Pitney Bowes Inc (PBI)
Pretax margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Earnings before tax but after interest (EBT) | US$ in thousands | -406,502 | 39,880 | -12,273 | -173,254 | 181,192 |
| Revenue | US$ in thousands | 3,266,350 | 3,538,040 | 3,673,560 | 3,554,080 | 3,205,120 |
| Pretax margin | -12.45% | 1.13% | -0.33% | -4.87% | 5.65% |
December 31, 2023 calculation
Pretax margin = EBT ÷ Revenue
= $-406,502K ÷ $3,266,350K
= -12.45%
The pretax margin of Pitney Bowes, Inc. has fluctuated over the past five years, as evident from the data provided.
In 2019, the pretax margin was positive at 0.85%, indicating that the company was generating some profit before taxes. This was followed by a decrease in 2020, where the pretax margin dropped to -5.20%, signaling a period of lower profitability or potentially operating losses.
Subsequently, in 2021, the pretax margin remained negative at -0.20%, albeit showing a slight improvement compared to the previous year. However, this improvement was short-lived as the company experienced a significant decline in pretax margin in 2022 at 1.13%, possibly due to various factors impacting the company's financial performance.
The most recent data for Dec 31, 2023, shows a pretax margin of -12.45%, indicating a substantial decrease in profitability compared to the previous year. This decline raises concerns about the company's ability to generate profits before accounting for taxes and other expenses.
Overall, the fluctuating pretax margins of Pitney Bowes, Inc. over the past five years suggest challenges in maintaining a consistent level of profitability, highlighting the importance of further analysis to understand the underlying factors driving these fluctuations.