WallStSmart

H2O America (HTO)vsPure Cycle Corporation (PCYO)

VS

Smart Verdict

WallStSmart Research — data-driven comparison

H2O America generates 2617% more annual revenue ($800.59M vs $29.47M). PCYO leads profitability with a 46.6% profit margin vs 12.8%. PCYO trades at a lower P/E of 18.1x. PCYO earns a higher WallStSmart Score of 61/100 (C+).

HTO

Hold

49

out of 100

Grade: D+

Growth: 3.3Profit: 5.5Value: 7.3Quality: 5.0

PCYO

Buy

61

out of 100

Grade: C+

Growth: 7.3Profit: 8.0Value: 8.3Quality: 8.0
Piotroski: 3/9Altman Z: 4.77
IV

Intrinsic Value Comparison

Multi-model valuation · Graham Formula

HTOSignificantly Overvalued (-161.7%)

Margin of Safety

-161.7%

Fair Value

$19.86

Current Price

$56.72

$36.86 premium

UndervaluedFair: $19.86Overvalued
PCYOUndervalued (+49.0%)

Margin of Safety

+49.0%

Fair Value

$20.75

Current Price

$9.88

$10.87 discount

UndervaluedFair: $20.75Overvalued

Key Strengths & Concerns

Side-by-side fundamental analysis

Key Strengths

HTO1 strengths · Avg: 10.0/10
Price/BookValuation
1.3x10/10

Reasonable price relative to book value

PCYO6 strengths · Avg: 9.7/10
Profit MarginProfitability
46.6%10/10

Keeps 47 of every $100 in revenue as profit

Operating MarginProfitability
48.0%10/10

Strong operational efficiency at 48.0%

Revenue GrowthGrowth
58.8%10/10

Revenue surging 58.8% year-over-year

Debt/EquityHealth
0.0510/10

Conservative balance sheet, low leverage

Altman Z-ScoreHealth
4.7710/10

Safe zone — low bankruptcy risk

Price/BookValuation
1.6x8/10

Reasonable price relative to book value

Areas to Watch

HTO4 concerns · Avg: 2.8/10
PEG RatioValuation
2.494/10

Expensive relative to growth rate

Return on EquityProfitability
7.1%3/10

ROE of 7.1% — below average capital efficiency

Revenue GrowthGrowth
-1.8%2/10

Revenue declined 1.8%

EPS GrowthGrowth
-34.4%2/10

Earnings declined 34.4%

PCYO3 concerns · Avg: 2.7/10
Market CapQuality
$249.10M3/10

Smaller company, higher risk/reward

Piotroski F-ScoreQuality
3/93/10

Weak financial health signals

Free Cash FlowQuality
$-1.13M2/10

Negative free cash flow — burning cash

Comparative Analysis Report

WallStSmart Research

Bull Case : HTO

The strongest argument for HTO centers on Price/Book.

Bull Case : PCYO

The strongest argument for PCYO centers on Profit Margin, Operating Margin, Revenue Growth. Profitability is solid with margins at 46.6% and operating margin at 48.0%. Revenue growth of 58.8% demonstrates continued momentum.

Bear Case : HTO

The primary concerns for HTO are PEG Ratio, Return on Equity, Revenue Growth.

Bear Case : PCYO

The primary concerns for PCYO are Market Cap, Piotroski F-Score, Free Cash Flow.

Key Dynamics to Monitor

HTO profiles as a declining stock while PCYO is a growth play — different risk/reward profiles.

PCYO carries more volatility with a beta of 1.32 — expect wider price swings.

PCYO is growing revenue faster at 58.8% — sustainability is the question.

PCYO generates stronger free cash flow (-1M), providing more financial flexibility.

Bottom Line

PCYO scores higher overall (61/100 vs 49/100), backed by strong 46.6% margins and 58.8% revenue growth. Both earn "Buy" and "Hold" ratings respectively — the choice depends on your investment horizon and risk tolerance.

This analysis is generated from publicly available financial data. Not financial advice.

H2O America

UTILITIES · UTILITIES - REGULATED WATER · USA

H2O America, provides water utility and other related services in the United States. The company is headquartered in San Jose, California.

Pure Cycle Corporation

UTILITIES · UTILITIES - REGULATED WATER · USA

Pure Cycle Corporation designs, builds, operates and maintains water and wastewater systems in the Denver metropolitan area and Colorado Front Range in the United States. The company is headquartered in Watkins, Colorado.

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