DCO
IndustrialsDucommun Incorporated · Aerospace & Defense · $2B
What is Ducommun Incorporated?
Ducommun Incorporated is a US-based engineering and manufacturing company serving aerospace, defense, medical, and industrial markets. Operating through two segments, it delivers both electronic systems and structural components to major platform programs.
Ducommun generates revenue by designing and manufacturing complex assemblies for demanding end markets. Its Electronic Systems segment produces cable assemblies, printed circuit board assemblies, radar enclosures, and engineered switches. Its Structural Systems segment fabricates aero-structure components from aluminum, titanium, and composite materials — including winglets, fuselage panels, and engine components — for commercial and defense aircraft programs.
Ducommun was founded in 1973 and is headquartered in Santa Ana, California.
- Cable assemblies and interconnect systems
- Printed circuit board and electromechanical assemblies
- Aero-structure components and structural assemblies
- Lightning diversion systems and RF switches
Is DCO a Good Stock to Buy?
UQS Score rates DCO as Below Average overall, reflecting meaningful challenges across several quality dimensions.
The Growth and Risk pillars both register as Neutral, suggesting the business is not in acute distress and retains some forward momentum tied to aerospace and defense demand cycles. Valuation is also Neutral, meaning the stock is not obviously mispriced relative to its fundamentals.
Both the Quality and Moat pillars score Weak, pointing to limited competitive differentiation and below-average financial returns relative to sector peers.
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Past performance does not guarantee future results. UQS Score is based on fundamental data and is not a buy/sell recommendation.
Does DCO pay dividends?
No — Ducommun Incorporated does not currently pay a dividend.
Ducommun does not currently pay a dividend. For a capital-intensive manufacturer operating in aerospace and defense, retaining cash to fund program investments, working capital, and potential acquisitions is a common strategic choice. Income-focused investors should factor this into their assessment.
When does DCO report earnings?
Ducommun reports earnings on a quarterly cadence, consistent with standard practice for US-listed industrial companies.
Results have reflected the mixed dynamics of commercial aerospace recovery alongside defense program timing. Revenue trends and margin performance are best evaluated in the context of segment-level disclosures across both Electronic and Structural Systems.
For the most recent quarter's results, visit Ducommun's investor relations page directly.
DCO Price History
+163.3% over 5Y
Monthly close, adjusted for stock splits and dividend reinvestment.
What if I invested in Ducommun Incorporated?
Based on Ducommun Incorporated's historical closing prices, adjusted for stock splits and dividend reinvestment. Past performance does not guarantee future results. This is for informational purposes only and is not financial advice.
DCO Long-term Outlook
With Growth and Risk both rated Neutral, Ducommun's near-term trajectory appears stable rather than accelerating. The company's exposure to long-cycle aerospace and defense programs provides some revenue visibility, but Weak Quality and Moat scores suggest limited pricing power and margin expansion potential. Execution on program ramps and cost discipline will be key variables to watch.
Growth drivers
- Sustained demand from commercial aerospace production ramp-ups
- Defense program content on multi-year platforms
- Expansion into medical and industrial end markets
Key risks
- Weak moat leaves the business exposed to pricing pressure from larger, better-capitalized suppliers
- Program delays or volume reductions from key aerospace customers
- Capital intensity and debt levels constraining financial flexibility
DCO vs Peers
Ducommun competes in the aerospace and defense manufacturing space alongside a range of specialized providers.
V2X focuses on integrated mission support and logistics services for defense customers, emphasizing services over manufactured hardware.
Voyager Technologies targets national security space and defense applications, operating at the intersection of advanced manufacturing and space systems.
Redwire specializes in space infrastructure and in-space manufacturing, serving a more narrowly defined segment of the defense and civil space market.
Frequently Asked Questions
What does Ducommun do?
Ducommun designs and manufactures engineered components and assemblies for aerospace, defense, medical, and industrial customers. It operates through two segments: Electronic Systems, which produces circuit board assemblies, cable systems, and avionics enclosures, and Structural Systems, which fabricates aero-structure components from metals and composites.
Does DCO pay dividends?
No, Ducommun does not currently pay a dividend. The company retains its cash flow to support manufacturing operations, program investments, and balance sheet management. Investors seeking regular income should note this when evaluating DCO.
When does DCO report earnings?
Ducommun follows a standard quarterly reporting cadence. Specific dates are not covered by our data source. For upcoming earnings dates, check Ducommun's investor relations page or a financial calendar service.
Is DCO a good stock to buy?
UQS Score rates DCO as Below Average, driven by Weak scores on Quality and Moat. Growth and Risk are Neutral, and Valuation is also Neutral. Whether DCO fits a portfolio depends on individual risk tolerance and investment goals — the full pillar breakdown is available to Pro members.
Is DCO overvalued?
DCO's Valuation pillar is rated Neutral, suggesting the stock is neither clearly cheap nor obviously expensive relative to its fundamentals. Given the Weak Quality and Moat scores, investors should weigh whether the current price adequately compensates for those underlying limitations.
How does DCO compare to its competitors?
Ducommun competes with companies like V2X, Voyager Technologies, and Redwire in the broader aerospace and defense supply chain. Each competitor has a distinct focus — services, space systems, or in-space manufacturing — while Ducommun's core strength lies in engineered hardware manufacturing across both electronic and structural domains.
What is DCO's market cap bracket?
Ducommun is classified as a mid-cap company. This places it in a tier that typically offers more growth potential than large-caps but with greater volatility and less financial scale than the largest defense primes.
Who founded Ducommun?
Ducommun's roots trace back to the mid-nineteenth century as a hardware merchant, though the modern incorporated entity dates to 1973. Detailed founding history is publicly available through the company's official corporate profile and investor relations materials.
Is DCO a long-term quality investment?
As a long-term quality indicator, DCO's Below Average UQS Score — with Weak Quality and Moat pillars — raises questions about durable competitive advantage and consistent financial returns. Long-term investors typically seek stronger scores in these areas. The full analysis is available to Pro members.
What is the main competitive advantage of Ducommun?
Ducommun's positioning in long-cycle aerospace and defense programs provides some revenue stability, as switching costs on certified manufacturing programs can be meaningful. However, the Weak Moat score suggests this advantage is not yet translating into strong pricing power or above-average returns relative to sector peers.
What sector does DCO belong to?
Ducommun operates in the Industrials sector, specifically within aerospace and defense manufacturing. Its products serve both commercial aviation and military platforms, giving it exposure to two distinct demand cycles within the broader industrial landscape.
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Pro Analysis
DCO — Score History
| Date | UQS | Quality | Moat | Growth | Risk | Value | Change |
|---|---|---|---|---|---|---|---|
| May 23, 2026 | 32.4 | 10.6 | 21.0 | 54.0 | 44.0 | 47.3 | 0.0 |
| May 22, 2026 | 32.4 | 10.6 | 21.0 | 54.0 | 44.0 | 47.5 | -0.1 |
| May 21, 2026 | 32.5 | 10.6 | 21.0 | 54.2 | 44.0 | 47.7 | 0.0 |
| May 20, 2026 | 32.5 | 10.6 | 21.0 | 54.2 | 44.0 | 47.9 | 0.0 |
| May 19, 2026 | 32.5 | 10.6 | 21.0 | 54.2 | 44.0 | 47.5 | 0.0 |
| May 16, 2026 | 32.5 | 10.6 | 21.0 | 54.2 | 44.0 | 47.7 | +0.1 |
| May 15, 2026 | 32.4 | 10.6 | 21.0 | 54.2 | 44.0 | 46.9 | +0.4 |
| May 14, 2026 | 32.0 | 10.6 | 21.0 | 52.3 | 44.0 | 46.8 | -0.1 |
| May 13, 2026 | 32.1 | 10.6 | 21.0 | 52.3 | 44.0 | 47.4 | 0.0 |
| May 12, 2026 | 32.1 | 10.6 | 21.0 | 52.3 | 44.0 | 47.9 | -0.1 |
DCO — Pillar Breakdown
Quality
— 10.6/100 (25%)Ducommun Incorporated currently shows below-average quality metrics, suggesting challenges with profitability.
How effectively capital is deployed to generate returns.
Profitability relative to shareholders' equity.
Ability to convert revenue into operating profit.
Bottom-line profit as a share of revenue.
Asset productivity — how much gross profit each dollar of assets generates.
Free cash flow relative to market value.
Growth
— 54.0/100 (20%)Ducommun Incorporated shows steady but unspectacular growth, typical for mature companies.
Revenue trajectory over the last twelve months.
Compound annual revenue growth rate over 3 years.
Year-over-year earnings per share growth.
Analyst consensus for future revenue growth.
Analyst consensus for future earnings growth.
Risk
— 44.0/100 (15%)Ducommun Incorporated has some risk factors including moderate leverage or solvency concerns.
Debt levels relative to earnings capacity.
Total debt relative to shareholder equity.
Short-term liquidity — ability to pay near-term obligations.
Earnings capacity relative to interest payments.
Valuation
— 47.3/100 (15%)Ducommun Incorporated has a mixed valuation — some metrics suggest fair value while others appear stretched.
Inverse of forward P/E — higher yield means cheaper stock.
P/E relative to earnings growth — lower is more attractive.
Enterprise value multiple relative to sector median.
Moat
— 21/100 (25%)Ducommun Incorporated operates in a highly competitive environment with limited sustainable advantages. The Moat pillar evaluates competitive advantages across five dimensions: Switching Costs, Network Effects, Cost Advantage, Intangible Assets, and Scale & Ecosystem. Sign in to customize moat ratings for DCO.
Score Composition
Financial Data
More Stock Analysis
How is the DCO UQS Score Calculated?
The UQS (Unified Quality Score) for Ducommun Incorporated is calculated using a proprietary 6-pillar framework with 29 financial metrics. Each pillar evaluates a different dimension on a 0–100 scale, then combines into a single weighted score. Scoring thresholds are calibrated per sector. Momentum is an optional Pro toggle — without it, you get the 5-pillar / 25-metric core shown below.
Quality (25%) measures profitability and capital efficiency — ROIC, ROE, margins, GP/Assets, and FCF Yield.
Moat (25%) assesses Ducommun Incorporated's competitive advantages across switching costs, network effects, cost advantages, intangible assets, and ecosystem scale.
Growth (20%) tracks revenue trajectory and earnings momentum, combining historical results with analyst forward estimates.
Risk (15%) is inversely scored — lower leverage and strong balance sheet health result in higher scores.
Valuation (15%) measures whether Ducommun Incorporated is fairly priced using earnings yield, price-to-FCF, PEG ratio, and EV/EBITDA relative to sector peers.
Six investor-inspired presets are available, each with different pillar weights: Balanced, Buffett, Munger, Lynch, Cathie Wood, and Graham. The public score shown here uses the Balanced preset. Learn more in our FAQ.