Pitney Bowes (PBI) Financials

$8.18 -0.02 (-0.18%)

Closing price 03:59 PM Eastern

Extended Trading

$8.20 +0.01 (+0.12%)

As of 06:24 PM Eastern

Annual Income Statements for Pitney Bowes

This table shows Pitney Bowes' income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric	2014	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Net Income / (Loss) Attributable to Common Shareholders	334	408	93	244	2,668	194	-180	-1.35	37	-386	-204
Consolidated Net Income / (Loss)	352	426	112	244	242	194	-180	-1.35	37	-386	-204
Net Income / (Loss) Continuing Operations	318	421	95	180	2,608	40	-190	3.51	146	-61	103
Total Pre-Tax Income	431	611	202	194	2,614	27	-183	-7.42	189	-44	-52
Total Operating Income	568	604	-35	312	2,729	162	-78	89	240	19	11
Total Gross Profit	2,141	2,019	1,421	1,456	3,847	1,283	1,149	1,122	1,153	1,094	1,126
Total Revenue	3,822	3,578	2,656	2,784	5,637	3,205	3,554	3,674	2,483	2,079	2,027
Operating Revenue	3,822	3,578	2,656	2,784	5,637	3,205	3,554	3,674	2,483	2,079	2,027
Total Cost of Revenue	1,681	1,559	1,235	1,328	1,790	1,923	2,405	2,552	1,330	985	901
Operating Cost of Revenue	1,681	1,559	1,235	1,328	1,790	1,923	2,405	2,552	1,330	985	901
Total Operating Expenses	1,573	1,416	1,456	1,144	1,118	1,121	1,227	1,033	913	1,075	1,115
Selling, General & Admin Expense	1,378	1,280	1,140	1,029	1,003	1,004	963	924	786	782	718
Research & Development Expense	110	110	107	61	59	51	38	47	35	29	32
Other Operating Expenses / (Income)	-	-	-	5.41	22	-4.23	-1.71	1.01	92	91	199
Impairment Charge	0.00	0.00	148	-	0.00	0.00	198	0.00	0.00	124	0.00
Restructuring Charge	85	26	60	45	26	70	21	19	17	52	77
Other Special Charges / (Income)	-	-	-	3.86	7.96	-	8.15	42	-17	-3.06	89
Total Other Income / (Expense), net	-137	7.26	237	-118	-115	-135	-106	-97	-52	-63	-64
Interest Expense	91	88	89	118	115	111	106	97	52	63	64
Income Tax Expense	113	190	107	14	6.42	-13	7.12	-11	43	17	-155
Net Income / (Loss) Discontinued Operations	34	5.27	17	63	60	154	10	-4.86	-109	-324	-306
Basic Earnings per Share	$1.65	$2.04	$0.49	$1.31	$1.29	$1.10	($1.05)	($0.01)	$0.21	($2.20)	($1.13)
Weighted Average Basic Shares Outstanding	201.99M	199.84M	187.95M	186.33M	188.24M	171.15M	173.27M	174.86M	174.18M	176.53M	182.79M
Diluted Earnings per Share	$1.64	$2.03	$0.49	$1.30	$1.28	$1.10	($1.05)	($0.01)	$0.21	($2.20)	($1.12)
Weighted Average Diluted Shares Outstanding	201.99M	199.84M	187.95M	186.33M	188.24M	171.15M	173.27M	174.86M	174.18M	176.53M	182.79M
Weighted Average Basic & Diluted Shares Outstanding	201.99M	199.84M	187.95M	186.33M	188.24M	171.15M	173.27M	174.86M	174.18M	176.53M	182.79M
Cash Dividends to Common per Share	$0.75	$0.75	$0.75	$0.75	$0.75	$0.20	$0.20	$0.20	$0.20	$0.20	$0.20

This table shows Pitney Bowes' income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024
Net Income / (Loss) Attributable to Common Shareholders	5.49	6.30	-7.74	-142	-13	-224	-2.89	-25	-138	-37
Consolidated Net Income / (Loss)	5.49	6.30	-7.74	-142	-13	-224	-2.89	-25	-138	-37
Net Income / (Loss) Continuing Operations	5.49	115	-7.74	-142	18	70	-2.89	-25	123	7.67
Total Pre-Tax Income	10	156	-11	-151	27	91	9.67	-39	-44	21
Total Operating Income	34	153	26	-136	44	86	54	-23	-28	7.71
Total Gross Profit	250	347	278	259	272	286	284	267	278	298
Total Revenue	831	-146	835	776	503	-35	831	793	499	-97
Operating Revenue	831	-146	835	776	503	-35	831	793	499	-97
Total Cost of Revenue	580	-493	557	518	231	-321	547	527	222	-395
Operating Cost of Revenue	580	-493	557	518	231	-321	547	527	222	-395
Total Operating Expenses	217	194	252	395	228	200	230	289	305	290
Selling, General & Admin Expense	210	107	242	223	183	134	216	220	190	92
Research & Development Expense	9.81	3.06	10	10	7.72	1.00	9.48	9.11	7.58	5.79
Other Operating Expenses / (Income)	1.43	88	-1.71	21	24	47	-0.39	28	27	144
Restructuring Charge	4.26	4.54	3.60	22	14	12	4.32	32	31	10
Other Special Charges / (Income)	-8.40	-	-2.84	-0.23	0.00	-	0.00	0.00	50	38
Total Other Income / (Expense), net	-24	3.13	-37	-15	-17	5.17	-44	-16	-16	13
Interest Expense	24	-15	37	15	17	-5.17	44	16	16	-13
Income Tax Expense	4.64	41	-3.25	-9.42	9.12	21	13	-14	-166	13
Basic Earnings per Share	$0.03	$0.04	($0.04)	($0.81)	($0.07)	($1.28)	($0.02)	($0.14)	($0.77)	($0.20)
Weighted Average Basic Shares Outstanding	174.00M	174.18M	175.63M	176.03M	176.33M	176.53M	178.88M	179.51M	181.70M	182.79M
Diluted Earnings per Share	$0.03	$0.04	($0.04)	($0.81)	($0.07)	($1.28)	($0.02)	($0.14)	($0.75)	($0.21)
Weighted Average Diluted Shares Outstanding	174.00M	174.18M	175.63M	176.03M	176.33M	176.53M	178.88M	179.51M	181.70M	182.79M
Weighted Average Basic & Diluted Shares Outstanding	174.00M	174.18M	175.63M	176.03M	176.33M	176.53M	178.88M	179.51M	181.70M	182.79M

This table details how cash moves in and out of Pitney Bowes' business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric	2014	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Net Change in Cash & Equivalents	163	-403	124	201	-114	57	-2.99	-189	-63	-68	-130
Net Cash From Operating Activities	658	523	496	454	345	268	302	302	175	80	229
Net Cash From Continuing Operating Activities	658	523	403	401	353	259	340	302	341	235	276
Net Income / (Loss) Continuing Operations	352	426	95	180	182	40	-190	3.51	146	-61	103
Consolidated Net Income / (Loss)	352	426	112	244	242	194	-180	-1.35	37	-386	-204
Net Income / (Loss) Discontinued Operations	-	-	17	63	60	154	10	-4.86	-109	-324	-306
Depreciation Expense	198	173	174	127	148	159	161	163	111	113	114
Amortization Expense	-	-	-	-	6.77	10	11	7.16	8.67	11	13
Non-Cash Adjustments To Reconcile Net Income	78	-82	182	69	113	146	294	65	1.36	182	216
Changes in Operating Assets and Liabilities, net	30	5.11	-48	25	-97	-96	65	63	74	-9.07	-170
Net Cash From Discontinued Operating Activities	-	-	93	53	-7.92	9.27	-38	-	-166	-155	-47
Net Cash From Investing Activities	-155	-303	-116	-621	286	458	-76	-155	-24	-124	-49
Net Cash From Continuing Investing Activities	-155	-303	-114	-616	-48	-213	-73	-153	18	-99	-42
Purchase of Property, Plant & Equipment	-183	-167	-159	-118	-138	-137	-105	-184	-83	-78	-72
Acquisitions	0.00	-394	-38	-483	-10	-22	-6.61	-15	-5.14	0.00	0.00
Purchase of Investments	-686	-274	-213	-133	-84	-153	-601	-81	-90	-48	-40
Divestitures	102	289	-	-	-	0.00	0.00	28	112	0.00	0.00
Sale and/or Maturity of Investments	629	207	287	114	176	109	635	99	79	25	77
Other Investing Activities, net	-16	-17	-9.09	5.20	8.17	-8.91	4.64	0.00	4.26	1.61	-6.27
Net Cash From Discontinued Investing Activities	-	-	-1.60	-5.63	335	670	-2.50	-1.77	-42	-25	-7.39
Net Cash From Financing Activities	-312	-579	-230	368	-745	-670	-235	-330	-198	-30	-305
Net Cash From Continuing Financing Activities	-312	-579	-230	368	-745	-670	-235	-330	-188	-22	-299
Repayment of Debt	-600	-519	-468	-965	-626	-936	-1,144	-1,506	-136	-340	-252
Repurchase of Common Equity	-50	-132	-497	0.00	0.00	-105	0.00	0.00	-13	0.00	0.00
Payment of Dividends	-170	-168	-159	-139	-140	-35	-34	-35	-35	-35	-36
Issuance of Debt	509	241	895	1,472	0.00	390	917	1,196	0.00	267	0.00
Other Financing Activities, net	-	-	-	-	21	16	26	15	-3.99	86	-10
Net Cash From Discontinued Financing Activities	-	-	-	-	-	-	-	-	-9.62	-8.00	-6.86
Effect of Exchange Rate Changes	-29	-44	-27	-	-	2.05	6.10	-4.86	-16	5.73	-4.99

This table details how cash moves in and out of Pitney Bowes' business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024
Net Change in Cash & Equivalents	26	72	-158	30	17	43	-85	74	-28	-92
Net Cash From Operating Activities	-36	166	-40	-0.04	26	94	-13	93	14	134
Net Cash From Continuing Operating Activities	-36	332	-40	-0.04	112	163	-13	93	64	132
Net Income / (Loss) Continuing Operations	5.49	115	-7.74	-142	150	-62	-2.89	-25	172	-42
Consolidated Net Income / (Loss)	5.49	6.30	-7.74	-142	-13	-224	-2.89	-25	-138	-37
Net Income / (Loss) Discontinued Operations	-	-	-	-	-	-162	-	-	-	4.69
Depreciation Expense	39	-14	40	40	4.73	28	41	41	4.28	29
Amortization Expense	3.75	1.94	2.12	2.30	3.19	3.09	3.07	3.10	3.30	3.45
Non-Cash Adjustments To Reconcile Net Income	0.50	-13	-7.45	145	-69	113	-0.40	35	92	90
Changes in Operating Assets and Liabilities, net	-85	241	-67	-45	23	80	-53	39	-207	52
Net Cash From Discontinued Operating Activities	-	-	-	-	-	-69	-	-	-	2.64
Net Cash From Investing Activities	44	-41	-41	-19	-35	-29	-12	-16	-39	17
Net Cash From Continuing Investing Activities	44	1.55	-41	-19	-7.37	-31	-12	-16	-27	14
Purchase of Property, Plant & Equipment	-33	15	-29	-26	4.42	-28	-20	-21	-9.13	-22
Purchase of Investments	-40	-3.83	-18	-0.56	-17	-13	-16	-7.49	-3.68	-12
Sale and/or Maturity of Investments	6.23	3.89	5.98	6.11	4.01	9.29	24	13	12	28
Other Investing Activities, net	5.96	-12	-0.66	1.15	0.85	0.27	0.80	-	-27	20
Net Cash From Discontinued Investing Activities	-	-	-	-	-	2.60	-	-	-	3.75
Net Cash From Financing Activities	30	-62	-79	47	30	-28	-58	-2.37	-7.21	-237
Net Cash From Continuing Financing Activities	30	-52	-79	47	36	-26	-58	-2.37	-0.36	-237
Repayment of Debt	-8.25	-8.23	-37	-30	-258	-14	-20	-22	-7.27	-203
Payment of Dividends	-8.70	-8.71	-8.73	-8.80	-8.81	-8.89	-8.83	-8.95	-9.06	-9.11
Other Financing Activities, net	47	-35	-34	86	36	-2.23	-29	29	16	-26
Effect of Exchange Rate Changes	-12	9.18	2.35	2.38	-5.04	6.04	-2.16	-0.55	3.88	-6.15

This table presents Pitney Bowes' assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric	2014	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Total Assets	6,500	6,123	5,837	6,687	5,938	5,467	5,224	4,959	4,741	4,272	3,398
Total Current Assets	2,764	2,325	2,325	2,830	2,698	2,236	2,113	1,892	1,798	2,058	1,318
Cash & Equivalents	1,054	640	765	1,009	867	924	921	732	670	600	470
Short-Term Investments	49	127	38	49	59	116	19	14	11	22	16
Note & Lease Receivable	1,000	918	894	828	653	630	568	561	565	564	536
Accounts Receivable	437	477	456	427	372	373	389	335	344	200	160
Inventories, net	85	89	93	41	62	68	71	79	84	63	60
Prepaid Expenses	57	67	69	83	75	102	120	157	116	76	66
Current Deferred & Refundable Income Taxes	29	6.58	11	58	5.95	5.57	23	14	8.79	0.56	10
Other Current Nonoperating Assets	52	-	-	335	603	17	-	-	-	532	0.00
Plant, Property, & Equipment, net	285	330	315	374	399	376	391	464	448	24	243
Total Noncurrent Assets	3,451	3,468	3,197	3,484	2,842	2,855	2,721	2,603	2,495	2,191	1,836
Noncurrent Note & Lease Receivables	820	761	673	652	636	625	605	587	627	653	610
Goodwill	1,673	1,746	1,571	1,775	1,332	1,324	1,152	1,135	1,067	734	721
Intangible Assets	82	187	165	272	213	191	160	132	78	20	16
Noncurrent Deferred & Refundable Income Taxes	99	70	75	60	65	72	71	68	47	61	100
Other Noncurrent Operating Assets	778	703	713	725	596	642	732	680	677	722	389
Total Liabilities & Shareholders' Equity	6,500	6,123	5,837	6,687	5,938	5,467	5,224	4,959	4,741	4,272	3,398
Total Liabilities	6,126	5,648	5,941	6,499	5,837	5,181	5,154	4,846	4,681	4,641	3,976
Total Current Liabilities	2,315	2,279	2,328	2,069	1,890	1,570	1,870	1,728	1,728	1,898	1,673
Short-Term Debt	325	461	614	271	200	20	216	25	33	59	53
Accounts Payable	1,573	1,448	1,379	1,459	1,348	794	881	923	907	829	874
Customer Deposits	-	-	-	-	-	591	617	632	628	640	646
Current Deferred Revenue	387	353	300	258	117	102	115	99	105	76	70
Current Deferred & Payable Income Tax Liabilities	31	17	34	8.82	15	17	2.88	9.02	2.10	6.52	2.95
Other Current Liabilities	-	-	-	-	35	36	39	40	53	30	27
Other Current Nonoperating Liabilities	-	-	-	73	175	9.71	-	-	-	257	0.00
Total Noncurrent Liabilities	3,811	3,369	3,613	4,430	3,947	3,611	3,283	3,118	2,953	2,742	2,303
Long-Term Debt	2,927	2,490	2,750	3,559	3,066	2,720	2,348	2,299	2,173	2,087	1,866
Noncurrent Deferred & Payable Income Tax Liabilities	201	274	266	351	293	313	318	318	287	231	63
Other Noncurrent Operating Liabilities	683	605	597	519	588	578	617	501	493	425	374
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	77	179	-104	189	102	286	71	113	61	-369	-578
Total Preferred & Common Equity	77	179	-104	189	102	286	71	113	61	-369	-578
Total Common Equity	77	179	-104	189	102	286	71	113	61	-369	-578
Common Stock	502	485	471	462	445	422	392	326	323	270	270
Retained Earnings	4,898	5,156	5,108	5,230	5,280	5,439	5,205	5,169	5,126	3,078	2,672
Treasury Stock	-4,477	-4,573	-4,743	-4,711	-4,674	-4,735	-4,688	-4,602	-4,553	-2,866	-2,681
Accumulated Other Comprehensive Income / (Loss)	-846	-889	-940	-792	-949	-840	-839	-780	-836	-851	-839

This table presents Pitney Bowes' assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric	Q3 2022	Q1 2023	Q2 2023	Q3 2023	Q1 2024	Q2 2024	Q3 2024
Total Assets	4,593	4,531	4,423	4,423	4,103	4,078	3,648
Total Current Assets	1,710	1,589	1,615	1,618	1,582	1,606	1,486
Cash & Equivalents	597	512	542	558	516	590	562
Short-Term Investments	10	16	19	22	22	22	14
Note & Lease Receivable	551	551	560	550	547	542	531
Accounts Receivable	288	271	273	289	307	266	189
Inventories, net	90	94	93	84	79	77	72
Prepaid Expenses	147	126	117	109	110	101	100
Current Deferred & Refundable Income Taxes	27	19	11	6.39	0.99	7.85	20
Other Current Nonoperating Assets	-	-	-	-	-	-	0.00
Plant, Property, & Equipment, net	456	439	428	416	393	22	24
Total Noncurrent Assets	2,427	2,503	2,381	2,389	2,128	2,450	2,138
Noncurrent Note & Lease Receivables	597	637	640	641	638	626	622
Goodwill	1,046	1,070	952	945	729	728	737
Intangible Assets	79	74	70	66	58	54	17
Noncurrent Deferred & Refundable Income Taxes	56	45	45	55	59	58	91
Other Noncurrent Operating Assets	648	678	674	681	643	985	670
Total Liabilities & Shareholders' Equity	4,593	4,531	4,423	4,423	4,103	4,078	3,648
Total Liabilities	4,601	4,471	4,499	4,548	4,495	4,506	4,167
Total Current Liabilities	1,599	1,799	1,857	1,641	1,625	1,678	1,685
Short-Term Debt	27	262	265	57	58	57	56
Accounts Payable	766	800	812	794	784	843	853
Customer Deposits	663	595	639	643	600	629	671
Current Deferred Revenue	94	87	83	88	89	86	74
Current Deferred & Payable Income Tax Liabilities	2.05	0.98	2.93	1.82	34	1.56	1.47
Other Current Liabilities	46	54	54	58	60	61	29
Other Current Nonoperating Liabilities	-	-	-	-	-	-	0.00
Total Noncurrent Liabilities	3,003	2,672	2,642	2,907	2,870	2,828	2,482
Long-Term Debt	2,190	1,911	1,885	2,102	2,076	2,065	2,052
Noncurrent Deferred & Payable Income Tax Liabilities	305	292	262	260	219	208	69
Other Noncurrent Operating Liabilities	508	470	496	546	575	555	360
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	-8.28	60	-75	-125	-392	-428	-519
Total Preferred & Common Equity	-8.28	60	-75	-125	-392	-428	-519
Total Common Equity	-8.28	60	-75	-125	-392	-428	-519
Common Stock	323	323	323	323	270	270	270
Retained Earnings	5,128	5,061	4,909	4,872	3,027	2,949	2,748
Treasury Stock	-4,554	-4,504	-4,499	-4,483	-2,826	-2,782	-2,717
Accumulated Other Comprehensive Income / (Loss)	-905	-820	-808	-838	-864	-866	-821

This table displays calculated financial ratios and metrics derived from Pitney Bowes' official financial filings.

Metric	2014	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	0.80%	-6.37%	-25.78%	4.83%	102.49%	-43.15%	10.89%	3.36%	-32.41%	-16.27%	-2.52%
EBITDA Growth	2.23%	21.04%	-46.68%	-5.67%	557.88%	-89.35%	-69.45%	176.41%	38.84%	-60.37%	-2.88%
EBIT Growth	5.85%	33.77%	-58.37%	7.20%	775.69%	-94.96%	-156.39%	215.27%	168.74%	-91.95%	-41.77%
NOPAT Growth	0.04%	-0.77%	-103.93%	1,870.82%	839.81%	-91.13%	-122.50%	215.27%	196.49%	-92.70%	-41.77%
Net Income Growth	118.43%	21.07%	-73.76%	117.73%	-0.71%	-19.64%	-192.82%	99.25%	2,834.27%	-1,143.93%	47.20%
EPS Growth	134.29%	23.78%	-75.86%	165.31%	-1.54%	-14.06%	-195.45%	99.05%	2,200.00%	-1,147.62%	49.09%
Operating Cash Flow Growth	5.36%	-20.55%	-5.14%	-8.46%	-24.11%	-22.27%	12.73%	-0.15%	-41.95%	-54.24%	186.14%
Free Cash Flow Firm Growth	-18.66%	-71.89%	-19.48%	-73.24%	6,840.16%	-91.90%	-17.09%	-70.46%	329.26%	147.32%	-95.46%
Invested Capital Growth	-13.69%	7.61%	-7.52%	9.79%	-25.42%	-1.73%	-14.33%	-0.30%	-6.20%	-44.48%	-2.81%
Revenue Q/Q Growth	-0.70%	-1.30%	-23.17%	-12.09%	97.87%	-49.27%	5.15%	60.22%	-31.28%	-31.22%	-38.13%
EBITDA Q/Q Growth	0.12%	15.62%	-32.30%	-59.94%	6,368.14%	-91.33%	-47.91%	121.71%	25.75%	30.96%	325.26%
EBIT Q/Q Growth	-1.87%	22.15%	-41.91%	-66.51%	1,860.01%	-95.94%	-983.81%	106.55%	114.83%	180.42%	104.78%
NOPAT Q/Q Growth	-5.76%	5.31%	-104.89%	-36.34%	1,804.77%	-92.96%	-983.81%	101.97%	73.59%	180.42%	104.78%
Net Income Q/Q Growth	-6.12%	5.90%	-60.95%	163.81%	-8.40%	186.26%	-651.03%	-107.75%	15.76%	-148.00%	47.80%
EPS Q/Q Growth	-7.87%	6.84%	-64.23%	170.83%	-8.57%	205.56%	-517.65%	-110.00%	16.67%	-150.00%	48.86%
Operating Cash Flow Q/Q Growth	24.51%	-14.58%	6.02%	-14.36%	-9.81%	-0.18%	9.11%	-7.79%	85.09%	-47.60%	21.85%
Free Cash Flow Firm Q/Q Growth	108.14%	-52.58%	-22.66%	-92.90%	1,176.48%	-93.26%	24.89%	102.28%	94.23%	447.08%	-88.10%
Invested Capital Q/Q Growth	-10.70%	-0.82%	-11.49%	6.20%	-25.41%	-2.62%	-8.60%	2.75%	-1.06%	-39.47%	-15.69%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	56.02%	56.44%	53.51%	52.30%	68.24%	40.02%	32.34%	30.54%	46.45%	52.62%	55.56%
EBITDA Margin	18.85%	24.36%	17.50%	15.75%	51.17%	9.59%	2.64%	7.06%	14.51%	6.87%	6.84%
Operating Margin	14.86%	16.87%	-1.31%	11.20%	48.42%	5.05%	-2.18%	2.44%	9.68%	0.93%	0.56%
EBIT Margin	13.66%	19.52%	10.95%	11.20%	48.42%	4.29%	-2.18%	2.44%	9.68%	0.93%	0.56%
Profit (Net Income) Margin	9.21%	11.91%	4.21%	8.75%	4.29%	6.06%	-5.08%	-0.04%	1.49%	-18.55%	-10.05%
Tax Burden Percent	81.66%	69.79%	55.43%	125.73%	9.25%	726.92%	98.37%	18.22%	19.58%	878.02%	389.09%
Interest Burden Percent	82.59%	87.46%	69.40%	62.15%	95.77%	19.42%	236.25%	-8.29%	78.46%	-226.85%	-464.18%
Effective Tax Rate	26.16%	31.07%	53.01%	7.05%	0.25%	-49.11%	0.00%	0.00%	22.77%	0.00%	0.00%
Return on Invested Capital (ROIC)	15.73%	16.23%	-0.64%	11.24%	115.57%	12.10%	-2.96%	3.70%	11.34%	1.10%	0.91%
ROIC Less NNEP Spread (ROIC-NNEP)	12.71%	16.71%	4.76%	9.41%	3.35%	9.48%	-10.56%	-0.30%	1.75%	-27.70%	-14.86%
Return on Net Nonoperating Assets (RNNOA)	64.74%	84.24%	60.87%	562.44%	50.96%	88.08%	-98.17%	-5.18%	31.29%	249.37%	42.09%
Return on Equity (ROE)	80.47%	100.46%	60.23%	573.68%	166.53%	100.18%	-101.13%	-1.47%	42.64%	250.47%	43.00%
Cash Return on Invested Capital (CROIC)	30.42%	8.89%	7.18%	1.90%	144.70%	13.85%	12.47%	4.00%	17.74%	58.30%	3.76%
Operating Return on Assets (OROA)	7.87%	11.07%	4.86%	4.98%	43.23%	2.41%	-1.45%	1.76%	4.96%	0.43%	0.29%
Return on Assets (ROA)	5.31%	6.75%	1.87%	3.89%	3.83%	3.41%	-3.37%	-0.03%	0.76%	-8.56%	-5.31%
Return on Common Equity (ROCE)	25.97%	30.30%	12.17%	573.66%	166.53%	100.18%	-101.13%	-1.47%	42.64%	250.47%	43.00%
Return on Equity Simple (ROE_SIMPLE)	455.78%	238.54%	-107.90%	129.15%	237.44%	67.92%	-255.41%	-1.20%	60.90%	104.63%	35.20%
Net Operating Profit after Tax (NOPAT)	419	416	-16	290	2,723	241	-54	63	186	14	7.89
NOPAT Margin	10.97%	11.63%	-0.62%	10.41%	48.30%	7.53%	-1.53%	1.70%	7.48%	0.65%	0.39%
Net Nonoperating Expense Percent (NNEP)	3.01%	-0.48%	-5.40%	1.82%	112.23%	2.62%	7.60%	4.00%	9.59%	28.79%	15.77%
Return On Investment Capital (ROIC_SIMPLE)	-	-	-	-	-	-	-	-	8.20%	0.76%	0.59%
Cost of Revenue to Revenue	43.98%	43.56%	46.49%	47.70%	31.76%	59.98%	67.66%	69.46%	53.55%	47.38%	44.44%
SG&A Expenses to Revenue	36.07%	35.77%	42.93%	36.98%	17.79%	31.32%	27.10%	25.16%	31.64%	37.60%	35.42%
R&D to Revenue	2.88%	3.08%	4.04%	2.19%	1.04%	1.60%	1.08%	1.27%	1.43%	1.42%	1.58%
Operating Expenses to Revenue	41.16%	39.57%	54.82%	41.11%	19.83%	34.96%	34.52%	28.11%	36.76%	51.69%	55.00%
Earnings before Interest and Taxes (EBIT)	522	698	291	312	2,729	138	-78	89	240	19	11
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	720	872	465	438	2,885	307	94	259	360	143	139
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	39.50	14.68	0.00	7.92	8.47	1.95	12.88	9.06	9.90	0.00	0.00
Price to Tangible Book Value (P/TBV)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Price to Revenue (P/Rev)	0.80	0.73	0.72	0.54	0.15	0.17	0.26	0.28	0.24	0.36	0.65
Price to Earnings (P/E)	9.14	6.43	20.49	6.14	0.32	2.87	0.00	0.00	16.26	0.00	0.00
Dividend Yield	4.94%	5.63%	7.33%	9.37%	16.32%	6.12%	3.81%	3.45%	5.79%	4.74%	2.78%
Earnings Yield	10.94%	15.55%	4.88%	16.30%	309.32%	34.80%	0.00%	0.00%	6.15%	0.00%	0.00%
Enterprise Value to Invested Capital (EV/IC)	2.23	1.92	1.82	1.58	1.59	1.14	1.50	1.54	1.34	2.58	3.21
Enterprise Value to Revenue (EV/Rev)	1.44	1.43	1.68	1.53	0.57	0.70	0.71	0.71	0.86	1.09	1.35
Enterprise Value to EBITDA (EV/EBITDA)	7.63	5.85	9.60	9.73	1.11	7.35	26.99	10.01	5.90	15.88	19.77
Enterprise Value to EBIT (EV/EBIT)	10.53	7.31	15.35	13.69	1.17	16.40	0.00	29.03	8.84	117.13	243.21
Enterprise Value to NOPAT (EV/NOPAT)	13.11	12.27	0.00	14.73	1.18	9.35	0.00	41.48	11.44	167.33	347.45
Enterprise Value to Operating Cash Flow (EV/OCF)	8.35	9.76	9.00	9.39	9.29	8.43	8.39	8.62	12.14	28.32	11.96
Enterprise Value to Free Cash Flow (EV/FCFF)	6.78	22.38	24.32	86.87	0.94	8.17	11.06	38.39	7.31	3.16	84.06
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	8.70	6.21	-32.46	20.31	32.07	9.58	36.31	20.63	36.36	-5.82	-3.32
Long-Term Debt to Equity	7.83	5.24	-26.53	18.88	30.11	9.51	33.25	20.41	35.82	-5.66	-3.23
Financial Leverage	5.09	5.04	12.77	59.74	15.22	9.29	9.30	17.47	17.90	-9.00	-2.83
Leverage Ratio	15.17	14.87	32.20	147.52	43.48	29.40	29.97	55.57	55.98	-29.27	-8.10
Compound Leverage Factor	12.53	13.01	22.35	91.68	41.64	5.71	70.81	-4.61	43.92	66.40	37.59
Debt to Total Capital	89.69%	86.13%	103.18%	95.31%	96.98%	90.54%	97.32%	95.38%	97.32%	120.74%	143.13%
Short-Term Debt to Total Capital	8.96%	13.46%	18.84%	6.74%	5.93%	0.66%	8.20%	1.02%	1.45%	3.32%	3.97%
Long-Term Debt to Total Capital	80.73%	72.67%	84.34%	88.56%	91.05%	89.88%	89.12%	94.36%	95.88%	117.42%	139.16%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	8.17%	8.65%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Common Equity to Total Capital	2.13%	5.22%	-3.18%	4.69%	3.02%	9.46%	2.68%	4.62%	2.68%	-20.74%	-43.13%
Debt to EBITDA	4.52	3.38	7.24	8.74	1.13	8.92	27.32	8.96	6.12	15.03	13.84
Net Debt to EBITDA	2.98	2.50	5.51	6.32	0.81	5.53	17.30	6.08	4.23	10.67	10.34
Long-Term Debt to EBITDA	4.06	2.86	5.92	8.12	1.06	8.85	25.01	8.86	6.03	14.62	13.46
Debt to NOPAT	7.76	7.09	-205.68	13.22	1.20	11.35	-47.20	37.10	11.88	158.35	243.28
Net Debt to NOPAT	5.13	5.25	-156.60	9.57	0.86	7.04	-29.89	25.18	8.21	112.44	181.67
Long-Term Debt to NOPAT	6.98	5.98	-168.12	12.29	1.13	11.26	-43.22	36.71	11.70	154.00	236.53
Altman Z-Score	2.29	2.43	2.04	1.94	3.96	2.27	2.19	2.43	2.30	1.65	1.78
Noncontrolling Interest Sharing Ratio	67.73%	69.84%	79.79%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Current Ratio	1.19	1.02	1.00	1.37	1.43	1.42	1.13	1.10	1.04	1.08	0.79
Quick Ratio	1.10	0.95	0.92	1.12	1.03	1.30	1.01	0.95	0.92	0.73	0.71
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	811	228	184	49	3,409	276	229	68	290	718	33
Operating Cash Flow to CapEx	359.10%	456.22%	350.47%	384.08%	250.09%	195.17%	287.63%	163.83%	211.84%	102.54%	316.52%
Free Cash Flow to Firm to Interest Expense	8.92	2.60	2.06	0.42	29.54	2.49	2.17	0.70	5.61	11.35	0.51
Operating Cash Flow to Interest Expense	7.24	5.97	5.58	3.85	2.99	2.42	2.86	3.11	3.38	1.27	3.60
Operating Cash Flow Less CapEx to Interest Expense	5.23	4.66	3.99	2.85	1.79	1.18	1.86	1.21	1.78	0.03	2.46
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.58	0.57	0.44	0.44	0.89	0.56	0.66	0.72	0.51	0.46	0.53
Accounts Receivable Turnover	8.43	7.83	5.70	6.31	14.11	8.60	9.32	10.15	7.32	7.65	11.25
Inventory Turnover	17.84	17.95	13.60	19.89	34.75	29.46	34.42	34.01	16.38	13.42	14.66
Fixed Asset Turnover	14.41	11.63	8.24	8.09	14.60	8.27	9.26	8.59	5.44	8.81	15.19
Accounts Payable Turnover	1.04	1.03	0.87	0.94	1.28	1.80	2.87	2.83	1.45	1.13	1.06
Days Sales Outstanding (DSO)	43.32	46.61	64.05	57.85	25.86	42.44	39.16	35.96	49.85	47.74	32.44
Days Inventory Outstanding (DIO)	20.46	20.33	26.84	18.35	10.50	12.39	10.60	10.73	22.28	27.19	24.90
Days Payable Outstanding (DPO)	349.36	353.77	417.91	390.01	286.14	203.31	127.07	128.97	251.12	321.73	345.07
Cash Conversion Cycle (CCC)	-285.59	-286.83	-327.02	-313.81	-249.78	-148.49	-77.30	-82.28	-178.99	-246.80	-287.74
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	2,470	2,658	2,458	2,699	2,013	1,978	1,695	1,690	1,585	880	855
Invested Capital Turnover	1.43	1.40	1.04	1.08	2.39	1.61	1.94	2.17	1.52	1.69	2.34
Increase / (Decrease) in Invested Capital	-392	188	-200	241	-686	-35	-283	-5.04	-105	-705	-25
Enterprise Value (EV)	5,497	5,103	4,463	4,267	3,201	2,258	2,534	2,598	2,125	2,268	2,742
Market Capitalization	3,051	2,623	1,901	1,494	862	558	910	1,021	601	744	1,308
Book Value per Share	$0.38	$0.91	($0.56)	$1.01	$0.54	$1.67	$0.41	$0.64	$0.35	($2.09)	($3.18)
Tangible Book Value per Share	($8.35)	($8.90)	($9.91)	($9.95)	($7.69)	($7.19)	($7.17)	($6.56)	($6.23)	($6.37)	($7.24)
Total Capital	3,626	3,426	3,261	4,019	3,367	3,026	2,635	2,436	2,266	1,777	1,341
Total Debt	3,252	2,951	3,365	3,830	3,266	2,740	2,564	2,324	2,205	2,146	1,920
Total Long-Term Debt	2,927	2,490	2,750	3,559	3,066	2,720	2,348	2,299	2,173	2,087	1,866
Net Debt	2,149	2,183	2,562	2,772	2,339	1,699	1,624	1,577	1,524	1,524	1,434
Capital Expenditures (CapEx)	183	115	142	118	138	137	105	184	83	78	72
Debt-free, Cash-free Net Working Capital (DFCFNWC)	-330	-260	-191	-26	81	-354	-482	-558	-578	-404	-788
Debt-free Net Working Capital (DFNWC)	773	507	612	1,032	1,007	686	458	189	103	219	-302
Net Working Capital (NWC)	448	46	-2.44	761	808	666	242	164	70	160	-355
Net Nonoperating Expense (NNE)	67	-10	-128	46	2,481	47	126	64	149	399	211
Net Nonoperating Obligations (NNO)	2,096	2,183	2,562	2,510	1,911	1,692	1,624	1,577	1,524	1,248	1,434
Total Depreciation and Amortization (D&A)	198	173	174	127	155	170	171	170	120	123	127
Debt-free, Cash-free Net Working Capital to Revenue	-8.63%	-7.27%	-7.19%	-0.93%	1.43%	-11.04%	-13.57%	-15.19%	-23.29%	-19.42%	-38.86%
Debt-free Net Working Capital to Revenue	20.24%	14.18%	23.05%	37.07%	17.87%	21.42%	12.89%	5.14%	4.15%	10.51%	-14.88%
Net Working Capital to Revenue	11.74%	1.29%	-0.09%	27.34%	14.33%	20.79%	6.81%	4.47%	2.83%	7.68%	-17.51%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$1.65	$2.04	$0.49	$1.40	$1.19	$1.10	($1.06)	($0.01)	$0.21	($2.20)	($1.13)
Adjusted Weighted Average Basic Shares Outstanding	201.62M	191.56M	186.40M	186.78M	188.24M	171.15M	173.27M	174.86M	174.18M	176.53M	182.79M
Adjusted Diluted Earnings per Share	$1.64	$2.03	$0.49	$1.39	$1.19	$1.10	($1.06)	($0.01)	$0.21	($2.20)	($1.12)
Adjusted Weighted Average Diluted Shares Outstanding	201.62M	191.56M	186.40M	186.78M	188.24M	171.15M	173.27M	174.86M	174.18M	176.53M	182.79M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$1.10	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	201.62M	191.56M	186.40M	186.78M	188.24M	171.15M	173.27M	174.86M	174.18M	176.53M	182.79M
Normalized Net Operating Profit after Tax (NOPAT)	482	434	122	335	2,756	162	105	105	186	135	124
Normalized NOPAT Margin	12.60%	12.12%	4.58%	12.03%	48.90%	5.06%	2.94%	2.86%	7.48%	6.47%	6.11%
Pre Tax Income Margin	11.28%	17.07%	7.60%	6.96%	46.37%	0.83%	-5.16%	-0.20%	7.60%	-2.11%	-2.58%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	5.74	7.97	3.27	2.64	23.66	1.24	-0.73	0.92	4.64	0.31	0.18
NOPAT to Interest Expense	4.61	4.75	-0.18	2.46	23.60	2.18	-0.51	0.65	3.59	0.21	0.12
EBIT Less CapEx to Interest Expense	3.73	6.67	1.68	1.64	22.46	0.00	-1.73	-0.98	3.05	-0.93	-0.96
NOPAT Less CapEx to Interest Expense	2.60	3.44	-1.78	1.45	22.40	0.94	-1.51	-1.25	1.99	-1.02	-1.01
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	48.27%	39.52%	142.28%	57.28%	58.10%	18.20%	-19.01%	-2,575.87%	93.98%	-9.13%	-17.66%
Augmented Payout Ratio	62.47%	70.42%	586.86%	57.28%	58.10%	72.23%	-19.01%	-2,575.87%	130.38%	-9.13%	-17.66%

This table displays calculated financial ratios and metrics derived from Pitney Bowes' official financial filings.

Metric	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024
Growth Metrics	-	-	-	-	-	-	-	-	-	-
Revenue Growth	-5.09%	-114.89%	-9.97%	-10.90%	-39.46%	76.02%	-0.48%	2.15%	-0.71%	-174.84%
EBITDA Growth	2.90%	109.06%	-25.07%	-248.55%	-32.77%	-17.10%	44.30%	122.48%	-139.11%	-66.10%
EBIT Growth	8.09%	523.70%	-45.09%	-843.50%	29.35%	-43.87%	108.73%	83.33%	-163.52%	-91.02%
NOPAT Growth	-51.96%	277.35%	-38.20%	-843.50%	57.96%	-41.28%	-188.93%	83.33%	-167.22%	-95.65%
Net Income Growth	-39.48%	396.92%	-137.16%	-3,364.18%	-328.16%	-3,655.21%	62.71%	82.43%	-1,006.09%	83.30%
EPS Growth	-40.00%	300.00%	-133.33%	-4,150.00%	-333.33%	-3,300.00%	50.00%	82.72%	-971.43%	83.59%
Operating Cash Flow Growth	-151.04%	94.29%	-476.01%	-100.13%	170.88%	-43.31%	68.46%	211,131.82%	-44.44%	43.06%
Free Cash Flow Firm Growth	-75.42%	522.95%	-103.68%	542.21%	190.84%	254.46%	12,454.81%	355.31%	137.02%	-96.42%
Invested Capital Growth	-2.59%	-6.20%	1.31%	-10.97%	-9.25%	-44.48%	-29.42%	-28.49%	-30.22%	-2.81%
Revenue Q/Q Growth	-4.66%	-117.63%	-8.16%	-6.96%	-35.22%	-106.98%	-4.71%	-4.50%	-37.03%	-119.33%
EBITDA Q/Q Growth	21.41%	84.02%	-18.66%	-238.45%	154.95%	126.93%	160.36%	-78.43%	-195.61%	296.71%
EBIT Q/Q Growth	84.60%	352.66%	-39.05%	-626.00%	132.12%	96.43%	126.26%	-142.00%	-22.41%	127.76%
NOPAT Q/Q Growth	42.86%	515.53%	-49.74%	-626.00%	130.35%	128.82%	88.81%	1.41%	-22.41%	114.80%
Net Income Q/Q Growth	26.55%	14.74%	-222.89%	-1,729.33%	91.15%	-1,687.97%	98.71%	-761.94%	-456.85%	73.01%
EPS Q/Q Growth	50.00%	33.33%	-200.00%	-1,925.00%	91.36%	-1,728.57%	98.44%	-600.00%	-435.71%	72.00%
Operating Cash Flow Q/Q Growth	-203.79%	554.71%	-123.82%	99.89%	58,845.45%	263.67%	-113.34%	841.35%	-84.53%	836.35%
Free Cash Flow Firm Q/Q Growth	395.23%	257.24%	-102.79%	2,420.72%	94.17%	335.38%	69.52%	-14.48%	1.08%	-93.42%
Invested Capital Q/Q Growth	-5.79%	-1.06%	7.62%	-11.25%	-3.97%	-39.47%	4.30%	-10.09%	-6.29%	-15.69%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-
Gross Margin	30.15%	0.00%	33.26%	33.31%	54.04%	0.00%	34.15%	33.62%	55.57%	0.00%
EBITDA Margin	9.25%	0.00%	8.14%	-12.11%	10.27%	0.00%	11.80%	2.66%	-4.05%	0.00%
Operating Margin	4.07%	0.00%	3.10%	-17.54%	8.70%	0.00%	6.51%	-2.86%	-5.56%	0.00%
EBIT Margin	4.07%	0.00%	3.10%	-17.54%	8.70%	0.00%	6.51%	-2.86%	-5.56%	0.00%
Profit (Net Income) Margin	0.66%	0.00%	-0.93%	-18.23%	-2.49%	0.00%	-0.35%	-3.14%	-27.72%	0.00%
Tax Burden Percent	54.17%	4.03%	70.42%	93.76%	-46.49%	-245.73%	-29.82%	64.32%	315.57%	-181.93%
Interest Burden Percent	29.96%	102.04%	-42.44%	110.84%	61.56%	106.02%	17.90%	170.33%	157.93%	266.31%
Effective Tax Rate	45.83%	26.34%	0.00%	0.00%	33.85%	22.94%	129.82%	0.00%	0.00%	62.67%
Return on Invested Capital (ROIC)	4.91%	0.00%	4.42%	-25.60%	11.38%	0.00%	-4.35%	-5.06%	-10.34%	0.00%
ROIC Less NNEP Spread (ROIC-NNEP)	4.11%	0.00%	2.82%	-28.45%	8.78%	0.00%	-3.54%	-5.64%	-17.99%	0.00%
Return on Net Nonoperating Assets (RNNOA)	325.99%	0.00%	59.66%	2,946.29%	-209.92%	0.00%	34.48%	34.73%	86.91%	0.00%
Return on Equity (ROE)	330.90%	0.00%	64.08%	2,920.69%	-198.54%	0.00%	30.13%	29.67%	76.58%	0.00%
Cash Return on Invested Capital (CROIC)	9.21%	17.74%	14.10%	10.13%	8.60%	58.30%	21.12%	24.35%	22.21%	3.76%
Operating Return on Assets (OROA)	3.08%	0.00%	2.29%	-12.91%	5.83%	0.00%	4.92%	-2.21%	-4.52%	0.00%
Return on Assets (ROA)	0.50%	0.00%	-0.69%	-13.42%	-1.67%	0.00%	-0.26%	-2.42%	-22.50%	0.00%
Return on Common Equity (ROCE)	330.90%	0.00%	64.08%	2,920.69%	-198.54%	0.00%	30.13%	29.67%	76.58%	0.00%
Return on Equity Simple (ROE_SIMPLE)	-385.58%	0.00%	13.98%	182.14%	124.29%	0.00%	97.05%	61.72%	75.17%	0.00%
Net Operating Profit after Tax (NOPAT)	18	113	18	-95	29	66	-16	-16	-19	2.88
NOPAT Margin	2.20%	0.00%	2.17%	-12.28%	5.75%	0.00%	-1.94%	-2.00%	-3.89%	0.00%
Net Nonoperating Expense Percent (NNEP)	0.80%	6.87%	1.60%	2.85%	2.60%	20.92%	-0.82%	0.58%	7.65%	3.00%
Return On Investment Capital (ROIC_SIMPLE)	-	4.98%	-	-	-	3.72%	-	-	-	0.21%
Cost of Revenue to Revenue	69.85%	0.00%	66.74%	66.69%	45.96%	0.00%	65.85%	66.38%	44.43%	0.00%
SG&A Expenses to Revenue	25.22%	0.00%	29.01%	28.66%	36.33%	0.00%	26.03%	27.74%	38.04%	0.00%
R&D to Revenue	1.18%	0.00%	1.26%	1.32%	1.53%	0.00%	1.14%	1.15%	1.52%	0.00%
Operating Expenses to Revenue	26.08%	0.00%	30.16%	50.85%	45.34%	0.00%	27.65%	36.48%	61.14%	0.00%
Earnings before Interest and Taxes (EBIT)	34	153	26	-136	44	86	54	-23	-28	7.71
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	77	141	68	-94	52	117	98	21	-20	40
Valuation Ratios	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	0.00	9.90	10.52	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Price to Tangible Book Value (P/TBV)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Price to Revenue (P/Rev)	0.10	0.24	0.18	0.18	0.17	0.36	0.23	0.28	0.39	0.65
Price to Earnings (P/E)	11.50	16.26	75.23	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Dividend Yield	9.47%	5.79%	5.52%	5.98%	6.91%	4.74%	5.87%	3.96%	2.81%	2.78%
Earnings Yield	8.69%	6.15%	1.33%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Enterprise Value to Invested Capital (EV/IC)	1.23	1.34	1.33	1.44	1.44	2.58	1.95	2.23	2.77	3.21
Enterprise Value to Revenue (EV/Rev)	0.55	0.86	0.66	0.65	0.69	1.09	0.72	0.74	0.86	1.35
Enterprise Value to EBITDA (EV/EBITDA)	6.90	5.90	7.81	16.22	19.15	15.88	0.00	234.07	0.00	19.77
Enterprise Value to EBIT (EV/EBIT)	17.67	8.84	18.89	0.00	0.00	117.13	0.00	0.00	0.00	243.21
Enterprise Value to NOPAT (EV/NOPAT)	18.48	11.44	8.72	0.00	0.00	167.33	0.00	0.00	0.00	347.45
Enterprise Value to Operating Cash Flow (EV/OCF)	20.91	12.14	18.11	24.04	13.66	28.32	22.01	12.09	14.96	11.96
Enterprise Value to Free Cash Flow (EV/FCFF)	13.22	7.31	9.52	13.38	15.90	3.16	7.64	7.63	10.26	84.06
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-
Debt to Equity	-267.85	36.36	36.24	-28.48	-17.25	-5.82	-5.44	-4.96	-4.06	-3.32
Long-Term Debt to Equity	-264.57	35.82	31.86	-24.97	-16.80	-5.66	-5.29	-4.83	-3.96	-3.23
Financial Leverage	79.37	17.90	21.17	-103.57	-23.91	-9.00	-9.75	-6.16	-4.83	-2.83
Leverage Ratio	236.41	55.98	60.96	-290.46	-67.59	-29.27	-25.98	-16.89	-12.53	-8.10
Compound Leverage Factor	70.82	57.12	-25.87	-321.95	-41.61	-31.03	-4.65	-28.77	-19.79	-21.57
Debt to Total Capital	100.37%	97.32%	97.31%	103.64%	106.15%	120.74%	122.53%	125.25%	132.64%	143.13%
Short-Term Debt to Total Capital	1.23%	1.45%	11.75%	12.77%	2.78%	3.32%	3.34%	3.38%	3.55%	3.97%
Long-Term Debt to Total Capital	99.15%	95.88%	85.56%	90.86%	103.37%	117.42%	119.19%	121.87%	129.08%	139.16%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Common Equity to Total Capital	-0.37%	2.68%	2.69%	-3.64%	-6.15%	-20.74%	-22.53%	-25.25%	-32.64%	-43.13%
Debt to EBITDA	7.74	6.12	7.45	16.02	19.79	15.03	-20.36	205.89	-34.26	13.84
Net Debt to EBITDA	5.62	4.23	5.64	11.84	14.48	10.67	-15.22	146.52	-24.91	10.34
Long-Term Debt to EBITDA	7.64	6.03	6.55	14.04	19.28	14.62	-19.80	200.33	-33.34	13.46
Debt to NOPAT	20.72	11.88	8.32	-90.33	-128.07	158.35	-10.97	-18.44	-12.77	243.28
Net Debt to NOPAT	15.05	8.21	6.30	-66.77	-93.68	112.44	-8.21	-13.12	-9.28	181.67
Long-Term Debt to NOPAT	20.47	11.70	7.32	-79.19	-124.71	154.00	-10.67	-17.94	-12.43	236.53
Altman Z-Score	2.45	2.24	2.37	2.22	2.32	1.70	1.96	1.90	2.05	1.78
Noncontrolling Interest Sharing Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-
Current Ratio	1.07	1.04	0.88	0.87	0.99	1.08	0.97	0.96	0.88	0.79
Quick Ratio	0.90	0.92	0.75	0.75	0.86	0.73	0.86	0.85	0.77	0.71
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	61	218	-3.93	91	177	771	486	415	420	28
Operating Cash Flow to CapEx	-109.31%	0.00%	-138.54%	-0.17%	0.00%	337.13%	-62.76%	439.32%	157.34%	606.25%
Free Cash Flow to Firm to Interest Expense	2.57	0.00	-0.11	6.18	10.53	0.00	10.94	26.01	26.08	0.00
Operating Cash Flow to Interest Expense	-1.54	0.00	-1.08	0.00	1.54	0.00	-0.28	5.82	0.89	0.00
Operating Cash Flow Less CapEx to Interest Expense	-2.95	0.00	-1.85	-1.76	1.80	0.00	-0.73	4.49	0.33	0.00
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.76	0.51	0.74	0.74	0.67	0.46	0.76	0.77	0.81	0.53
Accounts Receivable Turnover	12.01	7.32	12.11	12.37	10.49	7.65	11.27	12.16	13.72	11.25
Inventory Turnover	31.80	16.38	26.22	26.08	22.34	13.42	25.87	26.50	28.74	14.66
Fixed Asset Turnover	7.82	5.44	7.93	7.56	6.93	8.81	7.85	14.57	14.89	15.19
Accounts Payable Turnover	3.10	1.45	2.84	2.79	2.49	1.13	2.82	2.71	2.71	1.06
Days Sales Outstanding (DSO)	30.38	49.85	30.15	29.50	34.80	47.74	32.37	30.01	26.60	32.44
Days Inventory Outstanding (DIO)	11.48	22.28	13.92	13.99	16.34	27.19	14.11	13.77	12.70	24.90
Days Payable Outstanding (DPO)	117.92	251.12	128.46	130.72	146.69	321.73	129.40	134.72	134.51	345.07
Cash Conversion Cycle (CCC)	-76.05	-178.99	-84.40	-87.22	-95.56	-246.80	-82.92	-90.94	-95.21	-287.74
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-
Invested Capital	1,602	1,585	1,706	1,514	1,454	880	1,204	1,082	1,014	855
Invested Capital Turnover	2.23	1.52	2.03	2.09	1.98	1.69	2.24	2.53	2.65	2.34
Increase / (Decrease) in Invested Capital	-43	-105	22	-187	-148	-705	-502	-431	-439	-25
Enterprise Value (EV)	1,977	2,125	2,276	2,177	2,088	2,268	2,347	2,413	2,813	2,742
Market Capitalization	367	601	631	588	510	744	751	902	1,280	1,308
Book Value per Share	($0.05)	$0.35	$0.34	($0.43)	($0.71)	($2.09)	($2.19)	($2.39)	($2.89)	($3.18)
Tangible Book Value per Share	($6.52)	($6.23)	($6.22)	($6.25)	($6.46)	($6.37)	($6.60)	($6.76)	($7.09)	($7.24)
Total Capital	2,208	2,266	2,233	2,074	2,033	1,777	1,742	1,694	1,590	1,341
Total Debt	2,217	2,205	2,173	2,150	2,158	2,146	2,134	2,122	2,109	1,920
Total Long-Term Debt	2,190	2,173	1,911	1,885	2,102	2,087	2,076	2,065	2,052	1,866
Net Debt	1,610	1,524	1,646	1,589	1,579	1,524	1,596	1,510	1,533	1,434
Capital Expenditures (CapEx)	33	-15	29	26	-4.42	28	20	21	9.13	22
Debt-free, Cash-free Net Working Capital (DFCFNWC)	-468	-578	-474	-538	-546	-404	-523	-627	-717	-788
Debt-free Net Working Capital (DFNWC)	138	103	53	23	34	219	15	-15	-142	-302
Net Working Capital (NWC)	111	70	-209	-242	-23	160	-43	-72	-198	-355
Net Nonoperating Expense (NNE)	13	106	26	46	41	290	-13	8.98	119	40
Net Nonoperating Obligations (NNO)	1,610	1,524	1,646	1,589	1,579	1,248	1,596	1,510	1,533	1,434
Total Depreciation and Amortization (D&A)	43	-12	42	42	7.92	31	44	44	7.58	32
Debt-free, Cash-free Net Working Capital to Revenue	-12.96%	-23.29%	-13.77%	-16.05%	-18.06%	-19.42%	-16.04%	-19.13%	-21.90%	-38.86%
Debt-free Net Working Capital to Revenue	3.83%	4.15%	1.54%	0.69%	1.11%	10.51%	0.45%	-0.46%	-4.33%	-14.88%
Net Working Capital to Revenue	3.08%	2.83%	-6.08%	-7.22%	-0.76%	7.68%	-1.33%	-2.21%	-6.06%	-17.51%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$0.03	$0.04	($0.04)	($0.81)	($0.07)	($1.28)	($0.02)	($0.14)	($0.77)	($0.20)
Adjusted Weighted Average Basic Shares Outstanding	174.00M	174.18M	175.63M	176.03M	176.33M	176.53M	178.88M	179.51M	181.70M	182.79M
Adjusted Diluted Earnings per Share	$0.03	$0.04	($0.04)	($0.81)	($0.07)	($1.28)	($0.02)	($0.14)	($0.75)	($0.21)
Adjusted Weighted Average Diluted Shares Outstanding	174.00M	174.18M	175.63M	176.03M	176.33M	176.53M	178.88M	179.51M	181.70M	182.79M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	174.00M	174.18M	175.63M	176.03M	176.33M	176.53M	178.88M	179.51M	181.70M	182.79M
Normalized Net Operating Profit after Tax (NOPAT)	16	116	19	3.24	38	76	41	6.40	37	39
Normalized NOPAT Margin	1.94%	0.00%	2.24%	0.42%	7.59%	0.00%	4.92%	0.81%	7.46%	0.00%
Pre Tax Income Margin	1.22%	0.00%	-1.32%	-19.44%	5.35%	0.00%	1.16%	-4.87%	-8.79%	0.00%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	1.43	0.00	0.70	-9.22	2.60	0.00	1.22	-1.42	-1.73	0.00
NOPAT to Interest Expense	0.77	0.00	0.49	-6.46	1.72	0.00	-0.36	-1.00	-1.21	0.00
EBIT Less CapEx to Interest Expense	0.02	0.00	-0.08	-10.98	2.86	0.00	0.77	-2.75	-2.29	0.00
NOPAT Less CapEx to Interest Expense	-0.64	0.00	-0.29	-8.22	1.98	0.00	-0.81	-2.32	-1.78	0.00
Payout Ratios	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	108.94%	93.98%	414.64%	-25.41%	-22.53%	-9.13%	-9.28%	-13.43%	-9.16%	-17.66%
Augmented Payout Ratio	151.07%	130.38%	414.64%	-25.41%	-22.53%	-9.13%	-9.28%	-13.43%	-9.16%	-17.66%

Frequently Asked Questions About Pitney Bowes' Financials

When does Pitney Bowes's financial year end?

According to the most recent income statement we have on file, Pitney Bowes' fiscal year ends in December. Their fiscal year 2024 ended on December 31, 2024.

How has Pitney Bowes' net income changed over the last 10 years?

Pitney Bowes' net income appears to be on a downward trend, with a most recent value of -$203.60 million in 2024, falling from $352.13 million in 2014. The previous period was -$385.63 million in 2023.

What is Pitney Bowes's operating income?

Pitney Bowes's total operating income in 2024 was $11.27 million, based on the following breakdown:

Total Gross Profit: $1.13 billion
Total Operating Expenses: $1.11 billion

How has Pitney Bowes revenue changed over the last 10 years?

Over the last 10 years, Pitney Bowes' total revenue changed from $3.82 billion in 2014 to $2.03 billion in 2024, a change of -47.0%.

How much debt does Pitney Bowes have?

Pitney Bowes' total liabilities were at $3.98 billion at the end of 2024, a 14.3% decrease from 2023, and a 35.1% decrease since 2014.

How much cash does Pitney Bowes have?

In the past 10 years, Pitney Bowes' cash and equivalents has ranged from $469.73 million in 2024 to $1.05 billion in 2014, and is currently $469.73 million as of their latest financial filing in 2024.

How has Pitney Bowes' book value per share changed over the last 10 years?

Over the last 10 years, Pitney Bowes' book value per share changed from 0.38 in 2014 to -3.18 in 2024, a change of -928.1%.

Remove Ads

Related Companies

This page (NYSE:PBI) was last updated on 4/15/2025 by MarketBeat.com Staff

From Our Partners

Get 30 Days of MarketBeat All Access for Free

Start Your 30-Day Trial

In-depth profiles and analysis for 20,000 public companies.
Real-time analyst ratings, insider transactions, earnings data, and more.
Our daily ratings and market update email newsletter.

Sign In
Create Account

Your Email Address:

Your Password:

Forgot your password?

Your Email Address:

Choose a Password:

By creating a free account, you agree to our terms of service. This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Pitney Bowes (PBI) Financials

Frequently Asked Questions About Pitney Bowes' Financials

Best-in-Class Portfolio Monitoring

Stock Ideas and Recommendations

Advanced Stock Screeners and Research Tools

About MarketBeat

MarketBeat Products

Popular Tools

Financial Calendars

Terms & Info

Pitney Bowes (PBI) Financials

Annual Income Statements for Pitney Bowes

Quarterly Income Statements for Pitney Bowes

Annual Cash Flow Statements for Pitney Bowes

Quarterly Cash Flow Statements for Pitney Bowes

Annual Balance Sheets for Pitney Bowes

Quarterly Balance Sheets for Pitney Bowes

Annual Metrics and Ratios for Pitney Bowes

Quarterly Metrics and Ratios for Pitney Bowes

Frequently Asked Questions About Pitney Bowes' Financials

MarketBeat All Access Features

Best-in-Class Portfolio Monitoring

Stock Ideas and Recommendations

Advanced Stock Screeners and Research Tools