| Factor | Score | Distribution | Value | Avg | Rank |
|---|---|---|---|---|---|
Valuation | 57 | 28.0x | 17.8x | Around median | |
Growth | 86 | 37.8% | 7.1% | Top tier | |
Quality | 74 | 18.8% | 4.5% | Top tier | |
Safety | 61 | 2.7x | 2.6x | Around median | |
Capital Return | 13 | — | 2.12% | Bottom tier | |
Momentum | 32 | 57.6% | 2.9% | Bottom tier | |
Sentiment | 91 | 7 | 3 | Top tier |
Estimates — analyst targets and a simplified DCF, not investment advice.
Ten ratios that matter, each compared against its sector median and average — so you can see whether a number is rich or cheap relative to peers in the same sector.
Dycom Industries provides construction and maintenance services for digital and critical infrastructure, combining a national footprint with local expertise and a workforce of approximately 21 thousand employees. Its business consists of the Telecommunications segment, which delivers fiber-to-the-home networks, long- and middle-mile fiber, data center connections, service and maintenance work, and wireless equipment replacement programs, and the Building Systems segment, which provides electrical systems and structured cabling within facilities. In Q2 fiscal 2027, the Telecommunications segment generated revenue of $1.608 billion, while Building Systems recorded revenue of $397.5 million and represented approximately 20% of total revenue.
Dycom reported record contract revenue of $2.006 billion in Q2 fiscal 2027, up 45.6% year over year, including organic growth of 16.7%. Net income according to EDGAR data was approximately $115.6 million, with earnings per share of $3.81, while adjusted net income was $160.7 million and adjusted diluted earnings per share was $5.29. Adjusted earnings before interest, taxes, depreciation, and amortization also increased 53.5% to $315.5 million, with the margin reaching 15.7%, an improvement of 81 basis points year over year.
The segment mix showed a clear disparity in profitability during Q2 fiscal 2027; the Telecommunications segment's adjusted earnings before interest, taxes, depreciation, and amortization margin was 13.6%, down approximately 134 basis points, while Building Systems achieved an exceptional margin of 24.5%. Revenue from National Technology Integrators, which Dycom acquired during the quarter, was approximately $22.9 million, and the transaction expanded the scope of its structured cabling operations and diversified its customer base. For fiscal 2026, the company had reported revenue of $5.5 billion and net income of $281.2 million, compared with trailing-twelve-month revenue through fiscal 2027 of $6.9 billion and net income of $329.6 million.
Automated analysis for informational purposes only — not investment advice.
The analyst consensus rates Dycom shares a “Buy,” with an average target of $540.57 and a wide range between $423 and $654. The average target is below the 52-week high of $566.47 and only narrowly separated from it, while the highest target clearly exceeds that high; the variation among targets reflects the balance between record growth and backlog of $12.242 billion versus the weaker Q3 fiscal 2027 outlook and pressure on the Telecommunications margin. The recorded 11% decline on August 26, 2026, also illustrates that the market assigns greater weight to forward guidance than merely exceeding results for a single quarter.
Figures in the text are as of 2026-09-02; the live price is shown at the top of the page.
The drivers are fiber-to-the-home, long- and middle-mile fiber, data center connections, and Building Systems. Fiber-to-the-home revenue increased by approximately 60% in the first half of fiscal 2027, while contracted backlog for long- and middle-mile fiber and fiber within facilities exceeded $1 billion. In Q2 fiscal 2027, total revenue grew 45.6% to $2.006 billion, including organic growth of 16.7%.
The Q2 fiscal 2027 results exceeded expectations, with adjusted diluted earnings per share reaching $5.29, while total backlog reached $12.242 billion. However, the company projected Q3 fiscal 2027 adjusted diluted earnings per share between $4.33 and $4.79, with revenue between $1.90 and $1.98 billion. According to an August 26, 2026 news report, this weaker outlook overshadowed the record results and caused the stock to fall 11%.
Dycom deferred approximately $150 million in wireless equipment replacement program revenue from the second half of fiscal 2027 to fiscal 2028. This reduced the fiscal 2027 Telecommunications segment revenue outlook to a range of $5.90 to $6.01 billion and also pressured operating leverage and the segment margin. Management confirmed on the August 26, 2026 call that the program scope and backlog had not declined and that completion was still targeted for fiscal 2028.
Building Systems generated revenue of $397.5 million in Q2 fiscal 2027, representing approximately 20% of the company's total revenue. Its adjusted earnings before interest, taxes, depreciation, and amortization totaled $97.2 million, with a margin of 24.5%, clearly outperforming the Telecommunications margin of 13.6%. Dycom raised the segment's fiscal 2027 revenue outlook to between $1.58 and $1.65 billion, including approximately $90 million in revenue from National Technology Integrators in the second half of the fiscal year.
Dycom ended Q2 fiscal 2027 with cash and equivalents of $340.1 million and total liquidity exceeding $1.086 billion. It generated $103.7 million in operating cash flow during the quarter, while trailing-twelve-month free cash flow increased by approximately 200% year over year. Pro forma net leverage was approximately 2.3 times adjusted earnings before interest, taxes, depreciation, and amortization, with management targeting a return to approximately 2 times within 12 to 18 months of the Power Solutions acquisition.
Total backlog reached $12.242 billion at the end of Q2 fiscal 2027, split between $10.98 billion for Telecommunications and $1.26 billion for Building Systems. The company expects to complete $6.47 billion of this balance during the twelve months following the end of the quarter, including $5.36 billion for Telecommunications and $1.11 billion for Building Systems. Based on strong execution and the addition of National Technology Integrators, management raised the fiscal 2027 revenue range to between $7.48 and $7.66 billion.
