Dycom Industries, Inc. is a specialty contracting company based in the United States that provides engineering, construction, and maintenance services to the telecommunications and utility industries. The company focuses on the deployment of fiber optic, copper, and coaxial cable networks, as well as wireless infrastructure. Recently, Dycom expanded into the data center infrastructure market through its acquisition of Power Solutions, adding a Building Systems segment to its core operations.
Financial Statements
In thousands, USD
FY 2026
FY 2025
FY 2024
FY 2023
Total Revenues
5,545,912
4,702,014
4,175,574
3,808,462
Cost of Sales
4,405,795
3,769,877
3,361,815
3,160,264
Gross Profit
1,140,117
932,137
813,759
648,198
Selling, General & Administrative Expenses
445,484
393,030
327,674
293,478
Depreciation & Amortization Expenses
269,566
198,571
163,092
144,181
Operating Profit
425,067
340,536
322,993
210,539
Non-Operating Income
(57,192)
(32,746)
(30,994)
(30,417)
Total Non-Operating Income
(57,192)
(32,746)
(30,994)
(30,417)
Income Before Provision for Income Taxes
367,875
307,790
291,999
180,122
Provision for Income Taxes
86,686
74,377
73,076
37,909
Consolidated Net Income
281,189
233,413
218,923
142,213
Net Income Attributable to Common Shareholders
281,189
233,413
218,923
142,213
Basic EPS
9.68
8.02
7.46
4.81
Diluted EPS
9.56
7.92
7.37
4.74
Basic Weighted Average Shares Outstanding
29,055
29,113
29,333
29,550
Diluted Weighted Average Shares Outstanding
29,423
29,482
29,699
29,997
Shares Outstanding
29,970
28,979
29,091
29,350
FY 2026
FY 2025
FY 2024
FY 2023
Cash and Cash Equivalents
709,165
92,670
101,086
224,186
Total Cash and Cash Equivalents
709,165
92,670
101,086
224,186
Accounts Receivable
1,859,300
1,437,113
1,295,467
1,110,945
Other Receivables
19,869
2,963
2,665
3,929
Total Trade Receivables
1,879,169
1,440,076
1,298,132
1,114,874
Inventories
128,349
127,255
108,565
114,972
Other Current Assets
40,212
34,629
42,253
38,648
Total Current Assets
2,756,895
1,694,630
1,550,036
1,492,680
Net Property, Plant & Equipment
745,024
654,072
521,257
435,092
Net Intangible Assets
925,948
219,746
108,954
86,566
Goodwill
1,443,435
330,330
311,991
272,545
Other Long-Term Assets
107,880
46,589
24,647
26,371
Total Assets
5,979,182
2,945,367
2,516,885
2,313,254
Accounts Payable
497,263
223,490
222,121
207,739
Accrued Expenses
304,075
213,656
191,685
182,377
Current Portion of Long-Term Debt
4,000
10,000
17,500
17,500
Current Portion of Leases
42,288
35,823
32,015
27,527
Unearned Revenue
158,503
73,548
39,122
19,512
Other Current Liabilities
771
30,636
3,861
14,896
Total Current Liabilities
1,006,900
587,153
506,304
469,551
Long-Term Debt
2,810,497
933,212
791,415
807,367
Leases
135,221
76,928
44,110
39,628
Other Long-Term Liabilities
167,428
108,977
120,400
127,953
Total Long-Term Liabilities
3,113,146
1,119,117
955,925
974,948
Total Liabilities
4,120,046
1,706,270
1,462,229
1,444,499
Common Stock
9,990
9,659
9,697
9,783
Additional Paid-in Capital
381,659
8,991
6,217
5,654
Accumulated Other Comprehensive Income
—
—
(1,547)
(1,771)
Retained Earnings
1,467,487
1,220,447
1,040,289
855,089
Total Common Shareholders' Equity
1,859,136
1,239,097
1,054,656
868,755
Total Shareholders' Equity
1,859,136
1,239,097
1,054,656
868,755
Total Liabilities and Shareholders' Equity
5,979,182
2,945,367
2,516,885
2,313,254
FY 2026
FY 2025
FY 2024
FY 2023
Net Income
281,189
233,413
218,923
142,213
Depreciation & Amortization
269,566
198,571
163,092
144,181
Share-Based Compensation Expense
34,468
40,320
25,457
17,927
Other Adjustments
93,079
(8,609)
(552)
25,277
Changes in Trade Receivables
(842)
(117,766)
(142,383)
(173,714)
Changes in Accounts Payable
223,234
(16,810)
6,989
49,396
Changes in Accrued Expenses
(41,720)
(21,018)
(24,872)
(9,956)
Changes in Income Taxes Payable
(46,770)
26,476
(14,205)
23,463
Changes in Other Operating Activities
(169,701)
14,519
26,527
(53,998)
Cash from Operating Activities
642,503
349,096
258,976
164,789
Capital Expenditure
(240,791)
(250,457)
(218,492)
(200,955)
Proceeds from Sale of Property, Plant & Equipment
33,633
39,135
35,231
17,372
Payments for Business Acquisitions
(1,628,581)
(183,876)
(122,902)
(350)
Cash from Investing Activities
(1,835,739)
(395,198)
(306,163)
(183,933)
Issuance of Long-Term Debt
3,569,000
987,375
763,000
—
Repayments of Long-Term Debt
(1,679,000)
(852,375)
(780,500)
(17,500)
Net Issuance / (Repayments) of Long-Term Debt
1,890,000
135,000
(17,500)
(17,500)
Issuance of Common Shares
(1,912)
(7,959)
1,149
4,557
Repurchases of Common Shares
(44,587)
(82,684)
(59,562)
(54,484)
Net Issuance / (Repurchases) of Common Shares
(46,499)
(90,643)
(58,413)
(49,927)
Other Financing Activities
(33,870)
(6,671)
—
—
Cash from Financing Activities
1,809,631
37,686
(75,913)
(67,427)
Increase / (Decrease) in Cash, Cash Equivalents and Restricted Cash