Mission Produce vs Darling Ingredients
Darling Ingredients is the larger business, with $6.14bn of revenue in fiscal 2025 against $1.39bn for Mission Produce (4.4 times as much). Mission Produce grew faster (12.7% against 7.4%). Mission Produce kept more of each dollar of sales as profit: a net margin of 2.7% against 1.0%. Mission Produce carries less debt relative to equity (17.1% against 83.5%).
| Latest fiscal year | Mission ProduceAVO, 2025 | Darling IngredientsDAR, 2025 |
|---|---|---|
| Revenue | $1.39bn | $6.14bn |
| Revenue growth | 12.7% | 7.4% |
| Net income | $37.7m | $62.8m |
| Operating margin | 4.7% | 4.5% |
| Net margin | 2.7% | 1.0% |
| Return on equity | 6.6% | 1.4% |
| Free cash flow | $37.2m | $679m |
| Cash | $64.8m | $88.7m |
| Total debt | $100m | $3.96bn |
| Debt to equity | 17.1% | 83.5% |
| Dividend per share | — | — |
| Dividend yield | — | — |
| Share buybacks | $6.1m | $34.7m |
| Employees | 3,800 | 15,000 |
| Market value | $978m | $8.58bn |
| Price vs our value range | Above our value range | Within our value range |
| Moat score | 15 (Weak) | 54 (Moderate) |
| Insider trades, 12 months | 46 buys, 10 sales | 2 buys, 19 sales |