Pitney Bowes Inc (PBI)
Net profit margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | -385,627 | 36,940 | -1,351 | -180,376 | 194,319 |
| Revenue | US$ in thousands | 3,266,350 | 3,538,040 | 3,673,560 | 3,554,080 | 3,205,120 |
| Net profit margin | -11.81% | 1.04% | -0.04% | -5.08% | 6.06% |
December 31, 2023 calculation
Net profit margin = Net income ÷ Revenue
= $-385,627K ÷ $3,266,350K
= -11.81%
The net profit margin of Pitney Bowes, Inc. has shown significant variability over the past five years. In 2019, the company reported a net profit margin of 6.07%, indicating that for every dollar of sales generated, the company had a net profit of approximately 6 cents. However, this was followed by a sharp decline in 2020, with a net profit margin of -5.11%, suggesting that the company incurred losses relative to its revenue.
In 2021, the net profit margin improved slightly to -0.04%, but still remained negative. In 2022, there was a notable recovery as the net profit margin increased to 1.04%, indicating a return to profitability, albeit at a modest level. However, in 2023, the net profit margin deteriorated significantly to -11.81%, suggesting a substantial decrease in profitability compared to the previous year.
Overall, the fluctuating net profit margins indicate inconsistencies in Pitney Bowes, Inc.'s ability to generate profits in relation to its revenue over the past five years. The negative net profit margins in recent years raise concerns about the company's financial performance and its ability to sustain profitability in the long term.