Quad/Graphics, Inc. (QUAD)

Quad/Graphics Income Statement

Financials in millions USD. Fiscal year is January - December.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Revenue	2,420	2,672	2,958	3,217	2,960
Revenue Growth (YoY)	-9.44%	-9.65%	-8.06%	8.67%	1.05%
Cost of Revenue	1,897	2,092	2,381	2,619	2,390
Gross Profit	523.3	580	576.5	598.2	570.5
Selling, General & Admin	325.9	356.8	344.5	358.6	326
Depreciation & Amortization Expenses	78.6	102.5	128.8	141.3	157.3
Other Operating Expenses	21.8	101.5	77.5	44.8	43.4
Total Operating Expenses	426.3	560.8	550.8	544.7	526.7
Operating Income	97	19.2	25.7	53.5	43.8
Interest Expense	-50.5	-64.5	-70	-48.4	-59.6
Other Non-Operating Income (Expense)	-14	0.8	1.7	12.6	13.8
Total Non-Operating Income (Expense)	-64.5	-63.7	-68.3	-35.8	-45.8
Pretax Income	32.5	-44.5	-42.6	17.7	47
Provision for Income Taxes	5.5	6.4	12.8	8.4	9.5
Net Income	27	-50.9	-55.4	9.3	37.8
Net Income to Common	27	-50.9	-55.4	9.3	37.8
Net Income Growth	-	-	-	-75.40%	-
Shares Outstanding (Basic)	48	48	48	51	51
Shares Outstanding (Diluted)	50	48	48	53	53
Shares Change (YoY)	4.83%	-1.65%	-7.81%	-0.94%	4.74%
EPS (Basic)	0.57	-1.07	-1.14	0.18	0.74
EPS (Diluted)	0.54	-1.07	-1.14	0.18	0.71
EPS Growth	-	-	-	-74.65%	-
Free Cash Flow	50.7	55.7	76.8	94.3	86.5
Free Cash Flow Growth	-8.98%	-27.47%	-18.56%	9.02%	-33.05%
Free Cash Flow Per Share	1.02	1.17	1.59	1.80	1.63
Dividends Per Share	0.300	0.200	-	-	-
Dividend Growth	50.00%	-	-	-	-
Gross Margin	21.62%	21.70%	19.49%	18.59%	19.27%
Operating Margin	4.01%	0.72%	0.87%	1.66%	1.48%
Profit Margin	1.12%	-1.90%	-1.87%	0.29%	1.28%
FCF Margin	2.10%	2.08%	2.60%	2.93%	2.92%
EBITDA	175.6	121.7	154.5	194.8	201.1
EBITDA Margin	7.26%	4.55%	5.22%	6.06%	6.79%
EBIT	97	19.2	25.7	53.5	43.8
EBIT Margin	4.01%	0.72%	0.87%	1.66%	1.48%
Effective Tax Rate	16.92%	-14.38%	-30.05%	47.46%	20.21%

Updated Dec 31, 2025. Data Source: Fiscal.ai. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q