vs
DARLING INGREDIENTS INC.（DAR）与PVH CORP.（PVH）财务数据对比。点击上方公司名可切换其他公司
PVH CORP.的季度营收约是DARLING INGREDIENTS INC.的1.5倍（$2.3B vs $1.6B），DARLING INGREDIENTS INC.净利率更高（1.2% vs 0.2%，领先1.1%），DARLING INGREDIENTS INC.同比增速更快（10.0% vs 1.7%）
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。
PVH集团是源自美国的知名服饰企业，前身为Phillips-Van Heusen公司，旗下拥有Tommy Hilfiger、Calvin Klein等标志性时尚品牌，同时还获得Kenneth Cole New York、Michael Kors等品牌的授权经营许可，在全球服饰消费市场拥有广泛影响力。
DAR vs PVH — 直观对比
营收规模更大
PVH
是对方的1.5倍
$1.6B
营收增速更快
DAR
高出8.3%
1.7%
净利率更高
DAR
高出1.1%
0.2%
损益表 — Q3 FY2025 vs Q3 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $1.6B | $2.3B |
| 净利润 | $19.4M | $4.2M |
| 毛利率 | 24.7% | 56.3% |
| 营业利润率 | 4.6% | 7.9% |
| 净利率 | 1.2% | 0.2% |
| 营收同比 | 10.0% | 1.7% |
| 净利润同比 | 14.2% | -96.8% |
| 每股收益（稀释后） | $0.12 | $0.09 |
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DARPVH
| Q4 25 | — | $2.3B | ||
| Q3 25 | $1.6B | $2.2B | ||
| Q2 25 | $1.5B | $2.0B | ||
| Q1 25 | $1.4B | — | ||
| Q4 24 | $1.4B | — | ||
| Q3 24 | $1.4B | — | ||
| Q2 24 | $1.5B | — | ||
| Q1 24 | $1.4B | — |
净利润DARPVH
| Q4 25 | — | $4.2M | ||
| Q3 25 | $19.4M | $224.2M | ||
| Q2 25 | $12.7M | $-44.8M | ||
| Q1 25 | $-26.2M | — | ||
| Q4 24 | $101.9M | — | ||
| Q3 24 | $16.9M | — | ||
| Q2 24 | $78.9M | — | ||
| Q1 24 | $81.2M | — |
毛利率DARPVH
| Q4 25 | — | 56.3% | ||
| Q3 25 | 24.7% | 57.7% | ||
| Q2 25 | 23.3% | 58.6% | ||
| Q1 25 | 22.6% | — | ||
| Q4 24 | 23.5% | — | ||
| Q3 24 | 22.1% | — | ||
| Q2 24 | 22.5% | — | ||
| Q1 24 | 21.4% | — |
营业利润率DARPVH
| Q4 25 | — | 7.9% | ||
| Q3 25 | 4.6% | 6.1% | ||
| Q2 25 | 5.1% | -16.7% | ||
| Q1 25 | 2.1% | — | ||
| Q4 24 | 8.6% | — | ||
| Q3 24 | 4.2% | — | ||
| Q2 24 | 10.2% | — | ||
| Q1 24 | 9.7% | — |
净利率DARPVH
| Q4 25 | — | 0.2% | ||
| Q3 25 | 1.2% | 10.3% | ||
| Q2 25 | 0.9% | -2.3% | ||
| Q1 25 | -1.9% | — | ||
| Q4 24 | 7.2% | — | ||
| Q3 24 | 1.2% | — | ||
| Q2 24 | 5.4% | — | ||
| Q1 24 | 5.7% | — |
每股收益（稀释后）DARPVH
| Q4 25 | — | $0.09 | ||
| Q3 25 | $0.12 | $4.63 | ||
| Q2 25 | $0.08 | $-0.88 | ||
| Q1 25 | $-0.16 | — | ||
| Q4 24 | $0.63 | — | ||
| Q3 24 | $0.11 | — | ||
| Q2 24 | $0.49 | — | ||
| Q1 24 | $0.50 | — |
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 | $158.2M |
| 总债务越低越好 | $4.0B | $2.3B |
| 股东权益账面价值 | $4.7B | $4.9B |
| 总资产 | $10.5B | $11.4B |
| 负债/权益比越低杠杆越低 | 0.86× | 0.46× |
8季度趋势，按日历期对齐
现金及短期投资DARPVH
| Q4 25 | — | $158.2M | ||
| Q3 25 | $91.5M | $248.8M | ||
| Q2 25 | $94.6M | $191.0M | ||
| Q1 25 | $81.5M | — | ||
| Q4 24 | $76.0M | — | ||
| Q3 24 | $114.8M | — | ||
| Q2 24 | $121.6M | — | ||
| Q1 24 | $145.5M | — |
总债务DARPVH
| Q4 25 | — | $2.3B | ||
| Q3 25 | $4.0B | $2.3B | ||
| Q2 25 | $3.9B | $2.2B | ||
| Q1 25 | $3.8B | — | ||
| Q4 24 | $3.9B | — | ||
| Q3 24 | $4.1B | — | ||
| Q2 24 | $4.3B | — | ||
| Q1 24 | $4.4B | — |
股东权益DARPVH
| Q4 25 | — | $4.9B | ||
| Q3 25 | $4.7B | $4.9B | ||
| Q2 25 | $4.6B | $4.6B | ||
| Q1 25 | $4.4B | — | ||
| Q4 24 | $4.4B | — | ||
| Q3 24 | $4.6B | — | ||
| Q2 24 | $4.5B | — | ||
| Q1 24 | $4.6B | — |
总资产DARPVH
| Q4 25 | — | $11.4B | ||
| Q3 25 | $10.5B | $11.6B | ||
| Q2 25 | $10.3B | $10.7B | ||
| Q1 25 | $10.0B | — | ||
| Q4 24 | $10.1B | — | ||
| Q3 24 | $10.6B | — | ||
| Q2 24 | $10.6B | — | ||
| Q1 24 | $10.9B | — |
负债/权益比DARPVH
| Q4 25 | — | 0.46× | ||
| Q3 25 | 0.86× | 0.47× | ||
| Q2 25 | 0.85× | 0.48× | ||
| 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 | $-44.5M |
| 自由现金流经营现金流 - 资本支出 | — | $-85.1M |
| 自由现金流率自由现金流/营收 | — | -3.7% |
| 资本支出强度资本支出/营收 | — | 1.8% |
| 现金转化率经营现金流/净利润 | 11.59× | -10.60× |
| 过去12个月自由现金流最近4个季度 | — | — |
8季度趋势，按日历期对齐
经营现金流DARPVH
| Q4 25 | — | $-44.5M | ||
| Q3 25 | $224.3M | $213.1M | ||
| Q2 25 | $145.8M | $-71.4M | ||
| Q1 25 | $249.0M | — | ||
| Q4 24 | $154.4M | — | ||
| Q3 24 | $274.5M | — | ||
| Q2 24 | $146.5M | — | ||
| Q1 24 | $263.9M | — |
自由现金流DARPVH
| Q4 25 | — | $-85.1M | ||
| Q3 25 | — | $181.9M | ||
| Q2 25 | — | $-98.1M | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
自由现金流率DARPVH
| Q4 25 | — | -3.7% | ||
| Q3 25 | — | 8.4% | ||
| Q2 25 | — | -4.9% | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
资本支出强度DARPVH
| Q4 25 | — | 1.8% | ||
| Q3 25 | — | 1.4% | ||
| Q2 25 | — | 1.3% | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
现金转化率DARPVH
| Q4 25 | — | -10.60× | ||
| Q3 25 | 11.59× | 0.95× | ||
| Q2 25 | 11.52× | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 1.52× | — | ||
| Q3 24 | 16.19× | — | ||
| Q2 24 | 1.86× | — | ||
| Q1 24 | 3.25× | — |
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% |
PVH
| Sales Channel Salesto Wholesale Customers | $1.0B | 44% |
| Sales Channel Sales To Owned And Operated Retail Customers | $868.0M | 38% |
| Sales Channel Sales To Owned And Operated Digital Retail Customers | $186.6M | 8% |
| Licensing | $99.5M | 4% |
| Other | $75.8M | 3% |
| Heritage Brands | $51.3M | 2% |
