Dycom Industries, Inc. (DY) Key Metrics
DY valuation today
Trailing 12 months · as of October 18, 2026- Market cap
- $7.65B
- Enterprise value
- $11.18B
- P/E (TTM)
- 23.2 10-yr median 23.8
- Forward P/E
- 25.1
- PEG ratio
- 3.50
- Price / sales
- 1.1 10-yr median 0.8
- Price / book
- 4.1 10-yr median 3.4
- EV / EBITDA
- 12.3 10-yr median 11.0
- Dividend yield
- —
- Beta
- 1.50
DY key metrics, FY2017–FY2026
Fiscal year ended January 31, 2026 · U.S. dollarsDY valuation Price multiples at each fiscal year-end price.
DY returns How much profit the business earns on the capital it uses.
DY per-share figures Results divided by the shares outstanding at year-end.
DY financial health Debt, liquidity and how easily interest is covered.
DY efficiency & capital use Working capital cycle and where the cash goes.
DY valuation history
DY returns on capital
Net income (ROE, ROA) or after-tax operating income (ROIC) divided by the average of the opening and closing balance.
DY debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease liabilities.
DY cash returned to shareholders
DY price vs earnings per share
DY key metrics
FY2017–FY2026| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Valuation | ||||||||||
| Market capitalization | $10.72B | $5.58B | $3.32B | $2.86B | $2.60B | $2.55B | $1.29B | $1.86B | $3.73B | $2.67B |
| Enterprise value | $13.00B | $6.53B | $4.08B | $3.51B | $3.19B | $3.19B | $2.17B | $2.60B | $4.41B | $3.39B |
| P/E ratio | 38.1 | 23.9 | 15.2 | 20.1 | 53.5 | 74.3 | 22.5 | 29.5 | 23.7 | 17.0 |
| Price / sales | 1.9 | 1.2 | 0.8 | 0.8 | 0.8 | 0.8 | 0.4 | 0.6 | 1.4 | 0.9 |
| Price / book | 5.8 | 4.5 | 3.1 | 3.3 | 3.4 | 3.1 | 1.5 | 2.3 | 5.1 | 4.8 |
| Price / free cash flow | 26.7 | 56.5 | 81.9 | — | 17.1 | 7.9 | — | — | 67.6 | 48.3 |
| Price / operating cash flow | 16.7 | 16.0 | 12.8 | 17.4 | 8.4 | 6.7 | 22.2 | 14.9 | 14.6 | 10.4 |
| EV / sales | 2.3 | 1.4 | 1.0 | 0.9 | 1.0 | 1.0 | 0.6 | 0.8 | 1.6 | 1.2 |
| EV / EBITDA | 18.5 | 11.5 | 8.0 | 8.8 | 11.8 | 10.7 | 6.3 | 8.3 | 12.0 | 11.2 |
| EV / free cash flow | 32.4 | 66.2 | 100.8 | — | 21.0 | 9.8 | — | — | 79.8 | 61.3 |
| Earnings yield | 2.6% | 4.2% | 6.6% | 5.0% | 1.9% | 1.3% | 4.4% | 3.4% | 4.2% | 5.9% |
| Free cash flow yield | 3.7% | 1.8% | 1.2% | −1.3% | 5.8% | 12.7% | −4.9% | −2.2% | 1.5% | 2.1% |
| Dividend yield | — | — | — | — | — | — | — | — | — | 0.0% |
| Shareholder yield (dividends + buybacks) | 0.3% | 1.2% | 1.5% | 1.7% | 4.1% | 3.9% | 0.0% | 0.3% | 1.7% | 2.4% |
| Share price at fiscal year-end | $364.39 | $189.16 | $111.70 | $95.37 | $84.29 | $81.14 | $40.42 | $58.05 | $116.71 | $80.66 |
| Per share | ||||||||||
| Revenue per share | $188.49 | $159.49 | $140.60 | $126.96 | $101.49 | $101.74 | $104.95 | $97.77 | $83.56 | $85.24 |
| Earnings per share | $9.56 | $7.92 | $7.37 | $4.74 | $1.57 | $1.09 | $1.80 | $1.97 | $4.92 | $4.75 |
| Operating cash flow per share | $21.84 | $11.84 | $8.72 | $5.49 | $10.01 | $12.14 | $1.82 | $3.89 | $8.02 | $7.74 |
| Free cash flow per share | $13.65 | $3.35 | $1.36 | −$1.21 | $4.92 | $10.30 | −$1.97 | −$1.27 | $1.73 | $1.67 |
| Cash per share | $24.10 | $3.53 | $4.08 | $8.13 | $10.08 | $0.37 | $1.71 | $4.01 | $2.63 | $1.02 |
| Book value per share | $63.19 | $42.03 | $35.51 | $28.96 | $24.59 | $25.80 | $27.30 | $25.14 | $22.67 | $16.83 |
| Tangible book value per share | −$17.34 | $23.37 | $21.34 | $16.99 | $12.46 | $13.34 | $12.66 | $9.92 | $6.87 | $1.49 |
| Dividends per share | — | — | — | — | — | — | — | — | — | $0.00 |
| Capex per share | $8.18 | $8.50 | $7.36 | $6.70 | $5.09 | $1.85 | $3.79 | $5.16 | $6.29 | $6.08 |
| Debt per share | $101.69 | $35.82 | $29.80 | $29.74 | $29.24 | $20.56 | $29.45 | $27.30 | $23.77 | $22.69 |
| Shares outstanding | 29.4M | 29.5M | 29.7M | 30.0M | 30.8M | 31.4M | 31.8M | 32.0M | 32.0M | 33.1M |
| Change in shares outstanding | −0.2% | −0.7% | −1.0% | −2.7% | −1.9% | −1.2% | −0.5% | +0.0% | −3.4% | −5.5% |
| Returns & profitability | ||||||||||
| Return on equity (ROE) | 18.2% | 20.4% | 22.8% | 17.5% | 6.2% | 4.1% | 6.8% | 8.2% | 24.5% | 29.5% |
| Return on invested capital (ROIC) | 16.8% | 12.9% | 14.5% | 11.6% | 5.4% | 4.4% | 5.2% | 5.6% | 11.5% | 9.7% |
| Return on assets (ROA) | 6.3% | 8.5% | 9.1% | 6.4% | 2.4% | 1.7% | 2.7% | 3.2% | 8.8% | 10.2% |
| Return on tangible assets | 7.8% | 9.7% | 10.4% | 7.3% | 2.8% | 2.2% | 3.3% | 3.9% | 11.8% | 13.0% |
| Free cash flow margin | 7.2% | 2.1% | 1.0% | −0.9% | 4.8% | 10.1% | −1.9% | −1.3% | 2.1% | 2.0% |
| Income quality (OCF / net income) | 2.28 | 1.50 | 1.18 | 1.16 | 6.35 | 11.12 | 1.01 | 1.98 | 1.63 | 1.63 |
| Financial health | ||||||||||
| Total debt | $2.99B | $1.06B | $885.0M | $892.0M | $901.9M | $646.4M | $937.1M | $873.2M | $760.3M | $751.4M |
| Cash & short-term investments | $709.2M | $104.0M | $121.3M | $243.8M | $310.8M | $11.8M | $54.6M | $128.3M | $84.0M | $33.8M |
| Net debt | $2.28B | $952.0M | $763.7M | $648.2M | $591.2M | $634.6M | $882.5M | $744.9M | $676.3M | $717.6M |
| Debt / equity | 1.61 | 0.85 | 0.84 | 1.03 | 1.19 | 0.80 | 1.08 | 1.09 | 1.05 | 1.35 |
| Debt / assets | 0.50 | 0.36 | 0.35 | 0.39 | 0.43 | 0.33 | 0.42 | 0.42 | 0.41 | 0.44 |
| Net debt / EBITDA | 3.24 | 1.68 | 1.50 | 1.63 | 2.19 | 2.14 | 2.54 | 2.39 | 1.85 | 2.37 |
| Current ratio | 2.74 | 2.89 | 3.06 | 3.18 | 3.55 | 2.61 | 3.90 | 3.85 | 3.49 | 2.64 |
| Quick ratio | 2.61 | 2.67 | 2.85 | 2.93 | 3.34 | 2.45 | 3.59 | 3.52 | 3.18 | 2.41 |
| Interest coverage | 10.4 | 5.6 | 6.1 | 5.2 | 2.5 | 4.1 | 2.3 | 2.6 | 6.6 | 3.1 |
| Working capital | $1.75B | $1.11B | $1.04B | $1.02B | $974.3M | $720.1M | $935.3M | $811.4M | $645.2M | $528.6M |
| Invested capital | $4.14B | $2.19B | $1.82B | $1.52B | $1.35B | $1.45B | $1.75B | $1.55B | $1.40B | $1.27B |
| Tangible asset value | −$510.2M | $689.0M | $633.7M | $509.6M | $384.2M | $419.5M | $402.9M | $317.3M | $219.7M | $49.3M |
| Net current asset value | −$1.36B | −$11.6M | $87.8M | $48.2M | −$3.6M | $35.8M | −$90.7M | −$196.9M | −$211.2M | −$311.2M |
| Graham number | $116.56 | $86.53 | $76.75 | $55.58 | $29.52 | $25.18 | $33.23 | $33.35 | $50.07 | $42.40 |
| Graham net-net per share | −$65.84 | −$15.52 | −$10.53 | −$10.23 | −$9.98 | −$9.32 | −$13.83 | −$15.14 | −$14.24 | −$17.00 |
| Capital allocation | ||||||||||
| Dividends paid | — | — | — | — | — | — | — | — | — | $0 |
| Share buybacks (net) | $32.1M | $65.6M | $49.7M | $48.7M | $106.1M | $100.0M | $301,000 | $4.7M | $62.9M | $62.9M |
| Dividend payout ratio | — | — | — | — | — | — | — | — | — | 0.0% |
| Dividends + buybacks / free cash flow | 8.0% | 66.5% | 122.7% | — | 70.0% | 30.9% | — | — | 113.9% | 113.9% |
| Capex / revenue | 4.3% | 5.3% | 5.2% | 5.3% | 5.0% | 1.8% | 3.6% | 5.3% | 7.5% | 7.1% |
| Capex / operating cash flow | 37.5% | 71.7% | 84.4% | 121.9% | 50.9% | 15.2% | 207.9% | 132.6% | 78.5% | 78.5% |
| Capex / depreciation | 0.89 | 1.26 | 1.34 | 1.39 | 1.03 | 0.33 | 0.64 | 0.92 | 1.36 | 1.36 |
| Stock-based compensation / revenue | 0.6% | 0.9% | 0.6% | 0.5% | 0.3% | 0.4% | 0.3% | 0.6% | 0.8% | 0.7% |
| SG&A / revenue | 8.0% | 8.4% | 7.8% | 7.7% | 8.4% | 8.1% | 7.6% | 8.6% | 9.0% | 8.5% |
| Efficiency | ||||||||||
| Days sales outstanding | 109.3 | 106.3 | 105.5 | 98.2 | 116.1 | 121.5 | 104.8 | 91.0 | 97.0 | 83.7 |
| Days of inventory on hand | 10.6 | 10.8 | 11.6 | 10.8 | 10.0 | 11.0 | 11.9 | 11.5 | 12.6 | 9.1 |
| Days payables outstanding | 29.9 | 20.5 | 22.3 | 20.1 | 20.6 | 18.0 | 14.7 | 14.1 | 17.2 | 13.9 |
| Cash conversion cycle (days) | 90.0 | 96.7 | 94.8 | 88.9 | 105.4 | 114.5 | 102.0 | 88.5 | 92.5 | 78.9 |
| Receivables turnover | 3.34 | 3.43 | 3.46 | 3.72 | 3.14 | 3.00 | 3.48 | 4.01 | 3.76 | 4.36 |
| Payables turnover | 12.23 | 17.81 | 16.40 | 18.17 | 17.70 | 20.23 | 24.82 | 25.89 | 21.25 | 26.19 |
| Inventory turnover | 34.47 | 33.66 | 31.54 | 33.67 | 36.63 | 33.31 | 30.80 | 31.62 | 28.94 | 40.13 |
| Asset turnover | 1.24 | 1.72 | 1.73 | 1.72 | 1.54 | 1.54 | 1.55 | 1.59 | 1.50 | 1.83 |
| Average receivables | $1.66B | $1.37B | $1.21B | $1.02B | $995.5M | $1.07B | $959.1M | $780.2M | $710.4M | $647.4M |
| Average payables | $360.4M | $222.8M | $214.9M | $181.8M | $157.4M | $139.3M | $119.5M | $105.9M | $103.9M | $93.7M |
| Average inventory | $127.8M | $117.9M | $111.8M | $98.1M | $76.1M | $84.6M | $96.4M | $86.7M | $76.3M | $61.1M |
| Intangibles / total assets | 39.6% | 18.7% | 16.7% | 15.5% | 17.7% | 20.2% | 21.0% | 23.2% | 27.4% | 29.5% |
Computed from DY's annual financial statements (latest annual report filed March 9, 2026) and the closing share price on each fiscal year-end, adjusted for stock splits. Figures in U.S. dollars; data from EODHD. Averages use the opening and closing balance of each year.
DY valuation and financial ratios
At the end of fiscal 2026 (January 31, 2026), Dycom Industries traded at 38.1 times earnings, against a 10-year median of 23.8. Based on the latest twelve months, the trailing P/E is 23.2 and the forward P/E is 25.1. Dycom Industries earned a return on equity of 18.2% and a return on invested capital of 16.8% in fiscal 2026. It ended the year with $3.0 billion of debt and $709.2 million in cash and short-term investments, net debt of $2.3 billion. It returned $32.1 million to shareholders: $0 in dividends and $32.1 million in share buybacks, 8% of free cash flow. The share count fell 11.2% from 33.1M to 29.4M over 9 years.
See the DY income statement, the DY chart for price history, or the DY stock overview for the latest quote and news.
DY key metrics FAQ
What is Dycom Industries's P/E ratio?
Dycom Industries's trailing P/E ratio is 23.2 based on the last twelve months of earnings (as of October 18, 2026), and its forward P/E is 25.1. At the end of fiscal 2026 it was 38.1, compared with a 10-year median of 23.8.
What is Dycom Industries's EV/EBITDA?
Dycom Industries's enterprise value was 18.5 times EBITDA at the end of fiscal 2026 (enterprise value $13.0 billion, EBITDA $704.0 million); the current EV/EBITDA is 12.3.
What is Dycom Industries's return on equity?
Dycom Industries's return on equity (ROE) was 18.2% in fiscal 2026: net income of $281.2 million on average shareholders' equity of $1.5 billion.
What is Dycom Industries's ROIC?
Dycom Industries's return on invested capital was 16.8% in fiscal 2026, using after-tax operating income divided by average debt plus equity minus cash.
How much debt does Dycom Industries have?
Dycom Industries had total debt of $3.0 billion at the end of fiscal 2026, a debt-to-equity ratio of 1.61 and $2.3 billion of net debt (3.24 times EBITDA).
Does Dycom Industries buy back its shares?
Yes. Dycom Industries spent $32.1 million on net share repurchases in fiscal 2026 Shares outstanding changed −0.2% over the year, to 29.4M..
What is Dycom Industries's free cash flow yield?
Dycom Industries generated $401.7 million of free cash flow in fiscal 2026, a free cash flow yield of 3.7% on its market value at year-end ($10.7 billion).
What is Dycom Industries's current ratio?
Dycom Industries's current ratio was 2.74 at the end of fiscal 2026: current assets were 2.74 times current liabilities.