Wednesday 4 November 2026
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Ducommun Incorporated
DCO Industrials Aerospace & Defense
Ducommun Incorporated’s revenue for fiscal 2025 (year ended December 2025) was $824.8 million, up 4.88% from fiscal 2024.
- Revenue
- +11.8%
- EPS
- +58.8%
- Free cash flow
- +48.5%
- Total debt
- +19.9%
Quarter to June 2026, against a year earlier
154.86
11.84
−7.10%
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Analyst price targets
Free accountTen years at a glance Fiscal years to December
| Ten-year view | Analyst estimates Powerpack | |||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Group | Line | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | TTM Jun ’26 | Trend | 10 yrs | 2026e | 2027e | 2028e | Next 3/yr |
| Income, $m | ||||||||||||||||||
| Income, $m | Revenue | 551 | 558 | 629 | 721 | 629 | 645 | 713 | 757 | 786 | 825 | 865 | +4.6% | 884 | 969 | 1,065 | +8.9% | |
| Gross margin, % | 19.35 | 18.48 | 19.48 | 21.11 | 21.90 | 22.07 | 20.25 | 21.56 | 25.08 | 26.87 | 27.43 | +7.5 pt | ||||||
| EBT | 38 | 8 | 10 | 38 | 32 | 170 | 33 | 16 | 27 | (47) | (29) | n/m | ||||||
| EBT margin, % | 6.92 | 1.36 | 1.63 | 5.24 | 5.08 | 26.41 | 4.68 | 2.16 | 3.42 | (5.73) | (3.34) | (12.6) pt | ||||||
| Net income | 25 | 20 | 9 | 32 | 29 | 136 | 29 | 16 | 22 | (37) | (21) | n/m | ||||||
| Per share, $ | ||||||||||||||||||
| Per share, $ | Revenue | 49.38 | 49.44 | 55.25 | 62.61 | 53.87 | 54.33 | 59.01 | 55.19 | 53.23 | 55.20 | 57.15 | +1.2% | |||||
| Earnings | 2.27 | 1.78 | 0.79 | 2.82 | 2.50 | 11.41 | 2.38 | 1.16 | 1.47 | (2.50) | (1.43) | n/m | ||||||
| Cash flow | 3.88 | 3.14 | 4.06 | 4.43 | 1.08 | (0.05) | 2.71 | 2.26 | 2.31 | (2.24) | (0.78) | n/m | ||||||
| Capex | (1.52) | (2.36) | (1.51) | (1.59) | (1.07) | (1.37) | (1.62) | (1.39) | (0.94) | (0.88) | (0.83) | (5.9%) | ||||||
| Free cash flow | 2.36 | 0.77 | 2.55 | 2.84 | 0.01 | (1.42) | 1.08 | 0.87 | 1.37 | (3.11) | (1.61) | n/m | ||||||
| Book value | 19.02 | 20.87 | 22.55 | 25.42 | 28.21 | 39.95 | 43.56 | 46.37 | 46.04 | 44.27 | 45.62 | +9.8% | ||||||
| Shares, m | 11 | 11 | 11 | 12 | 12 | 12 | 12 | 14 | 15 | 15 | 15 | +3.3% | ||||||
| Valuation, × | ||||||||||||||||||
| Valuation, × | P/E | 11.54 | 16.10 | 45.40 | 17.92 | 21.48 | 4.11 | 20.72 | 44.29 | 43.60 | 0.00 | 0.00 | 22.5 | |||||
| P/S | 0.53 | 0.58 | 0.66 | 0.81 | 1.00 | 0.86 | 0.84 | 0.95 | 1.20 | 1.73 | 2.92 | 0.9 | ||||||
| P/B | 1.38 | 1.37 | 1.61 | 1.99 | 1.90 | 1.17 | 1.14 | 1.13 | 1.39 | 2.16 | 3.66 | 1.5 | ||||||
| EV/Sales | 0.82 | 0.96 | 1.01 | 1.18 | 1.41 | 1.19 | 1.12 | 1.24 | 1.46 | 2.04 | 3.20 | 1.2 | ||||||
| EV/FCF | 17.18 | 61.50 | 21.87 | 25.97 | 8,391.11 | (45.37) | 61.07 | 78.56 | 56.66 | (36.20) | (113.61) | 863.2 | ||||||
| Cash, $m | ||||||||||||||||||
| Cash, $m | Operating cash flow | 43 | 35 | 46 | 51 | 13 | (1) | 33 | 31 | 34 | (33) | (12) | n/m | |||||
| Capex | (17) | (27) | (17) | (18) | (13) | (16) | (20) | (19) | (14) | (13) | (13) | (2.8%) | ||||||
| Free cash flow | 26 | 9 | 29 | 33 | 0 | (17) | 13 | 12 | 20 | (47) | (24) | n/m | ||||||
| Balance, $m | ||||||||||||||||||
| Balance, $m | Working capital | 140 | 141 | 158 | 196 | 267 | 330 | 328 | 366 | 393 | 447 | 464 | +13.8% | |||||
| Net debt | 159 | 214 | 221 | 268 | 262 | 210 | 201 | 222 | 205 | 259 | 237 | +5.5% | ||||||
| Shareholders’ equity | 212 | 236 | 257 | 293 | 329 | 475 | 526 | 636 | 680 | 661 | 690 | +13.5% | ||||||
| Returns, % | ||||||||||||||||||
| Returns, % | ROA | 4.71 | 3.71 | 1.49 | 4.52 | 3.58 | 14.93 | 2.88 | 1.49 | 1.93 | (3.23) | (1.79) | (7.9) pt | |||||
| ROIC | 4.91 | 2.17 | 3.13 | 6.26 | 4.81 | 4.46 | 3.42 | 2.11 | 2.98 | (2.43) | (0.97) | (7.3) pt | ||||||
| ROE | 12.70 | 8.97 | 3.67 | 11.81 | 9.38 | 33.72 | 5.75 | 2.74 | 3.29 | (5.57) | (3.03) | (18.3) pt | ||||||
| People | ||||||||||||||||||
| People | Employees | 2,700 | 2,600 | 2,600 | 2,800 | 2,450 | 2,480 | 2,465 | 2,265 | 2,180 | 2,130 | — | (2.6%) | |||||
| Revenue/emp, $m | 0.20 | 0.21 | 0.24 | 0.26 | 0.26 | 0.26 | 0.29 | 0.33 | 0.36 | 0.39 | — | +7.4% | ||||||
Negative figures in brackets.
estimates
Fiscal years to Dec 2025 · latest quarter Jun 2026 · fundamentals updated 26 Oct 2026
Ducommun Incorporated vs peers in Aerospace & Defense (Q) = latest quarter vs a year earlier
| Company | Market cap | P/E | Fwd P/E | Revenue growth (Q) | EPS growth (Q) | FCF growth (Q) | Gross margin (Q) | EBIT margin (Q) | Compare |
|---|---|---|---|---|---|---|---|---|---|
| MOG.B Moog Inc. | $3.7B | 29.4× | — | +15.16% (above 0%: growing) | +153.97% (above 0%: growing) | +67.52% (above 0%: growing) | 31.10% | 14.41% | Compare |
| ACHR Archer Aviation Inc. | $3.2B | — (loss-making) | — (loss-making) | — | n/m | −51.76% (below 0%: shrinking) | 14.00% | (5,584.00%) | Compare |
| FLY Firefly Aerospace, Inc. | $2.9B | — (loss-making) | — (loss-making) | +656.85% (above 0%: growing) | n/m | −185.28% (below 0%: shrinking) | 20.29% | (80.89%) | Compare |
| ATRO Astronics Corporation | $2.6B | 33.0× | 22.5× | +27.01% (above 0%: growing) | +2,362.46% (above 0%: growing) | +299.44% (above 0%: growing) | 33.43% | 15.57% | Compare |
| VVX V2X, Inc. | $2.5B | 25.6× | 24.7× | +8.94% (above 0%: growing) | +30.77% (above 0%: growing) | +81.15% (above 0%: growing) | 8.13% | 4.68% | Compare |
| DCO Ducommun Incorporated | $2.5B | — (loss-making) | 38.2× | +11.80% (above 0%: growing) | +58.82% (above 0%: growing) | +48.47% (above 0%: growing) | 28.02% | 12.62% | |
| LUNR Intuitive Machines, Inc. | $2.4B | — (loss-making) | — (loss-making) | +309.77% (above 0%: growing) | n/m | −197.16% (below 0%: shrinking) | 17.40% | (22.86%) | Compare |
| RDW Redwire Corporation | $2.0B | — (loss-making) | — (loss-making) | +89.56% (above 0%: growing) | n/m | +62.22% (above 0%: growing) | 27.80% | (18.87%) | Compare |
| AADX Applied Aerospace & Defense, Inc. | $1.9B | — (loss-making) | — (loss-making) | — | n/m | — | 22.22% | (57.51%) | Compare |
| Median of peers | $2.6B | 29.4× | — | +58.29% | +153.97% | +62.22% | 21.26% | (20.86%) |
Pay and ownership Proxy statement filed 13 March 2026
Chief executive’s pay
| Year | Total pay | Actually paid | $100 invested |
|---|---|---|---|
| 2025 | 10.33m | 46.19m | 177.00 |
| 2024 | 9.72m | 21.28m | 126.00 |
| 2023 | 8.28m | 8.34m | 103.00 |
| 2022 | 6.72m | 7.94m | 99.00 |
| 2021 | 6.30m | 5.44m | 93.00 |
Total pay is as the Summary Compensation Table states it; actually paid revalues the year’s share awards
at its end, as the SEC’s pay-versus-performance rule asks. $100 invested is what $100 in the company’s
shares at the start of the earliest year shown was worth at each year’s end.
Read the proxy statement
Ducommun Incorporated (DCO) Latest News
24 Sep
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13 Aug
8 Aug
6 Aug
12 May
DCO metrics, ten years each
- Revenue
- Net income
- EPS (diluted)
- EBITDA
- Free cash flow
- Operating cash flow
- Gross margin
- Operating margin
- Net margin
- Free cash flow margin
- P/E ratio
- P/S ratio
- P/B ratio
- Price to free cash flow
- EV/EBITDA
- EV/Sales
- EV/FCF
- Return on equity
- Return on assets
- Return on invested capital
- Debt to equity
- Current ratio
- Total debt
- Shares outstanding
- Book value per share
- Revenue growth
- Piotroski F-score
- Altman Z-score
- Beneish M-score