vs
DARLING INGREDIENTS INC.（DAR）与简柏特（G）财务数据对比。点击上方公司名可切换其他公司
DARLING INGREDIENTS INC.的季度营收约是简柏特的1.2倍（$1.6B vs $1.3B），简柏特净利率更高（10.8% vs 1.2%，领先9.6%），DARLING INGREDIENTS INC.同比增速更快（10.0% vs 5.6%），过去两年简柏特的营收复合增速更高（8.0% 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。
简柏特是全球领先的信息技术服务、咨询及外包提供商，总部位于美国纽约，最初成立于印度古尔冈，法定注册地为百慕大。集团现有员工超12.5万名，服务覆盖全球30多个国家，于纽交所上市，2023年总营收达44.8亿美元。
DAR vs G — 直观对比
营收规模更大
DAR
是对方的1.2倍
$1.3B
营收增速更快
DAR
高出4.3%
5.6%
净利率更高
G
高出9.6%
1.2%
两年增速更快
G
近两年复合增速
-1.6%
损益表 — Q3 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $1.6B | $1.3B |
| 净利润 | $19.4M | $143.1M |
| 毛利率 | 24.7% | 36.6% |
| 营业利润率 | 4.6% | 14.8% |
| 净利率 | 1.2% | 10.8% |
| 营收同比 | 10.0% | 5.6% |
| 净利润同比 | 14.2% | 0.8% |
| 每股收益（稀释后） | $0.12 | $0.82 |
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DARG
| Q4 25 | — | $1.3B | ||
| Q3 25 | $1.6B | $1.3B | ||
| Q2 25 | $1.5B | $1.3B | ||
| Q1 25 | $1.4B | $1.2B | ||
| Q4 24 | $1.4B | $1.2B | ||
| Q3 24 | $1.4B | $1.2B | ||
| Q2 24 | $1.5B | $1.2B | ||
| Q1 24 | $1.4B | $1.1B |
净利润DARG
| Q4 25 | — | $143.1M | ||
| Q3 25 | $19.4M | $145.8M | ||
| Q2 25 | $12.7M | $132.7M | ||
| Q1 25 | $-26.2M | $130.9M | ||
| Q4 24 | $101.9M | $141.9M | ||
| Q3 24 | $16.9M | $132.8M | ||
| Q2 24 | $78.9M | $122.0M | ||
| Q1 24 | $81.2M | $116.9M |
毛利率DARG
| Q4 25 | — | 36.6% | ||
| Q3 25 | 24.7% | 36.4% | ||
| Q2 25 | 23.3% | 35.9% | ||
| Q1 25 | 22.6% | 35.3% | ||
| Q4 24 | 23.5% | 35.7% | ||
| Q3 24 | 22.1% | 35.6% | ||
| Q2 24 | 22.5% | 35.4% | ||
| Q1 24 | 21.4% | 35.0% |
营业利润率DARG
| Q4 25 | — | 14.8% | ||
| Q3 25 | 4.6% | 14.8% | ||
| Q2 25 | 5.1% | 14.3% | ||
| Q1 25 | 2.1% | 15.1% | ||
| Q4 24 | 8.6% | 15.2% | ||
| Q3 24 | 4.2% | 15.0% | ||
| Q2 24 | 10.2% | 14.5% | ||
| Q1 24 | 9.7% | 14.1% |
净利率DARG
| Q4 25 | — | 10.8% | ||
| Q3 25 | 1.2% | 11.3% | ||
| Q2 25 | 0.9% | 10.6% | ||
| Q1 25 | -1.9% | 10.8% | ||
| Q4 24 | 7.2% | 11.4% | ||
| Q3 24 | 1.2% | 11.0% | ||
| Q2 24 | 5.4% | 10.4% | ||
| Q1 24 | 5.7% | 10.3% |
每股收益（稀释后）DARG
| Q4 25 | — | $0.82 | ||
| Q3 25 | $0.12 | $0.83 | ||
| Q2 25 | $0.08 | $0.75 | ||
| Q1 25 | $-0.16 | $0.73 | ||
| Q4 24 | $0.63 | $0.80 | ||
| Q3 24 | $0.11 | $0.74 | ||
| Q2 24 | $0.49 | $0.67 | ||
| Q1 24 | $0.50 | $0.64 |
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 | $1.2B |
| 总债务越低越好 | $4.0B | $1.5B |
| 股东权益账面价值 | $4.7B | $2.5B |
| 总资产 | $10.5B | $5.8B |
| 负债/权益比越低杠杆越低 | 0.86× | 0.60× |
8季度趋势，按日历期对齐
现金及短期投资DARG
| Q4 25 | — | $1.2B | ||
| Q3 25 | $91.5M | $740.8M | ||
| Q2 25 | $94.6M | $663.3M | ||
| Q1 25 | $81.5M | $561.6M | ||
| Q4 24 | $76.0M | $671.6M | ||
| Q3 24 | $114.8M | $1.0B | ||
| Q2 24 | $121.6M | $914.2M | ||
| Q1 24 | $145.5M | $478.4M |
总债务DARG
| Q4 25 | — | $1.5B | ||
| Q3 25 | $4.0B | $1.2B | ||
| Q2 25 | $3.9B | $1.2B | ||
| Q1 25 | $3.8B | $1.2B | ||
| Q4 24 | $3.9B | $1.2B | ||
| Q3 24 | $4.1B | $1.6B | ||
| Q2 24 | $4.3B | $1.6B | ||
| Q1 24 | $4.4B | $1.2B |
股东权益DARG
| Q4 25 | — | $2.5B | ||
| Q3 25 | $4.7B | $2.5B | ||
| Q2 25 | $4.6B | $2.6B | ||
| Q1 25 | $4.4B | $2.5B | ||
| Q4 24 | $4.4B | $2.4B | ||
| Q3 24 | $4.6B | $2.4B | ||
| Q2 24 | $4.5B | $2.3B | ||
| Q1 24 | $4.6B | $2.3B |
总资产DARG
| Q4 25 | — | $5.8B | ||
| Q3 25 | $10.5B | $5.4B | ||
| Q2 25 | $10.3B | $5.3B | ||
| Q1 25 | $10.0B | $4.9B | ||
| Q4 24 | $10.1B | $5.0B | ||
| Q3 24 | $10.6B | $5.3B | ||
| Q2 24 | $10.6B | $5.2B | ||
| Q1 24 | $10.9B | $4.7B |
负债/权益比DARG
| Q4 25 | — | 0.60× | ||
| Q3 25 | 0.86× | 0.47× | ||
| Q2 25 | 0.85× | 0.47× | ||
| Q1 25 | 0.86× | 0.50× | ||
| Q4 24 | 0.89× | 0.51× | ||
| Q3 24 | 0.91× | 0.68× | ||
| Q2 24 | 0.97× | 0.70× | ||
| Q1 24 | 0.95× | 0.54× |
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 | $286.7M |
| 自由现金流经营现金流 - 资本支出 | — | $269.0M |
| 自由现金流率自由现金流/营收 | — | 20.4% |
| 资本支出强度资本支出/营收 | — | 1.3% |
| 现金转化率经营现金流/净利润 | 11.59× | 2.00× |
| 过去12个月自由现金流最近4个季度 | — | $734.7M |
8季度趋势，按日历期对齐
经营现金流DARG
| Q4 25 | — | $286.7M | ||
| Q3 25 | $224.3M | $308.4M | ||
| Q2 25 | $145.8M | $177.4M | ||
| Q1 25 | $249.0M | $40.4M | ||
| Q4 24 | $154.4M | $203.2M | ||
| Q3 24 | $274.5M | $228.5M | ||
| Q2 24 | $146.5M | $209.3M | ||
| Q1 24 | $263.9M | $-25.6M |
自由现金流DARG
| Q4 25 | — | $269.0M | ||
| Q3 25 | — | $292.0M | ||
| Q2 25 | — | $155.1M | ||
| Q1 25 | — | $18.5M | ||
| Q4 24 | — | $183.5M | ||
| Q3 24 | — | $208.7M | ||
| Q2 24 | — | $190.0M | ||
| Q1 24 | — | $-49.6M |
自由现金流率DARG
| Q4 25 | — | 20.4% | ||
| Q3 25 | — | 22.6% | ||
| Q2 25 | — | 12.4% | ||
| Q1 25 | — | 1.5% | ||
| Q4 24 | — | 14.7% | ||
| Q3 24 | — | 17.2% | ||
| Q2 24 | — | 16.2% | ||
| Q1 24 | — | -4.4% |
资本支出强度DARG
| Q4 25 | — | 1.3% | ||
| Q3 25 | — | 1.3% | ||
| Q2 25 | — | 1.8% | ||
| Q1 25 | — | 1.8% | ||
| Q4 24 | — | 1.6% | ||
| Q3 24 | — | 1.6% | ||
| Q2 24 | — | 1.6% | ||
| Q1 24 | — | 2.1% |
现金转化率DARG
| Q4 25 | — | 2.00× | ||
| Q3 25 | 11.59× | 2.11× | ||
| Q2 25 | 11.52× | 1.34× | ||
| Q1 25 | — | 0.31× | ||
| Q4 24 | 1.52× | 1.43× | ||
| Q3 24 | 16.19× | 1.72× | ||
| Q2 24 | 1.86× | 1.72× | ||
| Q1 24 | 3.25× | -0.22× |
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% |
G
| High Tech And Manufacturing | $525.3M | 40% |
| Consumer And Healthcare | $445.8M | 34% |
| Financial Services | $348.2M | 26% |
