Pitney Bowes Inc (PBI)
Pretax margin
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Earnings before tax but after interest (EBT) | US$ in thousands | -52,327 | -406,502 | 39,880 | -7,415 | -183,369 |
| Revenue | US$ in thousands | 2,026,600 | 3,266,350 | 3,538,040 | 3,673,560 | 3,554,080 |
| Pretax margin | -2.58% | -12.45% | 1.13% | -0.20% | -5.16% |
December 31, 2024 calculation
Pretax margin = EBT ÷ Revenue
= $-52,327K ÷ $2,026,600K
= -2.58%
Pitney Bowes Inc's pretax margin has demonstrated fluctuating performance over the years based on the provided data.
- As of December 31, 2020, the company experienced a negative pretax margin of -5.16%, indicating that its pre-tax earnings were lower than its total revenue.
- The pretax margin improved in the following year, as of December 31, 2021, reaching -0.20%, although still negative.
- By December 31, 2022, Pitney Bowes Inc managed to achieve a positive pretax margin of 1.13%, suggesting that the company's pre-tax earnings exceeded expenses.
- However, this positive trend reversed dramatically by December 31, 2023, with a sharp decline in pretax margin to -12.45%, indicating significant challenges in generating profits in that period.
- The most recent data point, as of December 31, 2024, shows a slight improvement with a less negative pretax margin of -2.58%, although the company still experienced a deficit in pre-tax profitability.
Overall, Pitney Bowes Inc's pretax margin has been volatile over the years, reflecting varying levels of profitability and financial performance within the company.