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Side-by-side financial comparison of GREENPOWER MOTOR Co INC. (GP) 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 $7.2M, roughly 1.3× GREENPOWER MOTOR Co INC.). PURE CYCLE CORP runs the higher net margin — 50.0% vs -65.6%, a 115.6% gap on every dollar of revenue. On growth, PURE CYCLE CORP posted the faster year-over-year revenue change (58.8% vs -11.5%).

GreenPower Motor Company Inc. is a Canadian electric bus manufacturer and distributor in North America. The company fabricates multiple zero-emission models, including transit buses, school buses, and double decker buses. GreenPower headquarters are in Vancouver, British Columbia, with a sales office in Rancho Cucamonga, California; an assembly facility in Porterville, California; and a production facility in South Charleston, West Virginia. Its stock is traded on Nasdaq the United States.

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.

GP vs PCYO — Head-to-Head

Bigger by revenue
PCYO
PCYO
1.3× larger
PCYO
$9.1M
$7.2M
GP
Growing faster (revenue YoY)
PCYO
PCYO
+70.3% gap
PCYO
58.8%
-11.5%
GP
Higher net margin
PCYO
PCYO
115.6% more per $
PCYO
50.0%
-65.6%
GP

Income Statement — Q3 FY2025 vs Q1 FY2026

Metric
GP
GP
PCYO
PCYO
Revenue
$7.2M
$9.1M
Net Profit
$-4.7M
$4.6M
Gross Margin
14.6%
68.4%
Operating Margin
48.0%
Net Margin
-65.6%
50.0%
Revenue YoY
-11.5%
58.8%
Net Profit YoY
-2.1%
16.0%
EPS (diluted)
$-0.17
$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.

Revenue
GP
GP
PCYO
PCYO
Q4 25
$9.1M
Q3 25
$11.2M
Q2 25
$5.1M
Q1 25
$4.0M
Q4 24
$7.2M
$5.8M
Q3 24
$5.3M
$12.6M
Q2 24
$3.0M
$7.6M
Q1 24
$3.2M
Net Profit
GP
GP
PCYO
PCYO
Q4 25
$4.6M
Q3 25
$6.1M
Q2 25
$2.3M
Q1 25
$809.0K
Q4 24
$-4.7M
$3.9M
Q3 24
$-4.7M
$6.6M
Q2 24
$-5.4M
$2.8M
Q1 24
$118.0K
Gross Margin
GP
GP
PCYO
PCYO
Q4 25
68.4%
Q3 25
67.7%
Q2 25
63.4%
Q1 25
38.2%
Q4 24
14.6%
63.8%
Q3 24
8.6%
77.8%
Q2 24
7.4%
64.0%
Q1 24
55.6%
Operating Margin
GP
GP
PCYO
PCYO
Q4 25
48.0%
Q3 25
53.1%
Q2 25
26.0%
Q1 25
-33.2%
Q4 24
29.9%
Q3 24
62.0%
Q2 24
40.3%
Q1 24
-11.5%
Net Margin
GP
GP
PCYO
PCYO
Q4 25
50.0%
Q3 25
54.5%
Q2 25
43.9%
Q1 25
20.3%
Q4 24
-65.6%
68.4%
Q3 24
-87.9%
52.6%
Q2 24
-179.8%
37.2%
Q1 24
3.7%
EPS (diluted)
GP
GP
PCYO
PCYO
Q4 25
$0.19
Q3 25
$0.26
Q2 25
$0.09
Q1 25
$0.03
Q4 24
$-0.17
$0.16
Q3 24
$-0.18
$0.27
Q2 24
$-0.21
$0.12
Q1 24
$0.00

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
GP
GP
PCYO
PCYO
Cash + ST InvestmentsLiquidity on hand
$621.1K
$17.1M
Total DebtLower is stronger
$8.0M
Stockholders' EquityBook value
$2.1M
$147.5M
Total Assets
$37.4M
$168.1M
Debt / EquityLower = less leverage
0.05×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
GP
GP
PCYO
PCYO
Q4 25
$17.1M
Q3 25
$21.9M
Q2 25
$14.4M
Q1 25
$16.5M
Q4 24
$621.1K
$19.0M
Q3 24
$116.9K
$22.1M
Q2 24
$528.3K
$20.5M
Q1 24
$20.6M
Total Debt
GP
GP
PCYO
PCYO
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
Stockholders' Equity
GP
GP
PCYO
PCYO
Q4 25
$147.5M
Q3 25
$142.7M
Q2 25
$136.7M
Q1 25
$134.4M
Q4 24
$2.1M
$133.6M
Q3 24
$4.2M
$129.7M
Q2 24
$8.6M
$123.2M
Q1 24
$120.4M
Total Assets
GP
GP
PCYO
PCYO
Q4 25
$168.1M
Q3 25
$162.3M
Q2 25
$151.7M
Q1 25
$149.7M
Q4 24
$37.4M
$149.7M
Q3 24
$39.4M
$147.4M
Q2 24
$43.5M
$140.4M
Q1 24
$135.2M
Debt / Equity
GP
GP
PCYO
PCYO
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
GP
GP
PCYO
PCYO
Operating Cash FlowLast quarter
$-1.1M
$-979.0K
Free Cash FlowOCF − Capex
FCF MarginFCF / Revenue
Capex IntensityCapex / Revenue
Cash ConversionOCF / Net Profit
-0.21×
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
GP
GP
PCYO
PCYO
Q4 25
$-979.0K
Q3 25
$9.4M
Q2 25
$-503.0K
Q1 25
$-1.4M
Q4 24
$-1.1M
$5.7M
Q3 24
$-1.3M
$3.1M
Q2 24
$-3.2M
$892.0K
Q1 24
$-457.0K
Cash Conversion
GP
GP
PCYO
PCYO
Q4 25
-0.21×
Q3 25
1.53×
Q2 25
-0.22×
Q1 25
-1.70×
Q4 24
1.44×
Q3 24
0.47×
Q2 24
0.32×
Q1 24
-3.87×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

GP
GP

Segment breakdown not available.

PCYO
PCYO

Construction$6.5M71%
Water And Wastewater Resource Development Segment$2.5M27%

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