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NYSE · WATER, SEWER, PIPELINE, COMM & POWER LINE CONSTRUCTION · LARGE CAP

Dycom Industries Inc. DY

16 fiscal years on record · USD · FY2025 reported · SEC filings only
$5.5B
▲ 17.9% YoY
$281.2M
▲ 20.5% YoY
$401.7M
▲ 307.3% YoY
In brief

What this company does

Dycom Industries, Inc. provides specialty contracting services for the digital infrastructure, telecommunications, and utilities industries throughout the United States. It is made up of 38 operating companies that serve customers across all 50 states from hundreds of field offices. As of January 31, 2026, it employed approximately 19,556 persons. During fiscal 2026, it derived approximately 25.4% of its total contract revenues from AT&T Inc., 14.0% from Verizon Communications, Inc., and 10.8% from Lumen Technologies Inc. Its operations are organized into two reportable segments, Communications and Building Systems. The Communications segment provides construction, maintenance, and installation services, including the placement and splicing of fiber, copper, and coaxial cables. The Building Systems segment provides building infrastructure solutions, including electrical, energy management, security, and fire safety systems for data centers and other critical facilities. Since its incorporation in the State of Florida in 1969, it has expanded its scope and service offerings organically and through acquisitions.

Written from the business description in Dycom Industries, Inc.'s annual report to the U.S. Securities and Exchange Commission, filed 9 March 2026. Every sentence was checked against that document before publication.

Growth
USD 5.5B
Revenue, FY2025 · full 16-year series below
Revenue $B Net income $B
FY2025 · Revenue 5.5 · Net income 0.3
2B4B201020122014201620182020202220242025
Compound annual growth
+13.3%
+11.6%
+10.6%
+12.2%
+25.5%
+52.3%
+12.8%
+29.5%
+26.3%
+55.0%
+14.8%
+31.9%
−15.9%
−22.5%
−10.3%
+12.6%
3 yrs
5 yrs
10 yrs
15 yrs

Revenue compounded at +11.6% a year over five years — but profit grew faster: net income at +52.3%, earnings per share at +55.0%.

The share count fell from 0.03B to 0.03B — the buyback concentrates the same profit into fewer slices.

Compound annual rates per period — left blank where that exact year isn't on file, the series crosses a loss, or (per-share rows) a split falls inside the window.

Profitability
5 cents
of every revenue dollar became profit
Operating margin Net margin
FY2025 · Operating 6.6% · Net 5.1%
2%4%6%201020122014201620182020202220242025
ROE
FY2025 · ROE 18.2%
10%20%201020122014201620182020202220242025
Gross margin20.6%
Operating margin6.6%
Net margin5.1%
Return on assets6.3%
EBITDAUSD 637.4M

Each USD of equity produced 18 cents of profit this year.

Cash & shareholders
USD 26.3M
returned in FY2025 · dividends + net buybacks
Free cash flow $M
FY2025 · FCF 401.7
200.0M400.0M-25.0M-50.0M201020122014201620182020202220242025
Net buybacks $M Dividends $M
FY2025 · Dividends — · Net buybacks 26.3
80M160M201020122014201620182020202220242025
Dividends paid—
Net buybacksUSD 26.3M
Share of profit9.3%
Consecutive raises—

USD 26.3M in buybacks — 9% of the year's profit went back to shareholders.

Total assetsUSD 6.0B
EquityUSD 1.9B
CashUSD 709.2M
Gross debtUSD 2.8B
Net debtUSD 2.1B
Current ratio2.74×

Net debt stands at 113% of equity.

The 16-year record
16 fiscal years
Every figure from documents filed with the SEC · USD
row low → row highnegative
Metric 2025202420232022202120202019201820172016201520142013201220112010
Revenue $B5.54.74.23.83.13.23.33.13.12.72.01.81.61.21.01.0
Operating income $B0.40.30.30.20.10.10.1·········
EBITDA $B0.60.50.50.30.20.20.3·········
Income tax $B0.10.10.10.00.00.00.00.00.10.10.10.00.00.00.00.0
Net income $B0.30.20.20.10.00.00.10.10.20.10.10.00.00.00.00.0
Free cash flow $B0.40.10.0−0.00.20.3−0.1−0.00.10.10.0−0.00.0−0.0−0.0−0.0
EPS, diluted $9.567.927.374.741.571.071.801.974.923.892.411.151.041.140.450.15
Dividend / sh $················
Payout %················
ROE %18.220.422.817.56.24.16.88.525.624.217.08.88.610.64.31.5
Shares out B0.030.030.030.030.030.030.030.030.030.030.030.030.030.030.03·

Slide the table for earlier years · "·" marks a figure not available in our data for that year.

Compare

This company against its peers

Dycom Industries Inc.vsFluor Corp.Same industry: Water, Sewer, Pipeline, Comm & Power Line ConstructionDycom Industries Inc.vsMastec Inc.Same industry: Water, Sewer, Pipeline, Comm & Power Line ConstructionDycom Industries Inc.vsJacobs Solutions Inc.Same industry: Water, Sewer, Pipeline, Comm & Power Line ConstructionDycom Industries Inc.vsKbr, Inc.Same industry: Water, Sewer, Pipeline, Comm & Power Line ConstructionDycom Industries Inc.vsPrimoris Services Corp.Same industry: Water, Sewer, Pipeline, Comm & Power Line ConstructionDycom Industries Inc.vsGranite Construction Inc.Same industry: Water, Sewer, Pipeline, Comm & Power Line ConstructionDycom Industries Inc.vsMYR Group Inc.Same industry: Water, Sewer, Pipeline, Comm & Power Line Construction
Provenance
Company facts, as filed
How we verify · 0 failures in 62 reconciliationsAUDITED

Reconciled in 16 of 19 fiscal years. 25 checks could not be computed.

EPS recomputationBalance-sheet identityGross profitBalance-sheet liquiditymoeda_consistente0 failures
ActivityWater, Sewer, Pipeline, Comm & Power Line Construction
Listed onNYSE
Incorporated inFlorida
Fiscal year endsJanuary 30
Data on record since2010

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