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Ducommun cash flow, quarter by quarter

Latest: Q3 2026 · from the cash-flow statements filed with the SEC

Free cash flow$26.9M in Q3 2026 · −$13.6M over twelve months

Operating cash flow$32.7M
Capital spending−$5.8M
Free cash flow+$26.9M
Cash / net income2.4×
Cash conversion cycle117 days

Analysis

In Q3 2026, Ducommun generated $32.7M of operating cash flow and spent $5.8M on capital projects, leaving free cash flow of $26.9M.

Over the twelve months to Oct 3, 2026, operating cash flow was $2.8M; the largest uses were net borrowing (+) / repaid (−) ($297M), capital spending ($16.4M); besides operations, cash came from other financing ($299M), other investing ($114K); the cash balance fell by $11.7M.

Operating cash flow was $32.7M against net income of $13.9M — 2.4× profit, cash ran ahead of reported earnings. The largest differences: deferred revenue +$25.2M, receivables −$16.2M, contract assets −$16.1M.

Its cash conversion cycle was 117 days (receivables 62 + inventory 109 − payables 54).

Free cash flow

Ducommun: free cash flow by quarterDucommun: free cash flow by quarter$14.6MQ4 2024−$4.0MQ1 2025$18.1MQ2 2025$16.0MQ3 2025−$78.8MQ4 2025$8.3MQ1 2026$30.0MQ2 2026$26.9MQ3 2026
Operating cash flow less capital spending.
Ducommun: operating cash flow against capital spendingDucommun: operating cash flow against capital spendingOperating cash flowCapital spending$18.4M$3.8MQ4 2024$771K$4.8MQ1 2025$22.4M$4.3MQ2 2025$18.1M$2.1MQ3 2025−$74.7M$4.1MQ4 2025$11.2M$2.9MQ1 2026$33.5M$3.6MQ2 2026$32.7M$5.8MQ3 2026
Latest (Q3 2026): Operating cash flow $32.7M, Capital spending $5.8M.

Capital allocation, year by year

Ducommun: where the cash came from (up) and went (down), by fiscal yearDucommun: where the cash came from (up) and went (down), by fiscal yearOperating cash flowNet borrowingShares issuedAsset salesCapital spendingAcquisitionsFY2021: Operating cash flow −$565KFY2021: Net borrowing −$122MFY2021: Asset sales $553KFY2021: Capital spending −$16.9M$553KFY2021FY2022: Operating cash flow $32.7MFY2022: Net borrowing −$43.3MFY2022: Asset sales $82KFY2022: Capital spending −$19.7M$32.8MFY2022FY2023: Operating cash flow $31.1MFY2023: Net borrowing −$159MFY2023: Shares issued $85.1MFY2023: Asset sales $404KFY2023: Capital spending −$19.5MFY2023: Acquisitions −$114M$117MFY2023FY2024: Operating cash flow $34.2MFY2024: Net borrowing −$43.1MFY2024: Asset sales $223KFY2024: Capital spending −$14.1M$34.4MFY2024FY2025: Operating cash flow −$33.4MFY2025: Net borrowing −$83.5MFY2025: Asset sales $130KFY2025: Capital spending −$15.2M$130KFY2025
Over these 5 years operating cash flow totalled $64.0M; the largest uses were net borrowing ($451M) and acquisitions ($114M). Cash-flow statements as filed.

Cash runway and the debt wall

Cash & investments$39.2M
Debt$245M
Net debt$206M
Due within a year$5.0M

Ducommun's operations bring cash in ($2.8M over twelve months), and it spends more than that on capital projects: a gap of $13.6M funded from its $39.2M of cash and investments and from borrowing ($245M of debt, $5.0M due within a year). That is a choice to invest, not a cash runway running down.

Ducommun: debt maturities by year (FY2025)Ducommun: debt maturities by year (FY2025)$5.0MYear 1$5.0MYear 2$10.0MYear 3$10.0MYear 4$275MYear 5
Principal due in each year as disclosed in the annual report, against $39.2M of cash and investments now.

Where the cash came from and went

Ducommun: sources (+) and uses (−) of cash, Q3 2026Ducommun: sources (+) and uses (−) of cash, Q3 2026Operating cash flow$32.7MNet borrowing (+) / repaid (−)−$26.2MCapital spending−$5.8MOther financing−$1.2MCash drawn (+) / kept (−)$592KOther investing$17K
Ducommun: sources (+) and uses (−) of cash, TTM to Q3 2026Ducommun: sources (+) and uses (−) of cash, TTM to Q3 2026Other financing$299MNet borrowing (+) / repaid (−)−$297MCapital spending−$16.4MCash drawn (+) / kept (−)$11.7MOperating cash flow$2.8MOther investing$114K

From profit to cash

Ducommun: net income to operating cash flow, Q3 2026Ducommun: net income to operating cash flow, Q3 2026Net income$13.9MDepreciation & amortization$8.3MStock-based pay$5.6MDeferred taxes$4.9MOther non-cash$1.7MReceivables−$16.2MInventory−$4.0MPayables$2.4MAccrued liabilities$7.7MDeferred revenue$25.2MContract assets−$16.1MPrepaid and other assets−$387KOperating cash flow$32.7M
Non-cash charges are added back; money tied up in receivables or inventory is subtracted.
QuarterReceivable daysInventory daysPayable daysCash conversion cycle
Q3 20266210954117
Q2 20265810649115
Q1 20265911448125
Q4 20255211448117
Q3 20254911550114
Q2 20255312251125
Q1 20255212248126
Q4 20245211947124

Every quarter

QuarterOperating cash flowCapital spendingNet borrowing (+) / repaid (−)Cash drawn (+) / kept (−)Free cash flow
Q3 2026$32.7M−$5.8M−$26.2M$592K$26.9M
Q2 2026$33.5M−$3.6M−$26.2M−$701K$30.0M
Q1 2026$11.2M−$2.9M−$1.2M$6.2M$8.3M
Q4 2025−$74.7M−$4.1M−$36.9M$5.6M−$78.8M
Q3 2025$18.1M−$2.1M−$3.1M−$13.8M$16.0M
Q2 2025$22.4M−$4.3M−$21.9M−$6.4M$18.1M
Q1 2025$771K−$4.8M−$15.0M$6.4M−$4.0M
Q4 2024$18.4M−$3.8M−$14.7M$127K$14.6M

Ducommun: income statement and cash flow

Ducommun, Q3 2026: revenue $227M (+6% year over year), operating margin 11.4%. The chart follows the revenue to costs, profit and cash.

Ducommun: every quarter, Q/Q and Y/Y → Open in the app

Read automatically from the company’s XBRL cash-flow statements; quarterly figures for the fourth quarter are the year less the first three. Errors are possible. Not investment advice.