DLX vs QUAD
Deluxe Corp. and Quad/Graphics, Inc., side by side — 10 fiscal years reported in USD, drawn from SEC filings.
Most recent reported year
| Metric | DLX | QUAD |
|---|---|---|
| Revenue | $2.1B | $2.4B |
| Net income | $82.1M | $27.0M |
| Gross margin | 53.0% | 21.6% |
| Net margin | 3.9% | 1.1% |
| Return on equity | 12.6% | · |
| Diluted EPS | $1.80 | $0.54 |
| Dividend / share | $1.20 | $0.30 |
| Payout ratio | 67.2% | 53.3% |
| Free cash flow | $175.3M | $50.7M |
| Equity | · | $-59.5M |
| Net debt / equity | 2.05× | · |
| Current ratio | 1.04× | 0.86× |
| Revenue CAGR 5y | 3.6% | −3.8% |
| Profit CAGR 5y | 73.4% | · |
DLX and QUAD book revenue within 15% of each other, and keeps more of each dollar of revenue as profit (3.9% against 1.1%).
The stronger figure of the pair is set in bold. That is arithmetic, not a recommendation — this page does not pick a winner. "·" marks a figure not available in our data.
10 years side by side
| Fiscal year | DLX | QUAD |
|---|---|---|
| FY2025 | $2.1B | $2.4B |
| FY2024 | $2.1B | $2.7B |
| FY2023 | $2.2B | $3.0B |
| FY2022 | $2.2B | $3.2B |
| FY2021 | $2.0B | $3.0B |
| FY2020 | $1.8B | $2.9B |
| FY2019 | $2.0B | $3.9B |
| FY2018 | $2.0B | $4.0B |
| FY2017 | $2.0B | $4.0B |
| FY2016 | $1.8B | $4.3B |
Bottom line
| Fiscal year | DLX | QUAD |
|---|---|---|
| FY2025 | $82.1M | $27.0M |
| FY2024 | $52.8M | $-50.9M |
| FY2023 | $26.1M | $-55.4M |
| FY2022 | $65.4M | $9.3M |
| FY2021 | $62.6M | $37.8M |
| FY2020 | $5.2M | $-128.3M |
| FY2019 | $-223.8M | $-156.3M |
| FY2018 | $149.6M | $8.5M |
| FY2017 | $230.2M | $107.2M |
| FY2016 | $229.4M | $44.9M |
17 fiscal years
| Fiscal year | Difference | Ahead |
|---|---|---|
| FY2025 | −$286,700,000 | QUAD |
| FY2024 | −$550,400,000 | QUAD |
| FY2023 | −$765,400,000 | QUAD |
| FY2022 | −$978,990,000 | QUAD |
| FY2021 | −$938,203,000 | QUAD |
| FY2020 | −$1,138,819,000 | QUAD |
| FY2019 | −$1,914,685,000 | QUAD |
| FY2018 | −$1,987,775,000 | QUAD |
| FY2017 | −$1,985,644,000 | QUAD |
| FY2016 | −$2,480,438,000 | QUAD |
| FY2015 | −$2,824,283,000 | QUAD |
| FY2014 | −$3,103,518,000 | QUAD |
| FY2013 | −$3,211,076,000 | QUAD |
| FY2012 | −$2,579,083,000 | QUAD |
| FY2011 | −$2,907,004,000 | QUAD |
| FY2010 | −$1,783,563,000 | QUAD |
| FY2009 | −$444,305,000 | QUAD |
QUAD has reported the higher revenue in every one of these 17 fiscal years. The gap has narrowed since the earliest year compared.
17 of 18 comparable fiscal years — a year missing data on either side is not counted.
17 fiscal years
| Fiscal year | Difference | Ahead |
|---|---|---|
| FY2025 | +2.7 pp | DLX |
| FY2024 | +4.4 pp | DLX |
| FY2023 | +3.1 pp | DLX |
| FY2022 | +2.6 pp | DLX |
| FY2021 | +1.8 pp | DLX |
| FY2020 | +4.7 pp | DLX |
| FY2019 | −7.2 pp | QUAD |
| FY2018 | +7.3 pp | DLX |
| FY2017 | +9.0 pp | DLX |
| FY2016 | +11.4 pp | DLX |
| FY2015 | +26.3 pp | DLX |
| FY2014 | +11.6 pp | DLX |
| FY2013 | +11.1 pp | DLX |
| FY2012 | +9.1 pp | DLX |
| FY2011 | +11.3 pp | DLX |
| FY2010 | +18.7 pp | DLX |
| FY2009 | +4.4 pp | DLX |
The higher net margin has changed hands between DLX and QUAD over this period.
17 of 18 comparable fiscal years — a year missing data on either side is not counted.
Standard deviation, each side
DLX's net margin has been more volatile than QUAD's over the 17 comparable fiscal years — 6.1 percentage points of standard deviation against 4.2.
17 of 18 comparable fiscal years — a year missing data on either side is not counted.
Year by year
The lead in net margin changed hands between DLX and QUAD over these 17 fiscal years — DLX led in 16 and QUAD in 1.
17 of 18 comparable fiscal years — a year missing data on either side is not counted.
Standard deviation, each side
QUAD's return on equity has been more volatile than DLX's over the 13 comparable fiscal years — 35.3 percentage points of standard deviation against 27.3.
13 of 18 comparable fiscal years — a year missing data on either side is not counted.
Year by year
The lead in return on equity changed hands between DLX and QUAD over these 13 fiscal years — DLX led in 12 and QUAD in 1.
13 of 18 comparable fiscal years — a year missing data on either side is not counted.