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DARLING INGREDIENTS INC.（DAR）与RYDER SYSTEM INC（R）财务数据对比。点击上方公司名可切换其他公司
RYDER SYSTEM INC的季度营收约是DARLING INGREDIENTS INC.的2.0倍（$3.1B vs $1.6B），RYDER SYSTEM INC净利率更高（3.0% vs 1.2%，领先1.7%），DARLING INGREDIENTS INC.同比增速更快（10.0% vs 1.0%），过去两年RYDER SYSTEM INC的营收复合增速更高（-0.9% 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。
Ryder System Inc.是美国专业运输物流服务商，总部位于佛罗里达州科勒尔盖布尔斯，业务覆盖美国及英国，核心业务包含卡车租赁、车队管理、供应链及运输管理，同时提供车辆维保、二手车销售、专业司机派遣、电商履约与最后一公里配送等多元服务。
DAR vs R — 直观对比
营收规模更大
R
是对方的2.0倍
$1.6B
营收增速更快
DAR
高出9.0%
1.0%
净利率更高
R
高出1.7%
1.2%
两年增速更快
R
近两年复合增速
-1.6%
损益表 — Q3 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $1.6B | $3.1B |
| 净利润 | $19.4M | $93.0M |
| 毛利率 | 24.7% | — |
| 营业利润率 | 4.6% | — |
| 净利率 | 1.2% | 3.0% |
| 营收同比 | 10.0% | 1.0% |
| 净利润同比 | 14.2% | -5.1% |
| 每股收益（稀释后） | $0.12 | $2.34 |
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DARR
| Q1 26 | — | $3.1B | ||
| Q4 25 | — | $3.2B | ||
| Q3 25 | $1.6B | $3.2B | ||
| Q2 25 | $1.5B | $3.2B | ||
| Q1 25 | $1.4B | $3.1B | ||
| Q4 24 | $1.4B | $3.2B | ||
| Q3 24 | $1.4B | $3.2B | ||
| Q2 24 | $1.5B | $3.2B |
净利润DARR
| Q1 26 | — | $93.0M | ||
| Q4 25 | — | $132.0M | ||
| Q3 25 | $19.4M | $138.0M | ||
| Q2 25 | $12.7M | $131.0M | ||
| Q1 25 | $-26.2M | $98.0M | ||
| Q4 24 | $101.9M | $135.0M | ||
| Q3 24 | $16.9M | $142.0M | ||
| Q2 24 | $78.9M | $127.0M |
毛利率DARR
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | 24.7% | — | ||
| Q2 25 | 23.3% | — | ||
| Q1 25 | 22.6% | — | ||
| Q4 24 | 23.5% | — | ||
| Q3 24 | 22.1% | — | ||
| Q2 24 | 22.5% | — |
营业利润率DARR
| Q1 26 | — | — | ||
| Q4 25 | — | 5.6% | ||
| Q3 25 | 4.6% | 6.0% | ||
| Q2 25 | 5.1% | 5.8% | ||
| Q1 25 | 2.1% | 4.3% | ||
| Q4 24 | 8.6% | 5.7% | ||
| Q3 24 | 4.2% | 5.9% | ||
| Q2 24 | 10.2% | 5.6% |
净利率DARR
| Q1 26 | — | 3.0% | ||
| Q4 25 | — | 4.2% | ||
| Q3 25 | 1.2% | 4.4% | ||
| Q2 25 | 0.9% | 4.1% | ||
| Q1 25 | -1.9% | 3.1% | ||
| Q4 24 | 7.2% | 4.2% | ||
| Q3 24 | 1.2% | 4.5% | ||
| Q2 24 | 5.4% | 4.0% |
每股收益（稀释后）DARR
| Q1 26 | — | $2.34 | ||
| Q4 25 | — | $3.22 | ||
| Q3 25 | $0.12 | $3.32 | ||
| Q2 25 | $0.08 | $3.13 | ||
| Q1 25 | $-0.16 | $2.27 | ||
| Q4 24 | $0.63 | $3.09 | ||
| Q3 24 | $0.11 | $3.24 | ||
| Q2 24 | $0.49 | $2.84 |
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 | $182.0M |
| 总债务越低越好 | $4.0B | — |
| 股东权益账面价值 | $4.7B | $2.9B |
| 总资产 | $10.5B | — |
| 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DARR
| Q1 26 | — | $182.0M | ||
| Q4 25 | — | $198.0M | ||
| Q3 25 | $91.5M | $189.0M | ||
| Q2 25 | $94.6M | $180.0M | ||
| Q1 25 | $81.5M | $151.0M | ||
| Q4 24 | $76.0M | $154.0M | ||
| Q3 24 | $114.8M | $162.0M | ||
| Q2 24 | $121.6M | $164.0M |
总债务DARR
| Q1 26 | — | — | ||
| Q4 25 | — | $6.8B | ||
| Q3 25 | $4.0B | $7.3B | ||
| Q2 25 | $3.9B | $7.0B | ||
| Q1 25 | $3.8B | $6.7B | ||
| Q4 24 | $3.9B | $6.7B | ||
| Q3 24 | $4.1B | $6.6B | ||
| Q2 24 | $4.3B | $6.5B |
股东权益DARR
| Q1 26 | — | $2.9B | ||
| Q4 25 | — | $3.1B | ||
| Q3 25 | $4.7B | $3.1B | ||
| Q2 25 | $4.6B | $3.1B | ||
| Q1 25 | $4.4B | $3.0B | ||
| Q4 24 | $4.4B | $3.1B | ||
| Q3 24 | $4.6B | $3.1B | ||
| Q2 24 | $4.5B | $3.1B |
总资产DARR
| Q1 26 | — | — | ||
| Q4 25 | — | $16.4B | ||
| Q3 25 | $10.5B | $16.5B | ||
| Q2 25 | $10.3B | $16.5B | ||
| Q1 25 | $10.0B | $16.4B | ||
| Q4 24 | $10.1B | $16.7B | ||
| Q3 24 | $10.6B | $16.5B | ||
| Q2 24 | $10.6B | $16.4B |
负债/权益比DARR
| Q1 26 | — | — | ||
| Q4 25 | — | 2.24× | ||
| Q3 25 | 0.86× | 2.35× | ||
| Q2 25 | 0.85× | 2.27× | ||
| Q1 25 | 0.86× | 2.21× | ||
| Q4 24 | 0.89× | 2.14× | ||
| Q3 24 | 0.91× | 2.17× | ||
| Q2 24 | 0.97× | 2.09× |
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 | $583.0M |
| 自由现金流经营现金流 - 资本支出 | — | $273.0M |
| 自由现金流率自由现金流/营收 | — | 8.7% |
| 资本支出强度资本支出/营收 | — | 13.7% |
| 现金转化率经营现金流/净利润 | 11.59× | 6.27× |
| 过去12个月自由现金流最近4个季度 | — | $595.0M |
8季度趋势，按日历期对齐
经营现金流DARR
| Q1 26 | — | $583.0M | ||
| Q4 25 | — | $749.0M | ||
| Q3 25 | $224.3M | $442.0M | ||
| Q2 25 | $145.8M | $752.0M | ||
| Q1 25 | $249.0M | $651.0M | ||
| Q4 24 | $154.4M | $558.0M | ||
| Q3 24 | $274.5M | $629.0M | ||
| Q2 24 | $146.5M | $552.0M |
自由现金流DARR
| Q1 26 | — | $273.0M | ||
| Q4 25 | — | $344.0M | ||
| Q3 25 | — | $-85.0M | ||
| Q2 25 | — | $63.0M | ||
| Q1 25 | — | $137.0M | ||
| Q4 24 | — | $-201.0M | ||
| Q3 24 | — | $30.0M | ||
| Q2 24 | — | $-87.0M |
自由现金流率DARR
| Q1 26 | — | 8.7% | ||
| Q4 25 | — | 10.8% | ||
| Q3 25 | — | -2.7% | ||
| Q2 25 | — | 2.0% | ||
| Q1 25 | — | 4.4% | ||
| Q4 24 | — | -6.3% | ||
| Q3 24 | — | 0.9% | ||
| Q2 24 | — | -2.7% |
资本支出强度DARR
| Q1 26 | — | 13.7% | ||
| Q4 25 | — | 12.8% | ||
| Q3 25 | — | 16.6% | ||
| Q2 25 | — | 21.6% | ||
| Q1 25 | — | 16.4% | ||
| Q4 24 | — | 23.8% | ||
| Q3 24 | — | 18.9% | ||
| Q2 24 | — | 20.1% |
现金转化率DARR
| Q1 26 | — | 6.27× | ||
| Q4 25 | — | 5.67× | ||
| Q3 25 | 11.59× | 3.20× | ||
| Q2 25 | 11.52× | 5.74× | ||
| Q1 25 | — | 6.64× | ||
| Q4 24 | 1.52× | 4.13× | ||
| Q3 24 | 16.19× | 4.43× | ||
| Q2 24 | 1.86× | 4.35× |
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% |
R
| Fleet Management Solutions | $1.5B | 47% |
| ChoiceLease | $878.0M | 28% |
| Dedicated Transportation Solutions | $553.0M | 18% |
| Commercial rental | $211.0M | 7% |
