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Dycom Industries Inc (DY)

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Upturn Advisory Summary
11/13/2025: DY (4-star) is a REGULAR-BUY. BUY since 34 days. Simulated Profits (-3.85%). Updated daily EoD!
1 Year Target Price $308.44
1 Year Target Price $308.44
| 8 | Strong Buy |
| 1 | Buy |
| 0 | Hold |
| 0 | Sell |
| 0 | Strong Sell |
Analysis of Past Performance
Type Stock | Historic Profit 76.33% | Avg. Invested days 61 | Today’s Advisory Regular Buy |
Upturn Star Rating ![]() | Upturn Advisory Performance | Stock Returns Performance |
Key Highlights
Company Size Mid-Cap Stock | Market Capitalization 8.56B USD | Price to earnings Ratio 33.21 | 1Y Target Price 308.44 |
Price to earnings Ratio 33.21 | 1Y Target Price 308.44 | ||
Volume (30-day avg) 9 | Beta 1.38 | 52 Weeks Range 131.37 - 301.88 | Updated Date 11/12/2025 |
52 Weeks Range 131.37 - 301.88 | Updated Date 11/12/2025 | ||
Dividends yield (FY) - | Basic EPS (TTM) 8.9 |
Analyzing Revenue: Products, Geography and Growth
Revenue by Geography
Geography revenue - Year on Year
Earnings Date
Report Date 2025-11-19 | When Before Market | Estimate 3.2 | Actual - |
Profitability
Profit Margin 5.23% | Operating Margin (TTM) 10.15% |
Management Effectiveness
Return on Assets (TTM) 8.02% | Return on Equity (TTM) 20.65% |
Valuation
Trailing PE 33.21 | Forward PE 25.06 | Enterprise Value 9532741291 | Price to Sales(TTM) 1.71 |
Enterprise Value 9532741291 | Price to Sales(TTM) 1.71 | ||
Enterprise Value to Revenue 1.91 | Enterprise Value to EBITDA 15.03 | Shares Outstanding 28954101 | Shares Floating 24128031 |
Shares Outstanding 28954101 | Shares Floating 24128031 | ||
Percent Insiders 3.76 | Percent Institutions 96.21 |
Upturn AI SWOT
Dycom Industries Inc

Company Overview
History and Background
Dycom Industries Inc. was founded in 1969. It has grown through acquisitions and organic expansion to become a leading specialty contracting services provider to the telecommunications and utility industries.
Core Business Areas
- Telecommunications Infrastructure Services: Provides engineering, construction, maintenance, and installation services for telecommunications providers, including fiber optic networks, wireless infrastructure, and broadband networks.
- Utility Infrastructure Services: Offers similar services to utility companies, focusing on electric transmission and distribution, gas pipelines, and other critical infrastructure.
Leadership and Structure
Steven E. Nielsen serves as the Executive Chairman. The organizational structure includes regional operating companies that report to the corporate headquarters. Current CEO is Richard G. Riley.
Top Products and Market Share
Key Offerings
- Fiber Optic Network Construction: Construction of fiber optic networks, including installation, splicing, and testing. Market share information specific to fiber construction is difficult to pinpoint, but Dycom is a major player in this space. Competitors include Quanta Services, MasTec, and smaller regional contractors. Revenue from this is a significant part of the Telecommunications segment.
- Wireless Infrastructure Deployment: Installation and maintenance of wireless infrastructure, including cell towers and small cells. Competitors include Crown Castle, American Tower (indirectly through their contractors), and Ericsson. The demand has slowed due to high interest rate environment.
- Underground Utility Locating: Provides location services for underground utilities. Competitors include USIC LLC and One Call Concepts Inc.
Market Dynamics
Industry Overview
The industry is driven by increasing demand for broadband, 5G wireless, and upgrades to utility infrastructure. There's strong government funding and incentives (e.g., BEAD program) to expand broadband access, creating sustained demand. Labor shortages and material costs are significant challenges.
Positioning
Dycom is a leading provider in its niche, benefiting from its scale, established relationships with major telecom and utility clients, and extensive geographic footprint. Competitive advantages include its experienced workforce and ability to handle large, complex projects.
Total Addressable Market (TAM)
The total addressable market for telecom and utility infrastructure services is estimated to be in the tens of billions of dollars annually. Dycom is well-positioned to capture a significant portion of this TAM due to its market leadership and capabilities.
Upturn SWOT Analysis
Strengths
- Leading market position
- Strong relationships with major telecom and utility clients
- Extensive geographic footprint
- Experienced workforce
Weaknesses
- Exposure to economic cycles
- Dependence on large projects
- Labor shortages
- Reliance on a small number of major customers
Opportunities
- Expansion of broadband networks (BEAD program)
- Deployment of 5G wireless infrastructure
- Modernization of utility infrastructure
- Acquisition of smaller competitors
Threats
- Economic downturn
- Increased competition
- Rising material costs
- Changes in government regulations
- Labor shortages and wage inflation
Competitors and Market Share
Key Competitors
- PWR
- MTZ
- EMCOR
Competitive Landscape
Dycom holds a strong market position due to its specialized expertise and long-standing customer relationships. Quanta Services and MasTec are larger and more diversified, but Dycom maintains a focus on telecom and utility infrastructure.
Major Acquisitions
CCi Cable Constructors, Inc.
- Year: 2016
- Acquisition Price (USD millions): 337.5
- Strategic Rationale: Expanded Dycom's geographic footprint and service offerings within the telecommunications industry.
Burnett Electrical Construction
- Year: 2023
- Acquisition Price (USD millions): 57.7
- Strategic Rationale: Expanded Dycom's footprint and increased its marketshare
Growth Trajectory and Initiatives
Historical Growth: Dycom has grown through organic expansion and acquisitions. Growth has been driven by increased demand for telecom and utility infrastructure services.
Future Projections: Analyst estimates vary, but the consensus is for continued growth driven by broadband expansion and utility modernization. Projections vary significantly.
Recent Initiatives: Dycom focuses on operational efficiencies, strategic acquisitions, and geographic expansion to drive growth.
Summary
Dycom is a leading infrastructure services provider benefiting from long-term trends in broadband and utility modernization. Its strong market position and experienced workforce are strengths, but it faces challenges from economic cycles and labor shortages. The company is poised for continued growth, but it must navigate these risks effectively. With a rating from 1 to 5, the company is in the middle with potential for growth.
Similar Stocks
Sources and Disclaimers
Data Sources:
- Company filings (SEC)
- Analyst reports
- Industry publications
- Company Website
Disclaimers:
This analysis is based on publicly available information and is not financial advice. Market conditions and company performance can change rapidly. All financial figures are approximations based on available data.
AI Summarization is directionally correct and might not be accurate.
Summarized information shown could be a few years old and not current.
Fundamental Rating based on AI could be based on old data.
AI-generated summaries may have inaccuracies (hallucinations). Please verify the information before taking action.
About Dycom Industries Inc
Exchange NYSE | Headquaters Palm Beach Gardens, FL, United States | ||
IPO Launch date 1990-09-24 | CEO, President & Director Mr. Daniel S. Peyovich | ||
Sector Industrials | Industry Engineering & Construction | Full time employees 15623 | Website https://www.dycomind.com |
Full time employees 15623 | Website https://www.dycomind.com | ||
Dycom Industries, Inc. provides specialty contracting services to the telecommunications infrastructure and utility industries in the United States. The company offers engineering services to telecommunications providers, including the planning and design of aerial, underground, and buried fiber optic, copper, and coaxial cable systems; placement of cables, related structures, and drop lines for telephone companies and cable multiple system operators; program and project management, and inspection personnel; and wireless networks in connection with the deployment of macro cell and new small cell sites. It also provides construction, maintenance, and installation services, such as placement and splicing of copper, fiber, and coaxial cables; 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; underground facility locating services, including locating telephone, cable television, power, water, sewer, and gas lines for utility companies; installation and maintenance of customer premise equipment, including digital video recorders, set top boxes, and modems for cable system operators; and construction and maintenance services for electric and gas utilities, and other customers. Dycom Industries, Inc. was incorporated in 1969 and is based in Palm Beach Gardens, Florida.

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