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Darling Ingredients Inc. DAR Feed Ingredients — Asset impairment charges

Other segment segments

Food Ingredients
$6.45M+1,333%

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Other financials

Income statement

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Revenue$1.6B+12.3%
Gross profit$404.9M+30.1%
Operating income$226.8M+698%
Net income$134.3M+613%
EPS (diluted)$0.83+619%

Balance sheet

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Cash & equivalents$116.0M+42.4%
Total debt$4.4B+4.9%
Total equity$4.9B+9.6%
Total assets$10.6B+6.1%

Cash flow

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Operating cash flow$153.0M-38.6%
CapEx$95.1M+14.4%
Free cash flow$169.8M+34.0%

Valuation

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Market cap$9.19B+94.6%
Enterprise value$13.42B+51.7%
P/E41.1×-3.7×
P/S1.5×+0.6×

Profitability

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Gross margin24.8%+2.2pp
Operating margin7.5%+1.1pp
Net margin3.5%+0.5pp
FCF margin11.1%+2.2pp

Returns & leverage

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Return on equity4.8%+1.0pp
Debt / equity0.9×0.0×
Current ratio1.6×+0.2×

Where this comes from

Reported directly by Darling Ingredients Inc. in its filing.

Tagged under the XBRL concept us-gaap:AssetImpairmentCharges.

The source filing: Darling Ingredients Inc.’s 10-K, filed March 3, 2026.

Filed
Mar 2, 2026, 7:00 PM EST
Fiscal year
FY2025
Accession
0000916540-26-000008

The Company reviews the carrying value of long-lived assets for impairment when events or changes in circumstances indicate that the carrying amount of an asset, or related asset group, may not be recoverable from estimated future undiscounted cash flows. Recoverability of assets to be held and used is measured by a comparison of the carrying amount of an asset or asset group to estimated undiscounted future cash flows expected to be generated by the asset or asset group. If the carrying amount of the asset or asset group exceeds its estimated future cash flows, an impairment charge is recognized by the amount for which the carrying amount of the asset exceeds the fair value of the asset. In fiscal 2025, the Company recorded asset impairment charges related to the feed and food segment long-lived assets of approximately $30.0 million and $8.6 million, respectively. In fiscal 2023, the Company recorded asset impairment charges related to the feed segment and food segment long-lived assets of approximately $2.9 million and $1.8 million, respectively. See Note 19 to the consolidated financial statements.

ITEM 8. FINANCIAL STATEMENTS AND SUPPLEMENTARY DATA

FAQ

What is Darling Ingredients Inc.'s feed ingredients — asset impairment charges?
Darling Ingredients Inc. (DAR) reported feed ingredients — asset impairment charges of $8M in Q4 2025.
How has Darling Ingredients Inc.'s feed ingredients — asset impairment charges changed year-over-year?
Darling Ingredients Inc.'s feed ingredients — asset impairment charges increased by 1003.4% year-over-year, from $725K to $8M.
What is the long-term trend for Darling Ingredients Inc.'s feed ingredients — asset impairment charges?
Over 2 years (2022 to 2025), Darling Ingredients Inc.'s feed ingredients — asset impairment charges has grown at a 92.9% compound annual growth rate (CAGR), from $8.6M to $32M.
What does feed ingredients — asset impairment charges mean?
Non-cash charges recognized when the carrying amount of an asset in the feed ingredients segment exceeds its recoverable value. This indicates that the asset is no longer expected to generate the cash flows originally anticipated. It serves as a warning sign of declining asset utility or unfavorable market shifts.

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