# Pure Cycle Corporation (PCYO)

- Sector: Utilities · Industry: Utilities Regulated Water
- SEC CIK: 0000276720 ([filings on EDGAR](https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=0000276720))
- Full page: https://inspectstocks.com/stocks/pcyo
- Data as of: price 2026-09-29; newest filing used 2026-07-08; latest fiscal period ended 2026-05-31

## Grade

**B+** on the growth-and-cash rubric, 4 of 5 checks passed.

| Check | Result | Now | Before |
| --- | --- | --- | --- |
| Revenue growing overall | passed | $33.7M | $22.1M |
| Revenue growing recently | passed | $33.7M | $26.1M |
| Free cash flow positive | passed | $6.5M |  |
| Free cash flow growing overall | passed | $6.5M | -$2.7M |
| Free cash flow growing recently | failed | $6.5M | $12.3M |

Business quality (the + / − mark): 5 of 6 checks passed.

| Check | Result | Now | Before |
| --- | --- | --- | --- |
| Profitable | passed | 43.7% |  |
| Healthy profit margin | passed | 43.7% |  |
| Strong operating margin | passed | 37.7% |  |
| Good return on equity | failed | 10.3% |  |
| Debt under control | passed | 0.05 |  |
| Turns sales into cash | passed | 19.2% |  |

How the grade works: the letter counts failed checks (none → A, one → B, two → C, three → D, four or more → F). It is built from SEC filings only — the share price never enters it — and describes the business, not whether the stock is worth buying.

## Key figures

In US dollars, as filed.

| Measure | Value |
| --- | --- |
| Revenue, trailing twelve months | $33.7M |
| Net income, trailing twelve months | $14.7M |
| Free cash flow, trailing twelve months | $6.5M |
| Net margin | 43.7% |
| Operating margin | 37.7% |
| Return on equity | 10.3% |
| Debt to equity | 0.05 |
| Diluted EPS, trailing twelve months | $0.61 |
| Share price | $11.00 |
| Market value | $265M |
| Price / earnings | 18.0x |
| Price / sales | 7.9x |

## More on this company

- [Overview](https://inspectstocks.com/stocks/pcyo)
- [Financial statements](https://inspectstocks.com/stocks/pcyo/financials)
- [Competitors](https://inspectstocks.com/stocks/pcyo/peers)
- [Earnings](https://inspectstocks.com/stocks/pcyo/earnings)

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Source: InspectStocks, built from the company’s own SEC filings. This describes a business — it is not investment advice and not a recommendation to buy or sell anything.