Dycom Industries Inc logo

Dycom Industries Inc(DY)

upturn advisory logo
EXPLORE ADVISORIES AND THEIR HISTORY
QUALITY SIGNAL
2-STAR RATING
PASS
LAST CLOSE
$192.79
11/05/2026
(24-hour delay)

Advisory History & Simulated Performance *

*as per simulation (see disclosures)
  • ALL
  • 1Y
  • 1M
  • 1W
  • BUY Advisory
  • SELL Advisory (Profit)
  • SELL Advisory (Loss)
  • Profit
  • Loss
  • PASS (Skip)
Upturn Stock price based on last close iconStock price based on last close
Simulated performance—not actual client returns. Excludes advisory subscription fees, trading commissions, and taxes, which would reduce returns. Results depend on calculation assumptions and do not guarantee future outcomes. See Disclosures for full methodology, assumptions, and limitations.

Advisory Performance History (Simulated)Advisory Performance History info

Simulated performance—not actual client returns. Excludes advisory subscription fees, trading commissions, and taxes, which would reduce returns. Results depend on calculation assumptions and do not guarantee future outcomes. See Disclosures for full methodology, assumptions, and limitations.

Upturn Advisory & Investor View for DY

11/05/2026: DY (2-star) is currently NOT-A-BUY. Pass it for now.

Dycom Industries is a specialized contractor primarily serving the telecommunications sector, known for its extensive footprint in fiber-optic and wireless infrastructure. The company benefits from a strong position as a key partner for major carriers, supported by a scalable, acquisition-led growth model. Its primary opportunity lies in the long-term secular expansion of broadband and 5G networks, often bolstered by government funding. However, investors must consider risks such as high customer concentration, cyclical capital expenditure patterns, and the absence of dividends. The stock may best suit growth-oriented investors who are willing to navigate sector-specific volatility while monitoring the stability of long-term carrier infrastructure spending plans.

How to Read the Upturn Advisory

The Upturn Star Rating and the current BUY, SELL, or PASS advisory are generated by Upturn’s AI advisory engine based on proprietary signal analysis, price behavior, advisory history, and historical signal performance.

Company fundamentals, valuation, risks, and news provide supporting context about the business.

Investor Fit

Investor styleFitWhy
Growth investorStrong fitThe company operates at the center of critical network infrastructure expansion with a history of scaling through acquisition.
Momentum investorMixed fitMomentum suitability depends on positive upturn signals in telecom spending trends.
Value investorMixed fitValuation is often tied to cyclical industry sentiment and carrier project cycles.
Dividend investorWeak fitThe company does not pay a regular cash dividend.
Low-risk investorWeak fitThe stock exhibits volatility associated with cyclical capital expenditure and project-based revenue models.

Risk Profile

Risk factorLevelWhy it matters
Price volatilityMedium / highThe stock price is sensitive to changes in sector sentiment and large contract announcements.
Valuation riskMediumMarket multiples shift based on expectations for telecommunications spending.
Competition risk (Telecom contracting)Medium / highThe sector has a low barrier to entry for smaller, localized regional competitors.
Business qualityMediumThe business relies on project execution and labor force management at scale.
Dividend incomeLow / noneThe company does not pay a dividend.
Execution riskMediumComplex, multi-year infrastructure projects carry inherent risks regarding cost overruns and delays.

Price Behavior

Steep Decline
PRICE PATH

Steep Decline

The stock price has dropped sharply with strong downward pressure.

Choppy
PRICE STABILITY

Choppy

The stock has experienced frequent reversals and pronounced short-term price swings.

Analysis of Past Performance

Type Stock
Historic Profit 169.34%
Avg. Invested days 69
Today’s Advisory PASS
Upturn Advisory Rating upturn star rating icon
Upturn Advisory Performance Upturn Advisory Performance icon 3.0
Stock Returns Performance Upturn Returns Performance icon 5.0
Upturn Profits based on simulation icon Profits based on simulation
Upturn last close icon Last Close 11/05/2026

Upturn Scorecard

Upturn Star Rating

★★★★★
DY receives a 4-star rating, supported by solid company fundamentals, and solid analyst coverage. The rating is constrained by weak price momentum.

Company Fundamentals

★★★★★
DY has solid overall fundamentals (4 stars), with moderate financial health, solid growth momentum, and solid ownership. In FY2026 versus FY2025, solid earnings growth (+20.5%) and solid cash generation (FCF margin 7.2%) are partially offset by soft profitability (net margin 5.1%), modest insider ownership of 1.26%.

Financial Health Rating

★★★★★
DY's financial health is supported by solid cash strength, including free-cash-flow generation (7.2% of revenue). Profitability is soft (2 stars), which helps explain the 3-star overall score.

Growth Momentum Score

★★★★★
Free-cash-flow growth is DY's strongest growth driver at +307.3% FY2026 versus FY2025 (strong, 5 stars). Revenue growth (+17.9%, solid) and earnings growth (+20.5%, solid) are also constructive, though not equally high across every growth measure.

Ownership

★★★★★
Institutional ownership is 97.3% and approximately 78.7% of outstanding shares are publicly tradable, supporting liquidity and institutional participation. Insider ownership of 1.26% provides only moderate management-shareholder alignment.

Top 5 Institutional Investors

Peconic Partners LLC 14.73%
BlackRock Inc 9.93%
Vanguard Capital Management, LLC 4.49%
Vanguard Portfolio Management, LLC 4.24%
Hill City Capital, LP 3.35%

Unit Economics (Per $1K Revenue)

★★★★★
DY generates approximately $206 of gross profit, $125 of operating income, and $72 of free cash flow for every $1,000 of revenue. Based on FY2026 results. Soft margins and solid cash conversion support a 3-star rating, while capital efficiency is solid.

Economic Dimensions

★★★★★
Effective Tax Rate: 23.56%

Quantitative Style Profile

★★★★★
DY has a liquid profile. Weak momentum is the primary drawback, while elevated volatility.

Style Classification

Quality Focused

Value-OrientedHigh VolatilitySmall / Mid Cap RiskShort Squeeze RiskHighly Liquid / Institution-Friendly

Key Highlights

Company Size Mid-Cap Stock
Market Capitalization 6.40B USD
Price to earnings Ratio 19.39
1Y Target Price 513.18
Price to earnings Ratio 19.39
1Y Target Price 513.18
Volume (30-day avg) 618.4K shares
Beta 1.55
52 Weeks Range 186.25 - 566.47
Updated Date 11/05/2026
52 Weeks Range 186.25 - 566.47
Updated Date 11/05/2026
Dividends yield (FY) -
Basic EPS (TTM) 10.95

How Company Makes Money

Business areaWhat it includesRetail investor read
Telecommunications ServicesEngineering, construction, and maintenance of fiber-optic and wireless networks.Dycom generates revenue by helping major telecom companies build and maintain the networks that provide internet and wireless service.

Analyzing Revenue: Products, Geography and Growth

Revenue by Products

Product revenue - Year on Year

Revenue by Geography

Geography revenue - Year on Year

Valuation

Trailing PE 19.39
Forward PE 11.06
Enterprise Value 9.11B
Price to Sales(TTM) 0.93
Enterprise Value 9.11B
Price to Sales(TTM) 0.93
Enterprise Value to Revenue 1.39
Enterprise Value to EBITDA 10.58
Shares Outstanding 30.16M
Shares Floating 23.74M
Shares Outstanding 30.16M
Shares Floating 23.74M
Percent Insiders 1.26
Percent Institutions 97.31

Financial Metrics

🧭 Investment Snapshot

Total Revenue (Scale)

Information icon Total money earned from selling products or services before any costs. It is needed to understand the scale of the business and its ability to generate income.

Net Income (Profit)

Information icon Final profit after all expenses, interest, and taxes are deducted. It is needed to determine the overall profitability available to shareholders.

Free Cash Flow (Cash Strength)

Information icon Cash remaining after operating activities and capital expenditures, showing cash available for growth. It is needed to evaluate the company’s ability to invest, pay dividends, or reduce debt.

📈 Growth & Strength

Operating Income (Core Profit)

Information icon Profit from core operations after deducting all operating expenses. It is needed to measure how efficiently the company runs its primary business activities.

EBITDA (Cash Earnings)

Information icon Earnings before interest, taxes, depreciation, and amortization, indicating operating cash potential. It is needed to compare operating performance across companies without accounting or financing differences.

Gross Profit (Unit Profitability)

Information icon Revenue minus cost of revenue, showing profit after direct production costs. It is needed to evaluate core business profitability before overhead expenses.

🛡️ Financial Safety

Cash (Liquidity Buffer)

Information icon Total cash and cash equivalents on hand. It is needed to evaluate immediate liquidity and financial flexibility.

Total Debt (Leverage Risk)

Information icon Total debt including both short-term and long-term components. It is needed to assess the company’s leverage and financial risk.

Net Working Capital (Short-Term Health)

Information icon Current assets minus current liabilities, indicating short-term liquidity strength. It is needed to assess whether the company can meet its short-term obligations.

🧱 Balance Sheet Strength

Stockholder Equity (Net Worth)

Information icon Total equity value held by shareholders. It is needed to understand the net worth of the company from the owners’ perspective.

Total Assets (Asset Base)

Information icon The full value of everything the company owns, including cash, inventory, equipment, and investments. It is needed to understand the resource base used to generate revenue.

Income Before Tax (Pre-Tax Earnings)

Information icon Income before provision for income taxes. It is needed to analyze profitability independent of tax structures.

⚙️ Cost & Drag Factors

Cost of Revenue (Production Cost)

Information icon Direct costs required to produce and deliver the products or services sold. It is needed to assess efficiency in production and service delivery.

Total Operating Expenses (Operating Cost)

Information icon Indirect costs of running the business such as salaries, marketing, and administration. It is needed to understand how much it costs to sustain ongoing business operations.

Income Tax Expense (Tax Drag)

Information icon Amount of taxes paid or payable to the government. It is needed to evaluate the impact of taxation on overall profitability.

Form CRS provides a relationship summary of our automated advisory services, flat subscription fees, and conflicts of interest. Form ADV Part 2A brochure contains complete details on services, billing, and disclosures. If any summary differs from our current regulatory filings, the filed Form ADV controls.