 | — | 80.7% | ||
| Q3 25 | 24.7% | 78.1% | ||
| Q2 25 | 23.3% | 78.2% | ||
| Q1 25 | 22.6% | 76.8% | ||
| Q4 24 | 23.5% | 81.7% | ||
| Q3 24 | 22.1% | 80.5% | ||
| Q2 24 | 22.5% | 81.1% |
| Q1 26 | — | 9.7% | ||
| Q4 25 | — | 30.3% | ||
| Q3 25 | 4.6% | 21.8% | ||
| Q2 25 | 5.1% | 16.8% | ||
| Q1 25 | 2.1% | 8.8% | ||
| Q4 24 | 8.6% | 26.4% | ||
| Q3 24 | 4.2% | 17.3% | ||
| Q2 24 | 10.2% | 16.2% |
| Q1 26 | — | 5.8% | ||
| Q4 25 | — | 22.1% | ||
| Q3 25 | 1.2% | 15.6% | ||
| Q2 25 | 0.9% | 13.0% | ||
| Q1 25 | -1.9% | 8.2% | ||
| Q4 24 | 7.2% | 24.6% | ||
| Q3 24 | 1.2% | 15.0% | ||
| Q2 24 | 5.4% | 14.5% |
| Q1 26 | — | $0.08 | ||
| Q4 25 | — | $0.39 | ||
| Q3 25 | $0.12 | $0.23 | ||
| Q2 25 | $0.08 | $0.18 | ||
| Q1 25 | $-0.16 | $0.10 | ||
| Q4 24 | $0.63 | $0.36 | ||
| Q3 24 | $0.11 | $0.19 | ||
| Q2 24 | $0.49 | $0.17 |
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 | $878.4M |
| Total DebtLower is stronger | $4.0B | — |
| Stockholders' EquityBook value | $4.7B | $2.5B |
| Total Assets | $10.5B | $5.7B |
| Debt / EquityLower = less leverage | 0.86× | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $878.4M | ||
| Q4 25 | — | $1.3B | ||
| Q3 25 | $91.5M | $1.4B | ||
| Q2 25 | $94.6M | $1.7B | ||
| Q1 25 | $81.5M | $1.7B | ||
| Q4 24 | $76.0M | $1.9B | ||
| Q3 24 | $114.8M | $1.7B | ||
| Q2 24 | $121.6M | $1.5B |
| Q1 26 | — | — | ||
| 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 | — | $2.5B | ||
| Q4 25 | — | $2.5B | ||
| Q3 25 | $4.7B | $2.6B | ||
| Q2 25 | $4.6B | $2.7B | ||
| Q1 25 | $4.4B | $2.7B | ||
| Q4 24 | $4.4B | $2.9B | ||
| Q3 24 | $4.6B | $2.6B | ||
| Q2 24 | $4.5B | $2.4B |
| Q1 26 | — | $5.7B | ||
| Q4 25 | — | $6.2B | ||
| Q3 25 | $10.5B | $5.9B | ||
| Q2 25 | $10.3B | $6.0B | ||
| Q1 25 | $10.0B | $5.7B | ||
| Q4 24 | $10.1B | $6.1B | ||
| Q3 24 | $10.6B | $5.5B | ||
| Q2 24 | $10.6B | $5.2B |
| 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 | $391.8M |
| Free Cash FlowOCF − Capex | — | — |
| FCF MarginFCF / Revenue | — | — |
| Capex IntensityCapex / Revenue | — | — |
| Cash ConversionOCF / Net Profit | 11.59× | 9.80× |
| TTM Free Cash FlowTrailing 4 quarters | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $391.8M | ||
| Q4 25 | — | $311.6M | ||
| Q3 25 | $224.3M | $224.7M | ||
| Q2 25 | $145.8M | $165.0M | ||
| Q1 25 | $249.0M | $291.4M | ||
| Q4 24 | $154.4M | $199.4M | ||
| Q3 24 | $274.5M | $273.3M | ||
| Q2 24 | $146.5M | $81.3M |
| Q1 26 | — | — | ||
| Q4 25 | — | $285.3M | ||
| Q3 25 | — | $158.3M | ||
| Q2 25 | — | $119.8M | ||
| Q1 25 | — | $232.3M | ||
| Q4 24 | — | $179.2M | ||
| Q3 24 | — | $224.6M | ||
| Q2 24 | — | $59.1M |
| Q1 26 | — | — | ||
| Q4 25 | — | 33.7% | ||
| Q3 25 | — | 21.4% | ||
| Q2 25 | — | 17.3% | ||
| Q1 25 | — | 37.7% | ||
| Q4 24 | — | 24.2% | ||
| Q3 24 | — | 35.8% | ||
| Q2 24 | — | 10.1% |
| Q1 26 | — | — | ||
| Q4 25 | — | 3.1% | ||
| Q3 25 | — | 9.0% | ||
| Q2 25 | — | 6.5% | ||
| Q1 25 | — | 9.6% | ||
| Q4 24 | — | 2.7% | ||
| Q3 24 | — | 7.8% | ||
| Q2 24 | — | 3.8% |
| Q1 26 | — | 9.80× | ||
| Q4 25 | — | 1.67× | ||
| Q3 25 | 11.59× | 1.94× | ||
| Q2 25 | 11.52× | 1.83× | ||
| Q1 25 | — | 5.75× | ||
| Q4 24 | 1.52× | 1.09× | ||
| Q3 24 | 16.19× | 2.90× | ||
| Q2 24 | 1.86× | 0.96× |
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% |
TTD
Segment breakdown not available.
