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DARLING INGREDIENTS INC.（DAR）与第一太阳能（FSLR）财务数据对比。点击上方公司名可切换其他公司
第一太阳能的季度营收约是DARLING INGREDIENTS INC.的1.1倍（$1.7B vs $1.6B），第一太阳能净利率更高（31.0% vs 1.2%，领先29.7%），第一太阳能同比增速更快（11.1% vs 10.0%），过去两年第一太阳能的营收复合增速更高（45.6% 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。
第一太阳能是美国上市光伏面板制造商，1990年成立时名为Solar Cells, Inc.，1999年被True North Partners收购后改为现名。公司采用碲化镉（CdTe）半导体技术生产刚性薄膜光伏面板，旗下所有生产基地均提供退役面板回收服务。
DAR vs FSLR — 直观对比
营收规模更大
FSLR
是对方的1.1倍
$1.6B
营收增速更快
FSLR
高出1.2%
10.0%
净利率更高
FSLR
高出29.7%
1.2%
两年增速更快
FSLR
近两年复合增速
-1.6%
损益表 — Q3 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $1.6B | $1.7B |
| 净利润 | $19.4M | $520.9M |
| 毛利率 | 24.7% | 39.5% |
| 营业利润率 | 4.6% | 32.6% |
| 净利率 | 1.2% | 31.0% |
| 营收同比 | 10.0% | 11.1% |
| 净利润同比 | 14.2% | 32.5% |
| 每股收益（稀释后） | $0.12 | $4.84 |
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DARFSLR
| Q4 25 | — | $1.7B | ||
| Q3 25 | $1.6B | $1.6B | ||
| Q2 25 | $1.5B | $1.1B | ||
| Q1 25 | $1.4B | $844.6M | ||
| Q4 24 | $1.4B | $1.5B | ||
| Q3 24 | $1.4B | $887.7M | ||
| Q2 24 | $1.5B | $1.0B | ||
| Q1 24 | $1.4B | $794.1M |
净利润DARFSLR
| Q4 25 | — | $520.9M | ||
| Q3 25 | $19.4M | $455.9M | ||
| Q2 25 | $12.7M | $341.9M | ||
| Q1 25 | $-26.2M | $209.5M | ||
| Q4 24 | $101.9M | $393.1M | ||
| Q3 24 | $16.9M | $313.0M | ||
| Q2 24 | $78.9M | $349.4M | ||
| Q1 24 | $81.2M | $236.6M |
毛利率DARFSLR
| Q4 25 | — | 39.5% | ||
| Q3 25 | 24.7% | 38.3% | ||
| Q2 25 | 23.3% | 45.6% | ||
| Q1 25 | 22.6% | 40.8% | ||
| Q4 24 | 23.5% | 37.5% | ||
| Q3 24 | 22.1% | 50.2% | ||
| Q2 24 | 22.5% | 49.4% | ||
| Q1 24 | 21.4% | 43.6% |
营业利润率DARFSLR
| Q4 25 | — | 32.6% | ||
| Q3 25 | 4.6% | 29.2% | ||
| Q2 25 | 5.1% | 33.0% | ||
| Q1 25 | 2.1% | 26.2% | ||
| Q4 24 | 8.6% | 30.2% | ||
| Q3 24 | 4.2% | 36.3% | ||
| Q2 24 | 10.2% | 36.9% | ||
| Q1 24 | 9.7% | 30.6% |
净利率DARFSLR
| Q4 25 | — | 31.0% | ||
| Q3 25 | 1.2% | 28.6% | ||
| Q2 25 | 0.9% | 31.2% | ||
| Q1 25 | -1.9% | 24.8% | ||
| Q4 24 | 7.2% | 26.0% | ||
| Q3 24 | 1.2% | 35.3% | ||
| Q2 24 | 5.4% | 34.6% | ||
| Q1 24 | 5.7% | 29.8% |
每股收益（稀释后）DARFSLR
| Q4 25 | — | $4.84 | ||
| Q3 25 | $0.12 | $4.24 | ||
| Q2 25 | $0.08 | $3.18 | ||
| Q1 25 | $-0.16 | $1.95 | ||
| Q4 24 | $0.63 | $3.66 | ||
| Q3 24 | $0.11 | $2.91 | ||
| Q2 24 | $0.49 | $3.25 | ||
| Q1 24 | $0.50 | $2.20 |
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 | $2.8B |
| 总债务越低越好 | $4.0B | — |
| 股东权益账面价值 | $4.7B | $9.5B |
| 总资产 | $10.5B | $13.3B |
| 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DARFSLR
| Q4 25 | — | $2.8B | ||
| Q3 25 | $91.5M | $2.0B | ||
| Q2 25 | $94.6M | $1.1B | ||
| Q1 25 | $81.5M | $837.6M | ||
| Q4 24 | $76.0M | $1.6B | ||
| Q3 24 | $114.8M | $1.0B | ||
| Q2 24 | $121.6M | $1.7B | ||
| Q1 24 | $145.5M | $1.7B |
总债务DARFSLR
| 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DARFSLR
| Q4 25 | — | $9.5B | ||
| Q3 25 | $4.7B | $9.0B | ||
| Q2 25 | $4.6B | $8.5B | ||
| Q1 25 | $4.4B | $8.2B | ||
| Q4 24 | $4.4B | $8.0B | ||
| Q3 24 | $4.6B | $7.6B | ||
| Q2 24 | $4.5B | $7.3B | ||
| Q1 24 | $4.6B | $6.9B |
总资产DARFSLR
| Q4 25 | — | $13.3B | ||
| Q3 25 | $10.5B | $13.5B | ||
| Q2 25 | $10.3B | $12.9B | ||
| Q1 25 | $10.0B | $12.1B | ||
| Q4 24 | $10.1B | $12.1B | ||
| Q3 24 | $10.6B | $11.4B | ||
| Q2 24 | $10.6B | $11.0B | ||
| Q1 24 | $10.9B | $10.8B |
负债/权益比DARFSLR
| 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 | $1.2B |
| 自由现金流经营现金流 - 资本支出 | — | $1.1B |
| 自由现金流率自由现金流/营收 | — | 63.6% |
| 资本支出强度资本支出/营收 | — | 10.2% |
| 现金转化率经营现金流/净利润 | 11.59× | 2.38× |
| 过去12个月自由现金流最近4个季度 | — | $1.2B |
8季度趋势，按日历期对齐
经营现金流DARFSLR
| Q4 25 | — | $1.2B | ||
| Q3 25 | $224.3M | $1.3B | ||
| Q2 25 | $145.8M | $149.6M | ||
| Q1 25 | $249.0M | $-608.0M | ||
| Q4 24 | $154.4M | $811.0M | ||
| Q3 24 | $274.5M | $-53.7M | ||
| Q2 24 | $146.5M | $193.0M | ||
| Q1 24 | $263.9M | $267.7M |
自由现金流DARFSLR
| Q4 25 | — | $1.1B | ||
| Q3 25 | — | $1.1B | ||
| Q2 25 | — | $-138.6M | ||
| Q1 25 | — | $-813.9M | ||
| Q4 24 | — | $497.5M | ||
| Q3 24 | — | $-487.7M | ||
| Q2 24 | — | $-172.1M | ||
| Q1 24 | — | $-145.7M |
自由现金流率DARFSLR
| Q4 25 | — | 63.6% | ||
| Q3 25 | — | 67.1% | ||
| Q2 25 | — | -12.6% | ||
| Q1 25 | — | -96.4% | ||
| Q4 24 | — | 32.9% | ||
| Q3 24 | — | -54.9% | ||
| Q2 24 | — | -17.0% | ||
| Q1 24 | — | -18.4% |
资本支出强度DARFSLR
| Q4 25 | — | 10.2% | ||
| Q3 25 | — | 12.8% | ||
| Q2 25 | — | 26.3% | ||
| Q1 25 | — | 24.4% | ||
| Q4 24 | — | 20.7% | ||
| Q3 24 | — | 48.9% | ||
| Q2 24 | — | 36.1% | ||
| Q1 24 | — | 52.1% |
现金转化率DARFSLR
| Q4 25 | — | 2.38× | ||
| Q3 25 | 11.59× | 2.79× | ||
| Q2 25 | 11.52× | 0.44× | ||
| Q1 25 | — | -2.90× | ||
| Q4 24 | 1.52× | 2.06× | ||
| Q3 24 | 16.19× | -0.17× | ||
| Q2 24 | 1.86× | 0.55× | ||
| Q1 24 | 3.25× | 1.13× |
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% |
FSLR
暂无分部数据
