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Groupon, Inc.（GRPN）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Groupon, Inc.的16.1倍（$2.1B vs $132.7M）。Groupon, Inc.净利率更高（6.0% vs 5.8%，领先0.2%）。Groupon, Inc.同比增速更快（1.8% vs -4.8%）。埃培智集团自由现金流更多（$153.6M vs $53.0M）。过去两年Groupon, Inc.的营收复合增速更高（3.8% vs -9.1%）
Groupon股份有限公司是源自美国的电子商务平台，业务覆盖全球13个国家，主打本地生活服务领域，主打以团购优惠券的模式，连接消费者与本地商户，覆盖休闲活动、旅行、商品及各类生活服务等多个品类。
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。
GRPN vs IPG — 直观对比
营收规模更大
IPG
是对方的16.1倍
$132.7M
营收增速更快
GRPN
高出6.6%
-4.8%
净利率更高
GRPN
高出0.2%
5.8%
自由现金流更多
IPG
多$100.6M
$53.0M
两年增速更快
GRPN
近两年复合增速
-9.1%
损益表 — Q4 2025 vs Q3 2025
| 指标 | | |
|---|---|---|
| 营收 | $132.7M | $2.1B |
| 净利润 | $7.9M | $124.2M |
| 毛利率 | 90.4% | — |
| 营业利润率 | 4.9% | 10.3% |
| 净利率 | 6.0% | 5.8% |
| 营收同比 | 1.8% | -4.8% |
| 净利润同比 | 115.8% | 517.9% |
| 每股收益（稀释后） | $0.21 | $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GRPNIPG
| Q4 25 | $132.7M | — | ||
| Q3 25 | $122.8M | $2.1B | ||
| Q2 25 | $125.7M | $2.2B | ||
| Q1 25 | $117.2M | $2.0B | ||
| Q4 24 | $130.4M | $2.4B | ||
| Q3 24 | $114.5M | $2.2B | ||
| Q2 24 | $124.6M | $2.3B | ||
| Q1 24 | $123.1M | $2.2B |
净利润GRPNIPG
| Q4 25 | $7.9M | — | ||
| Q3 25 | $-118.4M | $124.2M | ||
| Q2 25 | $20.3M | $162.5M | ||
| Q1 25 | $7.2M | $-85.4M | ||
| Q4 24 | $-50.1M | $344.5M | ||
| Q3 24 | $13.9M | $20.1M | ||
| Q2 24 | $-10.0M | $214.5M | ||
| Q1 24 | $-12.3M | $110.4M |
毛利率GRPNIPG
| Q4 25 | 90.4% | — | ||
| Q3 25 | 91.1% | — | ||
| Q2 25 | 91.0% | — | ||
| Q1 25 | 90.7% | -3.2% | ||
| Q4 24 | 90.6% | 10.1% | ||
| Q3 24 | 89.9% | 2.9% | ||
| Q2 24 | 90.4% | 1.2% | ||
| Q1 24 | 89.8% | -1.1% |
营业利润率GRPNIPG
| Q4 25 | 4.9% | — | ||
| Q3 25 | 1.8% | 10.3% | ||
| Q2 25 | 10.4% | 11.2% | ||
| Q1 25 | 1.6% | -2.1% | ||
| Q4 24 | 2.0% | 23.3% | ||
| Q3 24 | -4.9% | 5.9% | ||
| Q2 24 | 3.5% | 13.7% | ||
| Q1 24 | 6.0% | 8.4% |
净利率GRPNIPG
| Q4 25 | 6.0% | — | ||
| Q3 25 | -96.4% | 5.8% | ||
| Q2 25 | 16.2% | 7.5% | ||
| Q1 25 | 6.1% | -4.3% | ||
| Q4 24 | -38.4% | 14.1% | ||
| Q3 24 | 12.2% | 0.9% | ||
| Q2 24 | -8.1% | 9.2% | ||
| Q1 24 | -10.0% | 5.1% |
每股收益（稀释后）GRPNIPG
| Q4 25 | $0.21 | — | ||
| Q3 25 | $-2.92 | $0.34 | ||
| Q2 25 | $0.46 | $0.44 | ||
| Q1 25 | $0.17 | $-0.23 | ||
| Q4 24 | $-1.26 | $0.92 | ||
| Q3 24 | $0.33 | $0.05 | ||
| Q2 24 | $-0.25 | $0.57 | ||
| Q1 24 | $-0.33 | $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 | $296.1M | $1.5B |
| 总债务越低越好 | $342.8M | — |
| 股东权益账面价值 | $-42.6M | $3.7B |
| 总资产 | $670.4M | $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GRPNIPG
| Q4 25 | $296.1M | — | ||
| Q3 25 | $238.5M | $1.5B | ||
| Q2 25 | $262.6M | $1.6B | ||
| Q1 25 | $226.8M | $1.9B | ||
| Q4 24 | $228.8M | $2.2B | ||
| Q3 24 | $159.7M | $1.5B | ||
| Q2 24 | $178.1M | $1.5B | ||
| Q1 24 | $158.7M | $1.9B |
总债务GRPNIPG
| Q4 25 | $342.8M | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | $246.0M | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
股东权益GRPNIPG
| Q4 25 | $-42.6M | — | ||
| Q3 25 | $-59.6M | $3.7B | ||
| Q2 25 | $51.2M | $3.7B | ||
| Q1 25 | $45.5M | $3.6B | ||
| Q4 24 | $40.8M | $3.8B | ||
| Q3 24 | $40.0M | $3.7B | ||
| Q2 24 | $40.2M | $3.8B | ||
| Q1 24 | $41.2M | $3.8B |
总资产GRPNIPG
| Q4 25 | $670.4M | — | ||
| Q3 25 | $608.2M | $17.0B | ||
| Q2 25 | $647.4M | $17.0B | ||
| Q1 25 | $608.2M | $17.1B | ||
| Q4 24 | $612.7M | $18.3B | ||
| Q3 24 | $548.0M | $17.1B | ||
| Q2 24 | $572.8M | $17.0B | ||
| Q1 24 | $580.5M | $17.3B |
负债/权益比GRPNIPG
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 6.03× | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
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 | $56.6M | $180.1M |
| 自由现金流经营现金流 - 资本支出 | $53.0M | $153.6M |
| 自由现金流率自由现金流/营收 | 40.0% | 7.2% |
| 资本支出强度资本支出/营收 | 2.7% | 1.2% |
| 现金转化率经营现金流/净利润 | 7.13× | 1.45× |
| 过去12个月自由现金流最近4个季度 | $49.9M | $806.8M |
8季度趋势，按日历期对齐
经营现金流GRPNIPG
| Q4 25 | $56.6M | — | ||
| Q3 25 | $-20.5M | $180.1M | ||
| Q2 25 | $28.4M | $-96.0M | ||
| Q1 25 | $-22.0K | $-37.0M | ||
| Q4 24 | $67.0M | $868.1M | ||
| Q3 24 | $-16.3M | $223.8M | ||
| Q2 24 | $15.3M | $120.7M | ||
| Q1 24 | $-10.1M | $-157.4M |
自由现金流GRPNIPG
| Q4 25 | $53.0M | — | ||
| Q3 25 | $-24.6M | $153.6M | ||
| Q2 25 | $25.2M | $-121.8M | ||
| Q1 25 | $-3.8M | $-58.5M | ||
| Q4 24 | $63.2M | $833.5M | ||
| Q3 24 | $-19.7M | $186.5M | ||
| Q2 24 | $10.8M | $85.9M | ||
| Q1 24 | $-13.8M | $-192.5M |
自由现金流率GRPNIPG
| Q4 25 | 40.0% | — | ||
| Q3 25 | -20.0% | 7.2% | ||
| Q2 25 | 20.0% | -5.6% | ||
| Q1 25 | -3.2% | -2.9% | ||
| Q4 24 | 48.5% | 34.2% | ||
| Q3 24 | -17.2% | 8.3% | ||
| Q2 24 | 8.7% | 3.7% | ||
| Q1 24 | -11.2% | -8.8% |
资本支出强度GRPNIPG
| Q4 25 | 2.7% | — | ||
| Q3 25 | 3.3% | 1.2% | ||
| Q2 25 | 2.6% | 1.2% | ||
| Q1 25 | 3.2% | 1.1% | ||
| Q4 24 | 2.9% | 1.4% | ||
| Q3 24 | 3.0% | 1.7% | ||
| Q2 24 | 3.6% | 1.5% | ||
| Q1 24 | 3.0% | 1.6% |
现金转化率GRPNIPG
| Q4 25 | 7.13× | — | ||
| Q3 25 | — | 1.45× | ||
| Q2 25 | 1.40× | -0.59× | ||
| Q1 25 | -0.00× | — | ||
| Q4 24 | — | 2.52× | ||
| Q3 24 | -1.17× | 11.13× | ||
| Q2 24 | — | 0.56× | ||
| Q1 24 | — | -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
GRPN
| Service Local | $94.8M | 71% |
| Other | $35.6M | 27% |
| Service Travel | $2.3M | 2% |
IPG
| MDE | $619.0M | 29% |
| IAC | $574.9M | 27% |
| Other | $527.9M | 25% |
| SCE | $413.8M | 19% |
