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DELUXE CORP（DLX）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DELUXE CORP的4.0倍（$2.1B vs $535.2M）。埃培智集团净利率更高（5.8% vs 2.2%，领先3.6%）。DELUXE CORP同比增速更快（2.8% vs -4.8%）。过去两年DELUXE CORP的营收复合增速更高（0.0% vs -9.1%）
德朗士公司是一家美国企业，提供支付处理、数据服务、票据与促销产品以及商户服务，业务分为B2B支付、数据、印刷和商户服务四大板块。截至2025年，公司为数百万中小企业和数千家金融机构提供服务，每年处理支付交易总额超2.8万亿美元，虽传统核心业务为票据印刷等印刷产品，如今支付与数据服务已成为核心板块。
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。
DLX vs IPG — 直观对比
营收规模更大
IPG
是对方的4.0倍
$535.2M
营收增速更快
DLX
高出7.6%
-4.8%
净利率更高
IPG
高出3.6%
2.2%
两年增速更快
DLX
近两年复合增速
-9.1%
损益表 — Q4 2025 vs Q3 2025
| 指标 | | |
|---|---|---|
| 营收 | $535.2M | $2.1B |
| 净利润 | $12.0M | $124.2M |
| 毛利率 | 52.2% | — |
| 营业利润率 | 8.9% | 10.3% |
| 净利率 | 2.2% | 5.8% |
| 营收同比 | 2.8% | -4.8% |
| 净利润同比 | -5.0% | 517.9% |
| 每股收益（稀释后） | $0.25 | $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DLXIPG
| Q4 25 | $535.2M | — | ||
| Q3 25 | $540.2M | $2.1B | ||
| Q2 25 | $521.3M | $2.2B | ||
| Q1 25 | $536.5M | $2.0B | ||
| Q4 24 | $520.6M | $2.4B | ||
| Q3 24 | $528.4M | $2.2B | ||
| Q2 24 | $537.8M | $2.3B | ||
| Q1 24 | $535.0M | $2.2B |
净利润DLXIPG
| Q4 25 | $12.0M | — | ||
| Q3 25 | $33.7M | $124.2M | ||
| Q2 25 | $22.4M | $162.5M | ||
| Q1 25 | $14.0M | $-85.4M | ||
| Q4 24 | $12.6M | $344.5M | ||
| Q3 24 | $8.9M | $20.1M | ||
| Q2 24 | $20.5M | $214.5M | ||
| Q1 24 | $10.8M | $110.4M |
毛利率DLXIPG
| Q4 25 | 52.2% | — | ||
| Q3 25 | 53.9% | — | ||
| Q2 25 | 53.6% | — | ||
| Q1 25 | 52.4% | -3.2% | ||
| Q4 24 | 52.3% | 10.1% | ||
| Q3 24 | 53.3% | 2.9% | ||
| Q2 24 | 53.7% | 1.2% | ||
| Q1 24 | 53.0% | -1.1% |
营业利润率DLXIPG
| Q4 25 | 8.9% | — | ||
| Q3 25 | 14.0% | 10.3% | ||
| Q2 25 | 11.7% | 11.2% | ||
| Q1 25 | 9.0% | -2.1% | ||
| Q4 24 | 9.0% | 23.3% | ||
| Q3 24 | 7.9% | 5.9% | ||
| Q2 24 | 11.0% | 13.7% | ||
| Q1 24 | 8.3% | 8.4% |
净利率DLXIPG
| Q4 25 | 2.2% | — | ||
| Q3 25 | 6.2% | 5.8% | ||
| Q2 25 | 4.3% | 7.5% | ||
| Q1 25 | 2.6% | -4.3% | ||
| Q4 24 | 2.4% | 14.1% | ||
| Q3 24 | 1.7% | 0.9% | ||
| Q2 24 | 3.8% | 9.2% | ||
| Q1 24 | 2.0% | 5.1% |
每股收益（稀释后）DLXIPG
| Q4 25 | $0.25 | — | ||
| Q3 25 | $0.74 | $0.34 | ||
| Q2 25 | $0.50 | $0.44 | ||
| Q1 25 | $0.31 | $-0.23 | ||
| Q4 24 | $0.28 | $0.92 | ||
| Q3 24 | $0.20 | $0.05 | ||
| Q2 24 | $0.46 | $0.57 | ||
| Q1 24 | $0.24 | $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 | $36.9M | $1.5B |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $680.7M | $3.7B |
| 总资产 | $2.9B | $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DLXIPG
| Q4 25 | $36.9M | — | ||
| Q3 25 | $25.8M | $1.5B | ||
| Q2 25 | $26.0M | $1.6B | ||
| Q1 25 | $30.3M | $1.9B | ||
| Q4 24 | $34.4M | $2.2B | ||
| Q3 24 | $41.3M | $1.5B | ||
| Q2 24 | $23.1M | $1.5B | ||
| Q1 24 | $23.5M | $1.9B |
股东权益DLXIPG
| Q4 25 | $680.7M | — | ||
| Q3 25 | $664.1M | $3.7B | ||
| Q2 25 | $638.7M | $3.7B | ||
| Q1 25 | $622.5M | $3.6B | ||
| Q4 24 | $620.9M | $3.8B | ||
| Q3 24 | $612.7M | $3.7B | ||
| Q2 24 | $620.5M | $3.8B | ||
| Q1 24 | $608.4M | $3.8B |
总资产DLXIPG
| Q4 25 | $2.9B | — | ||
| Q3 25 | $2.6B | $17.0B | ||
| Q2 25 | $2.5B | $17.0B | ||
| Q1 25 | $2.6B | $17.1B | ||
| Q4 24 | $2.8B | $18.3B | ||
| Q3 24 | $2.6B | $17.1B | ||
| Q2 24 | $2.7B | $17.0B | ||
| Q1 24 | $2.7B | $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 | $102.1M | $180.1M |
| 自由现金流经营现金流 - 资本支出 | — | $153.6M |
| 自由现金流率自由现金流/营收 | — | 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 | 8.53× | 1.45× |
| 过去12个月自由现金流最近4个季度 | — | $806.8M |
8季度趋势，按日历期对齐
经营现金流DLXIPG
| Q4 25 | $102.1M | — | ||
| Q3 25 | $67.1M | $180.1M | ||
| Q2 25 | $51.1M | $-96.0M | ||
| Q1 25 | $50.3M | $-37.0M | ||
| Q4 24 | $60.2M | $868.1M | ||
| Q3 24 | $67.9M | $223.8M | ||
| Q2 24 | $39.6M | $120.7M | ||
| Q1 24 | $26.6M | $-157.4M |
自由现金流DLXIPG
| Q4 25 | — | — | ||
| Q3 25 | — | $153.6M | ||
| Q2 25 | $27.8M | $-121.8M | ||
| Q1 25 | $24.3M | $-58.5M | ||
| Q4 24 | — | $833.5M | ||
| Q3 24 | $46.7M | $186.5M | ||
| Q2 24 | $11.4M | $85.9M | ||
| Q1 24 | $6.1M | $-192.5M |
自由现金流率DLXIPG
| Q4 25 | — | — | ||
| Q3 25 | — | 7.2% | ||
| Q2 25 | 5.3% | -5.6% | ||
| Q1 25 | 4.5% | -2.9% | ||
| Q4 24 | — | 34.2% | ||
| Q3 24 | 8.8% | 8.3% | ||
| Q2 24 | 2.1% | 3.7% | ||
| Q1 24 | 1.1% | -8.8% |
资本支出强度DLXIPG
| Q4 25 | — | — | ||
| Q3 25 | — | 1.2% | ||
| Q2 25 | 4.5% | 1.2% | ||
| Q1 25 | 4.8% | 1.1% | ||
| Q4 24 | — | 1.4% | ||
| Q3 24 | 4.0% | 1.7% | ||
| Q2 24 | 5.2% | 1.5% | ||
| Q1 24 | 3.8% | 1.6% |
现金转化率DLXIPG
| Q4 25 | 8.53× | — | ||
| Q3 25 | 1.99× | 1.45× | ||
| Q2 25 | 2.28× | -0.59× | ||
| Q1 25 | 3.59× | — | ||
| Q4 24 | 4.77× | 2.52× | ||
| Q3 24 | 7.60× | 11.13× | ||
| Q2 24 | 1.94× | 0.56× | ||
| Q1 24 | 2.46× | -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
DLX
| Services | $247.9M | 46% |
| B2B Payments | $76.3M | 14% |
| Datadrivenmarketingsolutions | $68.5M | 13% |
| Promotional Solutions Revenue | $60.9M | 11% |
| Treasurymanagementsolutions | $59.8M | 11% |
| Other | $17.3M | 3% |
| Other Web Based Solutions | $4.6M | 1% |
IPG
| MDE | $619.0M | 29% |
| IAC | $574.9M | 27% |
| Other | $527.9M | 25% |
| SCE | $413.8M | 19% |
