15 years of revenue, profit, cash flow and balance-sheet history through FY2026,
from SEC filings — with a computed, factual read of the trend.
Updated Overview →
Growth & profitability
Revenue has grown 11.4% per year over the past 5 years.
Net income has grown slower than revenue (-26.7% vs 11.4% per year).
Operating margin has contracted, at 4.5% in the latest year.
Free cash flow has grown 14.5% per year over the past 5 years.
Financial health
Total debt has grown faster than revenue (47.1% vs 11.4% per year).
Operating income covered interest expense 1.2× in the latest year.
Revenue & net income
RevenueNet income
Margins (gross / operating / net)
GrossOperatingNet
Return on equity & assets (ROE / ROA)
ROEROA
Free cash flow (CFO − capex)
Free cash flow
Cash vs total debt
CashTotal debt
Cash flow: operating / investing / financing
OperatingInvestingFinancing
Key annual figures
FY
Revenue
Net income
Gross M
Op M
ROE
ROA
FCF
Total debt
Cash
2026
$6.1B
$63M
24.0%
4.5%
1.3%
0.6%
$679M
—
$89M
2024
$5.7B
$279M
22.4%
8.2%
6.4%
2.8%
$507M
—
$76M
2023
$6.8B
$648M
24.2%
14.0%
14.1%
5.9%
$344M
—
$127M
2022
$6.5B
$738M
23.4%
15.8%
19.4%
8.0%
$422M
—
$127M
2022
$4.7B
$651M
26.2%
18.7%
19.8%
10.6%
$430M
—
$69M
2021
$3.6B
$297M
24.7%
12.1%
10.3%
5.3%
$345M
—
$82M
2019
$3.4B
$313M
23.0%
14.1%
12.2%
5.8%
$3M
—
$73M
2018
$3.4B
$101M
21.9%
7.5%
4.5%
2.1%
$77M
—
$107M
2017
$3.7B
$128M
21.5%
4.6%
5.7%
2.6%
—
—
$107M
2016
$3.4B
$102M
22.3%
4.6%
5.2%
2.2%
—
—
$115M
2016
—
$79M
—
—
4.2%
1.6%
—
$1.9B
$157M
2015
—
$64M
—
—
3.3%
1.3%
—
$2.2B
$109M
2013
—
$109M
—
—
5.4%
3.4%
—
$887M
$871M
2012
—
$131M
—
—
12.3%
8.4%
—
$250M
$103M
2011
—
$169M
—
—
18.4%
12.0%
—
$280M
$39M
Revenue & net income
RevenueNet income
Margins (gross / operating / net)
GrossOperatingNet
Return on equity & assets (ROE / ROA)
ROEROA
Free cash flow (CFO − capex, quarterly)
Free cash flow
Cash vs total debt
CashTotal debt
Cash flow: operating / investing / financing
OperatingInvestingFinancing
Key quarterly figures
Quarter
Revenue
Net income
Gross M
Op M
ROE
ROA
FCF
Total debt
Cash
Jul '26
$1.7B
$387M
29.2%
32.2%
7.4%
3.5%
—
—
$161M
Apr '26
$1.6B
$134M
26.1%
14.6%
2.8%
1.3%
—
—
$116M
Jan '26
$1.7B
$57M
25.1%
5.7%
1.2%
0.6%
—
—
$89M
Sep '25
$1.6B
$19M
24.7%
4.6%
0.4%
0.2%
—
—
$91M
Jun '25
$1.5B
$13M
23.3%
5.1%
0.3%
0.1%
—
—
$95M
Mar '25
$1.4B
-$26M
22.6%
2.1%
-0.6%
-0.3%
—
—
$81M
Dec '24
$1.4B
$102M
23.5%
8.6%
2.3%
1.0%
—
—
$76M
Sep '24
$1.4B
$17M
22.1%
4.2%
0.4%
0.2%
—
—
$115M
Jun '24
$1.5B
$79M
22.5%
10.2%
1.8%
0.7%
—
—
$122M
Mar '24
$1.4B
$81M
21.4%
9.7%
1.8%
0.7%
—
—
$145M
Dec '23
$1.6B
$85M
27.0%
9.8%
1.8%
0.8%
—
—
$127M
Sep '23
$1.6B
$125M
23.8%
11.0%
2.9%
1.2%
—
—
$119M
Jul '23
$1.8B
$252M
22.6%
20.3%
5.8%
2.3%
—
—
$112M
Apr '23
$1.8B
$186M
23.7%
14.3%
4.6%
1.7%
—
—
$133M
Dec '22
$1.8B
$157M
22.0%
14.1%
4.1%
1.7%
—
—
$127M
Oct '22
$1.7B
$191M
21.5%
15.4%
5.3%
2.2%
—
—
$126M
Jul '22
$1.7B
$202M
25.4%
16.9%
5.8%
2.5%
—
—
$147M
Apr '22
$1.4B
$188M
25.3%
17.0%
5.5%
2.8%
—
—
$99M
Jan '22
$1.3B
$156M
24.5%
16.1%
4.7%
2.5%
—
—
$69M
Oct '21
$1.2B
$147M
27.5%
17.3%
4.6%
2.5%
—
—
$67M
Valuation over time
How the market has priced DAR against its own fundamentals since 2023-03 —
each month-end's share price set against the most recent annual filing, so the multiple moves
as price runs ahead of (or behind) earnings. Split-adjusted.
The price-to-earnings ratio has risen from 12.5× (Mar '23) to 135.7× (Nov '26).
The price-to-sales ratio has fallen from 1.4× (Mar '23) to 1.4× (Nov '26).
Price / earnings (P/E)
P/E
Price / sales (P/S)
P/S
Frequently asked questions
Is DAR growing its revenue and profit?
Over the past 5 years, Darling Ingredients Inc.'s revenue has grown 11.4% per year, and net income declined 26.7% per year. These are computed facts, not advice.
How much debt does DAR have?
As of FY2026, Darling Ingredients Inc. reported — of total debt against $89M of cash; operating income covered interest expense 1.2×.
What is DAR's profit margin?
In FY2026, gross margin was 24.0%, operating margin 4.5%, and net margin 1.0%.
What is DAR's P/E ratio?
Darling Ingredients Inc.'s P/E (TTM) is 14.26 as of the 2026-11-02 close — market cap ÷ net income over the trailing twelve months where four consecutive quarters are reported, otherwise the latest fiscal year, the same figure as on the DAR stock page. The valuation chart above sets each month-end's price against the latest annual net income instead, so its latest point (about 135.7× as of Nov '26) can differ. These are computed facts, not advice.
Where does this data come from?
All figures are extracted from the company’s SEC EDGAR/XBRL filings — 10-K annual reports and 10-Q quarterly reports (use the Annual / Quarterly toggle). Quarterly figures are derived from the as-filed statements (year-to-date amounts are differenced into discrete quarters). Growth rates and ratios are computed by tradmap; nothing here is investment advice.
Source: SEC EDGAR / XBRL (10-K + 10-Q filings) · prices EOD (Databento), split-adjusted; price return — dividends not reinvested ·
growth rates, valuation multiples & ratios computed by tradmap. Valuation uses each month-end price
against the latest annual filing. Informational only — not investment advice.