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MARKETS / NYSE / QUAD
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
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-0.50B200920112013201520172019202120232025
Compound annual growth
−9.1%
−3.8%
−6.2%
−1.8%
+42.7%
+44.2%
+14.9%
−12.9%
−3.3%
+25.3%
+18.7%
−9.7%
+3.2%
3 yrs
5 yrs
10 yrs
15 yrs

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

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%200920112013201520172019202120232025
ROE
FY2022 · ROE 6.8%
10%20%30%-50%200920112013201520172019202120232025

Cash & shareholders
USD 22.4M
returned in FY2025 · dividends + net buybacks
Free cash flow $M
FY2025 · FCF 50.7
100M200M200920112013201520172019202120232025
Net buybacks $M Dividends $M
FY2025 · Dividends 14.4 · Net buybacks 8.0
80M-8M-16MDividendsNet buybacks200920112013201520172019202120232025

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 negative — liabilities 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
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 %···6.834.2−82.6−46.71.822.210.2−55.71.52.66.9−3.4−16.9·

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

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This company against its peers

Provenance
Company facts, as filed
How we verify · 0 failures in 66 reconciliationsAUDITED

Reconciled in 17 of 19 fiscal years. 12 checks could not be computed.

EPS recomputationBalance-sheet identityGross profitBalance-sheet liquiditymoeda_consistente0 failures
ActivityCommercial Printing
Listed onNYSE
Incorporated inWisconsin
Fiscal year endsDecember 31
SEC categorysmaller reporting company
Data on record since2009

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