Darling Ingredients (DAR) Stock Fundamentals, Analysis & Risk Signals

Health score, price, valuation, risk signals, and key metrics at a glance.

Darling Ingredients

NYSE•Consumer Defensive•Packaged Foods

$65.56-0.98(-0.01%)Pre-market

Market Cap

$10.36B

P/E

17.3x

P/S

1.6x

P/B

2.0x

Darling Ingredients Inc. develops, produces, and sells sustainable natural ingredients from edible and inedible bio-nutrients in North America, Europe, China, South America, and internationally. The Feed Ingredients segment collects and processes animal by-products into non-food grade oils and protein meals; bakery residuals into cookie meal used in poultry and swine rations; used cooking oil into non-food grade fats; and porcine and bovine blood into blood plasma powder and hemoglobin. This segment is also involved in the processing of selected portions of slaughtered animals into pet food, as well as of cattle hides and hog skins; production of organic fertilizers; rearing and processing of black soldier fly larvae into specialty proteins and fats for use in animal feed and pet food; and grease trap collection services to food service establishments. Its Food Ingredients segment engages in the purchase and processing of beef and pork bone chips, beef hides, and pig and fish skins into collagen; collection and processing of porcine and bovine intestines into natural casings; extraction and processing of porcine mucosa into crude heparin; collection and refining of animal fat into food grade fat; and processing of bones to bone chips and bone ash. The Fuel Ingredients segment is involved in the conversion of organic sludge and food waste into biogas; collection and conversion of fallen stock and certain animal by-products into low-grade energy sources; and processing of manure into natural bio-phosphate. It also provides environmental services, including disposal services; and yellow grease, fuel feedstock, and agriculture-based biofuels. The company sells its products under the Rendac, Sonac, FASA, Ecoson, Rousselot, Gelnex, and CTH brands. The company was formerly known as Darling International Inc. and changed its name to Darling Ingredients Inc. in May 2014. Darling Ingredients Inc. was founded in 1882 and is headquartered in Irving, Texas.

How this company scores

ExcellentMetricSide Score: 83/100

Strongest: Cash & Earnings Quality (24/25); weakest: Balance Sheet & Red Flags (16/25).

Profitability21/25

Growth22/25

Balance Sheet & Red Flags16/25

Cash & Earnings Quality24/25

Strengths

Rising free cash flowRising earningsCash-backed earningsProfit converts from growth

No red flags in the last 8 quarters.

Valuation vs. 5-year range

Today's multiple positioned against its own trailing range — a visual premium/discount check.

P/E · 17.3x5y range 11.6x – 95.0x

Currently near its 20-quarter median.

P/S · 1.6x5y range 0.9x – 2.7x

Currently near its 20-quarter median.

P/B · 2.0x5y range 1.1x – 3.9x

Price & Volume

Market Cap $10.36B

Metrics at a Glance

as of July 2026

Revenue & Profit

Revenue, EBITDA, operating income, net income, EPS, and shares

TTM Revenue: $6.55B
Q. Revenue: $1.72B
TTM EBITDA: $1.48B
TTM Op. Income: $951.18M
Q. Op. Income: $555.24M
TTM Net Income: $597.93M
Q. Net Income: $387.31M
EPS: $2.44
Shares Out.: $158.52M

$6.55B in TTM revenue grew 14.9% YoY, reaching $1.72B last quarter. TTM EBITDA of $1.48B and TTM operating income of $951.18M show growth is flowing through to the bottom line. TTM net income of $597.93M means revenue is converting into profit. Across the last 8 quarters, TTM revenue has risen for 5 consecutive quarters — an improving trend.

Margins

Gross, EBITDA, operating, and net margin trends

Gross Margin: 29.2%
EBITDA Margin: 39.8%
Op. Margin: 32.2%
Net Margin: 22.5%

Op. margin of 32.2% is up 27.1% YoY — cost efficiency is improving. Net margin at 22.5% and gross margin of 29.2% show how much of each revenue dollar survives to profit. Across the last 8 quarters, operating margin has risen for 3 consecutive quarters — an improving trend.

Price Ratios

P/E, P/S, P/B, EV/EBITDA, FCF yield, and earnings yield

P/E Ratio: 17.3x
P/S Ratio: 1.6x
P/B Ratio: 2.0x

At 17.3x P/E, the stock trades within typical market levels. P/S of 1.6x and P/B of 2.0x provide additional context. Use the growth and margin sections to judge whether the multiple is justified. Across the last 8 quarters, P/E has fallen for 2 consecutive quarters — an improving trend.

Assets & Liabilities

Total assets, cash, debt, book value, and leverage

Total Assets: $10.98B
Cash: $160.74M
Long-Term Debt: $3.85B
Book Value: $5.25B
D/E Ratio: 0.7
Debt/EBITDA: 5.6

With $10.98B in assets and $3.85B in long-term debt, D/E is 0.7and book value is $5.25B — a conservative capital structure with a cushion to weather downturns. Over the past year, debt/equity is down 14% — an improving trend.

Cash Flow

Operating cash flow, free cash flow, FCF margin, and earnings quality

Op. Cash Flow: $533.50M
TTM Free Cash Flow: $970.93M
FCF Margin: 14.8%
FCF / Net Income: 1.6

TTM FCF of $970.93M on $533.50M in operating cash flow. The FCF / Net Income ratio of 1.6x means free cash flow covers net income — earnings are backed by cash. Over the past year, free cash flow is up 98% — an improving trend.