DAR
Darling Ingredients Inc.
DAR's fundamentals are mixed, but it looks cheap: trading at 11x earnings, below its usual 18x. Analysts expect strong earnings growth.
DAR Fundamentals
| Metric | Status |
|---|---|
| Healthy | |
| Strong | |
| Unavailable | |
| Healthy |
DAR's revenue, profitability and balance sheet are currently healthy. There isn't enough data to rate its cash flow.
DAR PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Forward | 8.1x | $55.36 | — |
| Current | 11x | $55.36 | — |
| Cheap | 12x | $62.50 | +13% |
| Fair | 18x | $96.25 | +74% |
| Expensive | 41x | $217 | +292% |
Historical ranges are pointers, not guarantees.
DAR's PE is in its cheap range at 11x. If earnings grow as analysts expect, today's price would be 8.1x next year's earnings.
DAR Forward outlook
| Metric | Outlook |
|---|---|
| Strongly improving | |
| Strong growth | |
| Growth | |
| Strongly improving | |
| Limited | |
| Moderate |
Analysts expect earnings and revenue growth for DAR, with profitability improving.
DAR Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $6.86 | +30% |
| Q3 2026 | $5.26 | +685% |
| Q2 2026 | $3.71 | +462% |
| Q1 2026 | $1.38 | +29% |
| Q4 2025 | $0.39 | -77% |
| Q3 2025 | $0.67 | -59% |
| Q2 2025 | $0.66 | -71% |
| Q1 2025 | $1.07 | -68% |
| Q4 2024 | $1.73 | -57% |
DAR's earnings per share have jumped to their highest in seven years: $5.26 over the past year, up from $0.67 the year before.
DAR Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $1.8B | +15% |
| Q2 2026 | $1.7B | +16% |
| Q1 2026 | $1.6B | +12% |
| Q4 2025 | $1.7B | +21% |
| Q3 2025 | $1.6B | +10% |
| Q2 2025 | $1.5B | +1.8% |
| Q1 2025 | $1.4B | -2.8% |
| Q4 2024 | $1.4B | -12% |
DAR's revenue has grown year over year for six quarters in a row: $1.8B last quarter, up 15% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 19% | +14 points |
| Q2 2026 | 32% | +27 points |
| Q1 2026 | 15% | +13 points |
| Q4 2025 | 5.7% | -2.9 points |
| Q3 2025 | 4.6% | +0.4 points |
| Q2 2025 | 5.1% | -5.1 points |
| Q1 2025 | 2.1% | -7.6 points |
| Q4 2024 | 8.6% | -1.2 points |
DAR's operating margin was 19% last quarter, up 14 points from the same quarter a year ago.
DAR Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | $461.3M | +106% |
| Q2 2026 | $533.5M | +266% |
| Q1 2026 | $153M | -39% |
| Q3 2025 | $224.3M | -18% |
| Q2 2025 | $145.8M | -0.5% |
| Q1 2025 | $249M | -5.7% |
| Q3 2024 | $274.5M | -0.8% |
| Q2 2024 | $146.5M | -33% |
DAR generated $1.4B in free cash flow over the past year, up 68% from the year before.
DAR Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | -0.3% | -493K shares |
| 1 year | +0.1% | +187K shares |
| 3 years | -1.4% | -2.3M shares |
| 5 years | -4% | -6.6M shares |
| Available history | -4.9% | -8.2M shares |
DAR has 160M diluted shares, about the same as a year ago.
| Quarter | Spent |
|---|---|
| Q3 2026 | $75.9M |
| Q2 2026 | $73.4M |
| Q1 2026 | — |
| Q4 2025 | — |
| Q3 2025 | — |
| Q2 2025 | — |
| Q1 2025 | $34.7M |
| Q4 2024 | $5.1M |
DAR spent $149M buying back its own shares over the past year, about four times what it spent the year before.
DAR Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2026 | 1.9x | Healthy |
| Q2 2026 | 2.6x | Moderate |
| Q1 2026 | 4.1x | High |
| Q4 2025 | 4.9x | High |
| Q3 2025 | 5.0x | High |
| Q2 2025 | 5.0x | High |
| Q1 2025 | 4.5x | High |
| Q4 2024 | 4.1x | High |
DAR's net debt is about 1.9 years of its operating earnings (EBITDA), down from 5.0 years a year ago.
DAR Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 45.5 | Neutral |
| Stochastic | 13.7 | Oversold |
DAR's weekly RSI is 45 (neutral) and its Stochastic is 14 (oversold).
DAR PE vs Consumer Defensive Sector
| Metric | DAR | Sector median | Relative |
|---|---|---|---|
| PE | 11x | 19x | 46% below |
| PE % | 8 | 18 | 10 pts below |
DAR is trading at 11x earnings, a 46% discount to the Consumer Defensive sector's median of 19x.
DAR Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $57.9 | 4.4% below |
| 20 week MA | $61.0 | 9.2% below |
| 50 week MA | $55.3 | 0% above |
| 100 week MA | $44.6 | 24% above |
| 200 week MA | $46.8 | 18% above |
DAR has slipped below its 8- and 20-week averages, though it's still 18% above its 200-week average.
DAR Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $28.0 | $56.1 | +100% |
| 2021 | $56.1 | $64.5 | +15% |
| 2022 | $64.5 | $61.7 | -4.4% |
| 2023 | $61.7 | $49.8 | -19% |
| 2024 | $49.8 | $33.5 | -33% |
| 2025 | $33.5 | $36.0 | +7.5% |
| 2026 YTD | $36.0 | $55.4 | +54% |
DAR is up 54% so far in 2026, after finishing lower in three of the previous six years.