Pitney Bowes, Inc. (PBI)
NYSEIndustrialsIntegrated Freight & LogisticsSnapshot 2026-09-04
$17.40-1.02%
Close 2026-09-04 · 1-day change
NYSEIndustrialsIntegrated Freight & LogisticsSnapshot 2026-09-04
Broken: Recent financial performance freshly dropped to the bottom half of its industry.
Pitney Bowes is improving cash flow, with free cash flow at $362.5 million guided for 2026. The company is cutting debt, having redeemed $347 million in notes. Operating income is rising, with adjusted EBIT up 9% year over year. Share buybacks are strong, with 17.2 million shares repurchased in 2026-Q1.
Revenue is falling, down 3% year over year in 2026-Q1. Presort Services revenue dropped 8% due to client losses. The company faces market challenges and job cuts. Debt remains a concern despite recent repayments.
The price is about 57% below our fair value near $40. Analysts expect revenue to shrink about 2%. Our view is more optimistic on cash flow and operating income growth.
Breaks if: Adjusted EBIT falls below $120 million in 2026-Q1
Breaks if: Share repurchases fall below 15 million shares in 2026-Q1
Free cash flow falls below $330 million in FY26
This is not a price target or investment advice.
A long-form read on the 1–3 year hold thesis. It updates when the weekly evidence changes.
This investment represents a turnaround story with a focus on stabilizing revenue and improving profitability. The current thesis state is weakened due to recent financial performance that has dropped in comparison to industry peers.
The market appears to price PBI as a cheap option compared to its peers, with a low fragility tier indicating limited immediate risk. However, the expectations for future performance are cautious given the recent decline in financial results.
Management is on track with priorities like capital allocation and improving operating income, but revenue stabilization is lagging behind. The near-term risk of missing earnings remains low, but the company has a history of significant misses, which could affect future performance.
Key factors for PBI's future include the performance of sector bellwethers like UPS and FDX, which could influence PBI's momentum. Additionally, any reversal in guidance could severely impact credibility and investor confidence.
The most important moves since the prior daily snapshot.
Yes, our read has weakened. Recent financial performance dropped from the top half to the bottom half of its industry. This change indicates the reason to own the company has weakened. The market has not reacted strongly, with only a modest price movement since then.
as of 2026-09-04
Review the evidence to watch, what would become a concern, and what would make it less concerning.
Not investment advice. Scores describe historical and current data; they are not forecasts of future returns. Consult a licensed advisor before making investment decisions.
Breaks if: Revenue falls below $1.8 billion in FY26
Over the next 1 to 3 years, PBI faces challenges in stabilizing revenue and improving financial performance, which could affect its long-term outlook. Not investment advice.