Dycom Income Statement Research

DY Stock  USD 143.53  0.12  0.08%   
Most accounts from Dycom Industries' income statement are interrelated and interconnected. However, analyzing income statement accounts one by one will only give a small insight into Dycom Industries current financial condition. On the other hand, looking into the entire matrix of income statement accounts, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Dycom Industries Valuation and Dycom Industries Correlation analysis.
For more information on how to buy Dycom Stock please use our How to Invest in Dycom Industries guide.
  
At this time, Dycom Industries' Income Before Tax is fairly stable compared to the past year. Total Other Income Expense Net is likely to rise to about 22.7 M in 2024, whereas Selling And Marketing Expenses is likely to drop slightly above 101.3 M in 2024.
Most accounts from Dycom Industries' income statement are interrelated and interconnected. However, analyzing income statement accounts one by one will only give a small insight into Dycom Industries current financial condition. On the other hand, looking into the entire matrix of income statement accounts, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Dycom Industries Valuation and Dycom Industries Correlation analysis.
For more information on how to buy Dycom Stock please use our How to Invest in Dycom Industries guide.At this time, Dycom Industries' Income Before Tax is fairly stable compared to the past year. Total Other Income Expense Net is likely to rise to about 22.7 M in 2024, whereas Selling And Marketing Expenses is likely to drop slightly above 101.3 M in 2024.
 2021 2022 2023 2024 (projected)
Interest Expense33.2M40.6M52.6M55.2M
Depreciation And Amortization152.7M144.2M165.8M174.1M

Dycom Industries income statement Correlations

0.910.930.890.930.620.640.850.940.440.51-0.340.540.310.940.620.170.16-0.6-0.570.320.51-0.8-0.33
0.910.950.940.950.780.760.890.940.650.72-0.060.750.40.940.70.410.03-0.35-0.80.490.31-0.73-0.55
0.930.950.971.00.810.790.921.00.640.72-0.210.770.391.00.680.370.08-0.44-0.670.330.26-0.79-0.53
0.890.940.970.970.910.890.980.960.680.84-0.060.860.560.970.710.490.07-0.32-0.70.250.22-0.65-0.59
0.930.951.00.970.80.760.91.00.670.71-0.20.760.350.990.680.360.08-0.43-0.680.360.24-0.81-0.57
0.620.780.810.910.80.970.920.780.740.980.180.980.750.790.630.670.03-0.02-0.710.120.0-0.35-0.67
0.640.760.790.890.760.970.950.760.560.940.120.910.850.770.560.670.04-0.11-0.620.030.1-0.28-0.49
0.850.890.920.980.90.920.950.90.560.86-0.060.850.710.910.640.530.1-0.32-0.660.150.28-0.52-0.47
0.940.941.00.961.00.780.760.90.620.69-0.240.740.350.990.670.340.08-0.46-0.650.340.26-0.81-0.52
0.440.650.640.680.670.740.560.560.620.750.340.810.20.630.610.450.030.19-0.760.37-0.19-0.47-0.95
0.510.720.720.840.710.980.940.860.690.750.330.990.760.70.60.72-0.030.07-0.720.09-0.08-0.24-0.69
-0.34-0.06-0.21-0.06-0.20.180.12-0.06-0.240.340.330.30.27-0.190.150.44-0.220.55-0.28-0.05-0.360.45-0.37
0.540.750.770.860.760.980.910.850.740.810.990.30.670.750.610.69-0.030.04-0.760.18-0.11-0.34-0.74
0.310.40.390.560.350.750.850.710.350.20.760.270.670.370.340.65-0.020.04-0.32-0.30.10.21-0.16
0.940.941.00.970.990.790.770.910.990.630.7-0.190.750.370.690.370.05-0.44-0.630.320.25-0.79-0.52
0.620.70.680.710.680.630.560.640.670.610.60.150.610.340.690.56-0.14-0.03-0.470.30.13-0.38-0.41
0.170.410.370.490.360.670.670.530.340.450.720.440.690.650.370.56-0.240.32-0.380.06-0.190.12-0.31
0.160.030.080.070.080.030.040.10.080.03-0.03-0.22-0.03-0.020.05-0.14-0.24-0.22-0.12-0.070.41-0.2-0.02
-0.6-0.35-0.44-0.32-0.43-0.02-0.11-0.32-0.460.190.070.550.040.04-0.44-0.030.32-0.220.090.13-0.690.57-0.25
-0.57-0.8-0.67-0.7-0.68-0.71-0.62-0.66-0.65-0.76-0.72-0.28-0.76-0.32-0.63-0.47-0.38-0.120.09-0.55-0.20.510.71
0.320.490.330.250.360.120.030.150.340.370.09-0.050.18-0.30.320.30.06-0.070.13-0.550.08-0.56-0.28
0.510.310.260.220.240.00.10.280.26-0.19-0.08-0.36-0.110.10.250.13-0.190.41-0.69-0.20.08-0.360.34
-0.8-0.73-0.79-0.65-0.81-0.35-0.28-0.52-0.81-0.47-0.240.45-0.340.21-0.79-0.380.12-0.20.570.51-0.56-0.360.38
-0.33-0.55-0.53-0.59-0.57-0.67-0.49-0.47-0.52-0.95-0.69-0.37-0.74-0.16-0.52-0.41-0.31-0.02-0.250.71-0.280.340.38
Click cells to compare fundamentals

Dycom Industries Account Relationship Matchups

Dycom Industries income statement Accounts

201920202021202220232024 (projected)
Interest Expense50.9M29.7M33.2M40.6M52.6M55.2M
Total Revenue3.3B3.2B3.1B3.8B4.2B4.4B
Gross Profit560.0M557.2M496.6M648.2M813.8M854.4M
Operating Income129.5M130.1M86.0M220.7M323.0M339.1M
Ebit129.5M130.1M86.0M220.7M253.9M266.5M
Ebitda317.0M306.0M238.7M364.9M419.7M440.6M
Cost Of Revenue2.8B2.6B2.6B3.2B3.4B3.5B
Income Before Tax78.5M59.2M52.8M180.1M292.0M306.6M
Net Income57.2M34.3M48.6M142.2M218.9M229.9M
Income Tax Expense21.3M24.9M4.2M37.9M43.6M45.8M
Tax Provision21.3M24.9M4.2M37.9M73.1M76.7M
Net Interest Income(50.9M)(29.7M)(33.2M)(40.6M)(52.6M)(55.2M)
Interest Income50.9M29.7M33.2M40.6M46.7M39.9M

Pair Trading with Dycom Industries

One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Dycom Industries position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Dycom Industries will appreciate offsetting losses from the drop in the long position's value.

Moving together with Dycom Stock

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Moving against Dycom Stock

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  0.45GLFH GalenfehaPairCorr
The ability to find closely correlated positions to Dycom Industries could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Dycom Industries when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Dycom Industries - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Dycom Industries to buy it.
The correlation of Dycom Industries is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Dycom Industries moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Dycom Industries moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Dycom Industries can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.
Pair CorrelationCorrelation Matching
When determining whether Dycom Industries offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Dycom Industries' financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Dycom Industries Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Dycom Industries Stock:
Check out Dycom Industries Valuation and Dycom Industries Correlation analysis.
For more information on how to buy Dycom Stock please use our How to Invest in Dycom Industries guide.
You can also try the Portfolio Comparator module to compare the composition, asset allocations and performance of any two portfolios in your account.

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When running Dycom Industries' price analysis, check to measure Dycom Industries' market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Dycom Industries is operating at the current time. Most of Dycom Industries' value examination focuses on studying past and present price action to predict the probability of Dycom Industries' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Dycom Industries' price. Additionally, you may evaluate how the addition of Dycom Industries to your portfolios can decrease your overall portfolio volatility.
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Is Dycom Industries' industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Dycom Industries. If investors know Dycom will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Dycom Industries listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth
(0.05)
Earnings Share
7.37
Revenue Per Share
142.35
Quarterly Revenue Growth
0.038
Return On Assets
0.0836
The market value of Dycom Industries is measured differently than its book value, which is the value of Dycom that is recorded on the company's balance sheet. Investors also form their own opinion of Dycom Industries' value that differs from its market value or its book value, called intrinsic value, which is Dycom Industries' true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Dycom Industries' market value can be influenced by many factors that don't directly affect Dycom Industries' underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Dycom Industries' value and its price as these two are different measures arrived at by different means. Investors typically determine if Dycom Industries is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Dycom Industries' price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.