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what it is
Pitney Bowes helps businesses send mail and parcels, then makes money on the machines, services, and financing around that mess.
how it gets paid
Last year Pitney Bowes made $1.9B in revenue. Mail processing services was the main engine at $636.6M, or 34% of sales.
growth snapshot
Revenue was roughly flat last year at $1.9B. $0.66 EPS matters because trailing EPS is only $0.81.
what just happened
Pitney Bowes posted $0.66 EPS on $1.4 billion of quarterly revenue, a sharp rebound from the prior year.
At a glance
C++ balance sheet — some cracks in the foundation
15/100 earnings predictability — expect surprises
12.5x trailing p/e — the market's not buying it — or you found a deal
3.5% dividend yield — cash in your pocket every quarter
15.0% return on capital — nothing to write home about
xvary composite: 40/100 — below average
What they do
Pitney Bowes helps businesses send mail and parcels, then makes money on the machines, services, and financing around that mess.
More than 90% of the Fortune 500 use Pitney Bowes, according to the company description in the provided source data. That scale matters because your shipping and mailing workflow gets wired into its machines, software, and service network, and switching means operational headaches. The quiet part is simple: boring back-office tools stay sticky when they touch invoicing, postage, and parcel tracking every day.
How they make money
$1.9B
annual revenue · their business grew +0.0% last year
Mail processing services
$636.6M
flat
Shipping and mailing technology
$530.0M
dn
Domestic parcel delivery and returns
$500.0M
up
Digital shipping, tracking, and receiving software
$150.0M
up
Financial services and other
$83.4M
dn
The products that matter
parcel software and logistics
Digital Shipping Solutions
$627M · flat growth
this $627M segment did not grow last year. if your turnaround depends on something other than cost cuts, this is the segment you watch first.
0.0% growth
office mailing and postage
Mailing Equipment & Services
$636M · declining
this $636M segment fell 4.0% last year. one weak segment can be managed. one-third of company revenue shrinking is a structural problem.
-4.0%
bulk mail sorting
Presort Mailing Services
$637M · scale asset
it generated $637M and handles 20% of u.s. bulk mail. that scale matters, but it still sits in a market where volume pressure does not need your permission.
20% of u.s. bulk mail
Key numbers
$2.1B
long-term debt
This matters because the debt stack is larger than the company's roughly $2 billion market value, so balance-sheet risk drives the story.
15.0%
return on capital
Return on capital → profit earned on money invested → so what: the business still produces decent returns despite weak revenue trends.
26.3%
operating margin
Operating margin → profit after running the business → so what: this is a lot of margin for a company everyone thinks is just postage meters.
12.5x
trailing p/e
P/E → price divided by profit → so what: you are paying a low multiple, but low multiples often belong to shrinking businesses.
Financial health
C++
strength
- balance sheet grade C++ — below average — limited financial resources
- risk rank 3 — safer than 50% of stocks
- price stability 20 / 100
- long-term debt $2.1B (58% of capital)
C++ — balance sheet grade and long-term debt are flagged. this stock carries more risk than average.
Total return vs. market
Return history isn't available for PBI right now.
source: institutional data · return history unavailable
What just happened
beat estimates
Pitney Bowes posted $0.66 EPS on $1.4 billion of quarterly revenue, a sharp rebound from the prior year.
Latest-quarter revenue rose 208% vs. prior year to $1.4 billion, and EPS increased 120% to $0.66 based on the provided SEC-verified figures. Full-year revenue still sat at $1.9 billion, basically flat, so one strong quarter does not erase the bigger slowdown.
$1.4B
revenue
$0.66
eps
n/a
n/a
the number that mattered
$0.66 EPS matters because trailing EPS is only $0.81, which means one quarter did most of the recent heavy lifting.
source: company earnings report, 2026
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What could go wrong
the #1 risk is physical mail decline outrunning cost cuts.
med
two-thirds of revenue is still moving backward
Presort Mailing Services and Mailing Equipment & Services produced $637M and $636M last year, and both fell 4.0%. That is $1.273B of revenue still shrinking inside a $2B company.
if those declines hold or worsen, the 2026 revenue target of $1.8B stops looking conservative and starts looking optimistic.
med
$2.1B of long-term debt narrows the range of outcomes
debt equals 58% of capital. in human-speak, you have less margin for a weak quarter, a refinancing problem, or a turnaround that takes longer than management planned.
that balance-sheet pressure matters more because revenue is already expected to fall 5% in 2026.
med
digital shipping has not become the offset yet
Digital Shipping Solutions generated $627M and posted 0.0% growth. Flat is better than decline. Flat does not fund a rerating by itself.
if the segment stays flat again, almost all of the earnings improvement has to come from cost action instead of business momentum.
med
the dividend can mask the real question
a 3.5% yield and $358M of free cash flow make the stock look steadier than it is. income matters, but yield does not solve for top-line erosion.
if cash flow softens, the stock loses one of its clearest support beams at the same time the balance sheet stays stretched.
$1.273B of revenue is still shrinking, the segment meant to offset it was flat at $627M, and long-term debt stands at $2.1B. that is the combined risk picture.
source: institutional data · regulatory filings · risk analysis
Pay attention to
metric
adjusted EPS target of $1.50
management wants a 43% jump from $0.84 while revenue falls 5%. if that lands, the turnaround earns credibility. if it misses, the low multiple stops looking like a bargain.
trend
whether digital shipping finally grows
Digital Shipping Solutions was $627M and flat last year. flat kept things from getting worse. growth is what would make the story better.
risk
debt against cash generation
$358M of free cash flow sounds solid until you put it next to $2.1B of long-term debt. same company. very different feeling.
calendar
next earnings report
you are looking for one simple answer: are the two mail businesses still falling around 4%, or is the decline finally easing enough for the earnings story to stick.
Analyst rankings
earnings predictability
15 / 100
low predictability means estimates can move a lot here. in human-speak, analysts do not trust the earnings path yet.
risk rank
3
that puts PBI around the middle on risk. not a disaster. not a place you hide either.
balance sheet grade
C++
below average balance sheet grade. you are not getting fortress-level protection with this turnaround.
source: institutional data
Institutional activity
institutional ownership data for PBI is being compiled.
source: institutional data
Price targets
3-5 year target range
n/a
n/a
$11
current price
n/a
target midpoint · n/a from current
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