Growth Metrics

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 🔒
DateValue
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