Quantum Corp. /DE/ (QMCO) intrinsic value & 10-year financials
Quantum Corp. /DE/ (QMCO) has no Graham intrinsic value right now because the formula needs positive earnings. Over the last 10 fiscal years revenue shrank 6.4% a year to $279.6M, with an average return on invested capital of 26.9%.
- Graham intrinsic value
- —
- Share price (Oct 17, 2026)
- $18.48
- Market cap
- $234.2M
- Revenue (FY2026)
- $279.6M
- Revenue growth (10-yr CAGR)
- -6.4%
- ROIC (10-yr avg)
- 26.9%
- Free cash flow (FY2026)
- -$39.6M
QMCO 10-year financial history
| Fiscal year | Revenue | Net income | EPS (diluted) | Free cash flow | Operating margin | ROIC |
|---|---|---|---|---|---|---|
| FY2026 | $279.6M | -$101.0M | -$7.97 | -$39.6M | -8.8% | 35.8% |
| FY2025 | $274.1M | -$115.1M | -$22.35 | -$28.6M | -15.2% | 63.9% |
| FY2024 | $311.6M | -$41.3M | -$0.43 | -$16.0M | -9.3% | 66.8% |
| FY2023 | $412.8M | -$37.9M | -$0.42 | -$17.5M | -6.3% | 87.4% |
| FY2022 | $372.8M | -$32.3M | -$0.55 | -$40.0M | -3.7% | 41.2% |
| FY2021 | $349.6M | -$35.5M | -$0.83 | -$7.7M | 2.4% | -21.3% |
| FY2020 | $402.9M | -$5.2M | -$0.14 | -$3.8M | 5.3% | -41.1% |
| FY2019 | $402.7M | -$42.8M | -$1.20 | -$19.6M | -1.2% | 7.6% |
| FY2018 | $437.7M | -$43.3M | -$1.25 | -$7.6M | -6.5% | 43.4% |
| FY2017 | $505.3M | $3.6M | $0.11 | $7.2M | 2.4% | -14.9% |
Source: annual 10-K filings on SEC EDGAR. Figures in USD.
Executive summary
QUANTUM CORP /DE/ is facing top-line stagnation, with revenue contracting over the decade.
QUANTUM CORP /DE/ has earned high returns on invested capital, averaging 26.9% ROIC over the available history. High ROIC is consistent with a durable franchise, but it is not by itself proof of an economic moat.
Over the decade, QUANTUM CORP /DE/ shows that management has aggressively returned capital to shareholders by retiring 62.8% of outstanding shares, and that the company has leveraged its balance sheet to sustain operations.
Benjamin Graham lens
Under Benjamin Graham's formula using SEC EDGAR fundamentals, QUANTUM CORP /DE/ is modeled at -6.4% normalized earnings growth with a 5.1% bond-yield adjustment. The resulting Graham intrinsic value estimate is $-0.40 per share.