vs
DARLING INGREDIENTS INC.（DAR）与OPEN TEXT CORP（OTEX）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OPEN TEXT CORP的1.2倍（$1.6B vs $1.3B），OPEN TEXT CORP净利率更高（12.7% vs 1.2%，领先11.4%），DARLING INGREDIENTS INC.同比增速更快（10.0% vs -0.6%），过去两年DARLING INGREDIENTS INC.的营收复合增速更高（-1.6% vs -4.3%）
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。
Open Text Corporation是全球知名的跨国软件企业，专注于信息管理类软件的研发与销售，业务覆盖全球众多国家和地区，可为各行业客户提供成熟的信息管理解决方案，助力企业高效管理数据资产，推进数字化转型落地。
DAR vs OTEX — 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10.6%
-0.6%
净利率更高
OTEX
高出11.4%
1.2%
两年增速更快
DAR
近两年复合增速
-4.3%
损益表 — Q3 FY2025 vs Q2 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $1.6B | $1.3B |
| 净利润 | $19.4M | $168.1M |
| 毛利率 | 24.7% | 74.0% |
| 营业利润率 | 4.6% | 22.0% |
| 净利率 | 1.2% | 12.7% |
| 营收同比 | 10.0% | -0.6% |
| 净利润同比 | 14.2% | -26.9% |
| 每股收益（稀释后） | $0.12 | $0.66 |
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DAROTEX
| Q4 25 | — | $1.3B | ||
| Q3 25 | $1.6B | $1.3B | ||
| Q2 25 | $1.5B | $1.3B | ||
| Q1 25 | $1.4B | $1.3B | ||
| Q4 24 | $1.4B | $1.3B | ||
| Q3 24 | $1.4B | $1.3B | ||
| Q2 24 | $1.5B | $1.4B | ||
| Q1 24 | $1.4B | $1.4B |
净利润DAROTEX
| Q4 25 | — | $168.1M | ||
| Q3 25 | $19.4M | $146.6M | ||
| Q2 25 | $12.7M | $28.8M | ||
| Q1 25 | $-26.2M | $92.8M | ||
| Q4 24 | $101.9M | $229.9M | ||
| Q3 24 | $16.9M | $84.4M | ||
| Q2 24 | $78.9M | $248.2M | ||
| Q1 24 | $81.2M | $98.3M |
毛利率DAROTEX
| Q4 25 | — | 74.0% | ||
| Q3 25 | 24.7% | 72.8% | ||
| Q2 25 | 23.3% | 72.3% | ||
| Q1 25 | 22.6% | 71.6% | ||
| Q4 24 | 23.5% | 73.3% | ||
| Q3 24 | 22.1% | 71.7% | ||
| Q2 24 | 22.5% | 72.5% | ||
| Q1 24 | 21.4% | 73.0% |
营业利润率DAROTEX
| Q4 25 | — | 22.0% | ||
| Q3 25 | 4.6% | 21.0% | ||
| Q2 25 | 5.1% | 13.9% | ||
| Q1 25 | 2.1% | 16.7% | ||
| Q4 24 | 8.6% | 22.2% | ||
| Q3 24 | 4.2% | 16.3% | ||
| Q2 24 | 10.2% | 14.2% | ||
| Q1 24 | 9.7% | 15.7% |
净利率DAROTEX
| Q4 25 | — | 12.7% | ||
| Q3 25 | 1.2% | 11.4% | ||
| Q2 25 | 0.9% | 2.2% | ||
| Q1 25 | -1.9% | 7.4% | ||
| Q4 24 | 7.2% | 17.2% | ||
| Q3 24 | 1.2% | 6.6% | ||
| Q2 24 | 5.4% | 18.2% | ||
| Q1 24 | 5.7% | 6.8% |
每股收益（稀释后）DAROTEX
| Q4 25 | — | $0.66 | ||
| Q3 25 | $0.12 | $0.58 | ||
| Q2 25 | $0.08 | $0.11 | ||
| Q1 25 | $-0.16 | $0.35 | ||
| Q4 24 | $0.63 | $0.87 | ||
| Q3 24 | $0.11 | $0.32 | ||
| Q2 24 | $0.49 | $0.91 | ||
| Q1 24 | $0.50 | $0.36 |
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 | $1.3B |
| 总债务越低越好 | $4.0B | $6.4B |
| 股东权益账面价值 | $4.7B | $4.0B |
| 总资产 | $10.5B | $13.6B |
| 负债/权益比越低杠杆越低 | 0.86× | 1.58× |
8季度趋势，按日历期对齐
现金及短期投资DAROTEX
| Q4 25 | — | $1.3B | ||
| Q3 25 | $91.5M | $1.1B | ||
| Q2 25 | $94.6M | $1.2B | ||
| Q1 25 | $81.5M | $1.3B | ||
| Q4 24 | $76.0M | $1.1B | ||
| Q3 24 | $114.8M | $1.0B | ||
| Q2 24 | $121.6M | $1.3B | ||
| Q1 24 | $145.5M | $1.1B |
总债务DAROTEX
| Q4 25 | — | $6.4B | ||
| Q3 25 | $4.0B | $6.4B | ||
| Q2 25 | $3.9B | $6.4B | ||
| Q1 25 | $3.8B | $6.4B | ||
| Q4 24 | $3.9B | $6.4B | ||
| Q3 24 | $4.1B | $6.4B | ||
| Q2 24 | $4.3B | $6.4B | ||
| Q1 24 | $4.4B | $8.4B |
股东权益DAROTEX
| Q4 25 | — | $4.0B | ||
| Q3 25 | $4.7B | $4.0B | ||
| Q2 25 | $4.6B | $3.9B | ||
| Q1 25 | $4.4B | $4.1B | ||
| Q4 24 | $4.4B | $4.2B | ||
| Q3 24 | $4.6B | $4.1B | ||
| Q2 24 | $4.5B | $4.2B | ||
| Q1 24 | $4.6B | $4.1B |
总资产DAROTEX
| Q4 25 | — | $13.6B | ||
| Q3 25 | $10.5B | $13.5B | ||
| Q2 25 | $10.3B | $13.8B | ||
| Q1 25 | $10.0B | $13.8B | ||
| Q4 24 | $10.1B | $13.7B | ||
| Q3 24 | $10.6B | $13.8B | ||
| Q2 24 | $10.6B | $14.2B | ||
| Q1 24 | $10.9B | $16.4B |
负债/权益比DAROTEX
| Q4 25 | — | 1.58× | ||
| Q3 25 | 0.86× | 1.61× | ||
| Q2 25 | 0.85× | 1.62× | ||
| Q1 25 | 0.86× | 1.55× | ||
| Q4 24 | 0.89× | 1.51× | ||
| Q3 24 | 0.91× | 1.55× | ||
| Q2 24 | 0.97× | 1.52× | ||
| Q1 24 | 0.95× | 2.02× |
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 | $318.7M |
| 自由现金流经营现金流 - 资本支出 | — | $279.4M |
| 自由现金流率自由现金流/营收 | — | 21.1% |
| 资本支出强度资本支出/营收 | — | 3.0% |
| 现金转化率经营现金流/净利润 | 11.59× | 1.90× |
| 过去12个月自由现金流最近4个季度 | — | $878.5M |
8季度趋势，按日历期对齐
经营现金流DAROTEX
| Q4 25 | — | $318.7M | ||
| Q3 25 | $224.3M | $147.8M | ||
| Q2 25 | $145.8M | $158.2M | ||
| Q1 25 | $249.0M | $402.2M | ||
| Q4 24 | $154.4M | $348.0M | ||
| Q3 24 | $274.5M | $-77.8M | ||
| Q2 24 | $146.5M | $185.2M | ||
| Q1 24 | $263.9M | $384.7M |
自由现金流DAROTEX
| Q4 25 | — | $279.4M | ||
| Q3 25 | — | $101.2M | ||
| Q2 25 | — | $124.0M | ||
| Q1 25 | — | $373.8M | ||
| Q4 24 | — | $306.7M | ||
| Q3 24 | — | $-117.1M | ||
| Q2 24 | — | $145.2M | ||
| Q1 24 | — | $348.2M |
自由现金流率DAROTEX
| Q4 25 | — | 21.1% | ||
| Q3 25 | — | 7.9% | ||
| Q2 25 | — | 9.5% | ||
| Q1 25 | — | 29.8% | ||
| Q4 24 | — | 23.0% | ||
| Q3 24 | — | -9.2% | ||
| Q2 24 | — | 10.7% | ||
| Q1 24 | — | 24.1% |
资本支出强度DAROTEX
| Q4 25 | — | 3.0% | ||
| Q3 25 | — | 3.6% | ||
| Q2 25 | — | 2.6% | ||
| Q1 25 | — | 2.3% | ||
| Q4 24 | — | 3.1% | ||
| Q3 24 | — | 3.1% | ||
| Q2 24 | — | 2.9% | ||
| Q1 24 | — | 2.5% |
现金转化率DAROTEX
| Q4 25 | — | 1.90× | ||
| Q3 25 | 11.59× | 1.01× | ||
| Q2 25 | 11.52× | 5.49× | ||
| Q1 25 | — | 4.33× | ||
| Q4 24 | 1.52× | 1.51× | ||
| Q3 24 | 16.19× | -0.92× | ||
| Q2 24 | 1.86× | 0.75× | ||
| Q1 24 | 3.25× | 3.91× |
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% |
OTEX
| Transferred At Point In Time | $184.2M | 14% |
| Cybersecurity Enterprise Product | $174.5M | 13% |
| Business Network Product | $159.8M | 12% |
| Business Network Cloud Services And Subscriptions | $151.4M | 11% |
| Content Cloud Services And Subscriptions | $137.9M | 10% |
| Cybersecurity SMB Consumer Product | $127.6M | 10% |
| Application Delivery Management Product | $120.1M | 9% |
| IT Operations Management Product | $113.3M | 9% |
| Professional Service And Other | $82.5M | 6% |
| Analytics Product | $58.1M | 4% |
| IT Operations Management Cloud Services And Subscriptions | $7.8M | 1% |
