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PITNEY BOWES INC /DE/

PBI Clue Score58
United States Fiscal year ends December CIK 0000078814
$16.80 -1.06% Close, 9 Oct 2026
Alert on the numbers Alert on insider trades
Price $16.80 +137.96% Close, 9 Oct 2026

Closing prices at the end of each trading day, from 11 Oct 2016. Not a live quote. Adjusted for share splits, so the line has no step at a split; dividends are not added back. P/E and P/FCF are the market value over the last full fiscal year's net income or free cash flow, as public on each day, so they step once a year when the annual report comes out. A hatched band marks a stretch with none: a year of net loss, or of cash burnt.

Revenue and profit

What the business sells, and what is left of it. Point at a year for the detail.
RevenueNet income
Fiscal year 2016Revenue2,981.3Net income92.8EPS, diluted0.49Fiscal year 2017Revenue2,784.0 −6.6%Net income243.5 +162.4%EPS, diluted1.30 +165.3%Fiscal year 2018Revenue2,629.5 −5.5%Net income241.8 −0.7%EPS, diluted1.28 −1.5%Fiscal year 2019Revenue3,205.1 +21.9%Net income194.3 −19.6%EPS, diluted1.10 −14.1%Fiscal year 2020Revenue3,554.1 +10.9%Net income−180.4 −192.8%EPS, diluted−1.05 −195.5%Fiscal year 2021Revenue3,673.6 +3.4%Net income−1.4EPS, diluted−0.01Fiscal year 2022Revenue2,482.9 −32.4%Net income36.9EPS, diluted0.21Fiscal year 2023Revenue2,078.9 −16.3%Net income−385.6 −1,143.9%EPS, diluted−2.20 −1,147.6%Fiscal year 2024Revenue2,026.6 −2.5%Net income−203.6EPS, diluted−1.12Fiscal year 2025Revenue1,892.6 −6.6%Net income144.7EPS, diluted0.84
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Revenue 2,981.3 2,784.0 2,629.5 3,205.1 3,554.1 3,673.6 2,482.9 2,078.9 2,026.6 1,892.6
Growth −6.6% −5.5% +21.9% +10.9% +3.4% −32.4% −16.3% −2.5% −6.6%
Net income 92.8 243.5 241.8 194.3 −180.4 −1.4 36.9 −385.6 −203.6 144.7
Growth +162.4% −0.7% −19.6% −192.8% −1,143.9%
EPS, diluted 0.49 1.30 1.28 1.10 −1.05 −0.01 0.21 −2.20 −1.12 0.84
Growth +165.3% −1.5% −14.1% −195.5% −1,147.6%

Margins

How much of each dollar of revenue it keeps. Point at a year for the detail.
Net margin
Fiscal year 2016Net margin3.1%Free cash flow margin11.3%Fiscal year 2017Net margin8.7%Free cash flow margin12.1%Fiscal year 2018Net margin9.2%Free cash flow margin7.9%Fiscal year 2019Net margin6.1%Free cash flow margin4.1%Fiscal year 2020Net margin−5.1%Free cash flow margin5.5%Fiscal year 2021Net margin−0.0%Free cash flow margin3.2%Fiscal year 2022Net margin1.5%Free cash flow margin3.7%Fiscal year 2023Net margin−18.5%Free cash flow margin0.1%Fiscal year 2024Net margin−10.0%Free cash flow margin7.7%Fiscal year 2025Net margin7.6%Free cash flow margin16.7%
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Net margin 3.1% 8.7% 9.2% 6.1% −5.1% −0.0% 1.5% −18.5% −10.0% 7.6%
Free cash flow margin 11.3% 12.1% 7.9% 4.1% 5.5% 3.2% 3.7% 0.1% 7.7% 16.7%

Cash flow

The cash the business makes, what it reinvests, and what it hands back. Point at a year for the detail.
Operating cash flowCapital expenditureFree cash flow
Fiscal year 2016Operating cash flow496.1Capital expenditure−159.2Free cash flow336.9Dividends paid−140.6Fiscal year 2017Operating cash flow454.2Capital expenditure−118.2Free cash flow335.9 −0.3%Dividends paid−139.5Fiscal year 2018Operating cash flow344.7Capital expenditure−137.8Free cash flow206.8 −38.4%Dividends paid−140.5Fiscal year 2019Operating cash flow267.9Capital expenditure−137.3Free cash flow130.6 −36.8%Dividends paid−35.4Fiscal year 2020Operating cash flow302.0Capital expenditure−105.0Free cash flow197.0 +50.8%Dividends paid−34.3Fiscal year 2021Operating cash flow301.5Capital expenditure−184.0Free cash flow117.5 −40.4%Dividends paid−34.8Fiscal year 2022Operating cash flow175.0Capital expenditure−82.6Free cash flow92.4 −21.3%Dividends paid−34.7Fiscal year 2023Operating cash flow80.1Capital expenditure−78.1Free cash flow2.0 −97.9%Dividends paid−35.2Fiscal year 2024Operating cash flow229.2Capital expenditure−72.4Free cash flow156.8 +7,809.5%Dividends paid−36.0Fiscal year 2025Operating cash flow383.3Capital expenditure−66.3Free cash flow317.0 +102.2%Dividends paid−51.1
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Operating cash flow 496.1 454.2 344.7 267.9 302.0 301.5 175.0 80.1 229.2 383.3
Capital expenditure −159.2 −118.2 −137.8 −137.3 −105.0 −184.0 −82.6 −78.1 −72.4 −66.3
Free cash flow 336.9 335.9 206.8 130.6 197.0 117.5 92.4 2.0 156.8 317.0
Growth −0.3% −38.4% −36.8% +50.8% −40.4% −21.3% −97.9% +7,809.5% +102.2%
Dividends paid −140.6 −139.5 −140.5 −35.4 −34.3 −34.8 −34.7 −35.2 −36.0 −51.1

Balance sheet

What it holds against what it owes, at each year end. Point at a year for the detail.
CashTotal debt
Fiscal year 2016Cash764.5Total debt3,364.9Net cash (debt)−2,600.4Shareholders’ equity−103.7Fiscal year 2017Cash1,009.0Total debt3,830.3Net cash (debt)−2,821.3Shareholders’ equity30.6Debt to equity125.37Fiscal year 2018Cash867.3Total debt3,265.6Net cash (debt)−2,398.3Shareholders’ equity101.8Debt to equity32.07Fiscal year 2019Cash924.4Total debt2,739.7Net cash (debt)−1,815.3Shareholders’ equity289.2Debt to equity9.47Fiscal year 2020Cash921.5Total debt2,564.4Net cash (debt)−1,642.9Shareholders’ equity70.6Debt to equity36.31Fiscal year 2021Cash732.5Total debt2,323.8Net cash (debt)−1,591.4Shareholders’ equity112.6Debt to equity20.63Fiscal year 2022Cash668.3Total debt2,205.3Net cash (debt)−1,536.9Shareholders’ equity60.7Debt to equity36.36Fiscal year 2023Cash600.1Total debt2,146.0Net cash (debt)−1,546.0Shareholders’ equity−368.6Fiscal year 2024Cash469.7Total debt1,919.7Net cash (debt)−1,450.0Shareholders’ equity−578.4Fiscal year 2025Cash284.9Total debt1,993.0Net cash (debt)−1,708.2Shareholders’ equity−802.4
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Cash 764.5 1,009.0 867.3 924.4 921.5 732.5 668.3 600.1 469.7 284.9
Total debt 3,364.9 3,830.3 3,265.6 2,739.7 2,564.4 2,323.8 2,205.3 2,146.0 1,919.7 1,993.0
Net cash (debt) −2,600.4 −2,821.3 −2,398.3 −1,815.3 −1,642.9 −1,591.4 −1,536.9 −1,546.0 −1,450.0 −1,708.2
Shareholders’ equity −103.7 30.6 101.8 289.2 70.6 112.6 60.7 −368.6 −578.4 −802.4
Debt to equity n/a 125.37 32.07 9.47 36.31 20.63 36.36 n/a n/a n/a

In millions of USD, except per-share figures and ratios. Fiscal years, as last filed with the SEC.

Financial statements FY2025 · 10-K

Income statement

In millions of USD, except per-share figures; shares in millions. Fiscal years ending December, each column as last filed with the SEC.
Click a line to chart it
Fiscal year FY2016 31 Dec 2016 FY2017 31 Dec 2017 FY2018 31 Dec 2018 FY2019 31 Dec 2019 FY2020 31 Dec 2020 FY2021 31 Dec 2021 FY2022 31 Dec 2022 FY2023 31 Dec 2023 FY2024 31 Dec 2024 FY2025 31 Dec 2025
Revenue and profit
2,981.3 2,784.0 2,629.5 3,205.1 3,554.1 3,673.6 2,482.9 2,078.9 2,026.6 1,892.6
Growth −6.6% −5.5% +21.9% +10.9% +3.4% −32.4% −16.3% −2.5% −6.6%
1,514.7 1,432.8 1,790.3 1,922.1 2,404.7 2,551.6 n/a 1,048.3 964.3 n/a
107.4 60.9 58.5 51.3 38.4 46.8 35.5 29.5 32.0 15.3
1,140.1 1,029.5 1,002.9 1,004.0 963.3 924.2 785.5 781.6 717.9 621.6
201.8 193.7 212.4 26.7 −183.4 −7.4 188.7 −43.9 −52.3 192.5
107.0 13.7 6.4 −13.1 7.1 −10.9 43.0 17.3 −154.8 47.8
92.8 243.5 241.8 194.3 −180.4 −1.4 36.9 −385.6 −203.6 144.7
Growth +162.4% −0.7% −19.6% −192.8% −1,143.9%
Per share
0.49 1.31 1.29 1.10 −1.05 −0.01 0.21 −2.20 −1.13 0.84
0.49 1.30 1.28 1.10 −1.05 −0.01 0.21 −2.20 −1.12 0.84
Growth +165.3% −1.5% −14.1% −195.5% −1,147.6%
187.9 186.3 187.3 176.3 171.5 173.9 173.9 175.6 179.5 171.6
189.0 187.4 188.4 177.4 171.5 179.1 177.3 175.6 182.5 173.0
Growth −0.8% +0.5% −5.8% −3.3% +4.4% −1.0% −0.9% +3.9% −5.2%

Five years in brief

Worked out from the figures above, not from a press release
  • Revenue shrank 11.8% a year over five years.
  • The share count barely moved in five years.
  • A net loss in 4 of 10 years on file.