Pure Cycle Corporation (PCYO) Revenue History
Annual and quarterly revenue from 2014 to 2025
Compound Annual Growth Rate (CAGR)
Loading revenue history...
PCYO Revenue Growth
Revenue Breakdown (FY 2025)
PCYO's revenue distribution by segment and geography for fiscal year 2025
By Product/Segment
By Geography
PCYO Revenue Analysis (2014–2025)
As of May 6, 2026, Pure Cycle Corporation (PCYO) generated trailing twelve-month (TTM) revenue of $29.5 million, reflecting explosive growth of +58.8% year-over-year. The most recent quarter (Q1 2026) recorded $9.1 million in revenue, down 18.4% sequentially.
Looking at the longer-term picture, PCYO's 5-year compound annual growth rate (CAGR) stands at +0.2%, indicating moderate growth over time. The company achieved its highest annual revenue of $28.7 million in 2024.
Revenue diversification analysis shows PCYO's business is primarily driven by Construction (32%), Lot Sales (29%), and Water And Wastewater (22%).
When compared to Utilities sector peers including MSEX (+1.8% YoY), YORW (-124.4% YoY), and ARTNA (+4.6% YoY), PCYO has outperformed the peer group in terms of revenue growth. Compare PCYO vs MSEX →
PCYO Revenue vs Peers
Revenue metrics vs comparable public companies
| Company | TTM Revenue | YoY Growth | 5Y CAGR | Op. Margin | Compare |
|---|---|---|---|---|---|
| PCYOCurrent | $29M | +58.8% | +0.2% | 29.4% | |
 MSEX | $195M | +1.8% | +6.6% | 27.9% | |
 YORW | $77M | -124.4% | +7.5% | 35.8% | |
 ARTNA | $113M | +4.6% | +5.1% | 31.5% | |
 GWRS | $56M | +5.8% | +7.6% | 12.8% | |
 AWR | $658M | +10.3% | +6.2% | 30.9% |
PCYO Historical Revenue Data (2014–2025)
| Year | Revenue | YoY % | Gross Profit | Gross Margin | Op. Income | Op. Margin |
|---|---|---|---|---|---|---|
| 2025 | $26.1M | -9.3% | $16.0M | 61.4% | $7.7M | 29.4% |
| 2024 | $28.7M | +97.1% | $19.8M | 68.7% | $12.2M | 42.6% |
| 2023 | $14.6M | -36.6% | $8.0M | 55.1% | $2.1M | 14.2% |
| 2022 | $23.0M | +34.3% | $16.4M | 71.2% | $10.1M | 43.9% |
| 2021 | $17.1M | -33.8% | $10.7M | 62.6% | $5.3M | 30.8% |
| 2020 | $25.9M | +27.0% | $7.5M | 29.2% | $1.5M | 5.9% |
| 2019 | $20.4M | +192.6% | $6.4M | 31.5% | $3.0M | 14.7% |
| 2018 | $7.0M | +466.8% | $2.8M | 40.2% | $-308,727 | -4.4% |
| 2017 | $1.2M | +171.5% | $424K | 34.6% | $-2,131,202 | -173.6% |
| 2016 | $452K | -80.5% | $-76,598 | -16.9% | $-2,179,775 | -482.1% |
See PCYO's True Return
Price is only half the story. See total return with reinvested dividends.
Launch CalculatorIs PCYO Undervalued?
DCF intrinsic value, peer multiples, and analyst estimates — see what the stock is really worth.
View ValuationCompare PCYO vs GEV
Side-by-side business, growth, and profitability comparison vs GE Vernova Inc..
Start ComparisonPCYO — Frequently Asked Questions
Quick answers to the most common questions about buying PCYO stock.
Is PCYO's revenue growth accelerating or slowing?
PCYO revenue is accelerating at +58.8% year-over-year, exceeding the 5-year CAGR of +0.2%. TTM revenue reached $29M. Growth momentum has increased versus prior periods.
What is PCYO's long-term revenue growth rate?
Pure Cycle Corporation's 5-year revenue CAGR of +0.2% reflects the sustained expansion pattern. Current YoY growth of +58.8% is above this long-term average.
How is PCYO's revenue distributed by segment?
PCYO reports revenue by product line and geographic region. Annual and quarterly breakdowns from 2014-2025 are available for download. Segment mix reveals concentration and diversification trends.