PBINYSEOffice Machines, NECFiscal year ends December 31Also trades as PBI.PB
PITNEY BOWES INC /DE/
Financials through Q2 FY2026, quarter ended Jun 30, 2026Last filing: 10-Q on Jul 30, 2026
$16.84−0.20 (-1.17%)
Close on Oct 19, 2026
- Market cap
- $2.34B
- P/E (TTM)
- 13.8
- Dividend yield
- 1.78%
Margins
Share of revenue, fiscal years 2011 to 2025
Gross margin
–
Net margin
7.6%+12.7 pts over 5 years
Growth rates
Compound annual growth to fiscal 2025
| Per year | 1 year | 3 years | 5 years | 10 years | Five-year pace |
|---|---|---|---|---|---|
| Revenue | -6.6% | -8.7% | -11.8% | -6.2% | |
| Net income | – | +57.6% | – | -9.8% | |
| EPS, diluted | – | +58.7% | – | -8.4% | |
| Free cash flow | +102.2% | +50.8% | +10.0% | -1.2% | |
| Dividend per share | +50.0% | +14.5% | +8.4% | -8.8% |
Returns and balance sheet
10 fiscal years. Hover a measure to see how it is calculated.
| Measure | FY2016 | FY2020 | FY2025 | Trend |
|---|---|---|---|---|
| Return on equity | 247.3% | -100.3% | -21.0% | |
| Return on assets | 1.6% | -3.4% | 4.4% | |
| Current ratio | 1.00 | 1.13 | 0.71 | |
| Debt to equity | -32.46 | 36.31 | -2.48 | |
| Inventory turnover | 16.7× | 34.4× | – | |
| Capex to revenue | 5.3% | 3.0% | 3.5% | |
| Diluted shares | 189M | 172M | 173M |
Where the cash went
Fiscal 2021 to 2025, five years combined
Pitney Bowes generated $1.17B from operations and spent $1.07B on capital expenditure, dividends and share buybacks. 45% of that went back into the business.
Generated
$1.17B
Used
$1.07B
Capital expenditure$483.46M45%Dividends$191.75M18%Share buybacks$391.81M37%
DuPont analysis
Return on equity split into margin, efficiency and leverage
Net margin7.6%
×Asset turnover0.58×
×Equity multiplier-4.76×
=Return on equity, FY2025-21.0%
| Fiscal year | Net margin | Asset turnover | Equity multiplier | Return on equity |
|---|---|---|---|---|
| FY2025 | 7.6% | 0.58× | -4.76× | -21.0% |
| FY2024 | -10.0% | 0.53× | -8.10× | 43.0% |
| FY2023 | -18.5% | 0.46× | -29.27× | 250.5% |
| FY2022 | 1.5% | 0.51× | 55.98× | 42.6% |
| FY2021 | -0.0% | 0.72× | 55.57× | -1.5% |
| FY2020 | -5.1% | 0.66× | 29.73× | -100.3% |
| FY2019 | 6.1% | 0.56× | 29.18× | 99.4% |
| FY2018 | 7.5% | 0.51× | 94.97× | 365.3% |
| FY2017 | 8.7% | 0.45× | -170.60× | -666.2% |
| FY2016 | 3.1% | 0.50× | 159.34× | 247.3% |
Piotroski F-Score
Nine tests of profitability, balance sheet and efficiency, fiscal 2025 against fiscal 2024
6of 8 tests passed in fiscal 2025. Some tests lack the figures they need.
- ProfitableNet income above zero$144.70M
- Cash generatingOperating cash flow above zero$383.26M
- Return on assets improvedROA up on the prior year-4.8% → 4.3%
- Earnings backed by cashOperating cash flow above net income$383.26M vs $144.70M
- Less leverageLong-term debt to assets fell54.9% → 62.4%
- Better liquidityCurrent ratio rose0.79 → 0.71
- No dilutionShare count did not rise183M → 173M
- Gross margin improvedGross margin up on the prior year52.42% → –
- More efficientAsset turnover rose0.47 → 0.56