Last 47 quarters of trend data · Utilities · Regulated Water
Quarterly valuation ratios — annualised for comparability. YoY Δ shows same-quarter-prior-year change.
Pure Cycle Corporation's quarterly P/E stands at 52.9x, down 39.3% year-over-year — suggesting improving earnings relative to price.
| Metric | TTM | Q2 '26 | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| P/E Ratio → | 20.69 | 52.85 | 14.97 | 10.10 | 28.43 | 87.05 | 22.72 | 9.86 | 19.38 | 508.67 | 29.24 | 62.59 | 17.36 |
| — | -39.3% | -34.1% | +2.4% | +46.7% | -82.9% | -22.3% | -84.2% | +11.6% | +79.7% | -92.7% | +457.9% | -78.7% | |
| P/S Ratio | 10.35 | 12.36 | 7.52 | 5.45 | 12.47 | 17.61 | 15.27 | 5.12 | 7.38 | 18.83 | 11.21 | 19.58 | 8.54 |
| — | -29.8% | -50.7% | +6.4% | +68.9% | -6.5% | +36.2% | -73.9% | -13.5% | +5.9% | -76.5% | +243.0% | -60.1% | |
| P/B Ratio | 1.89 | 1.72 | 1.86 | 1.71 | 1.88 | 2.09 | 2.63 | 1.98 | 1.82 | 2.00 | 2.01 | 2.24 | 2.00 |
| — | -17.9% | -29.1% | -13.8% | +2.9% | +4.7% | +30.8% | -11.3% | -9.1% | +6.7% | -10.9% | +1.7% | -21.1% | |
| P/FCF | 73.15 | — | — | 8.65 | — | — | — | 32.69 | 603.58 | — | — | — | 3.13 |
| — | — | — | -73.5% | — | — | — | — | +19213.7% | — | — | — | -97.7% | |
| EV / EBITDA | 25.57 | 78.95 | 13.43 | 8.72 | 33.31 | — | 37.78 | 7.29 | 14.55 | 406.15 | 25.30 | 101.37 | 12.45 |
| — | — | -64.5% | +19.7% | +128.9% | — | +49.3% | -92.8% | +16.9% | +165.3% | — | +1256.0% | -80.2% | |
| EV / EBIT | 33.23 | 245.87 | 10.85 | 6.90 | 20.11 | 57.30 | 15.95 | 6.78 | 13.33 | 210.60 | 19.49 | 47.62 | 11.91 |
| — | +329.1% | -32.0% | +1.7% | +50.8% | -72.8% | -18.2% | -85.8% | +12.0% | +30.8% | -89.1% | +554.2% | -80.2% |
Quarterly margins and returns. Watch for margin compression across consecutive quarters.
Pure Cycle Corporation's operating margin was 5.1% in Q2 2026, down 42.9 pp QoQ and up 38.3 pp YoY. This marks the 3rd consecutive quarter of margin compression, signaling a persistent pressure on profitability that investors should monitor. The trailing four-quarter average of 33.0% exceeds the current quarter, suggesting the latest result may reflect seasonal weakness or a one-off headwind. Gross margin expanded 32.2% YoY, indicating pricing power or improving input costs.
| Metric | TTM | Q2 '26 | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 61.4% | 50.5% | 68.4% | 56.5% | 63.4% | 38.2% | 63.7% | 77.8% | 62.0% | 51.0% | 62.0% | 47.8% | 67.9% |
| — | +32.2% | +7.4% | -27.3% | +2.2% | -25.0% | +2.7% | +62.8% | -8.7% | -3.8% | +5838.9% | -38.3% | +20.7% | |
| Operating Margin | 29.4% | 5.1% | 48.0% | 53.1% | 26.0% | -33.2% | 29.9% | 62.0% | 40.3% | -11.5% | 32.6% | 1.3% | 54.6% |
| — | +115.3% | +60.5% | -14.4% | -35.7% | -188.6% | -8.3% | +4657.9% | -26.1% | -43.8% | +129.3% | -97.8% | +178.9% | |
| Net Margin | 50.3% | 21.4% | 50.0% | 54.5% | 43.9% | 20.3% | 68.4% | 52.6% | 37.2% | 3.7% | 38.3% | 31.3% | 47.9% |
| — | +5.6% | -27.0% | +3.7% | +18.1% | +448.6% | +78.5% | +68.2% | -22.4% | -41.4% | +223.1% | -39.0% | +82.4% |
| Metric | TTM | Q2 '26 | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 9.6% | 0.7% | 3.1% | 4.4% | 1.7% | 0.6% | 3.0% | 5.2% | 2.3% | 0.1% | 1.7% | 0.9% | 2.9% |
| — | +23.6% | +5.2% | -16.3% | -28.2% | +515.4% | +72.6% | +482.3% | -18.7% | -41.1% | +1132.1% | -82.3% | +264.1% | |
| ROA | 8.5% | 0.7% | 2.8% | 3.9% | 1.5% | 0.5% | 2.7% | 4.6% | 2.0% | 0.1% | 1.5% | 0.8% | 2.6% |
| — | +22.2% | +4.3% | -15.3% | -27.0% | +524.1% | +73.7% | +468.2% | -21.1% | -41.9% | +1135.0% | -82.3% | +255.1% | |
| ROIC | 4.7% | 0.1% | 2.5% | 3.5% | 0.8% | -0.8% | 1.1% | 5.2% | 2.1% | -0.3% | 1.3% | 0.0% | 2.7% |
| — | +116.8% | +126.5% | -33.2% | -62.8% | -211.4% | -15.0% | +15244.0% | -22.5% | -52.3% | +205.1% | -99.4% | +500.0% |
Quarterly solvency trend — watch for debt spikes or covenant pressure.
Pure Cycle Corporation's Debt/EBITDA ratio is 9.7x, up from 1.6x last quarter — elevated, raising questions about debt serviceability. The current ratio has weakened 63.1% YoY to 1.39x, tightening the short-term liquidity position.
| Metric | TTM | Q2 '26 | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 0.05 | 0.05 | 0.05 | 0.05 | 0.05 | 0.05 | 0.05 | 0.05 | 0.06 | 0.06 | 0.06 | 0.06 | 0.03 |
| — | +2.9% | +3.0% | -12.4% | -12.4% | -11.5% | -11.1% | -11.7% | +66.7% | +65.2% | +64.5% | +69.7% | +249.3% | |
| Debt / EBITDA | 0.68 | 9.74 | 1.62 | 1.03 | 3.68 | — | 3.13 | 0.85 | 1.95 | 50.67 | 3.17 | 12.01 | 0.94 |
| — | — | -48.4% | +22.0% | +88.9% | — | -1.3% | -92.9% | +106.4% | +328.4% | — | +2032.4% | -4.7% | |
| Current Ratio | 2.72 | 1.39 | 2.29 | 2.72 | 3.52 | 3.76 | 3.56 | 4.05 | 3.17 | 4.10 | 3.32 | 4.57 | 4.88 |
| — | -63.1% | -35.9% | -32.7% | +11.2% | -8.2% | +7.4% | -11.4% | -35.0% | -1.1% | -5.3% | +30.9% | +8.6% | |
| Quick Ratio | 2.09 | 0.83 | 2.29 | 2.09 | 2.40 | 3.76 | 3.09 | 3.66 | 2.59 | 3.56 | 3.07 | 4.31 | 4.76 |
| — | -78.0% | -26.1% | -42.9% | -7.6% | +5.5% | +0.7% | -15.0% | -45.5% | -14.0% | -12.4% | +23.3% | +9.0% | |
| Interest Coverage | 42.01 | 1.85 | 65.15 | 77.57 | 30.63 | 10.87 | 48.78 | 80.45 | 36.34 | 2.43 | 26.94 | 22.63 | 85.98 |
| — | — | — | — | — | — | — | — | — | — | — | — | — |
Includes 30+ ratios · 47 years · Updated daily
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Quick answers to the most common questions about buying PCYO stock.
Pure Cycle Corporation's current P/E is 20.7x. The average P/E over the last 4 quarters is 26.6x. Quarterly P/E ratios can vary due to seasonal revenue patterns and one-time charges.
Pure Cycle Corporation's current operating margin is 29.4%. Margins have been compressing over recent quarters. Quarterly margins are particularly useful for identifying trend inflections that annual data smooths over.
Quarterly financial ratios reveal short-term trend shifts — margin compression, debt spikes, or valuation re-ratings — that annual figures smooth over. They're essential for active investors tracking Pure Cycle Corporation's business trajectory between earnings reports.