Pure Cycle Corporation
PCYO Utilities Utilities Regulated Water
Pure Cycle Corporation’s revenue for fiscal 2025 (year ended August 2025) was $26.1 million, down 9.25% from fiscal 2024. In the quarter to May 2026, revenue grew 60.0%, EPS grew 33.3%, free cash flow grew 492.1% and total debt rose 105.9%, each against the same quarter a year earlier. Operating cash flow growth for three consecutive years.
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Pure Cycle Corporation (PCYO) P/E ratio
As of 9 October 2026, Pure Cycle Corporation (PCYO) trades at a P/E ratio of 18.2×. Over the past ten years it has ranged from 0.0× (August 2018) to 672× (September 2018); the current reading is higher than 37% of that period. That is below the Utilities Regulated Water industry median of 20.5× and below the Utilities sector median of 19.8×.
P/E ratio, daily
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Annual newest first
| Period | P/E ratio | Change |
|---|---|---|
| FY2025 | 19.2× | (9.40%) |
| FY2024 | 21.1× | (60.67%) |
| FY2023 | 53.7× | 103.09% |
| FY2022 | 26.5× | 51.10% |
| FY2021 | 17.5× | (49.56%) |
| FY2020 | 34.7× | (34.32%) |
| FY2019 | 52.9× | (91.82%) |
| FY2018 | 647× | — |
| FY2017 | 0.0× | — |
| FY2016 | 0.0× | — |
Quarterly newest first
| Period | P/E ratio | Change |
|---|---|---|
| May 2026 | 17.2× | (5.37%) |
| Feb 2026 | 18.2× | (8.80%) |
| Nov 2025 | 20.0× | 4.25% |
| Aug 2025 | 19.2× | 0.70% |
| 42 more quarters | Free account |
Against its own ten years
P/E ratio against peers
| Company | P/E ratio |
|---|---|
| CDZI Cadiz, Inc. compare | n/m |
| ARTNA Artesian Resources Corporation compare | 14.6× |
| PCYO Pure Cycle Corporation | 18.2× |
| YORW The York Water Company compare | 19.3× |
| HTO H2O America compare | 20.5× |
| CWT California Water Service Group compare | 20.6× |
| MSEX Middlesex Water Company compare | 20.6× |
| CWCO Consolidated Water Co. Ltd. compare | 29.7× |
| GWRS Global Water Resources, Inc. compare | 74.1× |
| Utilities Regulated Water industry median | 20.5× |
| Utilities sector median | 19.8× |
| Market median | 17.9× |
What P/E ratio is
Price to Earnings Ratio shows how much investors pay for each dollar of a company’s annual profit per share.
Stock Price ÷ EPS (Basic) (TTM)