Filing Flows › Industrials › Ducommun (DCO)
Ducommun (DCO) earnings and revenue breakdown
Latest: Q3 2026 · 10-Q filed Nov 5, 2026 · Ducommun (DCO) Q3 2026 earnings results →
Q3 2026 Revenue up 6% year over year to $227M · 6¢ of every $1 of revenue kept as net profit · operating margin 11.4%
Ducommun made $227M in Q3 2026 (+6% Y/Y): Military and space $119M, Commercial aerospace $97.2M, Industrial $11.2M. Operating margin 11.4%, net earnings $13.9M. See where every dollar goes — costs, profit and cash — as a Sankey from the 10-Q filed Nov 5, 2026.
Drawing the Sankey…
Open the interactive Sankey → click any line for what the company wrote about it, compare Y/Y and Q/Q, export as PNG or PDF
What changed this quarter
Revenue was $227.0M in Q3 2026, up 6% year over year and up 1% from the previous quarter. Military and space was the largest line at 52% of revenue. Commercial aerospace added $21.1M year over year (up 28%), 167% of the total change. Military and space declined 7%.
Gross margin was 28.9%, up 1.4 points from Q3 2025. Operating profit was $25.8M, a 11.4% margin (up 46.5 points year over year). Operating expenses fell 70% while revenue rose 6%. Net earnings were $13.9M. The effective tax rate was 26.3%.
Operating cash flow was $32.7M (up 81% year over year), 235% of net earnings. Non-cash charges added back $8.3M of depreciation and amortization and $5.6M of share-based compensation. Working capital and other items added $4.9M. Capital expenditures of $5.8M left free cash flow of $26.9M.
Quarterly history
| Quarter | Form | Filed | Revenue | Y/Y | Op. margin | Net earnings | Op. cash flow |
|---|---|---|---|---|---|---|---|
| Q3 2026 | 10-Q | Nov 5, 2026 | $227M | +6% | 11.4% | $13.9M | $32.7M |
| Q2 2026 | 10-Q | Aug 6, 2026 | $224M | +12% | 12.6% | $20.4M | $33.5M |
| Q1 2026 | 10-Q | May 12, 2026 | $209M | +9% | 7.5% | $9.9M | $11.2M |
| Q4 2025 | 10-K | Feb 26, 2026 | $217M | +10% | 7.8% | $9.3M | −$74.7M |
| Q3 2025 | 10-Q | Nov 6, 2025 | $214M | +6% | -35.1% | −$60.8M | $18.1M |
| Q2 2025 | 10-Q | Aug 7, 2025 | $201M | +2% | 8.8% | $12.8M | $22.4M |
| Q1 2025 | 10-Q | May 6, 2025 | $192M | +0.4% | 2.6% | $1.4M | $771K |
Charts
Interactive views
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💵Where each $1 goesinteractive
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🌏Named in Asian annual reportsinteractive
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🔄Rotation against the market and its industry (RRG)interactive
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🔍Earnings qualityinteractive
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⚖️Fair value by methodinteractive
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🔭Outlook & guidanceinteractive
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📈Investments: gains and what it boughtinteractive
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🏭Its industry’s money flow (input-output)interactive
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Customers and suppliers named in filings
Sells to
- RTX — 61% of its revenue · Stated in 10-K (sentence) · source
- BA — 13% of its revenue · Stated in 10-K (XBRL) · source
- NOC — 6% of its revenue · Stated in 10-K (customer table) · source
- LMT — 4% of its revenue · Stated in 10-K (customer table) · source
Buys from
- RTX · Stated in 10-K (share of revenue from its products) · source
- BA · Stated in 10-K (share of revenue from its products) · source
About Ducommun
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.
In its own words, from its 10-K, filed Feb 26, 2026.
Ducommun against its Aircraft Parts & Auxiliary Equipment, NEC peers
The largest companies of the same SEC industry, each at its latest quarter. Revenue growth: +6% against the peers' median +27%. Operating margin: 11.4% against the peers' median 15.7%.
| Company | Quarter | Revenue | Y/Y | Op. margin |
|---|---|---|---|---|
| DCO Ducommun | Q3 2026 | $227M | +6% | 11.4% |
| TDG TransDigm Group | Q3 FY26 | $2.7B | +22% | 44.8% |
| ARXS Arxis | Q3 2026 | $564M | +36% | 23.7% |
| ATRO Astronics | Q2 2026 | $260M | +27% | 15.6% |
| KRMN Karman Holdings | Q3 2026 | $202M | +66% | 15.7% |
| LOAR Loar Holdings | Q3 2026 | $176M | +39% | 26.2% |
| AADX Applied Aerospace & Defense | Q2 2026 | $167M | +47% | -57.5% |
| PKE Park Aerospace | Q2 FY27 | $20.8M | +27% | 22.8% |
| CVU CPI Aerostructures | Q2 2026 | $17.6M | +16% | 6.8% |
Source: Ducommun 10-Q on SEC EDGAR · CIK 30305 · Aircraft Parts & Auxiliary Equipment, NEC
Guidance and outlook
13F: who owns DCO and who is buying
More on DCO
- How Ducommun makes money: revenue by segment
- Ducommun next earnings date and what analysts expect
- Ducommun stock forecast, price target and fair value
- Who owns Ducommun stock: holders, funds and Congress trades
- Ducommun guidance and outlook
- Is Ducommun a takeover target? LBO and rumors
- Ducommun recalls, complaints and regulation
History
Every quarter: Q3 2026 results · Q2 2026 results · Q1 2026 results · Q4 2025 results · Q3 2025 results · Q2 2025 results · Q1 2025 results
- Ducommun guidance history: guided vs reported
- Ducommun gross margin by quarter
- Ducommun operating margin by quarter
- Ducommun net income by quarter
- Ducommun free cash flow by quarter
- Ducommun capital expenditures by quarter
- Ducommun Military and space revenue by quarter
- Ducommun Commercial aerospace revenue by quarter
- Ducommun Industrial revenue by quarter