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埃培智集团（IPG）与麦格劳希尔（MH）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麦格劳希尔的4.9倍（$2.1B vs $434.2M）。埃培智集团净利率更高（5.8% vs -4.7%，领先10.5%）。埃培智集团同比增速更快（-4.8% vs -35.1%）。麦格劳希尔自由现金流更多（$285.4M vs $153.6M）
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。
麦格劳希尔是美国知名教育科技企业，面向K12、高等教育及职业领域的师生提供多元教育内容、软件与服务。核心产品包含教材、数字学习工具及自适应技术，助力优化学习体验、提升学习效果，是与霍顿米夫林哈考特、培生教育齐名的全球三大教育出版商之一。
IPG vs MH — 直观对比
营收规模更大
IPG
是对方的4.9倍
$434.2M
营收增速更快
IPG
高出30.3%
-35.1%
净利率更高
IPG
高出10.5%
-4.7%
自由现金流更多
MH
多$131.8M
$153.6M
损益表 — Q3 2025 vs Q3 2026
| 指标 | | |
|---|---|---|
| 营收 | $2.1B | $434.2M |
| 净利润 | $124.2M | $-20.2M |
| 毛利率 | — | 85.3% |
| 营业利润率 | 10.3% | 7.0% |
| 净利率 | 5.8% | -4.7% |
| 营收同比 | -4.8% | -35.1% |
| 净利润同比 | 517.9% | -119.2% |
| 每股收益（稀释后） | $0.34 | $-0.11 |
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IPGMH
| Q4 25 | — | $434.2M | ||
| Q3 25 | $2.1B | $669.2M | ||
| Q2 25 | $2.2B | $535.7M | ||
| Q1 25 | $2.0B | — | ||
| Q4 24 | $2.4B | — | ||
| Q3 24 | $2.2B | — | ||
| Q2 24 | $2.3B | — | ||
| Q1 24 | $2.2B | — |
净利润IPGMH
| Q4 25 | — | $-20.2M | ||
| Q3 25 | $124.2M | $105.3M | ||
| Q2 25 | $162.5M | $502.0K | ||
| Q1 25 | $-85.4M | — | ||
| Q4 24 | $344.5M | — | ||
| Q3 24 | $20.1M | — | ||
| Q2 24 | $214.5M | — | ||
| Q1 24 | $110.4M | — |
毛利率IPGMH
| Q4 25 | — | 85.3% | ||
| Q3 25 | — | 79.2% | ||
| Q2 25 | — | 77.0% | ||
| Q1 25 | -3.2% | — | ||
| Q4 24 | 10.1% | — | ||
| Q3 24 | 2.9% | — | ||
| Q2 24 | 1.2% | — | ||
| Q1 24 | -1.1% | — |
营业利润率IPGMH
| Q4 25 | — | 7.0% | ||
| Q3 25 | 10.3% | 23.4% | ||
| Q2 25 | 11.2% | 18.0% | ||
| Q1 25 | -2.1% | — | ||
| Q4 24 | 23.3% | — | ||
| Q3 24 | 5.9% | — | ||
| Q2 24 | 13.7% | — | ||
| Q1 24 | 8.4% | — |
净利率IPGMH
| Q4 25 | — | -4.7% | ||
| Q3 25 | 5.8% | 15.7% | ||
| Q2 25 | 7.5% | 0.1% | ||
| Q1 25 | -4.3% | — | ||
| Q4 24 | 14.1% | — | ||
| Q3 24 | 0.9% | — | ||
| Q2 24 | 9.2% | — | ||
| Q1 24 | 5.1% | — |
每股收益（稀释后）IPGMH
| Q4 25 | — | $-0.11 | ||
| Q3 25 | $0.34 | $0.57 | ||
| Q2 25 | $0.44 | $0.00 | ||
| Q1 25 | $-0.23 | — | ||
| Q4 24 | $0.92 | — | ||
| Q3 24 | $0.05 | — | ||
| Q2 24 | $0.57 | — | ||
| Q1 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 | $1.5B | $514.4M |
| 总债务越低越好 | — | $2.6B |
| 股东权益账面价值 | $3.7B | $775.3M |
| 总资产 | $17.0B | $5.6B |
| 负债/权益比越低杠杆越低 | — | 3.36× |
8季度趋势，按日历期对齐
现金及短期投资IPGMH
| Q4 25 | — | $514.4M | ||
| Q3 25 | $1.5B | $463.2M | ||
| Q2 25 | $1.6B | $247.3M | ||
| Q1 25 | $1.9B | — | ||
| Q4 24 | $2.2B | — | ||
| Q3 24 | $1.5B | — | ||
| Q2 24 | $1.5B | — | ||
| Q1 24 | $1.9B | — |
总债务IPGMH
| Q4 25 | — | $2.6B | ||
| Q3 25 | — | $2.8B | ||
| Q2 25 | — | $3.2B | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
股东权益IPGMH
| Q4 25 | — | $775.3M | ||
| Q3 25 | $3.7B | $794.6M | ||
| Q2 25 | $3.7B | $283.3M | ||
| Q1 25 | $3.6B | — | ||
| Q4 24 | $3.8B | — | ||
| Q3 24 | $3.7B | — | ||
| Q2 24 | $3.8B | — | ||
| Q1 24 | $3.8B | — |
总资产IPGMH
| Q4 25 | — | $5.6B | ||
| Q3 25 | $17.0B | $6.0B | ||
| Q2 25 | $17.0B | $5.7B | ||
| Q1 25 | $17.1B | — | ||
| Q4 24 | $18.3B | — | ||
| Q3 24 | $17.1B | — | ||
| Q2 24 | $17.0B | — | ||
| Q1 24 | $17.3B | — |
负债/权益比IPGMH
| Q4 25 | — | 3.36× | ||
| Q3 25 | — | 3.52× | ||
| Q2 25 | — | 11.17× | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| 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 | $180.1M | $309.0M |
| 自由现金流经营现金流 - 资本支出 | $153.6M | $285.4M |
| 自由现金流率自由现金流/营收 | 7.2% | 65.7% |
| 资本支出强度资本支出/营收 | 1.2% | 5.4% |
| 现金转化率经营现金流/净利润 | 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IPGMH
| Q4 25 | — | $309.0M | ||
| Q3 25 | $180.1M | $265.0M | ||
| Q2 25 | $-96.0M | $-96.7M | ||
| Q1 25 | $-37.0M | — | ||
| Q4 24 | $868.1M | — | ||
| Q3 24 | $223.8M | — | ||
| Q2 24 | $120.7M | — | ||
| Q1 24 | $-157.4M | — |
自由现金流IPGMH
| Q4 25 | — | $285.4M | ||
| Q3 25 | $153.6M | $243.8M | ||
| Q2 25 | $-121.8M | $-112.9M | ||
| Q1 25 | $-58.5M | — | ||
| Q4 24 | $833.5M | — | ||
| Q3 24 | $186.5M | — | ||
| Q2 24 | $85.9M | — | ||
| Q1 24 | $-192.5M | — |
自由现金流率IPGMH
| Q4 25 | — | 65.7% | ||
| Q3 25 | 7.2% | 36.4% | ||
| Q2 25 | -5.6% | -21.1% | ||
| Q1 25 | -2.9% | — | ||
| Q4 24 | 34.2% | — | ||
| Q3 24 | 8.3% | — | ||
| Q2 24 | 3.7% | — | ||
| Q1 24 | -8.8% | — |
资本支出强度IPGMH
| Q4 25 | — | 5.4% | ||
| Q3 25 | 1.2% | 3.2% | ||
| Q2 25 | 1.2% | 3.0% | ||
| Q1 25 | 1.1% | — | ||
| Q4 24 | 1.4% | — | ||
| Q3 24 | 1.7% | — | ||
| Q2 24 | 1.5% | — | ||
| Q1 24 | 1.6% | — |
现金转化率IPGMH
| Q4 25 | — | — | ||
| Q3 25 | 1.45× | 2.52× | ||
| Q2 25 | -0.59× | -192.53× | ||
| Q1 25 | — | — | ||
| Q4 24 | 2.52× | — | ||
| Q3 24 | 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
IPG
| MDE | $619.0M | 29% |
| IAC | $574.9M | 27% |
| Other | $527.9M | 25% |
| SCE | $413.8M | 19% |
MH
| Higher Education | $225.4M | 52% |
| Digital | $103.5M | 24% |
| Other | $44.4M | 10% |
| Global Professional | $36.2M | 8% |
| $24.7M | 6% |
