Company / R&D Expense
Quad/Graphics, Inc. R&D Expense History
FY2016-FY2025 · Annual data · Source: SEC filings
At a glance
Latest annual filing availableLatest R&D Expense
$2.9M
FY2025
5-year range
$2.9M / $3.1M
FY2021-FY2025
Trend
-6.5%
vs FY2024
Sector context
Sector data unavailable
Latest sector comparison
What the data says
R&D Expense has fluctuated over the past 10 years, ranging from $3M in FY2025 to $11M in FY2016.
Based on SEC 10-K filings.
$3M in FY2025 with a 5-year CAGR of -4.2%.
Declined from $3M to $3M over the past 2 years.
R&D Expense over time
Growth rates
- 3-Year CAGR
- -2.2%
- 5-Year CAGR
- -4.2%
- 10-Year CAGR
- -
Key checks
Key Insights
- 5-year CAGR of -4.2%, indicating a declining trend.
- In FY2025, r&d expense decreased 6.5% year-over-year.
- Peak r&d expense was recorded in FY2016.
Company context
Key Data Points
- High earnings quality (cash-backed earnings)
Data sourced from SEC EDGAR filings. Not investment advice.
Annual data
| Year | R&D ExpenseValue | YoY GrowthYoY |
|---|---|---|
| FY2025 | $2.9M | -6.5% |
| FY2024 | $3.1M | +0.0% |
| FY2023 | $3.1M | +0.0% |
| FY2022 | $3.1M | +3.3% |
| FY2021 | $3.0M | -16.7% |
| FY2020 | $3.6M | -60.0% |
| FY2019 | $9.0M | +150.0% |
| FY2018 | $3.6M | -65.0% |
| FY2017 | $10.3M | -8.8% |
| FY2016 | $11.3M | -15.7% |
As of FY2025 · SEC 10-K · Updated Jun 24, 2026