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DARLING INGREDIENTS INC.（DAR）与FTI CONSULTING, INC（FCN）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FTI CONSULTING, INC的1.6倍（$1.6B vs $990.7M），FTI CONSULTING, INC净利率更高（5.5% vs 1.2%，领先4.3%），FTI CONSULTING, INC同比增速更快（10.7% vs 10.0%），过去两年FTI CONSULTING, INC的营收复合增速更高（3.3% 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。
FTI咨询成立于1982年，总部位于美国华盛顿特区，是全球顶尖的金融咨询服务商之一。公司核心业务涵盖企业融资与重组、经济咨询、法务与诉讼咨询、战略传播、科技及战略咨询等领域，在31个国家拥有逾7700名员工。
DAR vs FCN — 直观对比
营收规模更大
DAR
是对方的1.6倍
$990.7M
营收增速更快
FCN
高出0.7%
10.0%
净利率更高
FCN
高出4.3%
1.2%
两年增速更快
FCN
近两年复合增速
-1.6%
损益表 — Q3 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $1.6B | $990.7M |
| 净利润 | $19.4M | $54.5M |
| 毛利率 | 24.7% | 31.1% |
| 营业利润率 | 4.6% | 9.4% |
| 净利率 | 1.2% | 5.5% |
| 营收同比 | 10.0% | 10.7% |
| 净利润同比 | 14.2% | 9.7% |
| 每股收益（稀释后） | $0.12 | $1.77 |
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DARFCN
| Q4 25 | — | $990.7M | ||
| Q3 25 | $1.6B | $956.2M | ||
| Q2 25 | $1.5B | $943.7M | ||
| Q1 25 | $1.4B | $898.3M | ||
| Q4 24 | $1.4B | $894.9M | ||
| Q3 24 | $1.4B | $926.0M | ||
| Q2 24 | $1.5B | $949.2M | ||
| Q1 24 | $1.4B | $928.6M |
净利润DARFCN
| Q4 25 | — | $54.5M | ||
| Q3 25 | $19.4M | $82.8M | ||
| Q2 25 | $12.7M | $71.7M | ||
| Q1 25 | $-26.2M | $61.8M | ||
| Q4 24 | $101.9M | $49.7M | ||
| Q3 24 | $16.9M | $66.5M | ||
| Q2 24 | $78.9M | $83.9M | ||
| Q1 24 | $81.2M | $80.0M |
毛利率DARFCN
| Q4 25 | — | 31.1% | ||
| Q3 25 | 24.7% | 33.3% | ||
| Q2 25 | 23.3% | 32.1% | ||
| Q1 25 | 22.6% | 32.2% | ||
| Q4 24 | 23.5% | 30.2% | ||
| Q3 24 | 22.1% | 32.2% | ||
| Q2 24 | 22.5% | 32.8% | ||
| Q1 24 | 21.4% | 32.6% |
营业利润率DARFCN
| Q4 25 | — | 9.4% | ||
| Q3 25 | 4.6% | 12.3% | ||
| Q2 25 | 5.1% | 10.5% | ||
| Q1 25 | 2.1% | 8.8% | ||
| Q4 24 | 8.6% | 5.9% | ||
| Q3 24 | 4.2% | 9.8% | ||
| Q2 24 | 10.2% | 11.0% | ||
| Q1 24 | 9.7% | 10.7% |
净利率DARFCN
| Q4 25 | — | 5.5% | ||
| Q3 25 | 1.2% | 8.7% | ||
| Q2 25 | 0.9% | 7.6% | ||
| Q1 25 | -1.9% | 6.9% | ||
| Q4 24 | 7.2% | 5.6% | ||
| Q3 24 | 1.2% | 7.2% | ||
| Q2 24 | 5.4% | 8.8% | ||
| Q1 24 | 5.7% | 8.6% |
每股收益（稀释后）DARFCN
| Q4 25 | — | $1.77 | ||
| Q3 25 | $0.12 | $2.60 | ||
| Q2 25 | $0.08 | $2.13 | ||
| Q1 25 | $-0.16 | $1.74 | ||
| Q4 24 | $0.63 | $1.39 | ||
| Q3 24 | $0.11 | $1.85 | ||
| Q2 24 | $0.49 | $2.34 | ||
| Q1 24 | $0.50 | $2.23 |
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 | $265.1M |
| 总债务越低越好 | $4.0B | — |
| 股东权益账面价值 | $4.7B | $1.7B |
| 总资产 | $10.5B | $3.5B |
| 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DARFCN
| Q4 25 | — | $265.1M | ||
| Q3 25 | $91.5M | $146.0M | ||
| Q2 25 | $94.6M | $152.8M | ||
| Q1 25 | $81.5M | $151.1M | ||
| Q4 24 | $76.0M | $660.5M | ||
| Q3 24 | $114.8M | $386.3M | ||
| Q2 24 | $121.6M | $226.4M | ||
| Q1 24 | $145.5M | $244.0M |
总债务DARFCN
| Q4 25 | — | — | ||
| Q3 25 | $4.0B | — | ||
| Q2 25 | $3.9B | — | ||
| Q1 25 | $3.8B | — | ||
| Q4 24 | $3.9B | $0 | ||
| Q3 24 | $4.1B | — | ||
| Q2 24 | $4.3B | $60.0M | ||
| Q1 24 | $4.4B | $205.0M |
股东权益DARFCN
| Q4 25 | — | $1.7B | ||
| Q3 25 | $4.7B | $1.7B | ||
| Q2 25 | $4.6B | $1.9B | ||
| Q1 25 | $4.4B | $2.1B | ||
| Q4 24 | $4.4B | $2.3B | ||
| Q3 24 | $4.6B | $2.3B | ||
| Q2 24 | $4.5B | $2.1B | ||
| Q1 24 | $4.6B | $2.1B |
总资产DARFCN
| Q4 25 | — | $3.5B | ||
| Q3 25 | $10.5B | $3.5B | ||
| Q2 25 | $10.3B | $3.5B | ||
| Q1 25 | $10.0B | $3.3B | ||
| Q4 24 | $10.1B | $3.6B | ||
| Q3 24 | $10.6B | $3.5B | ||
| Q2 24 | $10.6B | $3.4B | ||
| Q1 24 | $10.9B | $3.3B |
负债/权益比DARFCN
| Q4 25 | — | — | ||
| Q3 25 | 0.86× | — | ||
| Q2 25 | 0.85× | — | ||
| Q1 25 | 0.86× | — | ||
| Q4 24 | 0.89× | 0.00× | ||
| Q3 24 | 0.91× | — | ||
| Q2 24 | 0.97× | 0.03× | ||
| Q1 24 | 0.95× | 0.10× |
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 | $359.8M |
| 自由现金流经营现金流 - 资本支出 | — | $351.4M |
| 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 | — | 0.8% |
| 现金转化率经营现金流/净利润 | 11.59× | 6.60× |
| 过去12个月自由现金流最近4个季度 | — | $93.6M |
8季度趋势，按日历期对齐
经营现金流DARFCN
| Q4 25 | — | $359.8M | ||
| Q3 25 | $224.3M | $201.9M | ||
| Q2 25 | $145.8M | $55.7M | ||
| Q1 25 | $249.0M | $-465.2M | ||
| Q4 24 | $154.4M | $315.3M | ||
| Q3 24 | $274.5M | $219.4M | ||
| Q2 24 | $146.5M | $135.2M | ||
| Q1 24 | $263.9M | $-274.8M |
自由现金流DARFCN
| Q4 25 | — | $351.4M | ||
| Q3 25 | — | $187.0M | ||
| Q2 25 | — | $38.3M | ||
| Q1 25 | — | $-483.0M | ||
| Q4 24 | — | $301.6M | ||
| Q3 24 | — | $212.3M | ||
| Q2 24 | — | $125.2M | ||
| Q1 24 | — | $-279.5M |
自由现金流率DARFCN
| Q4 25 | — | 35.5% | ||
| Q3 25 | — | 19.6% | ||
| Q2 25 | — | 4.1% | ||
| Q1 25 | — | -53.8% | ||
| Q4 24 | — | 33.7% | ||
| Q3 24 | — | 22.9% | ||
| Q2 24 | — | 13.2% | ||
| Q1 24 | — | -30.1% |
资本支出强度DARFCN
| Q4 25 | — | 0.8% | ||
| Q3 25 | — | 1.6% | ||
| Q2 25 | — | 1.8% | ||
| Q1 25 | — | 2.0% | ||
| Q4 24 | — | 1.5% | ||
| Q3 24 | — | 0.8% | ||
| Q2 24 | — | 1.1% | ||
| Q1 24 | — | 0.5% |
现金转化率DARFCN
| Q4 25 | — | 6.60× | ||
| Q3 25 | 11.59× | 2.44× | ||
| Q2 25 | 11.52× | 0.78× | ||
| Q1 25 | — | -7.52× | ||
| Q4 24 | 1.52× | 6.34× | ||
| Q3 24 | 16.19× | 3.30× | ||
| Q2 24 | 1.86× | 1.61× | ||
| Q1 24 | 3.25× | -3.44× |
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% |
FCN
| Corporate Finance Segment | $423.2M | 43% |
| Forensic And Litigation Consulting | $192.9M | 19% |
| Economic Consulting | $176.2M | 18% |
| Strategic Communications | $99.4M | 10% |
| Other | $99.0M | 10% |
