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Side-by-side financial comparison of DARLING INGREDIENTS INC. (DAR) and UPBOUND GROUP, INC. (UPBD). 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× UPBOUND GROUP, INC.). UPBOUND GROUP, INC. runs the higher net margin — 1.7% vs 1.2%, a 0.4% gap on every dollar of revenue. On growth, UPBOUND GROUP, INC. posted the faster year-over-year revenue change (10.9% vs 10.0%). Over the past eight quarters, UPBOUND GROUP, INC.'s revenue compounded faster (4.5% 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.
Upbound Group, Inc. is a leading US provider of flexible lease-to-own solutions for consumer goods. It offers furniture, consumer electronics, home appliances, and accessories, catering to customers seeking accessible payment alternatives to traditional retail financing.
DAR vs UPBD — Head-to-Head
Income Statement — Q3 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $1.6B | $1.2B |
| Net Profit | $19.4M | $19.7M |
| Gross Margin | 24.7% | 49.0% |
| Operating Margin | 4.6% | 4.8% |
| Net Margin | 1.2% | 1.7% |
| Revenue YoY | 10.0% | 10.9% |
| Net Profit YoY | 14.2% | -36.3% |
| EPS (diluted) | $0.12 | $0.35 |
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 | $1.2B | ||
| Q2 25 | $1.5B | $1.2B | ||
| Q1 25 | $1.4B | $1.2B | ||
| Q4 24 | $1.4B | $1.1B | ||
| Q3 24 | $1.4B | $1.1B | ||
| Q2 24 | $1.5B | $1.1B | ||
| Q1 24 | $1.4B | $1.1B |
| Q4 25 | — | $19.7M | ||
| Q3 25 | $19.4M | $13.2M | ||
| Q2 25 | $12.7M | $15.5M | ||
| Q1 25 | $-26.2M | $24.8M | ||
| Q4 24 | $101.9M | $31.0M | ||
| Q3 24 | $16.9M | $30.9M | ||
| Q2 24 | $78.9M | $33.9M | ||
| Q1 24 | $81.2M | $27.7M |
| Q4 25 | — | 49.0% | ||
| Q3 25 | 24.7% | 48.3% | ||
| Q2 25 | 23.3% | 49.4% | ||
| Q1 25 | 22.6% | 46.8% | ||
| Q4 24 | 23.5% | 47.1% | ||
| Q3 24 | 22.1% | 47.8% | ||
| Q2 24 | 22.5% | 49.4% | ||
| Q1 24 | 21.4% | 48.3% |
| Q4 25 | — | 4.8% | ||
| Q3 25 | 4.6% | 4.5% | ||
| Q2 25 | 5.1% | 4.4% | ||
| Q1 25 | 2.1% | 5.3% | ||
| Q4 24 | 8.6% | 7.3% | ||
| Q3 24 | 4.2% | 6.6% | ||
| Q2 24 | 10.2% | 7.5% | ||
| Q1 24 | 9.7% | 5.6% |
| Q4 25 | — | 1.7% | ||
| Q3 25 | 1.2% | 1.1% | ||
| Q2 25 | 0.9% | 1.3% | ||
| Q1 25 | -1.9% | 2.1% | ||
| Q4 24 | 7.2% | 2.9% | ||
| Q3 24 | 1.2% | 2.9% | ||
| Q2 24 | 5.4% | 3.2% | ||
| Q1 24 | 5.7% | 2.5% |
| Q4 25 | — | $0.35 | ||
| Q3 25 | $0.12 | $0.22 | ||
| Q2 25 | $0.08 | $0.26 | ||
| Q1 25 | $-0.16 | $0.42 | ||
| Q4 24 | $0.63 | $0.55 | ||
| Q3 24 | $0.11 | $0.55 | ||
| Q2 24 | $0.49 | $0.61 | ||
| Q1 24 | $0.50 | $0.50 |
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 | $120.5M |
| Total DebtLower is stronger | $4.0B | — |
| Stockholders' EquityBook value | $4.7B | $695.7M |
| Total Assets | $10.5B | $3.3B |
| Debt / EquityLower = less leverage | 0.86× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $120.5M | ||
| Q3 25 | $91.5M | $107.0M | ||
| Q2 25 | $94.6M | $106.8M | ||
| Q1 25 | $81.5M | $107.3M | ||
| Q4 24 | $76.0M | $60.9M | ||
| Q3 24 | $114.8M | $85.1M | ||
| Q2 24 | $121.6M | $82.5M | ||
| Q1 24 | $145.5M | $84.8M |
| 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 | — | $695.7M | ||
| Q3 25 | $4.7B | $687.3M | ||
| Q2 25 | $4.6B | $685.5M | ||
| Q1 25 | $4.4B | $679.2M | ||
| Q4 24 | $4.4B | $629.0M | ||
| Q3 24 | $4.6B | $611.8M | ||
| Q2 24 | $4.5B | $596.3M | ||
| Q1 24 | $4.6B | $578.3M |
| Q4 25 | — | $3.3B | ||
| Q3 25 | $10.5B | $3.2B | ||
| Q2 25 | $10.3B | $3.1B | ||
| Q1 25 | $10.0B | $3.0B | ||
| Q4 24 | $10.1B | $2.6B | ||
| Q3 24 | $10.6B | $2.6B | ||
| Q2 24 | $10.6B | $2.6B | ||
| Q1 24 | $10.9B | $2.6B |
| 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 | $41.6M |
| Free Cash FlowOCF − Capex | — | $24.0M |
| FCF MarginFCF / Revenue | — | 2.0% |
| Capex IntensityCapex / Revenue | — | 1.5% |
| Cash ConversionOCF / Net Profit | 11.59× | 2.11× |
| TTM Free Cash FlowTrailing 4 quarters | — | $238.7M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $41.6M | ||
| Q3 25 | $224.3M | $118.4M | ||
| Q2 25 | $145.8M | $7.8M | ||
| Q1 25 | $249.0M | $137.7M | ||
| Q4 24 | $154.4M | $-61.9M | ||
| Q3 24 | $274.5M | $106.2M | ||
| Q2 24 | $146.5M | $15.0M | ||
| Q1 24 | $263.9M | $45.4M |
| Q4 25 | — | $24.0M | ||
| Q3 25 | — | $97.9M | ||
| Q2 25 | — | $-10.4M | ||
| Q1 25 | — | $127.2M | ||
| Q4 24 | — | $-74.0M | ||
| Q3 24 | — | $88.3M | ||
| Q2 24 | — | $613.0K | ||
| Q1 24 | — | $33.6M |
| Q4 25 | — | 2.0% | ||
| Q3 25 | — | 8.4% | ||
| Q2 25 | — | -0.9% | ||
| Q1 25 | — | 10.8% | ||
| Q4 24 | — | -6.9% | ||
| Q3 24 | — | 8.3% | ||
| Q2 24 | — | 0.1% | ||
| Q1 24 | — | 3.1% |
| Q4 25 | — | 1.5% | ||
| Q3 25 | — | 1.8% | ||
| Q2 25 | — | 1.6% | ||
| Q1 25 | — | 0.9% | ||
| Q4 24 | — | 1.1% | ||
| Q3 24 | — | 1.7% | ||
| Q2 24 | — | 1.3% | ||
| Q1 24 | — | 1.1% |
| Q4 25 | — | 2.11× | ||
| Q3 25 | 11.59× | 8.96× | ||
| Q2 25 | 11.52× | 0.50× | ||
| Q1 25 | — | 5.56× | ||
| Q4 24 | 1.52× | -2.00× | ||
| Q3 24 | 16.19× | 3.44× | ||
| Q2 24 | 1.86× | 0.44× | ||
| Q1 24 | 3.25× | 1.64× |
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% |
UPBD
Segment breakdown not available.
