PCYO
Pure Cycle Corporation
There isn't enough reported data to score PCYO yet.
PCYO Fundamentals
| Metric | Status |
|---|---|
| Strong | |
| Strong | |
| Healthy | |
| Healthy |
PCYO's revenue, profitability, cash flow and balance sheet are all currently healthy.
PCYO PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Current | 17x | $10.82 | — |
| Cheap | 18x | $11.07 | +2.3% |
| Fair | 24x | $15.18 | +40% |
| Expensive | 44x | $27.10 | +150% |
Historical ranges are pointers, not guarantees.
PCYO's PE is 17x, but its earnings don't support one, so it isn't a reliable read right now.
PCYO Forward outlook
There aren't enough analyst estimates for PCYO to show an outlook.
PCYO Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Q2 2026 | $0.62 | +13% |
| Q1 2026 | $0.59 | +1.7% |
| Q4 2025 | $0.57 | +3.6% |
| Q3 2025 | $0.54 | +13% |
| Q2 2025 | $0.55 | +129% |
| Q1 2025 | $0.58 | +123% |
| Q4 2024 | $0.55 | +104% |
| Q3 2024 | $0.48 | +153% |
PCYO's earnings per share have fallen from their peak: $0.62 over the past year, against $0.87 in late 2021.
PCYO Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q2 2026 | $8.2M | +60% |
| Q1 2026 | $5.2M | +29% |
| Q4 2025 | $9.1M | +59% |
| Q3 2025 | $11.2M | -11% |
| Q2 2025 | $5.1M | -32% |
| Q1 2025 | $4M | +25% |
| Q4 2024 | $5.8M | +6.8% |
| Q3 2024 | $12.6M | +272% |
PCYO's revenue is recovering but still below its 2024 peak: $8M last quarter, up 60% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q2 2026 | 26% | -0.2 points |
| Q1 2026 | 5.1% | +38 points |
| Q4 2025 | 48% | +18 points |
| Q3 2025 | 53% | -8.9 points |
| Q2 2025 | 26% | -14 points |
| Q1 2025 | -33% | -22 points |
| Q4 2024 | 30% | -2.7 points |
| Q3 2024 | 62% | +61 points |
PCYO's operating margin was 26% last quarter, about level with the same quarter a year ago.
PCYO Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q2 2026 | $3.4M | +$3.8M |
| Q1 2026 | -$4.5M | -$3.1M |
| Q4 2025 | -$1.1M | -121% |
| Q3 2025 | $8.8M | +197% |
| Q2 2025 | -$417K | -172% |
| Q3 2024 | $3M | +477% |
| Q2 2024 | $578K | -88% |
| Q4 2022 | -$834K | +$5.2M |
PCYO still generates free cash flow, though less than at its 2019 peak: $7M over the past year.
PCYO Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | 0% | -8.8K shares |
| 1 year | +0.1% | +19.5K shares |
| 3 years | 0% | -3.3K shares |
| 5 years | -0.1% | -21.4K shares |
| Available history | +0.7% | +160K shares |
PCYO has 24M diluted shares, about the same as a year ago.
| Quarter | Spent |
|---|---|
| Q2 2026 | $79,000 |
| Q3 2025 | $74,000 |
| Q2 2025 | $22,000 |
| Q1 2025 | $193,000 |
| Q4 2024 | $108,000 |
| Q3 2024 | $142,000 |
| Q2 2024 | $141,000 |
| Q1 2024 | $100,000 |
PCYO Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q2 2026 | 0.4x | Very low |
| Q1 2026 | 0.2x | Very low |
| Q4 2025 | -0.7x | Net Cash |
| Q3 2025 | -1.5x | Net Cash |
| Q2 2025 | -0.6x | Net Cash |
| Q1 2025 | -0.7x | Net Cash |
| Q4 2024 | -0.9x | Net Cash |
| Q3 2024 | -1.1x | Net Cash |
PCYO's net debt is less than a year of its operating earnings (EBITDA), after holding more cash than debt a year ago.
PCYO Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 47.8 | Neutral |
| Stochastic | 26.9 | Neutral |
PCYO's weekly RSI is 48 (neutral) and its Stochastic is 27 (neutral).
PCYO PE vs Utilities Sector
| Metric | PCYO | Sector median | Relative |
|---|---|---|---|
| PE | 17x | 20x | 15% below |
| PE % | 11 | 44 | 33 pts below |
PCYO is trading at 17x earnings, a 15% discount to the Utilities sector's median of 20x, though its earnings don't support one.
PCYO Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $10.9 | 0.6% below |
| 20 week MA | $10.9 | 1.1% below |
| 50 week MA | $11.0 | 1.3% below |
| 100 week MA | $10.9 | 0.9% below |
| 200 week MA | $10.6 | 2.3% above |
PCYO has fallen below most of its moving averages, though it's still 2.3% above its 200-week average.
PCYO Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $12.8 | $10.9 | -15% |
| 2021 | $10.9 | $14.4 | +32% |
| 2022 | $14.4 | $9.94 | -31% |
| 2023 | $9.94 | $10.5 | +5.3% |
| 2024 | $10.5 | $12.6 | +20% |
| 2025 | $12.6 | $11.1 | -12% |
| 2026 YTD | $11.1 | $10.8 | -2.4% |
PCYO has finished lower in three of the last six years. It's down 2.4% so far in 2026.