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Dycom Inds Inc Financials

DY
Source SEC Filings (10-K/10-Q) Data as of May 2, 2026 Currency USD FYE January

This page shows Dycom Inds Inc (DY) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 16 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).

Rhea AI DY FY2026

Debt-funded balance-sheet expansion and stronger cash conversion show growth came from more than day-to-day contract volume.

FY2026 looks less like a simple busy year and more like a step-change in business scale: goodwill rose to $1.44B while long-term debt climbed to $2.81B. Financing inflows of $1.81B almost matched investing outflows of $1.84B, pointing to an externally financed expansion rather than ordinary working-capital growth, even as cash generation still exceeded reported profit.

The core job mix appears to be getting more profitable at scale: gross margin improved from 15.9% in FY2022 to 20.6% in FY2026. Net margin held near 5.0% in FY2025 and 5.1% in FY2026, so the larger revenue base did not require proportionally heavier support costs.

This remains a receivables-heavy, inventory-light business: FY2026 accounts receivable were $1.70B against inventory of just $128.3M. In practice, that means cash timing is shaped more by customer collections than by stocking materials, which fits the company’s consistently solid operating cash flow relative to net income.

[ NOT FINANCIAL ADVICE ]

Financial Health Signals

Profitability Growth Leverage Liquidity Cash Flow Returns 38 / 100
Financial Health Score 38/100

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 Inds 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.

Growth
76

Dycom Inds 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.

Leverage
37

Dycom Inds Inc has a moderate D/E ratio of 1.48. This balance of debt and equity financing earns a leverage score of 37/100.

Liquidity
70

With a current ratio of 2.58, Dycom Inds Inc holds $2.58 in current assets for every $1 of short-term obligations. This comfortable liquidity earns a score of 70/100.

Cash Flow
45

Dycom Inds Inc has a free cash flow margin of 7.2%, earning a moderate score of 45/100. The company generates positive cash flow after capital investments, but with room for improvement.

Piotroski F-Score Neutral
4/9

Dycom Inds 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.

Earnings Quality Cash-Backed
2.29x

For every $1 of reported earnings, Dycom Inds 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

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Earnings & Revenue

Revenue
$5.5B
YoY+17.9%
5Y CAGR+11.6%
10Y CAGR+10.6%

Dycom Inds Inc generated $5.5B in revenue in fiscal year 2026. This represents an increase of 17.9% from the prior year.

EBITDA
N/A
Net Income
$281.0M
YoY+19.6%
5Y CAGR+52.3%
10Y CAGR+12.8%

Dycom Inds Inc reported $281.0M in net income in fiscal year 2026. This represents an increase of 19.6% from the prior year.

EPS (Diluted)
$9.56
YoY+20.7%
5Y CAGR+55.0%
10Y CAGR+14.8%

Dycom Inds Inc earned $9.56 per diluted share (EPS) in fiscal year 2026. This represents an increase of 20.7% from the prior year.

Cash & Balance Sheet

Free Cash Flow
$401.7M
YoY+307.3%
5Y CAGR+4.4%
10Y CAGR+26.3%

Dycom Inds Inc generated $401.7M in free cash flow in fiscal year 2026, representing cash available after capex. This represents an increase of 307.3% from the prior year.

Cash & Debt
$538.8M
YoY+3242.8%
5Y CAGR+10.3%
10Y CAGR+37.8%

Dycom Inds Inc held $538.8M in cash against $2.8B in long-term debt as of fiscal year 2026.

Dividends Per Share
N/A
Shares Outstanding
30M
YoY+3.4%
5Y CAGR-0.4%
10Y CAGR-1.0%

Dycom Inds Inc had 30M shares outstanding in fiscal year 2026. This represents an increase of 3.4% from the prior year.

Margins & Returns

Gross Margin
20.6%
YoY+0.7pp
5Y CAGR+3.1pp

Dycom Inds Inc's gross margin was 20.6% in fiscal year 2026, indicating the percentage of revenue retained after direct costs. This is up 0.7 percentage points from the prior year.

Operating Margin
N/A
Net Margin
5.1%
YoY+0.1pp
5Y CAGR+4.0pp
10Y CAGR+0.9pp

Dycom Inds Inc's net profit margin was 5.1% in fiscal year 2026, showing the share of revenue converted to profit. This is up 0.1 percentage points from the prior year.

Return on Equity
14.8%
YoY-3.7pp
5Y CAGR+10.6pp
10Y CAGR-0.7pp

Dycom Inds Inc's ROE was 14.8% in fiscal year 2026, measuring profit generated per dollar of shareholder equity. This is down 3.7 percentage points from the prior year.

Capital Allocation

R&D Spending
N/A
Share Buybacks
$30.2M
YoY-54.0%
5Y CAGR-21.3%
10Y CAGR-10.1%

Dycom Inds Inc spent $30.2M on share buybacks in fiscal year 2026, returning capital to shareholders by reducing shares outstanding. This represents a decrease of 54.0% from the prior year.

Capital Expenditures
$240.8M
YoY-3.9%
5Y CAGR+32.9%
10Y CAGR+8.9%

Dycom Inds Inc invested $240.8M in capex in fiscal year 2026, funding long-term assets and infrastructure. This represents a decrease of 3.9% from the prior year.

DY Income Statement

Metric Q2'27 Q4'26 Q3'26 Q2'26 Q1'26 Q4'25 Q3'25 Q2'25
Revenue $2.0B+34.8% $1.5B+0.4% $1.5B+5.4% $1.4B+9.5% $1.3B+16.1% $1.1B-14.7% $1.3B+5.7% $1.2B
Cost of Revenue $1.6B+32.3% $1.2B+5.4% $1.1B+5.7% $1.1B+5.9% $1.0B+13.9% $887.9M-11.9% $1.0B+5.7% $952.9M
Gross Profit $386.7M+46.0% $264.9M-17.3% $320.2M+4.1% $307.5M+24.2% $247.5M+25.9% $196.6M-25.7% $264.6M+5.8% $250.2M
R&D Expenses N/A N/A N/A N/A N/A N/A N/A N/A
SG&A Expenses $131.3M+2.9% $127.7M+19.0% $107.3M+0.5% $106.8M+3.0% $103.7M+17.7% $88.1M-20.5% $110.8M+11.2% $99.6M
Operating Income N/A N/A N/A N/A N/A N/A N/A N/A
Interest Expense -$35.5M-53.7% -$23.1M-67.8% -$13.8M+11.4% -$15.6M-10.8% -$14.0M+12.5% -$16.1M+8.0% -$17.5M-19.1% -$14.7M
Income Tax $15.4M+862.5% $1.6M-95.3% $33.9M+0.8% $33.6M+91.6% $17.6M+51.8% $11.6M-46.2% $21.5M-18.6% $26.4M
Net Income $91.3M+466.9% $16.1M-84.9% $106.4M+9.1% $97.5M+59.7% $61.0M+78.2% $34.3M-50.9% $69.8M+2.0% $68.4M
EPS (Diluted) $3.00 N/A $3.63+9.0% $3.33+59.3% $2.09 N/A $2.37+2.2% $2.32

DY Balance Sheet

Metric Q2'27 Q4'26 Q3'26 Q2'26 Q1'26 Q4'25 Q3'25 Q2'25
Total Assets $6.2B+3.4% $6.0B+79.8% $3.3B+3.3% $3.2B+3.7% $3.1B+5.4% $2.9B-5.4% $3.1B+12.1% $2.8B
Current Assets $3.0B+7.7% $2.8B+36.1% $2.0B+4.5% $1.9B+6.3% $1.8B+7.7% $1.7B-10.7% $1.9B+7.7% $1.8B
Cash & Equivalents $538.8M-24.0% $709.2M+544.1% $110.1M+286.9% $28.5M+76.6% $16.1M-82.6% $92.7M+506.9% $15.3M-22.0% $19.6M
Inventory $143.3M+11.6% $128.3M+6.9% $120.1M-2.0% $122.6M-7.8% $133.0M+4.5% $127.3M+9.7% $116.0M+14.5% $101.2M
Accounts Receivable $2.0B+16.7% $1.7B+6.9% $1.6B-0.1% $1.6B+3.9% $1.5B+11.2% $1.4B-17.3% $1.7B+10.2% $1.5B
Goodwill $1.5B+0.9% $1.4B+333.9% $332.6M0.0% $332.6M+0.6% $330.5M+0.1% $330.3M-0.6% $332.4M+3.7% $320.4M
Total Liabilities $4.3B+4.0% $4.1B+123.7% $1.8B-0.5% $1.9B+0.6% $1.8B+7.8% $1.7B-9.3% $1.9B+16.0% $1.6B
Current Liabilities $1.1B+14.1% $1.0B+53.4% $656.5M+7.1% $612.7M-3.0% $631.8M+7.6% $587.2M-3.5% $608.5M+19.1% $511.1M
Long-Term Debt $2.8B0.0% $2.8B+205.7% $919.5M-8.9% $1.0B-0.8% $1.0B+9.0% $933.2M-14.6% $1.1B+16.0% $942.4M
Total Equity $1.9B+2.0% $1.9B+25.3% $1.5B+8.3% $1.4B+8.2% $1.3B+2.2% $1.2B+0.4% $1.2B+6.5% $1.2B
Retained Earnings $1.6B+6.2% $1.5B+1.1% $1.5B+7.9% $1.3B+7.8% $1.2B+2.2% $1.2B+1.6% $1.2B+6.2% $1.1B

DY Cash Flow Statement

Metric Q2'27 Q4'26 Q3'26 Q2'26 Q1'26 Q4'25 Q3'25 Q2'25
Operating Cash Flow -$24.6M-105.9% $419.0M+90.4% $220.0M+283.0% $57.4M+206.4% -$54.0M-116.4% $328.2M+398.9% $65.8M+975.6% -$7.5M
Capital Expenditures $70.3M+29.3% $54.4M-1.5% $55.2M+6.8% $51.7M-35.0% $79.5M+16.1% $68.5M-8.2% $74.6M+14.0% $65.4M
Free Cash Flow -$94.9M-126.0% $364.6M+121.2% $164.8M+2763.8% $5.8M+104.3% -$133.5M-151.4% $259.7M+3055.8% -$8.8M+88.0% -$72.9M
Investing Cash Flow -$80.4M+95.2% -$1.7B-3431.1% -$47.6M-21.7% -$39.1M+43.0% -$68.6M-14.8% -$59.8M+72.4% -$216.5M-182.1% -$76.7M
Financing Cash Flow -$65.4M-103.5% $1.9B+2149.3% -$90.8M-1410.9% -$6.0M-113.1% $45.9M+124.0% -$191.0M-230.5% $146.4M+88.5% $77.7M
Dividends Paid N/A N/A N/A N/A N/A N/A N/A N/A
Share Buybacks $36.0M $0 $0 $0-100.0% $30.2M-15.8% $35.9M $0 $0

DY Financial Ratios

Metric Q2'27 Q4'26 Q3'26 Q2'26 Q1'26 Q4'25 Q3'25 Q2'25
Gross Margin 19.7%+1.5pp 18.2%-3.9pp 22.1%-0.3pp 22.3%+2.7pp 19.7%+1.5pp 18.1%-2.7pp 20.8%0.0pp 20.8%
Operating Margin N/A N/A N/A N/A N/A N/A N/A N/A
Net Margin 4.7%+3.6pp 1.1%-6.2pp 7.3%+0.3pp 7.1%+2.2pp 4.9%+1.7pp 3.2%-2.3pp 5.5%-0.2pp 5.7%
Return on Equity 4.8%+4.0pp 0.9%-6.3pp 7.2%+0.1pp 7.1%+2.3pp 4.8%+2.1pp 2.8%-2.9pp 5.7%-0.2pp 5.9%
Return on Assets 1.5%+1.2pp 0.3%-2.9pp 3.2%+0.2pp 3.0%+1.1pp 2.0%+0.8pp 1.2%-1.1pp 2.2%-0.2pp 2.5%
Current Ratio 2.58-0.2 2.74-0.3 3.09-0.1 3.16+0.3 2.890.0 2.89-0.2 3.12-0.3 3.44
Debt-to-Equity 1.48-0.0 1.51+0.9 0.62-0.1 0.74-0.1 0.80+0.1 0.75-0.1 0.89+0.1 0.81
FCF Margin -4.8%-29.8pp 25.0%+13.7pp 11.3%+10.9pp 0.4%+11.0pp -10.6%-34.5pp 23.9%+24.6pp -0.7%+5.4pp -6.1%

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Frequently Asked Questions

Dycom Inds 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.

Dycom Inds Inc (DY) revenue grew by 17.9% year-over-year, from $4.7B to $5.5B in fiscal year 2026.

Yes, Dycom Inds Inc (DY) reported a net income of $281.0M in fiscal year 2026, with a net profit margin of 5.1%.

Dycom Inds Inc (DY) reported diluted earnings per share of $9.56 for fiscal year 2026. This represents a 20.7% 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.

As of fiscal year 2026, Dycom Inds Inc (DY) had $538.8M in cash and equivalents against $2.8B in long-term debt.

Dycom Inds 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.

Dycom Inds 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.

Dycom Inds Inc (DY) has a return on equity of 14.8% for fiscal year 2026, measuring how efficiently the company generates profit from shareholder equity.

Dycom Inds 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.

Dycom Inds Inc (DY) generated $642.5M in operating cash flow during fiscal year 2026, representing cash generated from core business activities.

Dycom Inds Inc (DY) had $6.2B in total assets as of fiscal year 2026, including both current and long-term assets.

Dycom Inds Inc (DY) invested $240.8M in capital expenditures during fiscal year 2026, funding long-term assets and infrastructure.

Yes, Dycom Inds Inc (DY) spent $30.2M on share buybacks during fiscal year 2026, returning capital to shareholders by reducing shares outstanding.

Dycom Inds Inc (DY) had 30M shares outstanding as of fiscal year 2026.

Dycom Inds Inc (DY) had a current ratio of 2.58 as of fiscal year 2026, which is generally considered healthy.

Dycom Inds Inc (DY) had a debt-to-equity ratio of 1.48 as of fiscal year 2026, measuring the company's financial leverage by comparing total debt to shareholder equity.

Dycom Inds Inc (DY) had a return on assets of 4.5% for fiscal year 2026, measuring how efficiently the company uses its assets to generate profit.

Dycom Inds 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.

Dycom Inds 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.

Dycom Inds Inc (DY) scores 38 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.

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