Darling Ingredients Valuation Multiples

Darling Ingredients Overview

About Darling Ingredients

Darling Ingredients Inc develops and manufactures sustainable ingredients for customers in the pharmaceutical, food, pet food, fuel, and fertilizer industries. It collects and transforms all aspects of animal by-product streams into ingredients, including gelatin, fats, proteins, pet food ingredients, fertilizers. Also, the company recovers and converts used cooking oil and bakery remnants into feed and fuel ingredients. Darling has three primary business segments which are feed ingredients contributing the majority of revenue, food ingredients, and fuel ingredients. It provides grease trap services for food businesses and sells various equipment for collecting and delivering cooking oil. The company derives the majority of its revenue from customers in North America.

Founded

1962

HQ

Employees

15.8K

Website

darlingii.com

Sectors

Renewable Energy

Financials (LTM)

Revenue: $6B

EBITDA: $1B

EV

$13B

Valuation Multiples

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Darling Ingredients Financials

Darling Ingredients reported last 12-month revenue of $6B and EBITDA of $1B.

In the same LTM period, Darling Ingredients generated $2B in gross profit, $1B in EBITDA, and $170M in net income.

Darling Ingredients P&L

In the most recent fiscal year, Darling Ingredients reported revenue of $7B and EBITDA of $1B.

Darling Ingredients expects next 12-month revenue of XXX and NTM EBITDA of XXX

Darling Ingredients Stock Performance

Darling Ingredients has current market cap of $9B, and enterprise value of $13B.

Darling Ingredients' stock price is $54.20.

Darling Ingredients Valuation Multiples

Darling Ingredients trades at 2.1x EV/Revenue multiple, and 11.3x EV/EBITDA.

Darling Ingredients Financial Valuation Multiples

As of April 2, 2026, Darling Ingredients has market cap of $9B and EV of $13B.

Equity research analysts estimate Darling Ingredients' 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX

Darling Ingredients has a P/E ratio of 50.4x.

Darling Ingredients Margins & Growth Rates

Darling Ingredients' revenue in the last 12 month grew by 6%.

Darling Ingredients' revenue per employee in the last FY averaged $0.4M, while opex per employee averaged $0.1M for the same period.

Darling Ingredients' rule of 40 is 13% (metric relevant for SaaS companies only, counted as combined revenue growth rate and EBITDA margin).

Darling Ingredients' rule of X is 13% (created by Bessemer, rule of X is another metric to measure SaaS companies, ~1.5x stronger vs. the traditional Rule of 40, counted as revenue growth rate multiplied by 2.5 plus EBITDA margin).

Darling Ingredients Public Comps

See public comps and valuation multiples for other Renewable Energy comps.

Darling Ingredients M&A Activity

Darling Ingredients acquired XXX companies to date.

Last acquisition by Darling Ingredients was on XXXXXXXX, XXXXX. Darling Ingredients acquired XXXXXXXX for XXX (EV/Revenue multiple of XXX).

Darling Ingredients Investment Activity

Darling Ingredients invested in XXX companies to date.

Darling Ingredients made its latest investment on XXXXXXXX, XXXXX. Darling Ingredients invested in XXXXXXXX for XXX (EV/Revenue multiple of XXX).