APP vs. PS: AppLovin vs. Pershing Square Stock Comparison

Company Profile

AppLovin (APP) and Pershing Square (PS) are both classified in the Application Software sub-industry within the broader Software industry, placing them in the closest GICS peer bucket.

AppLovin (APP) has traded publicly since April 15, 2021, giving it several years of listed trading history, while Pershing Square (PS) only listed on April 29, 2026 and has a limited public-market record.

Price Performance

Cumulative Growth

Trailing Returns

Calendar-Year Returns

Performance Metrics

Risk Profile

Drawdown History

Return Distribution

Risk Metrics

Risk-Adjusted Performance

Risk-Return Positioning

Both APP and PS need 1-year volatility and 1-year return to plot risk-return positioning.

Risk-Adjusted Metrics

Profitability

Capital efficiency shows on one side only: AppLovin (APP) earns 210.09% on shareholders’ equity, ranked against its industry; Pershing Square (PS) has no ROE this period.

Pershing Square (PS) reports a negative net margin of -20.98%, usually indicating a net loss over the period. Meanwhile AppLovin (APP) reports 65.89%, ranking against industry peers normally.

Pershing Square (PS) reports a negative operating margin of -35.45%, usually indicating that operating costs exceeded revenue at the operating-income line. Meanwhile AppLovin (APP) reports 78.22%, ranking against industry peers normally.

Profitability Metrics

Growth

Both AppLovin (APP) at 69.99% and Pershing Square (PS) at 64.66% are expanding revenue faster than their entire industry benchmark ranges for revenue growth — exceptional top-line momentum on both sides, though growth that far above the peer range is worth checking for one-off boosts such as acquisitions.

Only one side can be read here: AppLovin (APP) reports EPS growth of 115.23%, ranked against its industry; Pershing Square (PS) has no EPS growth figure this period.

Growth Metrics

Financial Strength

Short-term liquidity can only be read on one side of this pairing: AppLovin (APP) shows current ratio of 3.81 against its industry benchmark, while Pershing Square (PS) has no reading this period.

Both AppLovin (APP) at 1.07 and Pershing Square (PS) at 0.18 fund their balance sheets with roughly industry-typical debt-to-equity mixes.

Financial Strength Metrics

Dividends

AppLovin (APP) pays no dividend (yield 0.00%) — it may be reinvesting, using buybacks, or simply not returning cash through dividends. Meanwhile Pershing Square (PS) reports a yield of 0.24%, ranking against industry peers normally.

Pershing Square (PS) reports a negative payout ratio of -10.99%, usually because earnings are negative; AppLovin (APP) pays no dividend (payout 0.00%).

Dividend Metrics

Valuation

An earnings multiple is available for just one side: AppLovin (APP) trades at 26.34 times trailing earnings, ranked against its peers, while Pershing Square (PS) has no P/E ratio this period.

Both look expensive on sales: AppLovin (APP) at 17.04 sits in the upper P/S ratio quartile, and Pershing Square (PS) at 27.11 prices even higher, above its industry range.

Both look rich against book: Pershing Square (PS) at 15.12 sits in the upper P/B ratio quartile, and AppLovin (APP) at 39.29 prices even higher, above its industry range.

Valuation Metrics