Quad/Graphics Past Earnings Performance
Past criteria checks 2/6
Quad/Graphics has been growing earnings at an average annual rate of 9.7%, while the Commercial Services industry saw earnings growing at 9.7% annually. Revenues have been declining at an average rate of 4.2% per year. Quad/Graphics's return on equity is 21.6%, and it has net margins of 1.2%.
Key information
9.68%
Earnings growth rate
8.96%
EPS growth rate
| Commercial Services Industry Growth | 8.53% |
| Revenue growth rate | -4.23% |
| Return on equity | 21.64% |
| Net Margin | 1.16% |
| Last Earnings Update | 31 Mar 2026 |
Recent past performance updates
Recent updates
Quad/Graphics: More Than A Print Business, And I'm Bullish
Summary Quad/Graphics has transformed from a print-centric business to an omnichannel marketing and logistics provider. QUAD’s strategic evolution addresses the decline in traditional print by expanding into data-driven media, creative production, and retail displays. Over the past five years, QUAD has matched or outperformed the S&P 500, demonstrating strong momentum despite industry headwinds. The company’s legacy in industrial-scale printing underpins its diversified service offerings in a changing media landscape. Read the full article on Seeking AlphaImproved Revenues Required Before Quad/Graphics, Inc. (NYSE:QUAD) Stock's 26% Jump Looks Justified
Quad/Graphics, Inc. ( NYSE:QUAD ) shareholders are no doubt pleased to see that the share price has bounced 26% in the...We Think Quad/Graphics (NYSE:QUAD) Is Taking Some Risk With Its Debt
Legendary fund manager Li Lu (who Charlie Munger backed) once said, 'The biggest investment risk is not the volatility...Quad/Graphics, Inc.'s (NYSE:QUAD) Share Price Boosted 31% But Its Business Prospects Need A Lift Too
Quad/Graphics, Inc. ( NYSE:QUAD ) shares have had a really impressive month, gaining 31% after a shaky period...Returns Are Gaining Momentum At Quad/Graphics (NYSE:QUAD)
If you're looking for a multi-bagger, there's a few things to keep an eye out for. Firstly, we'd want to identify a...
AI, Google Cloud And Print Services Will Unlock Future Value
Expansion into tech-enabled marketing services and AI-driven personalization is shifting Quad toward higher-margin, stable revenue streams beyond traditional print.Lacklustre Performance Is Driving Quad/Graphics, Inc.'s (NYSE:QUAD) 28% Price Drop
The Quad/Graphics, Inc. ( NYSE:QUAD ) share price has fared very poorly over the last month, falling by a substantial...Quad/Graphics' (NYSE:QUAD) Upcoming Dividend Will Be Larger Than Last Year's
The board of Quad/Graphics, Inc. ( NYSE:QUAD ) has announced that it will be increasing its dividend by 50% on the 14th...Quad/Graphics : Negative Sales, High Debt To Limit Share-Price Gains For Now
Summary We maintain our 'Hold' rating on Quad/Graphics due to concerns about profitability trends despite the potential of its 'In-Store Connect' initiative & proprietary data stack. Quad's shares rallied post-Q3 earnings but have since traded flat, with negative revenue growth and GAAP losses raising doubts about long-term value creation. The company is focusing on debt reduction and cost-cutting, with free cash flow primarily used for debt repayments, stock repurchases, and dividends. Quad's continued asset sales and limited cash reserves raise concerns about future liquidity and the sustainability of current financial strategies. Read the full article on Seeking AlphaLittle Excitement Around Quad/Graphics, Inc.'s (NYSE:QUAD) Revenues As Shares Take 27% Pounding
Quad/Graphics, Inc. ( NYSE:QUAD ) shares have retraced a considerable 27% in the last month, reversing a fair amount of...At US$7.41, Is Quad/Graphics, Inc. (NYSE:QUAD) Worth Looking At Closely?
Quad/Graphics, Inc. ( NYSE:QUAD ), might not be a large cap stock, but it saw a significant share price rise of 73% in...There's No Escaping Quad/Graphics, Inc.'s (NYSE:QUAD) Muted Revenues Despite A 44% Share Price Rise
Quad/Graphics, Inc. ( NYSE:QUAD ) shares have continued their recent momentum with a 44% gain in the last month alone...Quad/Graphics, Inc. (NYSE:QUAD) Shares Fly 26% But Investors Aren't Buying For Growth
Quad/Graphics, Inc. ( NYSE:QUAD ) shareholders are no doubt pleased to see that the share price has bounced 26% in the...Quad/Graphics: Profitability Woes Continue To Impair The Share Price
Summary Quad/Graphics remains in a multi-year sideways consolidation pattern, with 2019 lows and 2022 highs acting as major resistance levels. Despite a negative Q2 earnings report, QUAD's GAAP loss of -$0.06 per share beat consensus estimates, but shares fell sharply post-release. The stock lost its 200-day moving average ($5.02 per share) after the earnings call, despite the CEO's positive outlook on fundamentals. QUAD's 'In-Store Connect' initiative could gain traction in the growing retail media networks space, potentially boosting future performance. Read the full article on Seeking AlphaInvestors Aren't Buying Quad/Graphics, Inc.'s (NYSE:QUAD) Revenues
You may think that with a price-to-sales (or "P/S") ratio of 0.1x Quad/Graphics, Inc. ( NYSE:QUAD ) is a stock worth...Quad/Graphics, Inc.'s (NYSE:QUAD) Prospects Need A Boost To Lift Shares
Quad/Graphics, Inc.'s ( NYSE:QUAD ) price-to-sales (or "P/S") ratio of 0.1x might make it look like a buy right now...Here's Why Quad/Graphics (NYSE:QUAD) Has A Meaningful Debt Burden
Legendary fund manager Li Lu (who Charlie Munger backed) once said, 'The biggest investment risk is not the volatility...Quad/Graphics: Assessing If A Long-Awaited Bullish Breakout Is At Hand
Summary Quad/Graphics has seen a significant bull run, with shares up over 28% since March. The company's top line growth has tapered off, but bottom line beats demonstrate improving margins. Debt has been decreasing, and the company has generated approximately $159 million of free cash flow over the past four quarters. Read the full article on Seeking AlphaRevenue & Expenses Breakdown
How Quad/Graphics makes and spends money. Based on latest reported earnings, on an LTM basis.
Earnings and Revenue History
| Date | Revenue | Earnings | G+A Expenses | R&D Expenses |
|---|---|---|---|---|
| 31 Mar 26 | 2,372 | 27 | 334 | 0 |
| 31 Dec 25 | 2,420 | 27 | 340 | 0 |
| 30 Sep 25 | 2,498 | 21 | 342 | 0 |
| 30 Jun 25 | 2,585 | -14 | 349 | 0 |
| 31 Mar 25 | 2,647 | -17 | 357 | 0 |
| 31 Dec 24 | 2,672 | -51 | 356 | 0 |
| 30 Sep 24 | 2,752 | -78 | 349 | 0 |
| 30 Jun 24 | 2,777 | -56 | 343 | 0 |
| 31 Mar 24 | 2,846 | -59 | 337 | 0 |
| 31 Dec 23 | 2,958 | -55 | 343 | 0 |
| 30 Sep 23 | 3,055 | -42 | 352 | 0 |
| 30 Jun 23 | 3,185 | -26 | 358 | 0 |
| 31 Mar 23 | 3,239 | -14 | 359 | 0 |
| 31 Dec 22 | 3,217 | 9 | 346 | 0 |
| 30 Sep 22 | 3,186 | -3 | 354 | 0 |
| 30 Jun 22 | 3,063 | -2 | 332 | 0 |
| 31 Mar 22 | 2,999 | 27 | 324 | 0 |
| 31 Dec 21 | 2,960 | 38 | 325 | 0 |
| 30 Sep 21 | 2,949 | -27 | 313 | 0 |
| 30 Jun 21 | 2,922 | -38 | 320 | 0 |
| 31 Mar 21 | 2,813 | -88 | 304 | 0 |
| 31 Dec 20 | 2,930 | -106 | 325 | 0 |
| 30 Sep 20 | 3,156 | -14 | 336 | 0 |
| 30 Jun 20 | 3,421 | -63 | 361 | 0 |
| 31 Mar 20 | 3,785 | -52 | 396 | 0 |
| 31 Dec 19 | 3,923 | -56 | 392 | 0 |
| 30 Sep 19 | 3,978 | -74 | 374 | 0 |
| 30 Jun 19 | 4,008 | 1 | 362 | 0 |
| 31 Mar 19 | 3,979 | 22 | 353 | 0 |
| 31 Dec 18 | 3,986 | 31 | 360 | 0 |
| 30 Sep 18 | 4,025 | 97 | 388 | 0 |
| 30 Jun 18 | 4,057 | 89 | 407 | 0 |
| 31 Mar 18 | 4,100 | 78 | 423 | 0 |
| 31 Dec 17 | 3,951 | 118 | 399 | 0 |
| 30 Sep 17 | 4,166 | 89 | 415 | 0 |
| 30 Jun 17 | 4,217 | 81 | 420 | 0 |
| 31 Mar 17 | 4,286 | 67 | 432 | 0 |
| 31 Dec 16 | 4,330 | 45 | 462 | 0 |
| 30 Sep 16 | 4,445 | -2 | 464 | 0 |
| 30 Jun 16 | 4,524 | -565 | 460 | 0 |
| 31 Mar 16 | 4,552 | -603 | 458 | 0 |
| 31 Dec 15 | 4,597 | -642 | 448 | 0 |
| 30 Sep 15 | 4,708 | -607 | 441 | 0 |
| 30 Jun 15 | 4,809 | -30 | 442 | 0 |
Quality Earnings: QUAD has a large one-off loss of $23.6M impacting its last 12 months of financial results to 31st March, 2026.
Growing Profit Margin: QUAD became profitable in the past.
Free Cash Flow vs Earnings Analysis
Past Earnings Growth Analysis
Earnings Trend: QUAD has become profitable over the past 5 years, growing earnings by 9.7% per year.
Accelerating Growth: QUAD has become profitable in the last year, making the earnings growth rate difficult to compare to its 5-year average.
Earnings vs Industry: QUAD has become profitable in the last year, making it difficult to compare its past year earnings growth to the Commercial Services industry (7.1%).
Return on Equity
High ROE: Whilst QUAD's Return on Equity (21.64%) is high, this metric is skewed due to their high level of debt.
Return on Assets
Return on Capital Employed
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2026/05/11 18:11 |
| End of Day Share Price | 2026/05/08 00:00 |
| Earnings | 2026/03/31 |
| Annual Earnings | 2025/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* Example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.
Analysis Model and Snowflake
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Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.
Analyst Sources
Quad/Graphics, Inc. is covered by 7 analysts. 3 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Daniel Leben | Baird |
| Kevin Steinke | Barrington Research Associates, Inc. |
| Mark Zgutowicz | Benchmark Company |