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Dycom Industries

DY NYSE Construction & Engineering Financials FY2016–FY2026

Dycom Industries' revenue rose 17.9% to $5.5 billion in fiscal 2026. Its net margin was 5.1%, up from 5.0% a year earlier. Free cash flow was $402 million, up 307.2%. It paid out $30 million in dividends and buybacks, 8% of free cash flow. The diluted share count fell 0.2%.

Last close · Oct 23, 2026

$224.56

0.3%
Value it Compare
Revenue Total sales reported in the income statement.
$5.5B
17.9% vs prior year
Operating margin Operating income as a share of revenue.
—
Net income Profit after all expenses, interest and tax.
$281M
20.5%
Free cash flow Cash from operations minus capital spending.
$402M
307.2%
Return on capital After-tax operating income as a share of the money invested in the business: debt plus equity, minus cash.
10.9%
3.5 pts
Market cap Last close times the latest diluted share count, so it is approximate.
$6.8B
Oct 23 close
P/E Last close divided by diluted earnings per share over the last four quarters.
20.5x
On $10.95 EPS (TTM)

What Dycom Industries does

No business description yet.

Legal name
DYCOM INDUSTRIES, INC.
Fiscal year ends
January 31, 2026
Latest annual report
—
Accession · CIK
0000067215-26-000008
0000067215

Revenue and margins

Dycom Industries had $5.5B of revenue in fiscal 2026, up 18.0% on the year before.

Revenue
Revenue
Margins, % of revenue
Gross Operating Net FCF
Margins, % of revenue
Gross Operating Net FCF

Net income and earnings per share

From fiscal 2016 to 2026, diluted EPS grew 10.5% a year. Loss periods are shown in red.

Net income
Net income
Diluted EPS
Diluted EPS

Returns on capital

After-tax operating income as a share of the money invested in the business: debt plus equity, minus cash.

Return on capital, equity and assets (annual)
Return on capital Return on equity Return on assets

Cash flow

Free cash flow was $402M in fiscal 2026, 7.2% of revenue. Cash from operations minus capital spending.

Free cash flow
Free cash flow
Cash from operations vs capital spending
Cash from operations Capital spending
Cash from operations vs capital spending
Cash from operations Capital spending

Dividends, buybacks and share count

Dycom Industries returned $30.2M to shareholders in fiscal 2026, 8% of free cash flow. The diluted share count fell 0.2%.

Dividends and buybacks
Dividends Buybacks
Dividends and buybacks
Dividends Buybacks
Diluted shares outstanding (annual)

Value Dycom Industries yourself

Change the assumptions and see what they imply per share. These are models, not forecasts or price targets — the answer depends entirely on what you put in.

Discounted cash flow

Value per share

—

Adds net cash of −$2.1B and divides by 29.4M diluted shares. Ten years of cash flows plus a terminal value, discounted to today.

Earnings multiple

Value per share

—

Reference multiples: today 20.5x · peers 22.3x · sector 26.0x.

Balance sheet

Cash, debt and the ratios that show how comfortably Dycom Industries can carry it.

Cash vs debt (incl. leases)
Cash Debt
Fiscal year endFY22FY23FY24FY25FY26
Cash and short-term investments $311M$224M$101M$92.7M$709M
Debt incl. finance leases $841M$825M$809M$943M$2.8B
Net debt / EBITDA 2.3x1.7x1.4x1.5x3.0x
Debt / equity 1.1x1.0x0.8x0.8x1.5x
Interest coverage 3.4x5.8x6.8x6.3x6.9x
Current ratio 3.6x3.2x3.1x2.9x2.7x
Quick ratio 3.3x2.9x2.9x2.7x2.6x
Total assets $2.1B$2.3B$2.5B$2.9B$6.0B
Total liabilities $1.4B$1.4B$1.5B$1.7B$4.1B
Shareholders' equity $759M$869M$1.1B$1.2B$1.9B
Net debt (− = net cash) $530M$601M$708M$851M$2.1B

Insider trades

Open-market purchases and sales by officers, directors and 10% owners, from Form 4 filings. 'Plan' marks trades under a pre-arranged Rule 10b5-1 plan.

Bought, 12 months

$0.6M

3 insiders

Sold, 12 months

$1.3M

1 insider

Of sales under plans

0%

$0.0M

DateInsiderTradeSharesPriceValueFiling
Sep 23, 2026 Carmen M SabaterDirector Bought 350 $280.62 $0.1M Form 4
Sep 9, 2026 Daniel S PeyovichPresident & CEO Bought 850 $296.76 $0.3M Form 4
Sep 1, 2026 David Joseph FallonDirector Bought 700 $286.92 $0.2M Form 4
Jan 9, 2026 Eitan GertelDirector Sold 3,645 $345.62 $1.3M Form 4

Piotroski F-score

Nine pass/fail tests of profitability, funding and efficiency. 8–9 is strong, 0–2 weak.

TestFY24FY25FY26
Net income is positive ✓ ✓ ✓
Cash from operations is positive ✓ ✓ ✓
Return on assets rose ✓ ✕ ✓
Cash from operations exceeds net income ✓ ✓ ✓
Debt fell relative to assets ✓ ✕ ✕
Current ratio rose ✕ ✕ ✕
Share count didn't rise ✓ ✓ ✓
Gross margin rose — — —
Revenue rose relative to assets ✓ ✓ ✓
F-score 7 / 85 / 86 / 8
Accruals ratio −1.7%−4.2%−8.1%
Altman Z'' 5.745.413.68

Similar companies

Each company's latest fiscal year. Fiscal years end in different months, so periods don't line up exactly.

CompanyMarket capGrowthOp. marginFCF marginROICP/EF-score
Dycom Industries DY $6.8B 18.0% — 7.2% 10.9% 20.5x 6
Tetra Tech TTEK $9.6B 4.7% 7.5% 8.1% 11.2% 22.3x 6 Compare →
APi Group APG $17.2B 12.7% 7.0% 8.4% 7.7% — 8 Compare →
Comfort Systems USA FIX $40.9B 29.5% 14.4% 11.3% 73.3% 25.1x 7 Compare →
IES IESC $4.3B 16.9% 11.4% 6.5% 50.5% 9.5x 6 Compare →

10 years of figures

US$ millions unless stated. Hover a ratio's name for its definition.

Download CSV
Fiscal yearFY16FY17FY19FY20FY21FY22FY23FY24FY25FY26
Income statement
Revenue $2.7B $3.1B $3.1B $3.3B $3.2B $3.1B $3.8B $4.2B $4.7B $5.5B
Interest expense $15.9M $16.5M $22.3M $26.7M $20.7M $22.1M $37.9M $50.7M $57.9M $62.3M
Pretax income $206M $250M $88.0M $78.5M $59.2M $52.8M $180M $292M $308M $368M
Income tax $77.6M $93.2M $25.1M $21.3M $24.9M $4.2M $37.9M $73.1M $74.4M $86.7M
Net income $129M $157M $62.9M $57.2M $34.3M $48.6M $142M $219M $233M $281M
Diluted EPS $3.89 $4.92 $1.97 $1.80 $1.07 $1.57 $4.74 $7.37 $7.92 $9.56
Diluted shares 0.03B 0.03B 0.03B 0.03B 0.03B 0.03B 0.03B 0.03B 0.03B 0.03B
Cash flow
Cash from operations $276M $256M $124M $58.0M $382M $309M $165M $259M $349M $643M
Capital expenditure $186M $201M $165M $121M $58.0M $157M $201M $219M $251M $241M
Free cash flow $89.7M $55.3M −$40.5M −$62.6M $324M $152M −$36.2M $40.5M $98.6M $402M
Depreciation and amortization $125M $148M $180M $188M $176M $153M $144M $163M $199M $270M
Stock-based compensation $16.8M $20.8M $20.2M $10.0M $12.8M $9.9M $17.9M $25.5M $40.3M $34.5M
Acquisitions $157M $26.1M $20.9M $0.0M $0.0M $0.0M $0.3M $123M $184M $1.6B
Share buybacks $170M $62.9M $0.0M $0.0M $100M $106M $48.7M $49.7M $65.6M $30.2M
Dividends paid $0.0M $0.0M $0.0M $0.0M $0.0M $0.0M $0.0M $0.0M $0.0M $0.0M
Dividends and buybacks $170M $62.9M $0.0M $0.0M $100M $106M $48.7M $49.7M $65.6M $30.2M
Balance sheet
Cash and short-term investments $33.8M $38.6M $128M $54.6M $11.8M $311M $224M $101M $92.7M $709M
Total debt $719M $760M $873M $867M $583M $841M $825M $809M $943M $2.8B
Finance lease liabilities $0.0M $0.0M $0.0M $0.0M $0.0M $0.0M $0.0M $0.0M $0.0M $0.0M
Current assets $851M $939M $1.1B $1.3B $1.2B $1.4B $1.5B $1.6B $1.7B $2.8B
Current liabilities $323M $319M $285M $323M $449M $382M $470M $506M $587M $1.0B
Inventory $73.6M $83.2M $94.4M $98.3M $70.8M $81.3M $115M $109M $127M $128M
Property and equipment, net $327M $422M $425M $377M $274M $295M $368M $445M $542M $575M
Total assets $1.7B $1.9B $2.1B $2.2B $1.9B $2.1B $2.3B $2.5B $2.9B $6.0B
Total liabilities $1.2B $1.2B $1.3B $1.3B $1.1B $1.4B $1.4B $1.5B $1.7B $4.1B
Shareholders' equity $557M $672M $804M $869M $811M $759M $869M $1.1B $1.2B $1.9B
Margins
EBITDA margin 13.0% 13.5% 9.3% 8.8% 8.0% 7.3% 9.5% 12.1% 12.0% 12.6%
Net margin 4.8% 5.1% 2.0% 1.7% 1.1% 1.6% 3.7% 5.2% 5.0% 5.1%
FCF margin 3.4% 1.8% −1.3% −1.9% 10.1% 4.8% −1.0% 1.0% 2.1% 7.2%
Returns
Return on capital 12.3% 12.7% — 4.8% 3.0% 5.2% 12.5% 15.9% 14.4% 10.9%
Return on capital employed 17.6% 17.9% — 5.7% 4.7% 4.6% 12.2% 17.8% 16.7% 11.7%
Return on equity 24.2% 25.6% — 6.8% 4.1% 6.2% 17.5% 22.8% 20.4% 18.2%
Return on assets 8.4% 8.7% — 2.7% 1.7% 2.4% 6.4% 9.1% 8.6% 6.3%
Growth
Revenue growth — 14.8% — 6.8% −4.2% −2.2% 21.7% 9.6% 12.6% 18.0%
Net income growth 52.7% 22.1% — −9.1% −40.0% 41.5% 192.8% 53.9% 6.6% 20.5%
EPS growth 61.4% 26.5% — −8.6% −40.6% 46.7% 201.9% 55.5% 7.5% 20.7%
FCF growth 130.6% −38.4% — — — −53.2% −123.9% — 143.7% 307.3%
Share count change −5.5% −3.4% — −0.5% 0.8% −3.9% −2.8% −1.0% −0.7% −0.2%
Financial health
Net debt / EBITDA 2.0x 1.7x 2.6x 2.8x 2.2x 2.3x 1.7x 1.4x 1.5x 3.0x
Debt / equity 1.3x 1.1x 1.1x 1.0x 0.7x 1.1x 1.0x 0.8x 0.8x 1.5x
Interest coverage 14.0x 16.2x 5.0x 4.0x 3.9x 3.4x 5.8x 6.8x 6.3x 6.9x
Current ratio 2.6x 3.0x 3.9x 3.9x 2.6x 3.6x 3.2x 3.1x 2.9x 2.7x
Quick ratio 2.4x 2.7x 3.5x 3.6x 2.5x 3.3x 2.9x 2.9x 2.7x 2.6x
Capital allocation
Capex / revenue 7.0% 6.6% 5.3% 3.6% 1.8% 5.0% 5.3% 5.2% 5.3% 4.3%
Stock comp / revenue 0.6% 0.7% 0.7% 0.3% 0.4% 0.3% 0.5% 0.6% 0.9% 0.6%
Payouts / FCF 189.5% 113.9% — — 30.9% 70.0% — 122.7% 66.6% 7.5%
Quality scores
Piotroski F-score — 6.0 — — 4.0 7.0 7.0 7.0 5.0 6.0
Altman Z'' 4.4 4.8 4.7 5.0 4.8 5.0 5.4 5.7 5.4 3.7
Accruals ratio −9.6% −5.5% — −0.0% −16.7% −12.8% −1.0% −1.7% −4.2% −8.1%

Source: SEC EDGAR XBRL filings (CIK 0000067215). Data updated October 16, 2026. Quarterly fourth quarters are the full year minus the first nine months. For information only — not investment advice. Check the original filings before relying on any figure.

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