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埃培智集团（IPG）与先锋自然资源公司（PR）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先锋自然资源公司的1.8倍（$2.1B vs $1.2B），先锋自然资源公司净利率更高（29.0% vs 5.8%，领先23.2%），埃培智集团同比增速更快（-4.8% vs -9.8%），过去两年先锋自然资源公司的营收复合增速更高（-3.0% 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。
先锋自然资源公司总部位于美国得克萨斯州欧文市，主要从事油气勘探业务，运营覆盖二叠纪盆地Spraberry产区的克莱恩页岩区块，是该区域最大的土地权益持有方，2024年5月被埃克森美孚收购。
IPG vs PR — 直观对比
营收规模更大
IPG
是对方的1.8倍
$1.2B
营收增速更快
IPG
高出5.0%
-9.8%
净利率更高
PR
高出23.2%
5.8%
两年增速更快
PR
近两年复合增速
-9.1%
损益表 — Q3 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $2.1B | $1.2B |
| 净利润 | $124.2M | $339.5M |
| 毛利率 | — | — |
| 营业利润率 | 10.3% | 23.1% |
| 净利率 | 5.8% | 29.0% |
| 营收同比 | -4.8% | -9.8% |
| 净利润同比 | 517.9% | 56.7% |
| 每股收益（稀释后） | $0.34 | $0.48 |
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IPGPR
| Q4 25 | — | $1.2B | ||
| Q3 25 | $2.1B | $1.3B | ||
| Q2 25 | $2.2B | $1.2B | ||
| Q1 25 | $2.0B | $1.4B | ||
| Q4 24 | $2.4B | $1.3B | ||
| Q3 24 | $2.2B | $1.2B | ||
| Q2 24 | $2.3B | $1.2B | ||
| Q1 24 | $2.2B | $1.2B |
净利润IPGPR
| Q4 25 | — | $339.5M | ||
| Q3 25 | $124.2M | $59.2M | ||
| Q2 25 | $162.5M | $207.1M | ||
| Q1 25 | $-85.4M | $329.3M | ||
| Q4 24 | $344.5M | $216.7M | ||
| Q3 24 | $20.1M | $386.4M | ||
| Q2 24 | $214.5M | $235.1M | ||
| Q1 24 | $110.4M | $146.6M |
毛利率IPGPR
| 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IPGPR
| Q4 25 | — | 23.1% | ||
| Q3 25 | 10.3% | 29.6% | ||
| Q2 25 | 11.2% | 24.8% | ||
| Q1 25 | -2.1% | 36.6% | ||
| Q4 24 | 23.3% | 32.8% | ||
| Q3 24 | 5.9% | 32.5% | ||
| Q2 24 | 13.7% | 36.5% | ||
| Q1 24 | 8.4% | 37.7% |
净利率IPGPR
| Q4 25 | — | 29.0% | ||
| Q3 25 | 5.8% | 4.5% | ||
| Q2 25 | 7.5% | 17.3% | ||
| Q1 25 | -4.3% | 23.9% | ||
| Q4 24 | 14.1% | 16.7% | ||
| Q3 24 | 0.9% | 31.8% | ||
| Q2 24 | 9.2% | 18.9% | ||
| Q1 24 | 5.1% | 11.8% |
每股收益（稀释后）IPGPR
| Q4 25 | — | $0.48 | ||
| Q3 25 | $0.34 | $0.08 | ||
| Q2 25 | $0.44 | $0.28 | ||
| Q1 25 | $-0.23 | $0.44 | ||
| Q4 24 | $0.92 | $0.31 | ||
| Q3 24 | $0.05 | $0.53 | ||
| Q2 24 | $0.57 | $0.36 | ||
| Q1 24 | $0.29 | $0.25 |
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 | $153.7M |
| 总债务越低越好 | — | $3.5B |
| 股东权益账面价值 | $3.7B | $10.3B |
| 总资产 | $17.0B | $17.9B |
| 负债/权益比越低杠杆越低 | — | 0.34× |
8季度趋势，按日历期对齐
现金及短期投资IPGPR
| Q4 25 | — | $153.7M | ||
| Q3 25 | $1.5B | $111.8M | ||
| Q2 25 | $1.6B | $451.0M | ||
| Q1 25 | $1.9B | $702.2M | ||
| Q4 24 | $2.2B | $479.3M | ||
| Q3 24 | $1.5B | $272.0M | ||
| Q2 24 | $1.5B | $47.8M | ||
| Q1 24 | $1.9B | $12.7M |
总债务IPGPR
| Q4 25 | — | $3.5B | ||
| Q3 25 | — | $3.5B | ||
| Q2 25 | — | $4.0B | ||
| Q1 25 | — | $4.0B | ||
| Q4 24 | — | $4.2B | ||
| Q3 24 | — | $4.2B | ||
| Q2 24 | — | $3.9B | ||
| Q1 24 | — | $3.9B |
股东权益IPGPR
| Q4 25 | — | $10.3B | ||
| Q3 25 | $3.7B | $10.0B | ||
| Q2 25 | $3.7B | $9.5B | ||
| Q1 25 | $3.6B | $9.4B | ||
| Q4 24 | $3.8B | $9.1B | ||
| Q3 24 | $3.7B | $9.0B | ||
| Q2 24 | $3.8B | $8.3B | ||
| Q1 24 | $3.8B | $7.0B |
总资产IPGPR
| Q4 25 | — | $17.9B | ||
| Q3 25 | $17.0B | $17.3B | ||
| Q2 25 | $17.0B | $17.5B | ||
| Q1 25 | $17.1B | $17.1B | ||
| Q4 24 | $18.3B | $16.9B | ||
| Q3 24 | $17.1B | $16.6B | ||
| Q2 24 | $17.0B | $15.4B | ||
| Q1 24 | $17.3B | $15.1B |
负债/权益比IPGPR
| Q4 25 | — | 0.34× | ||
| Q3 25 | — | 0.35× | ||
| Q2 25 | — | 0.42× | ||
| Q1 25 | — | 0.43× | ||
| Q4 24 | — | 0.46× | ||
| Q3 24 | — | 0.47× | ||
| Q2 24 | — | 0.46× | ||
| Q1 24 | — | 0.56× |
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 | $904.3M |
| 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 | 1.45× | 2.66× |
| 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IPGPR
| Q4 25 | — | $904.3M | ||
| Q3 25 | $180.1M | $766.5M | ||
| Q2 25 | $-96.0M | $1.0B | ||
| Q1 25 | $-37.0M | $898.0M | ||
| Q4 24 | $868.1M | $871.6M | ||
| Q3 24 | $223.8M | $954.4M | ||
| Q2 24 | $120.7M | $938.4M | ||
| Q1 24 | $-157.4M | $647.6M |
自由现金流IPGPR
| Q4 25 | — | — | ||
| 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 | — |
自由现金流率IPGPR
| Q4 25 | — | — | ||
| 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% | — |
资本支出强度IPGPR
| Q4 25 | — | — | ||
| 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% | — |
现金转化率IPGPR
| Q4 25 | — | 2.66× | ||
| Q3 25 | 1.45× | 12.94× | ||
| Q2 25 | -0.59× | 5.01× | ||
| Q1 25 | — | 2.73× | ||
| Q4 24 | 2.52× | 4.02× | ||
| Q3 24 | 11.13× | 2.47× | ||
| Q2 24 | 0.56× | 3.99× | ||
| Q1 24 | -1.43× | 4.42× |
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% |
PR
| Crude Oil | $1.0B | 87% |
| Natural Gas Liquids Reserves | $145.1M | 12% |
