DAR vs. TPL
DAR (Darling Ingredients Inc.) and TPL (Texas Pacific Land Corporation) are both stocks. DAR operates in Packaged Foods (Consumer Defensive), while TPL operates in Oil & Gas E&P (Energy). Over the past 10 years, DAR returned 14.80%/yr vs 37.18%/yr for TPL. At a 0.18 correlation, their price movements are largely independent.
Performance
DAR vs. TPL - Performance Comparison
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Returns By Period
In the year-to-date period, DAR achieves a 70.97% return, which is significantly higher than TPL's 42.00% return. Over the past 10 years, DAR has underperformed TPL with an annualized return of 14.80%, while TPL has yielded a comparatively higher 37.18% annualized return.
DAR
- 1D
- 2.01%
- 1M
- -4.40%
- YTD
- 70.97%
- 6M
- 68.12%
- 1Y
- 100.29%
- 3Y*
- -1.32%
- 5Y*
- -3.08%
- 10Y*
- 14.80%
TPL
- 1D
- 9.69%
- 1M
- -5.88%
- YTD
- 42.00%
- 6M
- 33.76%
- 1Y
- 9.02%
- 3Y*
- 40.33%
- 5Y*
- 21.25%
- 10Y*
- 37.18%
DAR vs. TPL - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
DAR Darling Ingredients Inc. | 70.97% | 6.86% | -32.40% | -20.37% | -9.67% | 20.13% | 105.41% | 45.95% | 6.12% | 40.43% |
TPL Texas Pacific Land Corporation | 42.00% | -21.61% | 115.31% | -32.40% | 91.29% | 73.25% | -4.69% | 44.58% | 21.96% | 51.18% |
Correlation
The correlation between DAR and TPL is 0.18, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.18 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.25 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.34 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.33 |
Correlation (All Time) Calculated using the full available price history since Sep 23, 1994 | 0.18 |
The correlation between DAR and TPL shifts across timeframes, from 0.18 (1 year) to 0.34 (5 years), reflecting how their relationship changes across market environments.
Fundamentals
DAR:
$1.86
TPL:
$7.30
DAR:
33.09
TPL:
55.75
DAR:
1.17
TPL:
33.46
DAR:
$6.31B
TPL:
$839.03M
DAR:
$898.50M
TPL:
$625.27M
DAR:
$919.03M
TPL:
$690.06M
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Return for Risk
DAR vs. TPL — Risk / Return Rank
DAR
TPL
DAR vs. TPL - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Darling Ingredients Inc. (DAR) and Texas Pacific Land Corporation (TPL). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
| DAR | TPL | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.43 | ||
| Sortino ratioReturn per unit of downside risk | +2.90 | ||
| Omega ratioGain probability vs. loss probability | 1.42 | 1.08 | +0.34 |
| Calmar ratioReturn relative to maximum drawdown | 4.10 | 0.29 | +3.81 |
| Martin ratioReturn relative to average drawdown | 8.65 | 0.55 | +8.10 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| DAR | TPL | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.62 | 0.19 | +2.43 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.08 | 0.46 | -0.54 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.38 | 0.79 | -0.41 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.13 | 0.56 | -0.43 |
Drawdowns
DAR vs. TPL - Drawdown Comparison
The maximum DAR drawdown since its inception was -97.89%, which is greater than TPL's maximum drawdown of -73.05%. Use the drawdown chart below to compare losses from any high point for DAR and TPL.
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Drawdown Indicators
| DAR | TPL | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -97.89% | -73.05% | -24.84% |
Max Drawdown (1Y)Largest decline over 1 year | -24.61% | -31.68% | +7.07% |
Max Drawdown (3Y)Largest decline over 3 years | -60.42% | -52.22% | -8.20% |
Max Drawdown (5Y)Largest decline over 5 years | -68.31% | -52.50% | -15.81% |
Max Drawdown (10Y)Largest decline over 10 years | -68.31% | -65.46% | -2.85% |
Current DrawdownCurrent decline from peak | -29.40% | -28.77% | -0.63% |
Average DrawdownAverage peak-to-trough decline | -41.14% | -27.26% | -13.88% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 11.63% | 16.70% | -5.07% |
Volatility
DAR vs. TPL - Volatility Comparison
The current volatility for Darling Ingredients Inc. (DAR) is 7.41%, while Texas Pacific Land Corporation (TPL) has a volatility of 14.43%. This indicates that DAR experiences smaller price fluctuations and is considered to be less risky than TPL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| DAR | TPL | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.41% | 14.43% | -7.02% |
Volatility (6M)Calculated over the trailing 6-month period | 20.61% | 38.02% | -17.41% |
Volatility (1Y)Calculated over the trailing 1-year period | 38.42% | 46.51% | -8.09% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 40.24% | 46.20% | -5.96% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 38.74% | 47.07% | -8.33% |
Dividends
DAR vs. TPL - Dividend Comparison
DAR has not paid dividends to shareholders, while TPL's dividend yield for the trailing twelve months is around 0.56%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DAR Darling Ingredients Inc. | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
TPL Texas Pacific Land Corporation | 0.56% | 0.74% | 1.37% | 0.83% | 1.37% | 0.88% | 2.20% | 0.22% | 0.55% | 0.30% | 0.10% | 0.22% |
Financials
DAR vs. TPL - Financials Comparison
This section allows you to compare key financial metrics between Darling Ingredients Inc. and Texas Pacific Land Corporation. You can select fields from income statements, balance sheets, and cash flow statements to easily visualize and compare the financial health of both companies.
Total Revenue: Total amount of money received from sales and other business activities
DAR vs. TPL - Profitability Comparison
DAR - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Darling Ingredients Inc. reported a gross profit of 0.00 and revenue of 1.55B. Therefore, the gross margin over that period was 0.0%.
TPL - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Texas Pacific Land Corporation reported a gross profit of 0.00 and revenue of 236.82M. Therefore, the gross margin over that period was 0.0%.
DAR - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Darling Ingredients Inc. reported an operating income of 226.77M and revenue of 1.55B, resulting in an operating margin of 14.6%.
TPL - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Texas Pacific Land Corporation reported an operating income of 182.33M and revenue of 236.82M, resulting in an operating margin of 77.0%.
DAR - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Darling Ingredients Inc. reported a net income of 134.31M and revenue of 1.55B, resulting in a net margin of 8.7%.
TPL - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Texas Pacific Land Corporation reported a net income of 142.90M and revenue of 236.82M, resulting in a net margin of 60.3%.
Frequently Asked Questions
DAR and TPL have a correlation of 0.18, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
TPL has higher volatility (14.43%) compared to DAR (7.41%). In terms of maximum drawdown, DAR dropped -97.89% vs TPL's -73.05%.
DAR currently has the higher Sharpe Ratio (2.62 vs 0.19), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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