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Daktronics, Inc.

Rank #151Hypergrowth

DAKT · Nasdaq · Technology

Daktronics, Inc. (DAKT) — Rank #151 by gross profitability (GP/assets 0.38) · ROE 14.3% · Piotroski F-Score N/A.

As-of 2026-09-15 · CIK 0000915779 · all metrics point-in-time as of the filing date.

About

Daktronics, Inc. designs, manufactures, and sells electronic display systems and related solutions for sports, commercial, and transportation applications in the United States and internationally.

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It operates through Commercial, Live Events, High School Park and Recreation, Transportation, and International segments. The company offers video display and walls; sport scoreboard solutions; LED message displays and sings; intelligent transportation systems dynamic message signs; mass transit display; sound systems; and digital billboards and street furniture, and digit and price displays. It also provides indoor dynamic messaging systems; and software and controllers, which includes Venus, a control suite software to efficiently distribute and update content across single or multiple displays. The company serves out-of-home companies, retailers, quick-serve restaurants, casinos, shopping centers, cruise ships, commercial building owners, petroleum retailers, governmental transportation departments, transportation industry contractors, airlines, and sports and commercial business facilities. It sells its products through direct sales and resellers. Daktronics, Inc.

was incorporated in 1968 and is headquartered in Brookings, South Dakota.

Industry
Electronic Components
Sector
Technology
State
DE
Filer Category
Large accelerated filer
Fiscal Year End
May 1

Price History

DAKT+217.8% · +26.0% CAGRSPY+80.5% · +12.5% CAGR

Company Snapshot

P/S is the primary valuation lens — earnings are reinvested, not available for P/E.

Market Cap

$848.84M

P/E (annual)

19.2

P/S (annual)

1.0

P/B

2.7

P/OCF (annual)

17.2

Shareholder Yield

-9.9%

Employees

2,423

Industry

Electronic Components

Exchange

Nasdaq

Signal Flags

3 green2 yellow
Revenue growth acceleratingGrowth rate increasing year over year
Deferred revenue growingRevenue and deferred revenue both growing — retention signal
RPO outpacing revenueRemaining performance obligations growing faster than recognized revenue — forward demand building
Dilution above 2%Annual share count increase exceeds 2%. May be acceptable for high-growth companies funding talent via stock compensation
Disclosure regressionA previously-disclosed line item is no longer reported — worth checking the filing for why

Quality Profile

Profitability

1/1 pass
GP / assets
0.38
Return on equity
14.3%
Gross margin trend
PASS

Safety

1/1 pass
Balance-sheet safety
PASS
Debt / equity
0.91
Current ratio
2.17×
Net cash
$144.08M

Cash Flow

2/3 pass
Positive FCF
PASS
Cash-backed earnings
WARN
Accruals healthy
PASS
SBC / revenue
0.6%

Growth

1/2 pass
Revenue growth
47.2%
Piotroski F-Score
N/A
Share dilution
9.9%

Terry Smith quality gate

Passes 1/5 Terry Smith thresholds

What Growth Is Priced In

Implied revenue growth (10Y)

11.0%

incredible deal

The annual FCF growth rate today's price requires over a 10-year horizon (discount rate 10%, terminal growth 2.5%).

Dilution drag: 9.9% — per-share value needs a total required return of 20.9% once share-count change is priced in.

vs. own 6-year median revenue growth: 3.5%

priced above its own history

Cost-of-equity sensitivity (implied growth at different discount rates)

r = 8%

6.5%

r = 10% (base)

11.0%

r = 12%

14.9%

Net debt / market cap: -16.5%

Base FCF: $34.3M3Y mean FCF: $5.7M

Valuation History

Current multiple vs historical range at each filing date. Band spans 25th-75th percentile.

P / E

Price / diluted EPS

458.0xExpensive
22.2xmed 50.8x458.0x

P / S

Price / revenue per share

0.3xCheap
0.3xmed 0.7x1.0x

P / B

Price / book value per share

1.2xCheap
1.2xmed 2.2x2.7x

P / GP

Price / gross profit per share

1.5xCheap
1.5xmed 3.1x4.4x

P / FCF

Price / free cash flow per share

N/A
12.2xmed 22.1x141.9x

Revenue growth and the path to profitability (margin trend) are the primary reads at this stage.

Profitability

Gross profitability (GP / assets)

0.38

Primary signal (Novy-Marx).

3rd of 7 SIC 39 peers

Return on equity

14.3%

Gross margin

27.3%

6th of 7 SIC 39 peers

Revenue growth (YoY)

47.2%

RPO growth (YoY)

65.3%

Remaining performance obligations growth — RPO > revenue = forward demand building.

Gross margin improving

Margin trend vs prior year.

PASS

Operating Leverage

2017201820192020
Revenue vs COGS
Revenue vs OpEx
Op. Income vs Revenue

Growth

Revenue CAGR (3Y)

—

Revenue CAGR (5Y)

—

Earnings CAGR (3Y)

88.2%

FCF CAGR (3Y)

—

Anti-fragile safety

Balance-sheet safety

Composite anti-fragile check.

PASS

Debt / equity

0.91

6th of 6 SIC 39 peers (best = lowest)

Current ratio

2.17×

6th of 7 SIC 39 peers

Quick ratio

1.34×

Net cash

$144.08M

Cash & equivalents minus total debt.

Cash-flow health

Free cash flow

$34.30M

Operating cash flow minus capex.

Positive free cash flow

PASS

FCF / net income

-0.24

Cash-backing of earnings.

FCF/NI divergence

Unfavorable divergence (yellow flag).

WARN

Accruals healthy

Cash-backed earnings.

PASS

SBC / revenue

0.6%

Stock-based comp intensity.

Piotroski F-Score

F-Score

N/A

Only 8/9 components determinable.

Lifecycle Phase History

20152020
Capital Return
Decline
Value
View full financial statements →