Darling Ingredients Inc (DAR)
Net profit margin
| 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 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income (ttm) | US$ in thousands | 647,726 | 719,770 | 785,825 | 735,438 | 737,690 | 736,884 | 692,615 | 687,201 | 650,914 | 539,905 | 494,218 | 363,075 | 296,819 | 494,683 | 419,279 | 380,098 | 312,600 | 110,639 | 78,881 | 22,203 |
| Revenue (ttm) | US$ in thousands | 6,537,880 | 6,817,070 | 6,938,130 | 6,823,800 | 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 | 3,349,524 | 3,343,226 | 3,314,219 | 3,303,513 |
| Net profit margin | 9.91% | 10.56% | 11.33% | 10.78% | 11.52% | 12.26% | 12.72% | 13.75% | 13.91% | 12.33% | 12.23% | 9.84% | 8.48% | 14.51% | 12.32% | 11.28% | 9.33% | 3.31% | 2.38% | 0.67% |
December 31, 2023 calculation
Net profit margin = Net income (ttm) ÷ Revenue (ttm)
= $647,726K ÷ $6,537,880K
= 9.91%
The net profit margin of Darling Ingredients Inc has shown some fluctuations over the past years. It has ranged from as low as 0.67% in March 2019 to a high of 14.51% in September 2020. Generally, the net profit margin has been above 10% in recent periods, indicating that the company is able to effectively convert its revenues into profits after accounting for all expenses. However, there was a slight decline in the margin from 13.75% in March 2022 to 9.91% in December 2023, which could be worth investigating further to understand the factors behind this decrease. Overall, the company has demonstrated the ability to maintain healthy levels of profitability, albeit with some variability in recent quarters.
Peer comparison
Dec 31, 2023