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Dycom Industries vs Primoris Services: revenue, profit, margins and growth compared

Dycom Industries brought in $5.5B of revenue in fiscal 2026, Primoris Services $7.6B in fiscal 2025. Revenue changed by +17.9% at Dycom Industries and +19.0% at Primoris Services on the year before, so Primoris Services grew faster. Dycom Industries kept 5.1% of its revenue as net profit, Primoris Services 3.6%. Free cash flow was $401.7M at Dycom Industries and $340.5M at Primoris Services.

Side by side, latest fiscal year

DYPRIM
Fiscal year endedFY2026 (January 31, 2026)FY2025 (December 31, 2025)
Revenue$5.5B$7.6B
Revenue growth+17.9%+19.0%
Net income$281.2M$274.9M
Net margin5.1%3.6%
Free cash flow$401.7M$340.5M
Free cash flow margin7.2%4.5%
Earnings per share (diluted)$9.56$5.02
Cash$709.2M$535.5M
Debt$2.8B$469.9M
Price to earnings28.414.5
Market value$8.2B$3.9B
Dividend yieldn/a0.44%
Rank by revenue in sector#112 of 451 · Industrials#88 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: $5.5BPRIM FY2018: $2.9BPRIM FY2019: $3.1BPRIM FY2020: $3.5BPRIM FY2021: $3.5BPRIM FY2022: $4.4BPRIM FY2023: $5.7BPRIM FY2024: $6.4BPRIM FY2025: $7.6BFY18FY19FY20FY21FY22FY23FY24FY25FY26
DY $5.5BPRIM $7.6B
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: $281.2MPRIM FY2018: $77.5MPRIM FY2019: $82.3MPRIM FY2020: $105MPRIM FY2021: $115.7MPRIM FY2022: $133MPRIM FY2023: $126.1MPRIM FY2024: $180.9MPRIM FY2025: $274.9MFY18FY19FY20FY21FY22FY23FY24FY25FY26
DY $281.2MPRIM $274.9M
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%PRIM FY2018: 2.6%PRIM FY2019: 2.7%PRIM FY2020: 3.0%PRIM FY2021: 3.3%PRIM FY2022: 3.0%PRIM FY2023: 2.2%PRIM FY2024: 2.8%PRIM FY2025: 3.6%FY18FY19FY20FY21FY22FY23FY24FY25FY26
DY 5.1%PRIM 3.6%
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%PRIM FY2019: +5.7%PRIM FY2020: +12.4%PRIM FY2021: +0.2%PRIM FY2022: +26.4%PRIM FY2023: +29.3%PRIM FY2024: +11.4%PRIM FY2025: +19.0%FY19FY20FY21FY22FY23FY24FY25FY26
DY +17.9%PRIM +19.0%
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: $401.7MPRIM FY2018: $16.6MPRIM FY2019: $24.5MPRIM FY2020: $248.6MPRIM FY2021: -$54.1MPRIM FY2022: -$11.3MPRIM FY2023: $95.5MPRIM FY2024: $381.8MPRIM FY2025: $340.5MFY18FY19FY20FY21FY22FY23FY24FY25FY26
DY $401.7MPRIM $340.5M

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

Questions about Dycom Industries and Primoris Services

Which is bigger by revenue, Dycom Industries or Primoris Services?

Primoris Services is bigger by revenue: $7.6B in fiscal 2025, against $5.5B for Dycom Industries in fiscal 2026.

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

Dycom Industries had a net margin of 5.1% in fiscal 2026; Primoris Services had 3.6% in fiscal 2025.

Which grew revenue faster, Dycom Industries or Primoris Services?

In their latest fiscal years revenue changed by +17.9% at Dycom Industries and +19.0% at Primoris Services.

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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