Pitney Bowes $PBI Read from its own SEC filings · nothing written, nothing inferred
🫧 Edgar looked up PITNEY BOWES INC ($PBI). Last filing: 8-K (7.01 Regulation FD Disclosure), 2026-09-21. 16 event filings (8-K) in the past twelve months.
🔖 Exposure: revenue $1.9B (FY2025), total debt $2.0B. Experience: revenue down 6.6% on the year, down 15.3% a year over 4 years. Soundness: equity -25.3% of assets (liabilities exceed assets), payout 35.3% of profit, dividend per share up 1 year running. Credibility: four or more audited years, reasonable weight. Range: 80% of past cases like this landed between $1.4B and $2.1B next year (method v4.1: its own 4-year record of growth weighed at 50% against $1B–10B filers; on a year the method never saw, 83.4% landed inside). In a shock year the stress range is $1.2B to $2.4B. A statistical range, not company guidance. Against peers (35 filers, $50M+ revenue, its industry group): growth -6.6% against 6.6%.
Gold paid out, navy kept. Kept share × return on equity = the growth it can fund itself. Facts from the filings, not a recommendation.
Speed and cash · fiscal 2025
Both views must agree for a label · a description, not advice.
| Cash flow (op · inv · fin · free) | $383M · −$125M · −$445M · $317M |
| Investment book (cash · short · long) | $285M · $2M · $167M · current ratio 0.71 · unrealized −$30M |
| Revenue swing · equity of assets | 16.4% · -25.3% |
Pitney Bowes is growing slower than its size class, with revenue that swings more. Its own audited SEC figures.
The figures, as filed
| Fiscal year end | 2025-12-31 |
| Revenue | $1.9B |
| Revenue, on the year | −6.6% |
| Revenue, a year over the record | −15.3% |
| Operating margin | — |
| Operating margin, prior year | — |
| Net margin | 7.6% |
| Research and development | $15M · 0.8% of revenue |
| Total debt | $2.0B |
| Equity of assets | −25.3% |
| Return on equity | — |
| Payout of profit | 35.3% |
| Dividend per share | $0.3 · up 1 year running |
| Earnings per share | $0.84 |
| Book value per share | $-4.64 |
| Revenue per share | $10.94 |
| Shares outstanding | 173,040,000 |
| Audited years read | 5 |
Peers: the median of 35 filers with $50M+ revenue in office machines, nec.
Health HarborPitney Bowes sails as: Weathered boat
Health watch · 12 monthsDirector or officer change ×2
Sailing speed follows growth: -8.6% a year crosses the harbor in 106 seconds.
🌊 Visit the Bay →- liabilities exceed assets (often from years of share buybacks, not always distress)
- slow and jumpy: growing slower than its size class, with revenue that swings more
Boat condition = number of warning signs: a serious warning filing in 12 months; liabilities over assets; slow and jumpy; negative operating cash; an 80% revenue range of ±25% or wider. A picture of the signs, not a rating and not investment advice.
- 8-K · 2026-09-21 · 7.01 Regulation FD Disclosure; 9.01 Financial Statements and Exhibits
- 8-K · 2026-08-20 · 8.01 Other Events; 9.01 Financial Statements and Exhibits
- 10-Q · 2026-07-30
- 8-K · 2026-07-29 · 2.02 Results of Operations and Financial Condition; 9.01 Financial Statements and Exhibits
- 8-K · 2026-07-27 · 5.02 Departure or Election of Directors; Appointment of Officers; 7.01 Regulation FD Disclosure; 9.01 Financial Statements and Exhibits
- 8-K · 2026-06-25 · 1.01 Entry into a Material Definitive Agreement; 2.03 Creation of a Direct Financial Obligation; 7.01 Regulation FD Disclosure; 9.01 Financial Statements and Exhibits
Figures are as filed in audited 10-K reports and can move with restatements, acquisitions, disposals or a change in fiscal year. A range set from how past company-years turned out is not a promise about the next one, and says nothing about the share price. Reporting, not investment advice. No price targets and no trading recommendations. Figures from the SEC’s own data · every filing · this page as JSON · ask about another company