MSTR vs. PS: Strategy vs. Pershing Square Stock Comparison

Company Profile

Strategy (MSTR) 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.

Strategy (MSTR) has been public since June 11, 1998, 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

Strategy (MSTR) is heavily traded at around 22.35M shares per day, whereas Pershing Square (PS) sees a more moderate 428.47K — larger orders in the latter may require more patience and tighter control over order sizing.

Risk-Adjusted Performance

Risk-Return Positioning

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

Risk-Adjusted Metrics

Profitability

Pershing Square (PS) has no ROE value reported for this period; Strategy (MSTR) reports a negative figure of -21.59%, which needs context because negative ROE can reflect losses or negative shareholders’ equity.

Pershing Square (PS) reports a negative net margin of -20.98%, usually indicating a net loss over the period. Meanwhile Strategy (MSTR) reports 0.00%, ranking against industry peers normally.

Both Strategy (MSTR) at -2.07% and Pershing Square (PS) at -35.45% report negative operating margin values, usually indicating operating losses over the period.

Profitability Metrics

Growth

Pershing Square (PS) at 64.66% delivers above-range revenue growth, while Strategy (MSTR) at 2.97% falls into the bottom quartile — a wide split in revenue momentum.

Neither Strategy (MSTR) nor Pershing Square (PS) reports a EPS growth value for this period, so a direct comparison isn't possible.

Growth Metrics

Financial Strength

Short-term liquidity can only be read on one side of this pairing: Strategy (MSTR) shows current ratio of 4.04 against its industry benchmark, while Pershing Square (PS) has no reading this period.

Both Strategy (MSTR) at 0.10 and Pershing Square (PS) at 0.18 fund their balance sheets with roughly industry-typical debt-to-equity mixes.

Financial Strength Metrics

Dividends

Strategy (MSTR) 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; Strategy (MSTR) pays no dividend (payout 0.00%).

Dividend Metrics

Valuation

Neither Strategy (MSTR) nor Pershing Square (PS) reports a P/E ratio value for this period, so a direct comparison isn’t possible.

Investors are paying well above the peer range per dollar of sales for both Strategy (MSTR) at 110.23 and Pershing Square (PS) at 27.11 — each P/S ratio clears its industry’s benchmark range.

Strategy (MSTR) at 0.98 looks cheap against book in the lower P/B ratio quartile, while Pershing Square (PS) at 15.12 carries a premium in the upper quartile — a clear price-to-book gap.

Valuation Metrics