On this page of Benford's Law Stocks.com we present our study of Quad/Graphics, Inc. — ticker symbol QUAD. SEC filings have been screened by our Benford's Law software, for quarterly 10Q and annual 10K filings from 5/6/2020 to 2/20/2025 for Quad/Graphics, Inc. under CIK number 0001481792. For filings made in XBRL (eXtensible Business Reporting Language) format, our algorithm extracts all "tagged" numbers presented by the company; for any non-XBRL filings our algorithm uses its own interal set of rules to extract what it believes to be numbers as found throughout the filings. The format found for each filing is presented below together with the results for QUAD, with the percentage of found numbers beginning with each digit (1's, 2's, 3's, 4's, 5's, 6's, 7's, 8's, and 9's) charted against the "normal" range observed throughout our coverage universe, as well as the "normal" range for Quad/Graphics, Inc. based on the past QUAD filings our system processed in the past.
27.7
18.9
13.6
9.7
9.4
7.0
6.1
4.6
2.9
 
%1 %2 %3 %4 %5 %6 %7 %8 %9
XBRL?   [ original filing ]
Total numbers found: 1,316
Recent share count: 38,856,924 (3's column)

= Typical range across full coverage universe
Benford's Law Stocks Indicator
1316
Normal count compared to other filers, falling within the middle 50%. At this number count, it would take about 13 numbers to move any given column by a full percentage point.
99

Starting from a possible score of 100, we made the following score deductions:
 • We deducted point upon observing the 9's percentage was below the typical coverage universe range.
Benford's Law Stocks Indicator
QUAD
High score compared to other filers, with QUAD falling in the highest 10% of filers.
OXY
PNC
SCCO
SF
PEG
PRMW
RBA
SEM
Check our work! We provide our Quad/Graphics, Inc. Benford's Law analysis for informational purposes only, and our software should be expected to make mistakes and contain errors (nothing you see on this website should be relied upon for any decision-making without first repeating the analysis yourself independently), and so below we present to you all of the numbers our system detected, for the QUAD filing above. This way, you can open the filing on your own and compare what you see below against what you yourself find. This can also be helpful for exploring any columns in particular that caught your eye.

1's 2's 3's
We found 365 numbers that start with the digit 1. Here they are:
169,029,977
169,029,977
13,261,983
1,736.4
1,984.7
102.5
128.8
101.5
19.2
1.7
12.8
1.07
1.14
18.3
15.0
1.9
15.5
13.1
1
13.1
10.2
13.6
10.7
162.4
178.8
100.3
103.0
1,299.0
1,509.7
151.7
1.3
135.4
148.6
1,249.1
1,390.2
105.0
1.0
1.0
13.3
13.6
131.2
117.6
119.5
1,299.0
1,509.7
102.5
128.8
1.6
10.9
14.8
13.9
18.5
106.7
11.1
112.9
147.6
1.5
1.2
12.7
183.7
1,458.1
1,437.9
1,457.8
1,442.6
12.6
1.7
1
149.1
1
1.4
128.3
172.9
13.1
13.1
1.0
12.6
12.6
1.5
1.7
1.7
1.4
117.6
119.5
15.5
15.5
1.8
1.8
1
1
10.3
10.3
1.3
1.3
1.4
1.4
131.2
10.7
12.2
11.2
18.9
1.1
1.6
15.3
16.6
1.5
1,258.2
1,479.3
103.0
10.3
1
10.4
1,775.0
16.1
18.5
1,398.2
1,652.2
129.9
1,949.7
16.5
19.0
1.8
1
1.0
1.0
12.0
101.5
14.2
16.6
1.6
1.0
12.0
16.0
14.2
17.5
1.5
1.0
12.0
1.0
17.6
11.8
101.5
1.3
10.8
1.5
1.5
100.3
100.3
103.0
103.0
16.6
16.6
103.0
103.0
100.3
100.3
16.6
18.9
19.6
11.8
17.5
1.7
1.0
1.6
1.6
1.4
102.7
162.4
178.8
159.8
157.2
19.8
17.5
16.0
100.9
110.3
148.5
118.1
160.3
1.7
1.6
19.2
1
14.7
19.6
10.3
135.4
148.6
18.13
1.8
151.7
17.7
193.2
1.50
11.3
12.3
1.5
12.8
1.96
10.8
1.40
1.45
1.6
1.68
1.57
100.0
1.68
1.57
1.57
1.1
11.2
18.9
11.8
18.7
13.0
1
11.0
1.3
1.3
1
1
18.8
12.8
14.5
10.4
1.2
1.4
1.1
1.2
1
12.8
14.5
104.3
13.3
15.3
12.6
11.3
164.8
121.4
12.4
16.7
11.1
1.3
16.7
1.8
1.6
1.7
1.6
1.7
1.6
1
130.0
1.0
1.0
1
13.9
16.1
16.4
17.6
18.2
19.9
1.0
1.7
1.7
16.4
17.6
14.0
12.4
14.0
16.4
1.7
1.6
1.0
1.3
1.4
1.7
120.4
10.8
10.8
11.4
11.4
198.5
19.5
10.7
12.2
115.5
123.5
198.5
19.2
1.07
1.14
1,156,351
1.1
1.3
147,980
1,307,359
163,610
17,828
147,953
1,037,087
1.1
1.3
105.0
105.0
13.3
13.3
13.6
13.6
100.0
12.6
128.3
13.1
13.1
10.7
117.6
15.5
1.8
14.2
15.5
1
1.8
13.6
131.2
1,775.0
18.5
1,820.3
11.8
102.5
101.5
112.8
19.2
10.4
1,052.8
1,299.0
1,949.7
19.0
113.7
14.8
128.8
1.6
18.3
13.2
1,191.2
1,509.7
19.2
1.7
1,729.7
134.4
18.5
1.3
1,902.3
160.2
19.0
1
1.6
1.6
18.1
1.7
19.6
1.0
1.6
14.2
1.3
1.0
152.9
16.0
We found 249 numbers that start with the digit 2. Here they are:
2,099.2
2,334.1
2,672.2
2,957.7
2,092.2
2,381.2
2,653.0
2,932.0
25.7
2.8
2.5
2.3
29.2
21.5
25.7
273.2
21.8
289.2
237.6
28.0
2.5
24.0
25.4
20.0
28.0
25.2
2.0
22.5
2.0
2.4
2
22.2
2.7
2.6
2.1
2
2
23.7
27.7
25.2
29.2
23.5
2.0
2.0
2.9
20
2.1
2.1
28.0
20
24.0
25.7
28.7
2
2.7
221.1
2,099.2
248.0
264.1
2.4
2,329.5
2,672.2
254.0
2,334.1
254.0
270.5
2.5
2,554.3
2,957.7
25.2
20.5
25.2
2.9
25.2
20.4
25.2
2.7
22.5
2.5
2.7
2.7
2.7
2.5
22.7
23.5
2.7
21.8
27.9
2
2.8
25.7
26.4
2.8
2
21.5
25.7
27.8
2,279.1
2,728.0
2,563.7
2.3
21.5
2.5
21.5
24.0
23.8
29.9
21.4
29.2
27.7
24.2
28.1
289.2
237.6
23.6
2.5
28.0
25.0
2.00
2.50
25.7
298.9
2.0
2.75
2.50
2.75
2.50
28.1
228.2
2.3
2.1
2.2
23.8
27.8
26.5
29.6
26.3
28.4
2.7
2.6
29.6
20.9
2.0
28.3
22.4
2.4
2.1
24.0
23.2
2.9
2.7
2.3
2
2.7
2.3
2.0
23.6
25.2
20.1
23.0
208.0
23.6
25.5
26.9
2
2
2
2
2.9
2.9
2.9
2.7
2.2
2.09
2.25
2
2
2
2
2.0
26.2
2.1
278.5
24.8
2.99
2.1
2.0
29.9
28.7
27.8
25
22
21
216.0
278.5
24.0
216.0
21.5
2.3
20
2.5
27,087
225,000
20.0
20.0
2,852,501
294,875
2
2.2
2.2
2.0
2.1
2.0
2.7
2.2
2.2
2,099.2
2,329.5
2,672.2
271.9
2,092.2
263.1
2
214.9
2,334.1
2,554.3
2,957.7
2,067.6
2,381.2
250.1
25.7
271.1
25.7
227.1
2,099.2
28.4
263.6
2,334.1
2.5
2.1
20.9
21.8
22.1
22.1
22.2
22.1
27.6
27.7
26.4
We found 179 numbers that start with the digit 3. Here they are:
333
333
333
39,085,712
355.8
396.5
356.8
344.5
316.2
39.8
356.7
373.6
349.1
362.5
3.2
33.1
3.7
32.2
31.7
3.9
3
33.1
3
3
3
3.2
3.1
31.0
324.2
306.5
308.9
342.7
384.4
350.6
353.1
30.5
35.1
3.7
3.7
3.7
3.1
3.6
35.1
3.2
32.7
31.9
30.5
3.7
37.3
3.6
30.9
30.0
30.0
30.0
30.0
3.8
3.9
3.7
3.6
3.6
3.5
30.1
34.6
3,063.4
3,624.3
3,003.7
30.2
38.2
32.4
34.1
37.8
39.4
35.6
36.5
32.5
33.3
38.1
386.2
360.8
3.7
377.1
349.1
362.5
3.7
342.5
342.5
324.6
306.9
3.00
3.50
3.00
3.7
3.50
3.00
3.00
3.00
3.50
3.00
3.50
384.8
3.7
3.1
3.6
3
3
3
3
3.0
35.9
3
3
3
3.1
3
3.1
3.9
3.8
3.2
3.8
32.2
30.0
32.9
3
3.3
3.4
3.4
3.4
3.4
342.7
349.3
32.5
36.6
312.6
342.7
303.3
313.0
32.5
36.6
303.3
34.1
39.4
30.1
32.5
32.5
32.4
37.8
34.1
39.4
37.9
30.8
37.1
312.6
303.3
3.1
3.9
3
3,990,018
3.89
3.79
35,976
38.8
3.7
37.4
35.6
38.2
324.2
342.7
356.8
3.2
31.3
384.4
313.6
344.5
3
3.9
31.3
3.9
3.7
3.0
4's 5's 6's
We found 128 numbers that start with the digit 4. Here they are:
44.5
42.6
47.6
48.4
44.7
499.7
42.5
4
4
4.2
49.9
4.1
49.1
4.5
46.4
4.4
4.4
4.4
4.7
4.7
4.2
49.9
4.4
403.4
4.2
4
41.6
4.1
4.2
4.2
4
4.0
4
40.4
40.4
49.8
47.6
4.6
4.2
47.1
46.0
499.7
42.2
44.7
44.8
4.8
424.6
4
4.9
4
4
4.9
4.4
4.18
45.3
40.9
40.0
4
4
4
4
4.8
44.5
42.6
4.0
4
4.7
4
4.7
4.8
4.7
4.8
471.5
4.4
4.4
4
4.67
4
4
44
47.6
41.8
42.7
4.3
47.6
48.4
47.6
48.4
4.3
4.5
4.01
4.00
44,888
4.23
4.06
4,264,407
4.45
4.46
4.3
42.5
42.5
4.40
4.1
4.4
4.4
40.0
42.8
42.8
45.7
47.9
46.8
403.4
47.1
47.3
49.2
47.4
44.5
42.6
445.4
46.8
499.7
42.5
46.2
4.1
4.8
41.6
41.6
41.6
We found 124 numbers that start with the digit 5. Here they are:
573.0
50.9
55.4
50.9
55.4
5.4
5
5
52.9
534.3
587.7
5.1
5
5
5.6
573.9
50.9
55.4
5.6
57.2
51.9
53.1
52.9
52.9
56.6
518.5
55.4
55.4
5.6
5.6
56.6
5.6
573.9
50.9
50.9
5
5.9
5.9
56.3
5
5
5.6
52.9
55.9
506.5
554.5
573.0
543.5
5
57.6
5.2
53.9
50.1
5.2
545.1
545.1
553.7
541.9
57.1
547.6
53.9
57.5
511.1
514.2
50
5
5
5.0
5.8
5.4
5
5.9
5.3
5.8
58.2
5.8
5.1
50.0
5
5.00
5.00
5.6
5.3
5.11
5.55
5.6
53.0
50.7
5.11
5.46
5.55
5.11
5
5
5
50.9
55.4
5.6
5.42
5.42
5.01
5.96
5.95
5.1
5
5
5
5
5
5
5
554.5
573.0
50.9
57.2
56.6
57.6
554.5
573.0
5.7
505.6
59.4
5
57.6
We found 92 numbers that start with the digit 6. Here they are:
623.6
64.5
6.4
64.5
69.5
620.6
698.7
6.0
61.4
635.1
65.0
6
6
6
635.1
6.4
6.7
609.5
673.4
604.6
623.6
6
6
6
62.1
6.7
65.4
60.2
622.5
615.3
646.2
624.4
65.8
638.7
620.6
6.7
60.6
6
6
66.2
6.36
6.36
6.9
60.0
6.1
6
6.3
61.4
65.8
6.4
6
6.4
67.3
6.0
6.5
66.9
63.0
63.2
6.1
6.7
6
6
6.30
6.0
6
6.30
6.75
68.5
68.5
6.2
6,000,000
6.2
6.2
6.30
6.69
6
6
6
6
6
61.9
604.6
623.6
66.3
64.5
6
604.6
623.6
620.6
6.4
66.1
6.2
7's 8's 9's
We found 80 numbers that start with the digit 7. Here they are:
77.5
70.0
78.9
7.2
78.6
790.8
77.2
74.9
7.3
7.2
70.8
7
73.6
7.3
7.3
7.3
74.9
77.5
74.9
77.5
74.9
74.9
778.3
778.3
7.2
7
7.2
7.8
7
7
7
7
7.78
7.79
7.7
75
75
7.7
7.7
7.7
7.0
7.7
73.5
79.3
7.3
7.1
70.0
7.8
7
7
75
75.0
75.0
7
75
78
79
7
7
75.4
75.4
7
79.3
7.9
7.3
7.3
77.5
75.5
77.5
70.8
70.0
7.5
71.9
78.9
7.2
7.2
7.1
78.6
7.2
7.7
We found 61 numbers that start with the digit 8. Here they are:
8
80.0
8
80.0
842.8
842.7
841.8
842.7
842.8
8
8.3
8.0
8.5
8.1
878.6
881.3
808.3
808.3
86.4
86.4
87.5
85.0
8.5
8.72
8.17
87.7
8.7
8.31
8.3
8.7
85.4
8
8
8
8.6
8
8.9
8.7
8.6
86.6
8.9
8
8.0
80.0
87.3
86.8
869,360
865,267
89,156
80.0
80.0
88.6
8.5
8
8.0
8.0
85.6
8
80.0
8
8
We found 38 numbers that start with the digit 9. Here they are:
96.6
90.3
9.4
9.0
9
9
9
9.2
9.6
908.6
911.3
9
9
9
9.1
9.10
9
9
9.8
9
96.4
9.3
9
9
9
9
9.9
97.9
97.9
9
9
9.7
91.0
90.5
9.6
9.4
96.6
9.0
While the above QUAD 10K Filed 2/20/2025 is interesting in isolation, we have found that it is also useful to take a look at older Quad/Graphics, Inc. filings processed by our Benford's Law Stocks algorithm, to see how the company's filings "typically look" on a Benford's Law analysis. Below we repeat the 10K Filed 2/20/2025 but instead of the chart comparing against the typical company across our coverage universe, below we show the same chart compared against the typical QUAD 10Q and 10K filings that we have processed historically. This is followed by similar charts for each of those historical filings.

27.7
18.9
13.6
9.7
9.4
7.0
6.1
4.6
2.9
 
%1 %2 %3 %4 %5 %6 %7 %8 %9
Benford's Law Stocks Score: 99
XBRL?   [ original filing ]
Total numbers found: 1,316

= Typical QUAD range from 5/6/2020 to 2/20/2025
30.5
16.4
10.7
9.5
10.7
8.5
5.3
5.6
2.9
 
%1 %2 %3 %4 %5 %6 %7 %8 %9
Benford's Law Stocks Score: 84
XBRL?   [ original filing ]
Total numbers found: 590

= Typical QUAD range from 5/6/2020 to 2/20/2025
33.0
12.8
12.4
8.8
10.2
7.7
4.4
7.0
3.8
 
%1 %2 %3 %4 %5 %6 %7 %8 %9
Benford's Law Stocks Score: 81
XBRL?   [ original filing ]
Total numbers found: 834

= Typical QUAD range from 5/6/2020 to 2/20/2025
33.0
15.6
9.6
7.8
12.1
6.3
5.7
5.8
4.1
 
%1 %2 %3 %4 %5 %6 %7 %8 %9
Benford's Law Stocks Score: 77
XBRL?   [ original filing ]
Total numbers found: 895

= Typical QUAD range from 5/6/2020 to 2/20/2025
29.9
17.7
13.4
7.7
10.0
5.2
6.9
4.6
4.7
 
%1 %2 %3 %4 %5 %6 %7 %8 %9
Benford's Law Stocks Score: 70
XBRL?   [ original filing ]
Total numbers found: 1,382

= Typical QUAD range from 5/6/2020 to 2/20/2025
29.4
13.4
12.8
9.8
9.9
7.6
5.3
8.0
3.9
 
%1 %2 %3 %4 %5 %6 %7 %8 %9
Benford's Law Stocks Score: 74
XBRL?   [ original filing ]
Total numbers found: 799

= Typical QUAD range from 5/6/2020 to 2/20/2025
30.7
18.5
13.8
9.2
8.5
5.6
5.0
5.0
3.7
 
%1 %2 %3 %4 %5 %6 %7 %8 %9
Benford's Law Stocks Score: 100
XBRL?   [ original filing ]
Total numbers found: 1,184

= Typical QUAD range from 5/6/2020 to 2/20/2025
30.7
15.2
11.0
13.1
10.9
6.3
3.4
5.9
3.5
 
%1 %2 %3 %4 %5 %6 %7 %8 %9
Benford's Law Stocks Score: 72
XBRL?   [ original filing ]
Total numbers found: 969

= Typical QUAD range from 5/6/2020 to 2/20/2025
25.6
20.7
14.1
8.9
9.4
7.7
5.3
4.8
3.4
 
%1 %2 %3 %4 %5 %6 %7 %8 %9
Benford's Law Stocks Score: 96
XBRL?   [ original filing ]
Total numbers found: 1,252

= Typical QUAD range from 5/6/2020 to 2/20/2025
31.8
14.6
9.4
9.6
10.5
7.0
6.3
7.6
3.2
 
%1 %2 %3 %4 %5 %6 %7 %8 %9
Benford's Law Stocks Score: 66
XBRL?   [ original filing ]
Total numbers found: 554

= Typical QUAD range from 5/6/2020 to 2/20/2025
34.4
11.9
11.5
10.2
10.5
7.6
4.9
5.8
3.1
 
%1 %2 %3 %4 %5 %6 %7 %8 %9
Benford's Law Stocks Score: 86
XBRL?   [ original filing ]
Total numbers found: 840

= Typical QUAD range from 5/6/2020 to 2/20/2025
31.5
16.3
10.7
8.5
11.8
5.5
5.0
6.4
4.2
 
%1 %2 %3 %4 %5 %6 %7 %8 %9
Benford's Law Stocks Score: 77
XBRL?   [ original filing ]
Total numbers found: 1,233

= Typical QUAD range from 5/6/2020 to 2/20/2025
31.2
15.9
13.7
7.6
9.4
6.1
6.3
5.9
3.9
 
%1 %2 %3 %4 %5 %6 %7 %8 %9
Benford's Law Stocks Score: 89
XBRL?   [ original filing ]
Total numbers found: 1,405

= Typical QUAD range from 5/6/2020 to 2/20/2025
32.3
16.7
12.8
9.5
7.9
6.1
5.2
6.0
3.5
 
%1 %2 %3 %4 %5 %6 %7 %8 %9
Benford's Law Stocks Score: 98
XBRL?   [ original filing ]
Total numbers found: 846

= Typical QUAD range from 5/6/2020 to 2/20/2025
30.9
15.8
10.0
12.2
9.6
5.9
4.6
7.5
3.5
 
%1 %2 %3 %4 %5 %6 %7 %8 %9
Benford's Law Stocks Score: 71
XBRL?   [ original filing ]
Total numbers found: 863

= Typical QUAD range from 5/6/2020 to 2/20/2025
33.0
14.6
10.0
11.4
10.0
7.0
4.1
5.9
3.9
 
%1 %2 %3 %4 %5 %6 %7 %8 %9
Benford's Law Stocks Score: 84
XBRL?   [ original filing ]
Total numbers found: 897

= Typical QUAD range from 5/6/2020 to 2/20/2025
25.8
19.8
13.6
8.5
10.3
6.5
5.8
4.7
4.9
 
%1 %2 %3 %4 %5 %6 %7 %8 %9
Benford's Law Stocks Score: 83
XBRL?   [ original filing ]
Total numbers found: 1,283

= Typical QUAD range from 5/6/2020 to 2/20/2025
32.3
13.6
11.4
8.1
12.9
6.2
5.8
7.1
2.7
 
%1 %2 %3 %4 %5 %6 %7 %8 %9
Benford's Law Stocks Score: 65
XBRL?   [ original filing ]
Total numbers found: 708

= Typical QUAD range from 5/6/2020 to 2/20/2025
30.3
15.5
14.1
9.5
9.0
6.1
5.0
7.4
3.2
 
%1 %2 %3 %4 %5 %6 %7 %8 %9
Benford's Law Stocks Score: 89
XBRL?   [ original filing ]
Total numbers found: 1,168

= Typical QUAD range from 5/6/2020 to 2/20/2025
31.5
16.9
11.7
9.2
9.4
6.2
4.6
4.8
5.7
 
%1 %2 %3 %4 %5 %6 %7 %8 %9
Benford's Law Stocks Score: 70
XBRL?   [ original filing ]
Total numbers found: 1,276

= Typical QUAD range from 5/6/2020 to 2/20/2025
 

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