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Side-by-side financial comparison of DYCOM INDUSTRIES INC (DY) and Loews Corporation (L). Click either name above to swap in a different company.

DYCOM INDUSTRIES INC is the larger business by last-quarter revenue ($1.5B vs $827.0M, roughly 1.8× Loews Corporation). Loews Corporation runs the higher net margin — 48.6% vs 7.3%, a 41.3% gap on every dollar of revenue. On growth, DYCOM INDUSTRIES INC posted the faster year-over-year revenue change (14.1% vs 4.8%). Loews Corporation produced more free cash flow last quarter ($426.0M vs $164.8M). Over the past eight quarters, DYCOM INDUSTRIES INC's revenue compounded faster (23.5% CAGR vs 7.9%).

Quanta Services is a U.S. corporation that provides infrastructure services for the electric power, pipeline, industrial and communications industries. Its capabilities include planning, design, installation, program management, maintenance and repair of most types of network infrastructure. The company has grown organically since its founding, but it has also acquired over 150 companies in the electrical contracting industry. It has provided its services and expertise to many major electrica...

Loews Corporation is a diversified US-based conglomerate that operates across multiple key industry segments through its subsidiaries. Its core business lines include property and casualty insurance, natural gas pipeline transportation, hospitality services, and upstream oil and gas exploration and production, primarily serving commercial, consumer and industrial clients across North American markets.

DY vs L — Head-to-Head

Bigger by revenue
DY
DY
1.8× larger
DY
$1.5B
$827.0M
L
Growing faster (revenue YoY)
DY
DY
+9.3% gap
DY
14.1%
4.8%
L
Higher net margin
L
L
41.3% more per $
L
48.6%
7.3%
DY
More free cash flow
L
L
$261.2M more FCF
L
$426.0M
$164.8M
DY
Faster 2-yr revenue CAGR
DY
DY
Annualised
DY
23.5%
7.9%
L

Income Statement — Q3 FY2026 vs Q4 FY2025

Metric
DY
DY
L
L
Revenue
$1.5B
$827.0M
Net Profit
$106.4M
$402.0M
Gross Margin
Operating Margin
9.7%
65.4%
Net Margin
7.3%
48.6%
Revenue YoY
14.1%
4.8%
Net Profit YoY
52.4%
115.0%
EPS (diluted)
$3.63
$1.93

Green = leading value per metric. Periods may differ when fiscal calendars don't align.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.

Revenue
DY
DY
L
L
Q4 25
$1.5B
$827.0M
Q3 25
$1.4B
$732.0M
Q2 25
$1.3B
$769.0M
Q1 25
$1.1B
$846.0M
Q4 24
$1.3B
$789.0M
Q3 24
$1.2B
$683.0M
Q2 24
$1.1B
$711.0M
Q1 24
$952.5M
$710.0M
Net Profit
DY
DY
L
L
Q4 25
$106.4M
$402.0M
Q3 25
$97.5M
$504.0M
Q2 25
$61.0M
$391.0M
Q1 25
$32.7M
$370.0M
Q4 24
$69.8M
$187.0M
Q3 24
$68.4M
$401.0M
Q2 24
$62.6M
$369.0M
Q1 24
$23.4M
$457.0M
Operating Margin
DY
DY
L
L
Q4 25
9.7%
65.4%
Q3 25
9.5%
94.1%
Q2 25
6.2%
70.1%
Q1 25
4.1%
60.8%
Q4 24
7.2%
23.8%
Q3 24
7.9%
80.5%
Q2 24
6.8%
71.3%
Q1 24
3.3%
88.6%
Net Margin
DY
DY
L
L
Q4 25
7.3%
48.6%
Q3 25
7.1%
68.9%
Q2 25
4.9%
50.8%
Q1 25
3.0%
43.7%
Q4 24
5.5%
23.7%
Q3 24
5.7%
58.7%
Q2 24
5.5%
51.9%
Q1 24
2.5%
64.4%
EPS (diluted)
DY
DY
L
L
Q4 25
$3.63
$1.93
Q3 25
$3.33
$2.43
Q2 25
$2.09
$1.87
Q1 25
$1.11
$1.74
Q4 24
$2.37
$0.87
Q3 24
$2.32
$1.82
Q2 24
$2.12
$1.67
Q1 24
$0.79
$2.05

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
DY
DY
L
L
Cash + ST InvestmentsLiquidity on hand
$110.1M
$6.0B
Total DebtLower is stronger
$8.4B
Stockholders' EquityBook value
$1.5B
$18.7B
Total Assets
$3.3B
$86.3B
Debt / EquityLower = less leverage
0.45×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
DY
DY
L
L
Q4 25
$110.1M
$6.0B
Q3 25
$28.5M
$5.4B
Q2 25
$16.1M
$4.5B
Q1 25
$92.7M
$4.4B
Q4 24
$15.3M
$4.6B
Q3 24
$19.6M
$5.2B
Q2 24
$26.1M
$4.9B
Q1 24
$101.1M
$5.4B
Total Debt
DY
DY
L
L
Q4 25
$8.4B
Q3 25
$8.4B
Q2 25
$7.9B
Q1 25
$8.4B
Q4 24
$8.9B
Q3 24
$8.8B
Q2 24
$8.6B
Q1 24
$8.4B
Stockholders' Equity
DY
DY
L
L
Q4 25
$1.5B
$18.7B
Q3 25
$1.4B
$18.3B
Q2 25
$1.3B
$17.5B
Q1 25
$1.2B
$17.2B
Q4 24
$1.2B
$17.1B
Q3 24
$1.2B
$17.4B
Q2 24
$1.1B
$16.4B
Q1 24
$1.1B
$16.2B
Total Assets
DY
DY
L
L
Q4 25
$3.3B
$86.3B
Q3 25
$3.2B
$85.9B
Q2 25
$3.1B
$84.7B
Q1 25
$2.9B
$83.1B
Q4 24
$3.1B
$81.9B
Q3 24
$2.8B
$83.6B
Q2 24
$2.6B
$81.1B
Q1 24
$2.5B
$80.9B
Debt / Equity
DY
DY
L
L
Q4 25
0.45×
Q3 25
0.46×
Q2 25
0.45×
Q1 25
0.49×
Q4 24
0.52×
Q3 24
0.51×
Q2 24
0.52×
Q1 24
0.52×

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
DY
DY
L
L
Operating Cash FlowLast quarter
$220.0M
$617.0M
Free Cash FlowOCF − Capex
$164.8M
$426.0M
FCF MarginFCF / Revenue
11.4%
51.5%
Capex IntensityCapex / Revenue
3.8%
23.1%
Cash ConversionOCF / Net Profit
2.07×
1.53×
TTM Free Cash FlowTrailing 4 quarters
$296.8M
$2.7B

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
DY
DY
L
L
Q4 25
$220.0M
$617.0M
Q3 25
$57.4M
$920.0M
Q2 25
$-54.0M
$1.0B
Q1 25
$328.2M
$736.0M
Q4 24
$65.8M
$941.0M
Q3 24
$-7.5M
$934.0M
Q2 24
$-37.4M
$952.0M
Q1 24
$325.1M
$198.0M
Free Cash Flow
DY
DY
L
L
Q4 25
$164.8M
$426.0M
Q3 25
$5.8M
$764.0M
Q2 25
$-133.5M
$872.0M
Q1 25
$259.7M
$638.0M
Q4 24
$-8.8M
$767.0M
Q3 24
$-72.9M
$794.0M
Q2 24
$-79.4M
$793.0M
Q1 24
$267.7M
$39.0M
FCF Margin
DY
DY
L
L
Q4 25
11.4%
51.5%
Q3 25
0.4%
104.4%
Q2 25
-10.6%
113.4%
Q1 25
23.9%
75.4%
Q4 24
-0.7%
97.2%
Q3 24
-6.1%
116.3%
Q2 24
-6.9%
111.5%
Q1 24
28.1%
5.5%
Capex Intensity
DY
DY
L
L
Q4 25
3.8%
23.1%
Q3 25
3.8%
21.3%
Q2 25
6.3%
17.4%
Q1 25
6.3%
11.6%
Q4 24
5.9%
22.1%
Q3 24
5.4%
20.5%
Q2 24
3.7%
22.4%
Q1 24
6.0%
22.4%
Cash Conversion
DY
DY
L
L
Q4 25
2.07×
1.53×
Q3 25
0.59×
1.83×
Q2 25
-0.88×
2.57×
Q1 25
10.05×
1.99×
Q4 24
0.94×
5.03×
Q3 24
-0.11×
2.33×
Q2 24
-0.60×
2.58×
Q1 24
13.88×
0.43×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

DY
DY

Segment breakdown not available.

L
L

Transportation And Storage Of Natural Gas And NG Ls And Ethane Supply And Transportation Services$601.0M73%
Lodging And Related Services$226.0M27%

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