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DARLING INGREDIENTS INC.（DAR）与Leonardo DRS, Inc.（DRS）财务数据对比。点击上方公司名可切换其他公司
DARLING INGREDIENTS INC.的季度营收约是Leonardo DRS, Inc.的1.5倍（$1.6B vs $1.1B），Leonardo DRS, Inc.净利率更高（9.6% vs 1.2%，领先8.4%），DARLING INGREDIENTS INC.同比增速更快（10.0% vs 8.1%），过去两年Leonardo DRS, Inc.的营收复合增速更高（24.1% vs -1.6%）
Darling Ingredients Inc.是全球领先的可持续天然原料生产商，将可食用及不可食用有机副产品加工为食品级营养成分、动物饲料添加剂、制药原料、生物燃料组分等高价值产品，服务全球食品、农业、制药、可再生能源领域客户。
莱昂纳多DRS公司是美国本土国防承包商，前身为DRS技术公司，曾于纽约证券交易所挂牌交易，2008年被莱昂纳多的前身芬梅卡尼卡收购，核心业务为向美国军方提供先进国防技术及配套系统产品。
DAR vs DRS — 直观对比
营收规模更大
DAR
是对方的1.5倍
$1.1B
营收增速更快
DAR
高出1.9%
8.1%
净利率更高
DRS
高出8.4%
1.2%
两年增速更快
DRS
近两年复合增速
-1.6%
损益表 — Q3 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $1.6B | $1.1B |
| 净利润 | $19.4M | $102.0M |
| 毛利率 | 24.7% | 25.4% |
| 营业利润率 | 4.6% | 11.9% |
| 净利率 | 1.2% | 9.6% |
| 营收同比 | 10.0% | 8.1% |
| 净利润同比 | 14.2% | 14.6% |
| 每股收益（稀释后） | $0.12 | $0.38 |
绿色 = 该指标领先。财年不对齐时期间可能不同
8季度营收与利润趋势
并排季度历史对比，按日历期对齐，财年错位的公司也能正确匹配
营收DARDRS
| Q4 25 | — | $1.1B | ||
| Q3 25 | $1.6B | $960.0M | ||
| Q2 25 | $1.5B | $829.0M | ||
| Q1 25 | $1.4B | $799.0M | ||
| Q4 24 | $1.4B | $981.0M | ||
| Q3 24 | $1.4B | $812.0M | ||
| Q2 24 | $1.5B | $753.0M | ||
| Q1 24 | $1.4B | $688.0M |
净利润DARDRS
| Q4 25 | — | $102.0M | ||
| Q3 25 | $19.4M | $72.0M | ||
| Q2 25 | $12.7M | $54.0M | ||
| Q1 25 | $-26.2M | $50.0M | ||
| Q4 24 | $101.9M | $89.0M | ||
| Q3 24 | $16.9M | $57.0M | ||
| Q2 24 | $78.9M | $38.0M | ||
| Q1 24 | $81.2M | $29.0M |
毛利率DARDRS
| Q4 25 | — | 25.4% | ||
| Q3 25 | 24.7% | 23.1% | ||
| Q2 25 | 23.3% | 23.8% | ||
| Q1 25 | 22.6% | 22.7% | ||
| Q4 24 | 23.5% | 24.0% | ||
| Q3 24 | 22.1% | 22.0% | ||
| Q2 24 | 22.5% | 22.4% | ||
| Q1 24 | 21.4% | 22.2% |
营业利润率DARDRS
| Q4 25 | — | 11.9% | ||
| Q3 25 | 4.6% | 9.7% | ||
| Q2 25 | 5.1% | 8.4% | ||
| Q1 25 | 2.1% | 7.4% | ||
| Q4 24 | 8.6% | 12.2% | ||
| Q3 24 | 4.2% | 9.2% | ||
| Q2 24 | 10.2% | 7.3% | ||
| Q1 24 | 9.7% | 6.3% |
净利率DARDRS
| Q4 25 | — | 9.6% | ||
| Q3 25 | 1.2% | 7.5% | ||
| Q2 25 | 0.9% | 6.5% | ||
| Q1 25 | -1.9% | 6.3% | ||
| Q4 24 | 7.2% | 9.1% | ||
| Q3 24 | 1.2% | 7.0% | ||
| Q2 24 | 5.4% | 5.0% | ||
| Q1 24 | 5.7% | 4.2% |
每股收益（稀释后）DARDRS
| Q4 25 | — | $0.38 | ||
| Q3 25 | $0.12 | $0.26 | ||
| Q2 25 | $0.08 | $0.20 | ||
| Q1 25 | $-0.16 | $0.19 | ||
| Q4 24 | $0.63 | $0.34 | ||
| Q3 24 | $0.11 | $0.21 | ||
| Q2 24 | $0.49 | $0.14 | ||
| Q1 24 | $0.50 | $0.11 |
资产负债表与财务实力
最新季度各公司的流动性、杠杆与账面价值一览
| 指标 | | |
|---|---|---|
| 现金及短期投资手头流动性 | $91.5M | $647.0M |
| 总债务越低越好 | $4.0B | $321.0M |
| 股东权益账面价值 | $4.7B | $2.7B |
| 总资产 | $10.5B | $4.5B |
| 负债/权益比越低杠杆越低 | 0.86× | 0.12× |
8季度趋势，按日历期对齐
现金及短期投资DARDRS
| Q4 25 | — | $647.0M | ||
| Q3 25 | $91.5M | $309.0M | ||
| Q2 25 | $94.6M | $278.0M | ||
| Q1 25 | $81.5M | $380.0M | ||
| Q4 24 | $76.0M | $598.0M | ||
| Q3 24 | $114.8M | $198.0M | ||
| Q2 24 | $121.6M | $149.0M | ||
| Q1 24 | $145.5M | $160.0M |
总债务DARDRS
| Q4 25 | — | $321.0M | ||
| Q3 25 | $4.0B | $326.0M | ||
| Q2 25 | $3.9B | $331.0M | ||
| Q1 25 | $3.8B | $335.0M | ||
| Q4 24 | $3.9B | $340.0M | ||
| Q3 24 | $4.1B | $345.0M | ||
| Q2 24 | $4.3B | $351.0M | ||
| Q1 24 | $4.4B | $356.0M |
股东权益DARDRS
| Q4 25 | — | $2.7B | ||
| Q3 25 | $4.7B | $2.6B | ||
| Q2 25 | $4.6B | $2.6B | ||
| Q1 25 | $4.4B | $2.6B | ||
| Q4 24 | $4.4B | $2.6B | ||
| Q3 24 | $4.6B | $2.5B | ||
| Q2 24 | $4.5B | $2.4B | ||
| Q1 24 | $4.6B | $2.4B |
总资产DARDRS
| Q4 25 | — | $4.5B | ||
| Q3 25 | $10.5B | $4.2B | ||
| Q2 25 | $10.3B | $4.1B | ||
| Q1 25 | $10.0B | $4.1B | ||
| Q4 24 | $10.1B | $4.2B | ||
| Q3 24 | $10.6B | $3.9B | ||
| Q2 24 | $10.6B | $3.8B | ||
| Q1 24 | $10.9B | $3.8B |
负债/权益比DARDRS
| Q4 25 | — | 0.12× | ||
| Q3 25 | 0.86× | 0.12× | ||
| Q2 25 | 0.85× | 0.13× | ||
| Q1 25 | 0.86× | 0.13× | ||
| Q4 24 | 0.89× | 0.13× | ||
| Q3 24 | 0.91× | 0.14× | ||
| Q2 24 | 0.97× | 0.15× | ||
| Q1 24 | 0.95× | 0.15× |
现金流与资本效率
扣除再投资后实际产生的现金。现金流比净利润更难造假
| 指标 | | |
|---|---|---|
| 经营现金流最新季度 | $224.3M | $425.0M |
| 自由现金流经营现金流 - 资本支出 | — | $376.0M |
| 自由现金流率自由现金流/营收 | — | 35.5% |
| 资本支出强度资本支出/营收 | — | 4.6% |
| 现金转化率经营现金流/净利润 | 11.59× | 4.17× |
| 过去12个月自由现金流最近4个季度 | — | $227.0M |
8季度趋势，按日历期对齐
经营现金流DARDRS
| Q4 25 | — | $425.0M | ||
| Q3 25 | $224.3M | $107.0M | ||
| Q2 25 | $145.8M | $-28.0M | ||
| Q1 25 | $249.0M | $-138.0M | ||
| Q4 24 | $154.4M | $443.0M | ||
| Q3 24 | $274.5M | $59.0M | ||
| Q2 24 | $146.5M | $34.0M | ||
| Q1 24 | $263.9M | $-265.0M |
自由现金流DARDRS
| Q4 25 | — | $376.0M | ||
| Q3 25 | — | $77.0M | ||
| Q2 25 | — | $-56.0M | ||
| Q1 25 | — | $-170.0M | ||
| Q4 24 | — | $414.0M | ||
| Q3 24 | — | $47.0M | ||
| Q2 24 | — | $0 | ||
| Q1 24 | — | $-275.0M |
自由现金流率DARDRS
| Q4 25 | — | 35.5% | ||
| Q3 25 | — | 8.0% | ||
| Q2 25 | — | -6.8% | ||
| Q1 25 | — | -21.3% | ||
| Q4 24 | — | 42.2% | ||
| Q3 24 | — | 5.8% | ||
| Q2 24 | — | 0.0% | ||
| Q1 24 | — | -40.0% |
资本支出强度DARDRS
| Q4 25 | — | 4.6% | ||
| Q3 25 | — | 3.1% | ||
| Q2 25 | — | 3.4% | ||
| Q1 25 | — | 4.0% | ||
| Q4 24 | — | 3.0% | ||
| Q3 24 | — | 1.5% | ||
| Q2 24 | — | 4.5% | ||
| Q1 24 | — | 1.5% |
现金转化率DARDRS
| Q4 25 | — | 4.17× | ||
| Q3 25 | 11.59× | 1.49× | ||
| Q2 25 | 11.52× | -0.52× | ||
| Q1 25 | — | -2.76× | ||
| Q4 24 | 1.52× | 4.98× | ||
| Q3 24 | 16.19× | 1.04× | ||
| Q2 24 | 1.86× | 0.89× | ||
| Q1 24 | 3.25× | -9.14× |
财务流量对比
营收 → 毛利润 → 营业利润 → 净利润流向图
业务分部营收拆解
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% |
DRS
暂无分部数据
