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Stock Comparison

PSQH vs REAL

Revenue, margins, valuation, and 5-year total return — side by side.

Live fundamentals10-year financials5-year price chart
PSQH
PSQ Holdings, Inc.

Software - Application

TechnologyNYSE • US
Market Cap$36M
5Y Perf.-92.4%
REAL
The RealReal, Inc.

Luxury Goods

Consumer CyclicalNASDAQ • US
Market Cap$3.59B
5Y Perf.-24.9%

PSQH vs REAL — Key Financials

Market cap, revenue, margins, and valuation side-by-side.

Company Snapshot
PSQH logoPSQH
REAL logoREAL
IndustrySoftware - ApplicationLuxury Goods
Market Cap$36M$3.59B
Revenue (TTM)$27M$723M
Net Income (TTM)$-27M$-65M
Gross Margin49.1%73.3%
Operating Margin-110.0%-1.9%
Forward P/E307.7x
Total Debt$7M$463M
Cash & Equiv.$15M$151M

PSQH vs REALLong-Term Stock Performance

Price return indexed to 100 at period start. Dividends excluded.

PSQH
REAL
StockJul 21May 26Return
PSQ Holdings, Inc. (PSQH)1007.6-92.4%
The RealReal, Inc. (REAL)10075.1-24.9%

Price return only. Dividends and distributions are not included.

Quick Verdict: PSQH vs REAL

Each card shows where this stock fits in a portfolio — not just who wins on paper.

Bottom line: REAL leads in 5 of 6 categories, making it the strongest pick for growth and revenue expansion and profitability and margin quality. This set spans 2 sectors — these stocks serve different portfolio roles, not just different price points.
PSQH
PSQ Holdings, Inc.
The Growth Play

PSQH is the clearest fit if your priority is growth exposure.

  • Rev growth -21.5%, EPS growth 70.0%, 3Y rev CAGR 237.1%
Best for: growth exposure
REAL
The RealReal, Inc.
The Income Pick

REAL carries the broadest edge in this set and is the clearest fit for income & stability and long-term compounding.

  • beta 2.95
  • -57.1% 10Y total return vs PSQH's -92.4%
  • Lower volatility, beta 2.95, current ratio 0.86x
Best for: income & stability and long-term compounding
See the full category breakdown
CategoryWinnerWhy
GrowthREAL logoREAL15.4% revenue growth vs PSQH's -21.5%
Quality / MarginsREAL logoREAL-9.0% margin vs PSQH's -99.7%
Stability / SafetyREAL logoREALBeta 2.95 vs PSQH's 3.41
DividendsTieNeither stock pays a meaningful dividend
Momentum (1Y)REAL logoREAL+75.9% vs PSQH's -59.4%
Efficiency (ROA)REAL logoREAL-17.3% ROA vs PSQH's -45.2%

PSQH vs REAL — Revenue Breakdown by Segment

How each company's revenue is distributed across its business units

PSQHPSQ Holdings, Inc.
FY 2024
Brands
78.8%$11M
Marketplace
21.2%$3M
REALThe RealReal, Inc.
FY 2025
Service
77.3%$536M
Product
13.1%$91M
Shipping and Handling
9.5%$66M

PSQH vs REAL — Financial Metrics

Side-by-side numbers across 2 stocks — who leads on profitability, valuation, growth, and risk.

BEST OVERALLREALLAGGINGPSQH

Income & Cash Flow (Last 12 Months)

REAL leads this category, winning 4 of 6 comparable metrics.

REAL is the larger business by revenue, generating $723M annually — 26.8x PSQH's $27M. REAL is the more profitable business, keeping -9.0% of every revenue dollar as net income compared to PSQH's -99.7%.

MetricPSQH logoPSQHPSQ Holdings, Inc.REAL logoREALThe RealReal, Inc.
RevenueTrailing 12 months$27M$723M
EBITDAEarnings before interest/tax-$22M$11M
Net IncomeAfter-tax profit-$27M-$65M
Free Cash FlowCash after capex-$12M$13M
Gross MarginGross profit ÷ Revenue+49.1%+73.3%
Operating MarginEBIT ÷ Revenue-110.0%-1.9%
Net MarginNet income ÷ Revenue-99.7%-9.0%
FCF MarginFCF ÷ Revenue-44.7%+1.7%
Rev. Growth (YoY)Latest quarter vs prior year+20.9%+18.5%
EPS Growth (YoY)Latest quarter vs prior year-20.0%-150.0%
REAL leads this category, winning 4 of 6 comparable metrics.

Valuation Metrics

Evenly matched — PSQH and REAL each lead in 1 of 2 comparable metrics.
MetricPSQH logoPSQHPSQ Holdings, Inc.REAL logoREALThe RealReal, Inc.
Market CapShares × price$36M$3.6B
Enterprise ValueMkt cap + debt − cash$28M$3.9B
Trailing P/EPrice ÷ TTM EPS-1.36x-18.24x
Forward P/EPrice ÷ next-FY EPS est.307.69x
PEG RatioP/E ÷ EPS growth rate
EV / EBITDAEnterprise value multiple430.51x
Price / SalesMarket cap ÷ Revenue1.97x5.19x
Price / BookPrice ÷ Book value/share2.54x
Price / FCFMarket cap ÷ FCF195.62x
Evenly matched — PSQH and REAL each lead in 1 of 2 comparable metrics.

Profitability & Efficiency

REAL leads this category, winning 4 of 6 comparable metrics.

On the Piotroski fundamental quality scale (0–9), REAL scores 5/9 vs PSQH's 4/9, reflecting solid financial health.

MetricPSQH logoPSQHPSQ Holdings, Inc.REAL logoREALThe RealReal, Inc.
ROE (TTM)Return on equity-182.1%
ROA (TTM)Return on assets-45.2%-17.3%
ROICReturn on invested capital-167.1%
ROCEReturn on capital employed-58.0%-15.0%
Piotroski ScoreFundamental quality 0–945
Debt / EquityFinancial leverage0.51x
Net DebtTotal debt minus cash-$8M$312M
Cash & Equiv.Liquid assets$15M$151M
Total DebtShort + long-term debt$7M$463M
Interest CoverageEBIT ÷ Interest expense-10.52x-5.83x
REAL leads this category, winning 4 of 6 comparable metrics.

Total Returns (Dividends Reinvested)

REAL leads this category, winning 6 of 6 comparable metrics.

A $10,000 investment in REAL five years ago would be worth $5,439 today (with dividends reinvested), compared to $762 for PSQH. Over the past 12 months, REAL leads with a +75.9% total return vs PSQH's -59.4%. The 3-year compound annual growth rate (CAGR) favors REAL at 108.4% vs PSQH's -58.3% — a key indicator of consistent wealth creation.

MetricPSQH logoPSQHPSQ Holdings, Inc.REAL logoREALThe RealReal, Inc.
YTD ReturnYear-to-date-31.3%-21.5%
1-Year ReturnPast 12 months-59.4%+75.9%
3-Year ReturnCumulative with dividends-92.8%+805.1%
5-Year ReturnCumulative with dividends-92.4%-45.6%
10-Year ReturnCumulative with dividends-92.4%-57.1%
CAGR (3Y)Annualised 3-year return-58.3%+108.4%
REAL leads this category, winning 6 of 6 comparable metrics.

Risk & Volatility

REAL leads this category, winning 2 of 2 comparable metrics.

REAL is the less volatile stock with a 2.95 beta — it tends to amplify market swings less than PSQH's 3.41 beta. A beta below 1.0 means the stock typically moves less than the S&P 500. REAL currently trades 71.3% from its 52-week high vs PSQH's 25.9% drawdown — a narrower gap to the peak suggests stronger recent price momentum.

MetricPSQH logoPSQHPSQ Holdings, Inc.REAL logoREALThe RealReal, Inc.
Beta (5Y)Sensitivity to S&P 5003.41x2.95x
52-Week HighHighest price in past year$2.84$17.39
52-Week LowLowest price in past year$0.48$4.70
% of 52W HighCurrent price vs 52-week peak+25.9%+71.3%
RSI (14)Momentum oscillator 0–10066.866.3
Avg Volume (50D)Average daily shares traded766K3.3M
REAL leads this category, winning 2 of 2 comparable metrics.

Analyst Outlook

Insufficient data to determine a leader in this category.
MetricPSQH logoPSQHPSQ Holdings, Inc.REAL logoREALThe RealReal, Inc.
Analyst RatingConsensus buy/hold/sellBuy
Price TargetConsensus 12-month target$18.17
# AnalystsCovering analysts25
Dividend YieldAnnual dividend ÷ price
Dividend StreakConsecutive years of raises
Dividend / ShareAnnual DPS
Buyback YieldShare repurchases ÷ mkt cap0.0%0.0%
Insufficient data to determine a leader in this category.
Key Takeaway

REAL leads in 4 of 6 categories — strongest in Income & Cash Flow and Profitability & Efficiency. 1 category is tied.

Best OverallThe RealReal, Inc. (REAL)Leads 4 of 6 categories
Loading custom metrics...

PSQH vs REAL: Frequently Asked Questions

8 questions · data-driven answers · updated daily

01

Is PSQH or REAL a better buy right now?

For growth investors, The RealReal, Inc.

(REAL) is the stronger pick with 15. 4% revenue growth year-over-year, versus -21. 5% for PSQ Holdings, Inc. (PSQH). Analysts rate The RealReal, Inc. (REAL) a "Buy" — based on 25 analyst ratings — the highest consensus in this comparison. The "better buy" depends entirely on your goals: growth investors should weight revenue trajectory, value investors should weight P/E and PEG, and income investors should weight dividend yield and streak.

02

Which is the better long-term investment — PSQH or REAL?

Over the past 5 years, The RealReal, Inc.

(REAL) delivered a total return of -45. 6%, compared to -92. 4% for PSQ Holdings, Inc. (PSQH). Over 10 years, the gap is even starker: REAL returned -57. 1% versus PSQH's -92. 4%. Past returns do not guarantee future results, and the stock with the higher historical return may already have its best growth priced in.

03

Which is safer — PSQH or REAL?

By beta (market sensitivity over 5 years), The RealReal, Inc.

(REAL) is the lower-risk stock at 2. 95β versus PSQ Holdings, Inc. 's 3. 41β — meaning PSQH is approximately 16% more volatile than REAL relative to the S&P 500.

04

Which is growing faster — PSQH or REAL?

By revenue growth (latest reported year), The RealReal, Inc.

(REAL) is pulling ahead at 15. 4% versus -21. 5% for PSQ Holdings, Inc. (PSQH). On earnings-per-share growth, the picture is similar: PSQ Holdings, Inc. grew EPS 70. 0% year-over-year, compared to 45. 2% for The RealReal, Inc.. Over a 3-year CAGR, PSQH leads at 237. 1% annualised revenue growth. Higher growth typically commands a higher valuation multiple — check whether the premium P/E or P/S is justified by the growth rate using the PEG ratio.

05

Which has better profit margins — PSQH or REAL?

The RealReal, Inc.

(REAL) is the more profitable company, earning -6. 0% net margin versus -136. 8% for PSQ Holdings, Inc. — meaning it keeps -6. 0% of every revenue dollar as bottom-line profit. Operating margin tells a similar story: REAL leads at -3. 5% versus -175. 6% for PSQH. At the gross margin level — before operating expenses — REAL leads at 69. 8%, reflecting greater pricing power or product mix advantage. Stronger margins indicate durable pricing power, lower cost of revenue, or higher mix of software/services. They are one of the clearest signs of business quality.

06

Which pays a better dividend — PSQH or REAL?

None of the stocks in this comparison currently pay a material dividend.

All are effectively zero-yield and should be held for capital appreciation rather than income.

07

Is PSQH or REAL better for a retirement portfolio?

For long-horizon retirement investors, The RealReal, Inc.

(REAL) is the stronger choice — it scores higher on the combination of lower volatility, dividend reliability, and long-term compounding. PSQ Holdings, Inc. (PSQH) carries a higher beta of 3. 41 — meaning larger drawdowns in market downturns, which matters significantly when you cannot wait years for a recovery. Both have compounded well over 10 years (REAL: -57. 1%, PSQH: -92. 4%), confirming both are viable long-term holds — but the lower-volatility option typically results in less emotional selling during corrections. Retirement portfolios generally favour predictability over maximum returns. Consult a financial advisor before making allocation decisions.

08

What are the main differences between PSQH and REAL?

These companies operate in different sectors (PSQH (Technology) and REAL (Consumer Cyclical)), which means they face different economic cycles, regulatory environments, and macro sensitivities — making direct comparison nuanced.

In terms of investment character: PSQH is a small-cap quality compounder stock; REAL is a small-cap high-growth stock. These fundamental differences mean investors should not choose between them on a single metric — the "better stock" depends entirely on which of these characteristics aligns with your investment strategy.

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Stocks Like

PSQH

High-Growth Disruptor

  • Sector: Technology
  • Market Cap > $100B
  • Revenue Growth > 10%
  • Gross Margin > 29%
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REAL

High-Growth Disruptor

  • Sector: Consumer Cyclical
  • Market Cap > $100B
  • Revenue Growth > 9%
  • Gross Margin > 44%
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(PSQH: 20.9% · REAL: 18.5%)

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