PBI vs FDX vs XRX Stock Comparison

Pitney Bowes, Fedex and Xerox Holdings Prices as of Oct 27, 2026 Peers: Industry group
PBI Pitney Bowes Inc /De/
$17.29 +5.5% 1M +45.7% 1Y
Market cap
$2.37B
P/E
12.7x
Revenue (TTM)
$1.87B
Div. yield
0.02%
Office Equipment Industrials
6 wins
FDX Fedex Corp
$307.22 +7.5% 1M +54.1% 1Y
Market cap
$72.37B
P/E
16.3x
Revenue (TTM)
$94.72B
Div. yield
–
Parcel Delivery Industrials
3 wins
XRX Xerox Holdings Corp
$2.54 -23.5% 1M -30.0% 1Y
Market cap
$359.31M
P/E
–
Revenue (TTM)
$7.49B
Div. yield
0.11%
Office Equipment Industrials
3 wins

Head to Head

12 decided of 12

Pitney Bowes leads on 6 of the 12 questions below (Pitney Bowes 6, Fedex 3, Xerox Holdings 3). Which ones matter depends on what you are buying for; a cheap multiple and slow growth often come together.

QuestionPBIFDXXRXLeader
Larger companyMarket capitalisation $2.37B $72.37B $359.31M FDX
Cheaper on earningsLower P/E, profitable companies only 12.7x 16.3x -0.4x PBI
Cheaper on forward earningsLower price / next fiscal year consensus EPS 9.7x 18.3x 16.9x PBI
Faster revenue growthRevenue growth, trailing twelve months -5.3% +7.7% +18.9% XRX
More profitableNet margin, trailing twelve months 10.0% 4.7% -12.4% PBI
Better return on capitalReturn on invested capital 18.8% 7.4% -1,131.5% PBI
Less leveragedLower net debt / EBITDA 4.2x 1.3x 0.1x XRX
Higher dividend yieldTrailing dividend yield 0.02% 0.00% 0.11% XRX
Better 1-year returnPrice return, last 12 months +45.7% +54.1% -30.0% FDX
Better 5-year returnAnnualised price return, 5 years +20.1%/yr +10.1%/yr -32.4%/yr PBI
Less volatileAnnualised volatility, 1 year 34.2% 28.2% 89.0% FDX
Higher overall scoreMean of the five percentile scores vs peers 77/100 45/100 36/100 PBI

Percentile Scorecard

PBIFDXXRX

Each axis is the mean percentile of its metrics against the company's industry group. 100 is the best in the group, 50 the middle.

Scores by Axis

AxisPBIFDXXRX
Valuation 92 #10 of 112 54 #63 of 136 90 #12 of 112
Growth 93 #8 of 96 67 #41 of 121 26 #71 of 96
Profitability 96 #5 of 91 46 #63 of 115 12 #80 of 91
Financial Health 16 #105 of 125 47 #76 of 143 32 #86 of 125
Shareholder Returns 88 #9 of 67 11 #73 of 82 21 #53 of 67
Overall 77 45 36
  • PBI ranked among 130 companies in Business Services
  • FDX ranked among 150 companies in Transportation
  • XRX ranked among 130 companies in Business Services

Price Performance

Price return, split-adjusted, before dividends. Click a name to hide or show it.

Returns

PeriodPBIFDXXRXSPY
1 month +5.5%+7.5%-23.5% -0.2%
3 months -3.0%-1.7%-7.6% +3.9%
6 months +9.3%-2.3%+59.7% +8.2%
Year to date +63.6%+32.0%+7.2% +12.9%
1 year +45.7%+54.1%-30.0% +12.3%
3 years +465.0%+66.6%-79.2% +87.4%
3 years, per year +78.2%+18.6%-40.7% +23.3%
5 years +149.5%+61.6%-85.9% +67.9%
5 years, per year +20.1%+10.1%-32.4% +10.9%
10 years -0.5%+118.6%-89.9% +261.1%
10 years, per year 0.0%+8.1%-20.5% +13.7%

Risk

MeasurePBIFDXXRXSPY
Volatility, 1Y 34.2%28.2%89.0% 12.7%
Downside volatility, 1Y 34.3%27.5%75.0% 12.7%
Beta vs S&P 500, 1Y 0.700.792.29 1.00
Return / volatility, 1Y 1.331.92-0.34 0.97
Max drawdown, 5Y -70.9%-46.1%-94.9% -25.4%
From 52-week high -6.6%-9.5%-30.0% -1.2%
52-week high $18.52$339.38$3.63 $779.14
52-week low $9.02$199.31$1.22 $631.97

Valuation History

Weekly multiples on trailing twelve-month fundamentals. Negative or extreme readings (a loss year, a collapsed denominator) are left out so the chart stays readable.

MultiplePBIFDXXRX
P/E now vs peer median 12.6xmedian 21.2x 16.4xmedian 16.3x -0.4xmedian 21.2x
P/S now vs peer median 1.3xmedian 0.9x 0.8xmedian 1.0x 0.0xmedian 0.9x
EV/EBITDA now vs peer median 9.9xmedian 11.9x 8.6xmedian 8.7x 0.0xmedian 11.9x
P/FCF now vs peer median 5.7xmedian 13.7x 14.2xmedian 11.4x 5.2xmedian 13.7x
P/B now vs peer median -2.7xmedian 2.4x 2.3xmedian 1.2x 1.0xmedian 2.4x
PEG now vs peer median 0.23median 1.00 2.66median 0.82 0.01median 1.00

Financial History

Reported figures by fiscal period, placed on the calendar year (or quarter) each period ended in, so companies with different fiscal years line up.

Trailing twelve monthsPBIFDXXRX
Revenue $1.87B $94.72B $7.49B
Gross profit $1.06B – $2.16B
Operating income $306.05M $5.46B -$5.71B
Net income $187.35M $4.43B -$925.00M
Free cash flow $415.24M $5.12B $64.00M
R&D $14.09M – $255.00M
EPS (diluted) $1.35 $18.55 $-7.29
Cash & equivalents $266.83M $13.31B $495.00M
Total debt $2.03B $25.71B $82.00M
Shares (diluted) 139.04M 239.00M 126.92M
Enterprise value $1.15B $38.31B -$1.71B

All Metrics

58 metrics · best in bold

Bold marks the best reading: the lowest positive value for multiples, leverage and payout, the highest for everything else. The bar under each value is its percentile against that company's own peers. Hover a value for its rank and the peer median.

Valuation

12 metrics
MetricPBIFDXXRX
P/E 12.6x 16.4x -0.4x
P/FCF 5.7x 14.2x 5.2x
P/Operating cash flow 4.9x 8.1x 1.5x
P/S 1.3x 0.8x 0.0x
P/B -2.7x 2.3x 1.0x
P/Tangible book -2.7x 2.3x -0.6x
EV/EBITDA 9.9x 8.6x 0.0x
EV/EBIT 13.5x 15.6x 0.0x
EV/Revenue 2.2x 0.9x 0.0x
EV/FCF 9.9x 16.6x -1.2x
EV/Operating cash flow 8.5x 9.5x -0.4x
PEG (3Y EPS CAGR) 0.23 2.66 0.01

Growth

14 metrics
MetricPBIFDXXRX
Revenue growth (1Y) -5.3% 7.7% 18.9%
Revenue CAGR (3Y) 2.5% 1.7% 1.5%
Gross profit growth (1Y) -2.4% – 9.9%
Gross profit CAGR (3Y) -0.6% – -5.3%
Operating income growth (1Y) 377.3% 4.7% -4.8%
Operating income CAGR (3Y) 35.8% 3.6% -5.6%
Net income growth (1Y) 269.6% 8.3% 35.0%
Net income CAGR (3Y) 49.8% 3.7% -54.5%
EPS growth (1Y) 320.8% 10.3% 35.5%
EPS CAGR (3Y) 55.0% 6.2% -65.6%
Operating cash flow growth (1Y) 66.8% 26.8% -40.9%
Operating cash flow CAGR (3Y) 23.9% 0.3% -14.8%
Free cash flow growth (1Y) 89.3% 71.6% -77.1%
Free cash flow CAGR (3Y) 31.6% 24.1% -38.9%

Profitability

14 metrics
MetricPBIFDXXRX
Gross margin 57.0% – 28.9%
EBITDA margin 22.4% 10.4% -71.1%
Operating margin 16.4% 5.8% -76.3%
Pretax margin 13.5% 6.1% -5.2%
Net margin 10.0% 4.7% -12.4%
FCF margin 22.3% 5.4% 0.9%
Operating cash flow margin 26.0% 9.4% 2.9%
Return on equity – 14.4% -291.7%
Return on assets 6.1% 4.6% -9.4%
Return on invested capital 18.8% 7.4% -1,131%
Return on capital employed 18.4% 7.0% -85.4%
Asset turnover 0.6x 1.0x 0.8x
Cash conversion (OCF / net income) 2.6x 2.0x -0.2x
Stock comp / revenue 0.8% 0.2% 0.5%

Financial Health

11 metrics
MetricPBIFDXXRX
Debt / assets 67.4% 26.0% 0.8%
Debt / equity -2.4x 0.8x 0.2x
Net debt / EBITDA 4.2x 1.3x 0.1x
Debt / FCF 4.9x 5.0x 1.3x
Liabilities / assets 128.6% 68.0% 96.6%
Equity / assets -28.6% 32.0% 3.4%
Interest coverage 5.7x – -19.0x
Current ratio 0.7x 1.5x 1.2x
Quick ratio 0.3x 1.4x 0.6x
Cash ratio 0.2x 0.7x 0.2x
Altman Z-score 2.42 2.53 -0.74

Shareholder Returns

7 metrics
MetricPBIFDXXRX
Dividend yield 2.2% 1.7% 4.5%
Net buyback yield 20.1% -0.3% –
Shareholder yield 22.3% 1.5% 4.5%
Payout ratio (earnings) 29.0% – -4.4%
Payout ratio (FCF) 13.1% – 64.1%
Dividend growth (1Y) 30.1% – -73.5%
Dividend CAGR (3Y) 15.9% – -40.2%

Analyst Estimates

Solid lines are reported fiscal-year results; dashed lines are the consensus for the years ahead. Hover a year for the analysts' high and low, and how each result compared with its estimate.

ConsensusPBIFDXXRX
Forward P/E 9.7xFY2026 18.3xFY2026 16.9xFY2026
EPS, next fiscal year $1.79FY2026 $16.80FY2026 $0.15FY2026
EPS growth, next FY +32.6%FY2026 -14.6%FY2026 –
EPS growth, the year after +5.0% +19.8% +173.3%
Revenue, next fiscal year $1.77BFY2026 $94.80BFY2026 $7.17BFY2026
Revenue growth, next FY -6.3%FY2026 +1.4%FY2026 +2.1%FY2026
Revenue growth, the year after +10.9% +7.0% +1.3%

Institutional Ownership

13F filings, quarter ended Jun 30, 2026
HoldersPBIFDXXRX
Held by institutions 88.8% 80.6% 71.2%
Institutions holding 350 1,939 231
Change in shares held, QoQ +2.6% +2.3% +5.7%
Institutions buying 167 902 130
Institutions selling 119 693 57
Buyers to sellers 1.40 1.30 2.28

Return Correlation

Daily returns, last 12 months

1.00 means two stocks move in lockstep, 0 that they move independently. Pairs below about 0.5 diversify each other.

PBIFDXXRX
PBI 1.00 0.19 0.21
FDX 0.19 1.00 0.17
XRX 0.21 0.17 1.00

Add a Peer

Largest companies in the same industry

Related Comparisons

Frequently Asked Questions

Which is bigger, PBI, FDX and XRX?

Fedex (FDX) is the largest by market capitalisation: Pitney Bowes (PBI) $2.37B, Fedex (FDX) $72.37B, Xerox Holdings (XRX) $359.31M.

Which stock is cheaper, PBI, FDX and XRX?

Pitney Bowes (PBI) trades on the lowest price-to-earnings ratio (Pitney Bowes (PBI) 12.7x, Fedex (FDX) 16.3x, Xerox Holdings (XRX) -0.4x). On next year's consensus earnings, Pitney Bowes (PBI) is cheapest (Pitney Bowes (PBI) 9.7x, Fedex (FDX) 18.3x, Xerox Holdings (XRX) 16.9x). A lower multiple can reflect slower expected growth, so read it next to the growth figures.

Which company is growing faster?

Xerox Holdings (XRX) grew revenue fastest over the trailing twelve months: Pitney Bowes (PBI) -5.3%, Fedex (FDX) +7.7%, Xerox Holdings (XRX) +18.9%.

Which company is more profitable?

Pitney Bowes (PBI) has the highest net margin (Pitney Bowes (PBI) 10.0%, Fedex (FDX) 4.7%, Xerox Holdings (XRX) -12.4%). On return on invested capital, Pitney Bowes (PBI) leads (Pitney Bowes (PBI) 18.8%, Fedex (FDX) 7.4%, Xerox Holdings (XRX) -1,131.5%).

Which stock has performed better?

Over the past year Fedex (FDX) returned the most: Pitney Bowes (PBI) +45.7%, Fedex (FDX) +54.1%, Xerox Holdings (XRX) -30.0%. Over five years, Pitney Bowes (PBI) compounded fastest (Pitney Bowes (PBI) +20.1%/yr, Fedex (FDX) +10.1%/yr, Xerox Holdings (XRX) -32.4%/yr). Returns are price only, before dividends.

Which pays a higher dividend?

Xerox Holdings (XRX) has the highest dividend yield: Pitney Bowes (PBI) 0.02%, Fedex (FDX) 0.00%, Xerox Holdings (XRX) 0.11%. Fedex (FDX) pays no regular dividend.

Which stock is riskier?

By one-year price volatility, Fedex (FDX) has been the steadiest (Pitney Bowes (PBI) 34.2%, Fedex (FDX) 28.2%, Xerox Holdings (XRX) 89.0%). Volatility measures how widely the price swings, not the risk of the business.

Which is the better stock, PBI, FDX and XRX?

There is no single answer; it depends on what you are buying for. On the 12 head-to-head measures on this page, Pitney Bowes (PBI) leads on 6. Business Quant does not give investment advice; use the comparison as a starting point for your own research.

Data from SEC filings, exchange prices and consensus estimates, via Business Quant. Percentile scores compare each company with its own peer group, so two companies' scores are each relative to different peers unless you rank against the whole market. Price returns exclude dividends. Nothing on this page is investment advice.