Pure Cycle (PCYO) Net Margin (2010 - 2026)
Pure Cycle (PCYO) reported Net Margin of 21.38% for Q1 2026, up 113.0% year-over-year from 10.04% in Q1 2025, and down 57.22% on a QoQ basis from 49.97% in Q4 2025.
Pure Cycle (PCYO) has 17 years of Net Margin data on file, last reported at 21.38% in Q1 2026.
- Quarterly Net Margin rose 113.0% year-over-year to 21.38% in Q1 2026, while the trailing twelve-month figure through Feb 2026 was 46.32% (down 114.0% YoY) and the FY2025 annual result came in at 50.87%, up 1040.0% from the prior year.
- Net Margin declined to 21.38% in Q1 2026 per PCYO's latest filing, from 49.97% in the prior quarter.
- Across five years, Net Margin topped out at 68.45% in Q4 2024 and bottomed at 3.69% in Q1 2024.
- The 5-year median for Net Margin is 37.15% (2024), against an average of 35.47%.
- The widest annual swing landed in 2022, when Net Margin plunged 32985 bps; it then soared 3011 bps in 2024.
- Tracing PCYO's Net Margin over 5 years: 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 dropped by 27 bps to 49.97% in 2025, then tumbled by 57 bps to 21.38% in 2026.
- Per Business Quant, the three latest PCYO Net Margin figures stand at 21.38% (Q1 2026), 49.97% (Q4 2025), and 55.96% (Q3 2025).
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Net Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | American Water Works Company | 24.16 Bn | 24.02 Bn | 714.00 Mn | 16.24% |
| 2 | Aris Mining | 20.33 Bn | 19.86 Bn | 233.28 Mn | 33.21% |
| 3 | Essential Utilities | 10.48 Bn | 10.40 Bn | 685.96 Mn | 26.04% |
| 4 | American States Water | 2.94 Bn | 2.93 Bn | 104.19 Mn | 26.11% |
| 5 | California Water Service | 2.58 Bn | 2.48 Bn | 183.34 Mn | -1.33% |
| 6 | H2O America | 2.18 Bn | 2.03 Bn | 171.30 Mn | 10.37% |
| 7 | Middlesex Water | 959.61 Mn | 957.57 Mn | 25.70 Mn | 21.73% |
| 8 | Consolidated Water | 465.28 Mn | 344.14 Mn | 10.92 Mn | -0.14% |
| 9 | York Water | 430.12 Mn | 430.12 Mn | 13.98 Mn | 24.10% |
| 10 | Pure Cycle | 243.91 Mn | 239.09 Mn | 2.78 Mn | 21.38% |
Historic Data
Download Data| Date | Value |
|---|---|
| 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 | 52.74% |
| May 31, 2024 | 37.15% |
| Feb 29, 2024 | 3.69% |
| Nov 30, 2023 | 38.34% |
| Aug 31, 2023 | 31.35% |
| May 31, 2023 | 47.90% |
| Feb 28, 2023 | 6.30% |
| Nov 30, 2022 | 11.87% |
| Aug 31, 2022 | 51.24% |
| May 31, 2022 | 26.26% |
| Feb 28, 2022 | 36.30% |
| Nov 30, 2021 | 35.43% |
| Aug 31, 2021 | 37.80% |
| May 31, 2021 | 44.11% |
| Feb 28, 2021 | 366.15% |
| Nov 30, 2020 | 17.36% |
| Aug 31, 2020 | 6.53% |
| May 31, 2020 | 0.81% |
| Feb 29, 2020 | 7.79% |
| Nov 30, 2019 | 61.66% |
| Aug 31, 2019 | 31.79% |
| May 31, 2019 | 24.33% |
| Feb 28, 2019 | -3.65% |
| Nov 30, 2018 | 20.63% |
| Aug 31, 2017 | 0.15% |
| May 31, 2017 | -8.21% |
| Feb 28, 2017 | -1.27% |
| Nov 30, 2016 | -9.55% |
| Aug 31, 2016 | 8.72% |
| May 31, 2016 | -60.40% |
| Feb 29, 2016 | -38.16% |
| Nov 30, 2015 | -2.38% |
| Aug 31, 2015 | -16,633,853.33% |
| May 31, 2015 | 30,179.17% |
| Feb 28, 2015 | 17,581.18% |
| Nov 30, 2014 | -10,739.47% |
| Feb 28, 2014 | -185.00% |
| Nov 30, 2013 | -92.80% |
| Aug 31, 2013 | -185.29% |
| May 31, 2013 | -275.91% |
| Feb 28, 2013 | -85.29% |
| Nov 30, 2012 | -124.21% |
| Aug 31, 2012 | -11,497.39% |
| May 31, 2012 | -2,014.60% |
| Feb 29, 2012 | -2,513.32% |
| Nov 30, 2011 | -912.99% |
| Aug 31, 2011 | -517.32% |
| May 31, 2011 | -517.10% |
| Feb 28, 2011 | -1,381.35% |
| Nov 30, 2010 | -768.25% |