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Side-by-side financial comparison of Healthcare Realty Trust Inc (HR) and PITNEY BOWES INC (PBI). Click either name above to swap in a different company.

PITNEY BOWES INC is the larger business by last-quarter revenue ($477.6M vs $279.0M, roughly 1.7× Healthcare Realty Trust Inc). PITNEY BOWES INC runs the higher net margin — 5.7% vs -0.0%, a 5.7% gap on every dollar of revenue. On growth, Healthcare Realty Trust Inc posted the faster year-over-year revenue change (5.9% vs -7.5%). Over the past eight quarters, PITNEY BOWES INC's revenue compounded faster (-4.3% CAGR vs -6.1%).

Duke Realty was a real estate investment trust (REIT) based in Indianapolis, Indiana, that invested in industrial properties. As of December 31, 2021, it owned or jointly controlled 548 primarily industrial properties containing 162.7 million rentable square feet. In October 2022, it was acquired by Prologis.

Pitney Bowes is a global technology and logistics company that provides e-commerce shipping, mailing processing, order fulfillment, and customer information management solutions. It serves small, medium, and large enterprise clients across retail, financial services, healthcare, and government sectors worldwide, helping businesses optimize logistics and customer engagement workflows.

HR vs PBI — Head-to-Head

Bigger by revenue
PBI
PBI
1.7× larger
PBI
$477.6M
$279.0M
HR
Growing faster (revenue YoY)
HR
HR
+13.4% gap
HR
5.9%
-7.5%
PBI
Higher net margin
PBI
PBI
5.7% more per $
PBI
5.7%
-0.0%
HR
Faster 2-yr revenue CAGR
PBI
PBI
Annualised
PBI
-4.3%
-6.1%
HR

Income Statement — Q1 FY2026 vs Q4 FY2025

Metric
HR
HR
PBI
PBI
Revenue
$279.0M
$477.6M
Net Profit
$-56.0K
$27.3M
Gross Margin
Operating Margin
8.0%
Net Margin
-0.0%
5.7%
Revenue YoY
5.9%
-7.5%
Net Profit YoY
173.1%
EPS (diluted)
$0.00
$0.18

Green = leading value per metric. Periods may differ when fiscal calendars don't align.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.

Revenue
HR
HR
PBI
PBI
Q1 26
$279.0M
Q4 25
$286.3M
$477.6M
Q3 25
$297.8M
$459.7M
Q2 25
$297.5M
$461.9M
Q1 25
$299.0M
$493.4M
Q4 24
$309.8M
$516.1M
Q3 24
$315.4M
$499.5M
Q2 24
$316.3M
$489.7M
Net Profit
HR
HR
PBI
PBI
Q1 26
$-56.0K
Q4 25
$14.6M
$27.3M
Q3 25
$-57.7M
$52.0M
Q2 25
$-157.9M
$30.0M
Q1 25
$-44.9M
$35.4M
Q4 24
$-108.2M
$-37.4M
Q3 24
$-93.0M
$-138.5M
Q2 24
$-143.8M
$-24.9M
Gross Margin
HR
HR
PBI
PBI
Q1 26
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
53.8%
Q3 24
52.4%
Q2 24
51.1%
Operating Margin
HR
HR
PBI
PBI
Q1 26
Q4 25
8.0%
Q3 25
14.8%
Q2 25
8.5%
Q1 25
9.5%
Q4 24
-9.3%
Q3 24
-8.8%
Q2 24
-1.6%
Net Margin
HR
HR
PBI
PBI
Q1 26
-0.0%
Q4 25
183.4%
5.7%
Q3 25
-19.4%
11.3%
Q2 25
-53.1%
6.5%
Q1 25
-15.0%
7.2%
Q4 24
-1924.1%
-7.2%
Q3 24
-29.5%
-27.7%
Q2 24
-45.5%
-5.1%
EPS (diluted)
HR
HR
PBI
PBI
Q1 26
$0.00
Q4 25
$0.04
$0.18
Q3 25
$-0.17
$0.30
Q2 25
$-0.45
$0.17
Q1 25
$-0.13
$0.19
Q4 24
$-0.34
$-0.21
Q3 24
$-0.26
$-0.75
Q2 24
$-0.39
$-0.14

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
HR
HR
PBI
PBI
Cash + ST InvestmentsLiquidity on hand
$26.2M
$297.1M
Total DebtLower is stronger
$2.0B
Stockholders' EquityBook value
$4.4B
$-802.4M
Total Assets
$9.1B
$3.2B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
HR
HR
PBI
PBI
Q1 26
$26.2M
Q4 25
$26.2M
$297.1M
Q3 25
$43.3M
$336.0M
Q2 25
$25.5M
$300.8M
Q1 25
$25.7M
$340.0M
Q4 24
$68.9M
$486.1M
Q3 24
$22.8M
$575.5M
Q2 24
$41.8M
$612.0M
Total Debt
HR
HR
PBI
PBI
Q1 26
Q4 25
$3.9B
$2.0B
Q3 25
$4.5B
$2.1B
Q2 25
$4.7B
$1.9B
Q1 25
$4.7B
$1.9B
Q4 24
$4.7B
$1.9B
Q3 24
$5.0B
$2.1B
Q2 24
$5.1B
$2.1B
Stockholders' Equity
HR
HR
PBI
PBI
Q1 26
$4.4B
Q4 25
$4.6B
$-802.4M
Q3 25
$4.7B
$-661.5M
Q2 25
$4.8B
$-536.8M
Q1 25
$5.1B
$-535.9M
Q4 24
$5.2B
$-578.4M
Q3 24
$5.5B
$-518.9M
Q2 24
$5.9B
$-427.9M
Total Assets
HR
HR
PBI
PBI
Q1 26
$9.1B
Q4 25
$9.2B
$3.2B
Q3 25
$9.9B
$3.3B
Q2 25
$10.2B
$3.2B
Q1 25
$10.5B
$3.3B
Q4 24
$10.7B
$3.4B
Q3 24
$11.2B
$3.6B
Q2 24
$11.8B
$4.1B
Debt / Equity
HR
HR
PBI
PBI
Q1 26
Q4 25
0.85×
Q3 25
0.96×
Q2 25
0.97×
Q1 25
0.93×
Q4 24
0.89×
Q3 24
0.90×
Q2 24
0.87×

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
HR
HR
PBI
PBI
Operating Cash FlowLast quarter
$221.7M
Free Cash FlowOCF − Capex
$201.4M
FCF MarginFCF / Revenue
42.2%
Capex IntensityCapex / Revenue
9.7%
4.2%
Cash ConversionOCF / Net Profit
8.11×
TTM Free Cash FlowTrailing 4 quarters
$317.0M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
HR
HR
PBI
PBI
Q1 26
Q4 25
$457.1M
$221.7M
Q3 25
$113.8M
$66.8M
Q2 25
$163.2M
$111.4M
Q1 25
$47.8M
$-16.7M
Q4 24
$501.6M
$134.5M
Q3 24
$119.3M
$14.7M
Q2 24
$168.2M
$92.6M
Free Cash Flow
HR
HR
PBI
PBI
Q1 26
Q4 25
$201.4M
Q3 25
$51.1M
Q2 25
$98.0M
Q1 25
$-33.6M
Q4 24
$112.3M
Q3 24
$-4.7M
Q2 24
$76.1M
FCF Margin
HR
HR
PBI
PBI
Q1 26
Q4 25
42.2%
Q3 25
11.1%
Q2 25
21.2%
Q1 25
-6.8%
Q4 24
21.8%
Q3 24
-0.9%
Q2 24
15.5%
Capex Intensity
HR
HR
PBI
PBI
Q1 26
9.7%
Q4 25
4.2%
Q3 25
3.4%
Q2 25
2.9%
Q1 25
3.4%
Q4 24
4.3%
Q3 24
3.9%
Q2 24
3.4%
Cash Conversion
HR
HR
PBI
PBI
Q1 26
Q4 25
31.33×
8.11×
Q3 25
1.29×
Q2 25
3.72×
Q1 25
-0.47×
Q4 24
Q3 24
Q2 24

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

HR
HR

Rental income$267.6M96%
Other$11.4M4%

PBI
PBI

Sales And Services$218.4M46%
Presort Services$159.7M33%
Financing And Other$79.0M17%
Other$20.5M4%

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