Pitney Bowes Inc (PBI)
Gross profit margin
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Gross profit | US$ in thousands | 1,125,900 | 3,022,980 | 1,080,490 | 1,169,060 | 1,197,580 |
| Revenue | US$ in thousands | 2,026,600 | 3,266,350 | 3,538,040 | 3,673,560 | 3,554,080 |
| Gross profit margin | 55.56% | 92.55% | 30.54% | 31.82% | 33.70% |
December 31, 2024 calculation
Gross profit margin = Gross profit ÷ Revenue
= $1,125,900K ÷ $2,026,600K
= 55.56%
The gross profit margin of Pitney Bowes Inc has shown a declining trend over the past few years.
As of December 31, 2020, the gross profit margin was 33.70%, which decreased to 31.82% by December 31, 2021, and further dropped to 30.54% by December 31, 2022. It then significantly spiked to 92.55% by December 31, 2023, before moderating to 55.56% by December 31, 2024.
The sharp increase in the gross profit margin in 2023 may be attributed to various factors such as cost management strategies, revenue growth, or one-time gains. However, the subsequent decrease in 2024 suggests potential fluctuations or adjustments in the company's overall cost structure or revenue composition.
Overall, while the recent fluctuations in the gross profit margin of Pitney Bowes Inc may raise questions about the company's efficiency and profitability, further analysis is recommended to understand the underlying reasons for these significant changes.