Ducommun Incorporated
Ducommun Incorporated provides engineering and manufacturing services for products and applications used in the aerospace and defense, industrial, medical, and other industries in the United States. It operates through two segments, Electronic Systems and Structural Systems. The Electronic Systems segment provides cable assemblies and interconnect systems; printed circuit board assemblies; electr… Read more
Ducommun Incorporated (DCO) - Net Assets
Latest net assets as of September 2025: $649.04 Million USD
Based on the latest financial reports, Ducommun Incorporated (DCO) has net assets worth $649.04 Million USD as of September 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($1.25 Billion) and total liabilities ($599.52 Million). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $649.04 Million |
| % of Total Assets | 51.98% |
| Annual Growth Rate | 5.89% |
| 5-Year Change | 107.25% |
| 10-Year Change | 264.34% |
| Growth Volatility | 62.07 |
Ducommun Incorporated - Net Assets Trend (1985–2024)
This chart illustrates how Ducommun Incorporated's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Ducommun Incorporated (1985–2024)
The table below shows the annual net assets of Ducommun Incorporated from 1985 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | $682.53 Million | +7.30% |
| 2023-12-31 | $636.09 Million | +20.94% |
| 2022-12-31 | $525.96 Million | +10.82% |
| 2021-12-31 | $474.60 Million | +44.11% |
| 2020-12-31 | $329.33 Million | +12.48% |
| 2019-12-31 | $292.80 Million | +14.01% |
| 2018-12-31 | $256.82 Million | +9.02% |
| 2017-12-31 | $235.58 Million | +11.07% |
| 2016-12-31 | $212.10 Million | +13.22% |
| 2015-12-31 | $187.33 Million | -26.99% |
| 2014-12-31 | $256.57 Million | +7.04% |
| 2013-12-31 | $239.69 Million | +7.64% |
| 2012-12-31 | $222.68 Million | +9.00% |
| 2011-12-31 | $204.28 Million | -19.63% |
| 2010-12-31 | $254.19 Million | +8.68% |
| 2009-12-31 | $233.89 Million | +4.21% |
| 2008-12-31 | $224.45 Million | +4.86% |
| 2007-12-31 | $214.05 Million | +14.45% |
| 2006-12-31 | $187.03 Million | +11.42% |
| 2005-12-31 | $167.85 Million | +10.80% |
| 2004-12-31 | $151.49 Million | +9.98% |
| 2003-12-31 | $137.75 Million | +14.37% |
| 2002-12-31 | $120.44 Million | +5.10% |
| 2001-12-31 | $114.60 Million | +15.14% |
| 2000-12-31 | $99.53 Million | +13.36% |
| 1999-12-31 | $87.80 Million | +4.90% |
| 1998-12-31 | $83.70 Million | +13.57% |
| 1997-12-31 | $73.70 Million | +24.49% |
| 1996-12-31 | $59.20 Million | +140.65% |
| 1995-12-31 | $24.60 Million | +55.70% |
| 1994-12-31 | $15.80 Million | +16.18% |
| 1993-12-31 | $13.60 Million | +312.12% |
| 1992-12-31 | $3.30 Million | +178.57% |
| 1991-12-31 | $-4.20 Million | +36.36% |
| 1990-12-31 | $-6.60 Million | +22.35% |
| 1989-12-31 | $-8.50 Million | +6.59% |
| 1988-12-31 | $-9.10 Million | -126.92% |
| 1987-12-31 | $33.80 Million | -36.23% |
| 1986-12-31 | $53.00 Million | -27.69% |
| 1985-12-31 | $73.30 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Ducommun Incorporated's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have grown by 1813.4% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | $453.48 Million | 66.44% |
| Common Stock | $148.00K | 0.02% |
| Other Comprehensive Income | $11.38 Million | 1.67% |
| Other Components | $217.52 Million | 31.87% |
| Total Equity | $682.53 Million | 100.00% |
Ducommun Incorporated Competitors by Market Cap
The table below lists competitors of Ducommun Incorporated ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Alten SA
PA:ATE
|
$1.73 Billion |
|
Ipsos SA
OTCGREY:IPSOF
|
$1.73 Billion |
|
Hisense Kelon Electrical Holdings Co Ltd
SHE:000921
|
$1.73 Billion |
|
iQIYI Inc
NASDAQ:IQ
|
$1.73 Billion |
|
Expro Group Holdings NV
NYSE:XPRO
|
$1.73 Billion |
|
Oracle Financial Services Software Limited
NSE:OFSS
|
$1.73 Billion |
|
Anhui Jingcheng Copper Share Co Ltd
SHE:002171
|
$1.73 Billion |
|
KINGSOFT C.H.LTD. DL-001
F:KS70
|
$1.73 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Ducommun Incorporated's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 636,094,000 to 682,530,000, a change of 46,436,000 (7.3%).
- Net income of 31,495,000 contributed positively to equity growth.
- Share repurchases of 2,856,000 reduced equity.
- Other comprehensive income increased equity by 3,613,000.
- Other factors increased equity by 14,184,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $31.50 Million | +4.61% |
| Share Repurchases | $2.86 Million | -0.42% |
| Other Comprehensive Income | $3.61 Million | +0.53% |
| Other Changes | $14.18 Million | +2.08% |
| Total Change | $- | 7.30% |
Book Value vs Market Value Analysis
This analysis compares Ducommun Incorporated's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 2.77x
- The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
- The price-to-book ratio has decreased from 8.81x to 2.77x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 1985-12-31 | $14.28 | $125.87 | x |
| 1986-12-31 | $10.60 | $125.87 | x |
| 1987-12-31 | $6.99 | $125.87 | x |
| 1988-12-31 | $-1.83 | $125.87 | x |
| 1989-12-31 | $-1.70 | $125.87 | x |
| 1990-12-31 | $-1.32 | $125.87 | x |
| 1991-12-31 | $-0.78 | $125.87 | x |
| 1992-12-31 | $0.55 | $125.87 | x |
| 1993-12-31 | $2.01 | $125.87 | x |
| 1994-12-31 | $2.30 | $125.87 | x |
| 1995-12-31 | $2.85 | $125.87 | x |
| 1996-12-31 | $5.17 | $125.87 | x |
| 1997-12-31 | $6.18 | $125.87 | x |
| 1998-12-31 | $7.20 | $125.87 | x |
| 1999-12-31 | $8.39 | $125.87 | x |
| 2000-12-31 | $10.17 | $125.87 | x |
| 2001-12-31 | $11.77 | $125.87 | x |
| 2002-12-31 | $12.03 | $125.87 | x |
| 2003-12-31 | $13.86 | $125.87 | x |
| 2004-12-31 | $14.92 | $125.87 | x |
| 2005-12-31 | $16.48 | $125.87 | x |
| 2006-12-31 | $18.18 | $125.87 | x |
| 2007-12-31 | $20.47 | $125.87 | x |
| 2008-12-31 | $21.08 | $125.87 | x |
| 2009-12-31 | $22.25 | $125.87 | x |
| 2010-12-31 | $23.99 | $125.87 | x |
| 2011-12-31 | $19.39 | $125.87 | x |
| 2012-12-31 | $20.95 | $125.87 | x |
| 2013-12-31 | $22.09 | $125.87 | x |
| 2014-12-31 | $23.06 | $125.87 | x |
| 2015-12-31 | $16.96 | $125.87 | x |
| 2016-12-31 | $18.77 | $125.87 | x |
| 2017-12-31 | $20.38 | $125.87 | x |
| 2018-12-31 | $22.03 | $125.87 | x |
| 2019-12-31 | $24.83 | $125.87 | x |
| 2020-12-31 | $27.60 | $125.87 | x |
| 2021-12-31 | $38.74 | $125.87 | x |
| 2022-12-31 | $42.53 | $125.87 | x |
| 2023-12-31 | $45.53 | $125.87 | x |
| 2024-12-31 | $45.46 | $125.87 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Ducommun Incorporated utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 4.61%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 4.00%
- • Asset Turnover: 0.70x
- • Equity Multiplier: 1.65x
- Recent ROE (4.61%) is below the historical average (9.49%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 1985 | -5.32% | -0.94% | 1.56x | 3.65x | $-11.23 Million |
| 1986 | -36.23% | -4.22% | 1.75x | 4.92x | $-24.50 Million |
| 1987 | 4.44% | 1.97% | 0.38x | 6.02x | $-1.88 Million |
| 1988 | 0.00% | -27.26% | 1.02x | 0.00x | $-15.39 Million |
| 1989 | 0.00% | 0.44% | 1.21x | 0.00x | $1.15 Million |
| 1990 | 0.00% | 2.28% | 1.40x | 0.00x | $2.36 Million |
| 1991 | 0.00% | 2.82% | 1.43x | 0.00x | $2.52 Million |
| 1992 | 90.91% | 4.45% | 1.36x | 15.06x | $2.67 Million |
| 1993 | 75.00% | 15.81% | 1.17x | 4.07x | $8.84 Million |
| 1994 | 13.92% | 3.57% | 0.77x | 5.06x | $620.00K |
| 1995 | 20.33% | 5.48% | 1.13x | 3.29x | $2.54 Million |
| 1996 | 17.40% | 8.70% | 1.24x | 1.62x | $4.38 Million |
| 1997 | 19.40% | 9.09% | 1.51x | 1.41x | $6.93 Million |
| 1998 | 28.32% | 13.88% | 1.46x | 1.40x | $15.33 Million |
| 1999 | 15.26% | 9.17% | 1.03x | 1.62x | $4.62 Million |
| 2000 | 12.78% | 7.68% | 1.10x | 1.51x | $2.77 Million |
| 2001 | 12.74% | 6.49% | 1.04x | 1.89x | $3.14 Million |
| 2002 | 5.40% | 3.06% | 1.08x | 1.64x | $-5.54 Million |
| 2003 | 11.76% | 7.17% | 1.14x | 1.44x | $2.43 Million |
| 2004 | 7.37% | 4.97% | 1.10x | 1.35x | $-3.98 Million |
| 2005 | 9.53% | 6.40% | 1.10x | 1.36x | $-792.10K |
| 2006 | 7.64% | 4.48% | 1.07x | 1.59x | $-4.41 Million |
| 2007 | 9.17% | 5.34% | 1.10x | 1.55x | $-1.78 Million |
| 2008 | 5.84% | 3.25% | 1.10x | 1.63x | $-9.33 Million |
| 2009 | 4.35% | 2.36% | 1.22x | 1.51x | $-13.21 Million |
| 2010 | 7.79% | 4.85% | 1.18x | 1.36x | $-5.61 Million |
| 2011 | -23.29% | -8.19% | 0.72x | 3.96x | $-68.01 Million |
| 2012 | 7.38% | 2.20% | 0.95x | 3.53x | $-5.83 Million |
| 2013 | 3.90% | 1.27% | 0.96x | 3.19x | $-14.63 Million |
| 2014 | 7.74% | 2.68% | 0.99x | 2.91x | $-5.79 Million |
| 2015 | -39.12% | -11.00% | 1.19x | 3.00x | $-92.02 Million |
| 2016 | 11.91% | 4.59% | 1.07x | 2.43x | $4.05 Million |
| 2017 | 8.52% | 3.60% | 0.98x | 2.41x | $-3.48 Million |
| 2018 | 3.52% | 1.44% | 0.97x | 2.52x | $-16.65 Million |
| 2019 | 11.09% | 4.50% | 0.91x | 2.70x | $3.18 Million |
| 2020 | 8.86% | 4.64% | 0.75x | 2.54x | $-3.76 Million |
| 2021 | 28.56% | 21.00% | 0.66x | 2.06x | $88.08 Million |
| 2022 | 5.47% | 4.04% | 0.70x | 1.94x | $-23.81 Million |
| 2023 | 2.50% | 2.10% | 0.68x | 1.76x | $-47.68 Million |
| 2024 | 4.61% | 4.00% | 0.70x | 1.65x | $-36.76 Million |
Industry Comparison
This section compares Ducommun Incorporated's net assets metrics with peer companies in the Aerospace & Defense industry.
Industry Context
- Industry: Aerospace & Defense
- Average net assets among peers: $301,480,945
- Average return on equity (ROE) among peers: 29.17%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Ducommun Incorporated (DCO) | $649.04 Million | -5.32% | 0.92x | $1.73 Billion |
| Alabama Aircraft Industries Inc (AAIIQ) | $3.00 Million | 70.00% | 22.83x | $0.97 |
| AAC Clyde Space AB (ACCMF) | $662.75 Million | -6.24% | 0.42x | $49.09 Million |
| Archer Aviation Inc (ACHR) | $698.90 Million | -49.76% | 0.10x | $3.44 Billion |
| American Defense Systems Inc (ADFS) | $9.01 Million | 34.56% | 0.45x | $4.85K |
| AAR Corp (AIR) | $866.00 Million | 7.82% | 1.54x | $4.16 Billion |
| Air Industries Group (AIRI) | $21.61 Million | 17.30% | 1.32x | $12.09 Million |
| AIRO Group Holdings, Inc. Common Stock (AIRO) | $548.73 Million | -7.05% | 0.28x | $168.72 Million |
| Philly Shipyard ASA (AKRRF) | $155.58 Million | 43.21% | 0.63x | $13.32 Million |
| ASI Aviation Inc (ASAV) | $6.88 | 150.58% | 2.47x | $2.48 Million |
| Astronics Corporation (ATRO) | $49.23 Million | 31.26% | 1.11x | $2.35 Billion |