Quad/Graphics, Inc.
QUAD NYSE Commercial Printing Financials FY2016–FY2025
Revenue
Total sales reported in the income statement.
$2.4B
9.4%
vs prior year
Operating margin
Operating income as a share of revenue.
4.0%
3.3 pts
Net income
Profit after all expenses, interest and tax.
$27.0M
Free cash flow
Cash from operations minus capital spending.
$50.7M
9.0%
Return on capital
After-tax operating income as a share of the money invested in the business: debt plus equity, minus cash.
18.5%
14.7 pts
Market cap
Last close times the latest diluted share count, so it is approximate.
—
P/E
Last close divided by diluted earnings per share over the last four quarters.
—
On $0.56 EPS (TTM)
What Quad/Graphics, Inc. does
No business description yet.
- Legal name
- Quad/Graphics, Inc.
- Fiscal year ends
- December 31, 2025
- Latest annual report
- 10-K · Feb 18, 2026
- Accession · CIK
- 0001481792-26-000042
0001481792
Revenue and margins
Quad/Graphics, Inc. had $2.4B of revenue in fiscal 2025, down 9.4% on the year before.
FY16
Revenue $4.3B
FY17
Revenue $4.0B
FY18
Revenue $4.0B
FY19
Revenue $3.9B
FY20
Revenue $2.9B
FY21
Revenue $3.0B
FY22
Revenue $3.2B
FY23
Revenue $3.0B
FY24
Revenue $2.7B
FY25
Revenue $2.4B
Q2 '23
Revenue $703M
Q3 '23
Revenue $700M
Q4 '23
Revenue $788M
Q1 '24
Revenue $655M
Q2 '24
Revenue $634M
Q3 '24
Revenue $675M
Q4 '24
Revenue $708M
Q1 '25
Revenue $629M
Q2 '25
Revenue $572M
Q3 '25
Revenue $588M
Q4 '25
Revenue $631M
Q1 '26
Revenue $581M
FY16
Gross 21.6%
Operating 2.7%
Net 1.0%
FCF 5.7%
FY17
Gross 21.8%
Operating 4.4%
Net 2.7%
FCF 6.5%
FY18
Gross 19.2%
Operating 2.2%
Net 0.2%
FCF 4.1%
FY19
Gross 18.6%
Operating 0.9%
Net −4.0%
FCF 1.1%
FY20
Gross 20.3%
Operating −1.6%
Net −4.4%
FCF 4.4%
FY21
Gross 19.3%
Operating 3.1%
Net 1.3%
FCF 2.9%
FY22
Gross 18.6%
Operating 1.7%
Net 0.3%
FCF 2.9%
FY23
Gross 19.5%
Operating 0.9%
Net −1.9%
FCF 2.6%
FY24
Gross 21.7%
Operating 0.7%
Net −1.9%
FCF 2.1%
FY25
Gross 21.6%
Operating 4.0%
Net 1.1%
FCF 2.1%
Gross
Operating
Net
FCF
Q2 '23
Gross 19.0%
Operating 1.2%
Net −0.9%
FCF 4.9%
Q3 '23
Gross 19.9%
Operating 2.0%
Net −0.4%
FCF 3.8%
Q4 '23
Gross 19.6%
Operating 0.4%
Net −2.8%
FCF 12.1%
Q1 '24
Gross 20.4%
Operating −1.6%
Net −4.3%
FCF −10.7%
Q2 '24
Gross 22.1%
Operating 2.4%
Net −0.4%
FCF −1.8%
Q3 '24
Gross 21.8%
Operating −0.7%
Net −3.7%
FCF −1.5%
Q4 '24
Gross 22.4%
Operating 2.8%
Net 0.7%
FCF 20.8%
Q1 '25
Gross 20.6%
Operating 3.1%
Net 0.9%
FCF −15.9%
Q2 '25
Gross 21.6%
Operating 2.4%
Net −0.0%
FCF 6.0%
Q3 '25
Gross 22.8%
Operating 4.5%
Net 1.7%
FCF −3.5%
Q4 '25
Gross 21.6%
Operating 5.9%
Net 1.8%
FCF 21.8%
Q1 '26
Gross 21.2%
Operating 3.0%
Net 1.1%
FCF −18.4%
Gross
Operating
Net
FCF
Net income and earnings per share
From fiscal 2016 to 2025, diluted EPS grew −5.5% a year. Loss periods are shown in red.
FY16
Net income $44.9M
FY17
Net income $107M
FY18
Net income $8.5M
FY19
Net income −$156M
FY20
Net income −$128M
FY21
Net income $37.8M
FY22
Net income $9.3M
FY23
Net income −$55.4M
FY24
Net income −$50.9M
FY25
Net income $27.0M
Q2 '23
Net income −$6.1M
Q3 '23
Net income −$2.7M
Q4 '23
Net income −$22.0M
Q1 '24
Net income −$28.1M
Q2 '24
Net income −$2.8M
Q3 '24
Net income −$24.7M
Q4 '24
Net income $4.7M
Q1 '25
Net income $5.8M
Q2 '25
Net income −$0.1M
Q3 '25
Net income $10.2M
Q4 '25
Net income $11.1M
Q1 '26
Net income $6.2M
FY16
Diluted EPS $0.90
FY17
Diluted EPS $2.07
FY18
Diluted EPS $0.16
FY19
Diluted EPS −$3.12
FY20
Diluted EPS −$2.53
FY21
Diluted EPS $0.71
FY22
Diluted EPS $0.18
FY23
Diluted EPS −$1.14
FY24
Diluted EPS −$1.07
FY25
Diluted EPS $0.54
Q2 '23
Diluted EPS −$0.12
Q3 '23
Diluted EPS −$0.06
Q4 '23
Diluted EPS −$0.46
Q1 '24
Diluted EPS −$0.60
Q2 '24
Diluted EPS −$0.06
Q3 '24
Diluted EPS −$0.52
Q4 '24
Diluted EPS $0.11
Q1 '25
Diluted EPS $0.11
Q2 '25
Diluted EPS $0.00
Q3 '25
Diluted EPS $0.21
Q4 '25
Diluted EPS $0.22
Q1 '26
Diluted EPS $0.13
Returns on capital
After-tax operating income as a share of the money invested in the business: debt plus equity, minus cash.
FY16
Return on capital 6.0%
Return on equity 10.2%
Return on assets 1.7%
FY17
Return on capital 12.3%
Return on equity 22.2%
Return on assets 4.3%
FY18
Return on capital 6.7%
Return on equity 1.8%
Return on assets 0.3%
FY19
Return on capital 2.2%
Return on equity −46.7%
Return on assets −6.4%
FY20
Return on capital −3.8%
Return on equity −82.6%
Return on assets −5.9%
FY21
Return on capital 9.8%
Return on equity 34.2%
Return on assets 2.0%
FY22
Return on capital 4.9%
Return on equity 6.0%
Return on assets 0.5%
FY23
Return on capital 5.9%
Return on equity −200.4%
Return on assets −3.5%
FY24
Return on capital 3.8%
Return on equity —
Return on assets −3.6%
FY25
Return on capital 18.5%
Return on equity 30.3%
Return on assets 2.1%
Return on capital
Return on equity
Return on assets
Cash flow
Free cash flow was $50.7M in fiscal 2025, 2.1% of revenue. Cash from operations minus capital spending.
FY16
Free cash flow $248M
FY17
Free cash flow $258M
FY18
Free cash flow $164M
FY19
Free cash flow $44.5M
FY20
Free cash flow $129M
FY21
Free cash flow $86.5M
FY22
Free cash flow $94.3M
FY23
Free cash flow $76.8M
FY24
Free cash flow $55.7M
FY25
Free cash flow $50.7M
Q2 '23
Free cash flow $34.4M
Q3 '23
Free cash flow $26.5M
Q4 '23
Free cash flow $95.2M
Q1 '24
Free cash flow −$70.1M
Q2 '24
Free cash flow −$11.7M
Q3 '24
Free cash flow −$9.8M
Q4 '24
Free cash flow $147M
Q1 '25
Free cash flow −$100M
Q2 '25
Free cash flow $34.4M
Q3 '25
Free cash flow −$20.6M
Q4 '25
Free cash flow $137M
Q1 '26
Free cash flow −$107M
FY16
Cash from operations $354M
Capital spending $106M
FY17
Cash from operations $344M
Capital spending $85.9M
FY18
Cash from operations $261M
Capital spending $96.3M
FY19
Cash from operations $156M
Capital spending $111M
FY20
Cash from operations $190M
Capital spending $61.0M
FY21
Cash from operations $137M
Capital spending $50.0M
FY22
Cash from operations $155M
Capital spending $60.3M
FY23
Cash from operations $148M
Capital spending $70.8M
FY24
Cash from operations $113M
Capital spending $57.2M
FY25
Cash from operations $95.9M
Capital spending $45.2M
Cash from operations
Capital spending
Q2 '23
Cash from operations $50.9M
Capital spending $16.5M
Q3 '23
Cash from operations $40.8M
Capital spending $14.3M
Q4 '23
Cash from operations $107M
Capital spending $11.3M
Q1 '24
Cash from operations −$52.2M
Capital spending $17.9M
Q2 '24
Cash from operations $3.9M
Capital spending $15.6M
Q3 '24
Cash from operations $2.4M
Capital spending $12.2M
Q4 '24
Cash from operations $159M
Capital spending $11.5M
Q1 '25
Cash from operations −$89.0M
Capital spending $11.3M
Q2 '25
Cash from operations $47.4M
Capital spending $13.0M
Q3 '25
Cash from operations −$8.4M
Capital spending $12.2M
Q4 '25
Cash from operations $146M
Capital spending $8.7M
Q1 '26
Cash from operations −$93.7M
Capital spending $13.3M
Cash from operations
Capital spending
Dividends, buybacks and share count
Quad/Graphics, Inc. returned $22.4M to shareholders in fiscal 2025, 44% of free cash flow. The diluted share count rose 4.8%.
FY16
Dividends $61.1M
Buybacks $8.8M
FY17
Dividends $62.5M
Buybacks $3.8M
FY18
Dividends $62.9M
Buybacks $36.7M
FY19
Dividends $57.1M
Buybacks $0.0M
FY20
Dividends $9.5M
Buybacks —
FY21
Dividends $1.4M
Buybacks $0.0M
FY22
Dividends $1.4M
Buybacks $10.0M
FY23
Dividends $0.1M
Buybacks $12.6M
FY24
Dividends $9.4M
Buybacks $0.0M
FY25
Dividends $14.4M
Buybacks $8.0M
Dividends
Buybacks
Q2 '23
Dividends $0.0M
Buybacks $4.7M
Q3 '23
Dividends $0.0M
Buybacks $5.2M
Q4 '23
Dividends $0.0M
Buybacks $2.4M
Q1 '24
Dividends $2.4M
Buybacks $0.0M
Q2 '24
Dividends $2.3M
Buybacks $0.0M
Q3 '24
Dividends $2.3M
Buybacks $0.0M
Q4 '24
Dividends $2.4M
Buybacks $0.0M
Q1 '25
Dividends $3.5M
Buybacks $3.3M
Q2 '25
Dividends $3.9M
Buybacks $4.3M
Q3 '25
Dividends $3.5M
Buybacks $0.2M
Q4 '25
Dividends $3.5M
Buybacks $0.2M
Q1 '26
Dividends $5.5M
Buybacks $1.1M
Dividends
Buybacks
FY16
Diluted shares 0.05B
FY17
Diluted shares 0.05B
FY18
Diluted shares 0.05B
FY19
Diluted shares 0.05B
FY20
Diluted shares 0.05B
FY21
Diluted shares 0.05B
FY22
Diluted shares 0.05B
FY23
Diluted shares 0.05B
FY24
Diluted shares 0.05B
FY25
Diluted shares 0.05B
Balance sheet
Cash, debt and the ratios that show how comfortably Quad/Graphics, Inc. can carry it.
FY16
Cash $19.2M
Debt $1.1B
FY17
Cash $64.4M
Debt $946M
FY18
Cash $69.5M
Debt $926M
FY19
Cash $78.7M
Debt $1.1B
FY20
Cash $55.2M
Debt $928M
FY21
Cash $180M
Debt $804M
FY22
Cash $25.2M
Debt $570M
FY23
Cash $52.9M
Debt $523M
FY24
Cash $29.2M
Debt $379M
FY25
Cash $63.3M
Debt $371M
Cash
Debt
| Fiscal year end | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|
| Cash and short-term investments | $180M | $25.2M | $52.9M | $29.2M | $63.3M |
| Debt incl. finance leases | $804M | $570M | $523M | $379M | $371M |
| Net debt / EBITDA | 2.9x | 3.3x | 3.7x | 3.4x | 1.8x |
| Debt / equity | 5.9x | 3.3x | — | 7.6x | 2.9x |
| Interest coverage | 1.6x | 1.1x | 0.4x | 0.3x | 1.9x |
| Current ratio | 0.8x | 0.9x | 0.7x | 0.8x | 0.9x |
| Quick ratio | 0.6x | 0.6x | 0.5x | 0.5x | 0.6x |
| Total assets | $1.9B | $1.7B | $1.5B | $1.3B | $1.3B |
| Total liabilities | $1.8B | $1.5B | $1.4B | $1.2B | $1.1B |
| Shareholders' equity | $137M | $173M | −$118M | $49.9M | $129M |
| Net debt (− = net cash) | $624M | $545M | $470M | $350M | $308M |
Insider trades
Open-market purchases and sales by officers, directors and 10% owners, from Form 4 filings. 'Plan' marks trades under a pre-arranged Rule 10b5-1 plan.
Bought, 12 months
$0.0M
0 insiders
Sold, 12 months
$0.0M
0 insiders
Of sales under plans
—
$0.0M
No open-market insider trades in the last 12 months.
Piotroski F-score
Nine pass/fail tests of profitability, funding and efficiency. 8–9 is strong, 0–2 weak.
| Test | FY16 | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|---|---|---|---|---|
| Net income is positive | ✓ | ✓ | ✓ | ✕ | ✕ | ✓ | ✓ | ✕ | ✕ | ✓ |
| Cash from operations is positive | ✓ | ✓ | ✓ | ✓ | ✓ | ✓ | ✓ | ✓ | ✓ | ✓ |
| Return on assets rose | — | ✓ | ✕ | ✕ | ✕ | ✓ | ✕ | ✕ | ✕ | ✓ |
| Cash from operations exceeds net income | ✓ | ✓ | ✓ | ✓ | ✓ | ✓ | ✓ | ✓ | ✓ | ✓ |
| Debt fell relative to assets | — | ✓ | ✓ | ✕ | ✕ | ✓ | ✓ | ✕ | ✓ | ✕ |
| Current ratio rose | — | ✓ | ✕ | ✓ | ✕ | ✕ | ✓ | ✕ | ✓ | ✓ |
| Share count didn't rise | — | ✕ | ✓ | ✓ | ✕ | ✕ | ✓ | ✓ | ✓ | ✕ |
| Gross margin rose | — | ✓ | ✕ | ✕ | ✓ | ✕ | ✕ | ✓ | ✓ | ✕ |
| Revenue rose relative to assets | — | ✕ | ✓ | ✓ | ✕ | ✓ | ✓ | ✓ | ✓ | ✕ |
| F-score | — / 3 | 7 / 9 | 6 / 9 | 5 / 9 | 3 / 9 | 6 / 9 | 7 / 9 | 5 / 9 | 7 / 9 | 5 / 9 |
| Accruals ratio | −12.0% | −9.4% | −10.2% | −12.8% | −14.7% | −5.2% | −8.1% | −12.6% | −11.7% | −5.4% |
| Altman Z'' | 0.59 | 0.98 | 0.44 | −0.10 | −1.08 | −1.01 | −1.01 | −2.10 | −2.28 | −1.43 |
10 years of figures
US$ millions unless stated. Hover a ratio's name for its definition.
| Fiscal year | FY16 | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|---|---|---|---|---|
| Income statement | ||||||||||
| Revenue | $4.3B | $4.0B | $4.0B | $3.9B | $2.9B | $3.0B | $3.2B | $3.0B | $2.7B | $2.4B |
| Net interest income | — | — | — | −$0.8M | $5.6M | $7.6M | $1.7M | — | — | — |
| Gross profit | $935M | $860M | $764M | $731M | $595M | $571M | $598M | $577M | $580M | $523M |
| Research and development | $9.3M | $9.0M | $3.6M | $3.6M | $3.0M | $3.1M | $3.3M | $3.1M | $3.2M | $2.9M |
| Operating income | $117M | $173M | $87.3M | $34.7M | −$46.0M | $92.8M | $53.5M | $25.7M | $19.2M | $97.0M |
| Interest expense | $77.2M | $70.9M | $73.2M | $90.0M | $68.8M | $59.6M | $48.4M | $70.0M | $64.5M | $50.5M |
| Pretax income | $59.3M | $109M | $26.5M | −$79.8M | −$106M | $47.0M | $17.7M | −$42.6M | −$44.5M | $32.5M |
| Income tax | $13.0M | −$9.2M | −$2.4M | −$24.4M | $0.3M | $9.5M | $8.4M | $12.8M | $6.4M | $5.5M |
| Net income | $44.9M | $107M | $8.5M | −$156M | −$128M | $37.8M | $9.3M | −$55.4M | −$50.9M | $27.0M |
| Net income to common | $44.9M | — | — | — | — | — | — | — | — | — |
| Diluted EPS | $0.90 | $2.07 | $0.16 | −$3.12 | −$2.53 | $0.71 | $0.18 | −$1.14 | −$1.07 | $0.54 |
| Diluted shares | 0.05B | 0.05B | 0.05B | 0.05B | 0.05B | 0.05B | 0.05B | 0.05B | 0.05B | 0.05B |
| Cash flow | ||||||||||
| Cash from operations | $354M | $344M | $261M | $156M | $190M | $137M | $155M | $148M | $113M | $95.9M |
| Capital expenditure | $106M | $85.9M | $96.3M | $111M | $61.0M | $50.0M | $60.3M | $70.8M | $57.2M | $45.2M |
| Free cash flow | $248M | $258M | $164M | $44.5M | $129M | $86.5M | $94.3M | $76.8M | $55.7M | $50.7M |
| Depreciation and amortization | $226M | $200M | $181M | $165M | $143M | $126M | $110M | $101M | $85.0M | $73.4M |
| Stock-based compensation | $15.2M | $16.4M | $15.6M | $13.6M | $10.6M | $6.2M | $6.0M | $5.6M | $7.3M | $6.6M |
| Acquisitions | $0.0M | $0.0M | $71.4M | $121M | $2.2M | $0.0M | $2.6M | $1.5M | $0.0M | $16.3M |
| Share buybacks | $8.8M | $3.8M | $36.7M | $0.0M | — | $0.0M | $10.0M | $12.6M | $0.0M | $8.0M |
| Dividends paid | $61.1M | $62.5M | $62.9M | $57.1M | $9.5M | $1.4M | $1.4M | $0.1M | $9.4M | $14.4M |
| Dividends and buybacks | $69.9M | $66.3M | $99.6M | $57.1M | $9.5M | $1.4M | $11.4M | $12.7M | $9.4M | $22.4M |
| Balance sheet | ||||||||||
| Cash and short-term investments | $19.2M | $64.4M | $69.5M | $78.7M | $55.2M | $180M | $25.2M | $52.9M | $29.2M | $63.3M |
| Total debt | $1.1B | $946M | $926M | $1.1B | $923M | $801M | $568M | $514M | $377M | $370M |
| Finance lease liabilities | — | — | — | $13.7M | $4.8M | $3.2M | $2.4M | $8.5M | $2.1M | $1.3M |
| Current assets | $903M | $909M | $947M | $911M | $679M | $809M | $705M | $588M | $534M | $538M |
| Current liabilities | $775M | $746M | $851M | $813M | $683M | $957M | $795M | $791M | $699M | $624M |
| Inventory | $265M | $247M | $279M | $211M | $170M | $226M | $261M | $179M | $162M | $144M |
| Property and equipment, net | $1.5B | $1.3B | $1.2B | $1.0B | $884M | $727M | $672M | $621M | $500M | $462M |
| Goodwill | $0.0M | $0.0M | $44.5M | $103M | $103M | $86.4M | $86.4M | $103M | $100M | $108M |
| Intangible assets | $59.7M | $43.4M | $113M | $137M | $104M | $75.3M | $46.9M | $21.8M | $7.2M | $13.7M |
| Total assets | $2.6B | $2.5B | $2.5B | $2.4B | $1.9B | $1.9B | $1.7B | $1.5B | $1.3B | $1.3B |
| Total liabilities | $2.1B | $1.9B | $2.0B | $2.2B | $1.8B | $1.8B | $1.5B | $1.4B | $1.2B | $1.1B |
| Preferred stock | $0.0M | $0.0M | $0.0M | $0.0M | $0.0M | $0.0M | $0.0M | $0.0M | $0.0M | $0.0M |
| Shareholders' equity | $442M | $522M | $443M | $227M | $84.1M | $137M | $173M | −$118M | $49.9M | $129M |
| Margins | ||||||||||
| Gross margin | 21.6% | 21.8% | 19.2% | 18.6% | 20.3% | 19.3% | 18.6% | 19.5% | 21.7% | 21.6% |
| Operating margin | 2.7% | 4.4% | 2.2% | 0.9% | −1.6% | 3.1% | 1.7% | 0.9% | 0.7% | 4.0% |
| EBITDA margin | 7.9% | 9.4% | 6.7% | 5.1% | 3.3% | 7.4% | 5.1% | 4.3% | 3.9% | 7.0% |
| Net margin | 1.0% | 2.7% | 0.2% | −4.0% | −4.4% | 1.3% | 0.3% | −1.9% | −1.9% | 1.1% |
| FCF margin | 5.7% | 6.5% | 4.1% | 1.1% | 4.4% | 2.9% | 2.9% | 2.6% | 2.1% | 2.1% |
| Net interest share of revenue | — | — | — | −0.0% | 0.2% | 0.3% | 0.1% | — | — | — |
| Returns | ||||||||||
| Return on capital | 6.0% | 12.3% | 6.7% | 2.2% | −3.8% | 9.8% | 4.9% | 5.9% | 3.8% | 18.5% |
| Return on capital employed | 6.5% | 10.1% | 5.4% | 2.2% | −3.7% | 9.9% | 5.9% | 3.6% | 3.2% | 15.4% |
| Return on equity | 10.2% | 22.2% | 1.8% | −46.7% | −82.6% | 34.2% | 6.0% | −200.4% | — | 30.3% |
| Return on assets | 1.7% | 4.3% | 0.3% | −6.4% | −5.9% | 2.0% | 0.5% | −3.5% | −3.6% | 2.1% |
| Return on tangible equity | 11.8% | 22.4% | 3.0% | — | — | — | 23.5% | — | — | 369.9% |
| Growth | ||||||||||
| Revenue growth | — | −8.7% | 0.9% | −1.6% | −25.3% | 1.1% | 8.7% | −8.1% | −9.7% | −9.4% |
| Net income growth | — | 138.8% | −92.1% | −1,938.8% | — | — | −75.4% | −695.7% | — | — |
| EPS growth | — | 130.0% | −92.3% | −2,050.0% | — | — | −74.6% | −733.3% | — | — |
| FCF growth | — | 4.3% | −36.3% | −72.9% | 190.3% | −33.0% | 9.0% | −18.6% | −27.5% | −9.0% |
| Share count change | — | 4.0% | −0.4% | −3.1% | 1.2% | 4.7% | −0.9% | −7.8% | −1.7% | 4.8% |
| Financial health | ||||||||||
| Net debt / EBITDA | 3.2x | 2.4x | 3.2x | 5.2x | 9.0x | 2.9x | 3.3x | 3.7x | 3.4x | 1.8x |
| Debt / equity | 2.5x | 1.8x | 2.1x | 4.8x | 11.0x | 5.9x | 3.3x | — | 7.6x | 2.9x |
| Interest coverage | 1.5x | 2.4x | 1.2x | 0.4x | −0.7x | 1.6x | 1.1x | 0.4x | 0.3x | 1.9x |
| Current ratio | 1.2x | 1.2x | 1.1x | 1.1x | 1.0x | 0.8x | 0.9x | 0.7x | 0.8x | 0.9x |
| Quick ratio | 0.8x | 0.9x | 0.8x | 0.9x | 0.7x | 0.6x | 0.6x | 0.5x | 0.5x | 0.6x |
| Capital allocation | ||||||||||
| Capex / revenue | 2.5% | 2.2% | 2.4% | 2.8% | 2.1% | 1.7% | 1.9% | 2.4% | 2.1% | 1.9% |
| Stock comp / revenue | 0.4% | 0.4% | 0.4% | 0.3% | 0.4% | 0.2% | 0.2% | 0.2% | 0.3% | 0.3% |
| Payouts / FCF | 28.2% | 25.7% | 60.6% | 128.3% | 7.4% | 1.6% | 12.1% | 16.5% | 16.9% | 44.2% |
| Quality scores | ||||||||||
| Piotroski F-score | — | 7.0 | 6.0 | 5.0 | 3.0 | 6.0 | 7.0 | 5.0 | 7.0 | 5.0 |
| Altman Z'' | 0.6 | 1.0 | 0.4 | −0.1 | −1.1 | −1.0 | −1.0 | −2.1 | −2.3 | −1.4 |
| Accruals ratio | −12.0% | −9.4% | −10.2% | −12.8% | −14.7% | −5.2% | −8.1% | −12.6% | −11.7% | −5.4% |
Source: SEC EDGAR XBRL filings (CIK 0001481792). Data updated October 24, 2026. Quarterly fourth quarters are the full year minus the first nine months. For information only — not investment advice. Check the original filings before relying on any figure.