Pitney Bowes Inc (PBI)
Pretax 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings before tax but after interest (EBT) (ttm) | US$ in thousands | -406,502 | -171,224 | -144,391 | 3,869 | 39,880 | 33,410 | 30,823 | 58,284 | -12,273 | 6,696 | 11,046 | -274 | -173,254 | -16,130 | -56,042 | -42,072 | 181,602 | 43,712 | 149,541 | 175,920 |
| 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 |
| Pretax margin | -12.45% | -5.18% | -4.31% | 0.11% | 1.13% | 0.92% | 0.84% | 1.58% | -0.33% | 0.18% | 0.30% | -0.01% | -4.87% | -0.48% | -1.72% | -1.31% | 5.67% | 1.35% | 4.67% | 5.52% |
December 31, 2023 calculation
Pretax margin = EBT (ttm) ÷ Revenue (ttm)
= $-406,502K ÷ $3,266,348K
= -12.45%
Pitney Bowes, Inc.'s pretax margin has been fluctuating over the past eight quarters. In Q4 2023, the company reported a pretax margin of -12.45%, marking a significant decline from the previous quarter's -5.18%. This negative pretax margin indicates that the company's pre-tax profits were lower than its total revenue for that period.
The downward trend in pretax margin over the past few quarters raises concerns about the company's profitability and efficiency in generating earnings before taxes. It is crucial for Pitney Bowes to closely monitor its cost structure, revenue generation, and operational efficiency to improve its pretax margin in the upcoming quarters.
While the pretax margin had shown some positive movements in the earlier quarters of 2022, with margins around 1%, the recent negative performance suggests that the company may be facing challenges or experiencing difficulties that are impacting its profitability. Investors and stakeholders may need further insights into the company's strategies and operations to assess the sustainability of its financial performance.