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QUAD · NYSE · United States · Commercial Printing
In shortQuad/Graphics, Inc. is profitable, generates cash and carries heavy debt, with revenue shrinking (−9.4% last year).
Financial health
Mixed
Built from five areas over the last five annual reports. Tap an area to see the figures behind it.
| Operating marginShare of each sale left after running the business, before interest and tax. | 4.0% | 30/100 |
|---|---|---|
| Net marginShare of each sale left as profit after every cost, interest and tax. | 1.1% | 24/100 |
| Return on equityProfit earned on the money shareholders put in. Above 15% is strong. | 30.3% | 100/100 |
| Return on invested capitalProfit earned on all the capital used (equity and debt). Above 10% usually means a real competitive edge. | 16.2% | 100/100 |
Weight in the score: 25%
| Current ratioShort-term assets divided by short-term debts. Below 1 can mean tight cash. | 0.86× | 5/100 |
|---|---|---|
| Debt / equityDebt compared with the shareholders' stake. Above 2 is heavily indebted. | 2.88× | 0/100 |
| Net debt / EBITDAYears of operating profit needed to repay net debt. Below 2 is comfortable. | 1.80× | 63/100 |
| Interest coverageHow many times operating profit covers interest. Below 2 is risky. | 1.92× | 4/100 |
| Altman Z''Bankruptcy-risk model. Above 2.6 safe, below 1.1 distress. | -1.43 | 0/100 |
Weight in the score: 25%
| Free cash flow marginCash left from each sale after investments. The money that can pay dividends or reduce debt. | 2.1% | 28/100 |
|---|---|---|
| Free cash flow / net incomeHow much accounting profit turns into real cash. Near 1 or above is healthy. | 1.88× | 100/100 |
| Years with positive free cash flow (last 5) | 5 of 5 | 100/100 |
Weight in the score: 20%
| Profitable years (last 5) | 3 of 5 | 60/100 |
|---|---|---|
| Years of revenue decline (last 5) | 3 of 5 | 0/100 |
| Revenue growth volatility | 8.1% | 81/100 |
| Operating margin volatility | 1.4% | 96/100 |
Weight in the score: 20%
| Revenue growth, 3-year average | -9.1% | 0/100 |
|---|---|---|
| EPS growth, 3-year average | 44.2% | 100/100 |
Weight in the score: 10%
Fiscal year 2025 · change vs prior year
Annual figures as reported. Hover a bar or point for the exact value.
5 older years available with the 10-year history. Essential plan, from €8.25/month →
The last 5 fiscal years from the company's annual reports.
USD millions; negative values in parentheses.
| Fiscal year | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|
| Revenue | 2,960 | 3,217 | 2,958 | 2,672 | 2,420 |
| Cost of revenue | 2,390 | 2,619 | 2,381 | 2,092 | 1,897 |
| Gross profit | 571 | 598 | 577 | 580 | 523 |
| Research & development | 3.1 | 3.3 | 3.1 | 3.2 | 2.9 |
| Selling, general & admin | 326 | 359 | 345 | 357 | 326 |
| Operating income | 93 | 54 | 26 | 19 | 97 |
| Interest expense | 60 | 48 | 70 | 65 | 51 |
| Pre-tax income | 47 | 18 | (43) | (45) | 33 |
| Income tax | 9.5 | 8.4 | 13 | 6.4 | 5.5 |
| Net income | 38 | 9.3 | (55) | (51) | 27 |
| Diluted EPS | $0.71 | $0.18 | −$1.14 | −$1.07 | $0.54 |
| Diluted shares (millions) | 53 | 53 | 48 | 48 | 50 |
5 older years available with the 10-year history. Essential plan, from €8.25/month →
−1.43 Distress zone
Estimates bankruptcy risk from working capital, retained earnings, operating profit and equity. Above 2.6 is considered safe, below 1.1 signals distress.
6/9
Nine yes-or-no tests on profitability, debt, liquidity and efficiency versus the prior year. 7 to 9 is strong, 0 to 3 is weak.
All figures: SEC EDGAR. Ratios and scores are computed by Scorvest (see how it works). Information only, not investment advice. How it works
Latest annual report: Jun 30, 2026 · Data updated Apr 29, 2026