Pitney Bowes (PBI)
NYSE:PBI
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Pitney Bowes
(NYSE:PBI)
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Rating:58Neutral
Price Target:
$11.00
▲(0.82% Upside)
Action:ReiteratedDate:03/03/26
The score reflects improved profitability and materially stronger free cash flow, supported by constructive technical momentum and a reasonable valuation. The primary limiter is elevated financial risk from high leverage and negative equity, alongside ongoing revenue pressure and management’s acknowledgment of near-term volatility and cash flow timing dependence.
Positive Factors
Stronger free cash flow
Sustained positive operating and free cash flow materially improves the company’s ability to service debt, fund operations, and pursue opportunistic buybacks or restructuring. If maintained across quarters, this cash generation is a durable lever to de‑risk the balance sheet and support strategic actions.
Negative Factors
High leverage and negative equity
A capital structure with sizable debt and negative equity severely limits financial flexibility, increases refinancing and covenant risk, and amplifies downside in weaker demand. Even with better cash flow, leverage remains a structural constraint that will take multiple quarters of outperformance to meaningfully repair.
Read all positive and negative factors
Positive Factors
Negative Factors
Stronger free cash flow
Sustained positive operating and free cash flow materially improves the company’s ability to service debt, fund operations, and pursue opportunistic buybacks or restructuring. If maintained across quarters, this cash generation is a durable lever to de‑risk the balance sheet and support strategic actions.
Read all positive factors
Pitney Bowes (PBI) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$1.63B
Dividend Yield2.82%
Average Volume (3M)3.21M
Price to Earnings (P/E)12.6
Beta (1Y)1.37
Revenue Growth-35.52%
EPS GrowthN/A
CountryUS
Employees7,200
SectorIndustrials
Sector Strength72
IndustryIntegrated Freight & Logistics
Share Statistics
EPS (TTM)0.45
Shares Outstanding149,942,700
10 Day Avg. Volume3,588,474
30 Day Avg. Volume3,208,825
Financial Highlights & Ratios
PEG Ratio-0.07
Price to Book (P/B)-2.28
Price to Sales (P/S)0.97
P/FCF Ratio6.10
Enterprise Value/Market Cap2.26
Enterprise Value/Revenue1.95
Enterprise Value/Gross Profit3.60
Enterprise Value/Ebitda9.08
Forecast
1Y Price Target
$9.50Price Target Upside-12.92% Downside
Rating ConsensusModerate Sell
Number of Analyst Covering2
EPS Forecast (FY)1.39
Revenue Forecast (FY)$1.82B
Pitney Bowes Business Overview & Revenue Model
Company Description
Pitney Bowes Inc., a shipping and mailing company, provides technology, logistics, and financial services to small and medium-sized businesses, large enterprises, retailers, and government clients in the United States, Canada, and internationally....
How the Company Makes Money
Pitney Bowes generates revenue through several key streams, primarily from its shipping and mailing solutions, which include both hardware and software offerings. The company sells postage meters and shipping equipment, which are often accompanied...
Pitney Bowes Earnings Call Summary
Earnings Call Date:Feb 17, 2026
(Q4-2025)
| % Change Since: |
Next Earnings Date:Apr 24, 2026
Earnings Call Sentiment Neutral
The call balanced clear progress on strategic initiatives (leadership hires, Presort stabilization, free cash flow beat, cost actions and an upcoming external review) against persistent operational and macro challenges (SendTech revenue weakness, prior Presort customer losses, restructuring charges, and near-term timing/comps risk). Management expressed confidence in a multi-quarter recovery driven by aggressive Presort pricing, a fuller pipeline, easing IMI migration headwinds and opportunistic capital allocation, but acknowledged continued volatility and short-term risks.Positive Updates
Executive Hires Strengthen Leadership
Announced several senior executive additions (including Steve Fischer to lead Pitney Bowes Bank), described as high-caliber hires expected to unlock growth opportunities in the bank and improve overall leadership capability.
Negative Updates
Top-line Pressure in SendTech
SendTech is expected to report a top-line decline for the year; management said the front half of the year will be weaker with second half improvement expected as IMI migration impacts moderate.
Read all updates
Q4-2025 Updates
Positive
Negative
Executive Hires Strengthen Leadership
Announced several senior executive additions (including Steve Fischer to lead Pitney Bowes Bank), described as high-caliber hires expected to unlock growth opportunities in the bank and improve overall leadership capability.
Read all positive updates
Company Guidance
The company reiterated that its public guidance reflects adjusted measures (EBIT, EBITDA, EPS and free cash flow) and a wider-than-normal range driven by market and geopolitical uncertainty (e.g., potential government shutdowns and macro/Fed uncertainty), while flagging several numeric targets: management is aiming to operate around ~3x net debt to adjusted EBITDA (they finished the year slightly below that), believes Presort can sustain EBIT margins in the low‑to‑mid‑20% range as it pursues more aggressive pricing, expects SendTech revenue to decline year‑over‑year for 2026 but to show sequential improvement with a stronger second half, sees Presort volumes potentially returning to positive growth in H2 as comps ease, projects free cash flow above Street expectations (with Presort prepayments a large driver and restructuring payments added back to FCF), and will remain opportunistic on share and debt buybacks while commencing an external strategic review in Q2.Pitney Bowes Financial Statement Overview
Summary
Income Statement
58
Neutral
Balance Sheet
27
Negative
Cash Flow
64
Positive
| Breakdown | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 1.89B | 2.03B | 2.08B | 3.54B | 3.67B |
| Gross Profit | 1.02B | 1.06B | 1.03B | 1.08B | 1.12B |
| EBITDA | 405.56M | 182.38M | 177.28M | 294.23M | 251.96M |
| Net Income | 144.70M | 10.24M | -385.63M | 36.94M | 3.51M |
Balance Sheet | |||||
| Total Assets | 3.17B | 3.40B | 4.27B | 4.74B | 4.96B |
| Cash, Cash Equivalents and Short-Term Investments | 297.12M | 486.10M | 622.22M | 681.15M | 746.92M |
| Total Debt | 2.22B | 2.05B | 2.30B | 2.57B | 2.56B |
| Total Liabilities | 3.97B | 3.98B | 4.64B | 4.68B | 4.85B |
| Stockholders Equity | -802.36M | -578.43M | -368.58M | 60.65M | 112.63M |
Cash Flow | |||||
| Free Cash Flow | 299.71M | 156.77M | -23.41M | 51.14M | 117.47M |
| Operating Cash Flow | 365.99M | 229.17M | 79.47M | 175.98M | 301.51M |
| Investing Cash Flow | -125.10M | -49.06M | -122.83M | -24.27M | -155.25M |
| Financing Cash Flow | -428.09M | -305.45M | -31.27M | -198.08M | -330.37M |
Pitney Bowes Technical Analysis
Positive
10.91
Price Trends
10.44
Positive
10.17
Positive
10.67
Positive
Market Momentum
0.07
Negative
57.70
Neutral
92.40
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For PBI, the sentiment is Positive. The current price of 10.91 is above the 20-day moving average (MA) of 10.52, above the 50-day MA of 10.44, and above the 200-day MA of 10.67, indicating a bullish trend. The MACD of 0.07 indicates Negative momentum. The RSI at 57.70 is Neutral, neither overbought nor oversold. The STOCH value of 92.40 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for PBI.
Pitney Bowes Risk Analysis
Pitney Bowes disclosed 26 risk factors in its most recent earnings report. Pitney Bowes reported the most risks in the "Finance & Corporate" category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 0 New Risks
Pitney Bowes Peers Comparison
UnderperformOutperform
Sector (63)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
69 Neutral | $19.45B | 31.73 | 16.33% | 0.89% | -1.60% | 4.87% | |
68 Neutral | $82.07B | 22.26 | 15.76% | 1.94% | 3.09% | 14.94% | |
66 Neutral | $18.85B | 24.87 | 35.57% | 1.02% | 12.54% | 19.59% | |
66 Neutral | $80.49B | 11.75 | 35.12% | 6.55% | -1.25% | -2.25% | |
63 Neutral | $10.79B | 15.43 | 7.44% | 2.01% | 2.89% | -14.66% | |
58 Neutral | $1.63B | 12.64 | -22.82% | 2.82% | -35.52% | ― | |
58 Neutral | $5.33B | 44.08 | 13.01% | 2.56% | -0.74% | -32.79% |
* Industrials Sector Average
PBI
Pitney Bowes
10.87
2.11
24.09%
EXPD
Expeditors International
141.22
22.42
18.87%
FDX
FedEx
343.97
105.49
44.23%
JBHT
JB Hunt
205.59
59.25
40.49%
LSTR
Landstar System
156.52
10.08
6.88%
UPS
United Parcel
94.80
-8.15
-7.92%
Pitney Bowes Corporate Events
Business Operations and StrategyPrivate Placements and Financing
Pitney Bowes Completes $150 Million Senior Notes Offering
Positive
Mar 2, 2026
On March 2, 2026, Pitney Bowes Inc. completed a $150 million private offering of 7.250% Senior Notes due 2029 as an add-on to its existing 2029 notes, bringing the total outstanding in this series to $476 million. The senior unsecured notes, guara...
Business Operations and StrategyPrivate Placements and Financing
Pitney Bowes Announces $200 Million Senior Notes Offering
Neutral
Feb 25, 2026
On February 25, 2026, Pitney Bowes Inc. said it planned a private placement of an additional $200 million of its 7.250% Senior Notes due March 15, 2029, to be issued as a single series with its existing 7.250% Senior Notes first sold on March 19, ...
Business Operations and StrategyPrivate Placements and Financing
Pitney Bowes Completes Expanded Cash Tender Offer for Notes
Positive
Dec 22, 2025
On December 22, 2025, Pitney Bowes announced that its cash tender offers for its 6.70% Notes due 2043 and 5.250% Medium-Term Notes due 2037 had expired, following an increase in the maximum aggregate principal amount to be purchased from $75 milli...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.