PITNEY BOWES INC /DE/ PBI
Last close
17.40
2026-09-04
Market cap
$2.39B
2026-06-30 share count
52-week range
8.95 - 19.07
Valuation FY2025 figures against the last close
P/S1.3x
P/E20.7x
P/FCF7.5x
EV/EBITDA—
Dividend yield2.1%
Diluted EPS0.84
Annual financial statements
Income statement
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $1.89B | $2.03B | $2.08B | $2.48B | $3.67B | $3.55B | $3.21B | $3.21B | $2.78B | $2.98B |
| Cost of revenue | — | $964.3M | $1.05B | — | $2.55B | $2.40B | $1.92B | $1.79B | $1.43B | $1.51B |
| Gross profit | — | $1.06B | $1.03B | — | $1.12B | $1.15B | $1.28B | $1.42B | $1.35B | $1.47B |
| R&D | $15.3M | $32.0M | $29.5M | $35.5M | $46.8M | $38.4M | $51.3M | $58.5M | $60.9M | $107.4M |
| SG&A | $621.6M | $717.9M | $781.6M | $785.5M | $924.2M | $963.3M | $1.00B | $1.00B | $1.03B | $1.14B |
| Total operating expenses | $1.70B | $2.08B | $2.12B | $2.29B | $3.68B | $3.74B | $3.18B | $3.02B | $2.59B | $2.78B |
| Interest expense | $101.5M | $110.1M | $98.8M | $90.0M | $96.9M | $105.8M | $110.9M | $115.4M | $118.0M | $89.0M |
| Pre-tax income | $192.5M | -$52.3M | -$43.9M | $188.7M | -$7.4M | -$183.4M | $26.7M | $188.1M | $193.7M | $201.8M |
| Income tax | $47.8M | $154.8M | $17.3M | $43.0M | $10.9M | $7.1M | $13.1M | $6.4M | $13.7M | $107.0M |
| Net income | $144.7M | -$203.6M | -$385.6M | $36.9M | -$1.4M | -$180.4M | $194.3M | $241.8M | $243.5M | $92.8M |
| EPS, basic | 0.84 | -1.13 | -2.20 | 0.21 | -0.01 | -1.05 | 1.10 | 1.29 | 1.31 | 0.49 |
| EPS, diluted | 0.84 | -1.12 | -2.20 | 0.21 | -0.01 | -1.05 | 1.10 | 1.28 | 1.30 | 0.49 |
| Shares, diluted (wtd. avg.) | $173.0M | $182.5M | $175.6M | $177.3M | $179.1M | $171.5M | $177.4M | $188.4M | $187.4M | $189.0M |
Balance sheet
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and equivalents | $284.9M | $469.7M | $600.1M | $668.3M | $732.5M | $921.5M | $924.4M | $867.3M | $1.01B | $764.5M |
| Short-term investments | $12.2M | $16.4M | $22.2M | $11.2M | $14.4M | $19.0M | $115.9M | $59.4M | $49.0M | $38.4M |
| Receivables | $168.1M | $160.0M | $200.2M | $343.6M | $334.6M | $389.2M | $373.5M | $371.8M | $427.0M | $455.5M |
| Inventory | $66.2M | $59.8M | $63.0M | $83.7M | $78.6M | $71.5M | $68.3M | $62.3M | $40.8M | $92.7M |
| Total current assets | $1.10B | $1.32B | $2.06B | $1.80B | $1.89B | $2.11B | $2.24B | $2.70B | $2.83B | $2.33B |
| Property, plant and equipment | — | — | — | — | $429.2M | $391.3M | $376.2M | $398.5M | $373.5M | $314.6M |
| Goodwill | $746.7M | $721.0M | $734.4M | $851.3M | $1.14B | $1.15B | $1.32B | $1.33B | $1.33B | $1.40B |
| Other intangibles | $14.7M | $15.8M | $20.4M | $77.9M | $132.4M | $159.8M | $190.6M | $213.2M | $272.2M | $165.2M |
| Total assets | $3.17B | $3.40B | $4.27B | $4.74B | $4.96B | $5.22B | $5.47B | $5.94B | $6.63B | $5.84B |
| Accounts payable | $845.4M | $873.6M | $829.4M | $907.1M | $922.5M | $880.6M | $793.7M | $1.35B | $1.46B | $1.38B |
| Short-term debt | $17.1M | $53.2M | $58.9M | $32.8M | $24.7M | $216.0M | $20.1M | $199.5M | $271.1M | $614.5M |
| Total current liabilities | $1.55B | $1.67B | $1.90B | $1.73B | $1.73B | $1.87B | $1.57B | $1.89B | $2.07B | $2.33B |
| Long-term debt | $1.98B | $1.87B | $2.09B | $2.17B | $2.30B | $2.35B | $2.72B | $3.07B | $3.56B | $2.75B |
| Total liabilities | $3.97B | $3.98B | $4.64B | $4.68B | $4.85B | $5.15B | $5.18B | $5.84B | $6.50B | $5.94B |
| Retained earnings | $2.66B | $2.67B | $3.08B | $5.13B | $5.17B | $5.21B | $5.44B | $5.28B | $5.23B | $5.11B |
| Total equity | -$802.4M | -$578.4M | -$368.6M | $60.7M | $112.6M | $70.6M | $289.2M | $101.8M | $30.6M | -$103.7M |
Cash flow
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $383.3M | $229.2M | $80.1M | $175.0M | $301.5M | $302.0M | $267.9M | $344.7M | $454.2M | $496.1M |
| Depreciation and amortisation | $107.0M | $110.0M | $108.0M | $101.0M | $132.0M | $127.0M | $123.0M | $110.0M | $99.0M | $134.0M |
| Stock-based compensation | $14.2M | $16.5M | $8.9M | $16.3M | $20.9M | $17.5M | $23.1M | $21.0M | $24.4M | $14.9M |
| Capital expenditure | $66.3M | $72.4M | $78.1M | $82.6M | $184.0M | $105.0M | $137.3M | $137.8M | $118.2M | $159.2M |
| Investing cash flow | -$125.1M | -$49.1M | -$124.1M | -$24.3M | -$155.3M | -$75.7M | $457.6M | $286.3M | -$621.4M | -$115.6M |
| Financing cash flow | -$445.4M | -$305.5M | -$30.0M | -$198.1M | -$330.4M | -$235.4M | -$670.3M | -$745.4M | $367.7M | -$229.5M |
| Dividends paid | $51.1M | $36.0M | $35.2M | $34.7M | $34.8M | $34.3M | $35.4M | $140.5M | $139.5M | $140.6M |
| Buybacks | $378.4M | — | $0 | $13.4M | — | — | $105.0M | — | — | $197.3M |
Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001628280-26-009921.