Dycom Industries, Inc.

DY Industrials Engineering & Construction

Dycom Industries, Inc.’s revenue for fiscal 2026 (year ended January 2026) was $5.5 billion, up 17.9% from fiscal 2025. In the quarter to July 2026, revenue grew 45.6%, EPS grew 14.0%, free cash flow grew 106.5% and total debt rose 174.0%, each against the same quarter a year earlier. Revenue growth for three consecutive years, operating cash flow growth for three; insiders bought in the last twelve months.

253.59 4.19 −1.63%
Market cap
$7.8B
P/E
22.8×
Fwd P/E
41.3×
Dividend yield
—
F-score
5/9
Altman Z
3.40
Beneish M
−2.32
Dividend safety
n/a

Insider Decisions trades per month

Total buys 0.55
Total sells 1.26
Totals in millions of $.
Dec 25 Mar 26 Jun 26 Sep 26
Buy — — — — — — — — — — 3 —
Sell — — 1 — — — — — — — — —
Insider Ownership 1.04%

Capital & Financial Ratios $m

Market Cap 7,770.00
Revenue 6,880.05
Net Income 329.59
Free Cash Flow 485.34
Net Debt 2,479.65
Current Ratio 2.35 (at or above 1.5: strong)
Debt/Equity 1.37
P/E ratio 22.83
Fwd P/E 41.30 (above 35: high)
P/S ratio 1.11
P/B ratio 3.70
Past 5Y EPS Growth 54.96% (at or above 15%: strong)
This Y EPS Growth 42.53% (at or above 15%: strong)
Next Y EPS Growth 19.63% (at or above 15%: strong)
Next Y revenue growth 36.70% (at or above 10%: strong)
Next 5Y EPS Growth 28.42% (at or above 15%: strong)

Green and red mark values outside typical ranges. How we judge →

Valuation vs history

P/E against its own 10 years 32.33%
10-year low 10-year high
P/S against its own 10 years 71.84%
10-year low 10-year high
P/B against its own 10 years 49.21%
10-year low 10-year high
EV/Sales against its own 10 years 83.71%
10-year low 10-year high
EV/FCF against its own 10 years 23.50%
10-year low 10-year high

Dividends

Payout Ratio —
Annual Dividend Rate —
Annual Dividend Yield —
total individual payouts
2026 Powerpack
2025 Powerpack
2024 Powerpack
2023 Powerpack
2022 Powerpack
2021 Powerpack
2020 Powerpack
2018 Powerpack
predictions special payouts not included in total or ratios

Assets vs Liabilities $m

2024 2025 2026 Q'26
Cash 101 93 709 340
Receivables 1,246 1,377 1,717 2,294
Inventory 109 127 128 146
Other 94 98 203 273
1,550 1,695 2,757 3,052
2024 2025 2026 Q'26
Payables 222 223 497 610
ST’ Debt 18 10 4 28
Other 39 74 159 241
506 587 1,007 1,300

Compound Annual Growth %

10y 5y 3y
Sales 7.57% 11.63% 13.35%
Cash Flow 8.83% 10.97% 57.39%
Earnings 8.13% 52.28% 25.51%
Book Value 12.80% 18.04% 28.87%

Revenue $m

Apr Jul Oct Jan Year
’26 1,965 2,006 — — —
’26 1,259 1,378 1,452 1,458 5,546
’25 1,142 1,203 1,272 1,085 4,702
’24 1,045 1,042 1,136 952 4,176
’23 876 972 1,042 917 3,808
’22 727 788 854 761 3,131
’21 814 824 810 751 3,199
Fiscal quarters ending in the months shown.

Operating Cash Flow $m

Apr Jul Oct Jan Year
’26 (25) 104 — — —
’26 (54) 57 220 419 643
’25 (37) (8) 66 328 349
’24 (85) 56 (37) 325 259
’23 (65) (12) (5) 246 165
’22 42 17 104 146 309
’21 85 82 112 102 382
Fiscal quarters ending in the months shown.

Free Cash Flow $m

Apr Jul Oct Jan Year
’26 (92) 38 — — —
’26 (123) 18 172 367 435
’25 (67) (63) (1) 268 138
’24 (119) 16 (94) 272 76
’23 (98) (51) (54) 184 (19)
’22 13 (18) 60 102 157
’21 67 80 108 82 337
Fiscal quarters ending in the months shown.

EPS $

Apr Jul Oct Jan Year
’26 3.00 3.81 — — —
’26 2.09 3.33 3.63 0.55 9.56
’25 2.12 2.32 2.37 1.11 7.92
’24 1.73 2.03 2.82 0.79 7.37
’23 0.65 1.46 1.80 0.83 4.74
’22 0.03 0.59 0.94 0.03 1.57
’21 (1.03) 1.15 1.05 (0.13) 1.07
Fiscal quarters ending in the months shown.

Target Price Range

Analyst price targets

Recommendation Rating

1.1
1Buy 2 3Hold 4 5Sell

Ten years at a glance Fiscal years to January

Group Line 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 Trend 2027e 2028e 2029e
Price, $
Price, $ Low 73.95 47.77 40.06 12.24 62.88 76.21 77.33 107.53 131.37 250.13

Analyst estimates 2027–2029

Powerpack
High 115.38 123.99 64.49 79.41 105.28 122.13 117.25 207.20 366.65 566.47
People
People Employees 14,225 — 14,920 15,230 14,276 15,024 15,410 15,611 15,623 19,556
Revenue/emp, $m 0.22 0.00 0.21 0.22 0.22 0.21 0.25 0.27 0.30 0.28
Income, $m
Income, $m Revenue 3,067 2,823 3,128 3,340 3,199 3,131 3,808 4,176 4,702 5,546
Gross margin, % 21.59 13.11 18.07 16.77 17.42 15.86 17.02 19.49 19.82 20.56
EBT 250 93 88 79 59 53 180 292 308 368
EBT margin, % 8.17 3.29 2.81 2.35 1.85 1.69 4.73 6.99 6.55 6.63
Net income 157 0 63 57 34 49 142 219 233 281
Depreciation 169 85 202 212 239 157 147 166 203 274
Per share, $
Per share, $ Revenue 97.82 91.06 100.09 106.03 101.03 103.19 128.88 142.35 161.51 190.88
Earnings 5.01 4.29 2.01 1.82 1.08 1.60 4.81 7.46 8.01 9.68
Cash flow 8.18 5.18 3.98 1.84 12.06 10.17 5.58 8.83 11.99 22.11
Capex (5.91) 0.00 (4.54) (3.22) (1.41) (5.00) (6.21) (6.25) (7.26) (7.13)
Free cash flow 2.27 5.18 (0.56) (1.38) 10.65 5.17 (0.64) 2.58 4.73 14.98
Book value 21.42 23.39 25.73 27.58 25.62 25.00 29.40 35.95 42.56 63.99
Shares, m 31 31 31 31 32 30 30 29 29 29
Valuation, ×
Valuation, × P/E 19.57 25.71 28.74 22.21 81.43 52.35 19.83 14.99 23.62 39.54
P/S 0.96 1.19 0.58 0.38 0.86 0.82 0.74 0.78 1.17 2.01
P/B 4.56 5.00 2.26 1.47 3.40 3.37 3.24 3.11 4.44 5.99
EV/Sales 1.24 1.41 0.82 0.62 1.04 0.99 0.90 0.95 1.35 2.39
EV/FCF (50.73) 60.86 (145.67) (47.91) 9.88 19.67 (181.91) 52.62 46.14 30.44
Cash, $m
Cash, $m Operating cash flow 256 161 124 58 382 309 165 259 349 643
Capex (185) (88) (142) (102) (45) (152) (184) (183) (211) (207)
Free cash flow 71 161 (18) (44) 337 157 (19) 76 138 435
Balance, $m
Balance, $m Working capital 620 645 811 935 720 974 1,023 1,044 1,107 1,750
Total debt 760 760 873 867 583 841 825 809 943 2,814
Net debt 721 676 745 812 572 530 601 708 851 2,105
Shareholders’ equity 672 725 804 869 811 759 869 1,055 1,239 1,859
Returns, %
Returns, % ROA 8.69 7.38 3.19 2.65 1.65 2.39 6.42 9.06 8.55 6.30
ROIC 12.34 0.00 4.70 4.38 3.08 3.96 8.95 11.45 10.19 6.70
ROE 25.59 19.76 8.23 6.84 4.09 6.19 17.48 22.76 20.35 18.15
Negative figures in brackets.

All 10 years →

Fiscal years to Jan 2026 · latest quarter Jul 2026

Charts ten years each

Dycom Industries, Inc. vs peers in Engineering & Construction (Q) = latest quarter vs a year earlier

Company Market cap P/E Fwd P/E Revenue growth (Q) EPS growth (Q) FCF growth (Q) Gross margin (Q) EBIT margin (Q) Compare
IESC IES Holdings, Inc. $10.6B 22.1× 36.6× +39.60% (above 0%: growing) +98.70% (above 0%: growing) −14.63% (below 0%: shrinking) 27.41% 14.37% Compare
TTEK Tetra Tech, Inc. $8.9B 20.8× 17.9× −4.47% (below 0%: shrinking) −2.33% (below 0%: shrinking) −34.95% (below 0%: shrinking) 18.59% 12.07% Compare
DY Dycom Industries, Inc. $7.8B 22.8× 41.3× +45.57% (above 0%: growing) +13.95% (above 0%: growing) +106.51% (above 0%: growing) 21.96% 9.57%
ACM AECOM $7.6B 26.7× 15.5× −14.18% (below 0%: shrinking) n/m −78.95% (below 0%: shrinking) (0.95%) (2.12%) Compare
ACA Arcosa, Inc. $7.2B 14.7× 28.6× +1.73% (above 0%: growing) +447.54% (above 0%: growing) −193.75% (below 0%: shrinking) 23.64% 12.80% Compare
FLR Fluor Corporation $6.4B — (loss-making) 13.5× +8.82% (above 0%: growing) −94.46% (below 0%: shrinking) −825.71% (below 0%: shrinking) 4.13% 3.12% Compare
ECG Everus Construction Group, Inc. $5.7B 22.0× — +33.65% (above 0%: growing) +57.69% (above 0%: growing) +140.72% (above 0%: growing) 14.85% 9.08% Compare
AGX Argan, Inc. $5.2B 26.9× 58.0× +61.51% (above 0%: growing) +47.86% (above 0%: growing) +178.70% (above 0%: growing) 19.33% 14.79% Compare
LGN Legence Corp. $4.9B — (loss-making) 13.0× +110.74% (above 0%: growing) n/m +106.83% (above 0%: growing) 17.45% (0.52%) Compare
Median of peers $6.8B 22.1× 17.9× +21.24% +52.77% −24.79% 18.02% 10.58%

All 51 Engineering & Construction stocks →

Dycom Industries, Inc. (DY) key facts

  • Strength: Dycom Industries, Inc.’s revenue for fiscal 2026 (year ended January 2026) was $5.5 billion, up 17.9% from fiscal 2025.
  • Strength: Net income was $281.2 million, or $9.68 per share (basic), a net margin of 5.07%.
  • Dycom Industries, Inc. (DY) is an Engineering & Construction company in the Industrials sector, listed on the New York Stock Exchange.
  • As of October 16, 2026, DY traded at $253.59, a market capitalization of $7.8 billion.
  • At that price the stock trades at 22.8× trailing-twelve-month earnings and 1.1× sales; its P/E is higher than 32% of its own readings over the past ten years.
  • Return on equity was 18.2% and debt-to-equity 1.37.
  • Its Piotroski F-score is 5 out of 9 and its Altman Z-score is 3.40 (safe zone) for fiscal 2026.

Source: company filings (standardised) and stockrow calculations.

Dycom Industries, Inc. (DY) Latest News

stockrow.com/DY · Data as of Jul 31, 2026 · For information only; not investment advice. · © 2026 stockrow.com