Pure Cycle (PCYO) Net Margin (2010 - 2026)
Pure Cycle (PCYO) posted quarterly Net Margin of 35.86% for Q2 2026, down 804.0% year-over-year from 5.09% in Q2 2025, and up 67.72% quarter-over-quarter from 21.38% in Q1 2026.
Pure Cycle (PCYO) Net Margin (2010 - 2026) Analysis & Trends
Pure Cycle (PCYO) has reported Net Margin for 17 consecutive years, with 35.86% the latest figure, recorded in Q2 2026.
- In Q2 2026, Net Margin fell 804.0% year-over-year to 35.86%; the TTM figure through May 2026 stood at 44.14% (down 812.0% YoY), while the FY2025 annual figure was 50.87%, up 791.0% from the prior year.
- Net Margin grew to 35.86% in Q2 2026 per PCYO's latest filing, from 21.38% in the prior quarter.
- Across five years, Net Margin topped out at 77.13% in Q3 2022 and bottomed at 3.69% in Q1 2024.
- Historically, Net Margin has averaged 37.64% across 5 years, with a median of 37.44% in 2024.
- On a YoY basis, Net Margin climbed as much as 5217 bps in 2022 and fell as far as 32985 bps in 2022.
- Pure Cycle's Net Margin stood at 11.87% in 2022, then surged by 223 bps to 38.34% in 2023, then surged by 79 bps to 68.45% in 2024, then retreated by 27 bps to 49.97% in 2025, then fell by 28 bps to 35.86% in 2026.
- Business Quant data shows PCYO's Net Margin at 35.86% in Q2 2026, 21.38% in Q1 2026, and 49.97% in Q4 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Net Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | American Water Works Company | 26.52 Bn | 26.33 Bn | - | 23.25% |
| 2 | Essential Utilities | 11.31 Bn | 11.30 Bn | - | 19.92% |
| 3 | American States Water | 3.36 Bn | 3.34 Bn | 278.03 Mn | 9.45% |
| 4 | California Water Service | 3.01 Bn | 2.92 Bn | 263.45 Mn | 11.52% |
| 5 | H2O America | 2.59 Bn | 2.49 Bn | 197.11 Mn | 12.62% |
| 6 | Middlesex Water | 1.09 Bn | 1.09 Bn | - | 26.18% |
| 7 | Consolidated Water | 516.08 Mn | 389.75 Mn | 10.92 Mn | -0.14% |
| 8 | York Water | 516.05 Mn | 515.50 Mn | - | 32.38% |
| 9 | Artesian Resources | 361.28 Mn | 357.03 Mn | 26.56 Mn | 7.16% |
| 10 | Pure Cycle | 274.54 Mn | 266.10 Mn | 4.29 Mn | 35.86% |
Historic Data
Download Data| Date | Value |
|---|---|
| May 31, 2026 | 35.86% |
| Feb 28, 2026 | 21.38% |
| Nov 30, 2025 | 49.97% |
| Aug 31, 2025 | 55.96% |
| May 31, 2025 | 43.89% |
| Feb 28, 2025 | 20.25% |
| Nov 30, 2024 | 68.45% |
| Aug 31, 2024 | 58.45% |
| May 31, 2024 | 37.15% |
| Feb 29, 2024 | 3.69% |
| Nov 30, 2023 | 38.34% |
| Aug 31, 2023 | 37.74% |
| May 31, 2023 | 47.90% |
| Feb 28, 2023 | 6.30% |
| Nov 30, 2022 | 11.87% |
| Aug 31, 2022 | 77.13% |
| May 31, 2022 | 26.86% |
| Feb 28, 2022 | 36.30% |
| Nov 30, 2021 | 35.43% |
| Aug 31, 2021 | 24.96% |