PBI vs FDX vs ZBRA Stock Comparison

Pitney Bowes, Fedex and Zebra Technologies Prices as of Oct 23, 2026 Peers: Industry group
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PBI Pitney Bowes Inc /De/
$17.35 +6.6% 1M +48.8% 1Y
Market cap
$2.36B
P/E
12.6x
Revenue (TTM)
$1.87B
Div. yield
0.02%
Office Equipment Industrials
6 wins
FDX Fedex Corp
$298.81 +2.5% 1M +55.7% 1Y
Market cap
$71.23B
P/E
16.1x
Revenue (TTM)
$94.72B
Div. yield
–
Parcel Delivery Industrials
3 wins
ZBRA Zebra Technologies Corp
$386.45 +4.2% 1M +23.1% 1Y
Market cap
$18.31B
P/E
34.0x
Revenue (TTM)
$5.85B
Div. yield
–
Electronic Components Technology
2 wins

Head to Head

11 decided of 12

Pitney Bowes leads on 6 of the 12 questions below (Pitney Bowes 6, Fedex 3, Zebra Technologies 2). Which ones matter depends on what you are buying for; a cheap multiple and slow growth often come together.

QuestionPBIFDXZBRALeader
Larger companyMarket capitalisation $2.36B $71.23B $18.31B FDX
Cheaper on earningsLower P/E, profitable companies only 12.6x 16.1x 34.0x PBI
Cheaper on forward earningsLower price / next fiscal year consensus EPS 9.7x 17.8x 17.1x PBI
Faster revenue growthRevenue growth, trailing twelve months -5.3% +7.7% +12.7% ZBRA
More profitableNet margin, trailing twelve months 10.0% 4.7% 9.2% PBI
Better return on capitalReturn on invested capital -33.8% 7.4% 10.6% ZBRA
Less leveragedLower net debt / EBITDA -4.0x 1.3x 2.4x PBI
Higher dividend yieldTrailing dividend yield 0.02% 0.00% 0.00% –
Better 1-year returnPrice return, last 12 months +48.8% +55.7% +23.1% FDX
Better 5-year returnAnnualised price return, 5 years +19.6%/yr +9.7%/yr -6.1%/yr PBI
Less volatileAnnualised volatility, 1 year 34.3% 28.3% 47.2% FDX
Higher overall scoreMean of the five percentile scores vs peers 64/100 46/100 61/100 PBI

Percentile Scorecard

PBIFDXZBRA

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

AxisPBIFDXZBRA
Valuation 75 #29 of 112 57 #59 of 136 63 #42 of 112
Growth 88 #12 of 96 68 #40 of 122 48 #57 of 109
Profitability 54 #43 of 93 47 #64 of 119 85 #17 of 105
Financial Health 10 #114 of 126 46 #80 of 147 17 #97 of 117
Shareholder Returns 91 #7 of 67 12 #74 of 84 93 #7 of 82
Overall 64 46 61
  • PBI ranked among 130 companies in Business Services
  • FDX ranked among 150 companies in Transportation
  • ZBRA ranked among 122 companies in Computer Hardware

Price Performance

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

Returns

PeriodPBIFDXZBRASPY
1 month +6.6%+2.5%+4.2% -1.0%
3 months -3.1%-5.2%+48.7% +2.9%
6 months +11.4%-4.4%+69.7% +6.4%
Year to date +64.1%+28.4%+59.2% +11.4%
1 year +48.8%+55.7%+23.1% +13.1%
3 years +432.2%+53.4%+87.7% +79.4%
3 years, per year +74.7%+15.3%+23.4% +21.5%
5 years +144.4%+59.2%-26.8% +67.7%
5 years, per year +19.6%+9.7%-6.1% +10.9%
10 years +1.2%+117.9%+497.3% +255.2%
10 years, per year +0.1%+8.1%+19.6% +13.5%

Risk

MeasurePBIFDXZBRASPY
Volatility, 1Y 34.3%28.3%47.2% 12.7%
Downside volatility, 1Y 34.4%27.5%42.0% 12.7%
Beta vs S&P 500, 1Y 0.710.801.67 1.00
Return / volatility, 1Y 1.421.970.49 1.03
Max drawdown, 5Y -70.9%-46.1%-67.8% -25.4%
From 52-week high -6.3%-12.0%-1.2% -2.5%
52-week high $18.52$339.38$391.00 $779.14
52-week low $9.02$191.92$199.30 $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.

MultiplePBIFDXZBRA
P/E now vs peer median 12.7xmedian 21.0x 16.0xmedian 16.0x 34.2xmedian 31.3x
P/S now vs peer median 1.3xmedian 0.9x 0.7xmedian 1.0x 3.1xmedian 2.6x
EV/EBITDA now vs peer median -9.4xmedian 12.3x 8.4xmedian 8.7x 19.5xmedian 19.6x
P/FCF now vs peer median 5.7xmedian 15.1x 13.8xmedian 11.5x 20.2xmedian 28.3x
P/B now vs peer median -2.8xmedian 2.4x 2.2xmedian 1.2x 5.3xmedian 2.9x
PEG now vs peer median 0.23median 1.02 2.58median 0.82 -9.05median 1.15

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 monthsPBIFDXZBRA
Revenue $1.87B $94.72B $5.85B
Gross profit $1.06B – $2.90B
Operating income -$550.89M $5.46B $858.00M
Net income $187.35M $4.43B $539.00M
Free cash flow $415.24M $5.12B $904.00M
R&D $14.09M – $622.00M
EPS (diluted) $1.35 $18.55 $11.20
Cash & equivalents $266.83M $13.31B $157.00M
Total debt $2.03B $25.71B $2.77B
Shares (diluted) 139.04M 239.00M 48.13M
Enterprise value $1.14B $37.18B $16.87B

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
MetricPBIFDXZBRA
P/E 12.7x 16.0x 34.2x
P/FCF 5.7x 13.8x 20.2x
P/Operating cash flow 4.9x 7.9x 18.7x
P/S 1.3x 0.7x 3.1x
P/B -2.8x 2.2x 5.3x
P/Tangible book -2.7x 2.2x 6.7x
EV/EBITDA -9.4x 8.4x 19.5x
EV/EBIT -7.5x 15.2x 24.4x
EV/Revenue 2.2x 0.9x 3.6x
EV/FCF 10.0x 16.2x 23.1x
EV/Operating cash flow 8.5x 9.3x 21.3x
PEG (3Y EPS CAGR) 0.23 2.58 -9.05

Growth

14 metrics
MetricPBIFDXZBRA
Revenue growth (1Y) -5.3% 7.7% 12.7%
Revenue CAGR (3Y) 2.5% 1.7% 2.1%
Gross profit growth (1Y) -2.4% – 14.9%
Gross profit CAGR (3Y) -0.6% – 4.2%
Operating income growth (1Y) 38.0% 4.7% 8.1%
Operating income CAGR (3Y) 23.1% 3.6% -0.9%
Net income growth (1Y) 269.6% 8.3% -1.6%
Net income CAGR (3Y) 49.8% 3.7% -6.1%
EPS growth (1Y) 320.8% 10.3% 4.8%
EPS CAGR (3Y) 55.0% 6.2% -3.8%
Operating cash flow growth (1Y) 66.8% 26.8% 5.8%
Operating cash flow CAGR (3Y) 23.9% 0.3% 63.5%
Free cash flow growth (1Y) 89.3% 71.6% 6.0%
Free cash flow CAGR (3Y) 31.6% 24.1% 83.6%

Profitability

14 metrics
MetricPBIFDXZBRA
Gross margin 57.0% – 49.6%
EBITDA margin -23.5% 10.4% 18.3%
Operating margin -29.5% 5.8% 14.7%
Pretax margin 13.5% 6.1% 12.1%
Net margin 10.0% 4.7% 9.2%
FCF margin 22.3% 5.4% 15.5%
Operating cash flow margin 26.0% 9.4% 16.7%
Return on equity – 14.4% 15.6%
Return on assets 6.1% 4.6% 6.4%
Return on invested capital -33.8% 7.4% 10.6%
Return on capital employed -33.1% 7.0% 19.1%
Asset turnover 0.6x 1.0x 0.7x
Cash conversion (OCF / net income) 2.6x 2.0x 1.8x
Stock comp / revenue 0.8% 0.2% 3.0%

Financial Health

11 metrics
MetricPBIFDXZBRA
Debt / assets 67.4% 26.0% 32.0%
Debt / equity -2.4x 0.8x 0.8x
Net debt / EBITDA -4.0x 1.3x 2.4x
Debt / FCF 4.9x 5.0x 3.1x
Liabilities / assets 128.6% 68.0% 60.2%
Equity / assets -28.6% 32.0% 39.8%
Interest coverage -10.3x – –
Current ratio 0.7x 1.5x 0.5x
Quick ratio 0.3x 1.4x 0.3x
Cash ratio 0.2x 0.7x 0.0x
Altman Z-score 1.48 2.51 3.76

Shareholder Returns

7 metrics
MetricPBIFDXZBRA
Dividend yield 2.2% 1.8% –
Net buyback yield 20.0% -0.3% 4.9%
Shareholder yield 22.2% 1.5% 4.9%
Payout ratio (earnings) 29.0% – –
Payout ratio (FCF) 13.1% – –
Dividend growth (1Y) 30.1% – –
Dividend CAGR (3Y) 15.9% – –

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.

ConsensusPBIFDXZBRA
Forward P/E 9.7xFY2026 17.8xFY2026 17.1xFY2026
EPS, next fiscal year $1.79FY2026 $16.80FY2026 $22.59FY2026
EPS growth, next FY +32.6%FY2026 -14.6%FY2026 +42.6%FY2026
EPS growth, the year after +5.0% +20.3% -4.5%
Revenue, next fiscal year $1.77BFY2026 $94.93BFY2026 $6.35BFY2026
Revenue growth, next FY -6.3%FY2026 +1.6%FY2026 +17.7%FY2026
Revenue growth, the year after +10.9% +7.2% +1.2%

Institutional Ownership

13F filings, quarter ended Jun 30, 2026
HoldersPBIFDXZBRA
Held by institutions 88.8% 80.6% 100.0%
Institutions holding 350 1,939 644
Change in shares held, QoQ +2.6% +2.3% +4.5%
Institutions buying 167 902 309
Institutions selling 119 693 242
Buyers to sellers 1.40 1.30 1.28

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.

PBIFDXZBRA
PBI 1.00 0.19 0.13
FDX 0.19 1.00 0.21
ZBRA 0.13 0.21 1.00

Add a Peer

Largest companies in the same industry

Related Comparisons

Frequently Asked Questions

Which is bigger, PBI, FDX and ZBRA?

Fedex (FDX) is the largest by market capitalisation: Pitney Bowes (PBI) $2.36B, Fedex (FDX) $71.23B, Zebra Technologies (ZBRA) $18.31B.

Which stock is cheaper, PBI, FDX and ZBRA?

Pitney Bowes (PBI) trades on the lowest price-to-earnings ratio (Pitney Bowes (PBI) 12.6x, Fedex (FDX) 16.1x, Zebra Technologies (ZBRA) 34.0x). On next year's consensus earnings, Pitney Bowes (PBI) is cheapest (Pitney Bowes (PBI) 9.7x, Fedex (FDX) 17.8x, Zebra Technologies (ZBRA) 17.1x). A lower multiple can reflect slower expected growth, so read it next to the growth figures.

Which company is growing faster?

Zebra Technologies (ZBRA) grew revenue fastest over the trailing twelve months: Pitney Bowes (PBI) -5.3%, Fedex (FDX) +7.7%, Zebra Technologies (ZBRA) +12.7%.

Which company is more profitable?

Pitney Bowes (PBI) has the highest net margin (Pitney Bowes (PBI) 10.0%, Fedex (FDX) 4.7%, Zebra Technologies (ZBRA) 9.2%). On return on invested capital, Zebra Technologies (ZBRA) leads (Pitney Bowes (PBI) -33.8%, Fedex (FDX) 7.4%, Zebra Technologies (ZBRA) 10.6%).

Which stock has performed better?

Over the past year Fedex (FDX) returned the most: Pitney Bowes (PBI) +48.8%, Fedex (FDX) +55.7%, Zebra Technologies (ZBRA) +23.1%. Over five years, Pitney Bowes (PBI) compounded fastest (Pitney Bowes (PBI) +19.6%/yr, Fedex (FDX) +9.7%/yr, Zebra Technologies (ZBRA) -6.1%/yr). Returns are price only, before dividends.

Which pays a higher dividend?

Only one of these companies pays a dividend: Pitney Bowes (PBI) 0.02%, Fedex (FDX) 0.00%, Zebra Technologies (ZBRA) 0.00%. Fedex (FDX) and Zebra Technologies (ZBRA) pays no regular dividend.

Which stock is riskier?

By one-year price volatility, Fedex (FDX) has been the steadiest (Pitney Bowes (PBI) 34.3%, Fedex (FDX) 28.3%, Zebra Technologies (ZBRA) 47.2%). Volatility measures how widely the price swings, not the risk of the business.

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

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.