DYCOM INDUSTRIES INC
DY · Water, Sewer, Pipeline, Comm & Power Line Construction · 30.0M shares · -2%/yr ↓ buyback · EDGAR filings ↗
Net buyback after stock comp: $24M (gross $50M, SBC $25M)
Reference price $345.62 · est. market cap ~$10.4B — last insider sale, 2026-01-09 (estimated from the dated SEC Form 4 price × shares outstanding — not a live quote)
Grade
B74Scaled specialty contractor riding fiber/data-center tailwinds with top-quartile ROE.
Strengths
- ROE 15.1% (72nd), ROA 4.7% (77th) and free cash flow $402M (82nd) with strong fiber/data-center demand
- Long-term master service agreements (92% of revenue) and Power Solutions adds data-center electrical capability
Risks
- Heavy customer concentration (AT&T 25%, Verizon 14%, Lumen 11% — top three >50%)
- Elevated debt/equity 1.51 (86th) following the ~$1.95B Power Solutions acquisition
Notable findings
- Exec changeRecent 8-K item 5.02 8-K ↗
- Customer concentration~10% of revenue from one customer/distributor — The following reflects the percentage of total contract revenues from customers who contributed at least 10% to our total contract revenues during fiscal 2026, fiscal 2025, or fiscal 2024: Fiscal Ye
- Insider sellingInsider selling — 1 open-market sale(s) by 1 insider(s) (~$1M, last 6mo) Form 4 ↗
Quarterly revenue
Last 4 quarters · from SEC filings.
Key metrics
Net margin
5.1%
Return on equity
15.1%
Return on assets
4.7%
Revenue growth (QoQ)
34.8%
Net-income growth
20.5%
Debt / equity
1.5×
Current ratio
2.7×
Free cash flow
$402M
Tangible book value
-$510M
Cash & investments
$709M
Stock comp / revenue
0.6%
Insider transactions · last 18 months
| Date | Insider | Type | Shares | Price |
|---|---|---|---|---|
| 2026-06-02 | Fritzsche Jennifer M | Gift | 100 | — |
| 2026-05-28 | Gertel Eitan | Grant | 331 | — |
| 2026-05-28 | Skillern Raejeanne | Grant | 331 | — |
| 2026-05-28 | Sabater Carmen M | Grant | 331 | — |
| 2026-05-28 | Fritzsche Jennifer M | Grant | 331 | — |
| 2026-05-28 | Pruitt Peter T Jr | Grant | 331 | — |
| 2026-05-28 | Sykes Richard K | Grant | 331 | — |
| 2026-05-28 | Sykes Richard K | Grant | 142 | — |
| 2026-05-28 | GALLAGHER PHILIP R | Grant | 331 | — |
| 2026-05-28 | LeClair Stephen O | Grant | 331 | — |
| 2026-05-04 | Fritzsche Jennifer M | Grant | 25 | $429.47 |
| 2026-05-04 | GALLAGHER PHILIP R | Grant | 28 | $429.47 |
| 2026-05-04 | Skillern Raejeanne | Grant | 41 | $429.47 |
| 2026-05-04 | LeClair Stephen O | Grant | 28 | $429.47 |
| 2026-03-30 | Floyd Heather M | Tax withheld | 627 | $341.96 |
| 2026-03-30 | Ramshaw Jill L | Grant | 1.2K | — |
| 2026-03-30 | Ramshaw Jill L | Tax withheld | 637 | $341.96 |
| 2026-03-30 | Wetherington Kevin M | Grant | 3.6K | — |
| 2026-03-30 | Peyovich Daniel S | Grant | 13K | — |
| 2026-03-30 | Peyovich Daniel S | Tax withheld | 7.9K | $341.96 |
| 2026-03-30 | URNESS RYAN F | Grant | 6.0K | — |
| 2026-03-30 | URNESS RYAN F | Tax withheld | 4.4K | $341.96 |
| 2026-03-30 | Floyd Heather M | Grant | 809 | — |
| 2026-03-30 | Floyd Heather M | Tax withheld | 342 | $341.96 |
| 2026-03-30 | DeFerrari H Andrew | Grant | 9.3K | — |
| 2026-03-30 | DeFerrari H Andrew | Tax withheld | 6.2K | $341.96 |
| 2026-03-24 | Ramshaw Jill L | Grant | 1.1K | — |
| 2026-03-24 | Wetherington Kevin M | Grant | 3.9K | — |
| 2026-03-24 | Skillern Raejeanne | Grant | 88 | — |
| 2026-03-24 | Peyovich Daniel S | Grant | 6.9K | — |
| 2026-03-24 | URNESS RYAN F | Grant | 1.7K | — |
| 2026-03-24 | Floyd Heather M | Grant | 1.9K | — |
| 2026-03-24 | DeFerrari H Andrew | Grant | 2.6K | — |
| 2026-02-17 | Ramshaw Jill L | Tax withheld | 114 | $427.48 |
| 2026-02-02 | Fritzsche Jennifer M | Grant | 33 | $383.58 |
| 2026-02-02 | LeClair Stephen O | Grant | 59 | $383.58 |
| 2026-02-02 | GALLAGHER PHILIP R | Grant | 32 | $383.58 |
| 2026-01-09 | Gertel Eitan | Sell | 3.6K | $345.62 |
| 2025-12-02 | DeFerrari H Andrew | Tax withheld | 330 | $350.06 |
| 2025-12-02 | URNESS RYAN F | Tax withheld | 318 | $350.06 |
| 2025-11-30 | Peyovich Daniel S | Tax withheld | 1.0K | $361.53 |
| 2025-11-07 | LeClair Stephen O | Grant | 337 | — |
| 2025-10-27 | Fritzsche Jennifer M | Grant | 44 | $284.16 |
| 2025-10-27 | GALLAGHER PHILIP R | Grant | 52 | $284.16 |
| 2025-10-07 | GALLAGHER PHILIP R | Grant | 381 | — |
| 2025-07-28 | Fritzsche Jennifer M | Grant | 48 | $264.27 |
| 2025-06-01 | Peyovich Daniel S | Tax withheld | 329 | $229.92 |
| 2025-05-29 | Fritzsche Jennifer M | Gift | 190 | — |
| 2025-05-22 | Avila Marco Luis | Grant | 781 | — |
| 2025-05-22 | Sykes Richard K | Grant | 781 | — |
| 2025-05-22 | Sabater Carmen M | Grant | 781 | — |
| 2025-05-22 | Fritzsche Jennifer M | Grant | 781 | — |
| 2025-05-22 | Pruitt Peter T Jr | Grant | 781 | — |
| 2025-05-22 | THOMSEN LAURIE J | Grant | 781 | — |
| 2025-05-22 | Gertel Eitan | Grant | 781 | — |
| 2025-04-28 | Avila Marco Luis | Grant | 68 | $166.96 |
| 2025-04-28 | Fritzsche Jennifer M | Grant | 54 | $166.96 |
| 2025-04-28 | Robinson Stephen C | Grant | 79 | $166.96 |
| 2025-03-30 | Peyovich Daniel S | Grant | 9.4K | — |
| 2025-03-30 | Peyovich Daniel S | Tax withheld | 5.0K | $153.89 |
| 2025-03-30 | DeFerrari H Andrew | Grant | 8.8K | — |
| 2025-03-30 | DeFerrari H Andrew | Tax withheld | 5.6K | $153.89 |
| 2025-03-30 | Floyd Heather M | Grant | 440 | — |
| 2025-03-30 | Floyd Heather M | Tax withheld | 305 | $153.89 |
| 2025-03-30 | URNESS RYAN F | Grant | 5.6K | — |
| 2025-03-30 | URNESS RYAN F | Tax withheld | 4.0K | $153.89 |
| 2025-03-25 | Wetherington Kevin M | Grant | 7.3K | — |
| 2025-03-25 | Floyd Heather M | Grant | 1.4K | — |
| 2025-03-25 | URNESS RYAN F | Grant | 3.5K | — |
| 2025-03-25 | DeFerrari H Andrew | Grant | 5.3K | — |
| 2025-03-25 | Peyovich Daniel S | Grant | 12K | — |
| 2025-03-25 | Ramshaw Jill L | Grant | 2.4K | — |
| 2025-02-17 | Ramshaw Jill L | Grant | 1.6K | — |
| 2025-01-27 | Robinson Stephen C | Grant | 74 | $178.16 |
| 2025-01-27 | Fritzsche Jennifer M | Grant | 51 | $178.16 |
| 2025-01-27 | Avila Marco Luis | Grant | 64 | $178.16 |
| 2025-01-10 | Pruitt Peter T Jr | Sell | 2.9K | $175.08 |
| 2025-01-06 | Peyovich Daniel S | Tax withheld | 1.1K | $180.84 |
All non-derivative Form 4 activity (SEC), newest first.
Supply chain
Customers (5)
- AT&T, Inc. 25% of rev
- Verizon Communications, Inc. 14% of rev
- Lumen Technologies, Inc. 11% of rev
- Comcast Corporation 7% of rev
- Frontier Communications Corporation
Suppliers (0)
Named in the 10-K; linked when we track them.
Notable events (8-K)
| Date | Items | |
|---|---|---|
| 2026-06-01 | Exec/director changeShareholder vote | filing ↗ |
| 2026-05-27 | ResultsExhibits | filing ↗ |
| 2026-03-24 | Exec/director changeExhibits | filing ↗ |
| 2026-03-10 | Exhibits | filing ↗ |
| 2026-03-04 | ResultsExhibits | filing ↗ |
| 2026-01-27 | Material agreementDebt obligationExhibits | filing ↗ |
| 2025-12-23 | Material agreementAcquisition/dispositionDebt obligationReg FDExhibits | filing ↗ |
| 2025-12-19 | Exec/director change | filing ↗ |
Recent filings
| Form | Filed | Period | Accession |
|---|---|---|---|
| 8-K | 2026-06-01 | 2026-05-28 | 0000067215-26-000028 ↗ |
| 10-Q | 2026-05-28 | 2026-05-02 | 0000067215-26-000025 ↗ |
| 8-K | 2026-05-27 | 2026-05-27 | 0000067215-26-000023 ↗ |
| 8-K | 2026-03-24 | 2026-03-24 | 0000067215-26-000011 ↗ |
| 8-K/A | 2026-03-10 | 2025-12-23 | 0001193125-26-099470 ↗ |
| 10-K | 2026-03-09 | 2026-01-31 | 0000067215-26-000008 ↗ |
| 8-K | 2026-03-04 | 2026-03-04 | 0000067215-26-000004 ↗ |
| 8-K | 2026-01-27 | 2026-01-27 | 0001193125-26-024606 ↗ |
| 8-K | 2025-12-23 | 2025-12-23 | 0001193125-25-330970 ↗ |
| 8-K | 2025-12-19 | 2025-12-18 | 0001193125-25-326900 ↗ |
| 8-K/A | 2025-11-21 | 2025-11-18 | 0001193125-25-291378 ↗ |
| 10-Q | 2025-11-20 | 2025-10-25 | 0000067215-25-000079 ↗ |