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埃培智集团（IPG）与新闻集团（NWSA）财务数据对比。点击上方公司名可切换其他公司
新闻集团的季度营收约是埃培智集团的1.1倍（$2.4B vs $2.1B），新闻集团净利率更高（8.2% vs 5.8%，领先2.4%），新闻集团同比增速更快（5.5% vs -4.8%），埃培智集团自由现金流更多（$153.6M vs $132.0M），过去两年新闻集团的营收复合增速更高（-1.3% vs -9.1%）
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。
新闻集团是全球知名的媒体集团，旗下拥有报纸、出版、数字媒体等多项媒体业务，在全球传媒领域拥有广泛影响力，专注于为受众提供及时多元的时事资讯与内容服务。
IPG vs NWSA — 直观对比
营收规模更大
NWSA
是对方的1.1倍
$2.1B
营收增速更快
NWSA
高出10.3%
-4.8%
净利率更高
NWSA
高出2.4%
5.8%
自由现金流更多
IPG
多$21.6M
$132.0M
两年增速更快
NWSA
近两年复合增速
-9.1%
损益表 — Q3 FY2025 vs Q2 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $2.1B | $2.4B |
| 净利润 | $124.2M | $193.0M |
| 毛利率 | — | — |
| 营业利润率 | 10.3% | — |
| 净利率 | 5.8% | 8.2% |
| 营收同比 | -4.8% | 5.5% |
| 净利润同比 | 517.9% | -10.2% |
| 每股收益（稀释后） | $0.34 | $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IPGNWSA
| Q4 25 | — | $2.4B | ||
| Q3 25 | $2.1B | $2.1B | ||
| Q2 25 | $2.2B | $1.6B | ||
| Q1 25 | $2.0B | $2.0B | ||
| Q4 24 | $2.4B | $2.2B | ||
| Q3 24 | $2.2B | $2.6B | ||
| Q2 24 | $2.3B | $2.6B | ||
| Q1 24 | $2.2B | $2.4B |
净利润IPGNWSA
| Q4 25 | — | $193.0M | ||
| Q3 25 | $124.2M | $112.0M | ||
| Q2 25 | $162.5M | $743.0M | ||
| Q1 25 | $-85.4M | $103.0M | ||
| Q4 24 | $344.5M | $215.0M | ||
| Q3 24 | $20.1M | $119.0M | ||
| Q2 24 | $214.5M | $50.0M | ||
| Q1 24 | $110.4M | $30.0M |
毛利率IPGNWSA
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| 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IPGNWSA
| Q4 25 | — | — | ||
| Q3 25 | 10.3% | — | ||
| Q2 25 | 11.2% | 8.5% | ||
| Q1 25 | -2.1% | 7.5% | ||
| Q4 24 | 23.3% | 19.2% | ||
| Q3 24 | 5.9% | 7.9% | ||
| Q2 24 | 13.7% | 4.3% | ||
| Q1 24 | 8.4% | 2.6% |
净利率IPGNWSA
| Q4 25 | — | 8.2% | ||
| Q3 25 | 5.8% | 5.2% | ||
| Q2 25 | 7.5% | 45.6% | ||
| Q1 25 | -4.3% | 5.1% | ||
| Q4 24 | 14.1% | 9.6% | ||
| Q3 24 | 0.9% | 4.6% | ||
| Q2 24 | 9.2% | 1.9% | ||
| Q1 24 | 5.1% | 1.2% |
每股收益（稀释后）IPGNWSA
| Q4 25 | — | $0.34 | ||
| Q3 25 | $0.34 | $0.20 | ||
| Q2 25 | $0.44 | $1.30 | ||
| Q1 25 | $-0.23 | $0.18 | ||
| Q4 24 | $0.92 | $0.38 | ||
| Q3 24 | $0.05 | $0.21 | ||
| Q2 24 | $0.57 | $0.09 | ||
| Q1 24 | $0.29 | $0.05 |
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 | $2.1B |
| 总债务越低越好 | — | $2.0B |
| 股东权益账面价值 | $3.7B | $8.8B |
| 总资产 | $17.0B | $15.5B |
| 负债/权益比越低杠杆越低 | — | 0.22× |
8季度趋势，按日历期对齐
现金及短期投资IPGNWSA
| Q4 25 | — | $2.1B | ||
| Q3 25 | $1.5B | $2.2B | ||
| Q2 25 | $1.6B | $2.4B | ||
| Q1 25 | $1.9B | $2.1B | ||
| Q4 24 | $2.2B | $1.8B | ||
| Q3 24 | $1.5B | $1.8B | ||
| Q2 24 | $1.5B | $2.0B | ||
| Q1 24 | $1.9B | $1.9B |
总债务IPGNWSA
| Q4 25 | — | $2.0B | ||
| Q3 25 | — | $2.0B | ||
| Q2 25 | — | $2.0B | ||
| Q1 25 | — | $2.0B | ||
| Q4 24 | — | $2.0B | ||
| Q3 24 | — | $2.9B | ||
| Q2 24 | — | $2.9B | ||
| Q1 24 | — | $2.9B |
股东权益IPGNWSA
| Q4 25 | — | $8.8B | ||
| Q3 25 | $3.7B | $8.7B | ||
| Q2 25 | $3.7B | $8.8B | ||
| Q1 25 | $3.6B | $8.2B | ||
| Q4 24 | $3.8B | $8.1B | ||
| Q3 24 | $3.7B | $8.3B | ||
| Q2 24 | $3.8B | $8.1B | ||
| Q1 24 | $3.8B | $8.1B |
总资产IPGNWSA
| Q4 25 | — | $15.5B | ||
| Q3 25 | $17.0B | $15.3B | ||
| Q2 25 | $17.0B | $15.5B | ||
| Q1 25 | $17.1B | $16.6B | ||
| Q4 24 | $18.3B | $16.2B | ||
| Q3 24 | $17.1B | $16.9B | ||
| Q2 24 | $17.0B | $16.7B | ||
| Q1 24 | $17.3B | $16.5B |
负债/权益比IPGNWSA
| Q4 25 | — | 0.22× | ||
| Q3 25 | — | 0.22× | ||
| Q2 25 | — | 0.22× | ||
| Q1 25 | — | 0.24× | ||
| Q4 24 | — | 0.24× | ||
| Q3 24 | — | 0.35× | ||
| Q2 24 | — | 0.36× | ||
| Q1 24 | — | 0.36× |
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 | $231.0M |
| 自由现金流经营现金流 - 资本支出 | $153.6M | $132.0M |
| 自由现金流率自由现金流/营收 | 7.2% | 5.6% |
| 资本支出强度资本支出/营收 | 1.2% | 4.2% |
| 现金转化率经营现金流/净利润 | 1.45× | 1.20× |
| 过去12个月自由现金流最近4个季度 | $806.8M | $586.0M |
8季度趋势，按日历期对齐
经营现金流IPGNWSA
| Q4 25 | — | $231.0M | ||
| Q3 25 | $180.1M | $85.0M | ||
| Q2 25 | $-96.0M | $189.0M | ||
| Q1 25 | $-37.0M | $511.0M | ||
| Q4 24 | $868.1M | $252.0M | ||
| Q3 24 | $223.8M | $64.0M | ||
| Q2 24 | $120.7M | $254.0M | ||
| Q1 24 | $-157.4M | $539.0M |
自由现金流IPGNWSA
| Q4 25 | — | $132.0M | ||
| Q3 25 | $153.6M | $4.0M | ||
| Q2 25 | $-121.8M | $32.0M | ||
| Q1 25 | $-58.5M | $418.0M | ||
| Q4 24 | $833.5M | $190.0M | ||
| Q3 24 | $186.5M | $-31.0M | ||
| Q2 24 | $85.9M | $111.0M | ||
| Q1 24 | $-192.5M | $422.0M |
自由现金流率IPGNWSA
| Q4 25 | — | 5.6% | ||
| Q3 25 | 7.2% | 0.2% | ||
| Q2 25 | -5.6% | 2.0% | ||
| Q1 25 | -2.9% | 20.8% | ||
| Q4 24 | 34.2% | 8.5% | ||
| Q3 24 | 8.3% | -1.2% | ||
| Q2 24 | 3.7% | 4.3% | ||
| Q1 24 | -8.8% | 17.4% |
资本支出强度IPGNWSA
| Q4 25 | — | 4.2% | ||
| Q3 25 | 1.2% | 3.8% | ||
| Q2 25 | 1.2% | 9.6% | ||
| Q1 25 | 1.1% | 4.6% | ||
| Q4 24 | 1.4% | 2.8% | ||
| Q3 24 | 1.7% | 3.7% | ||
| Q2 24 | 1.5% | 5.5% | ||
| Q1 24 | 1.6% | 4.8% |
现金转化率IPGNWSA
| Q4 25 | — | 1.20× | ||
| Q3 25 | 1.45× | 0.76× | ||
| Q2 25 | -0.59× | 0.25× | ||
| Q1 25 | — | 4.96× | ||
| Q4 24 | 2.52× | 1.17× | ||
| Q3 24 | 11.13× | 0.54× | ||
| Q2 24 | 0.56× | 5.08× | ||
| Q1 24 | -1.43× | 17.97× |
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% |
NWSA
| Book Publishing Segment | $633.0M | 27% |
| Consumer | $607.0M | 26% |
| News And Information Services Segment | $570.0M | 24% |
| Real Estate | $401.0M | 17% |
| Other Product Or Service | $173.0M | 7% |
