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Dycom Industries Inc key statistics and ratios

In fiscal 2026, Dycom Industries Inc had return on equity of 18.2% and a net margin of 5.1%. Each ratio below is calculated from the figures on its income statement, balance sheet and cash flow pages.

Financial ratios

US$ thousands unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

Fiscal year2017Jul 20162018Jul 20172019Jan 20192020Jan 20202021Jan 20212022Jan 20222023Jan 20232024Jan 20242025Jan 20252026Jan 2026LTMAug 2026
Net margin4.8%5.1%2.0%1.7%1.1%1.6%3.7%5.2%5.0%5.1%4.8%
Return on equity23.1%25.6%8.5%6.8%4.1%6.2%17.5%22.8%20.4%18.2%16.8%
Return on assets7.5%8.7%3.1%2.7%1.7%2.4%6.4%9.1%8.5%6.3%5.3%
Effective tax rate37.6%37.2%28.5%27.1%42.0%8.0%21.0%25.0%24.2%23.6%21.3%

Returns use average equity or assets over the year. Return on equity is left blank when equity is negative or so small that the ratio says nothing (above ±200%); interest cover is left blank above 200 times. Price-based ratios such as P/E are on the valuation page.

Financial health

2 of 6 checks passed · August 1, 2026
What it owns · $6.5bn
Short-term assets $3.1bnLonger-term assets $3.5bn
What it owes, and who funded it · $6.5bn
Short-term liabilities $1.3bnLonger-term liabilities $3.2bnShareholders' equity $2.1bn
  • Short-term assets cover short-term liabilities $3.1bn of assets due within a year against $1.3bn of liabilities due within a year.
  • Short-term assets cover long-term liabilities $3.1bn short-term assets against $3.2bn of longer-dated liabilities.
  • More cash than debt $340m of cash against $2.8bn of debt.
  • Debt below 40% of shareholders' equity Debt is 137% of equity.
  • Debt burden no higher than five years ago Debt to equity moved from 109% to 137% over five years.
  • A year's operating cash flow covers at least 20% of debt $718m of operating cash flow against $2.8bn of debt.
  • Operating profit covers interest at least five times over Interest not separately reported. Not assessable.

From Dycom Industries Inc's latest balance sheet as filed. Checks are fixed, documented rules (methodology), counted only where the company reports the figures — a dot means the filing doesn't break the item out. Descriptions of reported data, not advice.

Moat

44 /100

Weak moat

How hard Dycom Industries's competitive advantage looks for rivals to wear away, judged from 10 years of its own filings: returns on capital, pricing power, profit durability, cash conversion and discipline.

  • Returns on capital 7 / 20

    Net income has been a median 5.5% of total assets over 10 years.

  • Pricing power 8 / 20

    Gross margin has been a median 18.1%, moving by 2.1 percentage points (standard deviation) across 9 years.

  • Durability 2 / 20

    Net margin has been a median 4.3%; its worst year was 0.5%.

  • Cash conversion 9 / 20

    Free cash flow was positive in 8 of 10 years, at a median 1.4% of revenue.

  • Discipline 19 / 20

    The diluted share count fell 5.4% over five years; stock-based pay has been a median 0.5% of revenue.

AI disruption exposure: Low. In this industry, the business rests on physical assets, regulated networks or products AI itself depends on.

A rules-based reading of reported figures, not a forecast and not investment advice. How the score is built: methodology.

Compare with peers

Head to head: DY vs PRIMDY vs KBRDY vs TPC

More: Construction & Engineering stocks compared, Industrials sector, rankings of US companies

Figures from Dycom Industries Inc's SEC filings (10-K and 10-Q), retrieved October 20, 2026. How we read and check them: methodology and data sources. Not investment advice. Back to Dycom Industries Inc.