The Filing Desk

HNI vs Pitney Bowes

HNI HNI · Pitney Bowes PBI · Office Services & Supplies

HNI reported revenue of $2.8 billion in fiscal 2025, 1.5 times Pitney Bowes' $1.9 billion in fiscal 2025. HNI's revenue grew 12.4% in its latest year, and Pitney Bowes' fell 6.6%. Free cash flow was $208 million at HNI and $317 million at Pitney Bowes. Their fiscal years end in different months (January 3 and December 31), so the periods don't line up exactly.

Side by side

HNIPitney Bowes
Latest fiscal yearFY2025, Jan 3, 2026FY2025, Dec 31, 2025
Revenue$2.8B$1.9B
Revenue growth12.4%−6.6%
Revenue growth a year, last 5 years7.7%−11.8%
Gross margin41.4%—
Operating margin4.4%—
Net margin1.9%7.7%
Free cash flow$208M$317M
Free cash flow margin7.3%16.8%
Return on capital3.7%27.7%
Net debt to EBITDA4.7x3.9x
Dividends and buybacks$147M$430M
Change in diluted share count0.8%−5.2%
Last close$47.26$15.55
P/E at the last close157.5×12.0×
Insider trades, last 12 monthssold $4.8 millionbought $104,085, sold $90.0 million
Piotroski F-score6 of 96 of 8
Amounts in each company's own currency, US$ unless marked (a foreign company may report in another), each company's latest fiscal year from its 10-K, or 20-F or 40-F for a foreign company. Growth rates compare with the year before; the five-year rate is the average a year. Free cash flow is cash from operations minus capital spending; return on capital is after-tax operating income over the money invested in the business; P/E is the last close over the latest earnings per share. Banks are measured differently (return on equity, efficiency ratio), so some rows apply to one company only.

Ten years

Revenue
US$ billions, fiscal years
HNIPitney Bowes
Operating margin
Percent of revenue
HNIPitney Bowes
Free cash flow
US$ billions. Cash from operations minus capital expenditure.
HNIPitney Bowes

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Source: the companies' Form 10-K filings, from SEC EDGAR, and the last close. For information only, not investment advice: the figures describe results, not which company is the better investment. The Filing Desk is not affiliated with either company. Full figures on the HNI and Pitney Bowes pages.