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ARRAY DIGITAL INFRASTRUCTURE, INC.（AD）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
埃培智集团净利率更高（5.8% vs -2.3%，领先8.1%）。埃培智集团同比增速更快（-4.8% vs -279.1%）。埃培智集团自由现金流更多（$153.6M vs $-210.7M）。过去两年埃培智集团的营收复合增速更高（NaN% vs NaN%）
Array Digital Infrastructure, Inc.是一家数字基础设施提供商，拥有、运营和开发战略布局的数据中心设施，主要服务云服务商、企业客户及电信企业，核心业务覆盖北美市场。
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。
AD vs IPG — 直观对比
营收规模更大
IPG
是对方的-1.3倍
$-1.7B
营收增速更快
IPG
高出274.4%
-279.1%
净利率更高
IPG
高出8.1%
-2.3%
自由现金流更多
IPG
多$364.3M
$-210.7M
两年增速更快
IPG
近两年复合增速
NaN%
损益表 — Q4 2025 vs Q3 2025
| 指标 | | |
|---|---|---|
| 营收 | $-1.7B | $2.1B |
| 净利润 | $38.2M | $124.2M |
| 毛利率 | — | — |
| 营业利润率 | — | 10.3% |
| 净利率 | -2.3% | 5.8% |
| 营收同比 | -279.1% | -4.8% |
| 净利润同比 | 664.4% | 517.9% |
| 每股收益（稀释后） | $0.43 | $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ADIPG
| Q4 25 | $-1.7B | — | ||
| Q3 25 | $47.1M | $2.1B | ||
| Q2 25 | — | $2.2B | ||
| Q1 25 | — | $2.0B | ||
| Q4 24 | $944.0M | $2.4B | ||
| Q3 24 | $896.0M | $2.2B | ||
| Q2 24 | $902.0M | $2.3B | ||
| Q1 24 | $925.0M | $2.2B |
净利润ADIPG
| Q4 25 | $38.2M | — | ||
| Q3 25 | $-38.5M | $124.2M | ||
| Q2 25 | — | $162.5M | ||
| Q1 25 | — | $-85.4M | ||
| Q4 24 | $5.0M | $344.5M | ||
| Q3 24 | $-79.0M | $20.1M | ||
| Q2 24 | $17.0M | $214.5M | ||
| Q1 24 | $18.0M | $110.4M |
毛利率ADIPG
| Q4 25 | — | — | ||
| Q3 25 | 55.5% | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | -3.2% | ||
| Q4 24 | — | 10.1% | ||
| Q3 24 | 98.0% | 2.9% | ||
| Q2 24 | — | 1.2% | ||
| Q1 24 | — | -1.1% |
营业利润率ADIPG
| Q4 25 | — | — | ||
| Q3 25 | -113.1% | 10.3% | ||
| Q2 25 | — | 11.2% | ||
| Q1 25 | — | -2.1% | ||
| Q4 24 | -1.0% | 23.3% | ||
| Q3 24 | -10.0% | 5.9% | ||
| Q2 24 | 4.0% | 13.7% | ||
| Q1 24 | 5.5% | 8.4% |
净利率ADIPG
| Q4 25 | -2.3% | — | ||
| Q3 25 | -81.6% | 5.8% | ||
| Q2 25 | — | 7.5% | ||
| Q1 25 | — | -4.3% | ||
| Q4 24 | 0.5% | 14.1% | ||
| Q3 24 | -8.8% | 0.9% | ||
| Q2 24 | 1.9% | 9.2% | ||
| Q1 24 | 1.9% | 5.1% |
每股收益（稀释后）ADIPG
| Q4 25 | $0.43 | — | ||
| Q3 25 | $-0.44 | $0.34 | ||
| Q2 25 | — | $0.44 | ||
| Q1 25 | — | $-0.23 | ||
| Q4 24 | $0.06 | $0.92 | ||
| Q3 24 | $-0.92 | $0.05 | ||
| Q2 24 | $0.20 | $0.57 | ||
| Q1 24 | $0.20 | $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 | $113.4M | $1.5B |
| 总债务越低越好 | $670.3M | — |
| 股东权益账面价值 | $2.6B | $3.7B |
| 总资产 | $4.7B | $17.0B |
| 负债/权益比越低杠杆越低 | 0.26× | — |
8季度趋势，按日历期对齐
现金及短期投资ADIPG
| Q4 25 | $113.4M | — | ||
| Q3 25 | $325.6M | $1.5B | ||
| Q2 25 | — | $1.6B | ||
| Q1 25 | — | $1.9B | ||
| Q4 24 | $144.0M | $2.2B | ||
| Q3 24 | $272.0M | $1.5B | ||
| Q2 24 | $195.0M | $1.5B | ||
| Q1 24 | $185.0M | $1.9B |
总债务ADIPG
| Q4 25 | $670.3M | — | ||
| Q3 25 | $671.9M | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | $2.8B | — | ||
| Q3 24 | $2.9B | — | ||
| Q2 24 | $2.9B | — | ||
| Q1 24 | $3.0B | — |
股东权益ADIPG
| Q4 25 | $2.6B | — | ||
| Q3 25 | $2.5B | $3.7B | ||
| Q2 25 | — | $3.7B | ||
| Q1 25 | — | $3.6B | ||
| Q4 24 | $4.6B | $3.8B | ||
| Q3 24 | $4.6B | $3.7B | ||
| Q2 24 | $4.7B | $3.8B | ||
| Q1 24 | $4.7B | $3.8B |
总资产ADIPG
| Q4 25 | $4.7B | — | ||
| Q3 25 | $4.9B | $17.0B | ||
| Q2 25 | — | $17.0B | ||
| Q1 25 | — | $17.1B | ||
| Q4 24 | $10.4B | $18.3B | ||
| Q3 24 | $10.5B | $17.1B | ||
| Q2 24 | $10.6B | $17.0B | ||
| Q1 24 | $10.7B | $17.3B |
负债/权益比ADIPG
| Q4 25 | 0.26× | — | ||
| Q3 25 | 0.27× | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 0.62× | — | ||
| Q3 24 | 0.63× | — | ||
| Q2 24 | 0.62× | — | ||
| Q1 24 | 0.65× | — |
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 | $-202.1M | $180.1M |
| 自由现金流经营现金流 - 资本支出 | $-210.7M | $153.6M |
| 自由现金流率自由现金流/营收 | 12.5% | 7.2% |
| 资本支出强度资本支出/营收 | -0.5% | 1.2% |
| 现金转化率经营现金流/净利润 | -5.29× | 1.45× |
| 过去12个月自由现金流最近4个季度 | $-321.2M | $806.8M |
8季度趋势，按日历期对齐
经营现金流ADIPG
| Q4 25 | $-202.1M | — | ||
| Q3 25 | $-82.1M | $180.1M | ||
| Q2 25 | — | $-96.0M | ||
| Q1 25 | — | $-37.0M | ||
| Q4 24 | $122.0M | $868.1M | ||
| Q3 24 | $245.0M | $223.8M | ||
| Q2 24 | $313.0M | $120.7M | ||
| Q1 24 | $203.0M | $-157.4M |
自由现金流ADIPG
| Q4 25 | $-210.7M | — | ||
| Q3 25 | $-210.5M | $153.6M | ||
| Q2 25 | — | $-121.8M | ||
| Q1 25 | — | $-58.5M | ||
| Q4 24 | $-16.0M | $833.5M | ||
| Q3 24 | $116.0M | $186.5M | ||
| Q2 24 | $176.0M | $85.9M | ||
| Q1 24 | $70.0M | $-192.5M |
自由现金流率ADIPG
| Q4 25 | 12.5% | — | ||
| Q3 25 | -446.8% | 7.2% | ||
| Q2 25 | — | -5.6% | ||
| Q1 25 | — | -2.9% | ||
| Q4 24 | -1.7% | 34.2% | ||
| Q3 24 | 12.9% | 8.3% | ||
| Q2 24 | 19.5% | 3.7% | ||
| Q1 24 | 7.6% | -8.8% |
资本支出强度ADIPG
| Q4 25 | -0.5% | — | ||
| Q3 25 | 272.5% | 1.2% | ||
| Q2 25 | — | 1.2% | ||
| Q1 25 | — | 1.1% | ||
| Q4 24 | 14.6% | 1.4% | ||
| Q3 24 | 14.4% | 1.7% | ||
| Q2 24 | 15.2% | 1.5% | ||
| Q1 24 | 14.4% | 1.6% |
现金转化率ADIPG
| Q4 25 | -5.29× | — | ||
| Q3 25 | — | 1.45× | ||
| Q2 25 | — | -0.59× | ||
| Q1 25 | — | — | ||
| Q4 24 | 24.40× | 2.52× | ||
| Q3 24 | — | 11.13× | ||
| Q2 24 | 18.41× | 0.56× | ||
| Q1 24 | 11.28× | -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
AD
暂无分部数据
IPG
| MDE | $619.0M | 29% |
| IAC | $574.9M | 27% |
| Other | $527.9M | 25% |
| SCE | $413.8M | 19% |
