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Quad/Graphics, Inc. (QUAD) Fundamental Analysis & AI Grade 2026

QUAD NYSE Commercial Printing WI CIK: 0001481792
Updated This Month • Analysis: May 6, 2026 • SEC Data: 2026-03-31
Combined AI Grade
D
88% Confidence
N/A
D
88% Conf
Pending
Analysis scheduled

📊 QUAD Key Takeaways

Revenue: $581.0M
Net Margin: 1.1%
Free Cash Flow: $-107.0M
Current Ratio: 0.94x
Debt/Equity: 3.04x
EPS: $0.13
AI Grade: D with 88% confidence
Quad/Graphics, Inc. (QUAD) receives a D fundamental grade with 88% confidence from our AI analysis based on SEC 10-K filings. With revenue of $581.0M, net profit margin of 1.1%, and return on equity (ROE) of 4.9%, Quad/Graphics, Inc. demonstrates mixed fundamentals in the Services sector. Below is our complete QUAD stock analysis for 2026.

Is Quad/Graphics, Inc. (QUAD) a Good Investment?

Claude

Quad/Graphics exhibits critical financial distress with negative operating cash flow (-$93.7M) and negative free cash flow (-$107.0M), indicating the company cannot self-fund operations. Despite a 153% YoY net income improvement, this masks underlying deterioration: revenue declined 9.4% YoY while the company carries $384.5M in debt against only $7.0M in cash and a 0.94x current ratio. The combination of excessive leverage (3.04x debt/equity), thin margins (3.0% operating), and structural industry headwinds presents severe financial distress risk.

Quad/Graphics, Inc. Key Strengths (QUAD)

Claude
  • + Net income increased 153% YoY and EPS grew 150.5%, showing earnings improvement
  • + Operating income remains positive at $17.7M with 3.0% operating margin
  • + Commercial printing segment has potential for margin recovery if operations rationalized

QUAD Stock Risks: Quad/Graphics, Inc. Investment Risks

Claude
  • ! Negative operating cash flow of -$93.7M signals inability to fund operations from core business
  • ! Negative free cash flow of -$107.0M combined with only $7.0M cash and $384.5M debt creates imminent liquidity crisis
  • ! Current ratio of 0.94x indicates working capital deficit and potential covenant breach
  • ! Debt/equity ratio of 3.04x is dangerously high; interest coverage of 1.8x leaves minimal debt service buffer
  • ! Revenue declined 9.4% YoY in structurally declining commercial printing sector
  • ! Extremely poor returns: ROE 4.9% and ROA 0.5% indicate destroyed shareholder value

Key Metrics to Watch

Claude
  • * Operating cash flow trend and path to positive generation
  • * Cash balance and debt service capability over next 2-4 quarters
  • * Revenue stabilization and gross margin trends
  • * Debt reduction progress and covenant compliance status

Quad/Graphics, Inc. (QUAD) Financial Metrics & Key Ratios

Revenue
$581.0M
Net Income
$6.2M
EPS (Diluted)
$0.13
Free Cash Flow
$-107.0M
Total Assets
$1.2B
Cash Position
$7.0M

💡 AI Analyst Insight

The current ratio below 1.0x warrants monitoring of short-term liquidity.

QUAD Profit Margin, ROE & Profitability Analysis

Gross Margin N/A
Operating Margin 3.0%
Net Margin 1.1%
ROE 4.9%
ROA 0.5%
FCF Margin -18.4%

QUAD vs Services Sector: How Quad/Graphics, Inc. Compares

How Quad/Graphics, Inc. compares to Services sector averages

Net Margin
QUAD 1.1%
vs
Sector Avg 10.0%
QUAD Sector
ROE
QUAD 4.9%
vs
Sector Avg 16.0%
QUAD Sector
Current Ratio
QUAD 0.9x
vs
Sector Avg 1.5x
QUAD Sector
Debt/Equity
QUAD 3.0x
vs
Sector Avg 0.7x
QUAD Sector

Sector benchmarks are approximate industry averages. Actual sector performance may vary.

Is Quad/Graphics, Inc. Stock Overvalued? QUAD Valuation Analysis 2026

Based on fundamental analysis, Quad/Graphics, Inc. shows some fundamental concerns relative to the Services sector in 2026.

Return on Equity
4.9%
Sector avg: 16%
Net Profit Margin
1.1%
Sector avg: 10%
Revenue Growth
N/A
Year-over-year
Debt/Equity
3.04x
Sector avg: 0.7x

Note: This is a fundamental analysis based on SEC filings. For P/E ratio, price targets, and market-based valuation, consult financial data providers. This is not investment advice.

Quad/Graphics, Inc. Balance Sheet: QUAD Debt, Cash & Liquidity

Current Ratio
0.94x
Quick Ratio
0.65x
Debt/Equity
3.04x
Debt/Assets
89.7%
Interest Coverage
1.77x
Long-term Debt
$384.5M

QUAD Revenue & Earnings Growth: 5-Year Financial Trend

QUAD 5-year financial data: Year 2021: Revenue $3.0B, Net Income -$128.3M, EPS $-2.53. Year 2022: Revenue $3.2B, Net Income N/A, EPS $0.71. Year 2023: Revenue $3.2B, Net Income N/A, EPS $0.18. Year 2024: Revenue $3.0B, Net Income N/A, EPS $-1.14. Year 2025: Revenue $2.7B, Net Income N/A, EPS $-1.07.
Revenue
Net Income
EPS (right axis)

5-Year Trend Summary: Quad/Graphics, Inc.'s revenue has remained relatively flat over the 5-year period, with a 10% decline. The most recent EPS of $-1.07 indicates the company is currently unprofitable.

QUAD Revenue Growth, EPS Growth & YoY Performance

Revenue Growth
N/A
Year-over-year
Net Income Growth
N/A
Year-over-year
EPS Growth
N/A
Earnings per share
FCF Margin
-18.4%
Free cash flow / Revenue

QUAD Quarterly Earnings & Performance

Quarterly financial performance data for Quad/Graphics, Inc. including revenue, net income, and earnings per share.
Quarter Revenue Net Income EPS
Q1 2026 $581.0M $5.8M $0.11
Q3 2025 $588.0M -$100.0K $0.21
Q2 2025 $571.9M -$100.0K $0.00
Q1 2025 $629.4M $5.8M $0.11
Q3 2024 $674.8M -$2.7M $-0.06
Q2 2024 $634.2M -$2.8M $-0.06
Q1 2024 $654.8M -$24.6M $-0.50
Q3 2023 $700.2M -$1.0M $-0.06

Data sourced from SEC EDGAR 10-Q quarterly filings. Figures may represent quarterly or cumulative values.

Quad/Graphics, Inc. Dividends, Buybacks & Capital Allocation

Operating Cash Flow
-$93.7M
Cash generated from operations
Stock Buybacks
$1.1M
Shares repurchased (TTM)
Capital Expenditures
$13.3M
Investment in assets
Dividends Paid
$5.5M
Returned to shareholders

QUAD SEC Filings: Latest 10-K & 10-Q Analysis

Access official SEC EDGAR filings for Quad/Graphics, Inc. (CIK: 0001481792)

📋 Recent SEC Filings

Date Form Document Action
May 28, 2026 4 xslF345X06/form4.xml View →
May 22, 2026 8-K quad-20260520.htm View →
May 22, 2026 4 xslF345X06/form4.xml View →
May 22, 2026 4 xslF345X06/form4.xml View →
May 22, 2026 4 xslF345X06/form4.xml View →

Frequently Asked Questions about QUAD

What is the AI rating for QUAD?

Quad/Graphics, Inc. (QUAD) has an AI grade of D with 88% confidence, based on fundamental analysis of SEC EDGAR filings.

What are QUAD's key strengths?

Claude: Net income increased 153% YoY and EPS grew 150.5%, showing earnings improvement. Operating income remains positive at $17.7M with 3.0% operating margin.

What are the risks of investing in QUAD?

Claude: Negative operating cash flow of -$93.7M signals inability to fund operations from core business. Negative free cash flow of -$107.0M combined with only $7.0M cash and $384.5M debt creates imminent liquidity crisis.

What is QUAD's revenue and growth?

Quad/Graphics, Inc. reported revenue of $581.0M.

Does QUAD pay dividends?

Quad/Graphics, Inc. pays dividends, with $5.5M distributed to shareholders in the trailing twelve months.

Where can I find QUAD SEC filings?

Official SEC filings for Quad/Graphics, Inc. (CIK: 0001481792) including 10-K, 10-Q, and 8-K reports are available on SEC EDGAR.

What is QUAD's EPS?

Quad/Graphics, Inc. has a diluted EPS of $0.13.

How is the AI analysis conducted?

Two independent AI systems — Claude (Anthropic) and ChatGPT (OpenAI) — analyze SEC EDGAR filings including 10-K annual reports and 10-Q quarterly reports. Each AI evaluates financial health, profitability ratios, balance sheet strength, and growth metrics. The combined grade reflects both perspectives for balanced insights.

What is QUAD's fundamental grade?

Based on our AI fundamental analysis in May 2026, Quad/Graphics, Inc. has a D grade with 88% confidence. Review the strengths and risks sections above for full context. This is not investment advice.

Is QUAD stock overvalued or undervalued?

Valuation metrics for QUAD: ROE of 4.9% (sector avg: 16%), net margin of 1.1% (sector avg: 10%). Compare these metrics with sector averages to assess valuation.

What is QUAD's AI grade for 2026?

Our dual AI analysis gives Quad/Graphics, Inc. a combined D grade for 2026. Revenue is data pending, with profitability at or below sector average. Always conduct your own research.

What is QUAD's free cash flow?

Quad/Graphics, Inc.'s operating cash flow is $-93.7M, with capital expenditures of $13.3M. FCF margin is -18.4%.

How does QUAD compare to other Services stocks?

Vs Services sector averages: Net margin 1.1% (avg: 10%), ROE 4.9% (avg: 16%), current ratio 0.94 (avg: 1.5).

Is Quad/Graphics, Inc. carrying too much debt?

QUAD has a debt-to-equity ratio of 3.04x, which is above the Services sector average of 0.7x. Combined with a current ratio below 1, this warrants careful monitoring of the balance sheet.

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Disclaimer: This analysis is generated by Claude AI (Anthropic) and ChatGPT (OpenAI) based on publicly available SEC EDGAR filings. It does not include stock price data and should not be considered financial advice. All fundamental data is sourced from SEC public domain filings. Always conduct your own research and consult with a qualified financial advisor before making investment decisions.
Data Source: SEC EDGAR | Analysis Date: May 6, 2026 | Data as of: 2026-03-31 | Powered by Claude AI