APi Group Corporation (APG) vs Dycom Industries, Inc. (DY)

APi Group Corporation and Dycom Industries, Inc. are both Engineering & Construction companies. APi Group Corporation is the larger, with a market value of $16.5B against $8.2B — 2.0× the size. APi Group Corporation has negative trailing earnings, so its P/E is not meaningful; Dycom Industries, Inc. trades at 24.4×. Dycom Industries, Inc. grew revenue faster over the last twelve months: 37.8% against 14.1%. Dycom Industries, Inc. has the higher net margin (4.79% vs −2.94%) and the higher return on invested capital (7.37% vs 6.11%). Across the 21 metrics below, Dycom Industries, Inc. leads on 16 and APi Group Corporation on 5.

Valuation

Metric APG DY Engineering & Construction median
P/E n/m 24.44 28.59
P/S 1.97 1.19 1.15
P/B 4.74 3.96 3.96
Price to free cash flow 23.86 16.83 25.24
EV/EBITDA 20.47 11.58 14.87
EV/Sales 2.29 1.55 1.42
Earnings yield (1.72%) 4.09% 2.47%
Free cash flow yield 4.19% 5.94% 1.91%

Profitability

Metric APG DY Engineering & Construction median
Gross margin 31.44% 20.53% 18.76%
Operating margin 7.17% 7.78% 6.26%
Net margin (2.94%) 4.79% 2.23%
Free cash flow margin 8.27% 7.05% 1.83%
Return on equity (7.42%) 19.20% 7.90%
Return on assets (2.68%) 6.75% 0.87%
Return on invested capital 6.11% 7.37% 2.52%

Growth

Metric APG DY Engineering & Construction median
Revenue growth (TTM) 14.09% 37.79% 16.67%
EPS growth (last fiscal year) (23.21%) 20.71% —
Revenue growth, 5-year CAGR 17.14% 11.63% 11.76%
Net income growth, 5-year CAGR 0.00% 52.28% 0.00%

Health

Metric APG DY Engineering & Construction median
Debt to equity 1.00 1.37 0.40
Current ratio 1.39 2.35 1.39
Net debt to EBITDA 2.10 3.01 0.38

Dividend

Metric APG DY Engineering & Construction median
Dividend yield — — 0.65%
Payout ratio 0.00 0.00 0.00

Size

Metric APG DY Engineering & Construction median
Market cap 16.50b 8.22b 1.31b

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