PS vs. SHOP: Pershing Square vs. Shopify Stock Comparison

Company Profile

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

Shopify (SHOP) has been public since May 20, 2015 with a meaningfully longer listed history, while Pershing Square (PS) only listed on April 29, 2026 — long-window metrics on the PS side should be interpreted with caution.

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

Risk-Adjusted Metrics

Profitability

Capital efficiency shows on one side only: Shopify (SHOP) earns 16.83% 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 Shopify (SHOP) reports 15.01%, 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 Shopify (SHOP) reports 18.39%, ranking against industry peers normally.

Profitability Metrics

Growth

Both companies are growing quickly, but Pershing Square (PS) at 64.66% is the standout with revenue growth above its industry range; Shopify (SHOP) at 30.14% also sits in the top quartile.

Only one side can be read here: Shopify (SHOP) reports EPS growth of -39.47%, 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: Shopify (SHOP) shows current ratio of 4.86 against its industry benchmark, while Pershing Square (PS) has no reading this period.

Shopify (SHOP) at 0.01 keeps leverage in the lower industry quartile, while Pershing Square (PS) at 0.18 runs a more typical debt-to-equity mix.

Financial Strength Metrics

Dividends

Shopify (SHOP) 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; Shopify (SHOP) pays no dividend (payout 0.00%).

Dividend Metrics

Valuation

An earnings multiple is available for just one side: Shopify (SHOP) trades at 91.36 times trailing earnings, ranked against its peers, while Pershing Square (PS) has no P/E ratio this period.

Both look expensive on sales: Shopify (SHOP) at 13.52 sits in the upper P/S ratio quartile, and Pershing Square (PS) at 27.11 prices even higher, above its industry range.

Both Pershing Square (PS) at 15.12 and Shopify (SHOP) at 15.02 carry a premium to book value versus peers, sitting in the upper P/B ratio quartile of their industries.

Valuation Metrics