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How Darling Ingredients (DAR) makes money

Darling Ingredients (DAR) made $1.8B of revenue in the third quarter 2026 (Q3 2026), up 25-fold from a year earlier. Of every dollar of revenue, 19¢ was left as operating profit, 15¢ was left as net earnings.

Drawing the Sankey…

Darling Ingredients: revenue by line, Q1 2025 to Q2 2026Darling Ingredients: revenue by line, Q1 2025 to Q2 2026FatsProteinsFood ingredientsBioenergyUsed cooking oilBakeryOther renderingFood Ingredients, Pro…Fats: $538M latest$538MProteins: $371M latest$371MFood ingredients: $336M latest$336MBioenergy: $166M latest$166MUsed cooking oil: $164M latest$164MBakery: $47.0M latestOther rendering: $63.0M latestFood Ingredients, Products and Services: $0 latestQ1 2025Q2 2025Q3 2025Q4 2025Q1 2026Q2 2026
Proteins went from 25% of revenue in Q1 2025 to 22% in Q2 2026, the largest shift in the mix.
Darling Ingredients revenue by quarterDarling Ingredients revenue by quarter$1.4BQ1 2025$1.5BQ2 2025$1.6BQ3 2025$1.7BQ4 2025$1.6BQ1 2026$1.7BQ2 2026$1.8BQ3 2026
Darling Ingredients: where each dollar of revenue goesDarling Ingredients: where each dollar of revenue goesOperating profit19¢Income tax4¢Net earnings15¢

Where each dollar of revenue goes

LineQ3 2026% of revenue
Revenue$1.8B100.0%
Operating profit$333M18.6%
Income tax$76.8M4.3%
Net earnings$267M14.9%

Revenue, quarter by quarter

QuarterRevenueY/Y
Q3 2026$1.8B+14%
Q2 2026$1.7B+16%
Q1 2026$1.6B+12%
Q4 2025$1.7B+21%
Q3 2025$1.6B+10%
Q2 2025$1.5B+2%
Q1 2025$1.4B-3%

From Darling Ingredients' 8-K filed Oct 28, 2026 (on EDGAR).

Questions

How does Darling Ingredients make money?

Darling Ingredients (DAR) made $1.8B of revenue in the third quarter 2026 (Q3 2026), up 25-fold from a year earlier. Of every dollar of revenue, 19¢ was left as operating profit, 15¢ was left as net earnings.

What is Darling Ingredients' profit margin?

Net earnings were $267M, 14.9% of revenue, in the third quarter 2026; the operating margin was 18.6%.

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Updated Nov 8, 2026. Read automatically from SEC filings and public data; errors are possible. Not investment advice.