Pure Cycle Corp (PCYO) Operating Margin (2010 - 2026)
Pure Cycle's Operating Margin was 25.71% in fiscal Q3 2026 (quarter ended May 31, 2026), down 0.24 percentage points from 25.95% a year earlier but up 20.62 percentage points from the prior quarter.
Pure Cycle Corp (PCYO) Operating Margin (2010 - 2026) Analysis & Trends
On a trailing twelve-month basis, Pure Cycle's Operating Margin was 37.67% through May 31, 2026, up 3.01 percentage points year-over-year; for FY2025 (ended Aug 31, 2025), it was 29.40%, down 13.18 percentage points from FY2024.
- Operating Margin shows a five-year change of +23.55 percentage points (FY2020 to FY2025).
- In earlier fiscal years, Operating Margin was 42.59% in FY2024 (+28.38 pp), 14.21% in FY2023 (-29.68 pp), 43.89% in FY2022 (+13.12 pp) and 30.77% in FY2021 (+24.92 pp).
- Quarterly Operating Margin has moved between -111.12% (fiscal Q1 2023) and 61.99% (fiscal Q4 2024) over five years.
- Compared with a year earlier, Operating Margin was higher in three of the last eight quarters, with an average year-over-year change of +8.64 percentage points.
- The best year-over-year quarter for Operating Margin over five years was fiscal Q1 2024 (a gain of 143.72 percentage points); the worst was fiscal Q1 2023 (a drop of 145.76 percentage points).
- Per Business Quant data, PCYO's Operating Margin in the three fiscal quarters before Q3 2026 was 5.09% (Q2 2026), 47.98% (Q1 2026) and 53.07% (Q4 2025).
Peer Comparison
Historic Data
| Date | Value |
|---|---|
| May 31, 2026 | 25.71% |
| Feb 28, 2026 | 5.09% |
| Nov 30, 2025 | 47.98% |
| Aug 31, 2025 | 53.07% |
| May 31, 2025 | 25.95% |
| Feb 28, 2025 | -33.22% |
| Nov 30, 2024 | 29.90% |
| Aug 31, 2024 | 61.99% |
| May 31, 2024 | 40.35% |
| Feb 29, 2024 | -11.51% |
| Nov 30, 2023 | 32.60% |
| Aug 31, 2023 | 1.31% |
| May 31, 2023 | 54.62% |
| Feb 28, 2023 | -8.00% |
| Nov 30, 2022 | -111.12% |
| Aug 31, 2022 | 59.60% |
| May 31, 2022 | 19.58% |
| Feb 28, 2022 | 32.33% |
| Nov 30, 2021 | 34.64% |
| Aug 31, 2021 | 39.80% |
Pure Cycle Corp Operating 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=operating-margin&ticker=PCYO&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "operating-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=operating-margin&ticker=PCYO&period=max&api_key=YOUR_API_KEY");
const data = await res.json();