MARKETS / NYSE / QUAD
NYSE · COMMERCIAL PRINTING · MID CAP

Quad/Graphics, Inc. QUAD

17 fiscal years on record · USD · FY2025 reported
SEC FILINGS ONLY
Revenue · FY2025
$2.4B
▼ 9.4% vs FY2024
Dividend streak
1 yrs
Raised every year since 2025
EPS · FY25
$0.54
Dividend / sh · FY25
$0.30
Payout · FY25
53%
ROE · FY25
Net margin · FY25
1.1%
Dividend coverage
1.8×
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Result
USD 2.4B
Revenue, FY2025 · full 17-year series below
Revenue Net income
2462.40.02009201220152018202120242025
2462.40.02016201920222025

1 cents of every revenue dollar became profit this year.

Per share
USD 0.54
Diluted EPS, FY2025
EPS Dividend
1230.300.542009201220152018202120242025
1230.300.542016201920222025

Earnings covered the dividend 1.8 times — the rest stayed in the company.

Profitability
Return on equity, FY2025
ROE
102030402009201220152018202120242025
102030402016201920222025
Operating margin4.0%
Net margin1.1%
Return on assets2.1%

Returned to shareholders
USD 22.4M
returned in FY2025 · dividends + net buybacks
Dividends paidUSD 14.4M
Net buybacksUSD 8.0M
Share of profit83.0%
Consecutive raises1 years

USD 14.4M in dividends and USD 8.0M in buybacks — 83% of the year's profit went back to shareholders.

Growth
−3.8% a year
revenue, compounded over five years
CAGR
3 yrs
5 yrs
10 yrs
15 yrs
Revenue
−9.1%
−3.8%
−6.2%
−1.8%
Net income
+42.7%
EPS, diluted
+44.2%
Dividend / share
+14.9%
−12.9%
−3.3%
Returned to shareholders
+25.3%
+18.7%
−9.7%
+3.2%

Compound annual rates per period — left blank where the series crosses a loss.

Share base
Shares outstanding, FY2025
Change, 5 years
Change, 10 years

A share split breaks the comparison across the period, so we leave it out.

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Balance sheet
USD 1.3B
total assets, end of FY2025
Total assetsUSD 1.3B
EquityUSD -59.5M
CashUSD 63.3M
Gross debtUSD 369.9M
Net debtUSD 306.6M
Current ratio0.86×

Net debt stands at -515% of equity.

History
17 fiscal years
Every figure from documents filed with the SEC · USD
Metric
2025
2024
2023
2022
2021
2020
2019
2018
2017
2016
2015
2014
2013
2012
2011
2010
2009
Revenue $B
2.4
2.7
3.0
3.2
3.0
2.9
3.9
4.0
4.0
4.3
4.6
4.8
4.8
4.1
4.3
3.2
1.8
Operating income $B
0.1
0.0
0.0
0.1
0.1
−0.0
0.0
0.1
0.2
0.1
−0.8
0.1
0.1
0.1
0.2
0.1
0.1
EBITDA $B
0.2
0.1
0.1
0.2
0.2
0.1
0.2
0.3
0.4
0.3
−0.6
0.4
0.4
0.4
0.4
0.3
0.3
Income tax $B
0.0
0.0
0.0
0.0
0.0
0.0
−0.0
−0.0
−0.0
0.0
−0.3
0.0
0.0
−0.0
0.0
0.2
0.0
Net income $B
0.0
−0.1
−0.1
0.0
0.0
−0.1
−0.2
0.0
0.1
0.0
−0.6
0.0
0.0
0.1
−0.0
−0.3
0.1
EPS, diluted $
0.54
−1.07
−1.14
0.18
0.71
−2.53
−3.12
0.16
2.07
0.90
−13.40
0.38
0.65
1.78
−1.00
−6.67
1.81
Dividend / sh $
0.30
0.20
0.00
·
0.00
0.15
1.05
1.20
1.20
1.20
1.20
1.20
1.20
3.00
0.60
0.50
0.50
Payout %
53
−18
−0
15
4
−7
−37
740
58
136
−10
329
174
174
−60
−6
27
ROE %
·
·
·
6.8
34.2
−82.6
−46.7
1.8
22.2
10.2
−55.7
1.5
2.6
6.9
−3.4
−16.9
·
Shares out B
·
·
·
·
·
·
·
·
·
·
·
·
·
·
·
·
·

Slide the table for earlier years · "·" marks figures not disclosed in the filing for that year.

How we verifyAUDITED
49 of 49
checks passed before publication
EPS recomputationBalance-sheet identityGross profitBalance-sheet liquidity

Every figure was compared against the original statement: 0 failures and 0 presentation gaps.

What we don’t show

We’d rather say what’s missing than fill the gap with an estimate.

P/E rationeeds a market quote — not yet licensed
Market capitalizationneeds a market quote — not yet licensed
Dividend yieldneeds a market quote — not yet licensed
Price-to-bookneeds a market quote — not yet licensed