Does DUCOMMUN INCORPORATED have an economic moat?

Based on its FY2025 SEC filings, the Moat Index scores DUCOMMUN INCORPORATED (DCO) 24.7 out of 100 — below the Shallow-moat bar, so no moat. The four filters behind that score (each 0–100): pricing power 30, returns on capital 0, balance-sheet safety 55, capital discipline 24.

Is DCO stock trading below its intrinsic value?

Against a deliberately conservative owner-earnings model (9% discount rate, 0% assumed growth, capped at 4%), estimated intrinsic value is $30.28 per share versus a recent price of $168.47 — 456% above value. This is an educational estimate computed from primary SEC filings, not investment advice.

How has DCO's Moat Score changed over time?

The record logs 3 readings since Jul 17, 2026; the latest reads 24.7 out of 100 (no moat). No tier changes on record yet. The history is append-only — readings are only ever added, never rewritten.

The Moat Index

DUCOMMUN INCORPORATED

DCO · Consumer Discretionary · $2.5B mkt cap · FY2025 filings · No moat ·

Doesn't clear the bar

No moat

The four filters

Pricing power30

Median gross margin 21.3% over 10y, stable.

Returns on capital0

Median ROIC 5.0%, above the 9% hurdle in 0% of years.

Balance-sheet safety55

Net cash position — no leverage risk.

Capital discipline24

Owner earnings trend unclear, share count growing (dilution).

Margin of safety

Above valueOn sale

456% above value

Owner earnings (normalized): $40.5M
Est. intrinsic value / share: $30.28
Recent price: $168.47
Discount to value: 456% above value

Conservative model: 9% discount rate, 0% assumed growth (capped at 4%), maintenance capex ≈ min(capex, D&A).

18 years of fundamentals

The business, in plain English

DUCOMMUN INCORPORATED booked $824.8M of revenue in FY2025 in the Consumer Discretionary sector and kept 26.9% of it as gross profit — a moderate-margin business by that measure. After every other cost, −4.5% of each revenue dollar reached the bottom line.

Across the filed record, revenue grew from $430.7M (FY2009) to $824.8M (FY2025) — about 4.1% a year compounded over 16 years.

It earned −4.3% on invested capital in FY2025, with a median of 5.5% across 17 filed years. The Returns on Capital filter above scores it 0/100.

The balance sheet carried $248.4M of total debt in FY2022. Balance-Sheet Safety scores it 55/100.

The share count rose 32.8% between FY2016 and FY2025 — existing owners have been diluted over the record. Capital Discipline scores it 24/100.

Put together: Balance-Sheet Safety is the strongest of the four filters (55/100) and Returns on Capital the weakest (0/100), which is how DCO lands at 25/100 — a None moat.

This breakdown is generated from the filed numbers and sub-scores above — no outside narrative, no estimates. Where a filing doesn’t disclose an input, the sentence that would need it is omitted instead of guessed.

RevenueSales, as filed$824.8M FY2025

Gross marginRevenue kept after cost of goods26.9% FY2025

Return on invested capitalOperating profit on the capital employed−4.3% FY2025

Owner earningsCash an owner could take out−$18.9M FY2025

Gaps in a line mean that item isn’t in DCO’s filings for that year — the series is never interpolated or estimated. The Table view lists every filed value, including operating and net margins, total debt, and share count.

Moat Score history

Moat Score over timeLast scored reading of each day, on the 0–100 scale24.7 / 100

Score history begins Jul 17, 2026 — the record builds from here and can’t be backfilled.

Tier changesSame-methodology crossings of the Wide / Narrow / Shallow bars

None yet — DCO has read No moat for every logged capture since Jul 17, 2026.

Scores are logged append-only and never overwritten — this record can’t be backfilled, which is exactly why it’s worth keeping.

Consumer Discretionary context

#282 of 340 scored Consumer Discretionary companies, ranked by Moat Score.

Nearest peers by Moat Score

#280SRI STONERIDGE, INC.26.1 out of 100, No moatNo moat
#281CVGI Commercial Vehicle Group, Inc.25.0 out of 100, No moatNo moat
#283VEEE TWIN VEE POWERCATS CO.24.6 out of 100, No moatNo moat
#284MG Mistras Group, Inc.24.3 out of 100, No moatNo moat

Compare DCO with its nearest peers →All Consumer Discretionary companies on the Index →

Common questions about DCO

Does DUCOMMUN INCORPORATED have an economic moat?: Based on its FY2025 SEC filings, the Moat Index scores DUCOMMUN INCORPORATED (DCO) 24.7 out of 100 — below the Shallow-moat bar, so no moat. The four filters behind that score (each 0–100): pricing power 30, returns on capital 0, balance-sheet safety 55, capital discipline 24.
Is DCO stock trading below its intrinsic value?: Against a deliberately conservative owner-earnings model (9% discount rate, 0% assumed growth, capped at 4%), estimated intrinsic value is $30.28 per share versus a recent price of $168.47 — 456% above value. This is an educational estimate computed from primary SEC filings, not investment advice.
How has DCO's Moat Score changed over time?: The record logs 3 readings since Jul 17, 2026; the latest reads 24.7 out of 100 (no moat). No tier changes on record yet. The history is append-only — readings are only ever added, never rewritten.

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Scored from primary SEC filings via the public methodology. Educational only — not a recommendation to buy or sell DCO. See the disclaimer.