What is QUAD/GRAPHICS, INC.'s earnings per share (EPS)?

QUAD/GRAPHICS, INC. (QUAD) reported diluted earnings per share of $0.54 for fiscal year 2025. This represents a 150.5% change compared to the previous fiscal year. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.

QUAD/GRAPHICS, INC. (QUAD) Financials

QUAD

Trailing 12 months to March 31, 2026

Revenue $2.4B -10.4% YoY

Net Income $27.4M +261.2% YoY

EPS (Diluted) $0.56 +251.4% YoY

Free Cash Flow $44.0M +72.5% YoY

Market Cap $480.6M as of Oct 10, 2026

Price / Sales 0.2x on $2.4B revenue, trailing 12 months to March 31, 2026

Price / Earnings 17.5x on $27.4M net income, trailing 12 months to March 31, 2026

Price / Book 3.8x on $126.6M equity, Q1 FY2026

A multiple compares the market's price with a filed figure; it says what the market pays, not how the business is doing. The market capitalization is the vendor's as of Oct 10, 2026; every other figure is from the SEC filings on this page. Not financial advice.

Source SEC Filings (10-K/10-Q) Latest period Q1 FY2026, ended Mar 31, 2026 Reported Apr 29, 2026 Currency USD FYE December

Newest figures come from the 10-Q for Q1 FY2026, filed Apr 29, 2026. Each column of the statement tables below links to the filing it was taken from, and every filing is listed on the QUAD SEC filings page.

QUAD/GRAPHICS, INC. (QUAD) reported $2.4B in revenue over the twelve months to Mar 31, 2026, down 10.4% from the prior twelve months. This page shows its income statement, balance sheet, cash flow statement, and key financial ratios. View 15 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).

Rhea AI QUAD FY2025 2026-10-03

Quad’s smaller revenue base now produces better operating margins, but cash generation and sub-1.0x short-term coverage still constrain the balance sheet.

Revenue declined in FY2025 even as operating margin reached 4.0%, up from 0.7% in FY2024. That divergence, together with lower SG&A, points to a cost-structure improvement rather than volume-led expansion.

Net income recovered to $27M while operating cash flow remained $95.9M, so reported earnings understate cash produced in FY2025. Free cash flow was $50.7M, down from FY2024, showing that cash generation weakened even as profitability returned.

Debt-to-equity fell from 7.0x to 2.5x as liabilities declined and equity rebuilt, creating a materially less leveraged structure than FY2024. Current ratio remained 0.9x, meaning current assets still did not fully cover current liabilities.

Financial Health Signals

Financial Health Score 33/100

Scored against operating companies for FY2025. Each of the six dimensions is a percentile rank within that peer group; the overall is their average, with missing dimensions counted as zero out of six. A high score means strong standing among peers, not absolute cross-industry strength. How this score is calculated →

Health score ≠ stock price. This rates the quality of QUAD/GRAPHICS, INC.'s business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.

Profitability

QUAD/GRAPHICS, INC. has an operating margin of 4.0%, meaning the company retains $4 of operating profit per $100 of revenue. This results in a moderate score of 44/100, indicating healthy but not exceptional operating efficiency. This is up from 0.7% the prior year.

Growth

QUAD/GRAPHICS, INC.'s revenue declined 9.4% year-over-year, from $2.7B to $2.4B. This contraction results in a growth score of 10/100.

Leverage

QUAD/GRAPHICS, INC. has a moderate D/E ratio of 2.51. This balance of debt and equity financing earns a leverage score of 38/100.

Liquidity

QUAD/GRAPHICS, INC.'s current ratio of 0.86 is below the typical benchmark, resulting in a score of 13/100. This tight liquidity could limit financial flexibility if cash inflows slow.

Cash Flow

QUAD/GRAPHICS, INC. has a free cash flow margin of 2.1%, earning a moderate score of 34/100. The company generates positive cash flow after capital investments, but with room for improvement.

Returns

QUAD/GRAPHICS, INC.'s ROE of 21.0% shows moderate profitability relative to equity, earning a score of 60/100. This is up from -102.0% the prior year.

Altman Z-Score Distress

1.66

QUAD/GRAPHICS, INC. scores 1.66, below the 1.81 distress threshold. This indicates elevated financial distress risk and warrants close attention to liquidity and debt levels.

Distress-screening estimate for non-financial companies. Not computed for banks or insurers, where the Altman model does not apply.

Piotroski F-Score Partial

6/8

QUAD/GRAPHICS, INC. passes 6 of 8 computable financial strength tests (1 of the nine could not be computed from available data). All 4 profitability signals pass (positive income, cash flow, and earnings quality), all 2 leverage/liquidity signals pass, neither operating efficiency signal passes.

Earnings Quality Cash-Backed

3.55x

For every $1 of reported earnings, QUAD/GRAPHICS, INC. generates $3.55 in operating cash flow ($95.9M OCF vs $27.0M net income). This indicates profits are well-supported by actual cash generation, not accounting adjustments.

Interest Coverage At Risk

1.92x

QUAD/GRAPHICS, INC. earns $1.92 in operating income for every $1 of interest expense ($97.0M vs $50.5M). This narrow margin raises concern about the company's ability to service its debt if operating income declines.

Key Financial Metrics

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Earnings & Revenue

Revenue

$581.0M

YoY-7.7%

QoQ-7.9%

5Y CAGR-3.8%

10Y CAGR-5.7%

QUAD/GRAPHICS, INC. generated $581.0M in revenue in Q1 2026. This represents a decrease of 7.7% from the same quarter a year earlier. Against the prior quarter it is down 7.9%.

EBITDA

$36.1M

YoY-8.1%

QoQ-36.8%

5Y CAGR-10.5%

10Y CAGR-8.8%

QUAD/GRAPHICS, INC.'s EBITDA was $36.1M in Q1 2026, measuring earnings before interest, taxes, depreciation, and amortization. This represents a decrease of 8.1% from the same quarter a year earlier. Against the prior quarter it is down 36.8%.

Net Income

$6.2M

YoY+6.9%

QoQ-44.1%

5Y CAGR-9.5%

10Y CAGR+5.0%

QUAD/GRAPHICS, INC. reported $6.2M in net income in Q1 2026. This represents an increase of 6.9% from the same quarter a year earlier. Against the prior quarter it is down 44.1%.

EPS (Diluted)

$0.13

YoY+18.2%

QoQ-40.9%

5Y CAGR-7.3%

QUAD/GRAPHICS, INC. earned $0.13 per diluted share (EPS) in Q1 2026. This represents an increase of 18.2% from the same quarter a year earlier. Against the prior quarter it is down 40.9%.

Cash & Balance Sheet

Free Cash Flow

-$107.0M

YoY-6.7%

QoQ-178.0%

QUAD/GRAPHICS, INC. recorded an outflow of $107.0M in free cash flow in Q1 2026, representing a cash shortfall after capex. This represents a decrease of 6.7% from the same quarter a year earlier. Against the prior quarter it is down 178.0%.

Cash & Debt

$7.0M

YoY-13.6%

QoQ-88.9%

5Y CAGR-38.7%

10Y CAGR-3.8%

QUAD/GRAPHICS, INC. held $7.0M in cash against $384.5M in long-term debt as of Q1 2026.

Dividends Per Share

$0.10

YoY+33.3%

QoQ+33.3%

QUAD/GRAPHICS, INC. paid $0.10 per share in dividends in Q1 2026. This represents an increase of 33.3% from the same quarter a year earlier. Against the prior quarter it is up 33.3%.

Shares Outstanding

Diluted avg 50M

QUAD/GRAPHICS, INC. had a weighted average of 50M diluted shares in Q1 2026; the shares outstanding count is not reported for that period.

Margins & Returns

Gross Margin

21.1%

YoY+0.6pp

QoQ-0.5pp

5Y change+0.5pp

10Y change-1.8pp

QUAD/GRAPHICS, INC.'s gross margin was 21.1% in Q1 2026, indicating the percentage of revenue retained after direct costs. This is up 0.6 percentage points from the same quarter a year earlier. Against the prior quarter it is down 0.5 percentage points.

Operating Margin

3.0%

YoY-0.1pp

QoQ-2.9pp

5Y change+0.1pp

10Y change+1.8pp

QUAD/GRAPHICS, INC.'s operating margin was 3.0% in Q1 2026, reflecting core business profitability. This is down 0.1 percentage points from the same quarter a year earlier. Against the prior quarter it is down 2.9 percentage points.

Net Margin

1.1%

YoY+0.1pp

QoQ-0.7pp

5Y change-0.4pp

10Y change+0.7pp

QUAD/GRAPHICS, INC.'s net profit margin was 1.1% in Q1 2026, showing the share of revenue converted to profit. This is up 0.1 percentage points from the same quarter a year earlier. Against the prior quarter it is down 0.7 percentage points.

Return on Equity

4.9%

YoY-1.7pp

QoQ-3.7pp

QUAD/GRAPHICS, INC.'s ROE was 4.9% in Q1 2026, measuring profit generated per dollar of shareholder equity. This is down 1.7 percentage points from the same quarter a year earlier. Against the prior quarter it is down 3.7 percentage points.

Capital Allocation

Share Buybacks

$1.1M

YoY-66.7%

QoQ+450.0%

QUAD/GRAPHICS, INC. spent $1.1M on share buybacks in Q1 2026, returning capital to shareholders by reducing shares outstanding. This represents a decrease of 66.7% from the same quarter a year earlier. Against the prior quarter it is up 450.0%.

Capital Expenditures

$13.3M

YoY+17.7%

QoQ+52.9%

5Y CAGR-4.7%

10Y CAGR-6.6%

QUAD/GRAPHICS, INC. invested $13.3M in capex in Q1 2026, funding long-term assets and infrastructure. This represents an increase of 17.7% from the same quarter a year earlier. Against the prior quarter it is up 52.9%.

R&D Spending

Not reported for Q1 2026.

QUAD Income Statement

Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.

QUAD quarterly income statement

Metric	TTM	FY2510-K	FY2410-K	FY2310-K	FY2210-K	FY2110-K	FY2010-K	FY1910-K	FY1810-K	FY1710-K	FY1610-K	FY1510-K	FY1410-K	FY1310-K	FY1210-K	FY1110-K
Revenue	$2.4B	$2.4B-9.4%	$2.7B-9.7%	$3.0B-8.1%	$3.2B+8.7%	$3.0B+1.1%	$2.9B-25.3%	$3.9B-1.6%	$4.0B+0.9%	$4.0B-8.7%	$4.3B-5.8%	$4.6B-3.8%	$4.8B-0.4%	$4.8B+17.1%	$4.1B-5.3%	$4.3B
Cost of Revenue	$1.9B	$1.9B-9.3%	$2.1B-12.1%	$2.4B-9.1%	$2.6B+9.6%	$2.4B+2.4%	$2.3B-26.9%	$3.2B-0.9%	$3.2B+4.2%	$3.1B-8.9%	$3.4B-7.8%	$3.7B-3.3%	$3.8B+0.1%	$3.8B+19.4%	$3.2B-3.6%	$3.3B
Gross Profit	$516.8M	$523.3M-9.8%	$580.0M+0.6%	$576.5M-3.6%	$598.2M+4.9%	$570.5M-4.1%	$594.8M-18.7%	$731.2M-4.3%	$764.4M-11.1%	$859.9M-8.0%	$934.7M+2.0%	$916.8M-5.5%	$970.5M-2.4%	$994.0M+9.2%	$910.5M-11.0%	$1.0B
R&D Expenses	N/A	$2.9M-9.4%	$3.2M+3.2%	$3.1M-6.1%	$3.3M+6.5%	$3.1M+3.3%	$3.0M-16.7%	$3.6M0.0%	$3.6M-60.0%	$9.0M-3.2%	$9.3M-9.7%	$10.3M-8.8%	$11.3M-15.7%	$13.4M+1.5%	$13.2M-21.9%	$16.9M
SG&A Expenses	$320.8M	$325.9M-8.7%	$356.8M+3.6%	$344.5M-3.9%	$358.6M+10.0%	$326.0M-2.7%	$335.1M-15.7%	$397.6M+10.8%	$358.9M-12.2%	$408.7M-12.4%	$466.7M+4.1%	$448.3M+5.4%	$425.5M+2.3%	$416.0M+19.9%	$347.1M-14.7%	$407.0M
Operating Income	$95.1M	$97.0M+405.2%	$19.2M-25.3%	$25.7M-52.0%	$53.5M-42.3%	$92.8M+301.7%	-$46.0M-232.6%	$34.7M-60.3%	$87.3M-49.5%	$172.8M+47.3%	$117.3M+114.1%	-$830.0M-687.4%	$141.3M-0.6%	$142.2M+33.5%	$106.5M-32.1%	$156.9M
EBITDA	N/A	$176.5M+42.6%	$123.8M-21.0%	$156.7M-20.3%	$196.6M-22.3%	$253.0M+81.8%	$139.2M-44.3%	$250.0M-17.3%	$302.2M-22.8%	$391.3M-0.8%	$394.4M+178.1%	-$504.7M-205.7%	$477.7M-1.0%	$482.7M+8.4%	$445.1M-11.2%	$501.5M
Interest Expense	$48.1M	$50.5M-21.7%	$64.5M-7.9%	$70.0M+44.6%	$48.4M-18.8%	$59.6M-13.4%	$68.8M-23.6%	$90.0M+23.0%	$73.2M+3.2%	$70.9M-8.2%	$77.2M-12.7%	$88.4M-4.8%	$92.9M+8.7%	$85.5M+1.8%	$84.0M-22.2%	$108.0M
Income Tax	$6.2M	$5.5M-14.1%	$6.4M-50.0%	$12.8M+52.4%	$8.4M-11.6%	$9.5M+3066.7%	$300K+101.2%	-$24.4M-916.7%	-$2.4M+73.9%	-$9.2M-170.8%	$13.0M+104.6%	-$282.8M-1500.0%	$20.2M-13.3%	$23.3M+174.0%	-$31.5M-221.2%	$26.0M
Net Income	$27.4M	$27.0M+153.0%	-$50.9M+8.1%	-$55.4M-695.7%	$9.3M-75.4%	$37.8M+129.5%	-$128.3M+17.9%	-$156.3M-1938.8%	$8.5M-92.1%	$107.2M+138.8%	$44.9M+107.0%	-$641.9M-3551.1%	$18.6M-42.8%	$32.5M-62.8%	$87.4M+286.4%	-$46.9M
EPS (Basic)	N/A	$0.57+153.3%	-$1.07+6.1%	-$1.14-733.3%	$0.18-75.7%	$0.74+129.2%	-$2.53+18.9%	-$3.12-1935.3%	$0.17-92.1%	$2.16+129.8%	$0.94+107.0%	-$13.40-3535.9%	$0.39-41.8%	$0.67-62.8%	$1.80+280.0%	-$1.00
EPS (Diluted)	$0.56	$0.54+150.5%	-$1.07+6.1%	-$1.14-733.3%	$0.18-74.6%	$0.71+128.1%	-$2.53+18.9%	-$3.12-2050.0%	$0.16-92.3%	$2.07+130.0%	$0.90+106.7%	-$13.40-3626.3%	$0.38-41.5%	$0.65-63.5%	$1.78+278.0%	-$1.00
Diluted Shares (Avg)	N/A	50M+4.8%	48M-1.7%	48M-7.8%	53M-0.9%	53M+4.7%	51M+1.2%	50M-3.1%	52M-0.4%	52M+4.0%	50M+4.0%	48M-1.2%	49M+1.0%	48M+1.7%	47M+0.2%	47M

Metric	Q1'2610-Q	Q4'2510-Q	Q3'2510-Q	Q2'2510-Q	Q1'2510-Q	Q4'2410-K	Q3'2410-Q	Q2'2410-Q
Revenue	$581.0M-7.7%	$630.6M-11.0%	$588.0M-12.9%	$571.9M-9.8%	$629.4M-3.9%	$708.4M-10.1%	$674.8M-3.6%	$634.2M-9.8%
Cost of Revenue	$458.1M-8.4%	$494.4M-10.0%	$454.1M-13.9%	$448.1M-9.3%	$500.0M-4.1%	$549.4M-13.2%	$527.6M-5.9%	$493.9M-13.3%
Gross Profit	$122.9M-5.0%	$136.2M-14.3%	$133.9M-9.0%	$123.8M-11.8%	$129.4M-3.1%	$159.0M+2.7%	$147.2M+5.6%	$140.3M+5.3%
SG&A Expenses	$78.4M-6.1%	$81.3M-15.8%	$80.9M-8.5%	$80.2M-9.6%	$83.5M+0.5%	$96.6M+7.9%	$88.4M+7.2%	$88.7M+6.5%
Operating Income	$17.7M-9.7%	$37.3M+89.3%	$26.4M+638.8%	$13.7M-9.3%	$19.6M+283.2%	$19.7M+462.9%	-$4.9M-135.8%	$15.1M+79.8%
EBITDA	$36.1M-8.1%	$57.1M+27.2%	$45.7M+134.4%	$34.4M-17.1%	$39.3M+119.6%	$44.9M+22.0%	$19.5M-57.3%	$41.5M+2.7%
Interest Expense	$10.0M-19.4%	$12.1M-19.9%	$12.8M-24.7%	$13.2M-23.3%	$12.4M-18.4%	$15.1M-20.5%	$17.0M-4.0%	$17.2M+1.2%
Income Tax	$1.7M+70.0%	$1.2M+1100.0%	$3.0M0.0%	$300K-66.7%	$1.0M-58.3%	$100K-98.6%	$3.0M+475.0%	$900K+142.9%
Net Income	$6.2M+6.9%	$11.1M+136.2%	$10.2M+141.3%	-$100K+96.4%	$5.8M+120.6%	$4.7M+121.4%	-$24.7M-814.8%	-$2.8M+54.1%
EPS (Basic)	$0.13+8.3%	$0.24+140.0%	$0.21+140.4%	$0.00+100.0%	$0.12+120.0%	$0.10+121.7%	-$0.52-766.7%	-$0.06+50.0%
EPS (Diluted)	$0.13+18.2%	$0.22+120.0%	$0.21+140.4%	$0.00+100.0%	$0.11+118.3%	$0.10+121.7%	-$0.52-766.7%	-$0.06+50.0%
Diluted Shares (Avg)	50M-2.2%	N/A	50M+4.0%	48M-0.2%	51M+7.4%	N/A	48M-0.4%	48M-3.2%

Not reported in any period shown, so not listed: R&D Expenses.

QUAD Balance Sheet

QUAD quarterly balance sheet

Metric	FY2510-K	FY2410-K	FY2310-K	FY2210-K	FY2110-K	FY2010-K	FY1910-K	FY1810-K	FY1710-K	FY1610-K	FY1510-K	FY1410-K	FY1310-K	FY1210-K	FY1110-K
Total Assets	$1.3B-3.5%	$1.3B-14.0%	$1.5B-11.3%	$1.7B-10.0%	$1.9B-2.0%	$1.9B-20.2%	$2.4B-2.1%	$2.5B+0.7%	$2.5B-4.6%	$2.6B-9.7%	$2.8B-29.0%	$4.0B-3.8%	$4.2B+1.6%	$4.1B-13.4%	$4.7B
Current Assets	$538.4M+0.8%	$534.3M-9.1%	$587.7M-16.6%	$704.5M-12.9%	$809.1M+19.1%	$679.2M-25.4%	$910.9M-3.8%	$946.6M+4.2%	$908.5M+0.7%	$902.6M-8.9%	$991.3M-12.6%	$1.1B+5.5%	$1.1B+8.5%	$990.0M-20.2%	$1.2B
Cash & Equivalents	$63.3M+116.8%	$29.2M-44.8%	$52.9M+109.9%	$25.2M-86.0%	$179.9M+225.9%	$55.2M-29.9%	$78.7M+13.2%	$69.5M+7.9%	$64.4M+235.4%	$19.2M-21.0%	$24.3M+153.1%	$9.6M-26.7%	$13.1M-22.5%	$16.9M-34.0%	$25.6M
Short-Term Investments	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0
Inventory	$143.5M-11.6%	$162.4M-9.2%	$178.8M-31.4%	$260.7M+15.3%	$226.2M+32.9%	$170.2M-19.1%	$210.5M-24.6%	$279.0M+13.2%	$246.5M-7.1%	$265.4M-5.2%	$280.1M-2.7%	$287.8M+5.6%	$272.5M+12.2%	$242.9M-2.6%	$249.5M
Long-Term Investments	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0
Goodwill	$107.6M+7.3%	$100.3M-2.6%	$103.0M+19.2%	$86.4M0.0%	$86.4M-16.1%	$103.0M0.0%	$103.0M+131.5%	$44.5M	$0	$0	$0-100.0%	$775.5M+0.3%	$773.1M+0.6%	$768.6M-2.4%	$787.1M
Total Liabilities	$1.1B-10.0%	$1.2B-10.1%	$1.4B-9.1%	$1.5B-12.8%	$1.8B-4.9%	$1.8B-15.2%	$2.2B+8.2%	$2.0B+4.1%	$1.9B-9.3%	$2.1B-12.2%	$2.4B-15.1%	$2.9B-0.8%	$2.9B+0.5%	$2.9B-16.5%	$3.4B
Current Liabilities	$624.2M-10.7%	$698.7M-11.6%	$790.8M-0.6%	$795.4M-16.9%	$957.1M+40.2%	$682.7M-16.1%	$813.4M-4.5%	$851.3M+14.1%	$745.9M-3.7%	$774.6M-4.1%	$807.4M-6.4%	$862.6M-2.9%	$888.8M+18.1%	$752.8M-19.0%	$928.9M
Non-Current Liabilities	$500.1M-9.1%	$550.4M-8.2%	$599.4M-18.3%	$733.5M-7.9%	$796.1M-31.4%	$1.2B-14.7%	$1.4B+17.4%	$1.2B-2.2%	$1.2B-12.5%	$1.4B-16.2%	$1.6B-18.9%	$2.0B+0.2%	$2.0B-5.7%	$2.1B-15.6%	$2.5B
Long-Term Debt	$322.9M-7.5%	$349.1M-3.7%	$362.5M-28.5%	$506.7M-8.7%	$554.9M-38.5%	$902.7M-14.7%	$1.1B+19.9%	$882.6M-2.3%	$903.5M-11.4%	$1.0B-17.8%	$1.2B-4.6%	$1.3B+2.7%	$1.3B+4.5%	$1.2B-9.8%	$1.3B
Total Equity	$128.6M+157.7%	$49.9M+142.4%	-$117.6M-168.0%	$172.9M+26.4%	$136.8M+62.7%	$84.1M-62.9%	$226.6M-48.8%	$442.5M-15.3%	$522.4M+18.3%	$441.5M+4.2%	$423.9M-63.2%	$1.2B-10.6%	$1.3B+4.3%	$1.2B-5.2%	$1.3B
Retained Earnings	-$623.2M+1.9%	-$635.1M-10.7%	-$573.9M-10.7%	-$518.5M+1.8%	-$527.8M+6.7%	-$566.0M-33.6%	-$423.5M-100.3%	-$211.4M-29.8%	-$162.9M+21.1%	-$206.4M-9.7%	-$188.1M-136.5%	$515.2M-7.8%	$558.8M-5.0%	$588.1M-9.6%	$650.2M

Metric	Q1'2610-Q	Q4'2510-Q	Q3'2510-Q	Q2'2510-Q	Q1'2510-Q	Q4'2410-K	Q3'2410-Q	Q2'2410-Q
Total Assets	$1.2B-1.3%	$1.3B-3.5%	$1.3B-8.7%	$1.2B-9.3%	$1.2B-12.4%	$1.3B-14.0%	$1.4B-11.5%	$1.4B-11.0%
Current Assets	$522.6M+2.3%	$538.4M+0.8%	$529.4M-10.6%	$492.8M-5.0%	$511.1M-7.0%	$534.3M-9.1%	$591.9M-6.8%	$518.7M-9.8%
Cash & Equivalents	$7.0M-13.6%	$63.3M+116.8%	$6.2M-50.4%	$6.7M-47.7%	$8.1M-20.6%	$29.2M-44.8%	$12.5M+13.6%	$12.8M+13.3%
Short-Term Investments	$0	$0	$0	$0	$0	$0	$0	$0
Inventory	$164.7M+2.0%	$143.5M-11.6%	$177.2M-12.1%	$153.4M-12.1%	$161.4M-10.6%	$162.4M-9.2%	$201.7M-14.0%	$174.5M-13.0%
Long-Term Investments	$0	$0	$0	$0	$0	$0	$0	$0
Goodwill	$107.6M+7.3%	$107.6M+7.3%	$107.6M+7.3%	$107.6M+7.3%	$100.3M0.0%	$100.3M-2.6%	$100.3M+16.1%	$100.3M+16.1%
Total Liabilities	$1.1B-4.7%	$1.1B-10.0%	$1.2B-12.5%	$1.2B-10.5%	$1.2B-13.1%	$1.2B-10.1%	$1.3B-6.2%	$1.3B-6.9%
Current Liabilities	$554.3M+4.0%	$624.2M-10.7%	$539.5M-22.7%	$534.3M-12.7%	$533.1M-15.6%	$698.7M-11.6%	$698.1M-11.1%	$611.8M-14.5%
Non-Current Liabilities	$550.0M-12.1%	$500.1M-9.1%	$631.6M-1.3%	$619.5M-8.5%	$626.0M-11.0%	$550.4M-8.2%	$639.8M-0.1%	$677.0M+1.3%
Long-Term Debt	$384.5M-12.4%	$322.9M-7.5%	$433.4M+2.4%	$420.5M-7.7%	$438.8M-7.4%	$349.1M-3.7%	$423.4M-1.9%	$455.5M+0.9%
Total Equity	$126.6M+44.9%	$128.6M+157.7%	$96.7M+90.0%	$87.0M+10.0%	$87.4M-2.0%	$49.9M+142.4%	$50.9M-64.5%	$79.1M-48.5%
Retained Earnings	-$622.1M+1.7%	-$623.2M+1.9%	-$630.5M+1.1%	-$637.0M-4.4%	-$633.1M-4.7%	-$635.1M-10.7%	-$637.2M-15.5%	-$610.0M-11.1%

Not reported in any period shown, so not listed: Accounts Receivable.

QUAD Cash Flow Statement

QUAD quarterly cash flow statement

Metric	TTM	FY2510-K	FY2410-K	FY2310-K	FY2210-K	FY2110-K	FY2010-K	FY1910-K	FY1810-K	FY1710-K	FY1610-K	FY1510-K	FY1410-K	FY1310-K	FY1210-K	FY1110-K
Operating Cash Flow	$91.2M	$95.9M-15.1%	$112.9M-23.5%	$147.6M-4.5%	$154.6M+13.3%	$136.5M-28.2%	$190.2M+22.3%	$155.5M-40.3%	$260.6M-24.2%	$344.0M-2.7%	$353.6M+1.6%	$348.1M+18.7%	$293.2M-33.5%	$441.1M+24.5%	$354.2M-4.6%	$371.1M
Depreciation & Amortization	N/A	$79.5M-24.0%	$104.6M-20.2%	$131.0M-8.5%	$143.1M-10.7%	$160.2M-13.5%	$185.2M-14.0%	$215.3M+0.2%	$214.9M-1.6%	$218.5M-21.1%	$277.1M-14.8%	$325.3M-3.3%	$336.4M-1.2%	$340.5M+0.6%	$338.6M-1.7%	$344.6M
Stock-Based Compensation	N/A	$6.6M-9.6%	$7.3M+30.4%	$5.6M-6.7%	$6.0M-3.2%	$6.2M-41.5%	$10.6M-22.1%	$13.6M-12.8%	$15.6M-4.9%	$16.4M+7.9%	$15.2M+111.1%	$7.2M-58.4%	$17.3M-7.0%	$18.6M+38.8%	$13.4M-10.1%	$14.9M
Capital Expenditures	$47.2M	$45.2M-21.0%	$57.2M-19.2%	$70.8M+17.4%	$60.3M+20.6%	$50.0M-18.0%	$61.0M-45.0%	$111.0M+15.3%	$96.3M+12.1%	$85.9M-19.0%	$106.1M-20.2%	$133.0M-4.5%	$139.2M-6.9%	$149.5M+44.4%	$103.5M-38.5%	$168.3M
Free Cash Flow	$44.0M	$50.7M-9.0%	$55.7M-27.5%	$76.8M-18.6%	$94.3M+9.0%	$86.5M-33.0%	$129.2M+190.3%	$44.5M-72.9%	$164.3M-36.3%	$258.1M+4.3%	$247.5M+15.1%	$215.1M+39.7%	$154.0M-47.2%	$291.6M+16.3%	$250.7M+23.6%	$202.8M
Investing Cash Flow	-$28.6M	-$27.7M-318.1%	$12.7M+127.4%	-$46.4M+23.3%	-$60.5M-146.8%	$129.4M+1234.0%	$9.7M+104.7%	-$208.1M-72.7%	-$120.5M-155.3%	-$47.2M+46.8%	-$88.8M+59.0%	-$216.7M+3.3%	-$224.2M+47.9%	-$430.6M-514.3%	-$70.1M+62.0%	-$184.3M
Financing Cash Flow	-$64.1M	-$36.1M+75.8%	-$149.1M-102.6%	-$73.6M+70.4%	-$248.7M-76.5%	-$140.9M+37.0%	-$223.6M-461.8%	$61.8M+146.3%	-$133.5M+47.0%	-$251.7M+6.5%	-$269.3M-110.6%	-$127.9M-78.4%	-$71.7M-602.9%	-$10.2M+96.4%	-$285.6M-64.6%	-$173.5M
Dividends Paid	$16.4M	$14.4M+53.2%	$9.4M+9300.0%	$100K-92.9%	$1.4M0.0%	$1.4M-85.3%	$9.5M-83.4%	$57.1M-9.2%	$62.9M+0.6%	$62.5M+2.3%	$61.1M-1.9%	$62.3M+1.8%	$61.2M+8.5%	$56.4M-62.8%	$151.8M+438.3%	$28.2M
Share Buybacks	$5.8M	$8.0M	$0-100.0%	$12.6M+26.0%	$10.0M	$0	N/A	$0-100.0%	$36.7M+865.8%	$3.8M-56.8%	$8.8M	$0	$0	$0	$0-100.0%	$8.2M

Metric	Q1'2610-Q	Q4'2510-Q	Q3'2510-Q	Q2'2510-Q	Q1'2510-Q	Q4'2410-K	Q3'2410-Q	Q2'2410-Q
Operating Cash Flow	-$93.7M-5.3%	$145.9M-8.1%	-$8.4M-450.0%	$47.4M+1115.4%	-$89.0M-70.5%	$158.8M+49.1%	$2.4M-94.1%	$3.9M-92.3%
Depreciation & Amortization	$18.4M-6.6%	$19.8M-21.4%	$19.3M-20.9%	$20.7M-21.6%	$19.7M-31.1%	$25.2M-24.3%	$24.4M-23.8%	$26.4M-17.5%
Stock-Based Compensation	$1.3M-18.8%	N/A	$1.3M-13.3%	$2.2M-15.4%	$1.6M-11.1%	N/A	$1.5M+15.4%	$2.6M+13.0%
Capital Expenditures	$13.3M+17.7%	$8.7M-24.3%	$12.2M0.0%	$13.0M-16.7%	$11.3M-36.9%	$11.5M+1.8%	$12.2M-14.7%	$15.6M-5.5%
Free Cash Flow	-$107.0M-6.7%	$137.2M-6.9%	-$20.6M-110.2%	$34.4M+394.0%	-$100.3M-43.1%	$147.3M+54.7%	-$9.8M-137.0%	-$11.7M-134.0%
Investing Cash Flow	-$15.0M-6.4%	$15.6M+269.6%	-$5.1M-118.1%	-$24.1M-348.5%	-$14.1M+11.3%	-$9.2M-183.6%	$28.1M+291.2%	$9.7M+159.5%
Financing Cash Flow	$52.4M-34.8%	-$104.3M+21.5%	$12.8M+141.6%	-$25.0M-127.3%	$80.4M+215.3%	-$132.8M-75.4%	-$30.8M-17.6%	-$11.0M+65.6%
Dividends Paid	$5.5M+57.1%	$3.5M+45.8%	$3.5M+52.2%	$3.9M+69.6%	$3.5M+45.8%	$2.4M	$2.3M	$2.3M
Share Buybacks	$1.1M-66.7%	$200K	$200K	$4.3M	$3.3M	$0-100.0%	$0-100.0%	$0-100.0%

QUAD Financial Ratios

Margins and returns are percentages; the remaining ratios are unitless multiples. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.

QUAD quarterly financial ratios

Metric	FY2510-K	FY2410-K	FY2310-K	FY2210-K	FY2110-K	FY2010-K	FY1910-K	FY1810-K	FY1710-K	FY1610-K	FY1510-K	FY1410-K	FY1310-K	FY1210-K	FY1110-K
Gross Margin	21.6%-0.1pp	21.7%+2.2pp	19.5%+0.9pp	18.6%-0.7pp	19.3%-1.0pp	20.3%+1.7pp	18.6%-0.5pp	19.2%-2.6pp	21.8%+0.2pp	21.6%+1.7pp	19.9%-0.4pp	20.3%-0.4pp	20.7%-1.5pp	22.2%-1.4pp	23.6%
Operating Margin	4.0%+3.3pp	0.7%-0.1pp	0.9%-0.8pp	1.7%-1.5pp	3.1%+4.7pp	-1.6%-2.5pp	0.9%-1.3pp	2.2%-2.2pp	4.4%+1.7pp	2.7%+20.8pp	-18.1%-21.0pp	3.0%0.0pp	3.0%+0.4pp	2.6%-1.0pp	3.6%
Net Margin	1.1%+3.0pp	-1.9%0.0pp	-1.9%-2.2pp	0.3%-1.0pp	1.3%+5.7pp	-4.4%-0.4pp	-4.0%-4.2pp	0.2%-2.5pp	2.7%+1.7pp	1.0%+15.0pp	-14.0%-14.3pp	0.4%-0.3pp	0.7%-1.4pp	2.1%+3.2pp	-1.1%
Return on Equity	21.0%+123.0pp	-102.0%	N/A	5.4%-22.2pp	27.6%+180.2pp	-152.6%-83.6pp	-69.0%-70.9pp	1.9%-18.6pp	20.5%+10.3pp	10.2%+161.6pp	-151.4%-153.0pp	1.6%-0.9pp	2.5%-4.5pp	7.1%+10.7pp	-3.6%
Return on Assets	2.2%+6.1pp	-3.9%-0.2pp	-3.7%-4.2pp	0.5%-1.5pp	2.0%+8.7pp	-6.7%-0.2pp	-6.5%-6.8pp	0.3%-4.0pp	4.4%+2.6pp	1.8%+24.3pp	-22.5%-23.0pp	0.5%-0.3pp	0.8%-1.4pp	2.1%+3.1pp	-1.0%
Current Ratio	0.86+0.1x	0.760.0x	0.74-0.1x	0.890.0x	0.85-0.1x	0.99-0.1x	1.120.0x	1.11-0.1x	1.22+0.1x	1.17-0.1x	1.23-0.1x	1.31+0.1x	1.21-0.1x	1.320.0x	1.34
Debt-to-Equity	2.51-4.5x	7.00	N/A	2.93-1.1x	4.06-6.7x	10.73+6.1x	4.67+2.7x	1.99+0.3x	1.73-0.6x	2.31-0.6x	2.92+1.8x	1.13+0.1x	0.980.0x	0.980.0x	1.03
Asset Turnover	1.93-0.1x	2.06+0.1x	1.96+0.1x	1.89+0.3x	1.570.0x	1.52-0.1x	1.620.0x	1.610.0x	1.61-0.1x	1.68+0.1x	1.61+0.4x	1.190.0x	1.15+0.2x	1.00+0.1x	0.91
FCF Margin	2.1%0.0pp	2.1%-0.5pp	2.6%-0.3pp	2.9%0.0pp	2.9%-1.5pp	4.4%+3.3pp	1.1%-3.0pp	4.1%-2.4pp	6.5%+0.8pp	5.7%+1.0pp	4.7%+1.5pp	3.2%-2.9pp	6.1%0.0pp	6.1%+1.4pp	4.7%

Metric	Q1'2610-Q	Q4'2510-Q	Q3'2510-Q	Q2'2510-Q	Q1'2510-Q	Q4'2410-K	Q3'2410-Q	Q2'2410-Q
Gross Margin	21.1%+0.6pp	21.6%-0.8pp	22.8%+1.0pp	21.6%-0.5pp	20.6%+0.2pp	22.4%+2.8pp	21.8%+1.9pp	22.1%+3.2pp
Operating Margin	3.0%-0.1pp	5.9%+3.1pp	4.5%+5.2pp	2.4%0.0pp	3.1%+4.7pp	2.8%+2.3pp	-0.7%-2.7pp	2.4%+1.2pp
Net Margin	1.1%+0.1pp	1.8%+1.1pp	1.7%+5.4pp	0.0%+0.4pp	0.9%+5.2pp	0.7%+3.5pp	-3.7%-3.3pp	-0.4%+0.4pp
Return on Equity	4.9%-1.7pp	8.6%-0.8pp	10.5%+59.1pp	-0.1%+3.4pp	6.6%+38.1pp	9.4%	-48.5%-46.7pp	-3.5%+0.4pp
Return on Assets	0.5%0.0pp	0.9%+0.5pp	0.8%+2.6pp	0.0%+0.2pp	0.5%+2.4pp	0.4%+1.8pp	-1.8%-1.6pp	-0.2%+0.2pp
Current Ratio	0.940.0x	0.86+0.1x	0.98+0.1x	0.92+0.1x	0.96+0.1x	0.760.0x	0.850.0x	0.850.0x
Debt-to-Equity	3.04-2.0x	2.51-4.5x	4.48-3.8x	4.83-0.9x	5.02-0.3x	7.00	8.32+5.3x	5.76+2.8x
Asset Turnover	0.470.0x	0.500.0x	0.460.0x	0.460.0x	0.500.0x	0.550.0x	0.490.0x	0.460.0x
FCF Margin	-18.4%-2.5pp	21.8%+1.0pp	-3.5%-2.1pp	6.0%+7.9pp	-15.9%-5.2pp	20.8%+8.7pp	-1.5%-5.2pp	-1.8%-6.7pp

Note: The current ratio is below 1.0 (0.86), indicating current liabilities exceed current assets, which may suggest potential short-term liquidity concerns.

Similar Companies

Newest fiscal year on record for each company. The health score is the peer-relative Financial Health Score for that year; a dash means no score is published for it.

Company	Fiscal year	Revenue	Net income	Net margin	Market cap	Health score
QUAD/GRAPHICS, INC. QUAD	FY2025	$2.4B	$27.0M	1.1%	$480.6M	33/100
Spire Global, Inc. SPIR	FY2025	$71.6M	$51.3M	71.7%	$401.7M	33/100
EASTMAN KODAK COMPANY KODK	FY2025	$1.1B	-$128.0M	-12.0%	$901.7M	59/100
Cass Information Systems Inc CASS	FY2025	$191.1M	$35.1M	18.4%	$683.8M	22/100
BlackSky Technology Inc. BKSY	FY2025	$106.6M	$70K	0.1%	$856.1M	36/100
Transcat Inc TRNS	FY2026	$331.9M	$5.4M	1.6%	$807.1M	56/100

Where QUAD/GRAPHICS, INC. Ranks

Frequently Asked Questions

What is QUAD/GRAPHICS, INC.'s annual revenue?

QUAD/GRAPHICS, INC. (QUAD) reported $2.4B in total revenue for fiscal year 2025. This represents a -9.4% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.

How fast is QUAD/GRAPHICS, INC.'s revenue growing?

QUAD/GRAPHICS, INC. (QUAD) revenue declined by 9.4% year-over-year, from $2.7B to $2.4B in fiscal year 2025.

Is QUAD/GRAPHICS, INC. profitable?

Yes, QUAD/GRAPHICS, INC. (QUAD) reported a net income of $27.0M in fiscal year 2025, with a net profit margin of 1.1%.

What is QUAD/GRAPHICS, INC.'s EBITDA?

QUAD/GRAPHICS, INC. (QUAD) had EBITDA of $176.5M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.

How much debt does QUAD/GRAPHICS, INC. have?

As of fiscal year 2025, QUAD/GRAPHICS, INC. (QUAD) had $63.3M in cash and equivalents against $322.9M in long-term debt.

What is QUAD/GRAPHICS, INC.'s gross margin?

QUAD/GRAPHICS, INC. (QUAD) had a gross margin of 21.6% in fiscal year 2025, indicating the percentage of revenue retained after direct costs of goods sold.

What is QUAD/GRAPHICS, INC.'s operating margin?

QUAD/GRAPHICS, INC. (QUAD) had an operating margin of 4.0% in fiscal year 2025, reflecting the profitability of core business operations before interest and taxes.

What is QUAD/GRAPHICS, INC.'s net profit margin?

QUAD/GRAPHICS, INC. (QUAD) had a net profit margin of 1.1% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.

Does QUAD/GRAPHICS, INC. pay dividends?

Yes, QUAD/GRAPHICS, INC. (QUAD) paid $0.30 per share in dividends during fiscal year 2025.

What is QUAD/GRAPHICS, INC.'s return on equity (ROE)?

QUAD/GRAPHICS, INC. (QUAD) has a return on equity of 21.0% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.

What is QUAD/GRAPHICS, INC.'s free cash flow?

QUAD/GRAPHICS, INC. (QUAD) generated $50.7M in free cash flow during fiscal year 2025. This represents a -9.0% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.

What is QUAD/GRAPHICS, INC.'s operating cash flow?

QUAD/GRAPHICS, INC. (QUAD) generated $95.9M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.

What are QUAD/GRAPHICS, INC.'s total assets?

QUAD/GRAPHICS, INC. (QUAD) had $1.3B in total assets as of fiscal year 2025, including both current and long-term assets.

What are QUAD/GRAPHICS, INC.'s capital expenditures?

QUAD/GRAPHICS, INC. (QUAD) invested $45.2M in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.

How much does QUAD/GRAPHICS, INC. spend on research and development?

QUAD/GRAPHICS, INC. (QUAD) invested $2.9M in research and development during fiscal year 2025.

Does QUAD/GRAPHICS, INC. buy back shares?

Yes, QUAD/GRAPHICS, INC. (QUAD) spent $8.0M on share buybacks during fiscal year 2025, returning capital to shareholders by reducing shares outstanding.

What is QUAD/GRAPHICS, INC.'s current ratio?

QUAD/GRAPHICS, INC. (QUAD) had a current ratio of 0.86 as of fiscal year 2025, which is below 1.0, which may suggest potential liquidity concerns.

What is QUAD/GRAPHICS, INC.'s debt-to-equity ratio?

QUAD/GRAPHICS, INC. (QUAD) had a debt-to-equity ratio of 2.51 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.

What is QUAD/GRAPHICS, INC.'s return on assets (ROA)?

QUAD/GRAPHICS, INC. (QUAD) had a return on assets of 2.2% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.

What is QUAD/GRAPHICS, INC.'s P/E ratio?

QUAD/GRAPHICS, INC. (QUAD) trades at 17.5x earnings, its market capitalization divided by net income of $27.4M net income, trailing 12 months to March 31, 2026. The market capitalization is $480.6M as of Oct 10, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.

What is QUAD/GRAPHICS, INC.'s price-to-sales ratio?

QUAD/GRAPHICS, INC. (QUAD) trades at 0.2x sales, its market capitalization divided by revenue of $2.4B revenue, trailing 12 months to March 31, 2026. The market capitalization is $480.6M as of Oct 10, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.

What is QUAD/GRAPHICS, INC.'s Altman Z-Score?

QUAD/GRAPHICS, INC. (QUAD) has an Altman Z-Score of 1.66, placing it in the Distress Zone (elevated bankruptcy risk). The Z-Score combines five financial ratios (working capital, retained earnings, EBIT, market capitalization, and revenue relative to total assets) to predict the likelihood of bankruptcy. Scores above 2.99 indicate financial safety while scores below 1.81 suggest financial distress. Learn more in our complete guide to financial health indicators.

What is QUAD/GRAPHICS, INC.'s Piotroski F-Score?

QUAD/GRAPHICS, INC. (QUAD) has a Piotroski F-Score of 6 out of 8 computable signals; 1 of the nine could not be computed from available data, so the full-scale strength rating is not shown. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.

Are QUAD/GRAPHICS, INC.'s earnings high quality?

QUAD/GRAPHICS, INC. (QUAD) has an earnings quality ratio of 3.55x, considered cash-backed (high quality). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.

Can QUAD/GRAPHICS, INC. cover its interest payments?

QUAD/GRAPHICS, INC. (QUAD) has an interest coverage ratio of 1.92x, meaning it can struggle to cover its interest obligations. This ratio divides operating income by interest expense. Ratios above 5x indicate strong debt-servicing ability, while ratios below 2x suggest the company may face difficulty meeting interest payments if earnings decline. Learn more in our complete guide to financial health indicators.

How financially healthy is QUAD/GRAPHICS, INC.?

QUAD/GRAPHICS, INC. (QUAD) scores 33 out of 100 on our Financial Health Score, indicating weak standing within its operating companies peer group. The score is a 0-100 composite of six dimensions (Profitability, Growth, Leverage, Liquidity, Cash Flow, Returns), each ranked as a percentile relative to companies in the same scoring family (banks against banks, REITs against REITs, and so on) rather than across all industries. It rates the quality of the business, not whether the stock is fairly priced, and is not financial advice. Learn more in our complete guide to financial health indicators.