# Pure Cycle share price today (Pure Cycle Corporation, PCYO)

> Pure Cycle Corporation's earnings have grown faster than its share price. Earnings per share grew +12.5% in a year while the price moved −4.3%. PCYO · Utilities · Utilities - Regulated Water · data as of 3 November 2026. Page: https://www.sectoralpha.in/us/stocks/pcyo

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## Key numbers

- Business trend: Mixed, from the last 12 quarters
- Price: $10.54 (−4.3% in a year)
- P/E: 17.3× (lower than 99% of the last 1 year)
- Revenue (May 2026): $8.2 M (+60.0% on a year ago)
- Profit (May 2026): $2.9 M (+30.7% on a year ago)
- Operating margin: 25.7% (−0.3 points on a year ago)
- ROE: 9%, FY25
- ROIC: 5.1%, against a 10.5% cost of capital: −5.4 points

The main question: profits are rising, but only 45% of the last 3 years' profit came in as cash from operations. The gap between reported profit and actual cash is the thing to watch. ## What is the Pure Cycle share price today? Pure Cycle Corporation's share price was $10.54 at the close on 3 November 2026. That is 3.3% below its average price over the last 200 trading days. In the last 52 weeks it traded between $10 and $12, and at that close it sat 32% of the way up from that low. Over the past 13 weeks it has done worse than the S&P 500, and it has been behind for 1 week running. Over the last 1 year the share price moved +5% while the S&P 500 moved +21%, so it is behind the index over that whole period. It was last ahead over 13 weeks in the week of 30 October 2026. The chart above shows the 13-week comparison for every week. This page treats a rise as over when the price closes below its 200-day average on two Fridays in a row. ## What dividend does Pure Cycle pay? Pure Cycle Corporation pays no dividend. In the last 12 reported quarters it declared no dividend per share, so there is no payout history to chart and no yield to show. Companies like this usually keep their earnings in the business, so the cash-flow sections show where that cash goes. ## Which stock lists is Pure Cycle on? Pure Cycle is not in the Nasdaq 100, the S&P 500 or the Dow Jones 30, and is not on the US tech stocks list. ## Is Pure Cycle profitable? Pure Cycle Corporation earned $2.9 M of net profit in the May 2026 quarter, +30.7% on the same quarter a year earlier. That is the 3rd quarter in a row of profit growth. Full-year FY25 profit was $13.1 M. Over 4 years profit has grown −10.1% a year on average. That is 35.9% of the quarter's revenue. The same quarter a year earlier earned $2.3 M. For the full year, FY25 profit was $13.1 M (+12.9% on the year before). Why profit moved: revenue changed +60.0% on a year earlier and the margin moved −0.3 percentage points. Sales did the work, and the margin was about flat. On average over the last four quarters, profit changed +18.9% and revenue +34.4%. Profit is growing slower than sales: rising costs are taking part of the growth. ## How much revenue does Pure Cycle make, and is it growing? Pure Cycle Corporation reported $8.2 M of revenue in the May 2026 quarter, +60.0% on the same quarter a year earlier. That is the 3rd quarter in a row with growth on the year before. Over 4 years it has grown 11.1% a year on average. The last full year, FY25, came in at $26.1 M. The last four reported quarters add to $33.7 M. FY25 revenue was $26.1 M, −9.3% on the year before. Recent pace: the last four quarters grew +34.4% on average, against 11.1% a year over the longer run, so this year is growing faster than its own long-run rate. Is growth speeding up? Revenue over the last 12 months grew +22.9%, against +31.3% a year over the last 8 quarters (rolling over); profit over the last 12 months grew +8.2%, against +55.8% a year (rolling over). ## How much of every $100 of sales does Pure Cycle keep? Pure Cycle Corporation's operating margin was 25.7% in the May 2026 quarter, 0.3 percentage points lower than the same quarter a year ago. Across 5 years it has been between 14.2% and 43.9%. The latest quarter is within that range. Why: the operating margin move is clear, but the cost details behind it are not in our data, so we show the move without guessing the reason. ## Is Pure Cycle's profit turning into cash? Over the last 3 years, 45% of Pure Cycle Corporation's reported profit came in as cash from its operations, a gap worth watching. In FY25 it brought in $13.2 M of operating cash against $13.1 M of profit. After $9.5 M of spending on assets, $3.7 M was left over as free cash. Cash-flow figures here are yearly, because quarterly cash statements are not published, so this section changes once a year. Why: the cash figure is clear, but the day counts behind it are not in our data, so we show it without guessing the reason. What to look at next: the main use of cash is spending on assets. The next section checks what that spending is building. ## Where does Pure Cycle's cash go? Pure Cycle Corporation does not report the customer, stock and supplier day counts a cash cycle needs, so this section looks at its spending on assets instead. It spent $20.0 M on assets over the last 3 years. Averaged over those years that is 25.5% of FY25 revenue a year. Nothing is estimated in place of the missing day counts, so no cash-cycle chart is drawn. Spending on assets: $20.0 M over the last 3 years. In short: the cash is going into new capacity, not getting stuck in the daily cycle. The question is whether the new capacity earns. ## What is Pure Cycle's P/E ratio, and how does it compare with its own history? Pure Cycle Corporation's P/E is 17.3×, about the lowest it has ever been. Its usual P/E (the middle reading) is 18.6×, over 1 year of weekly prices. This compares the share price with the company’s own past. It does not say what the business is worth. Why the multiple is where it is: over the past year earnings per share moved +12.5% while the price moved −4.3%. Earnings did better than the price, which pulled the multiple down within its own range. In short: the multiple is low against its own past, so the earnings trend underneath matters more than the multiple. ## Is the Pure Cycle business getting better or worse? Pure Cycle Corporation's business is giving mixed signals. There is no clear direction across the growth lines, with ROCE steady at 8.2%; each line tells part of the story. This is based on 12 quarters of 4 measures. Why it matters: when the lines disagree, each line above matters more than any single label. ## How much does Pure Cycle earn on its capital? Pure Cycle Corporation earned a ROE of 9% in FY25. That is up from a low of 4% in FY23. Its return on capital used (ROIC) is 5.4 percentage points below its cost of capital, so growth here does not yet pay for the capital it uses. It comes from a 50.3% net margin and 0.16× asset turnover (sales divided by assets). Why the return is what it is (FY25): a 50.3% net margin × 0.16× asset turnover × 1.14× leverage (assets divided by equity) ≈ 9.2% on equity. The margin does most of the work; borrowing plays a small part, so this return is earned, not borrowed. The key test, return on capital used minus the cost of capital: 5.1% − 10.5% = −5.4 percentage points. The 10.5% is an estimate of this company's own cost of capital. Read the sign and size of the gap, not the decimals. Negative: growth at these returns loses value until returns improve. ## Does Pure Cycle have too much debt? Pure Cycle Corporation has total debt of $14.1 M against shareholder equity of $152 M as of May 2026, so its debt is 0.09× its equity, which is very little. Year by year, that ratio went from 0.00 in FY21 to 0.05 in FY25. So the returns on this page come from the business, not from borrowed money. ## What is the Pure Cycle shareholding pattern? 2.4% of Pure Cycle Corporation's tradable shares are in short positions, which are bets that the price will fall, so some traders are betting against it. At normal trading volumes, closing those positions would take about 5.2 days. US companies do not publish a quarter-by-quarter list of owners, so this page uses short interest instead. It is a single reading at one point in time; we do not have its history. Why it is at this level: the figure does not say who holds the short positions or why, so we show the level without guessing the story. ## How far is Pure Cycle from balance-sheet trouble? For Pure Cycle Corporation, the Z-score is not available, so we say so rather than guess one. It estimates how far the balance sheet is from trouble; it is not a forecast of failure. The debt, cash-flow and return sections show the balance-sheet figures we do have, each with its own date. ## How does Pure Cycle rank in its industry? 51.6 out of 100, rank 6 of 13 in Utilities - Regulated Water, with 75% of the evidence available. Pure Cycle Corporation scores 51.6 out of 100 against the 13 companies it is compared with in Utilities - Regulated Water, ranking 6. Earnings are strong; relative strength in its sector is -5.5% and the one-year return is -3.6%. The four parts add up to the total exactly: 23.2 + 12.4 + 11.2 + 4.8 = 51.6. This is the same number shown on the industry page; it is worked out once for the whole group and read here. What would change it: The score would fall if profit growth turns negative or margins stop improving while the share price lags its sector. ## Which companies is Pure Cycle compared with? Pure Cycle ranks 6 of 13 Utilities - Regulated Water companies on the 4-Factor Sector Score, with 51.6 out of 100. 1. [American States Water Company](https://www.sectoralpha.in/us/stocks/awr) AWR · turning · Evidence leans up · 79% evidence 63.2 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 25.0/35 · Revenue 13.2% · Profit 14.4% · Operating margin change n/a · 76% evidence Capital efficiency 16.2/25 · ROCE 8.9% · Operating margin 29.5% · 76% evidence Valuation 8.4/20 · P/E 22.7× · PEG 1.9 · 65% evidence Relative strength 13.6/20 · Lead over its industry 7.8% · Lead over S&P 500 4.7% · 1 year 16.1% · 100% evidence · 5 of 12 weeks ahead Exact sum: 25 + 16.2 + 8.4 + 13.6 = 63.2 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 2. [Essential Utilities, Inc.](https://www.sectoralpha.in/us/stocks/wtrg) WTRG · turning · Evidence leans up · 79% evidence 62.7 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 14.9/35 · Revenue 9.9% · Profit -14.1% · Operating margin change n/a · 76% evidence Capital efficiency 13.1/25 · ROCE 4.6% · Operating margin 32.6% · 76% evidence Valuation 15.3/20 · P/E 19.6× · PEG 0.77 · 65% evidence Relative strength 19.4/20 · Lead over its industry 9.6% · Lead over S&P 500 6.1% · 1 year 11.1% · 100% evidence · 7 of 12 weeks ahead Exact sum: 14.9 + 13.1 + 15.3 + 19.4 = 62.7 · What this means: Relative strength against the index is 6.1%, and revenue and profit growth are weak. 3. [The York Water Company](https://www.sectoralpha.in/us/stocks/yorw) YORW · turning · Evidence leans up · 79% evidence 56.4 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 23.7/35 · Revenue 9.2% · Profit 20% · Operating margin change n/a · 76% evidence Capital efficiency 13.0/25 · ROCE 4.5% · Operating margin 42.8% · 76% evidence Valuation 12.0/20 · P/E 20.9× · PEG 1.24 · 65% evidence Relative strength 7.7/20 · Lead over its industry -1.6% · Lead over S&P 500 -4.8% · 1 year -1.2% · 100% evidence · 5 of 12 weeks ahead Exact sum: 23.7 + 13 + 12 + 7.7 = 56.4 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 4. [American Water Works Company, Inc.](https://www.sectoralpha.in/us/stocks/awk) AWK · turning · Evidence leans up · 79% evidence 55.6 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 18.0/35 · Revenue 6.9% · Profit 4.2% · Operating margin change n/a · 76% evidence Capital efficiency 14.6/25 · ROCE 6% · Operating margin 33% · 76% evidence Valuation 4.7/20 · P/E 22.8× · PEG 3.98 · 65% evidence Relative strength 18.3/20 · Lead over its industry 8.5% · Lead over S&P 500 5% · 1 year 11.9% · 100% evidence · 7 of 12 weeks ahead Exact sum: 18 + 14.6 + 4.7 + 18.3 = 55.6 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 5. [Middlesex Water Company](https://www.sectoralpha.in/us/stocks/msex) MSEX · turning · Evidence leans up · 79% evidence 54.3 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 20.6/35 · Revenue 5.6% · Profit 13.9% · Operating margin change n/a · 76% evidence Capital efficiency 13.0/25 · ROCE 4.9% · Operating margin 26.7% · 76% evidence Valuation 6.4/20 · P/E 21.9× · PEG 2.92 · 65% evidence Relative strength 14.3/20 · Lead over its industry 5.1% · Lead over S&P 500 1.8% · 1 year 7.6% · 100% evidence · 2 of 12 weeks ahead Exact sum: 20.6 + 13 + 6.4 + 14.3 = 54.3 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 6. Pure Cycle Corporation this page PCYO · quiet · Evidence leans up · 75% evidence 51.6 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 23.2/35 · Revenue 17.9% · Profit 7.1% · Operating margin change n/a · 76% evidence Capital efficiency 12.4/25 · ROCE 7.7% · Operating margin n/a · 61% evidence Valuation 11.2/20 · P/E 16.9× · PEG 1.55 · 65% evidence Relative strength 4.8/20 · Lead over its industry -5.5% · Lead over S&P 500 -8.5% · 1 year -3.6% · 100% evidence · 2 of 12 weeks ahead Exact sum: 23.2 + 12.4 + 11.2 + 4.8 = 51.6 · What this means: Earnings are strong; relative strength in its sector is -5.5% and the one-year return is -3.6%. 7. [California Water Service Group](https://www.sectoralpha.in/us/stocks/cwt) CWT · basing · Evidence leans down · 79% evidence 45.9 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 12.5/35 · Revenue 6.5% · Profit -2.9% · Operating margin change n/a · 76% evidence Capital efficiency 8.6/25 · ROCE 4% · Operating margin 19.8% · 76% evidence Valuation 13.6/20 · P/E 21.9× · PEG 0.89 · 65% evidence Relative strength 11.2/20 · Lead over its industry 4.1% · Lead over S&P 500 0.9% · 1 year 5.4% · 100% evidence · 2 of 12 weeks ahead Exact sum: 12.5 + 8.6 + 13.6 + 11.2 = 45.9 · What this means: The valuation scores well, but earnings are not improving yet, so the business does not back up the low multiple so far. 8. [Artesian Resources Corporation](https://www.sectoralpha.in/us/stocks/artna) ARTNA · basing · Evidence leans down · 79% evidence 44.8 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 18.2/35 · Revenue 5.4% · Profit 9.1% · Operating margin change n/a · 76% evidence Capital efficiency 11.3/25 · ROCE 4.4% · Operating margin 27.1% · 76% evidence Valuation 7.1/20 · P/E 14.8× · PEG 2.93 · 65% evidence Relative strength 8.2/20 · Lead over its industry 0.2% · Lead over S&P 500 -2.9% · 1 year 1.8% · 100% evidence · 4 of 12 weeks ahead Exact sum: 18.2 + 11.3 + 7.1 + 8.2 = 44.8 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 9. [H2O America](https://www.sectoralpha.in/us/stocks/hto) HTO · quiet · Evidence leans down · 79% evidence 44.4 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 12.9/35 · Revenue 4.9% · Profit 2.9% · Operating margin change n/a · 76% evidence Capital efficiency 9.5/25 · ROCE 3.6% · Operating margin 21.4% · 76% evidence Valuation 11.5/20 · P/E 23.8× · PEG 1.08 · 65% evidence Relative strength 10.5/20 · Lead over its industry 4.4% · Lead over S&P 500 1.4% · 1 year 27.2% · 100% evidence · 5 of 12 weeks ahead Exact sum: 12.9 + 9.5 + 11.5 + 10.5 = 44.4 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 10. [Global Water Resources, Inc.](https://www.sectoralpha.in/us/stocks/gwrs) GWRS · breaking out · Evidence leans down · 79% evidence 43.2 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 14.1/35 · Revenue 15.1% · Profit -33.3% · Operating margin change n/a · 76% evidence Capital efficiency 6.8/25 · ROCE 1.8% · Operating margin 21.4% · 76% evidence Valuation 11.3/20 · P/E 66.4× · PEG 1.06 · 65% evidence Relative strength 11.0/20 · Lead over its industry -1.3% · Lead over S&P 500 -4.6% · 1 year -19.6% · 100% evidence · 11 of 12 weeks ahead Exact sum: 14.1 + 6.8 + 11.3 + 11 = 43.2 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 11. [Companhia de Saneamento Básico do Estado de São Paulo - SABESP](https://www.sectoralpha.in/us/stocks/sbs) SBS · quiet · Evidence leans down · 79% evidence 39.7 out of 100 Growth Capital Valuation Relative
12. [Cadiz Inc.](https://www.sectoralpha.in/us/stocks/cdzi) CDZI · turning · Too little evidence to rank firmly · 53% evidence 30.4 out of 100 Growth Capital Valuation Relative
13. [Consolidated Water Co. Ltd.](https://www.sectoralpha.in/us/stocks/cwco) CWCO · quiet · Most evidence points down · 79% evidence 28.5 out of 100 Growth Capital Valuation Relative

Missing figures are not scored as bad. They lower the confidence and pull the final score toward the middle. Relative strength counts only when the company has a reading for this week; with no reading, that factor is left out and its 20 points are shared across the other three in proportion. PEG is not shown when the ratio cannot mean anything: the company must be making a profit, its price-to-earnings must be positive, and its three-year earnings growth must fall between 5% and 60%. Dividing a price multiple by a loss, or by growth measured off a tiny base, produces a number that looks precise and tells you nothing. Under relative strength, one mark per week shows the last 12 weeks: a mark is filled where the company led S&P 500 by 5% or more over the 13 weeks ending that week, which is the same test used everywhere on this site. Price stage places the company on the same six-step path the industry is placed on (basing, turning, breaking out, leader, fading, asleep), read from how many weeks running it has led S&P 500 and whether that lead is growing or shrinking. It describes where the share price stands, not the direction of earnings, and it is not a recommendation; it is left blank for a company whose weekly history is too short or too stale to read. The figures in this ranking come from the industry comparison: results through the Jun 2026 quarter, and the P/E at that quarter's end. The sections above use the latest weekly price, so a P/E or return there can differ a little from the one here. The stage words in this ranking (such as losing its lead or breaking out) describe the lead over the index, not the price phase in the price section. Related companies: [Utilities - Regulated Water](https://www.sectoralpha.in/us/sectors/utilities-regulated-water), all 13 compared on one page. ## Which companies are close to Pure Cycle in size? Pure Cycle is the 12th largest of 13 Utilities - Regulated Water companies on Sector Alpha by market value (scores of 3 November 2026). Just above it: Middlesex Water Company, The York Water Company, Consolidated Water Co., Artesian Resources Corporation and Cadiz Inc. Just below it: Global Water Resources, Inc. ### Utilities - Regulated Water companies close in size

1. [Middlesex Water Company](https://www.sectoralpha.in/us/stocks/msex) $1.1 billion
2. [The York Water Company](https://www.sectoralpha.in/us/stocks/yorw) $514 million
3. [Consolidated Water Co. Ltd.](https://www.sectoralpha.in/us/stocks/cwco) $439 million
4. [Artesian Resources Corporation](https://www.sectoralpha.in/us/stocks/artna) $349 million
5. [Cadiz Inc.](https://www.sectoralpha.in/us/stocks/cdzi) $321 million
6. Pure Cycle Corporation $254 million
7. [Global Water Resources, Inc.](https://www.sectoralpha.in/us/stocks/gwrs) $232 million

[All 13 Utilities - Regulated Water companies, largest first](https://www.sectoralpha.in/us/sectors/utilities-regulated-water#all-companies)

### Companies close in size in other industries

1. [Aviat Networks, Inc.](https://www.sectoralpha.in/us/stocks/avnw) $258 million · Communication Equipment
2. [Acme United Corporation](https://www.sectoralpha.in/us/stocks/acu) $258 million · Household & Personal Products
3. Pure Cycle Corporation $258 million
4. [BK Technologies Corporation](https://www.sectoralpha.in/us/stocks/bkti) $257 million · Communication Equipment
5. [Tredegar Corporation](https://www.sectoralpha.in/us/stocks/tg) $257 million · Metal Fabrication

## What else do people ask about Pure Cycle? ### What were Pure Cycle's latest quarterly results? Pure Cycle Corporation reported revenue of $8.2 M and net profit of $2.9 M for the May 2026 quarter. Revenue rose 60.0% and profit rose 30.7% compared with a year earlier. Earnings per share were $0.12. The operating margin was 25.7%, 0.3 percentage points lower than a year earlier (as of 3 November 2026). ### What is Pure Cycle's market cap? Pure Cycle Corporation's market capitalisation is $254 M at a stock price of $10.54. Market cap is the share price times the number of shares, so it changes whenever the price moves (as of 3 November 2026). ### What is Pure Cycle's P/E ratio? Pure Cycle Corporation's P/E is 17.3×, higher than 1% of its own last 1 years. Its usual level (the middle reading) is 18.6×. This compares the price with the company's own past; it is not a view on what the shares are worth (as of 3 November 2026). ### How is Pure Cycle valued against its own history? Against its own history, Pure Cycle Corporation's valuation is low: its P/E of 17.3× has been lower only 1% of the time in 1 years (usual level 18.6×). This compares the price with the company's own past; it is not a view on what the shares are worth or where the price goes next (as of 3 November 2026). ### How is Pure Cycle performing? Pure Cycle Corporation's latest readings are below. In its latest quarter, revenue rose 60.0% and profit rose 30.7% compared with a year earlier. Over the past 13 weeks it has done worse than the S&P 500, for 1 week running. This describes what the data did, not a rating (as of 3 November 2026). ### Will Pure Cycle's stock price go up? This page does not forecast Pure Cycle Corporation's stock price. What it shows instead: the stock price is $10.54. Its P/E of 17.3× is higher than 1% of its own last 1 years. Nobody can reliably say which way a price will move, and this site does not try (as of 3 November 2026). ### Where is Pure Cycle in its business cycle? Pure Cycle Corporation's FY25 operating margin was 29.4%, against a 5-year range of 14.2% to 43.9%: the middle of its own range, neither a peak nor a low. The latest quarter was 25.7%. Comparing margins with a company's own long history is a good way to see where it is in its cycle (as of 3 November 2026). ### What could break the Pure Cycle story? The main question: profits are rising, but only 45% of the last 3 years' profit came in as cash from operations. The gap between reported profit and actual cash is the thing to watch. On price, this page treats a rise as over when the share price closes below its 200-day average on two Fridays in a row (as of 3 November 2026). ### Is Pure Cycle a stock worth studying right now? What the numbers show: Pure Cycle Corporation's earnings have grown faster than its share price. Earnings per share grew +12.5% in a year while the price moved −4.3%. The main open question: whether the cash starts to follow the profit. Every number on this page is worked out by code from the published figures, with no forecasts and no price opinions (as of 3 November 2026). This is research, not advice. We’re not SEBI-registered.