Pure Cycle (PCYO) Gross Margin (2010 - 2026)
Pure Cycle (PCYO) reported Gross Margin of 53.86% for Q1 2026, up 1564.0% year-over-year from 3.24% in Q1 2025, and down 21.29% on a QoQ basis from 68.43% in Q4 2025.
Pure Cycle (PCYO) has 17 years of Gross Margin data on file, last reported at 53.86% in Q1 2026.
- Quarterly Gross Margin rose 1564.0% year-over-year to 53.86% in Q1 2026, while the trailing twelve-month figure through Feb 2026 was 70.6% (down 428.0% YoY) and the FY2025 annual result came in at 61.45%, down 729.0% from the prior year.
- Gross Margin slipped to 53.86% in Q1 2026 per PCYO's latest filing, from 68.43% in the prior quarter.
- Across five years, Gross Margin topped out at 136.73% in Q3 2022 and bottomed at 38.22% in Q1 2025.
- The 5-year median for Gross Margin is 67.68% (2025), against an average of 71.11%.
- The widest annual swing landed in 2022, when Gross Margin jumped 6667 bps; it then tumbled 8435 bps in 2023.
- Tracing PCYO's Gross Margin over 5 years: stood at 92.09% in 2022, then tumbled by 33 bps to 62.05% in 2023, then climbed by 3 bps to 63.75% in 2024, then climbed by 7 bps to 68.43% in 2025, then retreated by 21 bps to 53.86% in 2026.
- Per Business Quant, the three latest PCYO Gross Margin figures stand at 53.86% (Q1 2026), 68.43% (Q4 2025), and 67.68% (Q3 2025).
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | American Water Works Company | 24.41 Bn | 24.28 Bn | 714.00 Mn | 59.15% |
| 2 | Aris Mining | 20.22 Bn | 19.75 Bn | 233.28 Mn | 62.63% |
| 3 | Essential Utilities | 10.60 Bn | 10.53 Bn | 685.96 Mn | 79.60% |
| 4 | American States Water | 2.95 Bn | 2.94 Bn | 104.19 Mn | 94.64% |
| 5 | California Water Service | 2.62 Bn | 2.52 Bn | 183.34 Mn | 85.44% |
| 6 | H2O America | 2.18 Bn | 2.03 Bn | 171.30 Mn | 93.45% |
| 7 | Middlesex Water | 966.38 Mn | 964.34 Mn | 25.70 Mn | 52.76% |
| 8 | Consolidated Water | 470.56 Mn | 349.42 Mn | 10.92 Mn | 36.42% |
| 9 | York Water | 431.27 Mn | 431.27 Mn | 13.98 Mn | 70.00% |
| 10 | Pure Cycle | 241.98 Mn | 237.17 Mn | 2.78 Mn | 53.86% |
Historic Data
Download Data| Date | Value |
|---|---|
| Feb 28, 2026 | 53.86% |
| Nov 30, 2025 | 68.43% |
| Aug 31, 2025 | 67.68% |
| May 31, 2025 | 97.65% |
| Feb 28, 2025 | 38.22% |
| Nov 30, 2024 | 63.75% |
| Aug 31, 2024 | 77.82% |
| May 31, 2024 | 97.71% |
| Feb 29, 2024 | 55.58% |
| Nov 30, 2023 | 62.05% |
| Aug 31, 2023 | 52.38% |
| May 31, 2023 | 67.93% |
| Feb 28, 2023 | 52.98% |
| Nov 30, 2022 | 92.09% |
| Aug 31, 2022 | 136.73% |
| May 31, 2022 | 56.26% |
| Feb 28, 2022 | 67.69% |
| Nov 30, 2021 | 98.20% |
| Aug 31, 2021 | 70.05% |
| May 31, 2021 | 64.74% |
| Feb 28, 2021 | 73.35% |
| Nov 30, 2020 | 43.61% |
| Aug 31, 2020 | 38.45% |
| May 31, 2020 | 40.22% |
| Feb 29, 2020 | 30.43% |
| Nov 30, 2019 | 17.92% |
| Aug 31, 2019 | 30.36% |
| May 31, 2019 | 37.08% |
| Feb 28, 2019 | 14.23% |
| Nov 30, 2018 | 40.55% |
| Aug 31, 2018 | 23.23% |
| May 31, 2018 | 56.35% |
| Feb 28, 2018 | 74.67% |
| Nov 30, 2017 | 57.43% |
| Aug 31, 2017 | 51.06% |
| May 31, 2017 | -24.63% |
| Feb 28, 2017 | 28.69% |
| Nov 30, 2016 | 27.14% |
| Aug 31, 2016 | 5.37% |
| May 31, 2016 | -33.66% |
| Feb 29, 2016 | -57.89% |
| Nov 30, 2015 | -5.56% |
| Aug 31, 2015 | -99.26% |
| May 31, 2015 | -15.83% |
| Feb 28, 2015 | 58.33% |
| Nov 30, 2014 | 65.44% |
| Feb 28, 2014 | 516.62% |
| Nov 30, 2013 | 123.78% |
| Aug 31, 2013 | 255.28% |
| May 31, 2013 | 288.49% |
| Feb 28, 2013 | 71.15% |
| Nov 30, 2012 | 83.69% |
| Aug 31, 2012 | 47.62% |
| May 31, 2012 | 41.00% |
| Feb 29, 2012 | 43.90% |
| Nov 30, 2011 | 30.17% |
| Aug 31, 2011 | 45.92% |
| May 31, 2011 | 26.39% |
| Feb 28, 2011 | 40.60% |
| Nov 30, 2010 | 38.96% |