Pitney Bowes Inc. PBI

Competitive advantage analysis · industrials

Corporate Default
Overall moat score
71/100
Moderate

Ranked against 26 peers in Integrated Freight & Logistics

About Pitney Bowes Inc.

Pitney Bowes Inc. provides digital shipping solutions, mailing innovation, and financial services worldwide. It operates through SendTech Solutions and Presort Services segments. The SendTech Solutions segment offers physical and digital shipping and mailing technology solutions and other applications for sending, tracking, and receiving of letters, parcels and flats, as well as supplies and maintenance services. This segment also provides financing … Full PBI analysis →

Key strengths

  • Margins Consistently Above Peers Gross margin at 54.1% (top 8%) and operating margin at 20.4% (top 4%) indicate strong pricing power.
  • Scale Supporting Profitability Profitability at scale is strong (score 0.94), demonstrating competitive advantages.

Key risks

  • Elevated Debt Risk Debt serviceability is weak (score 0.34), raising refinancing risk.
  • Liquidity Concerns Liquidity is concerning (score 0.04), raising questions about short-term obligations.

The dashed ring is the peer median. Defense scores are percentile ranks against peers, so 50 is roughly the typical company in this group.

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Pricing Power

Strong
75
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Signals, strengths and risks for Pricing Power

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Signals, strengths and risks for Cost Advantage

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Signals, strengths and risks for Customer Stickiness

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Signals, strengths and risks for Capital Efficiency

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Signals, strengths and risks for Resilience

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Signals, strengths and risks for Scale & Market Position

Where PBI ranks in Integrated Freight & Logistics

Pitney Bowes Inc. ranks #6 of 27 scored companies in Integrated Freight & Logistics by moat score — the top 22%. The widest moat in the group is ZTO Express (Cayman) Inc. (ZTO) at 83/100.

# Company Moat score Rating
2 FedEx Corporation FDX 78/100 Strong
3 Expeditors International of Was EXPD 78/100 Strong
4 J.B. Hunt Transport Services, I JBHT 76/100 Strong
5 United Parcel Service, Inc. UPS 73/100 Moderate
6 Pitney Bowes Inc. PBI 71/100 Moderate
7 C.H. Robinson Worldwide, Inc. CHRW 68/100 Moderate
8 Globavend Holdings Limited - Or GVH 63/100 Moderate
9 Landstar System, Inc. LSTR 62/100 Moderate
10 Hub Group, Inc. HUBG 62/100 Moderate

See every General Corporate company ranked by moat score →

How PBI scores on the Corporate Default defenses

Pricing Power

Score 75 · 20% of the moat score

Pricing power is the ability to raise prices without losing volume.

Cost Advantage

Score 61 · 15% of the moat score

A cost advantage means delivering the same product for structurally less — better purchasing, denser distribution, a more automated process.

Customer Stickiness

Score 91 · 15% of the moat score

Stickiness is what makes revenue repeat without being re-won every year.

Capital Efficiency

Score 70 · 18% of the moat score

Capital efficiency asks what the company earns on the money tied up in the business.

Resilience

Score 38 · 17% of the moat score

Resilience is the capacity to get through a bad year on its own terms — enough liquidity, enough interest cover, and enough cash generation to avoid a rescue financing or a forced sale.

Scale & Market Position

Score 92 · 15% of the moat score

Scale matters only when it converts into economics.

How each Corporate Default defense is measured, in full →

Understanding PBI's moat

What is Pitney Bowes Inc.'s moat score?

Pitney Bowes Inc. (PBI) scores 71 out of 100 on the StatsAlpha Moat Map, which rates its competitive advantage as moderate. It ranks #6 of 27 scored companies in Integrated Freight & Logistics, the top 22%. The score is a weighted composite of 6 competitive defenses, each measured against industry peers of 26 companies in Integrated Freight & Logistics. Its strongest defense is Scale & Market Position (92/100) and its weakest is Resilience (38/100).

How does Pitney Bowes Inc. compare with other Integrated Freight & Logistics companies?

Pitney Bowes Inc. ranks #6 of 27 scored companies in Integrated Freight & Logistics by moat score. The widest moat in Integrated Freight & Logistics is ZTO Express (Cayman) Inc. (ZTO) at 83/100. The companies ranked closest are United Parcel Service, Inc. (UPS) at 73 just above it and C.H. Robinson Worldwide, Inc. (CHRW) at 68 just below it.

How is the moat score calculated?

Each company is scored with an industry-specific template — Corporate Default in this case, chosen because the defenses that matter to a bank are not the ones that matter to a software company. Every defense combines several financial signals, and each signal is measured as a percentile against a peer group of 26 companies in Integrated Freight & Logistics. The defenses are then weighted to produce the overall score out of 100.

Why is Pitney Bowes Inc. scored with the Corporate Default template?

Most public companies sell a product or a service at a margin, so the moat question is whether that margin survives contact with competitors. The Corporate template scores the six defenses that show up in a general operating company's financial signature: whether it can hold price, produce more cheaply than rivals, keep its customers, earn a return above its cost of capital, withstand a downturn, and turn size into economics.

Which competitive defenses are measured for Pitney Bowes Inc.?

The Corporate Default template measures 6 defenses, and PBI scores: Pricing Power (75), Cost Advantage (61), Customer Stickiness (91), Capital Efficiency (70), Resilience (38), Scale & Market Position (92). Each is scored independently as a percentile against peers, so a company can be strong on one and weak on another — the overall score reflects how those defenses are weighted for this industry.

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