QUAD
Quad/Graphics, Inc.
$8.27
-0.01 (-0.12%)
At close · Jul 8
View the 10-Q filed Apr 29, 2026
Customer concentration
— top customer 5% of revenue
One customer — 5% of revenue (the three months ended March 31, 2026)
“During the three months ended March 31, 2026, the Company’s largest client accounted for less than 5% of the Company’s net sales.”
Market Cap
$426.40M
Shares
51,559,523
Income-statement, balance-sheet and cash-flow figures extracted from the company's SEC filings — 10-K annual and 10-Q quarterly reports — and standardised for comparison across periods.
Revenue
$2.42B
-9.4%
FY2025
Net Income
$27M
+153%
FY2025
Gross Margin
21.62%
-0.1pp
FY2025
Operating Margin
4.01%
+3.3pp
FY2025
Diluted EPS
$0.54
+150.5%
FY2025
Operating Cash Flow
$95.9M
-15.1%
FY2025
Chart any reported metric, KPI or segment over time — the full statement history lives here
Search above to add metrics — fundamentals, product and segment revenue, company KPIs, valuation.
| Line Item | TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | FY2015 | FY2014 | FY2013 | FY2012 | FY2011 | FY2010 | FY2009 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| $2.37B | $2.42B | $2.67B | $2.96B | $3.22B | $2.96B | $2.93B | $3.92B | $3.99B | $3.95B | $4.33B | $4.6B | $4.78B | $4.8B | $4.09B | $4.32B | $3.19B | $1.79B | |
| — | — | — | — | $1.7M | $7.6M | $5.6M | -$800K | — | — | — | — | — | — | — | — | — | — | |
| $1.85B | $1.9B | $2.09B | $2.38B | $2.62B | $2.39B | $2.33B | $3.19B | $3.22B | $3.09B | $3.39B | $3.68B | $3.81B | $3.8B | $3.18B | $3.3B | $2.41B | $1.27B | |
| $516.8M | $523.3M | $580M | $576.5M | $598.2M | $570.5M | $594.8M | $731.2M | $764.4M | $859.9M | $934.7M | $916.8M | $970.5M | $994M | $910.5M | $1.02B | $779.5M | $514.3M | |
| — | 21.62% | 21.7% | 19.49% | 18.59% | 19.27% | 20.3% | 18.64% | 19.18% | 21.76% | 21.59% | 19.94% | 20.31% | 20.73% | 22.24% | 23.64% | 24.47% | 28.76% | |
| — | $2.9M | $3.2M | $3.1M | $3.3M | $3.1M | $3M | $3.6M | $3.6M | $9M | $9.3M | $10.3M | $11.3M | $13.4M | $13.2M | $16.9M | $17.3M | $14.3M | |
| $320.8M | $325.9M | $356.8M | $344.5M | $358.6M | $326M | $335.1M | $397.6M | $358.9M | $408.7M | $466.7M | $448.3M | $425.5M | $416M | $347.1M | $407M | $303M | $194M | |
| — | $5.2M | $17.5M | $27.9M | $30.9M | $31.5M | $39.1M | $44.8M | $34.4M | $18.3M | $50.7M | $79.6M | $75.9M | $70.3M | $66.3M | $65.8M | $34M | $2.1M | |
| — | — | — | — | — | — | — | — | — | — | — | — | $67.3M | $95.3M | $118.3M | $114M | — | — | |
| — | — | — | — | — | — | $42M | $300K | $4.6M | $5.3M | $12.1M | — | $6.4M | $10.1M | $13.1M | $3.6M | — | — | |
| $2.28B | $2.32B | $2.65B | $2.93B | $3.16B | $2.87B | $2.98B | $3.89B | $3.9B | $3.78B | $4.21B | $5.43B | $4.64B | $4.65B | $3.99B | $4.17B | $3.12B | $1.68B | |
| $95.1M | $97M | $19.2M | $25.7M | $53.5M | $92.8M | -$46M | $34.7M | $87.3M | $172.8M | $117.3M | -$830M | $141.3M | $142.2M | $106.5M | $156.9M | $61.6M | $112.4M | |
| — | 4.01% | 0.72% | 0.87% | 1.66% | 3.13% | -1.57% | 0.88% | 2.19% | 4.37% | 2.71% | -18.05% | 2.96% | 2.97% | 2.6% | 3.63% | 1.93% | 6.28% | |
| $48.1M | $50.5M | $64.5M | $70M | $48.4M | $59.6M | $68.8M | $90M | $73.2M | $70.9M | $77.2M | $88.4M | $92.9M | $85.5M | $84M | $108M | $92.9M | $64.1M | |
| — | — | — | — | — | $20.9M | $2.9M | -$8.4M | $17.3M | -$7.1M | -$1.3M | — | — | — | — | — | — | — | |
| — | — | — | — | $0 | $300K | -$200K | -$300K | $1M | $0 | -$1.4M | -$6.3M | -$2.7M | -$2.5M | $2.3M | $3.1M | $9.1M | $6.3M | |
| $33.6M | $32.5M | -$44.5M | -$42.6M | $17.7M | $47M | -$106.1M | -$79.8M | $26.5M | $108.9M | $59.3M | -$918.4M | $41.2M | $56.7M | $22.5M | $14.9M | -$31.3M | $48.3M | |
| $6.2M | $5.5M | $6.4M | $12.8M | $8.4M | $9.5M | $300K | -$24.4M | -$2.4M | -$9.2M | $13M | -$282.8M | $20.2M | $23.3M | -$31.5M | $26M | $223.2M | $1.5M | |
| $27.4M | $27M | -$50.9M | -$55.4M | $9.3M | $37.8M | -$128.3M | -$156.3M | $8.5M | $107.2M | $44.9M | -$641.9M | $18.6M | $32.5M | $87.4M | -$46.9M | -$250.1M | $52.8M | |
| — | 1.12% | -1.9% | -1.87% | 0.29% | 1.28% | -4.38% | -3.98% | 0.21% | 2.71% | 1.04% | -13.96% | 0.39% | 0.68% | 2.13% | -1.08% | -7.85% | 2.95% | |
| — | — | — | — | — | $0 | -$200K | $0 | -$600K | $0 | $0 | $0 | -$300K | -$1.6M | -$300K | $300K | $100K | $300K | |
| — | — | — | — | — | — | — | — | — | — | $44.9M | -$641.9M | $18.3M | $31.4M | $84.2M | -$46.9M | -$250.1M | — | |
| — | — | — | — | — | $47.9M | -$132.4M | -$171.3M | -$16.4M | $135.4M | $44.8M | -$677.8M | -$92.4M | $87.3M | $64.8M | -$137M | -$194M | $59.7M | |
| USD/shares | — | $0.57 | -$1.07 | -$1.14 | $0.18 | $0.74 | -$2.53 | -$3.12 | $0.17 | $2.16 | $0.94 | -$13.40 | $0.39 | $0.67 | $1.80 | -$1.00 | -$6.67 | $1.87 |
| USD/shares | — | $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 |
| shares | — | 47.6M | 47.6M | 48.4M | 50.7M | 51.3M | 50.6M | 50M | 49.8M | 49.6M | 47.9M | 47.9M | 47.5M | 47M | 46.8M | 47.1M | 37.5M | 28.3M |
| shares | — | 49.9M | 47.6M | 48.4M | 52.5M | 53M | 50.6M | 50M | 51.6M | 51.8M | 49.8M | 47.9M | 48.5M | 48M | 47.2M | 47.1M | 37.5M | 29.2M |
Italic rows are computed from reported lines — open a row's info icon for its formula. Values reflect the latest filing (restatements included); per-share figures on today's split basis. Click a value for its source filing.
TTM: trailing twelve months through the latest reported quarter — flows sum the last four quarters, balances take the latest. 3Y/5Y/10Y columns are trailing CAGR from the newest fiscal year; blank where an endpoint is missing or negative.
Capital Returned to Shareholders
Cash spent on share repurchases and dividends per fiscal year, as reported on the cash-flow statement. Across FY2009–FY2025: $101.2M in buybacks, $667.8M in dividends.
Price & Valuation
Multiples computed on the strict TTM/EV methodology — today's snapshot against the industry, and each ratio recomputed as of past filing dates.
Valuation
EV/Revenue
—
EV/EBIT
—
P/E (TTM)
14.77×
Specialty Business Services median 36.14×
Valuation over time computed as of each quarter's filing date
Revenue Breakdown
Annual revenue as the company disaggregates it in its own XBRL filings. Years a component wasn't reported show a dash.
Share mode is each component's slice of the reported components that year — issuers rarely tag every revenue dollar, so slices need not sum to total revenue.
By Segment (USD)
| Component | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 |
|---|---|---|---|---|---|---|---|---|
| United States Print and Related Services | $2,214,400,000 | $2,329,500,000 | $2,554,300,000 | $2,794,700,000 | $2,628,600,000 | $2,627,600,000 | $3,521,000,000 | $3,598,700,000 |
| International | $205,500,000 | $342,700,000 | $403,400,000 | $422,300,000 | $331,800,000 | $302,000,000 | $402,400,000 | $387,100,000 |
By Product & Service (USD)
| Component | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 |
|---|---|---|---|---|---|---|---|---|
| Total Products | $1,891,300,000 | $2,099,200,000 | $2,334,100,000 | $2,528,300,000 | $2,247,100,000 | $2,228,700,000 | $3,098,300,000 | — |
| Product | $1,891,300,000 | $2,099,200,000 | $2,334,100,000 | $2,528,300,000 | $2,247,100,000 | $2,228,700,000 | $3,098,300,000 | — |
| Catalog Publications Retail Inserts Books and Directories | $1,257,600,000 | $1,479,300,000 | $1,652,200,000 | $1,758,800,000 | $1,600,100,000 | $1,632,000,000 | $2,315,700,000 | $2,452,600,000 |
| Direct Mail and Other Printed Products | $624,600,000 | $609,500,000 | $673,400,000 | $758,800,000 | $637,700,000 | $591,600,000 | $765,300,000 | $704,000,000 |
| Total Services | $528,600,000 | $573,000,000 | $623,600,000 | $688,700,000 | $713,300,000 | $700,900,000 | $825,100,000 | — |
| Service | $528,600,000 | $573,000,000 | $623,600,000 | $688,700,000 | $713,300,000 | $700,900,000 | $825,100,000 | — |
| Imaging Marketing Services and Other Services | $302,400,000 | $308,900,000 | $353,100,000 | $359,000,000 | $348,000,000 | $326,500,000 | $378,700,000 | $353,800,000 |
| Logistic Services | $226,200,000 | $264,100,000 | $270,500,000 | $329,700,000 | $365,300,000 | $374,400,000 | $446,400,000 | $447,600,000 |
| Other Revenues | $9,100,000 | $10,400,000 | $8,500,000 | $10,700,000 | $9,300,000 | $5,100,000 | $17,300,000 | $27,800,000 |
Segment Operating Income
Annual operating income by business segment, as tagged in the company's own XBRL filings. Segments need not sum to the consolidated figure — corporate costs and eliminations are typically unallocated.
By Segment (USD)
| Component | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 |
|---|---|---|---|---|---|---|---|---|
| United States Print and Related Services | $131,700,000 | $112,800,000 | $56,600,000 | $108,300,000 | $163,100,000 | $1,700,000 | $130,100,000 | $183,300,000 |
| International | $7,900,000 | -$45,700,000 | $18,300,000 | -$4,500,000 | -$16,100,000 | -$800,000 | $8,600,000 | $1,500,000 |
| Corporate Non Segment | — | — | — | — | — | — | -$104,000,000 | -$97,500,000 |
| Operating Segments | — | — | — | — | — | — | $138,700,000 | $184,800,000 |
Operating Margin by Segment (%)
| Component | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 |
|---|---|---|---|---|---|---|---|---|
| United States Print and Related Services | 5.9% | 4.8% | 2.2% | 3.9% | 6.2% | 0.1% | 3.7% | 5.1% |
| International | 3.8% | -13.3% | 4.5% | -1.1% | -4.9% | -0.3% | 2.1% | 0.4% |
Key facts
CIK
1481792
CUSIP
747301109
13F (30d)
10 filings
5 filers
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