# Dycom Industries, Inc. (DY)

> Source: Nexqual · https://nexqual.com/DY · data as of 2026-10-22 20:00 UTC · cite as "Nexqual, Dycom Industries, Inc. (DY), nexqual.com/DY" · informational, not investment advice.

**Price:** USD 225.16 (-5.18% on the day) · last close of Oct 22, 2026; US market pre market, not a live price. Prev close 237.45 · day 223.8–233.86 · 52w 223.8–566.47 · market cap $6.79B · NYQ

## Key facts
- Last four reported quarters (through Aug 1, 2026): revenue $6.88B, net income $330M (4.8% margin), free cash flow $469M (SEC filings).
- Valuation: P/E 20.6x (avg 25.7x at the last 3 fiscal year-ends), net debt $2.48B.
- 1 of 80 tracked superinvestors hold DY (13F, Q2 2026): 0 new, 0 added, 1 reduced, 0 unchanged.
- Insider open-market purchases, last ~7 months: 3 Form 4 filings, $551K; 0 by opportunistic insiders, 0 by routine insiders.
- Analysts: Buy (mean 1.91 on a 1–5 scale) (11 analysts), mean target USD 513.18 (range 375–625).
- Total return with dividends: 1Y -21.4% vs S&P 500 +14.9%; 5Y +181.9% vs S&P 500 +80.3%.
- Next earnings: 2026-11-25, EPS estimate USD 4.53, revenue estimate $1.94B.

## Financials (SEC 10-K; TTM = last four 10-Q/10-K quarters)
| USD | FY2022 | FY2023 | FY2024 | FY2025 | FY2026 | TTM |
|---|---|---|---|---|---|---|
| Revenue | $3.13B | $3.81B | $4.18B | $4.70B | $5.55B | $6.88B |
| Net income | $48.6M | $142M | $219M | $233M | $281M | $330M |
| EPS (diluted) | $1.57 | $4.74 | $7.37 | $7.92 | $9.56 | — |
| Free cash flow | $152M | -$36.2M | $40.5M | $98.6M | $402M | $469M |
| Net margin | 1.6% | 3.7% | 5.2% | 5.0% | 5.1% | 4.8% |
| Revenue growth | -2.1% | +21.7% | +9.6% | +12.6% | +17.9% | — |
| Cash + short-term investments | $311M | $224M | $101M | $92.7M | $709M | — |
| Total debt | $841M | $825M | $809M | $943M | $2.81B | — |
Fiscal years end Jan. EPS is split-adjusted.

## Valuation (price ÷ last four quarters, through Aug 1, 2026)
P/E 20.6x · P/S 1.0x · EV/Sales 1.4x · P/FCF 14.5x · P/B 3.3x · FCF yield 6.90% · Earnings yield 4.85% · Buyback yield (TTM) 0.53% · Net debt $2.48B · EV $9.27B
P/E at fiscal year-ends: Jan 2026 38.1x, Jan 2025 23.9x, Jan 2024 15.2x.

## Superinvestors (SEC 13F-HR, Q2 2026)
1 of 80 tracked investors hold DY. Each row is the investor's latest 13F; change is vs their prior-quarter share count.
| Investor | Firm | % of portfolio | Value | Change |
|---|---|---|---|---|
| First Eagle Investment | First Eagle Investment Management | 0.02% | $14.2M | Reduced -10.7% |

## Insider purchases (SEC Form 4, open-market, last ~7 months)
3 purchases, $551K. Private placements, offerings, dividend reinvestment and employee stock purchase plan buys are excluded.
| Trade date | Insider | Role | Shares | Value | Avg price | Insider type |
|---|---|---|---|---|---|---|
| 2026-09-23 | Sabater Carmen M | Director | 350 | $98K | 280.62 | Too little history (no open-market trades in 2023–2025) |
| 2026-09-09 | Peyovich Daniel S | President & CEO | 850 | $252K | 296.76 | Too little history (no open-market trades in 2023–2025) |
| 2026-09-01 | Fallon David Joseph | Director | 700 | $201K | 286.92 | Too little history (no open-market trades in 2023–2025) |
Insider type follows Cohen, Malloy & Pomorski (Journal of Finance, 2012). An insider who traded the stock in the same calendar month in each of the past three years is a routine trader; one who traded in each of those years without such a pattern is an opportunistic trader. In their study, trades by opportunistic insiders predicted future returns and trades by routine insiders did not. Counts open-market purchases and sales only (SEC Form 4 codes P and S) by that insider in that company. Not investment advice.

## Analysts
Consensus Buy (mean 1.91 on a 1–5 scale), 11 analysts; mean target USD 513.18 (low 375, high 625).
Rating changes, last 120 days:
| Date | Firm | Action | Rating | Price target |
|---|---|---|---|---|
| 2026-10-09 | Cantor Fitzgerald | Reiterated | Overweight | $476 |
| 2026-09-24 | Cantor Fitzgerald | Reiterated | Overweight | $476 |
| 2026-09-21 | Keybanc | Target raised | Overweight | $423 → $429 |
| 2026-09-17 | Guggenheim | Reiterated | Buy | $620 |
| 2026-08-28 | Cantor Fitzgerald | Reiterated | Overweight | $476 |
| 2026-08-27 | JP Morgan | Target lowered | Overweight | $650 → $570 |
| 2026-08-27 | UBS | Target lowered | Buy | $611 → $525 |
| 2026-08-27 | Wells Fargo | Target lowered | Overweight | $650 → $550 |
| 2026-08-27 | Keybanc | Target lowered | Overweight | $610 → $423 |
| 2026-08-27 | Cantor Fitzgerald | Target lowered | Overweight | $654 → $476 |

## Total return (dividends reinvested)
|  | 1Y (from 2025-10-23) | 5Y (from 2021-10-18) |
|---|---|---|
| Total return | -21.4% | +181.9% |
| S&P 500 (SPY) | +14.9% | +80.3% |
| Per year | -21.4% | +23.0% |
| Volatility (annualized) | 52.9% | 42.6% |
| Max drawdown | -57.9% (May 2026→Oct 2026) | -55.9% (May 2026→Oct 2026) |

## Peers (Engineering & Construction)
ACA (Arcosa, Inc.) USD 149.15 +0.08% · ACM (AECOM) USD 60.83 +2.25% · STN (Stantec Inc) USD 72.77 +3.63% · FLR (Fluor Corporation) USD 43.42 -6.44% · TTEK (Tetra Tech, Inc.) USD 36.81 +5.02% · ECG (Everus Construction Group, Inc.) USD 97.05 -8.44%

## More
Full page: https://nexqual.com/DY · Free keyless MCP server with the same data and citations: https://mcp.nexqual.com/mcp · Guide for agents: https://nexqual.com/agents · https://nexqual.com/llms.txt

## Revenue by business segment (quarter ended 2026-08-01)

| Line | Revenue | Share | YoY |
|---|---|---|---|
| Communications | $1.61B | 80.2% | +16.7% |
| Building Systems | $397.5M | 19.8% | — |
| Total revenue | $2.01B | 100% | — |

## Customer concentration

Period ended 2026-08-01: 20.1%, 10.4%, 5.3% of revenue from unnamed direct customers (10-Q, filed 2026-08-27).

## Analyst estimates and revisions

| Period | EPS est. | 90d ago | Change | Revenue est. | Analysts |
|---|---|---|---|---|---|
| Current quarter (ends 2026-10-31) | $4.53 | $4.68 | -3.3% | $1.94B | 4 |
| Next quarter (ends 2027-01-31) | $2.85 | $2.87 | -0.7% | $1.69B | 4 |
| Current fiscal year (ends 2027-01-31) | $17.06 | $16.56 | +3.0% | $7.58B | 5 |
| Next fiscal year (ends 2028-01-31) | $20.77 | $19.95 | +4.1% | $8.58B | 5 |