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

	Q2 '26	Q1 '26	Q4 '25	Q3 '25	Q2 '25
Profitability
Gross margin	64.8%-1.5pp	63.2%-5.8pp	61.5%-7.3pp	66.4%+6.3pp	66.3%+4.9pp
Operating margin	38.9%+1.3pp	35.1%-6.9pp	29.4%-13.2pp	34.7%+11.6pp	37.6%+10.0pp
Net margin	45.8%-1.6pp	46.6%+0.3pp	50.3%+9.9pp	49.6%+18.6pp	47.4%+12.7pp
EBITDA margin	46.3%+1.2pp	43%-6.3pp	38.2%-11.7pp	42.7%+8.7pp	45.1%+6.5pp
Returns
Return on equity	9.9%-1.2pp	9.8%-0.9pp	9.6%+0.3pp	10.5%+5.4pp	11.1%+5.5pp
Return on assets	8.9%-1.1pp	8.6%-0.7pp	8.5%+0.2pp	9.3%+4.8pp	10%+4.9pp
Return on invested capital	6.5%-0.8pp	6%-2.1pp	4.8%-3.7pp	6%+2.7pp	7.3%+3.6pp
Efficiency
Asset turnover	0.2×0.0×	0.2×0.0×	0.2×0.0×	0.2×0.0×	0.2×+0.1×
Liquidity
Current ratio	1.4×-2.4×	2.3×-1.3×	2.7×-1.3×	3.5×+0.4×	3.8×-0.3×
Quick ratio	1.4×-2.4×	2.3×-1.3×	2.7×-1.3×	3.5×+0.4×	3.8×-0.3×
Cash ratio	0.5×-1.8×	1.5×-0.9×	1.9×-0.5×	2×-0.2×	2.3×-0.9×
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×+0.1×	-1.5×-0.5×	-0.6×+1.4×	-0.7×+1.1×
Interest coverage	26.9×+1.2×	25.1×-2.6×	18×-9.9×	22.1×+10.4×	25.7×+9.9×
Per Share
Book value per share	$6.15+10.7%	$6.11+10.4%	$5.91+9.9%	$5.66+11.0%	$5.56+11.4%
Valuation
Market capitalization	$258.15M+3.7%	$274.04M-21.8%	$243.15M-5.2%	$257.62M+15.0%	$280.01M+16.6%
Enterprise value	$263.71M+8.2%	$264.9M-21.7%	$228.02M-5.5%	$250.09M+18.7%	$270.46M+19.3%
Price / earnings	18.6×+0.1×	19.9×-6.0×	18.5×-3.5×	18.9×-18.0×	19.8×-17.0×
Price / sales	8.5×-0.7×	9.3×-2.7×	9.3×+0.4×	9.4×-2.1×	9.4×-3.4×
Price / book	1.8×-0.1×	1.9×-0.8×	1.7×-0.3×	1.9×+0.1×	2.1×+0.1×
EV / EBITDA	18.6×-2.2×	20.9×-2.7×	22.9×+6.0×	21.4×-10.4×	20×-11.2×
EV / sales	8.6×-0.3×	9×-2.6×	8.7×+0.3×	9.1×-1.7×	9×-3.0×
Earnings yield	5.4%0.0pp	5%+1.2pp	5.4%+0.9pp	5.3%+2.6pp	5.1%+2.3pp

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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.