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格罗方德（GFS）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格罗方德的1.3倍（$2.1B vs $1.7B），格罗方德净利率更高（14.8% vs 5.8%，领先8.9%），格罗方德同比增速更快（-2.9% vs -4.8%），过去两年格罗方德的营收复合增速更高（-4.3% vs -9.1%）
格罗方德是跨国半导体代工及设计企业，注册地为开曼群岛，总部位于美国纽约州马耳他。公司2009年3月由AMD制造业务分拆成立，2021年10月完成首次公开募股，阿联酋主权财富基金穆巴达拉投资公司目前仍持有其82%的多数股权。
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。
GFS vs IPG — 直观对比
营收规模更大
IPG
是对方的1.3倍
$1.7B
营收增速更快
GFS
高出1.8%
-4.8%
净利率更高
GFS
高出8.9%
5.8%
两年增速更快
GFS
近两年复合增速
-9.1%
损益表 — Q3 FY2025 vs Q3 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $1.7B | $2.1B |
| 净利润 | $249.0M | $124.2M |
| 毛利率 | 24.8% | — |
| 营业利润率 | 11.6% | 10.3% |
| 净利率 | 14.8% | 5.8% |
| 营收同比 | -2.9% | -4.8% |
| 净利润同比 | 39.9% | 517.9% |
| 每股收益（稀释后） | $0.44 | $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GFSIPG
| Q3 25 | $1.7B | $2.1B | ||
| Q2 25 | $1.7B | $2.2B | ||
| Q1 25 | $1.6B | $2.0B | ||
| Q4 24 | — | $2.4B | ||
| Q3 24 | $1.7B | $2.2B | ||
| Q2 24 | $1.6B | $2.3B | ||
| Q1 24 | $1.5B | $2.2B | ||
| Q4 23 | — | $2.6B |
净利润GFSIPG
| Q3 25 | $249.0M | $124.2M | ||
| Q2 25 | $228.0M | $162.5M | ||
| Q1 25 | $211.0M | $-85.4M | ||
| Q4 24 | — | $344.5M | ||
| Q3 24 | $178.0M | $20.1M | ||
| Q2 24 | $155.0M | $214.5M | ||
| Q1 24 | $134.0M | $110.4M | ||
| Q4 23 | — | $463.2M |
毛利率GFSIPG
| Q3 25 | 24.8% | — | ||
| Q2 25 | 24.2% | — | ||
| Q1 25 | 22.4% | -3.2% | ||
| Q4 24 | — | 10.1% | ||
| Q3 24 | 23.8% | 2.9% | ||
| Q2 24 | 24.2% | 1.2% | ||
| Q1 24 | 25.4% | -1.1% | ||
| Q4 23 | — | 10.0% |
营业利润率GFSIPG
| Q3 25 | 11.6% | 10.3% | ||
| Q2 25 | 11.6% | 11.2% | ||
| Q1 25 | 9.5% | -2.1% | ||
| Q4 24 | — | 23.3% | ||
| Q3 24 | 10.6% | 5.9% | ||
| Q2 24 | 9.5% | 13.7% | ||
| Q1 24 | 9.5% | 8.4% | ||
| Q4 23 | — | 23.5% |
净利率GFSIPG
| Q3 25 | 14.8% | 5.8% | ||
| Q2 25 | 13.5% | 7.5% | ||
| Q1 25 | 13.3% | -4.3% | ||
| Q4 24 | — | 14.1% | ||
| Q3 24 | 10.2% | 0.9% | ||
| Q2 24 | 9.5% | 9.2% | ||
| Q1 24 | 8.7% | 5.1% | ||
| Q4 23 | — | 17.9% |
每股收益（稀释后）GFSIPG
| Q3 25 | $0.44 | $0.34 | ||
| Q2 25 | $0.41 | $0.44 | ||
| Q1 25 | $0.38 | $-0.23 | ||
| Q4 24 | — | $0.92 | ||
| Q3 24 | $0.32 | $0.05 | ||
| Q2 24 | $0.28 | $0.57 | ||
| Q1 24 | $0.24 | $0.29 | ||
| Q4 23 | — | $1.21 |
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 | $2.0B | $1.5B |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $11.8B | $3.7B |
| 总资产 | $16.7B | $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GFSIPG
| Q3 25 | $2.0B | $1.5B | ||
| Q2 25 | $1.8B | $1.6B | ||
| Q1 25 | $1.6B | $1.9B | ||
| Q4 24 | — | $2.2B | ||
| Q3 24 | $2.3B | $1.5B | ||
| Q2 24 | $2.2B | $1.5B | ||
| Q1 24 | $2.2B | $1.9B | ||
| Q4 23 | — | $2.4B |
股东权益GFSIPG
| Q3 25 | $11.8B | $3.7B | ||
| Q2 25 | $11.5B | $3.7B | ||
| Q1 25 | $11.1B | $3.6B | ||
| Q4 24 | — | $3.8B | ||
| Q3 24 | $11.6B | $3.7B | ||
| Q2 24 | $11.3B | $3.8B | ||
| Q1 24 | $11.3B | $3.8B | ||
| Q4 23 | — | $3.9B |
总资产GFSIPG
| Q3 25 | $16.7B | $17.0B | ||
| Q2 25 | $16.8B | $17.0B | ||
| Q1 25 | $16.5B | $17.1B | ||
| Q4 24 | — | $18.3B | ||
| Q3 24 | $18.1B | $17.1B | ||
| Q2 24 | — | $17.0B | ||
| Q1 24 | — | $17.3B | ||
| Q4 23 | — | $19.3B |
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 | $595.0M | $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 | 2.39× | 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GFSIPG
| Q3 25 | $595.0M | $180.1M | ||
| Q2 25 | $431.0M | $-96.0M | ||
| Q1 25 | $331.0M | $-37.0M | ||
| Q4 24 | — | $868.1M | ||
| Q3 24 | $375.0M | $223.8M | ||
| Q2 24 | $402.0M | $120.7M | ||
| Q1 24 | $488.0M | $-157.4M | ||
| Q4 23 | — | $894.8M |
自由现金流GFSIPG
| Q3 25 | — | $153.6M | ||
| Q2 25 | — | $-121.8M | ||
| Q1 25 | — | $-58.5M | ||
| Q4 24 | — | $833.5M | ||
| Q3 24 | — | $186.5M | ||
| Q2 24 | — | $85.9M | ||
| Q1 24 | — | $-192.5M | ||
| Q4 23 | — | $842.6M |
自由现金流率GFSIPG
| Q3 25 | — | 7.2% | ||
| Q2 25 | — | -5.6% | ||
| Q1 25 | — | -2.9% | ||
| Q4 24 | — | 34.2% | ||
| Q3 24 | — | 8.3% | ||
| Q2 24 | — | 3.7% | ||
| Q1 24 | — | -8.8% | ||
| Q4 23 | — | 32.6% |
资本支出强度GFSIPG
| Q3 25 | — | 1.2% | ||
| Q2 25 | — | 1.2% | ||
| Q1 25 | — | 1.1% | ||
| Q4 24 | — | 1.4% | ||
| Q3 24 | — | 1.7% | ||
| Q2 24 | — | 1.5% | ||
| Q1 24 | — | 1.6% | ||
| Q4 23 | — | 2.0% |
现金转化率GFSIPG
| Q3 25 | 2.39× | 1.45× | ||
| Q2 25 | 1.89× | -0.59× | ||
| Q1 25 | 1.57× | — | ||
| Q4 24 | — | 2.52× | ||
| Q3 24 | 2.11× | 11.13× | ||
| Q2 24 | 2.59× | 0.56× | ||
| Q1 24 | 3.64× | -1.43× | ||
| Q4 23 | — | 1.93× |
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
GFS
| Smart Mobile Devices | $752.0M | 45% |
| Automotive | $306.0M | 18% |
| Home And Industrial Io T | $258.0M | 15% |
| Goods Or Services Transferred Over Time | $198.0M | 12% |
| Communications Infrastructure Datacenter | $175.0M | 10% |
IPG
| MDE | $619.0M | 29% |
| IAC | $574.9M | 27% |
| Other | $527.9M | 25% |
| SCE | $413.8M | 19% |
