Darling Ingredients Inc.
DAR Consumer Defensive Packaged Foods
Darling Ingredients Inc.’s revenue for fiscal 2025 (year ended December 2025) was $6.1 billion, up 7.36% from fiscal 2024. In the quarter to June 2026, revenue grew 16.4%, EPS grew 2,950.0%, free cash flow grew 428.2% and total debt was flat, each against the same quarter a year earlier. Insiders bought in the last twelve months.
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Darling Ingredients Inc. (DAR) Piotroski F-score
Darling Ingredients Inc.'s Piotroski F-score for fiscal 2025 is 7 out of 9: 7 of nine tests of profitability, leverage and efficiency passed, up from 5 in fiscal 2024.
Piotroski F-score, annual
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Annual newest first
| Period | Piotroski F-score | Change (points) |
|---|---|---|
| FY2025 | 7 | 2.00 |
| FY2024 | 5 | (2.00) |
| FY2023 | 7 | 1.00 |
| FY2022 | 6 | (2.00) |
| FY2021 | 8 | 1.00 |
| FY2020 | 7 | 0.00 |
| FY2019 | 7 | 2.00 |
| FY2018 | 5 | (1.00) |
| FY2017 | 6 | (2.00) |
| FY2016 | 8 | — |
How fiscal 2025’s score is made up
| Test | This year | Year before | Result | Points |
|---|---|---|---|---|
| Positive return on assets | 0.62% | 2.64% | Pass | 1 |
| Positive operating cash flow | 1.06b | 839.29m | Pass | 1 |
| Rising return on assets | 0.62% | 2.64% | Fail | 0 |
| Cash flow above net income | 996.92m | 560.41m | Pass | 1 |
| Falling long-term leverage | 0.38 | 0.37 | Fail | 0 |
| Rising current ratio | 1.50 | 1.38 | Pass | 1 |
| No new shares issued | 158,479,000 | 159,513,000 | Pass | 1 |
| Rising gross margin | 24.01% | 22.36% | Pass | 1 |
| Rising asset turnover | 0.60 | 0.54 | Pass | 1 |
| Piotroski F-score | Strong — most fundamentals improved | 7 | ||
How the Piotroski F-score works
One point for each of nine tests, this fiscal year against the one before: positive return on assets, positive operating cash flow, rising return on assets, cash flow above net income, falling long-term leverage, a rising current ratio, no new shares issued, a rising gross margin and rising asset turnover. The ratios are the ones on this site, so each can be checked.
Joseph Piotroski (2000) called 8–9 high and 0–1 low; reading it in three bands is the common convention:
| 7–9 | Strong — most fundamentals improved |
|---|---|
| 4–6 | Mixed |
| 0–3 | Weak — most fundamentals deteriorated |
Where this differs from the paper: return on assets is on average rather than beginning-of-year assets, and weighted basic shares stand in for shares issued. The score is shown only when all nine tests can be worked out, which takes three fiscal years; banks and insurers, which report no current assets or gross profit, have none.
Piotroski F-score against peers
| Company | Piotroski F-score |
|---|---|
| LW Lamb Weston compare | 7 |
| SFD Smithfield Foods, Inc. compare | 7 |
| DAR Darling Ingredients Inc. | 7 |
| MKC McCormick & Company, Incorporated compare | 6 |
| HRL Hormel Foods Corporation compare | 5 |
| PPC Pilgrim's Pride Corporation compare | 5 |
| SJM The J. M. Smucker Company compare | 4 |
| JBS JBS N.V. compare | — |
| MICC The Magnum Ice Cream Company N.V. compare | — |
What Piotroski F-score is
The Piotroski F-Score tells an investor how many signs of improving profitability, funding and efficiency a company shows against a year earlier.
One point for each of nine tests against a year earlier: positive return on assets, positive operating cash flow, rising return on assets, cash flow above net income, falling long-term leverage, rising current ratio, no new shares issued, rising gross margin, and rising asset turnover