Pitney Bowes IncPitney Bowes Inc
Pitney Bowes Inc

Pitney Bowes Inc

PBI
Industrials·Air Freight & Logistics

Pitney Bowes, Inc. is a global shipping and mailing company, which engages in the provision of technology, logistics, and financial services. It operates through the SendTech Solutions and Presort Services segments. The SendTech Solutions segment includes the revenue and related expenses from physical and digital mailing and shipping technology solutions, financing, services, supplies, and other applications to help simplify and save on the sending, tracking, and receiving of letters, parcels, and flats. The Presort Services segment focuses on the revenue and related expenses from sortation services to qualify large volumes of First-Class Mail, First Class Flats, Marketing Mail, and Marketing Mail Flats and Bound Printed Matter for postal work-sharing discounts. The company was founded by Arthur H. Pitney and Walter Bowes on April 23, 1920 and is headquartered in Shelton, CT.

Connecticut; U.S.A
Market cap
No dataNo data
Revenue
$1.9B−6.6% YoY
Net income
$144.7M+171.1% YoY
Free cash flow
$317M+102.2% YoY

Market

Listed stock
PBIPriceNYSE
Loading…Loading…1Y

Financial performance

Revenue
$1.9B−6.6% YoY
Operating income
$1.1B−16.9% YoY
Net income
$144.7M+171.1% YoY
Free cash flow
$317M+102.2% YoY

Revenue, profit & cash trend

Revenue
Operating income
Net income
Free cash flow
Reference
Revenue: 2021 $3.7B, 2022 $3.5B, 2023 $3.3B, 2024 $2B, 2025 $1.9B. Operating income: 2021 $2.6B, 2022 $2.5B, 2023 $2.2B, 2024 $1.4B, 2025 $1.1B. Net income: 2021 $-1.4M, 2022 $36.9M, 2023 $-385.6M, 2024 $-203.6M, 2025 $144.7M. Free cash flow: 2021 $117.5M, 2022 $51.1M, 2023 $-12.6M, 2024 $156.8M, 2025 $317M. Reference line: Reference at $0.

Growth & profitability

Revenue growth
-6.6%+3134 bps YoY
Gross margin
No dataNo data
Operating margin
No dataNo data
FCF margin
No dataNo data

Earnings power over time

Operating income
Net income
Free cash flow
Operating income: 2021-12-31 $2.6B, 2022-12-31 $2.5B, 2023-12-31 $2.2B, 2024-12-31 $1.4B, 2025-12-31 $1.1B. Net income: 2021-12-31 $-1.4M, 2022-12-31 $36.9M, 2023-12-31 $-385.6M, 2024-12-31 $-203.6M, 2025-12-31 $144.7M. Free cash flow: 2021-12-31 $117.5M, 2022-12-31 $51.1M, 2023-12-31 $-12.6M, 2024-12-31 $156.8M, 2025-12-31 $317M

Growth heatmap

2022202320242025CAGR
Revenue
-3.7%
-7.7%
-38.0%
-6.6%
-15.3%
Gross profit
+19.5%
-7.7%
-45.3%
+5.6%
-10.6%
Operating income
-4.2%
-11.9%
-38.6%
-16.9%
-19.0%
Free cash flow
-56.5%
-124.7%
+1343.4%
+102.2%
+28.2%

Earnings quality

Operating cash flow
$383.3M+67.2% YoY
Net income
$144.7M+171.1% YoY
Free cash flow
$317M+102.2% YoY
Diluted EPS
No dataNo data

Cash conversion quality

Operating cash flow
Free cash flow
Net income = 100%
Operating cash flow: 2025-12-31 265%, 2024-12-31 -113%, 2023-12-31 -23%, 2022-12-31 476%, 2021-12-31 -22318%. Free cash flow: 2025-12-31 219%, 2024-12-31 -77%, 2023-12-31 3%, 2022-12-31 138%, 2021-12-31 -8695%. Reference line: Net income = 100% at 100%.

Per-share economics

Diluted EPS
Latest
No data
FCF / share
Latest
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Diluted shares
Latest
No data

Financial flexibility

Cash & equivalents
No dataNo data
Total debt
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Net debt
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Current ratio
No dataNo data

Cash Coverage of Debt

Cash / Total debt
No data

Returns

Return on equity
No dataNo data
Return on assets
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Return on invested capital
No dataNo data
Asset turnover
No dataNo data

Return on capital

No data

Valuation

Price to earnings
No dataNo data
Price to sales
No dataNo data
EV / EBITDA
No dataNo data
Free cash flow yield
No dataNo data

Valuation vs its own 5Y history

Metric
Own five-year range
Current
Own 5Y median
Position in own range
Price to earnings
No data
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Price to sales
No data
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EV / EBITDA
No data
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Free cash flow yield
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