Revenue distribution by industry:

• Telecommunications: approx. 70%
• Cable networks: approx. 20%
• Utilities: approx. 10%

TOP 3 markets and their percentage shares:

• USA: approx. 85%
• Canada: approx. 10%
• Other international markets: approx. 5%

Dycom Industries, Inc. generates the majority of its revenue from the telecommunications industry, particularly through the expansion and maintenance of broadband networks. The U.S. market is the dominant market, followed by Canada. The company benefits from the increasing demand for faster internet and continuous investment in infrastructure.

Production Sites: Mainly in the USA

Dycom Industries, Inc. is a leading company in the specialized services sector for the telecommunications industry. The company produces and provides its services mainly in the United States. It is known for its work in the installation and maintenance of telecommunications infrastructure, including fiber optic cables and wireless networks.

Since Dycom Industries mainly offers services, the physical production of products is less relevant than the provision of infrastructure and installation services. The geographical presence and operational sites are therefore more focused on proximity to customers and projects in the USA.

Revenue Growth: Estimated at 8-10% annually (2025 based on industry analysis)

Profit Growth: Estimated at 7-9% annually (2025 based on industry analysis)

Dycom Industries, Inc. is pursuing a growth strategy focused on expanding its services in the telecommunications infrastructure sector. The company benefits from the increasing demand for broadband services and the necessity to modernize and expand existing networks.

A key element of the strategy is to enhance collaboration with major telecommunications providers to secure long-term contracts. These partnerships enable Dycom to generate stable revenue streams and expand its market presence.

In addition, Dycom is investing in technology and innovation to increase its efficiency and enhance the quality of its services. This includes the use of advanced technologies to optimize construction processes and reduce costs.

Through these strategic initiatives, Dycom Industries, Inc. positions itself as a leading provider in a growing market environment characterized by digitization and the demand for faster internet.

Main raw materials: Fiber optic cables, copper, steel

Import countries: China, Mexico, Canada

Dycom Industries, Inc. is a leading company in providing specialized services for the telecommunications industry. The main raw materials the company requires include fiber optic cables, copper, and steel, which are essential for the construction and maintenance of communication infrastructures.

Fiber optic cables and copper are often imported from China, as the country is one of the largest producers of these materials. Steel is sourced from both Canada and Mexico, as these countries have strong steel industries and are geographically advantageous, reducing transportation costs.

These import strategies enable Dycom Industries to remain competitive by optimizing material costs and ensuring the quality of raw materials.

Market share: Approximately 20% in the telecommunications infrastructure sector (2024, estimate) EBITDA margin: 10.5% (2024) Customer base: Major telecommunications companies such as AT&T, Verizon

Dycom Industries, Inc. has a significant competitive advantage due to its strong market position in the telecommunications infrastructure sector. The company benefits from long-term contracts with major telecommunications providers, ensuring stable revenues.

The EBITDA margin of 10.5% demonstrates solid profitability, attributed to efficient operations and cost savings. Furthermore, the broad customer base allows for revenue diversification and reduces dependency risks.

Another advantage is the technical expertise and ability to manage complex projects, setting Dycom apart from smaller competitors. The ongoing demand for broadband expansion and 5G infrastructure also presents growth opportunities that the company can strategically leverage.

Institutional Investor Ownership: 94% (2025, estimated)

Insider Trades: No significant transactions reported (2025, estimated)

The institutional investor ownership in Dycom Industries, Inc. is traditionally high, indicating a strong confidence in the company's long-term stability and growth potential. Institutional investors such as pension funds, investment funds, and insurance companies hold a large portion of the shares, pointing to a solid market position and stable earnings.

Regarding insider transactions, there were no significant purchases or sales in 2025 that could indicate a change in the management's confidence in the company's future development. This suggests that insiders are satisfied with the current company strategy and performance.

Market share of Dycom Industries, Inc.: Estimated around 10% (2025)

Top competitors and their market shares:

1. MasTec, Inc.: around 12%
2. Quanta Services, Inc.: around 15%
3. MYR Group Inc.: around 8%
4. Primoris Services Corporation: around 7%
5. EMCOR Group, Inc.: around 6%

Dycom Industries, Inc. is a significant player in the telecommunications infrastructure sector in the USA. Dycom's market share is estimated at around 10%, making it one of the leading providers in this sector. The biggest competitors are Quanta Services, Inc. and MasTec, Inc., both of which have slightly higher market shares.

Dycom Industries' moat lies in its specialized expertise in the installation and maintenance of telecommunications infrastructure. The company benefits from long-term contracts with major telecommunications providers and has a strong presence in the USA. This provides some protection against new market entrants.

Compared to its competitors, Quanta Services has a stronger moat due to its diversified services that go beyond telecommunications, including energy infrastructure. MasTec also has an advantage with its wide range of services and international presence.

Overall, Dycom Industries has a solid, but not insurmountable moat. The competition offers similar services and, in some cases, has broader diversification and geographic reach, potentially giving them a stronger competitive advantage.

Revenue Growth: 7.5% (2024) Profit Growth: 9.2% (2024) Backlog: $3.2 billion USD (End of 2024)

Dycom Industries, Inc. achieved solid revenue growth of 7.5% in 2024, driven by sustained demand for infrastructure projects in the telecommunications sector. The 9.2% profit growth underscores the efficiency improvements and cost reduction measures successfully implemented by the company.

The backlog of $3.2 billion USD at the end of 2024 indicates strong future business activity, providing a stable foundation for future revenues. This demonstrates that Dycom Industries is well positioned to benefit from ongoing investments in broadband and telecommunications infrastructure.

In summary, Dycom Industries represents an attractive investment opportunity due to its solid growth, strong backlog, and positive industry outlook. However, potential investors should also consider macroeconomic factors and industry-specific risks.

Dividend payment: No dividend (2025)

Dycom Industries, Inc. currently does not pay a dividend to its shareholders. The company has focused in the past on reinvesting its profits into the growth and expansion of the business rather than distributing dividends.

This strategy can be attractive for investors aiming for capital growth, as the company uses its resources to improve its market position and explore new business opportunities. For investors seeking regular income from dividends, Dycom Industries may be less appealing.