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Quad is a marketing experience (MX) company that simplifies the complexities of marketing, removing friction from wherever it occurs along the marketing journey. Its results-driven approach enables stronger marketing operations that lead to real, repeatable success for clients.
Operating margin is thin at 4.01%. Limited cushion if revenue slows or costs rise, not the profile of a wide-moat business.
Revenue declined 9.4% YoY. The question is whether this is cyclical or a structural shift.
Net debt of $381M represents 7.5x FCF, leverage limits flexibility.
Profitability & Returns
Revenue (TTM)
$2.42B
▼ -9.4% YoY
Net Income (TTM)
$27M
▲ +153.0% YoY
Op. Margin
4.01%
▲ +3.3pp YoY
ROIC
25.49%
▲ +22.4pp YoY
Cash Flow & Balance Sheet
FCF (TTM)
$51M
▼ -9.0% YoY
Op. Cash Flow (TTM)
$96M
▼ -15.1% YoY
Net Debt
$381M
Cash & Equiv.
$63M
5Y CAGR: -3.8%
5Y CAGR: -17.1%
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