Pitney Bowes Inc (PBI)
Pretax margin
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings before tax but after interest (EBT) (ttm) | US$ in thousands | -121,067 | -300,731 | -273,555 | -385,841 | -406,502 | -171,224 | -144,391 | 3,869 | 39,880 | 33,934 | 30,775 | 59,256 | -7,415 | 6,713 | 11,070 | 1,998 | -184,932 | -192,150 | -223,027 | -205,369 |
| Revenue (ttm) | US$ in thousands | 2,639,263 | 2,994,720 | 3,279,008 | 3,262,319 | 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 | 3,278,515 |
| Pretax margin | -4.59% | -10.04% | -8.34% | -11.83% | -12.45% | -5.18% | -4.31% | 0.11% | 1.13% | 0.94% | 0.84% | 1.61% | -0.20% | 0.18% | 0.30% | 0.05% | -5.20% | -5.72% | -6.85% | -6.26% |
December 31, 2024 calculation
Pretax margin = EBT (ttm) ÷ Revenue (ttm)
= $-121,067K ÷ $2,639,263K
= -4.59%
The pretax margin of Pitney Bowes Inc, a measure of the company's profitability before taxes, has shown fluctuations over the analyzed period. From March 31, 2020, to June 30, 2022, the company experienced negative pretax margins, indicating that expenses outweighed revenues during these periods. However, from March 31, 2022, to December 31, 2022, there was a notable improvement in pretax margins, reaching positive values, indicating enhanced profitability.
Subsequently, the pretax margin experienced some level of variability, with both positive and negative margins recorded between March 31, 2023, and December 31, 2024. Particularly, there was a significant decline in pretax margin towards the end of 2023, reaching its lowest point at -12.45% on December 31, 2023. The company managed to partially recover from this low point by the end of December 2024, closing with a pretax margin of -4.59%.
Overall, Pitney Bowes Inc has demonstrated a mix of profitability performances in terms of its pretax margin during the analyzed period, with challenges in certain quarters but also showing resilience and ability to improve profitability in other periods.