Pershing Square HoldingsXAMS:PSH 25 Net Margin % is 90.93% as of Dec. 2025, which is 7% below its 10-year median of 97.75. GuruFocus rates XAMS:PSH with a GF Score™ of 25/100. The stock has 5 warning signs investors should review. Among 1,580 Asset Management companies, Pershing Square Holdings ranks better than 71.27% on this metric.
The historical rank and industry rank for Pershing Square Holdings's Net Margin % or its related term are showing as below:
XAMS:PSH'
s Net Margin % Range Over the Past 10 Years
Min: 94.66 Med: 97.75 Max: 177.81
Current: 98.09
XAMS:PSH's Net Margin % is ranked better than 71.27% of 1580
companies
in the Asset Management industry
Industry Median: 84.895
vs XAMS:PSH: 98.09
Pershing Square Holdings (XAMS:PSH) 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 Holdings Net Margin % Related Terms
Pershing Square Holdings Net Margin % Historical Data
* 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.
For the Asset Management subindustry, Pershing Square Holdings'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 Holdings Net Margin % vs Asset Management Industry
For the Asset Management industry and Financial Services sector, Pershing Square Holdings's Net Margin % distribution charts can be found below:
* The bar in red indicates where Pershing Square Holdings'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 Holdings (XAMS:PSH) has a Net Margin % of 90.93% as of Dec. 2025. Net margin is the ratio of total net income to net sales. View historical data on Pershing Square Holdings and its competitors. This is near median its historical median of 97.75. Over the past decade, Pershing Square Holdings' Net Margin % has ranged from 94.66 to 177.81. According to the industry distribution chart, Pershing Square Holdings ranks #454 out of 1580 companies in the Asset Management industry, placing it in the top 28.7%.
Is Pershing Square Holdings' Net Margin % too high?
Pershing Square Holdings' current Net Margin % of 90.93% is near median its 10-year median of 97.75. Over the past 10 years, this metric has ranged from a low of 94.66 to a high of 177.81. The Asset Management industry median Net Margin % is 84.90. Pershing Square Holdings' value of 90.93% is 7.1% above this industry median. Based on the distribution chart, Pershing Square Holdings ranks #454 out of 1580 companies in the Asset Management industry, which is above the industry midpoint. Overall, Pershing Square Holdings has a GF Score™ of 25/100, reflecting its overall financial health beyond just this single metric.
How does Pershing Square Holdings' Net Margin % compare to BLK and BX?
According to the Asset Management industry distribution chart, Pershing Square Holdings ranks #454 out of 1580 companies for Net Margin %. This puts Pershing Square Holdings in the upper half of its industry. The industry median Net Margin % is 84.90. Pershing Square Holdings' value of 90.93% is 7.1% above this benchmark. Historically, Pershing Square Holdings' own Net Margin % has ranged from 94.66 to 177.81 over the past decade. While the company's 10-year median is 97.75 vs. the industry median of 84.90, Pershing Square Holdings has consistently been above the industry average. 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 1,580 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. Pershing Square Holdings's current Net Margin % of 90.93% is 7.1% above the industry median. 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 Holdings 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 Holdings's current Net Margin % is 90.93%, which is near median its own 10-year median of 97.75. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Pershing Square Holdings stock overvalued right now?
Pershing Square Holdings (XAMS:PSH) has a current Net Margin % of 90.93%. The current Net Margin % is 90.93%, which is near median its 10-year median of 97.75 and 7.1% above the Asset Management industry median of 84.90. Pershing Square Holdings' overall GF Score™ is 25/100 with 5 warning signs 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 Holdings (XAMS:PSH), the current Net Margin % is 90.93% 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.
Pershing Square Holdings Ltd is a closed-ended investment scheme. The company's investment objective is to preserve capital and to seek maximum, long-term capital appreciation commensurate with reasonable risk. It seeks to achieve its investment objective through long and occasionally short positions in equity or debt securities of public U.S. and non-U.S. issuers, derivative instruments, and other financial instruments.
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