What is Dycom Inds Inc's earnings per share (EPS)?

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.

Dycom Inds Inc Financials

Source SEC Filings (10-K/10-Q) Updated Jan 31, 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 2026-04-22

Dycom’s recent growth reflects cash-rich execution layered onto a debt-funded asset expansion, not simply a larger revenue base.

FY2026 looks like a balance-sheet reset: investing outflow reached -$1.84B while financing inflow was $1.81B, and the simultaneous jump in goodwill points to externally funded asset expansion rather than retained-growth alone. Even with stronger cash generation, asset productivity fell, as return on assets slipped to 4.7% from 7.6%; the enlarged asset base has not yet earned at the rate the pre-expansion business did.

Across FY2024-FY2026, gross margin widened from 19.5% to 20.6%. Yet net margin stayed near 5.0% across that span, which suggests better job economics were partly absorbed by overhead and financing costs instead of flowing fully to net income.

FY2026 showed strong cash conversion: operating cash flow of $643M and free cash flow of $402M indicate capex no longer consumed most of the cash created by operations. But working capital still runs through customers, with receivables at $1.7B far above cash of $709M, so liquidity depends more on collections than on idle cash.

Financial Health Signals

Financial Profile 45/100

Based on FY2026 annual data, averaged across the last 3 years for performance metrics (most-recent year weighted highest). 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

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 59/100.

Leverage

Dycom Inds Inc carries a low D/E ratio of 1.51, meaning only $1.51 of long-term debt for every $1 of shareholders' equity. This conservative leverage earns a score of 71/100, indicating a strong balance sheet with room for future borrowing.

Liquidity

Dycom Inds Inc's current ratio of 2.74 indicates adequate short-term liquidity, earning a score of 52/100. The company can meet its near-term obligations, though with limited headroom.

Cash Flow

Dycom Inds Inc has a free cash flow margin of 7.2%, earning a moderate score of 36/100. The company generates positive cash flow after capital investments, but with room for improvement.

Returns

Dycom Inds Inc's ROE of 15.1% shows moderate profitability relative to equity, earning a score of 49/100. This is down from 18.6% the prior year.

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

$709.2M

YoY+4299.6%

5Y CAGR+16.5%

10Y CAGR+41.7%

Dycom Inds Inc held $709.2M 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

15.1%

YoY-3.4pp

5Y CAGR+10.9pp

10Y CAGR-0.4pp

Dycom Inds Inc's ROE was 15.1% in fiscal year 2026, measuring profit generated per dollar of shareholder equity. This is down 3.4 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	FY26	FY25	FY24	FY23	FY22	FY21
Revenue	$5.5B+17.9%	$4.7B+12.6%	$4.2B+9.6%	$3.8B+21.7%	$3.1B-2.1%	$3.2B
Cost of Revenue	$4.4B+16.9%	$3.8B+12.1%	$3.4B+6.4%	$3.2B+20.0%	$2.6B-0.3%	$2.6B
Gross Profit	$1.1B+22.3%	$932.1M+14.5%	$813.8M+25.5%	$648.2M+30.5%	$496.6M-10.9%	$557.2M
R&D Expenses	N/A	N/A	N/A	N/A	N/A	N/A
SG&A Expenses	$445.5M+13.3%	$393.0M+19.9%	$327.7M+11.7%	$293.5M+11.8%	$262.4M+1.0%	$259.8M
Operating Income	N/A	N/A	N/A	N/A	N/A	N/A
Interest Expense	-$66.5M-9.0%	-$61.0M-16.0%	-$52.6M-29.5%	-$40.6M-22.5%	-$33.2M-11.8%	-$29.7M
Income Tax	$86.7M+16.5%	$74.4M+1.8%	$73.1M+92.8%	$37.9M+802.2%	$4.2M-83.1%	$24.9M
Net Income	$281.0M+19.6%	$235.0M+7.3%	$219.0M+54.2%	$142.0M+189.8%	$49.0M+42.7%	$34.3M
EPS (Diluted)	$9.56+20.7%	$7.92+7.5%	$7.37+55.5%	$4.74+201.9%	$1.57+46.7%	$1.07

Metric	Q4'26	Q3'26	Q2'26	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25
Revenue	$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+5.3%	$1.1B
Cost of Revenue	$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+3.4%	$921.6M
Gross Profit	$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+13.3%	$220.8M
R&D Expenses	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
SG&A Expenses	$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+5.3%	$94.6M
Operating Income	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Interest Expense	-$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-14.2%	-$12.8M
Income Tax	$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+77.4%	$14.9M
Net Income	$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+9.3%	$62.6M
EPS (Diluted)	N/A	$3.63+9.0%	$3.33+59.3%	$2.09	N/A	$2.37+2.2%	$2.32+9.4%	$2.12

DY Balance Sheet

Metric	FY26	FY25	FY24	FY23	FY22	FY21
Total Assets	$6.0B+92.6%	$3.1B+18.9%	$2.6B+13.0%	$2.3B+8.4%	$2.1B-5.8%	$2.3B
Current Assets	$2.8B+51.1%	$1.8B+12.2%	$1.6B+9.6%	$1.5B+8.3%	$1.4B-8.6%	$1.5B
Cash & Equivalents	$709.2M+4299.6%	$16.1M-38.3%	$26.1M-63.4%	$71.4M-61.5%	$185.6M-43.9%	$330.6M
Inventory	$128.3M-3.5%	$133.0M+27.9%	$104.0M-10.2%	$115.7M+23.0%	$94.1M+32.4%	$71.1M
Accounts Receivable	$1.7B+11.1%	$1.5B+11.3%	$1.4B+15.9%	$1.2B+19.1%	$995.0M+14.7%	$867.5M
Goodwill	$1.4B+336.7%	$330.5M+4.8%	$315.3M+15.7%	$272.5M0.0%	$272.5M0.0%	$272.5M
Total Liabilities	$4.1B+124.1%	$1.8B+20.1%	$1.5B+8.3%	$1.4B+2.9%	$1.4B-5.5%	$1.5B
Current Liabilities	$1.0B+59.4%	$631.8M+23.0%	$513.6M+18.6%	$433.1M+9.5%	$395.7M-9.3%	$436.1M
Long-Term Debt	$2.8B+176.2%	$1.0B+20.8%	$842.4M+4.9%	$803.4M-1.9%	$819.3M-1.9%	$835.2M
Total Equity	$1.9B+46.8%	$1.3B+17.2%	$1.1B+20.4%	$897.4M+18.3%	$758.3M-6.4%	$810.0M
Retained Earnings	$1.5B+17.6%	$1.2B+17.3%	$1.1B+20.5%	$882.6M+18.1%	$747.1M-6.3%	$797.7M

Metric	Q4'26	Q3'26	Q2'26	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25
Total Assets	$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+6.4%	$2.6B
Current Assets	$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+8.2%	$1.6B
Cash & Equivalents	$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-25.2%	$26.1M
Inventory	$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-2.6%	$104.0M
Accounts Receivable	$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+9.8%	$1.4B
Goodwill	$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+1.6%	$315.3M
Total Liabilities	$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+5.9%	$1.5B
Current Liabilities	$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-0.5%	$513.6M
Long-Term Debt	$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+11.9%	$842.4M
Total Equity	$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+7.2%	$1.1B
Retained Earnings	$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+6.4%	$1.1B

DY Cash Flow Statement

Metric	FY26	FY25	FY24	FY23	FY22	FY21
Operating Cash Flow	$642.5M+84.0%	$349.1M+34.8%	$259.0M+57.2%	$164.8M-46.6%	$308.7M-19.2%	$381.8M
Capital Expenditures	$240.8M-3.9%	$250.5M+14.6%	$218.5M+8.7%	$201.0M+28.0%	$157.0M+170.5%	$58.0M
Free Cash Flow	$401.7M+307.3%	$98.6M+143.6%	$40.5M+211.9%	-$36.2M-123.9%	$151.6M-53.2%	$323.7M
Investing Cash Flow	-$1.8B-364.5%	-$395.2M-29.1%	-$306.2M-66.5%	-$183.9M-21.3%	-$151.7M-239.9%	-$44.6M
Financing Cash Flow	$1.8B+4701.9%	$37.7M+149.6%	-$75.9M-12.6%	-$67.4M-147.5%	$142.0M+137.0%	-$383.4M
Dividends Paid	N/A	N/A	N/A	N/A	N/A	N/A
Share Buybacks	$30.2M-54.0%	$65.6M+32.2%	$49.7M+1.9%	$48.7M-54.1%	$106.1M+6.1%	$100.0M

Metric	Q4'26	Q3'26	Q2'26	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25
Operating Cash Flow	$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+79.9%	-$37.4M
Capital Expenditures	$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+55.9%	$42.0M
Free Cash Flow	$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+8.1%	-$79.4M
Investing Cash Flow	-$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-81.7%	-$42.2M
Financing Cash Flow	$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+1560.6%	$4.7M
Dividends Paid	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Share Buybacks	$0	$0	$0-100.0%	$30.2M-15.8%	$35.9M	$0	$0-100.0%	$29.8M

DY Financial Ratios

Metric	FY26	FY25	FY24	FY23	FY22	FY21
Gross Margin	20.6%+0.7pp	19.8%+0.3pp	19.5%+2.5pp	17.0%+1.2pp	15.9%-1.6pp	17.4%
Operating Margin	N/A	N/A	N/A	N/A	N/A	N/A
Net Margin	5.1%+0.1pp	5.0%-0.2pp	5.2%+1.5pp	3.7%+2.2pp	1.6%+0.5pp	1.1%
Return on Equity	15.1%-3.4pp	18.6%-1.7pp	20.3%+4.4pp	15.8%+9.4pp	6.5%+2.2pp	4.2%
Return on Assets	4.7%-2.9pp	7.6%-0.8pp	8.4%+2.3pp	6.1%+3.8pp	2.3%+0.8pp	1.5%
Current Ratio	2.74-0.1	2.89-0.3	3.17-0.3	3.43-0.0	3.46+0.0	3.44
Debt-to-Equity	1.51+0.7	0.80+0.0	0.78-0.1	0.90-0.2	1.08+0.0	1.03
FCF Margin	7.2%+5.1pp	2.1%+1.1pp	1.0%+1.9pp	-0.9%-5.8pp	4.8%-5.3pp	10.1%

Metric	Q4'26	Q3'26	Q2'26	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25
Gross Margin	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%+1.5pp	19.3%
Operating Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Net Margin	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%+0.2pp	5.5%
Return on Equity	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%+0.1pp	5.8%
Return on Assets	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%+0.1pp	2.4%
Current Ratio	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+0.3	3.17
Debt-to-Equity	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+0.0	0.78
FCF Margin	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%+0.9pp	-7.0%

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Frequently Asked Questions

What is Dycom Inds Inc's annual revenue?

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.

How fast is Dycom Inds Inc's revenue growing?

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

Is Dycom Inds Inc profitable?

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

How much debt does Dycom Inds Inc have?

As of fiscal year 2026, Dycom Inds Inc (DY) had $709.2M in cash and equivalents against $2.8B in long-term debt.

What is Dycom Inds Inc's gross margin?

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.

What is Dycom Inds Inc's net profit margin?

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.

What is Dycom Inds Inc's return on equity (ROE)?

Dycom Inds Inc (DY) has a return on equity of 15.1% for fiscal year 2026, measuring how efficiently the company generates profit from shareholder equity.

What is Dycom Inds Inc's free cash flow?

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.

What is Dycom Inds Inc's operating cash flow?

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

What are Dycom Inds Inc's total assets?

Dycom Inds Inc (DY) had $6.0B in total assets as of fiscal year 2026, including both current and long-term assets.

What are Dycom Inds Inc's capital expenditures?

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

Does Dycom Inds Inc buy back shares?

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

How many shares does Dycom Inds Inc have outstanding?

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

What is Dycom Inds Inc's current ratio?

Dycom Inds Inc (DY) had a current ratio of 2.74 as of fiscal year 2026, which is generally considered healthy.

What is Dycom Inds Inc's debt-to-equity ratio?

Dycom Inds Inc (DY) had a debt-to-equity ratio of 1.51 as of fiscal year 2026, measuring the company's financial leverage by comparing total debt to shareholder equity.

What is Dycom Inds Inc's return on assets (ROA)?

Dycom Inds Inc (DY) had a return on assets of 4.7% for fiscal year 2026, measuring how efficiently the company uses its assets to generate profit.

What is Dycom Inds Inc's Piotroski F-Score?

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.

Are Dycom Inds Inc's earnings high quality?

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.

How financially healthy is Dycom Inds Inc?

Dycom Inds Inc (DY) scores 45 out of 100 on our Financial Profile, indicating moderate overall financial health. This composite score evaluates six dimensions: profitability (operating margin), revenue growth, leverage (debt-to-equity), liquidity (current ratio), cash flow quality (free cash flow margin), and shareholder returns (return on equity). Each dimension is normalized against standard financial benchmarks. Learn more in our complete guide to financial health indicators.