Pure Cycle Corp
PCYO Nasdaq· Water Supply
Last close · Oct 23, 2026
$10.78
KIRA · Stoqly’s AI analyst, in plain words
- Pure Cycle Corp had $26.1M of revenue in fiscal 2025, down 9.3% on the year before. Over five years, revenue changed +0.2% a year on average.
- Its operating margin was 29.4%, down 13.2 pts: of every 100 in sales, about 29 is left after running the business.
- Pure Cycle Corp made $13.1M of net profit in fiscal 2025.
- Pure Cycle Corp returned $0.4M to shareholders in fiscal 2025. The diluted share count rose 0.1%.
- Pure Cycle Corp has $15.1M more cash than debt.
Market cap
$260M
P/E
17.4x
Revenue
$26.1M
Net income
$13.1M
Free cash flow
—
Operating margin
29.4%
Pure Cycle Corp in 30 seconds · fiscal 2025
Are sales growing?
−9.3%
No. Sales fell 9.3% last year.
Does it make a profit?
50.3%
Yes. It keeps 50.3% of every sale as profit.
Is debt under control?
Net cash
Yes. It has more cash than debt.
How healthy are the accounts?
5 / 9
Mixed. It passes 5 of 9 health tests.
How is the share priced?
17.4x
One share costs 17.4 times its yearly profit per share.
What Pure Cycle Corp does
No business description yet.
- Fiscal year ends
- August 31, 2025
- Latest annual report
- 10-K · Nov 12, 2025
- Legal name
- PURE CYCLE CORP
- CIK
- 0000276720
Pure Cycle Corp · PCYO
Results and finances
The last 5 fiscal years. Amounts in USD.
| Fiscal year | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|
| Sales and profit | |||||
| Revenue | $17.1M | $23.0M | $14.6M | $28.7M | $26.1M |
| Revenue growth | −33.8% | 34.3% | −36.6% | 97.1% | −9.3% |
| Net interest income | — | −$0.1M | −$0.2M | — | — |
| Gross margin | 62.6% | 71.2% | 55.1% | 68.7% | 61.4% |
| Operating margin | 30.8% | 43.9% | 14.2% | 42.6% | 29.4% |
| Net income | $20.1M | $9.6M | $4.7M | $11.6M | $13.1M |
| Net margin | 117.4% | 41.8% | 32.2% | 40.4% | 50.3% |
| Diluted EPS | $0.83 | $0.40 | $0.19 | $0.48 | $0.54 |
| Cash | |||||
| Cash from operations | $3.5M | $17.5M | −$2.3M | $2.3M | $13.2M |
| Share buybacks | — | — | — | $0.6M | $0.4M |
| Share count change | 0.2% | 0.2% | −0.2% | 0.1% | 0.1% |
| Debt and strength | |||||
| Cash and short-term investments | $20.1M | $34.9M | $26.0M | $22.1M | $21.9M |
| Debt incl. finance leases | $0.0M | — | — | $6.9M | $6.8M |
| Shareholders' equity | $103M | $113M | $118M | $130M | $143M |
| Net debt / EBITDA | −2.9x | — | — | −1.1x | −1.5x |
| Current ratio | 3.1x | 3.5x | 4.6x | 4.0x | 2.7x |
| Interest coverage | — | — | 10.1x | 27.9x | 18.0x |
| Returns and quality | |||||
| Return on capital | 4.8% | — | — | 7.9% | 4.5% |
| Return on equity | 21.8% | 8.9% | 4.1% | 9.4% | 9.6% |
| Return on tangible equity | 19.6% | 8.5% | 4.0% | 9.0% | 9.2% |
| Piotroski F-score | 4 | 6 | 3 | 5 | 5 |
| Altman Z'' | 7.3 | 7.7 | 8.2 | 8.5 | 8.1 |
Insiders bought, 12 months
$0.0M
0 insiders
Insiders sold, 12 months
$0.8M
1 insider
Of sales under plans
0%
$0.0M
How to read these numbers
- Revenue:
- Total sales reported in the income statement.
- Operating margin:
- Operating income as a share of revenue.
- Net income:
- Profit after all expenses, interest and tax.
- Free cash flow:
- Cash from operations minus capital spending.
- Net debt / EBITDA:
- Years of EBITDA needed to pay off net debt. Below zero means more cash than debt.
- Return on capital:
- After-tax operating income as a share of the money invested in the business: debt plus equity, minus cash.
Pure Cycle Corp · PCYO
Charts and comparison
Ten years at a glance, and how it stacks up against similar companies.
Revenue
Net income
Margins, % of revenue
Cash vs debt (incl. leases)
Free cash flow
Dividends and buybacks
KIRA
At $10.78 a share, the company is worth $260M: 17.4 times its earnings of the last four quarters.
Source: SEC EDGAR XBRL filings (CIK 0000276720). Data updated October 24, 2026. For information only — not investment advice. Check the original filings before relying on any figure.