IBM vs. PS: IBM vs. Pershing Square Stock Comparison

Company Profile

IBM (IBM) and Pershing Square (PS) both fall under the Software & Services industry group, but IBM is classified in IT Services while PS is classified in Software.

IBM (IBM) has been public since January 2, 1962, giving it decades of market history across multiple cycles, while Pershing Square (PS) listed only on April 29, 2026 and lacks comparable through-cycle data.

Price Performance

Cumulative Growth

Trailing Returns

Calendar-Year Returns

Performance Metrics

Risk Profile

Drawdown History

Return Distribution

Risk Metrics

Pershing Square (PS) carries a highly aggressive beta of 6.25, indicating much higher sensitivity to broad-market moves, whereas IBM (IBM) is closer to market-like at 0.79 — a noticeable difference in market-sensitivity profile.

Risk-Adjusted Performance

Risk-Return Positioning

Both IBM 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: IBM (IBM) earns 34.77% 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 IBM (IBM) reports 15.99%, 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 IBM (IBM) reports 16.97%, ranking against industry peers normally.

Profitability Metrics

Growth

Pershing Square (PS) at 64.66% clears its industry range for revenue growth, far stronger top-line momentum than IBM (IBM) at 7.62%, which is closer to a typical peer reading.

Only one side can be read here: IBM (IBM) reports EPS growth of 73.72%, 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: IBM (IBM) shows current ratio of 0.86 against its industry benchmark, while Pershing Square (PS) has no reading this period.

Pershing Square (PS) at 0.18 carries an industry-typical debt-to-equity mix, while IBM (IBM) at 1.85 uses more debt funding than most peers.

Financial Strength Metrics

Dividends

Both IBM (IBM) at 2.73% and Pershing Square (PS) at 0.24% yield above their industries’ entire benchmark ranges — high enough that dividend safety, not income, becomes the first question.

Pershing Square (PS) reports a negative payout ratio of -10.99%, usually because earnings are negative; the payout ratio is not a useful dividend-sustainability benchmark in that state. Meanwhile IBM (IBM) reports 57.51%, ranking against industry peers normally.

Dividend Metrics

Valuation

An earnings multiple is available for just one side: IBM (IBM) trades at 20.90 times trailing earnings, ranked against its peers, while Pershing Square (PS) has no P/E ratio this period.

IBM (IBM) at 3.31 prices around its industry’s typical P/S ratio, while Pershing Square (PS) at 27.11 clears its benchmark range — PS looks notably rich on sales.

IBM (IBM) at 6.52 is valued about in line with its industry on P/B ratio, while Pershing Square (PS) at 15.12 carries an above-peer premium to book — PS is pricier on assets.

Valuation Metrics