Pure Cycle Corp (PCYO) Gross Margin (2010 - 2026)
Pure Cycle's Gross Margin was 52.12% in fiscal Q3 2026 (quarter ended May 31, 2026), down 11.25 percentage points from 63.37% a year earlier and down 1.74 percentage points from the prior quarter.
Pure Cycle Corp (PCYO) Gross Margin (2010 - 2026) Analysis & Trends
On a trailing twelve-month basis, Pure Cycle's Gross Margin was 61.97% through May 31, 2026, down 4.43 percentage points year-over-year; for FY2025 (ended Aug 31, 2025), it came in at 61.45%, down 7.29 percentage points from FY2024.
- Gross Margin shows a five-year change of +32.27 percentage points (FY2020 to FY2025).
- In earlier fiscal years, Gross Margin was 68.73% in FY2024 (+13.61 pp), 55.12% in FY2023 (-16.06 pp), 71.18% in FY2022 (+8.57 pp) and 62.62% in FY2021 (+33.44 pp).
- The fiscal Q3 2026 figure marks the lowest quarterly Gross Margin since fiscal Q2 2025.
- Compared with a year earlier, Gross Margin was higher in four of the last eight quarters, with an average year-over-year change of +1.01 percentage points.
- The best year-over-year quarter for Gross Margin over five years was fiscal Q1 2024 (a gain of 61.00 percentage points); the worst was fiscal Q1 2023 (a drop of 66.59 percentage points).
- Per Business Quant data, PCYO's Gross Margin in the three fiscal quarters before Q3 2026 was 53.86% (Q2 2026), 68.43% (Q1 2026) and 67.68% (Q4 2025).
Peer Comparison
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% |
Pure Cycle Corp Gross Margin API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=gross-margin&ticker=PCYO&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "gross-margin", "ticker": "PCYO", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=gross-margin&ticker=PCYO&period=max&api_key=YOUR_API_KEY");
const data = await res.json();