Quad/Graphics annual free cash flow
2009
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2024
2025
Quad/Graphics Free Cash Flow (FCF) History (QUAD)
Quad/Graphics reported $50.7M in free cash flow for fiscal 2025, a decrease of 8.98% from the previous fiscal year, with a free cash flow margin of 2.10%.
View full Quad/Graphics company overviewQuad/Graphics free cash flow by year
| Fiscal year | Period ended | Free cash flow | Change | Growth | FCF margin |
|---|---|---|---|---|---|
| 2025 | 2025-12-31 | $50.7M | −$5.0M | −8.98% | +2.10% |
| 2024 | 2024-12-31 | $55.7M | −$21.1M | −27.47% | +2.08% |
| 2023 | 2023-12-31 | $76.8M | −$17.5M | −18.56% | +2.60% |
| 2022 | 2022-12-31 | $94.3M | $7.8M | +9.02% | +2.93% |
| 2021 | 2021-12-31 | $86.5M | −$42.7M | −33.05% | +2.92% |
| 2020 | 2020-12-31 | $129.2M | $84.7M | +190.34% | +4.41% |
| 2019 | 2019-12-31 | $44.5M | −$119.8M | −72.92% | +1.13% |
| 2018 | 2018-12-31 | $164.3M | −$93.8M | −36.34% | +4.12% |
| 2017 | 2017-12-31 | $258.1M | $10.6M | +4.28% | +6.53% |
| 2016 | 2016-12-31 | $247.5M | $32.4M | +15.06% | +5.72% |
| 2015 | 2015-12-31 | $215.1M | $61.1M | +39.68% | +4.68% |
| 2014 | 2014-12-31 | $154.0M | −$137.6M | −47.19% | +3.22% |
| 2013 | 2013-12-31 | $291.6M | $40.9M | +16.31% | +6.08% |
| 2012 | 2012-12-31 | $250.7M | $47.9M | +23.62% | +6.12% |
| 2011 | 2011-12-31 | $202.8M | $162.6M | +404.48% | +4.69% |
| 2010 | 2010-12-31 | $40.2M | −$114.4M | −74.00% | +1.26% |
| 2009 | 2009-12-31 | $154.6M | — | — | +8.64% |
Quad/Graphics quarterly free cash flow
Q3.10
Q1.11
Q2.11
Q3.11
Q4.11
Q1.12
Q2.12
Q3.12
Q4.12
Q1.13
Q2.13
Q3.13
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Q1.14
Q2.14
Q3.14
Q4.14
Q1.15
Q2.15
Q3.15
Q4.15
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Q2.16
Q3.16
Q4.16
Q1.17
Q2.17
Q3.17
Q4.17
Q1.18
Q2.18
Q3.18
Q4.18
Q1.19
Q2.19
Q3.19
Q4.19
Q1.20
Q2.20
Q3.20
Q4.20
Q1.21
Q2.21
Q3.21
Q4.21
Q1.22
Q2.22
Q3.22
Q4.22
Q1.23
Q2.23
Q3.23
Q4.23
Q1.24
Q2.24
Q3.24
Q4.24
Q1.25
Q2.25
Q3.25
Q4.25
Q1.26
| Fiscal quarter | Period ended | Free cash flow | Change | YoY growth | FCF margin |
|---|---|---|---|---|---|
| Q1 2026 | 2026-03-31 | −$107.0M | −$6.7M | — | −18.42% |
| Q4 2025 | 2025-12-31 | $137.2M | −$10.1M | −6.86% | +21.76% |
| Q3 2025 | 2025-09-30 | −$20.6M | −$10.8M | — | −3.50% |
| Q2 2025 | 2025-06-30 | $34.4M | $46.1M | — | +6.02% |
| Q1 2025 | 2025-03-31 | −$100.3M | −$30.2M | — | −15.94% |
| Q4 2024 | 2024-12-31 | $147.3M | $52.1M | +54.73% | +20.79% |
| Q3 2024 | 2024-09-30 | −$9.8M | −$36.3M | — | −1.45% |
| Q2 2024 | 2024-06-30 | −$11.7M | −$46.1M | — | −1.84% |
| Q1 2024 | 2024-03-31 | −$70.1M | $9.2M | — | −10.71% |
| Q4 2023 | 2023-12-31 | $95.2M | −$78.9M | −45.32% | +12.08% |
| Q3 2023 | 2023-09-30 | $26.5M | $49.3M | — | +3.78% |
| Q2 2023 | 2023-06-30 | $34.4M | $55.4M | — | +4.89% |
| Q1 2023 | 2023-03-31 | −$79.3M | −$43.3M | — | −10.35% |
| Q4 2022 | 2022-12-31 | $174.1M | $68.1M | +64.25% | +19.67% |
| Q3 2022 | 2022-09-30 | −$22.8M | $58.4M | — | −2.75% |
| Q2 2022 | 2022-06-30 | −$21.0M | −$26.7M | — | −2.77% |
| Q1 2022 | 2022-03-31 | −$36.0M | −$92.0M | — | −4.84% |
| Q4 2021 | 2021-12-31 | $106.0M | $33.5M | +46.21% | +12.40% |
| Q3 2021 | 2021-09-30 | −$81.2M | −$108.7M | — | −11.50% |
| Q2 2021 | 2021-06-30 | $5.7M | −$7.8M | −57.78% | +0.82% |
| Q1 2021 | 2021-03-31 | $56.0M | $40.3M | +256.69% | +7.93% |
| Q4 2020 | 2020-12-31 | $72.5M | −$66.4M | −47.80% | +8.60% |
| Q3 2020 | 2020-09-30 | $27.5M | $63.6M | — | +4.05% |
| Q2 2020 | 2020-06-30 | $13.5M | −$32.1M | −70.39% | +2.31% |
| Q1 2020 | 2020-03-31 | $15.7M | $119.6M | — | +1.91% |
| Q4 2019 | 2019-12-31 | $138.9M | −$63.8M | −31.48% | +12.98% |
| Q3 2019 | 2019-09-30 | −$36.1M | −$11.0M | — | −3.83% |
| Q2 2019 | 2019-06-30 | $45.6M | $36.9M | +424.14% | +4.81% |
| Q1 2019 | 2019-03-31 | −$103.9M | −$81.9M | — | −10.81% |
| Q4 2018 | 2018-12-31 | $202.7M | $62.7M | +44.79% | +19.69% |
| Q3 2018 | 2018-09-30 | −$25.1M | −$73.8M | — | −2.58% |
| Q2 2018 | 2018-06-30 | $8.7M | −$20.8M | −70.51% | +0.86% |
| Q1 2018 | 2018-03-31 | −$22.0M | −$61.9M | — | −2.27% |
| Q4 2017 | 2017-12-31 | $140.0M | $94.8M | +209.73% | +14.23% |
| Q3 2017 | 2017-09-30 | $48.7M | $25.4M | +109.01% | +4.84% |
| Q2 2017 | 2017-06-30 | $29.5M | −$63.1M | −68.14% | +3.06% |
| Q1 2017 | 2017-03-31 | $39.9M | −$46.5M | −53.82% | +4.00% |
| Q4 2016 | 2016-12-31 | $45.2M | −$101.9M | −69.27% | +3.77% |
| Q3 2016 | 2016-09-30 | $23.3M | −$4.6M | −16.49% | +2.21% |
| Q2 2016 | 2016-06-30 | $92.6M | $74.4M | +408.79% | +8.97% |
| Q1 2016 | 2016-03-31 | $86.4M | $64.5M | +294.52% | +8.29% |
| Q4 2015 | 2015-12-31 | $147.1M | −$45.2M | −23.50% | +11.20% |
| Q3 2015 | 2015-09-30 | $27.9M | $61.5M | — | +2.46% |
| Q2 2015 | 2015-06-30 | $18.2M | $10.1M | +124.69% | +1.72% |
| Q1 2015 | 2015-03-31 | $21.9M | $34.7M | — | +2.01% |
| Q4 2014 | 2014-12-31 | $192.3M | $2.5M | +1.32% | +14.36% |
| Q3 2014 | 2014-09-30 | −$33.6M | $11.8M | — | −2.72% |
| Q2 2014 | 2014-06-30 | $8.1M | −$46.0M | −85.03% | +0.74% |
| Q1 2014 | 2014-03-31 | −$12.8M | −$105.9M | — | −1.16% |
| Q4 2013 | 2013-12-31 | $189.8M | $86.0M | +82.85% | +14.06% |
| Q3 2013 | 2013-09-30 | −$45.4M | −$76.0M | — | −3.76% |
| Q2 2013 | 2013-06-30 | $54.1M | $26.8M | +98.17% | +4.87% |
| Q1 2013 | 2013-03-31 | $93.1M | $4.1M | +4.61% | +8.24% |
| Q4 2012 | 2012-12-31 | $103.8M | −$70.4M | −40.41% | +9.18% |
| Q3 2012 | 2012-09-30 | $30.6M | $20.2M | +194.23% | +2.94% |
| Q2 2012 | 2012-06-30 | $27.3M | $5.3M | +24.09% | +2.92% |
| Q1 2012 | 2012-03-31 | $89.0M | $92.8M | — | +8.99% |
| Q4 2011 | 2011-12-31 | $174.2M | $297.0M | — | +14.33% |
| Q3 2011 | 2011-09-30 | $10.4M | — | — | +0.94% |
| Q2 2011 | 2011-06-30 | $22.0M | — | — | +2.25% |
| Q1 2011 | 2011-03-31 | −$3.8M | — | — | −0.37% |
| Q3 2010 | 2010-09-30 | −$122.8M | — | — | −10.88% |
Quad/Graphics free cash flow growth trends
Over the last five reported fiscal years, free cash flow declined from $129.2M to $50.7M, a compound annual decline of 17.06%. Quad/Graphics's latest reported quarter, Q1 2026, generated −$107.0M in free cash flow, a decrease of $6.7M year over year.
About the metric
What free cash flow means
Free cash flow is the cash a company generates from operations after capital expenditures. Positive FCF can fund dividends, buybacks, debt repayment, or reinvestment; negative FCF means capital spending exceeded operating cash flow for that period.
Calculation and source
How free cash flow is calculated
TickerStat calculates free cash flow as SEC-reported operating cash flow minus capital expenditures. FCF margin equals free cash flow divided by revenue. Fiscal periods can differ from calendar years, so the tables include exact period-end dates.
Review Quad/Graphics filings at SEC.gov ↗