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DARLING INGREDIENTS INC.（DAR）与Teledyne Technologies（TDY）财务数据对比。点击上方公司名可切换其他公司
Teledyne Technologies的季度营收约是DARLING INGREDIENTS INC.的1.0倍（$1.6B vs $1.6B），Teledyne Technologies净利率更高（17.1% vs 1.2%，领先15.9%），DARLING INGREDIENTS INC.同比增速更快（10.0% vs 7.3%），过去两年Teledyne Technologies的营收复合增速更高（9.3% 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。
Teledyne Technologies是美国大型工业集团企业，1960年由亨利·辛格尔顿与乔治·科兹梅茨基共同创立，最初成立时名为Teledyne Inc.，发展至今在全球工业技术领域拥有较高的行业知名度与市场影响力。
DAR vs TDY — 直观对比
营收规模更大
TDY
是对方的1.0倍
$1.6B
营收增速更快
DAR
高出2.7%
7.3%
净利率更高
TDY
高出15.9%
1.2%
两年增速更快
TDY
近两年复合增速
-1.6%
损益表 — Q3 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $1.6B | $1.6B |
| 净利润 | $19.4M | $275.6M |
| 毛利率 | 24.7% | 42.9% |
| 营业利润率 | 4.6% | 20.4% |
| 净利率 | 1.2% | 17.1% |
| 营收同比 | 10.0% | 7.3% |
| 净利润同比 | 14.2% | 38.8% |
| 每股收益（稀释后） | $0.12 | $5.81 |
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DARTDY
| Q4 25 | — | $1.6B | ||
| Q3 25 | $1.6B | $1.5B | ||
| Q2 25 | $1.5B | $1.5B | ||
| Q1 25 | $1.4B | $1.4B | ||
| Q4 24 | $1.4B | $1.5B | ||
| Q3 24 | $1.4B | $1.4B | ||
| Q2 24 | $1.5B | $1.4B | ||
| Q1 24 | $1.4B | $1.4B |
净利润DARTDY
| Q4 25 | — | $275.6M | ||
| Q3 25 | $19.4M | $220.7M | ||
| Q2 25 | $12.7M | $209.9M | ||
| Q1 25 | $-26.2M | $188.6M | ||
| Q4 24 | $101.9M | $198.5M | ||
| Q3 24 | $16.9M | $262.0M | ||
| Q2 24 | $78.9M | $180.2M | ||
| Q1 24 | $81.2M | $178.5M |
毛利率DARTDY
| Q4 25 | — | 42.9% | ||
| Q3 25 | 24.7% | 42.8% | ||
| Q2 25 | 23.3% | 42.6% | ||
| Q1 25 | 22.6% | 42.7% | ||
| Q4 24 | 23.5% | 42.8% | ||
| Q3 24 | 22.1% | 42.9% | ||
| Q2 24 | 22.5% | 43.1% | ||
| Q1 24 | 21.4% | 43.0% |
营业利润率DARTDY
| Q4 25 | — | 20.4% | ||
| Q3 25 | 4.6% | 18.4% | ||
| Q2 25 | 5.1% | 18.4% | ||
| Q1 25 | 2.1% | 17.9% | ||
| Q4 24 | 8.6% | 15.8% | ||
| Q3 24 | 4.2% | 18.8% | ||
| Q2 24 | 10.2% | 18.0% | ||
| Q1 24 | 9.7% | 17.4% |
净利率DARTDY
| Q4 25 | — | 17.1% | ||
| Q3 25 | 1.2% | 14.3% | ||
| Q2 25 | 0.9% | 13.9% | ||
| Q1 25 | -1.9% | 13.0% | ||
| Q4 24 | 7.2% | 13.2% | ||
| Q3 24 | 1.2% | 18.2% | ||
| Q2 24 | 5.4% | 13.1% | ||
| Q1 24 | 5.7% | 13.2% |
每股收益（稀释后）DARTDY
| Q4 25 | — | $5.81 | ||
| Q3 25 | $0.12 | $4.65 | ||
| Q2 25 | $0.08 | $4.43 | ||
| Q1 25 | $-0.16 | $3.99 | ||
| Q4 24 | $0.63 | $4.18 | ||
| Q3 24 | $0.11 | $5.54 | ||
| Q2 24 | $0.49 | $3.77 | ||
| Q1 24 | $0.50 | $3.72 |
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 | $352.4M |
| 总债务越低越好 | $4.0B | $2.5B |
| 股东权益账面价值 | $4.7B | $10.5B |
| 总资产 | $10.5B | $15.3B |
| 负债/权益比越低杠杆越低 | 0.86× | 0.24× |
8季度趋势，按日历期对齐
现金及短期投资DARTDY
| Q4 25 | — | $352.4M | ||
| Q3 25 | $91.5M | $528.6M | ||
| Q2 25 | $94.6M | $310.9M | ||
| Q1 25 | $81.5M | $461.5M | ||
| Q4 24 | $76.0M | $649.8M | ||
| Q3 24 | $114.8M | $561.0M | ||
| Q2 24 | $121.6M | $443.2M | ||
| Q1 24 | $145.5M | $912.4M |
总债务DARTDY
| Q4 25 | — | $2.5B | ||
| Q3 25 | $4.0B | $2.5B | ||
| Q2 25 | $3.9B | $2.6B | ||
| Q1 25 | $3.8B | $3.0B | ||
| Q4 24 | $3.9B | $2.6B | ||
| Q3 24 | $4.1B | $2.8B | ||
| Q2 24 | $4.3B | $2.8B | ||
| Q1 24 | $4.4B | $3.2B |
股东权益DARTDY
| Q4 25 | — | $10.5B | ||
| Q3 25 | $4.7B | $10.6B | ||
| Q2 25 | $4.6B | $10.4B | ||
| Q1 25 | $4.4B | $9.9B | ||
| Q4 24 | $4.4B | $9.5B | ||
| Q3 24 | $4.6B | $9.6B | ||
| Q2 24 | $4.5B | $9.3B | ||
| Q1 24 | $4.6B | $9.3B |
总资产DARTDY
| Q4 25 | — | $15.3B | ||
| Q3 25 | $10.5B | $15.4B | ||
| Q2 25 | $10.3B | $15.1B | ||
| Q1 25 | $10.0B | $15.0B | ||
| Q4 24 | $10.1B | $14.2B | ||
| Q3 24 | $10.6B | $14.5B | ||
| Q2 24 | $10.6B | $14.2B | ||
| Q1 24 | $10.9B | $14.6B |
负债/权益比DARTDY
| Q4 25 | — | 0.24× | ||
| Q3 25 | 0.86× | 0.24× | ||
| Q2 25 | 0.85× | 0.25× | ||
| Q1 25 | 0.86× | 0.30× | ||
| Q4 24 | 0.89× | 0.28× | ||
| Q3 24 | 0.91× | 0.29× | ||
| Q2 24 | 0.97× | 0.30× | ||
| Q1 24 | 0.95× | 0.35× |
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 | $379.0M |
| 自由现金流经营现金流 - 资本支出 | — | $339.2M |
| 自由现金流率自由现金流/营收 | — | 21.0% |
| 资本支出强度资本支出/营收 | — | 2.5% |
| 现金转化率经营现金流/净利润 | 11.59× | 1.38× |
| 过去12个月自由现金流最近4个季度 | — | $1.1B |
8季度趋势，按日历期对齐
经营现金流DARTDY
| Q4 25 | — | $379.0M | ||
| Q3 25 | $224.3M | $343.1M | ||
| Q2 25 | $145.8M | $226.6M | ||
| Q1 25 | $249.0M | $242.6M | ||
| Q4 24 | $154.4M | $332.4M | ||
| Q3 24 | $274.5M | $249.8M | ||
| Q2 24 | $146.5M | $318.7M | ||
| Q1 24 | $263.9M | $291.0M |
自由现金流DARTDY
| Q4 25 | — | $339.2M | ||
| Q3 25 | — | $313.9M | ||
| Q2 25 | — | $196.3M | ||
| Q1 25 | — | $224.6M | ||
| Q4 24 | — | $303.4M | ||
| Q3 24 | — | $228.7M | ||
| Q2 24 | — | $301.0M | ||
| Q1 24 | — | $275.1M |
自由现金流率DARTDY
| Q4 25 | — | 21.0% | ||
| Q3 25 | — | 20.4% | ||
| Q2 25 | — | 13.0% | ||
| Q1 25 | — | 15.5% | ||
| Q4 24 | — | 20.2% | ||
| Q3 24 | — | 15.8% | ||
| Q2 24 | — | 21.9% | ||
| Q1 24 | — | 20.4% |
资本支出强度DARTDY
| Q4 25 | — | 2.5% | ||
| Q3 25 | — | 1.9% | ||
| Q2 25 | — | 2.0% | ||
| Q1 25 | — | 1.2% | ||
| Q4 24 | — | 1.9% | ||
| Q3 24 | — | 1.5% | ||
| Q2 24 | — | 1.3% | ||
| Q1 24 | — | 1.2% |
现金转化率DARTDY
| Q4 25 | — | 1.38× | ||
| Q3 25 | 11.59× | 1.55× | ||
| Q2 25 | 11.52× | 1.08× | ||
| Q1 25 | — | 1.29× | ||
| Q4 24 | 1.52× | 1.67× | ||
| Q3 24 | 16.19× | 0.95× | ||
| Q2 24 | 1.86× | 1.77× | ||
| Q1 24 | 3.25× | 1.63× |
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% |
TDY
| Commercial And Other | $681.5M | 42% |
| Aerospace And Defense Electronics | $275.9M | 17% |
| Marine Instrumentation | $177.1M | 11% |
| United States Government | $169.0M | 10% |
| Environmental Instrumentation | $120.7M | 7% |
| Engineered Systems | $103.3M | 6% |
| Test And Measurement Instrumentation | $84.8M | 5% |
