Dycom Industries (DY) Stock Fundamentals, Analysis & Risk Signals

Health score, price, valuation, risk signals, and key metrics at a glance.

Dycom Industries

NYSE•Industrials•Engineering & Construction

$300.23+4.67(0.02%)Pre-market

Market Cap

$8.59B

P/E

26.1x

P/S

1.2x

P/B

4.2x

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.

How this company scores

GoodMetricSide Score: 64/100

Strongest: Growth (23/25); weakest: Balance Sheet & Red Flags (9/25).

Profitability16/25

Growth23/25

Balance Sheet & Red Flags9/25

Cash & Earnings Quality16/25

Strengths

Growing revenueRising free cash flowHigh ROERising earnings

Valuation vs. 5-year range

Today's multiple positioned against its own trailing range — a visual premium/discount check.

P/E · 26.1x5y range 20.6x – 131.5x

Currently near its 20-quarter median.

P/S · 1.2x5y range 1.0x – 2.1x

Currently near its 20-quarter median.

P/B · 4.2x5y range 3.8x – 7.5x

Watch items

Data-driven signals worth keeping an eye on across the last 8 quarters

High Risk

Earnings Quality

Red Flag

FCF consistently trails net income (avg 3.6x) — earnings may be inflated by non-cash items or aggressive accounting.

Leverage Risk

Watch

Debt-to-equity has risen 83.6% recently — increasing financial risk even if the current ratio is manageable.

Price & Volume

Market Cap $8.59B

Metrics at a Glance

as of August 2026

Revenue & Profit

Revenue, EBITDA, operating income, net income, EPS, and shares

TTM Revenue: $6.88B
Q. Revenue: $2.01B
TTM EBITDA: $905.91M
TTM Op. Income: $528.32M
Q. Op. Income: $192.00M
TTM Net Income: $329.58M
Q. Net Income: $115.64M
EPS: $3.84
Shares Out.: $30.08M

$6.88B in TTM revenue grew 37.8% YoY, reaching $2.01B last quarter. TTM EBITDA of $905.91M and TTM operating income of $528.32M show growth is flowing through to the bottom line. TTM net income of $329.58M means revenue is converting into profit. Across the last 8 quarters, TTM revenue has risen for 7 consecutive quarters — an improving trend.

Margins

Gross, EBITDA, operating, and net margin trends

Gross Margin: 22.0%
EBITDA Margin: 15.3%
Op. Margin: 9.6%
Net Margin: 5.8%

Op. margin of 9.6% is down 0.6% YoY — costs are rising relative to revenue. Net margin at 5.8% and gross margin of 22.0% show how much of each revenue dollar survives to profit. Across the last 8 quarters, operating margin has risen for 2 consecutive quarters — an improving trend.

Price Ratios

P/E, P/S, P/B, EV/EBITDA, FCF yield, and earnings yield

P/E Ratio: 26.1x
P/S Ratio: 1.2x
P/B Ratio: 4.2x

At 26.1x P/E, the stock trades within typical market levels. P/S of 1.2x and P/B of 4.2x provide additional context. Use the growth and margin sections to judge whether the multiple is justified. Over the past year, P/E is down 11% — an improving trend.

Assets & Liabilities

Total assets, cash, debt, book value, and leverage

Total Assets: $6.54B
Cash: $340.08M
Long-Term Debt: $2.79B
Book Value: $2.06B
D/E Ratio: 1.4
Debt/EBITDA: 9.1

With $6.54B in assets and $2.79B in long-term debt, D/E is 1.4and book value is $2.06B — moderate leverage. Across the last 8 quarters, debt/equity has fallen for 2 consecutive quarters — an improving trend.

Cash Flow

Operating cash flow, free cash flow, FCF margin, and earnings quality

Op. Cash Flow: $103.67M
TTM Free Cash Flow: $468.67M
FCF Margin: 6.8%
FCF / Net Income: 1.4

TTM FCF of $468.67M on $103.67M in operating cash flow. The FCF / Net Income ratio of 1.4x means free cash flow covers net income — earnings are backed by cash. Across the last 8 quarters, free cash flow has risen for 5 consecutive quarters — an improving trend.