DCO vs NOC vs LHX Stock Comparison

Ducommun, Northrop Grumman and L3Harris Technologies Prices as of Oct 27, 2026 Peers: Industry group
DCO Ducommun Inc /De/
$164.62 -4.4% 1M +76.9% 1Y
Market cap
$2.49B
P/E
–
Revenue (TTM)
$861.87M
Div. yield
–
Defense Industrials
2 wins

Head to Head

12 decided of 12

Northrop Grumman leads on 6 of the 12 questions below (Northrop Grumman 6, L3Harris Technologies 4, Ducommun 2). Which ones matter depends on what you are buying for; a cheap multiple and slow growth often come together.

QuestionDCONOCLHXLeader
Larger companyMarket capitalisation $2.49B $78.32B $48.29B NOC
Cheaper on earningsLower P/E, profitable companies only -93.4x 17.3x 26.0x NOC
Cheaper on forward earningsLower price / next fiscal year consensus EPS 36.7x 17.9x 22.7x NOC
Faster revenue growthRevenue growth, trailing twelve months +8.8% +6.5% +83.2% LHX
More profitableNet margin, trailing twelve months -3.1% 10.4% 4.8% NOC
Better return on capitalReturn on invested capital -1.7% 12.2% 11.8% NOC
Less leveragedLower net debt / EBITDA 11.9x 1.7x 1.8x NOC
Higher dividend yieldTrailing dividend yield 0.00% 1.73% 1.91% LHX
Better 1-year returnPrice return, last 12 months +76.9% -7.5% -10.9% DCO
Better 5-year returnAnnualised price return, 5 years +28.2%/yr +9.0%/yr +3.0%/yr DCO
Less volatileAnnualised volatility, 1 year 39.2% 28.7% 28.6% LHX
Higher overall scoreMean of the five percentile scores vs peers 34/100 58/100 67/100 LHX

Percentile Scorecard

DCONOCLHX

Each axis is the mean percentile of its metrics against the company's industry group. 100 is the best in the group, 50 the middle.

Scores by Axis

AxisDCONOCLHX
Valuation 39 #61 of 100 78 #23 of 100 93 #8 of 100
Growth 4 #93 of 97 38 #61 of 97 81 #19 of 97
Profitability 40 #58 of 96 78 #22 of 96 74 #26 of 96
Financial Health 52 #51 of 105 40 #63 of 105 36 #68 of 105
Shareholder Returns – 58 #28 of 65 53 #31 of 65
Overall 34 58 67
  • DCO ranked among 107 companies in Aerospace and Defense
  • NOC ranked among 107 companies in Aerospace and Defense
  • LHX ranked among 107 companies in Aerospace and Defense

Price Performance

Price return, split-adjusted, before dividends. Click a name to hide or show it.

Returns

PeriodDCONOCLHXSPY
1 month -4.4%+8.0%+9.1% -0.2%
3 months -7.2%+0.4%-15.0% +3.9%
6 months +15.0%-4.6%-20.2% +8.2%
Year to date +73.0%-3.3%-11.7% +12.9%
1 year +76.9%-7.5%-10.9% +12.3%
3 years +251.7%+16.5%+51.7% +87.4%
3 years, per year +52.1%+5.2%+14.9% +23.3%
5 years +246.0%+53.7%+15.8% +67.9%
5 years, per year +28.2%+9.0%+3.0% +10.9%
10 years +747.7%+144.6%+191.4% +261.1%
10 years, per year +23.8%+9.4%+11.3% +13.7%

Risk

MeasureDCONOCLHXSPY
Volatility, 1Y 39.2%28.7%28.6% 12.7%
Downside volatility, 1Y 38.7%28.4%29.0% 12.7%
Beta vs S&P 500, 1Y 1.42-0.010.19 1.00
Return / volatility, 1Y 1.96-0.26-0.38 0.97
Max drawdown, 5Y -30.7%-38.4%-40.4% -25.4%
From 52-week high -20.5%-28.2%-31.5% -1.2%
52-week high $206.98$768.02$378.48 $779.14
52-week low $86.41$473.40$233.68 $631.97

Valuation History

Weekly multiples on trailing twelve-month fundamentals. Negative or extreme readings (a loss year, a collapsed denominator) are left out so the chart stays readable.

MultipleDCONOCLHX
P/E now vs peer median -93.4xmedian 26.5x 17.3xmedian 26.5x 26.0xmedian 26.5x
P/S now vs peer median 2.9xmedian 3.0x 1.8xmedian 3.0x 1.2xmedian 3.0x
EV/EBITDA now vs peer median 137.3xmedian 14.6x 14.5xmedian 14.6x 11.1xmedian 14.6x
P/FCF now vs peer median -101.6xmedian 26.4x 20.5xmedian 26.4x 17.2xmedian 26.4x
P/B now vs peer median 3.6xmedian 2.5x 4.2xmedian 2.5x 2.4xmedian 2.5x
PEG now vs peer median 2.14median 0.90 17.01median 0.90 0.79median 0.90

Financial History

Reported figures by fiscal period, placed on the calendar year (or quarter) each period ended in, so companies with different fiscal years line up.

Trailing twelve monthsDCONOCLHX
Revenue $861.87M $43.59B $39.15B
Gross profit $235.41M $8.73B $10.02B
Operating income -$22.00M $4.63B $4.04B
Net income -$26.69M $4.52B $1.87B
Free cash flow -$24.47M $3.83B $2.81B
EPS (diluted) $-1.72 $31.74 $9.93
Cash & equivalents $39.80M $3.74B $1.52B
Total debt $276.43M $58.43B $11.00B
Shares (diluted) 15.56M 142.40M 187.30M
Enterprise value $2.31B $65.77B $45.74B

All Metrics

58 metrics · best in bold

Bold marks the best reading: the lowest positive value for multiples, leverage and payout, the highest for everything else. The bar under each value is its percentile against that company's own peers. Hover a value for its rank and the peer median.

Valuation

12 metrics
MetricDCONOCLHX
P/E -93.4x 17.3x 26.0x
P/FCF -101.6x 20.5x 17.2x
P/Operating cash flow -210.6x 14.9x 14.7x
P/S 2.9x 1.8x 1.2x
P/B 3.6x 4.2x 2.4x
P/Tangible book 4.4x 4.2x 3.6x
EV/EBITDA 137.3x 14.5x 11.1x
EV/EBIT -123.7x 19.2x 14.3x
EV/Revenue 3.2x 2.0x 1.5x
EV/FCF -111.2x 23.2x 20.6x
EV/Operating cash flow -230.7x 16.9x 17.5x
PEG (3Y EPS CAGR) 2.14 17.01 0.79

Growth

14 metrics
MetricDCONOCLHX
Revenue growth (1Y) 8.8% 6.5% 83.2%
Revenue CAGR (3Y) 5.1% 4.1% 29.6%
Gross profit growth (1Y) 16.2% 9.8% 82.2%
Gross profit CAGR (3Y) 15.2% 3.4% 27.7%
Operating income growth (1Y) -145.5% 6.8% 86.9%
Operating income CAGR (3Y) -38.2% 6.4% 32.2%
Net income growth (1Y) -185.9% 12.5% 10.0%
Net income CAGR (3Y) -45.9% -1.1% 32.5%
EPS growth (1Y) -184.0% 13.3% 9.9%
EPS CAGR (3Y) -43.7% 1.0% 33.0%
Operating cash flow growth (1Y) -121.2% 53.2% 31.3%
Operating cash flow CAGR (3Y) -39.3% 12.5% 15.5%
Free cash flow growth (1Y) -160.2% 108.8% 29.8%
Free cash flow CAGR (3Y) -73.0% 22.3% 15.2%

Profitability

14 metrics
MetricDCONOCLHX
Gross margin 27.3% 20.0% 25.6%
EBITDA margin 2.3% 14.1% 13.4%
Operating margin -2.6% 10.6% 10.3%
Pretax margin -4.2% 12.0% 9.7%
Net margin -3.1% 10.4% 4.8%
FCF margin -2.8% 8.8% 7.2%
Operating cash flow margin -1.4% 12.1% 8.4%
Return on equity -3.9% 24.7% 9.5%
Return on assets -2.2% 8.8% 4.4%
Return on invested capital -1.7% 12.2% 11.8%
Return on capital employed -2.2% 12.2% 12.0%
Asset turnover 0.7x 0.8x 0.9x
Cash conversion (OCF / net income) 0.4x 1.2x 1.8x
Stock comp / revenue 2.4% 0.3% 0.3%

Financial Health

11 metrics
MetricDCONOCLHX
Debt / assets 22.6% 27.5% 25.6%
Debt / equity 0.4x 0.8x 0.6x
Net debt / EBITDA 11.9x 1.7x 1.8x
Debt / FCF -11.3x 3.8x 3.9x
Liabilities / assets 43.6% 64.4% 53.7%
Equity / assets 56.4% 35.6% 46.3%
Interest coverage – 7.1x –
Current ratio 3.4x 1.2x 1.2x
Quick ratio 2.3x 1.0x 0.8x
Cash ratio 0.2x 0.3x 0.2x
Altman Z-score 4.39 3.08 2.68

Shareholder Returns

7 metrics
MetricDCONOCLHX
Dividend yield – 1.7% 1.9%
Net buyback yield – 0.7% 1.9%
Shareholder yield 0.0% 2.4% 3.8%
Payout ratio (earnings) – 30.2% 49.1%
Payout ratio (FCF) – 35.6% 32.8%
Dividend growth (1Y) – 8.0% 2.9%
Dividend CAGR (3Y) – 7.4% 2.1%

Analyst Estimates

Solid lines are reported fiscal-year results; dashed lines are the consensus for the years ahead. Hover a year for the analysts' high and low, and how each result compared with its estimate.

ConsensusDCONOCLHX
Forward P/E 36.7xFY2026 17.9xFY2026 22.7xFY2026
EPS, next fiscal year $4.49FY2026 $30.81FY2026 $11.44FY2026
EPS growth, next FY +19.7%FY2026 +17.0%FY2026 +6.6%FY2026
EPS growth, the year after +25.2% +3.7% +10.6%
Revenue, next fiscal year $848.72MFY2026 $42.95BFY2026 $24.16BFY2026
Revenue growth, next FY +2.9%FY2026 +2.4%FY2026 +10.5%FY2026
Revenue growth, the year after +18.5% +3.7% +0.3%

Institutional Ownership

13F filings, quarter ended Jun 30, 2026
HoldersDCONOCLHX
Held by institutions 95.8% 83.4% 87.5%
Institutions holding 267 1,809 1,691
Change in shares held, QoQ +6.2% +0.3% -0.5%
Institutions buying 156 840 847
Institutions selling 83 639 570
Buyers to sellers 1.88 1.31 1.49

Return Correlation

Daily returns, last 12 months

1.00 means two stocks move in lockstep, 0 that they move independently. Pairs below about 0.5 diversify each other.

DCONOCLHX
DCO 1.00 0.24 0.26
NOC 0.24 1.00 0.65
LHX 0.26 0.65 1.00

Add a Peer

Largest companies in the same industry

Related Comparisons

Frequently Asked Questions

Which is bigger, DCO, NOC and LHX?

Northrop Grumman (NOC) is the largest by market capitalisation: Ducommun (DCO) $2.49B, Northrop Grumman (NOC) $78.32B, L3Harris Technologies (LHX) $48.29B.

Which stock is cheaper, DCO, NOC and LHX?

Northrop Grumman (NOC) trades on the lowest price-to-earnings ratio (Ducommun (DCO) -93.4x, Northrop Grumman (NOC) 17.3x, L3Harris Technologies (LHX) 26.0x). On next year's consensus earnings, Northrop Grumman (NOC) is cheapest (Ducommun (DCO) 36.7x, Northrop Grumman (NOC) 17.9x, L3Harris Technologies (LHX) 22.7x). A lower multiple can reflect slower expected growth, so read it next to the growth figures.

Which company is growing faster?

L3Harris Technologies (LHX) grew revenue fastest over the trailing twelve months: Ducommun (DCO) +8.8%, Northrop Grumman (NOC) +6.5%, L3Harris Technologies (LHX) +83.2%.

Which company is more profitable?

Northrop Grumman (NOC) has the highest net margin (Ducommun (DCO) -3.1%, Northrop Grumman (NOC) 10.4%, L3Harris Technologies (LHX) 4.8%). On return on invested capital, Northrop Grumman (NOC) leads (Ducommun (DCO) -1.7%, Northrop Grumman (NOC) 12.2%, L3Harris Technologies (LHX) 11.8%).

Which stock has performed better?

Over the past year Ducommun (DCO) returned the most: Ducommun (DCO) +76.9%, Northrop Grumman (NOC) -7.5%, L3Harris Technologies (LHX) -10.9%. Over five years, Ducommun (DCO) compounded fastest (Ducommun (DCO) +28.2%/yr, Northrop Grumman (NOC) +9.0%/yr, L3Harris Technologies (LHX) +3.0%/yr). Returns are price only, before dividends.

Which pays a higher dividend?

L3Harris Technologies (LHX) has the highest dividend yield: Ducommun (DCO) 0.00%, Northrop Grumman (NOC) 1.73%, L3Harris Technologies (LHX) 1.91%. Ducommun (DCO) pays no regular dividend.

Which stock is riskier?

By one-year price volatility, L3Harris Technologies (LHX) has been the steadiest (Ducommun (DCO) 39.2%, Northrop Grumman (NOC) 28.7%, L3Harris Technologies (LHX) 28.6%). Volatility measures how widely the price swings, not the risk of the business.

Which is the better stock, DCO, NOC and LHX?

There is no single answer; it depends on what you are buying for. On the 12 head-to-head measures on this page, Northrop Grumman (NOC) leads on 6. Business Quant does not give investment advice; use the comparison as a starting point for your own research.

Data from SEC filings, exchange prices and consensus estimates, via Business Quant. Percentile scores compare each company with its own peer group, so two companies' scores are each relative to different peers unless you rank against the whole market. Price returns exclude dividends. Nothing on this page is investment advice.