Andersons vs Darling Ingredients
Andersons is the larger business, with $11.01bn of revenue in fiscal 2025 against $6.14bn for Darling Ingredients (1.8 times as much). Darling Ingredients grew faster (7.4% against -2.2%). Darling Ingredients kept more of each dollar of sales as profit: a net margin of 1.0% against 0.9%.
| Latest fiscal year | AndersonsANDE, 2025 | Darling IngredientsDAR, 2025 |
|---|---|---|
| Revenue | $11.01bn | $6.14bn |
| Revenue growth | -2.2% | 7.4% |
| Net income | $95.7m | $62.8m |
| Operating margin | — | 4.5% |
| Net margin | 0.9% | 1.0% |
| Return on equity | 7.3% | 1.4% |
| Free cash flow | −$56.1m | $679m |
| Cash | $98.3m | $88.7m |
| Total debt | $873m | $3.96bn |
| Debt to equity | — | 83.5% |
| Dividend per share | $0.79 | — |
| Dividend yield | 1.2% | — |
| Share buybacks | $15.4m | $34.7m |
| Employees | 2,137 | 15,000 |
| Market value | $2.14bn | $8.58bn |
| Price vs our value range | Within our value range | Within our value range |
| Moat score | 32 (Weak) | 54 (Moderate) |
| Insider trades, 12 months | 0 buys, 25 sales | 2 buys, 19 sales |