profit from every $100 of sales.
$0$100
Pure Cycle
$10.82+0.00% today
-2.1% in 1 year
1-year low $9.851-year high $11.94
Trading in the middle of its range for the past year.
The essentials
Four questions every investor asks, answered in one line each.
more sales each year, on average, 2022 to 2025.
0%20% a year
You pay $19.89 for every $1 of profit it makes in a year.
CheapExpensive
of earnings would pay off all its debt.
No debt5 years
Money in, money out
What Pure Cycle sold, what it kept, and what it did with the cash.
Sales went from $23.0 million in 2022 to $26.1 million in 2025, with $13.1 million of profit last year.
SalesProfit
Pure Cycle handed back 11% of the cash it generated last year.
Buybacks $397,000
Free cash flow 2025$4M
Bought back its own shares$397,000
Paid as dividends–
Cash vs. debt$22M vs. $7M
Pure Cycle vs. similar companies
Pure Cycle grows in the middle of these 5 and is the cheapest for its profits.
| Company | Profit from $100 of sales | Sales growth a year | Price per $1 of profit |
|---|---|---|---|
| Pure Cycle | 19.9× · Fair price | ||
 American Water Works | 26.8× · Fair price | ||
 Essential Utilities | 21.0× · Fair price | ||
 H2O America | 28.5× · Fair price | ||
 Select Water Solutions | 116.3× · Very expensive |
AI analysis
An AI analyst reads Pure Cycle's last five years, its segments, earnings, insiders and peers, and writes the bull case, the bear case and what the price expects.
Run the AI analysisFull statementsIncome, balance sheet and cash flow, year by year
Income statement
| In millions of USD | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| 23 | 15 | 29 | 26 | |
| 16 | 8 | 20 | 16 | |
| 10 | 2 | 12 | 8 | |
| 15 | 9 | 18 | 20 | |
| 10 | 5 | 12 | 13 | |
| 0.40 | 0.19 | 0.48 | 0.54 | |
| 71.2% | 55.1% | 68.7% | 61.4% | |
| 43.9% | 14.2% | 42.6% | 29.4% | |
| 41.8% | 32.2% | 40.4% | 50.3% |
Balance sheet
| In millions of USD | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| Total assets | 129 | 133 | 147 | 162 |
| Cash | 35 | 26 | 22 | 22 |
| Total debt | 4 | 7 | 7 | 7 |
| Total liabilities | 16 | 15 | 18 | 20 |
| 113 | 118 | 130 | 143 | |
| 24 | 24 | 24 | 24 | |
| 8.6% | 4.0% | 9.3% | 9.5% | |
| 8.5% | 4.0% | 9.0% | 9.2% |
Cash flow
| In millions of USD | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| 17 | -2 | 2 | 13 | |
| 6 | 8 | 2 | 9 | |
| 12 | -10 | -0 | 4 | |
| Dividends paid | – | – | – | – |
| – | 0 | 1 | 0 | |
| 1 | 1 | 0 | 0 |
Valuation
- 19.9×
- –
- 1.89
- 1.6×
- 10.0×
- 70.6×
- 12.2×
- 1.4%
- 5.0%
- 0.0%
Profitability
- 61.4%
- 29.4%
- 50.3%
- 65.5%
- 5.6%
- 9.8%
- 9.8%
- 8.4%
- 7.6%
- –
Growth
- +4.3%
- +10.5%
- +900.7%
- –
- +0.2%
Financial health
- 0.2×
- 0.05
- 4.8%
- 26.9×
- 1.39
- 0.83
- 0.18
How it ranks in Utilities
Each dot is where the company stands among every company over $300M in the sector. Further right is better.
Top 46%of 397
Top 21%of 392
Bottom 44%of 363
Top 50%of 397
Top 49%of 396
Recent earnings
Our results feed has not updated since May 21, 2026. Results reported after that are not in this table yet.
| Date | EPS | Expected | Surprise |
|---|---|---|---|
| Apr 8, 2026 | 0.05 | – | – |
| Jan 7, 2026 | 0.19 | – | – |
| Nov 12, 2025 | 0.25 | – | – |
| Jul 9, 2025 | 0.09 | – | – |
| Apr 9, 2025 | 0.03 | – | – |
| Jan 8, 2025 | 0.16 | – | – |
| Nov 13, 2024 | 0.27 | – | – |
| Jul 10, 2024 | 0.12 | – | – |
News
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Our insider feed has not updated since May 26, 2026. Trades filed after that are not listed yet.
No insider trades on file.
The seven classic investing rulebooks
2/7Passes 2 of 7. Each bar is how well the company fits that investor's published rules, from 0 to 100; 60 or more counts as a pass.
Warren Buffett
57No pass
Benjamin Graham
70Pass
Philip Fisher
69Pass
Peter Lynch
52No pass
Joel Greenblatt
37No pass
Charlie Munger
59No pass
Terry Smith
44No pass
Questions about Pure Cycle
Is Pure Cycle a good stock to buy?
A strong, very profitable business at a fair price. 2 of the 7 famous investors' published rulebooks we apply pass it. Whether it suits you depends on your goals and the price you pay; invest-like never tells anyone to buy or sell. The AI analysis lays out the case for and against. Read the Pure Cycle AI analysis
What does Pure Cycle do?
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. It is in Regulated Water.
Does Pure Cycle pay a dividend?
No. Pure Cycle does not pay a dividend at the moment; in 2025 it returned $397,000 to shareholders by buying back its own shares.
Is Pure Cycle stock halal?
Yes. Pure Cycle passes our halal screen: its business is permitted and its debt is 3% of its market value, under the 30% limit. How we check
How has Pure Cycle stock done over the past year?
Down 2.1% over the past twelve months, to $10.82. It traded between $9.85 and $11.94 and is 9.4% below its high.
Who are Pure Cycle's competitors?
The largest listed companies in the same industry are American Water Works, Essential Utilities, H2O America and Select Water Solutions. The peers table on this page compares their profit, growth and price with Pure Cycle's.
Prices: daily closes to Nov 13, 2026. Fundamentals: company reports via invest-like data.