Astronics Corporation (ATRO) vs Ducommun Incorporated (DCO)

Astronics Corporation and Ducommun Incorporated are both Aerospace & Defense companies. Astronics Corporation is the larger, with a market value of $2.3B against $2.0B — 1.1× the size. Ducommun Incorporated has negative trailing earnings, so its P/E is not meaningful; Astronics Corporation trades at 28.7×. Astronics Corporation grew revenue faster over the last twelve months: 14.5% against 9.24%. Astronics Corporation has the higher net margin (8.40% vs −2.45%) and the higher return on invested capital (15.8% vs −0.97%). Across the 19 metrics below, Astronics Corporation leads on 13 and Ducommun Incorporated on 6.

Valuation

Metric ATRO DCO Aerospace & Defense median
P/E 28.68 n/m 28.48
P/S 2.42 2.34 2.95
P/B 11.48 2.93 2.68
Price to free cash flow 37.50 n/m 31.70
EV/EBITDA 16.92 117.59 16.85
EV/Sales 2.74 2.61 2.74
Earnings yield 3.49% (1.07%) 0.89%
Free cash flow yield 2.67% (1.20%) 0.00%

Profitability

Metric ATRO DCO Aerospace & Defense median
Gross margin 32.54% 27.43% 26.41%
Operating margin 13.40% (1.66%) 3.69%
Net margin 8.40% (2.45%) 2.74%
Free cash flow margin 6.44% (2.81%) 0.00%
Return on equity 33.68% (3.03%) 4.44%
Return on assets 11.24% (1.79%) 1.90%
Return on invested capital 15.79% (0.97%) 0.26%

Growth

Metric ATRO DCO Aerospace & Defense median
Revenue growth (TTM) 14.49% 9.24% 18.03%
EPS growth (last fiscal year) 276.10% (273.14%) 24.80%
Revenue growth, 5-year CAGR 11.40% 5.57% 9.73%
Net income growth, 5-year CAGR 0.00% 0.00% 0.00%

Health

Metric ATRO DCO Aerospace & Defense median
Debt to equity 1.57 0.40 0.20
Current ratio 2.97 3.36 2.85
Net debt to EBITDA 3.12 (124.40) 1.29

Dividend

Metric ATRO DCO Aerospace & Defense median
Dividend yield — — 0.91%
Payout ratio — — 0.30

Size

Metric ATRO DCO Aerospace & Defense median
Market cap 2.28b 2.00b 1.78b

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