Dycom Industries, Inc. (DY) vs Construction Partners, Inc. (ROAD)

Dycom Industries, Inc. and Construction Partners, Inc. are both Engineering & Construction companies. Dycom Industries, Inc. is the larger, with a market value of $5.8B against $4.4B — 1.3× the size. Dycom Industries, Inc. trades at the lower P/E: 17.4× against 30.2×. Construction Partners, Inc. grew revenue faster over the last twelve months: 41.9% against 37.8%. Dycom Industries, Inc. has the higher net margin (4.79% vs 4.10%) and the higher return on invested capital (7.37% vs 6.82%). Across the 22 metrics below, Dycom Industries, Inc. leads on 18 and Construction Partners, Inc. on 4.

Valuation

Metric DY ROAD Engineering & Construction median
P/E 17.44 30.25 27.65
P/S 0.85 1.25 0.85
P/B 2.82 4.18 3.04
Price to free cash flow 12.01 21.05 19.05
EV/EBITDA 9.03 12.68 11.89
EV/Sales 1.21 1.74 1.20
Earnings yield 5.73% 3.31% 2.77%
Free cash flow yield 8.33% 4.75% 2.00%

Profitability

Metric DY ROAD Engineering & Construction median
Gross margin 20.53% 15.76% 18.76%
Operating margin 7.78% 8.57% 6.43%
Net margin 4.79% 4.10% 2.14%
Free cash flow margin 7.05% 5.94% 1.12%
Return on equity 19.20% 15.05% 6.05%
Return on assets 6.75% 4.36% 1.19%
Return on invested capital 7.37% 6.82% 2.52%

Growth

Metric DY ROAD Engineering & Construction median
Revenue growth (TTM) 37.79% 41.92% 18.09%
EPS growth (last fiscal year) 20.71% 40.46% 13.42%
Revenue growth, 5-year CAGR 11.63% 29.05% 12.23%
Net income growth, 5-year CAGR 52.28% 20.36% 0.00%

Health

Metric DY ROAD Engineering & Construction median
Debt to equity 1.37 1.72 0.41
Current ratio 2.35 1.57 1.37
Net debt to EBITDA 3.01 3.86 0.38

Dividend

Metric DY ROAD Engineering & Construction median
Dividend yield — — 0.68%
Payout ratio — — 0.18

Size

Metric DY ROAD Engineering & Construction median
Market cap 5.81b 4.40b 1.13b

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