Filing Flows › Ducommun (DCO) › Q4 2025
Ducommun (DCO) Q4 2025 earnings results (fourth quarter 2025)
10-K filed Feb 26, 2026
Ducommun (DCO) reported revenue of $217M for the fourth quarter 2025 (Q4 2025), +10% from a year earlier and +1% from the quarter before. Operating margin was 7.8%, net earnings $9.3M (4.3% of revenue).
Ducommun, Q4 2025: revenue $217M (+10% year over year), operating margin 7.8%, net earnings $9.3M, operating cash flow −$74.7M. The chart follows the revenue to costs, profit and cash.
| Q4 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $217M | +1% | +10% |
| Gross profit | $59.2M | +0.5% | +28% |
| Operating profit | $16.9M | — | +55% |
| Net earnings | $9.3M | — | +42% |
| Operating cash flow | −$74.7M | -513% | — |
What changed
Revenue was $217.1M in Q4 2025, up 10% year over year and up 1% from the previous quarter.
Gross margin was 27.3%, up 3.7 points from a year earlier. Operating profit was $16.9M, a 7.8% margin (up 2.3 points year over year). Of the extra revenue versus a year earlier, 30% reached operating profit, above the 6% margin then. Operating expenses grew 19% against revenue growth of 10%. The fastest-growing cost line was Other operating costs (+335%). Net earnings were $9.3M, up 42% year over year. The effective tax rate was 27.3%.
Operating cash flow was −$74.7M. Non-cash charges added back $8.5M of depreciation and amortization and $3.6M of share-based compensation. Working capital and other items used $96.1M. Capital expenditures of $4.1M exceeded it, leaving free cash flow of −$78.8M.
Questions
What was Ducommun's revenue in the fourth quarter 2025?
Ducommun (DCO) reported revenue of $217M for the fourth quarter 2025 (Q4 2025), +10% from a year earlier and +1% from the quarter before.
Was Ducommun profitable in the fourth quarter 2025?
Operating profit was $16.9M (7.8% of revenue) and net earnings $9.3M.
Source: Ducommun 10-K on SEC EDGAR.