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Side-by-side financial comparison of Affinity Bancshares, Inc. (AFBI) and PURE CYCLE CORP (PCYO). Click either name above to swap in a different company.
PURE CYCLE CORP is the larger business by last-quarter revenue ($9.1M vs $8.6M, roughly 1.1× Affinity Bancshares, Inc.). PURE CYCLE CORP runs the higher net margin — 50.0% vs 24.9%, a 25.1% gap on every dollar of revenue. On growth, PURE CYCLE CORP posted the faster year-over-year revenue change (58.8% vs 12.8%). Over the past eight quarters, PURE CYCLE CORP's revenue compounded faster (69.0% CAGR vs 8.1%).
Pure Cycles, is a bicycle company based in Los Angeles, California that was founded by Michael Fishman, Jordan Schau, Zachary Schau and Austin Stoffers in 2010, as Pure Fix Cycles.
AFBI vs PCYO — Head-to-Head
Income Statement — Q4 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $8.6M | $9.1M |
| Net Profit | $2.1M | $4.6M |
| Gross Margin | — | 68.4% |
| Operating Margin | 35.9% | 48.0% |
| Net Margin | 24.9% | 50.0% |
| Revenue YoY | 12.8% | 58.8% |
| Net Profit YoY | 58.5% | 16.0% |
| EPS (diluted) | $0.34 | $0.19 |
Green = leading value per metric. Periods may differ when fiscal calendars don't align.
8-Quarter Revenue & Profit Trend
Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.
| Q4 25 | $8.6M | $9.1M | ||
| Q3 25 | $8.4M | $11.2M | ||
| Q2 25 | $8.3M | $5.1M | ||
| Q1 25 | $7.8M | $4.0M | ||
| Q4 24 | $7.6M | $5.8M | ||
| Q3 24 | $8.0M | $12.6M | ||
| Q2 24 | $8.3M | $7.6M | ||
| Q1 24 | $7.3M | $3.2M |
| Q4 25 | $2.1M | $4.6M | ||
| Q3 25 | $2.2M | $6.1M | ||
| Q2 25 | $2.2M | $2.3M | ||
| Q1 25 | $1.8M | $809.0K | ||
| Q4 24 | $1.3M | $3.9M | ||
| Q3 24 | $1.7M | $6.6M | ||
| Q2 24 | $1.0M | $2.8M | ||
| Q1 24 | $1.3M | $118.0K |
| Q4 25 | — | 68.4% | ||
| Q3 25 | — | 67.7% | ||
| Q2 25 | — | 63.4% | ||
| Q1 25 | — | 38.2% | ||
| Q4 24 | — | 63.8% | ||
| Q3 24 | — | 77.8% | ||
| Q2 24 | — | 64.0% | ||
| Q1 24 | — | 55.6% |
| Q4 25 | 35.9% | 48.0% | ||
| Q3 25 | 34.9% | 53.1% | ||
| Q2 25 | 34.1% | 26.0% | ||
| Q1 25 | 30.8% | -33.2% | ||
| Q4 24 | 21.1% | 29.9% | ||
| Q3 24 | 28.5% | 62.0% | ||
| Q2 24 | 16.2% | 40.3% | ||
| Q1 24 | 24.0% | -11.5% |
| Q4 25 | 24.9% | 50.0% | ||
| Q3 25 | 26.5% | 54.5% | ||
| Q2 25 | 25.9% | 43.9% | ||
| Q1 25 | 23.4% | 20.3% | ||
| Q4 24 | 17.7% | 68.4% | ||
| Q3 24 | 21.7% | 52.6% | ||
| Q2 24 | 12.5% | 37.2% | ||
| Q1 24 | 18.2% | 3.7% |
| Q4 25 | $0.34 | $0.19 | ||
| Q3 25 | $0.34 | $0.26 | ||
| Q2 25 | $0.33 | $0.09 | ||
| Q1 25 | $0.28 | $0.03 | ||
| Q4 24 | $0.21 | $0.16 | ||
| Q3 24 | $0.26 | $0.27 | ||
| Q2 24 | $0.16 | $0.12 | ||
| Q1 24 | $0.20 | $0.00 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $53.9M | $17.1M |
| Total DebtLower is stronger | — | $8.0M |
| Stockholders' EquityBook value | $127.0M | $147.5M |
| Total Assets | $881.7M | $168.1M |
| Debt / EquityLower = less leverage | — | 0.05× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $53.9M | $17.1M | ||
| Q3 25 | $84.8M | $21.9M | ||
| Q2 25 | $89.7M | $14.4M | ||
| Q1 25 | $74.7M | $16.5M | ||
| Q4 24 | $41.4M | $19.0M | ||
| Q3 24 | $52.3M | $22.1M | ||
| Q2 24 | $50.4M | $20.5M | ||
| Q1 24 | $61.4M | $20.6M |
| Q4 25 | — | $8.0M | ||
| Q3 25 | — | $6.8M | ||
| Q2 25 | — | $6.9M | ||
| Q1 25 | — | $6.9M | ||
| Q4 24 | — | $6.9M | ||
| Q3 24 | — | $6.9M | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| Q4 25 | $127.0M | $147.5M | ||
| Q3 25 | $125.4M | $142.7M | ||
| Q2 25 | $124.1M | $136.7M | ||
| Q1 25 | $122.3M | $134.4M | ||
| Q4 24 | $129.1M | $133.6M | ||
| Q3 24 | $128.4M | $129.7M | ||
| Q2 24 | $125.1M | $123.2M | ||
| Q1 24 | $123.3M | $120.4M |
| Q4 25 | $881.7M | $168.1M | ||
| Q3 25 | $925.2M | $162.3M | ||
| Q2 25 | $933.8M | $151.7M | ||
| Q1 25 | $912.5M | $149.7M | ||
| Q4 24 | $866.8M | $149.7M | ||
| Q3 24 | $878.6M | $147.4M | ||
| Q2 24 | $873.6M | $140.4M | ||
| Q1 24 | $869.5M | $135.2M |
| Q4 25 | — | 0.05× | ||
| Q3 25 | — | 0.05× | ||
| Q2 25 | — | 0.05× | ||
| Q1 25 | — | 0.05× | ||
| Q4 24 | — | 0.05× | ||
| Q3 24 | — | 0.05× | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | $11.6M | $-979.0K |
| Free Cash FlowOCF − Capex | $11.2M | — |
| FCF MarginFCF / Revenue | 130.9% | — |
| Capex IntensityCapex / Revenue | 4.9% | — |
| Cash ConversionOCF / Net Profit | 5.46× | -0.21× |
| TTM Free Cash FlowTrailing 4 quarters | $20.3M | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $11.6M | $-979.0K | ||
| Q3 25 | $3.7M | $9.4M | ||
| Q2 25 | $3.8M | $-503.0K | ||
| Q1 25 | $1.9M | $-1.4M | ||
| Q4 24 | $6.8M | $5.7M | ||
| Q3 24 | $4.1M | $3.1M | ||
| Q2 24 | $619.0K | $892.0K | ||
| Q1 24 | $1.2M | $-457.0K |
| Q4 25 | $11.2M | — | ||
| Q3 25 | $3.6M | — | ||
| Q2 25 | $3.7M | — | ||
| Q1 25 | $1.8M | — | ||
| Q4 24 | $6.4M | — | ||
| Q3 24 | $4.0M | — | ||
| Q2 24 | $489.0K | — | ||
| Q1 24 | $1.1M | — |
| Q4 25 | 130.9% | — | ||
| Q3 25 | 43.3% | — | ||
| Q2 25 | 44.0% | — | ||
| Q1 25 | 22.7% | — | ||
| Q4 24 | 83.9% | — | ||
| Q3 24 | 49.5% | — | ||
| Q2 24 | 5.9% | — | ||
| Q1 24 | 14.8% | — |
| Q4 25 | 4.9% | — | ||
| Q3 25 | 0.8% | — | ||
| Q2 25 | 1.4% | — | ||
| Q1 25 | 1.9% | — | ||
| Q4 24 | 5.6% | — | ||
| Q3 24 | 1.7% | — | ||
| Q2 24 | 1.6% | — | ||
| Q1 24 | 1.8% | — |
| Q4 25 | 5.46× | -0.21× | ||
| Q3 25 | 1.66× | 1.53× | ||
| Q2 25 | 1.75× | -0.22× | ||
| Q1 25 | 1.05× | -1.70× | ||
| Q4 24 | 5.05× | 1.44× | ||
| Q3 24 | 2.36× | 0.47× | ||
| Q2 24 | 0.60× | 0.32× | ||
| Q1 24 | 0.91× | -3.87× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
AFBI
Segment breakdown not available.
PCYO
| Construction | $6.5M | 71% |
| Water And Wastewater Resource Development Segment | $2.5M | 27% |
