DAR vs MICC: Darling Ingredients and Magnum Ice Cream Company compared
The short version
From the latest prices and each company's SEC filings. Who's ahead on each measure, not which to buy.
- Magnum Ice Cream Company is the larger company, worth $11.3B, close to Darling Ingredients's $9.6B.
- Darling Ingredients grew revenue faster over the last year (+16.4% vs -0.5%).
- Darling Ingredients keeps more of each dollar of revenue as operating profit (14.5% vs 7.6%).
- On earnings, Magnum Ice Cream Company is the cheaper stock (32.9x vs 43.7x).
Side by side
The stronger figure is shaded where higher (or, for valuation multiples, lower) reads as better. How the implied growth works.
| Measure | DAR | MICC |
|---|---|---|
| Market cap | $9.6B | $11.3B |
| Share price | $60.26 | $17.28 |
| Revenue (last fiscal year) | $6.1B | $7.9B |
| Free cash flow (last fiscal year) | $679M | $123M |
| Revenue growth, last year | +16.4% | -0.5% |
| Revenue growth per year, last 5 fiscal years | +6.7% | +1.9% |
| Operating margin | 14.5% | 7.6% |
| Net margin | 9.1% | 3.7% |
| Return on equity | 11.4% | 46.9% |
| P/E (trailing) | 43.7x | 32.9x |
| Price / free cash flow | 14.1x | 1027.0x |
| EV / EBITDA | 9.24x | 11.4x |
| FCF growth the price implies | 0.43% | — |
| Dividend yield | — | — |
| Debt / equity | 1.08x | 11.0x |
| Fundamental grade | C | D |
| Superinvestors holding it | 4 | 0 |
| Insider purchases, last 12 months | 0 | 0 |
Results from SEC filings
Revenue and free cash flow by fiscal year, from each company's 10-K filings.
Darling Ingredients
| Year | Revenue | Free cash flow | Op. margin |
|---|---|---|---|
| 2021 | $4.7B | $430M | 18.7% |
| 2022 | $6.5B | $422M | 15.8% |
| 2023 | $6.8B | $344M | 14.0% |
| 2024 | $5.7B | $507M | 8.2% |
| 2025 | $6.1B | $679M | 4.5% |
Magnum Ice Cream Company
| Year | Revenue | Free cash flow | Op. margin |
|---|---|---|---|
| 2023 | $7.6B | $634M | 9.7% |
| 2024 | $7.9B | $792M | 9.6% |
| 2025 | $7.9B | $123M | 7.6% |
Where the revenue comes from
Darling Ingredients · by segments, 2025
Feed Ingredients$4.0B65%
Food Ingredients$1.5B25%
Fuel Ingredients$601M10%
Magnum Ice Cream Company · by segments, 2025
Europe and ANZ$3.2B40%
Americas$2.8B35%
AMEA$2.0B25%
Compare them in fullFifteen years of statements, quarterly results, DCF and IRR models, and any number of peers side by side.
Open DAR in InvestinglyQuestions
Which is bigger, Darling Ingredients or Magnum Ice Cream Company?
Magnum Ice Cream Company (MICC), at $11.3B against $9.6B.
Is DAR or MICC cheaper?
By trailing P/E, Magnum Ice Cream Company (32.9x) is cheaper than Darling Ingredients (43.7x). A lower multiple can also mean the market expects less growth.
Which grows faster, DAR or MICC?
Darling Ingredients: revenue grew +16.4% over the last year, against -0.5%.
Prices and ratios as of the last daily update; statements from SEC filings. Information only, not investment advice.