SuperworthPure Cycle profit margin PCYO
Gross, operating and net profit as a share of revenue over the last twelve months, from 2014.
- Net margin, 12 months
- 43.7%
- Operating margin, 12 months
- 37.7%
- Net margin on a year earlier
- −5.9 pts
- Peer median
- 16.5%
Over the twelve months to May 31, 2026, Pure Cycle kept 43.7% of its revenue as net profit, with an operating margin of 37.7% and a gross margin of 62.0%.
Five years earlier its net margin was 87.5%.
The median for 6 water utilities of a similar size is 16.5%.
Profit margin over time
Fiscal year by fiscal year
| Fiscal year | Net margin | Operating margin | Gross margin |
|---|---|---|---|
| FY2025 | 50.3% | 29.4% | 61.5% |
| FY2024 | 40.4% | 42.6% | 68.7% |
| FY2023 | 32.2% | 14.2% | 55.1% |
| FY2022 | 41.8% | 43.9% | 71.2% |
| FY2021 | n/a | 30.8% | 62.6% |
| FY2020 | 26.1% | 5.9% | 29.2% |
| FY2019 | 23.6% | 14.7% | 31.5% |
| FY2018 | 6.0% | −4.4% | 40.2% |
| FY2017 | n/a | n/a | 34.6% |
| FY2016 | n/a | n/a | −16.9% |
| FY2015 | n/a | n/a | 46.2% |
| FY2014 | −10.1% | −51.1% | 72.1% |
| FY2013 | n/a | −72.4% | 78.9% |
| FY2012 | n/a | n/a | 33.9% |
| FY2011 | n/a | n/a | 43.4% |
Quarter by quarter
| Quarter | Ended | Net margin, 12 months | Change on a year | Operating margin |
|---|---|---|---|---|
| Q3 FY26 | 43.7% | −5.9 pts | 37.7% | |
| Q2 FY26 | 45.8% | −1.6 pts | 38.9% | |
| Q1 FY26 | 46.6% | +0.3 pts | 35.1% | |
| Q4 FY25 | 50.3% | +9.9 pts | 29.4% | |
| Q3 FY25 | 49.6% | +18.6 pts | 34.7% | |
| Q2 FY25 | 47.4% | +12.7 pts | 37.6% | |
| Q1 FY25 | 46.3% | +10.9 pts | 41.9% | |
| Q4 FY24 | 40.4% | +8.2 pts | 42.6% | |
| Q3 FY24 | 31.0% | −10.7 pts | 23.0% | |
| Q2 FY24 | 34.7% | −2.0 pts | 27.6% | |
| Q1 FY24 | 35.4% | −5.7 pts | 28.5% | |
| Q4 FY23 | 32.2% | −9.6 pts | 14.2% |
Against its peers
Companies in Regulated Water nearest Pure Cycle's size, closest first, today.
| Company | Profit margin |
|---|---|
| PCYOPure Cycle | 43.7% |
| GWRSGlobal Water Resources | 5.2% |
| ARTNAArtesian Resources | 20.2% |
| CWCOConsolidated Water | 12.7% |
| YORWYork Water | 28.5% |
| MSEXMiddlesex Water | 23.3% |
| HTOH2O America | 12.9% |
| Peer median | 16.5% |
What the profit margin tells you
Profit as a share of revenue at three levels: gross (after making the product), operating (after running the business) and net (after everything, including tax and interest).
Compare within an industry. 10% is superb for a retailer and poor for a software company.
More on Pure Cycle
Valuation data, not investment advice. Prices as of . Reported figures come from the company's filings with the SEC.