PCYO
PURE CYCLE CORP
Next earnings Jul 15, 2026
Last earnings +0.9% on 2026-04-09
$11.23
▲ +2.18%$11.23▲ +11.63%
over 1Y
L $9.75EODHDH $11.94
Earnings Dividend Split Congress buy Congress sellGrouped by date · hover a pin to expand
Today+2.2%
1W+0.5%
1M+10.9%
3M+13.8%
YTD+3.9%
1Y+11.6%
Hold
Conviction
Horizon
Medium (3–12mo)
Street · 7 analysts
Buy
Strong net margin (50.3%); but revenue declined -9.3% YoY.
The read
Middling fundamentals and a rich price (~43% above fair value) leave little margin of safety — a wait-and-see.
PURE CYCLE CORP shows $26.1M in FY2025 revenue (-9.3% YoY), a 50.3% net margin, and 9.2% ROE.
Financials · annual, by fiscal year
| Line item | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|
| Revenue | $17.1M | $23.0M | $14.6M | $28.7M | $26.1M |
| Gross profit | $10.7M | $16.4M | $8.04M | $19.8M | $16.0M |
| Operating income | $5.27M | $10.1M | $2.07M | $12.2M | $7.67M |
| Net income | $20.1M | $9.62M | $4.70M | $11.6M | $13.1M |
| Diluted EPS | $0.83 | $0.40 | $0.19 | $0.48 | $0.54 |
| Net margin | 117.4% | 41.8% | 32.2% | 40.4% | 50.3% |
Annual figures from SEC 10-K XBRL filings. Open the filing links below for full statement detail.
Key statistics
Valuation
Enterprise value$255M
EV / EBITDA25.6
EV / Sales9.8
EV / FCF20.1
P / FCF21.3
PEG (trailing)1.61
Earnings yield4.8%
FCF yield4.7%
Quality & risk
ROIC (est.)4.1%
Free cash flow$12.7M
Total debt$6.79M
Net cash$15.1M
Altman Z-Score8.49 safe
Piotroski F-Score4/8
Capital returns
Buyback yield0.1%
Dividend yield (est.)—
Shareholder yield0.1%
Shares Δ YoY+0.0%
Computed from SEC XBRL annual figures + the current quote. EV and ROIC use long-term + current debt where filed; estimates, not investment advice.
Disclosure timeline
SEC · 8-Ks + reportsSome governance/structural items recently, but no outright red flags.
Recent filings
all on EDGAR ↗8-KPeriod ending 2026-05-212026-05-26open ↗8-KPeriod ending 2026-04-082026-04-09open ↗10-QPeriod ending 2026-02-282026-04-08open ↗SCHEDULE 13D/AFiling2026-01-16open ↗4Period ending 2026-01-142026-01-16open ↗8-KPeriod ending 2026-01-142026-01-16open ↗4Period ending 2026-01-142026-01-15open ↗4Period ending 2026-01-142026-01-15open ↗4Period ending 2026-01-142026-01-15open ↗4Period ending 2026-01-142026-01-15open ↗4Period ending 2026-01-142026-01-15open ↗4Period ending 2026-01-142026-01-15open ↗
Frequently asked
- Is PURE CYCLE CORP (PCYO) a buy?
- PCYO currently carries a Hold rating with 3/5 conviction, derived from its latest SEC filings. Strong net margin (50.3%); but revenue declined -9.3% YoY.
- What is PCYO's fair value?
- A Modified-Graham model based on PCYO's SEC fundamentals estimates a fair value of about $6.37. It is an estimate from reported earnings, not a price target.
- Is PCYO overvalued or undervalued?
- Against a Modified-Graham fair-value estimate, PCYO currently appears overvalued relative to its SEC-grounded earnings power.
- What is PURE CYCLE CORP's quality score?
- PCYO scores 71/100 (grade B) on a SEC-grounded quality model spanning value, growth, profitability, financial health and momentum.
Sources: SEC EDGAR (CIK 0000276720, latest 10-Q filed 2026-04-08) · EODHD · as of 6/26/2026, 8:34:14 PM.
Research and education only — not financial advice. EDGAR is not a registered investment adviser or broker-dealer and gives no personalized advice. Every call is impersonal — identical for all users, generated on a schedule from SEC filings plus a delayed/third-party price feed — may be wrong or out of date, and is not a recommendation to buy or sell any security. The operator and an affiliated trading operation may hold or trade the securities EDGAR rates; see Disclosures. Past performance does not guarantee future results. Do your own research.