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DARLING INGREDIENTS INC.（DAR）与IES Holdings, Inc.（IESC）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IES Holdings, Inc.的1.8倍（$1.6B vs $871.0M），IES Holdings, Inc.净利率更高（10.5% vs 1.2%，领先9.3%），IES Holdings, Inc.同比增速更快（16.2% vs 10.0%），过去两年IES Holdings, Inc.的营收复合增速更高（11.1% 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。
IES Holdings, Inc.前身为Integrated Electrical Services, Inc.，主营业务为集成电气及技术系统的设计与安装，同时面向数据中心、住宅、商业和工业设施等多元终端市场提供基础设施类产品及相关服务。
DAR vs IESC — 直观对比
营收规模更大
DAR
是对方的1.8倍
$871.0M
营收增速更快
IESC
高出6.2%
10.0%
净利率更高
IESC
高出9.3%
1.2%
两年增速更快
IESC
近两年复合增速
-1.6%
损益表 — Q3 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $1.6B | $871.0M |
| 净利润 | $19.4M | $91.8M |
| 毛利率 | 24.7% | 25.3% |
| 营业利润率 | 4.6% | 11.2% |
| 净利率 | 1.2% | 10.5% |
| 营收同比 | 10.0% | 16.2% |
| 净利润同比 | 14.2% | 59.1% |
| 每股收益（稀释后） | $0.12 | $4.51 |
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DARIESC
| Q4 25 | — | $871.0M | ||
| Q3 25 | $1.6B | $897.8M | ||
| Q2 25 | $1.5B | $890.2M | ||
| Q1 25 | $1.4B | $834.0M | ||
| Q4 24 | $1.4B | $749.5M | ||
| Q3 24 | $1.4B | $775.8M | ||
| Q2 24 | $1.5B | $768.4M | ||
| Q1 24 | $1.4B | $705.7M |
净利润DARIESC
| Q4 25 | — | $91.8M | ||
| Q3 25 | $19.4M | $102.3M | ||
| Q2 25 | $12.7M | $79.3M | ||
| Q1 25 | $-26.2M | $72.6M | ||
| Q4 24 | $101.9M | $57.7M | ||
| Q3 24 | $16.9M | $65.5M | ||
| Q2 24 | $78.9M | $66.6M | ||
| Q1 24 | $81.2M | $56.8M |
毛利率DARIESC
| Q4 25 | — | 25.3% | ||
| Q3 25 | 24.7% | 26.0% | ||
| Q2 25 | 23.3% | 26.9% | ||
| Q1 25 | 22.6% | 25.0% | ||
| Q4 24 | 23.5% | 23.8% | ||
| Q3 24 | 22.1% | 24.0% | ||
| Q2 24 | 22.5% | 25.3% | ||
| Q1 24 | 21.4% | 24.3% |
营业利润率DARIESC
| Q4 25 | — | 11.2% | ||
| Q3 25 | 4.6% | 11.6% | ||
| Q2 25 | 5.1% | 12.6% | ||
| Q1 25 | 2.1% | 11.1% | ||
| Q4 24 | 8.6% | 10.0% | ||
| Q3 24 | 4.2% | 9.7% | ||
| Q2 24 | 10.2% | 11.7% | ||
| Q1 24 | 9.7% | 11.0% |
净利率DARIESC
| Q4 25 | — | 10.5% | ||
| Q3 25 | 1.2% | 11.4% | ||
| Q2 25 | 0.9% | 8.9% | ||
| Q1 25 | -1.9% | 8.7% | ||
| Q4 24 | 7.2% | 7.7% | ||
| Q3 24 | 1.2% | 8.4% | ||
| Q2 24 | 5.4% | 8.7% | ||
| Q1 24 | 5.7% | 8.0% |
每股收益（稀释后）DARIESC
| Q4 25 | — | $4.51 | ||
| Q3 25 | $0.12 | $4.99 | ||
| Q2 25 | $0.08 | $3.81 | ||
| Q1 25 | $-0.16 | $3.50 | ||
| Q4 24 | $0.63 | $2.72 | ||
| Q3 24 | $0.11 | $3.06 | ||
| Q2 24 | $0.49 | $2.67 | ||
| Q1 24 | $0.50 | $2.29 |
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 | $258.7M |
| 总债务越低越好 | $4.0B | — |
| 股东权益账面价值 | $4.7B | $961.1M |
| 总资产 | $10.5B | $1.7B |
| 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DARIESC
| Q4 25 | — | $258.7M | ||
| Q3 25 | $91.5M | $231.8M | ||
| Q2 25 | $94.6M | $168.3M | ||
| Q1 25 | $81.5M | $88.3M | ||
| Q4 24 | $76.0M | $112.0M | ||
| Q3 24 | $114.8M | $135.8M | ||
| Q2 24 | $121.6M | $44.9M | ||
| Q1 24 | $145.5M | $106.0M |
总债务DARIESC
| 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DARIESC
| Q4 25 | — | $961.1M | ||
| Q3 25 | $4.7B | $884.0M | ||
| Q2 25 | $4.6B | $781.4M | ||
| Q1 25 | $4.4B | $705.8M | ||
| Q4 24 | $4.4B | $652.4M | ||
| Q3 24 | $4.6B | $611.1M | ||
| Q2 24 | $4.5B | $567.5M | ||
| Q1 24 | $4.6B | $534.8M |
总资产DARIESC
| Q4 25 | — | $1.7B | ||
| Q3 25 | $10.5B | $1.6B | ||
| Q2 25 | $10.3B | $1.5B | ||
| Q1 25 | $10.0B | $1.4B | ||
| Q4 24 | $10.1B | $1.3B | ||
| Q3 24 | $10.6B | $1.2B | ||
| Q2 24 | $10.6B | $1.2B | ||
| Q1 24 | $10.9B | $1.1B |
负债/权益比DARIESC
| 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 | $27.7M |
| 自由现金流经营现金流 - 资本支出 | — | $-18.9M |
| 自由现金流率自由现金流/营收 | — | -2.2% |
| 资本支出强度资本支出/营收 | — | 5.3% |
| 现金转化率经营现金流/净利润 | 11.59× | 0.30× |
| 过去12个月自由现金流最近4个季度 | — | $175.9M |
8季度趋势，按日历期对齐
经营现金流DARIESC
| Q4 25 | — | $27.7M | ||
| Q3 25 | $224.3M | $132.0M | ||
| Q2 25 | $145.8M | $92.0M | ||
| Q1 25 | $249.0M | $24.8M | ||
| Q4 24 | $154.4M | $37.3M | ||
| Q3 24 | $274.5M | $92.8M | ||
| Q2 24 | $146.5M | $82.9M | ||
| Q1 24 | $263.9M | $33.7M |
自由现金流DARIESC
| Q4 25 | — | $-18.9M | ||
| Q3 25 | — | $112.0M | ||
| Q2 25 | — | $74.8M | ||
| Q1 25 | — | $7.9M | ||
| Q4 24 | — | $24.1M | ||
| Q3 24 | — | $78.5M | ||
| Q2 24 | — | $65.4M | ||
| Q1 24 | — | $26.9M |
自由现金流率DARIESC
| Q4 25 | — | -2.2% | ||
| Q3 25 | — | 12.5% | ||
| Q2 25 | — | 8.4% | ||
| Q1 25 | — | 0.9% | ||
| Q4 24 | — | 3.2% | ||
| Q3 24 | — | 10.1% | ||
| Q2 24 | — | 8.5% | ||
| Q1 24 | — | 3.8% |
资本支出强度DARIESC
| Q4 25 | — | 5.3% | ||
| Q3 25 | — | 2.2% | ||
| Q2 25 | — | 1.9% | ||
| Q1 25 | — | 2.0% | ||
| Q4 24 | — | 1.8% | ||
| Q3 24 | — | 1.8% | ||
| Q2 24 | — | 2.3% | ||
| Q1 24 | — | 1.0% |
现金转化率DARIESC
| Q4 25 | — | 0.30× | ||
| Q3 25 | 11.59× | 1.29× | ||
| Q2 25 | 11.52× | 1.16× | ||
| Q1 25 | — | 0.34× | ||
| Q4 24 | 1.52× | 0.65× | ||
| Q3 24 | 16.19× | 1.42× | ||
| Q2 24 | 1.86× | 1.24× | ||
| Q1 24 | 3.25× | 0.59× |
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% |
IESC
| Communications | $351.9M | 40% |
| Single Family Electrical Contracts | $137.0M | 16% |
| Custom Engineered Solutions | $116.0M | 13% |
| Commercialand Industrial | $94.8M | 11% |
| Single Family Contracts Plumbing HVAC | $82.9M | 10% |
| Multi Familyand Other | $64.2M | 7% |
| Industrial Services | $24.2M | 3% |
