Flags

Earnings warning

Pure Cycle

NAQ:PCYO · US7462283034

Water UtilitiesSmall

360

Medium confidence — indicative

Value34

Profit price4

Cash yield21

Owner Earnings Yield41

Dividend Yield1

Sales & asset price38

Price/Sales5

EV / Gross Profit34

Price/Book74

Quality50

Returns on capital66

Return on Capital81

Cash Return on Capital41

Return on Equity75

Profit margins83

EBIT Margin97

Gross Profitability69

Cash backing28

Cash Conversion16

Accruals5

Owner Earnings Margin63

Growth44

Sales growth78

Profit growth39

Profit Growth45

Long-Term EPS Growth59

Owner Earnings Growth14

Reinvestment85

Price momentum33

Safety80

Debt load93

Debt serviceability58

Refinancing49

Debt Payback67

Liquidity100

Sentiment55

Analyst ratings—

Expectations trend—

Market mood13

Value Creation14/20strong value creator

Creates more value than its capital costs
Owner earnings growing
Owner earnings per share growing
Reinvests at strong returns
Solid earnings base

What this means

Pure Cycle generates returns well above its cost of capital, the foundation of durable shareholder value.

Profile

CountryUSA

IndustryWater Utilities

SizeSmall

TypePublic Company

ExchangeNASDAQCM

Founded1976

Employees26

Websitepurecyclewater.com

ISINUS7462283034

Last UpdateApr 2, 2026

Indices

NASDAQ (USA)

Themes

Water PurificationCleanTechReal Estate TechnologyEnvironmental EngineeringSmart Water Networks (SWN)Agriculture

Description

Pure Cycle Corporation operates as a water and wastewater service provider, land developer, and home rental company. The company provides wholesale water and wastewater services in the Denver, Colorado area, develops land it owns into master-planned…

Analysis

Hope premium

Pure Cycle Corporation is priced well ahead of what the underlying numbers justify, a pattern we describe as a hope premium. Worth noting: the cash the business generates has lagged behind what the income statement shows.

On valuation, the picture is expensive. The owner-earnings multiple stands at 129.0×; owner earnings: the cash an owner could take out each year.

Growth is moderate; the safety picture is sturdy. The company scores 14/20 on our value-creation score: strong value creator.

Flags to be aware of: Reported profits have run ahead of actual cash for several periods. As always: this describes the company's numbers; it is not a recommendation.

360° rank · history

1007550250

20232026

All-time high

Mar 2026

All-time low

Jun 2026

Average rank

across all years

Detailed & Historical Ranks

Deep dive into 15 detailed ranks and 3 years of history.

Current202520242023

Price/Sales

—

Price/Earnings

—

Price/Book

—

Dividend Yield

—

Value (overall)

—

Cells are coloured by rank band (red weak → green strong). Sentiment & 360° history begins 2023.

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Make Sense of the Ranks

Every rank runs 1–100 against true peers. Higher is always better.

360° View

1 · Watch OutGood· 100

Value

1 · ExpensiveGood Value· 100

Quality

1 · Weak FundamentalsHigh Quality· 100

Growth

1 · Tough TimesHigh Growth· 100

Safety

1 · High LeverageWell-Financed· 100

Sentiment

1 · SkepticismPositive· 100

Learn More →