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Dycom Industries, Inc.
DY · NYSEIndustrials
The economic chain
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Raw inputs
Equipment
Foundry
Chip design
Software
AI demand
Inputsmaterials, equipment & da…Operatorsthe companies at the cent…Products &serviceswhat they make & runDistribution &logisticshow it gets thereCustomers &end marketswho paysCRWField technicians & subcontractorsFLTTrucks & equipment vendorsMATFiber, cable & conduit suppliersFUEFuel & energyCAPCapital & lendersDYDycom IndustriesMTZMasTecPWRQuanta ServicesE&FCEngineering & fiber constructionUULUnderground utility locatingD&UEData-center & utility electricalRO&CRegional operations & crewsTAT&TVZVerizonLUMNLumen TechnologiesCHTRCharter CommunicationsCMCSAComcastBSPBrightspeedUNITUniti GroupDCHyperscalers & data centersUTLElectric & gas utilities
Company details
Market cap
~$13B
P/E ratio
~28×
Div yield
0%
EPS (FY2025)
$7.92
Profit margin
~5%
Rev. growth
+13%
Revenue (FY2025)
$4.7B
Backlog
~$11.9B
In plain English
Dycom is the largest specialty contractor building America's fiber-optic backbone. It doesn't own the networks — it plans, digs, splices and maintains them for the phone, cable and utility companies, sending tens of thousands of field technicians to lay cable and connect homes. Roughly half its revenue comes from just three customers — AT&T, Verizon and Lumen — and a record ~$11.9B backlog rides the fiber and AI-data-center build-out.
In simple terms
What Dycom Industries, Inc. really sells
Dycom is the largest specialty contractor building America's fiber-optic backbone. It doesn't own the networks — it plans, digs, splices and maintains them for the phone, cable and utility companies, sending tens of thousands of field technicians to lay cable and connect homes. Roughly half its revenue comes from just three customers — AT&T, Verizon and Lumen — and a record ~$11.9B backlog rides the fiber and AI-data-center build-out.
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