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Dycom Industries, Inc. provides specialty contracting services to the digital infrastructure, telecommunications infrastructure, and utility industries in the United States. It operates through Communications and Building Systems segments. The company offers engineering services to telecommunications providers, including the planning and design of aerial, underground, and buried fiber optic, copper, and coaxial cable systems; placement of cables, related structures, and drop lines for telephone companies and cable multiple system operators; program and project management, and inspection personnel; and wireless networks in connection with the deployment of macro cell and new small cell sites. It also provides construction, maintenance, and installation services, such as placement and splicing of copper, fiber, and coaxial cables; tower construction, lines and antenna installation, foundation and equipment pad construction, and small cell site placement for wireless carriers, as well as equipment installation and material fabrication, and site testing services; underground facility locating services, including locating telephone, cable television, power, water, sewer, and gas lines for utility companies; installation and maintenance of customer premise equipment for electric and gas utilities, and other customers. Dycom Industries, Inc. was incorporated in 1969 and is based in West Palm Beach, Florida.
5-year financial trends. Figures in USD millions.
Latest fiscal year: 2026
Year-by-year revenue, profitability, and cash flow (USD millions, last 10 years)
| Year | Revenue | EBITDA | Net Profit | FCF | ROE | Rev Growth 1Y | NP Growth 1Y |
|---|---|---|---|---|---|---|---|
| 2026 | $5.5B | $704M | $281M | $402M | 15.1% | 17.9% | 20.5% |
| 2025 | $4.7B | $567M | $233M | $99M | 18.8% | 12.6% | 6.6% |
| 2024 | $4.2B | $508M | $219M | $40M | 20.8% | 9.6% | 53.9% |
| 2023 | $3.8B | $365M | $142M | $-36M | 16.4% | - | - |
| 2022 | - | - |
Income statement, balance sheet, and cash flow as reported
Consolidated Figures in USD Millions.
| Metric | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|
| Total Revenue | - | 3,808.46 | 4,175.57 | 4,702.01 | 5,545.91 |
| Operating Revenue | - | 3,808.46 | 4,175.57 | 4,702.01 | 5,545.91 |
| Cost Of Revenue | - | 3,160.26 | 3,361.82 | 3,769.88 | 4,405.80 |
| Gross Profit | - | 648.20 | 813.76 | 932.14 | 1,140.12 |
| Operating Expense | - | 437.66 | 490.77 | 591.60 | 715.05 |
| Selling General And Administration | - | 293.48 | 327.67 | 393.03 | 445.48 |
| Total Expenses | - | 3,597.92 | 3,852.58 | 4,361.48 | 5,120.84 |
| Operating Income | - | 210.54 | 322.99 | 340.54 | 425.07 |
| EBITDA | - | 364.92 | 507.69 | 567.36 | 703.95 |
| Normalized EBITDA | - | 348.16 | 479.35 | 531.86 | 684.51 |
| EBIT | - | 220.74 | 344.60 | 368.78 | 434.39 |
| Interest Expense | - | 40.62 | 52.60 | 60.99 | 66.51 |
| Net Interest Income | - | -40.62 | -52.60 | -60.99 | -66.51 |
| Other Non Operating Income Expenses | - | -6.56 | -6.74 | -7.25 | -10.12 |
| Other Income Expense | - | 10.20 | 21.61 | 28.25 | 9.32 |
| Interest Expense Non Operating | - | 40.62 | 52.60 | 60.99 | 66.51 |
| Net Non Operating Interest Income Expense | - | -40.62 | -52.60 | -60.99 | -66.51 |
| Pretax Income | - | 180.12 | 292 | 307.79 | 367.88 |
| Tax Provision | - | 37.91 | 73.08 | 74.38 | 86.69 |
| Tax Rate For Calcs | - | 0 | 0 | 0 | 0 |
| Tax Effect Of Unusual Items | - | 3.53 | 7.09 | 8.59 | 4.59 |
| Net Income Continuous Operations | - | 142.21 | 218.92 | 233.41 | 281.19 |
| Net Income From Continuing And Discontinued Operation | - | 142.21 | 218.92 | 233.41 | 281.19 |
| Net Income From Continuing Operation Net Minority Interest | - | 142.21 | 218.92 | 233.41 | 281.19 |
| Net Income | - | 142.21 | 218.92 | 233.41 | 281.19 |
| Net Income Common Stockholders | - | 142.21 | 218.92 | 233.41 | 281.19 |
| Net Income Including Noncontrolling Interests | - | 142.21 | 218.92 | 233.41 | 281.19 |
| Normalized Income | - | 128.98 | 197.66 | 206.51 | 266.34 |
| Diluted NI Availto Com Stockholders | - | 142.21 | 218.92 | 233.41 | 281.19 |
| Basic Average Shares | - | 29.55 | 29.33 | 29.11 | 29.06 |
| Diluted Average Shares | - | 30 | 29.70 | 29.48 | 29.42 |
| Reconciled Depreciation | - | 144.18 | 163.09 | 198.57 | 269.57 |
| Reconciled Cost Of Revenue | - | 3,160.26 | 3,361.82 | 3,769.88 | 4,405.80 |
| Total Unusual Items | - | 16.76 | 28.35 | 35.50 | 19.44 |
| Total Unusual Items Excluding Goodwill | - | 16.76 | 28.35 | 35.50 | 19.44 |
| Special Income Charges | - | 16.76 | 28.35 | 35.50 | 19.44 |
| Other Special Charges | 0.06 | - | - | 0.96 | 7.27 |
| Impairment Of Capital Assets | 0 | 0 | - | - | - |
| Depreciation Amortization Depletion Income Statement | - | 144.18 | 163.09 | 198.57 | 269.57 |
| Depreciation And Amortization In Income Statement | - | 144.18 | 163.09 | 198.57 | 269.57 |
| General And Administrative Expense | - | 293.48 | 327.67 | 393.03 | 445.48 |
| Other Gand A | - | 293.48 | 327.67 | 393.03 | 445.48 |
| Gain On Sale Of Ppe | - | 16.76 | 28.35 | 36.46 | 26.71 |
Industrials sector peers, ranked by market cap
| Company | Ticker | Market Cap | P/E | P/B | ROE | EV/EBITDA |
|---|---|---|---|---|---|---|
| Dycom Industries, Inc.this co. | DY | $14.7B | 52.18↑ premium | 7.89 | 15.1% | 24.09 |
| Planet Labs PBC | PL | $15.5B | -62.84 | 82.33 | -131.0% | -79.96 |
| IES Holdings, Inc. | IESC | $14.8B | 48.32 | 16.73 | 34.6% | 33.35 |
| Legence Corp. | LGN | $14.6B | -244.26 | 20.78 | -8.5% | 96.52 |
| Advanced Energy Industries, Inc. | AEIS | $12.8B |
| - |
| - |
| - |
| - |
| - |
| 86.52 |
| 9.42 |
| 10.9% |
| 52.10 |
| Kratos Defense & Security Solutions, Inc. | KTOS | $11.9B | 540.40 | 5.96 | 1.1% | 111.51 |
| SPX Technologies, Inc. | SPXC | $11.8B | 48.45 | 5.28 | 10.9% | 24.67 |
| Joby Aviation, Inc. | JOBY | $11.0B | -11.78 | 7.77 | -66.0% | -15.83 |
| Watts Water Technologies, Inc. | WTS | $10.5B | 30.87 | 5.19 | 16.8% | 20.02 |
| Peer Median | - | 39.60 | 8.60 | 6.0% | 29.01 | |