Last 47 quarters of trend data · Utilities · Regulated Water
Quarterly valuation ratios — annualised for comparability. YoY Δ shows same-quarter-prior-year change.
| Metric | TTM | Q3 '26 | Q2 '26 | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 | Q4 '22 | Q3 '22 | Q2 '22 | Q1 '22 | Q4 '21 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| P/E Ratio → | 20.19 | 21.56 | 52.85 | 14.97 | 10.10 | 28.43 | 87.05 | 22.72 | 9.86 | 19.38 | 508.67 | 29.24 | 62.59 | 17.36 | 283.01 | 401.89 | 11.22 | 81.41 | 42.32 | 60.67 | 49.18 |
| — | -24.1% | -39.3% | -34.1% | +2.4% | +46.7% | -82.9% | -22.3% | -84.2% | +11.6% | +79.7% | -92.7% | +457.9% | -78.7% | +568.7% | +562.5% | -77.2% | -30.9% | +936.4% | +1.7% | -42.0% | |
| P/S Ratio | 10.07 | 7.60 | 12.36 | 7.52 | 5.45 | 12.47 | 17.61 | 15.27 | 5.12 | 7.38 | 18.83 | 11.21 | 19.58 | 8.54 | 17.77 | 47.68 | 5.71 | 21.38 | 15.36 | 20.63 | 18.63 |
| — | -39.0% | -29.8% | -50.7% | +6.4% | +68.9% | -6.5% | +36.2% | -73.9% | -13.5% | +5.9% | -76.5% | +243.0% | -60.1% | +15.7% | +131.1% | -69.4% | -33.3% | +2.8% | +75.2% | +220.9% | |
| P/B Ratio | 1.85 | 1.65 | 1.72 | 1.86 | 1.71 | 1.88 | 2.09 | 2.63 | 1.98 | 1.82 | 2.00 | 2.01 | 2.24 | 2.00 | 1.87 | 2.26 | 2.20 | 2.54 | 2.69 | 3.38 | 3.52 |
| — | -12.1% | -17.9% | -29.1% | -13.8% | +2.9% | +4.7% | +30.8% | -11.3% | -9.1% | +6.7% | -10.9% | +1.7% | -21.1% | -30.5% | -33.2% | -37.5% | -25.1% | -4.4% | +22.3% | +24.0% | |
| P/FCF | 71.16 | — | — | — | 8.65 | — | — | — | 32.69 | 603.58 | — | — | — | 3.13 | — | — | 2.27 | 133.37 | — | — | 34.50 |
| — | — | — | — | -73.5% | — | — | — | — | +19213.7% | — | — | — | -97.7% | — | — | -93.4% | — | — | — | +179.4% | |
| EV / EBITDA | 24.84 | 27.27 | 78.95 | 13.43 | 8.72 | 33.31 | — | 37.78 | 7.29 | 14.55 | 406.15 | 25.30 | 101.37 | 12.45 | 153.07 | — | 7.48 | 62.79 | 36.08 | 44.40 | 35.68 |
| — | -18.1% | — | -64.5% | +19.7% | +128.9% | — | +49.3% | -92.8% | +16.9% | +165.3% | — | +1256.0% | -80.2% | +324.2% | — | -79.0% | -40.9% | +36.7% | +19.6% | -19.0% | |
| EV / EBIT | 32.27 | 33.96 | 39.10 | 10.85 | 6.90 | 20.11 | 57.30 | 15.95 | 6.78 | 13.33 | 210.60 | 19.49 | 47.62 | 11.91 | 161.05 | 179.06 | 7.28 | 60.20 | 31.99 | 42.64 | 35.46 |
| — | +68.9% | -31.8% | -32.0% | +1.7% | +50.8% | -72.8% | -18.2% | -85.8% | +12.0% | +30.8% | -89.1% | +554.2% | -80.2% | +403.4% | +319.9% | -79.5% | -41.6% | +1021.3% | -9.5% | +44.7% |
Quarterly margins and returns. Watch for margin compression across consecutive quarters.
| Metric | TTM | Q3 '26 | Q2 '26 | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 | Q4 '22 | Q3 '22 | Q2 '22 | Q1 '22 | Q4 '21 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 61.4% | 52.1% | 50.5% | 68.4% | 56.5% | 63.4% | 38.2% | 63.7% | 77.8% | 62.0% | 51.0% | 62.0% | 47.8% | 67.9% | 53.0% | 1.0% | 77.5% | 56.3% | 67.7% | 67.6% | 77.9% |
| — | -17.8% | +32.2% | +7.4% | -27.3% | +2.2% | -25.0% | +2.7% | +62.8% | -8.7% | -3.8% | +5838.9% | -38.3% | +20.7% | -21.7% | -98.5% | -0.5% | -13.1% | -7.7% | +55.1% | +84.4% | |
| Operating Margin | 29.4% | 25.7% | 5.1% | 48.0% | 53.1% | 26.0% | -33.2% | 29.9% | 62.0% | 40.3% | -11.5% | 32.6% | 1.3% | 54.6% | -8.0% | -111.1% | 59.6% | 19.6% | 32.3% | 34.6% | 39.8% |
| — | -0.9% | +115.3% | +60.5% | -14.4% | -35.7% | -188.6% | -8.3% | +4657.9% | -26.1% | -43.8% | +129.3% | -97.8% | +178.9% | -124.8% | -420.8% | +49.8% | +59.1% | -25.5% | +76.9% | +447.3% | |
| Net Margin | 50.3% | 35.9% | 21.4% | 50.0% | 54.5% | 43.9% | 20.3% | 68.4% | 52.6% | 37.2% | 3.7% | 38.3% | 31.3% | 47.9% | 6.3% | 11.9% | 51.2% | 26.3% | 36.3% | 35.4% | 37.8% |
| — | -18.3% | +5.6% | -27.0% | +3.7% | +18.1% | +448.6% | +78.5% | +68.2% | -22.4% | -41.4% | +223.1% | -39.0% | +82.4% | -82.6% | -66.5% | +35.6% | +12.2% | -90.1% | +104.1% | +452.4% |
| Metric | TTM | Q3 '26 | Q2 '26 | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 | Q4 '22 | Q3 '22 | Q2 '22 | Q1 '22 | Q4 '21 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 9.6% | 2.0% | 0.7% | 3.1% | 4.4% | 1.7% | 0.6% | 3.0% | 5.2% | 2.3% | 0.1% | 1.7% | 0.9% | 2.9% | 0.2% | 0.1% | 5.1% | 0.8% | 1.6% | 1.5% | 1.8% |
| — | +18.0% | +23.6% | +5.2% | -16.3% | -28.2% | +515.4% | +72.6% | +482.3% | -18.7% | -41.1% | +1132.1% | -82.3% | +264.1% | -89.6% | -90.4% | +180.8% | +26.4% | -91.5% | +42.8% | +114.5% | |
| ROA | 8.5% | 1.7% | 0.7% | 2.8% | 3.9% | 1.5% | 0.5% | 2.7% | 4.6% | 2.0% | 0.1% | 1.5% | 0.8% | 2.6% | 0.1% | 0.1% | 4.6% | 0.7% | 1.5% | 1.3% | 1.6% |
| — | +15.0% | +22.2% | +4.3% | -15.3% | -27.0% | +524.1% | +73.7% | +468.2% | -21.1% | -41.9% | +1135.0% | -82.3% | +255.1% | -89.9% | -90.5% | +181.2% | +27.6% | -91.6% | +37.1% | +110.3% | |
| ROIC | 4.7% | 1.0% | 0.1% | 2.5% | 3.5% | 0.8% | -0.8% | 1.1% | 5.2% | 2.1% | -0.3% | 1.3% | 0.0% | 2.7% | -0.2% | -1.2% | 5.3% | 0.5% | 1.2% | 1.3% | 1.8% |
| — | +30.1% | +116.8% | +126.5% | -33.2% | -62.8% | -211.4% | -15.0% | +15244.0% | -22.5% | -52.3% | +205.1% | -99.4% | +500.0% | -114.7% | -196.5% | +197.3% | +49.4% | -46.6% | +8.3% | +101.7% |
Quarterly solvency trend — watch for debt spikes or covenant pressure.
| Metric | TTM | Q3 '26 | Q2 '26 | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 | Q4 '22 | Q3 '22 | Q2 '22 | Q1 '22 | Q4 '21 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 0.05 | 0.09 | 0.05 | 0.05 | 0.05 | 0.05 | 0.05 | 0.05 | 0.05 | 0.06 | 0.06 | 0.06 | 0.06 | 0.03 | 0.04 | 0.04 | 0.04 | 0.01 | 0.01 | 0.01 | 0.00 |
| — | +85.3% | +2.9% | +3.0% | -12.2% | -12.4% | -11.5% | -11.1% | -11.7% | +66.7% | +65.2% | +64.5% | +69.7% | +249.3% | +251.4% | +241.6% | +2978.7% | +609.8% | +537.7% | +391.4% | -50.2% | |
| Debt / EBITDA | 0.68 | 6.02 | 9.74 | 1.62 | 1.04 | 3.68 | — | 3.13 | 0.85 | 1.95 | 50.67 | 3.17 | 12.01 | 0.94 | 11.83 | — | 0.56 | 0.99 | 0.55 | 0.57 | 0.05 |
| — | +63.7% | — | -48.4% | +22.2% | +88.9% | — | -1.3% | -92.9% | +106.4% | +328.4% | — | +2032.4% | -4.7% | +2045.3% | — | +1013.6% | +437.1% | +757.4% | +351.5% | -68.8% | |
| Current Ratio | 2.72 | 1.53 | 1.39 | 2.29 | 2.72 | 3.52 | 3.76 | 3.56 | 4.05 | 3.17 | 4.10 | 3.32 | 4.57 | 4.88 | 4.14 | 3.51 | 3.49 | 4.49 | 5.90 | 3.48 | 3.11 |
| — | -56.5% | -63.1% | -35.9% | -32.7% | +11.2% | -8.2% | +7.4% | -11.4% | -35.0% | -1.1% | -5.3% | +30.9% | +8.6% | -29.8% | +0.7% | +12.4% | +25.8% | +67.1% | -36.8% | -25.7% | |
| Quick Ratio | 2.09 | 1.53 | 0.83 | 1.75 | 2.09 | 2.40 | 3.12 | 3.09 | 3.66 | 2.59 | 3.56 | 3.07 | 4.31 | 4.76 | 4.14 | 3.51 | 3.49 | 4.37 | 5.65 | 3.37 | 3.06 |
| — | -36.0% | -73.5% | -43.6% | -42.9% | -7.6% | -12.5% | +0.7% | -15.0% | -45.5% | -14.0% | -12.4% | +23.3% | +9.0% | -26.7% | +4.1% | +14.2% | +25.8% | +63.3% | -38.8% | -25.5% | |
| Interest Coverage | 42.01 | 11.99 | 11.65 | 65.15 | 77.57 | 30.63 | 10.87 | 48.78 | 80.45 | 36.34 | 2.43 | 26.94 | 22.63 | 85.98 | 6.94 | 6.78 | 196.71 | 35.94 | 200.64 | 285.43 | — |
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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 20.2x. The average P/E over the last 4 quarters is 24.9x. 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.