PBI vs. NET

Last updated Apr 1, 2026

Compare and contrast key facts about Pitney Bowes Inc. (PBI) and Cloudflare, Inc. (NET).

Performance

PBI vs. NET - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Pitney Bowes Inc. (PBI) and Cloudflare, Inc. (NET). The values are adjusted to include any dividend payments, if applicable.

PBI vs. NET - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019
PBI Pitney Bowes Inc.	5.42%	50.42%	70.63%	22.24%	-39.71%	10.34%	60.75%	-9.33%
NET Cloudflare, Inc.	4.66%	83.09%	29.33%	84.16%	-65.62%	73.05%	345.43%	-5.22%

Fundamentals

Market Cap PBI : $1.74B NET : $72.44B
EPS PBI : $0.84 NET : -$0.29
PS Ratio PBI : 1.01 NET : 33.02
Total Revenue (TTM) PBI : $1.89B NET : $2.17B
Gross Profit (TTM) PBI : $1.02B NET : $1.62B
EBITDA (TTM) PBI : $459.48M NET : $41.60M

Returns By Period

In the year-to-date period, PBI achieves a 5.42% return, which is significantly higher than NET's 4.66% return.

PBI

• 1D: 1.75%
• 1M: 2.98%
• YTD: 5.42%
• 6M: -1.40%
• 1Y: 26.14%
• 3Y*: 47.25%
• 5Y*: 10.18%
• 10Y*: -1.93%

NET

• 1D: 6.02%
• 1M: 19.83%
• YTD: 4.66%
• 6M: -3.84%
• 1Y: 83.10%
• 3Y*: 49.58%
• 5Y*: 23.51%
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

Return for Risk

PBI vs. NET — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

PBI

PBI Risk / Return Rank: 61
PBI Sharpe Ratio Rank: 66
PBI Sortino Ratio Rank: 60
PBI Omega Ratio Rank: 60
PBI Calmar Ratio Rank: 61
PBI Martin Ratio Rank: 59

NET

NET Risk / Return Rank: 81
NET Sharpe Ratio Rank: 86
NET Sortino Ratio Rank: 82
NET Omega Ratio Rank: 80
NET Calmar Ratio Rank: 80
NET Martin Ratio Rank: 78

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

PBI vs. NET - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Pitney Bowes Inc. (PBI) and Cloudflare, Inc. (NET). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

	PBI	NET	Difference
Sharpe ratio Return per unit of total volatility	0.68	1.59	-0.91
Sortino ratio Return per unit of downside risk	1.17	2.16	-0.99
Omega ratio Gain probability vs. loss probability	1.16	1.28	-0.12
Calmar ratio Return relative to maximum drawdown	0.80	2.16	-1.36
Martin ratio Return relative to average drawdown	1.69	5.20	-3.51
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

PBI vs. NET - Sharpe Ratio Comparison

The current PBI Sharpe Ratio is 0.68, which is lower than the NET Sharpe Ratio of 1.59. The chart below compares the historical Sharpe Ratios of PBI and NET, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	PBI	NET	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.68	1.59	-0.91
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.19	0.35	-0.16
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	-0.03	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.17	0.68	-0.50

Correlation

The correlation between PBI and NET is 0.21, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.

Dividends

PBI vs. NET - Dividend Comparison

PBI's dividend yield for the trailing twelve months is around 2.99%, while NET has not paid dividends to shareholders.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
PBI Pitney Bowes Inc.	2.99%	2.84%	2.76%	4.55%	5.26%	3.02%	3.25%	4.96%	12.69%	6.71%	4.94%	3.63%
NET Cloudflare, Inc.	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Drawdowns

PBI vs. NET - Drawdown Comparison

The maximum PBI drawdown since its inception was -93.07%, which is greater than NET's maximum drawdown of -82.58%. Use the drawdown chart below to compare losses from any high point for PBI and NET.

Drawdown Indicators

	PBI	NET	Difference
Max Drawdown Largest peak-to-trough decline	-93.07%	-82.58%	-10.49%
Max Drawdown (1Y) Largest decline over 1 year	-28.28%	-36.76%	+8.48%
Max Drawdown (5Y) Largest decline over 5 years	-74.70%	-82.58%	+7.88%
Max Drawdown (10Y) Largest decline over 10 years	-89.32%	—	—
Current Drawdown Current decline from peak	-46.98%	-18.54%	-28.44%
Average Drawdown Average peak-to-trough decline	-32.91%	-38.20%	+5.29%
Ulcer Index Depth and duration of drawdowns from previous peaks	13.47%	15.30%	-1.83%

Volatility

PBI vs. NET - Volatility Comparison

The current volatility for Pitney Bowes Inc. (PBI) is 10.47%, while Cloudflare, Inc. (NET) has a volatility of 14.82%. This indicates that PBI experiences smaller price fluctuations and is considered to be less risky than NET based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	PBI	NET	Difference
Volatility (1M) Calculated over the trailing 1-month period	10.47%	14.82%	-4.35%
Volatility (6M) Calculated over the trailing 6-month period	24.99%	39.57%	-14.58%
Volatility (1Y) Calculated over the trailing 1-year period	38.75%	52.62%	-13.87%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	52.98%	67.28%	-14.30%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	64.80%	66.98%	-2.18%

Financials

PBI vs. NET - Profitability Comparison

The chart below illustrates the profitability comparison between Pitney Bowes Inc. and Cloudflare, Inc. over time, highlighting three key metrics: Gross Profit Margin, Operating Margin, and Net Profit Margin.

PBI - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Apr 2026, Pitney Bowes Inc. reported a gross profit of 262.94M and revenue of 477.63M. Therefore, the gross margin over that period was 55.1%.

NET - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Apr 2026, Cloudflare, Inc. reported a gross profit of 452.55M and revenue of 614.51M. Therefore, the gross margin over that period was 73.6%.

PBI - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Apr 2026, Pitney Bowes Inc. reported an operating income of 118.48M and revenue of 477.63M, resulting in an operating margin of 24.8%.

NET - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Apr 2026, Cloudflare, Inc. reported an operating income of -49.23M and revenue of 614.51M, resulting in an operating margin of -8.0%.

PBI - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Apr 2026, Pitney Bowes Inc. reported a net income of 27.34M and revenue of 477.63M, resulting in a net margin of 5.7%.

NET - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Apr 2026, Cloudflare, Inc. reported a net income of -12.08M and revenue of 614.51M, resulting in a net margin of -2.0%.