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Quad/Graphics, Inc. QUAD

NYSE · stock · Commercial Printing · website · IPO 2010-07-06 · LEI

Quad/Graphics, Inc. statistics & valuation

Market cap$435.2M
P / S0.2×
P / B3.4×
P / FCF8.6×
Dividend yield3.31%
FCF margin2.1%
Net debt$306.6M
Net debt / EBITDA1.8×
Enterprise value USD$741.8M
EV / EBITDA4.4×
Earnings yield EBIT/EV13.1%
Return on capital15.4%
Graham number -43.1%$5.60

Market cap as of 2026-06-29. Multiples are price-derived and refreshed daily; everything else from the latest financial reports. The Graham number is Benjamin Graham's rough maximum fair value ($5.60); a green figure means the price is below it.

Profitability & efficiency

Gross margin (%)
2016201720182019202020212022202320242025
Operating margin (%)
2.70% 4.20% 2.10% 0.90% -1.60% 3.10% 1.70% 0.90% 0.70% 4.00% 2016201720182019202020212022202320242025
Return on equity (%)
10.20% 20.50% 1.80% -64.00% -151.30% 27.60% 2016201720182019202020212022202320242025
Shares outstanding
49.8M 51.8M 51.6M 50.0M 50.6M 53.0M 52.5M 48.4M 47.6M 49.9M 2016201720182019202020212022202320242025
Net debt ($)
$1.09B $881.1M $856.0M $1.02B $868.2M $620.6M $542.6M $461.3M $347.9M $306.6M 2016201720182019202020212022202320242025
Share buybacks ($)
2016201720182019202020212022202320242025
Return on assets (%)
1.70% 4.40% 0.30% -6.50% -6.70% 2.00% 2016201720182019202020212022202320242025
Free cash flow margin (%)
5.70% 6.20% 3.90% 1.10% 4.40% 2.90% 2.90% 2.60% 2.10% 2.10% 2016201720182019202020212022202320242025
Debt / equity (×)
2.50× 1.81× 2.01× 4.50× 10.89× 5.85× 3.28× 4.30× 7.56× 2.88× 2016201720182019202020212022202320242025
EPS ($)
$0.90 $2.07 $0.16 -$3.12 -$2.53 $0.71 $0.18 -$1.14 -$1.07 $0.54 2016201720182019202020212022202320242025

Margins and returns computed from annual filings. Falling shares outstanding = buybacks; rising = dilution. Net debt = debt − cash (negative = net cash).

P / E vs its own history

Quad/Graphics, Inc. trades at about 18.2× earnings — below its 10-year norm (10-year range 6.3×–84.4×, median 24.5×).

6.3× 84.4×

Shaded band = 10-year range (6.3×–84.4×); dot = today's 18.2×.

Historical P/E = month-end price near each fiscal year-end ÷ that year's EPS. A read on whether the stock is cheap or dear relative to how it has typically been valued — not a forecast.

Key ratios (by fiscal year)

RatioFY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Operating margin4.0%0.7%0.9%1.7%3.1%-1.6%0.9%2.1%4.2%2.7%
Net margin————1.3%-4.4%-4.0%0.2%2.6%1.0%
FCF margin2.1%2.1%2.6%2.9%2.9%4.4%1.1%3.9%6.2%5.7%
Return on assets————2.0%-6.7%-6.5%0.3%4.4%1.7%
Return on equity————27.6%-151.3%-64.0%1.8%20.5%10.2%
Debt / equity2.88×7.56×4.30×3.28×5.85×10.89×4.50×2.01×1.81×2.50×
Current ratio0.860.760.740.890.850.991.121.111.221.17

Computed from company filings · US · as of 2025-12-31. Facts plus Stocktoria's own computed scores — not investment advice.