Price as of close on Nov 3, 2026 · Financials updated Sep 30, 2026
Basics
Sector
Industrials
Industry
Specialty Business Services
Country
United States
Market cap
383.9M USD
Enterprise value
865.1M USD
Full-time employees
10,100
Overall health
Strength:its shares are priced lower than most peers relative to what it earnspriced lower than peers for its earnings
Drawback:higher risk than most peers: its share price swings more than most peers’ (beta 1.06 vs a peer median of 0.64), less short-term liquidity (current ratio 0.87 vs a peer median of 1.62) and more debt relative to equity (3.21× vs a peer median of 0.40×)higher risk: bigger price swings (beta 1.06 vs peers 0.64), less liquidity (current ratio 0.87 vs peers 1.62) and more debt vs equity (3.21× vs peers 0.40×)
About average: profitability and growth
Ranks #1,308 of 2,308 industrials companies (bottom 44%)
Quad/Graphics's reported profit rose 190% since 2022, but the cash its operations generate changed −38%. When profit and cash diverge like this, it's worth understanding why (for example, customers paying more slowly or gains that aren't cash).Quad/Graphics's reported profit rose 190% since 2022, but the cash its operations generate changed −38%. When profit and cash diverge like this, it's worth understanding why.
Stock pay is large next to buybacks. Stock-based pay expense $20M vs $21M spent repurchasing shares over the 3 fiscal years to 2025.
Over three fiscal years Quad/Graphics recorded $20M of stock-based pay expense and spent $21M repurchasing shares (repurchases can include shares withheld to cover employees' taxes).Over three fiscal years Quad/Graphics recorded $20M of stock-based pay expense and spent $21M repurchasing shares.
Much more borrowing than peers.Debt is 3.2× equity vs a peer median of 0.4×.Debt is 3.2× equity vs peers 0.4×.
Debt is 3.2× shareholders' equity, against a peer median of 0.4×, among the highest 10% of its peer group.Debt is 3.2× shareholders' equity, vs peers 0.4×, among the highest 10% of its peer group.
Earnings turned from a loss to a profit. Profit per share this year after a loss last year.
Quad/Graphics made a profit per share in its latest year after a loss the year before.
StockQuotient Score
48/ 100▲ 1 since Oct 27 closeOct 5 47 → Nov 4 48 (+1)
Since last quarter: No major changeValuation also moves with the share price every day.
Why it changed since the Oct 27, 2026 close: Score 90 → 95
Share price -21.7%+4
Peer companies moved+1
Each step re-scores the company against its peers as they were on Oct 28, 2026; the parts add up to the change. Price effects on EBITDA yield are approximate.
Valuation, growth and profitability scores: higher is better. Risk: 0 is lower, 2 is higher. Risk is a relative proxy, not a bankruptcy probability. Scores depend on available sector peers.
Questions investors ask about Quad/Graphics
Is Quad/Graphics getting weaker?
Its latest SEC filing (Jul 29, 2026) showed no major changes. Its overall score is 48/100, up 1 since Oct 28, 2026.
How is Quad/Graphics valued vs its peers?
Priced lower than most peers relative to what it earns. Valuation scores 95/100 against 2,459 industrials peers.EBITDA yield 22.7% vs a peer median of 6.9% (stronger than 95% of peers).EBITDA yield 22.7% vs peers 6.9% (stronger than 95% of peers).
Is Quad/Graphics growing?
At about the same pace as its peers. Growth scores 45/100 against 2,459 industrials peers.3-year revenue growth -9.3% vs a peer median of 4.2% (weaker than 90% of peers).3-year revenue growth -9.3% vs peers 4.2% (weaker than 90% of peers).
How profitable is Quad/Graphics?
About as profitable as its peers. Profitability scores 50/100 against 2,459 industrials peers.Return on invested capital 14.7% vs a peer median of 7.1% (stronger than 77% of peers).Return on invested capital 14.7% vs peers 7.1% (stronger than 77% of peers).Operating margin 4.1% vs a peer median of 7.7% (weaker than 71% of peers).Operating margin 4.1% vs peers 7.7% (weaker than 71% of peers).
How risky is Quad/Graphics?
Higher risk relative to 2,459 industrials peers, judged on debt, liquidity and share-price swings.Debt / equity 3.21× vs a peer median of 0.40× (weaker than 100% of peers).Debt / equity 3.21× vs peers 0.40× (weaker than 100% of peers). A relative measure, not a bankruptcy probability.
Latest filing: what changed
Quarter ended Jun 30, 2026 · filed Jul 29, 2026 · compared with the quarter ended Mar 31, 2026
No major changes
Previous quarter
Latest quarter
Change
Revenue (12 months)
2.4B USD
2.4B USD
+0.2%
Net income (12 months)
27.4M USD
31.2M USD
+13.9%
Operating margin
4.0%
4.1%
+0.0 pts
Free cash flow (12 months)
44.0M USD
50.4M USD
+14.5%
Debt
433.2M USD
400.0M USD
−7.7%
Cash
7.0M USD
7.4M USD
+5.7%
From the company’s own SEC filings, as filed. Twelve-month figures roll forward one quarter at a time.
Industry valuation context
Sector: Industrials · 318 companies
Valuations in Industrials are near the top of their range since 2016.
85% of months since 2016 were valued lower than now.
41% of companies are in the most expensive fifth of their own price-to-sales history.
Over 24 months, company values +20% and earnings +14% (medians): prices and earnings moved broadly together.
Median price-to-sales is −24% vs the whole market, against a usual −31%.
2016Shaded: most expensive fifth of its range2026
Quad/Graphics looks cheaper than most of its peers on our valuation measures, while the Industrials sector as a whole is valued high by its own standards since 2016. Both can be true at once.
Shown for Industrials: too few Specialty Business Services companies have a long enough history of their own.
Describes valuations since 2016; it does not predict prices. US companies worth $1B+, from SEC filings and month-end prices, as of Aug 2026. Today's companies and industry labels are used throughout. Measured on earnings, EBITDA, sales and free cash flow yields. How this works
Financials
Fiscal years from SEC annual filings · change vs the prior year
Key ratios
FY 2021
FY 2022
FY 2023
FY 2024
FY 2025
Change
Gross margin
19.3%
18.6%
19.5%
21.7%
21.6%
▼ 0.1 pts
Operating margin
3.1%
1.7%
0.9%
0.7%
4.0%
▲ 3.3 pts
Net margin
1.3%
0.3%
-1.9%
-1.9%
1.1%
▲ 3.0 pts
Return on assets (ROA)
2.0%
0.5%
-3.7%
-3.9%
2.2%
▲ 6.1 pts
Return on equity (ROE)
27.6%
5.4%
—
—
—
—
Free cash flow margin
2.9%
2.9%
2.6%
2.1%
2.1%
▲ 0.0 pts
Current ratio
0.85×
0.89×
0.74×
0.76×
0.86×
▲ 13%
Quick ratio
0.61×
0.56×
0.52×
0.53×
0.63×
▲ 19%
Debt to equity
5.85×
3.28×
—
—
—
—
Interest coverage
1.56×
1.11×
0.37×
0.30×
1.92×
▲ 545%
QUAD price history
Price history is added with the daily price update and will appear after the next one.