Pitney Bowes (PBI)
Market Price (2/27/2026): $10.845 | Market Cap: $1.8 BilSector: Industrials | Industry: Office Services & Supplies
Pitney Bowes (PBI)
Market Price (2/27/2026): $10.845Market Cap: $1.8 BilSector: IndustrialsIndustry: Office Services & Supplies
Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.
| Attractive yieldTotal YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 5.6%, FCF Yield is 13% | Meaningful short interestShort Interest Days-to-CoverDTC = (Short Interest Share Quantity) / (Average Daily Trading Volume). Reflects how many days it would take to cover (close out) the short interest based on average volumes. High DTC can signify an increased risk of a short squeeze. is 10.48, Short Interest % of Basic SharesShort Interest % of Basic Shares = (Short Interest Quantity) / (Basic Shares Outstanding). A high fraction of short interest can indicate potential risk of a short squeeze. is 11% | Debt is significantNet D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is 104% |
| Attractive cash flow generationCFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 15%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is 12% | Weak revenue growthRev Chg LTMRevenue Change % Last Twelve Months (LTM) is -5.2%, Rev Chg 3Y AvgRevenue Change % averaged over trailing 3 years is -16%, Rev Chg QQuarterly Revenue Change % is -8.0% | |
| Low stock price volatilityVol 12M is 39% | Key risksPBI key risks include [1] a significant debt burden restricting financial flexibility, Show more. | |
| Megatrend and thematic driversMegatrends include E-commerce & Digital Retail, and Automation & Robotics. Themes include Direct-to-Consumer Brands, Last-Mile Delivery, Show more. |
| Attractive yieldTotal YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 5.6%, FCF Yield is 13% |
| Attractive cash flow generationCFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 15%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is 12% |
| Low stock price volatilityVol 12M is 39% |
| Megatrend and thematic driversMegatrends include E-commerce & Digital Retail, and Automation & Robotics. Themes include Direct-to-Consumer Brands, Last-Mile Delivery, Show more. |
| Meaningful short interestShort Interest Days-to-CoverDTC = (Short Interest Share Quantity) / (Average Daily Trading Volume). Reflects how many days it would take to cover (close out) the short interest based on average volumes. High DTC can signify an increased risk of a short squeeze. is 10.48, Short Interest % of Basic SharesShort Interest % of Basic Shares = (Short Interest Quantity) / (Basic Shares Outstanding). A high fraction of short interest can indicate potential risk of a short squeeze. is 11% |
| Debt is significantNet D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is 104% |
| Weak revenue growthRev Chg LTMRevenue Change % Last Twelve Months (LTM) is -5.2%, Rev Chg 3Y AvgRevenue Change % averaged over trailing 3 years is -16%, Rev Chg QQuarterly Revenue Change % is -8.0% |
| Key risksPBI key risks include [1] a significant debt burden restricting financial flexibility, Show more. |
Qualitative Assessment
AI Analysis | Feedback
Pitney Bowes (PBI) stock has gained about 10% since 10/31/2025 because of the following key factors:
1. Pitney Bowes exceeded Q4 2025 earnings expectations and delivered a full-year financial turnaround.
The company reported adjusted earnings per share (EPS) of $0.45 for Q4 2025, surpassing analyst estimates of $0.38 by 17.6%. This strong performance contributed to a full-year 2025 GAAP EPS swing to a profit of $0.84, a significant reversal from a loss of $1.12 in 2024. Adjusted EBIT also increased to $461 million in 2025 from $385 million in 2024, and free cash flow rose to $358 million from $290 million despite a 7% decline in revenue for the full year. These positive results, announced on February 17, 2026, led to a stock surge of approximately 13.2% that day.
2. The company issued optimistic financial guidance for fiscal year 2026.
Pitney Bowes projected adjusted EPS for 2026 to be between $1.40 and $1.60, with the midpoint of $1.50 exceeding analyst estimates by 3.8%. The guidance also included expected revenue of $1.76 billion to $1.86 billion, adjusted EBIT of $410 million to $460 million, and free cash flow of $340 million to $370 million. This forward-looking outlook signals continued financial health and strategic execution.
Show more
1. Pitney Bowes exceeded Q4 2025 earnings expectations and delivered a full-year financial turnaround.
The company reported adjusted earnings per share (EPS) of $0.45 for Q4 2025, surpassing analyst estimates of $0.38 by 17.6%. This strong performance contributed to a full-year 2025 GAAP EPS swing to a profit of $0.84, a significant reversal from a loss of $1.12 in 2024. Adjusted EBIT also increased to $461 million in 2025 from $385 million in 2024, and free cash flow rose to $358 million from $290 million despite a 7% decline in revenue for the full year. These positive results, announced on February 17, 2026, led to a stock surge of approximately 13.2% that day.
2. The company issued optimistic financial guidance for fiscal year 2026.
Pitney Bowes projected adjusted EPS for 2026 to be between $1.40 and $1.60, with the midpoint of $1.50 exceeding analyst estimates by 3.8%. The guidance also included expected revenue of $1.76 billion to $1.86 billion, adjusted EBIT of $410 million to $460 million, and free cash flow of $340 million to $370 million. This forward-looking outlook signals continued financial health and strategic execution.
Show more
Stock Movement Drivers
Fundamental Drivers
The 10.0% change in PBI stock from 10/31/2025 to 2/26/2026 was primarily driven by a 10.0% change in the company's P/E Multiple.| (LTM values as of) | 10312025 | 2262026 | Change |
|---|---|---|---|
| Stock Price ($) | 9.79 | 10.76 | 10.0% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 1,931 | 1,931 | 0.0% |
| Net Income Margin (%) | 4.1% | 4.1% | 0.0% |
| P/E Multiple | 20.7 | 22.7 | 10.0% |
| Shares Outstanding (Mil) | 169 | 169 | 0.0% |
| Cumulative Contribution | 10.0% |
Market Drivers
10/31/2025 to 2/26/2026| Return | Correlation | |
|---|---|---|
| PBI | 10.0% | |
| Market (SPY) | 1.1% | 32.2% |
| Sector (XLI) | 14.0% | 19.6% |
Fundamental Drivers
The -3.7% change in PBI stock from 7/31/2025 to 2/26/2026 was primarily driven by a -7.6% change in the company's P/S Multiple.| (LTM values as of) | 7312025 | 2262026 | Change |
|---|---|---|---|
| Stock Price ($) | 11.17 | 10.76 | -3.7% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 1,971 | 1,931 | -2.0% |
| P/S Multiple | 1.0 | 0.9 | -7.6% |
| Shares Outstanding (Mil) | 180 | 169 | 6.4% |
| Cumulative Contribution | -3.7% |
Market Drivers
7/31/2025 to 2/26/2026| Return | Correlation | |
|---|---|---|
| PBI | -3.7% | |
| Market (SPY) | 9.4% | 36.2% |
| Sector (XLI) | 16.7% | 24.8% |
Fundamental Drivers
The 24.4% change in PBI stock from 1/31/2025 to 2/26/2026 was primarily driven by a 23.0% change in the company's P/S Multiple.| (LTM values as of) | 1312025 | 2262026 | Change |
|---|---|---|---|
| Stock Price ($) | 8.65 | 10.76 | 24.4% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 2,037 | 1,931 | -5.2% |
| P/S Multiple | 0.8 | 0.9 | 23.0% |
| Shares Outstanding (Mil) | 180 | 169 | 6.7% |
| Cumulative Contribution | 24.4% |
Market Drivers
1/31/2025 to 2/26/2026| Return | Correlation | |
|---|---|---|
| PBI | 24.4% | |
| Market (SPY) | 15.5% | 49.5% |
| Sector (XLI) | 29.0% | 44.4% |
Fundamental Drivers
The 181.6% change in PBI stock from 1/31/2023 to 2/26/2026 was primarily driven by a 369.0% change in the company's Net Income Margin (%).| (LTM values as of) | 1312023 | 2262026 | Change |
|---|---|---|---|
| Stock Price ($) | 3.82 | 10.76 | 181.6% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 3,613 | 1,931 | -46.6% |
| Net Income Margin (%) | 0.9% | 4.1% | 369.0% |
| P/E Multiple | 20.8 | 22.7 | 9.1% |
| Shares Outstanding (Mil) | 174 | 169 | 2.9% |
| Cumulative Contribution | 181.6% |
Market Drivers
1/31/2023 to 2/26/2026| Return | Correlation | |
|---|---|---|
| PBI | 181.6% | |
| Market (SPY) | 75.9% | 36.5% |
| Sector (XLI) | 81.0% | 38.2% |
Price Returns Compared
| 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Total [1] | |
|---|---|---|---|---|---|---|---|
| Returns | |||||||
| PBI Return | 10% | -40% | 22% | 71% | 50% | 1% | 110% |
| Peers Return | 30% | -30% | 75% | 28% | 5% | 21% | 158% |
| S&P 500 Return | 27% | -19% | 24% | 23% | 16% | 1% | 85% |
Monthly Win Rates [3] | |||||||
| PBI Win Rate | 25% | 33% | 58% | 58% | 67% | 50% | |
| Peers Win Rate | 62% | 47% | 65% | 48% | 53% | 80% | |
| S&P 500 Win Rate | 75% | 42% | 67% | 75% | 67% | 100% | |
Max Drawdowns [4] | |||||||
| PBI Max Drawdown | 0% | -64% | -23% | -15% | -3% | -5% | |
| Peers Max Drawdown | -9% | -43% | -6% | -15% | -29% | -6% | |
| S&P 500 Max Drawdown | -1% | -25% | -1% | -2% | -15% | -1% | |
[1] Cumulative total returns since the beginning of 2021
[2] Peers: IRM, FDX, UPS, XPO, SHOP. See PBI Returns vs. Peers.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2026 data is for the year up to 2/26/2026 (YTD)
How Low Can It Go
| Event | PBI | S&P 500 |
|---|---|---|
| 2022 Inflation Shock | ||
| % Loss | -82.9% | -25.4% |
| % Gain to Breakeven | 485.0% | 34.1% |
| Time to Breakeven | Not Fully Recovered days | 464 days |
| 2020 Covid Pandemic | ||
| % Loss | -56.9% | -33.9% |
| % Gain to Breakeven | 132.1% | 51.3% |
| Time to Breakeven | 122 days | 148 days |
| 2018 Correction | ||
| % Loss | -80.5% | -19.8% |
| % Gain to Breakeven | 413.6% | 24.7% |
| Time to Breakeven | Not Fully Recovered days | 120 days |
| 2008 Global Financial Crisis | ||
| % Loss | -63.5% | -56.8% |
| % Gain to Breakeven | 173.8% | 131.3% |
| Time to Breakeven | Not Fully Recovered days | 1,480 days |
Compare to IRM, FDX, UPS, XPO, SHOP
In The Past
Pitney Bowes's stock fell -82.9% during the 2022 Inflation Shock from a high on 1/26/2021. A -82.9% loss requires a 485.0% gain to breakeven.
Preserve Wealth
Limiting losses and compounding gains is essential to preserving wealth.
Asset Allocation
Actively managed asset allocation strategies protect wealth. Learn more.
About Pitney Bowes (PBI)
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 and internationally. It operates through Global Ecommerce, Presort Services, and SendTech Solutions segments. The Global Ecommerce segment provides domestic parcel services, cross-border solutions, and digital delivery services. The Presort Services segment offers mail sortation services, which allow clients to qualify volumes of first-class mail, marketing mail, and bound and packet mail for postal work sharing discounts. The SendTech Solutions segment provides physical and digital mailing and shipping technology solutions, financing, services, supplies, and other applications for sending, tracking and receiving of letters, parcels, and flats. Pitney Bowes Inc. markets its products, solutions, and services through direct and inside sales force, global and regional partner channels, direct mailings, and digital channels. The company was formerly known as Pitney Bowes Postage Meter Company. Pitney Bowes Inc. was founded in 1920 and is headquartered in Stamford, Connecticut.
AI Analysis | Feedback
1. The Xerox for mailrooms and business mailing equipment.
2. An Amazon FBA for businesses looking for external e-commerce fulfillment and shipping solutions.
AI Analysis | Feedback
- Shipping & Mailing Solutions: Provides postage meters, mailing machines, software, and supplies for businesses to process mail and parcels efficiently.
- E-commerce Logistics: Offers comprehensive global fulfillment, shipping, and returns management services for online retailers.
- Presort Services: Processes high volumes of outbound mail from businesses to achieve postal discounts and expedite delivery.
- Financial Services: Provides leasing and financing options for Pitney Bowes equipment and related services to its clients.
AI Analysis | Feedback
Pitney Bowes (symbol: PBI) primarily sells its products and services to other companies and organizations (B2B). Due to the broad and diverse nature of its customer base, Pitney Bowes does not typically disclose specific "major customer" companies by name in its public filings, as its revenue is derived from a vast number of businesses across various industries and sizes.
Instead, its major customer segments can be categorized by the types of companies they serve:
- Businesses of All Sizes (Small, Medium, and Large Enterprises): These companies across diverse industries utilize Pitney Bowes' SendTech solutions, including postage meters, shipping software, parcel lockers, and mailing equipment, for their daily mailing, shipping, and document management needs.
- High-Volume Mailers and Enterprises: This category includes large corporations, financial institutions (e.g., banks, insurance companies), healthcare providers, utilities, and government agencies. These entities leverage Pitney Bowes' Presort Services to process vast quantities of mail more efficiently and at reduced postage rates, as well as their enterprise-level mailing and document solutions.
- E-commerce Retailers and Marketplaces: Companies operating in the e-commerce sector, from online retailers to larger marketplaces, are significant customers for Pitney Bowes' Global E-commerce solutions. These services facilitate cross-border shipping, fulfillment, returns, and logistics for their online sales.
AI Analysis | Feedback
nullAI Analysis | Feedback
Kurt Wolf, Chief Executive Officer
Kurt Wolf was appointed Chief Executive Officer of Pitney Bowes in May 2025, having served on the board of directors since May 2023. He is an operating executive, entrepreneur, and strategic consultant. Mr. Wolf has been the Managing Member and Chief Investment Officer of Hestia Capital Management, a deep value hedge fund, since 2009. His investment background includes roles as an Analyst/Senior Analyst at Relational Investors and First Q Capital, and he was a co-Founding Partner at Lemhi Ventures. He also co-founded Definity Health, where he served as Director of Competitive Strategy. As an activist investor and founder of Hestia Capital Management, he joined Pitney Bowes' board in 2023 following a proxy battle, and was described as an "architect of Pitney Bowes' turnaround and a major shareholder."
Paul Evans, Executive Vice President, Chief Financial Officer and Treasurer
Paul Evans was appointed Executive Vice President, Chief Financial Officer, and Treasurer of Pitney Bowes in July 2025, after serving on the board of directors since 2024. He is a seasoned public company finance executive with a track record of overseeing successful financial initiatives and transformations. Prior to Pitney Bowes, he served as Chief Operating Officer at America's Auto Auction Group. His previous experience includes Interim CEO at Hill International, Inc., Chief Financial Officer of Sevan Multi-Site Solutions (a private-equity-backed construction services provider), CFO at MYR Group, Inc., CEO at Conex Energy Corporation, and Treasurer and Corporate Officer at NorthWestern Energy, Inc. Mr. Evans has also served on the boards of Hill International and GameStop Corp., where he worked alongside current Pitney Bowes CEO Kurt Wolf to recapitalize the balance sheet, eliminate debt, and enhance shareholder value.
Shemin Nurmohamed, Executive Vice President of Sending Technology Solutions
Shemin Nurmohamed serves as the Executive Vice President of Sending Technology Solutions.
Debbie Pfeiffer, Executive Vice President and President of Presort Services
Debbie Pfeiffer holds the position of Executive Vice President and President of Presort Services.
Lauren Freeman-Bosworth, Executive Vice President, General Counsel and Corporate Secretary
Lauren Freeman-Bosworth is the Executive Vice President, General Counsel, and Corporate Secretary at Pitney Bowes.
AI Analysis | Feedback
Key Risks to Pitney Bowes (PBI)
- High Debt Levels: Pitney Bowes faces a significant risk due to its substantial debt, which currently exceeds $2 billion. This heavy debt burden leads to considerable interest payments that impact profitability and restrict the company's financial flexibility. The high leverage also exposes PBI to potential defaults if cash flow deteriorates and increases refinancing risk, especially in an environment of fluctuating interest rates.
- Declining Revenue and Industry Trends: The company's core mailing and shipping businesses, particularly the SendTech segment, continue to experience declining revenue. This is primarily attributed to structural declines in traditional mail volumes and an ongoing industry-wide shift towards digital solutions and e-commerce logistics. Despite efforts to improve margins through cost controls and exiting the e-commerce business, sustained top-line growth remains elusive, posing a long-term challenge to the company's relevance in an evolving market.
- Uncertain Strategic Execution and Intense Competition: Pitney Bowes is undergoing strategic realignments, including a focus on its core businesses and cost-cutting initiatives. However, there is uncertainty regarding the company's ability to successfully execute its digital transformation, innovate effectively, and regain market share. PBI operates in a highly competitive environment, facing pressure from larger tech companies and specialized players, which necessitates continuous investment in research and development that Pitney Bowes may struggle to fund adequately.
AI Analysis | Feedback
A clear emerging threat for Pitney Bowes (PBI) is the increasing tendency of major e-commerce platforms to develop their own integrated logistics, fulfillment, and shipping services. Platforms such as Shopify, with initiatives like the Shopify Fulfillment Network, are building comprehensive capabilities directly for their merchant base. This trend threatens third-party logistics providers like Pitney Bowes by offering merchants a seamless, platform-native alternative for services that PBI provides (e.g., cross-border shipping, fulfillment, and delivery). These platforms can leverage their direct relationships, data, and ecosystem integration to offer competitive or even superior services, potentially disintermediating PBI from a significant portion of the e-commerce logistics market, particularly impacting its Global E-commerce Solutions segment.
AI Analysis | Feedback
Pitney Bowes (NYSE: PBI) operates primarily in two main segments: SendTech Solutions and Presort Services. The company recently exited its Global Ecommerce segment. Here are the addressable market sizes for its main products and services:SendTech Solutions
This segment provides mailing and shipping technology, including postage meters, mailing equipment, digital shipping solutions, mailing innovation, shipping software, and related financial services. The global postage meter machine market, a component of SendTech Solutions, was valued at USD 148.50 million in 2022 and is projected to reach USD 169.40 million by 2030, growing at a Compound Annual Growth Rate (CAGR) of 1.90% from 2022 to 2030. The United States holds the largest share of this market.
Presort Services
Pitney Bowes' Presort Services segment offers mail sortation services, enabling clients to qualify for U.S. Postal Service (USPS) workshare discounts for various mail types, including First-Class Mail, Marketing Mail, Marketing Mail Flats, and Bound Printed Matter. Pitney Bowes is recognized as the largest workshare partner of the USPS. While a specific total addressable market size in U.S. dollars for mail presort services was not available, Pitney Bowes' Presort Services business processes approximately 17 billion pieces of mail annually.
AI Analysis | Feedback
Expected Drivers of Future Revenue Growth for Pitney Bowes (PBI)
Over the next 2-3 years, Pitney Bowes (PBI) is expected to drive future revenue growth through several key initiatives:
- Expansion of SendTech's E-commerce Shipping and SaaS Solutions: Pitney Bowes anticipates long-term, enterprise-wide revenue growth from SendTech's expansion into the e-commerce shipping category and its focus on SaaS shipping solutions. The appointment of Todd Everett as President of SendTech aims to leverage his expertise in shipping software to pursue profitable growth for the segment. Investments in this area have previously led to over 20% year-over-year growth in shipping within SendTech.
- Strategic Acquisitions in Presort Services: The company plans to grow its Presort Services segment through "roll-up acquisitions". A recent example is the acquisition of Royal Alliances' presort business in January 2025, which is projected to add over 100 million First-Class™ Mail pieces annually to the Pitney Bowes Presort Services Network. Management has indicated that there are numerous opportunities for such acquisitions to drive meaningful growth beyond organic expansion.
- Realization of Profitable Growth Opportunities from Strategic Review: Pitney Bowes is actively conducting a strategic review to identify and evaluate profitable growth opportunities, which is expected to enhance its talent, structure, and processes to support future business expansion. This ongoing review is a key part of the company's efforts to strengthen its outlook.
- Enhanced Focus on Profitable Segments within Global Ecommerce: While undergoing restructuring, the Global Ecommerce segment is concentrating on profitable areas such as cross-border logistics services, including fulfillment, delivery, and returns across the U.S. and internationally. Pitney Bowes aims to simplify international e-commerce for clients by offering services like Landed Cost Calculation and cost-effective shipping options to foster overseas business growth.
- Price Increases in Presort Services: Recent financial reporting indicates that price adjustments in the Presort Services segment have positively impacted revenue. For instance, a price increase in Q3 2024 significantly boosted both revenue and EBIT for the segment. This suggests that strategic pricing remains a potential driver for revenue growth within this high-contribution margin business.
AI Analysis | Feedback
Capital Allocation Decisions for Pitney Bowes (PBI)
Share Repurchases
- On February 11, 2025, Pitney Bowes' Board of Directors authorized a new share repurchase program amounting to $150 million.
- In August 2025, the company utilized approximately $61.9 million of net proceeds from a convertible senior notes offering to repurchase shares of its common stock through privately negotiated transactions.
- No repurchases of common stock were made during 2021.
Share Issuance
- In August 2025, Pitney Bowes completed an offering of $230 million aggregate principal amount of 1.50% convertible senior notes due 2030, generating net proceeds of approximately $221.4 million.
- The number of shares outstanding for Pitney Bowes increased in 2021, 2022, 2023, and 2024, before showing a decrease in 2025.
Outbound Investments
- Pitney Bowes is increasing its investment in Ambi Robotics, a logistics technology startup that specializes in artificial intelligence (AI) for parcel sortation.
- The company has been in the process of exiting its Global Ecommerce (GEC) business, a strategic divestment aimed at eliminating approximately $136 million in annualized losses and improving future earnings.
Capital Expenditures
- Pitney Bowes reported capital expenditures of $184 million in 2021, $124.8 million in 2022, and $102.9 million in 2023.
- Expected capital expenditures for 2024 and 2025 are approximately $72.4 million and $72.39 million, respectively.
- In 2021, capital expenditures focused on investments in Global Ecommerce and Presort Services. More recent expenditures have been directed towards automation, expanded delivery services, and robotics solutions.
Latest Trefis Analyses
| Title | |
|---|---|
| ARTICLES |
Trade Ideas
Select ideas related to PBI.
| Date | Ticker | Company | Category | Trade Strategy | 6M Fwd Rtn | 12M Fwd Rtn | 12M Max DD |
|---|---|---|---|---|---|---|---|
| 01312026 | CR | Crane | Insider | Insider Buys 45DStrong Insider BuyingCompanies with multiple insider buys in the last 45 days | 11.5% | 11.5% | 0.0% |
| 01302026 | FBIN | Fortune Brands Innovations | Dip Buy | DB | FCFY OPMDip Buy with High FCF Yield and High MarginBuying dips for companies with high FCF yield and meaningfully high operating margin | 0.7% | 0.7% | -4.7% |
| 01302026 | PAYC | Paycom Software | Dip Buy | DB | FCFY OPMDip Buy with High FCF Yield and High MarginBuying dips for companies with high FCF yield and meaningfully high operating margin | -8.0% | -8.0% | -15.1% |
| 01302026 | HTZ | Hertz Global | Special | Short Squeeze PotentialShort Squeeze PotentialHas potential for a short squeeze. High short interest, rising short interest and high debt. | -9.8% | -9.8% | -9.8% |
| 01232026 | PAYX | Paychex | Dip Buy | DB | P/E OPMDip Buy with Low PE and High MarginBuying dips for companies with tame PE and meaningfully high operating margin | -14.4% | -14.4% | -18.0% |
| 01312021 | PBI | Pitney Bowes | Special | Short Squeeze PotentialShort Squeeze PotentialHas potential for a short squeeze. High short interest, rising short interest and high debt. | -13.3% | -32.4% | -36.6% |
Research & Analysis
Invest in Strategies
Wealth Management
Peer Comparisons
| Peers to compare with: |
Financials
| Median | |
|---|---|
| Name | |
| Mkt Price | 121.28 |
| Mkt Cap | 61.7 |
| Rev LTM | 9,856 |
| Op Inc LTM | 1,644 |
| FCF LTM | 1,168 |
| FCF 3Y Avg | 816 |
| CFO LTM | 1,686 |
| CFO 3Y Avg | 1,374 |
Growth & Margins
| Median | |
|---|---|
| Name | |
| Rev Chg LTM | 2.1% |
| Rev Chg 3Y Avg | 0.3% |
| Rev Chg Q | 5.7% |
| QoQ Delta Rev Chg LTM | 1.4% |
| Op Mgn LTM | 12.6% |
| Op Mgn 3Y Avg | 10.0% |
| QoQ Delta Op Mgn LTM | 0.3% |
| CFO/Rev LTM | 13.7% |
| CFO/Rev 3Y Avg | 10.7% |
| FCF/Rev LTM | 5.1% |
| FCF/Rev 3Y Avg | 5.0% |
Valuation
| Median | |
|---|---|
| Name | |
| Mkt Cap | 61.7 |
| P/S | 2.0 |
| P/EBIT | 22.2 |
| P/E | 49.7 |
| P/CFO | 17.9 |
| Total Yield | 4.5% |
| Dividend Yield | 1.4% |
| FCF Yield 3Y Avg | 3.0% |
| D/E | 0.4 |
| Net D/E | 0.3 |
Returns
| Median | |
|---|---|
| Name | |
| 1M Rtn | 14.8% |
| 3M Rtn | 25.9% |
| 6M Rtn | 29.5% |
| 12M Rtn | 16.5% |
| 3Y Rtn | 151.4% |
| 1M Excs Rtn | 15.8% |
| 3M Excs Rtn | 25.4% |
| 6M Excs Rtn | 22.9% |
| 12M Excs Rtn | 2.0% |
| 3Y Excs Rtn | 92.7% |
Segment Financials
Revenue by Segment| $ Mil | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|
| SendTech Solutions | 1,328 | 1,360 | 1,398 | 1,414 | 1,524 |
| Presort Services | 618 | 602 | 573 | 521 | 530 |
| Other | 133 | ||||
| Global Ecommerce | 1,576 | 1,703 | 1,619 | 1,152 | |
| Total | 2,079 | 3,538 | 3,674 | 3,554 | 3,205 |
| $ Mil | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|
| SendTech Solutions | 2,081 | 2,023 | 2,013 | 2,071 | 2,153 |
| Cash and cash equivalents | 600 | 670 | 732 | 921 | 924 |
| Assets of discontinued operations | 532 | 17 | |||
| Presort Services | 501 | 510 | 479 | 524 | 525 |
| Other corporate assets | 285 | 271 | 354 | 330 | 391 |
| Long-term investments | 250 | 260 | 333 | 364 | 239 |
| Short-term investments | 22 | 11 | 14 | 19 | 116 |
| Global Ecommerce | 996 | 1,032 | 995 | 1,102 | |
| Total | 4,272 | 4,741 | 4,959 | 5,224 | 5,467 |
Price Behavior
Price Behavior
| Market Price | $10.76 | |
| Market Cap ($ Bil) | 1.8 | |
| First Trading Date | 06/01/1972 | |
| Distance from 52W High | -14.4% | |
| 50 Days | 200 Days | |
| DMA Price | $10.47 | $10.67 |
| DMA Trend | up | up |
| Distance from DMA | 2.8% | 0.9% |
| 3M | 1YR | |
| Volatility | 32.8% | 39.0% |
| Downside Capture | 40.79 | 110.78 |
| Upside Capture | 90.93 | 94.93 |
| Correlation (SPY) | 29.0% | 52.3% |
PBI Betas & Captures as of 1/31/2026
[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
| 1M | 2M | 3M | 6M | 1Y | 3Y | |
|---|---|---|---|---|---|---|
| Beta | 1.41 | 0.74 | 0.76 | 1.17 | 1.06 | 1.23 |
| Up Beta | 2.52 | 1.60 | 0.84 | 2.18 | 0.94 | 1.07 |
| Down Beta | 2.68 | 1.77 | 1.49 | 1.93 | 1.40 | 1.20 |
| Up Capture | -7% | 26% | 56% | 30% | 95% | 318% |
| Bmk +ve Days | 11 | 22 | 34 | 71 | 142 | 430 |
| Stock +ve Days | 11 | 21 | 28 | 60 | 121 | 359 |
| Down Capture | 26% | -50% | 24% | 72% | 93% | 106% |
| Bmk -ve Days | 9 | 19 | 27 | 54 | 109 | 321 |
| Stock -ve Days | 9 | 20 | 33 | 63 | 124 | 370 |
[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
Based On 1-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with PBI | |
|---|---|---|---|---|
| PBI | 2.9% | 38.9% | 0.16 | - |
| Sector ETF (XLI) | 32.5% | 19.1% | 1.34 | 48.0% |
| Equity (SPY) | 17.1% | 19.4% | 0.69 | 52.2% |
| Gold (GLD) | 79.3% | 25.7% | 2.25 | -9.7% |
| Commodities (DBC) | 10.9% | 16.8% | 0.45 | 8.2% |
| Real Estate (VNQ) | 6.6% | 16.6% | 0.21 | 40.8% |
| Bitcoin (BTCUSD) | -23.4% | 45.1% | -0.46 | 22.7% |
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Based On 5-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with PBI | |
|---|---|---|---|---|
| PBI | 8.6% | 53.4% | 0.35 | - |
| Sector ETF (XLI) | 15.9% | 17.2% | 0.74 | 41.9% |
| Equity (SPY) | 13.6% | 17.0% | 0.63 | 41.6% |
| Gold (GLD) | 23.6% | 17.2% | 1.12 | 3.0% |
| Commodities (DBC) | 10.8% | 19.0% | 0.45 | 11.0% |
| Real Estate (VNQ) | 5.3% | 18.8% | 0.19 | 38.1% |
| Bitcoin (BTCUSD) | 4.0% | 57.0% | 0.29 | 18.4% |
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Based On 10-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with PBI | |
|---|---|---|---|---|
| PBI | -0.2% | 64.7% | 0.26 | - |
| Sector ETF (XLI) | 15.1% | 19.8% | 0.67 | 39.5% |
| Equity (SPY) | 15.5% | 17.9% | 0.74 | 37.5% |
| Gold (GLD) | 15.1% | 15.6% | 0.81 | -0.9% |
| Commodities (DBC) | 8.5% | 17.6% | 0.40 | 14.4% |
| Real Estate (VNQ) | 6.6% | 20.7% | 0.28 | 32.1% |
| Bitcoin (BTCUSD) | 66.3% | 66.8% | 1.06 | 9.5% |
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Earnings Returns History
Expand for More| Forward Returns | |||
|---|---|---|---|
| Earnings Date | 1D Returns | 5D Returns | 21D Returns |
| 2/17/2026 | 8.6% | 3.8% | |
| 10/29/2025 | -10.5% | -15.4% | -11.8% |
| 7/30/2025 | -0.2% | 0.2% | 6.6% |
| 5/7/2025 | 5.1% | 5.0% | 18.5% |
| 1/23/2025 | 12.6% | 22.0% | 41.8% |
| 11/7/2024 | -5.8% | -9.8% | -1.4% |
| 8/8/2024 | 10.7% | 27.1% | 14.9% |
| 5/2/2024 | 24.7% | 23.5% | 30.0% |
| ... | |||
| SUMMARY STATS | |||
| # Positive | 12 | 14 | 12 |
| # Negative | 13 | 11 | 12 |
| Median Positive | 9.9% | 5.7% | 16.7% |
| Median Negative | -11.9% | -13.6% | -12.0% |
| Max Positive | 25.6% | 83.7% | 102.8% |
| Max Negative | -28.5% | -26.2% | -26.7% |
SEC Filings
Expand for More| Report Date | Filing Date | Filing |
|---|---|---|
| 09/30/2025 | 10/30/2025 | 10-Q |
| 06/30/2025 | 07/31/2025 | 10-Q |
| 03/31/2025 | 05/08/2025 | 10-Q |
| 12/31/2024 | 02/21/2025 | 10-K |
| 09/30/2024 | 11/08/2024 | 10-Q |
| 06/30/2024 | 08/09/2024 | 10-Q |
| 03/31/2024 | 05/02/2024 | 10-Q |
| 12/31/2023 | 02/20/2024 | 10-K |
| 09/30/2023 | 11/02/2023 | 10-Q |
| 06/30/2023 | 08/03/2023 | 10-Q |
| 03/31/2023 | 05/05/2023 | 10-Q |
| 12/31/2022 | 02/17/2023 | 10-K |
| 09/30/2022 | 11/04/2022 | 10-Q |
| 06/30/2022 | 08/02/2022 | 10-Q |
| 03/31/2022 | 05/05/2022 | 10-Q |
| 12/31/2021 | 02/22/2022 | 10-K |
Insider Activity
Expand for More| # | Owner | Title | Holding | Action | Filing Date | Price | Shares | Transacted Value | Value of Held Shares | Form |
|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Rosenthal, Brent D | Direct | Buy | 11252025 | 10.00 | 2,000 | 20,002 | 50,006 | Form | |
| 2 | Brimm, Peter C | Direct | Buy | 10312025 | 10.16 | 12,500 | 126,995 | 126,995 | Form | |
| 3 | Rosenthal, Brent D | Direct | Buy | 9052025 | 11.97 | 3,000 | 35,910 | 35,910 | Form | |
| 4 | Defina, Lauren Thomas | VP, Chief Accounting Officer | Direct | Sell | 7242025 | 13.00 | 2,000 | 26,000 | 8,073 | Form |
| 5 | Defina, Lauren Thomas | VP, Chief Accounting Officer | Direct | Sell | 7162025 | 12.25 | 5,000 | 61,250 | 32,107 | Form |
External Quote Links
| Y Finance | Barrons |
| TradingView | Morningstar |
| SeekingAlpha | ValueLine |
| Motley Fool | Robinhood |
| CNBC | Etrade |
| MarketWatch | Unusual Whales |
| YCharts | Perplexity Finance |
| FinViz |
Prefer one of these to Trefis? Tell us why.