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Pitney Bowes Inc. provides digital shipping solutions, mailing innovation, and financial services worldwide. It operates through SendTech Solutions and Presort Services segments. The SendTech Solutions segment offers physical and digital shipping and mailing technology solutions and other applications for sending, tracking, and receiving of letters, parcels and flats, as well as supplies and maintenance services. This segment also provides financing alternatives to finance other manufacturers' equipment and product purchases. The Presort Services segment operates as a workshare partner of the United States Postal Service; and offers mail sortation services. It markets its products, solutions, and services through direct and inside sales force, partner channels, direct mailings, and digital channels. The company was formerly known as Pitney Bowes Postage Meter Company. Pitney Bowes Inc. was incorporated in 1920 and is headquartered in Shelton, Connecticut.
5-year financial trends. Figures in USD millions.
Latest fiscal year: 2025
Year-by-year revenue, profitability, and cash flow (USD millions, last 10 years)
| Year | Revenue | EBITDA | Net Profit | FCF | ROE | Rev Growth 1Y | NP Growth 1Y |
|---|---|---|---|---|---|---|---|
| 2025 | $1.9B | $406M | $145M | $317M | -18.0% | -6.6% | -171.1% |
| 2024 | $2.0B | $172M | $-204M | $157M | 35.2% | -2.5% | -47.2% |
| 2023 | $2.1B | $168M | $-386M | $2M | 104.6% | -16.3% | -1143.9% |
| 2022 | $2.5B | $387M | $37M | $92M | 60.9% | - | - |
| 2021 | - | - |
Income statement, balance sheet, and cash flow as reported
Consolidated Figures in USD Millions.
| Metric | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Total Revenue | - | 2,482.88 | 2,078.93 | 2,026.60 | 1,892.63 |
| Cost Of Revenue | - | 1,381.47 | 1,048.32 | 964.30 | 868.77 |
| Gross Profit | - | 1,101.41 | 1,030.61 | 1,062.30 | 1,023.86 |
| Operating Expense | - | 821.01 | 811.10 | 749.85 | 636.84 |
| Operating Income | - | 280.40 | 219.52 | 312.45 | 387.02 |
| EBITDA | - | 387.12 | 167.57 | 172.25 | 405.56 |
| EBIT | - | 275.96 | 54.85 | 57.77 | 293.98 |
| Pretax Income | - | 188.65 | -43.92 | -52.33 | 192.52 |
| Tax Provision | - | 42.96 | 17.35 | -154.83 | 47.83 |
| Net Income | - | 36.94 | -385.63 | -203.60 | 144.70 |
| Net Income Common Stockholders | - | 36.94 | -385.63 | -203.60 | 144.70 |
| Total Expenses | - | 2,202.48 | 1,859.41 | 1,714.15 | 1,505.61 |
| Interest Expense | - | 87.31 | 98.77 | 110.09 | 101.46 |
| Research And Development | - | 35.46 | 29.49 | 31.96 | 15.28 |
| Selling General And Administration | - | 785.54 | 781.61 | 717.89 | 621.57 |
| Normalized EBITDA | - | 387.26 | 340.50 | 337.89 | 491.05 |
| Normalized Income | - | 145.80 | 75.34 | 233.36 | 208.99 |
| Market Cap | 2,329.27 | 2,329.27 | 2,329.27 | 2,329.27 | 2,329.27 |
Industrials sector peers, ranked by market cap
| Company | Ticker | Market Cap | P/E | P/B | ROE | EV/EBITDA |
|---|---|---|---|---|---|---|
| Pitney Bowes Inc.this co. | PBI | $2.7B | 16.10↓ discount | -2.90 | -18.0% | 10.27 |
| ArcBest Corporation | ARCB | $2.8B | 45.45 | 2.11 | 4.6% | 11.64 |
| Worthington Enterprises, Inc. | WOR | $2.7B | 28.47 | 2.92 | 10.2% | 15.69 |
| DXP Enterprises, Inc. | DXPE | $2.7B | 29.67 | 5.28 | 17.8% | 14.78 |
| Hub Group, Inc. | HUBG | $2.6B | 25.22 |
| - |
| - |
| - |
| - |
| - |
| 1.59 |
| 6.3% |
| 8.93 |
| The GEO Group, Inc. | GEO | $2.6B | 9.82 | 1.66 | 16.9% | 6.62 |
| Trinity Industries, Inc. | TRN | $2.6B | 10.02 | 2.35 | 23.5% | 8.15 |
| Robert Half Inc. | RHI | $2.6B | 19.72 | 2.06 | 10.4% | 15.20 |
| ABM Industries Incorporated | ABM | $2.5B | 14.47 | 1.32 | 9.1% | 9.30 |
| Peer Median | - | 22.47 | 2.08 | 10.3% | 10.47 | |