Darling Ingredients Income Statement

Financials in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep '25 Sep 27, 2025	Dec '24 Dec 28, 2024	Dec '23 Dec 30, 2023	Dec '22 Dec 31, 2022	Jan '22 Jan 1, 2022	Jan '21 Jan 2, 2021
Revenue	5,844	5,715	6,788	6,532	4,741	3,572
Revenue Growth (YoY)	-1.15%	-15.81%	3.92%	37.77%	32.74%	6.18%
Cost of Revenue	4,466	4,437	5,143	5,003	3,499	2,689
Gross Profit	1,378	1,278	1,645	1,530	1,242	883.11
Selling, General & Admin	514.09	493.9	544.08	435.47	391.53	379.47
Operating Expenses	1,011	997.72	1,046	830.19	707.92	729.65
Operating Income	366.83	280.12	598.93	699.4	534.07	153.46
Interest Expense	-221.88	-253.86	-259.22	-125.57	-62.08	-72.69
Earnings From Equity Investments	-35.02	161.08	371.39	377.45	357.38	318.29
Currency Exchange Gain (Loss)	-0.65	-1.15	8.13	-11.28	-2.2	-2.29
Other Non Operating Income (Expenses)	12.81	24.1	17.85	-4.71	-4.56	-5.24
EBT Excluding Unusual Items	122.1	210.28	737.08	935.3	822.61	391.53
Merger & Restructuring Charges	-19.31	-13.64	-32.44	-46.04	-2.17	-38.17
Gain (Loss) on Sale of Assets	5.12	4.16	7.42	4.49	0.96	-0.43
Other Unusual Items	-16.51	46.71	7.89	-0.04	-	0.68
Pretax Income	91.4	247.51	719.96	893.72	821.4	353.62
Income Tax Expense	-23.88	-38.34	59.57	146.63	164.11	53.29
Earnings From Continuing Operations	115.28	285.85	660.39	747.09	657.29	300.33
Minority Interest in Earnings	-7.51	-6.97	-12.66	-9.4	-6.38	-3.51
Net Income	107.77	278.88	647.73	737.69	650.91	296.82
Net Income to Common	107.77	278.88	647.73	737.69	650.91	296.82
Net Income Growth	-58.78%	-56.95%	-12.20%	13.33%	119.30%	-5.05%
Shares Outstanding (Basic)	159	160	160	161	162	163
Shares Outstanding (Diluted)	160	161	162	164	167	167
Shares Change (YoY)	-0.81%	-0.60%	-1.06%	-1.78%	-0.07%	-0.69%
EPS (Basic)	0.68	1.75	4.05	4.58	4.01	1.83
EPS (Diluted)	0.67	1.73	3.99	4.49	3.90	1.78
EPS Growth	-58.39%	-56.64%	-11.14%	15.13%	119.10%	-4.30%
Free Cash Flow	476.13	506.82	343.78	422.43	430.29	344.54
Free Cash Flow Per Share	2.97	3.14	2.12	2.57	2.58	2.06
Gross Margin	23.58%	22.36%	24.23%	23.42%	26.20%	24.72%
Operating Margin	6.28%	4.90%	8.82%	10.71%	11.26%	4.30%
Profit Margin	1.84%	4.88%	9.54%	11.29%	13.73%	8.31%
Free Cash Flow Margin	8.15%	8.87%	5.07%	6.47%	9.07%	9.65%
EBITDA	863.95	783.94	1,101	1,094	850.45	503.64
EBITDA Margin	14.78%	13.72%	16.22%	16.75%	17.94%	14.10%
D&A For EBITDA	497.12	503.83	502.02	394.72	316.39	350.18
EBIT	366.83	280.12	598.93	699.4	534.07	153.46
EBIT Margin	6.28%	4.90%	8.82%	10.71%	11.26%	4.30%
Effective Tax Rate	-	-	8.27%	16.41%	19.98%	15.07%
Revenue as Reported	5,844	5,715	6,788	6,532	-	-

Updated Oct 23, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.

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