The Tip Desk

DARLING INGREDIENTS INC.

Company Stats

Market Cap
$9.6B
as of Sep 30, 2026
Enterprise Value
$13.4B
Shares Outstanding
157.8M
Free Float
95.6%

Income Statement

Revenue
$6.1B
Operating Income
$273.4M
Net Income
$62.8M
EBITDA
$676.9M
Non-cash Impairment
$57.8M

Cash Flow

Free Cash Flow
$679.2M
FCF Yield
7.1%
Owner FCF Yield
6.9%

Balance Sheet

Cash & Equivalents
$88.7M
Total Debt
$3.9B
Net Debt
$3.8B
Net Debt / EBITDA
5.69x
EV / EBITDA
19.84x
Net Debt / EBIT
14.08x

Returns & Capital

Share Repurchases
$34.7M

Cash Flow by Year

YearRevenueFCFMargin
FY2026$6.1B$679.2M11.1%
FY2024$5.7B$506.8M8.9%
FY2023$6.8B$343.8M5.1%
FY2022$6.5B$422.4M6.5%
FY2022$4.7B$430.3M9.1%

Annual filing data through FY ended January 3, 2026; shares and float as of October 25, 2026. Yields and enterprise value use the calculated market cap above, at its as-of date. Ratios are our calculations from reported figures.

Earnings

Other Coverage