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Core & Main, Inc.（CNM）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Core & Main, Inc.的1.0倍（$2.1B vs $2.1B），Core & Main, Inc.净利率更高（6.6% vs 5.8%，领先0.8%），Core & Main, Inc.同比增速更快（0.0% vs -4.8%），Core & Main, Inc.自由现金流更多（$263.0M vs $153.6M），过去两年Core & Main, Inc.的营收复合增速更高（19.7% vs -9.1%）
Core & Main, Inc.总部位于美国密苏里州圣路易斯，是美国专业的水务及相关防护产品分销商，主营供水、污水处理、雨水排放、消防防护类产品，客户覆盖市政部门、私营水务企业及专业承包商，在全美49个州设有370个分支机构，服务6万客户，在售产品达22.5万种。
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。
CNM vs IPG — 直观对比
营收规模更大
IPG
是对方的1.0倍
$2.1B
营收增速更快
CNM
高出4.8%
-4.8%
净利率更高
CNM
高出0.8%
5.8%
自由现金流更多
CNM
多$109.4M
$153.6M
两年增速更快
CNM
近两年复合增速
-9.1%
损益表 — Q3 FY2026 vs Q3 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $2.1B | $2.1B |
| 净利润 | $137.0M | $124.2M |
| 毛利率 | 27.2% | — |
| 营业利润率 | 10.7% | 10.3% |
| 净利率 | 6.6% | 5.8% |
| 营收同比 | 0.0% | -4.8% |
| 净利润同比 | 0.0% | 517.9% |
| 每股收益（稀释后） | $0.72 | $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CNMIPG
| Q4 25 | $2.1B | — | ||
| Q3 25 | $2.1B | $2.1B | ||
| Q2 25 | $1.9B | $2.2B | ||
| Q1 25 | $1.7B | $2.0B | ||
| Q4 24 | $2.0B | $2.4B | ||
| Q3 24 | $2.0B | $2.2B | ||
| Q2 24 | $1.7B | $2.3B | ||
| Q1 24 | $1.4B | $2.2B |
净利润CNMIPG
| Q4 25 | $137.0M | — | ||
| Q3 25 | $134.0M | $124.2M | ||
| Q2 25 | $100.0M | $162.5M | ||
| Q1 25 | $64.0M | $-85.4M | ||
| Q4 24 | $133.0M | $344.5M | ||
| Q3 24 | $119.0M | $20.1M | ||
| Q2 24 | $95.0M | $214.5M | ||
| Q1 24 | $63.0M | $110.4M |
毛利率CNMIPG
| Q4 25 | 27.2% | — | ||
| Q3 25 | 26.8% | — | ||
| Q2 25 | 26.7% | — | ||
| Q1 25 | 26.6% | -3.2% | ||
| Q4 24 | 26.6% | 10.1% | ||
| Q3 24 | 26.4% | 2.9% | ||
| Q2 24 | 26.9% | 1.2% | ||
| Q1 24 | 26.7% | -1.1% |
营业利润率CNMIPG
| Q4 25 | 10.7% | — | ||
| Q3 25 | 10.2% | 10.3% | ||
| Q2 25 | 8.9% | 11.2% | ||
| Q1 25 | 7.3% | -2.1% | ||
| Q4 24 | 10.9% | 23.3% | ||
| Q3 24 | 10.4% | 5.9% | ||
| Q2 24 | 9.6% | 13.7% | ||
| Q1 24 | 8.1% | 8.4% |
净利率CNMIPG
| Q4 25 | 6.6% | — | ||
| Q3 25 | 6.4% | 5.8% | ||
| Q2 25 | 5.2% | 7.5% | ||
| Q1 25 | 3.8% | -4.3% | ||
| Q4 24 | 6.5% | 14.1% | ||
| Q3 24 | 6.1% | 0.9% | ||
| Q2 24 | 5.5% | 9.2% | ||
| Q1 24 | 4.4% | 5.1% |
每股收益（稀释后）CNMIPG
| Q4 25 | $0.72 | — | ||
| Q3 25 | $0.70 | $0.34 | ||
| Q2 25 | $0.52 | $0.44 | ||
| Q1 25 | $0.34 | $-0.23 | ||
| Q4 24 | $0.69 | $0.92 | ||
| Q3 24 | $0.61 | $0.05 | ||
| Q2 24 | $0.49 | $0.57 | ||
| Q1 24 | $0.34 | $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 | $89.0M | $1.5B |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $2.0B | $3.7B |
| 总资产 | $6.3B | $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CNMIPG
| Q4 25 | $89.0M | — | ||
| Q3 25 | $25.0M | $1.5B | ||
| Q2 25 | $8.0M | $1.6B | ||
| Q1 25 | $8.0M | $1.9B | ||
| Q4 24 | $10.0M | $2.2B | ||
| Q3 24 | $13.0M | $1.5B | ||
| Q2 24 | $30.0M | $1.5B | ||
| Q1 24 | $1.0M | $1.9B |
股东权益CNMIPG
| Q4 25 | $2.0B | — | ||
| Q3 25 | $1.9B | $3.7B | ||
| Q2 25 | $1.7B | $3.7B | ||
| Q1 25 | $1.7B | $3.6B | ||
| Q4 24 | $1.7B | $3.8B | ||
| Q3 24 | $1.6B | $3.7B | ||
| Q2 24 | $1.6B | $3.8B | ||
| Q1 24 | $1.5B | $3.8B |
总资产CNMIPG
| Q4 25 | $6.3B | — | ||
| Q3 25 | $6.3B | $17.0B | ||
| Q2 25 | $6.3B | $17.0B | ||
| Q1 25 | $5.9B | $17.1B | ||
| Q4 24 | $6.2B | $18.3B | ||
| Q3 24 | $6.1B | $17.1B | ||
| Q2 24 | $6.0B | $17.0B | ||
| Q1 24 | $5.1B | $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 | $271.0M | $180.1M |
| 自由现金流经营现金流 - 资本支出 | $263.0M | $153.6M |
| 自由现金流率自由现金流/营收 | 12.8% | 7.2% |
| 资本支出强度资本支出/营收 | 0.4% | 1.2% |
| 现金转化率经营现金流/净利润 | 1.98× | 1.45× |
| 过去12个月自由现金流最近4个季度 | $575.0M | $806.8M |
8季度趋势，按日历期对齐
经营现金流CNMIPG
| Q4 25 | $271.0M | — | ||
| Q3 25 | $34.0M | $180.1M | ||
| Q2 25 | $77.0M | $-96.0M | ||
| Q1 25 | $235.0M | $-37.0M | ||
| Q4 24 | $260.0M | $868.1M | ||
| Q3 24 | $48.0M | $223.8M | ||
| Q2 24 | $78.0M | $120.7M | ||
| Q1 24 | $294.0M | $-157.4M |
自由现金流CNMIPG
| Q4 25 | $263.0M | — | ||
| Q3 25 | $24.0M | $153.6M | ||
| Q2 25 | $64.0M | $-121.8M | ||
| Q1 25 | $224.0M | $-58.5M | ||
| Q4 24 | $252.0M | $833.5M | ||
| Q3 24 | $39.0M | $186.5M | ||
| Q2 24 | $71.0M | $85.9M | ||
| Q1 24 | $289.0M | $-192.5M |
自由现金流率CNMIPG
| Q4 25 | 12.8% | — | ||
| Q3 25 | 1.1% | 7.2% | ||
| Q2 25 | 3.3% | -5.6% | ||
| Q1 25 | 13.2% | -2.9% | ||
| Q4 24 | 12.4% | 34.2% | ||
| Q3 24 | 2.0% | 8.3% | ||
| Q2 24 | 4.1% | 3.7% | ||
| Q1 24 | 20.1% | -8.8% |
资本支出强度CNMIPG
| Q4 25 | 0.4% | — | ||
| Q3 25 | 0.5% | 1.2% | ||
| Q2 25 | 0.7% | 1.2% | ||
| Q1 25 | 0.6% | 1.1% | ||
| Q4 24 | 0.4% | 1.4% | ||
| Q3 24 | 0.5% | 1.7% | ||
| Q2 24 | 0.4% | 1.5% | ||
| Q1 24 | 0.3% | 1.6% |
现金转化率CNMIPG
| Q4 25 | 1.98× | — | ||
| Q3 25 | 0.25× | 1.45× | ||
| Q2 25 | 0.77× | -0.59× | ||
| Q1 25 | 3.67× | — | ||
| Q4 24 | 1.95× | 2.52× | ||
| Q3 24 | 0.40× | 11.13× | ||
| Q2 24 | 0.82× | 0.56× | ||
| Q1 24 | 4.67× | -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
CNM
| Pipes Valves And Fitting Products | $1.4B | 67% |
| Storm Drainage Products | $333.0M | 16% |
| Meter Products | $195.0M | 9% |
| Fire Protection Products | $152.0M | 7% |
IPG
| MDE | $619.0M | 29% |
| IAC | $574.9M | 27% |
| Other | $527.9M | 25% |
| SCE | $413.8M | 19% |
