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DCODucommun Incorporated
$184.42$2.8B
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HomeStocksDCOBalance Sheet

Ducommun Incorporated (DCO) Balance Sheet

30Y historyFree accessUpdated daily

The company maintains a stable capital structure with a 0.51 debt-to-equity ratio as of 2026Q1, though $244.6 million in goodwill continues to represent a significant portion of total assets.

DCO Balance Sheet

Income StatementBalance SheetCash FlowRatios
AnnualQuarterly
MetricTTMDec'25Dec'24Dec'23Dec'22Dec'21Dec'20Dec'19Dec'18Dec'17Dec'16Dec'15Dec'14Dec'13Dec'12Dec'11Dec'10Dec'09Dec'08Dec'07Dec'06Dec'05Dec'04Dec'03Dec'02Dec'01Dec'00Dec'99Dec'98Dec'97Dec'96
Total Current Assets633.86M625.98M568.08M549.57M527.34M492.57M410.28M340.77M287.39M221.01M225.94M264.23M328.74M330.76M334.57M340.79M161.39M164.09M159.17M157.24M122.74M115.98M89.91M82.2M76.73M87.07M60.27M54.4M56.4M55.5M44.3M
Cash & Short-Term Investments39.1M45.29M37.14M42.86M46.25M76.32M56.47M39.58M10.26M2.15M7.43M5.45M45.63M48.81M46.54M41.45M10.27M18.63M3.51M31.57M378K19.22M158K3.83M174K2.42M100K100K9.1M2.2M600K
Cash Only39.1M45.29M37.14M42.86M46.25M76.32M56.47M39.58M10.26M2.15M7.43M5.45M45.63M48.81M46.54M41.45M10.27M18.63M3.51M31.57M378K19.22M158K3.83M174K2.42M100K100K9.1M2.2M600K
Short-Term Investments0000000000000000000000000000000
Accounts Receivable386.26M374.29M310.3M282.38M295.25M248.67M212.05M173.8M154.48M74.06M76.24M77.09M91.06M91.91M100.86M99.46M51.8M52.59M57.16M44.84M46.14M32.89M26.91M26.27M23.97M27.98M20.84M20M19.7M19.2M14.7M
Days Sales Outstanding158.52165.63144136.15151.24140.63123.0687.9889.648.4350.5442.2544.7945.5449.2862.4946.344.5651.6744.5652.7948.0843.6842.4541.1845.445.9149.9742.144.5545.32
Inventory192.18M182.79M196.88M206.98M171.21M150.94M129.22M112.48M101.13M122.16M119.9M115.4M142.84M140.51M148.32M154.5M72.6M67.75M83.16M67.77M64.59M53.3M50.46M40M41.34M45.07M32.24M26.3M19.5M24.6M22.6M
Days Inventory Outstanding113.47110.6121.95127.23109.97109.5496.0272.1772.8497.9298.4674.5286.6583.4989.39118.7380.7270.2794.2984.8791.9298.23101.5683.2888.2898.53105.21101.1565.988.38109.69
Other Current Assets16.31M23.61M23.76M17.35M14.63M16.65M12.54M14.9M18.21M22.64M22.37M65.31M37.48M52.35M38.86M45.38M26.72M25.13M15.34M13.05M11.64M10.51M11.79M10.49M11.11M17.4M7.08M8M8.1M9.5M6.4M
Total Non-Current Assets551.48M560.25M558.02M571.35M494.17M486.17M427.06M449.66M360.75M345.74M289.49M297.19M418.86M433.44M450.5M467.3M184.06M189.82M207.01M175.24M174.29M111.99M114.64M115.84M120.88M129M90.1M87.4M60.8M48.7M51.5M
Property, Plant & Equipment143.64M147.3M138.42M140.89M140.86M135.68M126.34M134.32M107.05M110.25M101.59M96.55M99.07M96.09M98.38M98.48M59.46M60.92M61.95M56.29M52.99M52.48M54.98M56.93M61.94M66.95M49.58M44.7M41.1M30.6M27.1M
Fixed Asset Turnover5.86x5.60x5.68x5.37x5.06x4.76x4.98x5.37x5.88x5.06x5.42x6.90x7.49x7.67x7.59x5.90x6.87x7.07x6.52x6.52x6.02x4.76x4.09x3.97x3.43x3.36x3.34x3.27x4.16x5.14x4.37x
Goodwill244.6M244.6M244.6M244.6M203.41M203.69M170.83M170.92M136.06M117.44M82.55M82.55M157.57M161.94M161.94M163.84M100.44M100.44M114M106.63M106.63M57.2M57.2M57.2M55.53M59.16M00000
Intangible Assets128.66M132.84M149.59M166.34M127.2M141.76M124.74M138.36M112.09M114.69M101.57M110.62M155.1M165.47M176.36M187.85M000000000039.06M41.9M19M16.9M18.3M
Long-Term Investments0000000000553K-26.53M-13.84M-10.85M-10.46M-12.02M-5.08M-4.79M-9.17M-7.73M-6.12M-6.05M-7.39M-6.22M0000000
Other Non-Current Assets20.4M20.19M23.17M18.87M22.7M5.02M5.12M6.01M5.25M3.1M2.93M7.46M7.12M9.94M13.82M17.12M24.16M28.45M31.06M12.31M14.68M2.31M2.46M1.71M2.36M2.73M1.46M800K700K1.2M6.1M
Total Assets1.19B1.19B1.13B1.12B1.02B978.74M837.35M790.43M648.14M566.75M515.43M561.42M747.6M764.2M785.07M808.09M345.45M353.91M366.19M332.48M297.03M227.97M204.55M198.04M197.61M216.07M150.36M141.8M117.2M104.2M95.8M
Asset Turnover0.71x0.70x0.70x0.68x0.70x0.66x0.75x0.91x0.97x0.98x1.07x1.19x0.99x0.96x0.95x0.72x1.18x1.22x1.10x1.10x1.07x1.10x1.10x1.14x1.08x1.04x1.10x1.03x1.46x1.51x1.24x
Asset Growth %21.69%5.34%0.46%9.73%4.37%16.89%5.94%21.95%14.36%9.96%-8.19%-24.9%-2.17%-2.66%-2.85%133.92%-2.39%-3.35%10.14%11.93%30.3%11.45%3.29%0.22%-8.55%43.7%6.04%20.99%12.48%8.77%18.27%
Total Current Liabilities172.55M179.1M175.47M183.7M199.44M162.56M142.9M144.69M126.53M80.24M86.31M83.61M111.07M103.59M108.34M116.46M71.29M78.27M89.5M79.53M67.39M51.67M44.52M52.54M42.74M45.54M28.86M24.5M25.6M25.3M27M
Accounts Payable79.96M74.65M75.78M72.27M90.14M66.06M63.98M82.6M69.27M51.91M57.02M40.34M58.98M58.11M52.58M60.67M39.92M39.43M35.36M33.84M32.95M17.79M12.77M14.2M16.2M17.02M11.55M8.1M7.4M9M8.3M
Days Payables Outstanding48.0545.1746.9444.4257.947.9447.5452.9949.941.6146.8326.0535.7834.5331.6946.6344.3940.940.0942.3946.8932.7825.7129.5634.637.2237.731.1525.0132.3340.29
Short-Term Debt12.01M5M12.5M7.81M6.25M7M7M7M2.33M03K26K26K25K3.04M1.96M187K4.96M2.42M1.86M1.2M01.2M2.19M1.5M3.16M1.41M1.5M1.4M900K1.1M
Deferred Revenue (Current)164.59M40.69M34.45M53.49M47.07M42.08M28.26M14.52M17.14M3.97M3.2M1.76M1.14M3.24M5.65M42.57M000000000000000
Other Current Liabilities7.38M46.5M43.55M6.51M38.34M40.37M28.43M31.34M8.09M5.27M8.32M21.98M7.45M14.18M36.81M24.44M8.79M11.71M26.55M18.66M15.6M18.43M20.58M001.45M15.9M14.9M16.8M15.4M17.6M
Current Ratio3.67x3.50x3.24x2.99x2.64x3.03x2.87x2.36x2.27x2.75x2.62x3.16x2.96x3.19x3.09x2.93x2.26x2.10x1.78x1.98x1.82x2.24x2.02x1.56x1.80x1.91x2.09x2.22x2.20x2.19x1.64x
Quick Ratio2.56x2.47x2.12x1.86x1.79x2.10x1.97x1.58x1.47x1.23x1.23x1.78x1.67x1.84x1.72x1.60x1.25x1.23x0.85x1.12x0.86x1.21x0.89x0.80x0.83x0.92x0.97x1.15x1.44x1.22x0.80x
Cash Conversion Cycle223.94231.06219218.96203.31202.23171.54107.15112.54104.74102.1790.7295.6694.5106.98134.682.6373.93105.8787.0497.82113.53119.5396.1794.85106.72113.42119.9782.99100.6114.72
Total Non-Current Liabilities342.99M345.02M268.1M301.12M296.11M341.57M365.11M352.94M264.78M250.93M217.02M290.48M379.96M420.92M454.06M487.35M19.98M41.76M52.24M38.89M42.62M8.45M8.54M7.75M34.42M55.94M21.97M29.5M7.9M5.2M9.6M
Long-Term Debt297.61M298.79M229.83M256.96M240.59M279.38M311.92M300.89M228.87M216.06M166.9M240.66M290.03M332.68M362.7M390.28M3.09M23.29M28.3M23.89M29.24M00400K24.35M49.14M18.25M26.3M5.4M4.9M9.2M
Capital Lease Obligations120.3M34.22M21.28M22.95M28.84M28.07M14.55M17.57M00000000000000000000000
Deferred Tax Liabilities0004.77M13.95M18.73M16.99M16.77M18.07M15.98M31.42M26.53M69.45M68.49M67.81M72.04M7.69M7.73M9.9M5.58M6.67M5.75M6.42M5.31M3.12M2.69M2.41M2.2M1.7M00
Other Non-Current Liabilities12.29M12M16.98M16.45M12.72M15.39M21.64M17.72M14.44M18.9M18.71M18.95M20.48M87.44M26.01M25.02M9.2M10.74M14.04M9.42M6.71M2.7M2.12M2.04M6.95M4.11M1.32M1M800K300K400K
Total Liabilities515.54M524.12M443.57M484.82M495.55M504.13M508.01M497.63M391.32M331.17M303.33M374.09M491.03M524.5M562.4M603.8M91.27M120.02M141.74M118.42M110.01M60.12M53.06M60.29M77.17M101.47M50.84M54M33.5M30.5M36.6M
Total Debt342.7M345.83M272.14M295.59M282.84M320.59M336.61M328.41M229.29M216.06M166.9M245.03M290.05M332.7M365.74M392.24M3.28M28.25M30.72M25.75M30.44M01.2M2.58M25.85M52.3M19.65M27.8M6.8M5.8M10.3M
Net Debt303.6M300.54M235.01M252.73M236.59M244.28M280.14M288.82M219.03M213.91M159.47M239.57M244.43M283.89M319.21M350.79M-6.99M9.62M27.21M-5.82M30.06M-19.22M1.04M-1.25M25.68M49.88M19.55M27.7M-2.3M3.6M9.7M
Debt / Equity0.51x0.52x0.40x0.46x0.54x0.68x1.02x1.12x0.89x0.92x0.79x1.31x1.13x1.39x1.64x1.92x0.01x0.12x0.14x0.12x0.16x-0.01x0.02x0.21x0.46x0.20x0.32x0.08x0.08x0.17x
Debt / EBITDA3.30x3.22x3.18x4.81x3.97x4.15x4.53x3.88x4.66x5.71x3.25x-3.59x4.86x4.34x-0.08x0.95x1.09x0.65x1.00x-0.05x0.09x1.03x1.44x0.63x0.95x0.19x0.19x0.51x
Net Debt / EBITDA2.92x2.80x2.74x4.11x3.32x3.16x3.77x3.42x4.45x5.65x3.10x-3.03x4.14x3.79x--0.17x0.32x0.96x-0.15x0.99x-0.68x0.05x-0.04x1.02x1.37x0.63x0.94x-0.06x0.12x0.48x
Interest Coverage14.59x5.82x3.41x1.79x3.88x16.24x3.34x3.06x2.97x2.76x5.27x-4.70x1.72x1.55x1.74x-1.88x14.66x6.46x14.73x------------
Total Equity669.8M662.11M682.53M636.09M525.96M474.6M329.33M292.8M256.82M235.58M212.1M187.33M256.57M239.69M222.68M204.28M254.19M233.89M224.45M214.05M187.03M167.85M151.49M137.75M120.44M114.6M99.53M87.8M83.7M73.7M59.2M
Equity Growth %-0.91%-2.99%7.3%20.94%10.82%44.11%12.48%14.01%9.02%11.07%13.22%-26.99%7.04%7.64%9%-19.63%8.68%4.21%4.86%14.45%11.42%10.8%9.98%14.37%5.1%15.14%13.36%4.9%13.57%24.49%140.65%
Book Value per Share42.9444.3145.4645.5342.5338.7427.6024.8322.0320.3818.7716.9623.0622.0920.9519.3923.9922.2521.0820.4718.1816.4814.9213.8612.0311.7710.178.397.206.185.17
Total Shareholders' Equity669.8M662.11M682.53M636.09M525.96M474.6M329.33M292.8M256.82M235.58M212.1M187.33M256.57M239.69M222.68M204.28M254.19M233.89M224.45M214.05M187.03M167.85M151.49M137.75M120.44M114.6M99.53M87.8M83.7M73.7M59.2M
Common Stock151K149K148K146K121K119K117K116K114K113K112K111K110K110K107K107K106K106K106K105K103K101K100K99K99K97K97K100K000
Retained Earnings416.22M419.54M453.48M421.98M406.05M377.26M241.73M212.55M180.36M161.36M141.29M117.62M190.91M174.83M165.49M149.05M197.42M180.76M173.72M162.19M142.76M128.46M112.47M101.3M85.1M78.59M63.99M51.3M37.8M14.1M-200K
Treasury Stock0000000000000-1.92M-1.92M-1.92M-1.92M-1.92M-986K0000000-1.23M-9.1M-14.7M00
Accumulated OCI7.05M6.55M11.38M7.77M7.75M-7.03M-9.6M-8.27M-7.36M-6.12M-6.08M-5.6M-6.65M-3.86M-7.47M-7.33M-3.1M-3.55M-4.43M-1.69M-2.16M-2.7M-2.12M-2.04M-2.68M-53.28M-46.08M-40.2M-35.5M-32.8M-31.3M
Minority Interest0000000000000000000000000000000

Key Metrics

Growth RegimeMixed
ProfitabilityStrained
Balance SheetHealthy
Cash FlowMixed
Top Statement Risk

Working capital volatility

Verified Source

Metrics are mathematically derived from official filings.

SEC 10-K (2026Q1)

Capital Structure Stability Amid Volatility

According to the latest quarterly filings, Ducommun's total assets have remained anchored at $1.2 billion, yet the underlying equity base has shown sensitivity to recent earnings fluctuations, suggesting that the company's balance sheet trajectory is currently defined by stability rather than aggressive expansion or meaningful deleveraging.

The consistency in total asset valuation over the last ten quarters indicates a mature asset base that is not currently undergoing rapid transformation. However, the stagnation in retained earnings growth suggests that the company is struggling to translate its operational footprint into meaningful balance sheet accretion.

Conservative Leverage Supports Financial Flexibility

As reported in financial statements, Ducommun maintains a modest debt-to-equity ratio of 0.51 as of 2026Q1, reflecting a conservative capital structure that provides the firm with significant headroom to navigate the cyclical demands of the aerospace and defense manufacturing sectors without immediate refinancing pressure.

The current debt load appears manageable relative to the company's asset base, suggesting that management is prioritizing balance sheet preservation over aggressive debt-funded growth. Investors should monitor whether this low leverage is a strategic choice to maintain dry powder or a symptom of limited high-return investment opportunities.

Liquidity Buffers Face Operational Pressure

Based on the provided figures, Ducommun's current ratio of 3.67 in 2026Q1 indicates a robust short-term liquidity position, though the persistent volatility in cash balances suggests that working capital requirements continue to exert significant pressure on the company's ability to maintain a consistent cash buffer.

While the high current ratio provides a comfortable cushion against near-term obligations, the fluctuation in cash levels highlights the difficulty of managing inventory and receivables in a complex aerospace supply chain. This liquidity profile appears adequate for current operations but warrants caution given the inconsistent cash flow generation.

Goodwill Concentration Masks Asset Quality

As indicated by the balance sheet data, goodwill remains a substantial component of total assets at $244.6 million, which may potentially obscure the true economic value of the company's tangible manufacturing assets and introduces a risk of future impairment if program-specific performance fails to meet expectations.

The significant weight of intangible assets relative to net PPE suggests that a large portion of the company's valuation is tied to past acquisitions rather than current physical infrastructure. Investors should consider the risk that these intangible assets may not provide the same level of downside protection as tangible capital in a stressed market environment.

DCO — Frequently Asked Questions

Quick answers to the most common questions about buying DCO stock.

What are the total assets of Ducommun Incorporated (DCO)?

As of 2025, Ducommun Incorporated (DCO) had total assets of $1.19B including $626.0M in current assets.

How much debt does Ducommun Incorporated (DCO) have?

Ducommun Incorporated (DCO) carries total debt of $345.8M, offset by $45.3M in cash and short-term investments. Comparing total debt to cash helps evaluate the company's debt burden and net leverage.

What is the book value or shareholders' equity of Ducommun Incorporated?

Ducommun Incorporated (DCO) has total shareholders' equity (book value) of $662.1M ($44.31 book value per share). Book value represents the net worth of the company belonging to common stock holders.

What is Ducommun Incorporated's current ratio and liquidity?

Ducommun Incorporated (DCO) reported a current ratio of 3.50x. A current ratio above 1.0x indicates that the company has more current assets than current liabilities, suggesting sufficient short-term liquidity.