Pitney Bowes Inc. Common Stock (PBI)

FairStock Score: 65/100 — STEADY

Key Financials

AI Analysis

AI-generated, general educational analysis — not personal investment advice.

I am wary of businesses that shrink, but I am also drawn to turnarounds when the price is modest and cash generation is real. Pitney Bowes sells mailing and shipping technology, presort services, and related financing. Revenue has drifted lower: fiscal 2023 was $2.1B, fiscal 2024 was $2.0B, and fiscal 2025 was $1.9B. Yet profitability has reversed sharply. Fiscal 2023 net income was -$385.6M and EPS -$2.20; fiscal 2024 net income was -$203.6M and EPS -$1.12; fiscal 2025 net income was $144.7M and EPS $0.84. In fiscal Q2 2026, the quarter ended 2026-06-30, revenue was $451.5M, net income $49.9M, and diluted EPS $0.36, versus net income $30.0M and EPS $0.17 in fiscal Q2 2025, the quarter ended 2025-06-30. That is a real improvement. At the 2026-10-13 close of $17.00, FairStock calculations show a P/E of 13.82, FCF yield of 17.8%, EV/EBITDA of 9.11, PEG of 0.21, and ROCE of 8.41%. The market cap is $2.3B. The trailing free cash flow is $415.2M, so the asset is generating cash. But the Altman Z-Score of 1.72 and Piotroski F-Score of 6/9 suggest financial resilience is not yet proven. Revenue decline is the core worry; a mailing business can have switching costs and recurring supplies, but it must defend its base. FairStock classifies it as a TURNAROUND, because it returned to profit after a loss within the last three years. That fits my view: this is not a wide-moat compounder, but if cash flow persists and debt risk stays contained, the price may be reasonable. The dividend yield is 2.35%, though beta of 1.65 means the stock can be volatile. I would watch revenue stabilization and cash conversion before calling it safe.

In plain English: Pitney Bowes helps businesses send mail and packages and provides related financing. After losing money in fiscal 2023 and 2024, it earned money in fiscal 2025 and recent quarters, and it produces a lot of cash, but revenue is shrinking. At $17.00 a share on 2026-10-13, the price looks inexpensive compared with recent profits and cash generation, though the company's financial safety needs watching.

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Data as of 2026-10-13 close · note generated 2026-10-15 · model deepseek-flash

Sources (SEC EDGAR): fiscal Q2 2026 10-Q (period ended 2026-06-30) · fiscal Q1 2026 10-Q (period ended 2026-03-31) · fiscal Q3 2025 10-Q (period ended 2025-09-30) · fiscal Q2 2025 10-Q (period ended 2025-06-30) · FY2025 10-K/A (period ended 2025-12-31) · FY2024 10-K/A (period ended 2024-12-31) · FY2023 10-K/A (period ended 2023-12-31)

Fundamentals from company filings and market-data providers; prices are end-of-day, not real-time. AI-generated analysis is general and educational — not personal investment advice. Scoring methodology · Score test · Disclaimer