TXT vs. DCO

Last updated Jul 14, 2026

TXT (Textron Inc.) and DCO (Ducommun Incorporated) are both stocks. Both operate in the Aerospace & Defense industry within the Industrials sector. Over the past 10 years, TXT returned 8.91%/yr vs 23.72%/yr for DCO. At a 0.26 correlation, their price movements are largely independent.

Performance

TXT vs. DCO - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Textron Inc. (TXT) and Ducommun Incorporated (DCO). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, TXT achieves a 2.63% return, which is significantly lower than DCO's 71.87% return. Over the past 10 years, TXT has underperformed DCO with an annualized return of 8.91%, while DCO has yielded a comparatively higher 23.72% annualized return.

TXT

• 1D: -1.64%
• 1M: -3.66%
• 6M: -4.10%
• YTD: 2.63%
• 1Y: 5.27%
• 3Y*: 9.99%
• 5Y*: 6.25%
• 10Y*: 8.91%

DCO

• 1D: -0.94%
• 1M: -0.63%
• 6M: 49.66%
• YTD: 71.87%
• 1Y: 90.76%
• 3Y*: 52.11%
• 5Y*: 25.41%
• 10Y*: 23.72%

*Multi-year figures are annualized to reflect compound growth (CAGR)

TXT vs. DCO - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
TXT Textron Inc.	2.63%	14.08%	-4.80%	13.71%	-7.87%	59.93%	8.60%	-2.86%	-18.62%	16.72%
DCO Ducommun Incorporated	71.87%	49.43%	22.28%	4.20%	6.82%	-12.91%	6.27%	39.12%	27.66%	11.31%

Correlation

The correlation between TXT and DCO is 0.43, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.43
Correlation (3Y) Calculated over the trailing 3-year period	0.42
Correlation (5Y) Calculated over the trailing 5-year period	0.50
Correlation (10Y) Calculated over the trailing 10-year period	0.49
Correlation (All Time) Calculated using the full available price history since Oct 24, 1984	0.26

The correlation between TXT and DCO shifts across timeframes, from 0.26 (all time) to 0.50 (5 years), reflecting how their relationship changes across market environments.

Fundamentals

Market Cap TXT : $15.55B DCO : $2.47B
EPS TXT : $5.23 DCO : -$2.28
PS Ratio TXT : 1.05 DCO : 2.95
PB Ratio TXT : 1.97 DCO : 3.81
Total Revenue (TTM) TXT : $15.19B DCO : $839.64M
Gross Profit (TTM) TXT : $2.19B DCO : $226.25M
EBITDA (TTM) TXT : $1.61B DCO : $11.47M

Return for Risk

TXT vs. DCO — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

TXT

TXT Risk / Return Rank: 50
TXT Sharpe Ratio Rank: 53
TXT Sortino Ratio Rank: 45
TXT Omega Ratio Rank: 45
TXT Calmar Ratio Rank: 55
TXT Martin Ratio Rank: 54

DCO

DCO Risk / Return Rank: 94
DCO Sharpe Ratio Rank: 95
DCO Sortino Ratio Rank: 92
DCO Omega Ratio Rank: 91
DCO Calmar Ratio Rank: 95
DCO Martin Ratio Rank: 96

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

TXT vs. DCO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Textron Inc. (TXT) and Ducommun Incorporated (DCO). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	TXT	DCO	Difference
Sharpe ratio: Return per unit of total volatility	0.20	2.48	-2.27
Sortino ratio: Return per unit of downside risk	0.45	2.98	-2.53
Omega ratio: Gain probability vs. loss probability	1.06	1.39	-0.33
Calmar ratio: Return relative to maximum drawdown	0.36	5.69	-5.33
Martin ratio: Return relative to average drawdown	0.70	16.61	-15.91

TXT vs. DCO - Sharpe Ratio Comparison

The current TXT Sharpe Ratio is 0.20, which is lower than the DCO Sharpe Ratio of 2.48. The chart below compares the historical Sharpe Ratios of TXT and DCO, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

TXT vs. DCO - Drawdown Comparison

The maximum TXT drawdown since its inception was -94.72%, roughly equal to the maximum DCO drawdown of -95.13%. Use the drawdown chart below to compare losses from any high point for TXT and DCO.

Drawdown Indicators

	TXT	DCO	Difference
Max Drawdown Largest peak-to-trough decline	-94.72%	-95.13%	+0.41%
Max Drawdown (1Y) Largest decline over 1 year	-14.69%	-16.03%	+1.34%
Max Drawdown (3Y) Largest decline over 3 years	-37.33%	-23.46%	-13.87%
Max Drawdown (5Y) Largest decline over 5 years	-37.33%	-30.69%	-6.64%
Max Drawdown (10Y) Largest decline over 10 years	-69.96%	-70.83%	+0.87%
Current Drawdown Current decline from peak	-11.22%	-14.06%	+2.84%
Average Drawdown Average peak-to-trough decline	-26.92%	-38.12%	+11.20%
Ulcer Index Depth and duration of drawdowns from previous peaks	7.58%	5.48%	+2.10%

Volatility

TXT vs. DCO - Volatility Comparison

The current volatility for Textron Inc. (TXT) is 8.26%, while Ducommun Incorporated (DCO) has a volatility of 13.19%. This indicates that TXT experiences smaller price fluctuations and is considered to be less risky than DCO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	TXT	DCO	Difference
Volatility (1M) Calculated over the trailing 1-month period	8.26%	13.19%	-4.93%
Volatility (6M) Calculated over the trailing 6-month period	20.58%	27.85%	-7.27%
Volatility (1Y) Calculated over the trailing 1-year period	26.15%	36.91%	-10.76%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	27.53%	33.78%	-6.25%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	32.90%	43.64%	-10.74%

Dividends

TXT vs. DCO - Dividend Comparison

TXT's dividend yield for the trailing twelve months is around 0.09%, while DCO has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
DCO Ducommun Incorporated	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
TXT Textron Inc.	0.09%	0.09%	0.10%	0.10%	0.47%	0.10%	0.17%	0.18%	0.17%	0.14%	0.16%	0.19%

Financials

TXT vs. DCO - Profitability Comparison

The chart below illustrates the profitability comparison between Textron Inc. and Ducommun Incorporated over time, highlighting three key metrics: Gross Profit Margin, Operating Margin, and Net Profit Margin.

TXT - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jul 2026, Textron Inc. reported a gross profit of 320.00M and revenue of 3.70B. Therefore, the gross margin over that period was 8.7%.

DCO - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jul 2026, Ducommun Incorporated reported a gross profit of 56.23M and revenue of 209.02M. Therefore, the gross margin over that period was 26.9%.

TXT - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Jul 2026, Textron Inc. reported an operating income of 226.00M and revenue of 3.70B, resulting in an operating margin of 6.1%.

DCO - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Jul 2026, Ducommun Incorporated reported an operating income of 15.72M and revenue of 209.02M, resulting in an operating margin of 7.5%.

TXT - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Jul 2026, Textron Inc. reported a net income of 220.00M and revenue of 3.70B, resulting in a net margin of 6.0%.

DCO - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Jul 2026, Ducommun Incorporated reported a net income of 9.92M and revenue of 209.02M, resulting in a net margin of 4.7%.

Frequently Asked Questions

Can I hold both TXT and DCO in my portfolio?

TXT and DCO have a correlation of 0.43, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, TXT or DCO?

DCO has higher volatility (13.19%) compared to TXT (8.26%). In terms of maximum drawdown, TXT dropped -94.72% vs DCO's -95.13%.

Which has better risk-adjusted returns?

DCO currently has the higher Sharpe Ratio (2.48 vs 0.20), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.