DYCOM INDUSTRIES INC (DY) Stock Analysis — April 2026 Rating, Price, and Forecast
Company Overview — What Does DYCOM INDUSTRIES INC Do?
Dycom Industries, Inc. provides specialty contracting services in the United States. The company offers program management and engineering services; plans and designs aerial, underground, and buried fiber optic, copper, and coaxial cable systems; and construction, maintenance, and installation services, such as placement and splicing of fiber, copper, and coaxial cables to telecommunications providers. It also provides tower construction, lines and antenna installation, foundation and equipment pad construction, and small cell site placement for wireless carriers, as well as equipment installation and material fabrication, and site testing services; and installs and maintains customer premise equipment, such as digital video recorders, set top boxes, and modems for cable system operators. In addition, the company offers construction and maintenance services for electric and gas utilities, and other customers; and underground facility locating services, such as locating telephone, cable television, power, water, sewer, and gas lines for various utility companies, including telecommunication providers. Dycom Industries, Inc. was incorporated in 1969 and is headquartered in Palm Beach Gardens, Florida. DYCOM INDUSTRIES INC (DY) is classified as a large-cap stock in the Industrials sector, specifically within the Construction industry. The company is led by CEO Steven E. Nielsen and employs approximately 15,400 people, headquartered in Palm Beach Gardens, Florida. With a market capitalization of $10.4B, DY is one of the prominent companies in the Industrials sector.
DYCOM INDUSTRIES INC (DY) Stock Rating — Hold (April 2026)
As of April 2026, DYCOM INDUSTRIES INC receives a Hold rating with a composite score of 51.8/100 and 3 out of 5 stars from the Blank Capital Research quantitative model.DY ranks #1,463 out of 4,446 stocks in our coverage universe. Within the Industrials sector, DYCOM INDUSTRIES INC ranks #230 of 752 stocks, placing it in the upper half of its Industrials peers. The rating is generated by a multi-factor model that weighs quality (30%), momentum (25%), value (15%), investment (10%), stability (10%), and short interest (10%).
DY Stock Price and 52-Week Range
DYCOM INDUSTRIES INC (DY) currently trades at $393.00. The stock gained $1.38 (0.4%) in the most recent trading session. The 52-week high for DY is $445.52, which means the stock is currently trading -11.8% from its annual peak. The 52-week low is $131.37, putting the stock 199.2% above its annual trough. Recent trading volume was 455K shares, suggesting relatively thin trading activity.
Is DY Overvalued or Undervalued? — Valuation Analysis
DYCOM INDUSTRIES INC (DY) carries a value factor score of 56/100 in the Blank Capital model, indicating fair valuation relative to historical norms. The trailing price-to-earnings ratio is 31.95x, compared to the Industrials sector average of 28.33x — a premium of 13%. The price-to-book ratio stands at 5.75x, versus the sector average of 2.23x. The price-to-sales ratio is 1.99x, compared to 0.50x for the average Industrials stock. On an enterprise value basis, DY trades at 22.38x EV/EBITDA, versus 5.70x for the sector. The EV/EBIT multiple is 28.64x.
Overall, DY's valuation appears roughly in line with sector benchmarks, suggesting the market is pricing the stock fairly given its current fundamentals and growth trajectory. Neither deep value nor significantly overpriced, the stock occupies a middle ground on valuation.
DYCOM INDUSTRIES INC Profitability — ROE, Margins, and Quality Score
DYCOM INDUSTRIES INC (DY) earns a quality factor score of 50/100, indicating solid business quality with consistent operational execution. The return on equity (ROE) is 18.0%, compared to the Industrials sector average of 8.9%, which is within a healthy range. Return on assets (ROA) comes in at 5.6% versus the sector average of 3.3%.
On a margin basis, DYCOM INDUSTRIES INC reports gross margins of 74.1%, compared to 35.8% for the sector. The operating margin is 8.8% (sector: 6.2%). Net profit margin stands at 6.2%, versus 3.9% for the average Industrials stock. Revenue growth is running at 20.7% on a trailing basis, compared to 6.4% for the sector. The overall profitability profile is adequate, though there may be room for margin expansion.
DY Debt, Balance Sheet, and Financial Health
DYCOM INDUSTRIES INC has a debt-to-equity ratio of 222.0%, compared to the Industrials sector average of 70.0%. This elevated leverage warrants close monitoring, as it increases the company's sensitivity to rising interest rates and economic downturns. The current ratio is 2.74x, indicating strong short-term liquidity. Total debt on the balance sheet is $939M. Cash and equivalents stand at $110M.
DY has a beta of 0.89, meaning it is roughly in line with the broader market in terms of price volatility. The stability factor score for DYCOM INDUSTRIES INC is 62/100, reflecting average volatility within the normal range for its sector.
DYCOM INDUSTRIES INC Revenue and Earnings History — Quarterly Trend
In TTM 2026, DYCOM INDUSTRIES INC reported revenue of $5.36B and earnings per share (EPS) of $9.68. Net income for the quarter was $335M. Gross margin was 74.1%. Operating income came in at $478M.
In FY 2026, DYCOM INDUSTRIES INC reported revenue of $5.55B and earnings per share (EPS) of $9.68. Net income for the quarter was $281M. Revenue grew 17.9% year-over-year compared to FY 2025. Operating income came in at $425M.
In Q3 2026, DYCOM INDUSTRIES INC reported revenue of $1.45B and earnings per share (EPS) of $3.67. Net income for the quarter was $106M. Revenue grew 14.1% year-over-year compared to Q3 2025. Operating income came in at $151M.
In Q2 2026, DYCOM INDUSTRIES INC reported revenue of $1.38B and earnings per share (EPS) of $3.37. Net income for the quarter was $97M. Revenue grew 14.5% year-over-year compared to Q2 2025. Operating income came in at $140M.
Over the past 8 quarters, DYCOM INDUSTRIES INC has demonstrated a growth trajectory, with revenue expanding from $1.20B to $5.36B. Investors analyzing DY stock should weigh these quarterly trends alongside the valuation and quality metrics discussed above.
DY Dividend Yield and Income Analysis
DYCOM INDUSTRIES INC (DY) does not currently pay a dividend. This is common among growth-oriented companies in the Construction industry that prefer to reinvest cash flows into business expansion rather than returning capital to shareholders. Income-focused investors looking for Industrials dividend stocks may want to explore other Industrials stocks or use the stock screener to filter by dividend yield.
DY Momentum and Technical Analysis Profile
DYCOM INDUSTRIES INC (DY) has a momentum factor score of 67/100, reflecting neutral trend characteristics. The stock is neither significantly outperforming nor underperforming the broader market on a momentum basis. The investment factor score is 26/100, which measures capital allocation efficiency and asset growth patterns. The short interest score of 29/100 signals elevated short interest, which can indicate bearish sentiment among institutional investors.
DY vs Competitors — Industrials Sector Ranking and Peer Comparison
Within the Industrials sector, DYCOM INDUSTRIES INC (DY) ranks #230 out of 752 stocks based on the Blank Capital composite score. This places DY in the upper half of all Industrials stocks in our coverage universe. Key competitors and sector peers include South Bow Corp (SOBO) with a score of 56.5/100, TSAKOS ENERGY NAVIGATION LTD (TEN) with a score of 61.4/100, Great Lakes Dredge & Dock CORP (GLDD) with a score of 56.7/100, Tri Pointe Homes, Inc. (TPH) with a score of 57.3/100, and Clear Channel Outdoor Holdings, Inc. (CCO) with a score of 52.2/100.
Comparing DY against the S&P 500 benchmark is also instructive for understanding relative performance. Investors can view the full DY vs S&P 500 (SPY) comparison to assess how DYCOM INDUSTRIES INC stacks up against the broader market across all factor dimensions.
DY Next Earnings Date
No upcoming earnings date has been announced for DYCOM INDUSTRIES INC (DY) at this time. Check the earnings calendar for the latest scheduling updates across all stocks in our coverage universe.
Should You Buy DY? — Investment Thesis Summary
DYCOM INDUSTRIES INC presents a balanced picture with arguments on both sides. Price momentum is positive at 67/100, suggesting the trend favors buyers. Low volatility (stability score 62/100) reduces downside risk.
In summary, DYCOM INDUSTRIES INC (DY) earns a Hold rating with a composite score of 51.8/100 as of April 2026. The rating is derived from the Blank Capital Research methodology, which combines six factor dimensions into a single quantitative ranking. Investors should consider these quantitative signals alongside their own fundamental research, risk tolerance, and investment time horizon before making buy or sell decisions on DY stock.
Related Resources for DY Investors
Explore more research and tools: DY vs S&P 500 comparison, top Industrials stocks, stock screener, our methodology, quality factor explained, value factor explained, momentum factor explained. Compare DY head-to-head with peers: DY vs SOBO, DY vs TEN, DY vs GLDD.