NYSE : DCO
Ducommun Incorporated — Financial statements
Industrials · Aerospace & Defense · United States
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Financial statements
Ducommun Incorporated (DCO) reported revenue of 865.07M USD (TTM). Five years of income statement, balance sheet, cash flow and ratios below.
Income statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Revenue | 865.07M | 824.84M | 786.44M | 756.99M | 712.54M | 645.41M |
| Cost of Revenue | 627.75M | 603.22M | 587.97M | 593.49M | 567.71M | 503.85M |
| Gross Profit | 237.32M | 221.62M | 198.48M | 163.50M | 144.82M | 141.56M |
| Selling, General & Admin | 143.20M | 147.81M | 145.46M | 119.73M | 98.35M | 93.68M |
| Operating Expenses | 143.20M | 147.81M | 145.46M | 119.73M | 98.35M | 93.68M |
| Operating Income | 94.12M | 73.81M | 53.02M | 43.77M | 46.47M | 47.88M |
| Interest Expense | -13.94M | -12.68M | -15.30M | -20.77M | -11.57M | -11.19M |
| Other Non Operating Income (Expenses) | 1.75M | 4.04M | 268.00K | |||
| EBT Excluding Unusual Items | 80.19M | 62.88M | 37.72M | 27.03M | 34.90M | 36.96M |
| Merger & Restructuring Charges | -1.20M | -2.24M | -10.80M | -14.86M | -6.69M | |
| Gain (Loss) on Sale of Assets | 132.52M | |||||
| Legal Settlements | -107.31M | -107.31M | ||||
| Other Unusual Items | -581.00K | -581.00K | -295.00K | 1.00M | ||
| Pretax Income | -28.90M | -47.25M | 26.92M | 16.38M | 33.32M | 170.48M |
| Income Tax Expense | -7.71M | -9.89M | 5.24M | 451.00K | 4.53M | 34.95M |
| Net Income | -21.19M | -37.35M | 21.68M | 15.93M | 28.79M | 135.54M |
| Net Income to Common | -21.19M | -37.35M | 21.68M | 15.93M | 28.79M | 135.54M |
| Shares Outstanding (Basic) | 15.04M | 14.94M | 14.77M | 13.72M | 12.07M | 11.88M |
| Shares Outstanding (Diluted) | 15.04M | 14.94M | 15.01M | 13.97M | 12.37M | 12.25M |
| EPS (Basic) | -1.41 | -2.50 | 1.47 | 1.16 | 2.38 | 11.41 |
| EPS (Diluted) | -1.41 | -2.50 | 1.44 | 1.14 | 2.33 | 11.06 |
| Free Cash Flow | -24.47M | -48.64M | 20.05M | 11.54M | 12.99M | -17.43M |
| Free Cash Flow Per Share | -1.63 | -3.25 | 1.34 | 0.83 | 1.05 | -1.42 |
| Gross Margin | 27.43% | 26.87% | 25.24% | 21.60% | 20.32% | 21.93% |
| Operating Margin | 10.88% | 8.95% | 6.74% | 5.78% | 6.52% | 7.42% |
| Profit Margin | -2.45% | -4.53% | 2.76% | 2.10% | 4.04% | 21.00% |
| Free Cash Flow Margin | -2.83% | -5.90% | 2.55% | 1.52% | 1.82% | -2.70% |
| EBITDA | 128.06M | 107.81M | 86.80M | 76.34M | 77.89M | 76.27M |
| EBITDA Margin | 14.80% | 13.07% | 11.04% | 10.08% | 10.93% | 11.82% |
| D&A For EBITDA | 33.94M | 34.01M | 33.78M | 32.57M | 31.42M | 28.39M |
| EBIT | 94.12M | 73.81M | 53.02M | 43.77M | 46.47M | 47.88M |
| EBIT Margin | 10.88% | 8.95% | 6.74% | 5.78% | 6.52% | 7.42% |
| Effective Tax Rate | 19.46% | 2.75% | 13.60% | 20.50% |
Balance sheet
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 39.80M | 45.29M | 37.14M | 42.86M | 46.25M | 76.32M |
| Trading Asset Securities | 3.26M | 2.55M | 3.58M | |||
| Cash & Short-Term Investments | 43.07M | 47.84M | 40.72M | 42.86M | 46.25M | 76.32M |
| Receivables | 406.58M | 374.29M | 310.19M | 282.38M | 295.25M | 248.67M |
| Inventory | 197.96M | 189.97M | 203.79M | 206.98M | 176.90M | 158.96M |
| Other Current Assets | 13.83M | 13.89M | 13.39M | 17.35M | 8.94M | 8.62M |
| Total Current Assets | 661.44M | 625.98M | 568.09M | 549.57M | 527.34M | 492.57M |
| Property, Plant & Equipment | 161.66M | 147.30M | 138.42M | 140.89M | 140.86M | 135.68M |
| Long-Term Investments | 9.94M | 9.27M | 14.61M | |||
| Goodwill | 244.60M | 244.60M | 244.60M | 244.60M | 203.41M | 203.69M |
| Other Intangible Assets | 124.47M | 132.84M | 149.59M | 166.34M | 127.20M | 141.76M |
| Long-Term Deferred Tax Assets | 10.09M | 15.50M | 2.41M | 641.00K | ||
| Long-Term Deferred Charges | 2.69M | 3.01M | 1.26M | 1.76M | 2.27M | 1.14M |
| Other Long-Term Assets | 9.65M | 7.92M | 7.30M | 17.11M | 20.44M | 3.89M |
| Total Assets | 1.22B | 1.19B | 1.13B | 1.12B | 1.02B | 978.74M |
| Accounts Payable | 95.58M | 74.65M | 75.78M | 72.27M | 90.14M | 66.06M |
| Accrued Expenses | 24.01M | 39.16M | 35.94M | 35.57M | 28.79M | 24.39M |
| Current Portion of Long-Term Debt | 5.00M | 5.00M | 12.50M | 7.81M | 6.25M | 7.00M |
| Current Portion of Leases | 6.72M | 8.19M | 8.53M | 7.87M | 7.16M | 6.13M |
| Current Income Taxes Payable | 85.00K | 353.00K | 668.00K | 177.00K | 10.48M | 926.00K |
| Current Unearned Revenue | 56.40M | 40.69M | 34.45M | 53.49M | 47.07M | 42.08M |
| Other Current Liabilities | 9.19M | 11.19M | 7.63M | 6.51M | 9.56M | 15.97M |
| Total Current Liabilities | 196.98M | 179.24M | 175.50M | 183.70M | 199.44M | 162.56M |
| Long-Term Debt | 271.43M | 298.79M | 229.83M | 256.96M | 240.59M | 279.38M |
| Long-Term Leases | 51.65M | 35.19M | 21.28M | 22.95M | 28.84M | 28.07M |
| Long-Term Deferred Tax Liabilities | 4.77M | 13.95M | 18.73M | |||
| Other Long-Term Liabilities | 14.06M | 11.72M | 19.54M | 16.45M | 12.72M | 15.39M |
| Total Liabilities | 534.12M | 524.93M | 446.15M | 484.82M | 495.55M | 504.13M |
| Common Stock | 151.00K | 149.00K | 148.00K | 146.00K | 121.00K | 119.00K |
| Additional Paid-In Capital | 245.82M | 248.48M | 224.93M | 206.20M | 112.04M | 104.25M |
| Retained Earnings | 436.62M | 406.30M | 443.66M | 421.98M | 406.05M | 377.26M |
| Comprehensive Income & Other | 7.84M | 6.55M | 11.38M | 7.77M | 7.75M | -7.03M |
| Shareholders' Equity | 690.44M | 661.48M | 680.12M | 636.09M | 525.96M | 474.60M |
| Total Liabilities & Equity | 1.22B | 1.19B | 1.13B | 1.12B | 1.02B | 978.74M |
| Total Debt | 334.79M | 347.16M | 272.14M | 295.59M | 282.84M | 320.59M |
| Net Cash (Debt) | -291.73M | -299.33M | -231.43M | -252.73M | -236.59M | -244.28M |
| Net Cash Per Share | -19.40 | -20.03 | -15.42 | -18.09 | -19.13 | -19.94 |
| Filing Date Shares Outstanding | 15.10M | 15.08M | 14.81M | 14.64M | 12.15M | 11.97M |
| Total Common Shares Outstanding | 15.10M | 14.95M | 14.78M | 14.60M | 12.11M | 11.93M |
| Working Capital | 464.47M | 446.75M | 392.58M | 365.87M | 327.90M | 330.01M |
| Book Value Per Share | 45.73 | 44.25 | 46.01 | 43.57 | 43.45 | 39.80 |
| Tangible Book Value | 321.36M | 284.04M | 285.93M | 225.15M | 195.35M | 129.14M |
| Tangible Book Value Per Share | 21.28 | 19.00 | 19.34 | 15.42 | 16.14 | 10.83 |
| Land | 10.68M | 11.30M | 11.15M | 10.49M | 10.49M | |
| Buildings | 60.90M | 57.39M | 52.13M | 51.11M | 49.70M | |
| Machinery | 217.00M | 219.57M | 211.18M | 197.58M | 199.78M | |
| Construction In Progress | 15.15M | 16.46M | 18.33M | 18.55M | 10.58M | |
| Order Backlog | 1.20B | 1.06B |
Cash flow statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Net Income | -21.19M | -37.35M | 21.68M | 15.93M | 28.79M | 135.54M |
| Depreciation & Amortization | 33.94M | 34.01M | 33.78M | 32.57M | 31.42M | 31.74M |
| Loss (Gain) From Sale of Assets | -1.75M | -132.52M | ||||
| Asset Writedown & Restructuring Costs | 882.00K | 1.61M | ||||
| Stock-Based Compensation | 24.45M | 28.45M | 26.95M | 15.04M | 10.74M | 11.21M |
| Provision & Write-off of Bad Debts | -267.00K | -145.00K | 624.00K | 1.42M | -509.00K | -454.00K |
| Other Operating Activities | 5.61M | 2.26M | 849.00K | -5.09M | -770.00K | 1.26M |
| Change in Accounts Receivable | -69.81M | -64.87M | -27.82M | 12.78M | -46.06M | -36.38M |
| Change in Inventory | 6.87M | 14.20M | 2.21M | -15.98M | -20.84M | -17.13M |
| Change in Accounts Payable | 11.49M | -551.00K | 3.24M | -18.42M | 24.22M | 2.79M |
| Change in Unearned Revenue | 19.43M | 6.25M | -19.05M | 6.42M | 4.99M | 13.81M |
| Change in Other Net Operating Assets | -22.32M | -13.91M | -8.28M | -14.49M | -912.00K | -10.44M |
| Operating Cash Flow | -11.80M | -33.41M | 34.18M | 31.07M | 32.68M | -565.00K |
| Capital Expenditures | -12.67M | -15.24M | -14.13M | -19.52M | -19.69M | -16.86M |
| Sale of Property, Plant & Equipment | 135.00K | 2.11M | 223.00K | 404.00K | 82.00K | 553.00K |
| Cash Acquisitions | -114.38M | 365.00K | -69.48M | |||
| Other Investing Activities | 143.54M | |||||
| Investing Cash Flow | -12.54M | -13.12M | -13.91M | -133.50M | -19.24M | 57.75M |
| Long-Term Debt Issued | 345.00M | 20.00M | 176.50M | 254.00M | 96.00M | |
| Long-Term Debt Repaid | -283.54M | -43.14M | -159.29M | -293.62M | -129.29M | |
| Net Debt Issued (Repaid) | 45.88M | 61.46M | -23.14M | 17.21M | -39.62M | -33.29M |
| Issuance of Common Stock | 2.83M | 2.83M | 3.10M | 89.21M | 4.64M | |
| Repurchase of Common Stock | -5.96M | -5.96M | -5.95M | -7.38M | -8.68M | |
| Other Financing Activities | -15.72M | -3.64M | 1.00K | -3.89M | ||
| Financing Cash Flow | 27.02M | 54.68M | -26.00M | 99.05M | -43.51M | -37.34M |
| Net Cash Flow | 2.69M | 8.15M | -5.72M | -3.38M | -30.07M | 19.85M |
| Free Cash Flow | -24.47M | -48.64M | 20.05M | 11.54M | 12.99M | -17.43M |
| Free Cash Flow Margin | -2.83% | -5.90% | 2.55% | 1.52% | 1.82% | -2.70% |
| Free Cash Flow Per Share | -1.63 | -3.25 | 1.34 | 0.83 | 1.05 | -1.42 |
| Levered Free Cash Flow | 57.51M | 46.23M | 35.96M | -1.16M | 16.06M | 3.24M |
| Unlevered Free Cash Flow | 66.22M | 54.15M | 45.52M | 11.82M | 23.29M | 10.23M |
| Cash Interest Paid | 10.13M | |||||
| Cash Income Tax Paid | 2.00K | 2.33M | 12.88M | 22.95M | 3.83M | 32.93M |
| Change in Working Capital | -54.34M | -58.88M | -49.70M | -29.68M | -38.60M | -47.34M |
Ratios
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 2.47B | 1.42B | 940.85M | 759.89M | 604.63M | 557.65M |
| Enterprise Value | 2.76B | 1.64B | 1.19B | 1.04B | 869.49M | 864.88M |
| Last Close Price | 163.65 | 95.13 | 63.66 | 52.06 | 49.96 | 46.77 |
| PE Ratio | 43.40 | 47.71 | 21.00 | 4.11 | ||
| Forward PE | 33.49 | 22.73 | 17.22 | 17.52 | 17.81 | 14.23 |
| PS Ratio | 2.86 | 1.72 | 1.20 | 1.00 | 0.85 | 0.86 |
| PB Ratio | 3.58 | 2.15 | 1.38 | 1.20 | 1.15 | 1.18 |
| P/TBV Ratio | 7.69 | 5.01 | 3.29 | 3.38 | 3.10 | 4.32 |
| P/FCF Ratio | 46.92 | 65.82 | 46.54 | |||
| P/OCF Ratio | 27.53 | 24.46 | 18.50 | |||
| PEG Ratio | 0.44 | 0.47 | 1.18 | 1.54 | 0.75 | |
| EV/Sales Ratio | 3.19 | 1.99 | 1.51 | 1.37 | 1.22 | 1.34 |
| EV/EBITDA Ratio | 21.57 | 15.21 | 13.70 | 13.58 | 11.16 | 11.34 |
| EV/EBIT Ratio | 29.35 | 22.21 | 22.43 | 23.69 | 18.71 | 18.06 |
| EV/FCF Ratio | 59.30 | 89.80 | 66.93 | |||
| Debt / Equity Ratio | 0.48 | 0.53 | 0.40 | 0.47 | 0.54 | 0.68 |
| Debt / EBITDA Ratio | 2.39 | 2.91 | 2.79 | 3.39 | 3.20 | 3.98 |
| Debt / FCF Ratio | 13.57 | 25.60 | 21.77 | |||
| Net Debt / Equity Ratio | 0.42 | 0.45 | 0.34 | 0.40 | 0.45 | 0.52 |
| Net Debt / EBITDA Ratio | 2.28 | 2.78 | 2.67 | 3.31 | 3.04 | 3.20 |
| Net Debt / FCF Ratio | -11.92 | -6.15 | 11.54 | 21.89 | 18.21 | -14.02 |
| Asset Turnover | 0.73 | 0.71 | 0.70 | 0.71 | 0.71 | 0.71 |
| Inventory Turnover | 3.13 | 3.06 | 2.86 | 3.09 | 3.38 | 3.41 |
| Quick Ratio | 2.28 | 2.35 | 2.00 | 1.77 | 1.71 | 2.00 |
| Current Ratio | 3.36 | 3.49 | 3.24 | 2.99 | 2.64 | 3.03 |
| Return on Equity (ROE) | -3.03% | -5.57% | 3.29% | 2.74% | 5.75% | 33.72% |
| Return on Assets (ROA) | 4.97% | 3.99% | 2.95% | 2.55% | 2.90% | 3.30% |
| Return on Invested Capital (ROIC) | 9.64% | 7.88% | 4.74% | 5.16% | 5.42% | 5.73% |
| Return on Capital Employed (ROCE) | 9.20% | 7.30% | 5.60% | 4.70% | 5.70% | 5.90% |
| Earnings Yield | -0.86% | -2.63% | 2.30% | 2.10% | 4.76% | 24.30% |
| FCF Yield | -0.99% | -3.42% | 2.13% | 1.52% | 2.15% | -3.12% |
| Buyback Yield / Dilution | 0.64% | 0.47% | -7.45% | -12.99% | -0.94% | -2.67% |