Quad/Graphics, Inc.(QUAD)Earnings, Financials & Key Ratios

QUAD•NYSE

$7.45

$389M mkt cap·13.8× P/E·Price updated May 6, 2026

SectorIndustrials IndustryBusiness Services Sub-IndustryMarketing, Printing and Investor Communications

AboutQuad/Graphics, Inc. provides marketing solutions worldwide. The company operates through United States Print and Related Services, and International segments. It offers printing services, such as retail inserts, publications, catalogs, special interest publications, journals, direct mail, directories, in-store marketing and promotion, packaging, newspapers, custom print products, and other commercial and specialty printed products; and paper procurement services. The company also provides marketing and other services, including consumer insights, audience targeting, personalization, media planning and placement, process optimization, campaign planning and creation, pre-media production, videography, photography, digital and print execution, and logistics, as well as manufactures ink. It serves blue chip companies that operate in various industries, and serve businesses and consumers comprising retailers, publishers, and direct marketers. The company was founded in 1971 and is headquartered in Sussex, Wisconsin.Show more

Revenue$2.42B-9.4%
EBITDA$197M-14.0%
Net Income$27M+153.0%
EPS (Diluted)0.54+150.5%
Gross Margin18.38%+2.2%
EBITDA Margin8.16%-5.1%
Operating Margin4.91%+3.2%
Net Margin1.12%+158.6%
ROE30.25%+150.3%
ROIC17.92%+10.6%
Debt/Equity3.45-62.9%
Interest Coverage2.35+720.2%

Technical→

QUAD Key Insights

Quad/Graphics, Inc. (QUAD) fundamental analysis — strengths, weaknesses & financial health based on data analysis

✓Strengths

✓Strong Piotroski F-Score: 7/9
✓Momentum leader: RS Rating 83 (top 17%)
✓High quality earnings: Operating CF exceeds net income
✓Healthy dividend yield of 3.9%
✓Efficient asset utilization: 1.9x turnover

✗Weaknesses

✗High debt to equity ratio of 3.5x

* These insights are generated automatically based on available financial data. Please conduct your own research before making investment decisions.

QUAD Price & Volume

Quad/Graphics, Inc. (QUAD) stock price & volume — 10-year historical chart

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QUAD Growth Metrics

Quad/Graphics, Inc. (QUAD) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR

Revenue CAGR

10 Years-6.38%

5 Years-3.75%

3 Years-9.05%

TTM-10.4%

Profit CAGR

10 Years-

5 Years-

3 Years42.66%

TTM261.18%

EPS CAGR

10 Years-

5 Years-

3 Years44.22%

TTM248.02%

Return on Capital

10 Years11.81%

5 Years13.99%

3 Years16.92%

Last Year19.33%

QUAD Recent Earnings

Quad/Graphics, Inc. (QUAD) EPS & revenue vs analyst estimates — last 4 quarters

Full history →

●Beat EPS 10/12 qtrs (83%)●Beat Revenue 3/12 qtrs (25%)

Q2 2026Latest

Apr 28, 2026

EPS

$0.25

Est $0.22

+13.6%

Revenue

$581M

Est $581M

-0.0%

Q1 2026

Feb 17, 2026

EPS

$0.36

Est $0.36

+0.0%

Revenue

$631M

Est $633M

-0.4%

Q4 2025

Oct 28, 2025

EPS

$0.31

Est $0.27

+14.8%

Revenue

$588M

Est $633M

-7.1%

Q3 2025

Jul 29, 2025

EPS

$0.14

Est $0.12

+16.7%

Revenue

$572M

Est $605M

-5.4%

Quarter	Date	EPS (Act vs Est)	Revenue (Act vs Est)
Q2 2026Latest	Apr 28, 2026	$0.25vs $0.22+13.6%	$581Mvs $581M-0.0%
Q1 2026	Feb 17, 2026	$0.36vs $0.36+0.0%	$631Mvs $633M-0.4%
Q4 2025	Oct 28, 2025	$0.31vs $0.27+14.8%	$588Mvs $633M-7.1%
Q3 2025	Jul 29, 2025	$0.14vs $0.12+16.7%	$572Mvs $605M-5.4%

Based on last 12 quarters of dataView full earnings history →

Company	Market Cap	Stock Price	P/E Ratio (TTM)	Revenue Growth 1Y	Net Margin	Return on Equity (ROE)	Debt / Equity
SRPTSarepta Therapeutics, Inc.Direct Competitor	2.42B	23.03	-3.23	15.58%	2.98%	4.89%	0.91
ACCOACCO Brands CorporationDirect Competitor	371.8M	4.03	9.16	-8.49%	4.76%	11.26%	1.39
ENVAEnova International, Inc.Direct Competitor	4.3B	172.57	14.90	18.58%		24.88%	3.41
EBFEnnis, Inc.Direct Competitor	611.59M	20.35	13.21	-6.07%	10.86%	13.81%	0.03
TRMKTrustmark CorporationProduct Competitor	2.64B	44.92	12.14	34.75%		10.77%	0.53
GCIGannett Co., Inc.Product Competitor	876.77M	5.96	-33.11	-5.79%	4.11%	49.68%	8.43
NYTThe New York Times CompanyProduct Competitor	13.55B	83.66	40.03	9.24%	13.18%	19.22%	0.02
SSPThe E.W. Scripps CompanyProduct Competitor	433.96M	4.93	-2.64	-14.31%	-7.65%	-13.2%	0.01

Compare QUAD vs Peers

Quad/Graphics, Inc. (QUAD) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.

Closest Rival

vs SRPT

Most directly comparable listed peer for QUAD.

Scale Benchmark

vs ESLT

Larger-name benchmark to compare QUAD against a more recognizable public peer.

Peer Set

Compare Top 5

vs SRPT, ACCO, ENVA, EBF

QUAD Income Statement

Quad/Graphics, Inc. (QUAD) annual income statement — 10-year revenue, gross profit & net income history

10Y historyFree accessUpdated daily

Line item	Dec'17	Dec'18	Dec'19	Dec'20	Dec'21	Dec'22	Dec'23	Dec'24	Dec'25	TTM
Sales/Revenue	4.13B	4.19B	3.92B	2.93B	2.96B	3.22B	2.96B	2.67B	2.42B	2.37B
Revenue Growth %	-4.58%	1.51%	-6.45%	-25.33%	1.05%	8.67%	-8.06%	-9.65%	-9.44%	-10.4%
Cost of Goods Sold	3.48B	3.43B	3.4B	2.51B	2.54B	2.76B	2.51B	2.19B	1.98B	1.93B
COGS % of Revenue	84.3%	81.85%	86.61%	85.79%	85.94%	85.69%	84.76%	82.01%	81.62%	-
Gross Profit	648.5M▲ 0%	553.1M▼ 14.7%	525.3M▼ 5.0%	416.2M▼ 20.8%	416.3M▲ 0.0%	460.2M▲ 10.5%	450.8M▼ 2.0%	480.7M▲ 6.6%	444.7M▼ 7.5%	439.5M▲ 0%
Gross Margin %	15.7%	13.19%	13.39%	14.21%	14.06%	14.31%	15.24%	17.99%	18.38%	18.53%
Gross Profit Growth %	-2.76%	-14.71%	-5.03%	-20.77%	0.02%	10.55%	-2.04%	6.63%	-7.49%	-
Operating Expenses	432.8M	360.9M	402.4M	333.9M	326.2M	359.8M	352M	353.6M	325.9M	320.8M
OpEx % of Revenue	10.48%	8.61%	10.26%	11.4%	11.02%	11.18%	11.9%	13.23%	13.47%	-
Selling, General & Admin	423.8M	357.3M	398.8M	330.9M	323.1M	356.5M	348.9M	350.4M	325.9M	320.8M
SG&A % of Revenue	10.26%	8.52%	10.16%	11.3%	10.91%	11.08%	11.8%	13.11%	13.47%	-
Research & Development	9M	3.6M	3.6M	3M	3.1M	3.3M	3.1M	3.2M	0	0
R&D % of Revenue	0.22%	0.09%	0.09%	0.1%	0.1%	0.1%	0.1%	0.12%	-	-
Other Operating Expenses	0	0	0	0	0	0	0	0	0	0
Operating Income	215.7M▲ 0%	192.2M▼ 10.9%	122.9M▼ 36.1%	82.3M▼ 33.0%	90.1M▲ 9.5%	100.4M▲ 11.4%	98.8M▼ 1.6%	127.1M▲ 28.6%	118.8M▼ 6.5%	118.7M▲ 0%
Operating Margin %	5.22%	4.58%	3.13%	2.81%	3.04%	3.12%	3.34%	4.76%	4.91%	5.01%
Operating Income Growth %	3.21%	-10.89%	-36.06%	-33.03%	9.48%	11.43%	-1.59%	28.64%	-6.53%	-
EBITDA	448.2M	407.1M	332.4M	263.9M	247.4M	241.7M	227.6M	229.6M	197.4M	196M
EBITDA Margin %	10.85%	9.71%	8.47%	9.01%	8.36%	7.51%	7.7%	8.59%	8.16%	8.26%
EBITDA Growth %	-7.8%	-9.17%	-18.35%	-20.61%	-6.25%	-2.3%	-5.83%	0.88%	-14.02%	-10.38%
D&A (Non-Cash Add-back)	232.5M	214.9M	209.5M	181.6M	157.3M	141.3M	128.8M	102.5M	78.6M	77.3M
EBIT	162.3M	99.9M	9.4M	-31.2M	108.8M	71.7M	21.8M	18.5M	118.8M	101.5M
Net Interest Income	-70.9M	-73.2M	-90M	-68.8M	-59.6M	-48.4M	-70M	-64.5M	-50.5M	-48.1M
Interest Income	200K	0	0	0	0	0	0	0	0	0
Interest Expense	71.1M	73.3M	90M	68.8M	59.6M	48.4M	70M	64.5M	50.5M	48.1M
Other Income/Expense	-124.5M	-164.7M	-203M	-188.6M	-42.8M	-82.7M	-141.4M	-171.6M	-86.3M	-85.1M
Pretax Income	91.2M▲ 0%	27.5M▼ 69.8%	-80.1M▼ 391.3%	-106.3M▼ 32.7%	47.3M▲ 144.5%	17.7M▼ 62.6%	-42.6M▼ 340.7%	-44.5M▼ 4.5%	32.5M▲ 173.0%	33.6M▲ 0%
Pretax Margin %	2.21%	0.66%	-2.04%	-3.63%	1.6%	0.55%	-1.44%	-1.67%	1.34%	1.42%
Income Tax	-16M	-9.8M	-24.4M	300K	9.5M	8.4M	12.8M	6.4M	5.5M	6.2M
Effective Tax Rate %	-17.54%	-35.64%	30.46%	-0.28%	20.08%	47.46%	-30.05%	-14.38%	16.92%	18.45%
Net Income	107.2M▲ 0%	8.5M▼ 92.1%	-55.4M▼ 751.8%	-128.3M▼ 131.6%	37.8M▲ 129.5%	9.3M▼ 75.4%	-55.4M▼ 695.7%	-50.9M▲ 8.1%	27M▲ 153.0%	27.4M▲ 0%
Net Margin %	2.59%	0.2%	-1.41%	-4.38%	1.28%	0.29%	-1.87%	-1.9%	1.12%	1.16%
Net Income Growth %	138.75%	-92.07%	-751.76%	-131.59%	129.46%	-75.4%	-695.7%	8.12%	153.05%	261.18%
Net Income (Continuing)	118.1M	29.9M	-55.4M	-106.6M	37.8M	9.3M	-55.4M	-50.9M	27M	27.4M
Discontinued Operations	0	0	-100.6M	-21.9M	0	0	0	0	0	0
Minority Interest	0	17.7M	17.7M	700K	0	0	0	0	0	0
EPS (Diluted)	2.07▲ 0%	0.16▼ 92.3%	-1.11▼ 793.8%	-2.53▼ 128.3%	0.71▲ 128.0%	0.18▼ 74.6%	-1.14▼ 733.3%	-1.07▲ 6.1%	0.54▲ 150.5%	0.55▲ 0%
EPS Growth %	130%	-92.27%	-793.75%	-128.25%	128.02%	-74.65%	-733.33%	6.14%	150.47%	248.02%
EPS (Basic)	2.16	0.17	-1.11	-2.53	0.74	0.18	-1.14	-1.07	0.57	-
Diluted Shares Outstanding	51.8M	51.6M	50M	50.6M	53M	52.5M	48.4M	47.6M	49.9M	49.6M
Basic Shares Outstanding	49.6M	49.8M	50M	50.6M	51.3M	50.7M	48.4M	47.6M	47.6M	47.7M
Dividend Payout Ratio	58.3%	740%	-	-	3.7%	15.05%	-	-	53.33%	-

QUAD Balance Sheet

Quad/Graphics, Inc. (QUAD) balance sheet — assets, liabilities & shareholders' equity

Line item	Dec'17	Dec'18	Dec'19	Dec'20	Dec'21	Dec'22	Dec'23	Dec'24	Dec'25	TTM
Total Current Assets	908.5M	946.6M	910.9M	679.2M	809.1M	704.5M	587.7M	534.3M	538.4M	522.6M
Cash & Short-Term Investments	64.3M	69.5M	78.7M	55.2M	179.9M	25.2M	52.9M	29.2M	63.3M	7M
Cash Only	64.3M	69.5M	78.7M	55.2M	179.9M	25.2M	52.9M	29.2M	63.3M	7M
Short-Term Investments	0	0	0	0	0	0	0	0	0	0
Accounts Receivable	552.5M	497.6M	456.1M	399.1M	362M	372.6M	316.2M	273.2M	294.8M	311.6M
Days Sales Outstanding	48.81	43.31	42.43	49.72	44.63	42.28	39.02	37.32	44.47	46.54
Inventory	246.5M	300.6M	210.5M	170.2M	226.2M	260.7M	178.8M	162.4M	143.5M	164.7M
Days Inventory Outstanding	25.83	31.96	22.61	24.72	32.45	34.52	26.03	27.05	26.52	30.17
Other Current Assets	2.1M	55.3M	115.9M	0	0	46M	39.8M	69.5M	36.8M	39.3M
Total Non-Current Assets	1.54B	1.52B	1.51B	1.25B	1.08B	997.3M	922M	764.7M	714.5M	708.3M
Property, Plant & Equipment	1.38B	1.26B	1.13B	965.2M	852.7M	783.2M	717.2M	578.6M	529.6M	523.4M
Fixed Asset Turnover	3.00x	3.34x	3.46x	3.04x	3.47x	4.11x	4.12x	4.62x	4.57x	4.38x
Goodwill	0	54.6M	103M	103M	86.4M	86.4M	103M	100.3M	107.6M	107.6M
Intangible Assets	43.4M	112.6M	137.2M	104.3M	75.3M	46.9M	21.8M	7.2M	13.7M	12.5M
Long-Term Investments	3.6M	4M	3.6M	2.6M	-11.8M	0	0	0	0	15.2M
Other Non-Current Assets	77.4M	61.8M	125.2M	73.4M	66.5M	71.5M	80M	78.6M	63.6M	241.1M
Total Assets	2.45B▲ 0%	2.47B▲ 0.7%	2.42B▼ 2.1%	1.93B▼ 20.2%	1.89B▼ 2.0%	1.7B▼ 10.0%	1.51B▼ 11.3%	1.3B▼ 14.0%	1.25B▼ 3.5%	1.23B▲ 0%
Asset Turnover	1.68x	1.70x	1.62x	1.52x	1.57x	1.89x	1.96x	2.06x	1.93x	1.90x
Asset Growth %	-4.58%	0.68%	-2.11%	-20.25%	-1.96%	-9.96%	-11.29%	-13.96%	-3.55%	-22.8%
Total Current Liabilities	745.9M	851.3M	813.4M	682.7M	957.1M	795.4M	790.8M	698.7M	624.2M	554.3M
Accounts Payable	381.6M	496.3M	416.7M	320M	367.3M	456.6M	373.6M	356.7M	342M	317.5M
Days Payables Outstanding	39.99	52.77	44.76	46.47	52.7	60.45	54.4	59.41	63.2	58.59
Short-Term Debt	42M	42.9M	77.9M	20.7M	245.6M	89.7M	151.7M	28M	70.5M	73M
Deferred Revenue (Current)	-5.6M	-5.1M	0	52.9M	66.4M	53.1M	35.6M	44.7M	0	0
Other Current Liabilities	164.6M	184.7M	276M	229M	119.1M	167M	181.7M	129.6M	211.7M	163.8M
Current Ratio	1.22x	1.11x	1.12x	0.99x	0.85x	0.89x	0.74x	0.76x	0.86x	0.86x
Quick Ratio	0.89x	0.76x	0.86x	0.75x	0.61x	0.56x	0.52x	0.53x	0.63x	0.63x
Cash Conversion Cycle	34.65	22.5	20.28	27.97	24.39	16.34	10.66	4.96	7.78	18.13
Total Non-Current Liabilities	1.18B	1.16B	1.36B	1.16B	796.1M	733.5M	599.4M	550.4M	500.1M	550M
Long-Term Debt	903.5M	882.6M	1.06B	902.7M	554.9M	506.7M	362.5M	349.1M	322.9M	430.4M
Capital Lease Obligations	13.7M	10.3M	76.4M	56.5M	101.2M	88.7M	83.2M	62.6M	50.6M	108.8M
Deferred Tax Liabilities	41.9M	32.1M	2.8M	4.2M	11.9M	9.3M	5.1M	3.2M	4M	15.9M
Other Non-Current Liabilities	225M	232.6M	221.7M	194.2M	126M	127.6M	147.7M	135.4M	122.5M	513.6M
Total Liabilities	1.93B	2.01B	2.17B	1.84B	1.75B	1.53B	1.39B	1.25B	1.12B	1.1B
Total Debt	964.8M	940.9M	1.25B	1.01B	931.6M	713.7M	625.3M	464.6M	444M	503.4M
Net Debt	900.5M	871.4M	1.17B	955.9M	751.7M	688.5M	572.4M	435.4M	380.7M	496.4M
Debt / Equity	1.85x	2.04x	5.12x	11.92x	6.81x	4.13x	5.23x	9.31x	3.45x	3.45x
Debt / EBITDA	2.15x	2.31x	3.76x	3.83x	3.77x	2.95x	2.75x	2.02x	2.25x	2.57x
Net Debt / EBITDA	2.01x	2.14x	3.53x	3.62x	3.04x	2.85x	2.51x	1.90x	1.93x	1.93x
Interest Coverage	2.28x	1.36x	0.10x	-0.45x	1.83x	1.48x	0.31x	0.29x	2.35x	2.11x
Total Equity	522.4M▲ 0%	460.2M▼ 11.9%	244.3M▼ 46.9%	84.8M▼ 65.3%	136.8M▲ 61.3%	172.9M▲ 26.4%	119.5M▼ 30.9%	49.9M▼ 58.2%	128.6M▲ 157.7%	126.6M▲ 0%
Equity Growth %	18.32%	-11.91%	-46.91%	-65.29%	61.32%	26.39%	-30.88%	-58.24%	157.72%	302.53%
Book Value per Share	10.08	8.92	4.89	1.68	2.58	3.29	2.47	1.05	2.58	2.55
Total Shareholders' Equity	522.4M	442.5M	226.6M	84.1M	136.8M	172.9M	119.5M	49.9M	128.6M	126.6M
Common Stock	1.4M	1.4M	1.4M	1.4M	1.4M	1.4M	1.4M	1.4M	1.4M	1.4M
Retained Earnings	-162.9M	-211.4M	-423.5M	-566M	-527.8M	-518.5M	-573.9M	-635.1M	-623.2M	-622.1M
Treasury Stock	-52.8M	-56.6M	-31.5M	-13.1M	-14.9M	-23.5M	-33.1M	-28M	-36.3M	-34.5M
Accumulated OCI	-124.4M	-152.2M	-167.2M	-171.3M	-161.2M	-128.3M	-117.6M	-131.2M	-59.5M	-59M
Minority Interest	0	17.7M	17.7M	700K	0	0	0	0	0	0

QUAD Cash Flow Statement

Quad/Graphics, Inc. (QUAD) cash flow — operating, investing & free cash flow history

Line item	Dec'17	Dec'18	Dec'19	Dec'20	Dec'21	Dec'22	Dec'23	Dec'24	Dec'25	TTM
Cash from Operations	344M	260.6M	155.5M	190.2M	136.5M	154.6M	147.6M	112.9M	95.9M	95.9M
Operating CF Margin %	8.33%	6.21%	3.96%	6.49%	4.61%	4.81%	4.99%	4.23%	3.96%	-
Operating CF Growth %	-2.41%	-24.24%	-40.33%	22.32%	-28.23%	13.26%	-4.53%	-23.51%	-15.06%	651.98%
Net Income	107.2M	7.9M	-156.3M	-128.3M	37.8M	9.3M	-55.4M	-50.9M	27M	27.4M
Depreciation & Amortization	232.5M	230.7M	223.1M	184.2M	157.3M	141.3M	128.8M	102.5M	78.6M	77.3M
Stock-Based Compensation	16.4M	15.6M	13.6M	10.6M	6.2M	6M	5.6M	7.3M	6.6M	4.8M
Deferred Taxes	-22.5M	-14.5M	-57.1M	0	5.3M	2.4M	-3.7M	-2M	600K	0
Other Non-Cash Items	14.7M	15.2M	128.7M	32.4M	-46.8M	25.2M	16.3M	49.9M	1.7M	-131.6M
Working Capital Changes	-4.3M	5.7M	3.5M	91.3M	-23.3M	-29.6M	56M	6.1M	-18.6M	113.3M
Change in Receivables	8.7M	49.4M	57.1M	72.8M	12.7M	-18.6M	65M	14.8M	-4M	0
Change in Inventory	13.1M	-54.3M	61.3M	45.8M	-58.3M	-41.1M	90.3M	2.4M	24M	0
Change in Payables	9.9M	24.9M	-96.1M	0	0	0	-106.7M	7.2M	-31.1M	0
Cash from Investing	-37.3M	-120.5M	-208.1M	9.7M	129.4M	-60.5M	-46.4M	12.7M	-27.7M	-28.6M
Capital Expenditures	-85.9M	-96.3M	-111M	-61M	-50M	-60.3M	-70.8M	-57.2M	-45.2M	-47.2M
CapEx % of Revenue	2.08%	2.3%	2.83%	2.08%	1.69%	1.87%	2.39%	2.14%	1.87%	-
Acquisitions	14.1M	-71.4M	-109.9M	-2.2M	38.3M	-5.9M	-1.5M	0	-16.3M	8M
Investments	-	-	-	-	-	-	-	-	-	-
Other Investing	34.5M	47.2M	12.8M	72.9M	141.1M	5.7M	25.9M	51.8M	33.8M	10.6M
Cash from Financing	-251.7M	-133.5M	61.8M	-223.6M	-140.9M	-248.7M	-73.6M	-149.1M	-36.1M	-64.1M
Debt Issued (Net)	-173M	-29.1M	151M	-185.4M	-122M	-234.2M	-58.6M	-133M	-10.1M	-38.1M
Equity Issued (Net)	-3.8M	-32.5M	0	-1M	0	-10M	-12.6M	-2.1M	-8M	-5.8M
Dividends Paid	-62.5M	-62.9M	-57.1M	-9.5M	-1.4M	-1.4M	-100K	-9.4M	-14.4M	-16.4M
Share Repurchases	-3.8M	-36.7M	-6.6M	-1M	0	-10M	-12.6M	-2.1M	-8M	-5.8M
Other Financing	-12.4M	-9M	-32.1M	-27.7M	-17.5M	-3.1M	-2.3M	-4.6M	-3.6M	-3.8M
Net Change in Cash	55.3M▲ 0%	5.1M▼ 90.8%	9.2M▲ 80.4%	-23.5M▼ 355.4%	124.7M▲ 630.6%	-154.7M▼ 224.1%	27.7M▲ 117.9%	-23.7M▼ 185.6%	34.1M▲ 243.9%	-1.1M▲ 0%
Free Cash Flow	258.1M▲ 0%	164.3M▼ 36.3%	44.5M▼ 72.9%	129.2M▲ 190.3%	86.5M▼ 33.0%	94.3M▲ 9.0%	76.8M▼ 18.6%	55.7M▼ 27.5%	50.7M▼ 9.0%	44M▲ 0%
FCF Margin %	6.25%	3.92%	1.13%	4.41%	2.92%	2.93%	2.6%	2.08%	2.1%	1.86%
FCF Growth %	4.75%	-36.34%	-72.92%	190.34%	-33.05%	9.02%	-18.56%	-27.47%	-8.98%	72.55%
FCF per Share	4.98	3.18	0.89	2.55	1.63	1.80	1.59	1.17	1.02	1.02
FCF Conversion (FCF/Net Income)	3.21x	30.66x	-2.81x	-1.48x	3.61x	16.62x	-2.66x	-2.22x	3.55x	1.61x
Interest Paid	0	0	0	52.3M	41.8M	44M	55.9M	0	0	0
Taxes Paid	0	0	0	0	4.3M	6.2M	12.2M	0	0	0

QUAD Key Ratios

Quad/Graphics, Inc. (QUAD) financial ratios — P/E, ROE, debt and 30+ core market and balance-sheet ratios

Metric	2017	2018	2019	2020	2021	2022	2023	2024	2025	TTM
Return on Equity (ROE)	22.24%	1.73%	-15.73%	-77.97%	34.12%	6.01%	-37.89%	-60.09%	30.25%	24.97%
Return on Invested Capital (ROIC)	10.82%	10.47%	6.71%	5.02%	7.01%	8.61%	9.54%	16.2%	17.92%	17.92%
Gross Margin	15.7%	13.19%	13.39%	14.21%	14.06%	14.31%	15.24%	17.99%	18.38%	18.53%
Net Margin	2.59%	0.2%	-1.41%	-4.38%	1.28%	0.29%	-1.87%	-1.9%	1.12%	1.16%
Debt / Equity	1.85x	2.04x	5.12x	11.92x	6.81x	4.13x	5.23x	9.31x	3.45x	3.45x
Interest Coverage	2.28x	1.36x	0.10x	-0.45x	1.83x	1.48x	0.31x	0.29x	2.35x	2.11x
FCF Conversion	3.21x	30.66x	-2.81x	-1.48x	3.61x	16.62x	-2.66x	-2.22x	3.55x	1.61x
Revenue Growth	-4.58%	1.51%	-6.45%	-25.33%	1.05%	8.67%	-8.06%	-9.65%	-9.44%	-10.4%

QUAD SEC Filings & Documents

Quad/Graphics, Inc. (QUAD) SEC filings — annual & quarterly reports (10-K, 10-Q)

8-K Announcements

Material company update

Apr 28, 2026·SEC

Material company update

Feb 17, 2026·SEC

Material company update

Feb 17, 2026·SEC

10-K Annual Reports

FY 2026

Feb 18, 2026·SEC

FY 2025

Feb 21, 2025·SEC

FY 2024

Feb 22, 2024·SEC

10-Q Quarterly Reports

FY 2026

Apr 29, 2026·SEC

FY 2025

Oct 29, 2025·SEC

FY 2025

Jul 30, 2025·SEC

QUAD Frequently Asked Questions

Quad/Graphics, Inc. (QUAD) stock FAQ — growth, dividends, profitability & financials explained

Growth & Financials

Quad/Graphics, Inc. (QUAD) reported $2.37B in revenue for fiscal year 2025. This represents a 5% increase from $2.27B in 2008.

Quad/Graphics, Inc. (QUAD) saw revenue decline by 9.4% over the past year.

Yes, Quad/Graphics, Inc. (QUAD) is profitable, generating $27.4M in net income for fiscal year 2025 (1.1% net margin).

Dividend & Returns

Yes, Quad/Graphics, Inc. (QUAD) pays a dividend with a yield of 3.87%. This makes it attractive for income-focused investors.

Quad/Graphics, Inc. (QUAD) has a return on equity (ROE) of 30.3%. This is excellent, indicating efficient use of shareholder capital.

Quad/Graphics, Inc. (QUAD) generated $44.0M in free cash flow for fiscal year 2025. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.

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