QUAD
Quad/Graphics, Inc.
QUAD trails on the overall score without a compensating advantage in the available component scores.
VRT
Vertiv Holdings Co
VRT has the edge over QUAD overall, supported by stronger valuation and stronger fundamentals.
QUAD Fundamentals
| Metric | Status |
|---|---|
| Stable | |
| Healthy | |
| Under pressure | |
| Stable |
QUAD's profitability is currently healthy, and its revenue and balance sheet are stable, but its cash flow is under pressure.
VRT Fundamentals
| Metric | Status |
|---|---|
| Strong | |
| Strong | |
| Strong | |
| Strong |
VRT's revenue, profitability, cash flow and balance sheet are all currently strong.
QUAD PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Forward | 5.7x | $7.54 | — |
| Cheap | 9.2x | $4.86 | -36% |
| Fair | 14x | $7.20 | -4.5% |
| Current | 14x | $7.54 | — |
| Expensive | 16x | $8.49 | +13% |
Historical ranges are pointers, not guarantees.
QUAD's PE is in its fair range at 14x. If earnings grow as analysts expect, today's price would be 5.7x next year's earnings, in its cheap range.
VRT PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Forward | 23x | $210 | — |
| Current | 39x | $210 | — |
| Cheap | 58x | $308 | +47% |
| Fair | 72x | $383 | +83% |
| Expensive | 88x | $472 | +125% |
Historical ranges are pointers, not guarantees.
VRT has the edge over QUAD in the historical PE scenario, which offers more potential upside but is not a forecast.
QUAD Forward outlook
| Metric | Outlook |
|---|---|
| Strongly improving | |
| Growth | |
| Stable | |
| Stable | |
| Limited | |
| High |
Analysts expect QUAD's earnings to grow, with its revenue and profitability holding steady.
VRT Forward outlook
| Metric | Outlook |
|---|---|
| Strongly improving | |
| Strong growth | |
| Strong growth | |
| Strongly improving | |
| Moderate | |
| Moderate |
VRT has the edge over QUAD on the outlook, with more favorable revenue and profitability expectations.
QUAD Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $1.32 | +148% |
| Q3 2026 | $0.53 | +23% |
| Q2 2026 | $0.63 | +$0.93 |
| Q1 2026 | $0.56 | +$0.92 |
| Q4 2025 | $0.54 | +$1.61 |
| Q3 2025 | $0.43 | +$2.07 |
| Q2 2025 | -$0.30 | +$0.88 |
| Q1 2025 | -$0.36 | +$0.88 |
| Q4 2024 | -$1.07 | +$0.07 |
QUAD's earnings per share have fallen from their peak: $0.53 over the past year, against $0.71 in late 2021.
VRT Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $9.14 | +71% |
| Q3 2026 | $5.35 | +102% |
| Q2 2026 | $4.42 | +111% |
| Q1 2026 | $3.98 | +131% |
| Q4 2025 | $3.41 | +166% |
| Q3 2025 | $2.65 | +75% |
| Q2 2025 | $2.09 | +62% |
| Q1 2025 | $1.72 | +64% |
| Q4 2024 | $1.28 | +7.6% |
VRT's earnings per share have climbed steadily: $5.35 over the past year, up 102% from the year before, and higher year over year every quarter since late 2021.
QUAD Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $586.7M | -0.2% |
| Q2 2026 | $577.5M | +1% |
| Q1 2026 | $581M | -7.7% |
| Q4 2025 | $630.6M | -11% |
| Q3 2025 | $588M | -13% |
| Q2 2025 | $571.9M | -9.8% |
| Q1 2025 | $629.4M | -3.9% |
| Q4 2024 | $708.4M | -10% |
QUAD's revenue has slid since its 2019 peak: $587M last quarter, about level with the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 2.4% | -2.1 points |
| Q2 2026 | 2.6% | +0.2 points |
| Q1 2026 | 3% | -0.1 points |
| Q4 2025 | 5.9% | +3.1 points |
| Q3 2025 | 4.5% | +5.2 points |
| Q2 2025 | 2.4% | 0 points |
| Q1 2025 | 3.1% | +4.7 points |
| Q4 2024 | 2.8% | +2.3 points |
QUAD's operating margin was 2.4% last quarter, down 2.1 points from the same quarter a year ago.
VRT Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $4.3B | +61% |
| Q2 2026 | $3.3B | +24% |
| Q1 2026 | $2.6B | +30% |
| Q4 2025 | $2.9B | +23% |
| Q3 2025 | $2.7B | +29% |
| Q2 2025 | $2.6B | +35% |
| Q1 2025 | $2B | +24% |
| Q4 2024 | $2.3B | +26% |
VRT has the edge over QUAD on sales, with more consistent year-over-year improvement.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 23% | +3.5 points |
| Q2 2026 | 19% | +2.7 points |
| Q1 2026 | 17% | +2.3 points |
| Q4 2025 | 20% | +0.7 points |
| Q3 2025 | 19% | +1.4 points |
| Q2 2025 | 17% | -0.4 points |
| Q1 2025 | 14% | +1.9 points |
| Q4 2024 | 19% | +4.2 points |
VRT has the edge over QUAD on profitability, with a higher operating margin.
QUAD Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | -$33.8M | -$13.2M |
| Q2 2026 | $40.8M | +19% |
| Q1 2026 | -$107M | -$6.7M |
| Q4 2025 | $137.2M | -6.9% |
| Q3 2025 | -$20.6M | -$10.8M |
| Q2 2025 | $34.4M | +$46.1M |
| Q1 2025 | -$100.3M | -$30.2M |
| Q4 2024 | $147.3M | +55% |
QUAD usually generates cash, though not every quarter: the latest was −$34M, but it generated $37M over the past year.
VRT Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | $654.9M | +41% |
| Q2 2026 | $926.5M | +233% |
| Q1 2026 | $654.2M | +145% |
| Q4 2025 | $885.6M | +143% |
| Q3 2025 | $463.5M | +36% |
| Q2 2025 | $277.9M | -19% |
| Q1 2025 | $266.8M | +162% |
| Q4 2024 | $364.5M | +18% |
VRT has the edge over QUAD on cash flow, with more consistent year-over-year improvement.
QUAD Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | +0.8% | +400K shares |
| 1 year | +1.4% | +700K shares |
| 3 years | +5% | +2.4M shares |
| 5 years | -5.1% | -2.7M shares |
| Available history | +0.8% | +400K shares |
QUAD has 50M diluted shares, up 1.4% from a year ago, despite $9M in buybacks over the past year.
| Quarter | Spent |
|---|---|
| Q3 2026 | $5.2M |
| Q2 2026 | $2.1M |
| Q1 2026 | $1.1M |
| Q4 2025 | $200,000 |
| Q3 2025 | $200,000 |
| Q2 2025 | $4.3M |
| Q1 2025 | $3.3M |
| Q4 2024 | — |
QUAD spent $9M buying back its own shares over the past year, up 10% from the year before.
VRT Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | 0% | -64.9K shares |
| 1 year | +0.4% | +1.8M shares |
| 3 years | +1.1% | +4.4M shares |
| 5 years | +10% | +36M shares |
| Available history | +63% | +152M shares |
VRT has the edge over QUAD on shareholder dilution, with a more favorable share count trend.
| Quarter | Spent |
|---|---|
| Q4 2025 | — |
| Q3 2025 | — |
| Q2 2025 | — |
| Q1 2025 | — |
| Q4 2024 | — |
| Q3 2024 | — |
| Q2 2024 | — |
| Q1 2024 | $599.9M |
QUAD Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q1 2022 | 2.9x | Moderate |
| Q4 2021 | 2.5x | Moderate |
| Q3 2021 | 3.9x | Elevated |
| Q2 2021 | 4.0x | Elevated |
| Q1 2021 | 5.5x | High |
| Q4 2020 | 6.4x | High |
| Q3 2020 | 4.1x | High |
| Q2 2020 | 4.9x | High |
QUAD's net debt is about 2.9 years of its operating earnings (EBITDA), down from 5.5 years a year ago.
VRT Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2026 | -0.2x | Net Cash |
| Q2 2026 | 0.1x | Very low |
| Q1 2026 | 0.3x | Very low |
| Q4 2025 | 0.6x | Very low |
| Q3 2025 | 0.8x | Very low |
| Q2 2025 | 0.7x | Very low |
| Q1 2025 | 0.8x | Very low |
| Q4 2024 | 1.0x | Healthy |
VRT has more cash than debt.
QUAD Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 40.0 | Neutral |
| Stochastic | 8.1 | Oversold |
QUAD's weekly RSI is 40 (neutral) and its Stochastic is 8 (oversold).
VRT Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 43.0 | Neutral |
| Stochastic | 26.4 | Neutral |
VRT's weekly RSI is 43 (neutral) and its Stochastic is 26 (neutral).
QUAD PE vs Industrials Sector
| Metric | QUAD | Sector median | Relative |
|---|---|---|---|
| PE | 14x | 24x | 41% below |
| PE % | 55 | 58 | 3 pts below |
QUAD has the edge over VRT on valuation relative to its sector.
VRT PE vs Industrials Sector
| Metric | VRT | Sector median | Relative |
|---|---|---|---|
| PE | 39x | 24x | 63% above |
| PE % | 3 | 58 | 55 pts below |
VRT is trading at 39x earnings, a 63% premium to the Industrials sector's median of 24x.
QUAD Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $8.68 | 13% below |
| 20 week MA | $9.21 | 18% below |
| 50 week MA | $7.84 | 3.8% below |
| 100 week MA | $6.90 | 9.3% above |
| 200 week MA | $5.95 | 27% above |
QUAD has pulled back, but its long-term trend is still up: it's below its 8-, 20- and 50-week averages, but 27% above its 200-week average.
VRT Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $221.8 | 5.5% below |
| 20 week MA | $254.4 | 18% below |
| 50 week MA | $253.9 | 17% below |
| 100 week MA | $189.1 | 11% above |
| 200 week MA | $123.5 | 70% above |
VRT has pulled back, but its long-term trend is still up: it's below its 8-, 20- and 50-week averages, but 70% above its 200-week average.
QUAD Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $4.41 | $3.52 | -20% |
| 2021 | $3.52 | $3.97 | +13% |
| 2022 | $3.97 | $3.71 | -6.5% |
| 2023 | $3.71 | $5.42 | +46% |
| 2024 | $5.42 | $7.05 | +30% |
| 2025 | $7.05 | $6.37 | -9.6% |
| 2026 YTD | $6.37 | $7.54 | +18% |
QUAD has finished lower in three of the last six years. It's up 18% so far in 2026.
VRT Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $10.9 | $18.9 | +73% |
| 2021 | $18.9 | $24.9 | +31% |
| 2022 | $24.9 | $12.8 | -48% |
| 2023 | $12.8 | $48.0 | +275% |
| 2024 | $48.0 | $115.1 | +140% |
| 2025 | $115.1 | $167.6 | +46% |
| 2026 YTD | $167.6 | $209.6 | +25% |
VRT has the edge over QUAD on returns for 2026, with the stronger performance.