Where do Pure Cycle's ratios come from?

Every ratio is computed from Pure Cycle's SEC filings — trailing-twelve-month flows over period-end balances. Valuation multiples combine those fundamentals with market data, recomputed each period. Switch between quarterly, annual, and TTM, or open any ratio for its full history and peer comparisons.

Pure Cycle PCYO Ratios & Valuation

Income Statement Balance Sheet Cash Flow Ratios Segments

Quarterly Annual TTM

YoY QoQ

Simplified Detailed

	TTM Q2 '26	TTM Q1 '26	TTM Q4 '25	TTM Q3 '25	TTM Q2 '25
Profitability
Gross margin	64.8%+1.7pp	63.2%+1.7pp	61.5%-4.9pp	66.4%+0.1pp	66.3%-2.7pp
Operating margin	38.9%+3.8pp	35.1%+5.7pp	29.4%-5.3pp	34.7%-2.9pp	37.6%-4.3pp
Net margin	45.8%-0.8pp	46.6%-3.6pp	50.3%+0.7pp	49.6%+2.2pp	47.4%+1.1pp
EBITDA margin	46.3%+3.3pp	43%+4.8pp	38.2%-4.5pp	42.7%-2.5pp	45.1%-4.2pp
Returns
Return on equity	9.9%+0.1pp	9.8%+0.2pp	9.6%-0.8pp	10.5%-0.7pp	11.1%+0.5pp
Return on assets	8.9%+0.2pp	8.6%+0.2pp	8.5%-0.8pp	9.3%-0.6pp	10%+0.6pp
Return on invested capital	6.5%+0.5pp	6%+1.2pp	4.8%-1.2pp	6%-1.3pp	7.3%-0.8pp
Efficiency
Asset turnover	0.2×0.0×	0.2×0.0×	0.2×0.0×	0.2×0.0×	0.2×0.0×
Liquidity
Current ratio	1.4×-0.9×	2.3×-0.4×	2.7×-0.8×	3.5×-0.2×	3.8×+0.2×
Quick ratio	1.4×-0.9×	2.3×-0.4×	2.7×-0.8×	3.5×-0.2×	3.8×+0.2×
Cash ratio	0.5×-1.0×	1.5×-0.4×	1.9×-0.1×	2×-0.3×	2.3×-0.1×
Leverage
Debt-to-equity	0.1×0.0×	0.1×0.0×	0×0.0×	0.1×0.0×	0.1×0.0×
Debt-to-assets	0×0.0×	0×0.0×	0×0.0×	0×0.0×	0×0.0×
Net debt / EBITDA	0.2×+0.9×	-0.7×+0.8×	-1.5×-0.9×	-0.6×+0.1×	-0.7×+0.1×
Interest coverage	26.9×+1.7×	25.1×+7.1×	18×-4.1×	22.1×-3.6×	25.7×-2.1×
Per Share
Book value per share	$6.15+0.8%	$6.11+3.4%	$5.91+4.3%	$5.66+1.9%	$5.56+0.5%
Valuation
Market capitalization	$258.15M+3.7%	$274.04M+12.7%	$243.15M-5.6%	$257.62M-8.0%	$280.01M-20.0%
Enterprise value	$263.71M+8.2%	$264.9M+16.2%	$228.02M-8.8%	$250.09M-7.5%	$270.46M-20.0%
Price / earnings	18.6×+0.1×	19.9×+1.4×	18.5×-0.4×	18.9×-0.8×	19.8×-6.2×
Price / sales	8.5×-0.7×	9.3×0.0×	9.3×-0.1×	9.4×0.0×	9.4×-2.7×
Price / book	1.8×-0.1×	1.9×+0.2×	1.7×-0.2×	1.9×-0.2×	2.1×-0.5×
EV / EBITDA	18.6×-2.2×	20.9×-2.0×	22.9×+1.5×	21.4×+1.3×	20×-3.5×
EV / sales	8.6×-0.3×	9×+0.2×	8.7×-0.4×	9.1×+0.1×	9×-2.6×
Earnings yield	5.4%0.0pp	5%-0.4pp	5.4%+0.1pp	5.3%+0.2pp	5.1%+1.2pp

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Questions, answered.

Where do Pure Cycle's ratios come from?: Every ratio is computed from Pure Cycle's SEC filings — trailing-twelve-month flows over period-end balances. Valuation multiples combine those fundamentals with market data, recomputed each period. Switch between quarterly, annual, and TTM, or open any ratio for its full history and peer comparisons.