Pure Cycle (PCYO) Tax Rate (2019 - 2026)
Pure Cycle (PCYO) reported Tax Rate of 24.47% for fiscal Q3 2026 (quarter ended May 31, 2026), down 0.16 percentage points from 24.62% a year earlier and down 2.45 percentage points from the prior quarter.
Pure Cycle (PCYO) Tax Rate (2019 - 2026) Analysis & Trends
Over the twelve months ended May 31, 2026, Pure Cycle's Tax Rate came in at 25.22%, up 0.41 percentage points year-over-year; for FY2025 (ended Aug 31, 2025), it was 25.19%, down 0.52 percentage points from FY2024.
- Tax Rate has a five-year change of +0.52 percentage points (FY2020 to FY2025).
- By fiscal year, Tax Rate came in at 25.71% in FY2024 (+1.26 pp), 24.45% in FY2023 (+0.05 pp), 24.40% in FY2022 (-0.05 pp) and 24.45% in FY2021 (-0.22 pp).
- Five-year quarterly Tax Rate spans a low of 14.36% in fiscal Q4 2023 and a high of 44.98% in fiscal Q1 2023.
- Year over year, Tax Rate gained in three of the last eight quarters, with an average year-over-year change of +1.06 percentage points.
- The high point for year-over-year Tax Rate in five years was fiscal Q1 2023 (a gain of 21.02 percentage points); the low point was fiscal Q1 2024 (a drop of 18.68 percentage points).
- Per Business Quant data, the three fiscal quarters before Q3 2026 came in at 26.92% (Q2 2026), 24.30% (Q1 2026) and 25.94% (Q4 2025).
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Tax Rate (Qtr) |
|---|---|---|---|---|---|
| 1 | Enel Chile | 292.57 Bn | 292.57 Bn | 890.00 Mn | - |
| 2 | National Grid | 78.85 Bn | 60.37 Bn | - | - |
| 3 | Dominion Energy | 53.27 Bn | 55.95 Bn | - | 16.49% |
| 4 | Xcel Energy | 44.01 Bn | 38.91 Bn | - | - |
| 5 | Wec Energy | 32.84 Bn | 33.08 Bn | 1.51 Bn | 8.23% |
| 6 | Ameren | 27.51 Bn | 27.59 Bn | - | 14.13% |
| 7 | Fortis | 26.81 Bn | 27.29 Bn | 1.60 Bn | 14.18% |
| 8 | Atmos Energy | 26.44 Bn | 25.21 Bn | 870.85 Mn | 19.98% |
| 9 | American Water Works Company | 25.73 Bn | 25.14 Bn | - | 22.22% |
| 10 | Pure Cycle | 266.03 Mn | 213.71 Mn | 4.29 Mn | 24.47% |
Historic Data
| Date | Value |
|---|---|
| May 31, 2026 | 24.47% |
| Feb 28, 2026 | 26.92% |
| Nov 30, 2025 | 24.30% |
| Aug 31, 2025 | 25.94% |
| May 31, 2025 | 24.62% |
| Feb 28, 2025 | 24.81% |
| Nov 30, 2024 | 24.40% |
| Aug 31, 2024 | 25.10% |
| May 31, 2024 | 26.66% |
| Feb 29, 2024 | 25.79% |
| Nov 30, 2023 | 26.30% |
| Aug 31, 2023 | 14.36% |
| May 31, 2023 | 25.44% |
| Feb 28, 2023 | 32.26% |
| Nov 30, 2022 | 44.98% |
| Aug 31, 2022 | 25.23% |
| May 31, 2022 | 22.71% |
| Feb 28, 2022 | 22.84% |
| Nov 30, 2021 | 23.96% |
| Aug 31, 2021 | 24.67% |
Pure Cycle Tax Rate 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=tax-rate&ticker=PCYO&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "tax-rate", "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=tax-rate&ticker=PCYO&period=max&api_key=YOUR_API_KEY");
const data = await res.json();