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DARLING INGREDIENTS INC.（DAR）与Rivian Automotive, Inc.（RIVN）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Rivian Automotive, Inc.的1.2倍（$1.6B vs $1.3B），DARLING INGREDIENTS INC.净利率更高（1.2% vs -63.1%，领先64.3%），DARLING INGREDIENTS INC.同比增速更快（10.0% vs -25.8%），过去两年Rivian Automotive, Inc.的营收复合增速更高（3.3% 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。
Rivian Automotive是2009年成立的美国电动汽车制造商及汽车科技企业，主打基于自研滑板平台打造的电动SUV、皮卡及EDV电动配送货车，旗下R1T皮卡于2021年末正式开启交付，还计划于2023年底前在美国和加拿大布局专属充电网络，其平台可适配新车型也可对外授权使用。
DAR vs RIVN — 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35.8%
-25.8%
净利率更高
DAR
高出64.3%
-63.1%
两年增速更快
RIVN
近两年复合增速
-1.6%
损益表 — Q3 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $1.6B | $1.3B |
| 净利润 | $19.4M | $-811.0M |
| 毛利率 | 24.7% | 9.3% |
| 营业利润率 | 4.6% | -64.8% |
| 净利率 | 1.2% | -63.1% |
| 营收同比 | 10.0% | -25.8% |
| 净利润同比 | 14.2% | -9.0% |
| 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DARRIVN
| Q4 25 | — | $1.3B | ||
| Q3 25 | $1.6B | $1.6B | ||
| Q2 25 | $1.5B | $1.3B | ||
| Q1 25 | $1.4B | $1.2B | ||
| Q4 24 | $1.4B | $1.7B | ||
| Q3 24 | $1.4B | $874.0M | ||
| Q2 24 | $1.5B | $1.2B | ||
| Q1 24 | $1.4B | $1.2B |
净利润DARRIVN
| Q4 25 | — | $-811.0M | ||
| Q3 25 | $19.4M | $-1.2B | ||
| Q2 25 | $12.7M | $-1.1B | ||
| Q1 25 | $-26.2M | $-545.0M | ||
| Q4 24 | $101.9M | $-744.0M | ||
| Q3 24 | $16.9M | $-1.1B | ||
| Q2 24 | $78.9M | $-1.5B | ||
| Q1 24 | $81.2M | $-1.4B |
毛利率DARRIVN
| Q4 25 | — | 9.3% | ||
| Q3 25 | 24.7% | 1.5% | ||
| Q2 25 | 23.3% | -15.8% | ||
| Q1 25 | 22.6% | 16.6% | ||
| Q4 24 | 23.5% | 9.8% | ||
| Q3 24 | 22.1% | -44.9% | ||
| Q2 24 | 22.5% | -38.9% | ||
| Q1 24 | 21.4% | -43.8% |
营业利润率DARRIVN
| Q4 25 | — | -64.8% | ||
| Q3 25 | 4.6% | -63.1% | ||
| Q2 25 | 5.1% | -85.5% | ||
| Q1 25 | 2.1% | -52.8% | ||
| Q4 24 | 8.6% | -38.1% | ||
| Q3 24 | 4.2% | -133.8% | ||
| Q2 24 | 10.2% | -118.7% | ||
| Q1 24 | 9.7% | -123.3% |
净利率DARRIVN
| Q4 25 | — | -63.1% | ||
| Q3 25 | 1.2% | -75.3% | ||
| Q2 25 | 0.9% | -85.7% | ||
| Q1 25 | -1.9% | -44.0% | ||
| Q4 24 | 7.2% | -42.9% | ||
| Q3 24 | 1.2% | -125.9% | ||
| Q2 24 | 5.4% | -125.8% | ||
| Q1 24 | 5.7% | -120.1% |
每股收益（稀释后）DARRIVN
| Q4 25 | — | $-0.66 | ||
| Q3 25 | $0.12 | $-0.96 | ||
| Q2 25 | $0.08 | $-0.97 | ||
| Q1 25 | $-0.16 | $-0.48 | ||
| Q4 24 | $0.63 | $-0.67 | ||
| Q3 24 | $0.11 | $-1.08 | ||
| Q2 24 | $0.49 | $-1.46 | ||
| Q1 24 | $0.50 | $-1.48 |
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 | $6.1B |
| 总债务越低越好 | $4.0B | — |
| 股东权益账面价值 | $4.7B | $4.6B |
| 总资产 | $10.5B | $14.9B |
| 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DARRIVN
| Q4 25 | — | $6.1B | ||
| Q3 25 | $91.5M | $7.1B | ||
| Q2 25 | $94.6M | $7.5B | ||
| Q1 25 | $81.5M | $7.2B | ||
| Q4 24 | $76.0M | $7.7B | ||
| Q3 24 | $114.8M | $6.7B | ||
| Q2 24 | $121.6M | $7.9B | ||
| Q1 24 | $145.5M | $7.9B |
总债务DARRIVN
| 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 | $5.5B | ||
| Q1 24 | $4.4B | $4.4B |
股东权益DARRIVN
| Q4 25 | — | $4.6B | ||
| Q3 25 | $4.7B | $5.1B | ||
| Q2 25 | $4.6B | $6.1B | ||
| Q1 25 | $4.4B | $6.2B | ||
| Q4 24 | $4.4B | $6.6B | ||
| Q3 24 | $4.6B | $5.9B | ||
| Q2 24 | $4.5B | $6.8B | ||
| Q1 24 | $4.6B | $8.1B |
总资产DARRIVN
| Q4 25 | — | $14.9B | ||
| Q3 25 | $10.5B | $15.2B | ||
| Q2 25 | $10.3B | $15.6B | ||
| Q1 25 | $10.0B | $15.5B | ||
| Q4 24 | $10.1B | $15.4B | ||
| Q3 24 | $10.6B | $14.3B | ||
| Q2 24 | $10.6B | $15.4B | ||
| Q1 24 | $10.9B | $15.7B |
负债/权益比DARRIVN
| 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× | 0.81× | ||
| Q1 24 | 0.95× | 0.55× |
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 | $-681.0M |
| 自由现金流经营现金流 - 资本支出 | — | $-1.1B |
| 自由现金流率自由现金流/营收 | — | -89.0% |
| 资本支出强度资本支出/营收 | — | 36.0% |
| 现金转化率经营现金流/净利润 | 11.59× | — |
| 过去12个月自由现金流最近4个季度 | — | $-2.5B |
8季度趋势，按日历期对齐
经营现金流DARRIVN
| Q4 25 | — | $-681.0M | ||
| Q3 25 | $224.3M | $26.0M | ||
| Q2 25 | $145.8M | $64.0M | ||
| Q1 25 | $249.0M | $-188.0M | ||
| Q4 24 | $154.4M | $1.2B | ||
| Q3 24 | $274.5M | $-876.0M | ||
| Q2 24 | $146.5M | $-754.0M | ||
| Q1 24 | $263.9M | $-1.3B |
自由现金流DARRIVN
| Q4 25 | — | $-1.1B | ||
| Q3 25 | — | $-421.0M | ||
| Q2 25 | — | $-398.0M | ||
| Q1 25 | — | $-526.0M | ||
| Q4 24 | — | $856.0M | ||
| Q3 24 | — | $-1.2B | ||
| Q2 24 | — | $-1.0B | ||
| Q1 24 | — | $-1.5B |
自由现金流率DARRIVN
| Q4 25 | — | -89.0% | ||
| Q3 25 | — | -27.0% | ||
| Q2 25 | — | -30.5% | ||
| Q1 25 | — | -42.4% | ||
| Q4 24 | — | 49.4% | ||
| Q3 24 | — | -131.9% | ||
| Q2 24 | — | -89.6% | ||
| Q1 24 | — | -126.5% |
资本支出强度DARRIVN
| Q4 25 | — | 36.0% | ||
| Q3 25 | — | 28.7% | ||
| Q2 25 | — | 35.5% | ||
| Q1 25 | — | 27.3% | ||
| Q4 24 | — | 18.9% | ||
| Q3 24 | — | 31.7% | ||
| Q2 24 | — | 24.4% | ||
| Q1 24 | — | 21.1% |
现金转化率DARRIVN
| Q4 25 | — | — | ||
| Q3 25 | 11.59× | — | ||
| 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% |
RIVN
| Automotive Segment | $839.0M | 65% |
| Software And Services Segment | $447.0M | 35% |
| Regulatory Credits | $30.0M | 2% |
