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ACCO BRANDS Corp（ACCO）与埃培智集团（IPG）财务数据对比。点击上方公司名可切换其他公司
埃培智集团的季度营收约是ACCO BRANDS Corp的5.0倍（$2.1B vs $428.8M）。埃培智集团净利率更高（5.8% vs 5.0%，领先0.8%）。ACCO BRANDS Corp同比增速更快（-4.3% vs -4.8%）。过去两年ACCO BRANDS Corp的营收复合增速更高（9.3% vs -9.1%）
ACCO Brands是一家美国跨国企业，由财富品牌旗下的ACCO World与通用装订公司GBC合并组建而成，截至2025年，公司董事长兼首席执行官为Thomas W. Tedford，主营办公文具与办公用品相关业务。
埃培智集团（IPG）是总部位于美国纽约的广告营销传播集团，旗下拥有FCB、IPG盟博、麦肯世界集团、睿狮集团等五大核心业务网络，以及公关、体育营销、艺人经纪、医疗营销等领域的多家专业独立代理商，被宏盟收购前是与WPP、阳狮、宏盟齐名的全球广告行业“四大集团”之一。
ACCO vs IPG — 直观对比
营收规模更大
IPG
是对方的5.0倍
$428.8M
营收增速更快
ACCO
高出0.5%
-4.8%
净利率更高
IPG
高出0.8%
5.0%
两年增速更快
ACCO
近两年复合增速
-9.1%
损益表 — Q4 2025 vs Q3 2025
| 指标 | | |
|---|---|---|
| 营收 | $428.8M | $2.1B |
| 净利润 | $21.3M | $124.2M |
| 毛利率 | 33.6% | — |
| 营业利润率 | 9.3% | 10.3% |
| 净利率 | 5.0% | 5.8% |
| 营收同比 | -4.3% | -4.8% |
| 净利润同比 | 3.4% | 517.9% |
| 每股收益（稀释后） | $0.23 | $0.34 |
绿色 = 该指标领先。财年不对齐时期间可能不同
8季度营收与利润趋势
并排季度历史对比，按日历期对齐，财年错位的公司也能正确匹配
营收ACCOIPG
| Q4 25 | $428.8M | — | ||
| Q3 25 | $383.7M | $2.1B | ||
| Q2 25 | $394.8M | $2.2B | ||
| Q1 25 | $317.4M | $2.0B | ||
| Q4 24 | $448.1M | $2.4B | ||
| Q3 24 | $420.9M | $2.2B | ||
| Q2 24 | $438.3M | $2.3B | ||
| Q1 24 | $358.9M | $2.2B |
净利润ACCOIPG
| Q4 25 | $21.3M | — | ||
| Q3 25 | $4.0M | $124.2M | ||
| Q2 25 | $29.2M | $162.5M | ||
| Q1 25 | $-13.2M | $-85.4M | ||
| Q4 24 | $20.6M | $344.5M | ||
| Q3 24 | $9.3M | $20.1M | ||
| Q2 24 | $-125.2M | $214.5M | ||
| Q1 24 | $-6.3M | $110.4M |
毛利率ACCOIPG
| Q4 25 | 33.6% | — | ||
| Q3 25 | 33.0% | — | ||
| Q2 25 | 32.9% | — | ||
| Q1 25 | 31.4% | -3.2% | ||
| Q4 24 | 34.7% | 10.1% | ||
| Q3 24 | 32.5% | 2.9% | ||
| Q2 24 | 34.8% | 1.2% | ||
| Q1 24 | 30.8% | -1.1% |
营业利润率ACCOIPG
| Q4 25 | 9.3% | — | ||
| Q3 25 | 6.8% | 10.3% | ||
| Q2 25 | 8.4% | 11.2% | ||
| Q1 25 | -2.1% | -2.1% | ||
| Q4 24 | 9.4% | 23.3% | ||
| Q3 24 | 6.2% | 5.9% | ||
| Q2 24 | -25.4% | 13.7% | ||
| Q1 24 | 1.6% | 8.4% |
净利率ACCOIPG
| Q4 25 | 5.0% | — | ||
| Q3 25 | 1.0% | 5.8% | ||
| Q2 25 | 7.4% | 7.5% | ||
| Q1 25 | -4.2% | -4.3% | ||
| Q4 24 | 4.6% | 14.1% | ||
| Q3 24 | 2.2% | 0.9% | ||
| Q2 24 | -28.6% | 9.2% | ||
| Q1 24 | -1.8% | 5.1% |
每股收益（稀释后）ACCOIPG
| Q4 25 | $0.23 | — | ||
| Q3 25 | $0.04 | $0.34 | ||
| Q2 25 | $0.31 | $0.44 | ||
| Q1 25 | $-0.14 | $-0.23 | ||
| Q4 24 | $0.21 | $0.92 | ||
| Q3 24 | $0.09 | $0.05 | ||
| Q2 24 | $-1.29 | $0.57 | ||
| Q1 24 | $-0.07 | $0.29 |
资产负债表与财务实力
最新季度各公司的流动性、杠杆与账面价值一览
| 指标 | | |
|---|---|---|
| 现金及短期投资手头流动性 | — | $1.5B |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $664.6M | $3.7B |
| 总资产 | $2.3B | $17.0B |
| 负债/权益比越低杠杆越低 | — | — |
8季度趋势，按日历期对齐
现金及短期投资ACCOIPG
| Q4 25 | — | — | ||
| Q3 25 | — | $1.5B | ||
| Q2 25 | — | $1.6B | ||
| Q1 25 | — | $1.9B | ||
| Q4 24 | — | $2.2B | ||
| Q3 24 | — | $1.5B | ||
| Q2 24 | — | $1.5B | ||
| Q1 24 | — | $1.9B |
股东权益ACCOIPG
| Q4 25 | $664.6M | — | ||
| Q3 25 | $644.0M | $3.7B | ||
| Q2 25 | $637.3M | $3.7B | ||
| Q1 25 | $606.1M | $3.6B | ||
| Q4 24 | $606.1M | $3.8B | ||
| Q3 24 | $615.5M | $3.7B | ||
| Q2 24 | $617.1M | $3.8B | ||
| Q1 24 | $758.5M | $3.8B |
总资产ACCOIPG
| Q4 25 | $2.3B | — | ||
| Q3 25 | $2.3B | $17.0B | ||
| Q2 25 | $2.4B | $17.0B | ||
| Q1 25 | $2.3B | $17.1B | ||
| Q4 24 | $2.2B | $18.3B | ||
| Q3 24 | $2.4B | $17.1B | ||
| Q2 24 | $2.4B | $17.0B | ||
| Q1 24 | $2.5B | $17.3B |
现金流与资本效率
扣除再投资后实际产生的现金。现金流比净利润更难造假
| 指标 | | |
|---|---|---|
| 经营现金流最新季度 | $30.6M | $180.1M |
| 自由现金流经营现金流 - 资本支出 | — | $153.6M |
| 自由现金流率自由现金流/营收 | — | 7.2% |
| 资本支出强度资本支出/营收 | — | 1.2% |
| 现金转化率经营现金流/净利润 | 1.44× | 1.45× |
| 过去12个月自由现金流最近4个季度 | — | $806.8M |
8季度趋势，按日历期对齐
经营现金流ACCOIPG
| Q4 25 | $30.6M | — | ||
| Q3 25 | $71.5M | $180.1M | ||
| Q2 25 | $-38.9M | $-96.0M | ||
| Q1 25 | $5.5M | $-37.0M | ||
| Q4 24 | $52.7M | $868.1M | ||
| Q3 24 | $92.9M | $223.8M | ||
| Q2 24 | $-25.6M | $120.7M | ||
| Q1 24 | $28.2M | $-157.4M |
自由现金流ACCOIPG
| Q4 25 | — | — | ||
| 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 |
自由现金流率ACCOIPG
| Q4 25 | — | — | ||
| 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% |
资本支出强度ACCOIPG
| Q4 25 | — | — | ||
| 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% |
现金转化率ACCOIPG
| Q4 25 | 1.44× | — | ||
| Q3 25 | 17.88× | 1.45× | ||
| Q2 25 | -1.33× | -0.59× | ||
| Q1 25 | — | — | ||
| Q4 24 | 2.56× | 2.52× | ||
| Q3 24 | 9.99× | 11.13× | ||
| Q2 24 | — | 0.56× | ||
| Q1 24 | — | -1.43× |
财务流量对比
营收 → 毛利润 → 营业利润 → 净利润流向图
业务分部营收拆解
ACCO
| Transferred At Point In Time | $421.6M | 98% |
| Transferred Over Time | $7.2M | 2% |
IPG
| MDE | $619.0M | 29% |
| IAC | $574.9M | 27% |
| Other | $527.9M | 25% |
| SCE | $413.8M | 19% |
