Pure Cycle (PCYO) Tax Rate (2018 - 2026)
Pure Cycle (PCYO) reported Tax Rate of 26.92% for Q1 2026, up 210.0% year-over-year from 8.68% in Q1 2025, and up 10.8% on a QoQ basis from 24.3% in Q4 2025.
Pure Cycle (PCYO) has 9 years of Tax Rate data on file, last reported at 26.92% in Q1 2026.
- Quarterly Tax Rate rose 210.0% year-over-year to 26.92% in Q1 2026, while the trailing twelve-month figure through Feb 2026 was 24.21% (down 90.0% YoY) and the FY2025 annual result came in at 24.04%, down 155.0% from the prior year.
- Tax Rate grew to 26.92% in Q1 2026 per PCYO's latest filing, from 24.3% in the prior quarter.
- Across five years, Tax Rate topped out at 44.98% in Q4 2022 and bottomed at 14.36% in Q3 2023.
- The 5-year median for Tax Rate is 24.89% (2024), against an average of 25.87%.
- The widest annual swing landed in 2022, when Tax Rate surged 7310 bps; it then sank 1868 bps in 2023.
- Tracing PCYO's Tax Rate over 5 years: stood at 44.98% in 2022, then slumped by 42 bps to 26.3% in 2023, then decreased by 7 bps to 24.4% in 2024, then slipped by 0 bps to 24.3% in 2025, then grew by 11 bps to 26.92% in 2026.
- Per Business Quant, the three latest PCYO Tax Rate figures stand at 26.92% (Q1 2026), 24.3% (Q4 2025), and 23.5% (Q3 2025).
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Tax Rate (Qtr) |
|---|---|---|---|---|---|
| 1 | American Water Works Company | 24.16 Bn | 24.02 Bn | 714.00 Mn | 24.32 |
| 2 | Aris Mining | 20.33 Bn | 19.86 Bn | 233.28 Mn | - |
| 3 | Essential Utilities | 10.48 Bn | 10.40 Bn | 685.96 Mn | 2.77 |
| 4 | American States Water | 2.94 Bn | 2.93 Bn | 104.19 Mn | 21.20 |
| 5 | California Water Service | 2.58 Bn | 2.48 Bn | 183.34 Mn | -95.60 |
| 6 | H2O America | 2.18 Bn | 2.03 Bn | 171.30 Mn | 15.17 |
| 7 | Middlesex Water | 959.61 Mn | 957.57 Mn | 25.70 Mn | 10.81 |
| 8 | Consolidated Water | 465.28 Mn | 344.14 Mn | 10.92 Mn | 4.85 |
| 9 | York Water | 430.12 Mn | 430.12 Mn | 13.98 Mn | -21.29 |
| 10 | Pure Cycle | 243.91 Mn | 239.09 Mn | 2.78 Mn | 26.92 |
Historic Data
Download Data| Date | Value |
|---|---|
| Feb 28, 2026 | 26.92 |
| Feb 28, 2026 | 26.92 |
| Nov 30, 2025 | 24.30 |
| Nov 30, 2025 | 24.30 |
| Aug 31, 2025 | 23.50 |
| Aug 31, 2025 | 23.50 |
| May 31, 2025 | 24.62 |
| May 31, 2025 | 24.62 |
| Feb 28, 2025 | 24.81 |
| Feb 28, 2025 | 24.81 |
| Nov 30, 2024 | 24.40 |
| Nov 30, 2024 | 24.40 |
| Aug 31, 2024 | 24.89 |
| Aug 31, 2024 | 24.89 |
| May 31, 2024 | 26.66 |
| May 31, 2024 | 26.66 |
| Feb 29, 2024 | 25.79 |
| Feb 29, 2024 | 25.79 |
| Nov 30, 2023 | 26.30 |
| Nov 30, 2023 | 26.30 |
| Aug 31, 2023 | 14.36 |
| Aug 31, 2023 | 14.36 |
| May 31, 2023 | 25.44 |
| May 31, 2023 | 25.44 |
| Feb 28, 2023 | 32.26 |
| Feb 28, 2023 | 32.26 |
| Nov 30, 2022 | 44.98 |
| Nov 30, 2022 | 44.98 |
| Aug 31, 2022 | 25.04 |
| Aug 31, 2022 | 25.04 |
| May 31, 2022 | 22.71 |
| May 31, 2022 | 22.71 |
| Feb 28, 2022 | 22.84 |
| Feb 28, 2022 | 22.84 |
| Nov 30, 2021 | 23.96 |
| Nov 30, 2021 | 23.96 |
| Aug 31, 2021 | 23.84 |
| Aug 31, 2021 | 23.84 |
| May 31, 2021 | -50.38 |
| May 31, 2021 | -50.38 |
| Feb 28, 2021 | 24.62 |
| Feb 28, 2021 | 24.62 |
| Nov 30, 2020 | 23.53 |
| Nov 30, 2020 | 23.53 |
| Aug 31, 2020 | 25.57 |
| Aug 31, 2020 | 25.57 |
| May 31, 2020 | 58.33 |
| May 31, 2020 | 58.33 |
| Feb 29, 2020 | 22.38 |
| Feb 29, 2020 | 22.38 |
| Nov 30, 2019 | 15.69 |
| Nov 30, 2019 | 15.69 |
| Aug 31, 2019 | -74.23 |
| Aug 31, 2019 | -74.23 |
| Aug 31, 2018 | -378.39 |
| Aug 31, 2018 | -378.39 |