Quad/Graphics Income Statement

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

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar '26 Mar 31, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Revenue	2,372	2,420	2,672	2,958	3,217	2,960
Revenue Growth (YoY)	-10.40%	-9.44%	-9.65%	-8.06%	8.67%	1.05%
Cost of Revenue	1,855	1,897	2,092	2,381	2,619	2,390
Gross Profit	516.8	523.3	580	576.5	598.2	570.5
Selling, General & Admin	320.8	325.9	356.8	344.5	358.6	326
Depreciation & Amortization Expenses	77.3	78.6	102.5	128.8	141.3	157.3
Other Operating Expenses	23.6	21.8	101.5	77.5	44.8	43.4
Total Operating Expenses	421.7	426.3	560.8	550.8	544.7	526.7
Operating Income	95.1	97	19.2	25.7	53.5	43.8
Interest Expense	-48.1	-50.5	-64.5	-70	-48.4	-59.6
Other Non-Operating Income (Expense)	-12	-14	0.8	1.7	12.6	13.8
Total Non-Operating Income (Expense)	-60.1	-64.5	-63.7	-68.3	-35.8	-45.8
Pretax Income	33.6	32.5	-44.5	-42.6	17.7	47
Provision for Income Taxes	6.2	5.5	6.4	12.8	8.4	9.5
Net Income	27.4	27	-50.9	-55.4	9.3	37.8
Net Income to Common	27.4	27	-50.9	-55.4	9.3	37.8
Net Income Growth	-	-	-	-	-75.40%	-
Shares Outstanding (Basic)	48	48	48	48	51	51
Shares Outstanding (Diluted)	49	50	48	48	53	53
Shares Change (YoY)	-0.30%	4.83%	-1.65%	-7.81%	-0.94%	4.74%
EPS (Basic)	0.57	0.57	-1.07	-1.14	0.18	0.74
EPS (Diluted)	0.56	0.54	-1.07	-1.14	0.18	0.71
EPS Growth	-	-	-	-	-74.65%	-
Free Cash Flow	44	50.7	55.7	76.8	94.3	86.5
Free Cash Flow Growth	-13.21%	-8.98%	-27.47%	-18.56%	9.02%	-33.05%
Free Cash Flow Per Share	0.89	1.02	1.17	1.59	1.80	1.63
Dividends Per Share	0.325	0.300	0.200	-	-	-
Dividend Growth	8.33%	50.00%	-	-	-	-
Gross Margin	21.79%	21.62%	21.70%	19.49%	18.59%	19.27%
Operating Margin	4.01%	4.01%	0.72%	0.87%	1.66%	1.48%
Profit Margin	1.16%	1.12%	-1.90%	-1.87%	0.29%	1.28%
FCF Margin	1.86%	2.10%	2.08%	2.60%	2.93%	2.92%
EBITDA	172.4	175.6	121.7	154.5	194.8	201.1
EBITDA Margin	7.27%	7.26%	4.55%	5.22%	6.06%	6.79%
EBIT	95.1	97	19.2	25.7	53.5	43.8
EBIT Margin	4.01%	4.01%	0.72%	0.87%	1.66%	1.48%
Effective Tax Rate	18.45%	16.92%	-14.38%	-30.05%	47.46%	20.21%

SEC Filings: 10-K · 10-Q