Global Water Resources vs Pure Cycle
Global Water Resources is the larger business, with $55.8m of revenue in fiscal 2025 against $26.1m for Pure Cycle (2.1 times as much). Global Water Resources grew faster (5.8% against -9.3%). Pure Cycle kept more of each dollar of sales as profit: a net margin of 50.3% against 5.3%.
| Latest fiscal year | Global Water ResourcesGWRS, 2025 | Pure CyclePCYO, 2025 |
|---|---|---|
| Revenue | $55.8m | $26.1m |
| Revenue growth | 5.8% | -9.3% |
| Net income | $3.0m | $13.1m |
| Operating margin | 12.8% | — |
| Net margin | 5.3% | 50.3% |
| Return on equity | 4.4% | 9.6% |
| Free cash flow | −$47.2m | $12.3m |
| Cash | $4.1m | $21.9m |
| Total debt | $134m | $7.2m |
| Debt to equity | 155.3% | — |
| Dividend per share | $0.30 | — |
| Dividend yield | 3.7% | — |
| Share buybacks | — | $397,000 |
| Employees | — | 44 |
| Market value | $233m | $254m |
| Price vs our value range | — | Within our value range |
| Moat score | 37 (Weak) | 54 (Moderate) |
| Insider trades, 12 months | 10 buys, 0 sales | 0 buys, 1 sales |