Dycom Industries, Inc. (DY) vs Fluor Corporation (FLR)

Dycom Industries, Inc. and Fluor Corporation are both Engineering & Construction companies. Dycom Industries, Inc. is the larger, with a market value of $8.2B against $6.9B — 1.2× the size. Fluor 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 −4.78%. Dycom Industries, Inc. has the higher net margin (4.79% vs −12.9%) and the higher return on invested capital (7.37% vs −16.6%). Across the 19 metrics below, Dycom Industries, Inc. leads on 15 and Fluor Corporation on 4.

Valuation

Metric DY FLR Engineering & Construction median
P/E 24.44 n/m 28.59
P/S 1.19 0.45 1.15
P/B 3.96 2.51 3.96
Price to free cash flow 16.83 n/m 25.24
EV/EBITDA 11.58 n/m 14.87
EV/Sales 1.55 0.32 1.42
Earnings yield 4.09% (24.35%) 2.47%
Free cash flow yield 5.94% (2.93%) 1.91%

Profitability

Metric DY FLR Engineering & Construction median
Gross margin 20.53% (0.80%) 18.76%
Operating margin 7.78% (1.39%) 6.26%
Net margin 4.79% (12.85%) 2.23%
Free cash flow margin 7.05% (1.32%) 1.83%
Return on equity 19.20% (45.56%) 7.90%
Return on assets 6.75% (20.66%) 0.87%
Return on invested capital 7.37% (16.58%) 2.52%

Growth

Metric DY FLR Engineering & Construction median
Revenue growth (TTM) 37.79% (4.78%) 16.67%
EPS growth (last fiscal year) 20.71% (102.52%) —
Revenue growth, 5-year CAGR 11.63% (0.36%) 11.76%
Net income growth, 5-year CAGR 52.28% 0.00% 0.00%

Health

Metric DY FLR Engineering & Construction median
Debt to equity 1.37 0.38 0.40
Current ratio 2.35 1.80 1.39
Net debt to EBITDA 3.01 8.72 0.38

Dividend

Metric DY FLR Engineering & Construction median
Dividend yield — 0.23% 0.65%
Payout ratio 0.00 0.00 0.00

Size

Metric DY FLR Engineering & Construction median
Market cap 8.22b 6.89b 1.31b

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