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塞拉尼斯（CE）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
塞拉尼斯的季度营收约是埃培智集团的1.1倍（$2.3B vs $2.1B），埃培智集团净利率更高（5.8% vs 2.1%，领先3.8%），塞拉尼斯同比增速更快（-2.2% vs -4.8%），埃培智集团自由现金流更多（$153.6M vs $3.0M），过去两年塞拉尼斯的营收复合增速更高（-6.1% vs -9.1%）
塞拉尼斯是总部位于美国得克萨斯州欧文市的技术及特种材料企业，位列财富500强。公司是全球醋酸行业领军生产商，年产量约195万吨，占全球总产量的20%左右，同时也是全球最大的醋酸乙烯酯单体（VAM）供应商。
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。
CE vs IPG — 直观对比
营收规模更大
CE
是对方的1.1倍
$2.1B
营收增速更快
CE
高出2.6%
-4.8%
净利率更高
IPG
高出3.8%
2.1%
自由现金流更多
IPG
多$150.6M
$3.0M
两年增速更快
CE
近两年复合增速
-9.1%
损益表 — Q1 FY2026 vs Q3 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $2.3B | $2.1B |
| 净利润 | $48.0M | $124.2M |
| 毛利率 | 20.0% | — |
| 营业利润率 | — | 10.3% |
| 净利率 | 2.1% | 5.8% |
| 营收同比 | -2.2% | -4.8% |
| 净利润同比 | 340.0% | 517.9% |
| 每股收益（稀释后） | $0.41 | $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CEIPG
| Q1 26 | $2.3B | — | ||
| Q4 25 | $2.2B | — | ||
| Q3 25 | $2.4B | $2.1B | ||
| Q2 25 | $2.5B | $2.2B | ||
| Q1 25 | $2.4B | $2.0B | ||
| Q4 24 | $2.4B | $2.4B | ||
| Q3 24 | $2.6B | $2.2B | ||
| Q2 24 | $2.7B | $2.3B |
净利润CEIPG
| Q1 26 | $48.0M | — | ||
| Q4 25 | $14.0M | — | ||
| Q3 25 | $-1.4B | $124.2M | ||
| Q2 25 | $199.0M | $162.5M | ||
| Q1 25 | $-21.0M | $-85.4M | ||
| Q4 24 | $-1.9B | $344.5M | ||
| Q3 24 | $116.0M | $20.1M | ||
| Q2 24 | $155.0M | $214.5M |
毛利率CEIPG
| Q1 26 | 20.0% | — | ||
| Q4 25 | 19.1% | — | ||
| Q3 25 | 21.5% | — | ||
| Q2 25 | 21.1% | — | ||
| Q1 25 | 19.9% | -3.2% | ||
| Q4 24 | 22.7% | 10.1% | ||
| Q3 24 | 23.5% | 2.9% | ||
| Q2 24 | 24.2% | 1.2% |
营业利润率CEIPG
| Q1 26 | — | — | ||
| Q4 25 | 4.0% | — | ||
| Q3 25 | -52.7% | 10.3% | ||
| Q2 25 | 9.2% | 11.2% | ||
| Q1 25 | 7.0% | -2.1% | ||
| Q4 24 | -59.3% | 23.3% | ||
| Q3 24 | 9.4% | 5.9% | ||
| Q2 24 | 9.4% | 13.7% |
净利率CEIPG
| Q1 26 | 2.1% | — | ||
| Q4 25 | 0.6% | — | ||
| Q3 25 | -56.1% | 5.8% | ||
| Q2 25 | 7.9% | 7.5% | ||
| Q1 25 | -0.9% | -4.3% | ||
| Q4 24 | -80.8% | 14.1% | ||
| Q3 24 | 4.4% | 0.9% | ||
| Q2 24 | 5.8% | 9.2% |
每股收益（稀释后）CEIPG
| Q1 26 | $0.41 | — | ||
| Q4 25 | $0.13 | — | ||
| Q3 25 | $-12.39 | $0.34 | ||
| Q2 25 | $1.81 | $0.44 | ||
| Q1 25 | $-0.19 | $-0.23 | ||
| Q4 24 | $-17.50 | $0.92 | ||
| Q3 24 | $1.06 | $0.05 | ||
| Q2 24 | $1.41 | $0.57 |
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 | $1.8M | $1.5B |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $4.5M | $3.7B |
| 总资产 | $21.7M | $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CEIPG
| Q1 26 | $1.8M | — | ||
| 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 |
总债务CEIPG
| Q1 26 | — | — | ||
| Q4 25 | $11.4B | — | ||
| Q3 25 | $11.7B | — | ||
| Q2 25 | $12.7B | — | ||
| Q1 25 | $12.4B | — | ||
| Q4 24 | $11.1B | — | ||
| Q3 24 | $11.3B | — | ||
| Q2 24 | $11.1B | — |
股东权益CEIPG
| Q1 26 | $4.5M | — | ||
| Q4 25 | $4.0B | — | ||
| Q3 25 | $4.0B | $3.7B | ||
| Q2 25 | $5.3B | $3.7B | ||
| Q1 25 | $5.2B | $3.6B | ||
| Q4 24 | $5.2B | $3.8B | ||
| Q3 24 | $7.3B | $3.7B | ||
| Q2 24 | $7.2B | $3.8B |
总资产CEIPG
| Q1 26 | $21.7M | — | ||
| Q4 25 | $21.7B | — | ||
| Q3 25 | $22.2B | $17.0B | ||
| Q2 25 | $23.7B | $17.0B | ||
| Q1 25 | $23.2B | $17.1B | ||
| Q4 24 | $22.9B | $18.3B | ||
| Q3 24 | $25.9B | $17.1B | ||
| Q2 24 | $25.8B | $17.0B |
负债/权益比CEIPG
| Q1 26 | — | — | ||
| Q4 25 | 2.81× | — | ||
| Q3 25 | 2.95× | — | ||
| Q2 25 | 2.41× | — | ||
| Q1 25 | 2.39× | — | ||
| Q4 24 | 2.14× | — | ||
| Q3 24 | 1.56× | — | ||
| Q2 24 | 1.54× | — |
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 | — | $180.1M |
| 自由现金流经营现金流 - 资本支出 | $3.0M | $153.6M |
| 自由现金流率自由现金流/营收 | 0.1% | 7.2% |
| 资本支出强度资本支出/营收 | 2.8% | 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 | $871.0M | $806.8M |
8季度趋势，按日历期对齐
经营现金流CEIPG
| Q1 26 | — | — | ||
| Q4 25 | $252.0M | — | ||
| Q3 25 | $447.0M | $180.1M | ||
| Q2 25 | $410.0M | $-96.0M | ||
| Q1 25 | $37.0M | $-37.0M | ||
| Q4 24 | $494.0M | $868.1M | ||
| Q3 24 | $79.0M | $223.8M | ||
| Q2 24 | $292.0M | $120.7M |
自由现金流CEIPG
| Q1 26 | $3.0M | — | ||
| Q4 25 | $168.0M | — | ||
| Q3 25 | $383.0M | $153.6M | ||
| Q2 25 | $317.0M | $-121.8M | ||
| Q1 25 | $-65.0M | $-58.5M | ||
| Q4 24 | $389.0M | $833.5M | ||
| Q3 24 | $-9.0M | $186.5M | ||
| Q2 24 | $187.0M | $85.9M |
自由现金流率CEIPG
| Q1 26 | 0.1% | — | ||
| Q4 25 | 7.6% | — | ||
| Q3 25 | 15.8% | 7.2% | ||
| Q2 25 | 12.5% | -5.6% | ||
| Q1 25 | -2.7% | -2.9% | ||
| Q4 24 | 16.4% | 34.2% | ||
| Q3 24 | -0.3% | 8.3% | ||
| Q2 24 | 7.1% | 3.7% |
资本支出强度CEIPG
| Q1 26 | 2.8% | — | ||
| Q4 25 | 3.8% | — | ||
| Q3 25 | 2.6% | 1.2% | ||
| Q2 25 | 3.7% | 1.2% | ||
| Q1 25 | 4.3% | 1.1% | ||
| Q4 24 | 4.4% | 1.4% | ||
| Q3 24 | 3.3% | 1.7% | ||
| Q2 24 | 4.0% | 1.5% |
现金转化率CEIPG
| Q1 26 | — | — | ||
| Q4 25 | 18.00× | — | ||
| Q3 25 | — | 1.45× | ||
| Q2 25 | 2.06× | -0.59× | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 2.52× | ||
| Q3 24 | 0.68× | 11.13× | ||
| Q2 24 | 1.88× | 0.56× |
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
CE
暂无分部数据
IPG
| MDE | $619.0M | 29% |
| IAC | $574.9M | 27% |
| Other | $527.9M | 25% |
| SCE | $413.8M | 19% |
