Valuation, from the filing
| Public float | $172.28M | Market value of stock held by non-affiliates, as stated on the cover page for 2025-06-30 |
|---|---|---|
| Float / revenue | 0.1× | A lower bound on the multiple, because affiliate holdings are excluded. |
| Float / equity | 1.3× | A lower bound on the multiple, because affiliate holdings are excluded. |
Every figure here is drawn from the 10-K cover page and the statements behind it, so each one traces to a filing. Public float counts only stock held by non-affiliates, which makes these floors rather than estimates: a high multiple is conclusive, a low one may mean cheap or may mean closely held. The float was measured on 2025-06-30, not today, and each multiple below it uses the figures for the fiscal year ending 2025-12-31 — the year that filing covered.
Valuation over time
3.9× earnings today, against a median of 10.7× across 4 years on record. Below its own history.
| Float measured | Public float | Float / net income | |
|---|---|---|---|
| 2021-06-30 | $146.45M | 3.9× | |
| 2018-06-30 | $631.42M | 74.3× | |
| 2017-06-30 | $702.67M | 6.6× | |
| 2016-06-30 | $668.01M | 14.9× |
Each float is paired with the fiscal year the filing that stated it covers. Only years where the company reported positive net income appear, because a multiple against a loss is not a multiple.
Quad/Graphics, Inc. (QUAD) reported revenue of $2.38B for the fiscal year ended 2026-09-30. This page shows 1 annual period of income statement, balance sheet and cash flow figures normalized from Quad/Graphics, Inc.’s SEC filings, each linked to the filing it came from. It is classified by the SEC under Commercial Printing.
Income
| Metric | 2026-09-30 |
|---|---|
| Revenue | $2.38B |
| Cost of revenue | $1.87B |
| Gross profit | $508.30M |
| Operating income | $83.80M |
| Net income | Unavailable |
| Research & development | Unavailable |
| Weighted-average diluted shares | Unavailable |
| Pretax income | $30.80M |
| Income tax expense | $4.30M |
| Diluted EPS | Unavailable |
| Selling, general & administrative | $316.20M |
| General & administrative | Unavailable |
| Selling & marketing | Unavailable |
Balance
| Metric | 2026-09-30 |
|---|---|
| Cash & equivalents | $22.80M |
| Total assets | $1.25B |
| Current assets | $574.00M |
| Total liabilities | $1.13B |
| Current liabilities | $590.40M |
| Total equity incl. NCI | $120.50M |
| Temporary (mezzanine) equity | Unavailable |
| Inventory | $188.70M |
| Accounts receivable | $330.50M |
| Goodwill | $107.60M |
| Long-term debt | $390.20M |
| Accounts payable | $328.10M |
Cash flow
| Metric | 2026-09-30 |
|---|---|
| Operating cash flow | $83.50M |
| Capital expenditures | $46.30M |
| Investing cash flow | -$5.60M |
| Financing cash flow | -$61.00M |
| Net change in cash | $16.60M |
| Stock-based compensation | $7.40M |
| Common dividends paid | $18.40M |
| Common share repurchases | $8.60M |
| Depreciation & amortization | Unavailable |
Derived
| Metric | 2026-09-30 |
|---|---|
| Free cash flow | $37.20M |
| Gross margin | 21.4% |
| Operating margin | 3.5% |
| FCF margin | 1.6% |
| SBC / revenue | 0.3% |
| Current ratio | 0.97x |
| Revenue YoY growth | -4.9% |
| Net margin | Unavailable |
| R&D / revenue | Unavailable |
| CapEx / revenue | 1.9% |
| Long-term debt / equity | 3.24x |
| Effective tax rate | 14.0% |
Amounts are abbreviated; the exact reported value is carried in each cell. — means unavailable, not zero. Open QUAD in the interactive workspace to inspect any figure back to its filing.
Source filings
Every accounting identity this site checks — the balance sheet, the gross profit bridge and the cash flow statement — reconciles in every period shown.