Dycom Industries, Inc. (DY) 10-Year Financial Performance & Capital Metrics

DY • • Industrial / General

IndustrialsEngineering & ConstructionSpecialty Construction ServicesTelecommunications Infrastructure

AboutDycom Industries, Inc. provides specialty contracting services in the United States. The company offers program management and engineering services; plans and designs aerial, underground, and buried fiber optic, copper, and coaxial cable systems; and construction, maintenance, and installation services, such as placement and splicing of fiber, copper, and coaxial cables to telecommunications providers. It also provides tower construction, lines and antenna installation, foundation and equipment pad construction, and small cell site placement for wireless carriers, as well as equipment installation and material fabrication, and site testing services; and installs and maintains customer premise equipment, such as digital video recorders, set top boxes, and modems for cable system operators. In addition, the company offers construction and maintenance services for electric and gas utilities, and other customers; and underground facility locating services, such as locating telephone, cable television, power, water, sewer, and gas lines for various utility companies, including telecommunication providers. Dycom Industries, Inc. was incorporated in 1969 and is headquartered in Palm Beach Gardens, Florida.Show more

Revenue $4.7B +12.6%
EBITDA $539M +10.9%
Net Income $233M +6.6%
EPS (Diluted) 7.92 +7.5%
Gross Margin 15.6% +0.1%
EBITDA Margin 11.47% -1.5%
Operating Margin 7.24% -6.4%
Net Margin 4.96% -5.3%
ROE 20.35% -10.6%
ROIC 12.64% -11.9%
Debt/Equity 0.85 +1.6%
Interest Coverage 5.58 -9.1%

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓Excellent 3Y average ROE of 20.2%
✓Strong 5Y profit CAGR of 32.5%
✓Momentum leader: RS Rating 85 (top 15%)
✓High quality earnings: Operating CF exceeds net income
✓Trading near 52-week high
✓Efficient asset utilization: 1.6x turnover

✗Weaknesses

No significant weaknesses identified

Price & Volume

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Growth Metrics

Revenue CAGR

10Y10.01%

5Y7.08%

3Y14.52%

TTM13.19%

Profit (Net Income) CAGR

10Y10.72%

5Y32.47%

3Y68.75%

TTM32.75%

EPS CAGR

10Y12.63%

5Y34.49%

3Y71.5%

TTM33.68%

ROCE

10Y Avg10.75%

5Y Avg11.27%

3Y Avg14.7%

Latest15.59%

Peer Comparison

Telecommunications Infrastructure

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	FCF Yield	Debt/Equity
DYDycom Industries, Inc.	10.96B	365.65	46.17	12.61%	5.75%	20.06%	0.9%	0.85
SKKSKK Holdings Limited	6.41M	0.34	12.04	15.8%	3.93%	9.45%		1.15

Profit & Loss

	Jul 2016	Jul 2017	Jul 2017	Jan 2019	Jan 2020	Jan 2021	Jan 2022	Jan 2023	Jan 2024	Jan 2025
Sales/Revenue+	2.02B	2.67B	2.82B	3.13B	3.34B	3.2B	3.13B	3.81B	4.18B	4.7B
Revenue Growth %	0.12%	0.32%	0.06%	0.11%	0.07%	-0.04%	-0.02%	0.22%	0.1%	0.13%
Cost of Goods Sold+	1.69B	2.21B	2.45B	2.74B	2.97B	2.82B	2.79B	3.3B	3.52B	3.97B
COGS % of Revenue	0.84%	0.83%	0.87%	0.88%	0.89%	0.88%	0.89%	0.87%	0.84%	0.84%
Gross Profit+	333.02M	464.02M	369.63M	385.7M	372.4M	381.28M	343.99M	504.02M	650.67M	733.57M
Gross Margin %	0.16%	0.17%	0.13%	0.12%	0.11%	0.12%	0.11%	0.13%	0.16%	0.16%
Gross Profit Growth %	0.36%	0.39%	-0.2%	0.04%	-0.03%	0.02%	-0.1%	0.47%	0.29%	0.13%
Operating Expenses+	178.7M	216.45M	249.86M	269.14M	254.59M	259.77M	262.43M	293.48M	327.67M	393.03M
OpEx % of Revenue	0.09%	0.08%	0.09%	0.09%	0.08%	0.08%	0.08%	0.08%	0.08%	0.08%
Selling, General & Admin	178.7M	216.45M	249.86M	269.14M	254.59M	259.77M	262.43M	293.48M	327.67M	393.03M
SG&A % of Revenue	0.09%	0.08%	0.09%	0.09%	0.08%	0.08%	0.08%	0.08%	0.08%	0.08%
Research & Development	0	0	0	0	0	0	0	0	0	0
R&D % of Revenue	-	-	-	-	-	-	-	-	-	-
Other Operating Expenses	0	0	0	0	0	0	0	0	0	0
Operating Income+	154.32M	247.57M	119.77M	116.56M	117.81M	121.51M	81.56M	210.54M	322.99M	340.54M
Operating Margin %	0.08%	0.09%	0.04%	0.04%	0.04%	0.04%	0.03%	0.06%	0.08%	0.07%
Operating Income Growth %	0.82%	0.6%	-0.52%	-0.03%	0.01%	0.03%	-0.33%	1.58%	0.53%	0.05%
EBITDA+	250.36M	372.51M	289.88M	296.17M	335.4M	329.23M	266.05M	386.79M	486.08M	539.11M
EBITDA Margin %	0.12%	0.14%	0.1%	0.09%	0.1%	0.1%	0.08%	0.1%	0.12%	0.11%
EBITDA Growth %	0.41%	0.49%	-0.22%	0.02%	0.13%	-0.02%	-0.19%	0.45%	0.26%	0.11%
D&A (Non-Cash Add-back)	96.04M	124.94M	170.11M	179.6M	217.6M	207.72M	184.49M	176.25M	163.09M	198.57M
EBIT	162.61M	241.05M	132.22M	132.41M	129.4M	88.89M	85.94M	220.74M	344.6M	368.78M
Net Interest Income+	-27.02M	-34.72M	-39.12M	-44.37M	-50.86M	-29.67M	-33.17M	-40.62M	-52.6M	-60.99M
Interest Income	0	0	0	0	0	0	0	0	0	0
Interest Expense	34.72M	37.36M	39.12M	44.37M	50.86M	29.67M	33.17M	40.62M	52.6M	60.99M
Other Income/Expense	-18.73M	-41.25M	-26.67M	-28.53M	-39.27M	-62.29M	-28.78M	-30.42M	-30.99M	-32.75M
Pretax Income+	135.58M	206.33M	93.1M	88.04M	78.54M	59.22M	52.78M	180.12M	292M	307.79M
Pretax Margin %	0.07%	0.08%	0.03%	0.03%	0.02%	0.02%	0.02%	0.05%	0.07%	0.07%
Income Tax+	51.26M	77.59M	-44.57M	25.13M	21.32M	24.88M	4.2M	37.91M	73.08M	74.38M
Effective Tax Rate %	0.95%	0.76%	1.69%	0.71%	0.73%	0.58%	0.92%	0.79%	0.75%	0.76%
Net Income+	128.74M	157.22M	157.22M	62.91M	57.22M	34.34M	48.57M	142.21M	218.92M	233.41M
Net Margin %	0.06%	0.06%	0.06%	0.02%	0.02%	0.01%	0.02%	0.04%	0.05%	0.05%
Net Income Growth %	0.53%	0.22%	0%	-0.6%	-0.09%	-0.4%	0.41%	1.93%	0.54%	0.07%
Net Income (Continuing)	128.74M	157.22M	157.22M	62.91M	57.22M	34.34M	48.57M	142.21M	218.92M	233.41M
Discontinued Operations	0	0	0	0	0	0	0	0	0	0
Minority Interest	0	0	0	0	0	0	0	0	0	0
EPS (Diluted)+	3.89	4.92	4.92	1.97	1.80	1.07	1.57	4.74	7.37	7.92
EPS Growth %	0.61%	0.26%	0%	-0.6%	-0.09%	-0.41%	0.47%	2.02%	0.55%	0.07%
EPS (Basic)	3.98	5.01	5.01	2.01	1.82	1.08	1.60	4.81	7.46	8.02
Diluted Shares Outstanding	33.12M	31.98M	31.98M	31.99M	31.82M	31.45M	30.84M	30M	29.7M	29.48M
Basic Shares Outstanding	32.32M	31.35M	31.35M	31.25M	31.5M	31.45M	30.34M	29.55M	29.33M	29.11M
Dividend Payout Ratio	-	-	-	-	-	-	-	-	-	-

Balance Sheet

	Jul 2016	Jul 2017	Jul 2017	Jan 2019	Jan 2020	Jan 2021	Jan 2022	Jan 2023	Jan 2024	Jan 2025
Total Current Assets+	851.23M	851.23M	904.79M	1.1B	1.26B	1.17B	1.36B	1.49B	1.55B	1.69B
Cash & Short-Term Investments	33.79M	33.79M	84.03M	128.34M	54.56M	11.77M	310.76M	243.83M	121.3M	104M
Cash Only	33.79M	33.79M	84.03M	128.34M	54.56M	11.77M	310.76M	224.19M	101.09M	92.67M
Short-Term Investments	0	0	0	0	0	0	0	19.64M	20.22M	11.33M
Accounts Receivable	705.91M	705.91M	715.74M	844.57M	1.07B	1.06B	933.95M	1.12B	1.3B	1.44B
Days Sales Outstanding	127.41	96.41	92.55	98.56	117.34	120.59	108.89	106.88	113.52	111.88
Inventory	73.61M	73.61M	79.04M	94.39M	98.32M	70.85M	81.29M	114.97M	108.56M	127.25M
Days Inventory Outstanding	15.9	12.16	11.76	12.56	12.09	9.18	10.65	12.7	11.24	11.7
Other Current Assets	29.68M	29.68M	28.48M	69K	19M	14.19M	15.46M	1.37M	1.37M	1.37M
Total Non-Current Assets+	868.48M	868.48M	936.17M	1B	959.34M	775.53M	762.13M	820.57M	966.85M	1.25B
Property, Plant & Equipment	326.67M	326.67M	414.77M	424.75M	446.21M	337.14M	355.9M	435.09M	521.26M	654.07M
Fixed Asset Turnover	6.19x	8.18x	6.81x	7.36x	7.48x	9.49x	8.80x	8.75x	8.01x	7.19x
Goodwill	310.16M	310.16M	321.75M	325.75M	325.75M	272.49M	272.49M	272.55M	311.99M	330.33M
Intangible Assets	197.88M	197.88M	183.56M	161.13M	139.94M	119.32M	101.83M	86.57M	108.95M	219.75M
Long-Term Investments	-22.73M	-20.89M	-26.52M	73.15M	31.27M	33.84M	18.18M	0	0	0
Other Non-Current Assets	33.78M	54.66M	28.19M	89.44M	47.44M	46.59M	31.92M	40.09M	24.65M	46.59M
Total Assets+	1.72B	1.72B	1.84B	2.1B	2.22B	1.94B	2.12B	2.31B	2.52B	2.95B
Asset Turnover	1.18x	1.55x	1.53x	1.49x	1.51x	1.65x	1.48x	1.65x	1.66x	1.60x
Asset Growth %	0.27%	0%	0.07%	0.14%	0.06%	-0.12%	0.09%	0.09%	0.09%	0.17%
Total Current Liabilities+	322.63M	322.63M	259.61M	284.99M	323.02M	448.49M	381.8M	469.55M	506.3M	587.15M
Accounts Payable	115.49M	115.49M	92.36M	119.48M	119.61M	158.97M	155.9M	207.74M	222.12M	223.49M
Days Payables Outstanding	24.95	19.09	13.74	15.91	14.71	20.59	20.42	22.95	23	20.56
Short-Term Debt	13.13M	13.13M	26.47M	5.63M	22.5M	81.72M	17.5M	17.5M	17.5M	10M
Deferred Revenue (Current)	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	0
Other Current Liabilities	113.85M	57.27M	39.9M	92.96M	86.36M	85.96M	90.77M	105.44M	107.65M	287.2M
Current Ratio	2.64x	2.64x	3.49x	3.85x	3.90x	2.61x	3.55x	3.18x	3.06x	2.89x
Quick Ratio	2.41x	2.41x	3.18x	3.52x	3.59x	2.45x	3.34x	2.93x	2.85x	2.67x
Cash Conversion Cycle	118.36	89.49	90.57	95.22	114.72	109.18	99.12	96.63	101.76	103.03
Total Non-Current Liabilities+	839.8M	839.8M	856.35M	1.01B	1.03B	684.37M	977.88M	974.95M	955.92M	1.12B
Long-Term Debt	706.2M	706.2M	733.84M	867.57M	844.4M	501.56M	823.25M	807.37M	791.41M	933.21M
Capital Lease Obligations	0	0	0	0	43.61M	38.36M	36.52M	39.63M	44.11M	76.93M
Deferred Tax Liabilities	76.59M	76.59M	0	65.96M	75.53M	47.65M	55.67M	60.2M	49.56M	32.17M
Other Non-Current Liabilities	57.01M	57.01M	122.5M	74.81M	62.47M	96.8M	62.44M	67.75M	70.84M	76.81M
Total Liabilities	1.16B	1.16B	1.12B	1.29B	1.35B	1.13B	1.36B	1.44B	1.46B	1.71B
Total Debt+	719.33M	719.33M	760.31M	873.2M	937.09M	646.41M	901.91M	892.02M	885.04M	1.06B
Net Debt	685.54M	685.54M	676.28M	744.86M	882.53M	634.64M	591.15M	667.84M	783.95M	963.29M
Debt / Equity	1.29x	1.29x	1.05x	1.09x	1.08x	0.80x	1.19x	1.03x	0.84x	0.85x
Debt / EBITDA	2.87x	1.93x	2.62x	2.95x	2.79x	1.96x	3.39x	2.31x	1.82x	1.96x
Net Debt / EBITDA	2.74x	1.84x	2.33x	2.51x	2.63x	1.93x	2.22x	1.73x	1.61x	1.79x
Interest Coverage	4.44x	6.63x	3.06x	2.63x	2.32x	4.10x	2.46x	5.18x	6.14x	5.58x
Total Equity+	557.29M	557.29M	725M	804.17M	868.6M	811.31M	758.54M	868.75M	1.05B	1.24B
Equity Growth %	0.1%	0%	0.3%	0.11%	0.08%	-0.07%	-0.07%	0.15%	0.21%	0.17%
Book Value per Share	16.83	17.42	22.67	25.14	27.30	25.80	24.59	28.96	35.51	42.03
Total Shareholders' Equity	557.29M	557.29M	725M	804.17M	868.6M	811.31M	758.54M	868.75M	1.05B	1.24B
Common Stock	10.47M	10.47M	10.36M	10.48M	10.53M	10.21M	9.87M	9.78M	9.7M	9.66M
Retained Earnings	537.88M	537.88M	652.29M	772.48M	829.7M	800.59M	748.41M	855.09M	1.04B	1.22B
Treasury Stock	0	0	0	0	0	0	0	0	0	0
Accumulated OCI	-1.27M	-1.27M	-1.16M	-1.28M	-1.78M	-1.77M	-1.77M	-1.77M	-1.55M	0
Minority Interest	0	0	0	0	0	0	0	0	0	0

Cash Flow

	Jul 2016	Jul 2017	Jul 2017	Jan 2019	Jan 2020	Jan 2021	Jan 2022	Jan 2023	Jan 2024	Jan 2025
Cash from Operations+	261.49M	256.44M	256.44M	124.45M	58M	381.78M	308.65M	164.79M	258.98M	349.1M
Operating CF Margin %	0.13%	0.1%	0.09%	0.04%	0.02%	0.12%	0.1%	0.04%	0.06%	0.07%
Operating CF Growth %	0.84%	-0.02%	0%	-0.51%	-0.53%	5.58%	-0.19%	-0.47%	0.57%	0.35%
Net Income	128.74M	157.22M	157.22M	62.91M	57.22M	34.34M	48.57M	142.21M	218.92M	233.41M
Depreciation & Amortization	124.94M	147.91M	147.91M	179.6M	187.56M	175.9M	152.65M	144.18M	163.09M	198.57M
Stock-Based Compensation	16.85M	20.8M	20.8M	20.19M	10.03M	12.77M	9.87M	17.93M	25.46M	40.32M
Deferred Taxes	26.78M	18.23M	18.23M	8.52M	9.26M	-28.18M	8.02M	4.53M	-10.64M	-17.39M
Other Non-Cash Items	-2.05M	-2.12M	-2.12M	20.47M	32.84M	73.66M	35.1M	20.75M	10.09M	8.78M
Working Capital Changes	-33.77M	-85.6M	-85.6M	-167.24M	-238.9M	113.29M	54.44M	-164.81M	-147.94M	-114.6M
Change in Receivables	2.73M	-33.07M	-60.84M	-30.75M	-195.8M	-41.76M	-40.69M	-173.71M	-119.35M	-86.58M
Change in Inventory	-13.8M	-13.23M	-13.23M	-15.84M	-40.88M	103.8M	-12.26M	-41.27M	3.08M	4.28M
Change in Payables	15.13M	977K	977K	20.06M	-2.14M	43.75M	-4.91M	49.4M	6.99M	-16.81M
Cash from Investing+	-333.13M	-209.15M	-208.75M	-161.35M	-101.22M	-44.63M	-151.68M	-183.93M	-306.16M	-395.2M
Capital Expenditures	-186.01M	-201.2M	-201.2M	-164.96M	-120.57M	-58.05M	-157.04M	-200.96M	-218.49M	-250.46M
CapEx % of Revenue	0.09%	0.08%	0.07%	0.05%	0.04%	0.02%	0.05%	0.05%	0.05%	0.05%
Acquisitions	-	-	-	-	-	-	-	-	-	-
Investments	-	-	-	-	-	-	-	-	-	-
Other Investing	10.06M	18.12M	18.52M	24.52M	306K	0	0	17.37M	35.23M	39.13M
Cash from Financing+	84.14M	-42.48M	-42.48M	80.88M	-31.06M	-383.44M	142.01M	-67.43M	-75.91M	37.69M
Debt Issued (Net)	-	-	-	-	-	-	-	-	-	-
Equity Issued (Net)	-	-	-	-	-	-	-	-	-	-
Dividends Paid	0	0	0	0	0	0	0	0	0	0
Share Repurchases	-	-	-	-	-	-	-	-	-	-
Other Financing	232.7M	35.06M	-1M	-6.4M	1.26M	37.23M	-10.08M	-1.2M	-8.75M	-31.67M
Net Change in Cash	-	-	-	-	-	-	-	-	-	-
Free Cash Flow+	75.48M	55.25M	55.25M	-40.52M	-62.58M	323.73M	151.61M	-36.17M	40.48M	98.64M
FCF Margin %	0.04%	0.02%	0.02%	-0.01%	-0.02%	0.1%	0.05%	-0.01%	0.01%	0.02%
FCF Growth %	0.94%	-0.27%	0%	-1.73%	-0.54%	6.17%	-0.53%	-1.24%	2.12%	1.44%
FCF per Share	2.28	1.73	1.73	-1.27	-1.97	10.30	4.92	-1.21	1.36	3.35
FCF Conversion (FCF/Net Income)	2.03x	1.63x	1.63x	1.98x	1.01x	11.12x	6.35x	1.16x	1.18x	1.50x
Interest Paid	15.92M	16.5M	16.14M	22.31M	26.66M	20.65M	22.08M	37.93M	50.68M	57.92M
Taxes Paid	31.16M	88.06M	88.06M	-6.4M	12.02M	45.33M	8.6M	6.92M	96.62M	61.54M

Key Ratios

Metric	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Return on Equity (ROE)	24.19%	28.21%	24.52%	8.23%	6.84%	4.09%	6.19%	17.48%	22.76%	20.35%
Return on Invested Capital (ROIC)	10.27%	14.94%	6.79%	5.93%	5.35%	5.7%	4.38%	10.94%	14.35%	12.64%
Gross Margin	16.47%	17.36%	13.09%	12.33%	11.15%	11.92%	10.99%	13.23%	15.58%	15.6%
Net Margin	6.37%	5.88%	5.57%	2.01%	1.71%	1.07%	1.55%	3.73%	5.24%	4.96%
Debt / Equity	1.29x	1.29x	1.05x	1.09x	1.08x	0.80x	1.19x	1.03x	0.84x	0.85x
Interest Coverage	4.44x	6.63x	3.06x	2.63x	2.32x	4.10x	2.46x	5.18x	6.14x	5.58x
FCF Conversion	2.03x	1.63x	1.63x	1.98x	1.01x	11.12x	6.35x	1.16x	1.18x	1.50x
Revenue Growth	11.63%	32.15%	5.62%	10.81%	6.78%	-4.21%	-2.15%	21.66%	9.64%	12.61%

Revenue by Geography

	2014	2015
CANADA	12.2M	13.1M
CANADA Growth	-	7.38%

Frequently Asked Questions

Valuation & Price

Dycom Industries, Inc. (DY) has a price-to-earnings (P/E) ratio of 46.2x. This suggests investors expect higher future growth.

Growth & Financials

Dycom Industries, Inc. (DY) reported $5.17B in revenue for fiscal year 2025. This represents a 399% increase from $1.04B in 2012.

Dycom Industries, Inc. (DY) grew revenue by 12.6% over the past year. This is steady growth.

Yes, Dycom Industries, Inc. (DY) is profitable, generating $297.6M in net income for fiscal year 2025 (5.0% net margin).

Dividend & Returns

Dycom Industries, Inc. (DY) has a return on equity (ROE) of 20.4%. This is excellent, indicating efficient use of shareholder capital.

Dycom Industries, Inc. (DY) generated $296.8M in free cash flow for fiscal year 2025. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.

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