DY DYCOM INDUSTRIES INC

Overview and Growth

In fiscal 2026, DYCOM INDUSTRIES INC recorded $5.55B of revenue, net income of $281.19M, and an operating cash inflow of $642.50M. Revenue of $5.55B sets the scale for evaluating how effectively sales translated into profit and cash during the year. Compared with $4.70B in fiscal 2025, revenue recorded a 17.9% year-over-year increase. On a per-share basis, diluted EPS was $9.56, which connects the reported earnings outcome with the company’s diluted share count. Diluted EPS increased by 20.7% from $7.92 in fiscal 2025, showing how the earnings change reached shareholders on a per-share basis. Revenue equaled 0.93x of total assets, indicating how much reported top-line activity the company produced relative to its period-end asset base.

Profitability

After reported cost of revenue, the company retained $1.14B as gross profit before recognizing operating expenses and other items. Gross margin was 20.6%, so that share of each revenue unit remained after the cost of revenue reported for the period. After all reported below-operating-line items, the company recorded net income of $281.19M for the fiscal year. Measured against reported revenue, net income produced a 5.1% margin after operating costs and the remaining recognized items. Pretax income was $367.88M, isolating the reported earnings outcome before the income-tax provision recognized for the fiscal year. Measured against revenue, pretax income equaled 6.6%, adding a pre-tax profitability layer between revenue and net income. The reported income-tax provision was $86.69M, the amount recognized between pretax income and the final net-income result. The income-tax provision equaled 23.6% of pretax income, showing the tax burden absorbed by the year’s earnings. The relationship between net income and period-end equity was 15.1%, indicating the profitability achieved on book capital.

Liquidity and Capital Structure

Total assets were $5.98B, supported by $4.12B of liabilities and $1.86B of shareholder equity. Current assets were $2.76B against $1.01B of current liabilities, framing the resources and obligations classified within the near-term balance-sheet horizon. At 2.74x, the current ratio shows that short-term assets were greater than short-term liabilities at period end. Reported cash and equivalents were $709.16M, separating immediately recognizable cash resources from the rest of the current-asset base. Cash and equivalents represented 70.4% of current liabilities, showing the portion of near-term obligations matched by reported cash alone. Borrowings totaled $2.81B, adding a fixed financing obligation alongside the company’s equity capital. Debt equaled 1.51x of book equity, describing the relative scale of borrowing and shareholder capital. The debt-to-assets relationship was 47.1%, comparing borrowing with the total asset balance. Liabilities represented 68.9% of total assets, quantifying the liability-funded share of the company’s resource base. Cash and equivalents equaled 11.9% of total assets, showing the liquid cash component within the company’s broader resource base. Total assets were 103.0% higher than fiscal 2025 assets of $2.95B, measuring the company’s own balance-sheet change.

Cash Flow and Earnings Quality

Cash flow from operations was $642.50M, a reported cash inflow that can be compared directly with net income and capital spending. Against net income, operating cash flow measured 2.28x, showing the relationship between accrual earnings and operating cash. Capital expenditures used $240.79M, identifying the reported investment outflow deducted from operating cash flow in the free-cash-flow calculation. Capital expenditures represented 37.5% of operating cash flow, leaving the remainder available as free cash flow. Free cash flow came to $401.71M, leaving a positive amount after capital expenditures. Free cash flow represented 7.2% of revenue, linking post-investment cash generation with the company’s operating scale. The free-cash-flow-to-assets relationship was 6.7%, comparing post-investment cash with the balance-sheet asset base.

Based on the annual report for the fiscal year ending Jan 31, 2026. Analysis generated Oct 21, 2026.