Dycom Inds Inc Financials
This page shows Dycom Inds Inc (DY) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 15 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).
Financial Health Signals
Based on FY2025 annual data. Scores normalized against common benchmarks. How we calculate these scores
Dycom Inds Inc's revenue grew 12.6% year-over-year to $4.7B, a solid pace of expansion. This earns a growth score of 65/100.
Dycom Inds Inc carries a low D/E ratio of 0.80, meaning only $0.80 of long-term debt for every $1 of shareholders' equity. This conservative leverage earns a score of 81/100, indicating a strong balance sheet with room for future borrowing.
With a current ratio of 2.89, Dycom Inds Inc holds $2.89 in current assets for every $1 of short-term obligations. This comfortable liquidity earns a score of 96/100.
While Dycom Inds Inc generated $349.1M in operating cash flow, capex of $250.5M consumed most of it, leaving $98.6M in free cash flow. This results in a low score of 11/100, reflecting heavy capital investment rather than weak cash generation.
Dycom Inds Inc earns a strong 18.4% return on equity (ROE), meaning it generates $18 of profit for every $100 of shareholders' equity. This efficient capital use earns a returns score of 74/100. This is down from 20.3% the prior year.
Dycom Inds Inc passes 5 of 9 financial strength tests. 3 of 4 profitability signals pass, 1 of 3 leverage/liquidity signals pass, 1 of 2 efficiency signals pass.
For every $1 of reported earnings, Dycom Inds Inc generates $1.50 in operating cash flow ($349.1M OCF vs $233.4M net income). This indicates profits are well-supported by actual cash generation, not accounting adjustments.
Key Financial Metrics
Dycom Inds Inc generated $4.7B in revenue in fiscal year 2025. This represents an increase of 12.6% from the prior year.
Dycom Inds Inc generated $98.6M in free cash flow in fiscal year 2025, representing cash available after capex. This represents an increase of 143.6% from the prior year.
Dycom Inds Inc reported $233.4M in net income in fiscal year 2025. This represents an increase of 6.6% from the prior year.
Dycom Inds Inc earned $7.92 per diluted share (EPS) in fiscal year 2025. This represents an increase of 7.5% from the prior year.
Dycom Inds Inc held $16.1M in cash against $1.0B in long-term debt as of fiscal year 2025.
Dycom Inds Inc had 29M shares outstanding in fiscal year 2025. This represents a decrease of 0.4% from the prior year.
Dycom Inds Inc's gross margin was 19.8% in fiscal year 2025, indicating the percentage of revenue retained after direct costs. This is up 0.3 percentage points from the prior year.
Dycom Inds Inc's net profit margin was 5.0% in fiscal year 2025, showing the share of revenue converted to profit. This is down 0.3 percentage points from the prior year.
Dycom Inds Inc's ROE was 18.4% in fiscal year 2025, measuring profit generated per dollar of shareholder equity. This is down 1.8 percentage points from the prior year.
Dycom Inds Inc spent $65.6M on share buybacks in fiscal year 2025, returning capital to shareholders by reducing shares outstanding. This represents an increase of 32.2% from the prior year.
Dycom Inds Inc invested $250.5M in capex in fiscal year 2025, funding long-term assets and infrastructure. This represents an increase of 14.6% from the prior year.
DY Income Statement
| Metric | Q3'26 | Q2'26 | Q1'26 | Q4'24 | Q3'25 | Q2'25 | Q1'25 | Q4'23 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $1.5B+5.4% | $1.4B+9.5% | $1.3B+32.1% | $952.5M-16.2% | $1.1B+9.1% | $1.0B-0.4% | $1.0B+14.0% | $917.5M |
| Cost of Revenue | $1.1B+5.7% | $1.1B+5.9% | $1.0B+27.8% | $791.4M-10.7% | $886.7M+6.8% | $830.4M-2.7% | $853.4M+11.5% | $765.7M |
| Gross Profit | $320.2M+4.1% | $307.5M+24.2% | $247.5M+53.7% | $161.1M-35.4% | $249.4M+18.2% | $211.1M+9.9% | $192.1M+26.5% | $151.8M |
| R&D Expenses | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| SG&A Expenses | $107.3M+0.5% | $106.8M+3.0% | $103.7M+42.1% | $73.0M-16.6% | $87.5M+3.2% | $84.8M+3.0% | $82.4M+14.4% | $72.0M |
| Operating Income | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Interest Expense | -$13.8M+11.4% | -$15.6M-10.8% | -$14.0M+6.4% | -$15.0M-7.5% | -$14.0M-13.6% | -$12.3M-8.0% | -$11.4M+1.6% | -$11.6M |
| Income Tax | $33.9M+0.8% | $33.6M+91.6% | $17.6M+110.0% | $8.4M-70.8% | $28.6M+33.1% | $21.5M+47.6% | $14.6M+106.0% | $7.1M |
| Net Income | $106.4M+9.1% | $97.5M+59.7% | $61.0M+160.7% | $23.4M-72.0% | $83.7M+39.0% | $60.2M+16.9% | $51.5M+107.7% | $24.8M |
| EPS (Diluted) | $3.63+9.0% | $3.33+59.3% | $2.09+164.6% | $0.79-72.0% | $2.82+38.9% | $2.03+17.3% | $1.73+108.4% | $0.83 |
DY Balance Sheet
| Metric | Q3'26 | Q2'26 | Q1'26 | Q4'24 | Q3'25 | Q2'25 | Q1'25 | Q4'23 |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $3.3B+3.3% | $3.2B+3.7% | $3.1B+23.4% | $2.5B-5.5% | $2.7B+11.2% | $2.4B+3.6% | $2.3B-0.1% | $2.3B |
| Current Assets | $2.0B+4.5% | $1.9B+6.3% | $1.8B+17.7% | $1.6B-9.3% | $1.7B+9.9% | $1.6B+4.8% | $1.5B-0.6% | $1.5B |
| Cash & Equivalents | $110.1M+286.9% | $28.5M+76.6% | $16.1M-84.1% | $101.1M+545.3% | $15.7M-81.2% | $83.4M+16.8% | $71.4M-68.2% | $224.2M |
| Inventory | $120.1M-2.0% | $122.6M-7.8% | $133.0M+22.5% | $108.6M-4.8% | $114.0M-2.7% | $117.2M+1.3% | $115.7M+0.7% | $115.0M |
| Accounts Receivable | $1.6B-0.1% | $1.6B+3.9% | $1.5B+22.9% | $1.2B-14.9% | $1.5B+20.3% | $1.2B+2.5% | $1.2B+11.0% | $1.1B |
| Goodwill | $332.6M0.0% | $332.6M+0.6% | $330.5M+5.9% | $312.0M+0.7% | $310.0M+13.7% | $272.5M0.0% | $272.5M0.0% | $272.5M |
| Total Liabilities | $1.8B-0.5% | $1.9B+0.6% | $1.8B+25.8% | $1.5B-9.2% | $1.6B+12.5% | $1.4B+1.2% | $1.4B-2.1% | $1.4B |
| Current Liabilities | $656.5M+7.1% | $612.7M-3.0% | $631.8M+24.8% | $506.3M+3.6% | $488.8M+6.4% | $459.4M+6.1% | $433.1M-7.8% | $469.6M |
| Long-Term Debt | $919.5M-8.9% | $1.0B-0.8% | $1.0B+28.6% | $791.4M-16.6% | $949.4M+18.8% | $799.4M-0.5% | $803.4M-0.5% | $807.4M |
| Total Equity | $1.5B+8.3% | $1.4B+8.2% | $1.3B+20.1% | $1.1B+0.1% | $1.1B+9.3% | $964.0M+7.4% | $897.4M+3.3% | $868.8M |
| Retained Earnings | $1.5B+7.9% | $1.3B+7.8% | $1.2B+19.9% | $1.0B+1.3% | $1.0B+8.9% | $942.8M+6.8% | $882.6M+3.2% | $855.1M |
DY Cash Flow Statement
| Metric | Q3'26 | Q2'26 | Q1'26 | Q4'24 | Q3'25 | Q2'25 | Q1'25 | Q4'23 |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $220.0M+283.0% | $57.4M+206.4% | -$54.0M-116.6% | $325.1M+972.4% | -$37.3M-166.2% | $56.3M+166.1% | -$85.1M-134.6% | $246.2M |
| Capital Expenditures | $55.2M+6.8% | $51.7M-35.0% | $79.5M+38.6% | $57.4M-14.7% | $67.2M+31.9% | $51.0M+18.8% | $42.9M-34.1% | $65.2M |
| Free Cash Flow | $164.8M+2763.8% | $5.8M+104.3% | -$133.5M-149.9% | $267.7M+356.2% | -$104.5M-2071.1% | $5.3M+104.1% | -$128.0M-170.7% | $181.1M |
| Investing Cash Flow | -$47.6M-21.7% | -$39.1M+43.0% | -$68.6M-30.3% | -$52.7M+70.7% | -$179.9M-350.3% | -$40.0M-18.9% | -$33.6M+46.3% | -$62.6M |
| Financing Cash Flow | -$90.8M-1410.9% | -$6.0M-113.1% | $45.9M+124.6% | -$187.0M-225.1% | $149.5M+3551.7% | -$4.3M+87.3% | -$34.1M-37.9% | -$24.7M |
| Dividends Paid | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Share Buybacks | $0 | $0-100.0% | $30.2M+2.8% | $29.4M | $0 | $0-100.0% | $20.3M+0.5% | $20.2M |
DY Financial Ratios
| Metric | Q3'26 | Q2'26 | Q1'26 | Q4'24 | Q3'25 | Q2'25 | Q1'25 | Q4'23 |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | 22.1%-0.3pp | 22.3%+2.7pp | 19.7%+2.7pp | 16.9%-5.0pp | 22.0%+1.7pp | 20.3%+1.9pp | 18.4%+1.8pp | 16.6% |
| Operating Margin | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Net Margin | 7.3%+0.3pp | 7.1%+2.2pp | 4.9%+2.4pp | 2.5%-4.9pp | 7.4%+1.6pp | 5.8%+0.9pp | 4.9%+2.2pp | 2.7% |
| Return on Equity | 7.2%+0.1pp | 7.1%+2.3pp | 4.8%+2.6pp | 2.2%-5.7pp | 7.9%+1.7pp | 6.3%+0.5pp | 5.7%+2.9pp | 2.9% |
| Return on Assets | 3.2%+0.2pp | 3.0%+1.1pp | 2.0%+1.0pp | 0.9%-2.2pp | 3.1%+0.6pp | 2.5%+0.3pp | 2.2%+1.2pp | 1.1% |
| Current Ratio | 3.09-0.1 | 3.16+0.3 | 2.89-0.2 | 3.06-0.4 | 3.50+0.1 | 3.38-0.0 | 3.43+0.2 | 3.18 |
| Debt-to-Equity | 0.62-0.1 | 0.74-0.1 | 0.80+0.1 | 0.75-0.2 | 0.90+0.1 | 0.83-0.1 | 0.90-0.0 | 0.93 |
| FCF Margin | 11.3%+10.9pp | 0.4%+11.0pp | -10.6%-38.7pp | 28.1%+37.3pp | -9.2%-9.7pp | 0.5%+12.8pp | -12.3%-32.0pp | 19.7% |
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Frequently Asked Questions
What is Dycom Inds Inc's annual revenue?
Dycom Inds Inc (DY) reported $4.7B in total revenue for fiscal year 2025. This represents a 12.6% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.
How fast is Dycom Inds Inc's revenue growing?
Dycom Inds Inc (DY) revenue grew by 12.6% year-over-year, from $4.2B to $4.7B in fiscal year 2025.
Is Dycom Inds Inc profitable?
Yes, Dycom Inds Inc (DY) reported a net income of $233.4M in fiscal year 2025, with a net profit margin of 5.0%.
What is Dycom Inds Inc's earnings per share (EPS)?
Dycom Inds Inc (DY) reported diluted earnings per share of $7.92 for fiscal year 2025. This represents a 7.5% change compared to the previous fiscal year. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.
How much debt does Dycom Inds Inc have?
As of fiscal year 2025, Dycom Inds Inc (DY) had $16.1M in cash and equivalents against $1.0B in long-term debt.
What is Dycom Inds Inc's gross margin?
Dycom Inds Inc (DY) had a gross margin of 19.8% in fiscal year 2025, indicating the percentage of revenue retained after direct costs of goods sold.
What is Dycom Inds Inc's net profit margin?
Dycom Inds Inc (DY) had a net profit margin of 5.0% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.
What is Dycom Inds Inc's return on equity (ROE)?
Dycom Inds Inc (DY) has a return on equity of 18.4% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.
What is Dycom Inds Inc's free cash flow?
Dycom Inds Inc (DY) generated $98.6M in free cash flow during fiscal year 2025. This represents a 143.6% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.
What is Dycom Inds Inc's operating cash flow?
Dycom Inds Inc (DY) generated $349.1M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.
What are Dycom Inds Inc's total assets?
Dycom Inds Inc (DY) had $3.1B in total assets as of fiscal year 2025, including both current and long-term assets.
What are Dycom Inds Inc's capital expenditures?
Dycom Inds Inc (DY) invested $250.5M in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.
Does Dycom Inds Inc buy back shares?
Yes, Dycom Inds Inc (DY) spent $65.6M on share buybacks during fiscal year 2025, returning capital to shareholders by reducing shares outstanding.
How many shares does Dycom Inds Inc have outstanding?
Dycom Inds Inc (DY) had 29M shares outstanding as of fiscal year 2025.
What is Dycom Inds Inc's current ratio?
Dycom Inds Inc (DY) had a current ratio of 2.89 as of fiscal year 2025, which is generally considered healthy.
What is Dycom Inds Inc's debt-to-equity ratio?
Dycom Inds Inc (DY) had a debt-to-equity ratio of 0.80 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is Dycom Inds Inc's return on assets (ROA)?
Dycom Inds Inc (DY) had a return on assets of 7.5% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.
What is Dycom Inds Inc's Piotroski F-Score?
Dycom Inds Inc (DY) has a Piotroski F-Score of 5 out of 9, indicating neutral financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7–9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
Are Dycom Inds Inc's earnings high quality?
Dycom Inds Inc (DY) has an earnings quality ratio of 1.50x, considered cash-backed (high quality). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.
How financially healthy is Dycom Inds Inc?
Dycom Inds Inc (DY) scores 65 out of 100 on our Financial Profile, indicating strong overall financial health. This composite score evaluates six dimensions: profitability (operating margin), revenue growth, leverage (debt-to-equity), liquidity (current ratio), cash flow quality (free cash flow margin), and shareholder returns (return on equity). Each dimension is normalized against standard financial benchmarks. Learn more in our complete guide to financial health indicators.