QUADNYSECommercial PrintingFiscal year ends December 31

Quad/Graphics, Inc.

Financials through Q2 FY2026, quarter ended Jun 30, 2026Last filing: 10-Q on Jul 29, 2026

$9.27−0.18 (-1.90%)

Close on Oct 19, 2026

Market cap: $463.50M
P/E (TTM): 17.2
Dividend yield: 3.24%

Quad/Graphics, Inc. balance sheet

Annual Quarterly

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	FY 2008 2008-12-31
Cash & Equivalents	63	29	53	25	180	55	79	70	64	19	24	9.60	13	17	26	21	8.90	19
Cash & Short-Term Investments	63	29	53	25	180	55	79	70	64	19	24	9.60	13	17	26	21	8.90	19
Receivables	295	273	316	373	362	399	456	498	553	564	649	766	699	585	656	786	–	–
Inventory	144	162	179	261	226	170	211	279	247	265	280	288	273	243	250	247	–	–
Prepaid Expenses & Other	37	70	40	46	41	55	109	45	45	54	38	39	37	75	142	64	–	–
Other Current Assets	–	–	–	–	–	–	109	45	45	65	52	70	90	–	–	–	–	–
Total Current Assets	538	534	588	705	809	679	911	947	909	903	991	1,134	1,074	990	1,241	1,211	–	–
Property, Plant & Equipment	462	500	621	672	727	884	1,037	1,154	1,274	1,520	1,676	1,856	1,926	1,926	2,123	2,318	1,677	–
Gross Property, Plant & Equipment	2,898	3,063	3,624	3,770	3,823	4,188	4,496	4,601	4,895	4,887	4,911	4,973	4,839	4,693	4,694	4,627	–	–
Accumulated Depreciation	-2,436	-2,564	-3,004	-3,098	-3,096	-3,304	-3,460	-3,448	-3,517	-3,367	-3,235	-3,118	-2,914	-2,766	-2,571	-2,309	–	–
Land	53	57	66	68	74	98	103	107	123	126	136	143	–	–	–	–	–	–
Buildings & Improvements	510	548	639	652	658	780	846	874	925	935	953	960	–	–	–	–	–	–
Machinery & Equipment	2,158	2,279	2,728	2,854	2,884	3,094	3,337	3,411	3,617	3,574	3,604	3,601	–	–	–	–	–	–
Construction in Progress	18	20	35	31	25	33	35	33	33	60	24	40	–	–	–	–	–	–
Equity Method Investments	–	–	–	–	0	2.60	3.60	4.00	3.60	3.60	4.40	42	57	72	69	83	–	–
Operating Lease Right-of-Use Assets	68	79	97	111	126	81	98	0	–	–	–	–	–	–	–	–	–	–
Goodwill	108	100	103	86	86	103	103	45	0	0	0	776	773	769	787	815	40	–
Intangible Assets	14	7.20	22	47	75	104	137	113	43	60	111	149	222	230	296	368	–	–
Other Long-Term Assets	64	79	80	81	67	73	128	89	111	84	66	53	49	66	46	68	–	–
Total Assets	1,253	1,299	1,510	1,702	1,890	1,928	2,417	2,469	2,452	2,570	2,848	4,009	4,166	4,099	4,735	4,947	2,109	–
Accounts Payable	342	357	374	457	367	320	417	496	382	324	359	407	401	286	302	332	–	–
Accrued Expenses	212	289	238	249	314	311	303	285	317	359	348	358	351	334	394	427	–	–
Current Portion of Long-Term Debt	47	28	152	61	246	21	40	43	42	85	95	92	128	113	82	103	–	–
Current Debt	47	28	152	61	246	21	40	43	42	85	95	92	128	113	82	103	–	–
Current Portion of Leases	23	24	25	28	28	28	30	0	–	–	–	–	–	–	–	–	–	–
Current Income Taxes Payable	–	–	–	–	–	–	–	–	–	–	29	40	46	44	45	54	–	–
Other Current Liabilities	–	–	–	–	–	–	303	285	317	359	349	360	353	–	–	–	–	–
Total Current Liabilities	624	699	791	795	957	683	813	851	746	775	807	863	889	753	929	903	–	–
Long-Term Debt	323	349	363	507	555	903	1,059	883	904	1,020	1,240	1,300	1,266	1,212	1,343	1,418	–	–
Long-Term Leases	50	61	77	87	100	55	70	0	–	–	–	–	–	–	–	–	–	–
Operating Lease Liabilities	73	85	103	115	128	83	101	0	–	–	–	–	–	–	–	–	–	–
Deferred Tax Liabilities	4.00	3.20	5.10	9.30	12	4.20	2.80	32	42	35	59	336	395	364	472	434	–	–
Other Long-Term Liabilities	123	135	149	129	128	197	221	232	225	280	301	339	304	496	522	604	–	–
Total Liabilities	1,124	1,249	1,390	1,529	1,753	1,843	2,173	2,009	1,930	2,129	2,424	2,856	2,878	2,863	3,428	3,454	–	–
Total Debt	370	377	514	568	801	923	1,099	926	946	1,105	1,335	1,392	1,393	1,325	1,425	1,521	–	–
Preferred Stock	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	–	–
Additional Paid-In Capital	846	843	843	842	839	833	847	861	861	912	957	971	983	986	984	1,002	–	–
Retained Earnings	-623	-635	-574	-519	-528	-566	-424	-211	-163	-206	-188	515	559	588	650	721	–	–
Treasury Stock	-36	-28	-33	-24	-15	-13	-32	-57	-53	-113	-194	-219	-249	-279	-295	-296	–	–
Comprehensive Income & Other	-60	-131	-118	-128	-161	-171	-167	-152	-127	-153	-153	-117	-5.60	-60	-38	53	-3.70	–
Shareholders' Equity	129	50	-118	173	137	84	227	443	522	442	424	1,153	1,289	1,235	1,303	1,481	–	–
Noncontrolling Interest	–	–	–	–	0	0.70	18	18	0	–	–	0	-1.30	0.30	0.70	0.70	–	–
Total Equity	129	50	-118	173	137	85	244	460	522	442	424	1,153	1,288	1,236	1,303	1,482	–	–
Total Liabilities & Equity	1,253	1,299	1,510	1,702	1,890	1,928	2,417	2,469	2,452	2,570	2,848	4,009	4,166	4,099	4,735	4,947	–	–

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 Jun 30, 2026

Profitability, TTM

Gross margin: 21.6%
Operating margin: 4.1%
Net margin: –
Return on equity, FY2025: –

Financial strength

Current ratio: 0.87
Debt to equity: 3.21
Debt to assets: 33.4%
Cash to current liabilities: 1.3%

Valuation

P/E ratio: 17.2
Price to sales: 0.19
Price to book: 3.72
Dividend yield: 3.24%