PBI vs ZBRA vs XRX Stock Comparison

Pitney Bowes, Zebra Technologies and Xerox Holdings Prices as of Oct 23, 2026 Peers: Industry group
1 more company in this comparison (YIBO) Create a free account to keep reading and compare up to 10 companies.
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
8 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
XRX Xerox Holdings Corp
$2.56 -26.2% 1M -26.4% 1Y
Market cap
$331.82M
P/E
–
Revenue (TTM)
$7.49B
Div. yield
0.12%
Office Equipment Industrials
2 wins

Head to Head

12 decided of 12

Pitney Bowes leads on 8 of the 12 questions below (Pitney Bowes 8, Zebra Technologies 2, Xerox Holdings 2). Which ones matter depends on what you are buying for; a cheap multiple and slow growth often come together.

QuestionPBIZBRAXRXLeader
Larger companyMarket capitalisation $2.36B $18.31B $331.82M ZBRA
Cheaper on earningsLower P/E, profitable companies only 12.6x 34.0x -0.4x PBI
Cheaper on forward earningsLower price / next fiscal year consensus EPS 9.7x 17.1x 17.1x PBI
Faster revenue growthRevenue growth, trailing twelve months -5.3% +12.7% +18.9% XRX
More profitableNet margin, trailing twelve months 10.0% 9.2% -12.4% PBI
Better return on capitalReturn on invested capital -33.8% 10.6% -1,131.5% ZBRA
Less leveragedLower net debt / EBITDA -4.0x 2.4x 0.1x PBI
Higher dividend yieldTrailing dividend yield 0.02% 0.00% 0.12% XRX
Better 1-year returnPrice return, last 12 months +48.8% +23.1% -26.4% PBI
Better 5-year returnAnnualised price return, 5 years +19.6%/yr -6.1%/yr -34.2%/yr PBI
Less volatileAnnualised volatility, 1 year 34.3% 47.2% 89.0% PBI
Higher overall scoreMean of the five percentile scores vs peers 64/100 61/100 36/100 PBI

Percentile Scorecard

PBIZBRAXRX

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

AxisPBIZBRAXRX
Valuation 75 #29 of 112 63 #42 of 112 90 #12 of 112
Growth 88 #12 of 96 48 #57 of 109 25 #72 of 96
Profitability 54 #43 of 93 85 #17 of 105 12 #82 of 93
Financial Health 10 #114 of 126 17 #97 of 117 34 #84 of 126
Shareholder Returns 91 #7 of 67 93 #7 of 82 21 #53 of 67
Overall 64 61 36
  • PBI ranked among 130 companies in Business Services
  • ZBRA ranked among 122 companies in Computer Hardware
  • 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

PeriodPBIZBRAXRXSPY
1 month +6.6%+4.2%-26.2% -1.0%
3 months -3.1%+48.7%-0.8% +2.9%
6 months +11.4%+69.7%+64.1% +6.4%
Year to date +64.1%+59.2%+8.0% +11.4%
1 year +48.8%+23.1%-26.4% +13.1%
3 years +432.2%+87.7%-79.6% +79.4%
3 years, per year +74.7%+23.4%-41.2% +21.5%
5 years +144.4%-26.8%-87.7% +67.7%
5 years, per year +19.6%-6.1%-34.2% +10.9%
10 years +1.2%+497.3%-89.8% +255.2%
10 years, per year +0.1%+19.6%-20.4% +13.5%

Risk

MeasurePBIZBRAXRXSPY
Volatility, 1Y 34.3%47.2%89.0% 12.7%
Downside volatility, 1Y 34.4%42.0%75.3% 12.7%
Beta vs S&P 500, 1Y 0.711.672.30 1.00
Return / volatility, 1Y 1.420.49-0.30 1.03
Max drawdown, 5Y -70.9%-67.8%-94.9% -25.4%
From 52-week high -6.3%-1.2%-29.5% -2.5%
52-week high $18.52$391.00$3.63 $779.14
52-week low $9.02$199.30$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.

MultiplePBIZBRAXRX
P/E now vs peer median 12.7xmedian 21.0x 34.2xmedian 31.3x -0.4xmedian 21.0x
P/S now vs peer median 1.3xmedian 0.9x 3.1xmedian 2.6x 0.0xmedian 0.9x
EV/EBITDA now vs peer median -9.4xmedian 12.3x 19.5xmedian 19.6x 0.0xmedian 12.3x
P/FCF now vs peer median 5.7xmedian 15.1x 20.2xmedian 28.3x 5.2xmedian 15.1x
P/B now vs peer median -2.8xmedian 2.4x 5.3xmedian 2.9x 1.0xmedian 2.4x
PEG now vs peer median 0.23median 1.02 -9.05median 1.15 0.01median 1.02

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 monthsPBIZBRAXRX
Revenue $1.87B $5.85B $7.49B
Gross profit $1.06B $2.90B $2.16B
Operating income -$550.89M $858.00M -$5.71B
Net income $187.35M $539.00M -$925.00M
Free cash flow $415.24M $904.00M $64.00M
R&D $14.09M $622.00M $255.00M
EPS (diluted) $1.35 $11.20 $-7.29
Cash & equivalents $266.83M $157.00M $495.00M
Total debt $2.03B $2.77B $82.00M
Shares (diluted) 139.04M 48.13M 126.92M
Enterprise value $1.14B $16.87B -$1.74B

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
MetricPBIZBRAXRX
P/E 12.7x 34.2x -0.4x
P/FCF 5.7x 20.2x 5.2x
P/Operating cash flow 4.9x 18.7x 1.5x
P/S 1.3x 3.1x 0.0x
P/B -2.8x 5.3x 1.0x
P/Tangible book -2.7x 6.7x -0.6x
EV/EBITDA -9.4x 19.5x 0.0x
EV/EBIT -7.5x 24.4x 0.0x
EV/Revenue 2.2x 3.6x 0.0x
EV/FCF 10.0x 23.1x -1.2x
EV/Operating cash flow 8.5x 21.3x -0.4x
PEG (3Y EPS CAGR) 0.23 -9.05 0.01

Growth

14 metrics
MetricPBIZBRAXRX
Revenue growth (1Y) -5.3% 12.7% 18.9%
Revenue CAGR (3Y) 2.5% 2.1% 1.5%
Gross profit growth (1Y) -2.4% 14.9% 9.9%
Gross profit CAGR (3Y) -0.6% 4.2% -5.3%
Operating income growth (1Y) 38.0% 8.1% -4.8%
Operating income CAGR (3Y) 23.1% -0.9% -5.6%
Net income growth (1Y) 269.6% -1.6% 35.0%
Net income CAGR (3Y) 49.8% -6.1% -54.5%
EPS growth (1Y) 320.8% 4.8% 35.5%
EPS CAGR (3Y) 55.0% -3.8% -65.6%
Operating cash flow growth (1Y) 66.8% 5.8% -40.9%
Operating cash flow CAGR (3Y) 23.9% 63.5% -14.8%
Free cash flow growth (1Y) 89.3% 6.0% -77.1%
Free cash flow CAGR (3Y) 31.6% 83.6% -38.9%

Profitability

14 metrics
MetricPBIZBRAXRX
Gross margin 57.0% 49.6% 28.9%
EBITDA margin -23.5% 18.3% -71.1%
Operating margin -29.5% 14.7% -76.3%
Pretax margin 13.5% 12.1% -5.2%
Net margin 10.0% 9.2% -12.4%
FCF margin 22.3% 15.5% 0.9%
Operating cash flow margin 26.0% 16.7% 2.9%
Return on equity – 15.6% -291.7%
Return on assets 6.1% 6.4% -9.4%
Return on invested capital -33.8% 10.6% -1,131%
Return on capital employed -33.1% 19.1% -85.4%
Asset turnover 0.6x 0.7x 0.8x
Cash conversion (OCF / net income) 2.6x 1.8x -0.2x
Stock comp / revenue 0.8% 3.0% 0.5%

Financial Health

11 metrics
MetricPBIZBRAXRX
Debt / assets 67.4% 32.0% 0.8%
Debt / equity -2.4x 0.8x 0.2x
Net debt / EBITDA -4.0x 2.4x 0.1x
Debt / FCF 4.9x 3.1x 1.3x
Liabilities / assets 128.6% 60.2% 96.6%
Equity / assets -28.6% 39.8% 3.4%
Interest coverage -10.3x – -19.0x
Current ratio 0.7x 0.5x 1.2x
Quick ratio 0.3x 0.3x 0.6x
Cash ratio 0.2x 0.0x 0.2x
Altman Z-score 1.48 3.76 -0.74

Shareholder Returns

7 metrics
MetricPBIZBRAXRX
Dividend yield 2.2% – 4.5%
Net buyback yield 20.0% 4.9% –
Shareholder yield 22.2% 4.9% 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.

ConsensusPBIZBRAXRX
Forward P/E 9.7xFY2026 17.1xFY2026 17.1xFY2026
EPS, next fiscal year $1.79FY2026 $22.59FY2026 $0.15FY2026
EPS growth, next FY +32.6%FY2026 +42.6%FY2026 –
EPS growth, the year after +5.0% -4.5% +173.3%
Revenue, next fiscal year $1.77BFY2026 $6.35BFY2026 $7.17BFY2026
Revenue growth, next FY -6.3%FY2026 +17.7%FY2026 +2.1%FY2026
Revenue growth, the year after +10.9% +1.2% +1.3%

Institutional Ownership

13F filings, quarter ended Jun 30, 2026
HoldersPBIZBRAXRX
Held by institutions 88.8% 100.0% 71.2%
Institutions holding 350 644 231
Change in shares held, QoQ +2.6% +4.5% +5.7%
Institutions buying 167 309 130
Institutions selling 119 242 57
Buyers to sellers 1.40 1.28 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.

PBIZBRAXRX
PBI 1.00 0.13 0.21
ZBRA 0.13 1.00 0.26
XRX 0.21 0.26 1.00

Add a Peer

Largest companies in the same industry

Related Comparisons

Frequently Asked Questions

Which is bigger, PBI, ZBRA and XRX?

Zebra Technologies (ZBRA) is the largest by market capitalisation: Pitney Bowes (PBI) $2.36B, Zebra Technologies (ZBRA) $18.31B, Xerox Holdings (XRX) $331.82M.

Which stock is cheaper, PBI, ZBRA and XRX?

Pitney Bowes (PBI) trades on the lowest price-to-earnings ratio (Pitney Bowes (PBI) 12.6x, Zebra Technologies (ZBRA) 34.0x, Xerox Holdings (XRX) -0.4x). On next year's consensus earnings, Pitney Bowes (PBI) is cheapest (Pitney Bowes (PBI) 9.7x, Zebra Technologies (ZBRA) 17.1x, Xerox Holdings (XRX) 17.1x). 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%, Zebra Technologies (ZBRA) +12.7%, Xerox Holdings (XRX) +18.9%.

Which company is more profitable?

Pitney Bowes (PBI) has the highest net margin (Pitney Bowes (PBI) 10.0%, Zebra Technologies (ZBRA) 9.2%, Xerox Holdings (XRX) -12.4%). On return on invested capital, Zebra Technologies (ZBRA) leads (Pitney Bowes (PBI) -33.8%, Zebra Technologies (ZBRA) 10.6%, Xerox Holdings (XRX) -1,131.5%).

Which stock has performed better?

Over the past year Pitney Bowes (PBI) returned the most: Pitney Bowes (PBI) +48.8%, Zebra Technologies (ZBRA) +23.1%, Xerox Holdings (XRX) -26.4%. Over five years, Pitney Bowes (PBI) compounded fastest (Pitney Bowes (PBI) +19.6%/yr, Zebra Technologies (ZBRA) -6.1%/yr, Xerox Holdings (XRX) -34.2%/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%, Zebra Technologies (ZBRA) 0.00%, Xerox Holdings (XRX) 0.12%. Zebra Technologies (ZBRA) pays no regular dividend.

Which stock is riskier?

By one-year price volatility, Pitney Bowes (PBI) has been the steadiest (Pitney Bowes (PBI) 34.3%, Zebra Technologies (ZBRA) 47.2%, Xerox Holdings (XRX) 89.0%). Volatility measures how widely the price swings, not the risk of the business.

Which is the better stock, PBI, ZBRA 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 8. 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.