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.
5-year financial trends. Figures in USD millions.
Latest fiscal year: 2025
Year-by-year revenue, profitability, and cash flow (USD millions, last 10 years)
| Year | Revenue | EBITDA | Net Profit | FCF | ROE | Rev Growth 1Y | NP Growth 1Y |
|---|---|---|---|---|---|---|---|
| 2025 | $825M | $-1M | $-37M | $-49M | -5.6% | 4.9% | -272.3% |
| 2024 | $786M | $76M | $22M | $20M | 3.2% | 3.9% | 36.1% |
| 2023 | $757M | $70M | $16M | $12M | 2.5% | 6.2% | -44.7% |
| 2022 | $713M | $76M | $29M | $13M | 5.5% | - | - |
| 2021 | - | - |
Income statement, balance sheet, and cash flow as reported
Consolidated Figures in USD Millions.
| Metric | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Total Revenue | - | 712.54 | 756.99 | 786.44 | 824.84 |
| Operating Revenue | - | 712.54 | 756.99 | 786.44 | 824.84 |
| Cost Of Revenue | - | 568.24 | 593.80 | 589.18 | 603.22 |
| Gross Profit | - | 144.30 | 163.19 | 197.26 | 221.62 |
| Operating Expense | - | 98.35 | 119.73 | 148.60 | 147.81 |
| Selling General And Administration | - | 98.35 | 119.73 | 148.60 | 147.81 |
| Total Expenses | - | 666.59 | 713.53 | 737.78 | 751.03 |
| Operating Income | - | 45.95 | 43.46 | 48.66 | 73.81 |
| Total Operating Income As Reported | - | 39.79 | 28.92 | 42.22 | -35.74 |
| EBITDA | - | 76.31 | 69.72 | 75.66 | -0.91 |
| Normalized EBITDA | - | 82.77 | 84.26 | 82.10 | 109.21 |
| EBIT | - | 44.89 | 37.15 | 42.22 | -34.57 |
| Interest Expense | - | 11.57 | 20.77 | 15.30 | 12.68 |
| Net Interest Income | - | -11.57 | -20.77 | -15.30 | -12.68 |
| Other Non Operating Income Expenses | 0.27 | 5.40 | 8.24 | - | 1.75 |
| Other Income Expense | - | -1.05 | -6.31 | -6.44 | -108.38 |
| Interest Expense Non Operating | - | 11.57 | 20.77 | 15.30 | 12.68 |
| Net Non Operating Interest Income Expense | - | -11.57 | -20.77 | -15.30 | -12.68 |
| Pretax Income | - | 33.32 | 16.38 | 26.92 | -47.25 |
| Tax Provision | - | 4.53 | 0.45 | 5.24 | -9.89 |
| Tax Rate For Calcs | - | 0 | 0 | 0 | 0 |
| Tax Effect Of Unusual Items | - | -0.88 | -0.41 | -0.95 | -23.06 |
| Net Income Continuous Operations | - | 28.79 | 15.93 | 21.68 | -37.35 |
| Net Income From Continuing And Discontinued Operation | - | 28.79 | 15.93 | 21.68 | -37.35 |
| Net Income From Continuing Operation Net Minority Interest | - | 28.79 | 15.93 | 21.68 | -37.35 |
| Net Income | - | 28.79 | 15.93 | 21.68 | -37.35 |
| Net Income Common Stockholders | - | 28.79 | 15.93 | 21.68 | -37.35 |
| Net Income Including Noncontrolling Interests | - | 28.79 | 15.93 | 21.68 | -37.35 |
| Normalized Income | - | 34.36 | 30.06 | 27.17 | 49.71 |
| Diluted NI Availto Com Stockholders | - | 28.79 | 15.93 | 21.68 | -37.35 |
| Basic Average Shares | - | 12.07 | 13.72 | 14.77 | 14.94 |
| Diluted Average Shares | - | 12.37 | 13.97 | 15.01 | 14.94 |
| Reconciled Depreciation | - | 31.42 | 32.57 | 33.44 | 33.66 |
| Reconciled Cost Of Revenue | - | 568.24 | 593.80 | 589.18 | 603.22 |
| Total Unusual Items | - | -6.45 | -14.54 | -6.44 | -110.12 |
| Total Unusual Items Excluding Goodwill | - | -6.45 | -14.54 | -6.44 | -110.12 |
| Special Income Charges | - | -6.45 | -14.54 | -6.44 | -110.12 |
| Other Special Charges | - | 0.30 | - | - | 107.89 |
| Restructuring And Mergern Acquisition | - | 6.16 | 14.54 | 6.44 | 2.24 |
| Gain On Sale Of Ppe | 132.52 | 0 | 0 | - | - |
Industrials sector peers, ranked by market cap
| Company | Ticker | Market Cap | P/E | P/B | ROE | EV/EBITDA |
|---|---|---|---|---|---|---|
| Ducommun Incorporatedthis co. | DCO | $2.3B | -60.64 | 3.42 | -5.6% | -2809.95 |
| Cimpress plc | CMPR | $2.3B | 157.16 | -4.03 | -2.6% | 10.82 |
| Blue Bird Corporation | BLBD | $2.3B | 17.83 | 8.91 | 50.0% | 11.11 |
| Custom Truck One Source, Inc. | CTOS | $2.3B | -73.24 | 2.81 | -3.8% | 11.91 |
| Allegiant Travel Company | ALGT | $2.3B | - |
| - |
| - |
| - |
| - |
| - |
| 2.16 |
| -4.2% |
| 10.18 |
| American Superconductor Corporation | AMSC | $2.2B | 16.54 | 3.98 | 24.1% | 86.26 |
| TriNet Group, Inc. | TNET | $2.1B | 13.72 | 39.37 | 287.0% | 8.04 |
| The Gorman-Rupp Company | GRC | $2.1B | 38.84 | 4.97 | 12.8% | 19.39 |
| Thermon Group Holdings, Inc. | THR | $2.0B | 45.18 | 3.74 | 8.3% | 22.38 |
| Peer Median | - | 17.83 | 3.86 | 10.5% | 11.51 | |