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科慕（CC）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科慕的1.6倍（$2.1B vs $1.3B），埃培智集团净利率更高（5.8% vs -3.5%，领先9.3%），科慕同比增速更快（-2.1% vs -4.8%），埃培智集团自由现金流更多（$153.6M vs $92.0M），过去两年科慕的营收复合增速更高（-1.2% vs -9.1%）
科慕公司是一家美国化工企业，2015年7月从杜邦分拆成立，总部位于美国特拉华州威尔明顿。公司主营产品包括具备不粘特性的知名品牌特氟龙（聚四氟乙烯PTFE）、二氧化钛以及制冷剂气体，在特种化工领域拥有深厚的技术积累。
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。
CC vs IPG — 直观对比
营收规模更大
IPG
是对方的1.6倍
$1.3B
营收增速更快
CC
高出2.7%
-4.8%
净利率更高
IPG
高出9.3%
-3.5%
自由现金流更多
IPG
多$61.6M
$92.0M
两年增速更快
CC
近两年复合增速
-9.1%
损益表 — Q4 FY2025 vs Q3 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $1.3B | $2.1B |
| 净利润 | $-47.0M | $124.2M |
| 毛利率 | 11.7% | — |
| 营业利润率 | — | 10.3% |
| 净利率 | -3.5% | 5.8% |
| 营收同比 | -2.1% | -4.8% |
| 净利润同比 | -261.5% | 517.9% |
| 每股收益（稀释后） | $-0.32 | $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CCIPG
| Q4 25 | $1.3B | — | ||
| Q3 25 | $1.5B | $2.1B | ||
| Q2 25 | $1.6B | $2.2B | ||
| Q1 25 | $1.4B | $2.0B | ||
| Q4 24 | $1.4B | $2.4B | ||
| Q3 24 | $1.5B | $2.2B | ||
| Q2 24 | $1.6B | $2.3B | ||
| Q1 24 | $1.4B | $2.2B |
净利润CCIPG
| Q4 25 | $-47.0M | — | ||
| Q3 25 | $46.0M | $124.2M | ||
| Q2 25 | $-380.0M | $162.5M | ||
| Q1 25 | $-5.0M | $-85.4M | ||
| Q4 24 | $-13.0M | $344.5M | ||
| Q3 24 | $-32.0M | $20.1M | ||
| Q2 24 | $60.0M | $214.5M | ||
| Q1 24 | $54.0M | $110.4M |
毛利率CCIPG
| Q4 25 | 11.7% | — | ||
| Q3 25 | 15.6% | — | ||
| Q2 25 | 17.2% | — | ||
| Q1 25 | 17.3% | -3.2% | ||
| Q4 24 | 19.4% | 10.1% | ||
| Q3 24 | 19.0% | 2.9% | ||
| Q2 24 | 19.8% | 1.2% | ||
| Q1 24 | 20.9% | -1.1% |
营业利润率CCIPG
| Q4 25 | — | — | ||
| Q3 25 | 2.5% | 10.3% | ||
| Q2 25 | -15.4% | 11.2% | ||
| Q1 25 | — | -2.1% | ||
| Q4 24 | -0.1% | 23.3% | ||
| Q3 24 | -2.1% | 5.9% | ||
| Q2 24 | 4.4% | 13.7% | ||
| Q1 24 | 5.1% | 8.4% |
净利率CCIPG
| Q4 25 | -3.5% | — | ||
| Q3 25 | 3.1% | 5.8% | ||
| Q2 25 | -23.5% | 7.5% | ||
| Q1 25 | -0.4% | -4.3% | ||
| Q4 24 | -1.0% | 14.1% | ||
| Q3 24 | -2.1% | 0.9% | ||
| Q2 24 | 3.9% | 9.2% | ||
| Q1 24 | 4.0% | 5.1% |
每股收益（稀释后）CCIPG
| Q4 25 | $-0.32 | — | ||
| Q3 25 | $0.31 | $0.34 | ||
| Q2 25 | $-2.53 | $0.44 | ||
| Q1 25 | $-0.03 | $-0.23 | ||
| Q4 24 | $-0.07 | $0.92 | ||
| Q3 24 | $-0.22 | $0.05 | ||
| Q2 24 | $0.39 | $0.57 | ||
| Q1 24 | $0.36 | $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 | $670.0M | $1.5B |
| 总债务越低越好 | $4.1B | — |
| 股东权益账面价值 | $250.0M | $3.7B |
| 总资产 | $7.4B | $17.0B |
| 负债/权益比越低杠杆越低 | 16.40× | — |
8季度趋势，按日历期对齐
现金及短期投资CCIPG
| Q4 25 | $670.0M | — | ||
| Q3 25 | $613.0M | $1.5B | ||
| Q2 25 | $502.0M | $1.6B | ||
| Q1 25 | $464.0M | $1.9B | ||
| Q4 24 | $713.0M | $2.2B | ||
| Q3 24 | $596.0M | $1.5B | ||
| Q2 24 | $604.0M | $1.5B | ||
| Q1 24 | $746.0M | $1.9B |
总债务CCIPG
| Q4 25 | $4.1B | — | ||
| Q3 25 | $4.1B | — | ||
| Q2 25 | $4.1B | — | ||
| Q1 25 | $4.1B | — | ||
| Q4 24 | $4.1B | — | ||
| Q3 24 | $4.0B | — | ||
| Q2 24 | $4.0B | — | ||
| Q1 24 | $4.0B | — |
股东权益CCIPG
| Q4 25 | $250.0M | — | ||
| Q3 25 | $274.0M | $3.7B | ||
| Q2 25 | $228.0M | $3.7B | ||
| Q1 25 | $566.0M | $3.6B | ||
| Q4 24 | $571.0M | $3.8B | ||
| Q3 24 | $643.0M | $3.7B | ||
| Q2 24 | $714.0M | $3.8B | ||
| Q1 24 | $753.0M | $3.8B |
总资产CCIPG
| Q4 25 | $7.4B | — | ||
| Q3 25 | $7.5B | $17.0B | ||
| Q2 25 | $7.5B | $17.0B | ||
| Q1 25 | $7.4B | $17.1B | ||
| Q4 24 | $7.5B | $18.3B | ||
| Q3 24 | $7.5B | $17.1B | ||
| Q2 24 | $7.2B | $17.0B | ||
| Q1 24 | $8.0B | $17.3B |
负债/权益比CCIPG
| Q4 25 | 16.40× | — | ||
| Q3 25 | 14.96× | — | ||
| Q2 25 | 17.99× | — | ||
| Q1 25 | 7.18× | — | ||
| Q4 24 | 7.11× | — | ||
| Q3 24 | 6.20× | — | ||
| Q2 24 | 5.53× | — | ||
| Q1 24 | 5.27× | — |
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 | $137.0M | $180.1M |
| 自由现金流经营现金流 - 资本支出 | $92.0M | $153.6M |
| 自由现金流率自由现金流/营收 | 6.9% | 7.2% |
| 资本支出强度资本支出/营收 | 3.4% | 1.2% |
| 现金转化率经营现金流/净利润 | — | 1.45× |
| 过去12个月自由现金流最近4个季度 | $51.0M | $806.8M |
8季度趋势，按日历期对齐
经营现金流CCIPG
| Q4 25 | $137.0M | — | ||
| Q3 25 | $146.0M | $180.1M | ||
| Q2 25 | $93.0M | $-96.0M | ||
| Q1 25 | $-112.0M | $-37.0M | ||
| Q4 24 | $138.0M | $868.1M | ||
| Q3 24 | $139.0M | $223.8M | ||
| Q2 24 | $-620.0M | $120.7M | ||
| Q1 24 | $-290.0M | $-157.4M |
自由现金流CCIPG
| Q4 25 | $92.0M | — | ||
| Q3 25 | $105.0M | $153.6M | ||
| Q2 25 | $50.0M | $-121.8M | ||
| Q1 25 | $-196.0M | $-58.5M | ||
| Q4 24 | $29.0M | $833.5M | ||
| Q3 24 | $63.0M | $186.5M | ||
| Q2 24 | $-693.0M | $85.9M | ||
| Q1 24 | $-392.0M | $-192.5M |
自由现金流率CCIPG
| Q4 25 | 6.9% | — | ||
| Q3 25 | 7.0% | 7.2% | ||
| Q2 25 | 3.1% | -5.6% | ||
| Q1 25 | -14.3% | -2.9% | ||
| Q4 24 | 2.1% | 34.2% | ||
| Q3 24 | 4.2% | 8.3% | ||
| Q2 24 | -44.6% | 3.7% | ||
| Q1 24 | -28.8% | -8.8% |
资本支出强度CCIPG
| Q4 25 | 3.4% | — | ||
| Q3 25 | 2.7% | 1.2% | ||
| Q2 25 | 2.7% | 1.2% | ||
| Q1 25 | 6.1% | 1.1% | ||
| Q4 24 | 8.0% | 1.4% | ||
| Q3 24 | 5.0% | 1.7% | ||
| Q2 24 | 4.7% | 1.5% | ||
| Q1 24 | 7.5% | 1.6% |
现金转化率CCIPG
| Q4 25 | — | — | ||
| Q3 25 | 3.17× | 1.45× | ||
| Q2 25 | — | -0.59× | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 2.52× | ||
| Q3 24 | — | 11.13× | ||
| Q2 24 | -10.33× | 0.56× | ||
| Q1 24 | -5.37× | -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
CC
| Titanium Technologies | $563.0M | 42% |
| Thermal And Specialized Solutions | $443.0M | 33% |
| Advanced Performance Materials | $312.0M | 23% |
| Other Non-Reportable Segment | $12.0M | 1% |
IPG
| MDE | $619.0M | 29% |
| IAC | $574.9M | 27% |
| Other | $527.9M | 25% |
| SCE | $413.8M | 19% |
