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Quad/Graphics (QUAD) AI Stock Analysis
Quad/Graphics
(NYSE:QUAD)
The score is held back primarily by constrained financial fundamentals (declining revenue, thin margins, and high leverage) and weak technical trend signals (below key moving averages with negative momentum). Valuation is relatively supportive (P/E ~14 and ~4.9% yield), and the latest earnings call was net-positive on guidance, cash flow outlook, and leverage targets, but not enough to outweigh the fundamental and technical risks.
Quad/Graphics (QUAD) vs. SPDR S&P 500 ETF (SPY)
- Market Cap
- $391.86M
- Dividend Yield
- 4.88%
- Average Volume (3M)
- 367.39K
- Price to Earnings (P/E)
- 14.1
- Beta (1Y)
- 1.12
- Revenue Growth
- -4.88%
- EPS Growth
- 28.67%
- Country
- US
- Employees
- 10,100
- Sector
- Industrials
- Sector Strength
- 63
- Industry
- Specialty Business Services
Quad/Graphics Business Overview & Revenue Model
Company Description
Quad/Graphics, Inc. is a global provider that offers a diverse array of marketing solutions. The company operates through two main divisions: its United States Print and Related Services segment, and an International segment. Their extensive printing...
How the Company Makes Money
Quad/Graphics primarily makes money by selling outsourced marketing and print-related services to business customers under long-term or recurring commercial relationships. Key revenue streams include: (1) Print and production services: revenue from m...
Quad/Graphics Earnings Call Summary
The call was predominantly positive. Management highlighted improving revenue trends, strong new business momentum, expanding targeted print and integrated solutions, significant earnings per share growth, shareholder returns, debt reduction, and continued investment in growth initiatives. These positives were partly offset by declining net sales, lower adjusted EBITDA, negative year-to-date free cash flow, margin dilution from mix and pass-through revenue, the outstanding Capmont receivable, and macroeconomic, postage, and supply chain challenges.
Q3-2026 Updates
Positive Updates
Negative Updates
Company Guidance
For full year 2026, Quad expects net sales to decline 1%-3% compared to 2025, excluding $23 million of 2025 net sales from the divestiture of its European operations; adjusted EBITDA is expected to be between $185 million and $195 million, free cash flow between $45 million-$55 million despite the Mexico tax payment of $12 million, and capital expenditures approximately $55 million. Fourth-quarter free cash flow is expected to be in the range of $145 million-$155 million, while year-end net debt leverage is expected to be approximately 1.5x, the low end of the long-term targeted net debt leverage range of 1.5x to 2.0x. By 2028, integrated solutions and targeted print are expected to represent 76% of total net sales, Quad expects an inflection point of net sales growth, increased adjusted EBITDA margin over the current margin, free cash flow conversion to improve from approximately 26% in 2025 to 35% by 2028, and the long-term targeted net debt leverage ratio to remain in the range of 1.5x to 2.0x; Quad also expects a year-over-year benefit of approximately $9 million in 2027 from returning to 52 weekly payrolls, with the next 53-payroll calendar year not occurring until 2032.
Quad/Graphics Financial Statement Overview
Summary
Earnings and cash flow have improved (TTM net income positive and free cash flow positive), but the overall financial profile is constrained by multi-year revenue declines, thin operating profitability, and a highly leveraged balance sheet (elevated debt-to-equity with a limited equity buffer).
Income Statement
46NeutralBalance Sheet
34NegativeCash Flow
52Neutral| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 2.85B | 2.42B | 2.67B | 2.96B | 3.22B | 2.96B |
| Gross Profit | 909.30M | 444.70M | 480.70M | 450.80M | 460.20M | 416.30M |
| EBITDA | 162.60M | 161.60M | 121.00M | 150.60M | 213.00M | 266.10M |
| Net Income | 26.50M | 27.00M | -50.90M | -55.40M | 9.30M | 37.80M |
Balance Sheet | ||||||
| Total Assets | 1.25B | 1.25B | 1.30B | 1.51B | 1.70B | 1.89B |
| Cash, Cash Equivalents and Short-Term Investments | 22.80M | 63.30M | 29.20M | 52.90M | 25.20M | 179.90M |
| Total Debt | 512.60M | 444.00M | 464.60M | 625.30M | 713.70M | 931.60M |
| Total Liabilities | 1.13B | 1.12B | 1.25B | 1.39B | 1.53B | 1.75B |
| Stockholders Equity | 120.50M | 128.60M | 49.90M | 119.50M | 172.90M | 136.80M |
Cash Flow | ||||||
| Free Cash Flow | 37.20M | 50.70M | 55.70M | 76.80M | 94.30M | 86.50M |
| Operating Cash Flow | 83.50M | 95.90M | 112.90M | 147.60M | 154.60M | 136.50M |
| Investing Cash Flow | -5.60M | -27.70M | 12.70M | -46.40M | -60.50M | 129.40M |
| Financing Cash Flow | -61.00M | -36.10M | -149.10M | -73.60M | -248.70M | -140.90M |
Quad/Graphics Technical Analysis
Price Trends
Market Momentum
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For QUAD, the sentiment is Negative. The current price of 7.69 is below the 20-day moving average (MA) of 8.88, below the 50-day MA of 9.39, and below the 200-day MA of 8.01, indicating a bearish trend. The MACD of -0.51 indicates Positive momentum. The RSI at 33.26 is Neutral, neither overbought nor oversold. The STOCH value of 18.87 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for QUAD.
Quad/Graphics Risk Analysis
Quad/Graphics disclosed 30 risk factors in its most recent earnings report. Quad/Graphics reported the most risks in the "Finance & Corporate" category.
Latest Risks Added
0 New RisksQuad/Graphics Peers Comparison
Overall Rating
ABM77Outperform
RELX74Outperform
CBZ70Outperform
CMPR56Neutral
ARMK52Neutral
QUAD47Neutral
Financial Indicators
| Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
| 77Outperform | $3.21B | 19.30 | 9.44% | 2.16% | 6.00% | 50.32% | |
| 74Outperform | $71.37B | 24.48 | 125.53% | 2.21% | 5.77% | 25.08% | |
| 70Outperform | $3.01B | 21.99 | 7.96% | ― | 3.74% | 48.86% | |
| Sector * | 63Neutral | $10.79B | 15.43 | 7.44% | 2.01% | 2.89% | -14.66% |
| 56Neutral | $1.56B | 17.69 | -16.71% | ― | 10.00% | 149.97% | |
| 52Neutral | $13.80B | 34.45 | 11.75% | 0.95% | 11.02% | 6.21% | |
| 47Neutral | $393.39M | 14.05 | 21.18% | 4.88% | -4.88% | 28.67% |
* Industrials Sector Average
Performance Comparison
| Show on chart | Ticker | Company Name | Price | Change | % Change |
|---|---|---|---|---|---|
| QUAD | Quad/Graphics, Inc. Class A | 7.69 | 2.35 | 43.95% | |
| ABM | Abm Industries Incorporated | 53.67 | 12.49 | 30.34% | |
| CBZ | CBIZ Inc | 54.98 | 3.23 | 6.24% | |
| CMPR | Cimpress NV | 61.92 | -3.36 | -5.15% | |
| ARMK | ARAMARK Holdings Corp. | 50.30 | 13.10 | 35.20% | |
| RELX | Relx PLC (ADR) | 41.45 | 0.52 | 1.28% |
Quad/Graphics Corporate Events
Quad/Graphics Highlights AI-Driven Marketing Platform Transformation
PositiveOn August 26, 2026, Quad/Graphics management planned to present and hold investor meetings at the Midwest IDEAS Conference in Chicago, using an updated investor deck to highlight its transformation into a diversified marketing experience platform. Th...
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.
Date of analysis: Oct 30, 2026