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Dycom Industries vs Mastec: revenue, profit, margins and growth compared

Dycom Industries brought in $5.5B of revenue in fiscal 2026, Mastec $14.3B in fiscal 2025. Revenue changed by +17.9% at Dycom Industries and +16.2% at Mastec on the year before, so Dycom Industries grew faster. Dycom Industries kept 5.1% of its revenue as net profit, Mastec 2.8%. Free cash flow was $401.7M at Dycom Industries and $285.7M at Mastec.

Side by side, latest fiscal year

DYMTZ
Fiscal year endedFY2026 (January 31, 2026)FY2025 (December 31, 2025)
Revenue$5.5B$14.3B
Revenue growth+17.9%+16.2%
Net income$281.2M$399M
Net margin5.1%2.8%
Free cash flow$401.7M$285.7M
Free cash flow margin7.2%2.0%
Earnings per share (diluted)$9.56$5.07
Cash$709.2M$396M
Debt$2.8B$2.3B
Price to earnings28.442.0
Market value$8.2B$17.1B
Dividend yieldn/an/a
Rank by revenue in sector#112 of 451 · Industrials#44 of 451 · Industrials

Over the years

Revenue
DY FY2018: $3.1BDY FY2019: $3.3BDY FY2020: $3.2BDY FY2022: $3.1BDY FY2023: $3.8BDY FY2024: $4.2BDY FY2025: $4.7BDY FY2026: $5.5BMTZ FY2018: $6.9BMTZ FY2019: $7.2BMTZ FY2020: $6.3BMTZ FY2021: $8BMTZ FY2022: $9.8BMTZ FY2023: $12BMTZ FY2024: $12.3BMTZ FY2025: $14.3BFY18FY19FY20FY21FY22FY23FY24FY25FY26
DY $5.5BMTZ $14.3B
Net income
DY FY2018: $62.9MDY FY2019: $57.2MDY FY2020: $34.3MDY FY2022: $48.6MDY FY2023: $142.2MDY FY2024: $218.9MDY FY2025: $233.4MDY FY2026: $281.2MMTZ FY2018: $259.7MMTZ FY2019: $392.3MMTZ FY2020: $322.8MMTZ FY2021: $328.8MMTZ FY2022: $33.4MMTZ FY2023: -$49.9MMTZ FY2024: $162.8MMTZ FY2025: $399MFY18FY19FY20FY21FY22FY23FY24FY25FY26
DY $281.2MMTZ $399M
Net margin
DY FY2018: 2.0%DY FY2019: 1.7%DY FY2020: 1.1%DY FY2022: 1.6%DY FY2023: 3.7%DY FY2024: 5.2%DY FY2025: 5.0%DY FY2026: 5.1%MTZ FY2018: 3.8%MTZ FY2019: 5.5%MTZ FY2020: 5.1%MTZ FY2021: 4.1%MTZ FY2022: 0.3%MTZ FY2023: -0.4%MTZ FY2024: 1.3%MTZ FY2025: 2.8%FY18FY19FY20FY21FY22FY23FY24FY25FY26
DY 5.1%MTZ 2.8%
Revenue growth
DY FY2019: +6.8%DY FY2020: -4.2%DY FY2022: -2.1%DY FY2023: +21.7%DY FY2024: +9.6%DY FY2025: +12.6%DY FY2026: +17.9%MTZ FY2019: +4.0%MTZ FY2020: -12.0%MTZ FY2021: +25.8%MTZ FY2022: +23.0%MTZ FY2023: +22.7%MTZ FY2024: +2.6%MTZ FY2025: +16.2%FY19FY20FY21FY22FY23FY24FY25FY26
DY +17.9%MTZ +16.2%
Free cash flow
DY FY2018: -$40.5MDY FY2019: -$62.6MDY FY2020: $323.7MDY FY2022: $151.6MDY FY2023: -$36.2MDY FY2024: $40.5MDY FY2025: $98.6MDY FY2026: $401.7MMTZ FY2018: $349.5MMTZ FY2019: $423.8MMTZ FY2020: $723.5MMTZ FY2021: $623MMTZ FY2022: $88.9MMTZ FY2023: $494.3MMTZ FY2024: $972.8MMTZ FY2025: $285.7MFY18FY19FY20FY21FY22FY23FY24FY25FY26
DY $401.7MMTZ $285.7M

Fiscal years as each company reports them; the two may end in different months.

Questions about Dycom Industries and Mastec

Which is bigger by revenue, Dycom Industries or Mastec?

Mastec is bigger by revenue: $14.3B in fiscal 2025, against $5.5B for Dycom Industries in fiscal 2026.

Which keeps more of its revenue as profit, Dycom Industries or Mastec?

Dycom Industries had a net margin of 5.1% in fiscal 2026; Mastec had 2.8% in fiscal 2025.

Which grew revenue faster, Dycom Industries or Mastec?

In their latest fiscal years revenue changed by +17.9% at Dycom Industries and +16.2% at Mastec.

Where do these numbers come from?

From the annual reports each company files with the SEC (10-K, or 20-F and 40-F for foreign companies), read from their XBRL data. Margins and growth are simple arithmetic on those figures. Nothing here is a recommendation.

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