Dycom Industries vs Primoris Services
Primoris Services reported revenue of $7.6 billion in fiscal 2025, 1.4 times Dycom Industries' $5.5 billion in fiscal 2026. Dycom Industries' revenue grew 17.9% in its latest year, and Primoris Services' grew 19.0%. Free cash flow was $402 million at Dycom Industries and $340 million at Primoris Services. Their fiscal years end in different months (January 31 and December 31), so the periods don't line up exactly.
Side by side
| Dycom Industries | Primoris Services | |
|---|---|---|
| Latest fiscal year | FY2026, Jan 31, 2026 | FY2025, Dec 31, 2025 |
| Revenue | $5.5B | $7.6B |
| Revenue growth | 17.9% | 19.0% |
| Revenue growth a year, last 5 years | 11.6% | 16.8% |
| Gross margin | — | 10.7% |
| Operating margin | — | 5.4% |
| Net margin | 5.1% | 3.6% |
| Free cash flow | $402M | $340M |
| Free cash flow margin | 7.2% | 4.5% |
| Return on capital | 10.9% | 17.8% |
| Net debt to EBITDA | 3.0x | −0.1x |
| Dividends and buybacks | $30M | $17M |
| Change in diluted share count | −0.2% | 0.4% |
| Last close | $207.52 | $65.40 |
| P/E at the last close | 19.0× | 36.9× |
| Insider trades, last 12 months | bought $551,307, sold $1.3 million | bought $5,001, sold $9.7 million |
| Piotroski F-score | 6 of 8 | 6 of 9 |
Amounts in each company's own currency, US$ unless marked (a foreign company may report in another), each company's latest fiscal year from its 10-K, or 20-F or 40-F for a foreign company. Growth rates compare with the year before; the five-year rate is the average a year. Free cash flow is cash from operations minus capital spending; return on capital is after-tax operating income over the money invested in the business; P/E is the last close over the latest earnings per share. Banks are measured differently (return on equity, efficiency ratio), so some rows apply to one company only.
Ten years
Revenue
US$ billions, fiscal years
Dycom IndustriesPrimoris Services
Operating margin
Percent of revenue
Dycom IndustriesPrimoris Services
Free cash flow
US$ billions. Cash from operations minus capital expenditure.
Dycom IndustriesPrimoris Services
Source: the companies' Form 10-K filings, from SEC EDGAR, and the last close. For information only, not investment advice: the figures describe results, not which company is the better investment. The Filing Desk is not affiliated with either company. Full figures on the Dycom Industries and Primoris Services pages.