Quad Graphics Inc Class A Common Stock (QUAD)

FairStock Score: 66/100 — STEADY

Key Financials

AI Analysis

AI-generated, general educational analysis — not personal investment advice.

In my experience, Quad is a leveraged turnaround in a shrinking industry, not a franchise. In fiscal 2025, the year ended 2025-12-31, it earned $27.0M on $2.4B of revenue, versus losses of $50.9M in fiscal 2024 and $55.4M in fiscal 2023. Revenue fell from $3.0B in fiscal 2023 to $2.4B in fiscal 2025. In fiscal Q1 2026, the quarter ended 2026-03-31, revenue was $581.0M and net income $6.2M, compared with fiscal Q1 2025 revenue of $629.4M and net income of $5.8M. So profits are improving on lower sales, which suggests cost cuts rather than organic growth. At the 2026-10-13 close of $9.54, FairStock calculations show a P/E of 14.45, FCF yield of 10.7%, EV/EBITDA of 5.95, but also a Graham Number of $5.99 and a margin of safety of -59.27%. Debt is heavy: D/E of 3.77, Altman Z-Score of 0.01, ROCE of 5.51%. The 4.24% dividend and $50.4M trailing free cash flow are attractions, but revenue has been falling. This can work if management keeps cash flow strong and pays down debt; otherwise the equity is fragile. I see no wide moat and no margin of safety at this price.

In plain English: Quad Graphics prints catalogs, retail inserts, direct mail, packaging and other marketing materials, mostly in North America with some international operations. Sales have been shrinking, but the company returned to profit in fiscal 2025 and produces cash. At $9.54 on 2026-10-13, the price looks high compared with its earnings power and asset value, and the heavy debt makes the business risky.

The full AI analysis, bull and bear case and key monitorables are in FairStock Pro.

Data as of 2026-10-13 close · note generated 2026-10-15 · model deepseek-flash

Sources (SEC EDGAR): fiscal Q1 2026 10-Q (period ended 2026-03-31) · fiscal Q3 2025 10-Q (period ended 2025-09-30) · fiscal Q2 2025 10-Q (period ended 2025-06-30) · fiscal Q1 2025 10-Q (period ended 2025-03-31) · FY2025 10-K (period ended 2025-12-31) · FY2024 10-K (period ended 2024-12-31) · FY2023 10-K (period ended 2023-12-31)

Fundamentals from company filings and market-data providers; prices are end-of-day, not real-time. AI-generated analysis is general and educational — not personal investment advice. Scoring methodology · Score test · Disclaimer