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Side-by-side financial comparison of DARLING INGREDIENTS INC. (DAR) and V F CORP (VFC). Click either name above to swap in a different company.
V F CORP is the larger business by last-quarter revenue ($2.9B vs $1.6B, roughly 1.8× DARLING INGREDIENTS INC.). V F CORP runs the higher net margin — 10.5% vs 1.2%, a 9.2% gap on every dollar of revenue. On growth, DARLING INGREDIENTS INC. posted the faster year-over-year revenue change (10.0% vs 1.5%). Over the past eight quarters, V F CORP's revenue compounded faster (10.1% 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.
The F. W. Woolworth Company was a retail company and one of the pioneers of the five-and-dime store. It was among the most successful American and international five-and-dime businesses, setting trends and creating the modern retail model that stores worldwide follow today.
DAR vs VFC — Head-to-Head
Income Statement — Q3 FY2025 vs Q3 FY2026
| Metric | | |
|---|---|---|
| Revenue | $1.6B | $2.9B |
| Net Profit | $19.4M | $300.8M |
| Gross Margin | 24.7% | 56.6% |
| Operating Margin | 4.6% | 10.1% |
| Net Margin | 1.2% | 10.5% |
| Revenue YoY | 10.0% | 1.5% |
| Net Profit YoY | 14.2% | 79.3% |
| EPS (diluted) | $0.12 | $0.76 |
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 | — | $2.9B | ||
| Q3 25 | $1.6B | $2.8B | ||
| Q2 25 | $1.5B | $1.8B | ||
| Q1 25 | $1.4B | $2.0B | ||
| Q4 24 | $1.4B | $2.8B | ||
| Q3 24 | $1.4B | $2.8B | ||
| Q2 24 | $1.5B | $1.9B | ||
| Q1 24 | $1.4B | $2.4B |
| Q4 25 | — | $300.8M | ||
| Q3 25 | $19.4M | $189.8M | ||
| Q2 25 | $12.7M | $-116.4M | ||
| Q1 25 | $-26.2M | $-150.8M | ||
| Q4 24 | $101.9M | $167.8M | ||
| Q3 24 | $16.9M | $52.2M | ||
| Q2 24 | $78.9M | $-258.9M | ||
| Q1 24 | $81.2M | $-418.3M |
| Q4 25 | — | 56.6% | ||
| Q3 25 | 24.7% | 52.2% | ||
| Q2 25 | 23.3% | 53.9% | ||
| Q1 25 | 22.6% | 52.7% | ||
| Q4 24 | 23.5% | 56.3% | ||
| Q3 24 | 22.1% | 52.2% | ||
| Q2 24 | 22.5% | 52.0% | ||
| Q1 24 | 21.4% | 48.4% |
| Q4 25 | — | 10.1% | ||
| Q3 25 | 4.6% | 11.2% | ||
| Q2 25 | 5.1% | -4.9% | ||
| Q1 25 | 2.1% | 2.2% | ||
| Q4 24 | 8.6% | 8.0% | ||
| Q3 24 | 4.2% | 9.9% | ||
| Q2 24 | 10.2% | -12.6% | ||
| Q1 24 | 9.7% | -15.0% |
| Q4 25 | — | 10.5% | ||
| Q3 25 | 1.2% | 6.8% | ||
| Q2 25 | 0.9% | -6.6% | ||
| Q1 25 | -1.9% | -7.5% | ||
| Q4 24 | 7.2% | 5.9% | ||
| Q3 24 | 1.2% | 1.9% | ||
| Q2 24 | 5.4% | -13.6% | ||
| Q1 24 | 5.7% | -17.6% |
| Q4 25 | — | $0.76 | ||
| Q3 25 | $0.12 | $0.48 | ||
| Q2 25 | $0.08 | $-0.30 | ||
| Q1 25 | $-0.16 | $-0.37 | ||
| Q4 24 | $0.63 | $0.43 | ||
| Q3 24 | $0.11 | $0.13 | ||
| Q2 24 | $0.49 | $-0.67 | ||
| Q1 24 | $0.50 | $-1.07 |
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 | $1.5B |
| Total DebtLower is stronger | $4.0B | $3.6B |
| Stockholders' EquityBook value | $4.7B | $1.8B |
| Total Assets | $10.5B | $10.4B |
| Debt / EquityLower = less leverage | 0.86× | 1.99× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $1.5B | ||
| Q3 25 | $91.5M | $419.1M | ||
| Q2 25 | $94.6M | $642.4M | ||
| Q1 25 | $81.5M | $429.4M | ||
| Q4 24 | $76.0M | $1.4B | ||
| Q3 24 | $114.8M | $492.2M | ||
| Q2 24 | $121.6M | $637.4M | ||
| Q1 24 | $145.5M | $674.6M |
| Q4 25 | — | $3.6B | ||
| Q3 25 | $4.0B | $3.5B | ||
| Q2 25 | $3.9B | $3.6B | ||
| Q1 25 | $3.8B | $3.4B | ||
| Q4 24 | $3.9B | $3.9B | ||
| Q3 24 | $4.1B | $4.0B | ||
| Q2 24 | $4.3B | $3.9B | ||
| Q1 24 | $4.4B | $4.7B |
| Q4 25 | — | $1.8B | ||
| Q3 25 | $4.7B | $1.5B | ||
| Q2 25 | $4.6B | $1.3B | ||
| Q1 25 | $4.4B | $1.5B | ||
| Q4 24 | $4.4B | $1.7B | ||
| Q3 24 | $4.6B | $1.4B | ||
| Q2 24 | $4.5B | $1.4B | ||
| Q1 24 | $4.6B | $1.7B |
| Q4 25 | — | $10.4B | ||
| Q3 25 | $10.5B | $10.6B | ||
| Q2 25 | $10.3B | $10.2B | ||
| Q1 25 | $10.0B | $9.4B | ||
| Q4 24 | $10.1B | $10.6B | ||
| Q3 24 | $10.6B | $12.2B | ||
| Q2 24 | $10.6B | $11.5B | ||
| Q1 24 | $10.9B | $11.6B |
| Q4 25 | — | 1.99× | ||
| Q3 25 | 0.86× | 2.40× | ||
| Q2 25 | 0.85× | 2.76× | ||
| Q1 25 | 0.86× | 2.30× | ||
| Q4 24 | 0.89× | 2.31× | ||
| Q3 24 | 0.91× | 2.86× | ||
| Q2 24 | 0.97× | 2.84× | ||
| Q1 24 | 0.95× | 2.84× |
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 | $1.0B |
| Free Cash FlowOCF − Capex | — | $977.9M |
| FCF MarginFCF / Revenue | — | 34.0% |
| Capex IntensityCapex / Revenue | — | 1.1% |
| Cash ConversionOCF / Net Profit | 11.59× | 3.36× |
| TTM Free Cash FlowTrailing 4 quarters | — | $357.6M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $1.0B | ||
| Q3 25 | $224.3M | $-227.0M | ||
| Q2 25 | $145.8M | $-145.5M | ||
| Q1 25 | $249.0M | $-171.1M | ||
| Q4 24 | $154.4M | $918.1M | ||
| Q3 24 | $274.5M | $-301.6M | ||
| Q2 24 | $146.5M | $19.8M | ||
| Q1 24 | $263.9M | — |
| Q4 25 | — | $977.9M | ||
| Q3 25 | — | $-253.5M | ||
| Q2 25 | — | $-173.7M | ||
| Q1 25 | — | $-193.0M | ||
| Q4 24 | — | $899.7M | ||
| Q3 24 | — | $-322.4M | ||
| Q2 24 | — | $-5.4M | ||
| Q1 24 | — | — |
| Q4 25 | — | 34.0% | ||
| Q3 25 | — | -9.0% | ||
| Q2 25 | — | -9.9% | ||
| Q1 25 | — | -9.6% | ||
| Q4 24 | — | 31.7% | ||
| Q3 24 | — | -11.7% | ||
| Q2 24 | — | -0.3% | ||
| Q1 24 | — | — |
| Q4 25 | — | 1.1% | ||
| Q3 25 | — | 0.9% | ||
| Q2 25 | — | 1.6% | ||
| Q1 25 | — | 1.1% | ||
| Q4 24 | — | 0.6% | ||
| Q3 24 | — | 0.8% | ||
| Q2 24 | — | 1.3% | ||
| Q1 24 | — | — |
| Q4 25 | — | 3.36× | ||
| Q3 25 | 11.59× | -1.20× | ||
| Q2 25 | 11.52× | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 1.52× | 5.47× | ||
| Q3 24 | 16.19× | -5.78× | ||
| 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% |
VFC
| Outdoor | $1.9B | 67% |
| Sales Channel Through Intermediary | $813.4M | 28% |
| Other | $136.3M | 5% |
