# Pitney Bowes Inc. (PBI)

> Source: Nexqual · https://nexqual.com/PBI · data as of 2026-10-15 20:00 UTC · cite as "Nexqual, Pitney Bowes Inc. (PBI), nexqual.com/PBI" · informational, not investment advice.

**Price:** USD 17.29 (+3.22% on the day) · last close of Oct 15, 2026; US market closed, not a live price. Prev close 16.75 · day 16.78–17.29 · 52w 8.95–19.07 · market cap $2.37B · NYQ

## Key facts
- Last four reported quarters (through Jun 30, 2026): revenue $1.87B, net income $187M (10.0% margin), free cash flow $415M (SEC filings).
- Valuation: P/E 12.7x (avg 12.6x at the last 1 fiscal year-ends), net debt $1.76B.
- Analysts: Hold (mean 2.60 on a 1–5 scale) (5 analysts), mean target USD 19.56 (range 17.3–22).
- Total return with dividends: 1Y +59.9% vs S&P 500 +18.1%; 5Y +196.7% vs S&P 500 +85.1%.
- Next earnings: 2026-10-28, EPS estimate USD 0.36, revenue estimate $453M.

## Financials (SEC 10-K; TTM = last four 10-Q/10-K quarters)
| USD | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | TTM |
|---|---|---|---|---|---|---|
| Revenue | $3.67B | $2.48B | $2.08B | $2.03B | $1.89B | $1.87B |
| Gross profit | $1.12B | — | $1.03B | $1.06B | — | — |
| Net income | -$1.4M | $36.9M | -$386M | -$204M | $145M | $187M |
| EPS (diluted) | -$0.01 | $0.21 | -$2.20 | -$1.12 | $0.84 | — |
| Free cash flow | $117M | $92.4M | $2.0M | $157M | $317M | $415M |
| Gross margin | 30.5% | — | 49.6% | 52.4% | — | — |
| Net margin | 0.0% | 1.5% | -18.5% | -10.0% | 7.6% | 10.0% |
| Revenue growth | +3.4% | -32.4% | -16.3% | -2.5% | -6.6% | — |
| Cash + short-term investments | $747M | $680M | $622M | $486M | $297M | — |
| Total debt | $2.32B | $2.21B | $2.15B | $1.92B | $1.99B | — |
Fiscal years end Dec. EPS is split-adjusted.

## Valuation (price ÷ last four quarters, through Jun 30, 2026)
P/E 12.7x · P/S 1.3x · EV/Sales 2.2x · P/FCF 5.7x · FCF yield 17.52% · Earnings yield 7.90% · Dividend yield (paid, TTM) 2.29% · Net debt $1.76B · EV $4.13B
P/E at fiscal year-ends: Dec 2025 12.6x.

## Analysts
Consensus Hold (mean 2.60 on a 1–5 scale), 5 analysts; mean target USD 19.56 (low 17.3, high 22).
Rating changes, last 120 days:
| Date | Firm | Action | Rating | Price target |
|---|---|---|---|---|
| 2026-08-03 | Truist Securities | Target raised | Hold | $15 → $18 |
| 2026-07-31 | Citizens | Target raised | Market Outperform | $19 → $22 |

## Total return (dividends reinvested)
|  | 1Y (from 2025-10-16) | 5Y (from 2021-10-11) |
|---|---|---|
| Total return | +59.9% | +196.7% |
| S&P 500 (SPY) | +18.1% | +85.1% |
| Per year | +60.2% | +24.2% |
| Volatility (annualized) | 34.1% | 50.3% |
| Max drawdown | -23.3% (Oct 2025→Nov 2025) | -69.7% (Nov 2021→Sep 2022) |

## Peers (Integrated Freight & Logistics)
HUBG (Hub Group, Inc.) USD 27.49 +4.21% · GXO (GXO Logistics, Inc.) USD 46.55 +0.11% · LSTR (Landstar System, Inc.) USD 172.46 +3.25% · CYRX (CryoPort, Inc.) USD 17.07 +0.71% · FWRD (Forward Air Corporation) USD 15.84 +1.67% · RLGT (Radiant Logistics, Inc.) USD 9.07 +0.33%

## More
Full page: https://nexqual.com/PBI · Free keyless MCP server with the same data and citations: https://mcp.nexqual.com/mcp · Guide for agents: https://nexqual.com/agents · https://nexqual.com/llms.txt