# Darling Ingredients Inc. (DAR)

**Exchange:** NYSE  
**Sector:** Consumer Defensive  
**Market cap:** $9.23B  
**Price:** $57.65 (-1.64%)

> Darling Ingredients Inc. is a leading provider of sustainable natural ingredients derived from edible and inedible bio-nutrients, transforming animal by-products and waste streams into valuable resources. The company operates through three primary segments: Feed Ingredients, which produce proteins, fats, and specialty products for animal nutrition; Food Ingredients, specializing in gelatin and collagen for pharmaceuticals, food, and pet food applications; and Fuel Ingredients, converting used cooking oil and bakery remnants into renewable fuels and feedstocks. Darling Ingredients Inc. collects and processes animal by-products, offers grease trap services for food businesses, and supplies equipment for cooking oil collection. It serves diverse industries including pharmaceuticals, food processing, pet food, fertilizers, and renewable energy, with a strong emphasis on sustainability and circular economy principles. The majority of its operations and revenue stem from North America. Founded in 1882 and headquartered in Irving, Texas, Darling Ingredients Inc. plays a crucial role in the global sustainable ingredients market by repurposing waste into high-value products.

## Income Statement (Annual, USD)

| Fiscal Year | Revenue | Gross Profit | Operating Income | Net Income | EPS (dil.) |
| --- | --- | --- | --- | --- | --- |
| 2026 | $6.14B | $1.47B | $273M | $63M | — |
| 2024 | $5.72B | $1.28B | $468M | $279M | — |
| 2023 | $6.79B | $1.65B | $950M | $648M | — |
| 2022 | $6.53B | $1.53B | $1.03B | $738M | — |
| 2022 | $4.74B | — | $884M | $651M | — |
| 2021 | $3.57B | — | $431M | $297M | — |
| 2019 | $3.36B | — | $476M | $313M | — |
| 2018 | $3.39B | — | $255M | $101M | — |
| 2017 | $3.66B | — | $169M | $128M | — |
| 2016 | $3.39B | — | $155M | $102M | — |
| 2016 | $3.39B | — | $143M | $79M | — |
| 2015 | $3.96B | — | $165M | $64M | — |
| 2013 | $1.80B | — | $170M | $109M | — |
| 2012 | $1.77B | — | $232M | $131M | — |
| 2011 | $1.80B | — | $314M | $169M | — |

## Balance Sheet (Annual, USD)

| Fiscal Year | Total Assets | Total Liabilities | Equity | Cash | Long-term Debt |
| --- | --- | --- | --- | --- | --- |
| 2026 | $10.30B | $5.49B | $4.74B | $89M | — |
| 2024 | $10.07B | $5.61B | $4.38B | $76M | — |
| 2023 | $11.06B | $6.37B | $4.61B | $127M | — |
| 2022 | $9.20B | $5.31B | $3.81B | $127M | — |
| 2022 | $6.13B | $2.79B | $3.28B | $69M | — |
| 2021 | $5.61B | $2.66B | $2.89B | $82M | — |
| 2019 | $5.35B | $2.70B | $2.57B | $73M | — |
| 2018 | $4.89B | $2.55B | $2.27B | $107M | — |
| 2017 | $4.96B | $2.63B | $2.24B | $107M | — |
| 2016 | $4.70B | $2.62B | $1.97B | $115M | — |
| 2016 | $4.76B | $2.79B | $1.87B | $157M | $1.93B |
| 2015 | $5.13B | $3.08B | $1.95B | $109M | $2.15B |
| 2013 | $3.24B | $1.22B | $2.02B | $871M | $887M |
| 2012 | $1.55B | $490M | $1.06B | $103M | $250M |
| 2011 | $1.42B | $497M | $920M | $39M | $280M |

## Cash Flow (Annual, USD)

| Fiscal Year | Operating Cash Flow | CapEx | Free Cash Flow |
| --- | --- | --- | --- |
| 2026 | $1.06B | $380M | $679M |
| 2024 | $839M | $332M | $507M |
| 2023 | $899M | $555M | $344M |
| 2022 | $814M | $391M | $422M |
| 2022 | $704M | $274M | $430M |
| 2021 | $625M | $280M | $345M |
| 2019 | $363M | $359M | $3M |
| 2018 | $399M | $322M | $77M |
| 2017 | $410M | — | — |
| 2016 | $391M | — | — |
| 2016 | $421M | — | — |
| 2015 | $275M | — | — |
| 2013 | $211M | — | — |
| 2012 | $250M | — | — |
| 2011 | $241M | — | — |

Source: [CompaniesByCap](https://companiesbycap.com/company/DAR)