PCYO
Pure Cycle Corporation
There isn't enough reported data to score PCYO yet.
SMR
NuScale Power Corporation
SMR lost money over the past year, so it has no meaningful PE right now. Analysts expect losses to shrink.
PCYO Fundamentals
| Metric | Status |
|---|---|
| Strong | |
| Strong | |
| Healthy | |
| Healthy |
PCYO's revenue, profitability, cash flow and balance sheet are all currently healthy.
SMR Fundamentals
| Metric | Status |
|---|---|
| Weak | |
| Weak | |
| Weak | |
| Unavailable |
SMR's revenue, profitability and cash flow are currently weak. There isn't enough data to rate its balance sheet.
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.
SMR PE Valuation
SMR has no meaningful PE right now: it lost money over the past year.
PCYO Forward outlook
There aren't enough analyst estimates for PCYO to show an outlook.
SMR Forward outlook
| Metric | Outlook |
|---|---|
| -- | |
| Losses shrinking | |
| Strong growth | |
| -- | |
| Limited | |
| High |
Analysts expect SMR's losses to shrink, with revenue growing.
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 has the stronger earnings trend. Trailing diluted EPS is up 13% for PCYO versus SMR down 125%.
SMR Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Q3 2026 | -$0.72 | +$2.14 |
| Q2 2026 | -$2.46 | -$1.27 |
| Q1 2026 | -$2.46 | -$1.09 |
| Q4 2025 | -$2.43 | -$0.96 |
| Q3 2025 | -$2.86 | -$1.91 |
| Q2 2025 | -$1.19 | -$0.16 |
| Q1 2025 | -$1.37 | -$0.52 |
| Q4 2024 | -$1.47 | -$0.67 |
SMR is still losing money, but far less than before: $0.72 per share over the past year, against $2.86 at its worst in late 2025.
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 has the stronger quarterly revenue trend. Revenue is up 60% for PCYO versus down 97% for SMR.
| 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.
SMR Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $281K | -97% |
| Q2 2026 | $75K | -99% |
| Q1 2026 | $565K | -96% |
| Q4 2025 | $1.8M | -95% |
| Q3 2025 | $8.2M | +1635% |
| Q2 2025 | $8.1M | +733% |
| Q1 2025 | $13.4M | +870% |
| Q4 2024 | $34.2M | +651% |
SMR's revenue has slid since its 2024 peak: $281,000 last quarter, down 97% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | -23068% | -16535 points |
| Q2 2026 | -85337% | -84802 points |
| Q1 2026 | -10181% | -9917 points |
| Q4 2025 | -4022% | -3988 points |
| Q3 2025 | -6533% | +2103 points |
| Q2 2025 | -535% | +3796 points |
| Q1 2025 | -264% | +2925 points |
| Q4 2024 | -35% | +1524 points |
SMR's operating margin was −23068% last quarter, down 16535 points from the same quarter a year ago, near the bottom of its range since 2022.
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 has the stronger cash trend. Its trailing FCF is up 96% versus its history, compared with SMR at down 161%.
SMR Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q2 2026 | -$58.6M | -$25.3M |
| Q1 2026 | -$316.2M | -$293.3M |
| Q4 2025 | -$204.1M | -$177.6M |
| Q2 2025 | -$33.3M | +$2.7M |
| Q1 2025 | -$22.9M | +$10.6M |
| Q4 2024 | -$26.5M | +$46.8M |
| Q3 2024 | -$12.7M | +$15M |
| Q2 2024 | -$36M | +$4.5M |
SMR has burned cash in almost every quarter: −$608M over the past year, against −$95M the year before.
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 the edge over SMR on shareholder dilution, with a more favorable share count trend.
| 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 |
SMR Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | +13% | +45.9M shares |
| 1 year | +178% | +263M shares |
| 3 years | +448% | +336M shares |
SMR has 410M diluted shares, up 178% from a year ago.
| Quarter | Spent |
|---|---|
| Q4 2023 | — |
| Q3 2023 | — |
| Q2 2023 | — |
| Q1 2023 | — |
| Q4 2022 | — |
| Q3 2022 | — |
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.
SMR Net Leverage
SMR's operating earnings (EBITDA) were negative over the past year, so its debt can't be measured against them.
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).
SMR Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 29.5 | Oversold |
| Stochastic | 8.6 | Oversold |
SMR's weekly RSI is 30 (oversold) and its Stochastic is 9 (oversold).
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.
SMR PE vs Utilities Sector
SMR has no meaningful PE right now: it lost money over the past year.
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 the edge over SMR on trend strength, trading above more of its moving averages.
SMR Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $6.26 | 23% below |
| 20 week MA | $7.88 | 39% below |
| 50 week MA | $11.4 | 58% below |
| 100 week MA | $20.2 | 76% below |
| 200 week MA | $14.4 | 67% below |
SMR is in a downtrend: it's below all five of its weekly moving averages, and 67% below 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 the edge over SMR on returns for 2026, with the stronger performance.
SMR Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $10.1 | $10.3 | +1.2% |
| 2021 | $10.3 | $10.1 | -1.9% |
| 2022 | $10.1 | $10.1 | +0.5% |
| 2023 | $10.1 | $3.29 | -67% |
| 2024 | $3.29 | $19.5 | +493% |
| 2025 | $19.5 | $14.9 | -24% |
| 2026 YTD | $14.9 | $4.82 | -68% |
SMR's yearly returns have swung widely, from +493% in 2024 to −67% in 2023. It's down 68% so far in 2026.