Ducommun Inc (DCO)

Ducommun Incorporated provides engineering and manufacturing services for products and applications used in the aerospace and defense, industrial, medical, and other industries in the United States. It operates through two segments, Electronic Systems and Structural Systems. The Electronic Systems segment provides cable assemblies and interconnect systems; printed circuit board assemblies; electronic, electromechanical, and mechanical components and assemblies, as well as lightning diversion systems; and radar enclosures, aircraft avionics racks, shipboard communications and control enclosures, wire harnesses, interconnect systems, lightning diversion strips, surge suppressors, conformal shields, and other assemblies. This segment also supplies engineered products, including illuminated pushbutton switches and panels for aviation and test systems; microwave and millimeter switches and filters for radio frequency systems and test instrumentation; and motors and resolvers for motion control, as well as provides engineering services for aerospace system design, development, integration, and testing service. The Structural Systems segment designs, engineers, and manufactures complex contoured aerostructure components assemblies and supplies, including composite and metal bonded structures, precision profile extrusions, extruded assemblies, ammunition handling systems, seals, and aerodynamic systems; designs, engineers, and manufactures contoured aluminum, titanium, and Inconel aero structure components; structural assembly products, such as winglets, engine components, fuselage structural panels; aircraft wing spoilers, fuselage skins, rotor blades, flight control surfaces, engine nacelle components, feed and eject chutes, storage magazines, custom gun mounts. It serves commercial aircraft, military fixed-wing aircraft, military and commercial rotary-wing aircraft, and space programs. The company was founded in 1849 and is headquartered in Costa Mesa, California.

Symbol
DCO
Exchange
NYSE
Sector
Industrials
Industry
Aerospace & Defense
Market cap
$2.60B
52 week range
84.76 - 210.39

Valuation

Share price
$172.51 (close of 2026-09-23)
P/E (TTM)
-120.64x
Price to book
3.77x
Price to free cash flow
-106.45x
Enterprise value
$2.90B
Book value per share
$45.73

Price performance

PeriodChange
1 day+2.63%
5 days+3.72%
1 month-9.99%
3 months+6.32%
6 months+40.56%
Year to date+81.34%
1 year+83.70%
3 years+301.65%
5 years+243.51%
10 years+666.37%
All time+6039.15%

Profitability and growth

Return on equity
-5.65%
Return on invested capital
-2.69%
Return on assets
-3.15%
Return on capital employed
-3.55%
Gross margin
26.87%
Net margin
-4.53%
EBITDA margin
-0.25%
Revenue growth
4.88%
Net income growth
-272.32%
Free cash flow growth
-342.60%

Cash flow and balance sheet

Free cash flow yield (TTM)
-0.94%
Current ratio
3.36x
Net debt to EBITDA
26.79x

Latest reported year

Period end
2025-12-31
Fiscal year
2025
Revenue
$824.84M
Cost of revenue
$603.22M
Gross profit
$221.62M
EBITDA
$-2.08M
Net income
$-37.35M
Earnings per share
$-2.50
Shares outstanding
14.94M

Income statement by year

Period endRevenueGross profitNet incomeEPS
2025-12-31$824.84M$221.62M$-37.35M$-2.50
2024-12-31$786.44M$197.26M$21.68M$1.47
2023-12-31$756.99M$163.19M$15.93M$1.16
2022-12-31$712.54M$144.30M$28.79M$2.38
2021-12-31$645.41M$142.46M$135.54M$11.41
2020-12-31$628.94M$137.74M$29.17M$2.50
2019-12-31$721.09M$152.20M$32.46M$2.82
2018-12-31$629.31M$122.60M$9.04M$0.79
2017-12-31$558.18M$103.13M$20.08M$1.78
2016-12-31$550.64M$106.54M$25.26M$2.27

Margins and returns by year

Period endGross marginNet marginReturn on equityReturn on capital
2025-12-3126.87%-4.53%-5.65%-2.69%
2024-12-3125.08%2.76%3.19%4.04%
2023-12-3121.56%2.10%2.50%3.20%
2022-12-3120.25%4.04%5.47%4.62%
2021-12-3122.07%21.00%28.56%3.39%
2020-12-3121.90%4.64%8.86%6.97%
2019-12-3121.11%4.50%11.09%8.72%
2018-12-3119.48%1.44%3.52%4.73%
2017-12-3118.48%3.60%8.52%3.46%
2016-12-3119.35%4.59%11.91%4.37%

Cash and debt by year

Period endCashDebt
2025-12-31$45.29M$300.00M
2024-12-31$37.14M$230.68M
2023-12-31$42.86M$258.18M
2022-12-31$46.25M$242.19M
2021-12-31$76.32M$280.71M
2020-12-31$56.47M$313.64M
2019-12-31$39.58M$303.00M
2018-12-31$10.26M$230.67M
2017-12-31$2.15M$218.10M
2016-12-31$7.43M$170.00M

Free cash flow by year

Period endFree cash flowStock-based compensation
2025-12-31$-48.64M$28.45M
2024-12-31$20.05M$26.95M
2023-12-31$11.54M$15.04M
2022-12-31$12.99M$10.74M
2021-12-31$-17.43M$11.21M
2020-12-31$101.00K$9.30M
2019-12-31$32.74M$7.16M
2018-12-31$28.62M$5.04M
2017-12-31$7.82M$4.67M
2016-12-31$26.27M$3.01M

Dividend history

Most recent payment
2011-02-16
Payment dateDividend per share
2011-02-16$0.07
2010-11-17$0.07
2010-08-18$0.07
2010-05-19$0.07
2010-02-17$0.07
2009-11-18$0.07
2009-08-19$0.07
2009-05-20$0.07

Investor relations

Next earnings report

Next confirmed report
2026-11-05
Consensus EPS estimate
$1.06

Past earnings dates

ReportedFiscal periodEPS estimate
2026-08-06Jun/2026$0.94
2026-05-12--
2026-02-26--
2025-11-06--
2025-08-07--
2025-05-06--
2025-02-27--
2025-02-13--

Filings and sources

Company website
ducommun.com
SEC filings
10-K, 10-Q and 8-K on EDGAR
Earnings calendar
All upcoming reports

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