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DARLING INGREDIENTS INC.（DAR）与First American Financial Corp（FAF）财务数据对比。点击上方公司名可切换其他公司
First American Financial Corp的季度营收约是DARLING INGREDIENTS INC.的1.3倍（$2.0B vs $1.6B），First American Financial Corp净利率更高（10.3% vs 1.2%，领先9.1%），First American Financial Corp同比增速更快（21.6% vs 10.0%），过去两年First American Financial Corp的营收复合增速更高（19.9% 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。
第一美国金融公司是美国知名金融服务企业，主要面向房地产及抵押贷款行业开展业务，核心服务涵盖产权保险、房产交易与抵押业务相关的交割结算服务，在全球地产金融服务领域具备成熟的服务能力与较高的行业认可度。
DAR vs FAF — 直观对比
营收规模更大
FAF
是对方的1.3倍
$1.6B
营收增速更快
FAF
高出11.6%
10.0%
净利率更高
FAF
高出9.1%
1.2%
两年增速更快
FAF
近两年复合增速
-1.6%
损益表 — Q3 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $1.6B | $2.0B |
| 净利润 | $19.4M | $211.9M |
| 毛利率 | 24.7% | — |
| 营业利润率 | 4.6% | 14.0% |
| 净利率 | 1.2% | 10.3% |
| 营收同比 | 10.0% | 21.6% |
| 净利润同比 | 14.2% | 192.7% |
| 每股收益（稀释后） | $0.12 | $2.04 |
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DARFAF
| Q4 25 | — | $2.0B | ||
| Q3 25 | $1.6B | $2.0B | ||
| Q2 25 | $1.5B | $1.8B | ||
| Q1 25 | $1.4B | $1.6B | ||
| Q4 24 | $1.4B | $1.7B | ||
| Q3 24 | $1.4B | $1.4B | ||
| Q2 24 | $1.5B | $1.6B | ||
| Q1 24 | $1.4B | $1.4B |
净利润DARFAF
| Q4 25 | — | $211.9M | ||
| Q3 25 | $19.4M | $189.6M | ||
| Q2 25 | $12.7M | $146.1M | ||
| Q1 25 | $-26.2M | $74.2M | ||
| Q4 24 | $101.9M | $72.4M | ||
| Q3 24 | $16.9M | $-104.0M | ||
| Q2 24 | $78.9M | $116.0M | ||
| Q1 24 | $81.2M | $46.7M |
毛利率DARFAF
| 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% | — |
营业利润率DARFAF
| Q4 25 | — | 14.0% | ||
| Q3 25 | 4.6% | 12.5% | ||
| Q2 25 | 5.1% | 10.6% | ||
| Q1 25 | 2.1% | 6.1% | ||
| Q4 24 | 8.6% | 5.9% | ||
| Q3 24 | 4.2% | -10.3% | ||
| Q2 24 | 10.2% | 9.4% | ||
| Q1 24 | 9.7% | 4.1% |
净利率DARFAF
| Q4 25 | — | 10.3% | ||
| Q3 25 | 1.2% | 9.6% | ||
| Q2 25 | 0.9% | 7.9% | ||
| Q1 25 | -1.9% | 4.7% | ||
| Q4 24 | 7.2% | 4.3% | ||
| Q3 24 | 1.2% | -7.4% | ||
| Q2 24 | 5.4% | 7.2% | ||
| Q1 24 | 5.7% | 3.3% |
每股收益（稀释后）DARFAF
| Q4 25 | — | $2.04 | ||
| Q3 25 | $0.12 | $1.84 | ||
| Q2 25 | $0.08 | $1.41 | ||
| Q1 25 | $-0.16 | $0.71 | ||
| Q4 24 | $0.63 | $0.70 | ||
| Q3 24 | $0.11 | $-1.00 | ||
| Q2 24 | $0.49 | $1.11 | ||
| Q1 24 | $0.50 | $0.45 |
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 | $1.4B |
| 总债务越低越好 | $4.0B | — |
| 股东权益账面价值 | $4.7B | $5.5B |
| 总资产 | $10.5B | $16.2B |
| 负债/权益比越低杠杆越低 | 0.86× | — |
8季度趋势，按日历期对齐
现金及短期投资DARFAF
| Q4 25 | — | $1.4B | ||
| Q3 25 | $91.5M | $2.9B | ||
| Q2 25 | $94.6M | $2.0B | ||
| Q1 25 | $81.5M | $2.0B | ||
| Q4 24 | $76.0M | $1.7B | ||
| Q3 24 | $114.8M | $3.0B | ||
| Q2 24 | $121.6M | $2.0B | ||
| Q1 24 | $145.5M | $1.5B |
总债务DARFAF
| 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 | — |
股东权益DARFAF
| Q4 25 | — | $5.5B | ||
| Q3 25 | $4.7B | $5.3B | ||
| Q2 25 | $4.6B | $5.1B | ||
| Q1 25 | $4.4B | $5.0B | ||
| Q4 24 | $4.4B | $4.9B | ||
| Q3 24 | $4.6B | $5.1B | ||
| Q2 24 | $4.5B | $4.8B | ||
| Q1 24 | $4.6B | $4.8B |
总资产DARFAF
| Q4 25 | — | $16.2B | ||
| Q3 25 | $10.5B | $17.6B | ||
| Q2 25 | $10.3B | $16.3B | ||
| Q1 25 | $10.0B | $15.5B | ||
| Q4 24 | $10.1B | $14.9B | ||
| Q3 24 | $10.6B | $16.6B | ||
| Q2 24 | $10.6B | $15.2B | ||
| Q1 24 | $10.9B | $14.7B |
负债/权益比DARFAF
| 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× | — |
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 | $369.3M |
| 自由现金流经营现金流 - 资本支出 | — | $324.5M |
| 自由现金流率自由现金流/营收 | — | 15.8% |
| 资本支出强度资本支出/营收 | — | 2.2% |
| 现金转化率经营现金流/净利润 | 11.59× | 1.74× |
| 过去12个月自由现金流最近4个季度 | — | $762.5M |
8季度趋势，按日历期对齐
经营现金流DARFAF
| Q4 25 | — | $369.3M | ||
| Q3 25 | $224.3M | $272.5M | ||
| Q2 25 | $145.8M | $361.8M | ||
| Q1 25 | $249.0M | $-52.8M | ||
| Q4 24 | $154.4M | $324.6M | ||
| Q3 24 | $274.5M | $236.9M | ||
| Q2 24 | $146.5M | $266.7M | ||
| Q1 24 | $263.9M | $69.3M |
自由现金流DARFAF
| Q4 25 | — | $324.5M | ||
| Q3 25 | — | $223.1M | ||
| Q2 25 | — | $309.4M | ||
| Q1 25 | — | $-94.5M | ||
| Q4 24 | — | $266.2M | ||
| Q3 24 | — | $185.4M | ||
| Q2 24 | — | $210.0M | ||
| Q1 24 | — | $17.6M |
自由现金流率DARFAF
| Q4 25 | — | 15.8% | ||
| Q3 25 | — | 11.3% | ||
| Q2 25 | — | 16.8% | ||
| Q1 25 | — | -6.0% | ||
| Q4 24 | — | 15.8% | ||
| Q3 24 | — | 13.2% | ||
| Q2 24 | — | 13.0% | ||
| Q1 24 | — | 1.2% |
资本支出强度DARFAF
| Q4 25 | — | 2.2% | ||
| Q3 25 | — | 2.5% | ||
| Q2 25 | — | 2.8% | ||
| Q1 25 | — | 2.6% | ||
| Q4 24 | — | 3.5% | ||
| Q3 24 | — | 3.7% | ||
| Q2 24 | — | 3.5% | ||
| Q1 24 | — | 3.6% |
现金转化率DARFAF
| Q4 25 | — | 1.74× | ||
| Q3 25 | 11.59× | 1.44× | ||
| Q2 25 | 11.52× | 2.48× | ||
| Q1 25 | — | -0.71× | ||
| Q4 24 | 1.52× | 4.48× | ||
| Q3 24 | 16.19× | — | ||
| Q2 24 | 1.86× | 2.30× | ||
| Q1 24 | 3.25× | 1.48× |
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% |
FAF
| Title Insurance And Services | $1.9B | 94% |
| Home Warranty | $110.3M | 5% |
