Wednesday 14 October 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. In the quarter to June 2026, revenue grew 11.8%, EPS grew 60.7%, free cash flow grew 48.5% and total debt rose 19.9%, each against the same quarter a year earlier. Dividend growth for three consecutive years, revenue growth for five.
168.17
0.81
−0.48%
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Target Price Range
Analyst price targets
Free accountTen years at a glance Fiscal years to December
| Group | Line | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Trend | 2026e | 2027e | 2028e |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Price, $ | |||||||||||||||
| Price, $ | Low | 12.28 | 24.23 | 25.52 | 34.58 | 16.27 | 41.72 | 38.89 | 40.24 | 47.53 | 51.76 |
Analyst estimates 2026–2028 Powerpack |
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| High | 29.99 | 35.58 | 45.62 | 53.41 | 57.84 | 65.40 | 58.18 | 58.28 | 70.50 | 101.47 | |||||
| People | |||||||||||||||
| People | Employees | 2,700 | 2,600 | 2,600 | 2,800 | 2,450 | 2,480 | 2,465 | 2,265 | 2,180 | 2,130 | ||||
| Revenue/emp, $m | 0.20 | 0.21 | 0.24 | 0.26 | 0.26 | 0.26 | 0.29 | 0.33 | 0.36 | 0.39 | |||||
| Income, $m | |||||||||||||||
| Income, $m | Revenue | 551 | 558 | 629 | 721 | 629 | 645 | 713 | 757 | 786 | 825 | ||||
| Gross margin, % | 19.35 | 18.48 | 19.48 | 21.11 | 21.90 | 22.07 | 20.25 | 21.56 | 25.08 | 26.87 | |||||
| EBT | 38 | 8 | 10 | 38 | 32 | 170 | 33 | 16 | 27 | (47) | |||||
| EBT margin, % | 6.92 | 1.36 | 1.63 | 5.24 | 5.08 | 26.41 | 4.68 | 2.16 | 3.42 | (5.73) | |||||
| Net income | 25 | 20 | 9 | 32 | 29 | 136 | 29 | 16 | 22 | (37) | |||||
| Depreciation | 23 | 23 | 25 | 28 | 29 | 28 | 31 | 33 | 33 | 34 | |||||
| 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 | ||||
| Earnings | 2.27 | 1.78 | 0.79 | 2.82 | 2.50 | 11.41 | 2.38 | 1.16 | 1.47 | (2.27) | |||||
| Cash flow | 3.88 | 3.14 | 4.06 | 4.43 | 1.08 | (0.05) | 2.71 | 2.26 | 2.31 | (2.24) | |||||
| Capex | (1.52) | (2.36) | (1.51) | (1.59) | (1.07) | (1.37) | (1.62) | (1.39) | (0.94) | (0.88) | |||||
| Free cash flow | 2.36 | 0.77 | 2.55 | 2.84 | 0.01 | (1.42) | 1.08 | 0.87 | 1.37 | (3.11) | |||||
| Book value | 19.02 | 20.87 | 22.55 | 25.42 | 28.21 | 39.95 | 43.56 | 46.37 | 46.04 | 44.27 | |||||
| Shares, m | 11 | 11 | 11 | 12 | 12 | 12 | 12 | 14 | 15 | 15 | |||||
| Valuation, × | |||||||||||||||
| Valuation, × | P/E | 11.54 | 16.10 | 45.40 | 17.92 | 21.48 | 4.11 | 20.72 | 44.29 | 43.22 | 0.00 | ||||
| P/S | 0.53 | 0.58 | 0.66 | 0.81 | 1.00 | 0.86 | 0.84 | 0.95 | 1.20 | 1.72 | |||||
| P/B | 1.38 | 1.37 | 1.61 | 1.99 | 1.90 | 1.17 | 1.14 | 1.13 | 1.38 | 2.15 | |||||
| EV/Sales | 0.82 | 0.96 | 1.01 | 1.18 | 1.41 | 1.19 | 1.12 | 1.24 | 1.46 | 2.04 | |||||
| EV/FCF | 17.18 | 61.50 | 21.87 | 25.97 | 8,391.11 | (45.37) | 61.07 | 78.56 | 56.51 | (36.11) | |||||
| Cash, $m | |||||||||||||||
| Cash, $m | Operating cash flow | 43 | 35 | 46 | 51 | 13 | (1) | 33 | 31 | 34 | (33) | ||||
| Capex | (17) | (27) | (17) | (18) | (13) | (16) | (20) | (19) | (14) | (13) | |||||
| Free cash flow | 26 | 9 | 29 | 33 | 0 | (17) | 13 | 12 | 20 | (47) | |||||
| Balance, $m | |||||||||||||||
| Balance, $m | Working capital | 140 | 141 | 158 | 196 | 267 | 330 | 328 | 366 | 393 | 447 | ||||
| Total debt | 167 | 216 | 231 | 308 | 319 | 286 | 247 | 265 | 242 | 304 | |||||
| Net debt | 159 | 214 | 221 | 268 | 262 | 210 | 201 | 222 | 205 | 259 | |||||
| Shareholders’ equity | 212 | 236 | 257 | 293 | 329 | 475 | 526 | 636 | 680 | 661 | |||||
| Returns, % | |||||||||||||||
| Returns, % | ROA | 4.71 | 3.71 | 1.49 | 4.52 | 3.58 | 14.93 | 2.88 | 1.49 | 1.93 | (3.23) | ||||
| ROIC | 4.91 | 2.17 | 3.13 | 6.26 | 4.81 | 4.46 | 3.42 | 2.11 | 2.98 | (2.43) | |||||
| ROE | 12.70 | 8.97 | 3.67 | 11.81 | 9.38 | 33.72 | 5.75 | 2.74 | 3.29 | (5.57) | |||||
Negative figures in brackets.
Fiscal years to Dec 2025 · latest quarter Jun 2026
Charts ten years each
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 | 31.0× | — | +15.16% (above 0%: growing) | +153.97% (above 0%: growing) | +67.52% (above 0%: growing) | 31.10% | 14.41% | Compare |
| ACHR Archer Aviation Inc. | $3.6B | — (loss-making) | — (loss-making) | — | n/m | −51.76% (below 0%: shrinking) | 14.00% | (5,584.00%) | Compare |
| FLY Firefly Aerospace, Inc. | $3.2B | — (loss-making) | — (loss-making) | +656.85% (above 0%: growing) | n/m | −185.28% (below 0%: shrinking) | 20.29% | (80.89%) | Compare |
| LUNR Intuitive Machines, Inc. | $2.9B | — (loss-making) | — (loss-making) | +309.77% (above 0%: growing) | n/m | −197.16% (below 0%: shrinking) | 17.40% | (22.86%) | Compare |
| ATRO Astronics Corporation | $2.7B | 34.2× | 32.7× | +27.01% (above 0%: growing) | +2,362.46% (above 0%: growing) | +299.44% (above 0%: growing) | 33.43% | 15.57% | Compare |
| DCO Ducommun Incorporated | $2.6B | — (loss-making) | 38.6× | +11.80% (above 0%: growing) | +60.71% (above 0%: growing) | +48.47% (above 0%: growing) | 28.02% | 12.62% | |
| RDW Redwire Corporation | $2.3B | — (loss-making) | — (loss-making) | +89.56% (above 0%: growing) | n/m | +62.22% (above 0%: growing) | 27.80% | (18.87%) | Compare |
| VVX V2X, Inc. | $2.2B | 23.4× | 24.6× | +16.54% (above 0%: growing) | +15.49% (above 0%: growing) | −21.44% (below 0%: shrinking) | 8.71% | 4.28% | Compare |
| VOYG Voyager Technologies, Inc. | $1.7B | — (loss-making) | — (loss-making) | +15.48% (above 0%: growing) | n/m | −167.81% (below 0%: shrinking) | 8.45% | (97.46%) | Compare |
| Median of peers | $2.8B | 31.0× | — | +27.01% | +153.97% | −36.60% | 18.85% | (20.86%) |
Ducommun Incorporated (DCO) key facts
- Strength: Ducommun Incorporated’s revenue for fiscal 2025 (year ended December 2025) was $824.8 million, up 4.88% from fiscal 2024.
- Ducommun Incorporated (DCO) is an Aerospace & Defense company in the Industrials sector, listed on the New York Stock Exchange.
- As of October 14, 2026, DCO traded at $168.17, a market capitalization of $2.6 billion.
- Return on equity was −5.57% and debt-to-equity 0.40.
- Its Piotroski F-score is 4 out of 9 and its Altman Z-score is 3.15 (safe zone) for fiscal 2025.