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Darling Ingredients vs South Dakota Soybean Processors: revenue, profit, margins and growth compared

Darling Ingredients brought in $6.1B of revenue in fiscal 2025, South Dakota Soybean Processors $503.8M in fiscal 2025. Revenue changed by +7.4% at Darling Ingredients and -9.1% at South Dakota Soybean Processors on the year before, so Darling Ingredients grew faster. Darling Ingredients kept 1.0% of its revenue as net profit, South Dakota Soybean Processors 3.5%. Free cash flow was $679.2M at Darling Ingredients and -$241.1M at South Dakota Soybean Processors.

Side by side, latest fiscal year

DARSDSYA
Fiscal year endedFY2025 (January 3, 2026)FY2025 (December 31, 2025)
Revenue$6.1B$503.8M
Revenue growth+7.4%-9.1%
Net income$62.8M$17.7M
Net margin1.0%3.5%
Free cash flow$679.2M-$241.1M
Free cash flow margin11.1%-47.9%
Earnings per share (diluted)$0.39$0.58
Cash$88.7M$8.4M
Debt$3.9B$253.8M
Price to earnings155.413.8
Market value$9.6B$243.3M
Dividend yieldn/an/a
Rank by revenue in sector#37 of 154 · Consumer staples#76 of 154 · Consumer staples

Over the years

Revenue
DAR FY2018: $3.4BDAR FY2019: $3.4BDAR FY2020: $3.6BDAR FY2021: $4.7BDAR FY2022: $6.5BDAR FY2023: $6.8BDAR FY2024: $5.7BDAR FY2025: $6.1BSDSYA FY2018: $391.8MSDSYA FY2019: $371.3MSDSYA FY2020: $415MSDSYA FY2021: $590.2MSDSYA FY2022: $721.5MSDSYA FY2023: $703.1MSDSYA FY2024: $554.4MSDSYA FY2025: $503.8MFY18FY19FY20FY21FY22FY23FY24FY25
DAR $6.1BSDSYA $503.8M
Net income
DAR FY2018: $101.5MDAR FY2019: $312.6MDAR FY2020: $296.8MDAR FY2021: $650.9MDAR FY2022: $737.7MDAR FY2023: $647.7MDAR FY2024: $278.9MDAR FY2025: $62.8MSDSYA FY2018: $25.9MSDSYA FY2019: $11MSDSYA FY2020: $15.6MSDSYA FY2021: $28MSDSYA FY2022: $67.5MSDSYA FY2023: $70.4MSDSYA FY2024: $20.3MSDSYA FY2025: $17.7MFY18FY19FY20FY21FY22FY23FY24FY25
DAR $62.8MSDSYA $17.7M
Net margin
DAR FY2018: 3.0%DAR FY2019: 9.3%DAR FY2020: 8.3%DAR FY2021: 13.7%DAR FY2022: 11.3%DAR FY2023: 9.5%DAR FY2024: 4.9%DAR FY2025: 1.0%SDSYA FY2018: 6.6%SDSYA FY2019: 3.0%SDSYA FY2020: 3.8%SDSYA FY2021: 4.7%SDSYA FY2022: 9.4%SDSYA FY2023: 10.0%SDSYA FY2024: 3.7%SDSYA FY2025: 3.5%FY18FY19FY20FY21FY22FY23FY24FY25
DAR 1.0%SDSYA 3.5%
Revenue growth
DAR FY2019: -0.7%DAR FY2020: +6.2%DAR FY2021: +32.7%DAR FY2022: +37.8%DAR FY2023: +3.9%DAR FY2024: -15.8%DAR FY2025: +7.4%SDSYA FY2019: -5.2%SDSYA FY2020: +11.8%SDSYA FY2021: +42.2%SDSYA FY2022: +22.3%SDSYA FY2023: -2.5%SDSYA FY2024: -21.2%SDSYA FY2025: -9.1%FY19FY20FY21FY22FY23FY24FY25
DAR +7.4%SDSYA -9.1%
Free cash flow
DAR FY2018: $76.7MDAR FY2019: $3.1MDAR FY2020: $344.5MDAR FY2021: $430.3MDAR FY2022: $422.4MDAR FY2023: $343.8MDAR FY2024: $506.8MDAR FY2025: $679.2MSDSYA FY2018: $22.5MSDSYA FY2019: -$13.4MSDSYA FY2020: $9.6MSDSYA FY2021: $4.6MSDSYA FY2022: $19.7MSDSYA FY2023: $24.6MSDSYA FY2024: -$117.3MSDSYA FY2025: -$241.1MFY18FY19FY20FY21FY22FY23FY24FY25
DAR $679.2MSDSYA -$241.1M

Fiscal years as each company reports them; the two may end in different months.

Questions about Darling Ingredients and South Dakota Soybean Processors

Which is bigger by revenue, Darling Ingredients or South Dakota Soybean Processors?

Darling Ingredients is bigger by revenue: $6.1B in fiscal 2025, against $503.8M for South Dakota Soybean Processors in fiscal 2025.

Which keeps more of its revenue as profit, Darling Ingredients or South Dakota Soybean Processors?

Darling Ingredients had a net margin of 1.0% in fiscal 2025; South Dakota Soybean Processors had 3.5% in fiscal 2025.

Which grew revenue faster, Darling Ingredients or South Dakota Soybean Processors?

In their latest fiscal years revenue changed by +7.4% at Darling Ingredients and -9.1% at South Dakota Soybean Processors.

Where do these numbers come from?

From the annual reports each company files with the SEC (10-K, or 20-F and 40-F for foreign companies), read from their XBRL data. Margins and growth are simple arithmetic on those figures. Nothing here is a recommendation.

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