Export financials
Quad/Graphics (QUAD)
The export includes the complete available history of financial statements and ratios. Numbers are provided in full, without million or billion abbreviations, in their original reporting units.
CSV downloads as a ZIP archive with one file for each report and frequency.

Quad/Graphics Income Statement 2025-2008 | QUAD
Brief overview of profit and loss at Quad/Graphics
This overview is based on financial performance over the past five years. Quad/Graphics reported revenue of 2.9 billion dollars in 2020 and 2.4 billion dollars by 2025. Overall revenue changed by −17.4%, equal to an annualized rate of about −3.8%. The business finished the period with a smaller revenue base.
At the gross-profit level, the result moved from 595 million dollars to 523 million dollars, a change of −12%. Cost of revenue moved broadly in line with sales. Gross profit as a share of revenue changed from 20.3% to 21.6%. There was no meaningful shift in gross profitability.
Over the period, EBITDA shifted from 260 million dollars to 170 million dollars, a change of −34.4%. EBITDA lagged revenue, showing weaker operating momentum. EBITDA margin moved from 8.9% to 7%. EBITDA as a share of revenue remained steady.
The final result was −128 million dollars initially and 27 million dollars in the final year. The trajectory reversed from a loss to positive earnings.
The five-year change in capitalization reached +33.8%: from $234 million to $313 million. Market value lagged the financial performance.
Overall conclusion
The financial profile remains mixed, with strengths and risks moving in different directions. Key strengths include net-income growth and a stronger gross margin. The most visible risks are limited revenue growth and pressure on operating profitability. Future reports should be judged by revenue momentum, margins, and the conversion of sales into net income.
Annual Income Statement Quad/Graphics
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Market Cap |
313 M | 313 M | 162 M | 209 M | 205 M | 234 M | 219 M | 681 M | 1.13 B | 1.25 B | 483 M | 952 M | 1.09 B | 1 B | 555 M | - | - | - |
Shares |
47.6 M | 47.6 M | 48.4 M | 50.7 M | 51.3 M | 50 M | 50 M | 49.8 M | 49.6 M | 47.9 M | 47.9 M | 47.5 M | 47 M | 46.8 M | 47.1 M | 37.5 M | 28.3 M | - |
Historical Prices |
6.58 | 6.58 | 3.35 | 4.12 | 4 | 3.82 | 4.36 | 10.4 | 18.2 | 20.5 | 6.54 | 15.2 | 17 | 12.1 | 7.97 | - | - | - |
Net Income |
27 M | -50.9 M | -55.4 M | 9.3 M | 37.8 M | -128 M | -156 M | 8.5 M | 107 M | 44.9 M | -642 M | 18.6 M | 32.5 M | 87.4 M | -46.9 M | -250 M | 52.8 M | - |
Revenue |
2.42 B | 2.67 B | 2.96 B | 3.22 B | 2.96 B | 2.93 B | 3.92 B | 4.19 B | 4.13 B | 4.33 B | 4.68 B | 4.86 B | 4.8 B | 4.09 B | 4.32 B | - | - | - |
Cost of Revenue |
1.9 B | 2.09 B | 2.38 B | 2.62 B | 2.39 B | 2.33 B | 3.19 B | 3.22 B | 3.09 B | 3.39 B | 3.68 B | 3.81 B | 3.8 B | 3.18 B | 3.3 B | 2.41 B | 1.27 B | - |
Gross Profit |
- | - | - | - | - | 595 M | 731 M | 764 M | 872 M | 935 M | 917 M | 970 M | 994 M | 910 M | 1.02 B | - | - | - |
Operating Income |
97 M | 19.2 M | 25.7 M | 53.5 M | 92.8 M | -46 M | 34.7 M | 87.3 M | 173 M | 117 M | -830 M | 141 M | 142 M | 106 M | 157 M | 61.6 M | 112 M | - |
Interest Expense |
50.5 M | 64.5 M | 70 M | 48.4 M | 59.6 M | 68.8 M | 90 M | 73.2 M | 70.9 M | 77.2 M | 88.4 M | 92.9 M | 85.5 M | 84 M | 108 M | 92.9 M | 64.1 M | - |
EBITDA |
170 M | 104 M | 127 M | 164 M | 219 M | 260 M | 334 M | 392 M | 459 M | 480 M | 468 M | 545 M | 578 M | 563 M | 616 M | 295 M | 307 M | - |
Operating Expenses |
- | - | - | - | - | 517 M | 607 M | 603 M | 646 M | 732 M | 774 M | 762 M | 756 M | 686 M | 752 M | - | - | - |
General and Administrative Expenses |
326 M | 357 M | 344 M | 359 M | 326 M | 335 M | 398 M | 372 M | 413 M | 455 M | 448 M | 426 M | 416 M | 347 M | 407 M | 303 M | 194 M | - |
All numbers in USD currency
Quarterly Income Statement Quad/Graphics
| 2026-Q1 | 2025-Q3 | 2025-Q2 | 2025-Q1 | 2024-Q3 | 2024-Q2 | 2024-Q1 | 2023-Q3 | 2023-Q2 | 2023-Q1 | 2022-Q4 | 2022-Q3 | 2022-Q2 | 2022-Q1 | 2021-Q4 | 2021-Q3 | 2021-Q2 | 2021-Q1 | 2020-Q4 | 2020-Q3 | 2020-Q2 | 2020-Q1 | 2019-Q4 | 2019-Q3 | 2019-Q2 | 2019-Q1 | 2018-Q4 | 2018-Q3 | 2018-Q2 | 2018-Q1 | 2017-Q4 | 2017-Q3 | 2017-Q2 | 2017-Q1 | 2016-Q4 | 2016-Q3 | 2016-Q2 | 2016-Q1 | 2015-Q4 | 2015-Q3 | 2015-Q2 | 2015-Q1 | 2014-Q4 | 2014-Q3 | 2014-Q2 | 2014-Q1 | 2013-Q4 | 2013-Q3 | 2013-Q2 | 2013-Q1 | 2012-Q4 | 2012-Q3 | 2012-Q2 | 2012-Q1 | 2011-Q4 | 2011-Q3 | 2011-Q2 | 2011-Q1 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Shares |
47.7 M | 47.5 M | 47.6 M | 48 M | 47.8 M | 47.7 M | 47.2 M | 48 M | 49.3 M | 49.2 M | - | 50.1 M | 52.1 M | 51.5 M | - | 51.3 M | 51.3 M | 51.4 M | - | 50.7 M | 50.7 M | 50.5 M | - | 50.1 M | 50.1 M | 49.6 M | - | 49.3 M | 50.8 M | 50.1 M | - | 49.5 M | 49.5 M | 49.1 M | - | 47.8 M | 47.4 M | 47.6 M | - | 48 M | 47.9 M | 47.7 M | - | 47.5 M | 47.5 M | 47.4 M | - | 47 M | 46.9 M | 46.8 M | - | 46.8 M | 46.8 M | 46.8 M | - | 47.1 M | 47.3 M | 47.2 M |
Net Income |
6.2 M | 10.2 M | -100 K | 5.8 M | -24.7 M | -2.8 M | -28.1 M | -2.7 M | -6.1 M | -24.6 M | - | 13.7 M | 5.3 M | -1 M | - | 14.3 M | 34.4 M | 10.2 M | - | 1.6 M | -23.5 M | -12.4 M | - | -126 M | -14.8 M | -22.5 M | - | 23.4 M | 9.4 M | -3.5 M | - | 19.8 M | 6.7 M | 25.4 M | - | 11.3 M | -7.7 M | 3.8 M | - | -552 M | -45.1 M | -35.2 M | - | 24.4 M | -22.8 M | -8.8 M | - | 13 M | -27.2 M | -14 M | - | 39.8 M | -20.8 M | 47.4 M | - | -22.4 M | -10.3 M | -7.3 M |
Revenue |
581 M | 588 M | 572 M | 629 M | 675 M | 634 M | 655 M | 700 M | 703 M | 766 M | - | 830 M | 758 M | 744 M | - | 706 M | 694 M | 706 M | - | 679 M | 584 M | 822 M | - | 944 M | 949 M | 1 B | - | 1.03 B | 1.02 B | 968 M | - | 4.13 B | 963 M | 999 M | - | 1.06 B | 1.03 B | 1.04 B | - | 1.14 B | 1.06 B | 1.09 B | - | 1.24 B | 1.1 B | 1.1 B | - | 1.21 B | 1.11 B | 1.13 B | - | 1.04 B | 934 M | 990 M | - | 1.11 B | 977 M | 1.02 B |
Cost of Revenue |
458 M | 454 M | 448 M | 500 M | 528 M | 494 M | 521 M | 561 M | 570 M | 618 M | - | 674 M | 618 M | 620 M | - | 574 M | 554 M | 560 M | - | 543 M | 461 M | 648 M | - | 764 M | 772 M | 788 M | - | 777 M | 827 M | 792 M | - | 3.26 B | 765 M | 781 M | - | 825 M | 821 M | 804 M | - | 910 M | 858 M | 875 M | - | 977 M | 893 M | 893 M | - | 950 M | 894 M | 910 M | - | 798 M | 741 M | 773 M | - | 840 M | 757 M | 784 M |
Operating Income |
17.7 M | 26.4 M | 13.7 M | 19.6 M | -4.9 M | 15.1 M | -10.7 M | 13.7 M | 8.4 M | 100 K | - | 25.2 M | 14.2 M | 5.4 M | - | 28 M | 48 M | 21 M | - | 6.3 M | -2.8 M | 5 M | - | -29.4 M | 18.7 M | 16.4 M | - | 47 M | 20.9 M | 7.1 M | - | 155 M | 30.1 M | 51 M | - | 33.8 M | 13.3 M | 13 M | - | -772 M | -25.8 M | -11.8 M | - | 53.6 M | 500 K | 11 M | - | 44.4 M | -5.2 M | -900 K | - | 59.1 M | -9.6 M | 1.9 M | - | 56.1 M | 10.9 M | 24.8 M |
Interest Expense |
10 M | 12.8 M | 13.2 M | 12.4 M | 17 M | 17.2 M | 15.2 M | 17.7 M | 17 M | 16.3 M | - | 12.1 M | 10.9 M | 9.3 M | - | 15 M | 15.6 M | 14.5 M | - | 17.9 M | 16.2 M | 18.1 M | - | 22 M | 25.8 M | 21.8 M | - | 18.3 M | 18.4 M | 17.3 M | - | 71.1 M | 17.6 M | 18.2 M | - | 19.6 M | 18.6 M | 20.7 M | - | 22.3 M | 21.6 M | 22.5 M | - | 25.1 M | 23.5 M | 20.9 M | - | 20.9 M | 21.3 M | 21.9 M | - | 21.7 M | 20.7 M | 21.4 M | - | 25.4 M | 29.3 M | 29.8 M |
EBITDA |
36.1 M | 86.1 M | - | 39.3 M | 74.5 M | - | 17.9 M | - | - | 33.8 M | - | 132 M | 14.2 M | 41.9 M | - | 147 M | 79.2 M | 53.8 M | - | 41.5 M | 34 M | 42.5 M | - | 11.9 M | 60.3 M | 59 M | - | 91 M | 71 M | 57.5 M | - | 209 M | 84 M | 105 M | - | 90.8 M | 69.6 M | 71 M | - | -712 M | 37.1 M | 50.4 M | - | 118 M | 66.6 M | 75.9 M | - | 109 M | 64.9 M | 70.6 M | - | 126 M | 58.7 M | 69.7 M | - | 124 M | 77.9 M | 96 M |
General and Administrative Expenses |
78.4 M | 80.9 M | 80.2 M | 83.5 M | 88.4 M | 88.7 M | 83.1 M | 82.5 M | 83.3 M | 89.2 M | - | 90.8 M | 86.9 M | 79.1 M | - | 68.7 M | 80.1 M | 80.5 M | - | 75.1 M | 63.3 M | 99.6 M | - | 99.6 M | 96.4 M | 94.5 M | - | 89.2 M | 99.2 M | 86.9 M | - | 424 M | 104 M | 98.6 M | - | 110 M | 113 M | 119 M | - | 106 M | 110 M | 110 M | - | 107 M | 100 M | 104 M | - | 102 M | 105 M | 106 M | - | 87.3 M | 80.6 M | 92 M | - | 96 M | 105 M | 97.9 M |
All numbers in USD currency
The income statement is one of the three key financial reports of a company Quad/Graphics (alongside the balance sheet and the cash flow statement). It shows how the company makes money and what its expenses are:
- How much revenue the company earned
- How much it spent on production, personnel, marketing, taxes, etc.
- What profit remained in the end
Analyzing the income statement helps an investor understand whether the business generates stable and growing profits, how effectively the company controls its expenses, and whether it is capable of generating income in the future. Additionally, this analysis shows how the company copes with crises and economic cycles, and allows assessing the potential for stock price growth and dividend payments.
Features- The income statement may include both recurring and one-time items (for example, profit from the sale of assets). It is necessary to separate core metrics from one-off events for accurate analysis.
- Companies often publish interim reports (e.g., quarterly), which allows for more timely tracking of trends.
- A combined analysis of the income statement with the balance sheet and cash flow statement provides a comprehensive view of the company’s financial health.