Dycom Industries, Inc. (DY) Financials
A multiple compares the market's price with a filed figure; it says what the market pays, not how the business is doing. The market capitalization is the vendor's as of Sep 11, 2026; every other figure is from the SEC filings on this page. Not financial advice.
Newest figures come from the 10-Q for Q3 FY2027, filed Aug 27, 2026. Each column of the statement tables below links to the filing it was taken from, and every filing is listed on the DY SEC filings page.
Dycom Industries, Inc. (DY) reported $6.9B in revenue over the twelve months to Aug 1, 2026, up 37.8% from the prior twelve months. This page shows its 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).
Revenue growth is paired with expanding gross margins, but FY2026’s debt-funded balance-sheet step-up changes the operating profile.
Cash conversion strengthened materially: FY2026 operating cash flow reached$643M against$281M of net income, indicating accounting earnings were converted into cash at a high rate. Yet financial leverage rose as debt-to-equity moved from 0.8x in FY2025 to 1.5x in FY2026, indicating the large balance-sheet expansion was financed beyond that year’s internally generated cash.
Margin expansion was front-loaded: gross margin rose from
Capital intensity remains meaningful: FY2026 free cash flow of
Financial Health Signals
Scored against operating companies for FY2026. Each of the six dimensions is a percentile rank within that peer group; the overall is their average, with missing dimensions counted as zero out of six. A high score means strong standing among peers, not absolute cross-industry strength. How this score is calculated →
Health score ≠ stock price. This rates the quality of Dycom Industries, Inc.'s business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.
Not available for Dycom Industries, Inc., and counted as zero in the overall score.
Dycom Industries, Inc.'s revenue surged 17.9% year-over-year to $5.5B, reflecting rapid business expansion. This strong growth earns a score of 76/100.
Dycom Industries, Inc. has a moderate D/E ratio of 1.51. This balance of debt and equity financing earns a leverage score of 38/100.
With a current ratio of 2.74, Dycom Industries, Inc. holds $2.74 in current assets for every $1 of short-term obligations. This comfortable liquidity earns a score of 75/100.
Dycom Industries, Inc. has a free cash flow margin of 7.2%, earning a moderate score of 43/100. The company generates positive cash flow after capital investments, but with room for improvement.
Not available for Dycom Industries, Inc., and counted as zero in the overall score.
Dycom Industries, Inc. passes 4 of 9 financial strength tests. 3 of 4 profitability signals pass, no leverage/liquidity signals pass (rising debt, declining liquidity, or share dilution), 1 of 2 efficiency signals pass.
For every $1 of reported earnings, Dycom Industries, Inc. generates $2.29 in operating cash flow ($642.5M OCF vs $281.0M net income). This indicates profits are well-supported by actual cash generation, not accounting adjustments.
Key Financial Metrics
Earnings & Revenue
Dycom Industries, Inc. generated $2.0B in revenue in Q3 2027. This represents an increase of 38.2% from the same quarter a year earlier. Against the prior quarter it is up 2.1%.
Dycom Industries, Inc. reported $115.6M in net income in Q3 2027. This represents an increase of 8.7% from the same quarter a year earlier. Against the prior quarter it is up 26.7%.
Dycom Industries, Inc. earned $3.81 per diluted share (EPS) in Q3 2027. This represents an increase of 5.0% from the same quarter a year earlier. Against the prior quarter it is up 27.0%.
Not reported for Q3 2027.
Cash & Balance Sheet
Dycom Industries, Inc. generated $34.1M in free cash flow in Q3 2027, representing cash available after capex. This represents a decrease of 79.3% from the same quarter a year earlier. Against the prior quarter it is up 136.0%.
Dycom Industries, Inc. held $340.1M in cash against $2.8B in long-term debt as of Q3 2027.
Not reported for Q3 2027.
Margins & Returns
Dycom Industries, Inc.'s gross margin was 22.0% in Q3 2027, indicating the percentage of revenue retained after direct costs. This is down 0.1 percentage points from the same quarter a year earlier. Against the prior quarter it is up 2.3 percentage points.
Dycom Industries, Inc.'s net profit margin was 5.8% in Q3 2027, showing the share of revenue converted to profit. This is down 1.6 percentage points from the same quarter a year earlier. Against the prior quarter it is up 1.1 percentage points.
Dycom Industries, Inc.'s ROE was 5.6% in Q3 2027, measuring profit generated per dollar of shareholder equity. This is down 1.6 percentage points from the same quarter a year earlier. Against the prior quarter it is up 0.8 percentage points.
Not reported for Q3 2027.
Capital Allocation
Dycom Industries, Inc. repurchased no shares in Q3 2027. Against the prior quarter it is down 100.0%.
Dycom Industries, Inc. invested $69.5M in capex in Q3 2027, funding long-term assets and infrastructure. This represents an increase of 25.9% from the same quarter a year earlier. Against the prior quarter it is down 1.1%.
Not reported for Q3 2027.
DY Income Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q3'2710-Q | Q2'2710-Q | Q4'2610-Q | Q3'2610-Q | Q2'2610-Q | Q1'2610-Q | Q4'2510-K | Q3'2510-Q |
|---|---|---|---|---|---|---|---|---|
| Revenue | $2.0B+38.2% | $2.0B+42.6% | $1.5B+34.4% | $1.5B+14.1% | $1.4B+14.5% | $1.3B+10.2% | $1.1B+13.9% | $1.3B+12.0% |
| Cost of Revenue | $1.6B+38.3% | $1.6B+47.4% | $1.2B+34.3% | $1.1B+12.3% | $1.1B+12.3% | $1.0B+9.7% | $887.9M+12.2% | $1.0B+13.6% |
| Gross Profit | $440.6M+37.6% | $386.7M+25.8% | $264.9M+34.8% | $320.2M+21.0% | $307.5M+22.9% | $247.5M+12.1% | $196.6M+22.0% | $264.6M+6.1% |
| SG&A Expenses | $132.9M+23.9% | $131.3M+23.0% | $127.7M+44.9% | $107.3M-3.1% | $106.8M+7.2% | $103.7M+9.7% | $88.1M | $110.8M+26.6% |
| Interest Expense | -$38.0M-175.5% | -$35.5M-128.4% | -$23.1M-44.1% | -$13.8M+21.0% | -$15.6M-6.1% | -$14.0M-9.4% | -$16.1M | -$17.5M-25.1% |
| Income Tax | $38.3M+13.1% | $15.4M-54.2% | $1.6M-86.1% | $33.9M+57.6% | $33.6M+27.3% | $17.6M+17.9% | $11.6M | $21.5M-24.9% |
| Net Income | $115.6M+8.7% | $91.3M-6.4% | $16.1M-53.0% | $106.4M+52.4% | $97.5M+42.5% | $61.0M-2.4% | $34.3M+46.3% | $69.8M-16.7% |
| EPS (Basic) | $3.84+4.6% | $3.05-9.5% | $0.53-53.1% | $3.67+53.6% | $3.37+43.4% | $2.11-1.9% | $1.13+41.2% | $2.39-16.1% |
| EPS (Diluted) | $3.81+5.0% | $3.00-9.9% | $0.51-54.1% | $3.63+53.2% | $3.33+43.5% | $2.09-1.4% | $1.11+40.5% | $2.37-16.0% |
| Diluted Shares (Avg) | 30M+3.5% | 30M+3.9% | N/A | 29M-0.5% | 29M-0.7% | 29M-1.0% | N/A | 29M-0.7% |
Not reported in any period shown, so not listed: R&D Expenses, Operating Income, EBITDA.
DY Balance Sheet
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q3'2710-Q | Q2'2710-Q | Q4'2610-Q | Q3'2610-Q | Q2'2610-Q | Q1'2610-Q | Q4'2510-K | Q3'2510-Q |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $6.5B+96.7% | $6.2B+91.9% | $6.0B+103.0% | $3.3B+6.7% | $3.2B+15.8% | $3.1B+18.9% | $2.9B+17.0% | $3.1B+16.9% |
| Current Assets | $3.1B+50.7% | $3.0B+53.2% | $2.8B+62.7% | $2.0B+6.8% | $1.9B+10.1% | $1.8B+12.2% | $1.7B+9.3% | $1.9B+11.0% |
| Cash & Equivalents | $340.1M+208.9% | $538.8M+1793.3% | $709.2M+665.3% | $110.1M+621.1% | $28.5M+45.5% | $16.1M-38.3% | $92.7M-8.3% | $15.3M-2.5% |
| Short-Term Investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Inventory | $145.9M+21.5% | $143.3M+16.9% | $128.3M+0.9% | $120.1M+3.5% | $122.6M+21.0% | $133.0M+27.9% | $127.3M+17.2% | $116.0M+1.7% |
| Accounts Receivable | $2.3B+43.5% | $2.0B+24.7% | $1.7B+23.5% | $1.6B-4.5% | $1.6B+5.3% | $1.5B+11.3% | $1.4B+10.5% | $1.7B+13.7% |
| Long-Term Investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Goodwill | $1.6B+380.7% | $1.5B+338.0% | $1.4B+337.0% | $332.6M+0.1% | $332.6M+3.8% | $330.5M+4.8% | $330.3M+5.9% | $332.4M+7.2% |
| Total Liabilities | $4.5B+143.1% | $4.3B+131.6% | $4.1B+141.5% | $1.8B-2.1% | $1.9B+14.1% | $1.8B+20.1% | $1.7B+16.7% | $1.9B+16.8% |
| Current Liabilities | $1.3B+98.0% | $1.1B+87.6% | $1.0B+71.5% | $656.5M+7.9% | $612.7M+19.9% | $631.8M+23.0% | $587.2M+16.0% | $608.5M+24.5% |
| Non-Current Liabilities | $3.2B+168.0% | $3.1B+153.4% | $3.1B+178.2% | $1.2B-6.9% | $1.2B+11.5% | $1.2B+18.6% | $1.1B+17.1% | $1.3B+13.5% |
| Long-Term Debt | $2.8B+203.6% | $2.8B+178.4% | $2.8B+201.2% | $919.5M-15.9% | $1.0B+7.1% | $1.0B+20.8% | $933.2M+17.9% | $1.1B+15.1% |
| Total Equity | $2.1B+39.1% | $1.9B+38.4% | $1.9B+50.0% | $1.5B+20.2% | $1.4B+18.2% | $1.3B+17.2% | $1.2B+17.5% | $1.2B+17.1% |
| Retained Earnings | $1.7B+15.4% | $1.6B+15.9% | $1.5B+20.2% | $1.5B+20.8% | $1.3B+18.9% | $1.2B+17.3% | $1.2B+17.3% | $1.2B+17.0% |
DY Cash Flow Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q3'2710-Q | Q2'2710-Q | Q4'2610-Q | Q3'2610-Q | Q2'2610-Q | Q1'2610-Q | Q4'2510-K | Q3'2510-Q |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $103.7M-52.9% | -$24.6M-142.8% | $419.0M+27.7% | $220.0M+234.4% | $57.4M+864.5% | -$54.0M-44.3% | $328.2M+1.0% | $65.8M+276.6% |
| Depreciation & Amortization | $115.6M+86.0% | $111.6M+83.5% | $88.2M+60.9% | $62.2M+19.5% | $60.9M+30.7% | $58.4M+29.2% | $54.8M+20.9% | $52.0M+22.3% |
| Stock-Based Compensation | N/A | $10.6M | N/A | $7.1M0.0% | N/A | $9.1M+16.3% | N/A | $7.1M |
| Capital Expenditures | $69.5M+25.9% | $70.3M+36.0% | $54.4M-20.6% | $55.2M-26.0% | $51.7M-21.0% | $79.5M+89.5% | $68.5M+19.4% | $74.6M+10.9% |
| Free Cash Flow | $34.1M-79.3% | -$94.9M-1749.0% | $364.6M+40.4% | $164.8M+1975.6% | $5.8M+107.9% | -$133.5M-68.2% | $259.7M-3.0% | -$8.8M+91.6% |
| Investing Cash Flow | -$291.2M-512.0% | -$80.4M-105.5% | -$1.7B-2711.5% | -$47.6M+78.0% | -$39.1M+49.0% | -$68.6M-62.5% | -$59.8M-13.5% | -$216.5M-20.3% |
| Financing Cash Flow | -$11.2M+87.7% | -$65.4M-988.3% | $1.9B+1073.9% | -$90.8M-162.0% | -$6.0M-107.7% | $45.9M+881.7% | -$191.0M-2.2% | $146.4M-2.1% |
| Share Buybacks | $0 | $36.0M | $0-100.0% | $0 | $0 | $30.2M+1.3% | $35.9M+22.1% | $0 |
Not reported in any period shown, so not listed: Dividends Paid.
DY Financial Ratios
Margins and returns are percentages; the remaining ratios are unitless multiples. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q3'2710-Q | Q2'2710-Q | Q4'2610-Q | Q3'2610-Q | Q2'2610-Q | Q1'2610-Q | Q4'2510-K | Q3'2510-Q |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | 22.0%-0.1pp | 19.7%-2.6pp | 18.2%+0.1pp | 22.1%+1.3pp | 22.3%+1.5pp | 19.7%+0.3pp | 18.1%+1.2pp | 20.8%-1.2pp |
| Net Margin | 5.8%-1.6pp | 4.7%-2.4pp | 1.1%-2.1pp | 7.3%+1.8pp | 7.1%+1.4pp | 4.9%-0.6pp | 3.2%+0.7pp | 5.5%-1.9pp |
| Return on Equity | 5.6%-1.6pp | 4.8%-2.3pp | 0.9%-1.9pp | 7.2%+1.5pp | 7.1%+1.2pp | 4.8%-1.0pp | 2.8%+0.5pp | 5.7%-2.3pp |
| Return on Assets | 1.8%-1.4pp | 1.5%-1.6pp | 0.3%-0.9pp | 3.2%+1.0pp | 3.0%+0.6pp | 2.0%-0.4pp | 1.2%+0.2pp | 2.2%-0.9pp |
| Current Ratio | 2.35-0.7x | 2.58-0.6x | 2.74-0.1x | 3.090.0x | 3.16-0.3x | 2.89-0.3x | 2.89-0.2x | 3.12-0.4x |
| Debt-to-Equity | 1.35+0.7x | 1.48+0.7x | 1.51+0.8x | 0.62-0.3x | 0.74-0.1x | 0.800.0x | 0.750.0x | 0.890.0x |
| Asset Turnover | 0.31-0.1x | 0.32-0.1x | 0.24-0.1x | 0.440.0x | 0.430.0x | 0.410.0x | 0.370.0x | 0.410.0x |
| FCF Margin | 1.7%-9.7pp | -4.8%-5.3pp | 25.0%+1.1pp | 11.3%+12.0pp | 0.4%+6.5pp | -10.6%-3.6pp | 23.9%-4.2pp | -0.7%+8.5pp |
Not reported in any period shown, so not listed: Operating Margin.
Similar Companies
Newest fiscal year on record for each company. The health score is the peer-relative Financial Health Score for that year; a dash means no score is published for it.
| Company | Fiscal year | Revenue | Net income | Net margin | Market cap | Health score |
|---|---|---|---|---|---|---|
| Dycom Industries, Inc. DY | FY2026 | $5.5B | $281.0M | 5.1% | $9.3B | 39/100 |
| IES Holdings, Inc. IESC | FY2025 | $3.4B | $306.0M | 9.1% | $12.7B | 71/100 |
| Construction Partners, Inc. ROAD | FY2025 | $2.8B | $101.8M | 3.6% | $5.5B | 54/100 |
| Primoris Services Corporation PRIM | FY2025 | $7.6B | $274.9M | 3.6% | $3.9B | 63/100 |
| Fluor Corporation FLR | FY2025 | $15.5B | -$51.0M | -0.3% | $7.2B | 38/100 |
| KBR, Inc. KBR | FY2025 | $7.8B | $415.0M | 5.3% | $4.6B | 50/100 |
Where Dycom Industries, Inc. Ranks
Frequently Asked Questions
What is Dycom Industries, Inc.'s annual revenue?
Dycom Industries, Inc. (DY) reported $5.5B in total revenue for fiscal year 2026. This represents a 17.9% 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 Industries, Inc.'s revenue growing?
Dycom Industries, Inc. (DY) revenue grew by 17.9% year-over-year, from $4.7B to $5.5B in fiscal year 2026.
Is Dycom Industries, Inc. profitable?
Yes, Dycom Industries, Inc. (DY) reported a net income of $281.0M in fiscal year 2026, with a net profit margin of 5.1%.
How much debt does Dycom Industries, Inc. have?
As of fiscal year 2026, Dycom Industries, Inc. (DY) had $709.2M in cash and equivalents against $2.8B in long-term debt.
What is Dycom Industries, Inc.'s gross margin?
Dycom Industries, Inc. (DY) had a gross margin of 20.6% in fiscal year 2026, indicating the percentage of revenue retained after direct costs of goods sold.
What is Dycom Industries, Inc.'s net profit margin?
Dycom Industries, Inc. (DY) had a net profit margin of 5.1% in fiscal year 2026, representing the share of revenue converted into profit after all expenses.
What is Dycom Industries, Inc.'s return on equity (ROE)?
Dycom Industries, Inc. (DY) has a return on equity of 15.1% for fiscal year 2026, measuring how efficiently the company generates profit from shareholder equity.
What is Dycom Industries, Inc.'s free cash flow?
Dycom Industries, Inc. (DY) generated $401.7M in free cash flow during fiscal year 2026. This represents a 307.3% 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 Industries, Inc.'s operating cash flow?
Dycom Industries, Inc. (DY) generated $642.5M in operating cash flow during fiscal year 2026, representing cash generated from core business activities.
What are Dycom Industries, Inc.'s total assets?
Dycom Industries, Inc. (DY) had $6.0B in total assets as of fiscal year 2026, including both current and long-term assets.
What are Dycom Industries, Inc.'s capital expenditures?
Dycom Industries, Inc. (DY) invested $240.8M in capital expenditures during fiscal year 2026, funding long-term assets and infrastructure.
What is Dycom Industries, Inc.'s current ratio?
Dycom Industries, Inc. (DY) had a current ratio of 2.74 as of fiscal year 2026, which is generally considered healthy.
What is Dycom Industries, Inc.'s debt-to-equity ratio?
Dycom Industries, Inc. (DY) had a debt-to-equity ratio of 1.51 as of fiscal year 2026, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is Dycom Industries, Inc.'s return on assets (ROA)?
Dycom Industries, Inc. (DY) had a return on assets of 4.7% for fiscal year 2026, measuring how efficiently the company uses its assets to generate profit.
What is Dycom Industries, Inc.'s P/E ratio?
Dycom Industries, Inc. (DY) trades at 28.2x earnings, its market capitalization divided by net income of $329.4M net income, trailing 12 months to August 1, 2026. The market capitalization is $9.3B as of Sep 11, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.
What is Dycom Industries, Inc.'s price-to-sales ratio?
Dycom Industries, Inc. (DY) trades at 1.3x sales, its market capitalization divided by revenue of $6.9B revenue, trailing 12 months to August 1, 2026. The market capitalization is $9.3B as of Sep 11, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.
What is Dycom Industries, Inc.'s Piotroski F-Score?
Dycom Industries, Inc. (DY) has a Piotroski F-Score of 4 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 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
Are Dycom Industries, Inc.'s earnings high quality?
Dycom Industries, Inc. (DY) has an earnings quality ratio of 2.29x, 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 Industries, Inc.?
Dycom Industries, Inc. (DY) scores 39 out of 100 on our Financial Health Score, indicating weak standing within its operating companies peer group. The score is a 0-100 composite of six dimensions (Profitability, Growth, Leverage, Liquidity, Cash Flow, Returns), each ranked as a percentile relative to companies in the same scoring family (banks against banks, REITs against REITs, and so on) rather than across all industries. It rates the quality of the business, not whether the stock is fairly priced, and is not financial advice. Learn more in our complete guide to financial health indicators.