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Side-by-side financial comparison of Interpublic Group of Companies (The) (IPG) and KeyCorp (KEY). 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 $2.0B, roughly 1.1× KeyCorp). KeyCorp runs the higher net margin — 25.4% vs 5.8%, a 19.6% gap on every dollar of revenue. On growth, KeyCorp posted the faster year-over-year revenue change (131.8% vs -4.8%). KeyCorp produced more free cash flow last quarter ($2.1B vs $153.6M). Over the past eight quarters, KeyCorp's revenue compounded faster (14.4% CAGR vs -9.1%).

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...

Key is a Japanese visual novel studio known for making dramatic and plot-oriented titles. It was formed on July 21, 1998, as a brand under the publisher Visual Arts, and is located in Kita, Osaka.

IPG vs KEY — Head-to-Head

Bigger by revenue
IPG
IPG
1.1× larger
IPG
$2.1B
$2.0B
KEY
Growing faster (revenue YoY)
KEY
KEY
+136.6% gap
KEY
131.8%
-4.8%
IPG
Higher net margin
KEY
KEY
19.6% more per $
KEY
25.4%
5.8%
IPG
More free cash flow
KEY
KEY
$1.9B more FCF
KEY
$2.1B
$153.6M
IPG
Faster 2-yr revenue CAGR
KEY
KEY
Annualised
KEY
14.4%
-9.1%
IPG

Income Statement — Q3 FY2025 vs Q4 FY2025

Metric
IPG
IPG
KEY
KEY
Revenue
$2.1B
$2.0B
Net Profit
$124.2M
$510.0M
Gross Margin
Operating Margin
10.3%
32.3%
Net Margin
5.8%
25.4%
Revenue YoY
-4.8%
131.8%
Net Profit YoY
517.9%
309.0%
EPS (diluted)
$0.34
$0.43

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
IPG
IPG
KEY
KEY
Q4 25
$2.0B
Q3 25
$2.1B
$1.9B
Q2 25
$2.2B
$1.8B
Q1 25
$2.0B
$1.8B
Q4 24
$2.4B
$865.0M
Q3 24
$2.2B
$695.0M
Q2 24
$2.3B
$1.5B
Q1 24
$2.2B
$1.5B
Net Profit
IPG
IPG
KEY
KEY
Q4 25
$510.0M
Q3 25
$124.2M
$489.0M
Q2 25
$162.5M
$425.0M
Q1 25
$-85.4M
$405.0M
Q4 24
$344.5M
$-244.0M
Q3 24
$20.1M
$-410.0M
Q2 24
$214.5M
$274.0M
Q1 24
$110.4M
$219.0M
Gross Margin
IPG
IPG
KEY
KEY
Q4 25
Q3 25
Q2 25
Q1 25
-3.2%
Q4 24
10.1%
Q3 24
2.9%
Q2 24
1.2%
Q1 24
-1.1%
Operating Margin
IPG
IPG
KEY
KEY
Q4 25
32.3%
Q3 25
10.3%
31.8%
Q2 25
11.2%
29.3%
Q1 25
-2.1%
29.0%
Q4 24
23.3%
-92.6%
Q3 24
5.9%
-72.8%
Q2 24
13.7%
22.0%
Q1 24
8.4%
18.1%
Net Margin
IPG
IPG
KEY
KEY
Q4 25
25.4%
Q3 25
5.8%
25.8%
Q2 25
7.5%
23.1%
Q1 25
-4.3%
22.8%
Q4 24
14.1%
-54.7%
Q3 24
0.9%
-59.0%
Q2 24
9.2%
18.0%
Q1 24
5.1%
14.3%
EPS (diluted)
IPG
IPG
KEY
KEY
Q4 25
$0.43
Q3 25
$0.34
$0.41
Q2 25
$0.44
$0.35
Q1 25
$-0.23
$0.33
Q4 24
$0.92
$-0.30
Q3 24
$0.05
$-0.47
Q2 24
$0.57
$0.25
Q1 24
$0.29
$0.20

Balance Sheet & Financial Strength

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

Metric
IPG
IPG
KEY
KEY
Cash + ST InvestmentsLiquidity on hand
$1.5B
$10.2B
Total DebtLower is stronger
$9.9B
Stockholders' EquityBook value
$3.7B
$20.4B
Total Assets
$17.0B
$184.4B
Debt / EquityLower = less leverage
0.49×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
IPG
IPG
KEY
KEY
Q4 25
$10.2B
Q3 25
$1.5B
$13.3B
Q2 25
$1.6B
$11.6B
Q1 25
$1.9B
$15.3B
Q4 24
$2.2B
$17.5B
Q3 24
$1.5B
$22.8B
Q2 24
$1.5B
$15.5B
Q1 24
$1.9B
$13.2B
Total Debt
IPG
IPG
KEY
KEY
Q4 25
$9.9B
Q3 25
$10.9B
Q2 25
$12.1B
Q1 25
$12.4B
Q4 24
$12.1B
Q3 24
$15.7B
Q2 24
$16.9B
Q1 24
$20.8B
Stockholders' Equity
IPG
IPG
KEY
KEY
Q4 25
$20.4B
Q3 25
$3.7B
$20.1B
Q2 25
$3.7B
$19.5B
Q1 25
$3.6B
$19.0B
Q4 24
$3.8B
$18.2B
Q3 24
$3.7B
$16.9B
Q2 24
$3.8B
$14.8B
Q1 24
$3.8B
$14.5B
Total Assets
IPG
IPG
KEY
KEY
Q4 25
$184.4B
Q3 25
$17.0B
$187.4B
Q2 25
$17.0B
$185.5B
Q1 25
$17.1B
$188.7B
Q4 24
$18.3B
$187.2B
Q3 24
$17.1B
$189.8B
Q2 24
$17.0B
$187.4B
Q1 24
$17.3B
$187.5B
Debt / Equity
IPG
IPG
KEY
KEY
Q4 25
0.49×
Q3 25
0.54×
Q2 25
0.62×
Q1 25
0.65×
Q4 24
0.67×
Q3 24
0.93×
Q2 24
1.14×
Q1 24
1.43×

Cash Flow & Capital Efficiency

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

Metric
IPG
IPG
KEY
KEY
Operating Cash FlowLast quarter
$180.1M
$2.2B
Free Cash FlowOCF − Capex
$153.6M
$2.1B
FCF MarginFCF / Revenue
7.2%
104.8%
Capex IntensityCapex / Revenue
1.2%
5.3%
Cash ConversionOCF / Net Profit
1.45×
4.33×
TTM Free Cash FlowTrailing 4 quarters
$806.8M
$3.5B

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
IPG
IPG
KEY
KEY
Q4 25
$2.2B
Q3 25
$180.1M
$396.0M
Q2 25
$-96.0M
$1.2B
Q1 25
$-37.0M
$-140.0M
Q4 24
$868.1M
$664.0M
Q3 24
$223.8M
$-1.2B
Q2 24
$120.7M
$-217.0M
Q1 24
$-157.4M
$359.0M
Free Cash Flow
IPG
IPG
KEY
KEY
Q4 25
$2.1B
Q3 25
$153.6M
$367.0M
Q2 25
$-121.8M
$1.2B
Q1 25
$-58.5M
$-150.0M
Q4 24
$833.5M
$599.0M
Q3 24
$186.5M
$-1.2B
Q2 24
$85.9M
$-230.0M
Q1 24
$-192.5M
$347.0M
FCF Margin
IPG
IPG
KEY
KEY
Q4 25
104.8%
Q3 25
7.2%
19.4%
Q2 25
-5.6%
65.8%
Q1 25
-2.9%
-8.5%
Q4 24
34.2%
69.2%
Q3 24
8.3%
-175.8%
Q2 24
3.7%
-15.1%
Q1 24
-8.8%
22.6%
Capex Intensity
IPG
IPG
KEY
KEY
Q4 25
5.3%
Q3 25
1.2%
1.5%
Q2 25
1.2%
1.3%
Q1 25
1.1%
0.6%
Q4 24
1.4%
7.5%
Q3 24
1.7%
2.4%
Q2 24
1.5%
0.9%
Q1 24
1.6%
0.8%
Cash Conversion
IPG
IPG
KEY
KEY
Q4 25
4.33×
Q3 25
1.45×
0.81×
Q2 25
-0.59×
2.90×
Q1 25
-0.35×
Q4 24
2.52×
Q3 24
11.13×
Q2 24
0.56×
-0.79×
Q1 24
-1.43×
1.64×

Financial Flow Comparison

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

Revenue Breakdown by Segment

IPG
IPG

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

KEY
KEY

Segment breakdown not available.

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