Darling Ingredients Inc (DAR)
Gross profit margin
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross profit (ttm) | US$ in thousands | 1,277,838 | 1,380,507 | 1,453,406 | 994,542 | 1,645,020 | 1,195,263 | 970,100 | 1,038,208 | 514,410 | 609,761 | 599,459 | 533,037 | 470,403 | 330,212 | 214,445 | 114,576 | 44,080 | 961,674 | 952,071 | 919,973 |
| Revenue (ttm) | US$ in thousands | 5,716,780 | 5,662,700 | 5,866,990 | 6,171,400 | 6,546,820 | 6,826,010 | 6,947,070 | 6,832,740 | 6,402,280 | 6,008,080 | 5,446,680 | 4,998,880 | 4,679,450 | 4,377,748 | 4,041,368 | 3,690,927 | 3,499,347 | 3,409,387 | 3,402,572 | 3,369,843 |
| Gross profit margin | 22.35% | 24.38% | 24.77% | 16.12% | 25.13% | 17.51% | 13.96% | 15.19% | 8.03% | 10.15% | 11.01% | 10.66% | 10.05% | 7.54% | 5.31% | 3.10% | 1.26% | 28.21% | 27.98% | 27.30% |
December 31, 2024 calculation
Gross profit margin = Gross profit (ttm) ÷ Revenue (ttm)
= $1,277,838K ÷ $5,716,780K
= 22.35%
The gross profit margin of Darling Ingredients Inc has shown a fluctuating trend over the reported periods. It started at 27.30% on March 31, 2020, and gradually increased to 28.21% by September 30, 2020. However, a significant decline was observed at the end of December 31, 2020, dropping to just 1.26%. This sharp decrease may indicate challenges in managing the cost of goods sold relative to revenue during that quarter.
Subsequently, there was a slight recovery in the gross profit margin by March 31, 2021, and a more notable improvement by September 30, 2021. The margin continued to rise steadily through December 31, 2021, and March 31, 2022, hitting a peak of 11.01% on June 30, 2022. However, there was a slight decline in profitability by September 30, 2022.
Despite this dip, the gross profit margin bounced back by December 31, 2022, showing a notable increase. The trend continued to be positive, with margins exceeding 15% by March 31, 2023, and September 30, 2023. The company achieved a significant milestone by reaching a gross profit margin of 25.13% by December 31, 2023.
However, there was a slight dip in profitability by March 31, 2024, before a strong rebound to 24.77% on June 30, 2024. The margin remained relatively stable around the 24% mark until December 31, 2024, when it dropped to 22.35%.
Overall, the gross profit margin of Darling Ingredients Inc has shown variability, displaying periods of both growth and decline. It will be important for stakeholders to monitor these fluctuations closely and understand the underlying factors driving the changes in profitability over time.
Peer comparison
Dec 31, 2024