Pershing Square Inc. (PS) Key Metrics
PS valuation today
Trailing 12 months · as of October 18, 2026- Market cap
- $17.79B
- Enterprise value
- $20.24B
- P/E (TTM)
- —
- Forward P/E
- 51.5
- PEG ratio
- —
- Price / sales
- 23.1
- Price / book
- 14.7
- EV / EBITDA
- —
- Dividend yield
- 0.92% $0.41 a year
- Beta
- —
PS key metrics, 2024–2025
Fiscal year ended December 31, 2025 · U.S. dollarsPS returns How much profit the business earns on the capital it uses.
PS per-share figures Results divided by the shares outstanding at year-end.
PS financial health Debt, liquidity and how easily interest is covered.
PS efficiency & capital use Working capital cycle and where the cash goes.
PS returns on capital
Net income (ROE, ROA) or after-tax operating income (ROIC) divided by the average of the opening and closing balance.
PS debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease liabilities.
PS cash returned to shareholders
PS key metrics
2024–2025| 2025 | 2024 | |
|---|---|---|
| Per share | ||
| Revenue per share | $1.88 | $1.14 |
| Earnings per share | −$0.53 | −$0.04 |
| Operating cash flow per share | −$0.34 | $0.74 |
| Free cash flow per share | −$0.34 | $0.73 |
| Cash per share | $0.02 | $2.41 |
| Book value per share | $4.26 | $0.00 |
| Tangible book value per share | $4.26 | $0.00 |
| Capex per share | $0.00 | $0.00 |
| Debt per share | $0.69 | $0.09 |
| Shares outstanding | 400.0M | 400.0M |
| Change in shares outstanding | +0.0% | — |
| Returns & profitability | ||
| Return on equity (ROE) | −24.6% | — |
| Return on invested capital (ROIC) | −53.6% | — |
| Return on assets (ROA) | −10.2% | −1.1% |
| Return on tangible assets | −7.5% | −1.1% |
| Free cash flow margin | −18.0% | 64.3% |
| Financial health | ||
| Total debt | $275.6M | $34.8M |
| Cash & short-term investments | $6.8M | $964.9M |
| Net debt | $268.7M | −$930.1M |
| Debt / equity | 0.16 | — |
| Debt / assets | 0.10 | 0.03 |
| Net debt / EBITDA | — | −38.35 |
| Current ratio | 7.02 | 12.08 |
| Quick ratio | 7.02 | 12.08 |
| Interest coverage | -23.7 | -6.4 |
| Working capital | $693.3M | $1.11B |
| Invested capital | $1.97B | −$930.1M |
| Tangible asset value | $1.77B | $967.3M |
| Net current asset value | −$216.6M | $859.7M |
| Graham net-net per share | −$1.05 | $1.97 |
| Capital allocation | ||
| Share buybacks (net) | $164.4M | $298.7M |
| Dividends + buybacks / free cash flow | — | 102.0% |
| Capex / revenue | 0.1% | 0.3% |
| Capex / operating cash flow | — | 0.5% |
| Capex / depreciation | 0.20 | 0.56 |
| SG&A / revenue | 141.5% | 85.4% |
| Efficiency | ||
| Days sales outstanding | 251.3 | 186.4 |
| Days payables outstanding | 520.8 | 1,560.0 |
| Cash conversion cycle (days) | -269.4 | -1,373.6 |
| Receivables turnover | 1.45 | 1.96 |
| Payables turnover | 0.70 | 0.23 |
| Asset turnover | 0.36 | 0.35 |
| Average receivables | $516.4M | $232.7M |
| Average payables | $58.2M | $56.3M |
| Intangibles / total assets | 0.0% | 0.0% |
Computed from PS's annual financial statements (latest annual report filed December 31, 2025) and the closing share price on each fiscal year-end, adjusted for stock splits. Figures in U.S. dollars; data from EODHD. Averages use the opening and closing balance of each year.
PS valuation and financial ratios
Pershing Square earned a return on equity of −24.6% and a return on invested capital of −53.6% in fiscal 2025. It ended the year with $275.6 million of debt and $6.8 million in cash and short-term investments, net debt of $268.7 million. It returned $164.4 million to shareholders: $0 in dividends and $164.4 million in share buybacks.
See the PS income statement, the PS chart for price history, or the PS stock overview for the latest quote and news.
PS key metrics FAQ
What is Pershing Square's return on equity?
Pershing Square's return on equity (ROE) was −24.6% in fiscal 2025: net income of -$210.1 million on average shareholders' equity of $852.6 million.
What is Pershing Square's ROIC?
Pershing Square's return on invested capital was −53.6% in fiscal 2025, using after-tax operating income divided by average debt plus equity minus cash.
How much debt does Pershing Square have?
Pershing Square had total debt of $275.6 million at the end of fiscal 2025, a debt-to-equity ratio of 0.16.
Does Pershing Square buy back its shares?
Yes. Pershing Square spent $164.4 million on net share repurchases in fiscal 2025 Shares outstanding changed +0.0% over the year, to 400.0M..
What is Pershing Square's current ratio?
Pershing Square's current ratio was 7.02 at the end of fiscal 2025: current assets were 7.02 times current liabilities.