Pershing SquareFRA:B57 +2.59%10 Pretax Margin % is -31.07% as of Dec. 2025. GuruFocus rates FRA:B57 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 89.02% on this metric.
The pretax margin, as know as pretax profit margin, is widely used to measure the operating efficiency of a company before deducting taxes.
The pretax margin is sometimes preferred over the net margin as tax expenditures can make profitability comparisons between companies misleading.
It is a useful tool to compare companies operating in the same sector and less effective when comparing companies from other sectors as each industry generally has different operating expenses and sales patterns.
The long term trend of the pretax margin is a good indicator of the competitiveness and health of the business.
Pershing Square Pretax Margin % Related Terms
Pershing Square Pretax Margin % Historical Data
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The historical data trend for Pershing Square's Pretax 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 Pretax Margin % Chart
Pershing Square Annual Data
Trend
Dec24
Dec25
Pretax Margin %
4.03
-31.07
Pershing Square Semi-Annual Data
Dec24
Dec25
Pretax Margin %
4.03
-31.07
FRA:B57 vs BEN, CG, PSLV: Pretax Margin % Comparison
For the Asset Management subindustry, Pershing Square's Pretax Margin %, along with its competitors' market caps and Pretax 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 Pretax Margin % vs Asset Management Industry
For the Asset Management industry and Financial Services sector, Pershing Square's Pretax Margin % distribution charts can be found below:
* The bar in red indicates where Pershing Square's Pretax 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 (FRA:B57) has a Pretax Margin % of -31.07% as of Dec. 2025. Pre-Tax margin is the ratio of total pre-tax income to net sales. View historical data on Pershing Square and its competitors. According to the industry distribution chart, Pershing Square ranks #1403 out of 1576 companies in the Asset Management industry, placing it in the top 89%.
Is Pershing Square's Pretax Margin % too high?
Pershing Square's current Pretax Margin % is -31.07%. Based on the distribution chart, Pershing Square ranks #1403 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 Pretax Margin % compare to BEN and CG?
According to the Asset Management industry distribution chart, Pershing Square ranks #1403 out of 1576 companies for Pretax Margin %. This places Pershing Square in the lower half of its industry. The industry median Pretax Margin % is 89.48. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Pretax Margin % for an Asset Management company?
The median Pretax Margin % among Asset Management companies is 89.48, based on 1,576 companies in the industry. Companies in the top quartile (top 25%) have a Pretax Margin % significantly above this median, while those in the bottom quartile fall well below. However, Pretax 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 Pretax Margin % mean?
A high Pretax Margin % can signal that a stock is expensive relative to its fundamentals. Pre-Tax margin is the ratio of total pre-tax income to net sales. View historical data on Pershing Square and its competitors. For the Asset Management industry, the median Pretax Margin % is 89.48 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Pershing Square's current Pretax Margin % is -31.07%. 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 (FRA:B57) has a current Pretax Margin % of -31.07%. The current Pretax Margin % is -31.07%. 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 Pretax Margin % calculated?
Pretax Margin % is calculated from a company's financial statements. For Pershing Square (FRA:B57), the current Pretax Margin % is -31.07% 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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