Pitney Bowes Inc. NT 43 (PBI-PB) Margin Analysis

Pitney Bowes Inc. NT 43

PBI-PB (NYSE)

(%)

Models
Pitney Bowes Inc. NT 43 Margin Analysis

# --- Years and Quarters
assumptions.set({
    "timeseries": "annual",
    "data": {
        "#years": """
            4
        """,
        "#quarters": """
            8
        """,
    },
    "titles": {
        "#years": "Years",
        "#quarters": "Quarters",
    },
    "properties": {
        "width": "responsive",
        "title": "Years and Quarters",
        "id": "component-1",
        "bindTo": None
    },
    "descriptions": {
        "#years": r"""
The number of historical years used to render the annual chart and tables.
        """,
        "#quarters": r"""
The number of historical quarters used to render the quarterly chart and tables.
        """,
    }
})

# Render description block
model.render_description({
    "data": r"""
## Margin Analysis Report

Margins refer to the ratio between a financial report item and the revenue (example: Net Income Margin = Net Income / Revenue).

This analysis provides annual and quarterly sections for reporting key financial margins.
""",
    "properties": {
        "width": "responsive"
    }
})

# Render description block
model.render_description({
    "data": r"""
## Annual Section

The annual section uses annual data to calculate margins and growth rates.
""",
    "properties": {
        "width": "full"
    }
})

# --- Income Statement Margins
data.compute({
    "user:%revenueGrowthRate": """
        ( income:revenue / income:revenue:-1 ) - 1
    """,
    "user:%grossMargin": """
        income:grossProfit / income:revenue
    """,
    "user:%operatingMargin": """
        income:operatingIncome / income:revenue
    """,
    "user:%netMargin": """
        income:netIncome / income:revenue
    """,
}, forecast=0, timeseries="annual")

model.render_table({
    "timeseries": "annual",
    "data": {
        "income:revenue": "Revenue",
        "user:%revenueGrowthRate": "Revenue Growth Rate",
        "income:costOfRevenue": "Cost of Revenue",
        "income:grossProfit": "Gross Profit",
        "user:%grossMargin": "Gross Margin",
        "income:operatingIncome": "Operating Income",
        "user:%operatingMargin": "Operating Margin",
        "income:netIncome": "Net Income",
        "user:%netMargin": "Net Margin",
    },
    "start": data.get("""
        -assumption:#years
    """),
    "end": 0,
    "properties": {
        "title": "Income Statement Margins",
        "order": "descending",
        "number_format": "M",
        "include_ltm": True,
        "display_averages": False,
        "width": "responsive"
    }
})

# --- Cash Flow Statement Margins
data.compute({
    "user:%cashFromOperatingActivitiesMargin": """
        flow:netCashProvidedByOperatingActivities / income:revenue
    """,
    "user:%freeCashFlowMargin": """
        flow:freeCashFlow / income:revenue
    """,
    "user:%depreciationAndAmortizationMargin": """
        flow:depreciationAndAmortization / income:revenue
    """,
    "user:%capitalExpenditureMargin": """
        flow:capitalExpenditure / income:revenue
    """,
}, forecast=0, timeseries="annual")

model.render_table({
    "timeseries": "annual",
    "data": {
        "income:revenue": "Revenue",
        "flow:netCashProvidedByOperatingActivities": "Cash from Operating Activities",
        "user:%cashFromOperatingActivitiesMargin": "Cash from Operating Activities Margin",
        "flow:freeCashFlow": "Free Cash Flow",
        "user:%freeCashFlowMargin": "Free Cash Flow Margin",
        "flow:depreciationAndAmortization": "Depreciation and Amortization",
        "user:%depreciationAndAmortizationMargin": "Depreciation and Amortization Margin",
        "flow:capitalExpenditure": "Capital Expenditure",
        "user:%capitalExpenditureMargin": "Capital Expenditure Margin",
    },
    "start": data.get("""
        -assumption:#years
    """),
    "end": 0,
    "properties": {
        "title": "Cash Flow Statement Margins",
        "order": "descending",
        "number_format": "M",
        "include_ltm": True,
        "display_averages": False,
        "width": "responsive"
    }
})

model.render_chart({
    "timeseries": "annual",
    "data": {
        "user:%grossMargin": "Gross Margin",
        "user:%operatingMargin": "Operating Margin",
        "user:%netMargin": "Net Margin",
        "user:%freeCashFlowMargin": "Free Cash Flow Margin",
    },
    "start": data.get("""
        -assumption:#years
    """),
    "end": 0,
    "properties": {
        "title": "Annual Chart",
        "include_ltm": False,
        "set_editable": [],
        "hidden_keys": [],
        "bar_keys": ["user:%grossMargin", "user:%operatingMargin", "user:%netMargin", "user:%freeCashFlowMargin"],
        "width": "full"
    }
})

# Render description block
model.render_description({
    "data": r"""
## Quarterly Section

The quarterly section uses quarterly data to calculate margins and growth rates.
""",
    "properties": {
        "width": "full"
    }
})

model.render_table({
    "timeseries": "quarterly",
    "data": {
        "income:revenue": "Revenue",
        "user:%revenueGrowthRate": "Revenue Growth Rate",
        "income:costOfRevenue": "Cost of Revenue",
        "income:grossProfit": "Gross Profit",
        "user:%grossMargin": "Gross Margin",
        "income:operatingIncome": "Operating Income",
        "user:%operatingMargin": "Operating Margin",
        "income:netIncome": "Net Income",
        "user:%netMargin": "Net Margin",
    },
    "start": data.get("""
        -assumption:#quarters
    """),
    "end": 0,
    "properties": {
        "title": "Income Statement Margins",
        "order": "descending",
        "number_format": "M",
        "display_averages": False,
        "width": "responsive"
    }
})

model.render_table({
    "timeseries": "quarterly",
    "data": {
        "income:revenue": "Revenue",
        "flow:netCashProvidedByOperatingActivities": "Cash from Operating Activities",
        "user:%cashFromOperatingActivitiesMargin": "Cash from Operating Activities Margin",
        "flow:freeCashFlow": "Free Cash Flow",
        "user:%freeCashFlowMargin": "Free Cash Flow Margin",
        "flow:depreciationAndAmortization": "Depreciation and Amortization",
        "user:%depreciationAndAmortizationMargin": "Depreciation and Amortization Margin",
        "flow:capitalExpenditure": "Capital Expenditure",
        "user:%capitalExpenditureMargin": "Capital Expenditure Margin",
    },
    "start": data.get("""
        -assumption:#quarters
    """),
    "end": 0,
    "properties": {
        "title": "Cash Flow Statement Margins",
        "order": "descending",
        "number_format": "M",
        "display_averages": False,
        "width": "responsive"
    }
})

model.render_chart({
    "timeseries": "quarterly",
    "data": {
        "user:%grossMargin": "Gross Margin",
        "user:%operatingMargin": "Operating Margin",
        "user:%netMargin": "Net Margin",
        "user:%freeCashFlowMargin": "Free Cash Flow Margin",
    },
    "start": data.get("""
        -assumption:#quarters
    """),
    "end": 0,
    "properties": {
        "title": "Quarterly Chart",
        "set_editable": [],
        "hidden_keys": [],
        "bar_keys": ["user:%grossMargin", "user:%operatingMargin", "user:%netMargin", "user:%freeCashFlowMargin"],
        "width": "full"
    }
})

Years and Quarters

Years Years The number of historical years used to render the annual chart and tables.	#
Quarters Quarters The number of historical quarters used to render the quarterly chart and tables.	#

Margin Analysis Report

Margins refer to the ratio between a financial report item and the revenue (example: Net Income Margin = Net Income / Revenue).

This analysis provides annual and quarterly sections for reporting key financial margins.

Annual Section

The annual section uses annual data to calculate margins and growth rates.

Income Statement Margins

Monetary values in USD amounts except #	LTM Mar 12	2025 Dec 31	2024 Dec 31	2023 Dec 31	2022 Dec 31
Revenue	1,893	1,893	2,027	2,079	3,538
Revenue Growth Rate	0%	-6.61%	-2.52%	-41.24%	-3.68%
Cost of Revenue	868.8	868.8	964.3	1,048	2,458
Gross Profit	1,024	1,024	1,062	1,031	1,080
Gross Margin	54.1%	54.1%	52.42%	49.57%	30.53%
Operating Income	387	387	312.4	223.5	159.3
Operating Margin	20.45%	20.45%	15.42%	10.75%	4.5%
Net Income	144.7	144.7	10.24	-385.6	36.94
Net Margin	7.65%	7.65%	0.506%	-18.55%	1.04%

Cash Flow Statement Margins

Monetary values in USD amounts except #	LTM Mar 12	2025 Dec 31	2024 Dec 31	2023 Dec 31	2022 Dec 31
Revenue	1,893	1,893	2,027	2,079	3,538
Cash from Operating Activities	395.1	366	229.2	79.47	176
Cash from Operating Activities Margin	20.88%	19.34%	11.31%	3.82%	4.97%
Free Cash Flow	328.8	299.7	156.8	-23.41	51.14
Free Cash Flow Margin	17.37%	15.84%	7.74%	-1.13%	1.45%
Depreciation and Amortization	111.6	111.6	114.5	160.4	163.8
Depreciation and Amortization Margin	5.9%	5.9%	5.65%	7.72%	4.63%
Capital Expenditure	-66.28	-66.28	-72.4	-102.9	-124.8
Capital Expenditure Margin	-3.5%	-3.5%	-3.57%	-4.95%	-3.53%

Annual Chart

Monetary values in USD

{"sectionId": "section-chart-1", "sectionType": "chart", "title": "Annual Chart", "timeseries": "annual", "series": [{"label": "Gross Margin", "mappingKey": "user:%grossMargin", "data": [{"l": "2022", "x": "2022-12-31", "y": 30.53}, {"l": "2023", "x": "2023-12-31", "y": 49.57}, {"l": "2024", "x": "2024-12-31", "y": 52.42}, {"l": "2025", "x": "2025-12-31", "y": 54.1}], "dataType": "%", "displayAs": "bar", "dataTimeseries": "annual", "hidden": false}, {"label": "Operating Margin", "mappingKey": "user:%operatingMargin", "data": [{"l": "2022", "x": "2022-12-31", "y": 4.5}, {"l": "2023", "x": "2023-12-31", "y": 10.75}, {"l": "2024", "x": "2024-12-31", "y": 15.42}, {"l": "2025", "x": "2025-12-31", "y": 20.45}], "dataType": "%", "displayAs": "bar", "dataTimeseries": "annual", "hidden": false}, {"label": "Net Margin", "mappingKey": "user:%netMargin", "data": [{"l": "2022", "x": "2022-12-31", "y": 1.04}, {"l": "2023", "x": "2023-12-31", "y": -18.55}, {"l": "2024", "x": "2024-12-31", "y": 0.506}, {"l": "2025", "x": "2025-12-31", "y": 7.65}], "dataType": "%", "displayAs": "bar", "dataTimeseries": "annual", "hidden": false}, {"label": "Free Cash Flow Margin", "mappingKey": "user:%freeCashFlowMargin", "data": [{"l": "2022", "x": "2022-12-31", "y": 1.45}, {"l": "2023", "x": "2023-12-31", "y": -1.13}, {"l": "2024", "x": "2024-12-31", "y": 7.74}, {"l": "2025", "x": "2025-12-31", "y": 15.84}], "dataType": "%", "displayAs": "bar", "dataTimeseries": "annual", "hidden": false}], "editableDates": {}, "properties": {"display_table": false}, "width": "full"}

Quarterly Section

The quarterly section uses quarterly data to calculate margins and growth rates.

Income Statement Margins

Monetary values in USD amounts except #	2025 (Q4) Dec 31	2025 (Q3) Sep 30	2025 (Q2) Jun 30	2025 (Q1) Mar 31	2024 (Q4) Dec 31	2024 (Q3) Sep 30
Revenue	477.6	459.7	461.9	493.4	516.1	499.5
Revenue Growth Rate	3.91%	-0.484%	-6.39%	-4.4%	3.33%
Cost of Revenue	214.7	215.4	214.4	224.3	238.5	238
Gross Profit	262.9	244.3	247.5	269.1	277.6	261.5
Gross Margin	55.05%	53.14%	53.59%	54.54%	53.79%	52.35%
Operating Income	118.5	96.72	73.38	98.44	119.8	63.9
Operating Margin	24.81%	21.04%	15.89%	19.95%	23.22%	12.79%
Net Income	27.34	51.96	29.98	35.42	-42.38	80.38
Net Margin	5.72%	11.3%	6.49%	7.18%	-8.21%	16.09%

Cash Flow Statement Margins

Monetary values in USD amounts except #	2025 (Q4) Dec 31	2025 (Q3) Sep 30	2025 (Q2) Jun 30	2025 (Q1) Mar 31	2024 (Q4) Dec 31	2024 (Q3) Sep 30
Revenue	477.6	459.7	461.9	493.4	516.1	499.5
Cash from Operating Activities	233.6	66.85	111.4	-16.68	134.5	14.75
Cash from Operating Activities Margin	48.9%	14.54%	24.11%	-3.38%	26.06%	2.95%
Free Cash Flow	213.3	51.05	98.05	-33.57	112.3	-4.69
Free Cash Flow Margin	44.66%	11.11%	21.23%	-6.8%	21.76%	-0.939%
Depreciation and Amortization	27.07	27.42	28.76	28.32	28.59	28.57
Depreciation and Amortization Margin	5.67%	5.96%	6.23%	5.74%	5.54%	5.72%
Capital Expenditure	-20.25	-15.8	-13.34	-16.89	-22.18	-19.44
Capital Expenditure Margin	-4.24%	-3.44%	-2.89%	-3.42%	-4.3%	-3.89%

Quarterly Chart

Monetary values in USD

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