Darling Ingredients Inc. (DAR) Financial Ratios
30 years of historical data (1996–2025) · Consumer Defensive · Packaged Foods
EV/EBITDA
↑
13.93
↑+38% vs avg
5yr avg: 10.06
30Y Low3.7·High15.7
P/FCF
↓
12.54
↓-34% vs avg
5yr avg: 18.90
30Y Low0.7·High85.7
P/B Ratio
↓
1.79
↓-13% vs avg
5yr avg: 2.06
30Y Low0.9·High4.7
ROE
↓
1.4%
↑-89% vs avg
5yr avg: 12.7%
30Y Low-156%·High68%
Debt/EBITDA
↑
4.60
↑+43% vs avg
5yr avg: 3.21
30Y Low0.3·High7.4
Percentile shows where the current value sits in 30-year historical distribution. Sparklines show 5-year trend.
DAR Valuation Multiples
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
Darling Ingredients Inc. trades at 137.6x earnings, 330% above its 5-year average of 32.0x, sitting at the 100th percentile of its historical range. Compared to the Consumer Defensive sector median P/E of 18.8x, the stock trades at a premium of 632%. On a free-cash-flow basis, the stock trades at 12.5x P/FCF, 34% below the 5-year average of 18.9x.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Market Cap | $8.5B | $6.0B | $5.4B | $8.1B | $10.3B | $11.6B | $9.6B | $4.7B | $3.2B | $3.0B | $2.1B |
| Enterprise Value | $12.6B | $10.1B | $9.6B | $12.6B | $13.7B | $13.1B | $11.2B | $6.4B | $4.8B | $4.6B | $3.8B |
| P/E Ratio → | 137.64 | 96.51 | 19.34 | 12.49 | 13.94 | 17.77 | 32.40 | 15.10 | 32.07 | 23.55 | 20.82 |
| P/S Ratio | 1.39 | 0.98 | 0.95 | 1.19 | 1.57 | 2.44 | 2.70 | 1.41 | 0.95 | 0.83 | 0.63 |
| P/B Ratio | 1.79 | 1.25 | 1.21 | 1.72 | 2.64 | 3.46 | 3.26 | 1.79 | 1.38 | 1.30 | 1.03 |
| P/FCF | 12.54 | 8.88 | 10.66 | 23.65 | 24.40 | 26.92 | 28.31 | — | 44.35 | 23.41 | 14.46 |
| P/OCF | 8.04 | 5.69 | 6.44 | 9.00 | 12.62 | 16.44 | 15.44 | 13.04 | 8.10 | 7.36 | 5.45 |
P/E links to full P/E history page with 30-year chart
DAR EV Ratios
Enterprise-value multiples — capital-structure-neutral measures of total business value
Darling Ingredients Inc.'s enterprise value stands at 13.9x EBITDA, 38% above its 5-year average of 10.1x. The Consumer Defensive sector median is 11.0x, placing the stock at a 27% premium on an enterprise-value basis.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| EV / Revenue | — | 1.65 | 1.68 | 1.86 | 2.10 | 2.77 | 3.14 | 1.91 | 1.42 | 1.26 | 1.11 |
| EV / EBITDA | 13.93 | 11.17 | 9.86 | 8.68 | 9.64 | 10.93 | 14.36 | 8.03 | 8.33 | 9.82 | 8.48 |
| EV / EBIT | 31.82 | 25.52 | 19.11 | 12.87 | 13.46 | 14.86 | 26.32 | 14.01 | 23.47 | 30.24 | 17.39 |
| EV / FCF | — | 14.87 | 18.91 | 36.83 | 32.60 | 30.54 | 32.93 | — | 65.87 | 35.86 | 25.56 |
DAR Profitability
Margins and return-on-capital ratios measuring operating efficiency
Darling Ingredients Inc. earns an operating margin of 6.4%, above the Consumer Defensive sector average of 3.5%. Operating margins have compressed from 14.0% to 6.4% over the past 3 years, signaling potential cost pressures or competitive headwinds. ROE of 1.4% is modest, trailing the sector median of 6.5%. ROIC of 3.4% represents below-average returns on invested capital versus a sector median of 5.7%.
Margins
Full margin charts and quarterly trend are on the Earnings History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 15.8% | 15.8% | 22.4% | 24.2% | 23.4% | 26.2% | 24.7% | 23.0% | 21.9% | 21.5% | 22.3% |
| Operating Margin | 6.4% | 6.4% | 8.2% | 14.0% | 15.8% | 18.7% | 12.1% | 14.1% | 7.5% | 4.6% | 4.6% |
| Net Profit Margin | 1.0% | 1.0% | 4.9% | 9.5% | 11.3% | 13.7% | 8.3% | 9.3% | 3.0% | 3.5% | 3.0% |
Return on Capital
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 1.4% | 1.4% | 6.1% | 15.1% | 20.4% | 20.7% | 10.6% | 12.6% | 4.4% | 5.8% | 5.1% |
| ROA | 0.6% | 0.6% | 2.6% | 6.4% | 9.6% | 11.1% | 5.4% | 6.1% | 2.1% | 2.7% | 2.2% |
| ROIC | 3.4% | 3.4% | 3.9% | 8.6% | 12.6% | 14.1% | 7.3% | 8.6% | 4.9% | 3.3% | 3.1% |
| ROCE | 4.3% | 4.3% | 4.9% | 10.4% | 15.2% | 17.1% | 9.0% | 10.6% | 5.8% | 3.9% | 3.6% |
DAR Leverage & Debt
Solvency and debt-coverage ratios — lower is generally safer
Darling Ingredients Inc. carries a Debt/EBITDA ratio of 4.6x, which is highly leveraged (32% above the sector average of 3.5x). Net debt stands at $4.1B ($4.2B total debt minus $89M cash). Interest coverage of just 1.8x is concerning — the company has limited headroom to absorb earnings volatility before struggling with debt service.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 0.87 | 0.87 | 0.95 | 0.99 | 0.92 | 0.48 | 0.56 | 0.67 | 0.72 | 0.74 | 0.84 |
| Debt / EBITDA | 4.60 | 4.60 | 4.38 | 3.19 | 2.51 | 1.35 | 2.12 | 2.22 | 2.91 | 3.64 | 3.94 |
| Net Debt / Equity | — | 0.85 | 0.94 | 0.96 | 0.89 | 0.46 | 0.53 | 0.65 | 0.67 | 0.69 | 0.79 |
| Net Debt / EBITDA | 4.50 | 4.50 | 4.30 | 3.11 | 2.42 | 1.29 | 2.02 | 2.13 | 2.72 | 3.41 | 3.68 |
| Debt / FCF | — | 6.00 | 8.25 | 13.18 | 8.19 | 3.61 | 4.62 | — | 21.52 | 12.45 | 11.10 |
| Interest Coverage | 1.77 | 1.77 | 1.97 | 3.78 | 8.12 | 14.23 | 5.87 | 5.84 | 2.36 | 1.72 | 2.30 |
DAR Liquidity & Efficiency
Short-term solvency ratios and asset-utilisation metrics
A current ratio of 1.50x means Darling Ingredients Inc. can comfortably meet its short-term obligations, though there is limited excess liquidity. The current ratio has declined from 1.86x to 1.50x over the past 3 years.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 1.50 | 1.50 | 1.38 | 1.86 | 1.53 | 1.45 | 1.46 | 1.33 | 1.66 | 1.71 | 1.98 |
| Quick Ratio | 1.50 | 1.50 | 0.83 | 1.10 | 0.90 | 0.84 | 0.86 | 0.81 | 1.03 | 1.07 | 1.24 |
| Cash Ratio | 0.09 | 0.09 | 0.07 | 0.13 | 0.12 | 0.09 | 0.12 | 0.11 | 0.20 | 0.19 | 0.25 |
| Asset Turnover | — | 0.60 | 0.57 | 0.61 | 0.71 | 0.77 | 0.64 | 0.63 | 0.69 | 0.74 | 0.72 |
| Inventory Turnover | — | — | 7.69 | 6.78 | 7.43 | 7.65 | 6.62 | 7.13 | 7.76 | 8.03 | 7.99 |
| Days Sales Outstanding | — | 38.73 | 39.96 | 44.19 | 38.84 | 36.19 | 41.82 | 44.45 | 42.26 | 39.50 | 42.52 |
DAR Shareholder Yields
Earnings, FCF, buyback, and dividend yields — total returns to shareholders
Darling Ingredients Inc. returns 0.4% to shareholders annually primarily through share buybacks. The earnings yield of 0.7% (inverse of P/E) provides a useful comparison to bond yields when assessing the stock's relative attractiveness to fixed income.
Dividends
Full dividend history and growth charts are on the Dividend History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend Yield | — | — | — | — | — | — | — | — | — | — | — |
| Payout Ratio | — | — | — | — | — | — | — | — | — | — | — |
Total Shareholder Return Metrics
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | 0.7% | 1.0% | 5.2% | 8.0% | 7.2% | 5.6% | 3.1% | 6.6% | 3.1% | 4.2% | 4.8% |
| FCF Yield | 8.0% | 11.3% | 9.4% | 4.2% | 4.1% | 3.7% | 3.5% | — | 2.3% | 4.3% | 6.9% |
| Buyback Yield | 0.4% | 0.6% | 0.6% | 0.7% | 1.2% | 1.4% | 0.6% | 0.4% | 0.0% | 0.0% | 0.2% |
| Total Shareholder Yield | 0.4% | 0.6% | 0.6% | 0.7% | 1.2% | 1.4% | 0.6% | 0.4% | 0.0% | 0.0% | 0.2% |
| Shares Outstanding | — | $160M | $161M | $162M | $164M | $167M | $167M | $168M | $168M | $167M | $165M |
Peer Comparison
Compare DAR with 10 similar companies in its peer group
| Company | Market Cap | P/E | EV/EBITDA | P/FCF | Gross Margin | Op Margin | ROE | ROIC | Debt/EBITDA |
|---|---|---|---|---|---|---|---|---|---|
 DARYou | $9B | 137.6 | 13.9 | 12.5 | 15.8% | 6.4% | 1.4% | 3.4% | 4.6 |
 GPRE | $1B | -8.2 | 96.0 | 16.1 | 1.8% | -4.0% | -14.7% | -5.2% | 35.8 |
 REX | $1B | 17.5 | 16.4 | 29.2 | 14.4% | 9.4% | 12.3% | 9.1% | 0.3 |
 CLMT | $3B | -83.7 | 15.3 | 50.3 | 5.9% | 1.3% | — | 5.0% | 1.9 |
 BIOX | $24M | -0.5 | 19.5 | 0.7 | 39.1% | -1.1% | -16.0% | -0.5% | 20.2 |
 AMTX | $134M | -1.5 | — | — | -0.4% | -17.9% | — | -70.3% | — |
 GEVO | $375M | -11.0 | 83.8 | — | 30.2% | -11.7% | -7.0% | -2.8% | 25.9 |
 ALTO | $388M | 31.4 | 14.0 | 44.9 | 3.8% | 0.8% | 5.7% | 1.9% | 3.0 |
 TSN | $20B | 40.8 | 9.8 | 16.8 | 6.5% | 2.6% | 2.6% | 4.1% | 3.2 |
 HRL | $13B | 27.8 | 15.8 | 24.9 | 15.6% | 5.9% | 6.0% | 5.3% | 2.9 |
 WH | $6B | 34.1 | 19.9 | 19.7 | 58.9% | 28.4% | 34.5% | 9.4% | 6.5 |
| Consumer Defensive Median | — | 18.8 | 11.0 | 15.3 | 40.8% | 3.5% | 6.5% | 5.7% | 3.5 |
Peer selection based on competitive and market overlap. Compare multiple stocks →
Download Financial Ratios Data
Includes 30+ ratios · 30 years · Updated daily
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DAR — Frequently Asked Questions
Quick answers to the most common questions about buying DAR stock.
What is Darling Ingredients Inc.'s P/E ratio?
Darling Ingredients Inc.'s current P/E ratio is 137.6x. The historical average is 25.7x. This places it at the 100th percentile of its historical range.
What is Darling Ingredients Inc.'s EV/EBITDA?
Darling Ingredients Inc.'s current EV/EBITDA is 13.9x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 8.3x.
What is Darling Ingredients Inc.'s ROE?
Darling Ingredients Inc.'s return on equity (ROE) is 1.4%. The historical average is 4.5%.
Is DAR stock overvalued?
Based on historical data, Darling Ingredients Inc. is trading at a P/E of 137.6x. This is at the 100th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
What are Darling Ingredients Inc.'s profit margins?
Darling Ingredients Inc. has 15.8% gross margin and 6.4% operating margin.
How much debt does Darling Ingredients Inc. have?
Darling Ingredients Inc.'s Debt/EBITDA ratio is 4.6x, indicating high leverage. A ratio above 4x may signal elevated financial risk.