Darling Ingredients Reports Strong Q4 Results

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Darling Ingredients, a global leader in converting bio-nutrient streams into sustainable products, reported strong fourth-quarter results with adjusted EBITDA of $336.1 million. The company saw sequential gross margin improvement and stronger performance in its core ingredients business, despite uncertainty around renewable fuels policy and trade volatility.

Why it matters

Darling Ingredients' results reflect the company's ability to navigate industry challenges and capitalize on growing demand for sustainable products. As a major player in the renewable fuels and specialty ingredients markets, Darling's performance provides insights into the broader trends shaping these industries.

The details

Darling reported net sales of $1.7 billion in Q4 2025, up from $1.4 billion a year earlier. Raw material volume rose to 4.1 million metric tons, and consolidated gross margin improved to 25.1% from 23.5%. The company's core ingredients segment saw EBITDA increase to $922 million for the full year, up from $790 million in 2024. Darling's Diamond Green Diesel joint venture also delivered its strongest quarter of the year, with $57.9 million in EBITDA.

• Darling closed fiscal 2025 with its Q4 earnings report.
• The company's 2025 performance reflected a 53-week fiscal year, with the extra week contributing an estimated $20 million in EBITDA.

What they’re saying

What’s next

Darling expects to continue paying down debt and improving its leverage ratio in 2026, with the pace influenced by the cash generation of its Diamond Green Diesel joint venture once there is more clarity on renewable fuels policy.