Dycom Industries, Inc. (DY) vs MasTec, Inc. (MTZ)

Dycom Industries, Inc. and MasTec, Inc. are both Engineering & Construction companies. MasTec, Inc. is the larger, with a market value of $17.2B against $8.2B — 2.1× the size. Dycom Industries, Inc. trades at the lower P/E: 24.4× against 33.5×. Dycom Industries, Inc. grew revenue faster over the last twelve months: 37.8% against 23.5%. Dycom Industries, Inc. has the higher net margin (4.79% vs 3.07%) and the lower return on invested capital (7.37% vs 8.57%). Across the 22 metrics below, Dycom Industries, Inc. leads on 15 and MasTec, Inc. on 7.

Valuation

Metric DY MTZ Engineering & Construction median
P/E 24.44 33.47 28.59
P/S 1.19 1.03 1.15
P/B 3.96 4.61 3.96
Price to free cash flow 16.83 56.29 25.24
EV/EBITDA 11.58 14.77 14.87
EV/Sales 1.55 1.18 1.42
Earnings yield 4.09% 2.99% 2.47%
Free cash flow yield 5.94% 1.78% 1.91%

Profitability

Metric DY MTZ Engineering & Construction median
Gross margin 20.53% 12.91% 18.76%
Operating margin 7.78% 5.13% 6.26%
Net margin 4.79% 3.07% 2.23%
Free cash flow margin 7.05% 1.83% 1.83%
Return on equity 19.20% 14.95% 7.90%
Return on assets 6.75% 4.93% 0.87%
Return on invested capital 7.37% 8.57% 2.52%

Growth

Metric DY MTZ Engineering & Construction median
Revenue growth (TTM) 37.79% 23.46% 16.67%
EPS growth (last fiscal year) 20.71% 146.12% —
Revenue growth, 5-year CAGR 11.63% 17.73% 11.76%
Net income growth, 5-year CAGR 52.28% 4.33% 0.00%

Health

Metric DY MTZ Engineering & Construction median
Debt to equity 1.37 0.76 0.40
Current ratio 2.35 1.40 1.39
Net debt to EBITDA 3.01 1.79 0.38

Dividend

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

Size

Metric DY MTZ Engineering & Construction median
Market cap 8.22b 17.19b 1.31b

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