Pure Cycle Corporation: stock overview

PCYONASDAQUtilities · Water Supply

Price

$10.82

November 13, 2026Market cap $261M

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What Ploutos Investor adds for Pure Cycle

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See the plans
  • The full history: 16 fiscal years, from FY2010
  • The estimated fair value, with its range and its certainty
  • The full analysis, 18 a month
  • More questions to the chat on its filings
  • Excel with every year
  • An email when it reports, changes its dividend or an officer buys

Sign in with a free account to see the last 5 fiscal years.

Notes on these figures

  • Profit over the last twelve months is well above what the business itself earned, because it includes large gains outside the business, such as on investments or from selling a business. The P/E is lower than the business alone would give.
  • The latest annual figures the company filed are for 2025, more than a year ago. Newer ones may be late.

In short

Pure Cycle had revenue of $34M over the last 12 months and net income of $15M, a net margin of 43.7%. Revenue grew by 0.2% a year on average over the last 5 years. At $10.82 the shares trade at a P/E of 17.7, against a median of 22.2 over the last 5 fiscal years. It has net debt of $5.7M. It pays no dividend.

From its SEC filings (latest fiscal year to August 31, 2025) and the price of November 13, 2026.

Its SEC filings
Market cap
$261M
24.08M shares
P/E
17.7
Today17.7
Median22.2
Revenue, 12 months
$34M
+0.2% a year over 5 years
Net margin
43.7%
FY2025: 50.2%, above 99% of its industry

Worth knowing

What a holder would want to hear from the company's SEC filings of the last three years. Each with its filing, without comment.

3 fiscal years in figures

Each fiscal year's figures as the company filed them, and the share price at its end.

FY2023–FY2025 fiscal years

+33.7% a year over 2 years

  • FY2025Aug 31, 202510-K
    Revenue$26M
  • FY2024Aug 31, 202410-K
    Revenue$29M
  • FY2023Aug 31, 202310-K
    Revenue$15M

Fiscal years in figures

PCYO's revenue, profit, cash flow and dividend with each year-end price, from FY2010 to FY2022, 13 more fiscal years

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Key figures

The company's current figures in five groups. Each term is explained behind its ⓘ.

Valuation

Market cap 3-year median: $256M
$261M
Enterprise value 
$266M
P/E 3-year median: 22.2
17.7
EV / EBIT 
21.0
EV / Revenue 
7.9
P/B 3-year median: 2.0
1.7
FCF yield 3-year median: 0.7%
2.5%
Earnings yield 3-year median: 4.5%
5.7%

Profitability

Gross margin 
62.0%
Operating margin 
37.7%
Net margin 3-year median: 40.4%
43.7%
ROIC 
6.2%
ROIC, 5-year average 
4.7%
ROE 
10.1%

Growth

Revenue, yearly change 
-9.3%
EPS, yearly change 
+12.5%
FCF, yearly change 
+563.6%
Revenue, average a year 
+0.2%
EPS, average a year 
+14.0%

The yearly change compares FY2025 with FY2024.

Balance sheet

Cash 
$8.4M
Total debt 
$14M
Net debt 
$5.7M
Net debt / EBITDA 
0.4x
Interest cover 
25.4x
Current ratio 
1.53

Balance sheet of May 31, 2026.

Returns to shareholders

Dividend yield 
0.00%
Buybacks 
0.15%
Total returned 
0.15%
Shares, yearly change 
0.0%
Valuation against its own pastEach fiscal year's P/E, P/FCF and P/B beside today's, and the DCF calculator for the company.Valuation

Against its industry

Where its margins and returns stood in fiscal 2025 among the SEC filers of its industry (SIC code 49).

Gross margin

61.5%

Above 80% of all companies (its industry has too few to compare).

Operating margin

29.4%

Above 82% of the 117 companies in its industry, and 92% of all.

Net margin

50.2%

Above 99% of the 122 companies in its industry, and 98% of all.

ROE

8.9%

Above 49% of the 103 companies in its industry, and 56% of all.

ROA

7.8%

Above 95% of the 122 companies in its industry, and 82% of all.

Revenue growth

-9.3%

Above 2% of the 122 companies in its industry, and 11% of all.

From the yearly figures every company files with the SEC, for those with revenue of at least $25 million. The industry is the first two digits of the SIC code.

The company at the SEC

How it is registered and when its fiscal year ends.

Name at the SEC
PURE CYCLE CORP
CIK
276720
Exchange
NASDAQ
Industry (SIC)
4941 · Water Supply
Fiscal year ends
August 31
Latest annual report
August 31, 2025
Reporting currency
USD
Shares
24.08M

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The full analysis

What do Pure Cycle's filings show?

These are Pure Cycle's figures. The full Ploutos AI analysis reads everything the company has filed and shows what stands behind it, with a source for every figure.

  • A fair value range built from the filings
  • Earnings quality, debt and red flags
  • Insider and institutional moves
  • The case for and the case against

Questions about PCYO

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What is PCYO's market cap?

Pure Cycle Corporation's market cap is $261M, at a price of $10.82 on November 13, 2026 and 24.08M shares.

What is PCYO's P/E?

PCYO's P/E is 17.7, on earnings per share of $0.61 over the last 12 months. The median over the last 5 fiscal years was 22.2.

How much revenue does PCYO have?

Pure Cycle had revenue of $34M over the last 12 months. Over the last 5 years it changed by +0.2% a year on average.

Does PCYO pay a dividend?

No. Pure Cycle paid no regular dividend over the last 12 months.

Where do the figures come from?

From Pure Cycle Corporation's SEC filings (10-K and 10-Q) and the share price. They hold no analyst estimates and no score, and they are not a recommendation.

Related pages

The other pages on US stocks, free to read. On the company pages, the last three fiscal years are open to everyone, five with a free account, and every year with Ploutos Investor.

US stocksThe market today, the sectors, the largest companies and the week's results.The market's sectorsThe 11 sectors side by side: returns, share of the market, median P/E and dividend.Compare stocksTwo companies side by side: price over up to ten years, with and without dividends, and every figure.US dividend stocksEach dividend's yield next to whether the company's cash covers it and whether it was ever cut.

The figures come from the company's SEC filings and the share price, and describe what it has reported. They are not a score or a fair value.