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CSX Corporation（CSX）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
CSX Corporation的季度营收约是埃培智集团的1.6倍（$3.5B vs $2.1B），CSX Corporation净利率更高（23.2% vs 5.8%，领先17.4%），CSX Corporation同比增速更快（1.7% vs -4.8%），CSX Corporation自由现金流更多（$793.0M vs $153.6M），过去两年CSX Corporation的营收复合增速更高（-3.0% vs -9.1%）
CSX运输是美国一级货运铁路企业，业务覆盖美国东部区域及加拿大安大略省、魁北克省，运营铁路总里程约3.4万公里，隶属于总部位于佛罗里达州杰克逊维尔市的财富500强企业CSX Corporation，是其旗下核心子公司。
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。
CSX vs IPG — 直观对比
营收规模更大
CSX
是对方的1.6倍
$2.1B
营收增速更快
CSX
高出6.5%
-4.8%
净利率更高
CSX
高出17.4%
5.8%
自由现金流更多
CSX
多$639.4M
$153.6M
两年增速更快
CSX
近两年复合增速
-9.1%
损益表 — Q1 FY2026 vs Q3 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $3.5B | $2.1B |
| 净利润 | $807.0M | $124.2M |
| 毛利率 | — | — |
| 营业利润率 | 36.0% | 10.3% |
| 净利率 | 23.2% | 5.8% |
| 营收同比 | 1.7% | -4.8% |
| 净利润同比 | 24.9% | 517.9% |
| 每股收益（稀释后） | — | $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CSXIPG
| Q1 26 | $3.5B | — | ||
| Q4 25 | $3.5B | — | ||
| Q3 25 | $3.6B | $2.1B | ||
| Q2 25 | $3.6B | $2.2B | ||
| Q1 25 | $3.4B | $2.0B | ||
| Q4 24 | $3.5B | $2.4B | ||
| Q3 24 | $3.6B | $2.2B | ||
| Q2 24 | $3.7B | $2.3B |
净利润CSXIPG
| Q1 26 | $807.0M | — | ||
| Q4 25 | $720.0M | — | ||
| Q3 25 | $694.0M | $124.2M | ||
| Q2 25 | $829.0M | $162.5M | ||
| Q1 25 | $646.0M | $-85.4M | ||
| Q4 24 | $720.0M | $344.5M | ||
| Q3 24 | $894.0M | $20.1M | ||
| Q2 24 | $963.0M | $214.5M |
毛利率CSXIPG
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | -3.2% | ||
| Q4 24 | — | 10.1% | ||
| Q3 24 | — | 2.9% | ||
| Q2 24 | — | 1.2% |
营业利润率CSXIPG
| Q1 26 | 36.0% | — | ||
| Q4 25 | 31.6% | — | ||
| Q3 25 | 30.3% | 10.3% | ||
| Q2 25 | 35.9% | 11.2% | ||
| Q1 25 | 30.4% | -2.1% | ||
| Q4 24 | 30.8% | 23.3% | ||
| Q3 24 | 37.4% | 5.9% | ||
| Q2 24 | 39.1% | 13.7% |
净利率CSXIPG
| Q1 26 | 23.2% | — | ||
| Q4 25 | 20.5% | — | ||
| Q3 25 | 19.3% | 5.8% | ||
| Q2 25 | 23.2% | 7.5% | ||
| Q1 25 | 18.9% | -4.3% | ||
| Q4 24 | 20.3% | 14.1% | ||
| Q3 24 | 24.7% | 0.9% | ||
| Q2 24 | 26.0% | 9.2% |
每股收益（稀释后）CSXIPG
| Q1 26 | — | — | ||
| Q4 25 | $0.39 | — | ||
| Q3 25 | $0.37 | $0.34 | ||
| Q2 25 | $0.44 | $0.44 | ||
| Q1 25 | $0.34 | $-0.23 | ||
| Q4 24 | $0.38 | $0.92 | ||
| Q3 24 | $0.46 | $0.05 | ||
| Q2 24 | $0.49 | $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 | $1.1B | $1.5B |
| 总债务越低越好 | $18.9B | — |
| 股东权益账面价值 | $13.6B | $3.7B |
| 总资产 | $44.2B | $17.0B |
| 负债/权益比越低杠杆越低 | 1.39× | — |
8季度趋势，按日历期对齐
现金及短期投资CSXIPG
| Q1 26 | $1.1B | — | ||
| Q4 25 | $5.0M | — | ||
| Q3 25 | $6.0M | $1.5B | ||
| Q2 25 | $6.0M | $1.6B | ||
| Q1 25 | $8.0M | $1.9B | ||
| Q4 24 | $72.0M | $2.2B | ||
| Q3 24 | $12.0M | $1.5B | ||
| Q2 24 | $4.0M | $1.5B |
总债务CSXIPG
| Q1 26 | $18.9B | — | ||
| Q4 25 | $18.2B | — | ||
| Q3 25 | $18.6B | — | ||
| Q2 25 | $18.6B | — | ||
| Q1 25 | $18.5B | — | ||
| Q4 24 | $17.9B | — | ||
| Q3 24 | $18.5B | — | ||
| Q2 24 | $18.0B | — |
股东权益CSXIPG
| Q1 26 | $13.6B | — | ||
| Q4 25 | $13.2B | — | ||
| Q3 25 | $12.8B | $3.7B | ||
| Q2 25 | $12.4B | $3.7B | ||
| Q1 25 | $12.2B | $3.6B | ||
| Q4 24 | $12.5B | $3.8B | ||
| Q3 24 | $12.9B | $3.7B | ||
| Q2 24 | $12.6B | $3.8B |
总资产CSXIPG
| Q1 26 | $44.2B | — | ||
| Q4 25 | $43.7B | — | ||
| Q3 25 | $43.3B | $17.0B | ||
| Q2 25 | $42.9B | $17.0B | ||
| Q1 25 | $43.2B | $17.1B | ||
| Q4 24 | $42.8B | $18.3B | ||
| Q3 24 | $43.1B | $17.1B | ||
| Q2 24 | $42.4B | $17.0B |
负债/权益比CSXIPG
| Q1 26 | 1.39× | — | ||
| Q4 25 | 1.38× | — | ||
| Q3 25 | 1.45× | — | ||
| Q2 25 | 1.50× | — | ||
| Q1 25 | 1.52× | — | ||
| Q4 24 | 1.43× | — | ||
| Q3 24 | 1.43× | — | ||
| Q2 24 | 1.42× | — |
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 | $1.3B | $180.1M |
| 自由现金流经营现金流 - 资本支出 | $793.0M | $153.6M |
| 自由现金流率自由现金流/营收 | 22.8% | 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 | 1.58× | 1.45× |
| 过去12个月自由现金流最近4个季度 | $2.0B | $806.8M |
8季度趋势，按日历期对齐
经营现金流CSXIPG
| Q1 26 | $1.3B | — | ||
| Q4 25 | $1.4B | — | ||
| Q3 25 | $1.3B | $180.1M | ||
| Q2 25 | $635.0M | $-96.0M | ||
| Q1 25 | $1.3B | $-37.0M | ||
| Q4 24 | $1.4B | $868.1M | ||
| Q3 24 | $1.7B | $223.8M | ||
| Q2 24 | $1.1B | $120.7M |
自由现金流CSXIPG
| Q1 26 | $793.0M | — | ||
| Q4 25 | $709.0M | — | ||
| Q3 25 | $607.0M | $153.6M | ||
| Q2 25 | $-141.0M | $-121.8M | ||
| Q1 25 | $536.0M | $-58.5M | ||
| Q4 24 | $550.0M | $833.5M | ||
| Q3 24 | $1.1B | $186.5M | ||
| Q2 24 | $547.0M | $85.9M |
自由现金流率CSXIPG
| Q1 26 | 22.8% | — | ||
| Q4 25 | 20.2% | — | ||
| Q3 25 | 16.9% | 7.2% | ||
| Q2 25 | -3.9% | -5.6% | ||
| Q1 25 | 15.7% | -2.9% | ||
| Q4 24 | 15.5% | 34.2% | ||
| Q3 24 | 29.3% | 8.3% | ||
| Q2 24 | 14.8% | 3.7% |
资本支出强度CSXIPG
| Q1 26 | — | — | ||
| Q4 25 | 19.3% | — | ||
| Q3 25 | 20.4% | 1.2% | ||
| Q2 25 | 21.7% | 1.2% | ||
| Q1 25 | 21.0% | 1.1% | ||
| Q4 24 | 23.7% | 1.4% | ||
| Q3 24 | 17.3% | 1.7% | ||
| Q2 24 | 14.6% | 1.5% |
现金转化率CSXIPG
| Q1 26 | 1.58× | — | ||
| Q4 25 | 1.93× | — | ||
| Q3 25 | 1.93× | 1.45× | ||
| Q2 25 | 0.77× | -0.59× | ||
| Q1 25 | 1.94× | — | ||
| Q4 24 | 1.93× | 2.52× | ||
| Q3 24 | 1.89× | 11.13× | ||
| Q2 24 | 1.13× | 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
CSX
暂无分部数据
IPG
| MDE | $619.0M | 29% |
| IAC | $574.9M | 27% |
| Other | $527.9M | 25% |
| SCE | $413.8M | 19% |
