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Pure Cycle PCYO Operating margin

Operating margin at other companies

Global Water Resources logo
Global Water ResourcesGWRS
11.1%-6.4pp
York Water logo
York WaterYORW
35.1%-2.0pp
Artesian Resources logo
Artesian ResourcesARTNA
24.8%+0.1pp
California Water Service Group logo
California Water Service GroupCWT
17%-1.2pp
Middlesex Water Company logo
Middlesex Water CompanyMSEX
28.1%0.0pp
AWR
American States WaterAWR
30.8%-0.6pp

Other financials

Income statement

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Revenue$5.2M+29.4%
Gross profit$2.8M+82.3%
Operating income$263.0K+120%
Net income$1.1M+36.6%
EPS (diluted)$0.05+66.7%

Balance sheet

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Cash & equivalents$4.8M-70.8%
Total debt$8.0M+15.1%
Total equity$148.7M+10.6%
Total assets$166.6M+11.3%

Cash flow

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Operating cash flow-$4.2M
CapEx$303.0K+2,425%
Free cash flow-$4.5M

Valuation

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Market cap$258.15M+3.7%

Where this comes from

Calculated from Pure Cycle’s reported figures.

Based on trailing twelve months.

The official record: Pure Cycle’s 10-Q, filed April 8, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Pure Cycle's operating margin?
Pure Cycle (PCYO) reported operating margin of 38.9% in Q4 2025.
How has Pure Cycle's operating margin changed year-over-year?
Pure Cycle's operating margin increased by 3.5% year-over-year, from 37.6% to 38.9%.
What is the long-term trend for Pure Cycle's operating margin?
Over 4 years (2021 to 2025), Pure Cycle's operating margin has grown at a -1.1% compound annual growth rate (CAGR), from 30.8% to 29.4%.
What does operating margin mean?
Operating income as a percentage of revenue (trailing twelve months). Captures profitability from core operations after both cost of revenue and operating expenses, but before interest and taxes.