$7.53
-2.5%Quad/Graphics, Inc. provides marketing solutions worldwide. The company operates through United States Print and Related Services, and International segments. It offers printing services, such as retail inserts, publications, catalogs, special interest publications, journals, direct mail, directories, in-store marketing and promotion, packaging, newspapers, custom print products, and other commercial and specialty printed products; and paper procurement services. The company also provides marketing and other services, including consumer insights, audience targeting, personalization, media planning and placement, process optimization, campaign planning and creation, pre-media production, videography, photography, digital and print execution, and logistics, as well as manufactures ink. It serves blue chip companies that operate in various industries, and serve businesses and consumers comprising retailers, publishers, and direct marketers. The company was founded in 1971 and is headquartered in Sussex, Wisconsin.
Thin margins leave little room for error. Cost management and pricing strategy are critical.
Minimal operating profit suggests high operating costs or pricing challenges. Scalability is concerning.
Minimal profitability after all expenses. Limited financial flexibility for reinvestment or shareholder returns.
Moderate tax rate typical for most corporations. Represents standard tax burden on profits.
Efficient profit conversion: Minimal margin compression from gross to net indicates lean operations and favorable tax/interest environment.
QUAD • NYSE
| Quad/Graphics, Inc. Income Statement | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | Dec 2015 | Dec 2014 | Dec 2013 | Dec 2012 | Dec 2011 | Dec 2010 | Dec 2009 | Dec 2008 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
REVENUE | ||||||||||||||||||
2.4B | 2.7B | 3B | 3.2B | 3B | 2.9B | 3.9B | 4.2B | 4.1B | 4.3B | 4.7B | 4.9B | 4.8B | 4.1B | 4.3B | 3.4B | 1.8B | 2.3B | |
GROSS PROFIT | ||||||||||||||||||
(2B) | (2.2B) | (2.5B) | (2.8B) | (2.5B) | (2.5B) | (3.2B) | (3.4B) | (3.3B) | (3.4B) | (3.8B) | (3.9B) | (3.8B) | (3.2B) | (3.3B) | (2.6B) | (1.3B) | (1.7B) | |
444.7M | 480.7M | 450.8M | 460.2M | 416.3M | 416.2M | 731.2M | 764.4M | 872M | 934.7M | 916.8M | 970.5M | 994M | 910.5M | 1B | 810.2M | 514.3M | 586.1M | |
OPERATING INCOME | ||||||||||||||||||
(325.9M) | (353.6M) | (352M) | (359.8M) | (326.2M) | (333.9M) | (607.1M) | (602.8M) | (645.9M) | (731.7M) | (773.6M) | (761.9M) | (756.5M) | (685.7M) | (751.6M) | (590.7M) | (390.7M) | (401M) | |
(325.9M) | (350.4M) | (348.9M) | (356.5M) | (323.1M) | (330.9M) | (397.6M) | (372.1M) | (413.4M) | (454.6M) | (448.3M) | (425.5M) | (416M) | (347.1M) | (407M) | (316.2M) | (194M) | (196.7M) | |
(0.0) | (3.2M) | (3.1M) | (3.3M) | (3.1M) | (3M) | (3.6M) | (3.6M) | (9M) | (9.3M) | (10.3M) | (11.3M) | (13.4M) | (13.2M) | (0.0) | (0.0) | (0.0) | (0.0) | |
118.8M | 127.1M | 98.8M | 100.4M | 90.1M | 82.3M | 130.1M | 58M | 164.9M | 122.4M | -830M | 141.3M | 142.2M | 106.5M | 156.9M | 57M | 112.4M | 174.3M | |
PRE-TAX INCOME | ||||||||||||||||||
(50.5M) | (64.5M) | (70M) | (48.4M) | (59.6M) | (68.8M) | (90M) | (73.3M) | (71.1M) | (77.2M) | (88.4M) | (92.9M) | (85.5M) | (84M) | (108M) | (92.9M) | (64.1M) | (74.6M) | |
-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 | -74.6M | |
(0.0) | (0.0) | (0.0) | (0.0) | (0.0) | (0.0) | (209.5M) | (12.4M) | (232.5M) | (277.1M) | (325.3M) | (336.4M) | (340.5M) | (338.6M) | (344.6M) | (274.5M) | (390.7M) | (401M) | |
-86.3M | -171.6M | -141.4M | -82.7M | -42.8M | -188.6M | -114.5M | -60.8M | -81.6M | -58M | -88.4M | -100.1M | -85.5M | -84M | -142M | -92.9M | -64.1M | -74.6M | |
32.5M | -44.5M | -42.6M | 17.7M | 47.3M | -106.3M | -79.8M | -2.9M | 91.2M | 59.3M | -918.4M | 41.2M | 56.7M | 22.5M | 14.9M | -35.9M | 48.3M | 99.7M | |
NET INCOME | ||||||||||||||||||
(5.5M) | (6.4M) | (12.8M) | (8.4M) | (9.5M) | (300K) | -24.4M | -9.8M | -16M | (13M) | -282.8M | (20.2M) | (23.3M) | -31.5M | (26M) | (223.2M) | (1.5M) | (3.7M) | |
27M | -50.9M | -55.4M | 9.3M | 37.8M | -128.3M | -55.4M | 8.5M | 107.2M | 44.9M | -641.9M | 18.6M | 32.5M | 87.4M | -46.9M | -250.1M | 52.8M | 109.1M |
QUAD - Filing history and reports
| Filing Type | Filing Date | Period Ending | Fiscal Year | Actions |
|---|---|---|---|---|
8-K 8-K 2026 N/A | May 22, 2026 | May 20, 2026 | 2026 | |
10-Q 10-Q 2026 Q1 Q1 | April 29, 2026 | March 31, 2026 | 2026 | |
8-K 8-K 2026 N/A | April 28, 2026 | April 28, 2026 | 2026 | |
DEF 14A DEF 14A 2026 N/A | April 10, 2026 | May 20, 2026 | 2026 | |
10-K 10-K 2025 FY FY | February 18, 2026 | December 31, 2025 | 2025 | |
8-K 8-K 2026 N/A | February 17, 2026 | February 17, 2026 | 2026 | |
8-K 8-K 2026 N/A | February 17, 2026 | February 12, 2026 | 2026 | |
10-Q 10-Q 2025 Q3 Q3 | October 29, 2025 | September 30, 2025 | 2025 | |
8-K 8-K 2025 N/A | October 28, 2025 | October 28, 2025 | 2025 | |
10-Q 10-Q 2025 Q2 Q2 | July 30, 2025 | June 30, 2025 | 2025 |
Continue your QUAD research with focused valuation guides.
Snapshot
Start with context, operating signals, and key market metrics.
Value Model
Stress test fair value across bear, base, and bull assumptions.
Statements
Validate revenue quality, margins, and balance sheet durability.
Earnings Call
Read management commentary and compare it with reported outcomes.
Dividends
Check payout sustainability and long-term distribution behavior.
Analyst Expectations
Review consensus spread and where estimate risk is concentrated.