Pure Cycle (PCYO) Tax Rate (2018 - 2026)
Pure Cycle (PCYO) posted quarterly Tax Rate of 24.47% for Q2 2026, down 16.0% year-over-year from 29.13% in Q2 2025, and down 9.1% quarter-over-quarter from 26.92% in Q1 2026.
Pure Cycle (PCYO) Tax Rate (2018 - 2026) Analysis & Trends
Pure Cycle (PCYO) has reported Tax Rate for 9 consecutive years, with 24.47% the latest figure, recorded in Q2 2026.
- In Q2 2026, Tax Rate fell 16.0% year-over-year to 24.47%; the TTM figure through May 2026 stood at 24.2% (up 346.0% YoY), while the FY2025 annual figure was 24.04%, up 304.0% from the prior year.
- Tax Rate declined to 24.47% in Q2 2026 per PCYO's latest filing, from 26.92% in the prior quarter.
- Across five years, Tax Rate topped out at 44.98% in Q4 2022 and bottomed at 12.84% in Q3 2022.
- Historically, Tax Rate has averaged 22.17% across 5 years, with a median of 24.55% in 2026.
- On a YoY basis, Tax Rate climbed as much as 7134 bps in 2022 and fell as far as 6255 bps in 2022.
- Pure Cycle's Tax Rate stood at 44.98% in 2022, then sank by 42 bps to 26.3% in 2023, then declined by 7 bps to 24.4% in 2024, then fell by 0 bps to 24.3% in 2025, then rose by 1 bps to 24.47% in 2026.
- Business Quant data shows PCYO's Tax Rate at 24.47% in Q2 2026, 26.92% in Q1 2026, and 24.3% in Q4 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Tax Rate (Qtr) |
|---|---|---|---|---|---|
| 1 | American Water Works Company | 26.46 Bn | 26.27 Bn | - | 22.22% |
| 2 | Essential Utilities | 11.29 Bn | 11.28 Bn | - | 3.11% |
| 3 | American States Water | 3.36 Bn | 3.34 Bn | 278.03 Mn | 21.20% |
| 4 | California Water Service | 3.01 Bn | 2.92 Bn | 263.45 Mn | 30.48% |
| 5 | H2O America | 2.59 Bn | 2.48 Bn | 197.11 Mn | 13.09% |
| 6 | Middlesex Water | 1.09 Bn | 1.09 Bn | - | 10.80% |
| 7 | Consolidated Water | 517.36 Mn | 391.03 Mn | 10.92 Mn | 4.85% |
| 8 | York Water | 514.70 Mn | 514.15 Mn | - | 2.13% |
| 9 | Artesian Resources | 360.98 Mn | 356.72 Mn | 26.56 Mn | 50.86% |
| 10 | Pure Cycle | 274.79 Mn | 266.35 Mn | 4.29 Mn | 24.47% |
Historic Data
Download Data| Date | Value |
|---|---|
| May 31, 2026 | 24.47% |
| May 31, 2026 | 24.47% |
| May 31, 2026 | 24.47% |
| Feb 28, 2026 | 26.92% |
| Feb 28, 2026 | 26.92% |
| Feb 28, 2026 | 26.92% |
| Nov 30, 2025 | 24.30% |
| Nov 30, 2025 | 24.30% |
| Nov 30, 2025 | 24.30% |
| Aug 31, 2025 | 23.50% |
| Aug 31, 2025 | 23.50% |
| Aug 31, 2025 | 23.50% |
| May 31, 2025 | 24.62% |
| May 31, 2025 | 24.62% |
| May 31, 2025 | 24.62% |
| Feb 28, 2025 | 24.81% |
| Feb 28, 2025 | 24.81% |
| Feb 28, 2025 | 24.81% |
| Nov 30, 2024 | 24.40% |
| Nov 30, 2024 | 24.40% |