DYCOM INDUSTRIES INC

Listed Company

DYCIK 0000067215NYSELarge AcceleratedWater, Sewer, Pipeline, Comm & Power Line ConstructionFloridaFY ends Jan 30

Period

FY 2026

Revenue

$5.55B

Net Income

$281.19M

Total Assets

$5.98B

Equity

$1.86B

Shares Out

29.97M

Op. Cash Flow

$642.50M

Business

DYCOM INDUSTRIES INC is a provider of specialty contracting services to the telecommunications infrastructure and utility industries throughout the United States. It offers a comprehensive portfolio including program management, planning, engineering and design; aerial, underground and wireless construction; maintenance and fulfillment services; underground facility locating; tower and small cell work; and customer premise equipment installation and testing. The company operates through multiple operating companies and service lines focused on engineering services, construction, maintenance, installation and project management. It serves telephone companies, cable multiple system operators, wireless carriers, equipment providers and electric and gas utilities nationwide through field offices and contractual master service agreements.

Summary from filing dated 2025-02-28

Financials

Consolidated Statement of Income

Year Ended · In millions, except per-share amounts

Concept	FY 2026 2026-01-31	FY 2025 2025-01-31	FY 2024 2024-01-31	FY 2023 2023-01-31	FY 2022 2022-01-31
Contract revenues	5,546	4,702	4,176	3,809	3,131
Costs of earned revenues, excluding depreciation and amortization	4,406	3,770	3,362	3,160	2,634
General and administrative	445	393	328	293	262
Depreciation and amortization	270	199	163	144	153
Total	5,121	4,361	3,853	3,598	3,049
Interest expense, net	−67	−61	−53	−41	−33
Loss on debt extinguishment	−7	−965,000	0	0	−62,000
Other income, net	17	29	22	10	4
Income before income taxes	368	308	292	180	53
Provision for income taxes	87	74	73	38	4
Net income	281	233	219	142	49
Basic earnings per common share (in dollars per share)	9.68	8.02	7.46	4.81	1.6
Diluted earnings per common share (in dollars per share)	9.56	7.92	7.37	4.74	1.57
Basic (in shares)	29	29	29	30	30
Diluted (in shares)	29	29	30	30	31

Consolidated Balance Sheet

As of · In millions, except per-share amounts

Concept	FY 2026 2026-01-31	FY 2025 2025-01-31	FY 2024 2024-01-31	FY 2023 2023-01-31	FY 2022 2022-01-31
Cash and equivalents	709	93	101	224	311
Accounts receivable, net (Note 6)	1,697	1,374	1,243	1,067	896
Contract assets	162	63	52	44	25
Inventories	128	127	109	115	81
Income tax receivable	20	3	3	4	13
Other current assets	40	35	42	39	31
Total current assets	2,757	1,695	1,550	1,493	1,356
Property and equipment, net	575	542	445	368	295
Operating lease right-of-use assets	170	112	76	67	61
Goodwill	1,443	330	312	273	272
Intangible assets, net	926	220	109	87	102
Other assets	108	47	25	26	32
Total assets	5,979	2,945	2,517	2,313	2,118
Accounts payable	497	223	222	208	156
Current portion of debt	4	10	18	18	18
Contract liabilities	159	74	39	20	19
Accrued insurance claims	48	47	44	41	37
Operating lease liabilities	42	36	32	28	25
Income taxes payable	771,000	31	4	15	233,000
Other accrued liabilities	256	167	147	141	128
Total current liabilities	1,007	587	506	470	382
Long-term debt	2,810	933	791	807	823
Accrued insurance claims - non-current	58	50	49	49	48
Operating lease liabilities - non-current	135	77	44	40	37
Deferred tax liabilities, net - non-current	85	32	50	60	56
Other liabilities	24	27	21	18	14
Total liabilities	4,120	1,706	1,462	1,444	1,360
COMMITMENTS AND CONTINGENCIES (Note 22)	—	—	—	—	—
Preferred stock, par value $1.00 per share: 1,000,000 shares authorized: no shares issued and outstanding	0	0	0	0	0
Common stock, par value $0.33 1/3 per share: 150,000,000 shares authorized: 29,969,648 and 28,978,949 issued and outstanding, respectively	10	10	10	10	10
Additional paid-in capital	382	9	6	6	2
Retained earnings	1,467	1,220	1,040	855	748
Total stockholders equity	1,859	1,239	1,055	869	759
Total liabilities and stockholders equity	5,979	2,945	2,517	2,313	2,118

Consolidated Statement of Cash Flows

Year Ended · In millions, except per-share amounts

Concept	FY 2026 2026-01-31	FY 2025 2025-01-31	FY 2024 2024-01-31	FY 2023 2023-01-31	FY 2022 2022-01-31
Non-cash lease expense	54	41	35	32	32
Deferred income tax provision (benefit)	53	−17	−11	5	8
Stock-based compensation	34	40	25	18	10
Provision for (recovery of) bad debt, net	2	−1	274,000	3	3
Gain on sale of fixed assets	−27	−36	−28	−17	−4
Amortization of debt issuance costs and other	4	4	3	3	3
Accounts receivable, net	−842,000	−118	−142	−174	−41
Contract assets/liabilities, net	−111	31	23	−18	177
Other current assets and inventories	−8	4	3	−41	−12
Other assets	−50	−21	408,000	6	2
Income taxes receivable/payable	−47	26	−14	23	−17
Accounts payable	223	−17	7	49	−5
Accrued liabilities, insurance claims, operating lease liabilities, and other liabilities	−42	−21	−25	−10	−50
Net cash provided by operating activities	643	349	259	165	309
Capital expenditures	−241	−250	−218	−201	−157
Proceeds from sale of assets	34	39	35	17	5
Cash paid for acquisitions, net of cash acquired	−1,629	−184	−123	−350,000	0
Net cash used in investing activities	−1,836	−395	−306	−184	−152
Proceeds from borrowings on senior credit agreement, including term loans	2,969	987	763	0	95
Principal payments on senior credit agreement, including term loans	−1,079	−852	−781	−18	−272
Debt issuance costs	−34	−7	0	0	−12
Repurchase of common stock	−30	−66	−50	−49	−106
Proceeds from borrowings on senior secured bridge loan	600	0	0	0	500
Principal payments on senior secured bridge loan	−600	0	0	—	—
Exercise of stock options	−2	−8	1	5	—
Restricted stock tax withholdings	−14	−17	−10	−6	−7
Net cash provided by (used in) financing activities	1,810	38	−76	−67	142
Net increase (decrease) in cash, cash equivalents and restricted cash	616	−8	−123	−87	299
Cash paid for interest	62	58	51	38	22
Cash paid for taxes, net	84	62	97	7	9
Purchases of capital assets included in accounts payable or other accrued liabilities at period end	7	16	7	8	7
Deferred financing costs included in accounts payable or other accrued liabilities at period end	3	0	0	—	—
Common stock issued for acquisitions	351	0	0	—	—

Filings

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