undamentalytics Newsletter
Sign in

Ducommun Inc (DCO) stock

Add to watchlist

Add holding +

NYSE: DCO NYSE Aerospace & Defense Next results ~November 5, 2026

C Fundamentals grade

Ducommun Inc is a US-listed company in the aerospace & defense industry. Its financial year ends in December.

Stock price today

Loading chart…

Third-party market data · may be delayed

Model estimate per share

~$37

Valuation models combined (3)

Base case. Range ~$33–$41. Weighted average of 3 models (residual income, justified price-to-book, revenue-to-maturity model).

Price vs value

No Buy/Hold/Sell rating is issued: valued with our growth model, which doesn't carry a Buy/Hold/Sell rating yet.

Ducommun Inc valuation: adjust assumptions and compare models →

Who’s trading

What company insiders, investment funds and members of Congress have been doing with the stock, from their own filings.

Value diary

Our note on each quarter Ducommun files

Where Ducommun stands after its latest 10-Q

Revenue for the twelve months to July 2026 was $865m, up 9.2% on a year earlier, faster than the 6.9% growth a quarter earlier. Free-cash-flow margin fell to -2.8% from 5.1% a year earlier. Operating margin narrowed to -1.7% from 6.2%. Against its peers on growth, profitability, cash generation and balance sheet, it grades D. It passes 3 of our 6 financial-health checks.

Source: 10-Q filed August 6, 2026 on SEC EDGAR · Financials · Valuation

Written from the company's filings and our models when each quarter's report arrives. Figures in older notes are as published at the time. Not investment advice.

The Fundamentalytics view

Next results ~November 5, 2026 (estimated)

Ducommun Inc's trailing-twelve-month revenue grew 9.2% year on year, with a free-cash-flow margin of -2.8%.

Current signal Revenue growth accelerating: TTM revenue growth rose to 9.2% (+2.4pp vs the prior quarter).

Assembled from SEC-filed figures — the full workings are on this page and in our methodology. Observations, not recommendations.

Highlights

How we pick these

Strengths

  • Beating expectations. Earnings per share beat the analysts' consensus estimate in each of the last four quarters.

Things to watch

  • Results due soon. Results are expected around 5 November; the share price can move sharply on the day.
  • Loss-making. Operating margin is -1.7%: costs exceed revenue.
  • Margins narrowing. Operating margin is down 7.8 points on a year ago.
  • Burning cash. Free cash flow was -2.8% of revenue over the last 12 months.

Latest results: FY2026 Q2

Filed August 6, 2026
Earnings per share
$1.18 against an average estimate of $0.98: beat by 20.2%
Revenue
$224m, up 11.8% on a year earlier
Share reaction
+2.8% in the first session after the results on August 6, 2026, against +0.5% for the S&P 500
Guidance given
adjusted EBITDA margin 18% (VISION 2027)
Next report
November 5, 2026; average EPS estimate $1.15

Ducommun's figures from its SEC filings and results release; estimates are the analysts' average. Not a recommendation.

Price chart

  • 1 day+2.1%
  • 1 week+0.1%
  • 1 month-6.7%
  • This year+72.0%
  • 1 year+78.4%
  • 5 years+219.5%
  • S&P 500 this year+11.2%

Closing prices to 2026-11-02. Price change only, dividends excluded.

Loading chart…

Third-party market data · may be delayed

At a glance

Trailing twelve months, from SEC filings

Profitability

Revenue (TTM)
$865M
Operating margin
-1.7%
Net margin
-2.5%
EPS (TTM, diluted)
$-1.38

Growth

Revenue growth
+9.2%
Change in growth rate
+2.4 pts
Share count change
+1.7%

Cash

Free cash flow (TTM)
-$24.5M
FCF margin
-2.8%
Stock pay % of revenue
3.0%

Earnings

Last results
August 6, 2026
Next results (est.)
November 5, 2026

News & updates

Updated October 31, 2026

Company announcements, filed results and changes that matter to shareholders.

  1. Insider trade
  2. Results
  3. Guidance

Refreshed hourly when new source data is available. Summaries are checked against company releases and SEC filings. Company announcement headlines are labelled when a checked summary is unavailable.

Valuation

Ducommun Inc valuation models and calculator

Fundamentalytics rating

model v1.6 · 2026-11-03

Not rated: valued with our growth model, which doesn't carry a Buy/Hold/Sell rating yet.

Valuation models

We value Ducommun Inc as an operating company, with every model that fits that kind of business. Cost of equity 9.7%: the 10-year Treasury yield (4.9%) plus a beta of 1.06 times a 4.5% equity risk premium.

Value per share by model
Model Value per share In the combined value?
Growth cash-flow model Revenue for this year and next from analysts' consensus, then growth fading to 2.5%; the operating margin moving to profitable peers'; investment needed per dollar of growth from peers; reduced by a failure probability. For young or fast-growing companies. The starting margin is normalized to between -100% and 60%; net margin is a proxy when operating income is not tagged. Uses analysts' consensus estimates (third-party data), not our forecasts. ~$27 ~$14–$36 Left out: out of range vs price (0.17x)
Forward price-to-earnings vs peers Next year's consensus earnings per share times peers' typical (harmonic-mean) forward price-to-earnings. Uses analysts' consensus estimates (third-party data), not our forecasts. ~$130 ~$100–$180 Left out: far from the other models (more than 3x away from their median)
Residual income Book value plus the present value of returns above the cost of equity, fading over ten years. ~$37 ~$27–$52 Included
Justified price-to-book Book value times (return on equity - growth) / (cost of equity - growth): steady-state returns. ~$33 ~$29–$39 Included
Forward price-to-sales vs peers Next year's consensus sales per share times peers' typical forward price-to-sales; only when earnings are negative. Uses analysts' consensus estimates (third-party data), not our forecasts. ~$0.0 ~$110–$350 Left out: out of range vs price (0.00x)
Revenue-to-maturity model Revenue grown to maturity with the cash margin moving to the industry's; for companies not yet profitable. ~$41 ~$29–$57 Included
Combined value Weighted average of the models that apply: the primary model (growth cash-flow model) counts double. Models more than 5x or less than 0.2x the share price, or more than 3x away from the other models' median, are left out. ~$37 ~$33–$41 3 models

Different models fail in different ways, so where several apply we average them rather than trust one. Peer-based models compare Ducommun Inc with Aerospace & Defense in our coverage, using third-party market data. Model values are estimates under stated assumptions, updated as new filings arrive; not price targets or investment advice. How each model works.

Valuation multiples over time Market data may be delayed

At fiscal year end 20152016201720182019202020212022202320242025Now
Share price$16.22$25.56$28.45$36.32$50.53$53.70$46.77$49.96$52.06$63.66$95.13$163.65
Market value$179m$289m$329m$423m$596m$641m$573m$618m$727m$956m$1.4bn$2.5bn
+ Net debt (− = net cash)$240m$163m$216m$223m$270m$264m$211m$202m$223m$206m$260m$238m
Enterprise value$419m$451m$545m$646m$866m$905m$784m$820m$951m$1.2bn$1.7bn$2.8bn
Multiples
Price / sales 0.3x0.5x0.6x0.7x0.8x1.0x0.9x0.9x1.0x1.2x1.7x2.9x
Price / earnings —11.4x16.4x46.9x18.4x22.0x4.2x21.5x45.7x44.1x——
Price / free cash flow 23.0x11.0x42.0x14.8x18.2xn/m—47.6x63.0x47.7x——
EV / EBITDA —8.7x14.2x13.1x10.2x12.2x10.2x11.5x15.5x15.4x—143.5x

Market value uses the period's diluted share count; figures for each fiscal year use that year's results and the price at year end. "Now" uses today's price and the last twelve months.

Moat

30 /100

Weak moat

How hard Ducommun's competitive advantage looks for rivals to wear away, judged from 10 years of its own filings: returns on capital, pricing power, profit durability, cash conversion and discipline.

  • Returns on capital 4 / 20

    Cash operating profit has been a median 4.4% of total assets over 10 years.

  • Pricing power 8 / 20

    Gross margin has been a median 21.2%, moving by 2.7 percentage points (standard deviation) across 10 years.

  • Durability 0 / 20

    Operating margin has been a median 5.5%; its worst year was -1.7%.

  • Cash conversion 8 / 20

    Free cash flow was positive in 7 of 10 years, at a median 2.4% of revenue.

  • Discipline 10 / 20

    The diluted share count rose 26.8% over five years; stock-based pay has been a median 1.6% of revenue.

AI disruption exposure: Low. In this industry, the business rests on physical assets, regulated networks or products AI itself depends on.

A rules-based reading of reported figures, not a forecast and not investment advice. How the score is built: methodology.

Forecasts and guidance

Next results: November 5, 2026, before the open. Analysts expect revenue of $222m and EPS of $1.15 (range $1.06 to $1.21) for the quarter.

Analysts' consensus

Fiscal yearEPSGrowthRevenueGrowth
Current $4.35 +16% $884m +7%
Next $5.35 +23% $969m +10%

Next year's EPS estimate has moved +4.5% in 90 days, across 6 analysts.

How the EPS forecast has moved

The consensus EPS forecast for the current fiscal year is +4.5% on 90 days ago. In the last 30 days, 0 analysts raised Ducommun Inc's forecast and 1 cut it.

Consensus EPS forecast Ducommun Inc, last 90 days
$4.00 $4.50 $5.00 $5.50 90 days ago 60 days ago 30 days ago 7 days ago Now Current fiscal year, 90 days ago: $4.16 Current fiscal year, 60 days ago: $4.38 Current fiscal year, 30 days ago: $4.38 Current fiscal year, 7 days ago: $4.35 Current fiscal year, Now: $4.35 $4.35 Next fiscal year, 90 days ago: $5.12 Next fiscal year, 60 days ago: $5.36 Next fiscal year, 30 days ago: $5.36 Next fiscal year, 7 days ago: $5.37 Next fiscal year, Now: $5.35 $5.35

Average of analysts' published estimates (third-party data).

View chart data
Period Current fiscal yearNext fiscal year
90 days ago $4.16$5.12
60 days ago $4.38$5.36
30 days ago $4.38$5.36
7 days ago $4.35$5.37
Now $4.35$5.35

Earnings against estimates

Quarter toEstimateActualSurprise
Jun 2026 $0.98 $1.18 +20.2%
Mar 2026 $0.72 $0.75 +4.0%
Dec 2025 $0.96 $1.05 +8.9%
Sept 2025 $0.95 $0.99 +3.9%

Adjusted EPS as companies report it, against the average analyst estimate.

Management guidance

Earnings release, August 6, 2026
  • Adjusted EBITDA margin VISION 2027 about 18% Non-GAAP
    “Adjusted EBITDA expanded by 130 bps year-over-year from 15.8% to 17.1% and DCO is in excellent shape working towards the VISION 2027 financial goal of 18% Adjusted EBITDA.” source

Figures and quotations are management's, copied from the company's own press release (SEC 8-K exhibit) and checked word for word against it. Forward-looking statements are the company's expectations, not ours and not advice; guidance can change or be missed.

Analyst recommendations

6 analysts, Oct 2026
Buy583%
Hold117%
Sell00%

Monthly trend

  1. Oct 2026516
  2. Sep 2026415
  3. Aug 2026415
  4. Jul 2026415

Counts of recommendations published by analysts covering Ducommun Inc, by month. Source: Aggregated broker recommendations (third-party data). Aggregated counts only: we do not reproduce any firm's recommendation or price target, and these are not Fundamentalytics ratings.

Positioning

Short interest
6.4%
of tradable shares
Days to cover
4.3
at average volume
Short interest, 1 month
+8%
to October 15, 2026
Held by institutions
—
of shares
Held by insiders
4.4%
of shares
Employees
2,130
full time

Consensus figures average analysts' published estimates (third-party data); guidance is the company's own. Neither is our forecast. Short interest is reported twice a month and lags. Market data may be delayed.

This section is general information, not investment advice or a personal recommendation, and it does not take account of your objectives or circumstances. Forecasts and guidance are estimates, not promises: companies miss their own guidance and analysts' figures are often revised. Prices can fall as well as rise, and you can lose money. See our disclaimer.

Share-price performance

Market data may be delayed

What moved the share price

Last 12 months +78.4%

$91.75 on October 31, 2025 to $163.65

ThenNowEffect
Revenue (last 12 months) $792m $865m +9.2%
P/S multiple 1.8x 2.9x +66.0%
Share count 15m 15m −1.7%

Biggest factor: p/s multiple. Loss-making at one end, so the split uses price/sales.

Last 3 years +237.4%

$48.50 on November 3, 2023 to $163.65

ThenNowEffect
Revenue (last 12 months) $743m $865m +16.4%
P/S multiple 0.8x 2.9x +250.3%
Share count 13m 15m −17.2%

Biggest factor: p/s multiple. Loss-making at one end, so the split uses price/sales.

The effects multiply back to the price change exactly. Results are the last 12 months as known on each date (filings assumed public 45 days after quarter end).

Return and risk by year

Calendar year 202120222023202420252026 to date
Return
DCO−13%+7%+4%+22%+49%+72%
Industry peers (median)−4%−11%+14%+22%+16%−12%
S&P 500+29%−18%+26%+25%+18%+11%
Months that ended higher
DCO33%42%58%58%58%64%
S&P 50075%42%67%75%75%46%
Largest fall from a high during the year
DCO−34%−31%−30%−12%−24%−24%
S&P 500−5%−25%−10%−8%−19%−9%

Worst fall since November 2, 2015: 71% from February 21, 2020 to March 18, 2020. Getting back needed a 243% gain, reached on January 12, 2021, 300 days after the low.

Price behaviour

52-week range
$86.41 – $206.98
From 52-week high
−20.9%
vs 50-day average
−3.5%
vs 200-day average
+6.5%
Volatility (1 year)
40%
Beta vs S&P 500
1.37

Volatility is the annualised standard deviation of daily returns. Beta 1.5 means the shares typically moved 1.5% for each 1% move in the S&P 500 over the past year. Prices to November 2, 2026.

Share price after results

Next day
6 up, 6 down
typical move ±3.7%
After a week
9 up, 3 down
typical move ±4.2%
After a month
5 up, 7 down
typical move ±7.9%
Results releasedNext dayS&P 500 next day5 days21 days
August 6, 2026 +2.8% +0.5% +3.8% −12.2%
May 12, 2026 +7.4% +0.4% +0.8% +17.3%
February 26, 2026 −2.5% −1.0% +2.7% −4.7%
November 6, 2025 −2.5% −1.0% −0.5% −2.0%
August 7, 2025 −2.2% +0.7% +0.1% 0.0%
May 6, 2025 +8.8% −0.4% +12.8% +25.2%
February 27, 2025 −4.5% −0.1% −6.3% −4.7%
November 7, 2024 +3.7% +1.2% +3.4% −7.3%
August 8, 2024 +3.3% +2.8% +8.0% +5.3%
May 8, 2024 +3.6% +0.6% +4.0% +5.1%
February 15, 2024 −3.2% +0.2% −3.8% −2.3%
November 8, 2023 −0.4% −0.7% +3.7% +9.0%

From the close before the release date to the close 1, 5 and 21 trading days after it, so releases before the open and after the close are both captured. Past moves don't predict future ones.

Ducommun Inc in five measures

Fundamentals grade C
Growth Profitability Cash Balance sheet

Growth, profitability, cash generation and balance sheet are percentiles against the companies we cover in the same industry, from SEC filings (100 = best). Value compares the share price with our modelled value range (50 = at our base value; higher = cheaper). A description of reported data and our model — not a quality score or advice.

Fundamentals

Revenue (TTM) Ducommun Inc
$750M $800M $850M $900M FY23 Q3 FY24 Q2 FY25 Q1 FY26 Q2 Revenue (TTM), FY23 Q3: $753M Revenue (TTM), FY23 Q4: $757M Revenue (TTM), FY24 Q1: $767.5M Revenue (TTM), FY24 Q2: $776.3M Revenue (TTM), FY24 Q3: $781.5M Revenue (TTM), FY24 Q4: $786.4M Revenue (TTM), FY25 Q1: $787.2M Revenue (TTM), FY25 Q2: $791.9M Revenue (TTM), FY25 Q3: $804.9M Revenue (TTM), FY25 Q4: $824.8M Revenue (TTM), FY26 Q1: $841.4M Revenue (TTM), FY26 Q2: $865.1M $865.1M

Source: SEC EDGAR filings. Retrieved October 29, 2026.

View chart data
Period Revenue (TTM)
FY23 Q3 $753M
FY23 Q4 $757M
FY24 Q1 $767.5M
FY24 Q2 $776.3M
FY24 Q3 $781.5M
FY24 Q4 $786.4M
FY25 Q1 $787.2M
FY25 Q2 $791.9M
FY25 Q3 $804.9M
FY25 Q4 $824.8M
FY26 Q1 $841.4M
FY26 Q2 $865.1M
Revenue growth, TTM YoY Ducommun Inc
0% 5% 10% FY23 Q3 FY24 Q2 FY25 Q1 FY26 Q2 Revenue growth, TTM YoY, FY23 Q3: 9.3% Revenue growth, TTM YoY, FY23 Q4: 6.2% Revenue growth, TTM YoY, FY24 Q1: 5.1% Revenue growth, TTM YoY, FY24 Q2: 4.4% Revenue growth, TTM YoY, FY24 Q3: 3.8% Revenue growth, TTM YoY, FY24 Q4: 3.9% Revenue growth, TTM YoY, FY25 Q1: 2.6% Revenue growth, TTM YoY, FY25 Q2: 2.0% Revenue growth, TTM YoY, FY25 Q3: 3.0% Revenue growth, TTM YoY, FY25 Q4: 4.9% Revenue growth, TTM YoY, FY26 Q1: 6.9% Revenue growth, TTM YoY, FY26 Q2: 9.2% 9.2%

Source: SEC EDGAR filings. Retrieved October 29, 2026.

View chart data
Period Revenue growth, TTM YoY
FY23 Q3 9.3%
FY23 Q4 6.2%
FY24 Q1 5.1%
FY24 Q2 4.4%
FY24 Q3 3.8%
FY24 Q4 3.9%
FY25 Q1 2.6%
FY25 Q2 2.0%
FY25 Q3 3.0%
FY25 Q4 4.9%
FY26 Q1 6.9%
FY26 Q2 9.2%
Operating margin (TTM) Ducommun Inc
-10% -5% 0% 5% 10% FY23 Q3 FY24 Q2 FY25 Q1 FY26 Q2 Operating margin (TTM), FY23 Q3: 3.9% Operating margin (TTM), FY23 Q4: 3.8% Operating margin (TTM), FY24 Q1: 4.6% Operating margin (TTM), FY24 Q2: 4.3% Operating margin (TTM), FY24 Q3: 5.2% Operating margin (TTM), FY24 Q4: 5.4% Operating margin (TTM), FY25 Q1: 4.4% Operating margin (TTM), FY25 Q2: 6.2% Operating margin (TTM), FY25 Q3: -5.2% Operating margin (TTM), FY25 Q4: -4.3% Operating margin (TTM), FY26 Q1: -3.0% Operating margin (TTM), FY26 Q2: -1.7% -1.7%

Source: SEC EDGAR filings. Retrieved October 29, 2026.

View chart data
Period Operating margin (TTM)
FY23 Q3 3.9%
FY23 Q4 3.8%
FY24 Q1 4.6%
FY24 Q2 4.3%
FY24 Q3 5.2%
FY24 Q4 5.4%
FY25 Q1 4.4%
FY25 Q2 6.2%
FY25 Q3 -5.2%
FY25 Q4 -4.3%
FY26 Q1 -3.0%
FY26 Q2 -1.7%
FCF margin (TTM) Ducommun Inc
-10% -5% 0% 5% 10% FY23 Q3 FY24 Q2 FY25 Q1 FY26 Q2 FCF margin (TTM), FY23 Q3: 2.0% FCF margin (TTM), FY23 Q4: 1.5% FCF margin (TTM), FY24 Q1: 3.8% FCF margin (TTM), FY24 Q2: 3.3% FCF margin (TTM), FY24 Q3: 3.6% FCF margin (TTM), FY24 Q4: 2.5% FCF margin (TTM), FY25 Q1: 2.9% FCF margin (TTM), FY25 Q2: 5.1% FCF margin (TTM), FY25 Q3: 5.6% FCF margin (TTM), FY25 Q4: -5.9% FCF margin (TTM), FY26 Q1: -4.3% FCF margin (TTM), FY26 Q2: -2.8% -2.8%

Source: SEC EDGAR filings. Retrieved October 29, 2026.

View chart data
Period FCF margin (TTM)
FY23 Q3 2.0%
FY23 Q4 1.5%
FY24 Q1 3.8%
FY24 Q2 3.3%
FY24 Q3 3.6%
FY24 Q4 2.5%
FY25 Q1 2.9%
FY25 Q2 5.1%
FY25 Q3 5.6%
FY25 Q4 -5.9%
FY26 Q1 -4.3%
FY26 Q2 -2.8%

Data: SEC EDGAR XBRL company facts (as filed in 10-K/10-Q); forms 10-K, 10-K/A, 10-Q. Generated November 3, 2026. Definitions in our methodology.

Financial statements

US$ millions unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

Fiscal year 2009 Dec 2009 2010 Dec 2010 2011 Dec 2011 2012 Dec 2012 2013 Dec 2013 2014 Dec 2014 2015 Dec 2015 2016 Dec 2016 2017 Dec 2017 2018 Dec 2018 2019 Dec 2019 2020 Dec 2020 2021 Dec 2021 2022 Dec 2022 2023 Dec 2023 2024 Dec 2024 2025 Dec 2025 LTM Jul 2026
Income
Revenue 431 408 581 747 737 742 666 551 558 629 721 629 645 713 757 786 825 865
Gross profit — — 106 144 124 140 101 107 103 123 152 138 142 144 163 197 222 237
EBITDA 30 40 −13 86 70 81 −48 52 38 49 85 74 77 71 61 76 −2 19
Operating income 16 26 −34 57 39 52 −75 29 16 24 56 46 49 40 29 42 −36 −14
Net income 10 20 −48 18 11 20 −75 25 20 9 32 29 136 29 16 22 −37 −21
Diluted EPS $0.97 $1.87 −$4.52 $1.66 $1.05 $1.79 −$6.78 $2.24 $1.74 $0.77 $2.75 $2.45 $11.06 $2.33 $1.14 $1.44 −$2.50 −$1.38
Growth (year on year)
Revenue — −5.2% +42.2% +28.6% −1.4% +0.7% −10.2% −17.3% +1.4% +12.7% +14.6% −12.8% +2.6% +10.4% +6.2% +3.9% +4.9% +9.2%
EBITDA — +34.3% −131.6% — −18.7% +15.0% −160.0% — −26.1% +27.9% +71.8% −12.0% +3.9% −7.8% −13.7% +23.0% −102.7% −76.8%
Operating income — +62.6% −228.9% — −31.0% +31.7% −245.5% — −46.5% +53.0% +135.1% −19.1% +7.4% −18.6% −27.3% +46.0% −184.6% −129.4%
Net income — +94.5% −340.2% — −35.4% — −476.9% — −20.5% −55.0% — −10.1% +364.6% −78.8% −44.7% +36.1% −272.3% −170.3%
Diluted EPS — +92.8% −341.7% — −36.7% — −478.8% — −22.3% −55.7% — −10.9% +351.4% −78.9% −51.1% +26.3% −273.6% −169.1%
Margins
Gross margin — — 18.2% 19.3% 16.9% 18.9% 15.1% 19.3% 18.5% 19.5% 21.1% 21.9% 22.1% 20.3% 21.6% 25.1% 26.9% 27.4%
EBITDA margin 6.9% 9.8% −2.2% 11.6% 9.5% 10.9% −7.3% 9.5% 6.9% 7.8% 11.7% 11.8% 12.0% 10.0% 8.1% 9.6% −0.3% 2.2%
Operating margin 3.8% 6.5% −5.9% 7.6% 5.3% 7.0% −11.3% 5.3% 2.8% 3.8% 7.8% 7.2% 7.6% 5.6% 3.8% 5.4% −4.3% −1.7%
Net margin 2.4% 4.9% −8.2% 2.4% 1.5% 2.7% −11.2% 4.6% 3.6% 1.4% 4.5% 4.6% 21.0% 4.0% 2.1% 2.8% −4.5% −2.5%
Free-cash-flow margin 5.4% 4.7% −3.0% 4.2% 4.6% 4.8% 1.2% 4.8% 1.4% 4.5% 4.5% 0.0% −2.7% 1.8% 1.5% 2.5% −5.9% −2.8%
Cash flow
Cash from operations 31 26 −3 48 46 53 24 43 35 46 51 13 −1 33 31 34 −33 −12
Capital spending 8 7 15 16 12 18 16 17 28 18 18 13 17 20 20 14 15 13
Free cash flow 23 19 −18 32 34 35 8 26 8 29 33 0 −17 13 12 20 −49 −24
Stock-based pay 2 3 2 2 2 4 3 3 5 5 7 9 11 11 15 27 28 26
Free cash flow after stock pay 21 17 −20 30 31 32 4 23 3 24 26 −9 −29 2 −4 −7 −77 −50
Balance sheet
Cash 19 10 41 47 49 46 5 7 2 10 40 56 76 46 43 37 45 40
Total debt 0 — 392 366 290 290 245 170 218 233 310 321 288 248 266 243 305 278
Net debt (negative = net cash) −19 −10 351 319 241 244 240 163 216 223 270 264 211 202 223 206 260 238
Diluted shares 11m 11m 11m 11m 11m 11m 11m 11m 12m 12m 12m 12m 12m 12m 14m 15m 15m 15m
Returned to shareholders
Dividends 3 3 1 0 0 — — — — — — — — — — — — —
Buybacks 1 — — — — — — — — — — — — — — — — —
Total returned 4 3 1 0 0 — — — — — — — — — — — — —

Source: SEC EDGAR XBRL company facts (US and foreign periodic filings); column headings link to the filing. EBITDA is operating income plus depreciation and amortisation. Free cash flow is cash from operations minus capital spending. Growth is left blank when last year's figure was a loss or under 2% of revenue. Share counts and EPS are restated for stock splits. A dash means the company didn't report the figure.

Financial health

3 of 6 checks passed · July 4, 2026
What it owns · $1.2bn
Short-term assets $661mLonger-term assets $563m
What it owes, and who funded it · $1.2bn
Short-term liabilities $197mLonger-term liabilities $337mShareholders' equity $690m
  • Short-term assets cover short-term liabilities $661m of assets due within a year against $197m of liabilities due within a year.
  • Short-term assets cover long-term liabilities $661m short-term assets against $337m of longer-dated liabilities.
  • More cash than debt $40m of cash against $278m of debt.
  • Debt below 40% of shareholders' equity Debt is 40% of equity.
  • Debt burden no higher than five years ago Debt to equity moved from 59% to 40% over five years.
  • A year's operating cash flow covers at least 20% of debt −$12m of operating cash flow against $278m of debt.
  • Operating profit covers interest at least five times over Interest not separately reported. Not assessable.

From Ducommun Inc's latest balance sheet as filed. Checks are fixed, documented rules (methodology), counted only where the company reports the figures — a dot means the filing doesn't break the item out. Descriptions of reported data, not advice.

Dividends, buybacks and capital spending

Diluted share count
+1.7%
year over year
Sales & admin spending
16.6%
of revenue
Days sales outstanding
62 days
receivables vs revenue

Competitors: side by side with peers

Closest by revenue in aerospace & defense
Last 12 months unless stated DCO ATRO RKLB CDRE KRMN LOAR Median
Revenue, last 12 months $865m $942m $769m $686m $590m $586m $769m
Revenue growth, last 12 months 9.2% 14.5% 52.5% 19.7% 50.2% 29.8% 15.5%
Revenue growth, 3-year average 5.2% 14.9% 49.2% 13.6% — — 12.6%
Revenue growth, latest quarter 11.8% 27.0% 62.0% 31.8% 58.2% 39.4% 15.8%
Gross margin 27.4% 32.5% 37.3% 41.8% 41.7% 52.2% 27.8%
Operating margin −1.7% 13.4% −29.1% 10.1% 16.8% 21.9% 9.0%
Operating margin, 3-year average 2.9% 6.0% −42.0% 10.9% — 21.8% 6.0%
Net margin −2.5% 8.4% −21.5% 5.3% 6.3% 11.6% 5.5%
Cash from operations / revenue −1.4% 10.9% −28.9% 12.9% 1.0% 20.7% 5.5%
Free-cash-flow margin −2.8% 6.4% −48.3% 11.4% −4.7% 18.5% 3.4%
Free-cash-flow margin, 3-year average 1.9% 3.0% −44.8% 8.9% — 13.8% 3.0%
Stock pay / revenue 3.0% 0.8% 10.6% 1.8% 3.9% 2.9% 1.2%
Change in share count 1.7% 5.9% 15.7% 9.0% −11.4% — 3.9%

Median of all 57 companies we cover in aerospace & defense. Shaded: best of the six on that line (lowest for stock pay and share-count growth). 3-year figures average the last three 12-month periods; 3-year growth is compound annual. Source: SEC filings.

Peer comparison

57 aerospace & defense companies
Measure Company Peer median Rank
Revenue growth Growth 9.2% 15.5% 39 of 57
Change in growth rate Growth +2.4pp +2.2pp 27 of 57
Gross margin Profitability 27.4% 28.3% 25 of 46
Operating margin Profitability -1.7% 8.5% 35 of 51
Net margin Profitability -2.4% 5.5% 38 of 57
Free-cash-flow margin Cash generation -2.8% 3.4% 35 of 57
Stock pay as % of revenue Cash generation 3.0% 1.5% 30 of 53
Long-term debt as % of assets Balance sheet 22.3% 22.1% 25 of 47
Change in share count Balance sheet 1.7% 2.4% 25 of 51
Days sales outstanding Balance sheet 62 days 53 days 28 of 45

Rank 1 = best in the group (for spending, debt and dilution, lower ranks first).

Where the revenue comes from

Fiscal year to December 31, 2025
Segments
Line of business Revenue Share YoY
Electronic Systems $463M 56.1% ▲ 7.3%
Structural Systems $362M 43.9% ▲ 1.9%
Products and services
Line of business Revenue Share YoY
Military and Space $480M 58.2% ▲ 14.3%
Commercial Aerospace $308M 37.4% ▼ 7.4%
Industrial $36.5M 4.4% ▲ 9.0%

From Ducommun Inc's 10-K filed February 26, 2026, as tagged in the filing. View filing. Indented rows are part of the line above; their share is of that line. In the bars, the faint bar behind is the year before.

Who owns it

Funds buying and selling
Reported value
$2.7B
Institutions reporting
269
Shares held vs prior quarter
▲ 7.8%
Positions opened / closed
61 / 16

Top buyers and sellers, Q2 2026: 151 institutions bought and 100 sold ; the biggest buyer was FMR LLC (+621K shares) and the biggest seller Ophir Asset Management Pty Ltd (−173K). See which funds bought and sold →

Largest reported holders, June 30, 2026
Manager Value Shares Share of 13F value Shares QoQ
Blackrock, Inc. $359M 1.9M 13.3% ▲ 9.7%
State Street Corp $175M 945K 6.5% ▲ 20.3%
FMR LLC $144M 776K 5.3% ▲ 399.6%
Paradigm Capital Management Inc $143M 771K 5.3% 0.0%
Vanguard Capital Management LLC $116M 628K 4.3% ▲ 2.4%
GAMCO Investors, Inc. Et Al $79.2M 428K 2.9% ▼ 4.8%
Van Eck Associates Corp $79.2M 428K 2.9% ▲ 68.4%
Gw&K Investment Management, LLC $70.7M 382K 2.6% ▲ 22.3%
Dimensional Fund Advisors LP $67.4M 364K 2.5% ▼ 29.0%
First Eagle Investment Management, LLC $65.3M 353K 2.4% ▲ 129.4%
Geode Capital Management, LLC $64.6M 349K 2.4% ▲ 4.2%
Victory Capital Management Inc $61.2M 330K 2.3% ▲ 0.1%

From Form 13F filings with the SEC ( quarterly data sets), as reported by each manager for June 30, 2026 and filed up to 45 days later. 13F reports cover long US-listed positions of managers above $100M only, so this is not Ducommun Inc's complete shareholder register. Values are as reported by the filers ; 2 inconsistently scaled filing rows were excluded.

Insider trading activity

Full insider history and chart
Insider purchases History → $0 0 trades by 0 insiders, last 12 months Insider sales History → $9M 12 trades by 6 insiders · 0% under pre-set plans
Net ▼ $9M net selling
Insider Date Trade Shares Price Value
Oswald Stephen G Chairman, President & CEO August 18, 2026 Sell 2,500 $203.95 $509,875
Oswald Stephen G Chairman, President & CEO August 12, 2026 Sell 5,766 $201.15 $1.2M
Oswald Stephen G Chairman, President & CEO August 12, 2026 Sell 5,766 $201.15 $1.2M
Gonzalez Laureen S. V.P., CHRO May 28, 2026 Sell 589 $151.99 $89,522
Tata Rajiv A. V.P., G.C. & Corp. Secretary May 20, 2026 Sell 1,612 $145.00 $233,740
Mookerji Suman B. Sr. V.P., C.F.O. May 20, 2026 Sell 1,514 $145.00 $219,530
Redondo Jerry L S.V.P., Elec. & Struc. Systems May 14, 2026 Sell 5,682 $154.36 $877,074
Mookerji Suman B. S.V.P., CFO March 10, 2026 Sell 7,791 $131.90 $1M
Baldridge Richard A Director March 10, 2026 Sell 10,440 $130.83 $1.4M
Mookerji Suman B. Sr. V.P., C.F.O. March 4, 2026 Sell 14,709 $134.21 $2M
Redondo Jerry L S.V.P., Elec. & Struc. Systems December 10, 2025 Sell 2,000 $92.86 $185,720
Redondo Jerry L S.V.P., Elec. & Struc. Systems November 10, 2025 Sell 1,594 $93.83 $149,565

From insiders' Form 4 filings with the SEC. Excludes awards, option exercises and shares withheld for tax. "Pre-set plan" means the filing marks the trade as made under a Rule 10b5-1 plan. See every insider trade since five years ago, on a price chart.

Trades by members of Congress

All 4 trades and filings

In the last 12 months, 1 member of Congress disclosed 2 purchases and 1 sale of Ducommun Inc shares.

  • Gilbert Ray Cisneros, Jr.(D-CA 31):Sale (partial), $1,001 - $15,000, traded August 7, 2026, filed September 10, 2026
  • Gilbert Ray Cisneros, Jr.(D-CA 31):Purchase, $1,001 - $15,000, traded July 10, 2026, filed September 4, 2026
  • Gilbert Ray Cisneros, Jr.(D-CA 31):Purchase, $1,001 - $15,000, traded May 18, 2026, filed June 8, 2026

Value ranges as filed; reports can arrive up to 45 days after a trade.

Earnings dates and SEC filings

Results announcements

Next expected around November 5, 2026 estimated from the company's past filing pattern, not announced

  • August 6, 2026
  • May 12, 2026
  • February 26, 2026
  • November 6, 2025
  • August 7, 2025
  • May 6, 2025

Recent SEC filings

Data status

When each part of this page on Ducommun Inc was last updated.

DataLast updatedSource
Share priceExchange closing prices
Financial statementsSEC 10-K and 10-Q filings
News and updatesCompany releases and SEC 8-K filings
Analyst estimatesAggregated analyst estimates
Valuation and scoresOur models, from the filed figures

How we build and check these figures: methodology and data sources.

Ducommun Inc in brief

What does Ducommun Inc do?
Ducommun Inc is a US-listed company in the aerospace & defense industry. Its financial year ends in December.
What is Ducommun Inc's stock ticker?
Ducommun Inc trades under the ticker DCO on NYSE. This page brings together its financial statements, valuation models, ownership and recent company updates.
What is Ducommun Inc's revenue, and how fast is it growing?
Over its most recent trailing twelve months, Ducommun Inc reported revenue of $865M, 9.2% higher than a year earlier, according to its SEC filings.
What is Ducommun Inc's free cash flow?
Ducommun Inc's free-cash-flow margin is -2.8% of revenue over the trailing twelve months, ranking 35 of the 57 aerospace & defense companies we cover.
Who are Ducommun Inc's largest institutional shareholders?
By value reported in 13F filings for June 30, 2026, the largest reported holders are Blackrock, Inc., State Street Corp and FMR LLC. 13F reports cover long US-listed positions of managers above $100M, filed up to 45 days after quarter end.
What is Ducommun Inc's market cap?
On November 2, 2026, Ducommun Inc's market capitalisation was about $2.5B and net debt of $238M. Market figures come from third-party market data and may be delayed.
How much debt does Ducommun Inc have?
Ducommun Inc's debt-to-equity ratio is 40.2%, from its latest balance sheet (59.1% five years earlier). The financial health section below sets out its other solvency checks.
Who are Ducommun Inc's competitors?
In our Aerospace & Defense peer group, the companies closest to Ducommun Inc are Astronics Corp, Rocket Lab Corp, Cadre Holdings, Inc., Karman Holdings Inc. and Loar Holdings Inc. The side-by-side comparison below sets their revenue, margins and growth against Ducommun Inc's.
Are insiders buying or selling Ducommun Inc stock?
Over the last 12 months, Ducommun Inc's directors and officers reported 0 open-market purchases and 12 sales on Form 4. The insider trading page charts every trade.
When is Ducommun Inc's next earnings date?
Around November 5, 2026, estimated from the spacing of its past results announcements (8-K filings). That is an estimate, not a confirmed date — Ducommun Inc announces its own schedule.