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Pure Cycle Valuation Multiples
Discover revenue and EBITDA valuation multiples for Pure Cycle and similar public comparables like CGE Transmision, ALTEO Energy Services, Tallinna Vesi, Amber Grid and more.
Pure Cycle Overview
About Pure Cycle
Pure Cycle Corp is a diversified land and water resource development company. The company designs, constructs, manages, operates, and maintains water and wastewater systems. The firm operates in three business segments namely Water and wastewater resource development, Land development, and the Single-Family Rental Segment. It generates maximum revenue from the Land development segment. The land resource development segment includes all the activities necessary to develop and sell finished lots.
Founded
1976
HQ

Employees
44
Website
Sectors
Financials (FY)
EV
$280M
Pure Cycle Financials
Pure Cycle reported last fiscal year revenue of $26M and EBITDA of $20M.
In the same fiscal year, Pure Cycle generated $16M in gross profit, $20M in EBITDA, and $13M in net income.
Revenue (LTM)
Pure Cycle P&L
In the most recent fiscal year, Pure Cycle reported revenue of $26M and EBITDA of $20M.
Pure Cycle expects next 12-month revenue of XXX and NTM EBITDA of XXX
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue | — | XXX | $26M | XXX | XXX | XXX |
| Gross Profit | — | XXX | $16M | XXX | XXX | XXX |
| Gross Margin | — | XXX | 61% | XXX | XXX | XXX |
| EBITDA | — | XXX | $20M | XXX | XXX | XXX |
| EBITDA Margin | — | XXX | 77% | XXX | XXX | XXX |
| EBIT Margin | — | XXX | 29% | XXX | XXX | XXX |
| Net Profit | — | XXX | $13M | XXX | XXX | XXX |
| Net Margin | — | XXX | 50% | XXX | XXX | XXX |
Financial data powered by Morningstar, Inc.
Pure Cycle Stock Performance
Pure Cycle has current market cap of $276M, and enterprise value of $280M.
Market Cap Evolution
Pure Cycle's stock price is $11.47.
| EV | Market Cap | Price 1D | Price 1M | Price 3M | Price 12M | EPS |
|---|---|---|---|---|---|---|
| $280M | $276M | 0.0% | XXX | XXX | XXX | $0.54 |
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Start Free TrialPure Cycle Valuation Multiples
Pure Cycle trades at 10.7x EV/Revenue multiple, and 13.8x EV/EBITDA.
EV / Revenue (LTM)
Pure Cycle Financial Valuation Multiples
As of April 20, 2026, Pure Cycle has market cap of $276M and EV of $280M.
Equity research analysts estimate Pure Cycle's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
Pure Cycle has a P/E ratio of 21.1x.
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Market cap (current) | $276M | XXX | $276M | XXX | XXX | XXX |
| EV (current) | $280M | XXX | $280M | XXX | XXX | XXX |
| EV/Revenue | — | XXX | 10.7x | XXX | XXX | XXX |
| EV/EBITDA | — | XXX | 13.8x | XXX | XXX | XXX |
| EV/EBIT | — | XXX | 36.5x | XXX | XXX | XXX |
| EV/Gross Profit | — | XXX | 17.4x | XXX | XXX | XXX |
| P/E | — | XXX | 21.1x | XXX | XXX | XXX |
| EV/FCF | — | XXX | 75.8x | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Verified Pure Cycle Valuation Multiples
Access all public comps and forward-looking valuation multiples like EV/Revenue in 2027, based on consensus analyst estimates. Powered by FactSet and Morningstar.


Pure Cycle Margins & Growth Rates
Pure Cycle's revenue in the last fiscal year declined by (6%).
Pure Cycle's revenue per employee in the last FY averaged $0.6M, while opex per employee averaged $0.2M for the same period.
Pure Cycle Operational Valuation Multiples
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue Growth | — | XXX | (6%) | XXX | XXX | XXX |
| EBITDA Margin | — | XXX | 77% | XXX | XXX | XXX |
| EBITDA Growth | — | XXX | 7% | XXX | XXX | XXX |
| Revenue per Employee | — | XXX | $0.6M | XXX | XXX | XXX |
| Opex per Employee | — | XXX | $0.2M | XXX | XXX | XXX |
| G&A Expenses to Revenue | — | XXX | 30% | XXX | XXX | XXX |
| Opex to Revenue | — | XXX | 32% | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Pure Cycle Public Comps
See public comps and valuation multiples for other Utilities comps.
| EV/Revenue | EV/EBITDA | |||||
|---|---|---|---|---|---|---|
| LTM | 2026E | 2027E | LTM | 2026E | 2027E | |
| Pure Cycle | XXX | XXX | XXX | XXX | XXX | XXX |
| CGE Transmision | XXX | XXX | XXX | XXX | XXX | XXX |
| ALTEO Energy Services | XXX | XXX | XXX | XXX | XXX | XXX |
| Tallinna Vesi | XXX | XXX | XXX | XXX | XXX | XXX |
| Amber Grid | XXX | XXX | XXX | XXX | XXX | XXX |
| Ze Pak | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc.
Pure Cycle M&A Activity
Pure Cycle acquired XXX companies to date.
Last acquisition by Pure Cycle was on XXXXXXXX, XXXXX. Pure Cycle acquired XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Acquisitions by Pure Cycle
| Acquired Company | Valuation | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
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Start Free TrialPure Cycle Investment Activity
Pure Cycle invested in XXX companies to date.
Pure Cycle made its latest investment on XXXXXXXX, XXXXX. Pure Cycle invested in XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Investments by Pure Cycle
| Company | Valuation | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
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Start Free TrialAbout Pure Cycle
| When was Pure Cycle founded? | Pure Cycle was founded in 1976. |
| Where is Pure Cycle headquartered? | Pure Cycle is headquartered in United States. |
| How many employees does Pure Cycle have? | As of today, Pure Cycle has over 44 employees. |
| Who is the CEO of Pure Cycle? | Pure Cycle's CEO is Mark W. Harding. |
| Is Pure Cycle publicly listed? | Yes, Pure Cycle is a public company listed on Nasdaq. |
| What is the stock symbol of Pure Cycle? | Pure Cycle trades under PCYO ticker. |
| When did Pure Cycle go public? | Pure Cycle went public in 1994. |
| Who are competitors of Pure Cycle? | Pure Cycle main competitors are CGE Transmision, ALTEO Energy Services, Tallinna Vesi, Amber Grid. |
| What is the current market cap of Pure Cycle? | Pure Cycle's current market cap is $276M. |
| What is the current revenue of Pure Cycle? | Pure Cycle's last fiscal year revenue is $26M. |
| What is the current EV/Revenue multiple of Pure Cycle? | Current revenue multiple of Pure Cycle is 10.7x. |
| Is Pure Cycle profitable? | No, Pure Cycle is not profitable. |
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