Seek Returns

PS vs. ZS: Pershing Square vs. Zscaler Stock Comparison

How do Pershing Square (PS) and Zscaler (ZS) stack up? This page sets them side by side across company profile, performance and risk, profitability, growth, financial strength, dividends, and valuation, with selected fundamentals also measured against each stock's industry-group peers.

Company Profile

Pershing Square (PS) and Zscaler (ZS) both belong to the Software industry, though PS is classified under Application Software while ZS falls under Systems Software.

Zscaler (ZS) has been public since March 16, 2018 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.

Company profile comparison for Pershing Square (PS) and Zscaler (ZS)
Profile ItemPSZS
NamePluralsight IncZscaler Inc.
Country/RegionUnited StatesUnited States
GICS SectorInformation TechnologyInformation Technology
GICS Industry GroupSoftware & ServicesSoftware & Services
GICS IndustrySoftwareSoftware
GICS Sub-IndustryApplication SoftwareSystems Software
Market Capitalization20.58 billion USD32.23 billion USD
CurrencyUSDUSD
ExchangeNasdaqNasdaq
Listing DateApril 29, 2026March 16, 2018
Security TypeCommon StockCommon Stock

Price Performance

Cumulative Growth

PS
ZS
GSPC
Loading price history…
Pershing Square (PS) vs. Zscaler (ZS), with S&P 500 (GSPC) for reference: Growth of a $10,000 investment over the past five years. Adjusted for dividends and splits.

Trailing Returns

Loading price history…
Trailing total returns for Pershing Square (PS) and Zscaler (ZS). Returns over one year are annualized.

Calendar-Year Returns

Loading price history…
Calendar-year total returns for Pershing Square (PS) and Zscaler (ZS). Each bar is that year's total return, measured year-end to year-end.

Performance Metrics

Price performance metrics for Pershing Square (PS) and Zscaler (ZS)
MetricPSZS
Total Return (1Y)---37.61%
Total Return (3Y, Annualized)--5.36%
Total Return (5Y, Annualized)---10.75%

Risk Profile

Drawdown History

PS
ZS
GSPC
Loading price history…
Pershing Square (PS) vs. Zscaler (ZS), with S&P 500 (GSPC) for reference: Drawdown from the running peak over the past five years. Each line shows the decline from its prior peak; 0% marks a new high.

Return Distribution

Loading price history…
Distribution of monthly total returns for Pershing Square (PS) and Zscaler (ZS). Each bar is the share of months whose return fell in that 5% bucket.

Risk Metrics

Pershing Square (PS) carries a highly aggressive beta of 6.25, indicating much higher sensitivity to broad-market moves, whereas Zscaler (ZS) is closer to market-like at 0.88 — a noticeable difference in market-sensitivity profile.

Risk profile metrics for Pershing Square (PS) and Zscaler (ZS)
MetricPSZS
Volatility (1Y, Annualized)100.16%68.66%
Beta (5Y)6.250.88
Max Drawdown (5Y)-43.14%-76.41%
Avg. Volume (3M)428.47K2.92M

Risk-Adjusted Performance

Risk-Return Positioning

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

Risk-Adjusted Metrics

Risk-adjusted metrics for Pershing Square (PS) and Zscaler (ZS)
MetricPSZS
Sharpe Ratio (1Y)---0.61
Sortino Ratio (1Y)---0.79

Profitability

ROE (TTM)

Pershing Square (PS) has no ROE value reported for this period; Zscaler (ZS) reports a negative figure of -2.87%, which needs context because negative ROE can reflect losses or negative shareholders’ equity.

PS

Software & Services industry group

--

Max
53.85%
Q3
17.90%
Median
6.59%
Q1
-9.59%
Min
-50.52%
PS
--

ZS

Software & Services industry group

-2.87%

Max
53.85%
Q3
17.90%
Median
6.59%
ZS
-2.87%
Q1
-9.59%
Min
-50.52%
Loading chart…
Pershing Square (PS) vs. Zscaler (ZS): PS does not report ROE, so it has no value marker; ZS is benchmarked against the Software & Services industry group.

Net Margin (TTM)

Both Pershing Square (PS) at -20.98% and Zscaler (ZS) at -1.89% report negative net margin values, usually indicating net losses over the period.

PS

Software & Services industry group

-20.98%

Max
41.17%
Q3
15.28%
Median
4.63%
Q1
-5.42%
PS
-20.98%
Min
-33.17%

ZS

Software & Services industry group

-1.89%

Max
41.17%
Q3
15.28%
Median
4.63%
ZS
-1.89%
Q1
-5.42%
Min
-33.17%
Loading chart…
Pershing Square (PS) vs. Zscaler (ZS): A comparison of their net margin against the Software & Services industry group benchmark.

Operating Margin (TTM)

Both Pershing Square (PS) at -35.45% and Zscaler (ZS) at -1.01% report negative operating margin values, usually indicating operating losses over the period.

PS

Software & Services industry group

-35.45%

Max
46.89%
Q3
17.64%
Median
8.73%
Q1
-2.13%
Min
-30.45%
PS
-35.45%

ZS

Software & Services industry group

-1.01%

Max
46.89%
Q3
17.64%
Median
8.73%
ZS
-1.01%
Q1
-2.13%
Min
-30.45%
Loading chart…
Pershing Square (PS) vs. Zscaler (ZS): A comparison of their operating margin against the Software & Services industry group benchmark.

Profitability Metrics

Profitability metrics for Pershing Square (PS) and Zscaler (ZS)
MetricPSZS
ROE (TTM)---2.87%
ROA (TTM)---1.03%
Net Margin (TTM)-20.98%-1.89%
Operating Margin (TTM)-35.45%-1.01%
Gross Margin (TTM)24.74%76.87%

Growth

Revenue Growth

Pershing Square (PS) at 64.66% clears its industry range for revenue growth, far stronger top-line momentum than Zscaler (ZS) at 25.42%, which is closer to a typical peer reading.

Loading chart…
Pershing Square (PS) vs. Zscaler (ZS): A comparison of their Revenue Growth across different time periods.

EPS Growth

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

Growth Metrics

Growth metrics for Pershing Square (PS) and Zscaler (ZS)
MetricPSZS
Revenue Growth (YoY)64.66%25.42%
Revenue Growth (3Y CAGR)--27.51%
EPS Growth (YoY)----
EPS Growth (3Y CAGR)----

Financial Strength

Current Ratio (MRQ)

Short-term liquidity can only be read on one side of this pairing: Zscaler (ZS) shows current ratio of 1.70 against its industry benchmark, while Pershing Square (PS) has no reading this period.

PS

Software & Services industry group

--

Max
5.11
Q3
2.77
Median
1.67
Q1
1.01
Min
0.03
PS
--

ZS

Software & Services industry group

1.70

Max
5.11
Q3
2.77
ZS
1.70
Median
1.67
Q1
1.01
Min
0.03
Loading chart…
Pershing Square (PS) vs. Zscaler (ZS): PS does not report current ratio, so it has no value marker; ZS is benchmarked against the Software & Services industry group.

Debt / Equity (MRQ)

Both Pershing Square (PS) at 0.18 and Zscaler (ZS) at 0.72 fund their balance sheets with roughly industry-typical debt-to-equity mixes.

PS

Software & Services industry group

0.18

Max
2.52
Q3
1.13
Median
0.40
PS
0.18
Q1
0.07
Min
0.00

ZS

Software & Services industry group

0.72

Max
2.52
Q3
1.13
ZS
0.72
Median
0.40
Q1
0.07
Min
0.00
Loading chart…
Pershing Square (PS) vs. Zscaler (ZS): A comparison of their debt-to-equity ratio against the Software & Services industry group benchmark.

Financial Strength Metrics

Financial strength metrics for Pershing Square (PS) and Zscaler (ZS)
MetricPSZS
Current Ratio (MRQ)--1.70
Debt / Equity (MRQ)0.180.72
Net Debt / EBITDA4.35-36.63

Dividends

Dividend Yield (TTM)

Zscaler (ZS) 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.

PS

Software & Services industry group

0.24%

PS
0.24%
Max
0.00%
Q3
0.00%
Median
0.00%
Q1
0.00%
Min
0.00%

ZS

Software & Services industry group

0.00%

ZS
0.00%
Max
0.00%
Q3
0.00%
Median
0.00%
Q1
0.00%
Min
0.00%
Loading chart…
Pershing Square (PS) vs. Zscaler (ZS): A comparison of their dividend yield against the Software & Services industry group benchmark.

Dividend Payout Ratio (TTM)

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

PS

Software & Services industry group

-10.99%

Max
0.00%
Q3
0.00%
Median
0.00%
Q1
0.00%
Min
0.00%
PS
-10.99%

ZS

Software & Services industry group

0.00%

ZS
0.00%
Max
0.00%
Q3
0.00%
Median
0.00%
Q1
0.00%
Min
0.00%
Loading chart…
Pershing Square (PS) vs. Zscaler (ZS): A comparison of their payout ratio against the Software & Services industry group benchmark.

Dividend Metrics

Dividend metrics for Pershing Square (PS) and Zscaler (ZS)
MetricPSZS
Dividend Yield (TTM)0.24%0.00%
Dividend Payout Ratio (TTM)-10.99%0.00%

Valuation

P/E Ratio (TTM)

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

PS

Software & Services industry group

--

Max
112.94
Q3
60.32
Median
32.91
Q1
18.77
Min
6.69
PS
--

ZS

Software & Services industry group

--

Max
112.94
Q3
60.32
Median
32.91
Q1
18.77
Min
6.69
ZS
--
Loading chart…
Pershing Square (PS) vs. Zscaler (ZS): Neither stock reports P/E ratio, so the chart shows available benchmark boxes without value markers.

P/S Ratio (TTM)

Both look expensive on sales: Zscaler (ZS) at 9.61 sits in the upper P/S ratio quartile, and Pershing Square (PS) at 27.11 prices even higher, above its industry range.

PS

Software & Services industry group

27.11

PS
27.11
Max
17.91
Q3
8.78
Median
4.25
Q1
2.23
Min
0.02

ZS

Software & Services industry group

9.61

Max
17.91
ZS
9.61
Q3
8.78
Median
4.25
Q1
2.23
Min
0.02
Loading chart…
Pershing Square (PS) vs. Zscaler (ZS): A comparison of their P/S ratio against the Software & Services industry group benchmark.

P/B Ratio (MRQ)

Both Pershing Square (PS) at 15.12 and Zscaler (ZS) at 12.40 carry a premium to book value versus peers, sitting in the upper P/B ratio quartile of their industries.

PS

Software & Services industry group

15.12

Max
16.63
PS
15.12
Q3
8.50
Median
4.30
Q1
1.92
Min
-3.90

ZS

Software & Services industry group

12.40

Max
16.63
ZS
12.40
Q3
8.50
Median
4.30
Q1
1.92
Min
-3.90
Loading chart…
Pershing Square (PS) vs. Zscaler (ZS): A comparison of their P/B ratio against the Software & Services industry group benchmark.

Valuation Metrics

Valuation metrics for Pershing Square (PS) and Zscaler (ZS)
MetricPSZS
P/E Ratio (TTM)----
P/S Ratio (TTM)27.119.61
P/B Ratio (MRQ)15.1212.40
Free Cash Flow Yield (TTM)--3.34%