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Dycom Industries (DY) Financials

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$296.88 +9.58 (+3.34%)
Closing price 09/2/2026 03:59 PM Eastern
Extended Trading
$296.92 +0.04 (+0.01%)
As of 07:00 AM Eastern
Extended trading is trading that happens on electronic markets outside of regular trading hours. This is a fair market value extended hours price provided by Massive. Learn more.
Annual Income Statements for Dycom Industries

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 2026
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 1/31/2026
Net Income / (Loss) Attributable to Common Shareholders
84 129 157 63 57 34 49 142 219 233 281
Consolidated Net Income / (Loss)
84 129 157 63 57 34 49 142 219 233 281
Net Income / (Loss) Continuing Operations
84 129 157 63 57 34 49 142 219 233 281
Total Pre-Tax Income
136 206 250 88 79 59 53 180 292 308 368
Total Operating Income
154 247 275 117 118 68 82 211 323 341 425
Total Gross Profit
429 589 662 565 3,340 557 497 648 814 932 1,140
Total Revenue
2,022 2,673 3,067 3,128 3,340 3,199 3,131 3,808 4,176 4,702 5,546
Operating Revenue
2,022 2,673 3,067 3,128 3,340 3,199 3,131 3,808 4,176 4,702 5,546
Total Cost of Revenue
1,593 2,084 2,405 2,562 0.00 2,642 2,634 3,160 3,362 3,770 4,406
Operating Cost of Revenue
1,593 2,084 2,405 2,562 - 2,642 2,634 3,160 3,362 3,770 4,406
Total Operating Expenses
275 342 387 449 3,222 489 415 438 491 592 715
Selling, General & Admin Expense
179 217 239 269 255 260 262 293 328 393 445
Depreciation Expense
96 125 148 180 188 176 153 144 163 199 270
Total Other Income / (Expense), net
-19 -41 -25 -29 -39 -9.03 -29 -30 -31 -33 -57
Interest Expense
27 51 37 44 51 18 33 41 53 62 74
Other Income / (Expense), net
8.29 10 13 16 12 8.60 4.45 10 22 29 17
Income Tax Expense
51 78 93 25 21 25 4.20 38 73 74 87
Basic Earnings per Share
$2.48 $3.98 $5.01 $2.01 $1.82 $1.08 $1.60 $4.81 $7.46 $8.02 $9.68
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 29.06M
Diluted Earnings per Share
$2.41 $3.89 $4.92 $1.97 $1.80 $1.07 $1.57 $4.74 $7.37 $7.92 $9.56
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 29.42M
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 29.97M

Quarterly Income Statements for Dycom Industries

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

Metric Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026 Q2 2026 Q3 2026 Q4 2026 Q1 2027 Q2 2027
Period end date 1/27/2024 4/27/2024 7/27/2024 10/26/2024 1/25/2025 4/26/2025 7/26/2025 10/25/2025 1/31/2026 5/2/2026 8/1/2026
Total Costs & Expenses
- - - - - - 1,238 - - - 1,814
Net Income / (Loss) Attributable to Common Shareholders
23 63 68 70 33 61 97 106 16 91 116
Consolidated Net Income / (Loss)
23 63 68 70 33 61 97 106 16 91 116
Net Income / (Loss) Continuing Operations
23 63 68 70 33 61 97 106 16 91 116
Total Pre-Tax Income
32 77 95 91 44 79 131 140 18 107 154
Total Operating Income
43 81 104 102 54 85 140 151 49 144 192
Total Gross Profit
161 221 250 1,272 2,959 247 307 320 265 387 441
Total Revenue
952 1,142 1,203 1,272 1,085 1,259 1,378 1,452 1,458 1,965 2,006
Operating Revenue
952 1,142 1,203 1,272 1,085 1,259 1,378 1,452 1,458 1,965 2,006
Total Cost of Revenue
791 922 953 0.00 -1,875 1,011 1,070 1,132 1,193 1,578 1,565
Operating Cost of Revenue
791 922 953 - - 1,011 1,070 1,132 1,193 1,578 1,565
Total Operating Expenses
118 140 146 1,170 2,905 162 168 169 216 243 249
Selling, General & Admin Expense
73 95 100 111 88 104 107 107 128 131 133
Depreciation Expense
45 45 47 52 55 58 61 62 88 112 116
Total Other Income / (Expense), net
-11 -3.58 -9.20 -11 -9.44 -6.78 -8.73 -10 -31 -37 -38
Interest Expense
15 13 16 17 16 14 16 14 30 36 38
Other Income / (Expense), net
3.98 9.25 6.42 6.93 6.62 7.26 6.83 3.30 -0.80 -1.51 -0.05
Income Tax Expense
8.36 15 26 22 12 18 34 34 1.60 15 38
Basic Earnings per Share
$0.81 $2.15 $2.35 $2.39 $1.13 $2.11 $3.37 $3.67 $0.53 $3.05 $3.84
Weighted Average Basic Shares Outstanding
29.33M 29.11M 29.10M 29.15M 29.11M 28.93M 28.94M 28.95M 29.06M 29.97M 30.08M
Diluted Earnings per Share
$0.79 $2.12 $2.32 $2.37 $1.11 $2.09 $3.33 $3.63 $0.51 $3.00 $3.81
Weighted Average Diluted Shares Outstanding
29.70M 29.55M 29.44M 29.48M 29.48M 29.26M 29.24M 29.33M 29.42M 30.38M 30.36M
Weighted Average Basic & Diluted Shares Outstanding
29.09M 29.09M 29.10M 29.18M 28.98M 28.92M 28.95M 28.96M 29.97M 30.03M 30.16M

Annual Cash Flow Statements for Dycom Industries

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 2026
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 1/31/2026
Net Change in Cash & Equivalents
0.62 13 5.22 44 -74 -46 299 -87 -123 -8.42 616
Net Cash From Operating Activities
142 276 256 124 58 382 309 165 259 349 643
Net Cash From Continuing Operating Activities
142 276 256 124 58 382 309 165 259 349 643
Net Income / (Loss) Continuing Operations
84 129 157 63 57 34 49 142 219 233 281
Consolidated Net Income / (Loss)
84 129 157 63 57 34 49 142 219 233 281
Depreciation Expense
96 125 148 180 188 176 153 144 163 199 270
Amortization Expense
1.64 17 21 23 24 10 4.49 2.84 2.98 4.43 4.18
Non-Cash Adjustments To Reconcile Net Income
-2.23 -73 -15 -148 -24 157 205 -24 59 80 -49
Changes in Operating Assets and Liabilities, net
-38 78 -54 6.95 -187 4.13 -102 -101 -185 -167 137
Net Cash From Investing Activities
-130 -333 -209 -161 -101 -45 -152 -184 -306 -395 -1,836
Net Cash From Continuing Investing Activities
-130 -333 -209 -161 -101 -45 -152 -184 -306 -395 -1,836
Purchase of Property, Plant & Equipment
-103 -186 -201 -165 -121 -58 -157 -201 -218 -250 -241
Acquisitions
-32 -157 -26 -21 - 0.00 0.00 -0.35 -123 -184 -1,629
Sale of Property, Plant & Equipment
9.39 11 16 23 19 13 5.36 17 35 39 34
Net Cash From Financing Activities
-11 70 -42 81 -31 -383 142 -67 -76 38 1,810
Net Cash From Continuing Financing Activities
-11 70 -42 81 -31 -383 142 -67 -76 38 1,810
Repayment of Debt
-472 -1,517 -686 -339 -505 -1,344 -342 -18 -781 -859 -1,713
Repurchase of Common Equity
-87 -170 -63 0.00 -0.30 -107 -107 -49 -50 -66 -30
Issuance of Debt
536 1,795 707 423 475 1,056 595 0.00 763 987 3,569
Other Financing Activities, net
13 -113 -0.93 -3.79 -0.81 12 -4.38 -1.20 -8.75 -25 -16
Cash Interest Paid
25 16 17 22 27 21 22 38 51 58 62
Cash Income Taxes Paid
39 31 88 6.40 12 45 8.60 6.92 97 62 84

Quarterly Cash Flow Statements for Dycom Industries

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 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026 Q2 2026 Q3 2026 Q4 2026 Q1 2027 Q2 2027
Period end date 1/27/2024 4/27/2024 7/27/2024 10/26/2024 1/25/2025 4/26/2025 7/26/2025 10/25/2025 1/31/2026 5/2/2026 8/1/2026
Net Change in Cash & Equivalents
85 -75 -6.58 -4.30 77 -77 12 82 599 -170 -199
Net Cash From Operating Activities
325 -37 -7.51 66 328 -54 57 220 419 -25 104
Net Cash From Continuing Operating Activities
325 -37 -7.51 66 328 -54 57 220 419 -25 104
Net Income / (Loss) Continuing Operations
23 63 68 70 33 61 97 106 16 91 116
Consolidated Net Income / (Loss)
23 63 68 70 33 61 97 106 16 91 116
Depreciation Expense
45 45 47 52 55 58 61 62 88 112 116
Amortization Expense
0.69 2.23 0.72 0.73 0.75 0.75 0.75 0.75 1.94 1.91 1.88
Non-Cash Adjustments To Reconcile Net Income
53 -2.25 -11 72 21 -24 -18 -23 16 -81 73
Changes in Operating Assets and Liabilities, net
203 -145 -112 -129 219 -150 -84 73 296 -148 -203
Net Cash From Investing Activities
-53 -42 -77 -216 -60 -69 -39 -48 -1,680 -80 -291
Net Cash From Continuing Investing Activities
-53 -42 -77 -216 -60 -69 -39 -48 -1,680 -80 -291
Purchase of Property, Plant & Equipment
-57 -42 -65 -75 -68 -79 -52 -55 -54 -70 -70
Acquisitions
- -13 -21 -150 - 0.00 - - -1,629 -13 -225
Sale of Property, Plant & Equipment
4.71 13 9.53 8.19 8.72 11 13 7.63 2.51 2.79 3.75
Net Cash From Financing Activities
-187 4.68 78 146 -191 46 -6.01 -91 1,861 -65 -11
Net Cash From Continuing Financing Activities
-187 4.68 78 146 -191 46 -6.01 -91 1,861 -65 -11
Repayment of Debt
-446 -69 -85 -318 -387 -196 -348 -90 -1,079 -0.10 -8.50
Other Financing Activities, net
0.72 -16 -0.07 -8.58 -0.19 -13 -2.01 -0.79 -0.62 -29 -2.68
Cash Interest Paid
8.78 17 8.08 22 11 19 9.20 19 16 41 11
Cash Income Taxes Paid
15 2.53 51 3.84 3.77 0.42 79 1.94 2.86 1.88 30

Annual Balance Sheets for Dycom Industries

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 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026
Period end date 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 1/31/2026
Total Assets
1,720 1,899 1,841 2,098 2,218 1,944 2,118 2,313 2,517 2,945 5,979
Total Current Assets
851 939 905 1,096 1,258 1,169 1,356 1,493 1,550 1,695 2,757
Cash & Equivalents
34 39 84 128 55 12 311 224 101 93 709
Accounts Receivable
328 370 319 625 817 858 896 1,067 1,243 1,374 1,697
Inventories, net
74 83 79 94 98 71 81 115 109 127 128
Current Deferred & Refundable Income Taxes
23 34 14 3.46 3.17 1.71 13 3.93 2.67 2.96 20
Other Current Assets
393 413 409 245 285 226 55 83 94 98 203
Plant, Property, & Equipment, net
327 422 415 425 377 274 295 368 445 542 575
Total Noncurrent Assets
542 539 521 576 583 502 467 453 522 709 2,647
Goodwill
310 322 322 326 326 272 272 273 312 330 1,443
Intangible Assets
198 184 171 161 140 119 102 87 109 220 926
Other Noncurrent Operating Assets
34 33 28 89 117 110 93 94 101 159 278
Total Liabilities & Shareholders' Equity
1,720 1,899 1,841 2,098 2,218 1,944 2,118 2,313 2,517 2,945 5,979
Total Liabilities
1,162 1,228 1,116 1,293 1,349 1,133 1,360 1,444 1,462 1,706 4,120
Total Current Liabilities
323 319 260 285 323 448 382 470 506 587 1,007
Short-Term Debt
13 22 26 5.63 23 82 18 18 18 10 4.00
Accounts Payable
115 133 92 119 120 159 156 208 222 223 497
Accrued Expenses
159 154 134 144 138 163 165 182 192 214 304
Current Deferred & Payable Income Tax Liabilities
15 1.11 0.76 0.72 0.34 6.39 0.23 15 3.86 31 0.77
Other Current Liabilities
20 9.28 6.48 15 43 39 43 47 71 109 201
Total Noncurrent Liabilities
840 909 856 1,008 1,026 684 978 975 956 1,119 3,113
Long-Term Debt
706 738 734 868 844 502 823 807 791 933 2,810
Noncurrent Deferred & Payable Income Tax Liabilities
77 104 57 66 76 48 56 60 50 32 85
Other Noncurrent Operating Liabilities
57 67 65 75 106 135 99 107 115 154 217
Total Equity & Noncontrolling Interests
557 672 725 804 869 811 759 869 1,055 1,239 1,859
Total Preferred & Common Equity
557 672 725 804 869 811 759 869 1,055 1,239 1,859
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
557 672 725 804 869 811 759 869 1,055 1,239 1,859
Common Stock
21 20 17 33 41 12 12 15 16 19 392
Retained Earnings
538 652 710 772 830 801 748 855 1,040 1,220 1,467

Quarterly Balance Sheets for Dycom Industries

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 Q1 2024 Q2 2024 Q3 2024 Q1 2025 Q2 2025 Q3 2025 Q1 2026 Q2 2026 Q3 2026 Q1 2027 Q2 2027
Period end date 4/29/2023 7/29/2023 10/28/2023 4/27/2024 7/27/2024 10/26/2024 4/26/2025 7/26/2025 10/25/2025 5/2/2026 8/1/2026
Total Assets
2,312 2,396 2,664 2,612 2,779 3,115 3,105 3,220 3,325 6,180 6,540
Total Current Assets
1,484 1,555 1,709 1,627 1,761 1,897 1,825 1,939 2,026 2,970 3,052
Cash & Equivalents
71 83 16 26 20 15 16 28 110 539 340
Accounts Receivable
1,185 1,214 1,461 1,373 1,507 1,661 1,528 1,588 1,587 1,981 2,278
Inventories, net
116 117 114 104 101 116 133 123 120 143 146
Current Deferred & Refundable Income Taxes
0.77 11 2.35 0.00 5.83 0.00 0.00 36 20 17 16
Other Current Assets
111 130 116 124 127 104 148 164 189 291 273
Plant, Property, & Equipment, net
374 393 431 458 483 515 567 565 568 592 614
Total Noncurrent Assets
453 447 525 527 536 703 713 716 731 2,618 2,874
Goodwill
273 273 310 315 320 332 331 333 333 1,457 1,599
Intangible Assets
83 80 116 108 109 228 208 196 184 868 935
Other Noncurrent Operating Assets
98 95 99 103 106 143 175 188 214 294 340
Total Liabilities & Shareholders' Equity
2,312 2,396 2,664 2,612 2,779 3,115 3,105 3,220 3,325 6,180 6,540
Total Liabilities
1,414 1,432 1,610 1,531 1,621 1,881 1,839 1,850 1,842 4,285 4,476
Total Current Liabilities
433 459 489 514 511 608 632 613 656 1,149 1,300
Short-Term Debt
18 18 18 18 0.00 5.00 15 20 20 6.00 28
Accounts Payable
196 205 215 213 234 241 259 265 297 667 610
Accrued Expenses
161 187 202 181 210 245 182 219 246 276 377
Current Deferred & Payable Income Tax Liabilities
6.09 0.00 2.81 11 0.00 24 45 0.00 0.00 0.00 0.00
Other Current Liabilities
52 50 51 90 68 94 130 109 93 201 285
Total Noncurrent Liabilities
981 972 1,121 1,017 1,110 1,273 1,207 1,237 1,185 3,135 3,176
Long-Term Debt
803 799 949 842 942 1,093 1,018 1,009 919 2,810 2,791
Noncurrent Deferred & Payable Income Tax Liabilities
62 61 58 52 44 32 32 68 85 96 105
Other Noncurrent Operating Liabilities
116 112 114 123 124 148 157 161 181 229 280
Total Equity & Noncontrolling Interests
897 964 1,054 1,081 1,158 1,234 1,266 1,370 1,483 1,896 2,064
Total Preferred & Common Equity
897 964 1,054 1,081 1,158 1,234 1,266 1,370 1,483 1,896 2,064
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
897 964 1,054 1,081 1,158 1,234 1,266 1,370 1,483 1,896 2,064
Common Stock
16 23 29 18 27 32 19 25 32 337 389
Retained Earnings
883 943 1,027 1,063 1,132 1,201 1,247 1,345 1,451 1,559 1,674

Annual Metrics And Ratios for Dycom Industries

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 2026
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 1/31/2026
DEI Shares Outstanding
- - - - - - - - - - 28,956,051.00
DEI Adjusted Shares Outstanding
- - - - - - - - - - 28,956,051.00
DEI Earnings Per Adjusted Shares Outstanding
- - - - - - - - - - 9.71
Growth Metrics
- - - - - - - - - - -
Profitability Metrics
- - - - - - - - - - -
Net Operating Profit after Tax (NOPAT)
96 154 173 83 86 40 75 166 242 258 325
Return On Investment Capital (ROIC_SIMPLE)
- - - - - - - 9.82% 12.99% 11.83% 6.95%
Earnings before Interest and Taxes (EBIT)
163 257 288 132 129 77 86 221 345 370 442
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)
260 400 457 335 341 263 243 368 511 573 715
Valuation Ratios
- - - - - - - - - - -
Leverage & Solvency
- - - - - - - - - - -
Liquidity Ratios
- - - - - - - - - - -
Cash Flow Metrics
- - - - - - - - - - -
Free Cash Flow to Firm (FCFF)
11 -82 23 0.00 -46 338 169 -15 -51 -69 -1,550
Efficiency Ratios
- - - - - - - - - - -
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 3,964
Increase / (Decrease) in Invested Capital
85 236 150 0.00 132 -298 -94 181 293 327 1,875
Book Value per Share
$14.88 $17.78 $21.61 $25.69 $27.55 $25.42 $25.13 $29.39 $35.95 $42.47 $64.21
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 ($17.62)
Total Capital
1,028 1,277 1,432 1,677 1,736 1,395 1,599 1,694 1,864 2,182 4,674
Total Debt
521 719 760 873 867 583 841 825 809 943 2,814
Total Long-Term Debt
517 706 738 868 844 502 823 807 791 933 2,810
Net Debt
499 686 721 745 812 572 530 601 708 851 2,105
Capital Expenditures (CapEx)
94 175 185 142 102 45 152 184 183 211 207
Debt-free, Cash-free Net Working Capital (DFCFNWC)
452 508 603 689 903 790 681 816 960 1,025 1,045
Debt-free Net Working Capital (DFNWC)
474 542 642 817 958 802 992 1,041 1,061 1,117 1,754
Net Working Capital (NWC)
470 529 620 811 935 720 974 1,023 1,044 1,107 1,750
Net Nonoperating Expense (NNE)
12 25 15 20 29 5.23 26 24 23 25 44
Net Nonoperating Obligations (NNO)
499 686 721 745 812 572 530 601 708 851 2,105
Total Depreciation and Amortization (D&A)
98 142 169 202 212 186 157 147 166 203 274
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 $9.68
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 29.06M
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 $9.56
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 29.42M
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
33.24M 31.43M 31.09M 31.44M 31.59M 30.62M 29.61M 29.36M 29.09M 28.98M 29.97M
Normalized Net Operating Profit after Tax (NOPAT)
96 154 173 83 86 70 75 166 242 258 325
Debt Service Ratios
- - - - - - - - - - -
Payout Ratios
- - - - - - - - - - -

Quarterly Metrics And Ratios for Dycom Industries

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

Metric Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026 Q2 2026 Q3 2026 Q4 2026 Q1 2027 Q2 2027
Period end date 1/27/2024 4/27/2024 7/27/2024 10/26/2024 1/25/2025 4/26/2025 7/26/2025 10/25/2025 1/31/2026 5/2/2026 8/1/2026
DEI Shares Outstanding
- - - - - - - - 28,956,051.00 29,970,067.00 30,031,455.00
DEI Adjusted Shares Outstanding
- - - - - - - - 28,956,051.00 29,970,067.00 30,031,455.00
DEI Earnings Per Adjusted Shares Outstanding
- - - - - - - - 0.56 3.05 3.85
Growth Metrics
- - - - - - - - - - -
Revenue Growth
3.81% 9.27% 15.51% 11.96% 13.87% 10.17% 14.54% 14.13% - 56.11% 45.57%
EBITDA Growth
14.70% 19.07% 18.85% -4.75% 24.85% 10.21% 32.04% 34.35% - 68.53% 48.58%
EBIT Growth
7.67% 16.53% 17.45% -13.92% 28.88% 2.62% 32.81% 41.66% - 53.54% 30.86%
NOPAT Growth
-5.95% 15.84% 15.32% -12.53% 25.68% 1.32% 38.56% 46.87% - 85.45% 38.68%
Net Income Growth
-5.61% 21.41% 13.53% -16.66% 39.51% -2.41% 42.52% 52.41% - 49.54% 18.62%
EPS Growth
-4.82% 22.54% 14.29% -15.96% 40.51% -1.42% 43.53% 53.16% - 43.54% 14.41%
Operating Cash Flow Growth
32.02% 56.06% -113.35% 276.55% 0.96% -44.30% 864.49% 234.43% - 54.44% 80.47%
Free Cash Flow Firm Growth
-77.46% -11.73% -151.09% 20.69% -9.94% -49.44% 40.03% 150.54% - -485.19% -996.16%
Invested Capital Growth
19.94% 16.24% 22.60% 15.51% 18.56% 19.24% 13.89% -0.15% - 82.79% 91.68%
Revenue Q/Q Growth
-16.17% 19.95% 5.31% 5.73% -14.74% 16.05% 9.48% 5.36% - 34.80% 2.09%
EBITDA Q/Q Growth
-45.28% 48.44% 14.54% 2.37% -28.27% 31.04% 37.22% 4.16% - 84.83% 20.98%
EBIT Q/Q Growth
-62.97% 92.99% 22.33% -1.54% -44.56% 53.67% 58.32% 5.02% - 194.56% 34.94%
NOPAT Q/Q Growth
-64.56% 107.51% 14.65% 3.73% -49.07% 67.30% 56.79% 9.95% - 175.13% 17.25%
Net Income Q/Q Growth
-72.03% 167.12% 9.35% 2.03% -53.19% 86.86% 59.68% 9.11% - 460.30% 26.67%
EPS Q/Q Growth
-71.99% 168.35% 9.43% 2.16% -53.16% 88.29% 59.33% 9.01% - 488.24% 27.00%
Operating Cash Flow Q/Q Growth
972.39% -111.50% 79.91% 975.58% 398.88% -116.44% 206.44% 283.03% - -105.87% 521.65%
Free Cash Flow Firm Q/Q Growth
11.06% 22.74% -52.76% 24.45% -23.30% -5.02% 38.70% 163.67% - 3.45% -14.83%
Invested Capital Q/Q Growth
-12.10% 8.62% 8.71% 11.29% -9.78% 9.24% 3.84% -2.43% - 5.25% 8.89%
Profitability Metrics
- - - - - - - - - - -
Gross Margin
16.91% 19.33% 20.80% 100.00% 272.84% 19.66% 22.32% 22.06% - 19.68% 21.96%
EBITDA Margin
9.74% 12.05% 13.11% 12.69% 10.68% 12.06% 15.12% 14.94% - 13.02% 15.43%
Operating Margin
4.49% 7.09% 8.65% 8.00% 4.95% 6.78% 10.15% 10.38% - 7.32% 9.57%
EBIT Margin
4.91% 7.90% 9.18% 8.55% 5.56% 7.36% 10.64% 10.61% - 7.24% 9.57%
Profit (Net Income) Margin
2.46% 5.48% 5.69% 5.49% 3.01% 4.85% 7.07% 7.33% - 4.65% 5.76%
Tax Burden Percent
73.70% 80.77% 72.14% 76.45% 73.86% 77.67% 74.35% 75.83% - 85.55% 75.10%
Interest Burden Percent
67.93% 85.78% 85.85% 83.95% 73.37% 84.84% 89.39% 91.05% - 75.02% 80.22%
Effective Tax Rate
26.30% 19.23% 27.86% 23.55% 26.14% 22.33% 25.65% 24.17% - 14.45% 24.90%
Return on Invested Capital (ROIC)
8.56% 13.75% 14.64% 12.94% 8.92% 12.10% 16.93% 17.60% - 12.12% 14.31%
ROIC Less NNEP Spread (ROIC-NNEP)
7.32% 13.38% 13.84% 12.15% 8.03% 11.53% 16.25% 16.77% - 10.20% 12.67%
Return on Net Nonoperating Assets (RNNOA)
4.98% 10.71% 10.80% 10.80% 5.45% 9.09% 12.36% 11.80% - 10.62% 12.84%
Return on Equity (ROE)
13.53% 24.46% 25.43% 23.74% 14.38% 21.19% 29.29% 29.40% - 22.75% 27.14%
Cash Return on Invested Capital (CROIC)
-3.15% -0.91% -6.48% -2.81% -3.58% -5.21% -0.06% 14.17% - -46.77% -50.67%
Operating Return on Assets (OROA)
8.49% 13.72% 15.73% 13.52% 9.57% 12.41% 17.72% 17.05% - 9.75% 13.49%
Return on Assets (ROA)
4.25% 9.50% 9.74% 8.68% 5.19% 8.18% 11.78% 11.77% - 6.26% 8.13%
Return on Common Equity (ROCE)
13.53% 24.46% 25.43% 23.74% 14.38% 21.19% 29.29% 29.40% - 22.75% 27.14%
Return on Equity Simple (ROE_SIMPLE)
0.00% 21.28% 20.55% 18.17% 0.00% 18.32% 0.00% 0.00% - 0.00% 0.00%
Net Operating Profit after Tax (NOPAT)
32 65 75 78 40 66 104 114 45 123 144
NOPAT Margin
3.31% 5.73% 6.24% 6.12% 3.65% 5.27% 7.55% 7.87% - 6.26% 7.19%
Net Nonoperating Expense Percent (NNEP)
1.24% 0.37% 0.80% 0.79% 0.89% 0.57% 0.67% 0.83% - 1.92% 1.64%
Return On Investment Capital (ROIC_SIMPLE)
1.69% - - - 1.82% 2.88% 4.33% 4.72% 0.96% 2.61% 2.95%
Cost of Revenue to Revenue
83.09% 80.67% 79.20% 0.00% -172.84% 80.34% 77.68% 77.94% - 80.32% 78.04%
SG&A Expenses to Revenue
7.66% 8.28% 8.28% 8.71% 8.12% 8.24% 7.75% 7.39% - 6.68% 6.63%
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
12.42% 12.23% 12.15% 92.00% 267.89% 12.88% 12.17% 11.67% - 12.37% 12.39%
Earnings before Interest and Taxes (EBIT)
47 90 110 109 60 93 147 154 48 142 192
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)
93 138 158 161 116 152 208 217 138 256 309
Valuation Ratios
- - - - - - - - - - -
Price to Book Value (P/BV)
3.20 3.84 4.47 4.53 4.54 3.78 5.59 5.70 - 6.86 5.84
Price to Tangible Book Value (P/TBV)
5.33 6.32 7.10 8.30 8.17 6.58 9.10 8.75 - 0.00 0.00
Price to Revenue (P/Rev)
0.81 0.97 1.17 1.22 1.20 0.99 1.53 1.63 - 2.08 1.75
Price to Earnings (P/E)
15.44 18.06 21.74 24.94 24.10 20.64 29.33 28.41 - 41.73 36.55
Dividend Yield
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% - 0.00% 0.00%
Earnings Yield
6.48% 5.54% 4.60% 4.01% 4.15% 4.84% 3.41% 3.52% - 2.40% 2.74%
Enterprise Value to Invested Capital (EV/IC)
2.32 2.60 2.93 2.88 3.10 2.54 3.65 4.01 - 3.66 3.20
Enterprise Value to Revenue (EV/Rev)
0.98 1.17 1.38 1.46 1.38 1.20 1.73 1.79 - 2.44 2.11
Enterprise Value to EBITDA (EV/EBITDA)
8.00 9.36 10.93 12.14 11.31 9.89 13.58 13.40 - 18.64 15.78
Enterprise Value to EBIT (EV/EBIT)
11.86 13.95 16.31 18.73 17.52 15.60 21.20 20.46 - 31.09 27.07
Enterprise Value to NOPAT (EV/NOPAT)
16.88 19.84 23.34 26.67 25.08 22.42 30.08 28.62 - 40.17 34.46
Enterprise Value to Operating Cash Flow (EV/OCF)
15.78 16.26 25.11 19.29 18.55 17.45 21.78 16.83 - 22.73 20.23
Enterprise Value to Free Cash Flow (EV/FCFF)
0.00 0.00 0.00 0.00 0.00 0.00 0.00 28.32 - 0.00 0.00
Leverage & Solvency
- - - - - - - - - - -
Debt to Equity
0.77 0.80 0.81 0.89 0.76 0.82 0.75 0.63 - 1.49 1.37
Long-Term Debt to Equity
0.75 0.78 0.81 0.89 0.75 0.80 0.74 0.62 - 1.48 1.35
Financial Leverage
0.68 0.80 0.78 0.89 0.68 0.79 0.76 0.70 - 1.04 1.01
Leverage Ratio
2.51 2.49 2.44 2.53 2.38 2.44 2.37 2.37 - 2.94 2.84
Compound Leverage Factor
1.71 2.14 2.09 2.12 1.75 2.07 2.12 2.16 - 2.20 2.28
Debt to Total Capital
43.41% 44.31% 44.86% 47.09% 43.22% 44.92% 42.90% 38.78% - 59.76% 57.74%
Short-Term Debt to Total Capital
0.94% 0.90% 0.00% 0.21% 0.46% 0.65% 0.83% 0.83% - 0.13% 0.58%
Long-Term Debt to Total Capital
42.47% 43.41% 44.86% 46.87% 42.76% 44.27% 42.07% 37.95% - 59.64% 57.16%
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
56.59% 55.69% 55.14% 52.91% 56.78% 55.08% 57.10% 61.22% - 40.24% 42.26%
Debt to EBITDA
1.58 1.61 1.69 2.00 1.65 1.76 1.61 1.36 - 3.44 3.06
Net Debt to EBITDA
1.39 1.57 1.65 1.97 1.49 1.73 1.57 1.20 - 2.78 2.69
Long-Term Debt to EBITDA
1.55 1.58 1.69 1.99 1.63 1.73 1.58 1.33 - 3.43 3.03
Debt to NOPAT
3.34 3.42 3.61 4.39 3.65 3.99 3.58 2.90 - 7.41 6.69
Net Debt to NOPAT
2.92 3.32 3.53 4.33 3.29 3.93 3.48 2.56 - 5.99 5.88
Long-Term Debt to NOPAT
3.27 3.35 3.61 4.37 3.61 3.93 3.51 2.84 - 7.39 6.62
Altman Z-Score
4.18 4.46 4.75 4.40 4.67 4.24 5.26 5.57 - 3.61 3.44
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
3.06 3.17 3.44 3.12 2.89 2.89 3.16 3.09 - 2.58 2.35
Quick Ratio
2.66 2.72 2.99 2.76 2.50 2.44 2.64 2.59 - 2.19 2.01
Cash Flow Metrics
- - - - - - - - - - -
Free Cash Flow to Firm (FCFF)
-262 -202 -309 -233 -288 -302 -185 118 -1,830 -1,767 -2,029
Operating Cash Flow to CapEx
617.40% -127.82% -13.44% 99.09% 549.13% -78.67% 146.94% 462.34% - -36.41% 157.61%
Free Cash Flow to Firm to Interest Expense
-17.43 -15.74 -19.76 -13.36 -17.91 -21.50 -11.90 8.55 - -49.72 -53.45
Operating Cash Flow to Interest Expense
21.67 -2.91 -0.48 3.77 20.45 -3.84 3.69 15.96 - -0.69 2.73
Operating Cash Flow Less CapEx to Interest Expense
18.16 -5.19 -4.06 -0.03 16.72 -8.73 1.18 12.51 - -2.59 1.00
Efficiency Ratios
- - - - - - - - - - -
Asset Turnover
1.73 1.74 1.71 1.58 1.72 1.69 1.66 1.61 - 1.35 1.41
Accounts Receivable Turnover
3.61 3.34 3.26 2.93 3.59 3.32 3.23 3.19 - 3.56 3.56
Inventory Turnover
30.08 31.23 32.52 23.18 0.00 0.76 1.85 11.34 - 36.00 40.74
Fixed Asset Turnover
10.28 10.26 10.12 9.67 9.53 9.40 9.53 9.55 - 10.79 11.68
Accounts Payable Turnover
15.64 16.77 16.21 11.69 0.00 0.38 0.83 4.98 - 10.74 12.50
Days Sales Outstanding (DSO)
100.97 109.25 112.03 124.70 101.57 109.87 113.14 114.60 - 102.41 102.54
Days Inventory Outstanding (DIO)
12.14 11.69 11.22 15.74 0.00 483.23 197.28 32.18 - 10.14 8.96
Days Payable Outstanding (DPO)
23.34 21.76 22.52 31.24 0.00 962.95 439.35 73.37 - 33.98 29.20
Cash Conversion Cycle (CCC)
89.77 99.18 100.74 109.20 101.57 -369.85 -128.94 73.41 - 78.57 82.30
Capital & Investment Metrics
- - - - - - - - - - -
Invested Capital
1,762 1,914 2,081 2,316 2,090 2,283 2,370 2,313 3,964 4,173 4,544
Invested Capital Turnover
2.58 2.40 2.35 2.12 2.44 2.30 2.24 2.24 - 1.94 1.99
Increase / (Decrease) in Invested Capital
293 267 384 311 327 368 289 -3.53 1,875 1,890 2,173
Enterprise Value (EV)
4,087 4,987 6,099 6,672 6,477 5,804 8,657 9,283 - 15,272 14,524
Market Capitalization
3,379 4,153 5,176 5,590 5,626 4,787 7,656 8,453 - 12,995 12,045
Book Value per Share
$35.95 $37.15 $39.82 $42.39 $42.47 $43.69 $47.35 $51.23 $64.21 $63.25 $68.72
Tangible Book Value per Share
$21.60 $22.58 $25.05 $23.15 $23.62 $25.12 $29.08 $33.39 ($17.62) ($14.32) ($15.66)
Total Capital
1,864 1,941 2,101 2,331 2,182 2,299 2,399 2,423 4,674 4,711 4,884
Total Debt
809 860 942 1,098 943 1,033 1,029 939 2,814 2,816 2,820
Total Long-Term Debt
791 842 942 1,093 933 1,018 1,009 919 2,810 2,810 2,791
Net Debt
708 834 923 1,083 851 1,017 1,001 829 2,105 2,277 2,480
Capital Expenditures (CapEx)
53 29 56 66 60 69 39 48 52 68 66
Debt-free, Cash-free Net Working Capital (DFCFNWC)
960 1,105 1,230 1,278 1,025 1,192 1,318 1,279 1,045 1,288 1,441
Debt-free Net Working Capital (DFNWC)
1,061 1,131 1,250 1,293 1,117 1,208 1,346 1,390 1,754 1,827 1,781
Net Working Capital (NWC)
1,044 1,113 1,250 1,288 1,107 1,193 1,326 1,370 1,750 1,821 1,752
Net Nonoperating Expense (NNE)
8.12 2.89 6.64 8.05 6.97 5.27 6.49 7.95 28 32 29
Net Nonoperating Obligations (NNO)
708 834 923 1,083 851 1,017 1,001 829 2,105 2,277 2,480
Total Depreciation and Amortization (D&A)
46 47 47 53 56 59 62 63 90 114 118
Debt-free, Cash-free Net Working Capital to Revenue
22.99% 25.85% 27.74% 27.97% 21.80% 24.73% 26.39% 24.73% - 20.60% 20.94%
Debt-free Net Working Capital to Revenue
25.42% 26.47% 28.18% 28.30% 23.77% 25.07% 26.96% 26.86% - 29.22% 25.88%
Net Working Capital to Revenue
25.00% 26.06% 28.18% 28.19% 23.55% 24.76% 26.56% 26.47% - 29.13% 25.47%
Earnings Adjustments
- - - - - - - - - - -
Adjusted Basic Earnings per Share
$0.81 $2.15 $2.35 $2.39 $1.13 $2.11 $3.37 $3.67 $0.53 $3.05 $3.84
Adjusted Weighted Average Basic Shares Outstanding
29.33M 29.11M 29.10M 29.15M 29.11M 28.93M 28.94M 28.95M 29.06M 29.97M 30.08M
Adjusted Diluted Earnings per Share
$0.79 $2.12 $2.32 $2.37 $1.11 $2.09 $3.33 $3.63 $0.51 $3.00 $3.81
Adjusted Weighted Average Diluted Shares Outstanding
29.70M 29.55M 29.44M 29.48M 29.48M 29.26M 29.24M 29.33M 29.42M 30.38M 30.36M
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
29.09M 29.09M 29.10M 29.18M 28.98M 28.92M 28.95M 28.96M 29.97M 30.03M 30.16M
Normalized Net Operating Profit after Tax (NOPAT)
32 65 75 78 40 66 104 114 45 123 144
Normalized NOPAT Margin
3.31% 5.73% 6.24% 6.12% 3.65% 5.27% 7.55% 7.87% - 6.26% 7.19%
Pre Tax Income Margin
3.34% 6.78% 7.88% 7.18% 4.08% 6.25% 9.52% 9.66% - 5.43% 7.68%
Debt Service Ratios
- - - - - - - - - - -
EBIT to Interest Expense
3.12 7.03 7.07 6.23 3.76 6.60 9.43 11.18 - 4.00 5.06
NOPAT to Interest Expense
2.10 5.10 4.80 4.46 2.47 4.72 6.68 8.29 - 3.46 3.80
EBIT Less CapEx to Interest Expense
-0.39 4.75 3.49 2.43 0.03 1.71 6.91 7.72 - 2.10 3.32
NOPAT Less CapEx to Interest Expense
-1.41 2.82 1.23 0.66 -1.25 -0.16 4.17 4.84 - 1.56 2.07
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
22.68% 25.72% 24.84% 26.39% 28.12% 28.48% 25.30% 22.19% - 11.55% 10.91%

Financials Breakdown Chart

Key Financial Trends

Dycom Industries’ latest quarter shows strong revenue growth and improved profitability, but cash flow was pressured by a large working-capital build and a very capital-intensive balance sheet. In Q1 2027, revenue rose to $1.96 billion from $1.46 billion a year ago, while net income increased to $91.3 million from $16.3 million in the prior-year quarter. Over the last several quarters, Dycom has generally delivered higher sales and earnings, but the company’s cash generation has been volatile because of changes in receivables, payables, and debt activity.

What stands out most: operating margins are healthy, and the business is still profitable, but the company is carrying significant debt and has some signs of cash conversion stress in the newest quarter.

  • Revenue is growing quickly. Q1 2027 revenue increased about 35% year over year to $1.96 billion, up from $1.46 billion in Q1 2026.
  • Net income improved sharply. Q1 2027 net income of $91.3 million was well above $16.3 million in Q4 2026 and $61.0 million in Q1 2026.
  • Operating income remained solid. Q1 2027 operating income was $143.8 million, indicating the core business is still producing healthy profits.
  • Gross profit dollar growth is strong. Gross profit rose to $386.7 million in Q1 2027 from $264.9 million in Q4 2026 and $247.5 million in Q1 2026.
  • Cash on the balance sheet increased meaningfully. Cash and equivalents rose to $538.8 million in Q1 2027 from $110.1 million in Q3 2026 and $16.1 million in Q1 2026.
  • Share count has been fairly stable. Diluted shares in Q1 2027 were 30.38 million, only modestly above prior quarters, suggesting limited dilution pressure.
  • The company continues to invest in its business. Capital spending remains consistent, with quarterly capex generally in the $50 million to $80 million range, supporting operations and growth.
  • Balance sheet equity improved from the prior year. Total equity increased to $1.90 billion in Q1 2027 from $1.48 billion in Q3 2026, helped by higher retained earnings and stronger results.
  • Working capital remains a major swing factor. Accounts receivable are very large at $2.0 billion in Q1 2027, so collections will remain important to future cash flow.
  • Operating cash flow turned negative in the latest quarter. Q1 2027 operating cash flow was negative $24.6 million, down sharply from positive $419.0 million in Q4 2026.
  • Investing outflows remain heavy. Q1 2027 investing cash outflow was $80.4 million, including capex and acquisitions.
  • Debt remains substantial. Q1 2027 long-term debt was $2.81 billion, with total liabilities of $4.28 billion.
  • Interest expense is a meaningful burden. Q1 2027 interest expense was $35.5 million, and cash interest paid was $40.6 million.
  • Recent cash flow has been uneven quarter to quarter. Dycom swung from strong operating cash generation in Q4 2026 to negative operating cash flow in Q1 2027, showing that earnings do not always translate smoothly into cash.

Bottom line: Dycom appears to be in a growth phase with improving earnings and strong revenue momentum, which is encouraging for retail investors. However, the company’s heavy debt load and volatile quarterly cash flow mean investors should watch receivables, working capital, and free cash flow closely. If management can keep revenue growing while normalizing cash conversion, the fundamentals could look even stronger.

09/03/26 04:53 AM ETAI Generated. May Contain Errors.

Dycom Industries Financials - Frequently Asked Questions

According to the most recent income statement we have on file, Dycom Industries' fiscal year ends in January. Their fiscal year 2026 ended on January 31, 2026.

Dycom Industries' net income appears to be on an upward trend, with a most recent value of $281.19 million in 2026, rising from $84.32 million in 2015. The previous period was $233.41 million in 2025. See where experts think Dycom Industries is headed by visiting Dycom Industries' forecast page.

Dycom Industries' total operating income in 2026 was $425.07 million, based on the following breakdown:
  • Total Gross Profit: $1.14 billion
  • Total Operating Expenses: $715.05 million

Over the last 10 years, Dycom Industries' total revenue changed from $2.02 billion in 2015 to $5.55 billion in 2026, a change of 174.2%.

Dycom Industries' total liabilities were at $4.12 billion at the end of 2026, a 141.5% increase from 2025, and a 254.4% increase since 2016.

In the past 10 years, Dycom Industries' cash and equivalents has ranged from $11.77 million in 2021 to $709.17 million in 2026, and is currently $709.17 million as of their latest financial filing in 2026.

Over the last 10 years, Dycom Industries' book value per share changed from 14.88 in 2015 to 64.21 in 2026, a change of 331.5%.



Financial statements for NYSE:DY last updated on 8/27/2026 by MarketBeat.com Staff. New filings and market data are monitored continuously.
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