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Forensic Analysis · Homebuilders & Residential Construction · as of Nov 9, 2026

Dycom Industries Inc (DY)

A forensic read on Dycom Industries Inc built from its complete SEC filings — financial-health screens, earnings quality, red flags and a price-aware rating. Reproducible math, not opinion.

C · Mixed — selective
Forensic grade
Safe
Financial health
3.6
Distress distance
Clean
Earnings quality
1
Forensic signals
18.2%
ROE
17.9%
Revenue growth

This free snapshot doesn't read filing or proxy text, so the auditor-quality and governance checks that can lower a grade were not evaluated (auditor quality, say on pay, board independence, going concern). Those checks only ever lower a grade, so the full analysis can land below the grade above but never above it — treat it as the most favourable reading, not the settled one.

Dycom Industries Inc earns a C (Mixed — selective) forensic quality grade, and its balance-sheet distress test reads 3.6, placing it in the Safe zone. 1 forensic signal was flagged in its latest SEC filings, led by return on invested capital.

What the filings flag

8.6%
FY2026
Return on invested capital. Return on invested capital is 8.6% in the latest fiscal year and slipping across FY2024–FY2026 from 11.4%. After-tax operating profit was $219M in FY2024 and $281M in FY2026. The capital base behind it grew +70% across FY2024–FY2026, from $1.9B to $3.3B, while the return fell 2.8 points, so the dollars added over that window earned less than the 11.4% the older base was already earning.

Key fundamentals

Latest Revenue$5.55B
Revenue Growth YoY+17.9%
Revenue CAGR (2yr)+15.2%
Net Margin5.1%
Free Cash Flow$401.7M
Return on Equity18.2%
Debt / Equity1.51x

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Data from SEC EDGAR public filings · metrics as of Nov 9, 2026. Forensic signals flag probability, not certainty.

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