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DARLING INGREDIENTS INC.（DAR）与TWILIO INC（TWLO）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TWILIO INC的1.1倍（$1.6B vs $1.4B），DARLING INGREDIENTS INC.净利率更高（1.2% vs -3.4%，领先4.6%），TWILIO INC同比增速更快（14.3% vs 10.0%），过去两年TWILIO INC的营收复合增速更高（14.2% 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。
Twilio是总部位于美国加利福尼亚州旧金山的云通信企业，提供可编程通信工具，用户可通过其网页服务API实现拨打接听电话、收发短信等多种通信功能，方便企业灵活搭建适配自身需求的通信解决方案，降低相关技术的自研投入。
DAR vs TWLO — 直观对比
营收规模更大
DAR
是对方的1.1倍
$1.4B
营收增速更快
TWLO
高出4.3%
10.0%
净利率更高
DAR
高出4.6%
-3.4%
两年增速更快
TWLO
近两年复合增速
-1.6%
损益表 — Q3 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $1.6B | $1.4B |
| 净利润 | $19.4M | $-45.9M |
| 毛利率 | 24.7% | 48.5% |
| 营业利润率 | 4.6% | 4.2% |
| 净利率 | 1.2% | -3.4% |
| 营收同比 | 10.0% | 14.3% |
| 净利润同比 | 14.2% | -267.7% |
| 每股收益（稀释后） | $0.12 | $-0.28 |
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DARTWLO
| Q4 25 | — | $1.4B | ||
| Q3 25 | $1.6B | $1.3B | ||
| Q2 25 | $1.5B | $1.2B | ||
| Q1 25 | $1.4B | $1.2B | ||
| Q4 24 | $1.4B | $1.2B | ||
| Q3 24 | $1.4B | $1.1B | ||
| Q2 24 | $1.5B | $1.1B | ||
| Q1 24 | $1.4B | $1.0B |
净利润DARTWLO
| Q4 25 | — | $-45.9M | ||
| Q3 25 | $19.4M | $37.2M | ||
| Q2 25 | $12.7M | $22.4M | ||
| Q1 25 | $-26.2M | $20.0M | ||
| Q4 24 | $101.9M | $-12.5M | ||
| Q3 24 | $16.9M | $-9.7M | ||
| Q2 24 | $78.9M | $-31.9M | ||
| Q1 24 | $81.2M | $-55.3M |
毛利率DARTWLO
| Q4 25 | — | 48.5% | ||
| Q3 25 | 24.7% | 48.6% | ||
| Q2 25 | 23.3% | 49.1% | ||
| Q1 25 | 22.6% | 49.6% | ||
| Q4 24 | 23.5% | 50.2% | ||
| Q3 24 | 22.1% | 51.0% | ||
| Q2 24 | 22.5% | 51.3% | ||
| Q1 24 | 21.4% | 52.0% |
营业利润率DARTWLO
| Q4 25 | — | 4.2% | ||
| Q3 25 | 4.6% | 3.1% | ||
| Q2 25 | 5.1% | 3.0% | ||
| Q1 25 | 2.1% | 2.0% | ||
| Q4 24 | 8.6% | 1.1% | ||
| Q3 24 | 4.2% | -0.4% | ||
| Q2 24 | 10.2% | -1.8% | ||
| Q1 24 | 9.7% | -4.2% |
净利率DARTWLO
| Q4 25 | — | -3.4% | ||
| Q3 25 | 1.2% | 2.9% | ||
| Q2 25 | 0.9% | 1.8% | ||
| Q1 25 | -1.9% | 1.7% | ||
| Q4 24 | 7.2% | -1.0% | ||
| Q3 24 | 1.2% | -0.9% | ||
| Q2 24 | 5.4% | -2.9% | ||
| Q1 24 | 5.7% | -5.3% |
每股收益（稀释后）DARTWLO
| Q4 25 | — | $-0.28 | ||
| Q3 25 | $0.12 | $0.23 | ||
| Q2 25 | $0.08 | $0.14 | ||
| Q1 25 | $-0.16 | $0.12 | ||
| Q4 24 | $0.63 | $-0.10 | ||
| Q3 24 | $0.11 | $-0.06 | ||
| Q2 24 | $0.49 | $-0.19 | ||
| Q1 24 | $0.50 | $-0.31 |
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 | $682.3M |
| 总债务越低越好 | $4.0B | $992.3M |
| 股东权益账面价值 | $4.7B | $7.8B |
| 总资产 | $10.5B | $9.8B |
| 负债/权益比越低杠杆越低 | 0.86× | 0.13× |
8季度趋势，按日历期对齐
现金及短期投资DARTWLO
| Q4 25 | — | $682.3M | ||
| Q3 25 | $91.5M | $734.8M | ||
| Q2 25 | $94.6M | $969.2M | ||
| Q1 25 | $81.5M | $467.1M | ||
| Q4 24 | $76.0M | $421.3M | ||
| Q3 24 | $114.8M | $584.0M | ||
| Q2 24 | $121.6M | $755.1M | ||
| Q1 24 | $145.5M | $672.6M |
总债务DARTWLO
| Q4 25 | — | $992.3M | ||
| Q3 25 | $4.0B | $991.9M | ||
| Q2 25 | $3.9B | $991.4M | ||
| Q1 25 | $3.8B | $991.0M | ||
| Q4 24 | $3.9B | $990.6M | ||
| Q3 24 | $4.1B | $990.2M | ||
| Q2 24 | $4.3B | $989.8M | ||
| Q1 24 | $4.4B | $989.4M |
股东权益DARTWLO
| Q4 25 | — | $7.8B | ||
| Q3 25 | $4.7B | $7.9B | ||
| Q2 25 | $4.6B | $8.0B | ||
| Q1 25 | $4.4B | $8.0B | ||
| Q4 24 | $4.4B | $8.0B | ||
| Q3 24 | $4.6B | $8.2B | ||
| Q2 24 | $4.5B | $8.7B | ||
| Q1 24 | $4.6B | $9.4B |
总资产DARTWLO
| Q4 25 | — | $9.8B | ||
| Q3 25 | $10.5B | $9.7B | ||
| Q2 25 | $10.3B | $9.8B | ||
| Q1 25 | $10.0B | $9.8B | ||
| Q4 24 | $10.1B | $9.9B | ||
| Q3 24 | $10.6B | $10.0B | ||
| Q2 24 | $10.6B | $10.5B | ||
| Q1 24 | $10.9B | $11.3B |
负债/权益比DARTWLO
| Q4 25 | — | 0.13× | ||
| Q3 25 | 0.86× | 0.13× | ||
| Q2 25 | 0.85× | 0.12× | ||
| Q1 25 | 0.86× | 0.12× | ||
| Q4 24 | 0.89× | 0.12× | ||
| Q3 24 | 0.91× | 0.12× | ||
| Q2 24 | 0.97× | 0.11× | ||
| Q1 24 | 0.95× | 0.10× |
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 | $271.6M |
| 自由现金流经营现金流 - 资本支出 | — | — |
| 自由现金流率自由现金流/营收 | — | — |
| 资本支出强度资本支出/营收 | — | — |
| 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 | — | — |
8季度趋势，按日历期对齐
经营现金流DARTWLO
| Q4 25 | — | $271.6M | ||
| Q3 25 | $224.3M | $263.6M | ||
| Q2 25 | $145.8M | $277.1M | ||
| Q1 25 | $249.0M | $191.0M | ||
| Q4 24 | $154.4M | $108.4M | ||
| Q3 24 | $274.5M | $204.3M | ||
| Q2 24 | $146.5M | $213.3M | ||
| Q1 24 | $263.9M | $190.1M |
现金转化率DARTWLO
| Q4 25 | — | — | ||
| Q3 25 | 11.59× | 7.08× | ||
| Q2 25 | 11.52× | 12.36× | ||
| Q1 25 | — | 9.54× | ||
| 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% |
TWLO
| US | $879.8M | 64% |
| Non Us | $486.1M | 36% |
