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Ducommun vs Elbit Systems: revenue, profit, margins and growth compared

Ducommun brought in $824.8M of revenue in fiscal 2025, Elbit Systems $7.9B in fiscal 2025. Revenue changed by +4.9% at Ducommun and +16.3% at Elbit Systems on the year before, so Elbit Systems grew faster. Ducommun kept -4.5% of its revenue as net profit, Elbit Systems 6.7%. Free cash flow was -$48.6M at Ducommun and $552.8M at Elbit Systems.

Side by side, latest fiscal year

DCOESLT
Fiscal year endedFY2025 (December 31, 2025)FY2025 (December 31, 2025)
Revenue$824.8M$7.9B
Revenue growth+4.9%+16.3%
Net income-$37.4M$534.3M
Net margin-4.5%6.7%
Free cash flow-$48.6M$552.8M
Free cash flow margin-5.9%7.0%
Earnings per share (diluted)-$2.50$11.39
Cash$45.3M$635.1M
Debt$298.8M$101.5M
Price to earningsn/an/a
Market value$2.6B$34.2B
Dividend yieldn/an/a
Rank by revenue in sector#284 of 451 · Industrials#81 of 451 · Industrials

Over the years

Revenue
DCO FY2018: $629.3MDCO FY2019: $721.1MDCO FY2020: $628.9MDCO FY2021: $645.4MDCO FY2022: $712.5MDCO FY2023: $757MDCO FY2024: $786.4MDCO FY2025: $824.8MESLT FY2018: $3.7BESLT FY2019: $4.5BESLT FY2020: $4.7BESLT FY2021: $5.3BESLT FY2022: $5.5BESLT FY2023: $6BESLT FY2024: $6.8BESLT FY2025: $7.9BFY18FY19FY20FY21FY22FY23FY24FY25
DCO $824.8MESLT $7.9B
Net income
DCO FY2018: $9MDCO FY2019: $32.5MDCO FY2020: $29.2MDCO FY2021: $135.5MDCO FY2022: $28.8MDCO FY2023: $15.9MDCO FY2024: $21.7MDCO FY2025: -$37.4MESLT FY2018: $206.7MESLT FY2019: $227.9MESLT FY2020: $237.7MESLT FY2021: $274.4MESLT FY2022: $275.4MESLT FY2023: $215.1MESLT FY2024: $321.1MESLT FY2025: $534.3MFY18FY19FY20FY21FY22FY23FY24FY25
DCO -$37.4MESLT $534.3M
Net margin
DCO FY2018: 1.4%DCO FY2019: 4.5%DCO FY2020: 4.6%DCO FY2021: 21.0%DCO FY2022: 4.0%DCO FY2023: 2.1%DCO FY2024: 2.8%DCO FY2025: -4.5%ESLT FY2018: 5.6%ESLT FY2019: 5.1%ESLT FY2020: 5.1%ESLT FY2021: 5.2%ESLT FY2022: 5.0%ESLT FY2023: 3.6%ESLT FY2024: 4.7%ESLT FY2025: 6.7%FY18FY19FY20FY21FY22FY23FY24FY25
DCO -4.5%ESLT 6.7%
Revenue growth
DCO FY2019: +14.6%DCO FY2020: -12.8%DCO FY2021: +2.6%DCO FY2022: +10.4%DCO FY2023: +6.2%DCO FY2024: +3.9%DCO FY2025: +4.9%ESLT FY2019: +22.4%ESLT FY2020: +3.4%ESLT FY2021: +13.2%ESLT FY2022: +4.4%ESLT FY2023: +8.4%ESLT FY2024: +14.3%ESLT FY2025: +16.3%FY19FY20FY21FY22FY23FY24FY25
DCO +4.9%ESLT +16.3%
Free cash flow
DCO FY2018: $28.6MDCO FY2019: $32.7MDCO FY2020: $101KDCO FY2021: -$17.4MDCO FY2022: $13MDCO FY2023: $11.5MDCO FY2024: $20.1MDCO FY2025: -$48.6MESLT FY2018: $89.4MESLT FY2019: -$190.9MESLT FY2020: $146.6MESLT FY2021: $228.3MESLT FY2022: $35MESLT FY2023: -$73.3MESLT FY2024: $319.6MESLT FY2025: $552.8MFY18FY19FY20FY21FY22FY23FY24FY25
DCO -$48.6MESLT $552.8M

Fiscal years as each company reports them; the two may end in different months.

Questions about Ducommun and Elbit Systems

Which is bigger by revenue, Ducommun or Elbit Systems?

Elbit Systems is bigger by revenue: $7.9B in fiscal 2025, against $824.8M for Ducommun in fiscal 2025.

Which keeps more of its revenue as profit, Ducommun or Elbit Systems?

Ducommun had a net margin of -4.5% in fiscal 2025; Elbit Systems had 6.7% in fiscal 2025.

Which grew revenue faster, Ducommun or Elbit Systems?

In their latest fiscal years revenue changed by +4.9% at Ducommun and +16.3% at Elbit Systems.

Where do these numbers come from?

From the annual reports each company files with the SEC (10-K, or 20-F and 40-F for foreign companies), read from their XBRL data. Margins and growth are simple arithmetic on those figures. Nothing here is a recommendation.

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