Dycom Industries (DY) financial statements
Dycom Industries reported revenue of $5.5B in fiscal 2026, up 8.4% a year over 9 years.
Net income was $281M and the operating margin 7.7%, against 9.2% in 2016.
Free cash flow was $402M, and the company returned $30M in net buybacks.
The diluted share count fell 11% over the period (buybacks).
Revenue and free cash flow
Fiscal years, $ billions.
Income statement
Fiscal years, from Dycom Industries's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $2.7B | $3.1B | $3.1B | $3.3B | $3.2B | $3.1B | $3.8B | $4.2B | $4.7B | $5.5B |
| Cost of revenue | — | — | $2.6B | $2.8B | $2.6B | $2.6B | $3.2B | $3.4B | $3.8B | $4.4B |
| Gross profit | — | — | $565M | $560M | $557M | $497M | $648M | $814M | $932M | $1.1B |
| Selling, general and admin | $217M | $239M | $269M | $255M | $260M | $262M | $293M | $328M | $393M | $445M |
| Operating income | $247M | $275M | $117M | $118M | $68M | $82M | $211M | $323M | $341M | $425M |
| Pre-tax income | $206M | $250M | $88M | $79M | $59M | $53M | $180M | $292M | $308M | $368M |
| Income tax | $78M | $93M | $25M | $21M | $25M | $4M | $38M | $73M | $74M | $87M |
| Net income | $129M | $157M | $63M | $57M | $34M | $49M | $142M | $219M | $233M | $281M |
| EPS (diluted) | $3.89 | $4.92 | $1.97 | $1.80 | $1.07 | $1.57 | $4.74 | $7.37 | $7.92 | $9.56 |
| Diluted shares | 33M | 32M | 32M | 32M | 32M | 31M | 30M | 30M | 29M | 29M |
| Gross margin | — | — | 18.1% | 16.8% | 17.4% | 15.9% | 17.0% | 19.5% | 19.8% | 20.6% |
| Operating margin | 9.2% | 9.0% | 3.7% | 3.5% | 2.1% | 2.6% | 5.5% | 7.7% | 7.2% | 7.7% |
| Net margin | 4.8% | 5.1% | 2.0% | 1.7% | 1.1% | 1.6% | 3.7% | 5.2% | 5.0% | 5.1% |
Balance sheet
Fiscal years, from Dycom Industries's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and short-term investments | $34M | $39M | $128M | $55M | $12M | $311M | $224M | $101M | $93M | $709M |
| Receivables | $328M | $370M | $625M | $817M | $858M | $896M | $1.1B | $1.2B | $1.4B | $1.7B |
| Inventory | $74M | $83M | $94M | $98M | $71M | $81M | $115M | $109M | $127M | $128M |
| Total current assets | $851M | $939M | $1.1B | $1.3B | $1.2B | $1.4B | $1.5B | $1.6B | $1.7B | $2.8B |
| Property, plant and equipment | $327M | $422M | $425M | $377M | $274M | $295M | $368M | $445M | $542M | $575M |
| Goodwill | $310M | $322M | $326M | $326M | $272M | $272M | $273M | $312M | $330M | $1.4B |
| Total assets | $1.7B | $1.9B | $2.1B | $2.2B | $1.9B | $2.1B | $2.3B | $2.5B | $2.9B | $6.0B |
| Total current liabilities | $323M | $319M | $285M | $323M | $448M | $382M | $470M | $506M | $587M | $1.0B |
| Long-term debt | $706M | $738M | $868M | $844M | $502M | $823M | $807M | $791M | $933M | $2.8B |
| Total liabilities | $1.2B | $1.2B | $1.3B | $1.3B | $1.1B | $1.4B | $1.4B | $1.5B | $1.7B | $4.1B |
| Shareholders' equity | $557M | $672M | $804M | $869M | $811M | $759M | $869M | $1.1B | $1.2B | $1.9B |
| Net debt | $686M | $721M | $745M | $812M | $572M | $530M | $601M | $708M | $851M | $2.1B |
Cash flow
Fiscal years, from Dycom Industries's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $276M | $256M | $124M | $58M | $382M | $309M | $165M | $259M | $349M | $643M |
| Capital spending | $186M | $201M | $165M | $121M | $58M | $157M | $201M | $218M | $250M | $241M |
| Free cash flow | $90M | $55M | -$41M | -$63M | $324M | $152M | -$36M | $40M | $99M | $402M |
| Stock-based compensation | $17M | $21M | $20M | $10M | $13M | $10M | $18M | $25M | $40M | $34M |
| Share buybacks (net) | -$170M | -$63M | $0 | $0 | -$100M | -$106M | -$49M | -$50M | -$66M | -$30M |
| Net borrowing | -$278M | $0 | $0 | -$25M | — | — | — | — | — | — |
| Free cash flow margin | 3.4% | 1.8% | -1.3% | -1.9% | 10.1% | 4.8% | -0.9% | 1.0% | 2.1% | 7.2% |
Questions
What was Dycom Industries's revenue in 2026?
$5.5B in fiscal 2026, from its 10-K filing.
How much free cash flow does Dycom Industries generate?
$402M in fiscal 2026 (operating cash flow minus capital spending).
From Dycom Industries's annual reports filed with the SEC (XBRL data), standardised by Investingly. Information only, not investment advice.