Quad/Graphics, Inc. (QUAD)
Quad/Graphics, Inc. provides marketing solutions in North America, Mexico, Central America, the Caribbean, Europe, the Middle East, Africa, South America, and Asia. The company operates through United States Print and Related Services, and International segments. It offers printing services, such as retail inserts, long-run 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; paper procurement services; and manufactures ink. The company also provides marketing and other services, including data intelligence and analytics, technology solutions, media planning, placement and optimization, creative strategy, and content creation, as well as execution in non-print digital and broadcast channels; and provides medical services. It serves blue-chip companies that operate in various industries and serve businesses and consumers across various industry verticals, including retail, consumer packaged goods and direct-to-consumer, financial services, and health. Quad/Graphics, Inc. was founded in 1971 and is headquartered in Sussex, Wisconsin.
- Symbol
- QUAD
- Exchange
- NYSE
- Sector
- Industrials
- Industry
- Specialty Business Services
- Market cap
- $458.87M
- 52 week range
- 5.12 - 11.15
Valuation
- Share price
- $9.25 (close of 2026-09-23)
- P/E (TTM)
- 16.65x
- Price to book
- 3.62x
- Price to free cash flow
- 10.43x
- Enterprise value
- $955.27M
- Book value per share
- $2.65
Price performance
| Period | Change |
|---|
| 1 day | -2.63% |
| 5 days | -3.34% |
| 1 month | -10.28% |
| 3 months | +15.34% |
| 6 months | +39.94% |
| Year to date | +47.53% |
| 1 year | +41.22% |
| 3 years | +86.87% |
| 5 years | +119.71% |
| 10 years | -65.08% |
| All time | -80.73% |
Profitability and growth
- Return on equity
- 21.00%
- Return on invested capital
- 17.97%
- Return on assets
- 2.16%
- Return on capital employed
- 15.43%
- Gross margin
- 21.62%
- Net margin
- 1.12%
- EBITDA margin
- 7.04%
- Revenue growth
- -9.44%
- Net income growth
- 153.05%
- Free cash flow growth
- -8.98%
Cash flow and balance sheet
- Free cash flow yield (TTM)
- 9.59%
- Current ratio
- 0.94x
- Net debt to EBITDA
- 3.12x
Latest reported year
- Period end
- 2025-12-31
- Fiscal year
- 2025
- Revenue
- $2.42B
- Cost of revenue
- $1.90B
- Gross profit
- $523.30M
- EBITDA
- $170.40M
- Net income
- $27.00M
- Earnings per share
- $0.57
- Research and development
- $2.90M
- Interest expense
- $50.50M
- Shares outstanding
- 47.60M
Income statement by year
| Period end | Revenue | Gross profit | Net income | EPS |
|---|
| 2025-12-31 | $2.42B | $523.30M | $27.00M | $0.57 |
| 2024-12-31 | $2.67B | $580.00M | $-50.90M | $-1.07 |
| 2023-12-31 | $2.96B | $576.50M | $-55.40M | $-1.14 |
| 2022-12-31 | $3.22B | $598.20M | $9.30M | $0.18 |
| 2021-12-31 | $2.96B | $570.50M | $37.80M | $0.74 |
| 2020-12-31 | $2.93B | $594.80M | $-128.30M | $-2.53 |
| 2019-12-31 | $3.92B | $731.20M | $-156.30M | $-3.12 |
| 2018-12-31 | $3.99B | $764.40M | $8.50M | $0.17 |
| 2017-12-31 | $3.95B | $859.90M | $107.20M | $2.16 |
| 2016-12-31 | $4.33B | $934.70M | $44.90M | $0.94 |
Margins and returns by year
| Period end | Gross margin | Net margin | Return on equity | Return on capital |
|---|
| 2025-12-31 | 21.62% | 1.12% | 21.00% | 17.97% |
| 2024-12-31 | 21.70% | -1.90% | -102.00% | 2.64% |
| 2023-12-31 | 19.49% | -1.87% | -46.36% | 1.86% |
| 2022-12-31 | 18.59% | 0.29% | 5.38% | 5.42% |
| 2021-12-31 | 19.27% | 1.28% | 27.63% | 9.38% |
| 2020-12-31 | 20.30% | -4.38% | -151.30% | -4.42% |
| 2019-12-31 | 18.64% | -3.98% | -63.98% | 2.52% |
| 2018-12-31 | 19.18% | 0.21% | 1.85% | 6.61% |
| 2017-12-31 | 21.76% | 2.71% | 20.52% | 12.31% |
| 2016-12-31 | 21.59% | 1.04% | 10.17% | 6.83% |
Cash and debt by year
| Period end | Cash | Debt |
|---|
| 2025-12-31 | $63.30M | $322.90M |
| 2024-12-31 | $29.20M | $349.10M |
| 2023-12-31 | $52.90M | $362.50M |
| 2022-12-31 | $25.20M | $506.70M |
| 2021-12-31 | $179.90M | $554.90M |
| 2020-12-31 | $55.20M | $902.70M |
| 2019-12-31 | $78.70M | $1.06B |
| 2018-12-31 | $69.50M | $882.60M |
| 2017-12-31 | $64.40M | $903.50M |
| 2016-12-31 | $19.20M | $1.02B |
Free cash flow by year
| Period end | Free cash flow | Stock-based compensation |
|---|
| 2025-12-31 | $50.70M | $6.60M |
| 2024-12-31 | $55.70M | $7.30M |
| 2023-12-31 | $76.80M | $5.60M |
| 2022-12-31 | $94.30M | $6.00M |
| 2021-12-31 | $86.50M | $6.20M |
| 2020-12-31 | $129.20M | $10.60M |
| 2019-12-31 | $44.50M | $13.60M |
| 2018-12-31 | $164.30M | $15.60M |
| 2017-12-31 | $258.10M | $16.40M |
| 2016-12-31 | $247.50M | $15.20M |
Dividend history
- Most recent payment
- 2026-08-17
- Paid in the last twelve months
- $0.38
| Payment date | Dividend per share |
|---|
| 2026-08-17 | $0.10 |
| 2026-05-21 | $0.10 |
| 2026-02-27 | $0.10 |
| 2025-11-17 | $0.07 |
| 2025-08-18 | $0.07 |
| 2025-05-22 | $0.07 |
| 2025-02-28 | $0.07 |
| 2024-11-18 | $0.05 |
Investor relations
Next earnings report
- Next confirmed report
- 2026-10-27
- Consensus EPS estimate
- $0.36
Past earnings dates
| Reported | Fiscal period | EPS estimate |
|---|
| 2026-07-28 | Jun/2026 | $0.20 |
| 2026-04-28 | - | - |
| 2026-02-17 | - | - |
| 2025-10-28 | - | - |
| 2025-07-29 | - | - |
| 2025-04-29 | - | - |
| 2025-02-18 | - | - |
| 2024-10-28 | - | - |
Filings and sources
- Company website
- quad.com
- SEC filings
- 10-K, 10-Q and 8-K on EDGAR
- Earnings calendar
- All upcoming reports
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