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DAR Financials Darling Ingredients Inc.

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
$0 $3B $7B 2011 2013 2016 2017 2019 2022 2023 2026
RevenueNet income
Margins (gross / operating / net)
0% 13% 26% 2011 2013 2016 2017 2019 2022 2023 2026
GrossOperatingNet
Return on equity & assets (ROE / ROA)
0% 10% 20% 2011 2013 2016 2017 2019 2022 2023 2026
ROEROA
Free cash flow (CFO − capex)
$0 $340M $679M 2011 2013 2016 2017 2019 2022 2023 2026
Free cash flow
Cash vs total debt
$0 $1B $2B 2011 2013 2016 2017 2019 2022 2023 2026
CashTotal debt
Cash flow: operating / investing / financing
-$2B -$369M $2B $0 2011 2013 2016 2017 2019 2022 2023 2026
OperatingInvestingFinancing

Key annual figures

FYRevenueNet incomeGross MOp MROEROAFCFTotal debtCash
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

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.

Price / earnings (P/E)
0.0 83.3 166.5 Mar '23 Sep '23 Mar '24 Sep '24 Mar '25 Sep '25 Mar '26 Sep '26
P/E
Price / sales (P/S)
0.0 0.9 1.7 Mar '23 Sep '23 Mar '24 Sep '24 Mar '25 Sep '25 Mar '26 Sep '26
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.