Darling Ingredients
Transforms animal and food-industry residuals into feed, food, and renewable-fuel ingredients.
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Profile
Collects animal-agriculture and food-industry residuals, transforms them into feed proteins and fats, collagen and gelatin, and renewable-fuel inputs, and sells them through Feed, Food, and Fuel Ingredients. A global processing network links Rousselot with the Diamond Green Diesel joint venture.
Collects animal-agriculture and food-industry residuals, then processes them through Feed Ingredients, Food Ingredients, and Fuel Ingredients. Outputs include proteins and fats for animal feed, gelatin and collagen for human nutrition, and feedstocks or finished renewable fuels.
An acquisition-built network spans North America, Europe, South America, and other markets, linking collection routes with processing plants and specialty technologies. Rousselot anchors collagen and gelatin, while the Diamond Green Diesel joint venture with Valero converts fats and used cooking oil into renewable diesel and sustainable aviation fuel.
Results depend on feedstock availability and pricing, animal-fat and used-cooking-oil markets, plant operations, and renewable-fuel standards, mandates, and tax credits. The proposed combination of Rousselot with PB Leiner remains subject to regulatory approval.
Company facts
Categories
Key statistics
Year to date +70.9% · Average volume (30d) 2.4M
Analysts
Ratings
Target range
Latest analyst notes
| Date | Firm | Action | Rating | Prior target | Target |
|---|---|---|---|---|---|
| Aug 3, 2026 | Barclays | Target | $62 | $65 | |
| Jul 2, 2026 | Barclays | Target | $58 | $62 | |
| Jun 22, 2026 | Barclays | Initiate | Negative | $58 | |
| May 4, 2026 | Jefferies | Target | $73 | $75 | |
| Apr 21, 2026 | Stephens | Target | $95 | $70 |
Earnings
EPS
Revenue
History
| Report date | EPS est | EPS | Surprise | Revenue est | Revenue | Surprise | Next session |
|---|---|---|---|---|---|---|---|
| Jul 30, 2026Q2 FY26 | $1.40 | $2.41 | +72.1% | $1.71B | $1.72B | +0.6% | +4.06% |
| Apr 30, 2026Q1 FY26 | $0.56 | $0.83 | +48.2% | $1.56B | $1.55B | −0.5% | −0.72% |
| Feb 11, 2026Q4 FY25 | $0.43 | $0.64 | +48.8% | $1.53B | $1.71B | +11.6% | +1.39% |
| Oct 23, 2025Q3 FY25 | $0.13 | $0.12 | −7.7% | $1.53B | $1.56B | +2.3% | −0.35% |
Financial highlights
| 12 quarters | Q1 FY25 | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | |
|---|---|---|---|---|---|---|---|
| Revenue | $1.38B | $1.48B | $1.56B | $1.72B | $1.55B | $1.72B | |
| Gross profit | $182.7M | $223.3M | $261.2M | $298.4M | $274.0M | $808.0M | |
| Operating income | $53.7M | $77.8M | $115.9M | $144.5M | $124.9M | $657.1M | |
| Net income | −$26.2M | $12.7M | $19.4M | $56.9M | $134.3M | $387.3M | |
| Diluted EPS | −$0.16 | $0.08 | $0.12 | $0.36 | $0.83 | $2.41 | |
| Gross margin | 13.3% | 15.1% | 16.7% | 17.4% | 17.7% | 46.9% | |
| Operating margin | 3.9% | 5.3% | 7.4% | 8.4% | 8.1% | 38.1% |
Fiscal years (4-quarter sums)FY21 $4.74B · FY22 $6.53B · FY23 $6.79B · FY24 $5.72B · FY25 $6.14B
Revenue by product · Q2 FY26
Revenue by geography · Q2 FY26
Balance sheet, Jul 4, 2026Cash & short-term investments $160.7M · Total debt $4.17B · Total assets $10.98B · Shareholders' equity $5.25B
Dividends
No dividends on record.
Ownership
A 13F quarter can total more than the shares outstanding — sub-advisers file the same block twice, and a filer's own share count can be a quarter stale. No split is drawn from it.
Shares outstanding 158.93M · Float 156.73M · 98.6% free float
Top shareholders13F · 13D/G · Form 4
| Holder | Shares | % outstanding | Form | Filed |
|---|---|---|---|---|
| BlackRock, Inc. | 15.59M | 9.81% | 13F | Aug 7, 2026 |
| Vanguard Portfolio Management | 8.39M | 5.28% | 13G | Jul 31, 2026 |
| Dimensional Fund Advisors LP | 8.22M | 5.17% | 13F | Aug 11, 2026 |
| Vanguard Capital Management LLC | 7.19M | 4.52% | 13F | Aug 13, 2026 |
| State Street Corp | 5.70M | 3.59% | 13F | Aug 7, 2026 |
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| Aug 17, 2026 | Sandra Dudley | officer: EVP Chief Strategy Officer | −6,474 | $67.87 |
| Aug 18, 2026 | Joseph Manzi | officer: Chief Accounting Officer | −1,000 | $67.27 |
| Aug 14, 2026 | Patrick McNutt | officer: EVP Chief Admin Officer | −8,000 | $67.09 |
| Aug 13, 2026 | Randall C. Stuewe | director, officer: Chairman and CEO | −5,000 | $64.79 |
| Aug 12, 2026 | Randall C. Stuewe | director, officer: Chairman and CEO | −5,000 | $63.26 |
Peers
- JBS
Integrated by-product rival spanning feed, collagen and biodiesel
- Tyson Foods
Rendering and animal-fat rival across feed and renewable-fuel inputs
- Phillips 66
Renewable-fuels rival using the same waste fats and used cooking oil
CompareAfter-hours close
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| Darling Ingredients | $64.10 | −0.33% | $10.22B | 17.3 | 10.6 | 1.6 | +16.4% |
| JBS | $13.48 | −0.74% | $30.14B | 11.4 | 15.8 | 0.4 | +9.1% |
| Tyson Foods | $55.46 | +0.09% | $19.64B | 34.0 | 12.6 | 0.4 | −0.1% |
| Phillips 66 | $244.72 | +0.27% | $97.83B | 13.9 | 8.8 | 0.6 | +55.9% |
| Median | 13.9 | 12.6 | 0.4 | +9.1% |