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NYSE · COMMERCIAL PRINTING · MID CAP

Quad/Graphics, Inc. QUAD

17 fiscal years on record · USD · FY2025 reported · SEC filings only
$2.4B
▼ 9.4% YoY
$27.0M
$50.7M
▼ 9.0% YoY

Slide the table for earlier years · "·" marks a figure not available in our data for that year.

In brief

What this company does

The Company supports approximately 2,100 clients that serve businesses and consumers across multiple industry verticals, with a particular focus on commerce, financial services and health. The Company produces print products such as catalogs, direct mail, in-store signage and displays, and packaging, as well as larger-scale print products such as magazines, retail inserts and directories. Quad was founded in Pewaukee, Wisconsin, as a Wisconsin corporation, in 1971 by Harry V. Quadracci. In 2019, the Company evolved its brand from Quad/Graphics to Quad.

Written from the business description in Quad/Graphics, Inc.'s annual report to the U.S. Securities and Exchange Commission, filed 18 February 2026. Every sentence was checked against that document before publication.

Growth

USD 2.4B
Revenue, FY2025 · full 17-year series below
Revenue $B Net income $B
FY2025 · Revenue 2.4 · Net income 0.0
2.00B4.00B-0.25B-0.50B
2009201220152018202120242025
Compound annual growth
−9.1%
−3.8%
−6.2%
−1.8%
+42.7%
+44.2%
+25.3%
+18.7%
−9.7%
+3.2%
3 yrs
5 yrs
10 yrs
15 yrs

Revenue compounded at −3.8% a year over the five years to FY2025.

Compound annual rates per period — left blank where that exact year isn't on file, the series crosses a loss, or (per-share rows) a split falls inside the window.

Profitability

1 cents
of every revenue dollar became profit
Operating margin Net margin
FY2025 · Operating 4.0% · Net 1.1%
2%4%6%-5%-10%-15%
200920172025
ROE
FY2022 · ROE 6.8%
10%20%30%-50%
200920172025
Three returns, three denominators.
Return on equityNot applicable: equity was zero or negative in this period, so return on equity has no meaning.

Return on equity has no reading this year — return on capital employed, just below, still does: 16%.

Cash & shareholders

USD 22.4M
returned in FY2025 · dividends + net buybacks
Free cash flow $M
FY2025 · FCF 50.7
150M300M
200920172025
Net buybacks $M Dividends $M
FY2025 · Dividends 14.4 · Net buybacks 8.0
100M200M-10M-20MDividendsNet buybacks
200920112013201520172019202120232025

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

Total assetsUSD 1.3B
EquityUSD -59.5M
CashUSD 63.3M
Gross debtUSD 369.9M
Net debtUSD 306.6M
Current ratio0.86×

Equity was zero or negative — liabilities equaled or exceeded assets. No ratio is shown.

The 17-year record

17 fiscal years
Every figure from documents filed with the SEC · USD
row low → row highnegative—not applicable◌not available in our data
QUAD, 17-year financial record
Metric 20252024202320222021202020192018201720162015201420132012201120102009
Revenue $B2.42.73.03.23.02.93.94.04.04.34.64.84.84.14.33.21.8
Operating income $B0.10.00.00.10.1−0.00.00.10.20.1−0.80.10.10.10.20.10.1
EBITDA $B0.20.10.10.20.20.10.20.30.40.3−0.60.40.40.40.40.30.3
Income tax $B0.00.00.00.00.00.0−0.0−0.0−0.00.0−0.30.00.0−0.00.00.20.0
Net income $B0.0−0.1−0.10.00.0−0.1−0.20.00.10.0−0.60.00.00.1−0.0−0.30.1
Free cash flow $B0.10.10.10.10.10.10.00.20.30.20.20.20.30.30.20.00.2
EPS, diluted $0.54−1.07−1.140.180.71−2.53−3.120.162.070.90−13.400.380.651.78−1.00−6.671.81
Dividend / sh $0.300.200.00◌0.000.151.051.201.201.201.201.201.203.000.600.500.50
Payout %53−18−0154−7−3774058136−10329174174−60−627
ROE %———6.834.2−82.6−46.71.822.210.4−81.41.52.66.9−3.4−16.9◌

Slide the table for earlier years. "—" not applicable · "◌" not available in our data.

Compare

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Provenance

Company facts, as filed

How we verify · 0 failures in 66 reconciliationsAUDITED

Reconciled in 17 of the 17 fiscal years we could check. Four checks were skipped: the balance sheet is not tagged before 2009. Two checks were skipped: EPS is not tagged before 2009. Two checks were skipped: revenue is not tagged before 2009.

EPS recomputationBalance-sheet identityGross profitBalance-sheet liquidityCurrency consistency0 failures
ActivityCommercial Printing
Listed onNYSE
Incorporated inWisconsin
Fiscal year endsDecember 31
SEC categorysmaller reporting company
Data on record since2009

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