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Side-by-side financial comparison of DARLING INGREDIENTS INC. (DAR) and Virtu Financial, Inc. (VIRT). Click either name above to swap in a different company.
DARLING INGREDIENTS INC. is the larger business by last-quarter revenue ($1.6B vs $969.9M, roughly 1.6× Virtu Financial, Inc.). Virtu Financial, Inc. runs the higher net margin — 14.4% vs 1.2%, a 13.2% gap on every dollar of revenue. On growth, Virtu Financial, Inc. posted the faster year-over-year revenue change (16.3% vs 10.0%). Over the past eight quarters, Virtu Financial, Inc.'s revenue compounded faster (22.8% 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.
Virtu Financial, Inc. is an American high-frequency trading company. The company went public on the Nasdaq in 2015.
DAR vs VIRT — Head-to-Head
Income Statement — Q3 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $1.6B | $969.9M |
| Net Profit | $19.4M | $139.9M |
| Gross Margin | 24.7% | — |
| Operating Margin | 4.6% | 35.4% |
| Net Margin | 1.2% | 14.4% |
| Revenue YoY | 10.0% | 16.3% |
| Net Profit YoY | 14.2% | 48.7% |
| EPS (diluted) | $0.12 | $1.54 |
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 | — | $969.9M | ||
| Q3 25 | $1.6B | $824.8M | ||
| Q2 25 | $1.5B | $999.6M | ||
| Q1 25 | $1.4B | $837.9M | ||
| Q4 24 | $1.4B | $834.3M | ||
| Q3 24 | $1.4B | $706.8M | ||
| Q2 24 | $1.5B | $693.0M | ||
| Q1 24 | $1.4B | $642.8M |
| Q4 25 | — | $139.9M | ||
| Q3 25 | $19.4M | $77.6M | ||
| Q2 25 | $12.7M | $151.2M | ||
| Q1 25 | $-26.2M | $99.7M | ||
| Q4 24 | $101.9M | $94.1M | ||
| Q3 24 | $16.9M | $60.0M | ||
| Q2 24 | $78.9M | $66.6M | ||
| Q1 24 | $81.2M | $55.8M |
| Q4 25 | — | — | ||
| Q3 25 | 24.7% | — | ||
| Q2 25 | 23.3% | — | ||
| Q1 25 | 22.6% | — | ||
| Q4 24 | 23.5% | — | ||
| Q3 24 | 22.1% | — | ||
| Q2 24 | 22.5% | — | ||
| Q1 24 | 21.4% | — |
| Q4 25 | — | 35.4% | ||
| Q3 25 | 4.6% | 21.8% | ||
| Q2 25 | 5.1% | 34.7% | ||
| Q1 25 | 2.1% | 26.7% | ||
| Q4 24 | 8.6% | 24.3% | ||
| Q3 24 | 4.2% | 20.8% | ||
| Q2 24 | 10.2% | 22.4% | ||
| Q1 24 | 9.7% | 21.8% |
| Q4 25 | — | 14.4% | ||
| Q3 25 | 1.2% | 9.4% | ||
| Q2 25 | 0.9% | 15.1% | ||
| Q1 25 | -1.9% | 11.9% | ||
| Q4 24 | 7.2% | 11.3% | ||
| Q3 24 | 1.2% | 8.5% | ||
| Q2 24 | 5.4% | 9.6% | ||
| Q1 24 | 5.7% | 8.7% |
| Q4 25 | — | $1.54 | ||
| Q3 25 | $0.12 | $0.86 | ||
| Q2 25 | $0.08 | $1.65 | ||
| Q1 25 | $-0.16 | $1.08 | ||
| Q4 24 | $0.63 | $1.03 | ||
| Q3 24 | $0.11 | $0.64 | ||
| Q2 24 | $0.49 | $0.71 | ||
| Q1 24 | $0.50 | $0.59 |
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 | $2.0B |
| Stockholders' EquityBook value | $4.7B | $1.6B |
| Total Assets | $10.5B | $20.2B |
| Debt / EquityLower = less leverage | 0.86× | 1.29× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $1.1B | ||
| Q3 25 | $91.5M | $707.9M | ||
| Q2 25 | $94.6M | $752.1M | ||
| Q1 25 | $81.5M | $723.6M | ||
| Q4 24 | $76.0M | $872.5M | ||
| Q3 24 | $114.8M | $701.4M | ||
| Q2 24 | $121.6M | $684.8M | ||
| Q1 24 | $145.5M | $399.6M |
| Q4 25 | — | $2.0B | ||
| Q3 25 | $4.0B | $2.0B | ||
| Q2 25 | $3.9B | $1.7B | ||
| Q1 25 | $3.8B | $1.7B | ||
| Q4 24 | $3.9B | $1.7B | ||
| Q3 24 | $4.1B | $1.7B | ||
| Q2 24 | $4.3B | $1.7B | ||
| Q1 24 | $4.4B | $1.7B |
| Q4 25 | — | $1.6B | ||
| Q3 25 | $4.7B | $1.5B | ||
| Q2 25 | $4.6B | $1.4B | ||
| Q1 25 | $4.4B | $1.3B | ||
| Q4 24 | $4.4B | $1.3B | ||
| Q3 24 | $4.6B | $1.2B | ||
| Q2 24 | $4.5B | $1.2B | ||
| Q1 24 | $4.6B | $1.2B |
| Q4 25 | — | $20.2B | ||
| Q3 25 | $10.5B | $21.3B | ||
| Q2 25 | $10.3B | $19.3B | ||
| Q1 25 | $10.0B | $17.5B | ||
| Q4 24 | $10.1B | $15.4B | ||
| Q3 24 | $10.6B | $14.4B | ||
| Q2 24 | $10.6B | $13.9B | ||
| Q1 24 | $10.9B | $12.8B |
| Q4 25 | — | 1.29× | ||
| Q3 25 | 0.86× | 1.40× | ||
| Q2 25 | 0.85× | 1.24× | ||
| Q1 25 | 0.86× | 1.33× | ||
| Q4 24 | 0.89× | 1.39× | ||
| Q3 24 | 0.91× | 1.41× | ||
| Q2 24 | 0.97× | 1.41× | ||
| Q1 24 | 0.95× | 1.42× |
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 | $518.4M |
| Free Cash FlowOCF − Capex | — | $495.6M |
| FCF MarginFCF / Revenue | — | 51.1% |
| Capex IntensityCapex / Revenue | — | 2.4% |
| Cash ConversionOCF / Net Profit | 11.59× | 3.71× |
| TTM Free Cash FlowTrailing 4 quarters | — | $485.6M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $518.4M | ||
| Q3 25 | $224.3M | $-68.7M | ||
| Q2 25 | $145.8M | $62.8M | ||
| Q1 25 | $249.0M | $15.0M | ||
| Q4 24 | $154.4M | $599.0M | ||
| Q3 24 | $274.5M | $112.1M | ||
| Q2 24 | $146.5M | $490.8M | ||
| Q1 24 | $263.9M | $-395.4M |
| Q4 25 | — | $495.6M | ||
| Q3 25 | — | $-76.7M | ||
| Q2 25 | — | $57.6M | ||
| Q1 25 | — | $9.2M | ||
| Q4 24 | — | $586.6M | ||
| Q3 24 | — | $106.2M | ||
| Q2 24 | — | $486.9M | ||
| Q1 24 | — | $-398.2M |
| Q4 25 | — | 51.1% | ||
| Q3 25 | — | -9.3% | ||
| Q2 25 | — | 5.8% | ||
| Q1 25 | — | 1.1% | ||
| Q4 24 | — | 70.3% | ||
| Q3 24 | — | 15.0% | ||
| Q2 24 | — | 70.3% | ||
| Q1 24 | — | -61.9% |
| Q4 25 | — | 2.4% | ||
| Q3 25 | — | 1.0% | ||
| Q2 25 | — | 0.5% | ||
| Q1 25 | — | 0.7% | ||
| Q4 24 | — | 1.5% | ||
| Q3 24 | — | 0.8% | ||
| Q2 24 | — | 0.6% | ||
| Q1 24 | — | 0.4% |
| Q4 25 | — | 3.71× | ||
| Q3 25 | 11.59× | -0.89× | ||
| Q2 25 | 11.52× | 0.42× | ||
| Q1 25 | — | 0.15× | ||
| Q4 24 | 1.52× | 6.37× | ||
| Q3 24 | 16.19× | 1.87× | ||
| Q2 24 | 1.86× | 7.37× | ||
| Q1 24 | 3.25× | -7.08× |
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% |
VIRT
Segment breakdown not available.
