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DARLING INGREDIENTS INC.（DAR）与可口可乐公司（KO）财务数据对比。点击上方公司名可切换其他公司
可口可乐公司的季度营收约是DARLING INGREDIENTS INC.的7.6倍（$11.8B vs $1.6B）。可口可乐公司净利率更高（19.2% vs 1.2%，领先18.0%）。DARLING INGREDIENTS INC.同比增速更快（10.0% vs 2.4%）。过去两年可口可乐公司的营收复合增速更高（2.3% 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。
可口可乐公司是1892年成立的美国跨国企业，总部位于佐治亚州亚特兰大。公司主营含可口可乐在内的软饮、各类非酒精饮料浓缩液、糖浆及酒精饮料的生产、销售与营销，股票在纽交所上市，是道琼斯工业平均指数、标普500及标普100指数成分股。
DAR vs KO — 直观对比
营收规模更大
KO
是对方的7.6倍
$1.6B
营收增速更快
DAR
高出7.6%
2.4%
净利率更高
KO
高出18.0%
1.2%
两年增速更快
KO
近两年复合增速
-1.6%
损益表 — Q3 2026 vs Q4 2025
| 指标 | | |
|---|---|---|
| 营收 | $1.6B | $11.8B |
| 净利润 | $19.4M | $2.3B |
| 毛利率 | 24.7% | 60.0% |
| 营业利润率 | 4.6% | 15.6% |
| 净利率 | 1.2% | 19.2% |
| 营收同比 | 10.0% | 2.4% |
| 净利润同比 | 14.2% | 3.5% |
| 每股收益（稀释后） | $0.12 | $0.53 |
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DARKO
| Q4 25 | — | $11.8B | ||
| Q3 25 | $1.6B | $12.5B | ||
| Q2 25 | $1.5B | $12.5B | ||
| Q1 25 | $1.4B | $11.1B | ||
| Q4 24 | $1.4B | $11.5B | ||
| Q3 24 | $1.4B | $11.9B | ||
| Q2 24 | $1.5B | $12.4B | ||
| Q1 24 | $1.4B | $11.3B |
净利润DARKO
| Q4 25 | — | $2.3B | ||
| Q3 25 | $19.4M | $3.7B | ||
| Q2 25 | $12.7M | $3.8B | ||
| Q1 25 | $-26.2M | $3.3B | ||
| Q4 24 | $101.9M | $2.2B | ||
| Q3 24 | $16.9M | $2.8B | ||
| Q2 24 | $78.9M | $2.4B | ||
| Q1 24 | $81.2M | $3.2B |
毛利率DARKO
| Q4 25 | — | 60.0% | ||
| Q3 25 | 24.7% | 61.5% | ||
| Q2 25 | 23.3% | 62.4% | ||
| Q1 25 | 22.6% | 62.6% | ||
| Q4 24 | 23.5% | 60.0% | ||
| Q3 24 | 22.1% | 60.7% | ||
| Q2 24 | 22.5% | 61.1% | ||
| Q1 24 | 21.4% | 62.5% |
营业利润率DARKO
| Q4 25 | — | 15.6% | ||
| Q3 25 | 4.6% | 32.0% | ||
| Q2 25 | 5.1% | 34.1% | ||
| Q1 25 | 2.1% | 32.9% | ||
| Q4 24 | 8.6% | 23.5% | ||
| Q3 24 | 4.2% | 21.2% | ||
| Q2 24 | 10.2% | 21.3% | ||
| Q1 24 | 9.7% | 18.9% |
净利率DARKO
| Q4 25 | — | 19.2% | ||
| Q3 25 | 1.2% | 29.7% | ||
| Q2 25 | 0.9% | 30.4% | ||
| Q1 25 | -1.9% | 29.9% | ||
| Q4 24 | 7.2% | 19.0% | ||
| Q3 24 | 1.2% | 24.0% | ||
| Q2 24 | 5.4% | 19.5% | ||
| Q1 24 | 5.7% | 28.1% |
每股收益（稀释后）DARKO
| Q4 25 | — | $0.53 | ||
| Q3 25 | $0.12 | $0.86 | ||
| Q2 25 | $0.08 | $0.88 | ||
| Q1 25 | $-0.16 | $0.77 | ||
| Q4 24 | $0.63 | $0.50 | ||
| Q3 24 | $0.11 | $0.66 | ||
| Q2 24 | $0.49 | $0.56 | ||
| Q1 24 | $0.50 | $0.74 |
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 | $10.3B |
| 总债务越低越好 | $4.0B | $42.1B |
| 股东权益账面价值 | $4.7B | $32.2B |
| 总资产 | $10.5B | $104.8B |
| 负债/权益比越低杠杆越低 | 0.86× | 1.31× |
8季度趋势，按日历期对齐
现金及短期投资DARKO
| Q4 25 | — | $10.3B | ||
| Q3 25 | $91.5M | $12.7B | ||
| Q2 25 | $94.6M | $9.6B | ||
| Q1 25 | $81.5M | $8.4B | ||
| Q4 24 | $76.0M | $10.8B | ||
| Q3 24 | $114.8M | $13.9B | ||
| Q2 24 | $121.6M | $13.7B | ||
| Q1 24 | $145.5M | $10.4B |
总债务DARKO
| Q4 25 | — | $42.1B | ||
| Q3 25 | $4.0B | $43.2B | ||
| Q2 25 | $3.9B | $45.0B | ||
| Q1 25 | $3.8B | $43.5B | ||
| Q4 24 | $3.9B | $42.4B | ||
| Q3 24 | $4.1B | $43.0B | ||
| Q2 24 | $4.3B | $38.1B | ||
| Q1 24 | $4.4B | $36.5B |
股东权益DARKO
| Q4 25 | — | $32.2B | ||
| Q3 25 | $4.7B | $31.2B | ||
| Q2 25 | $4.6B | $28.6B | ||
| Q1 25 | $4.4B | $26.2B | ||
| Q4 24 | $4.4B | $24.9B | ||
| Q3 24 | $4.6B | $26.5B | ||
| Q2 24 | $4.5B | $25.9B | ||
| Q1 24 | $4.6B | $26.4B |
总资产DARKO
| Q4 25 | — | $104.8B | ||
| Q3 25 | $10.5B | $106.0B | ||
| Q2 25 | $10.3B | $104.3B | ||
| Q1 25 | $10.0B | $101.7B | ||
| Q4 24 | $10.1B | $100.5B | ||
| Q3 24 | $10.6B | $106.3B | ||
| Q2 24 | $10.6B | $101.2B | ||
| Q1 24 | $10.9B | $99.4B |
负债/权益比DARKO
| Q4 25 | — | 1.31× | ||
| Q3 25 | 0.86× | 1.38× | ||
| Q2 25 | 0.85× | 1.57× | ||
| Q1 25 | 0.86× | 1.66× | ||
| Q4 24 | 0.89× | 1.70× | ||
| Q3 24 | 0.91× | 1.62× | ||
| Q2 24 | 0.97× | 1.47× | ||
| Q1 24 | 0.95× | 1.38× |
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 | $3.8B |
| 自由现金流经营现金流 - 资本支出 | — | $2.9B |
| 自由现金流率自由现金流/营收 | — | 24.3% |
| 资本支出强度资本支出/营收 | — | 7.5% |
| 现金转化率经营现金流/净利润 | 11.59× | 1.65× |
| 过去12个月自由现金流最近4个季度 | — | $5.3B |
8季度趋势，按日历期对齐
经营现金流DARKO
| Q4 25 | — | $3.8B | ||
| Q3 25 | $224.3M | $5.0B | ||
| Q2 25 | $145.8M | $3.8B | ||
| Q1 25 | $249.0M | $-5.2B | ||
| Q4 24 | $154.4M | $4.0B | ||
| Q3 24 | $274.5M | $-1.3B | ||
| Q2 24 | $146.5M | $3.6B | ||
| Q1 24 | $263.9M | $528.0M |
自由现金流DARKO
| Q4 25 | — | $2.9B | ||
| Q3 25 | — | $4.6B | ||
| Q2 25 | — | $3.4B | ||
| Q1 25 | — | $-5.5B | ||
| Q4 24 | — | $3.1B | ||
| Q3 24 | — | $-1.7B | ||
| Q2 24 | — | $3.2B | ||
| Q1 24 | — | $158.0M |
自由现金流率DARKO
| Q4 25 | — | 24.3% | ||
| Q3 25 | — | 36.6% | ||
| Q2 25 | — | 26.9% | ||
| Q1 25 | — | -49.5% | ||
| Q4 24 | — | 27.3% | ||
| Q3 24 | — | -14.6% | ||
| Q2 24 | — | 25.6% | ||
| Q1 24 | — | 1.4% |
资本支出强度DARKO
| Q4 25 | — | 7.5% | ||
| Q3 25 | — | 3.8% | ||
| Q2 25 | — | 3.5% | ||
| Q1 25 | — | 2.8% | ||
| Q4 24 | — | 7.0% | ||
| Q3 24 | — | 4.0% | ||
| Q2 24 | — | 3.4% | ||
| Q1 24 | — | 3.3% |
现金转化率DARKO
| Q4 25 | — | 1.65× | ||
| Q3 25 | 11.59× | 1.36× | ||
| Q2 25 | 11.52× | 1.00× | ||
| Q1 25 | — | -1.56× | ||
| Q4 24 | 1.52× | 1.80× | ||
| Q3 24 | 16.19× | -0.44× | ||
| Q2 24 | 1.86× | 1.49× | ||
| Q1 24 | 3.25× | 0.17× |
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% |
KO
| Other | $7.0B | 59% |
| Finished Product Operations | $2.4B | 21% |
| Concentrate Operations | $2.4B | 20% |
