What is Darling Ingred's earnings per share (EPS)?

Darling Ingred (DAR) reported diluted earnings per share of $0.39 for fiscal year 2026. This represents a -77.5% change compared to the previous fiscal year. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.

Darling Ingred Financials

DAR

Source SEC Filings (10-K/10-Q) Updated Jan 3, 2026 Currency USD FYE January

This page shows Darling Ingred (DAR) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 15 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).

Financial Health Signals

Earnings Quality Cash-Backed

16.87x

For every $1 of reported earnings, Darling Ingred generates $16.87 in operating cash flow ($1.1B OCF vs $62.8M net income). This indicates profits are well-supported by actual cash generation, not accounting adjustments.

Interest Coverage At Risk

1.2x

Darling Ingred earns $1.2 in operating income for every $1 of interest expense ($273.4M vs $222.3M). This narrow margin raises concern about the company's ability to service its debt if operating income declines.

Key Financial Metrics

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Earnings & Revenue

Revenue

$6.1B

YoY+7.4%

5Y CAGR+12.8%

10Y CAGR+13.0%

Darling Ingred generated $6.1B in revenue in fiscal year 2026. This represents an increase of 7.4% from the prior year.

EBITDA

$781.9M

YoY-19.6%

5Y CAGR-0.5%

10Y CAGR+11.3%

Darling Ingred's EBITDA was $781.9M in fiscal year 2026, measuring earnings before interest, taxes, depreciation, and amortization. This represents a decrease of 19.6% from the prior year.

Net Income

$62.8M

YoY-77.5%

5Y CAGR-27.5%

10Y CAGR-5.4%

Darling Ingred reported $62.8M in net income in fiscal year 2026. This represents a decrease of 77.5% from the prior year.

EPS (Diluted)

$0.39

YoY-77.5%

5Y CAGR-26.8%

10Y CAGR-8.1%

Darling Ingred earned $0.39 per diluted share (EPS) in fiscal year 2026. This represents a decrease of 77.5% from the prior year.

Cash & Balance Sheet

Free Cash Flow

$679.2M

YoY+34.0%

5Y CAGR+193.4%

10Y CAGR+22.1%

Darling Ingred generated $679.2M in free cash flow in fiscal year 2026, representing cash available after capex. This represents an increase of 34.0% from the prior year.

Cash & Debt

N/A

Dividends Per Share

N/A

Shares Outstanding

159M

Darling Ingred had 159M shares outstanding in fiscal year 2026.

Margins & Returns

Gross Margin

24.0%

YoY+1.7pp

5Y CAGR+1.0pp

10Y CAGR-1.6pp

Darling Ingred's gross margin was 24.0% in fiscal year 2026, indicating the percentage of revenue retained after direct costs. This is up 1.7 percentage points from the prior year.

Operating Margin

4.5%

YoY-3.7pp

5Y CAGR-9.7pp

10Y CAGR-5.0pp

Darling Ingred's operating margin was 4.5% in fiscal year 2026, reflecting core business profitability. This is down 3.7 percentage points from the prior year.

Net Margin

1.0%

YoY-3.9pp

5Y CAGR-8.3pp

10Y CAGR-5.0pp

Darling Ingred's net profit margin was 1.0% in fiscal year 2026, showing the share of revenue converted to profit. This is down 3.9 percentage points from the prior year.

Return on Equity

N/A

Capital Allocation

R&D Spending

N/A

Share Buybacks

$34.7M

YoY+1.2%

5Y CAGR+12.5%

Darling Ingred spent $34.7M on share buybacks in fiscal year 2026, returning capital to shareholders by reducing shares outstanding. This represents an increase of 1.2% from the prior year.

Capital Expenditures

$380.5M

YoY+14.4%

5Y CAGR+1.1%

10Y CAGR+12.4%

Darling Ingred invested $380.5M in capex in fiscal year 2026, funding long-term assets and infrastructure. This represents an increase of 14.4% from the prior year.

DAR Income Statement

Metric	FY26	FY24	FY23	FY22	FY21	FY19
Revenue	$6.1B+7.4%	$5.7B-15.8%	$6.8B+3.9%	$6.5B+82.9%	$3.6B+6.2%	$3.4B
Cost of Revenue	$4.7B+5.1%	$4.4B-13.7%	$5.1B+2.8%	$5.0B+86.1%	$2.7B+3.9%	$2.6B
Gross Profit	$1.5B+15.3%	$1.3B-22.3%	$1.6B+7.5%	$1.5B+73.2%	$883.1M+14.0%	$774.8M
R&D Expenses	N/A	N/A	N/A	N/A	N/A	N/A
SG&A Expenses	$551.2M+12.0%	$492.1M-9.3%	$542.5M+24.3%	$436.6M+15.4%	$378.5M+5.6%	$358.5M
Operating Income	$273.4M-41.6%	$468.2M-50.7%	$949.7M-7.7%	$1.0B+138.8%	$430.9M-9.4%	$475.8M
Interest Expense	$222.3M-12.4%	$253.9M-2.1%	$259.2M+106.4%	$125.6M+72.8%	$72.7M-7.6%	$78.7M
Income Tax	-$9.4M+75.6%	-$38.3M-164.4%	$59.6M-59.4%	$146.6M+175.2%	$53.3M-10.4%	$59.5M
Net Income	$62.8M-77.5%	$278.9M-56.9%	$647.7M-12.2%	$737.7M+148.5%	$296.8M-5.0%	$312.6M
EPS (Diluted)	$0.39-77.5%	$1.73-56.6%	$3.99-11.1%	$4.49+152.2%	$1.78-4.3%	$1.86

Metric	Q4'26	Q3'26	Q2'26	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25
Revenue	$1.7B+9.3%	$1.6B+5.6%	$1.5B+7.3%	$1.4B-2.6%	$1.4B-0.3%	$1.4B-2.3%	$1.5B+2.5%	$1.4B
Cost of Revenue	$1.3B+8.8%	$1.2B+3.6%	$1.1B+6.2%	$1.1B-1.4%	$1.1B-2.2%	$1.1B-1.8%	$1.1B+1.1%	$1.1B
Gross Profit	$429.2M+10.9%	$387.0M+11.9%	$345.9M+11.1%	$311.4M-6.7%	$333.8M+6.4%	$313.6M-4.1%	$326.9M+7.7%	$303.6M
R&D Expenses	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
SG&A Expenses	$151.9M+8.8%	$139.6M+1.1%	$138.1M+13.6%	$121.6M+13.1%	$107.5M-7.1%	$115.7M-10.8%	$129.7M-6.8%	$139.1M
Operating Income	$97.4M+35.9%	$71.7M-5.5%	$75.9M+167.1%	$28.4M-76.8%	$122.4M+103.7%	$60.1M-59.5%	$148.5M+8.3%	$137.2M
Interest Expense	$55.5M-2.5%	$56.9M+9.7%	$51.9M-10.5%	$58.0M+5.6%	$54.9M-17.9%	$66.8M-3.4%	$69.2M+10.1%	$62.9M
Income Tax	-$11.0M-783.2%	-$1.2M-130.7%	$4.1M+452.3%	-$1.2M+95.5%	-$25.5M-46.2%	-$17.5M-2357.2%	$774K-80.2%	$3.9M
Net Income	$56.9M+194.1%	$19.4M+52.9%	$12.7M+148.4%	-$26.2M-125.7%	$101.9M+501.3%	$16.9M-78.5%	$78.9M-2.8%	$81.2M
EPS (Diluted)	N/A	$0.12+50.0%	$0.08+150.0%	$-0.16	N/A	$0.11-77.6%	$0.49-2.0%	$0.50

DAR Balance Sheet

Metric	FY26	FY24	FY23	FY22	FY21	FY19
Total Assets	N/A	$10.1B-9.0%	$11.1B+20.2%	$9.2B+64.6%	$5.6B+4.6%	$5.3B
Current Assets	N/A	$1.4B-22.4%	$1.9B+13.3%	$1.6B+74.1%	$940.8M+2.6%	$917.3M
Cash & Equivalents	N/A	$76.0M-39.9%	$126.5M-0.4%	$127.0M+78.4%	$71.2M-2.4%	$72.9M
Inventory	N/A	$576.8M-24.0%	$758.7M+12.6%	$673.6M+60.1%	$420.7M+15.9%	$363.0M
Accounts Receivable	N/A	N/A	N/A	$676.6M+75.4%	$385.7M-5.1%	$406.3M
Goodwill	N/A	$2.3B-6.5%	$2.5B+26.1%	$2.0B+58.7%	$1.2B+1.5%	$1.2B
Total Liabilities	N/A	$5.6B-12.0%	$6.4B+20.0%	$5.3B+107.1%	$2.6B-5.2%	$2.7B
Current Liabilities	N/A	$1.0B+4.5%	$998.1M-6.6%	$1.1B+67.5%	$637.7M-7.4%	$688.3M
Long-Term Debt	N/A	$3.9B-10.5%	$4.4B+31.7%	$3.3B+133.9%	$1.4B-9.0%	$1.6B
Total Equity	N/A	$4.4B-4.9%	$4.6B+20.9%	$3.8B+28.4%	$3.0B+15.6%	$2.6B
Retained Earnings	N/A	$4.0B+7.5%	$3.7B+21.0%	$3.1B+66.9%	$1.8B+32.0%	$1.4B

Metric	Q4'26	Q3'26	Q2'26	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25
Total Assets	$10.3B-1.5%	$10.5B+1.7%	$10.3B+2.4%	$10.0B-0.4%	$10.1B-4.8%	$10.6B-0.5%	$10.6B-2.9%	$10.9B
Current Assets	$1.6B+3.4%	$1.5B+0.5%	$1.5B+2.8%	$1.5B+1.1%	$1.4B-3.8%	$1.5B-0.7%	$1.5B-6.9%	$1.6B
Cash & Equivalents	$88.7M-3.1%	$91.5M-3.3%	$94.6M+16.1%	$81.5M+7.2%	$76.0M-33.8%	$114.8M-5.6%	$121.6M-16.4%	$145.5M
Inventory	$527.7M-15.2%	$622.3M+2.8%	$605.3M+1.7%	$595.4M+3.2%	$576.8M-6.6%	$617.8M-1.6%	$627.7M-8.7%	$687.5M
Accounts Receivable	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Goodwill	$2.5B-1.6%	$2.5B+0.9%	$2.5B+3.7%	$2.4B+2.9%	$2.3B-5.4%	$2.5B+1.6%	$2.4B-3.2%	$2.5B
Total Liabilities	$5.5B-3.4%	$5.7B+1.8%	$5.6B+1.6%	$5.5B-2.0%	$5.6B-5.6%	$5.9B-2.3%	$6.1B-2.9%	$6.3B
Current Liabilities	$1.0B+2.4%	$1.0B+1.3%	$996.7M-3.8%	$1.0B-0.7%	$1.0B-1.8%	$1.1B+10.3%	$963.1M-0.4%	$967.3M
Long-Term Debt	$3.9B-4.1%	$4.0B+2.5%	$3.9B+3.3%	$3.8B-2.7%	$3.9B-5.4%	$4.1B-4.3%	$4.3B-1.0%	$4.4B
Total Equity	$4.7B+1.0%	$4.7B+1.6%	$4.6B+3.7%	$4.4B+1.6%	$4.4B-3.8%	$4.6B+2.0%	$4.5B-2.9%	$4.6B
Retained Earnings	$4.1B+1.4%	$4.0B+0.5%	$4.0B+0.3%	$4.0B-0.7%	$4.0B+2.6%	$3.9B+0.4%	$3.9B+2.1%	$3.8B

DAR Cash Flow Statement

Metric	FY26	FY24	FY23	FY22	FY21	FY19
Operating Cash Flow	$1.1B+26.3%	$839.3M-6.7%	$899.3M+10.5%	$813.7M+30.3%	$624.7M+72.3%	$362.6M
Capital Expenditures	$380.5M+14.4%	$332.5M-40.1%	$555.5M+42.0%	$391.3M+39.7%	$280.1M-22.1%	$359.5M
Free Cash Flow	$679.2M+34.0%	$506.8M+47.4%	$343.8M-18.6%	$422.4M+22.6%	$344.5M+10932.2%	$3.1M
Investing Cash Flow	-$681.4M-36.6%	-$498.9M+70.2%	-$1.7B+30.7%	-$2.4B-678.0%	-$310.6M+8.1%	-$338.1M
Financing Cash Flow	-$376.7M+5.7%	-$399.6M-145.6%	$876.3M-47.8%	$1.7B+646.8%	-$307.0M-459.3%	-$54.9M
Dividends Paid	N/A	N/A	N/A	N/A	N/A	N/A
Share Buybacks	$34.7M+1.2%	$34.3M-35.3%	$52.9M-57.8%	$125.5M+128.1%	$55.0M+185.8%	$19.3M

Metric	Q4'26	Q3'26	Q2'26	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25
Operating Cash Flow	$440.6M+96.4%	$224.3M+53.9%	$145.8M-41.4%	$249.0M+61.2%	$154.4M-43.7%	$274.5M+87.3%	$146.5M-44.5%	$263.9M
Capital Expenditures	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Free Cash Flow	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Investing Cash Flow	-$234.6M+18.4%	-$287.5M-164.4%	-$108.7M-114.6%	-$50.7M-9.4%	-$46.3M+28.7%	-$64.9M+32.8%	-$96.7M+66.8%	-$291.0M
Financing Cash Flow	-$208.2M-541.0%	$47.2M+254.6%	-$30.5M+83.5%	-$185.2M-11.4%	-$166.3M+17.3%	-$201.0M-148.3%	-$81.0M-266.1%	$48.8M
Dividends Paid	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Share Buybacks	$0	$0	$0-100.0%	$34.7M+582.4%	$5.1M	$0-100.0%	$29.2M	$0

DAR Financial Ratios

Metric	FY26	FY24	FY23	FY22	FY21	FY19
Gross Margin	24.0%+1.7pp	22.4%-1.9pp	24.2%+0.8pp	23.4%-1.3pp	24.7%+1.7pp	23.0%
Operating Margin	4.5%-3.7pp	8.2%-5.8pp	14.0%-1.8pp	15.8%+3.7pp	12.1%-2.1pp	14.1%
Net Margin	1.0%-3.9pp	4.9%-4.7pp	9.5%-1.8pp	11.3%+3.0pp	8.3%-1.0pp	9.3%
Return on Equity	N/A	6.4%-7.7pp	14.1%-5.3pp	19.4%+9.4pp	10.0%-2.2pp	12.2%
Return on Assets	N/A	2.8%-3.1pp	5.9%-2.2pp	8.0%+2.7pp	5.3%-0.5pp	5.9%
Current Ratio	N/A	1.38-0.5	1.86+0.3	1.53+0.1	1.48+0.1	1.33
Debt-to-Equity	N/A	0.89-0.1	0.95+0.1	0.87+0.4	0.48-0.1	0.61
FCF Margin	11.1%+2.2pp	8.9%+3.8pp	5.1%-1.4pp	6.5%-3.2pp	9.7%+9.6pp	0.1%

Metric	Q4'26	Q3'26	Q2'26	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25
Gross Margin	25.1%+0.4pp	24.8%+1.4pp	23.4%+0.8pp	22.6%-1.0pp	23.5%+1.5pp	22.1%-0.4pp	22.5%+1.1pp	21.4%
Operating Margin	5.7%+1.1pp	4.6%-0.5pp	5.1%+3.1pp	2.1%-6.6pp	8.6%+4.4pp	4.2%-6.0pp	10.2%+0.5pp	9.7%
Net Margin	3.3%+2.1pp	1.2%+0.4pp	0.9%+2.7pp	-1.9%-9.1pp	7.2%+6.0pp	1.2%-4.2pp	5.4%-0.3pp	5.7%
Return on Equity	1.2%+0.8pp	0.4%+0.1pp	0.3%+0.9pp	-0.6%-2.9pp	2.3%+2.0pp	0.4%-1.4pp	1.8%0.0pp	1.8%
Return on Assets	0.5%+0.4pp	0.2%+0.1pp	0.1%+0.4pp	-0.3%-1.3pp	1.0%+0.8pp	0.2%-0.6pp	0.7%0.0pp	0.7%
Current Ratio	1.50+0.0	1.49-0.0	1.50+0.1	1.40+0.0	1.38-0.0	1.41-0.2	1.57-0.1	1.67
Debt-to-Equity	0.82-0.0	0.860.0	0.850.0	0.86-0.0	0.89-0.0	0.91-0.1	0.97+0.0	0.95
FCF Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A

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Frequently Asked Questions

What is Darling Ingred's annual revenue?

Darling Ingred (DAR) reported $6.1B in total revenue for fiscal year 2026. This represents a 7.4% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.

How fast is Darling Ingred's revenue growing?

Darling Ingred (DAR) revenue grew by 7.4% year-over-year, from $5.7B to $6.1B in fiscal year 2026.

Is Darling Ingred profitable?

Yes, Darling Ingred (DAR) reported a net income of $62.8M in fiscal year 2026, with a net profit margin of 1.0%.

What is Darling Ingred's EBITDA?

Darling Ingred (DAR) had EBITDA of $781.9M in fiscal year 2026, measuring earnings before interest, taxes, depreciation, and amortization.

What is Darling Ingred's gross margin?

Darling Ingred (DAR) had a gross margin of 24.0% in fiscal year 2026, indicating the percentage of revenue retained after direct costs of goods sold.

What is Darling Ingred's operating margin?

Darling Ingred (DAR) had an operating margin of 4.5% in fiscal year 2026, reflecting the profitability of core business operations before interest and taxes.

What is Darling Ingred's net profit margin?

Darling Ingred (DAR) had a net profit margin of 1.0% in fiscal year 2026, representing the share of revenue converted into profit after all expenses.

What is Darling Ingred's free cash flow?

Darling Ingred (DAR) generated $679.2M in free cash flow during fiscal year 2026. This represents a 34.0% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.

What is Darling Ingred's operating cash flow?

Darling Ingred (DAR) generated $1.1B in operating cash flow during fiscal year 2026, representing cash generated from core business activities.

What are Darling Ingred's capital expenditures?

Darling Ingred (DAR) invested $380.5M in capital expenditures during fiscal year 2026, funding long-term assets and infrastructure.

Does Darling Ingred buy back shares?

Yes, Darling Ingred (DAR) spent $34.7M on share buybacks during fiscal year 2026, returning capital to shareholders by reducing shares outstanding.

How many shares does Darling Ingred have outstanding?

Darling Ingred (DAR) had 159M shares outstanding as of fiscal year 2026.

Are Darling Ingred's earnings high quality?

Darling Ingred (DAR) has an earnings quality ratio of 16.87x, considered cash-backed (high quality). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.

Can Darling Ingred cover its interest payments?

Darling Ingred (DAR) has an interest coverage ratio of 1.2x, meaning it can struggle to cover its interest obligations. This ratio divides operating income by interest expense. Ratios above 5x indicate strong debt-servicing ability, while ratios below 2x suggest the company may face difficulty meeting interest payments if earnings decline. Learn more in our complete guide to financial health indicators.