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Side-by-side financial comparison of Blue Hat Interactive Entertainment Technology (BHAT) and Interpublic Group of Companies (The) (IPG). Click either name above to swap in a different company.

Interpublic Group of Companies (The) is the larger business by last-quarter revenue ($2.1B vs $13.1M, roughly 163.3× Blue Hat Interactive Entertainment Technology). Interpublic Group of Companies (The) runs the higher net margin — 5.8% vs -9.9%, a 15.7% gap on every dollar of revenue.

Blue Hat Interactive Entertainment Technology develops and produces interactive entertainment products including AR games, smart interactive toys, and immersive leisure content. It primarily serves mainland China's consumer market, with expanding distribution across Southeast Asia, focusing on family and youth entertainment segments.

The Interpublic Group of Companies, Inc. (IPG) was an American advertising company based in New York City. It consisted of the five major networks FCB, IPG Mediabrands, McCann Worldgroup, MullenLowe Group and Marketing Specialists, as well as several independent specialty agencies in the areas of public relations, sports marketing, talent representation and healthcare. Prior to the Omnicom acquisition, it was one of the "Big Four" agency companies, alongside WPP, Publicis, and Omnicom. The co...

BHAT vs IPG — Head-to-Head

Bigger by revenue
IPG
IPG
163.3× larger
IPG
$2.1B
$13.1M
BHAT
Higher net margin
IPG
IPG
15.7% more per $
IPG
5.8%
-9.9%
BHAT

Income Statement — Q2 2025 vs Q3 2025

Metric
BHAT
BHAT
IPG
IPG
Revenue
$13.1M
$2.1B
Net Profit
$-1.3M
$124.2M
Gross Margin
8.3%
Operating Margin
-9.4%
10.3%
Net Margin
-9.9%
5.8%
Revenue YoY
-4.8%
Net Profit YoY
517.9%
EPS (diluted)
$0.34

Green = leading value per metric. Periods may differ when fiscal calendars don't align.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.

Revenue
BHAT
BHAT
IPG
IPG
Q3 25
$2.1B
Q2 25
$13.1M
$2.2B
Q1 25
$2.0B
Q4 24
$2.4B
Q3 24
$2.2B
Q2 24
$46.3M
$2.3B
Q1 24
$2.2B
Q4 23
$2.6B
Net Profit
BHAT
BHAT
IPG
IPG
Q3 25
$124.2M
Q2 25
$-1.3M
$162.5M
Q1 25
$-85.4M
Q4 24
$344.5M
Q3 24
$20.1M
Q2 24
$-4.4M
$214.5M
Q1 24
$110.4M
Q4 23
$463.2M
Gross Margin
BHAT
BHAT
IPG
IPG
Q3 25
Q2 25
8.3%
Q1 25
-3.2%
Q4 24
10.1%
Q3 24
2.9%
Q2 24
0.2%
1.2%
Q1 24
-1.1%
Q4 23
10.0%
Operating Margin
BHAT
BHAT
IPG
IPG
Q3 25
10.3%
Q2 25
-9.4%
11.2%
Q1 25
-2.1%
Q4 24
23.3%
Q3 24
5.9%
Q2 24
-8.8%
13.7%
Q1 24
8.4%
Q4 23
23.5%
Net Margin
BHAT
BHAT
IPG
IPG
Q3 25
5.8%
Q2 25
-9.9%
7.5%
Q1 25
-4.3%
Q4 24
14.1%
Q3 24
0.9%
Q2 24
-9.4%
9.2%
Q1 24
5.1%
Q4 23
17.9%
EPS (diluted)
BHAT
BHAT
IPG
IPG
Q3 25
$0.34
Q2 25
$0.44
Q1 25
$-0.23
Q4 24
$0.92
Q3 24
$0.05
Q2 24
$0.57
Q1 24
$0.29
Q4 23
$1.21

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
BHAT
BHAT
IPG
IPG
Cash + ST InvestmentsLiquidity on hand
$14.3K
$1.5B
Total DebtLower is stronger
Stockholders' EquityBook value
$32.1M
$3.7B
Total Assets
$75.2M
$17.0B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
BHAT
BHAT
IPG
IPG
Q3 25
$1.5B
Q2 25
$14.3K
$1.6B
Q1 25
$1.9B
Q4 24
$2.2B
Q3 24
$1.5B
Q2 24
$407.6K
$1.5B
Q1 24
$1.9B
Q4 23
$2.4B
Stockholders' Equity
BHAT
BHAT
IPG
IPG
Q3 25
$3.7B
Q2 25
$32.1M
$3.7B
Q1 25
$3.6B
Q4 24
$3.8B
Q3 24
$3.7B
Q2 24
$40.6M
$3.8B
Q1 24
$3.8B
Q4 23
$3.9B
Total Assets
BHAT
BHAT
IPG
IPG
Q3 25
$17.0B
Q2 25
$75.2M
$17.0B
Q1 25
$17.1B
Q4 24
$18.3B
Q3 24
$17.1B
Q2 24
$49.3M
$17.0B
Q1 24
$17.3B
Q4 23
$19.3B

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
BHAT
BHAT
IPG
IPG
Operating Cash FlowLast quarter
$2.6M
$180.1M
Free Cash FlowOCF − Capex
$153.6M
FCF MarginFCF / Revenue
7.2%
Capex IntensityCapex / Revenue
1.2%
Cash ConversionOCF / Net Profit
1.45×
TTM Free Cash FlowTrailing 4 quarters
$806.8M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
BHAT
BHAT
IPG
IPG
Q3 25
$180.1M
Q2 25
$2.6M
$-96.0M
Q1 25
$-37.0M
Q4 24
$868.1M
Q3 24
$223.8M
Q2 24
$120.7M
Q1 24
$-157.4M
Q4 23
$894.8M
Free Cash Flow
BHAT
BHAT
IPG
IPG
Q3 25
$153.6M
Q2 25
$-121.8M
Q1 25
$-58.5M
Q4 24
$833.5M
Q3 24
$186.5M
Q2 24
$85.9M
Q1 24
$-192.5M
Q4 23
$842.6M
FCF Margin
BHAT
BHAT
IPG
IPG
Q3 25
7.2%
Q2 25
-5.6%
Q1 25
-2.9%
Q4 24
34.2%
Q3 24
8.3%
Q2 24
3.7%
Q1 24
-8.8%
Q4 23
32.6%
Capex Intensity
BHAT
BHAT
IPG
IPG
Q3 25
1.2%
Q2 25
1.2%
Q1 25
1.1%
Q4 24
1.4%
Q3 24
1.7%
Q2 24
1.5%
Q1 24
1.6%
Q4 23
2.0%
Cash Conversion
BHAT
BHAT
IPG
IPG
Q3 25
1.45×
Q2 25
-0.59×
Q1 25
Q4 24
2.52×
Q3 24
11.13×
Q2 24
0.56×
Q1 24
-1.43×
Q4 23
1.93×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

BHAT
BHAT

Segment breakdown not available.

IPG
IPG

MDE$619.0M29%
IAC$574.9M27%
Other$527.9M25%
SCE$413.8M19%

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