DUCOMMUN INC /DE/ DCO
Ducommun Incorporated ("Ducommun," "the Company," "we," "us" or "our") is a leading designer and manufacturer of and provider of manufacturing solutions for high-performance products often used in high-cost-of failure applications primarily in the aerospace and defense ("A&D"), industrial, medical and other industries (collectively, "Industrial"). Ducommun differentiates itself as a full-service solution-based provider, offering innovative, value-added proprietary products and manufacturing solutions to our customers in our primary businesses of electronics, structures, and integrated solutions. We operate through two primary business segments: Electronic Systems and Structural Systems. We are the successor to a business that was founded in California in 1849 and reincorporated in Delaware in 1970.
Valuation FY2025 figures against the last close
Annual financial statements
Income statement
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $824.8M | $786.4M | $757.0M | $712.5M | $645.4M | $628.9M | $721.1M | $629.3M | $558.2M | $550.6M |
| Cost of revenue | $603.2M | $589.2M | $593.8M | $568.2M | $503.0M | $491.2M | $568.9M | $506.7M | $455.1M | $444.1M |
| Gross profit | $221.6M | $197.3M | $163.2M | $144.3M | $142.5M | $137.7M | $152.2M | $122.6M | $103.1M | $106.5M |
| SG&A | $147.8M | $148.6M | $119.7M | $98.4M | $93.6M | $89.8M | $96.0M | $84.0M | $79.1M | $77.1M |
| Operating income | -$35.7M | $42.2M | $28.9M | $39.8M | $48.9M | $45.5M | $56.2M | $23.9M | $15.6M | $29.2M |
| Interest expense | — | — | $20.8M | $11.6M | $11.2M | $13.7M | $18.3M | $13.0M | $8.9M | $8.9M |
| Pre-tax income | -$47.2M | $26.9M | $16.4M | $33.3M | $170.5M | $32.0M | $37.8M | $10.3M | $7.6M | $38.1M |
| Income tax | $9.9M | $5.2M | $451.0K | $4.5M | $34.9M | $2.8M | $5.3M | $1.2M | $12.5M | $12.9M |
| Net income | -$37.4M | $21.7M | $15.9M | $28.8M | $135.5M | $29.2M | $32.5M | $9.0M | $20.1M | $25.3M |
| EPS, basic | -2.50 | 1.47 | 1.16 | 2.38 | 11.41 | 2.50 | 2.82 | 0.79 | 1.78 | 2.27 |
| EPS, diluted | -2.50 | 1.44 | 1.14 | 2.33 | 11.06 | 2.45 | 2.75 | 0.77 | 1.74 | 2.24 |
| Shares, diluted (wtd. avg.) | $14.9M | $15.0M | $14.0M | $12.4M | $12.3M | $11.9M | $11.8M | $11.7M | $11.6M | $11.3M |
Balance sheet
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and equivalents | $37.1M | $29.4M | $32.1M | $46.2M | $76.3M | $56.5M | $39.6M | $10.3M | $2.1M | $7.4M |
| Receivables | $118.0M | $106.6M | $104.5M | $104.0M | $72.3M | $58.0M | $67.1M | $67.8M | $74.1M | $76.2M |
| Inventory | $198.6M | $201.8M | $208.2M | $171.2M | $150.9M | $129.2M | $112.5M | $101.1M | $122.2M | $119.9M |
| Total current assets | $596.3M | $569.5M | $563.0M | $527.3M | $492.6M | $410.3M | $340.8M | $284.1M | $221.0M | $225.9M |
| Property, plant and equipment | $108.9M | $111.3M | $112.1M | $106.2M | $102.4M | $110.0M | $115.2M | $107.0M | $110.3M | $101.6M |
| Goodwill | $244.6M | $244.6M | $244.6M | $203.4M | $203.7M | $170.8M | $170.9M | $136.1M | $117.4M | $82.6M |
| Other intangibles | $141.2M | $158.0M | $162.1M | $127.2M | $141.8M | $124.7M | $138.4M | $112.1M | $114.7M | $101.6M |
| Total assets | $1.14B | $1.13B | $1.13B | $1.02B | $978.7M | $837.3M | $790.4M | $644.7M | $566.8M | $515.4M |
| Accounts payable | $84.1M | $76.8M | $84.3M | $90.1M | $66.1M | $64.0M | $82.6M | $69.3M | $51.9M | $57.0M |
| Short-term debt | $5.0M | $12.5M | $7.8M | $6.2M | $7.0M | $7.0M | $7.0M | $2.3M | $0 | $3.0K |
| Total current liabilities | $182.5M | $185.1M | $187.9M | $199.4M | $162.6M | $142.9M | $144.7M | $126.5M | $80.2M | $86.3M |
| Long-term debt | $300.0M | $230.7M | $258.2M | $242.2M | $280.7M | $313.6M | $303.0M | $230.7M | $218.1M | $170.0M |
| Total liabilities | $433.3M | $476.9M | $485.9M | $495.5M | $504.1M | $508.0M | $497.6M | $387.9M | $331.2M | $303.3M |
| Retained earnings | $457.8M | $427.7M | $428.3M | $406.1M | $377.3M | $241.7M | $212.6M | $180.4M | $161.4M | $141.3M |
| Total equity | $705.8M | $655.3M | $636.1M | $526.0M | $474.6M | $329.3M | $292.8M | $256.8M | $235.6M | $212.1M |
Cash flow
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | -$33.4M | $34.2M | $31.1M | $32.7M | -$565.0K | $12.6M | $51.0M | $46.2M | $35.4M | $43.3M |
| Depreciation and amortisation | $16.4M | $16.3M | $15.5M | $14.5M | $28.4M | $13.8M | $13.5M | $13.5M | $13.2M | $13.3M |
| Stock-based compensation | $28.5M | $26.9M | $15.0M | $10.7M | $11.2M | $9.3M | $7.2M | $5.0M | $4.7M | $3.0M |
| Capital expenditure | $15.2M | $14.1M | $19.5M | $19.7M | $16.9M | $12.5M | $18.3M | $17.6M | $27.6M | $17.0M |
| Investing cash flow | -$13.1M | -$13.9M | -$133.5M | -$19.2M | $57.8M | -$5.5M | -$94.9M | -$47.9M | -$86.2M | $34.9M |
| Financing cash flow | $54.7M | -$26.0M | $99.0M | -$43.5M | -$37.3M | $9.7M | $73.2M | $9.8M | $45.5M | -$76.2M |
Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001628280-26-032536.
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