Darling Ingredients vs Dole
Dole reported revenue of $9.2 billion in fiscal 2025, 1.5 times Darling Ingredients' $6.1 billion in fiscal 2025. Darling Ingredients' revenue grew 7.4% in its latest year, and Dole's grew 8.2%. Darling Ingredients had an operating margin of 4.5%, against 2.4% at Dole. Free cash flow was $679 million at Darling Ingredients and $2 million at Dole. Their fiscal years end in different months (January 3 and December 31), so the periods don't line up exactly.
Side by side
| Darling Ingredients | Dole | |
|---|---|---|
| Latest fiscal year | FY2025, Jan 3, 2026 | FY2025, Dec 31, 2025 |
| Revenue | $6.1B | $9.2B |
| Revenue growth | 7.4% | 8.2% |
| Revenue growth a year, last 5 years | 11.4% | 16.1% |
| Gross margin | 24.0% | 7.8% |
| Operating margin | 4.5% | 2.4% |
| Net margin | 1.0% | 0.6% |
| Free cash flow | $679M | $2M |
| Free cash flow margin | 11.1% | 0.0% |
| Return on capital | 3.2% | 6.3% |
| Net debt to EBITDA | 5.0x | 1.8x |
| Dividends and buybacks | $35M | $32M |
| Change in diluted share count | −0.8% | 0.5% |
| Last close | $57.16 | $13.30 |
| P/E at the last close | 15.4× | 25.1× |
| Insider trades, last 12 months | bought $60,970, sold $5.3 million | bought $8.6 million, sold $0 |
| Piotroski F-score | 7 of 9 | 6 of 9 |
Amounts in each company's own currency, US$ unless marked (a foreign company may report in another), each company's latest fiscal year from its 10-K, or 20-F or 40-F for a foreign company. Growth rates compare with the year before; the five-year rate is the average a year. Free cash flow is cash from operations minus capital spending; return on capital is after-tax operating income over the money invested in the business; P/E is the last close over the latest earnings per share. Banks are measured differently (return on equity, efficiency ratio), so some rows apply to one company only.
Ten years
Revenue
US$ billions, fiscal years
Darling IngredientsDole
Operating margin
Percent of revenue
Darling IngredientsDole
Free cash flow
US$ billions. Cash from operations minus capital expenditure.
Darling IngredientsDole
Source: the companies' Form 10-K filings, from SEC EDGAR, and the last close. For information only, not investment advice: the figures describe results, not which company is the better investment. The Filing Desk is not affiliated with either company. Full figures on the Darling Ingredients and Dole pages.