Pure Cycle (PCYO) Gross Margin (2010 - 2026)
Pure Cycle (PCYO) posted quarterly Gross Margin of 52.12% for Q2 2026, down 1125.0% year-over-year from 5.08% in Q2 2025, and down 3.24% quarter-over-quarter from 53.86% in Q1 2026.
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Pure Cycle (PCYO) Gross Margin (2010 - 2026) Analysis & Trends
Pure Cycle (PCYO) has reported Gross Margin for 17 consecutive years, with 52.12% the latest figure, recorded in Q2 2026.
- In Q2 2026, Gross Margin fell 1125.0% year-over-year to 52.12%; the TTM figure through May 2026 stood at 61.97% (up 1669.0% YoY), while the FY2025 annual figure was 61.45%, down 729.0% from the prior year.
- Gross Margin declined to 52.12% in Q2 2026 per PCYO's latest filing, from 53.86% in the prior quarter.
- Across five years, Gross Margin topped out at 97.71% in Q2 2024 and bottomed at 1.04% in Q4 2022.
- Historically, Gross Margin has averaged 63.19% across 5 years, with a median of 63.56% in 2024.
- Annual changes were most pronounced in 2022 — Gross Margin tumbled 6659 bps — and 2023, when it surged 9624 bps.
- Pure Cycle's Gross Margin stood at 1.04% in 2022, then jumped by 9212 bps to 97.29% in 2023, then plunged by 34 bps to 63.75% in 2024, then rose by 7 bps to 68.43% in 2025, then fell by 24 bps to 52.12% in 2026.
- Business Quant data shows PCYO's Gross Margin at 52.12% in Q2 2026, 53.86% in Q1 2026, and 68.43% in Q4 2025.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | American Water Works Company | 27.60 Bn | 27.41 Bn | 874.00 Mn | 64.50% |
| 2 | Essential Utilities | 11.90 Bn | 11.89 Bn | 377.22 Mn | 71.06% |
| 3 | American States Water | 3.52 Bn | 3.50 Bn | 169.26 Mn | 93.36% |
| 4 | California Water Service | 3.05 Bn | 2.96 Bn | 263.45 Mn | 85.37% |
| 5 | H2O America | 2.72 Bn | 2.61 Bn | 197.11 Mn | 93.65% |
| 6 | Middlesex Water | 1.09 Bn | 1.09 Bn | 30.96 Mn | 54.93% |
| 7 | York Water | 545.76 Mn | 545.20 Mn | 17.56 Mn | 74.68% |
| 8 | Consolidated Water | 467.37 Mn | 334.74 Mn | 10.96 Mn | 33.35% |
| 9 | Artesian Resources | 373.15 Mn | 363.34 Mn | 29.37 Mn | 95.78% |
| 10 | Pure Cycle | 268.76 Mn | 260.32 Mn | 4.29 Mn | 52.12% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| May 31, 2026 | 52.12% |
| Feb 28, 2026 | 53.86% |
| Nov 30, 2025 | 68.43% |
| Aug 31, 2025 | 67.68% |
| May 31, 2025 | 63.37% |
| Feb 28, 2025 | 38.22% |
| Nov 30, 2024 | 63.75% |
| Aug 31, 2024 | 77.82% |
| May 31, 2024 | 63.99% |
| 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 | 1.04% |
| Aug 31, 2022 | 78.46% |
| May 31, 2022 | 56.26% |
| Feb 28, 2022 | 67.69% |
| Nov 30, 2021 | 67.63% |
| Aug 31, 2021 | 70.05% |