Ducommun Incorporated (DCO) vs V2X, Inc. (VVX)

Ducommun Incorporated and V2X, Inc. are both Aerospace & Defense companies. Ducommun Incorporated is the larger, with a market value of $2.6B against $2.4B — 1.1× the size. Ducommun Incorporated has negative trailing earnings, so its P/E is not meaningful; V2X, Inc. trades at 26.0×. V2X, Inc. grew revenue faster over the last twelve months: 13.0% against 9.24%. V2X, Inc. has the higher net margin (1.88% vs −2.45%) and the higher return on invested capital (6.51% vs −0.97%). Across the 20 metrics below, V2X, Inc. leads on 16 and Ducommun Incorporated on 4.

Valuation

Metric DCO VVX Aerospace & Defense median
P/E n/m 25.96 33.00
P/S 3.01 0.49 3.63
P/B 3.77 2.10 3.24
Price to free cash flow n/m 16.99 34.01
EV/EBITDA 147.97 9.91 18.69
EV/Sales 3.29 0.66 3.94
Earnings yield (0.83%) 3.85% 1.31%
Free cash flow yield (0.93%) 5.88% 0.00%

Profitability

Metric DCO VVX Aerospace & Defense median
Gross margin 27.43% 8.47% 25.48%
Operating margin (1.66%) 4.19% 4.54%
Net margin (2.45%) 1.88% 2.22%
Free cash flow margin (2.81%) 2.86% 0.00%
Return on equity (3.03%) 8.35% 6.43%
Return on assets (1.79%) 2.90% 2.70%
Return on invested capital (0.97%) 6.51% 1.56%

Growth

Metric DCO VVX Aerospace & Defense median
Revenue growth (TTM) 9.24% 12.99% 18.43%
EPS growth (last fiscal year) (257.21%) 126.85% —
Revenue growth, 5-year CAGR 5.57% 26.27% 9.62%
Net income growth, 5-year CAGR 0.00% 16.08% 0.00%

Health

Metric DCO VVX Aerospace & Defense median
Debt to equity 0.40 0.92 0.24
Current ratio 3.36 1.32 2.72
Net debt to EBITDA (124.40) 2.28 1.12

Dividend

Metric DCO VVX Aerospace & Defense median
Dividend yield — — 1.04%
Payout ratio 0.00 0.00 0.00

Size

Metric DCO VVX Aerospace & Defense median
Market cap 2.64b 2.39b 2.52b

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