Pure Cycle Corporation
Pure Cycle Corporation provides water and wastewater services in the United States. It operates in three segments: Water and Wastewater Resource Development, Land Development, and Single-Family Rental. The company engages in the wholesale water production, storage, treatment, and distribution systems; wastewater collection and treatment systems; development of land into master planned communities… Read more
Pure Cycle Corporation (PCYO) - Net Assets
Latest net assets as of November 2025: $147.49 Million USD
Based on the latest financial reports, Pure Cycle Corporation (PCYO) has net assets worth $147.49 Million USD as of November 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($168.07 Million) and total liabilities ($20.58 Million). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $147.49 Million |
| % of Total Assets | 87.75% |
| Annual Growth Rate | 9.6% |
| 5-Year Change | 38.93% |
| 10-Year Change | 106.87% |
| Growth Volatility | 73.02 |
Pure Cycle Corporation - Net Assets Trend (1995–2025)
This chart illustrates how Pure Cycle Corporation's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Pure Cycle Corporation (1995–2025)
The table below shows the annual net assets of Pure Cycle Corporation from 1995 to 2025.
| Year | Net Assets | Change |
|---|---|---|
| 2025-08-31 | $142.74 Million | +10.05% |
| 2024-08-31 | $129.70 Million | +9.70% |
| 2023-08-31 | $118.23 Million | +4.64% |
| 2022-08-31 | $113.00 Million | +9.98% |
| 2021-08-31 | $102.74 Million | +25.23% |
| 2020-08-31 | $82.04 Million | +9.79% |
| 2019-08-31 | $74.73 Million | +7.60% |
| 2018-08-31 | $69.45 Million | +2.88% |
| 2017-08-31 | $67.51 Million | -2.16% |
| 2016-08-31 | $69.00 Million | -1.55% |
| 2015-08-31 | $70.09 Million | -23.01% |
| 2014-08-31 | $91.03 Million | +141.00% |
| 2013-08-31 | $37.77 Million | +25.42% |
| 2012-08-31 | $30.12 Million | -36.31% |
| 2011-08-31 | $47.29 Million | +11.38% |
| 2010-08-31 | $42.46 Million | -11.11% |
| 2009-08-31 | $47.77 Million | -10.15% |
| 2008-08-31 | $53.17 Million | -8.09% |
| 2007-08-31 | $57.84 Million | +44.37% |
| 2006-08-31 | $40.07 Million | +160.98% |
| 2005-08-31 | $15.35 Million | +15.23% |
| 2004-08-31 | $13.32 Million | +204.09% |
| 2003-08-31 | $4.38 Million | +4.26% |
| 2002-08-31 | $4.20 Million | -5.51% |
| 2001-08-31 | $4.45 Million | -70.62% |
| 2000-08-31 | $15.14 Million | +276.80% |
| 1999-08-31 | $4.02 Million | -6.33% |
| 1998-08-31 | $4.29 Million | -1.71% |
| 1997-08-31 | $4.36 Million | -6.60% |
| 1996-08-31 | $4.67 Million | -48.83% |
| 1995-08-31 | $9.13 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Pure Cycle Corporation's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have decreased by 2674601300.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (August 2025)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | $80.00K | 0.06% |
| Other Components | $175.45 Million | 122.92% |
| Total Equity | $142.74 Million | 100.00% |
Pure Cycle Corporation Competitors by Market Cap
The table below lists competitors of Pure Cycle Corporation ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Yunnan Jianzhijia Health-Chain Co Ltd
SHG:605266
|
$193.12 Million |
|
Datawalk SA
WAR:DAT
|
$193.14 Million |
|
Rackspace Technology Inc
NASDAQ:RXT
|
$193.15 Million |
|
Backblaze Inc
NASDAQ:BLZE
|
$193.20 Million |
|
Sky Gold Limited
NSE:SKYGOLD
|
$193.03 Million |
|
CONCURRENT TECH. LS-01
F:FJV
|
$192.98 Million |
|
John Mattson Fastighetsföretagen AB (publ)
F:AR5
|
$192.97 Million |
|
STROEER (UNSP.ARD)/4/1
F:SAXB
|
$192.95 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Pure Cycle Corporation's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 129,702,000 to 142,738,000, a change of 13,036,000 (10.1%).
- Net income of 13,110,000 contributed positively to equity growth.
- Share repurchases of 397,000 reduced equity.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $13.11 Million | +9.18% |
| Share Repurchases | $397.00K | -0.28% |
| Other Changes | $323.00K | +0.23% |
| Total Change | $- | 10.05% |
Book Value vs Market Value Analysis
This analysis compares Pure Cycle Corporation's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 1.77x
- The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
- The price-to-book ratio has decreased from 16.01x to 1.77x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 1995-08-31 | $0.65 | $10.43 | x |
| 1996-08-31 | $0.60 | $10.43 | x |
| 1997-08-31 | $0.56 | $10.43 | x |
| 1998-08-31 | $0.55 | $10.43 | x |
| 1999-08-31 | $0.51 | $10.43 | x |
| 2000-08-31 | $0.52 | $10.43 | x |
| 2001-08-31 | $0.57 | $10.43 | x |
| 2002-08-31 | $0.54 | $10.43 | x |
| 2003-08-31 | $0.56 | $10.43 | x |
| 2004-08-31 | $1.50 | $10.43 | x |
| 2005-08-31 | $1.12 | $10.43 | x |
| 2006-08-31 | $2.73 | $10.43 | x |
| 2007-08-31 | $3.11 | $10.43 | x |
| 2008-08-31 | $2.63 | $10.43 | x |
| 2009-08-31 | $2.36 | $10.43 | x |
| 2010-08-31 | $2.10 | $10.43 | x |
| 2011-08-31 | $2.04 | $10.43 | x |
| 2012-08-31 | $1.25 | $10.43 | x |
| 2013-08-31 | $1.57 | $10.43 | x |
| 2014-08-31 | $3.79 | $10.43 | x |
| 2015-08-31 | $2.92 | $10.43 | x |
| 2016-08-31 | $2.90 | $10.43 | x |
| 2017-08-31 | $2.84 | $10.43 | x |
| 2018-08-31 | $2.90 | $10.43 | x |
| 2019-08-31 | $3.11 | $10.43 | x |
| 2020-08-31 | $3.41 | $10.43 | x |
| 2021-08-31 | $4.26 | $10.43 | x |
| 2022-08-31 | $4.68 | $10.43 | x |
| 2023-08-31 | $4.90 | $10.43 | x |
| 2024-08-31 | $5.37 | $10.43 | x |
| 2025-08-31 | $5.91 | $10.43 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Pure Cycle Corporation utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 9.18%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 50.25%
- • Asset Turnover: 0.16x
- • Equity Multiplier: 1.14x
- Recent ROE (9.18%) is above the historical average (-6.20%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 1995 | -10.09% | 0.00% | 0.00x | 2.42x | $-1.03 Million |
| 1996 | -9.76% | 0.00% | 0.00x | 4.00x | $-922.81K |
| 1997 | -8.10% | -366.03% | 0.01x | 4.39x | $-789.59K |
| 1998 | -12.26% | -2072.78% | 0.00x | 4.51x | $-954.62K |
| 1999 | -8.99% | -72.50% | 0.02x | 5.04x | $-762.99K |
| 2000 | -2.05% | -9.05% | 0.05x | 5.03x | $-487.57K |
| 2001 | -1.17% | -5.99% | 0.04x | 4.51x | $-496.81K |
| 2002 | -5.83% | -119.67% | 0.01x | 4.77x | $-665.40K |
| 2003 | -7.33% | -142.41% | 0.01x | 4.66x | $-759.19K |
| 2004 | -14.83% | -963.94% | 0.01x | 1.92x | $-3.31 Million |
| 2005 | -6.84% | -447.84% | 0.01x | 1.70x | $-2.59 Million |
| 2006 | -1.98% | -291.85% | 0.00x | 3.23x | $-4.80 Million |
| 2007 | -11.95% | -2602.70% | 0.00x | 1.93x | $-12.70 Million |
| 2008 | -13.03% | -2452.55% | 0.00x | 2.07x | $-12.24 Million |
| 2009 | -11.99% | -2201.32% | 0.00x | 2.26x | $-10.50 Million |
| 2010 | -12.70% | -2041.32% | 0.00x | 2.51x | $-9.64 Million |
| 2011 | -12.72% | -2132.38% | 0.00x | 2.46x | $-10.75 Million |
| 2012 | -57.84% | -6125.05% | 0.00x | 3.70x | $-20.43 Million |
| 2013 | -10.99% | -223.45% | 0.02x | 2.88x | $-7.93 Million |
| 2014 | -0.34% | -10.08% | 0.03x | 1.19x | $-9.41 Million |
| 2015 | -32.58% | -982.70% | 0.03x | 1.04x | $-29.84 Million |
| 2016 | -1.90% | -289.85% | 0.01x | 1.03x | $-8.21 Million |
| 2017 | -2.53% | -139.35% | 0.02x | 1.03x | $-8.46 Million |
| 2018 | 0.60% | 5.96% | 0.10x | 1.04x | $-6.53 Million |
| 2019 | 6.44% | 23.63% | 0.24x | 1.12x | $-2.66 Million |
| 2020 | 8.23% | 26.11% | 0.29x | 1.09x | $-1.45 Million |
| 2021 | 19.57% | 117.43% | 0.15x | 1.14x | $9.84 Million |
| 2022 | 8.51% | 41.82% | 0.18x | 1.14x | $-1.68 Million |
| 2023 | 3.97% | 32.22% | 0.11x | 1.13x | $-7.12 Million |
| 2024 | 8.95% | 40.40% | 0.20x | 1.14x | $-1.36 Million |
| 2025 | 9.18% | 50.25% | 0.16x | 1.14x | $-1.16 Million |
Industry Comparison
This section compares Pure Cycle Corporation's net assets metrics with peer companies in the Utilities - Regulated Water industry.
Industry Context
- Industry: Utilities - Regulated Water
- Average net assets among peers: $3,225,632,883
- Average return on equity (ROE) among peers: -36.40%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Pure Cycle Corporation (PCYO) | $147.49 Million | -10.09% | 0.14x | $193.03 Million |
| American Energy Partners Inc (AEPT) | $2.39 Million | -209.56% | 6.60x | $150.58K |
| Aris Water Solutions Inc (ARIS) | $16.05 Million | -4.69% | 1.06x | $577.25 Million |
| Artesian Resources Corporation (ARTNA) | $139.02 Million | 9.32% | 2.24x | $295.24 Million |
| SIIC Environment Holdings Ltd (AWAEF) | $15.29 Billion | 3.95% | 1.79x | $59.96 Million |
| American Water Works (AWK) | $364.50 Million | 12.87% | 2.79x | $26.06 Billion |
| Beijing Enterprises Water Group Limited (BJWTY) | $15.92 Billion | 6.81% | 1.77x | $3.33 Billion |
| Cadiz Inc (CDZI) | $18.97 Million | -121.40% | 1.43x | $284.80 Million |
| Clean Teq Water Ltd (CNQQF) | $3.98 Million | -76.35% | 2.11x | $9.48 Million |
| Consolidated Water Co Ltd (CWCO) | $107.34 Million | 7.01% | 0.29x | $468.34 Million |
| California Water Service Group (CWT) | $389.18 Million | 8.01% | 2.04x | $2.62 Billion |