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DARLING INGREDIENTS INC.（DAR）与Ventas（VTR）财务数据对比。点击上方公司名可切换其他公司
Ventas的季度营收约是DARLING INGREDIENTS INC.的1.1倍（$1.7B vs $1.6B），Ventas净利率更高（3.6% vs 1.2%，领先2.3%），Ventas同比增速更快（22.0% vs 10.0%），过去两年Ventas的营收复合增速更高（17.5% 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。
Ventas是一家领先的医疗地产投资信托企业，旗下资产涵盖养老社区、医疗办公楼、生命科学研究设施及康复医疗中心等，主要在北美、英国地区运营，为医疗服务及生命科学机构提供专业物业解决方案。
DAR vs VTR — 直观对比
营收规模更大
VTR
是对方的1.1倍
$1.6B
营收增速更快
VTR
高出12.0%
10.0%
净利率更高
VTR
高出2.3%
1.2%
两年增速更快
VTR
近两年复合增速
-1.6%
损益表 — Q3 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $1.6B | $1.7B |
| 净利润 | $19.4M | $59.0M |
| 毛利率 | 24.7% | — |
| 营业利润率 | 4.6% | — |
| 净利率 | 1.2% | 3.6% |
| 营收同比 | 10.0% | 22.0% |
| 净利润同比 | 14.2% | 19.0% |
| 每股收益（稀释后） | $0.12 | — |
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DARVTR
| Q1 26 | — | $1.7B | ||
| Q4 25 | — | $1.6B | ||
| Q3 25 | $1.6B | $1.5B | ||
| Q2 25 | $1.5B | $1.4B | ||
| Q1 25 | $1.4B | $1.4B | ||
| Q4 24 | $1.4B | $1.3B | ||
| Q3 24 | $1.4B | $1.2B | ||
| Q2 24 | $1.5B | $1.2B |
净利润DARVTR
| Q1 26 | — | $59.0M | ||
| Q4 25 | — | $73.0M | ||
| Q3 25 | $19.4M | $68.7M | ||
| Q2 25 | $12.7M | $71.5M | ||
| Q1 25 | $-26.2M | $48.4M | ||
| Q4 24 | $101.9M | $58.7M | ||
| Q3 24 | $16.9M | $21.0M | ||
| Q2 24 | $78.9M | $21.2M |
毛利率DARVTR
| 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DARVTR
| Q1 26 | — | — | ||
| Q4 25 | — | 4.9% | ||
| Q3 25 | 4.6% | 3.0% | ||
| Q2 25 | 5.1% | 3.0% | ||
| Q1 25 | 2.1% | 3.0% | ||
| Q4 24 | 8.6% | -0.0% | ||
| Q3 24 | 4.2% | 1.5% | ||
| Q2 24 | 10.2% | -1.6% |
净利率DARVTR
| Q1 26 | — | 3.6% | ||
| Q4 25 | — | 4.7% | ||
| Q3 25 | 1.2% | 4.6% | ||
| Q2 25 | 0.9% | 5.0% | ||
| Q1 25 | -1.9% | 3.6% | ||
| Q4 24 | 7.2% | 4.6% | ||
| Q3 24 | 1.2% | 1.7% | ||
| Q2 24 | 5.4% | 1.8% |
每股收益（稀释后）DARVTR
| Q1 26 | — | — | ||
| Q4 25 | — | $0.15 | ||
| Q3 25 | $0.12 | $0.14 | ||
| Q2 25 | $0.08 | $0.15 | ||
| Q1 25 | $-0.16 | $0.10 | ||
| Q4 24 | $0.63 | $0.13 | ||
| Q3 24 | $0.11 | $0.05 | ||
| Q2 24 | $0.49 | $0.05 |
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 | $183.6M |
| 总债务越低越好 | $4.0B | — |
| 股东权益账面价值 | $4.7B | $13.2B |
| 总资产 | $10.5B | $27.7B |
| 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DARVTR
| Q1 26 | — | $183.6M | ||
| Q4 25 | — | $741.1M | ||
| Q3 25 | $91.5M | $188.6M | ||
| Q2 25 | $94.6M | $614.2M | ||
| Q1 25 | $81.5M | $182.3M | ||
| Q4 24 | $76.0M | $897.9M | ||
| Q3 24 | $114.8M | $1.1B | ||
| Q2 24 | $121.6M | $557.1M |
总债务DARVTR
| Q1 26 | — | — | ||
| Q4 25 | — | $13.0B | ||
| Q3 25 | $4.0B | — | ||
| Q2 25 | $3.9B | — | ||
| Q1 25 | $3.8B | — | ||
| Q4 24 | $3.9B | $13.5B | ||
| Q3 24 | $4.1B | — | ||
| Q2 24 | $4.3B | — |
股东权益DARVTR
| Q1 26 | — | $13.2B | ||
| Q4 25 | — | $12.5B | ||
| Q3 25 | $4.7B | $12.4B | ||
| Q2 25 | $4.6B | $11.5B | ||
| Q1 25 | $4.4B | $11.5B | ||
| Q4 24 | $4.4B | $10.8B | ||
| Q3 24 | $4.6B | $9.8B | ||
| Q2 24 | $4.5B | $9.6B |
总资产DARVTR
| Q1 26 | — | $27.7B | ||
| Q4 25 | — | $27.6B | ||
| Q3 25 | $10.5B | $26.9B | ||
| Q2 25 | $10.3B | $26.5B | ||
| Q1 25 | $10.0B | $26.0B | ||
| Q4 24 | $10.1B | $26.2B | ||
| Q3 24 | $10.6B | $25.3B | ||
| Q2 24 | $10.6B | $24.5B |
负债/权益比DARVTR
| Q1 26 | — | — | ||
| Q4 25 | — | 1.04× | ||
| Q3 25 | 0.86× | — | ||
| Q2 25 | 0.85× | — | ||
| Q1 25 | 0.86× | — | ||
| Q4 24 | 0.89× | 1.26× | ||
| Q3 24 | 0.91× | — | ||
| Q2 24 | 0.97× | — |
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 | — |
| 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DARVTR
| Q1 26 | — | — | ||
| Q4 25 | — | $471.7M | ||
| Q3 25 | $224.3M | $378.6M | ||
| Q2 25 | $145.8M | $475.3M | ||
| Q1 25 | $249.0M | $321.1M | ||
| Q4 24 | $154.4M | $373.6M | ||
| Q3 24 | $274.5M | $353.7M | ||
| Q2 24 | $146.5M | $335.9M |
现金转化率DARVTR
| Q1 26 | — | — | ||
| Q4 25 | — | 6.46× | ||
| Q3 25 | 11.59× | 5.51× | ||
| Q2 25 | 11.52× | 6.65× | ||
| Q1 25 | — | 6.64× | ||
| Q4 24 | 1.52× | 6.36× | ||
| Q3 24 | 16.19× | 16.84× | ||
| Q2 24 | 1.86× | 15.87× |
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% |
VTR
| Resident fees and services | $1.3B | 78% |
| Outpatient medical and research portfolio | $230.1M | 14% |
| Triple-net leased properties | $123.1M | 7% |
| Third-party capital management revenues | $4.4M | 0% |
