DAR Darling Ingredients Inc. Common Stock

NYSE · Food Products

$64.20

Price · May 1, 2026

Fundamentals as of Mar 3, 2026

DAR Stock Snapshot Price, market cap, P/E, EPS, ROE, debt/equity, 52-week range

Price

$64.20

Market Cap

$5.95B

P/E (TTM)

96.5

EPS (TTM)

$0.39

Revenue (TTM)

$6.14B

Div Yield

—

ROE

1.4%

Debt/Equity

—

52W Range

$29 – $65

DAR Stock Price Chart Daily OHLCV with technical indicators — pan, zoom, and customize your view

10-Year Performance Revenue, net income, margins and EPS trends

Revenue & Net Income $6.14B

2016-12-31 → 2026-01-03

EPS $0.39

2016-12-31 → 2026-01-03

Free Cash Flow $679M

2016-12-31 → 2026-01-03

Margins 1.0%

2024-12-28 → 2026-01-03

Valuation P/E, P/S, P/B, EV/EBITDA ratios — is the stock expensive or cheap?

Metric

5Y trend

DAR

Peer Median

P/E (TTM)

96.5

29.2

P/S (TTM)

1.0

0.8

P/B

1.3

1.2

Price / FCF

8.8

—

Profitability Gross, operating and net margins; ROE, ROA, ROIC

Metric

5Y trend

DAR

Peer Median

Gross Margin

24.0%

6.6%

Operating Margin

4.5%

—

Net Profit Margin

1.0%

1.1%

ROA

0.62%

1.3%

ROE

1.4%

3.1%

ROIC

6.7%

—

Financial Health Debt, liquidity, solvency — balance sheet strength

Metric

5Y trend

DAR

Peer Median

Current Ratio

1.5

1.6

Quick Ratio

0.1

—

Growth Revenue, EPS and net income growth: YoY, 3Y CAGR, 5Y CAGR

Metric

5Y trend

DAR

Peer Median

Revenue YoY

7.4%

—

Revenue CAGR 3Y

-2.1%

—

Revenue CAGR 5Y

11.4%

—

EPS YoY

-77.5%

—

Net Income YoY

-77.5%

—

Per Share Metrics EPS, book value per share, cash flow per share, dividend per share

Metric

5Y trend

DAR

Peer Median

EPS (Diluted)

$0.39

—

Capital Efficiency Asset turnover, inventory turnover, receivables turnover

Metric

5Y trend

DAR

Peer Median

DAR Analyst Consensus Bullish and bearish analyst opinions, 12-month price target, upside

BUY 19 analysts

Strong Buy 8 42.1%
Buy 10 52.6%
Hold 1 5.3%
Sell 0 0.0%
Strong Sell 0 0.0%

12-Month Price Target

12 analysts · 2026-04-27

Median $70.00

Now $64.20

Low $58.00

High $78.00

Median target $70.00 +9.0%

Mean target $70.17 +9.3%

Earnings History EPS actual vs estimate, surprise %, beat rate, next earnings date

Avg Surprise

-0.11%

Next Report

May 12, 2026

Period	EPS Actual	EPS Est	Surprise
March 31, 2026	$0.83	$0.56	0.27%
Dec. 31, 2025	$0.35	$0.40	-0.05%
Sept. 30, 2025	$0.12	$0.19	-0.07%
June 30, 2025	$0.10	$0.29	-0.19%
March 31, 2025	$-0.16	$0.32	-0.48%

Peer Comparison Key metrics vs sector peers

Ticker	Market Cap	P/E	Rev YoY	Net Margin	ROE	Gross Margin
DAR	$5.95B	96.5	7.4%	1.0%	1.4%	24.0%
ADM	$27.60B	25.8	-6.2%	1.3%	4.8%	6.3%
BG	—	29.7	32.4%	—	—	—
BG	—	29.7	32.4%	—	—	—
INGR	$6.94B	9.9	-2.8%	10.1%	18.1%	25.3%
CHSCP	—	—	—	—	—	—
ALCO	$265M	-1.8	-5.5%	-334.4%	-83.2%	-436.2%
LMNR	$255M	-15.2	-16.6%	-10.0%	-8.8%	—
LOCL	$48M	-0.4	26.8%	-195.1%	63.1%	12.1%

Full Fundamentals All metrics by year — income statement, balance sheet, cash flow

Income Statement 17

Annual Income Statement data for DAR
Metric	2026	2024	2023	2022	2022	2021	2019	2018	2017	2016	2016	2015
Revenue	$6.14B	$5.72B	$6.79B	$6.53B	$4.74B	$3.57B	$3.36B	$3.39B	$3.66B	$3.39B	$3.39B	$3.96B
Cost of Revenue	$4.66B	$4.44B	$5.14B	$5.00B	$3.50B	$2.69B	$2.59B	$2.65B	$2.88B	$2.64B	$2.65B	$3.12B
Gross Profit	$1.47B	$1.28B	$1.65B	$1.53B	·	·	·	·	·	·	·	·
SG&A Expense	$551M	$492M	$543M	$437M	$392M	$378M	$359M	$309M	$344M	$312M	$316M	$375M
Operating Expenses	$5.81B	$5.40B	$6.20B	$5.88B	$4.21B	$3.46B	$3.25B	$3.29B	$3.52B	$3.24B	$3.25B	$3.79B
Operating Income	$273M	$468M	$950M	$1.03B	$884M	$431M	$476M	$255M	$169M	$155M	$143M	$165M
Interest Expense	·	·	$259M	$126M	$62M	$73M	$79M	$86M	$89M	$94M	$106M	$135M
Interest Income	·	$16M	$16M	$5M	·	·	·	·	·	·	·	·
Other Non-op	$468.0K	$22M	$16M	$-4M	$-5M	$-6M	$-7M	$-8M	$-9M	$-7M	$-7M	$299.0K
Pretax Income	$61M	$248M	$720M	$894M	$821M	$354M	$380M	$118M	$64M	$123M	$99M	$81M
Income Tax	$-9M	$-38M	$60M	$147M	$164M	$53M	$59M	$12M	$-69M	$15M	$14M	$13M
Net Income	$63M	$279M	$648M	$738M	$651M	$297M	$313M	$101M	$128M	$102M	$79M	$64M
EPS (Basic)	$0.40	$1.75	$4.05	$4.58	$4.01	$1.83	$1.90	$0.62	$0.78	$0.62	$0.48	$0.39
EPS (Diluted)	$0.39	$1.73	$3.99	$4.49	$3.90	$1.78	$1.86	$0.60	$0.77	$0.62	$0.48	$0.39
Shares (Basic)	158,479,000	159,513,000	159,861,000	161,000,000	162,454,000	162,572,000	164,633,000	164,789,000	164,752,000	164,600,000	165,031,000	164,627,000
Shares (Diluted)	160,157,000	161,418,000	162,387,000	164,121,000	167,096,000	167,208,000	168,378,000	167,910,000	166,730,000	165,212,000	165,119,000	165,059,000
EBITDA	$273M	$468M	$950M	$1.03B	$884M	$431M	$476M	$95M	$137M	$152M	$143M	$165M

Balance Sheet 29

Annual Balance Sheet data for DAR
Metric	2026	2024	2023	2022	2022	2021	2019	2018	2017	2016	2016	2015
Cash & Equivalents	$89M	$76M	$127M	$127M	$69M	$82M	$73M	$107M	$107M	$115M	$157M	$109M
Receivables	·	·	·	$677M	$469M	$405M	$406M	$386M	$392M	$388M	$371M	$410M
Inventory	$528M	$577M	$759M	$674M	$457M	$406M	$363M	$341M	$358M	$331M	$345M	$402M
Prepaid Expense	$85M	$81M	$106M	$86M	$54M	$48M	$47M	$35M	$38M	$30M	$36M	$45M
Other Current Assets	$40M	$42M	$43M	$56M	$39M	$42M	$25M	$22M	$57M	$22M	$10M	$21M
Current Assets	$1.55B	$1.44B	$1.86B	$1.64B	$1.09B	$987M	$917M	$898M	$956M	$893M	$932M	$1.01B
PP&E (Net)	$2.80B	$2.71B	$2.94B	$2.46B	$1.84B	$1.86B	$1.80B	$1.69B	$1.65B	$1.52B	$1.51B	$1.57B
PP&E (Gross)	$5.79B	$5.29B	$5.30B	$4.52B	$3.70B	$3.57B	$3.24B	$2.93B	$2.72B	$2.36B	$2.16B	$2.10B
Accum. Depreciation	$2.99B	$2.58B	$2.36B	$2.05B	$1.86B	$1.70B	$1.44B	$1.25B	$1.08B	$842M	$653M	$526M
Goodwill	$2.46B	$2.32B	$2.48B	$1.97B	$1.22B	$1.26B	$1.22B	$1.23B	$1.30B	$1.23B	$1.23B	$1.32B
Intangibles	$845M	$898M	$1.08B	$865M	$398M	$474M	$526M	$596M	$676M	$712M	$782M	$932M
Other Non-current Assets	$190M	$200M	$235M	$136M	$67M	$61M	$47M	$53M	$62M	$44M	$42M	$71M
Total Assets	$10.30B	$10.07B	$11.06B	$9.20B	$6.13B	$5.61B	$5.35B	$4.89B	$4.96B	$4.70B	$4.76B	$5.13B
Accrued Liabilities	$485M	$489M	$441M	$432M	$351M	$335M	$311M	$309M	$314M	$243M	$240M	$256M
Current Liabilities	$1.03B	$1.04B	$998M	$1.07B	$753M	$675M	$688M	$540M	$559M	$452M	$442M	$483M
Capital Leases	$162M	$152M	$155M	$142M	$120M	$110M	$91M	$0	$100.0K	$200.0K	$700.0K	$5M
Deferred Tax	$241M	$293M	$498M	$482M	$363M	$276M	$248M	$231M	$267M	$346M	$361M	$379M
Other Non-current Liabilities	$189M	$208M	$350M	$299M	$111M	$117M	$116M	$115M	$106M	$96M	$98M	$115M
Total Liabilities	$5.49B	$5.61B	$6.37B	$5.31B	$2.79B	$2.66B	$2.70B	$2.55B	$2.63B	$2.62B	$2.79B	$3.08B
Long-term Debt	·	·	·	·	·	·	·	·	·	·	$1.93B	$2.15B
Total Debt	·	·	·	·	·	·	·	·	·	·	$1.96B	$2.15B
Common Stock	$2M	$2M	$2M	$2M	$2M	$2M	$2M	$2M	$2M	$2M	$2M	$2M
Paid-in Capital	$1.72B	$1.72B	$1.70B	$1.66B	$1.63B	$1.60B	$1.56B	$1.54B	$1.52B	$1.50B	$1.49B	$1.48B
Retained Earnings	$4.07B	$4.01B	$3.73B	$3.09B	$2.35B	$1.70B	$1.40B	$1.09B	$981M	$853M	$750M	$672M
Treasury Stock	$719M	$673M	$629M	$554M	$375M	$152M	$75M	$48M	$44M	$41M	$34M	$23M
AOCI	$-339M	$-684M	$-198M	$-384M	$-322M	$-252M	$-322M	$-305M	$-210M	$-340M	$-336M	$-177M
Stockholders' Equity	$4.74B	$4.38B	$4.61B	$3.81B	$3.28B	$2.89B	$2.57B	$2.27B	$2.24B	$1.97B	$1.87B	$1.95B
Liabilities + Equity	$10.30B	$10.07B	$11.06B	$9.20B	$6.13B	$5.61B	$5.35B	$4.89B	$4.96B	$4.70B	$4.76B	$5.13B
Shares Outstanding	158,193,345	158,897,470	159,533,789	159,969,596	160,792,004	162,200,389	163,775,111	164,660,598	164,653,437	164,612,558	164,735,376	164,712,663

Cash Flow 17

Annual Cash Flow data for DAR
Metric	2026	2024	2023	2022	2022	2021	2019	2018	2017	2016	2016	2015
D&A	$509M	$504M	$502M	$395M	$316M	$350M	$326M	$321M	$302M	$290M	$270M	$270M
Stock-based Comp	$22M	$21M	$33M	$25M	$22M	$23M	$21M	$19M	$18M	$10M	$9M	$21M
Deferred Tax	$-103M	$-122M	$-48M	$39M	$95M	$15M	$22M	$-16M	$-101M	$-12M	$5M	$-12M
Amort. of Intangibles	$105M	$112M	$125M	$89M	$67M	$74M	$74M	$75M	$78M	$78M	$83M	$84M
Operating Cash Flow	$1.06B	$839M	$899M	$814M	$704M	$625M	$363M	$399M	$410M	$391M	$421M	$275M
CapEx	$380M	$332M	$555M	$391M	$274M	$280M	$359M	$322M	$274M	$244M	$230M	$229M
Investing Cash Flow	$-681M	$-499M	$-1.68B	$-2.42B	$-490M	$-311M	$-338M	$-342M	$-284M	$-243M	$-230M	$-2.32B
Debt Issued	$1.10B	$6M	$817M	$1.93B	$44M	$35M	$518M	$625M	$33M	$36M	$591M	$1.84B
Net Debt Issued	$-509M	$-46M	$498M	$1.87B	$-98M	$-198M	$-64M	$-62M	$-116M	$-168M	$-19M	$1.51B
Stock Issued	$413.0K	$447.0K	$0	$0	$50.0K	$67.0K	$39.0K	$182.0K	$22.0K	$188.0K	$171.0K	$416.0K
Stock Repurchased	$35M	$34M	$53M	$126M	$168M	$55M	$19M	$0	$0	$5M	$6M	$0
Net Stock Activity	$-34M	$-34M	$-53M	$-126M	$-168M	$-55M	$-19M	$182.0K	$22.0K	$-5M	$-6M	$416.0K
Financing Cash Flow	$-377M	$-400M	$876M	$1.68B	$-221M	$-307M	$-55M	$-48M	$-155M	$-184M	$-140M	$1.28B
Net Change in Cash	$-14M	$-47M	$114M	$81M	$-13M	$9M	$-34M	$453.0K	$-8M	$-42M	$48M	$-762M
Taxes Paid	$58M	$103M	$153M	$113M	$46M	$37M	$30M	$33M	$26M	$23M	$-3M	$28M
Free Cash Flow	$679M	$507M	$344M	$422M	$430M	$345M	$3M	$77M	$136M	$148M	$192M	$46M
Levered FCF	·	·	$106M	$317M	$381M	$283M	$-63M	$-896.0K	$-48M	$65M	$100M	$-67M

Profitability 8

Annual Profitability data for DAR
Metric	2026	2024	2023	2022	2022	2021	2019	2018	2017	2016	2016	2015
Gross Margin	24.0%	22.4%	·	·	·	·	·	·	·	·	·	·
Operating Margin	4.5%	8.2%	14.0%	15.8%	18.6%	12.1%	14.1%	2.8%	3.7%	4.5%	4.2%	4.2%
Net Margin	1.0%	4.9%	9.5%	11.3%	13.7%	8.3%	9.3%	3.0%	3.5%	3.0%	2.3%	1.6%
Pretax Margin	0.99%	4.3%	10.6%	13.7%	17.3%	9.9%	11.3%	3.5%	1.8%	3.6%	2.9%	2.1%
EBITDA Margin	4.5%	8.2%	14.0%	15.8%	18.6%	12.1%	14.1%	2.8%	3.7%	4.5%	4.2%	4.2%
ROA	0.62%	2.6%	6.4%	9.6%	11.1%	5.4%	6.1%	2.1%	2.7%	2.2%	1.6%	1.5%
ROE	1.4%	6.2%	15.4%	20.8%	21.1%	10.9%	12.9%	4.5%	6.1%	5.3%	4.1%	3.2%
ROIC	6.7%	12.3%	18.9%	22.6%	21.6%	12.7%	15.7%	3.8%	12.7%	6.7%	3.2%	3.4%

Liquidity & Solvency 5

Annual Liquidity & Solvency data for DAR
Metric	2026	2024	2023	2022	2022	2021	2019	2018	2017	2016	2016	2015
Current Ratio	1.5	1.4	1.9	1.5	1.4	1.5	1.3	1.7	1.7	2.0	2.1	2.2
Quick Ratio	0.1	0.1	0.1	0.8	0.7	0.7	0.7	0.9	0.9	1.1	1.2	1.1
Debt / Equity	·	·	·	·	·	·	·	·	·	·	1.0	1.1
LT Debt / Equity	·	·	·	·	·	·	·	·	·	·	1.0	1.1
Interest Coverage	·	·	3.7	8.2	14.2	5.9	6.0	1.1	1.5	1.6	1.4	1.2

Efficiency 3

Annual Efficiency data for DAR
Metric	2026	2024	2023	2022	2022	2021	2019	2018	2017	2016	2016	2015
Asset Turnover	0.6	0.5	0.7	0.9	0.8	0.7	0.7	0.7	0.8	0.7	0.7	0.9
Inventory Turnover	8.4	6.6	7.2	8.8	8.1	7.0	7.4	7.6	8.3	7.8	7.1	13.4
Receivables Turnover	·	·	·	11.4	10.8	8.8	8.5	8.7	9.4	8.9	8.7	15.1

Per Share 5

Annual Per Share data for DAR
Metric	2026	2024	2023	2022	2022	2021	2019	2018	2017	2016	2016	2015
Book Value / Share	$29.94	$27.55	$28.87	$23.81	$20.41	$17.83	$15.67	$13.80	$13.63	$11.99	$11.36	$11.86
Revenue / Share	$38.31	$35.41	$41.80	$39.80	$28.38	$21.36	$19.98	$20.18	$21.97	$20.57	$20.58	$23.97
Cash Flow / Share	$6.62	$5.20	$5.54	$4.96	$4.22	$3.74	$2.15	$2.37	$2.46	$2.37	$2.55	$1.67
Cash / Share	$0.56	$0.48	$0.79	$0.79	$0.43	$0.50	$0.45	$0.65	$0.65	$0.70	$0.95	$0.66
EPS (TTM)	$0.39	$1.73	$3.99	$4.49	$3.90	$1.78	$1.86	$0.60	$0.77	$0.62	$0.48	$0.39

Growth Rates 9

Annual Growth Rates data for DAR
Metric	2026	2024	2023	2022	2022	2021	2019	2018	2017	2016	2016	2015
Revenue YoY	7.4%	-15.8%	3.9%	37.8%	32.7%	·	·	·	·	·	·	·
Revenue CAGR 3Y	-2.1%	6.4%	23.9%	·	·	·	·	·	·	·	·	·
Revenue CAGR 5Y	11.4%	·	·	·	·	·	·	·	·	·	·	·
EPS YoY	-77.5%	-56.6%	-11.1%	15.1%	119.1%	·	·	·	·	·	·	·
EPS CAGR 3Y	-55.7%	-23.7%	30.9%	·	·	·	·	·	·	·	·	·
EPS CAGR 5Y	-26.2%	·	·	·	·	·	·	·	·	·	·	·
Net Income YoY	-77.5%	-56.9%	-12.2%	13.3%	119.3%	·	·	·	·	·	·	·
Net Income CAGR 3Y	-56.0%	-24.6%	29.7%	·	·	·	·	·	·	·	·	·
Net Income CAGR 5Y	-26.7%	·	·	·	·	·	·	·	·	·	·	·

Valuation (TTM) 14

Annual Valuation (TTM) data for DAR
Metric	2026	2024	2023	2022	2022	2021	2019	2018	2017	2016	2016	2015
Revenue TTM	$6.14B	$5.72B	$6.79B	$6.53B	$4.74B	$3.57B	$3.36B	$3.39B	$3.66B	$3.39B	$3.39B	$3.96B
Net Income TTM	$63M	$279M	$648M	$738M	$651M	$297M	$313M	$101M	$128M	$102M	$79M	$64M
Market Cap	$5.95B	$5.32B	$7.95B	$10.01B	$11.14B	$9.36B	$4.59B	$3.14B	$2.99B	$2.13B	$1.73B	$2.99B
Enterprise Value	·	·	·	·	·	·	·	·	·	·	$3.54B	$5.03B
P/E	96.5	19.3	12.5	13.9	17.8	32.4	15.1	31.7	23.5	20.8	21.9	46.6
P/S	1.0	0.9	1.2	1.5	2.3	2.6	1.4	0.9	0.8	0.6	0.5	0.8
P/B	1.3	1.2	1.7	2.6	3.4	3.2	1.8	1.4	1.3	1.1	0.9	1.5
P / Tangible Book	4.2	4.6	7.6	10.3	6.7	8.1	·	·	·	·	·	·
P / Cash Flow	5.6	6.3	8.8	12.3	15.8	15.0	12.6	7.9	7.3	5.4	4.1	10.9
P / FCF	8.8	10.5	23.1	23.7	25.9	27.2	1468.4	40.9	21.9	14.4	9.0	64.7
EV / EBITDA	·	·	·	·	·	·	·	·	·	·	24.8	30.6
EV / FCF	·	·	·	·	·	·	·	·	·	·	18.5	108.9
EV / Revenue	·	·	·	·	·	·	·	·	·	·	1.0	1.3
Earnings Yield	1.0%	5.2%	8.0%	7.2%	5.6%	3.1%	6.6%	3.1%	4.2%	4.8%	4.6%	2.1%

Income Statement 16

Quarterly Income Statement data for DAR
Metric	Q4 2026	Q3 2025	Q2 2025	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q3 2023	Q2 2023	Q4 2022	Q4 2022	Q3 2022	Q2 2022
Revenue	$1.84B	$1.56B	$1.48B	$1.38B	$1.42B	$1.42B	$1.46B	$1.42B	$1.61B	$1.63B	$1.76B	$1.79B	$2.47B	$1.75B	$1.65B	$1.37B
Cost of Revenue	$1.31B	$1.18B	$1.14B	$1.07B	$1.08B	$1.11B	$1.13B	$1.12B	$1.18B	$1.24B	$1.36B	$1.37B	$1.98B	$1.37B	$1.23B	$1.02B
Gross Profit	$529M	$387M	$346M	$311M	$334M	$314M	$327M	$304M	$436M	$386M	·	·	·	·	·	·
SG&A Expense	$167M	$140M	$138M	$122M	$108M	$116M	$130M	$139M	$133M	$138M	$137M	$135M	$129M	$105M	$108M	$102M
Operating Expenses	$1.74B	$1.45B	$1.41B	$1.32B	$1.32B	$1.36B	$1.35B	$1.36B	$1.46B	$1.50B	$1.61B	$1.63B	$2.28B	$1.58B	$1.45B	$1.21B
Operating Income	$-72M	$72M	$76M	$28M	$122M	$60M	$149M	$137M	$159M	$178M	$357M	$256M	$318M	$268M	$279M	$233M
Interest Income	·	$1M	$3M	$8M	·	$4M	$2M	$7M	·	·	·	·	·	·	·	·
Other Non-op	$-12M	$662.0K	$-7M	$3M	$9M	$5M	$-568.0K	$9M	$3M	$2M	$5M	$6M	$-1M	$-3M	$-302.0K	$-742.0K
Pretax Income	$-108M	$20M	$18M	$-25M	$78M	$2M	$82M	$85M	$95M	$113M	$296M	$217M	$243M	$228M	$252M	$217M
Income Tax	$3M	$-1M	$4M	$-1M	$-26M	$-17M	$774.0K	$4M	$7M	$-15M	$41M	$27M	$45M	$35M	$47M	$26M
Net Income	$-114M	$19M	$13M	$-26M	$102M	$17M	$79M	$81M	$85M	$125M	$252M	$186M	$196M	$191M	$202M	$188M
EPS (Basic)	$-0.71	$0.12	$0.08	$-0.16	$0.64	$0.11	$0.49	$0.51	$0.53	$0.78	$1.58	$1.16	$1.23	$1.19	$1.25	$1.17
EPS (Diluted)	$-0.71	$0.12	$0.08	$-0.16	$0.63	$0.11	$0.49	$0.50	$0.52	$0.77	$1.55	$1.14	$1.22	$1.17	$1.23	$1.14
Shares (Basic)	-320,348,000	158,356,000	158,339,000	158,677,000	-319,314,000	159,200,000	159,815,000	159,812,000	-33,000	159,727,000	159,810,000	160,145,000	-324,953,000	160,587,000	161,632,000	161,396,000
Shares (Diluted)	-324,444,000	159,947,000	159,734,000	158,677,000	-323,183,000	160,991,000	161,705,000	161,905,000	-150,000	162,425,000	162,370,000	162,817,000	-332,974,000	163,635,000	164,745,000	164,601,000
EBITDA	·	$72M	$76M	$28M	·	$60M	$149M	$137M	·	$178M	$357M	$256M	·	$268M	$279M	$233M

Balance Sheet 27

Quarterly Balance Sheet data for DAR
Metric	Q4 2026	Q3 2025	Q2 2025	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q3 2023	Q2 2023	Q4 2022	Q4 2022	Q3 2022	Q2 2022
Cash & Equivalents	$89M	$91M	$95M	$81M	$76M	$115M	$122M	$145M	·	$119M	$112M	$133M	·	$126M	$147M	$99M
Receivables	·	·	·	·	·	·	·	·	·	$736M	$747M	$751M	·	$670M	$575M	$518M
Inventory	$528M	$622M	$605M	$595M	$577M	$618M	$628M	$687M	·	$823M	$825M	$829M	·	$642M	$578M	$492M
Prepaid Expense	$85M	$89M	$80M	$90M	$81M	$85M	$89M	$98M	·	$102M	$117M	$109M	·	$80M	$77M	$61M
Other Current Assets	$40M	·	·	·	$42M	·	·	·	·	·	·	·	·	·	·	·
Current Assets	$1.55B	$1.50B	$1.50B	$1.45B	$1.44B	$1.50B	$1.51B	$1.62B	·	$1.84B	$1.88B	$1.90B	·	$1.56B	$1.46B	$1.26B
PP&E (Net)	$2.80B	$2.79B	$2.79B	$2.74B	$2.71B	$2.86B	$2.84B	$2.91B	·	$2.80B	$2.77B	$2.71B	·	$2.35B	$2.24B	$1.87B
PP&E (Gross)	$5.79B	·	·	·	$5.29B	·	·	·	·	·	·	·	·	·	·	·
Accum. Depreciation	$2.99B	$2.94B	$2.86B	$2.70B	$2.58B	$2.57B	$2.47B	$2.43B	·	$2.25B	$2.22B	$2.14B	·	$1.94B	$1.92B	$1.89B
Goodwill	$2.46B	$2.50B	$2.48B	$2.39B	$2.32B	$2.46B	$2.42B	$2.50B	$2.48B	$2.45B	$2.57B	$2.59B	$1.97B	$1.90B	$1.56B	$1.24B
Intangibles	$845M	$881M	$899M	$898M	$898M	$977M	$993M	$1.06B	·	$1.09B	$1.07B	$1.09B	·	$874M	$760M	$410M
Other Non-current Assets	$190M	$210M	$205M	$203M	$200M	$222M	$219M	$247M	·	$238M	$246M	$232M	·	$123M	$82M	$98M
Total Assets	$10.30B	$10.45B	$10.27B	$10.03B	$10.07B	$10.57B	$10.62B	$10.94B	·	$10.81B	$10.97B	$10.86B	·	$8.81B	$8.03B	$6.62B
Accrued Liabilities	$485M	$475M	$498M	$492M	$489M	$542M	$450M	$450M	·	$494M	$420M	$463M	·	$479M	$399M	$360M
Current Liabilities	$1.03B	$1.01B	$997M	$1.04B	$1.04B	$1.06B	$963M	$967M	·	$1.03B	$1.01B	$1.10B	·	$1.03B	$920M	$813M
Capital Leases	$162M	$169M	$170M	$158M	$152M	$158M	$156M	$161M	·	$155M	$149M	$145M	·	$133M	$134M	$125M
Deferred Tax	$241M	$271M	$283M	$289M	$293M	$375M	$401M	$464M	·	$503M	$562M	$523M	·	$462M	$397M	$394M
Other Non-current Liabilities	$189M	$206M	$204M	$208M	$208M	$211M	$240M	$304M	·	$314M	$339M	$415M	·	$296M	$128M	$110M
Total Liabilities	$5.49B	$5.68B	$5.58B	$5.50B	$5.61B	$5.94B	$6.08B	$6.26B	·	$6.34B	$6.52B	$6.74B	·	$5.14B	$4.46B	$3.12B
Common Stock	$2M	$2M	$2M	$2M	$2M	$2M	$2M	$2M	·	$2M	$2M	$2M	·	$2M	$2M	$2M
Paid-in Capital	$1.72B	$1.73B	$1.73B	$1.72B	$1.72B	$1.72B	$1.72B	$1.71B	·	$1.69B	$1.68B	$1.67B	·	$1.65B	$1.65B	$1.64B
Retained Earnings	$4.07B	$4.02B	$4.00B	$3.99B	$4.01B	$3.91B	$3.89B	$3.81B	·	$3.65B	$3.52B	$3.27B	·	$2.93B	$2.74B	$2.54B
Treasury Stock	$719M	$719M	$719M	$719M	$673M	$667M	$667M	$637M	·	$629M	$625M	$615M	·	$530M	$492M	$439M
AOCI	$-339M	$-345M	$-396M	$-544M	$-684M	$-418M	$-491M	$-298M	·	$-332M	$-213M	$-299M	·	$-473M	$-401M	$-311M
Stockholders' Equity	$4.74B	$4.69B	$4.61B	$4.45B	$4.38B	$4.55B	$4.46B	$4.59B	·	$4.38B	$4.37B	$4.03B	·	$3.58B	$3.49B	$3.43B
Liabilities + Equity	$10.30B	$10.45B	$10.27B	$10.03B	$10.07B	$10.57B	$10.62B	$10.94B	·	$10.81B	$10.97B	$10.86B	·	$8.81B	$8.03B	$6.62B
Shares Outstanding	158,193,345	158,186,082	158,185,905	158,156,416	158,897,470	159,043,922	158,983,426	159,779,557	159,533,789	159,532,408	159,489,906	159,564,106	159,969,596	160,266,480	160,860,911	161,503,757

Cash Flow 12

Quarterly Cash Flow data for DAR
Metric	Q4 2026	Q3 2025	Q2 2025	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q3 2023	Q2 2023	Q4 2022	Q4 2022	Q3 2022	Q2 2022
D&A	$133M	$124M	$121M	$124M	$128M	$124M	$125M	$128M	$138M	$126M	$122M	$116M	$144M	$105M	$93M	$79M
Stock-based Comp	$-3M	$8M	$5M	$-3M	$-4M	$1M	$11M	$13M	$6M	$9M	·	$12M	$6M	$5M	·	$6M
Deferred Tax	$17M	$-14M	$-19M	$-10M	$-2M	$-35M	$-54M	$-31M	$-30M	$-52M	·	$15M	$-3M	$-7M	·	$24M
Amort. of Intangibles	$21M	$26M	$26M	$25M	$28M	$28M	$28M	$28M	$33M	$32M	$33M	$26M	$34M	$25M	$21M	$16M
Operating Cash Flow	$375M	$224M	$146M	$249M	$154M	$274M	$147M	$264M	$217M	$277M	·	$188M	$175M	$341M	·	$152M
Investing Cash Flow	$-229M	$-287M	$-109M	$-51M	$-46M	$-65M	$-97M	$-291M	$-169M	$-158M	·	$-1.26B	$-194M	$-2.09B	·	$-294M
Stock Issued	$-24.0K	$0	$71.0K	$342.0K	$10.0K	$0	$0	$437.0K	$0	$0	·	$0	$0	$-50.0K	·	$0
Stock Repurchased	$5M	$0	$0	$35M	$5M	$0	$29M	$0	$0	$0	·	$44M	$22M	$27M	·	$17M
Net Stock Activity	·	·	·	$-34M	·	·	·	$437.0K	·	·	·	$-44M	·	·	·	$-17M
Financing Cash Flow	$-143M	$47M	$-31M	$-185M	$-166M	$-201M	$-81M	$49M	$-26M	$-118M	·	$1.17B	$-4M	$1.85B	·	$181M
Net Change in Cash	$-10M	$-15M	$-5M	$7M	$-44M	$-5M	$-27M	$28M	$11M	$9M	·	$112M	$3M	$82M	·	$30M
Taxes Paid	$-24M	$19M	$23M	$9M	$20M	$27M	$23M	$33M	$25M	$40M	·	$39M	$24M	$64M	·	$41M

Profitability 8

Quarterly Profitability data for DAR
Metric	Q4 2026	Q3 2025	Q2 2025	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q3 2023	Q2 2023	Q4 2022	Q4 2022	Q3 2022	Q2 2022
Gross Margin	·	24.8%	23.4%	22.6%	·	·	·	·	·	·	·	·	·	·	·	·
Operating Margin	·	4.6%	5.1%	2.1%	·	4.2%	10.2%	9.7%	·	11.0%	20.3%	14.3%	·	15.3%	16.9%	17.1%
Net Margin	·	1.2%	0.85%	-1.9%	·	1.2%	5.4%	5.7%	·	7.7%	14.4%	10.4%	·	10.9%	12.2%	13.8%
Pretax Margin	·	1.3%	1.2%	-1.8%	·	0.12%	5.6%	6.0%	·	6.9%	16.8%	12.1%	·	13.0%	15.3%	15.9%
EBITDA Margin	·	4.6%	5.1%	2.1%	·	4.2%	10.2%	9.7%	·	11.0%	20.3%	14.3%	·	15.3%	16.9%	17.1%
ROA	·	0.18%	0.12%	-0.25%	·	0.16%	0.73%	0.74%	·	1.3%	·	·	·	·	·	·
ROE	·	0.42%	0.28%	-0.58%	·	0.38%	1.8%	1.9%	·	3.1%	·	·	·	·	·	·
ROIC	·	1.6%	1.3%	0.61%	·	15.4%	3.3%	2.9%	·	4.6%	·	·	·	·	·	·

Liquidity & Solvency 2

Quarterly Liquidity & Solvency data for DAR
Metric	Trend	Q4 2026	Q3 2025	Q2 2025	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q3 2023	Q2 2023	Q4 2022	Q4 2022	Q3 2022	Q2 2022
Current Ratio		·	1.5	1.5	1.4	·	1.4	1.6	1.7	·	1.8	·	·	·	·	·	·
Quick Ratio		·	0.1	0.1	0.1	·	0.1	0.1	0.2	·	0.8	·	·	·	·	·	·

Efficiency 3

Quarterly Efficiency data for DAR
Metric	Q4 2026	Q3 2025	Q2 2025	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q3 2023	Q2 2023	Q4 2022	Q4 2022	Q3 2022	Q2 2022
Asset Turnover	·	0.1	0.1	0.1	·	0.1	0.1	0.1	·	0.2	·	·	·	·	·	·
Inventory Turnover	·	1.9	1.8	1.7	·	1.5	1.6	1.5	·	1.7	·	·	·	·	·	·
Receivables Turnover	·	·	·	·	·	·	·	·	·	2.3	·	·	·	·	·	·

Per Share 5

Quarterly Per Share data for DAR
Metric	Q4 2026	Q3 2025	Q2 2025	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q3 2023	Q2 2023	Q4 2022	Q4 2022	Q3 2022	Q2 2022
Book Value / Share	·	$29.64	$29.16	$28.13	·	$28.62	$28.06	$28.75	·	$27.46	·	·	·	·	·	·
Revenue / Share	·	$9.78	$9.27	$8.70	·	$8.83	$9.00	$8.77	·	$10.01	$10.82	$11.00	·	$10.68	$10.02	$8.30
Cash Flow / Share	·	·	·	$1.57	·	·	·	$1.63	·	·	·	$1.16	·	·	·	$0.92
Cash / Share	·	$0.58	$0.60	$0.52	·	$0.72	$0.76	$0.91	·	$0.75	·	·	·	·	·	·
EPS (TTM)	·	$0.15	$0.52	$0.94	·	$1.87	$3.31	$3.96	·	$4.63	$5.09	$4.68	·	$4.42	$4.13	$4.07

Valuation (TTM) 9

Quarterly Valuation (TTM) data for DAR
Metric	Q4 2026	Q3 2025	Q2 2025	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q3 2023	Q2 2023	Q4 2022	Q4 2022	Q3 2022	Q2 2022
Revenue TTM	·	$5.85B	$5.74B	$5.68B	·	$5.92B	$6.26B	$6.59B	·	$6.92B	$6.95B	$6.56B	·	$5.95B	$5.39B	$4.94B
Net Income TTM	·	$23M	$82M	$151M	·	$302M	$537M	$644M	·	$754M	$831M	$767M	·	$728M	$684M	$678M
Market Cap	·	$5.08B	$6.03B	$4.99B	·	$6.01B	$5.84B	$7.43B	·	$8.33B	·	·	·	·	·	·
P/E	·	214.1	73.3	33.6	·	20.2	11.1	11.7	·	11.3	12.5	12.5	·	15.0	15.2	20.4
P/S	·	0.9	1.1	0.9	·	1.0	0.9	1.1	·	1.2	·	·	·	·	·	·
P/B	·	1.1	1.3	1.1	·	1.3	1.3	1.6	·	1.9	·	·	·	·	·	·
P / Tangible Book	·	3.9	4.9	4.3	·	5.4	5.6	7.2	·	9.9	·	·	·	·	·	·
P / Cash Flow	·	·	·	20.0	·	·	·	28.2	·	·	·	·	·	·	·	·
Earnings Yield	·	0.47%	1.4%	3.0%	·	5.0%	9.0%	8.5%	·	8.9%	8.0%	8.0%	·	6.7%	6.6%	4.9%

Financial Statements Income statement, balance sheet, cash flow — annual, last 5 years

Income Statement

	2026-01-03	2024-12-28	2023-12-30	2022-12-31	2022-01-01
Revenue	$6.14B	$5.72B	$6.79B	$6.53B	$4.74B
Gross Margin %	24.0%	22.4%	—	—	—
Operating Margin %	4.5%	8.2%	14.0%	15.8%	18.6%
Net Income	$63M	$279M	$648M	$738M	$651M
Diluted EPS	$0.39	$1.73	$3.99	$4.49	$3.90

Balance Sheet

	2026-01-03	2024-12-28	2023-12-30	2022-12-31	2022-01-01
Current Ratio	1.5	1.4	1.9	1.5	1.4
Quick Ratio	0.1	0.1	0.1	0.8	0.7

Cash Flow

	2026-01-03	2024-12-28	2023-12-30	2022-12-31	2022-01-01
Free Cash Flow	$679M	$507M	$344M	$422M	$430M

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