DARLING INGREDIENTS INC.
Business
Darling Ingredients Inc. is a global processor of animal by-products and recycled oils into sustainable ingredients for feed, food, pharmaceutical, pet food, fuel and industrial markets. The company collects and transforms slaughterhouse residuals and used cooking oil into collagen, proteins, meals, fats, casings and biofuel feedstocks. Operations span five continents with three core segments: Feed Ingredients, Food Ingredients and Fuel Ingredients, serving feed mills, pet food manufacturers, food processors and biofuel producers through direct sales and commodity trading.
Summary from 10-K filed 2026-03-03
Financials
Consolidated Statement of Income
| Concept | Trend | FY 2025 2025-12-31 | FY 2024 2024-12-31 | FY 2023 2023-12-31 | FY 2022 2022-12-31 | FY 2021 2021-12-31 |
|---|---|---|---|---|---|---|
| Total net sales | 6,136 | 5,715 | 6,788 | 6,532 | 4,741 | |
| Cost of sales and operating expenses | 4,662 | 4,437 | 5,143 | 5,003 | 3,499 | |
| Gain on sale of assets | −340,000 | −4 | −7 | −4 | −958,000 | |
| Selling, general and administrative expenses | 551 | 492 | 543 | 437 | 392 | |
| Restructuring and asset impairment charges | 58 | 6 | 19 | 30 | 800,000 | |
| Depreciation and amortization | 509 | 504 | 502 | 395 | 316 | |
| Acquisition and integration costs | 16 | 8 | 14 | 16 | 1 | |
| Change in fair value of contingent consideration | 18 | −47 | −8 | 0 | 0 | |
| Total costs and expenses | 5,814 | 5,396 | 6,205 | 5,875 | 4,209 | |
| Equity in net income of Diamond Green Diesel | −49 | 149 | 366 | 372 | 352 | |
| Operating income | 273 | 468 | 950 | 1,029 | 884 | |
| Interest expense | −222 | −254 | −259 | −126 | — | |
| Loss on early retirement of debt | −3 | 0 | 0 | — | 0 | |
| Foreign currency gain/(loss) | −384,000 | −1 | 8 | −11 | −2 | |
| Other income, net | 468,000 | 22 | 16 | −4 | −5 | |
| Total other expense | −225 | −233 | −235 | −140 | −69 | |
| Equity in net income of other unconsolidated subsidiaries | 13 | 12 | 5 | 5 | 6 | |
| Income before income taxes | 61 | 248 | 720 | 894 | 821 | |
| Income tax expense/(benefit) | −9 | −38 | 60 | 147 | 164 | |
| Net income | 70 | 286 | 660 | 747 | 657 | |
| Net income attributable to noncontrolling interests | −8 | −7 | −13 | −9 | −6 | |
| Net income attributable to Darling | 63 | 279 | 648 | 738 | 651 | |
| Basic (in dollars per share) | 0.4 | 1.75 | 4.05 | 4.58 | 4.01 | |
| Diluted (in dollars per share) | 0.39 | 1.73 | 3.99 | 4.49 | 3.9 |
Consolidated Balance Sheet
| Concept | Trend | FY 2025 2025-12-31 | FY 2024 2024-12-31 | FY 2023 2023-12-31 | FY 2022 2022-12-31 | FY 2021 2021-12-31 |
|---|---|---|---|---|---|---|
| Cash and cash equivalents | 89 | 76 | 127 | 127 | 69 | |
| Restricted cash | 17 | 38 | 292,000 | 315,000 | 166,000 | |
| Inventories | 528 | 577 | 759 | 674 | 457 | |
| Prepaid expenses | 85 | 81 | 106 | 86 | 54 | |
| Income taxes refundable | 8 | 35 | 24 | 19 | 1 | |
| Assets held for sale | 143 | 0 | — | — | — | |
| Other current assets | 40 | 42 | 43 | 56 | 39 | |
| Total current assets | 1,553 | 1,439 | 1,856 | 1,638 | 1,089 | |
| Property, plant and equipment, net | 2,796 | 2,714 | 2,935 | 2,462 | 1,840 | |
| Intangible assets, net | 845 | 898 | 1,076 | 865 | 398 | |
| Goodwill | 2,500 | 2,300 | 2,485 | 1,970 | 1,219 | |
| Investment in unconsolidated subsidiaries | 2,207 | 2,264 | 2,252 | 1,926 | 1,349 | |
| Operating right-of-use assets, net | 224 | 211 | 206 | 186 | 155 | |
| Other assets | 190 | 200 | 235 | 136 | 67 | |
| Deferred income taxes | 25 | 22 | 18 | 18 | 16 | |
| Total assets | 10,299 | 10,070 | 11,061 | 9,202 | 6,134 | |
| Current portion of long-term debt | 75 | 133 | 61 | 70 | 24 | |
| Accounts payable, principally trade | 371 | 349 | 426 | 472 | 307 | |
| Income taxes payable | 16 | 10 | 16 | 45 | 32 | |
| Operating lease liability, current | 62 | 63 | 55 | 49 | 38 | |
| Liabilities to be disposed of | 25 | 0 | — | — | — | |
| Accrued expenses | 485 | 489 | 441 | 432 | 351 | |
| Total current liabilities | 1,035 | 1,044 | 998 | 1,068 | 753 | |
| Long-term debt, net of current portion | 3,862 | 3,909 | 4,366 | 3,315 | 1,439 | |
| Operating lease liability, non-current | 162 | 152 | 155 | 142 | 120 | |
| Other noncurrent liabilities | 189 | 208 | 350 | 299 | 111 | |
| Deferred income taxes | 241 | 293 | 498 | 482 | 363 | |
| Total liabilities | 5,489 | 5,606 | 6,367 | 5,306 | 2,786 | |
| Commitments and contingencies | — | — | — | — | — | |
| Common stock, $0.01 par value; 250,000,000 shares authorized, 175,643,373 and 174,965,834 shares issued at January 3, 2026 and December 28, 2024, respectively | 2 | 2 | 2 | 2 | 2 | |
| Additional paid-in capital | 1,719 | 1,721 | 1,698 | 1,660 | 1,628 | |
| Treasury stock, at cost; 17,450,028 and 16,068,364 shares at January 3, 2026 and December 28, 2024, respectively | −719 | −673 | −629 | −554 | −375 | |
| Accumulated other comprehensive loss | −339 | −684 | −198 | −384 | −322 | |
| Retained earnings | 4,075 | 4,012 | 3,733 | 3,086 | 2,348 | |
| Total Darling's stockholders equity | 4,737 | 4,378 | 4,605 | 3,809 | 3,281 | |
| Noncontrolling interests | 73 | 86 | 88 | 87 | 67 | |
| Total stockholders equity | 4,810 | 4,464 | 4,694 | 3,896 | 3,348 | |
| Total liabilities and stockholders' equity | 10,299 | 10,070 | 11,061 | 9,202 | 6,134 |
Consolidated Statement of Cash Flows
| Concept | Trend | FY 2025 2025-12-31 | FY 2024 2024-12-31 | FY 2023 2023-12-31 | FY 2022 2022-12-31 | FY 2021 2021-12-31 |
|---|---|---|---|---|---|---|
| Deferred income taxes | −79 | −186 | −22 | 47 | 97 | |
| Gain on sale of assets | −340,000 | −4 | −7 | −4 | −958,000 | |
| Asset impairment charges | 58 | 0 | 5 | 30 | 138,000 | |
| Gain on insurance proceeds from insurance settlement | 0 | −19 | −14 | 0 | — | |
| Increase/(decrease) in long-term pension liability | 3 | 200,000 | −1 | −7 | −5 | |
| Stock-based compensation expense | 22 | 21 | 33 | 25 | 22 | |
| Loss on early retirement of debt | 3 | 0 | 0 | — | 0 | |
| Write-off deferred loan costs | 0 | 0 | 653,000 | 0 | 1 | |
| Deferred loan cost amortization | 6 | 6 | 6 | 5 | 4 | |
| Equity in net (income)/loss of Diamond Green Diesel and other unconsolidated subsidiaries | 36 | −161 | −371 | −377 | −357 | |
| Distributions of earnings from Diamond Green Diesel and other unconsolidated subsidiaries | 372 | 185 | 168 | 96 | 5 | |
| Accounts receivable | −50 | 180 | −11 | −57 | −80 | |
| Income taxes refundable/payable | 33 | −17 | −40 | −3 | 19 | |
| Inventories and prepaid expenses | 24 | 164 | 50 | −130 | −73 | |
| Accounts payable and accrued expenses | 27 | −18 | −83 | 66 | 85 | |
| Other | 8 | −53 | 32 | −17 | 15 | |
| Net cash provided by operating activities | 1,060 | 839 | 899 | 814 | 704 | |
| Capital expenditures | −380 | −332 | −555 | −391 | −274 | |
| Acquisitions, net of cash acquired | 0 | −117 | −1,093 | −1,772 | −2 | |
| Investment in Diamond Green Diesel | −328 | −90 | −75 | −265 | −189 | |
| Investment in other unconsolidated subsidiaries | 0 | −27,000 | −27,000 | 0 | −4 | |
| Loan to Diamond Green Diesel | −25 | −100 | 0 | −50 | −25 | |
| Loan repayment from Diamond Green Diesel | 25 | 100 | 25 | 50 | 0 | |
| Gross proceeds from sale of property, plant and equipment and other assets | 12 | 21 | 11 | 13 | 5 | |
| Proceeds from insurance settlement | 15 | 19 | 14 | 0 | 0 | |
| Payments related to routes and other intangibles | −12,000 | −16,000 | −2 | −1 | −274,000 | |
| Net cash used in investing activities | −681 | −499 | −1,675 | −2,417 | −490 | |
| Proceeds from long-term debt | 1,102 | 6 | 817 | 1,935 | 44 | |
| Payments on long-term debt | −1,611 | −52 | −319 | −63 | −142 | |
| Borrowings from revolving credit facility | 1,954 | 1,438 | 2,666 | 1,874 | 621 | |
| Payments on revolving credit facility | −1,622 | −1,779 | −2,195 | −1,897 | −515 | |
| Net cash overdraft financing | −4 | 41 | −10 | 24 | −4 | |
| Acquisition hold-back payments | −40 | −157,000 | −4 | — | — | |
| Contingent consideration payments | −53 | 0 | 0 | 0 | 0 | |
| Deferred loan costs | −18 | 0 | −9,000 | −17 | −4 | |
| Issuance of common stock | 413,000 | 447,000 | 0 | 0 | 50,000 | |
| Repurchase of common stock | −35 | −34 | −53 | −126 | −168 | |
| Minimum withholding taxes paid on stock awards | −7 | −8 | −17 | −47 | −47 | |
| Sale of noncontrolling interest in subsidiary | 3 | 0 | 0 | — | — | |
| Acquisition of noncontrolling interest | −42 | 0 | 0 | 0 | 0 | |
| Distributions to noncontrolling interests | −5 | −11 | −9 | −5 | −6 | |
| Net cash provided/(used) in financing activities | −377 | −400 | 876 | 1,679 | −221 | |
| Effect of exchange rate changes on cash flows | −15 | 12 | 14 | 5 | −5 | |
| Net increase/(decrease) in cash, cash equivalents and restricted cash | −14 | −47 | 114 | 81 | −13 |
Filings
Material Events
Insiders
Institutional Holders
Frequently asked questions
What is DARLING INGREDIENTS INC.'s CIK number?
DARLING INGREDIENTS INC.'s SEC CIK number is 0000916540 (916540). The CIK (Central Index Key) is the permanent identifier the SEC assigns to every EDGAR filer — unlike a ticker symbol, it never changes.
Where can I find DARLING INGREDIENTS INC.'s SEC filings?
All of DARLING INGREDIENTS INC.'s EDGAR filings — 10-K annual reports, 10-Q quarterly reports, 8-K material events, and insider transactions — are listed on this page, sourced live from SEC EDGAR.
When did DARLING INGREDIENTS INC. last report earnings?
DARLING INGREDIENTS INC. (DAR) most recently filed an earnings 8-K with the SEC on Apr 30, 2026, furnishing its results under Item 2.02 (Results of Operations and Financial Condition). The earnings press release is attached to that filing (accession 0000916540-26-000011). This is DARLING INGREDIENTS INC.'s most recent earnings filing of record — not a forecast of its next earnings date.
What is DARLING INGREDIENTS INC.'s most recent earnings 8-K?
DARLING INGREDIENTS INC.'s latest earnings 8-K (Item 2.02) was filed Apr 30, 2026 under accession 0000916540-26-000011. It carries the quarterly or annual earnings press release — the earliest official, SEC-filed version of the results.
View DARLING INGREDIENTS INC.'s latest earnings 8-K →
Look up any company's CIK number →