DYNYSEWater, Sewer, Pipeline, Comm & Power Line ConstructionFiscal year ends January 30
DYCOM INDUSTRIES INC
Financials through Q2 FY2027, quarter ended Aug 1, 2026Last filing: 10-Q on Aug 27, 2026
$254.39+0.78 (+0.31%)
Close on Oct 19, 2026
- Market cap
- $7.72B
- P/E (TTM)
- 23.1
- Dividend yield
- –
Margins
Share of revenue, fiscal years 2010 to 2026
Gross margin
20.6%+3.1 pts over 5 years
Net margin
5.1%+4.0 pts over 5 years
Growth rates
Compound annual growth to fiscal 2026
| Per year | 1 year | 3 years | 5 years | 10 years | Five-year pace |
|---|---|---|---|---|---|
| Revenue | +17.9% | +13.3% | +11.6% | +7.6% | |
| Gross profit | +22.3% | +20.7% | +15.4% | – | |
| Net income | +20.5% | +25.5% | +52.3% | +8.1% | |
| EPS, diluted | +20.7% | +26.3% | +55.0% | +9.4% | |
| Free cash flow | +307.3% | – | +4.4% | +16.2% |
Returns and balance sheet
10 fiscal years. Hover a measure to see how it is calculated.
| Measure | FY2015 | FY2021 | FY2026 | Trend |
|---|---|---|---|---|
| Return on equity | 17.0% | 4.1% | 18.2% | |
| Return on assets | 6.6% | 1.7% | 6.3% | |
| Current ratio | 3.07 | 2.61 | 2.74 | |
| Debt to equity | 1.03 | 0.72 | 1.51 | |
| Inventory turnover | – | 31.2× | 34.5× | |
| Capex to revenue | 5.1% | 1.8% | 4.3% | |
| Diluted shares | 35M | 32M | 29M |
Where the cash went
Fiscal 2022 to 2026, five years combined
Dycom Industries generated $1.72B from operations and spent $1.37B on capital expenditure, dividends and share buybacks. 78% of that went back into the business.
Generated
$1.72B
Used
$1.37B
Capital expenditure$1.07B78%Dividends$00%Share buybacks$300.35M22%
DuPont analysis
Return on equity split into margin, efficiency and leverage
Net margin5.1%
×Asset turnover1.24×
×Equity multiplier2.88×
=Return on equity, FY202618.2%
| Fiscal year | Net margin | Asset turnover | Equity multiplier | Return on equity |
|---|---|---|---|---|
| FY2026 | 5.1% | 1.24× | 2.88× | 18.2% |
| FY2025 | 5.0% | 1.72× | 2.38× | 20.4% |
| FY2024 | 5.2% | 1.73× | 2.51× | 22.8% |
| FY2023 | 3.7% | 1.72× | 2.72× | 17.5% |
| FY2022 | 1.6% | 1.54× | 2.59× | 6.2% |
| FY2021 | 1.1% | 1.54× | 2.48× | 4.1% |
| FY2017 | 5.1% | 1.69× | 2.95× | 25.6% |
| FY2016 | 4.8% | 1.74× | 2.89× | 24.2% |
| FY2015 | 4.2% | 1.58× | 2.59× | 17.0% |
Piotroski F-Score
Nine tests of profitability, balance sheet and efficiency, fiscal 2026 against fiscal 2025
7of 9 tests passed in fiscal 2026. Scores of 7 to 9 are usually read as strong.
- ProfitableNet income above zero$281.19M
- Cash generatingOperating cash flow above zero$642.50M
- Return on assets improvedROA up on the prior year9.3% → 9.5%
- Earnings backed by cashOperating cash flow above net income$642.50M vs $281.19M
- Less leverageLong-term debt to assets fell31.7% → 47.0%
- Better liquidityCurrent ratio rose2.89 → 2.74
- No dilutionShare count did not rise29M → 29M
- Gross margin improvedGross margin up on the prior year19.82% → 20.56%
- More efficientAsset turnover rose1.87 → 1.88