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	Jun '26 Jun 30, 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	2,377	2,420	2,672	2,958	3,217	2,960
Revenue Growth	-8.03%	-9.44%	-9.65%	-8.06%	8.67%	1.05%
Cost of Revenue	1,863	1,897	2,092	2,381	2,619	2,390
Gross Profit	514.4	523.3	580	576.5	598.2	570.5
Selling, General & Admin	320.2	325.9	356.8	344.5	358.6	326
Depreciation & Amortization Expenses	73.8	78.6	102.5	128.8	141.3	157.3
Other Operating Expenses	24.1	21.8	101.5	77.5	44.8	43.4
Total Operating Expenses	418.1	426.3	560.8	550.8	544.7	526.7
Operating Income	96.3	97	19.2	25.7	53.5	43.8
Interest Expense	-43.8	-50.5	-64.5	-70	-48.4	-59.6
Other Non-Operating Income (Expense)	0.4	-14	0.8	1.7	12.6	13.8
Total Non-Operating Income (Expense)	-43.4	-64.5	-63.7	-68.3	-35.8	-45.8
Pretax Income	13.2	32.5	-44.5	-42.6	17.7	47
Provision for Income Taxes	8.4	5.5	6.4	12.8	8.4	9.5
Net Income	10.2	27	-50.9	-55.4	9.3	37.8
Net Income to Common	10.2	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)	50	50	48	48	53	53
Shares Change	0.96%	4.83%	-1.65%	-7.81%	-0.94%	4.74%
EPS (Basic)	0.65	0.57	-1.07	-1.14	0.18	0.74
EPS (Diluted)	0.63	0.54	-1.07	-1.14	0.18	0.71
EPS Growth	-	-	-	-	-74.65%	-

Additional Metrics

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun '26 Jun 30, 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
Free Cash Flow	50.4	50.7	55.7	76.8	94.3	86.5
Free Cash Flow Growth	-29.61%	-8.98%	-27.47%	-18.56%	9.02%	-33.05%
Free Cash Flow Per Share	1.01	1.02	1.17	1.59	1.80	1.63
Dividends Per Share	0.350	0.300	0.200	-	-	-
Dividend Growth	40.00%	50.00%	33.33%	-	-	-
Gross Margin	21.64%	21.62%	21.70%	19.49%	18.59%	19.27%
Operating Margin	4.05%	4.01%	0.72%	0.87%	1.66%	1.48%
Profit Margin	0.43%	1.12%	-1.90%	-1.87%	0.29%	1.28%
FCF Margin	2.12%	2.10%	2.08%	2.60%	2.93%	2.92%
EBITDA	170.1	175.6	121.7	154.5	194.8	201.1
EBITDA Margin	7.16%	7.26%	4.55%	5.22%	6.06%	6.79%
EBIT	96.3	97	19.2	25.7	53.5	43.8
EBIT Margin	4.05%	4.01%	0.72%	0.87%	1.66%	1.48%
Effective Tax Rate	63.64%	16.92%	-14.38%	-30.05%	47.46%	20.21%

SEC Filings: 10-K · 10-Q