Growth Metrics

Pure Cycle (PCYO) Debt Ratio (2011 - 2026)

Pure Cycle (PCYO) reported Debt Ratio of 0.04 for Q1 2026, down 12.06% year-over-year from 0.04 in Q1 2025, and down 13.51% on a QoQ basis from 0.04 in Q4 2025.

Pure Cycle (PCYO) has 10 years of Debt Ratio data on file, last reported at 0.04 in Q1 2026.

  • Quarterly Debt Ratio fell 12.06% year-over-year to 0.04 in Q1 2026, while the trailing twelve-month figure through Feb 2026 was 0.04 (down 12.06% YoY) and the FY2025 annual result came in at 0.04, down 15.07% from the prior year.
  • Debt Ratio eased to 0.04 in Q1 2026 per PCYO's latest filing, from 0.04 in the prior quarter.
  • Across five years, Debt Ratio topped out at 0.05 in Q3 2023 and bottomed at 0.01 in Q2 2022.
  • The 5-year median for Debt Ratio is 0.04 (2025), against an average of 0.04.
  • The widest annual swing landed in 2022, when Debt Ratio surged 261.2%; it then retreated 15.07% in 2025.
  • Tracing PCYO's Debt Ratio over 5 years: stood at 0.03 in 2022, then jumped by 62.37% to 0.05 in 2023, then fell by 10.33% to 0.04 in 2024, then grew by 0.13% to 0.04 in 2025, then decreased by 13.51% to 0.04 in 2026.
  • Per Business Quant, the three latest PCYO Debt Ratio figures stand at 0.04 (Q1 2026), 0.04 (Q4 2025), and 0.04 (Q3 2025).

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Debt Ratio (Qtr)
1 American Water Works Company 24.41 Bn 24.28 Bn 714.00 Mn 0.40
2 Aris Mining 20.22 Bn 19.75 Bn 233.28 Mn 0.20
3 Essential Utilities 10.60 Bn 10.53 Bn 685.96 Mn 0.42
4 American States Water 2.95 Bn 2.94 Bn 104.19 Mn 0.05
5 California Water Service 2.62 Bn 2.52 Bn 183.34 Mn 0.25
6 H2O America 2.18 Bn 2.03 Bn 171.30 Mn 0.35
7 Middlesex Water 966.38 Mn 964.34 Mn 25.70 Mn 0.27
8 Consolidated Water 470.56 Mn 349.42 Mn 10.92 Mn 0.00
9 York Water 431.27 Mn 431.27 Mn 13.98 Mn 0.34
10 Pure Cycle 241.98 Mn 237.17 Mn 2.78 Mn 0.04

Historic Data

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DateValue
Feb 28, 2026 0.04
Nov 30, 2025 0.04
Aug 31, 2025 0.04
May 31, 2025 0.04
Feb 28, 2025 0.04
Nov 30, 2024 0.04
Aug 31, 2024 0.05
May 31, 2024 0.05
Feb 29, 2024 0.05
Nov 30, 2023 0.05
Aug 31, 2023 0.05
May 31, 2023 0.03
Feb 28, 2023 0.03
Nov 30, 2022 0.03
Aug 31, 2022 0.03
May 31, 2022 0.01
Feb 28, 2022 0.01
Nov 30, 2021 0.01
Aug 31, 2014 0.04
Feb 28, 2014 0.03
Nov 30, 2013 0.03
Aug 31, 2013 0.07
May 31, 2013 0.03
Feb 28, 2013 0.05
Nov 30, 2012 0.04
Aug 31, 2012 0.09
May 31, 2012 0.59
Feb 29, 2012 0.58
Nov 30, 2011 0.57
Aug 31, 2011 0.56