Dycom Industries (DY) Financials

$184.02 +1.06 (+0.58%)

Closing price 03:59 PM Eastern

Extended Trading

$183.86 -0.16 (-0.09%)

As of 07:49 PM Eastern

Annual Income Statements for Dycom Industries

This table shows Dycom Industries' income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric	2015	2016	2017	2019	2020	2021	2022	2023	2024	2025
Period end date	7/25/2015	7/30/2016	7/29/2017	1/26/2019	1/25/2020	1/30/2021	1/29/2022	1/28/2023	1/27/2024	1/25/2025
Net Income / (Loss) Attributable to Common Shareholders	84	129	157	63	57	34	49	142	219	233
Consolidated Net Income / (Loss)	84	129	157	63	57	34	49	142	219	233
Net Income / (Loss) Continuing Operations	84	129	157	63	57	34	49	142	219	233
Total Pre-Tax Income	136	206	250	88	79	59	53	180	292	308
Total Operating Income	154	247	275	117	118	68	82	211	323	341
Total Gross Profit	429	589	662	565	3,340	557	497	648	814	4,702
Total Revenue	2,022	2,673	3,067	3,128	3,340	3,199	3,131	3,808	4,176	4,702
Operating Revenue	2,022	2,673	3,067	3,128	3,340	3,199	3,131	3,808	4,176	4,702
Total Cost of Revenue	1,593	2,084	2,405	2,562	0.00	2,642	2,634	3,160	3,362	0.00
Total Operating Expenses	275	342	387	449	3,222	489	415	438	491	4,361
Selling, General & Admin Expense	179	217	239	269	255	260	262	293	328	393
Depreciation Expense	96	125	148	180	188	176	153	144	163	199
Other Operating Expenses / (Income)	-	-	-	-	2,780	-	-	-	-	3,770
Total Other Income / (Expense), net	-19	-41	-25	-29	-39	-9.03	-29	-30	-31	-33
Interest Expense	27	51	37	44	51	18	33	41	53	62
Other Income / (Expense), net	8.29	10	13	16	12	8.60	4.45	10	22	29
Income Tax Expense	51	78	93	25	21	25	4.20	38	73	74
Basic Earnings per Share	$2.48	$3.98	$5.01	$2.01	$1.82	$1.08	$1.60	$4.81	$7.46	$8.02
Weighted Average Basic Shares Outstanding	34.05M	32.32M	31.35M	31.25M	31.50M	31.67M	30.34M	29.55M	29.33M	29.11M
Diluted Earnings per Share	$2.41	$3.89	$4.92	$1.97	$1.80	$1.07	$1.57	$4.74	$7.37	$7.92
Weighted Average Diluted Shares Outstanding	35.03M	33.12M	31.98M	31.99M	31.82M	32.09M	30.84M	30.00M	29.70M	29.48M
Weighted Average Basic & Diluted Shares Outstanding	34M	32.30M	31.40M	31.30M	31.59M	30.62M	29.61M	29.36M	29.09M	28.98M

This table shows Dycom Industries' income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025
Period end date	7/30/2022	10/29/2022	1/28/2023	4/29/2023	7/29/2023	10/28/2023	1/27/2024	4/27/2024	7/27/2024	10/26/2024	1/25/2025
Net Income / (Loss) Attributable to Common Shareholders	44	54	25	52	60	84	23	63	68	70	33
Consolidated Net Income / (Loss)	44	54	25	52	60	84	23	63	68	70	33
Net Income / (Loss) Continuing Operations	44	54	25	52	60	84	23	63	68	70	33
Total Pre-Tax Income	59	69	32	66	82	112	32	77	95	91	44
Total Operating Income	66	77	43	72	88	119	43	81	104	102	54
Total Gross Profit	972	192	-646	192	211	249	161	221	250	1,272	2,959
Total Revenue	972	1,042	917	1,045	1,042	1,136	952	1,142	1,203	1,272	1,085
Operating Revenue	972	1,042	917	1,045	1,042	1,136	952	1,142	1,203	1,272	1,085
Total Cost of Revenue	0.00	851	1,564	853	830	887	791	922	953	0.00	-1,875
Total Operating Expenses	907	114	-689	120	123	130	118	140	146	1,170	2,905
Selling, General & Admin Expense	73	79	72	82	85	88	73	95	100	111	88
Depreciation Expense	35	35	37	37	38	43	45	45	47	52	55
Total Other Income / (Expense), net	-6.76	-8.12	-11	-6.38	-6.55	-7.05	-11	-3.58	-9.20	-11	-9.44
Interest Expense	9.35	11	12	11	12	14	15	13	16	17	16
Other Income / (Expense), net	2.59	2.47	0.35	4.99	5.73	6.91	3.98	9.25	6.42	6.93	6.62
Income Tax Expense	15	15	7.08	15	22	29	8.36	15	26	22	12
Basic Earnings per Share	$1.48	$1.83	$0.84	$1.75	$2.05	$2.85	$0.81	$2.15	$2.35	$2.39	$1.13
Weighted Average Basic Shares Outstanding	29.54M	29.52M	29.55M	29.37M	29.33M	29.33M	29.33M	29.11M	29.10M	29.15M	29.11M
Diluted Earnings per Share	$1.46	$1.80	$0.83	$1.73	$2.03	$2.82	$0.79	$2.12	$2.32	$2.37	$1.11
Weighted Average Diluted Shares Outstanding	29.94M	29.98M	30.00M	29.78M	29.61M	29.69M	29.70M	29.55M	29.44M	29.48M	29.48M
Weighted Average Basic & Diluted Shares Outstanding	29.46M	29.56M	29.36M	29.33M	29.33M	29.34M	29.09M	29.09M	29.10M	29.18M	28.98M

This table details how cash moves in and out of Dycom Industries' business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric	2015	2016	2017	2019	2020	2021	2022	2023	2024	2025
Period end date	7/25/2015	7/30/2016	7/29/2017	1/26/2019	1/25/2020	1/30/2021	1/29/2022	1/28/2023	1/27/2024	1/25/2025
Net Change in Cash & Equivalents	0.62	13	5.22	44	-74	-46	299	-87	-123	-8.42
Net Cash From Operating Activities	142	276	256	124	58	382	309	165	259	349
Net Cash From Continuing Operating Activities	142	276	256	124	58	382	309	165	259	349
Net Income / (Loss) Continuing Operations	84	129	157	63	57	34	49	142	219	233
Consolidated Net Income / (Loss)	84	129	157	63	57	34	49	142	219	233
Depreciation Expense	96	125	148	180	188	176	153	144	163	199
Amortization Expense	1.64	17	21	23	24	10	4.49	2.84	2.98	4.43
Non-Cash Adjustments To Reconcile Net Income	-2.23	-73	-15	-148	-24	157	205	-24	59	80
Changes in Operating Assets and Liabilities, net	-38	78	-54	6.95	-187	4.13	-102	-101	-185	-167
Net Cash From Investing Activities	-130	-333	-209	-161	-101	-45	-152	-184	-306	-395
Net Cash From Continuing Investing Activities	-130	-333	-209	-161	-101	-45	-152	-184	-306	-395
Purchase of Property, Plant & Equipment	-103	-186	-201	-165	-121	-58	-157	-201	-218	-250
Acquisitions	-32	-157	-26	-21	-	0.00	0.00	-0.35	-123	-184
Sale of Property, Plant & Equipment	9.39	11	16	23	19	13	5.36	17	35	39
Net Cash From Financing Activities	-11	70	-42	81	-31	-383	142	-67	-76	38
Net Cash From Continuing Financing Activities	-11	70	-42	81	-31	-383	142	-67	-76	38
Repayment of Debt	-472	-1,517	-686	-339	-505	-1,344	-342	-18	-781	-859
Repurchase of Common Equity	-87	-170	-63	0.00	-0.30	-107	-107	-49	-50	-66
Issuance of Debt	536	1,795	707	423	475	1,056	595	0.00	763	987
Other Financing Activities, net	13	-113	-0.93	-3.79	-0.81	12	-4.38	-1.20	-8.75	-25
Cash Interest Paid	25	16	17	22	27	21	22	38	51	58
Cash Income Taxes Paid	39	31	88	6.40	12	45	8.60	6.92	97	62

This table details how cash moves in and out of Dycom Industries' business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025
Period end date	7/30/2022	10/29/2022	1/28/2023	4/29/2023	7/29/2023	10/28/2023	1/27/2024	4/27/2024	7/27/2024	10/26/2024	1/25/2025
Net Change in Cash & Equivalents	-65	-55	159	-153	12	-68	85	-75	-6.58	-4.30	77
Net Cash From Operating Activities	-12	-4.51	246	-85	56	-37	325	-37	-7.51	66	328
Net Cash From Continuing Operating Activities	-12	-4.51	246	-85	56	-37	325	-37	-7.51	66	328
Net Income / (Loss) Continuing Operations	44	54	25	52	60	84	23	63	68	70	33
Consolidated Net Income / (Loss)	44	54	25	52	60	84	23	63	68	70	33
Depreciation Expense	35	35	37	37	38	43	45	45	47	52	55
Amortization Expense	0.70	0.70	0.70	0.92	0.69	0.69	0.69	2.23	0.72	0.73	0.75
Non-Cash Adjustments To Reconcile Net Income	-4.53	67	-52	-17	-14	37	53	-2.25	-11	72	21
Changes in Operating Assets and Liabilities, net	-87	-162	236	-158	-29	-201	203	-145	-112	-129	219
Net Cash From Investing Activities	-39	-49	-63	-34	-40	-180	-53	-42	-77	-216	-60
Net Cash From Continuing Investing Activities	-39	-49	-63	-34	-40	-180	-53	-42	-77	-216	-60
Purchase of Property, Plant & Equipment	-43	-55	-65	-43	-51	-67	-57	-42	-65	-75	-68
Sale of Property, Plant & Equipment	3.46	5.66	2.89	9.31	11	10	4.71	13	9.53	8.19	8.72
Net Cash From Financing Activities	-14	-1.30	-25	-34	-4.33	149	-187	4.68	78	146	-191
Net Cash From Continuing Financing Activities	-14	-1.30	-25	-34	-4.33	149	-187	4.68	78	146	-191
Repayment of Debt	-4.38	-4.38	-4.38	-4.38	-4.38	-325	-446	-69	-85	-318	-387
Repurchase of Common Equity	-9.99	-	-20	-20	-	-	-29	-30	-	-	-36
Issuance of Debt	-	-	-	0.00	-	475	288	120	162	473	232
Other Financing Activities, net	0.18	3.08	-0.13	-9.39	0.04	-0.13	0.72	-16	-0.07	-8.58	-0.19
Cash Interest Paid	3.00	16	5.59	17	6.20	18	8.78	17	8.08	22	11
Cash Income Taxes Paid	1.90	1.91	3.10	18	38	25	15	2.53	51	3.84	3.77

This table presents Dycom Industries' assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Period end date	7/25/2015	7/30/2016	7/29/2017	1/27/2018	1/26/2019	1/25/2020	1/30/2021	1/29/2022	1/28/2023	1/27/2024	1/25/2025
Total Assets	1,354	1,720	1,899	1,841	2,098	2,218	1,944	2,118	2,313	2,517	2,945
Total Current Assets	697	851	939	905	1,096	1,258	1,169	1,356	1,493	1,550	1,695
Cash & Equivalents	21	34	39	84	128	55	12	311	224	101	93
Accounts Receivable	315	328	370	319	625	817	858	896	1,067	1,243	1,374
Inventories, net	49	74	83	79	94	98	71	81	115	109	127
Current Deferred & Refundable Income Taxes	21	23	34	14	3.46	3.17	1.71	13	3.93	2.67	2.96
Other Current Assets	291	393	413	409	245	285	226	55	83	94	98
Plant, Property, & Equipment, net	232	327	422	415	425	377	274	295	368	445	542
Total Noncurrent Assets	426	542	539	521	576	583	502	467	453	522	709
Goodwill	272	310	322	322	326	326	272	272	273	312	330
Intangible Assets	121	198	184	171	161	140	119	102	87	109	220
Other Noncurrent Operating Assets	33	34	33	28	89	117	110	93	94	101	159
Total Liabilities & Shareholders' Equity	1,354	1,720	1,899	1,841	2,098	2,218	1,944	2,118	2,313	2,517	2,945
Total Liabilities	847	1,162	1,228	1,116	1,293	1,349	1,133	1,360	1,444	1,462	1,706
Total Current Liabilities	227	323	319	260	285	323	448	382	470	506	587
Short-Term Debt	3.75	13	22	26	5.63	23	82	18	18	18	10
Accounts Payable	72	115	133	92	119	120	159	156	208	222	223
Accrued Expenses	125	159	154	134	144	138	163	165	182	192	214
Current Deferred & Payable Income Tax Liabilities	8.90	15	1.11	0.76	0.72	0.34	6.39	0.23	15	3.86	31
Other Current Liabilities	17	20	9.28	6.48	15	43	39	43	47	71	109
Total Noncurrent Liabilities	620	840	909	856	1,008	1,026	684	978	975	956	1,119
Long-Term Debt	517	706	738	734	868	844	502	823	807	791	933
Noncurrent Deferred & Payable Income Tax Liabilities	47	77	104	57	66	76	48	56	60	50	32
Other Noncurrent Operating Liabilities	56	57	67	65	75	106	135	99	107	115	154
Commitments & Contingencies	0.00	0.00	0.00	0.00	-	-	-	-	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	507	557	672	725	804	869	811	759	869	1,055	1,239
Total Preferred & Common Equity	507	557	672	725	804	869	811	759	869	1,055	1,239
Preferred Stock	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Common Equity	507	557	672	725	804	869	811	759	869	1,055	1,239
Common Stock	82	21	20	17	33	41	12	12	15	16	19
Retained Earnings	426	538	652	710	772	830	801	748	855	1,040	1,220
Accumulated Other Comprehensive Income / (Loss)	-1.20	-1.27	-1.16	-1.15	-1.28	-1.78	-1.77	-1.77	-1.77	-1.55	0.00

This table presents Dycom Industries' assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric	Q3 2022	Q1 2023	Q2 2023	Q3 2023	Q1 2024	Q2 2024	Q3 2024	Q1 2025	Q2 2025	Q3 2025
Period end date	10/30/2021	4/30/2022	7/30/2022	10/29/2022	4/29/2023	7/29/2023	10/28/2023	4/27/2024	7/27/2024	10/26/2024
Total Assets	2,205	2,132	2,206	2,305	2,312	2,396	2,664	2,612	2,779	3,115
Total Current Assets	1,449	1,370	1,434	1,513	1,484	1,555	1,709	1,627	1,761	1,897
Cash & Equivalents	264	186	120	65	71	83	16	26	20	15
Accounts Receivable	960	995	1,119	1,244	1,185	1,214	1,461	1,373	1,507	1,661
Inventories, net	70	94	99	107	116	117	114	104	101	116
Current Deferred & Refundable Income Taxes	7.50	15	6.04	0.00	0.77	11	2.35	0.00	5.83	0.00
Other Current Assets	148	81	90	96	111	130	116	124	127	104
Plant, Property, & Equipment, net	284	299	313	337	374	393	431	458	483	515
Total Noncurrent Assets	471	463	460	455	453	447	525	527	536	703
Goodwill	272	272	272	272	273	273	310	315	320	332
Intangible Assets	106	98	94	90	83	80	116	108	109	228
Other Noncurrent Operating Assets	93	93	93	92	98	95	99	103	106	143
Total Liabilities & Shareholders' Equity	2,205	2,132	2,206	2,305	2,312	2,396	2,664	2,612	2,779	3,115
Total Liabilities	1,394	1,374	1,409	1,447	1,414	1,432	1,610	1,531	1,621	1,881
Total Current Liabilities	393	396	432	471	433	459	489	514	511	608
Short-Term Debt	13	18	18	18	18	18	18	18	0.00	5.00
Accounts Payable	174	176	188	201	196	205	215	213	234	241
Accrued Expenses	168	161	186	202	161	187	202	181	210	245
Current Deferred & Payable Income Tax Liabilities	0.01	0.00	0.00	9.59	6.09	0.00	2.81	11	0.00	24
Other Current Liabilities	39	41	42	41	52	50	51	90	68	94
Total Noncurrent Liabilities	1,001	978	977	976	981	972	1,121	1,017	1,110	1,273
Long-Term Debt	827	819	815	811	803	799	949	842	942	1,093
Noncurrent Deferred & Payable Income Tax Liabilities	56	58	62	59	62	61	58	52	44	32
Other Noncurrent Operating Liabilities	117	101	100	105	116	112	114	123	124	148
Total Equity & Noncontrolling Interests	811	758	797	859	897	964	1,054	1,081	1,158	1,234
Total Preferred & Common Equity	811	758	797	859	897	964	1,054	1,081	1,158	1,234
Preferred Stock	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Common Equity	811	758	797	859	897	964	1,054	1,081	1,158	1,234
Common Stock	14	13	14	22	16	23	29	18	27	32
Retained Earnings	799	747	784	838	883	943	1,027	1,063	1,132	1,201
Accumulated Other Comprehensive Income / (Loss)	-1.77	-1.77	-1.77	-1.77	-1.55	-1.55	-1.55	0.00	0.00	0.00

This table displays calculated financial ratios and metrics derived from Dycom Industries' official financial filings.

Metric	2015	2016	2017	2019	2020	2021	2022	2023	2024	2025
Period end date	7/25/2015	7/30/2016	7/29/2017	1/26/2019	1/25/2020	1/30/2021	1/29/2022	1/28/2023	1/27/2024	1/25/2025
Growth Metrics	-	-	-	-	-	-	-	-	-	-
Revenue Growth	11.63%	32.15%	14.76%	0.00%	6.78%	-4.21%	-2.15%	21.66%	9.64%	12.61%
EBITDA Growth	38.85%	53.55%	14.25%	0.00%	1.90%	-22.92%	-7.54%	51.25%	38.86%	12.16%
EBIT Growth	74.57%	58.21%	11.87%	0.00%	-2.22%	-40.65%	11.92%	156.66%	56.11%	7.30%
NOPAT Growth	94.36%	60.47%	12.11%	0.00%	3.04%	-53.89%	89.69%	121.45%	45.68%	6.64%
Net Income Growth	110.93%	52.67%	22.12%	0.00%	-9.05%	-39.99%	41.46%	192.78%	53.94%	6.62%
EPS Growth	109.57%	61.41%	26.48%	0.00%	-8.63%	-40.56%	46.73%	201.91%	55.49%	7.46%
Operating Cash Flow Growth	68.56%	94.31%	-7.00%	0.00%	-53.39%	558.25%	-19.15%	-46.61%	57.16%	34.80%
Free Cash Flow Firm Growth	204.71%	-817.52%	127.47%	0.00%	0.00%	832.59%	-49.85%	-108.66%	-246.90%	-35.41%
Invested Capital Growth	9.17%	23.47%	12.07%	0.00%	8.52%	-17.74%	-6.82%	14.04%	19.94%	18.56%
Revenue Q/Q Growth	5.01%	8.56%	-0.29%	0.00%	-0.33%	0.41%	0.35%	4.27%	0.85%	2.89%
EBITDA Q/Q Growth	12.74%	12.18%	-1.04%	0.00%	0.40%	-2.54%	150.49%	-65.14%	2.38%	4.19%
EBIT Q/Q Growth	19.51%	12.37%	-3.03%	0.00%	0.29%	1.29%	113.32%	-75.67%	0.98%	3.79%
NOPAT Q/Q Growth	24.32%	11.39%	-3.96%	0.00%	2.30%	7.71%	113.62%	-77.54%	-0.69%	3.21%
Net Income Q/Q Growth	25.88%	13.72%	-3.47%	0.00%	1.54%	25.58%	11.45%	20.32%	-0.63%	4.13%
EPS Q/Q Growth	26.18%	16.47%	-2.96%	0.00%	1.12%	30.49%	7.53%	20.92%	-0.54%	4.21%
Operating Cash Flow Q/Q Growth	28.67%	183.41%	-15.44%	0.00%	542.15%	-18.97%	16.27%	157.14%	43.77%	0.90%
Free Cash Flow Firm Q/Q Growth	218.23%	37.29%	166.70%	0.00%	0.00%	-21.21%	136.08%	-102.90%	63.43%	-13.35%
Invested Capital Q/Q Growth	6.37%	2.23%	-2.55%	0.00%	-9.68%	-5.88%	-7.13%	-9.42%	-12.10%	-9.78%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-
Gross Margin	21.22%	22.04%	21.59%	18.07%	100.00%	17.42%	15.86%	17.02%	19.49%	100.00%
EBITDA Margin	12.87%	14.96%	14.89%	10.70%	10.22%	8.22%	7.77%	9.66%	12.23%	12.18%
Operating Margin	7.63%	9.24%	8.97%	3.73%	3.53%	2.13%	2.61%	5.53%	7.74%	7.24%
EBIT Margin	8.04%	9.63%	9.38%	4.23%	3.88%	2.40%	2.75%	5.80%	8.25%	7.86%
Profit (Net Income) Margin	4.17%	4.82%	5.13%	2.01%	1.71%	1.07%	1.55%	3.73%	5.24%	4.96%
Tax Burden Percent	62.19%	62.40%	62.78%	71.45%	72.85%	57.99%	92.04%	78.95%	74.97%	75.84%
Interest Burden Percent	83.38%	80.20%	87.01%	66.49%	60.66%	77.06%	61.36%	81.60%	84.74%	83.24%
Effective Tax Rate	37.81%	37.60%	37.22%	28.55%	27.15%	42.02%	7.96%	21.05%	25.03%	24.16%
Return on Invested Capital (ROIC)	9.95%	13.69%	13.10%	5.38%	5.31%	2.58%	5.62%	12.05%	14.99%	13.41%
ROIC Less NNEP Spread (ROIC-NNEP)	7.46%	9.43%	10.91%	2.64%	1.64%	1.83%	0.81%	7.81%	11.43%	10.22%
Return on Net Nonoperating Assets (RNNOA)	7.05%	10.49%	12.49%	2.45%	1.53%	1.50%	0.57%	5.42%	7.78%	6.94%
Return on Equity (ROE)	17.00%	24.19%	25.59%	7.82%	6.84%	4.09%	6.19%	17.48%	22.76%	20.35%
Cash Return on Invested Capital (CROIC)	1.19%	-7.31%	1.71%	0.00%	-2.85%	22.04%	12.68%	-1.06%	-3.15%	-3.58%
Operating Return on Assets (OROA)	12.67%	16.74%	15.91%	6.72%	6.00%	3.69%	4.23%	9.96%	14.27%	13.54%
Return on Assets (ROA)	6.57%	8.38%	8.69%	3.19%	2.65%	1.65%	2.39%	6.42%	9.06%	8.55%
Return on Common Equity (ROCE)	17.00%	24.19%	25.59%	7.82%	6.84%	4.09%	6.19%	17.48%	22.76%	20.35%
Return on Equity Simple (ROE_SIMPLE)	16.63%	23.10%	23.41%	7.82%	6.59%	4.23%	6.40%	16.37%	20.76%	18.84%
Net Operating Profit after Tax (NOPAT)	96	154	173	83	86	40	75	166	242	258
NOPAT Margin	4.75%	5.76%	5.63%	2.66%	2.57%	1.24%	2.40%	4.36%	5.80%	5.49%
Net Nonoperating Expense Percent (NNEP)	2.49%	4.27%	2.20%	2.74%	3.67%	0.76%	4.81%	4.25%	3.55%	3.19%
Return On Investment Capital (ROIC_SIMPLE)	-	-	-	-	-	-	-	9.82%	12.99%	11.83%
Cost of Revenue to Revenue	78.78%	77.96%	78.41%	81.93%	0.00%	82.58%	84.14%	82.98%	80.51%	0.00%
SG&A Expenses to Revenue	8.84%	8.13%	7.80%	8.61%	7.62%	8.12%	8.38%	7.71%	7.85%	8.36%
R&D to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	13.59%	12.80%	12.62%	14.35%	96.47%	15.28%	13.26%	11.49%	11.75%	92.76%
Earnings before Interest and Taxes (EBIT)	163	257	288	132	129	77	86	221	345	370
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	260	400	457	335	341	263	243	368	511	573
Valuation Ratios	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	4.29	5.29	4.18	2.30	1.62	3.19	3.36	3.15	3.20	4.54
Price to Tangible Book Value (P/TBV)	19.00	59.86	16.88	5.84	3.48	6.17	6.64	5.38	5.33	8.17
Price to Revenue (P/Rev)	1.08	1.10	0.92	0.59	0.42	0.81	0.81	0.72	0.81	1.20
Price to Earnings (P/E)	25.83	22.90	17.85	29.44	24.52	75.41	52.52	19.27	15.44	24.10
Dividend Yield	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Earnings Yield	3.87%	4.37%	5.60%	3.40%	4.08%	1.33%	1.90%	5.19%	6.48%	4.15%
Enterprise Value to Invested Capital (EV/IC)	2.66	2.92	2.53	1.68	1.32	2.29	2.39	2.27	2.32	3.10
Enterprise Value to Revenue (EV/Rev)	1.32	1.36	1.15	0.83	0.66	0.99	0.98	0.88	0.98	1.38
Enterprise Value to EBITDA (EV/EBITDA)	10.29	9.09	7.73	7.76	6.49	12.02	12.67	9.09	8.00	11.31
Enterprise Value to EBIT (EV/EBIT)	16.46	14.12	12.26	19.61	17.11	41.14	35.83	15.14	11.86	17.52
Enterprise Value to NOPAT (EV/NOPAT)	27.90	23.59	20.43	31.18	25.81	79.88	41.05	20.10	16.88	25.08
Enterprise Value to Operating Cash Flow (EV/OCF)	18.87	13.18	13.76	20.87	38.20	8.28	9.98	20.28	15.78	18.55
Enterprise Value to Free Cash Flow (EV/FCFF)	233.59	0.00	156.13	0.00	0.00	9.36	18.19	0.00	0.00	0.00
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-
Debt to Equity	1.03	1.29	1.13	1.09	1.00	0.72	1.11	0.95	0.77	0.76
Long-Term Debt to Equity	1.02	1.27	1.10	1.08	0.97	0.62	1.09	0.93	0.75	0.75
Financial Leverage	0.94	1.11	1.14	0.93	0.93	0.82	0.70	0.69	0.68	0.68
Leverage Ratio	2.59	2.89	2.95	2.58	2.58	2.48	2.59	2.72	2.51	2.38
Compound Leverage Factor	2.16	2.32	2.56	1.71	1.56	1.91	1.59	2.22	2.13	1.98
Debt to Total Capital	50.65%	56.35%	53.09%	52.06%	49.95%	41.82%	52.57%	48.70%	43.41%	43.22%
Short-Term Debt to Total Capital	0.36%	1.03%	1.51%	0.34%	1.30%	5.86%	1.09%	1.03%	0.94%	0.46%
Long-Term Debt to Total Capital	50.29%	55.32%	51.57%	51.72%	48.65%	35.96%	51.48%	47.67%	42.47%	42.76%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Common Equity to Total Capital	49.35%	43.65%	46.91%	47.94%	50.05%	58.18%	47.43%	51.30%	56.59%	56.78%
Debt to EBITDA	2.00	1.80	1.66	2.61	2.54	2.22	3.46	2.24	1.58	1.65
Net Debt to EBITDA	1.92	1.72	1.58	2.22	2.38	2.17	2.18	1.63	1.39	1.49
Long-Term Debt to EBITDA	1.99	1.77	1.62	2.59	2.48	1.91	3.39	2.20	1.55	1.63
Debt to NOPAT	5.42	4.67	4.40	10.48	10.10	14.74	11.20	4.96	3.34	3.65
Net Debt to NOPAT	5.20	4.45	4.18	8.94	9.47	14.44	7.06	3.61	2.92	3.29
Long-Term Debt to NOPAT	5.39	4.59	4.28	10.42	9.84	12.67	10.97	4.86	3.27	3.61
Altman Z-Score	4.29	4.38	4.36	3.54	3.35	4.17	3.78	4.15	4.57	5.02
Noncontrolling Interest Sharing Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-
Current Ratio	3.07	2.64	2.95	3.85	3.90	2.61	3.55	3.18	3.06	2.89
Quick Ratio	1.48	1.12	1.28	2.64	2.70	1.94	3.16	2.75	2.66	2.50
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	11	-82	23	0.00	-46	338	169	-15	-51	-69
Operating Cash Flow to CapEx	151.59%	157.14%	138.49%	87.63%	57.13%	855.47%	203.49%	89.76%	141.32%	165.20%
Free Cash Flow to Firm to Interest Expense	0.42	-1.61	0.60	0.00	-0.91	19.16	5.10	-0.36	-0.97	-1.11
Operating Cash Flow to Interest Expense	5.25	5.41	6.86	2.80	1.14	21.66	9.29	4.06	4.92	5.63
Operating Cash Flow Less CapEx to Interest Expense	1.79	1.97	1.91	-0.40	-0.85	19.13	4.72	-0.46	1.44	2.22
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-
Asset Turnover	1.58	1.74	1.69	1.59	1.55	1.54	1.54	1.72	1.73	1.72
Accounts Receivable Turnover	6.88	8.31	8.79	6.63	4.63	3.82	3.57	3.88	3.61	3.59
Inventory Turnover	32.60	34.09	30.67	29.55	0.00	31.23	34.62	32.20	30.08	0.00
Fixed Asset Turnover	9.26	9.57	8.19	7.45	8.34	9.84	11.01	11.49	10.28	9.53
Accounts Payable Turnover	23.58	22.25	19.36	24.19	0.00	18.97	16.73	17.38	15.64	0.00
Days Sales Outstanding (DSO)	53.05	43.92	41.53	55.08	78.83	95.57	102.25	94.06	100.97	101.57
Days Inventory Outstanding (DIO)	11.20	10.71	11.90	12.35	0.00	11.69	10.54	11.33	12.14	0.00
Days Payable Outstanding (DPO)	15.48	16.41	18.86	15.09	0.00	19.24	21.82	21.00	23.34	0.00
Cash Conversion Cycle (CCC)	48.77	38.22	34.57	52.34	78.83	88.02	90.98	84.40	89.77	101.57
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-
Invested Capital	1,007	1,243	1,393	1,549	1,681	1,383	1,289	1,469	1,762	2,090
Invested Capital Turnover	2.10	2.38	2.33	2.02	2.07	2.09	2.34	2.76	2.58	2.44
Increase / (Decrease) in Invested Capital	85	236	150	0.00	132	-298	-94	181	293	327
Enterprise Value (EV)	2,677	3,634	3,528	2,597	2,215	3,161	3,081	3,341	4,087	6,477
Market Capitalization	2,178	2,948	2,806	1,852	1,403	2,589	2,551	2,741	3,379	5,626
Book Value per Share	$14.88	$17.78	$21.61	$25.69	$27.55	$25.42	$25.13	$29.39	$35.95	$42.47
Tangible Book Value per Share	$3.36	$1.57	$5.35	$10.14	$12.78	$13.15	$12.73	$17.24	$21.60	$23.62
Total Capital	1,028	1,277	1,432	1,677	1,736	1,395	1,599	1,694	1,864	2,182
Total Debt	521	719	760	873	867	583	841	825	809	943
Total Long-Term Debt	517	706	738	868	844	502	823	807	791	933
Net Debt	499	686	721	745	812	572	530	601	708	851
Capital Expenditures (CapEx)	94	175	185	142	102	45	152	184	183	211
Debt-free, Cash-free Net Working Capital (DFCFNWC)	452	508	603	689	903	790	681	816	960	1,025
Debt-free Net Working Capital (DFNWC)	474	542	642	817	958	802	992	1,041	1,061	1,117
Net Working Capital (NWC)	470	529	620	811	935	720	974	1,023	1,044	1,107
Net Nonoperating Expense (NNE)	12	25	15	20	29	5.23	26	24	23	25
Net Nonoperating Obligations (NNO)	499	686	721	745	812	572	530	601	708	851
Total Depreciation and Amortization (D&A)	98	142	169	202	212	186	157	147	166	203
Debt-free, Cash-free Net Working Capital to Revenue	22.37%	19.01%	19.66%	22.02%	27.04%	24.70%	21.75%	21.44%	22.99%	21.80%
Debt-free Net Working Capital to Revenue	23.42%	20.27%	20.92%	26.12%	28.68%	25.06%	31.68%	27.32%	25.42%	23.77%
Net Working Capital to Revenue	23.24%	19.78%	20.22%	25.94%	28.00%	22.51%	31.12%	26.86%	25.00%	23.55%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$2.48	$3.98	$5.01	$2.01	$1.82	$1.08	$1.60	$4.81	$7.46	$8.02
Adjusted Weighted Average Basic Shares Outstanding	34.05M	32.32M	31.35M	31.25M	31.50M	31.67M	30.34M	29.55M	29.33M	29.11M
Adjusted Diluted Earnings per Share	$2.41	$3.89	$4.92	$1.97	$1.80	$1.07	$1.57	$4.74	$7.37	$7.92
Adjusted Weighted Average Diluted Shares Outstanding	35.03M	33.12M	31.98M	31.99M	31.82M	32.09M	30.84M	30.00M	29.70M	29.48M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	33.24M	31.43M	31.09M	31.44M	31.59M	30.62M	29.61M	29.36M	29.09M	28.98M
Normalized Net Operating Profit after Tax (NOPAT)	96	154	173	83	86	70	75	166	242	258
Normalized NOPAT Margin	4.75%	5.76%	5.63%	2.66%	2.57%	2.20%	2.40%	4.36%	5.80%	5.49%
Pre Tax Income Margin	6.70%	7.72%	8.17%	2.81%	2.35%	1.85%	1.69%	4.73%	6.99%	6.55%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	6.02	5.05	7.70	2.98	2.54	4.36	2.59	5.43	6.55	5.97
NOPAT to Interest Expense	3.55	3.02	4.62	1.88	1.69	2.25	2.26	4.09	4.60	4.17
EBIT Less CapEx to Interest Expense	2.55	1.60	2.75	-0.22	0.55	1.83	-1.98	0.91	3.07	2.56
NOPAT Less CapEx to Interest Expense	0.09	-0.42	-0.33	-1.32	-0.31	-0.29	-2.31	-0.43	1.12	0.76
Payout Ratios	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Augmented Payout Ratio	103.35%	132.05%	40.01%	0.00%	0.53%	312.13%	219.92%	34.27%	22.68%	28.12%

This table displays calculated financial ratios and metrics derived from Dycom Industries' official financial filings.

Metric	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025
Period end date	7/30/2022	10/29/2022	1/28/2023	4/29/2023	7/29/2023	10/28/2023	1/27/2024	4/27/2024	7/27/2024	10/26/2024	1/25/2025
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	23.45%	22.07%	20.48%	19.31%	7.12%	8.99%	3.81%	9.27%	15.51%	11.96%	13.87%
EBITDA Growth	41.10%	39.91%	-89.47%	73.32%	27.32%	46.27%	14.70%	19.07%	18.85%	-4.75%	24.85%
EBIT Growth	100.61%	81.22%	-94.05%	163.97%	37.88%	58.40%	7.67%	16.53%	17.45%	-13.92%	28.88%
NOPAT Growth	101.09%	68.71%	-93.44%	138.28%	33.08%	47.45%	-5.95%	15.84%	15.32%	-12.53%	25.68%
Net Income Growth	141.43%	88.08%	3,024.56%	163.73%	37.37%	55.03%	-5.61%	21.41%	13.53%	-16.66%	39.51%
EPS Growth	147.46%	91.49%	8,200.00%	166.15%	39.04%	56.67%	-4.82%	22.54%	14.29%	-15.96%	40.51%
Operating Cash Flow Growth	-169.58%	-104.32%	69.19%	-31.12%	567.59%	-726.80%	32.02%	56.06%	-113.35%	276.55%	0.96%
Free Cash Flow Firm Growth	-130.13%	-248.36%	-124.35%	-1,739.26%	-177.07%	-68.59%	-77.46%	-11.73%	-151.09%	20.69%	-9.94%
Invested Capital Growth	6.58%	16.92%	14.04%	16.84%	12.45%	23.61%	19.94%	16.24%	22.60%	15.51%	18.56%
Revenue Q/Q Growth	10.95%	7.22%	-11.99%	13.95%	-0.38%	9.08%	-16.17%	19.95%	5.31%	5.73%	-14.74%
EBITDA Q/Q Growth	56.21%	11.18%	-30.21%	42.99%	14.75%	27.74%	-45.28%	48.44%	14.54%	2.37%	-28.27%
EBIT Q/Q Growth	132.38%	16.93%	-45.52%	78.32%	21.38%	34.34%	-62.97%	92.99%	22.33%	-1.54%	-44.56%
NOPAT Q/Q Growth	106.21%	23.44%	-44.43%	68.47%	15.17%	36.76%	-64.56%	107.51%	14.65%	3.73%	-49.07%
Net Income Q/Q Growth	124.49%	23.16%	-54.07%	107.68%	16.93%	38.99%	-72.03%	167.12%	9.35%	2.03%	-53.19%
EPS Q/Q Growth	124.62%	23.29%	-53.89%	108.43%	17.34%	38.92%	-71.99%	168.35%	9.43%	2.16%	-53.16%
Operating Cash Flow Q/Q Growth	81.46%	62.55%	5,563.61%	-134.57%	166.11%	-166.22%	972.39%	-111.50%	79.91%	975.58%	398.88%
Free Cash Flow Firm Q/Q Growth	-351.23%	-293.10%	15.51%	-22.72%	32.03%	-139.19%	11.06%	22.74%	-52.76%	24.45%	-23.30%
Invested Capital Q/Q Growth	7.09%	7.46%	-9.42%	12.08%	3.08%	18.12%	-12.10%	8.62%	8.71%	11.29%	-9.78%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	100.00%	18.37%	-70.43%	18.38%	20.27%	21.96%	16.91%	19.33%	20.80%	100.00%	272.84%
EBITDA Margin	10.72%	11.12%	8.82%	11.06%	12.74%	14.92%	9.74%	12.05%	13.11%	12.69%	10.68%
Operating Margin	6.75%	7.41%	4.70%	6.93%	8.48%	10.51%	4.49%	7.09%	8.65%	8.00%	4.95%
EBIT Margin	7.01%	7.65%	4.74%	7.41%	9.03%	11.12%	4.91%	7.90%	9.18%	8.55%	5.56%
Profit (Net Income) Margin	4.51%	5.18%	2.70%	4.93%	5.78%	7.37%	2.46%	5.48%	5.69%	5.49%	3.01%
Tax Burden Percent	74.52%	78.10%	77.81%	77.95%	73.69%	74.52%	73.70%	80.77%	72.14%	76.45%	73.86%
Interest Burden Percent	86.29%	86.72%	73.39%	85.32%	86.94%	88.96%	67.93%	85.78%	85.85%	83.95%	73.37%
Effective Tax Rate	25.48%	21.90%	22.19%	22.05%	26.31%	25.48%	26.30%	19.23%	27.86%	23.55%	26.14%
Return on Invested Capital (ROIC)	11.91%	14.05%	10.10%	14.07%	15.77%	17.88%	8.56%	13.75%	14.64%	12.94%	8.92%
ROIC Less NNEP Spread (ROIC-NNEP)	11.16%	13.11%	8.55%	13.35%	15.10%	17.27%	7.32%	13.38%	13.84%	12.15%	8.03%
Return on Net Nonoperating Assets (RNNOA)	9.54%	10.52%	5.94%	11.30%	12.40%	15.48%	4.98%	10.71%	10.80%	10.80%	5.45%
Return on Equity (ROE)	21.45%	24.57%	16.04%	25.36%	28.17%	33.37%	13.53%	24.46%	25.43%	23.74%	14.38%
Cash Return on Invested Capital (CROIC)	43.92%	33.58%	-1.06%	-2.49%	1.70%	-7.67%	-3.15%	-0.91%	-6.48%	-2.81%	-3.58%
Operating Return on Assets (OROA)	10.92%	12.39%	8.14%	13.27%	15.88%	18.53%	8.49%	13.72%	15.73%	13.52%	9.57%
Return on Assets (ROA)	7.03%	8.39%	4.65%	8.82%	10.17%	12.28%	4.25%	9.50%	9.74%	8.68%	5.19%
Return on Common Equity (ROCE)	21.45%	24.57%	16.04%	25.36%	28.17%	33.37%	13.53%	24.46%	25.43%	23.74%	14.38%
Return on Equity Simple (ROE_SIMPLE)	11.66%	13.77%	0.00%	19.41%	19.77%	20.90%	0.00%	21.28%	20.55%	18.17%	0.00%
Net Operating Profit after Tax (NOPAT)	49	60	34	56	65	89	32	65	75	78	40
NOPAT Margin	5.03%	5.79%	3.66%	5.40%	6.25%	7.83%	3.31%	5.73%	6.24%	6.12%	3.65%
Net Nonoperating Expense Percent (NNEP)	0.75%	0.95%	1.54%	0.71%	0.67%	0.61%	1.24%	0.37%	0.80%	0.79%	0.89%
Return On Investment Capital (ROIC_SIMPLE)	-	-	1.98%	-	-	-	1.69%	-	-	-	1.82%
Cost of Revenue to Revenue	0.00%	81.63%	170.43%	81.62%	79.73%	78.04%	83.09%	80.67%	79.20%	0.00%	-172.84%
SG&A Expenses to Revenue	7.54%	7.56%	7.84%	7.88%	8.14%	7.70%	7.66%	8.28%	8.28%	8.71%	8.12%
R&D to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	93.25%	10.96%	-75.13%	11.44%	11.79%	11.45%	12.42%	12.23%	12.15%	92.00%	267.89%
Earnings before Interest and Taxes (EBIT)	68	80	43	77	94	126	47	90	110	109	60
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	104	116	81	116	133	170	93	138	158	161	116
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	3.83	4.13	3.15	3.03	3.02	2.36	3.20	3.84	4.47	4.53	4.54
Price to Tangible Book Value (P/TBV)	7.08	7.15	5.38	5.02	4.76	3.95	5.33	6.32	7.10	8.30	8.17
Price to Revenue (P/Rev)	0.88	0.97	0.72	0.68	0.72	0.60	0.81	0.97	1.17	1.22	1.20
Price to Earnings (P/E)	3.72	4.20	19.27	15.61	15.29	11.27	15.44	18.06	21.74	24.94	24.10
Dividend Yield	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Earnings Yield	26.86%	23.80%	5.19%	6.41%	6.54%	8.87%	6.48%	5.54%	4.60%	4.01%	4.15%
Enterprise Value to Invested Capital (EV/IC)	2.49	2.66	2.27	2.11	2.15	1.71	2.32	2.60	2.93	2.88	3.10
Enterprise Value to Revenue (EV/Rev)	1.09	1.18	0.88	0.87	0.90	0.83	0.98	1.17	1.38	1.46	1.38
Enterprise Value to EBITDA (EV/EBITDA)	3.68	4.09	9.09	8.32	8.19	6.89	8.00	9.36	10.93	12.14	11.31
Enterprise Value to EBIT (EV/EBIT)	4.32	4.75	15.14	12.90	12.37	10.07	11.86	13.95	16.31	18.73	17.52
Enterprise Value to NOPAT (EV/NOPAT)	5.11	5.83	20.10	17.41	16.94	14.09	16.88	19.84	23.34	26.67	25.08
Enterprise Value to Operating Cash Flow (EV/OCF)	21.75	67.27	20.28	23.99	17.13	19.07	15.78	16.26	25.11	19.29	18.55
Enterprise Value to Free Cash Flow (EV/FCFF)	5.85	8.53	0.00	0.00	133.58	0.00	0.00	0.00	0.00	0.00	0.00
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	1.04	0.97	0.95	0.91	0.85	0.92	0.77	0.80	0.81	0.89	0.76
Long-Term Debt to Equity	1.02	0.95	0.93	0.90	0.83	0.90	0.75	0.78	0.81	0.89	0.75
Financial Leverage	0.85	0.80	0.69	0.85	0.82	0.90	0.68	0.80	0.78	0.89	0.68
Leverage Ratio	2.82	2.70	2.72	2.68	2.61	2.60	2.51	2.49	2.44	2.53	2.38
Compound Leverage Factor	2.43	2.34	2.00	2.29	2.27	2.31	1.71	2.14	2.09	2.12	1.75
Debt to Total Capital	51.10%	49.12%	48.70%	47.77%	45.87%	47.85%	43.41%	44.31%	44.86%	47.09%	43.22%
Short-Term Debt to Total Capital	1.07%	1.04%	1.03%	1.02%	0.98%	0.87%	0.94%	0.90%	0.00%	0.21%	0.46%
Long-Term Debt to Total Capital	50.03%	48.08%	47.67%	46.75%	44.89%	46.98%	42.47%	43.41%	44.86%	46.87%	42.76%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Common Equity to Total Capital	48.90%	50.88%	51.30%	52.23%	54.13%	52.15%	56.59%	55.69%	55.14%	52.91%	56.78%
Debt to EBITDA	0.82	0.79	2.24	1.97	1.84	1.94	1.58	1.61	1.69	2.00	1.65
Net Debt to EBITDA	0.70	0.72	1.63	1.80	1.65	1.91	1.39	1.57	1.65	1.97	1.49
Long-Term Debt to EBITDA	0.80	0.77	2.20	1.93	1.80	1.90	1.55	1.58	1.69	1.99	1.63
Debt to NOPAT	1.13	1.12	4.96	4.12	3.79	3.97	3.34	3.42	3.61	4.39	3.65
Net Debt to NOPAT	0.97	1.03	3.61	3.76	3.41	3.90	2.92	3.32	3.53	4.33	3.29
Long-Term Debt to NOPAT	1.11	1.10	4.86	4.03	3.71	3.89	3.27	3.35	3.61	4.37	3.61
Altman Z-Score	4.01	4.22	3.90	4.06	4.14	3.73	4.18	4.46	4.75	4.40	4.67
Noncontrolling Interest Sharing Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Current Ratio	3.32	3.21	3.18	3.43	3.39	3.50	3.06	3.17	3.44	3.12	2.89
Quick Ratio	2.87	2.78	2.75	2.90	2.82	3.02	2.66	2.72	2.99	2.76	2.50
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	-44	-174	-147	-181	-123	-294	-262	-202	-309	-233	-288
Operating Cash Flow to CapEx	-30.80%	-9.16%	395.31%	-253.26%	140.82%	-65.33%	617.40%	-127.82%	-13.44%	99.09%	549.13%
Free Cash Flow to Firm to Interest Expense	-4.75	-16.47	-12.75	-15.90	-10.01	-21.07	-17.43	-15.74	-19.76	-13.36	-17.91
Operating Cash Flow to Interest Expense	-1.29	-0.43	21.30	-7.48	4.58	-2.67	21.67	-2.91	-0.48	3.77	20.45
Operating Cash Flow Less CapEx to Interest Expense	-5.47	-5.07	15.91	-10.44	1.33	-6.76	18.16	-5.19	-4.06	-0.03	16.72
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	1.56	1.62	1.72	1.79	1.76	1.67	1.73	1.74	1.71	1.58	1.72
Accounts Receivable Turnover	3.38	3.31	3.88	3.65	3.47	3.06	3.61	3.34	3.26	2.93	3.59
Inventory Turnover	25.01	33.43	32.20	31.15	37.93	37.39	30.08	31.23	32.52	23.18	0.00
Fixed Asset Turnover	11.75	11.76	11.49	11.81	11.46	10.78	10.28	10.26	10.12	9.67	9.53
Accounts Payable Turnover	11.69	15.80	17.38	17.54	20.89	19.86	15.64	16.77	16.21	11.69	0.00
Days Sales Outstanding (DSO)	107.88	110.14	94.06	100.01	105.21	119.25	100.97	109.25	112.03	124.70	101.57
Days Inventory Outstanding (DIO)	14.59	10.92	11.33	11.72	9.62	9.76	12.14	11.69	11.22	15.74	0.00
Days Payable Outstanding (DPO)	31.23	23.10	21.00	20.81	17.47	18.38	23.34	21.76	22.52	31.24	0.00
Cash Conversion Cycle (CCC)	91.24	97.95	84.40	90.92	97.36	110.64	89.77	99.18	100.74	109.20	101.57
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	1,510	1,622	1,469	1,647	1,698	2,005	1,762	1,914	2,081	2,316	2,090
Invested Capital Turnover	2.37	2.43	2.76	2.60	2.52	2.28	2.58	2.40	2.35	2.12	2.44
Increase / (Decrease) in Invested Capital	93	235	181	237	188	383	293	267	384	311	327
Enterprise Value (EV)	3,761	4,311	3,341	3,468	3,647	3,435	4,087	4,987	6,099	6,672	6,477
Market Capitalization	3,049	3,548	2,741	2,719	2,913	2,484	3,379	4,153	5,176	5,590	5,626
Book Value per Share	$26.97	$29.15	$29.39	$30.57	$32.87	$35.93	$35.95	$37.15	$39.82	$42.39	$42.47
Tangible Book Value per Share	$14.57	$16.84	$17.24	$18.46	$20.87	$21.42	$21.60	$22.58	$25.05	$23.15	$23.62
Total Capital	1,630	1,687	1,694	1,718	1,781	2,021	1,864	1,941	2,101	2,331	2,182
Total Debt	833	829	825	821	817	967	809	860	942	1,098	943
Total Long-Term Debt	815	811	807	803	799	949	791	842	942	1,093	933
Net Debt	713	764	601	749	734	951	708	834	923	1,083	851
Capital Expenditures (CapEx)	39	49	62	34	40	57	53	29	56	66	60
Debt-free, Cash-free Net Working Capital (DFCFNWC)	899	994	816	997	1,030	1,222	960	1,105	1,230	1,278	1,025
Debt-free Net Working Capital (DFNWC)	1,019	1,059	1,041	1,068	1,113	1,237	1,061	1,131	1,250	1,293	1,117
Net Working Capital (NWC)	1,002	1,042	1,023	1,051	1,096	1,220	1,044	1,113	1,250	1,288	1,107
Net Nonoperating Expense (NNE)	5.04	6.34	8.73	4.97	4.82	5.25	8.12	2.89	6.64	8.05	6.97
Net Nonoperating Obligations (NNO)	713	764	601	749	734	951	708	834	923	1,083	851
Total Depreciation and Amortization (D&A)	36	36	37	38	39	43	46	47	47	53	56
Debt-free, Cash-free Net Working Capital to Revenue	25.95%	27.22%	21.44%	25.06%	25.45%	29.51%	22.99%	25.85%	27.74%	27.97%	21.80%
Debt-free Net Working Capital to Revenue	29.42%	29.01%	27.32%	26.86%	27.51%	29.88%	25.42%	26.47%	28.18%	28.30%	23.77%
Net Working Capital to Revenue	28.92%	28.53%	26.86%	26.42%	27.08%	29.46%	25.00%	26.06%	28.18%	28.19%	23.55%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$1.48	$1.83	$0.84	$1.75	$2.05	$2.85	$0.81	$2.15	$2.35	$2.39	$1.13
Adjusted Weighted Average Basic Shares Outstanding	29.54M	29.52M	29.55M	29.37M	29.33M	29.33M	29.33M	29.11M	29.10M	29.15M	29.11M
Adjusted Diluted Earnings per Share	$1.46	$1.80	$0.83	$1.73	$2.03	$2.82	$0.79	$2.12	$2.32	$2.37	$1.11
Adjusted Weighted Average Diluted Shares Outstanding	29.94M	29.98M	30.00M	29.78M	29.61M	29.69M	29.70M	29.55M	29.44M	29.48M	29.48M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	29.46M	29.56M	29.36M	29.33M	29.33M	29.34M	29.09M	29.09M	29.10M	29.18M	28.98M
Normalized Net Operating Profit after Tax (NOPAT)	49	60	34	56	65	89	32	65	75	78	40
Normalized NOPAT Margin	5.03%	5.79%	3.66%	5.40%	6.25%	7.83%	3.31%	5.73%	6.24%	6.12%	3.65%
Pre Tax Income Margin	6.05%	6.63%	3.48%	6.32%	7.85%	9.89%	3.34%	6.78%	7.88%	7.18%	4.08%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	7.30	7.53	3.76	6.81	7.66	9.05	3.12	7.03	7.07	6.23	3.76
NOPAT to Interest Expense	5.23	5.70	2.90	4.97	5.30	6.38	2.10	5.10	4.80	4.46	2.47
EBIT Less CapEx to Interest Expense	3.12	2.89	-1.63	3.86	4.40	4.97	-0.39	4.75	3.49	2.43	0.03
NOPAT Less CapEx to Interest Expense	1.05	1.05	-2.49	2.01	2.05	2.29	-1.41	2.82	1.23	0.66	-1.25
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Augmented Payout Ratio	91.88%	72.22%	34.27%	28.98%	21.25%	18.38%	22.68%	25.72%	24.84%	26.39%	28.12%

Frequently Asked Questions About Dycom Industries' Financials

When does Dycom Industries's financial year end?

According to the most recent income statement we have on file, Dycom Industries' fiscal year ends in January. Their fiscal year 2025 ended on January 25, 2025.

How has Dycom Industries' net income changed over the last 9 years?

Dycom Industries' net income appears to be on an upward trend, with a most recent value of $233.41 million in 2025, rising from $84.32 million in 2015. The previous period was $218.92 million in 2024. View Dycom Industries' forecast to see where analysts expect Dycom Industries to go next.

What is Dycom Industries's operating income?

Dycom Industries's total operating income in 2025 was $340.54 million, based on the following breakdown:

Total Gross Profit: $4.70 billion
Total Operating Expenses: $4.36 billion

How has Dycom Industries revenue changed over the last 9 years?

Over the last 9 years, Dycom Industries' total revenue changed from $2.02 billion in 2015 to $4.70 billion in 2025, a change of 132.5%.

How much debt does Dycom Industries have?

Dycom Industries' total liabilities were at $1.71 billion at the end of 2025, a 16.7% increase from 2024, and a 101.5% increase since 2015.

How much cash does Dycom Industries have?

In the past 10 years, Dycom Industries' cash and equivalents has ranged from $11.77 million in 2021 to $310.76 million in 2022, and is currently $92.67 million as of their latest financial filing in 2025.

How has Dycom Industries' book value per share changed over the last 9 years?

Over the last 9 years, Dycom Industries' book value per share changed from 14.88 in 2015 to 42.47 in 2025, a change of 185.4%.

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This page (NYSE:DY) was last updated on 5/6/2025 by MarketBeat.com Staff

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Dycom Industries (DY) Financials

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Dycom Industries (DY) Financials

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