Quad/Graphics, Inc. (QUAD) — Financial statements
Income statement, balance sheet, and cash flow for Quad/Graphics, Inc. — annual and quarterly history with growth and margin analysis.
| Metric (USD Millions) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
| Revenue & Gross Profit | ||||||
| Revenue | 2,420↓9.4% | 2,672↓9.7% | 2,958↓8.1% | 3,217↑8.7% | 2,960 | |
| Cost of Revenue | 1,975↓9.9% | 2,192↓12.6% | 2,507↓9.1% | 2,757↑8.4% | 2,544 | |
| Gross Profit | 445↓7.5% | 481↑6.6% | 451↓2.0% | 460↑10.5% | 416 | |
| Operating Expenses | ||||||
| R&D Expenses | 0.00↓100.0% | 3↑3.2% | 3↓6.1% | 3↑6.5% | 3 | |
| General & Administrative Expenses | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Selling & Marketing Expenses | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| SG&A Expenses | 326↓7.0% | 350↑0.4% | 349↓2.1% | 357↑10.3% | 323 | |
| Other Expenses | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Operating Expenses | 326↓7.8% | 354↑0.5% | 352↓2.2% | 360↑10.3% | 326 | |
| Total Costs & Expenses | 2,301↓9.6% | 2,545↓11.0% | 2,859↓8.3% | 3,117↑8.6% | 2,870 | |
| Operating Results | ||||||
| Operating Income | 119↓6.5% | 127↑28.6% | 99↓1.6% | 100↑11.4% | 90 | |
| Depreciation & Amortization | 79↓23.3% | 103↓20.4% | 129↓8.8% | 141↓10.2% | 157 | |
| EBITDA | 197↑63.1% | 121↓19.7% | 151↓29.3% | 213↓20.0% | 266 | |
| EBIT | 119↑542.2% | 18↓15.1% | 22↓69.6% | 72↓34.1% | 109 | |
| Interest & Other Income | ||||||
| Net Interest Income | -51↑21.7% | -65↑7.9% | -70↓44.6% | -48↑18.8% | -60 | |
| Interest Income | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Interest Expense | 51↓21.7% | 65↓7.9% | 70↑44.6% | 48↓18.8% | 60 | |
| Non-Operating Income | 0.00↓100.0% | 109↑41.0% | 77↑168.3% | 29↑253.5% | -19 | |
| Other Income / Expenses | -86↑49.7% | -172↓21.4% | -141↓71.0% | -83↓93.2% | -43 | |
| Income Before Tax | 33↑173.0% | -45↓4.5% | -43↓340.7% | 18↓62.6% | 47 | |
| Income Tax Expense | 6↓14.1% | 6↓50.0% | 13↑52.4% | 8↓11.6% | 10 | |
| Net Income & EPS | ||||||
| Net Income from Continuing Operations | 27↑153.0% | -51↑8.1% | -55↓695.7% | 9↓75.4% | 38 | |
| Net Income from Discontinued Operations | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Net Income | 27↑153.0% | -51↑8.1% | -55↓695.7% | 9↓75.4% | 38 | |
| Bottom-Line Net Income | 27↑153.0% | -51↑8.1% | -55↓695.7% | 9↓75.4% | 38 | |
| EPS (Basic) | 0.57↑153.3% | -1.07↑6.1% | -1.14↓733.3% | 0.18↓75.7% | 0.74 | |
| EPS (Diluted) | 0.54↑150.5% | -1.07↑6.1% | -1.14↓733.3% | 0.18↓74.6% | 0.71 | |
| Weighted Average Shares | 48↑0.0% | 48↓1.7% | 48↓4.5% | 51↓1.2% | 51 | |
| Weighted Average Diluted Shares | 50↑4.8% | 48↓1.7% | 48↓7.8% | 53↓0.9% | 53 | |
* All figures in Millions of USD, except per share data. Growth rates calculated Year-over-Year (YoY). Data source: SEC Filings.