Retained earnings is the accumulated portion of net income that is not distributed to shareholders. Dycom Industries's retained earnings for the quarter that ended in Apr. 2026 was $1,559 Mil.
Dycom Industries's quarterly retained earnings
increased
from Oct. 2025 ($1,451 Mil) to Jan. 2026 ($1,467 Mil) and
increased
from Jan. 2026 ($1,467 Mil) to Apr. 2026 ($1,559 Mil).
Dycom Industries's annual retained earnings
increased
from Jan. 2024 ($1,040 Mil) to Jan. 2025 ($1,220 Mil) and
increased
from Jan. 2025 ($1,220 Mil) to Jan. 2026 ($1,467 Mil).
Historically profitable companies sometimes have negative retained earnings. This is because they have cumulatively paid out more to shareholders than they reported in profits.
For example, in 2011, Microsoft had negative retained earnings. This does not mean the company lost more money than it made over the years. It just means it paid out more money than it earned.
If a company has negative retained earnings, investors should check the 10-year financial results. They should not assume that negative retained earnings prove a company has generally lost money in the past.
Of course, many companies with negative retained earnings have indeed lost money in the past.
Retained Earnings: Warren Buffett's Secret.
One of the most important indicators of durable competitive advantage. Net earnings can be paid out as dividends, used to buy back shares or retained for growth.
If the company loses more than it has accumulated, retained earnings is negative.
If a company isn't adding to its retained earnings, it isn't growing its net worth.
Rate of growth of retained earnings is good indicator whether it's benefiting from a competitive advantage.
Microsoft is negative because it chose to buyback stock and pay dividends.
The more earnings retained, the faster it grows and increases growth rate for future earnings.
Dycom Industries Retained Earnings Historical Data
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The historical data trend for Dycom Industries's Retained Earnings can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Retained Earnings is the accumulated portion of net income that is not distributed to shareholders. Because the net income was not distributed to shareholders, shareholders' equity is increased by the same amount.
Of course, if a company loses, it is called retained losses, or accumulated losses.
Dycom Industries (DY) has a Retained Earnings of $1,559 Mil as of Apr. 2026. Retained earnings is the amount of net income not issued to shareholders. View historical data on Dycom Industries and its competitors.
Is Dycom Industries' Retained Earnings too high?
Dycom Industries' current Retained Earnings is $1,559 Mil. Overall, Dycom Industries has a GF Score™ of 86/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Dycom Industries' Retained Earnings compare to J and IESC?
Dycom Industries' Retained Earnings of $1,559 Mil can be compared against companies in the Construction industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Retained Earnings for a Construction company?
A good Retained Earnings depends on the Construction industry context. However, Retained Earnings should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Retained Earnings mean?
A high Retained Earnings can signal that a stock is expensive relative to its fundamentals. Retained earnings is the amount of net income not issued to shareholders. View historical data on Dycom Industries and its competitors. Dycom Industries's current Retained Earnings is $1,559 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Dycom Industries stock overvalued right now?
Based on GuruFocus' analysis, Dycom Industries (DY) is currently considered Significantly Overvalued. The stock's GF Value™ is $270.03, compared to a current price of $425.72 — trading 57.7% above its estimated fair value. The current Retained Earnings is $1,559 Mil. Dycom Industries' overall GF Score™ is 86/100 with 3 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Retained Earnings calculated?
Retained Earnings is calculated from a company's financial statements. For Dycom Industries (DY), the current Retained Earnings is $1,559 Mil as of Apr. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is Dycom Industries (DY) Overvalued in 2026?
Based on GuruFocus' analysis, Dycom Industries stock appears to be overvalued.
The current stock price of $425.72 is trading 57.7% above its estimated GF Value™ of $270.03.
GuruFocus considers Dycom Industries to be Significantly Overvalued.
Key valuation signals for DY:
Retained Earnings: $1,559 Mil
GF Value™: $270.03 vs. price of $425.72 (57.7% above fair value)
No single metric tells the full story. See the DY stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Dycom Industries Inc is a provider of specialty contracting services to the telecommunications infrastructure and utility industries throughout the United States. The company has two reporting segments: Communications and Building Systems. The Communications segment provides specialty contracting services, including program management, planning; engineering and design; aerial, underground, and wireless construction; maintenance; and fulfillment services for telecommunications and digital infrastructure providers. The Building Systems segment specializes in providing comprehensive building infrastructure solutions, including electrical, energy management, security, and fire safety systems for data centers and other critical facilities. The firm generates key revenue from Communications.
86GF Score
Get the complete analysis for DY
Retained Earnings is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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