QUADNYSECommercial PrintingFiscal year ends December 31

Quad/Graphics, Inc.

Financials through Q1 FY2026, quarter ended Mar 31, 2026Last filing: 10-Q on Jul 29, 2026

$9.27−0.18 (-1.90%)

Close on Oct 19, 2026

Market cap: $459.79M
P/E (TTM): 17.2
Dividend yield: 3.24%

Quad/Graphics, Inc. income statement

Annual Quarterly TTM

Millions of USD, except per-share data. Shares in millions.

Line item	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31	FY 2020 2020-12-31	FY 2019 2019-12-31	FY 2018 2018-12-31	FY 2017 2017-12-31	FY 2016 2016-12-31	FY 2015 2015-12-31	FY 2014 2014-12-31	FY 2013 2013-12-31	FY 2012 2012-12-31	FY 2011 2011-12-31	FY 2010 2010-12-31	FY 2009 2009-12-31
Revenue	2,420	2,672	2,958	3,217	2,960	2,930	3,923	3,986	3,951	4,330	4,597	4,778	4,796	4,094	4,325	3,186	1,789
Cost of Revenue	1,897	2,092	2,381	2,619	2,390	2,335	3,192	3,221	3,091	3,395	3,680	3,807	3,802	3,184	3,302	2,406	1,274
Gross Profit	523	580	577	598	571	595	731	764	860	935	917	971	994	911	1,023	780	514
Research & Development	2.90	3.20	3.10	3.30	3.10	3.00	3.60	3.60	9.00	9.30	10	11	13	13	17	17	14
Selling, General & Admin	326	357	345	359	326	335	398	359	409	467	448	426	416	347	407	303	194
Total Costs & Expenses	2,323	2,653	2,932	3,164	2,868	2,976	3,889	3,899	3,778	4,212	5,427	4,636	4,654	3,988	4,168	3,124	1,676
Operating Income	97	19	26	54	93	-46	35	87	173	117	-830	141	142	107	157	62	112
Interest Expense	51	65	70	48	60	69	90	73	71	77	88	93	86	84	108	93	64
Income from Equity Investments	–	–	–	0	0.30	-0.20	-0.30	1.00	0	-1.40	-6.30	-2.70	-2.50	2.30	3.10	9.10	6.30
Merger & Restructuring Charges	22	102	78	45	19	124	89	103	60	74	165	67	95	118	114	148	11
Asset Impairment Charges	7.50	75	25	2.20	35	76	100	27	12	27	95	14	22	23	28	44	0
Gain (Loss) on Investments	0	4.10	0	–	–	–	–	–	–	–	–	–	–	–	–	–	–
Gain (Loss) on Sale of Assets	21	23	11	2.30	49	1.80	6.60	18	6.90	9.00	4.10	-0.40	0.80	0.60	0.70	-0.50	-0.80
Pretax Income	33	-45	-43	18	47	-106	-80	27	109	59	-918	41	57	23	15	-31	48
Income Tax Expense	5.50	6.40	13	8.40	9.50	0.30	-24	-2.40	-9.20	13	-283	20	23	-32	26	223	1.50
Income from Continuing Operations	27	-51	-55	9.30	38	-106	-56	31	118	–	–	18	31	56	-8.00	-245	53
Income from Discontinued Operations	–	–	–	–	0	-22	-101	-22	-11	–	–	–	0	31	-39	-4.60	0
Net Income incl. Noncontrolling Interests	27	-51	-55	9.30	38	-129	-156	7.90	107	45	-642	18	31	87	-47	-250	53
Minority Interest in Earnings	–	–	–	–	0	-0.20	0	-0.60	0	0	0	-0.30	-1.60	-0.30	0.30	0.10	0.30
Net Income	–	–	–	–	38	-128	-156	8.50	107	45	-642	19	33	87	-47	-250	53
Net Income to Common	–	–	–	–	–	–	–	–	–	45	-642	18	31	84	-47	-250	–
EPS (Basic)(per share)	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
EPS (Diluted)(per share)	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 Outstanding (Basic, Weighted)(shares)	48	48	48	51	51	51	50	50	50	48	48	48	47	47	47	38	28
Shares Outstanding (Diluted, Weighted)(shares)	50	48	48	53	53	51	50	52	52	50	48	49	48	47	47	38	29
Dividend per Share(per share)	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
Net Interest Income	–	–	–	1.70	7.60	5.60	-0.80	–	–	–	–	–	–	–	–	–	–

Italic numbers are calculated by StockData (for example Q4 = full year − nine months). Per-share data and share counts are adjusted for stock splits. Hover a number for its source; click it to open the filing on SEC.gov. Click a row to chart it.

Ratios

Latest available, balances at Mar 31, 2026

Profitability, TTM

Gross margin: 21.8%
Operating margin: 4.0%
Net margin: –
Return on equity, FY2025: –

Financial strength

Current ratio: 0.94
Debt to equity: 3.42
Debt to assets: 35.2%
Cash to current liabilities: 1.3%

Valuation

P/E ratio: 17.2
Price to sales: 0.19
Price to book: 3.63
Dividend yield: 3.24%