PCYO vs. SBS

Last updated Apr 1, 2026

Compare and contrast key facts about Pure Cycle Corporation (PCYO) and Companhia de Saneamento Básico do Estado de São Paulo - SABESP (SBS).

Performance

PCYO vs. SBS - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Pure Cycle Corporation (PCYO) and Companhia de Saneamento Básico do Estado de São Paulo - SABESP (SBS). The values are adjusted to include any dividend payments, if applicable.

PCYO vs. SBS - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
PCYO Pure Cycle Corporation	-8.46%	-13.33%	21.11%	-0.10%	-28.22%	30.01%	-10.80%	26.79%	18.92%	51.82%
SBS Companhia de Saneamento Básico do Estado de São Paulo - SABESP	28.84%	80.60%	-4.21%	46.89%	48.42%	-13.79%	-40.98%	91.22%	-20.37%	23.83%

Fundamentals

Market Cap PCYO : $243.01M SBS : $20.88B
EPS PCYO : $0.57 SBS : $12.14
PE Ratio PCYO : 17.69 SBS : 2.51
PEG Ratio PCYO : 1.41 SBS : 0.05
PS Ratio PCYO : 8.25 SBS : 0.56
PB Ratio PCYO : 1.65 SBS : 0.49
Total Revenue (TTM) PCYO : $29.47M SBS : $37.34B
Gross Profit (TTM) PCYO : $17.37M SBS : $13.68B
EBITDA (TTM) PCYO : $21.04M SBS : $14.20B

Returns By Period

In the year-to-date period, PCYO achieves a -8.46% return, which is significantly lower than SBS's 28.84% return. Over the past 10 years, PCYO has underperformed SBS with an annualized return of 8.31%, while SBS has yielded a comparatively higher 19.90% annualized return.

PCYO

• 1D: 0.40%
• 1M: -4.82%
• YTD: -8.46%
• 6M: -9.12%
• 1Y: -3.92%
• 3Y*: 2.11%
• 5Y*: -5.66%
• 10Y*: 8.31%

SBS

• 1D: 3.67%
• 1M: 2.39%
• YTD: 28.84%
• 6M: 29.57%
• 1Y: 86.69%
• 3Y*: 51.63%
• 5Y*: 37.85%
• 10Y*: 19.90%

*Multi-year figures are annualized to reflect compound growth (CAGR)

Return for Risk

PCYO vs. SBS — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

PCYO

PCYO Risk / Return Rank: 30
PCYO Sharpe Ratio Rank: 35
PCYO Sortino Ratio Rank: 30
PCYO Omega Ratio Rank: 30
PCYO Calmar Ratio Rank: 30
PCYO Martin Ratio Rank: 27

SBS

SBS Risk / Return Rank: 94
SBS Sharpe Ratio Rank: 95
SBS Sortino Ratio Rank: 93
SBS Omega Ratio Rank: 91
SBS Calmar Ratio Rank: 96
SBS Martin Ratio Rank: 95

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

PCYO vs. SBS - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Pure Cycle Corporation (PCYO) and Companhia de Saneamento Básico do Estado de São Paulo - SABESP (SBS). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

	PCYO	SBS	Difference
Sharpe ratio Return per unit of total volatility	-0.13	2.62	-2.76
Sortino ratio Return per unit of downside risk	0.01	3.26	-3.25
Omega ratio Gain probability vs. loss probability	1.00	1.41	-0.41
Calmar ratio Return relative to maximum drawdown	-0.36	6.38	-6.74
Martin ratio Return relative to average drawdown	-0.86	16.30	-17.16
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

PCYO vs. SBS - Sharpe Ratio Comparison

The current PCYO Sharpe Ratio is -0.13, which is lower than the SBS Sharpe Ratio of 2.62. The chart below compares the historical Sharpe Ratios of PCYO and SBS, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	PCYO	SBS	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.13	2.62	-2.76
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	-0.18	1.03	-1.20
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.23	0.46	-0.22
Sharpe Ratio (All Time) Calculated using the full available price history	0.06	0.37	-0.31

Correlation

The correlation between PCYO and SBS is 0.08, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.

Dividends

PCYO vs. SBS - Dividend Comparison

PCYO has not paid dividends to shareholders, while SBS's dividend yield for the trailing twelve months is around 4.17%.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
PCYO Pure Cycle Corporation	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
SBS Companhia de Saneamento Básico do Estado de São Paulo - SABESP	4.17%	4.68%	1.96%	1.66%	1.88%	0.97%	2.93%	1.99%	3.86%	2.76%	0.65%	1.91%

Drawdowns

PCYO vs. SBS - Drawdown Comparison

The maximum PCYO drawdown since its inception was -89.13%, which is greater than SBS's maximum drawdown of -76.49%. Use the drawdown chart below to compare losses from any high point for PCYO and SBS.

Drawdown Indicators

	PCYO	SBS	Difference
Max Drawdown Largest peak-to-trough decline	-89.13%	-76.49%	-12.64%
Max Drawdown (1Y) Largest decline over 1 year	-17.50%	-13.39%	-4.11%
Max Drawdown (5Y) Largest decline over 5 years	-52.49%	-30.35%	-22.14%
Max Drawdown (10Y) Largest decline over 10 years	-52.49%	-61.91%	+9.42%
Current Drawdown Current decline from peak	-38.81%	0.00%	-38.81%
Average Drawdown Average peak-to-trough decline	-52.56%	-25.83%	-26.73%
Ulcer Index Depth and duration of drawdowns from previous peaks	7.25%	5.24%	+2.01%

Volatility

PCYO vs. SBS - Volatility Comparison

The current volatility for Pure Cycle Corporation (PCYO) is 7.83%, while Companhia de Saneamento Básico do Estado de São Paulo - SABESP (SBS) has a volatility of 14.20%. This indicates that PCYO experiences smaller price fluctuations and is considered to be less risky than SBS based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	PCYO	SBS	Difference
Volatility (1M) Calculated over the trailing 1-month period	7.83%	14.20%	-6.37%
Volatility (6M) Calculated over the trailing 6-month period	18.94%	23.58%	-4.64%
Volatility (1Y) Calculated over the trailing 1-year period	29.41%	33.23%	-3.82%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	32.31%	37.08%	-4.77%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	35.69%	43.62%	-7.93%

Financials

PCYO vs. SBS - Profitability Comparison

The chart below illustrates the profitability comparison between Pure Cycle Corporation and Companhia de Saneamento Básico do Estado de São Paulo - SABESP over time, highlighting three key metrics: Gross Profit Margin, Operating Margin, and Net Profit Margin.

PCYO - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Apr 2026, Pure Cycle Corporation reported a gross profit of 6.25M and revenue of 9.14M. Therefore, the gross margin over that period was 68.4%.

SBS - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Apr 2026, Companhia de Saneamento Básico do Estado de São Paulo - SABESP reported a gross profit of 3.42B and revenue of 10.53B. Therefore, the gross margin over that period was 32.5%.

PCYO - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Apr 2026, Pure Cycle Corporation reported an operating income of 4.38M and revenue of 9.14M, resulting in an operating margin of 48.0%.

SBS - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Apr 2026, Companhia de Saneamento Básico do Estado de São Paulo - SABESP reported an operating income of 3.30B and revenue of 10.53B, resulting in an operating margin of 31.4%.

PCYO - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Apr 2026, Pure Cycle Corporation reported a net income of 4.57M and revenue of 9.14M, resulting in a net margin of 50.0%.

SBS - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Apr 2026, Companhia de Saneamento Básico do Estado de São Paulo - SABESP reported a net income of 2.52B and revenue of 10.53B, resulting in a net margin of 23.9%.