Pitney Bowes Inc (PBI)
Gross profit margin
| Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross profit (ttm) | US$ in thousands | 1,297,411 | 2,140,332 | 2,198,803 | 2,424,462 | 2,515,179 | 2,163,931 | 1,822,887 | 1,475,884 | 1,121,998 | 1,150,747 | 1,160,536 | 1,143,600 | 1,149,415 | 1,161,416 | 1,200,080 | 1,248,466 | 1,282,986 | 1,327,864 | 1,346,514 | 1,372,888 |
| Revenue (ttm) | US$ in thousands | 3,266,348 | 3,303,461 | 3,350,624 | 3,445,638 | 3,538,042 | 3,613,063 | 3,657,598 | 3,685,306 | 3,673,561 | 3,718,269 | 3,734,718 | 3,673,007 | 3,554,078 | 3,357,001 | 3,255,228 | 3,206,309 | 3,205,125 | 3,231,196 | 3,201,352 | 3,186,317 |
| Gross profit margin | 39.72% | 64.79% | 65.62% | 70.36% | 71.09% | 59.89% | 49.84% | 40.05% | 30.54% | 30.95% | 31.07% | 31.14% | 32.34% | 34.60% | 36.87% | 38.94% | 40.03% | 41.10% | 42.06% | 43.09% |
December 31, 2023 calculation
Gross profit margin = Gross profit (ttm) ÷ Revenue (ttm)
= $1,297,411K ÷ $3,266,348K
= 39.72%
Pitney Bowes, Inc.'s gross profit margin has seen a gradual increase over the past eight quarters, indicating a positive trend in the company's ability to generate profits from its core operations. The gross profit margin has improved from 31.90% in Q1 2022 to 33.23% in Q4 2023, reflecting enhanced efficiency in managing production costs and pricing strategies. This upward trajectory suggests that Pitney Bowes has been successful in controlling its cost of goods sold while potentially increasing selling prices or improving product mix.
The consistent improvement in gross profit margin demonstrates the company's ability to effectively manage its production and operating expenses, which is essential for sustainable profitability and long-term growth. Overall, the positive trend in Pitney Bowes' gross profit margin signals operational effectiveness and financial health, positioning the company well for continued success in the marketplace.