Quad/Graphics, Inc. (QUAD) Financial Ratios
18 years of historical data (2008–2025) · Industrials · Specialty Business Services
EV/EBITDA
↓
3.95
+9% vs avg
5yr avg: 3.63
30Y Low3.3·High6.5
P/FCF
↑
7.86
↑+94% vs avg
5yr avg: 4.05
30Y Low1.5·High38.5
P/B Ratio
↑
2.96
+5% vs avg
5yr avg: 2.81
30Y Low0.5·High6.6
ROE
↓
30.3%
↓+648% vs avg
5yr avg: -5.5%
30Y Low-81%·High34%
Debt/EBITDA
↓
2.25
↓-18% vs avg
5yr avg: 2.75
30Y Low2.0·High3.8
Percentile shows where the current value sits in 30-year historical distribution. Sparklines show 5-year trend.
QUAD Valuation Multiples
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
Quad/Graphics, Inc. trades at 14.1x earnings, 6% above its 5-year average of 13.3x, sitting at the 44th percentile of its historical range. Compared to the Industrials sector median P/E of 25.6x, the stock trades at a discount of 45%. On a free-cash-flow basis, the stock trades at 7.9x P/FCF, 94% above the 5-year average of 4.1x.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Market Cap | $398M | $313M | $332M | $262M | $214M | $212M | $193M | $234M | $636M | $1.2B | $1.3B |
| Enterprise Value | $779M | $694M | $767M | $835M | $903M | $964M | $1.1B | $1.4B | $1.5B | $2.1B | $2.5B |
| P/E Ratio → | 14.11 | 11.61 | — | — | 22.67 | 5.63 | — | — | 77.00 | 10.92 | 29.87 |
| P/S Ratio | 0.16 | 0.13 | 0.12 | 0.09 | 0.07 | 0.07 | 0.07 | 0.06 | 0.15 | 0.28 | 0.31 |
| P/B Ratio | 2.96 | 2.43 | 6.65 | 2.20 | 1.24 | 1.55 | 2.28 | 0.96 | 1.38 | 2.24 | 3.03 |
| P/FCF | 7.86 | 6.17 | 5.96 | 3.42 | 2.27 | 2.45 | 1.50 | 5.25 | 3.87 | 4.54 | 5.43 |
| P/OCF | 4.15 | 3.26 | 2.94 | 1.78 | 1.39 | 1.55 | 1.02 | 1.50 | 2.44 | 3.40 | 3.80 |
P/E links to full P/E history page with 30-year chart
QUAD EV Ratios
Enterprise-value multiples — capital-structure-neutral measures of total business value
Quad/Graphics, Inc.'s enterprise value stands at 3.9x EBITDA, 9% above its 5-year average of 3.6x. The Industrials sector median is 13.8x, placing the stock at a 71% discount on an enterprise-value basis.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| EV / Revenue | — | 0.29 | 0.29 | 0.28 | 0.28 | 0.33 | 0.39 | 0.36 | 0.36 | 0.50 | 0.57 |
| EV / EBITDA | 3.95 | 3.51 | 3.34 | 3.67 | 3.73 | 3.90 | 4.35 | 4.23 | 3.70 | 4.62 | 5.07 |
| EV / EBIT | 6.56 | 5.84 | 41.47 | 38.29 | 12.59 | 8.86 | — | 149.52 | 15.09 | 12.76 | 18.06 |
| EV / FCF | — | 13.68 | 13.77 | 10.87 | 9.57 | 11.14 | 8.89 | 31.58 | 9.17 | 8.02 | 10.01 |
QUAD Profitability
Margins and return-on-capital ratios measuring operating efficiency
Quad/Graphics, Inc. earns an operating margin of 4.9%, roughly in line with the Industrials sector average. Operating margins have expanded from 3.3% to 4.9% over the past 3 years, signaling improving operational efficiency. Return on equity of 30.3% is exceptionally high — well above the sector median of 8.2%. ROIC of 17.9% represents solid returns on invested capital versus a sector median of 6.1%.
Margins
Full margin charts and quarterly trend are on the Earnings History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 18.4% | 18.4% | 18.0% | 15.2% | 14.3% | 14.1% | 14.2% | 13.4% | 13.2% | 15.7% | 15.4% |
| Operating Margin | 4.9% | 4.9% | 4.8% | 3.3% | 3.1% | 3.0% | 2.8% | 3.1% | 4.6% | 5.2% | 4.8% |
| Net Profit Margin | 1.1% | 1.1% | -1.9% | -1.9% | 0.3% | 1.3% | -4.4% | -1.4% | 0.2% | 2.6% | 1.0% |
Return on Capital
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 30.3% | 30.3% | -60.1% | -37.9% | 6.0% | 34.1% | -78.0% | -15.7% | 1.7% | 22.2% | 10.4% |
| ROA | 2.1% | 2.1% | -3.6% | -3.5% | 0.5% | 2.0% | -5.9% | -2.3% | 0.3% | 4.3% | 1.7% |
| ROIC | 17.9% | 17.9% | 16.2% | 9.5% | 8.6% | 7.0% | 5.0% | 6.7% | 10.5% | 10.8% | 9.4% |
| ROCE | 19.3% | 19.3% | 19.3% | 12.2% | 10.9% | 8.3% | 5.8% | 7.6% | 11.6% | 12.3% | 10.9% |
QUAD Leverage & Debt
Solvency and debt-coverage ratios — lower is generally safer
Quad/Graphics, Inc. carries a Debt/EBITDA ratio of 2.2x, which is manageable (31% below the sector average of 3.2x). Net debt stands at $381M ($444M total debt minus $63M cash). Interest coverage of just 2.4x is concerning — the company has limited headroom to absorb earnings volatility before struggling with debt service.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 3.45 | 3.45 | 9.31 | 5.23 | 4.13 | 6.81 | 11.92 | 5.12 | 2.04 | 1.85 | 2.57 |
| Debt / EBITDA | 2.25 | 2.25 | 2.02 | 2.75 | 2.95 | 3.77 | 3.83 | 3.76 | 2.31 | 2.15 | 2.34 |
| Net Debt / Equity | — | 2.96 | 8.73 | 4.79 | 3.98 | 5.49 | 11.27 | 4.80 | 1.89 | 1.72 | 2.55 |
| Net Debt / EBITDA | 1.93 | 1.93 | 1.90 | 2.51 | 2.85 | 3.04 | 3.62 | 3.53 | 2.14 | 2.01 | 2.32 |
| Debt / FCF | — | 7.51 | 7.82 | 7.45 | 7.30 | 8.69 | 7.40 | 26.34 | 5.30 | 3.49 | 4.57 |
| Interest Coverage | 2.35 | 2.35 | 0.29 | 0.31 | 1.48 | 1.83 | -0.45 | 0.10 | 1.36 | 2.28 | 1.77 |
QUAD Liquidity & Efficiency
Short-term solvency ratios and asset-utilisation metrics
The current ratio of 0.86x is below 1.0, meaning current liabilities exceed current assets. The current ratio has improved from 0.74x to 0.86x over the past 3 years.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 0.86 | 0.86 | 0.76 | 0.74 | 0.89 | 0.85 | 0.99 | 1.12 | 1.11 | 1.22 | 1.17 |
| Quick Ratio | 0.63 | 0.63 | 0.53 | 0.52 | 0.56 | 0.61 | 0.75 | 0.86 | 0.76 | 0.89 | 0.82 |
| Cash Ratio | 0.10 | 0.10 | 0.04 | 0.07 | 0.03 | 0.19 | 0.08 | 0.10 | 0.08 | 0.09 | 0.01 |
| Asset Turnover | — | 1.93 | 2.06 | 1.96 | 1.89 | 1.57 | 1.52 | 1.62 | 1.70 | 1.68 | 1.68 |
| Inventory Turnover | 13.76 | 13.76 | 13.49 | 14.02 | 10.57 | 11.25 | 14.77 | 16.14 | 11.42 | 14.13 | 13.80 |
| Days Sales Outstanding | — | 44.47 | 37.32 | 39.02 | 42.28 | 44.63 | 49.72 | 42.43 | 43.31 | 48.81 | 47.51 |
QUAD Shareholder Yields
Earnings, FCF, buyback, and dividend yields — total returns to shareholders
Quad/Graphics, Inc. returns 5.8% to shareholders annually — split between a 3.8% dividend yield and 2.0% buyback yield. A payout ratio of 53.3% is moderate and appears sustainable, balancing shareholder returns with reinvestment capacity. The earnings yield of 7.1% (inverse of P/E) provides a useful comparison to bond yields when assessing the stock's relative attractiveness to fixed income.
Dividends
Full dividend history and growth charts are on the Dividend History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend Yield | 3.8% | 4.6% | 2.8% | 0.0% | 0.7% | 0.7% | 4.9% | 24.5% | 9.9% | 5.3% | 4.6% |
| Payout Ratio | 53.3% | 53.3% | — | — | 15.1% | 3.7% | — | — | 740.0% | 58.3% | 136.1% |
Total Shareholder Return Metrics
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | 7.1% | 8.6% | — | — | 4.4% | 17.8% | — | — | 1.3% | 9.2% | 3.3% |
| FCF Yield | 12.7% | 16.2% | 16.8% | 29.3% | 44.0% | 40.8% | 66.8% | 19.1% | 25.8% | 22.0% | 18.4% |
| Buyback Yield | 2.0% | 2.6% | 0.6% | 4.8% | 4.7% | 0.0% | 0.5% | 2.8% | 5.8% | 0.3% | 0.7% |
| Total Shareholder Yield | 5.8% | 7.2% | 3.5% | 4.8% | 5.3% | 0.7% | 5.4% | 27.3% | 15.7% | 5.7% | 5.2% |
| Shares Outstanding | — | $50M | $48M | $48M | $53M | $53M | $51M | $50M | $52M | $52M | $50M |
Peer Comparison
Compare QUAD with 10 similar companies in its peer group
| Company | Market Cap | P/E | EV/EBITDA | P/FCF | Gross Margin | Op Margin | ROE | ROIC | Debt/EBITDA |
|---|---|---|---|---|---|---|---|---|---|
 QUADYou | $398M | 14.1 | 3.9 | 7.9 | 18.4% | 4.9% | 30.3% | 17.9% | 2.2 |
 SRPT | $2B | -2.5 | — | — | 59.9% | -29.9% | -53.5% | -31.4% | — |
 ACCO | $360M | 8.9 | 6.7 | 7.1 | 29.8% | 7.1% | 6.5% | 5.5% | 5.1 |
 ENVA | $5B | 17.5 | 12.2 | 2.9 | 50.1% | 23.5% | 24.3% | 10.4% | 5.8 |
 EBF | $611M | 13.2 | 8.1 | 10.2 | 29.7% | 13.2% | 12.3% | 14.9% | 0.1 |
 TRMK | $3B | 12.1 | 9.4 | 11.3 | 71.0% | 25.5% | 11.0% | 7.1% | 3.4 |
 GCI | $877M | -33.1 | 18.1 | 17.3 | 38.4% | -1.7% | -11.2% | -2.3% | 11.3 |
 NYT | $12B | 35.0 | 21.3 | 21.5 | 50.8% | 16.0% | 17.3% | 18.7% | 0.1 |
 SSP | $325M | -1.5 | 265.5 | 49.8 | 33.7% | 7.5% | -7.9% | 3.1% | 239.5 |
 NWSA | $14B | 12.2 | 10.4 | 19.5 | 100.0% | 11.3% | 12.8% | 6.8% | 2.1 |
 IP | $19B | -5.5 | 1388.3 | — | 29.5% | -11.3% | -30.6% | -11.3% | 514.4 |
| Industrials Median | — | 25.6 | 13.8 | 20.0 | 32.0% | 4.3% | 8.2% | 6.1% | 3.2 |
Peer selection based on competitive and market overlap. Compare multiple stocks →
Download Financial Ratios Data
Includes 30+ ratios · 18 years · Updated daily
Consensus-Based Analysis Tools
Intrinsic Valuation
DCF models, multiple analysis, and analyst estimates.
Check Valuation
Historical Returns
10-year return with dividends reinvested.
Calculate
DCA Calculator
See how regular investing compounds over time.
Run Numbers
Peer Comparison
Compare growth, multiples, and margins vs sector.
Compare
QUAD — Frequently Asked Questions
Quick answers to the most common questions about buying QUAD stock.
What is Quad/Graphics, Inc.'s P/E ratio?
Quad/Graphics, Inc.'s current P/E ratio is 14.1x. The historical average is 30.2x. This places it at the 44th percentile of its historical range.
What is Quad/Graphics, Inc.'s EV/EBITDA?
Quad/Graphics, Inc.'s current EV/EBITDA is 3.9x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 4.2x.
What is Quad/Graphics, Inc.'s ROE?
Quad/Graphics, Inc.'s return on equity (ROE) is 30.3%. This is above the typical threshold of 15-20% considered good for most companies. The historical average is -9.0%.
Is QUAD stock overvalued?
Based on historical data, Quad/Graphics, Inc. is trading at a P/E of 14.1x. This is at the 44th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
What is Quad/Graphics, Inc.'s dividend yield?
Quad/Graphics, Inc.'s current dividend yield is 3.79% with a payout ratio of 53.3%.
What are Quad/Graphics, Inc.'s profit margins?
Quad/Graphics, Inc. has 18.4% gross margin and 4.9% operating margin.
How much debt does Quad/Graphics, Inc. have?
Quad/Graphics, Inc.'s Debt/EBITDA ratio is 2.2x, indicating moderate leverage. A ratio between 2-4x is manageable but warrants monitoring.