Quad/Graphics, Inc. (QUAD) Spending and interest coverage
- R&D / revenue · 12 months: Value (m); Formula and calculation Research and development expense / revenue. Period ending 2026-03-31..
- Stock-based compensation / revenue · 12 months: Value 0.27%; Formula and calculation Share-based compensation / revenue. Period ending 2026-03-31..
- Interest coverage · 12 months: Value 1.98×; Formula and calculation Operating income ÷ reported interest expense..
Spending and interest coverage
Overview →Financial period ending 2026-03-31; current quote (m). Amounts retain their stated periods and units.
| Metric | Value | Formula and calculation |
|---|---|---|
| R&D / revenue · 12 months | (m) | Research and development expense / revenue. Period ending 2026-03-31. Calculation unavailable: missing inputs remain (m). |
| Stock-based compensation / revenue · 12 months | 0.27% | Share-based compensation / revenue. Period ending 2026-03-31. $6.30M ÷ $2.37B × 100 ≈ 0.27% |
| Interest coverage · 12 months | 1.98× | Operating income ÷ reported interest expense. $95.10M ÷ $48.10M ≈ 1.98× |
Calculation inputs
| Input | Amount with unit | Raw financial data |
|---|---|---|
| Research and development spending | (m) | Research and Development Expense |
| Revenue | 2.37B USD | Revenue from Contract with Customer, Excluding Assessed Tax |
| Stock-based compensation | 6.30M USD | Share-based Payment Arrangement, Noncash Expense |
| Operating income | 95.10M USD | Operating Income (Loss) |
| Interest expense · reported / estimated | 48.10M USD | Interest Expense · Estimated expense assumptions |
Latest interest expense basis: Reported. Estimated values carry *; expand each history row’s basis for its dated balances and rate assumptions.
Calculated history
Changes compare with the next older row (previous quarter), unless explicitly labeled otherwise. Rolling 12-month growth compares two successive quarter-end rolling totals; it is not year-over-year growth.
| Period ending | Research and development spending (USD) | Revenue (USD) | Stock-based compensation (USD) | Operating income (USD) | Interest expense · reported / estimated (USD) | R&D / revenue | SBC / revenue | Interest coverage | Interest expense basis |
|---|---|---|---|---|---|---|---|---|---|
| 2026-03-31 | (m) | $2.37B | $6.30M | $95.10M | $48.10M | (m) | 0.27% | 1.98× | Reported |
| 2025-12-31 | $2.90M | $2.42B | $6.60M | $97.00M | $50.50M | 0.12% | 0.27% | 1.92× | Reported |
| 2025-09-30 | (m) | $2.50B | $6.50M | $79.40M | $53.50M | (m) | 0.26% | 1.48× | Reported |
| 2025-06-30 | (m) | $2.58B | $6.70M | $48.10M | $57.70M | (m) | 0.26% | 0.83× | Reported |
| 2025-03-31 | (m) | $2.65B | $7.10M | $49.50M | $61.70M | (m) | 0.27% | 0.80× | Reported |
| 2024-12-31 | $3.20M | $2.67B | $7.30M | $19.20M | $64.50M | 0.12% | 0.27% | 0.30× | Reported |
| 2024-09-30 | (m) | $2.75B | $6.90M | $3.00M | $68.40M | (m) | 0.25% | 0.04× | Reported |
| 2024-06-30 | (m) | $2.78B | $6.70M | $21.60M | $69.10M | (m) | 0.24% | 0.31× | Reported |
| 2024-03-31 | (m) | $2.85B | $6.40M | $14.90M | $68.90M | (m) | 0.22% | 0.22× | Reported |
| 2023-12-31 | $3.10M | $2.96B | $5.60M | $25.70M | $70.00M | 0.10% | 0.19% | 0.37× | Reported |
| 2023-09-30 | (m) | $3.06B | $5.70M | $30.90M | $67.10M | (m) | 0.19% | 0.46× | Reported |
| 2023-06-30 | (m) | $3.18B | $5.50M | $42.40M | $61.50M | (m) | 0.17% | 0.69× | Reported |
| 2023-03-31 | (m) | $3.24B | $5.10M | $48.20M | $55.40M | (m) | 0.16% | 0.87× | Reported |
| 2022-12-31 | $3.30M | $3.22B | $6.00M | $53.50M | $48.40M | 0.10% | 0.19% | 1.11× | Reported |
| 2022-09-30 | (m) | $3.19B | $4.50M | $40.60M | $46.80M | (m) | 0.14% | 0.87× | Reported |
| 2022-06-30 | (m) | $3.06B | $5.30M | $43.40M | $49.70M | (m) | 0.17% | 0.87× | Reported |
| 2022-03-31 | (m) | $3.00B | $5.10M | $77.20M | $54.40M | (m) | 0.17% | 1.42× | Reported |
| 2021-12-31 | $3.10M | $2.96B | $6.20M | $92.80M | $59.60M | 0.10% | 0.21% | 1.56× | Reported |
| 2021-09-30 | (m) | $2.95B | $9.00M | $42.50M | $61.70M | (m) | 0.31% | 0.69× | Reported |
| 2021-06-30 | (m) | $2.92B | $9.70M | $20.80M | $64.60M | (m) | 0.33% | 0.32× | Reported |
| 2021-03-31 | (m) | $2.81B | $10.80M | $-30.00M | $65.20M | (m) | 0.38% | -0.46× | Reported |
| 2020-12-31 | $3.00M | $2.93B | $10.60M | $-46.00M | $68.80M | 0.10% | 0.36% | -0.67× | Reported |
| 2020-09-30 | (m) | $3.16B | $10.20M | $37.50M | $72.60M | (m) | 0.32% | 0.52× | Reported |
| 2020-06-30 | (m) | $3.42B | $11.50M | $1.80M | $76.70M | (m) | 0.34% | 0.02× | Reported |
| 2020-03-31 | (m) | $3.78B | $11.40M | $23.30M | $86.30M | (m) | 0.30% | 0.27× | Reported |
| 2019-12-31 | $3.60M | $3.92B | $13.60M | $34.70M | $90.00M | 0.09% | 0.35% | 0.39× | Reported |
| 2019-09-30 | (m) | $4.19B | $14.90M | $-21.50M | $89.00M | (m) | 0.36% | -0.24× | Reported |
| 2019-06-30 | (m) | $4.22B | $14.20M | $41.60M | $85.30M | (m) | 0.34% | 0.49× | Reported |
| 2019-03-31 | (m) | $4.23B | $15.20M | $53.80M | $77.80M | (m) | 0.36% | 0.69× | Reported |
| 2018-12-31 | $3.60M | $4.19B | $15.60M | $58.00M | $73.30M | 0.09% | 0.37% | 0.79× | Reported |
| 2018-09-30 | (m) | $4.18B | $15.70M | $96.00M | $71.50M | (m) | 0.38% | 1.34× | Reported |
| 2018-06-30 | (m) | $4.15B | $15.80M | $111.80M | $71.00M | (m) | 0.38% | 1.57× | Reported |
| 2018-03-31 | (m) | $4.10B | $15.80M | $121.00M | $70.20M | (m) | 0.39% | 1.72× | Reported |
| 2017-12-31 | $9.00M | $4.13B | $16.40M | $164.90M | $71.10M | 0.22% | 0.40% | 2.32× | Reported |
| 2017-09-30 | (m) | $4.17B | $16.20M | $198.00M | $71.90M | (m) | 0.39% | 2.75× | Reported |
| 2017-06-30 | (m) | $4.22B | $16.70M | $182.40M | $73.70M | (m) | 0.40% | 2.47× | Reported |
| 2017-03-31 | (m) | $4.29B | $16.00M | $163.00M | $74.70M | (m) | 0.37% | 2.18× | Reported |
| 2016-12-31 | $9.30M | $4.33B | $15.20M | $122.40M | $77.20M | 0.21% | 0.35% | 1.59× | Reported |
| 2016-09-30 | (m) | $4.53B | $15.20M | $39.80M | $80.90M | (m) | 0.34% | 0.49× | Reported |
| 2016-06-30 | (m) | $4.60B | $9.50M | $-766.10M | $83.60M | (m) | 0.21% | -9.16× | Reported |
| 2016-03-31 | (m) | $4.63B | $9.70M | $-805.20M | $86.60M | (m) | 0.21% | -9.30× | Reported |
| 2015-12-31 | $10.30M | $4.68B | $7.20M | $-830.00M | $88.40M | 0.22% | 0.15% | -9.39× | Reported |
| 2015-09-30 | (m) | $4.77B | $8.10M | $-733.50M | $89.80M | (m) | 0.17% | -8.17× | Reported |
| 2015-06-30 | (m) | $4.85B | $14.60M | $92.20M | $92.60M | (m) | 0.30% | 1.00× | Reported |
| 2015-03-31 | (m) | $4.87B | $15.80M | $118.50M | $94.50M | (m) | 0.32% | 1.25× | Reported |
| 2014-12-31 | $11.30M | $4.86B | $17.30M | $141.30M | $92.90M | 0.23% | 0.36% | 1.52× | Reported |
| 2014-09-30 | (m) | $4.79B | $18.30M | $169.00M | $90.90M | (m) | 0.38% | 1.86× | Reported |
| 2014-06-30 | (m) | $4.76B | $17.90M | $159.80M | $86.70M | (m) | 0.38% | 1.84× | Reported |
| 2014-03-31 | (m) | $4.77B | $17.60M | $154.10M | $84.50M | (m) | 0.37% | 1.82× | Reported |
| 2013-12-31 | $13.40M | $4.80B | $18.60M | $142.20M | $85.50M | 0.28% | 0.39% | 1.66× | Reported |
| 2013-09-30 | (m) | $4.58B | $16.70M | $93.40M | $84.30M | (m) | 0.36% | 1.11× | Reported |
| 2013-06-30 | (m) | $4.41B | $15.80M | $108.10M | $85.10M | (m) | 0.36% | 1.27× | Reported |
| 2013-03-31 | (m) | $4.23B | $15.00M | $103.70M | $84.50M | (m) | 0.35% | 1.23× | Reported |
| 2012-12-31 | $13.20M | $4.09B | $13.40M | $106.50M | $84.00M | 0.32% | 0.33% | 1.27× | Reported |
| 2012-09-30 | (m) | $4.18B | $18.40M | $116.50M | $87.30M | (m) | 0.44% | 1.33× | Reported |
| 2012-06-30 | (m) | $4.25B | $17.20M | $113.50M | $91.00M | (m) | 0.40% | 1.25× | Reported |
| 2012-03-31 | (m) | $4.29B | $15.90M | $134.00M | $99.60M | (m) | 0.37% | 1.35× | Reported |
| 2011-12-31 | $16.90M | $4.32B | $14.90M | $156.90M | $108.00M | 0.39% | 0.34% | 1.45× | Reported |
| 2011-09-30 | (m) | (m) | (m) | (m) | (m) | (m) | (m) | (m) | (m) |
| 2011-06-30 | (m) | (m) | (m) | (m) | (m) | (m) | (m) | (m) | (m) |
| 2011-03-31 | (m) | (m) | (m) | (m) | (m) | (m) | (m) | (m) | (m) |
| 2010-12-31 | $17.30M | $3.19B | $5.10M | $61.60M | $92.90M | 0.54% | 0.16% | 0.66× | Reported |
| 2010-09-30 | (m) | (m) | (m) | (m) | (m) | (m) | (m) | (m) | (m) |
| 2010-06-30 | (m) | (m) | (m) | (m) | (m) | (m) | (m) | (m) | (m) |
| 2009-12-31 | $14.30M | $1.79B | $4.40M | $112.40M | $64.10M | 0.80% | 0.25% | 1.75× | Reported |
(m) means missing inputs. Historical market-based ratios use the saved close on or immediately before period ending and that period’s reported shares; current quotes are not substituted. Five-year projections repeat historical CAGR, not analyst forecasts.