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
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
FCF
Total debt
Cash
2026
$6.1B
$63M
24.0%
4.5%
$679M
—
$89M
2024
$5.7B
$279M
22.4%
8.2%
$507M
—
$76M
2023
$6.8B
$648M
24.2%
14.0%
$344M
—
$127M
2022
$6.5B
$738M
23.4%
15.8%
$422M
—
$127M
2022
$4.7B
$651M
26.2%
18.7%
$430M
—
$69M
2021
$3.6B
$297M
24.7%
12.1%
$345M
—
$82M
2019
$3.4B
$313M
23.0%
14.1%
$3M
—
$73M
2018
$3.4B
$101M
21.9%
7.5%
$77M
—
$107M
2017
$3.7B
$128M
21.5%
4.6%
—
—
$107M
2016
$3.4B
$102M
22.3%
4.6%
—
—
$115M
2016
—
$79M
—
—
—
$1.9B
$157M
2015
—
$64M
—
—
—
$2.2B
$109M
2013
—
$109M
—
—
—
$887M
$871M
2012
—
$131M
—
—
—
$250M
$103M
2011
—
$169M
—
—
—
$280M
$39M
Revenue & net income
RevenueNet income
Margins (gross / operating / net)
GrossOperatingNet
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
FCF
Total debt
Cash
Apr '26
$1.6B
$134M
26.1%
14.6%
—
—
$116M
Jan '26
$1.7B
$57M
25.1%
5.7%
—
—
$89M
Sep '25
$1.6B
$19M
24.7%
4.6%
—
—
$91M
Jun '25
$1.5B
$13M
23.3%
5.1%
—
—
$95M
Mar '25
$1.4B
-$26M
22.6%
2.1%
—
—
$81M
Dec '24
$1.4B
$102M
23.5%
8.6%
—
—
$76M
Sep '24
$1.4B
$17M
22.1%
4.2%
—
—
$115M
Jun '24
$1.5B
$79M
22.5%
10.2%
—
—
$122M
Mar '24
$1.4B
$81M
21.4%
9.7%
—
—
$145M
Dec '23
$1.6B
$85M
27.0%
9.8%
—
—
$127M
Sep '23
$1.6B
$125M
23.8%
11.0%
—
—
$119M
Jul '23
$1.8B
$252M
22.6%
20.3%
—
—
$112M
Apr '23
$1.8B
$186M
23.7%
14.3%
—
—
$133M
Dec '22
$1.8B
$157M
22.0%
14.1%
—
—
$127M
Oct '22
$1.7B
$191M
21.5%
15.4%
—
—
$126M
Jul '22
$1.7B
$202M
25.4%
16.9%
—
—
$147M
Apr '22
$1.4B
$188M
25.3%
17.0%
—
—
$99M
Jan '22
$1.3B
$156M
24.5%
16.1%
—
—
$69M
Oct '21
$1.2B
$147M
27.5%
17.3%
—
—
$67M
Jul '21
$1.2B
$197M
26.7%
22.4%
—
—
$78M
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 12.6× (Mar '23) to 134.2× (Jun '26).
The price-to-sales ratio has fallen from 1.4× (Mar '23) to 1.4× (Jun '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?
As of Jun '26, Darling Ingredients Inc. traded at a price-to-earnings ratio of about 134.2× (market cap ÷ latest annual net income). The valuation charts above show how its P/E, P/S have moved with the share price. 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), corporate-action-adjusted ·
growth rates, valuation multiples & ratios computed by tradmap. Valuation uses each month-end price
against the latest annual filing. Informational only — not investment advice.