Company research
Quad/Graphics, Inc.
CIK 1481792Updated Sep 24, 2026
SecurityQUAD · NYSE · equity
QUAD price & chart
Loading TradingView…
NYSE:QUAD on TradingView ↗In the news
Quad to Host Call to Discuss Second Quarter and Year-to-Date 2026 Results; Present at an Upcoming Investor Conference ↗
Recent filings
Regulation FD Disclosure
Items 7.01, 9.01
144 filing
144 filing
10-Q filing
Results of Operations and Financial Condition
Items 2.02, 9.01
Show 5 more recent filings
Financials
FY 2025 · USDSource
Source
Source
Source
Source
balance sheet · annual statements
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|
| ASSETS | ||||
| AssetsUSD | 1,252,900,000Source | 1,299,000,000Source | 1,509,700,000Source | 1,701,800,000Source |
| Property, Plant and Equipment, NetUSD | 461,600,000Source | 499,700,000Source | 620,600,000Source | 672,100,000Source |
| GoodwillUSD | 107,600,000Source | 100,300,000Source | 103,000,000Source | 86,400,000Source |
| Intangible Assets, Net (Excluding Goodwill)USD | 13,700,000Source | 7,200,000Source | 21,800,000Source | 46,900,000Source |
| Current assets: | ||||
| Cash and Cash Equivalents, at Carrying ValueUSD | 63,300,000Source | 29,200,000Source | 52,900,000Source | 25,200,000Source |
| Inventory, NetUSD | 143,500,000Source | 162,400,000Source | 178,800,000Source | 260,700,000Source |
| Assets, CurrentUSD | 538,400,000Source | 534,300,000Source | 587,700,000Source | 704,500,000Source |
| Prepaid Expense and Other Assets, CurrentUSD | 36,800,000Source | 69,500,000Source | 39,800,000Source | 46,000,000Source |
| Operating Lease, Right-of-Use AssetUSD | 68,000,000Source | 78,900,000Source | 96,600,000Source | 111,100,000Source |
| Other Assets, NoncurrentUSD | 63,600,000Source | 78,600,000Source | 80,000,000Source | 80,800,000Source |
| LIABILITIES AND EQUITY | ||||
| LiabilitiesUSD | 1,124,300,000Source | 1,249,100,000Source | 1,390,200,000Source | 1,528,900,000Source |
| Stockholders’ equity: | ||||
| Additional Paid in CapitalUSD | 846,200,000Source | 842,800,000Source | 842,700,000Source | 841,800,000Source |
| Retained Earnings (Accumulated Deficit)USD | -623,200,000Source | -635,100,000Source | -573,900,000Source | -518,500,000Source |
| Accumulated Other Comprehensive Income (Loss), Net of TaxUSD | -59,500,000Source | -131,200,000Source | -117,600,000Source | -128,300,000Source |
| Stockholders' Equity Attributable to ParentUSD | -59,500,000Source | — | — | — |
| Liabilities and EquityUSD | 1,252,900,000Source | 1,299,000,000Source | 1,509,700,000Source | 1,701,800,000Source |
| Current liabilities: | ||||
| Liabilities, CurrentUSD | 624,200,000Source | 698,700,000Source | 790,800,000Source | 795,400,000Source |
| Operating Lease, Liability, CurrentUSD | 23,000,000Source | 24,000,000Source | 25,400,000Source | 27,800,000Source |
| Accounts Payable, CurrentUSD | 342,000,000Source | 356,700,000Source | 373,600,000Source | 456,600,000Source |
| Operating Lease, Liability, NoncurrentUSD | 49,800,000Source | 61,400,000Source | 77,200,000Source | 87,100,000Source |
| Deferred Income Tax Liabilities, NetUSD | 4,000,000Source | 3,200,000Source | 5,100,000Source | 9,300,000Source |
| Other Liabilities, NoncurrentUSD | 122,600,000Source | 135,400,000Source | 148,600,000Source | 128,800,000Source |
| Additional Financial Items | ||||
| Accrued Liabilities, CurrentUSD | 211,700,000Source | 289,200,000Source | 237,600,000Source | 249,100,000Source |
| Deferred Tax Liabilities, NetUSD | 4,000,000Source | 3,200,000Source | 5,100,000Source | — |
| Long-term Debt, Excluding Current Maturities | — | — | — | — |
| Long-term Debt, Current MaturitiesUSD | 47,000,000Source | 28,000,000Source | 151,700,000Source | 61,100,000Source |
| Long-term Debt, Excluding Current MaturitiesUSD | 322,900,000Source | 349,100,000Source | 362,500,000Source | 506,700,000Source |
cash flow · annual statements
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|
| Cash flows from operating activities: | ||||
| Net Income (Loss), Including Portion Attributable to Noncontrolling InterestUSD | 27,000,000Source | -50,900,000Source | -55,400,000Source | 9,300,000Source |
| Adjustments to reconcile net income to net cash provided by operating activities: | ||||
| Depreciation and amortization | — | — | — | — |
| Share-based Payment Arrangement, Noncash ExpenseUSD | 6,600,000Source | 7,300,000Source | 5,600,000Source | 6,000,000Source |
| Changes in operating assets and liabilities: | ||||
| Increase (Decrease) in InventoriesUSD | -24,000,000Source | -2,400,000Source | -90,300,000Source | 41,100,000Source |
| Deferred Income Tax Expense (Benefit)USD | 600,000Source | -2,000,000Source | -3,700,000Source | 2,400,000Source |
| Net Cash Provided by (Used in) Operating ActivitiesUSD | 95,900,000Source | 112,900,000Source | 147,600,000Source | 154,600,000Source |
| Cash flows from investing activities: | ||||
| Payments to Acquire Businesses, Net of Cash AcquiredUSD | 16,300,000Source | 0Source | 1,500,000Source | 2,600,000Source |
| Net Cash Provided by (Used in) Investing ActivitiesUSD | -27,700,000Source | 12,700,000Source | -46,400,000Source | -60,500,000Source |
| Payments for (Proceeds from) Other Investing ActivitiesUSD | 2,700,000Source | 1,200,000Source | 4,500,000Source | -1,100,000Source |
| Payments to Acquire Property, Plant, and EquipmentUSD | 45,200,000Source | 57,200,000Source | 70,800,000Source | 60,300,000Source |
| Cash flows from financing activities: | ||||
| Payment, Tax Withholding, Share-based Payment ArrangementUSD | 3,600,000Source | 2,100,000Source | 1,700,000Source | 2,500,000Source |
| Payments for Repurchase of Common StockUSD | 8,000,000Source | 0Source | 12,600,000Source | 10,000,000Source |
| Net Cash Provided by (Used in) Financing ActivitiesUSD | -36,100,000Source | -149,100,000Source | -73,600,000Source | -248,700,000Source |
| Dividends paid | — | — | — | — |
| Proceeds from (Payments for) Other Financing ActivitiesUSD | 0Source | -200,000Source | -600,000Source | -600,000Source |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate EffectUSD | 32,400,000Source | -23,700,000Source | 27,700,000Source | -154,700,000Source |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash EquivalentsUSD | 63,300,000Source | 29,200,000Source | 52,900,000Source | 25,200,000Source |
| Supplemental disclosure of cash flow information: | ||||
| Interest Paid, Excluding Capitalized Interest, Operating ActivitiesUSD | 40,200,000Source | 52,900,000Source | 55,900,000Source | 44,000,000Source |
| Income Taxes Paid, NetUSD | 3,800,000Source | 10,700,000Source | 12,200,000Source | 6,200,000Source |
| Effect of Exchange Rate on Cash, Cash Equivalents, Restricted Cash and Restricted Cash EquivalentsUSD | 300,000Source | -200,000Source | 100,000Source | -100,000Source |
| Additional Financial Items | ||||
| Amortization of Debt Issuance CostsUSD | 1,600,000Source | 1,600,000Source | 2,000,000Source | 2,200,000Source |
| Amortization of Debt Issuance Costs and DiscountsUSD | 1,600,000Source | 1,600,000Source | 2,000,000Source | 2,200,000Source |
| Amortization of Intangible AssetsUSD | 5,200,000Source | 17,500,000Source | 27,900,000Source | 30,900,000Source |
| Defined Benefit Plan, Net Periodic Benefit Cost (Credit), Gain (Loss) Due to SettlementUSD | -12,800,000Source | — | — | 0Source |
| DepreciationUSD | 73,400,000Source | 85,000,000Source | 100,900,000Source | 110,400,000Source |
| Foreign Currency Transaction Gain (Loss), before TaxUSD | 4,300,000Source | -6,400,000Source | 4,400,000Source | -2,100,000Source |
| Gain (Loss) on Disposition of BusinessUSD | -500,000Source | — | 0Source | -23,100,000Source |
| Gain (Loss) on Sale of InvestmentsUSD | 0Source | 4,100,000Source | — | — |
| Gain (Loss) on Disposition of Property Plant EquipmentUSD | 20,700,000Source | 22,500,000Source | 10,900,000Source | 2,300,000Source |
| Gain (Loss) on Extinguishment of DebtUSD | — | — | — | 0Source |
| GoodwillUSD | 107,600,000Source | 100,300,000Source | 103,000,000Source | 86,400,000Source |
| Goodwill, Impairment LossUSD | 0Source | 0Source | 0Source | 0Source |
| Impairment of Intangible Assets (Excluding Goodwill)USD | 0Source | 0Source | 0Source | 0Source |
| Income (Loss) from Continuing Operations, Net of Tax, Including Portion Attributable to Noncontrolling InterestUSD | 27,000,000Source | -50,900,000Source | -55,400,000Source | 9,300,000Source |
| Income (Loss) from Equity Method InvestmentsUSD | — | — | — | 0Source |
| Income Tax Expense (Benefit)USD | 5,500,000Source | 6,400,000Source | 12,800,000Source | 8,400,000Source |
| Insured Event, Gain (Loss)USD | — | — | — | 0Source |
| Operating Lease, ExpenseUSD | — | — | — | 29,700,000Source |
income statement · annual statements
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|
| Total RevenueUSD | 2,419,900,000Source | 2,672,200,000Source | 2,957,700,000Source | 3,217,000,000Source |
| Cost of RevenueUSD | 1,896,600,000Source | 2,092,200,000Source | 2,381,200,000Source | 2,618,800,000Source |
| Gross Profit (Calculated) · Derived | — | — | — | — |
| Selling, General and Administrative ExpenseUSD | 325,900,000Source | 356,800,000Source | 344,500,000Source | 358,600,000Source |
| Operating Income (Loss)USD | 97,000,000Source | 19,200,000Source | 25,700,000Source | 53,500,000Source |
| Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling InterestUSD | 32,500,000Source | -44,500,000Source | -42,600,000Source | — |
| Income Tax Expense (Benefit)USD | 5,500,000Source | 6,400,000Source | 12,800,000Source | 8,400,000Source |
| Earnings Per Share, BasicUSD per share | 0.57Source | -1.07Source | -1.14Source | 0.18Source |
| Earnings Per Share, DilutedUSD per share | 0.54Source | -1.07Source | -1.14Source | 0.18Source |
| Weighted Average Number of Shares Outstanding, Basicshares | 47,600,000Source | 47,600,000Source | 48,400,000Source | 50,700,000Source |
| Weighted Average Number of Shares Outstanding, Dilutedshares | 49,900,000Source | 47,600,000Source | 48,400,000Source | 52,500,000Source |
| Additional Financial Items | ||||
| Amortization of Intangible AssetsUSD | 5,200,000Source | 17,500,000Source | 27,900,000Source | 30,900,000Source |
| Business Combination, Acquisition Related CostsUSD | -4,900,000Source | -600,000Source | 4,200,000Source | 2,000,000Source |
| Common Stock, Dividends, Per Share, DeclaredUSD per share | 0.3Source | 0.2Source | — | — |
| Costs and ExpensesUSD | 2,322,900,000Source | 2,653,000,000Source | 2,932,000,000Source | 3,163,500,000Source |
| Defined Benefit Plan, Net Periodic Benefit Cost (Credit), Gain (Loss) Due to SettlementUSD | -12,800,000Source | — | — | 0Source |
| Foreign Currency Transaction Gain (Loss), before TaxUSD | 4,300,000Source | -6,400,000Source | 4,400,000Source | -2,100,000Source |
| Goodwill, Impairment LossUSD | 0Source | 0Source | 0Source | 0Source |
| Income (Loss) from Continuing Operations before Income Taxes, DomesticUSD | 7,800,000Source | -8,600,000Source | -65,800,000Source | -13,900,000Source |
| Income (Loss) from Continuing Operations, Net of Tax, Including Portion Attributable to Noncontrolling InterestUSD | 27,000,000Source | -50,900,000Source | -55,400,000Source | 9,300,000Source |
| Income (Loss) from Equity Method InvestmentsUSD | — | — | — | 0Source |
| Interest ExpenseUSD | 50,500,000Source | 64,500,000Source | 70,000,000Source | 48,400,000Source |
| Interest Income (Expense), NetUSD | — | — | — | 1,700,000Source |
| Operating Lease, ExpenseUSD | — | — | — | 29,700,000Source |
| Research and Development ExpenseUSD | 2,900,000Source | 3,200,000Source | 3,100,000Source | 3,300,000Source |