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Jan 25
Dycom Q4 2025 Earnings Report
Dycom reported strong revenue growth and profitability in Q4 2025.
Key Takeaways
Dycom achieved significant growth in Q4 2025 with contract revenues up 13.9% year-over-year, improved profitability, and a higher adjusted EBITDA. The company's net income increased by 39.6% compared to the same period last year.
Contract revenues increased by 13.9% to $1.085 billion.
Adjusted EBITDA grew by 24.2% to $116.4 million.
Net income increased to $32.7 million, up from $23.4 million in Q4 2024.
Adjusted diluted EPS rose to $1.17, up 48.1% year-over-year.
Dycom
Dycom
Forward Guidance
Dycom expects continued revenue growth in fiscal 2026, supported by strong industry demand.
Positive Outlook
- Expected contract revenues increase of 10% to 13%.
- Projected Q1 2026 revenues of $1.16 billion to $1.20 billion.
- Non-GAAP Adjusted EBITDA forecasted between $130.6 million and $140.6 million.
- Diluted EPS projected between $1.50 and $1.73.
- 53-week fiscal year expected to provide additional revenue opportunity.
Challenges Ahead
- No expectation of storm restoration revenues for fiscal 2026.
- Potential impact from rising costs and inflation.
- Seasonal weather impact in Q4 due to 53-week fiscal year.
- Continued pressure on supply chain and labor availability.
- Higher interest expenses expected due to debt levels.