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Pitney Bowes Inc.

PBI Industrials Integrated Freight & Logistics

Pitney Bowes Inc.’s revenue for fiscal 2025 (year ended December 2025) was $1.9 billion, down 6.61% from fiscal 2024. In the quarter to June 2026, revenue fell 2.25%, EPS grew 117.7%, free cash flow grew 37.1% and total debt rose 7.23%, each against the same quarter a year earlier. Dividend growth for five consecutive years; insiders bought in the last twelve months.

16.34 0.12 −0.73%
Market cap
$2.3B
P/E
13.1×
Fwd P/E
11.3×
Dividend yield
2.33%
F-score
7/9
Altman Z
2.22
Beneish M
−2.87
Dividend safety
64/100
Overview Business Profile Financial Analysis
Financials
Income Statement Balance Sheet Cash Flow Metrics & Ratios

Insider Decisions trades per month

Total buys 0.10
Total sells 89.04
Totals in millions of $.
Dec 25 Mar 26 Jun 26 Sep 26
Buy 1 — — 1 1 — — — — — — —
Sell — — — 2 1 4 5 1 2 2 3 1
Insider Ownership 1.29%

Capital & Financial Ratios $m

Market Cap 2,260.00
Revenue 1,866.21
Net Income 187.35
Free Cash Flow 415.24
Net Debt 1,755.14
Current Ratio 0.73 (below 1: weak)
Debt/Equity (2.36) (negative: negative equity)
P/E ratio 13.07
Fwd P/E 11.30
P/S ratio 1.20
P/B ratio 0.00
Past 5Y EPS Growth —
This Y EPS Growth 23.70% (at or above 15%: strong)
Next Y EPS Growth 7.09%
Next Y revenue growth (2.36%) (below 0%: weak)
Next 5Y EPS Growth 13.87%

Green and red mark values outside typical ranges. How we judge →

Valuation vs history

EV/Sales, ten years
EV/Sales is 2.1×, against a ten-year median of 1.2×; over the ten years it ranged from 0.6× in 2022 to 2.2× in 2026.
P/E against its own 10 years 48.77%
10-year low 10-year high
P/S against its own 10 years 95.56%
10-year low 10-year high
EV/Sales against its own 10 years 95.37%
10-year low 10-year high
EV/FCF against its own 10 years 3.16%
10-year low 10-year high

Dividends

Payout Ratio 0.31
Annual Dividend Rate 0.38
Annual Dividend Yield 2.33%
total individual payouts
2028 Powerpack
2027 Powerpack
2026 0.36
0.09
0.10
0.10
2025 0.30
0.06
0.07
0.08
0.09
2024 0.20
0.05
0.05
0.05
0.05
2023 0.20
0.05
0.05
0.05
0.05
2022 0.20
0.05
0.05
0.05
0.05
2021 0.20
0.05
0.05
0.05
0.05
2020 0.20
0.05
0.05
0.05
0.05
2019 0.20
0.05
0.05
0.05
0.05
2018 0.75
0.19
0.19
0.19
0.19
2017 0.75
0.19
0.19
0.19
0.19
2016 0.75
0.19
0.19
0.19
0.19
predictions special payouts not included in total or ratios

Assets vs Liabilities $m

2023 2024 2025 Q'26
Cash 622 486 297 279
Receivables 764 706 668 619
Inventory 63 60 66 63
Other 76 66 69 79
2,058 1,318 1,100 1,040
2023 2024 2025 Q'26
Payables 829 874 845 743
ST’ Debt 59 53 17 23
Other 717 716 652 618
1,898 1,673 1,548 1,418

Compound Annual Growth %

10y 5y 3y
Sales (6.17%) (11.84%) (8.65%)
Cash Flow (3.06%) 4.88% 29.85%
Earnings (9.85%) 0.00% 57.64%
Book Value 0.00% 0.00% 0.00%

Earnings Trends EPS, adjusted, against the consensus

Q2 FY26 Estimate 0.34 Actual 0.43

Earnings per share against the consensus, by quarter
Quarter Estimate Reported Result
Q3 FY25 0.32 0.31 Miss by 0.01
Q4 FY25 0.38 0.45 Beat by 0.07
Q1 FY26 0.47 0.47 Met by 0.00
Q2 FY26 0.34 0.43 Beat by 0.09
Q3 FY26 0.36 — Reports 28 October 2026

EPS $

Mar Jun Sep Dec Year
’26 0.39 0.36 — — —
’25 0.19 0.17 0.30 0.17 0.84
’24 (0.02) (0.14) (0.75) (0.21) (1.12)
’23 (0.04) (0.81) (0.07) (1.27) (2.20)
’22 0.12 0.02 0.03 0.04 0.21
’21 (0.18) 0.11 0.05 0.01 (0.01)
’20 (1.22) (0.02) 0.07 0.11 (1.06)
Fiscal quarters ending in the months shown.

Revenue $m

Mar Jun Sep Dec Year
’26 477 451 — — —
’25 493 462 460 478 1,893
’24 521 490 499 516 2,027
’23 835 776 503 526 2,079
’22 927 871 831 (146) 2,483
’21 915 899 875 984 3,674
’20 796 837 892 1,028 3,554
Fiscal quarters ending in the months shown.

Operating Cash Flow $m

Mar Jun Sep Dec Year
’26 44 153 — — —
’25 (17) 111 67 222 383
’24 (13) 93 15 134 229
’23 (40) 0 26 94 80
’22 11 35 (36) 166 175
’21 66 79 71 85 302
’20 (67) 154 105 111 302
Fiscal quarters ending in the months shown.

Free Cash Flow $m

Mar Jun Sep Dec Year
’26 28 134 — — —
’25 (34) 98 51 201 317
’24 (27) 76 (5) 112 157
’23 (68) (26) 30 66 2
’22 29 4 (70) 181 143
’21 23 40 14 42 119
’20 (93) 120 142 87 255
Fiscal quarters ending in the months shown.

Target Price Range

Analyst price targets

Recommendation Rating

2.6
1Buy 2 3Hold 4 5Sell

Ten years at a glance Fiscal years to December

Ten-year view Analyst estimates Powerpack
Group Line 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 Trend 10 yrs 2026e 2027e 2028e Next 3/yr
Price, $
Price, $ Low 14.22 9.50 5.51 3.14 1.67 6.15 2.30 2.80 3.68 6.88 (7.8%) ‡‡‡‡ ‡‡‡‡ ‡‡‡‡ ‡‡‡‡
High 21.81 16.60 14.80 8.32 7.70 15.50 6.92 4.85 8.80 13.11 (5.5%) ‡‡‡‡ ‡‡‡‡ ‡‡‡‡ ‡‡‡‡
People
People Employees 14,200 14,700 13,300 11,000 11,500 11,500 11,000 10,500 7,200 6,600 (8.2%) ‡‡‡‡ ‡‡‡‡ ‡‡‡‡ ‡‡‡‡
Revenue/emp, $m 0.21 0.19 0.24 0.29 0.31 0.32 0.23 0.20 0.28 0.29 +3.5% ‡‡‡‡ ‡‡‡‡ ‡‡‡‡ ‡‡‡‡
Income, $m
Income, $m Revenue 2,981 2,784 3,212 3,205 3,554 3,674 2,483 2,079 2,027 1,893 (4.9%) 1,848 1,837 1,837 (1.0%)
Gross margin, % 58.77 52.30 44.25 40.02 32.34 30.54 44.36 49.57 52.42 54.10 (4.7) pt
EBT 202 194 188 27 (183) (7) 189 (44) (52) 193 (0.5%)
EBT margin, % 6.77 6.96 5.86 0.83 (5.16) (0.20) 7.60 (2.11) (2.58) 10.17 +3.4 pt
Net income 112 244 242 194 (180) (1) 37 (386) (204) 145 +2.9%
Depreciation 322 127 155 170 370 170 120 247 137 119 (10.5%)
Per share, $
Per share, $ Revenue 15.86 14.94 17.15 18.19 20.72 21.12 14.28 11.84 11.29 11.03 (4.0%)
Earnings 0.50 1.40 1.19 1.10 (1.06) (0.01) 0.21 (2.20) (1.13) 0.84 +5.9%
Cash flow 2.64 2.44 1.84 1.52 1.76 1.73 1.01 0.46 1.28 2.23 (1.8%)
Capex (0.75) (0.63) (0.74) (0.78) (0.27) (1.05) (0.18) (0.44) (0.40) (0.39) (7.2%)
Free cash flow 1.89 1.80 1.10 0.74 1.49 0.69 0.82 0.01 0.87 1.85 (0.2%)
Book value (0.55) 1.01 0.54 1.62 0.41 0.65 0.35 (2.10) (3.22) (4.68) +26.8%
Shares, m 188 186 187 176 172 174 174 176 180 172 (1.0%)
Valuation, ×
Valuation, × P/E 32.37 8.14 4.93 3.57 0.00 0.00 19.14 0.00 0.00 12.58 8.1
P/S 1.00 0.76 0.34 0.22 0.30 0.31 0.28 0.29 0.65 0.96 0.5
P/B 0.00 11.29 10.91 2.48 14.96 10.24 11.53 0.00 0.00 0.00 6.1
EV/Sales 1.86 1.76 1.07 0.75 0.75 0.74 0.90 0.87 1.36 1.85 1.2
EV/FCF 15.63 14.58 16.66 18.45 10.50 22.88 15.53 1,155.85 17.55 11.07 129.9
Cash, $m
Cash, $m Operating cash flow 496 454 345 268 302 302 175 80 229 383 (2.8%)
Capex (142) (118) (138) (137) (47) (182) (32) (78) (72) (66) (8.1%)
Free cash flow 355 336 207 131 255 119 143 2 157 317 (1.2%)
Balance, $m
Balance, $m Working capital (2) 761 808 666 242 164 70 160 (355) (447) +78.5%
Total debt 3,365 3,830 3,266 2,740 2,564 2,324 2,205 2,146 1,920 1,993 (5.7%)
Net debt 2,562 2,772 2,339 1,699 1,624 1,577 1,524 1,524 1,434 1,696 (4.5%)
Shareholders’ equity (104) 189 102 286 71 113 61 (369) (578) (802) +25.5%
Returns, %
Returns, % ROA 1.55 3.89 3.83 3.41 (3.37) (0.03) 0.76 (8.56) (5.31) 4.41 +2.9 pt
ROIC 9.06 7.72 8.55 4.96 (2.63) 4.88 10.38 2.35 17.21 22.97 +13.9 pt
ROE 250.48 579.92 167.00 100.28 (101.13) (1.47) 42.64 250.47 43.00 (20.96) (271.4) pt
Negative figures in brackets.
estimates

All 10 years →

Fiscal years to Dec 2025 · latest quarter Jun 2026

Pitney Bowes Inc. vs peers in Integrated Freight & Logistics (Q) = latest quarter vs a year earlier

Company Market cap P/E Fwd P/E Revenue growth (Q) EPS growth (Q) FCF growth (Q) Gross margin (Q) EBIT margin (Q) Compare
CHRW C.H. Robinson Worldwide, Inc. $14.7B 23.6× 22.9× +19.28% (above 0%: growing) +24.41% (above 0%: growing) −91.47% (below 0%: shrinking) 14.96% 5.18% Compare
ZTO ZTO Express (Cayman) Inc. $10.9B 10.6× 10.0× +29.83% (above 0%: growing) +73.53% (above 0%: growing) +121.35% (above 0%: growing) 25.66% 22.19% Compare
GXO GXO Logistics, Inc. $5.7B 43.8× 29.7× +4.30% (above 0%: growing) −4.35% (below 0%: shrinking) +127.91% (above 0%: growing) 14.76% 2.24% Compare
LSTR Landstar System, Inc. $4.8B 37.1× 27.9× +18.09% (above 0%: growing) +20.00% (above 0%: growing) −950.32% (below 0%: shrinking) 21.71% 4.62% Compare
PBI Pitney Bowes Inc. $2.3B 13.1× 11.3× −2.25% (below 0%: shrinking) +117.65% (above 0%: growing) +37.11% (above 0%: growing) 53.66% 23.66%
HUBG Hub Group, Inc. $1.6B 15.3× 14.4× −5.31% (below 0%: shrinking) +23.08% (above 0%: growing) −37.43% (below 0%: shrinking) 26.84% 4.22% Compare
CYRX CryoPort, Inc. $926.4M — (loss-making) — (loss-making) +7.74% (above 0%: growing) n/m +35.91% (above 0%: growing) 46.61% (20.50%) Compare
FWRD Forward Air Corporation $603.7M — (loss-making) — (loss-making) +8.76% (above 0%: growing) n/m +59.37% (above 0%: growing) 49.11% (29.91%) Compare
RLGT Radiant Logistics, Inc. $426.6M 22.9× 22.9× +18.52% (above 0%: growing) +60.00% (above 0%: growing) −662.14% (below 0%: shrinking) 25.55% 3.26% Compare
Median of peers $3.2B 23.3× 22.9× +13.43% +23.75% −0.76% 25.61% 3.74%

All 32 Integrated Freight & Logistics stocks →

Pitney Bowes Inc. (PBI) Latest News

29 Oct

Impact 4 ·
Impact 4 ·
Impact 4 · transcript
Impact 4 ·
Impact 4 · transcript
Impact 3 ·

28 Oct

Impact 4 ·
Impact 3 ·
Impact 3 ·
Impact 3 ·

26 Oct

Impact 3 ·
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14 Oct

Impact 4 ·

8 Oct

Impact 3 ·

6 Oct

Impact 4 ·

5 Oct

Impact 3 ·

1 Oct

Impact 3 ·

30 Sep

Impact 4 ·

29 Sep

Impact 3 ·

28 Sep

Impact 4 ·

21 Sep

Impact 3 ·
Impact 3 ·

1 Sep

Impact 4 ·

22 Aug

Impact 3 ·

7 Aug

Impact 4 · transcript

4 Aug

Impact 3 ·

3 Aug

Impact 3 ·

1 Aug

Impact 4 ·
Impact 3 ·

31 Jul

Impact 3 · transcript
stockrow.com/PBI · Data as of Jun 30, 2026 · For information only; not investment advice. · © 2026 stockrow.com