Pure Cycle Corp. (PCYO)
NASDAQ:PCYO
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PCYO Stock Chart & Stats
$11.40
-$0.11(-0.91%)
At close: 4:00 PM EST
$11.40
-$0.11(-0.91%)
Day’s Range― - ―
52-Week Range$9.65 - $12.16
Previous CloseN/A
Volume7.30K
Average Volume (3M)46.66K
Market Cap
$277.19M
Enterprise Value$280.35M
Total Cash (Recent Filing)$4.82M
Total Debt (Recent Filing)$7.97M
Price to Earnings (P/E)57.6
Beta0.75
Next Earnings
Jul 15, 2026EPS EstimateN/A
Next Dividend Ex-DateN/A
Dividend YieldN/A
Share Statistics
EPS (TTM)0.05
Shares Outstanding24,103,909
10 Day Avg. Volume55,734
30 Day Avg. Volume46,656
Financial Highlights & Ratios
PEG Ratio1.48
Price to Book (P/B)1.70
Price to Sales (P/S)9.32
P/FCF Ratio65.88
Enterprise Value/Market Cap1.01
Enterprise Value/Revenue9.15
Enterprise Value/Gross Profit15.19
Enterprise Value/Ebitda13.98
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
Bulls Say, Bears Say
Bulls Say
Balance Sheet HealthVery low leverage (debt-to-equity ~0.05) and solid ROE (~9–10%) provide durable financial flexibility. That conservative capital structure reduces refinancing and solvency risk, enables opportunistic repurchases or project funding, and supports long-term investment in water infrastructure without heavy reliance on external debt.
Strong Profitability & MarginsSustainably high gross and net margins indicate durable earnings power from utility operations and development mix. Robust margins create a cushion for capex and development timing variability, helping the company fund infrastructure investment while maintaining attractive returns even when top-line timing fluctuates.
Water Asset Capacity & Recurring RevenueLarge water asset base and multi-thousand acre‑feet capacity create a long runway for recurring utility revenue and future connection growth. Premium industrial pricing and multiyear contracts amplify per-unit cash margins, making the infrastructure footprint a durable competitive asset that can underpin steady long-term revenue.
Bears Say
Inconsistent Cash GenerationCash conversion is uneven: operating cash flow trails reported profits and free cash flow has swung negative in recent periods. Timing of working capital and capital investments drives volatility, constraining internal funding for growth, elevating reliance on refinancing or asset monetization for liquidity.
Top-Line & Margin VolatilityRevenue and reported results depend heavily on lot-delivery timing and project recognition, producing lumpy quarters. Accelerated lot deliveries can pull profits forward and later normalize, reducing predictability of revenue and margins and complicating capital planning and forecasting over medium term.
Regulatory & Large-Customer ConstraintsStructural barriers—regulatory scrutiny on rental expansion and Colorado policy/power limits for hyperscale data centers—reduce near-term optionality. These constraints limit the pace of rental scaling and the likelihood/timing of large, high-volume water contracts, capping near-term upside from big customers.
Pure Cycle News
PCYO FAQ
What was Pure Cycle Corp.’s price range in the past 12 months?
Pure Cycle Corp. lowest stock price was $9.65 and its highest was $12.15 in the past 12 months.
What is Pure Cycle Corp.’s market cap?
Pure Cycle Corp.’s market cap is $277.19M.
When is Pure Cycle Corp.’s upcoming earnings report date?
Pure Cycle Corp.’s upcoming earnings report date is Jul 15, 2026 which is in 79 days.
How were Pure Cycle Corp.’s earnings last quarter?
Pure Cycle Corp. released its earnings results on Apr 08, 2026. The company reported $0.046 earnings per share for the quarter, beating the consensus estimate of N/A by $0.046.
Is Pure Cycle Corp. overvalued?
According to Wall Street analysts Pure Cycle Corp.’s price is currently Overvalued.
Does Pure Cycle Corp. pay dividends?
Pure Cycle Corp. does not currently pay dividends.
What is Pure Cycle Corp.’s EPS estimate?
Pure Cycle Corp.’s EPS estimate for its next earnings report is not yet available.
How many shares outstanding does Pure Cycle Corp. have?
Pure Cycle Corp. has 24,103,909 shares outstanding.
What happened to Pure Cycle Corp.’s price movement after its last earnings report?
Pure Cycle Corp. reported an EPS of $0.046 in its last earnings report, beating expectations of N/A. Following the earnings report the stock price went up 0.937%.
Which hedge fund is a major shareholder of Pure Cycle Corp.?
Currently, no hedge funds are holding shares in PCYO
What is the TipRanks Smart Score and how is it calculated?
Smart Score combines eight research factors - such as analyst recommendations, hedge fund trends, and technical indicators - to measure a stock’s outlook. These signals are unified into a single score that reflects bullish or bearish momentum. See detailed methodology
Pure Cycle Stock Smart Score
Neutral
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Blogger Sentiment
Bullish
PCYO Sentiment 70%
Sector Average 70%
Sector Average 70%
Hedge Fund Trend
Decreased
By 74.0K Shares
Last Quarter.
Last Quarter.
Technicals
SMA
Positive
20 days / 200 days
Momentum
-12.58%
12-Months-Change
Fundamentals
Return on Equity
9.75%
Trailing 12-Months
Asset Growth
11.35%
Trailing 12-Months
Company Description
Pure Cycle Corp.
Pure Cycle Corporation designs, constructs, operates, and maintains water and wastewater systems in the Denver metropolitan area and Colorado Front Range in the United States. It operates in two segments, Wholesale Water and Wastewater Services, and Land Development. The company engages in the wholesale water production, storage, treatment, and distribution systems; wastewater collection and treatment systems; development of master-planned community; and oil and gas leasing business. It serves domestic, commercial, and industrial customers in the Denver metropolitan region. Pure Cycle Corporation was founded in 1976 and is based in Watkins, Colorado.
PCYO Company Deck
PCYO Earnings Call
Q2 2026
0:00 / 0:00
Earnings Call Sentiment|Positive
The call highlighted multiple operational and financial positives: sustained profitability (27 consecutive profitable quarters), mid-year pacing near 50% of guidance with maintained full-year revenue and EPS targets, strong water-asset runway and industrial water upside from recent permitting activity, meaningful land development progress (lots ahead of schedule and inventory for builders), and healthy single-family rental occupancy and recurring revenue growth. Offsetting these are timing and cadence risks: margin moderation from accelerated lot delivery, variable industrial water demand tied to oil/gas cycles (not fully take-or-pay), a deliberate pause/slowdown in rental expansion due to regulatory and return assessment, slight schedule slip on the interchange, and limited near-term prospects for large data-center users in-state due to power and policy constraints. Overall, the positives (growth, asset capacity, strong balance sheet, on-track guidance) materially outweigh the operational and timing headwinds, supporting a constructive view of the company’s near- to medium-term outlook.View all PCYO earnings summariesTechnical Analysis
Artesian Resources
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Cadiz
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Consolidated Water Co
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The York Water Company
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Global Water Resources
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Ownership Overview
17.11% Insiders
13.23% Mutual Funds
26.53% Other Institutional Investors
35.30% Public Companies and
Individual Investors
Options Prices
Currently, No data available
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