DAR · Darling Ingredients Inc.
Price & Indicators
Up next
Metrics snapshot
Useful current figures from the complete screener profile.
AI Brief
Q2 FY27 earnings call · Jul 30, 2026TL;DR. Darling Ingredients reported sharply higher Q2 2026 results, with Combined Adjusted EBITDA of $741.7M vs. $249.5M a year ago, driven by strong DGD performance including $280M in cash distributions, while management expects continued deleveraging to a bank leverage ratio below 2X and projects core ingredients Adjusted EBITDA of $325–340M for Q3 2026.
- + Combined Adjusted EBITDA nearly tripled to $741.7M from $249.5M year-over-year
- + Net income surged to $387.3M ($2.41/share) from $12.7M ($0.08/share) year-over-year
- + Received $280.0M in cash distributions from DGD, with DGD EBITDA of $389.2M vs. $42.6M prior year
- + Net debt reduced by $223.0M and leverage ratio improved to 2.3X
- + Management guides to net debt at or below $3B and bank leverage ratio below 2X by year-end 2026
- + Q3 2026 core ingredients Adjusted EBITDA guided at $325–340M
- − DGD margin strength partly attributed to one-time IEEPA tariff recoveries of ~$50.5M at entity level
- − Acquired three Brazil rendering facilities for ~$122M with $13.2M in acquisition/integration costs in the quarter
- − Foreign currency exchange impact reduced Adjusted EBITDA by $4.0M in Q2 and $18.5M YTD
AI-generated from the earnings call and 8-K · may contain errors · not investment advice
Equibles Research
our published analysis of this company
Equibles Rating
blended score · not investment adviceBlended from price, momentum, positioning, fundamentals & volatility · daily-close · not investment advice. Market backdrop is context, not part of the score.
Guidance & track record
Guidance from company 8-Ks · delivered figures from as-reported statements · no analyst estimates involved.
Technicals
trend & momentum for long-term holders NeutralIllustrative technical + ownership context — a signal mix, not investment advice.
Key metrics
the company's own KPIs, from written earnings releases and filings| Metric | Latest | Period | YoY |
|---|---|---|---|
| Adjusted EBITDA (Non-GAAP) non-GAAP | 352.54M | Three Months Ended July 4, 2026 filing | — |
| Combined Adjusted EBITDA (Non-GAAP) non-GAAP | 741.74M | Three Months Ended July 4, 2026 filing | — |
| DGD Adjusted EBITDA (Darling's Share) (Non-GAAP) non-GAAP | 389.2M | Three Months Ended July 4, 2026 filing | — |
| Foreign currency exchange impact | -4.03M | Three Months Ended July 4, 2026 filing | — |
| Pro forma Adjusted EBITDA to Foreign Currency (Non-GAAP) non-GAAP | 348.51M | Three Months Ended July 4, 2026 filing | — |
GAAP → non-GAAP reconciliationGAAP Adjusted EBITDA (Non-GAAP) 352.54M
-4.03M Foreign currency exchange impact
= Pro forma Adjusted EBITDA to Foreign Currency (Non-GAAP) 348.51M
|
|||
Figures exactly as the company stated them in writing · click a metric with a to chart its history · period links open the stating document · "filing" marks figures stated in the 10-K/10-Q · YoY needs an exactly comparable prior-year period
Versus peers
Packaged Foods — same industry group| Company | Mkt cap | YTD | Rev growth Y/Y | P/E | Short % shares |
|---|---|---|---|---|---|
|
DAR
this stock
Darling Ingredients Inc.
|
$9.70B | +68.6% | +7.4% | 16.6 | 4.3% |
|
JBS
Jbs N.V.
|
$38.06B | -21.7% | — | — | 1.2% |
|
KHC
Kraft Heinz Co
|
$28.02B | -6.3% | -0.1% | — | 7.9% |
|
GIS
General Mills Inc
|
$17.99B | -30.8% | +4.1% | — | 8.4% |
|
SJM
J M SMUCKER Co
|
$12.93B | +21.6% | +3.7% | — | 4.4% |
Peers by industry group · P/E from as-reported trailing EPS · short % is of shares outstanding
At a glance
key data from every sectionPerformance
| 5D | 20D | 120D | MTD | YTD | |
|---|---|---|---|---|---|
| DAR | -1.1% | -10.3% | -1.0% | -8.4% | +68.6% |
| SPY | -0.7% | +0.1% | +12.2% | -0.6% | +11.8% |
| vs SPY | -0.4% | -10.4% | -13.2% | -7.8% | +56.8% |
Capital returns
Dividends per share over the trailing 365 days by ex-date · buyback figures as last reported in SEC filings ("spent" derived as authorized − remaining; when several programs run concurrently, authorized is their combined total per the newest filing) · components shown separately — trailing-year buyback spend isn't tracked, so no combined shareholder yield is derived.