DARLING INGREDIENTS INC.
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Income Statement
| Metric | FY 2025 | FY 2024 | YoY |
|---|---|---|---|
| Revenue | 6,135,877 | 5,715,175 | +7.4% |
Show Product Lines breakouts |
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| Bakery [Member] | 195,444 | 190,462 | +2.6% |
| Bakery [Member] · Feed Ingredients | 195,444 | 190,462 | +2.6% |
| Bioenergy [Member] | 600,759 | 550,465 | +9.1% |
| Bioenergy [Member] · Fuel Ingredients | 600,759 | 550,465 | +9.1% |
| Fats [Member] | 1,779,595 | 1,464,012 | +21.6% |
| Fats [Member] · Feed Ingredients | 1,596,050 | 1,303,828 | +22.4% |
| Fats [Member] · Food Ingredients | 183,545 | 160,184 | +14.6% |
| Food Ingredients, Products and Services [Member] | 1,253,900 | 1,232,521 | +1.7% |
| Food Ingredients, Products and Services [Member] · Food Ingredients | 1,253,900 | 1,232,521 | +1.7% |
| Other Rendering [Member] | 295,700 | 293,648 | +0.7% |
| Other Rendering [Member] · Feed Ingredients | 295,700 | 293,648 | +0.7% |
| Other, Products And Services [Member] | 155,590 | 148,177 | +5.0% |
| Other, Products And Services [Member] · Feed Ingredients | 48,005 | 51,781 | -7.3% |
| Other, Products And Services [Member] · Food Ingredients | 107,585 | 96,396 | +11.6% |
| Proteins [Member] | 1,409,395 | 1,484,581 | -5.1% |
| Proteins [Member] · Feed Ingredients | 1,409,395 | 1,484,581 | -5.1% |
| Used Cooking Oil [Member] | 445,494 | 351,309 | +26.8% |
| Used Cooking Oil [Member] · Feed Ingredients | 445,494 | 351,309 | +26.8% |
Show Business Segments breakouts |
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| Feed Ingredients | 3,990,088 | 3,675,609 | +8.6% |
| Feed Ingredients · CN | 32,899 | 28,409 | +15.8% |
| Feed Ingredients · Europe | 457,336 | 414,839 | +10.2% |
| Feed Ingredients · North America | 3,039,422 | 2,847,178 | +6.8% |
| Feed Ingredients · Operating Segments | 3,990,088 | 3,675,609 | +8.6% |
| Feed Ingredients · Other Geographical Areas [Member] | 15,299 | 15,424 | -0.8% |
| Feed Ingredients · South America | 445,132 | 369,759 | +20.4% |
| Food Ingredients | 1,545,030 | 1,489,101 | +3.8% |
| Food Ingredients · CN | 228,534 | 238,059 | -4.0% |
| Food Ingredients · Europe | 728,393 | 661,756 | +10.1% |
| Food Ingredients · North America | 416,203 | 402,693 | +3.4% |
| Food Ingredients · Operating Segments | 1,545,030 | 1,489,101 | +3.8% |
| Food Ingredients · Other Geographical Areas [Member] | 46,141 | 51,836 | -11.0% |
| Food Ingredients · South America | 125,759 | 134,757 | -6.7% |
| Fuel Ingredients | 600,759 | 550,465 | +9.1% |
| Fuel Ingredients · Europe | 600,759 | 550,465 | +9.1% |
| Fuel Ingredients · Operating Segments | 600,759 | 550,465 | +9.1% |
Show Geography breakouts |
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| CN | 261,433 | 266,468 | -1.9% |
| Europe | 1,786,488 | 1,627,060 | +9.8% |
| North America | 3,455,625 | 3,249,871 | +6.3% |
| Other Geographical Areas [Member] | 61,440 | 67,260 | -8.7% |
| South America | 570,891 | 504,516 | +13.2% |
Show Equity Components breakouts |
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| Accumulated Gain Loss Net Cash Flow Hedge Parent · Foreign Exchange Contract | 1,322 | -980 | +234.9% |
Show Equity Method Investment Nonconsolidated Investee breakouts |
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| Equity Method Investment Nonconsolidated Investee Or Group Of Investees | 4,596,830 | 5,065,592 | -9.3% |
Show Related Party Transactions By Related Party breakouts |
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| Diamond Green Diesel Holdings LLC Joint Venture [Member] | 1.2 | 1 | +20.0% |
| Nonrelated Party | 4,938,147 | 4,746,292 | +4.0% |
| Related Party | 1,197,730 | 968,883 | +23.6% |
| Cost of Revenue | 4,662,419 | 4,437,337 | +5.1% |
Show Business Segments breakouts |
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| Feed Ingredients · Operating Segments | 3,066,243 | 2,886,125 | +6.2% |
| Food Ingredients · Operating Segments | 1,116,978 | 1,115,348 | +0.1% |
| Fuel Ingredients · Operating Segments | 479,198 | 435,864 | +9.9% |
Show Equity Components breakouts |
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| Accumulated Gain Loss Net Cash Flow Hedge Parent · Corn Option [Member] | -385 | 947 | -140.7% |
Show Equity Method Investment Nonconsolidated Investee breakouts |
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| Equity Method Investment Nonconsolidated Investee Or Group Of Investees | 4,500,398 | 4,309,768 | +4.4% |
| Gain Loss On Disposition Of Assets1 | -340 | -4,157 | +91.8% |
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| Feed Ingredients · Operating Segments | 879 | -669 | +231.4% |
| Food Ingredients · Operating Segments | -685 | -1,758 | +61.0% |
| Fuel Ingredients · Operating Segments | -534 | -1,730 | +69.1% |
| Selling, General & Administrative | 551,158 | 492,105 | +12.0% |
Show Business Segments breakouts |
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| Feed Ingredients · Operating Segments | 309,112 | 279,095 | +10.8% |
| Food Ingredients · Operating Segments | 133,809 | 119,604 | +11.9% |
| Fuel Ingredients · Operating Segments | 33,615 | 32,370 | +3.8% |
Show Consolidation Items breakouts |
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| Corporate Non Segment | 74,622 | 61,036 | +22.3% |
| Restructuring Costs And Asset Impairment Charges | 57,960 | 5,794 | +900.3% |
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| Feed Ingredients · Operating Segments | 32,120 | 3,671 | +775.0% |
| Food Ingredients · Operating Segments | 25,840 | 2,123 | +1117.1% |
| Depreciation And Amortization | 508,504 | 503,825 | +0.9% |
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| Feed Ingredients · Operating Segments | 348,502 | 350,141 | -0.5% |
| Food Ingredients · Operating Segments | 117,298 | 109,102 | +7.5% |
| Fuel Ingredients · Operating Segments | 36,355 | 35,876 | +1.3% |
Show Consolidation Items breakouts |
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| Corporate Non Segment | 6,349 | 8,706 | -27.1% |
| Business Combination Integration Related Costs | 15,942 | 7,842 | +103.3% |
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| Corporate Non Segment | 15,942 | 7,842 | +103.3% |
| Business Combination Contingent Consideration Arrangements Change In Amount Of Contingent Consideration Liability1 | 18,024 | -46,706 | +138.6% |
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| Feed Ingredients · Operating Segments | 18,024 | -46,706 | +138.6% |
| Total Costs & Expenses | 5,813,667 | 5,396,040 | +7.7% |
Show Equity Method Investment Nonconsolidated Investee breakouts |
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| Equity Method Investment Nonconsolidated Investee Or Group Of Investees | -30,370 | 314,898 | -109.6% |
| Equity In Income Lossfrom Subsidiarybefore Tax | -48,770 | 149,082 | -132.7% |
Show Business Segments breakouts |
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| Fuel Ingredients · Operating Segments | -48,770 | 149,082 | -132.7% |
| Operating Income | 273,440 | 468,217 | -41.6% |
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| Feed Ingredients · Operating Segments | 215,208 | 203,952 | +5.5% |
| Food Ingredients · Operating Segments | 151,790 | 144,682 | +4.9% |
| Fuel Ingredients · Operating Segments | 3,355 | 197,167 | -98.3% |
Show Consolidation Items breakouts |
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| Corporate Non Segment | -96,913 | -77,584 | -24.9% |
| Interest Expense | -222,279 | -253,858 | +12.4% |
| Gains Losses On Extinguishment Of Debt | -2,978 | — | — |
| Foreign Currency Transaction Gain Loss Before Tax | -384 | -1,154 | +66.7% |
| Other Non-Operating Income (Expense) | 468 | 22,309 | -97.9% |
| Non-Operating Income (Expense) | -225,173 | -232,703 | +3.2% |
| Income Loss From Equity Method Investments | 12,759 | 11,994 | +6.4% |
Show Business Segments breakouts |
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| Feed Ingredients · Operating Segments | 12,759 | 11,994 | +6.4% |
Show Schedule Of Equity Method Investment Equity Method Investee Name breakouts |
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| Diamond Green Diesel Holdings LLC Joint Venture [Member] | -48.8 | 149.1 | -132.7% |
| Income Before Taxes | 61,026 | 247,508 | -75.3% |
Show Equity Method Investment Nonconsolidated Investee breakouts |
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| Equity Method Investment Nonconsolidated Investee Or Group Of Investees | -67,389 | 298,339 | -122.6% |
| Income Tax Expense (Benefit) | -9,359 | -38,337 | +75.6% |
Show Equity Components breakouts |
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| Accumulated Defined Benefit Plans Adjustment · Reclassification Out Of Accumulated Other Comprehensive Income | -1,515 | -326 | -364.7% |
| Accumulated Gain Loss Net Cash Flow Hedge Parent · Reclassification Out Of Accumulated Other Comprehensive Income | -2,934 | 11,894 | -124.7% |
Show Equity Method Investment Nonconsolidated Investee breakouts |
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| Equity Method Investment Nonconsolidated Investee Or Group Of Investees | 1,066 | 175 | +509.1% |
| Net Income | 70,385 | 285,845 | -75.4% |
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| Noncontrolling Interest | 7,581 | 6,965 | +8.8% |
| Parent | 62,804 | 278,880 | -77.5% |
| Retained Earnings | 62,804 | 278,880 | -77.5% |
Show Derivative Instruments Gain Loss By Hedging Relationship breakouts |
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| Cash Flow Hedging | 4.1 | — | — |
Show Equity Method Investment Nonconsolidated Investee breakouts |
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| Equity Method Investment Nonconsolidated Investee Or Group Of Investees | -68,455 | 298,164 | -123.0% |
| Net Income Loss Attributable To Noncontrolling Interest | -7,581 | -6,965 | -8.8% |
| Net Income | 62,804 | 278,880 | -77.5% |
Show Equity Components breakouts |
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| Accumulated Defined Benefit Plans Adjustment · Reclassification Out Of Accumulated Other Comprehensive Income | -4,741 | -1,054 | -349.8% |
| Accumulated Gain Loss Net Cash Flow Hedge Parent · Reclassification Out Of Accumulated Other Comprehensive Income | -9,679 | 37,440 | -125.9% |
Show Reclassification Out Of Accumulated Other Comprehensive Income breakouts |
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| Reclassification Out Of Accumulated Other Comprehensive Income | -14,420 | 36,386 | -139.6% |
| EPS (Basic) | 0.4 | 1.75 | -77.1% |
| EPS (Diluted) | 0.39 | 1.73 | -77.5% |
| Gross Profit | 1,473,458 | 1,277,838 | +15.3% |
Show Business Segments breakouts |
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| Feed Ingredients · Operating Segments | 923,845 | 789,484 | +17.0% |
| Food Ingredients · Operating Segments | 428,052 | 373,753 | +14.5% |
| Fuel Ingredients · Operating Segments | 121,561 | 114,601 | +6.1% |
| Comprehensive Income | 407,856 | -207,015 | +297.0% |
| Other Comprehensive Income | 340,644 | -483,888 | +170.4% |
| Wtd Avg Shares (Basic) | 158,479 | 159,513 | -0.6% |
| Wtd Avg Shares (Diluted) | 160,157 | 161,418 | -0.8% |
| Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments (FY) | — | — | — |
Show Equity Components breakouts |
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| Accumulated Defined Benefit Plans Adjustment · Reclassification Out Of Accumulated Other Comprehensive Income | -6,256 | -1,380 | -353.3% |
| Accumulated Gain Loss Net Cash Flow Hedge Parent · Reclassification Out Of Accumulated Other Comprehensive Income | -12,613 | 49,334 | -125.6% |
| Net Income Loss Available To Common Stockholders Basic | 62,804 | 278,880 | -77.5% |
Balance Sheet
| Metric | FY 2025 | FY 2024 | YoY |
|---|---|---|---|
| Current Assets | |||
| Cash & Cash Equivalents | 88,671 | 75,973 | +16.7% |
| Restricted Cash And Cash Equivalents At Carrying Value | 16,686 | 37,579 | -55.6% |
| Accounts Receivable (Q) | — | — | — |
Show Related Party Transactions By Related Party breakouts |
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| Diamond Green Diesel Holdings LLC Joint Venture [Member] | 33.7 | 9.5 | +254.7% |
| Nonrelated Party | 609,492 | 581,108 | +4.9% |
| Related Party | 33,713 | 9,476 | +255.8% |
| Inventory | 527,738 | 576,837 | -8.5% |
| Prepaid Expense Current | 85,179 | 81,286 | +4.8% |
| Income Taxes Receivable | 8,281 | 35,063 | -76.4% |
| Assets Of Disposal Group Including Discontinued Operation | 143,479 | — | — |
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| Disposal Group Heldforsale Not Discontinued Operations | 143,479 | — | — |
| Other Assets Current | 40,127 | 42,114 | -4.7% |
| Total Current Assets | 1,553,366 | 1,439,436 | +7.9% |
| Non-Current Assets | |||
| Property, Plant & Equipment | 2,796,139 | 2,713,669 | +3.0% |
| Goodwill | 2,459,031 | 2,322,593 | +5.9% |
Show Business Segments breakouts |
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| Feed Ingredients | 1,489,306 | 1,437,763 | +3.6% |
| Food Ingredients | 842,262 | 771,828 | +9.1% |
| Fuel Ingredients | 127,463 | 113,002 | +12.8% |
| Operating Lease Right-of-Use Assets | 223,705 | 210,692 | +6.2% |
| Other Non-Current Assets | 190,175 | 199,594 | -4.7% |
| Deferred Tax Assets | 24,536 | 22,368 | +9.7% |
| Total Assets | 10,298,782 | 10,070,473 | +2.3% |
| Other Assets | |||
| Intangible Assets Net Excluding Goodwill | 845,003 | 898,412 | -5.9% |
| Equity Method Investments | 2,206,827 | 2,263,709 | -2.5% |
Show Schedule Of Equity Method Investment Equity Method Investee Name breakouts |
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| Diamond Green Diesel Holdings LLC Joint Venture [Member] | 2.1 | — | — |
| Current Liabilities | |||
| Long Term Debt And Capital Lease Obligations Current | 75,217 | 133,020 | -43.5% |
| Accounts Payable Trade Current | 371,084 | 348,705 | +6.4% |
| Accrued Income Taxes Current | 16,018 | 9,723 | +64.7% |
| Operating Lease Liability Current | 61,745 | 62,761 | -1.6% |
| Liabilities Of Disposal Group Including Discontinued Operation | 25,085 | — | — |
Show Disposal Group Classification breakouts |
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| Disposal Group Heldforsale Not Discontinued Operations | 25,085 | — | — |
| Accrued Liabilities | 485,498 | 489,295 | -0.8% |
| Total Current Liabilities | 1,034,647 | 1,043,504 | -0.8% |
| Non-Current Liabilities | |||
| Operating Lease Liabilities | 162,362 | 152,327 | +6.6% |
| Other Non-Current Liabilities | 189,454 | 208,350 | -9.1% |
| Deferred Tax Liabilities | 240,561 | 293,022 | -17.9% |
| Total Liabilities | 5,489,267 | 5,606,181 | -2.1% |
| Long-Term Debt (Q) | — | — | — |
Show Debt Instrument breakouts |
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| Bank Overdrafts · Notes Payable Other Payables | 52.6 | — | — |
| Other Debt Securities · BRL | 6.6 | — | — |
| Other Debt Securities · Notes Payable Other Payables | 5.8 | — | — |
| Senior Notes 4.5% Due 2032 · Senior Notes | 871,469 | — | — |
| Senior Notes 5.25% Due 2027 · Senior Notes | 498,655 | 497,678 | +0.2% |
| Senior Notes 6% Due 2030 · Senior Notes | 995,275 | 994,395 | +0.1% |
| Senior Secured Facilities [Member] · Revolving Credit Facility | 601,150 | 267,000 | +125.1% |
| Senior Secured Facilities [Member] · Term A Facility | 891,654 | — | — |
Show Long-Term Debt Type breakouts |
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| Notes Payable Other Payables | 79,257 | 101,958 | -22.3% |
| Other Liabilities | |||
| Long Term Debt And Capital Lease Obligations | 3,862,243 | 3,908,978 | -1.2% |
| Minority Interest | 72,604 | 86,482 | -16.0% |
| Stockholders' Equity | |||
| Common Stock | 1,756 | 1,750 | +0.3% |
| Additional Paid-In Capital | 1,718,686 | 1,720,877 | -0.1% |
| Treasury Stock Value | -719,280 | -672,710 | -6.9% |
| Accumulated Other Comprehensive Income | -339,189 | -684,241 | +50.4% |
| Retained Earnings | 4,074,938 | 4,012,134 | +1.6% |
| Total Stockholders' Equity | 4,736,911 | 4,377,810 | +8.2% |
| Stockholders Equity Including Portion Attributable To Noncontrolling Interest | 4,809,515 | 4,464,292 | +7.7% |
Show Equity Components breakouts |
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| Accumulated Defined Benefit Plans Adjustment | -2,287 | -11,589 | +80.3% |
| Accumulated Gain Loss Net Cash Flow Hedge Parent | 15,184 | -23,825 | +163.7% |
| Accumulated Other Comprehensive Income | -339,189 | -684,241 | +50.4% |
| Accumulated Translation Adjustment | -352,086 | -648,827 | +45.7% |
| Additional Paid In Capital | 1,718,686 | 1,720,877 | -0.1% |
| Common Stock | 1,756 | 1,750 | +0.3% |
| Noncontrolling Interest | 72,604 | 86,482 | -16.0% |
| Parent | 4,736,911 | 4,377,810 | +8.2% |
| Retained Earnings | 4,074,938 | 4,012,134 | +1.6% |
| Treasury Stock Common | -719,280 | -672,710 | -6.9% |
| Total Liabilities & Equity | 10,298,782 | 10,070,473 | +2.3% |
Cash Flow Statement
| Metric | FY 2025 | FY 2024 | YoY |
|---|---|---|---|
| Operating Activities | |||
| Increase Decrease In Deferred Income Taxes | -79,066 | -186,390 | +57.6% |
| Gain Loss On Sale Of Property Plant Equipment | -340 | -4,157 | +91.8% |
| Asset Impairment Charges | 57,797 | — | — |
Show Business Segments breakouts |
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| Feed Ingredients | 30 | — | — |
| Feed Ingredients · Strategic Realignment | 32 | — | — |
| Food Ingredients | 8.6 | — | — |
| Food Ingredients · Disposal Group Heldforsale Not Discontinued Operations | 25.8 | — | — |
Show Disposal Group Classification breakouts |
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| Disposal Group Heldforsale Not Discontinued Operations | 28.2 | — | — |
| Increase Decrease In Long Term Pension Liability | 3,487 | 200 | +1643.5% |
| Stock-Based Compensation | 21,795 | 20,918 | +4.2% |
| Gains Losses On Extinguishment Of Debt Before Write Off Of Deferred Debt Issuance Cost | 2,978 | — | — |
| Amortization of Financing Costs | 5,504 | 5,620 | -2.1% |
| Equity In Results Of Operations From Other Unconsolidated Subsidiaries Before Tax | 36,011 | -161,076 | +122.4% |
| Equity Method Investment Dividends Or Distributions | 371,767 | 184,915 | +101.0% |
Show Schedule Of Equity Method Investment Equity Method Investee Name breakouts |
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| Diamond Green Diesel Holdings LLC Joint Venture [Member] | 367.7 | 179.8 | +104.5% |
| Change in Accounts Receivable | -50,085 | 179,835 | -127.9% |
| Increase Decrease In Income Taxes Receivable | 33,443 | -17,340 | +292.9% |
| Increase Decreasein Inventoriesand Prepaid Expenses | 23,998 | 163,783 | -85.3% |
| Increase Decrease In Accounts Payable And Accrued Liabilities | 27,367 | -17,881 | +253.1% |
| Increase Decrease In Other Operating Capital Net | 8,150 | -53,081 | +115.4% |
| Net Cash from Operations | 1,059,719 | 839,289 | +26.3% |
| Depreciation & Amortization (FY) | — | — | — |
Show Equity Method Investment Nonconsolidated Investee breakouts |
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| Equity Method Investment Nonconsolidated Investee Or Group Of Investees | 266,887 | 264,992 | +0.7% |
| Deferred Income Taxes | -103,175 | -122,284 | +15.6% |
| Investing Activities | |||
| Capital Expenditures | -380,477 | -332,465 | -14.4% |
| Payments To Acquire Equity Method Investments | -328,228 | -90,000 | -264.7% |
| Payments To Acquire Loans Receivable | -25,000 | -100,000 | +75.0% |
| Proceeds From Collection Of Loans Receivable | 25,000 | 100,000 | -75.0% |
| Gross Proceeds From Disposal Of Property Plant And Equipment And Other Assets | 12,242 | 21,301 | -42.5% |
| Proceeds From Insurance Settlement Investing Activities | 15,028 | 19,021 | -21.0% |
| Payments To Acquire Intangible Assets | -12 | -16 | +25.0% |
| Net Cash from Investing | -681,447 | -498,898 | -36.6% |
| Financing Activities | |||
| Proceeds From Issuance Of Long Term Debt | 1,102,242 | 5,929 | +18490.7% |
| Repayments Of Long Term Debt | -1,611,388 | -52,238 | -2984.7% |
| Proceeds From Revolving Credit Facility | 1,954,403 | 1,437,501 | +36.0% |
| Repayments Of Revolving Credit Facility | -1,621,852 | -1,779,455 | +8.9% |
| Proceeds From Repayments Of Bank Overdrafts | -4,068 | 41,454 | -109.8% |
| Payment For Acquisition Hold Back Financing Activities | -39,668 | -157 | -25166.2% |
| Payment For Contingent Consideration Liability Financing Activities | -52,693 | — | — |
| Debt Issuance Costs | -18,329 | — | — |
| Proceeds From Issuance Of Common Stock | 413 | 447 | -7.6% |
| Share Repurchases | -34,668 | -34,272 | -1.2% |
| Minimum Withholding Taxes Paid On Stock Awards | -6,910 | -7,987 | +13.5% |
| Proceeds From Minority Shareholders | 3,249 | — | — |
| Payments For Acquisition Of Noncontrolling Interest | -42,086 | — | — |
| Payments To Minority Shareholders | -5,371 | -10,785 | +50.2% |
| Net Cash from Financing | -376,726 | -399,563 | +5.7% |
| Supplemental | |||
| Income Taxes Paid | 58,425 | 102.7 | +56789.0% |
| Interest Paid | 202,957 | 243,679 | -16.7% |
| Other Cash Flow | |||
| Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents | -15,315 | 12,029 | -227.3% |
| Net Change in Cash | -13,769 | -47,143 | +70.8% |
| Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents | 203,538 | 217,307 | -6.3% |
Values in thousands USD. Source: SEC EDGAR 10-K filing.