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Quad/Graphics vs CPI Card Group: QUAD and PMTS compared
Quad/Graphics is the larger company: $587M of revenue in its latest quarter (Q3 2026) against $158M for CPI Card Group (Q3 2026). CPI Card Group is growing faster (+15% against -0.2% a year earlier). CPI Card Group is more profitable, with an operating margin of 9.9% against 2.4%.
Where the money goes: QUAD and PMTS
Quad/Graphics (QUAD) · Q3 2026
Quad/Graphics, Q3 2026: revenue $587M (-0.2% year over year), operating margin 2.4%, net earnings $5.5M, operating cash flow −$21.5M. The chart follows the revenue to costs, profit and cash.
CPI Card Group (PMTS) · Q3 2026
CPI Card Group, Q3 2026: revenue $158M (+15% year over year), operating margin 9.9%, net earnings $5.0M, operating cash flow $15.1M. The chart follows the revenue to costs, profit and cash.
| Quad/Graphics (QUAD) | CPI Card Group (PMTS) | |
|---|---|---|
| Latest quarter | Q3 2026 | Q3 2026 |
| Revenue | $587M | $158M |
| Revenue growth, Y/Y | -0.2% | +15% |
| Gross margin | — | 31.7% |
| Operating margin | 2.4% | 9.9% |
| Net earnings | $5.5M | $5.0M |
| Net margin | 0.9% | 3.2% |
| Operating cash flow | −$21.5M | $15.1M |
| Free cash flow | — | $10.1M |
| Market value | $384M | — |
| P/E | 14.4× | — |
| Analysts’ mean target | $12.50 | — |
Where the revenue comes from
Quad/Graphics
- Products: $455M (78%)
- Services: $132M (22%)
Questions
Which is bigger, Quad/Graphics or CPI Card Group?
Quad/Graphics is the larger company: $587M of revenue in its latest quarter (Q3 2026) against $158M for CPI Card Group (Q3 2026).
Is Quad/Graphics or CPI Card Group growing faster?
CPI Card Group is growing faster (+15% against -0.2% a year earlier).
Which is more profitable, Quad/Graphics or CPI Card Group?
CPI Card Group is more profitable, with an operating margin of 9.9% against 2.4%.
More: Quad/Graphics earnings · how Quad/Graphics makes money · CPI Card Group earnings · how CPI Card Group makes money
From the companies' latest 10-Q, 10-K or earnings release (10-Q filed Oct 29, 2026; 10-Q filed Nov 4, 2026). Fiscal quarters can end on different dates. Not investment advice.