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.
Rule-based from financial data. Not advice.
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 |
| Operating 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 |
| Research And Development | - | 35.46 | 29.49 | 31.96 | 15.28 |
| Selling General And Administration | - | 785.54 | 781.61 | 717.89 | 621.57 |
| Total Expenses | - | 2,202.48 | 1,859.41 | 1,714.15 | 1,505.61 |
| Operating Income | - | 280.40 | 219.52 | 312.45 | 387.02 |
| EBITDA | - | 387.12 | 167.57 | 172.25 | 405.56 |
| Normalized EBITDA | - | 387.26 | 340.50 | 337.89 | 491.05 |
| EBIT | - | 275.96 | 54.85 | 57.77 | 293.98 |
| Interest Expense | - | 87.31 | 98.77 | 110.09 | 101.46 |
| Net Interest Income | - | -87.31 | -98.77 | -110.09 | -101.46 |
| Other Non Operating Income Expenses | - | -4.31 | 8.26 | -89.04 | -7.54 |
| Other Income Expense | - | -4.44 | -164.67 | -254.68 | -93.03 |
| Interest Expense Non Operating | - | 87.31 | 98.77 | 110.09 | 101.46 |
| Net Non Operating Interest Income Expense | - | -87.31 | -98.77 | -110.09 | -101.46 |
| Pretax Income | - | 188.65 | -43.92 | -52.33 | 192.52 |
| Tax Provision | - | 42.96 | 17.35 | -154.83 | 47.83 |
| Tax Rate For Calcs | - | 0 | 0 | 0 | 0 |
| Tax Effect Of Unusual Items | - | -0.03 | -36.31 | -34.78 | -21.20 |
| Net Income Continuous Operations | - | 145.70 | -61.27 | 102.50 | 144.70 |
| Net Income From Continuing And Discontinued Operation | - | 36.94 | -385.63 | -203.60 | 144.70 |
| Net Income From Continuing Operation Net Minority Interest | - | 145.70 | -61.27 | 102.50 | 144.70 |
| Net Income | - | 36.94 | -385.63 | -203.60 | 144.70 |
| Net Income Common Stockholders | - | 36.94 | -385.63 | -203.60 | 144.70 |
| Net Income Including Noncontrolling Interests | - | 36.94 | -385.63 | -203.60 | 144.70 |
| Normalized Income | - | 145.80 | 75.34 | 233.36 | 208.99 |
| Diluted NI Availto Com Stockholders | - | 36.94 | -385.63 | -203.60 | 144.70 |
| Basic Average Shares | - | 175.90 | 175.28 | 179.51 | 171.60 |
| Diluted Average Shares | - | 177.25 | 175.64 | 182.53 | 173.04 |
| Reconciled Depreciation | - | 111.17 | 112.72 | 114.48 | 111.58 |
| Reconciled Cost Of Revenue | - | 1,381.47 | 1,048.32 | 964.30 | 868.77 |
| Total Unusual Items | - | -0.14 | -172.92 | -165.64 | -85.49 |
| Total Unusual Items Excluding Goodwill | - | -0.14 | -172.92 | -165.64 | -85.49 |
| Net Income Discontinuous Operations | - | -108.76 | -324.36 | -306.10 | 0 |
| Special Income Charges | - | -0.14 | -172.92 | -165.64 | -85.49 |
| Gain On Sale Of Business | 10.20 | 7.69 | 0 | 0 | - |
| Other Special Charges | - | 4.99 | -3.06 | 10.89 | 14.07 |
| Write Off | - | 0 | 0 | 10 | 0 |
| Impairment Of Capital Assets | - | 0 | 123.57 | 0 | 0 |
| Restructuring And Mergern Acquisition | - | 17.21 | 52.41 | 144.75 | 71.42 |
| Gain On Sale Of Ppe | 1.43 | 14.37 | 0 | 0 | - |
| Rent Expense Supplemental | 24.43 | 25.10 | 19.61 | 17.46 | - |
Industrials sector peers, ranked by market cap
| Company | Ticker | Market Cap | P/E | P/B | ROE | EV/EBITDA |
|---|---|---|---|---|---|---|
| Pitney Bowes Inc.this co. | PBI | $2.3B | 15.67↓ discount | -2.83 | -18.0% | 10.12 |
| Hub Group, Inc. | HUBG | $2.7B | 25.63 | 1.62 | 6.3% | 9.06 |
| Werner Enterprises, Inc. | WERN | $2.6B | - | 1.90 | -1.1% | 10.78 |
| Trinity Industries, Inc. | TRN | $2.6B | 10.23 | 2.40 | 23.5% | 8.20 |
| Kennametal Inc. | KMT | $2.5B | 26.92 |
| - |
| - |
| - |
| - |
| - |
| 1.95 |
| 7.3% |
| 10.26 |
| DXP Enterprises, Inc. | DXPE | $2.5B | 28.20 | 5.02 | 17.8% | 14.18 |
| DNOW Inc. | DNOW | $2.5B | -27.69 | 1.10 | -4.0% | -99.50 |
| ABM Industries Incorporated | ABM | $2.3B | 14.37 | 1.31 | 9.1% | 9.26 |
| CoreCivic, Inc. | CXW | $2.3B | 19.57 | 1.62 | 8.3% | 10.14 |
| Peer Median | - | 19.57 | 1.76 | 7.8% | 9.70 | |
Historically, Nov has averaged the highest return (+11.6%); Sep the lowest (-7.2%).
| Year | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | -1.3%Neutral MonthJan 2026: -1.32% | +2.9%Positive MonthFeb 2026: +2.88% | +3.0%Positive MonthMar 2026: +2.98% | +39.9%Positive MonthApr 2026: +39.91% | +4.1%Positive MonthMay 2026: +4.14% | +8.8%Positive MonthJun 2026: +8.82% | +0.1%Neutral MonthJul 2026: +0.06% | -8.2%*Negative MonthAug 2026: -8.21% | — | — | — | — |
| 2025 | +23.1%Positive MonthJan 2025: +23.07% | +21.5%Positive MonthFeb 2025: +21.55% | -16.4%Negative MonthMar 2025: -16.44% | -4.1%Negative MonthApr 2025: -4.09% | +18.7%Positive MonthMay 2025: +18.66% | +5.9%Positive MonthJun 2025: +5.92% | +4.1%Positive MonthJul 2025: +4.12% | +6.7%Positive MonthAug 2025: +6.69% | -5.9%Negative MonthSep 2025: -5.86% | -13.4%Negative MonthOct 2025: -13.41% | -0.2%Neutral MonthNov 2025: -0.20% | +7.2%Positive MonthDec 2025: +7.20% |
| 2024 | -6.6%Negative MonthJan 2024: -6.59% | -1.9%Neutral MonthFeb 2024: -1.95% | +7.4%Positive MonthMar 2024: +7.44% | -1.6%Neutral MonthApr 2024: -1.62% | +27.2%Positive MonthMay 2024: +27.23% | -6.3%Negative MonthJun 2024: -6.27% | +29.9%Positive MonthJul 2024: +29.92% | +7.1%Positive MonthAug 2024: +7.12% | +0.8%Neutral MonthSep 2024: +0.85% | +1.1%Neutral MonthOct 2024: +1.12% | +11.8%Positive MonthNov 2024: +11.79% | -10.2%Negative MonthDec 2024: -10.17% |
| 2023 | +13.4%Positive MonthJan 2023: +13.42% | +0.7%Neutral MonthFeb 2023: +0.70% | -10.4%Negative MonthMar 2023: -10.37% | -9.8%Negative MonthApr 2023: -9.77% | -5.4%Negative MonthMay 2023: -5.41% | +6.6%Positive MonthJun 2023: +6.63% | +11.3%Positive MonthJul 2023: +11.30% | -16.5%Negative MonthAug 2023: -16.50% | -8.2%Negative MonthSep 2023: -8.21% | +7.0%Positive MonthOct 2023: +6.95% | +25.1%Positive MonthNov 2023: +25.08% | +8.9%Positive MonthDec 2023: +8.91% |
| 2022 | -7.1%Negative MonthJan 2022: -7.09% | -19.2%Negative MonthFeb 2022: -19.16% | +4.4%Positive MonthMar 2022: +4.42% | +1.3%Neutral MonthApr 2022: +1.35% | -11.2%Negative MonthMay 2022: -11.20% | -22.6%Negative MonthJun 2022: -22.65% | -9.7%Negative MonthJul 2022: -9.67% | -11.6%Negative MonthAug 2022: -11.62% | -19.4%Negative MonthSep 2022: -19.38% | +33.5%Positive MonthOct 2022: +33.48% | +22.8%Positive MonthNov 2022: +22.83% | -0.5%Neutral MonthDec 2022: -0.52% |
| 2021 | — | — | — | — | +12.2%Positive MonthMay 2021: +12.18% | +4.7%Positive MonthJun 2021: +4.65% | -8.8%Negative MonthJul 2021: -8.78% | -6.6%Negative MonthAug 2021: -6.63% | -3.5%Negative MonthSep 2021: -3.48% | -3.7%Negative MonthOct 2021: -3.74% | -1.6%Neutral MonthNov 2021: -1.59% | -2.9%Negative MonthDec 2021: -2.93% |
| Avg±SD |
Each cell is the percentage change in closing price from the end of the prior month to the end of this month. The bottom row shows the average return for that calendar month across the selected years, plus or minus one standard deviation — the range that historically contained roughly two-thirds of outcomes. Past monthly patterns are not a forecast of future returns.
This aggregates every month by calendar position — all Januaries together, all Februaries together, and so on — to show whether a given month has leaned positive or negative historically. ‘Simple’ counts each month as +1 or −1. ‘Weighted’ gives larger moves more influence: +2 above +10%, −2 below −10%. With only 6 years of history for this asset, each month’s score reflects a small number of observations — read it as a historical tendency, not a reliable seasonal pattern.
This tracks a running tally across the asset’s full price history: each month adds or subtracts based on whether it was positive or negative. A rising line means more positive months than negative so far; a flattening or falling line means recent months have leaned negative. This measures historical month-to-month consistency, not expected future performance.
Year-to-date return is calculated by dividing each day’s closing price by the price on January 1st of that year (or the asset’s first available price if it began trading mid-year). The custom average line shows the mean YTD return at each calendar day across the selected years. The standard deviation band shows the range within which returns have historically fallen — at 1 SD, roughly two-thirds of years; at 2 SD, roughly 95%. Past year-to-date patterns do not predict future returns. The average and standard deviation band are computed from the year set chosen in “Average from”, which is independent of which year lines are displayed. The current in-progress year is excluded from these calculations, since a partial year is not comparable to complete ones. Election-cycle groupings follow the US presidential calendar and are offered only for US and crypto assets.