Pershing SquarePS +6.48%10 Net Margin % is -28.01% as of Dec. 2025. GuruFocus rates PS with a GF Score™ of 10/100. The stock has 1 warning sign investors should review. Among 1,576 Asset Management companies, Pershing Square ranks worse than 89.21% on this metric.
Net margin is calculated as Net Income divided by its Revenue. Pershing Square's Net Income for the
six
months ended in Dec. 2025 was $-210.1 Mil. Pershing Square's Revenue for the
six
months ended in Dec. 2025 was $750.0 Mil. Therefore, Pershing Square's net margin for the quarter that ended in Dec. 2025 was -28.01%.
The historical rank and industry rank for Pershing Square's Net Margin % or its related term are showing as below:
PS'
s Net Margin % Range Over the Past 10 Years
Min: -28.01 Med: -15.56 Max: -3.11
Current: -28.01
PS's Net Margin % is ranked worse than 89.21% of 1576
companies
in the Asset Management industry
Industry Median: 84.895
vs PS: -28.01
Pershing Square (NYSE:PS) Net Margin % Explanation
Although Net Income and Earnings-per-Share (EPS) are the most widely used parameter in measuring a company's profitability and valuation, it is the least reliable. The reason is that reported earnings can be manipulated easily by adjusting any numbers such as Depreciation, Depletion and Amotorization and non-recurring items.
But the long term trend of the net margin is a good indicator of the competitiveness and health of the business.
Pershing Square Net Margin % Related Terms
Pershing Square Net Margin % Historical Data
* Premium members only.
The historical data trend for Pershing Square's Net Margin % can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Pershing Square Net Margin % Chart
Pershing Square Annual Data
Trend
Dec24
Dec25
Net Margin %
-3.11
-28.01
Pershing Square Semi-Annual Data
Dec24
Dec25
Net Margin %
-3.11
-28.01
PS vs BEN, CG, PSLV: Net Margin % Comparison
For the Asset Management subindustry, Pershing Square's Net Margin %, along with its competitors' market caps and Net Margin % data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Pershing Square Net Margin % vs Asset Management Industry
For the Asset Management industry and Financial Services sector, Pershing Square's Net Margin % distribution charts can be found below:
* The bar in red indicates where Pershing Square's Net Margin % falls into.
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Pershing Square (PS) has a Net Margin % of -28.01% as of Dec. 2025. Net margin is the ratio of total net income to net sales. View historical data on Pershing Square and its competitors. According to the industry distribution chart, Pershing Square ranks #1406 out of 1576 companies in the Asset Management industry, placing it in the top 89.2%.
Is Pershing Square's Net Margin % too high?
Pershing Square's current Net Margin % is -28.01%. Based on the distribution chart, Pershing Square ranks #1406 out of 1576 companies in the Asset Management industry, which is in the bottom quartile relative to peers. Overall, Pershing Square has a GF Score™ of 10/100, reflecting its overall financial health beyond just this single metric.
How does Pershing Square's Net Margin % compare to BEN and CG?
According to the Asset Management industry distribution chart, Pershing Square ranks #1406 out of 1576 companies for Net Margin %. This places Pershing Square in the lower half of its industry. The industry median Net Margin % is 84.90. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Net Margin % for an Asset Management company?
The median Net Margin % among Asset Management companies is 84.90, based on 1,576 companies in the industry. Companies in the top quartile (top 25%) have a Net Margin % significantly above this median, while those in the bottom quartile fall well below. However, Net Margin % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Net Margin % mean?
A high Net Margin % can signal that a stock is expensive relative to its fundamentals. Net margin is the ratio of total net income to net sales. View historical data on Pershing Square and its competitors. For the Asset Management industry, the median Net Margin % is 84.90 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Pershing Square's current Net Margin % is -28.01%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Pershing Square stock overvalued right now?
Pershing Square (PS) has a current Net Margin % of -28.01%. The current Net Margin % is -28.01%. Pershing Square's overall GF Score™ is 10/100 with 1 warning sign to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Net Margin % calculated?
Net Margin % is calculated from a company's financial statements. For Pershing Square (PS), the current Net Margin % is -28.01% as of Dec. 2025. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Address787 Eleventh Avenue, 9th Floor, New York, NY, USA, 10019
Pershing Square Inc is a main alternative asset manager. It employs a disciplined, research-intensive approach to fundamental value investing to preserve and grow its permanent capital at high rates of return using a set of core investment principles and opportunistic asymmetric hedges. The group generates all of its revenue from management fees and performance fees. It conductbusiness and generates all of its revenues in the United States.
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