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埃培智集团（IPG）与Primo Brands Corp（PRMB）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Primo Brands Corp的1.4倍（$2.1B vs $1.6B），埃培智集团净利率更高（5.8% vs -0.8%，领先6.7%），埃培智集团自由现金流更多（$153.6M vs $57.3M）
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。
Primo Brands Corp是一家美加合资饮用水企业，主营多规格桶装水、饮水机、自助补水设备及净水家电，总部位于美国佛罗里达州坦帕市，服务覆盖美国、加拿大、欧洲及以色列的住宅与商业客户。
IPG vs PRMB — 直观对比
营收规模更大
IPG
是对方的1.4倍
$1.6B
净利率更高
IPG
高出6.7%
-0.8%
自由现金流更多
IPG
多$96.3M
$57.3M
损益表 — Q3 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $2.1B | $1.6B |
| 净利润 | $124.2M | $-13.0M |
| 毛利率 | — | 27.7% |
| 营业利润率 | 10.3% | 1.2% |
| 净利率 | 5.8% | -0.8% |
| 营收同比 | -4.8% | — |
| 净利润同比 | 517.9% | — |
| 每股收益（稀释后） | $0.34 | $-0.03 |
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IPGPRMB
| Q4 25 | — | $1.6B | ||
| Q3 25 | $2.1B | $1.8B | ||
| Q2 25 | $2.2B | $1.7B | ||
| Q1 25 | $2.0B | $1.6B | ||
| Q4 24 | $2.4B | — | ||
| Q3 24 | $2.2B | $0 | ||
| Q2 24 | $2.3B | $1.3B | ||
| Q1 24 | $2.2B | $1.1B |
净利润IPGPRMB
| Q4 25 | — | $-13.0M | ||
| Q3 25 | $124.2M | $16.8M | ||
| Q2 25 | $162.5M | $27.6M | ||
| Q1 25 | $-85.4M | $28.7M | ||
| Q4 24 | $344.5M | — | ||
| Q3 24 | $20.1M | $-2.0K | ||
| Q2 24 | $214.5M | $54.5M | ||
| Q1 24 | $110.4M | $33.5M |
毛利率IPGPRMB
| Q4 25 | — | 27.7% | ||
| Q3 25 | — | 29.9% | ||
| Q2 25 | — | 31.3% | ||
| Q1 25 | -3.2% | 32.3% | ||
| Q4 24 | 10.1% | — | ||
| Q3 24 | 2.9% | — | ||
| Q2 24 | 1.2% | 32.7% | ||
| Q1 24 | -1.1% | 30.4% |
营业利润率IPGPRMB
| Q4 25 | — | 1.2% | ||
| Q3 25 | 10.3% | 8.3% | ||
| Q2 25 | 11.2% | 6.5% | ||
| Q1 25 | -2.1% | 9.5% | ||
| Q4 24 | 23.3% | — | ||
| Q3 24 | 5.9% | — | ||
| Q2 24 | 13.7% | 12.1% | ||
| Q1 24 | 8.4% | 11.0% |
净利率IPGPRMB
| Q4 25 | — | -0.8% | ||
| Q3 25 | 5.8% | 1.0% | ||
| Q2 25 | 7.5% | 1.6% | ||
| Q1 25 | -4.3% | 1.8% | ||
| Q4 24 | 14.1% | — | ||
| Q3 24 | 0.9% | — | ||
| Q2 24 | 9.2% | 4.1% | ||
| Q1 24 | 5.1% | 2.9% |
每股收益（稀释后）IPGPRMB
| Q4 25 | — | $-0.03 | ||
| Q3 25 | $0.34 | $0.04 | ||
| Q2 25 | $0.44 | $0.07 | ||
| Q1 25 | $-0.23 | $0.08 | ||
| Q4 24 | $0.92 | — | ||
| Q3 24 | $0.05 | $-20.00 | ||
| Q2 24 | $0.57 | $0.25 | ||
| Q1 24 | $0.29 | $0.15 |
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 | $376.7M |
| 总债务越低越好 | — | $5.2B |
| 股东权益账面价值 | $3.7B | $3.0B |
| 总资产 | $17.0B | $10.6B |
| 负债/权益比越低杠杆越低 | — | 1.72× |
8季度趋势，按日历期对齐
现金及短期投资IPGPRMB
| Q4 25 | — | $376.7M | ||
| Q3 25 | $1.5B | — | ||
| Q2 25 | $1.6B | — | ||
| Q1 25 | $1.9B | — | ||
| Q4 24 | $2.2B | — | ||
| Q3 24 | $1.5B | — | ||
| Q2 24 | $1.5B | — | ||
| Q1 24 | $1.9B | — |
总债务IPGPRMB
| Q4 25 | — | $5.2B | ||
| Q3 25 | — | $5.1B | ||
| Q2 25 | — | $5.1B | ||
| Q1 25 | — | $5.0B | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
股东权益IPGPRMB
| Q4 25 | — | $3.0B | ||
| Q3 25 | $3.7B | $3.2B | ||
| Q2 25 | $3.7B | $3.2B | ||
| Q1 25 | $3.6B | $3.3B | ||
| Q4 24 | $3.8B | — | ||
| Q3 24 | $3.7B | $-2.0K | ||
| Q2 24 | $3.8B | $-296.8M | ||
| Q1 24 | $3.8B | $-349.8M |
总资产IPGPRMB
| Q4 25 | — | $10.6B | ||
| Q3 25 | $17.0B | $11.0B | ||
| Q2 25 | $17.0B | $11.0B | ||
| Q1 25 | $17.1B | $11.0B | ||
| Q4 24 | $18.3B | — | ||
| Q3 24 | $17.1B | $0 | ||
| Q2 24 | $17.0B | — | ||
| Q1 24 | $17.3B | — |
负债/权益比IPGPRMB
| Q4 25 | — | 1.72× | ||
| Q3 25 | — | 1.61× | ||
| Q2 25 | — | 1.57× | ||
| Q1 25 | — | 1.51× | ||
| 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 | $203.1M |
| 自由现金流经营现金流 - 资本支出 | $153.6M | $57.3M |
| 自由现金流率自由现金流/营收 | 7.2% | 3.7% |
| 资本支出强度资本支出/营收 | 1.2% | 9.4% |
| 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 | $302.9M |
8季度趋势，按日历期对齐
经营现金流IPGPRMB
| Q4 25 | — | $203.1M | ||
| Q3 25 | $180.1M | $283.4M | ||
| Q2 25 | $-96.0M | $155.0M | ||
| Q1 25 | $-37.0M | $38.8M | ||
| Q4 24 | $868.1M | — | ||
| Q3 24 | $223.8M | $0 | ||
| Q2 24 | $120.7M | $102.5M | ||
| Q1 24 | $-157.4M | $6.0M |
自由现金流IPGPRMB
| Q4 25 | — | $57.3M | ||
| Q3 25 | $153.6M | $167.7M | ||
| Q2 25 | $-121.8M | $101.1M | ||
| Q1 25 | $-58.5M | $-23.2M | ||
| Q4 24 | $833.5M | — | ||
| Q3 24 | $186.5M | — | ||
| Q2 24 | $85.9M | $61.4M | ||
| Q1 24 | $-192.5M | $-17.5M |
自由现金流率IPGPRMB
| Q4 25 | — | 3.7% | ||
| Q3 25 | 7.2% | 9.5% | ||
| Q2 25 | -5.6% | 5.8% | ||
| Q1 25 | -2.9% | -1.4% | ||
| Q4 24 | 34.2% | — | ||
| Q3 24 | 8.3% | — | ||
| Q2 24 | 3.7% | 4.7% | ||
| Q1 24 | -8.8% | -1.5% |
资本支出强度IPGPRMB
| Q4 25 | — | 9.4% | ||
| Q3 25 | 1.2% | 6.6% | ||
| Q2 25 | 1.2% | 3.1% | ||
| Q1 25 | 1.1% | 3.8% | ||
| Q4 24 | 1.4% | — | ||
| Q3 24 | 1.7% | — | ||
| Q2 24 | 1.5% | 3.1% | ||
| Q1 24 | 1.6% | 2.1% |
现金转化率IPGPRMB
| Q4 25 | — | — | ||
| Q3 25 | 1.45× | 16.87× | ||
| Q2 25 | -0.59× | 5.62× | ||
| Q1 25 | — | 1.35× | ||
| Q4 24 | 2.52× | — | ||
| Q3 24 | 11.13× | — | ||
| Q2 24 | 0.56× | 1.88× | ||
| Q1 24 | -1.43× | 0.18× |
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% |
PRMB
| Regional Spring Water | $765.1M | 49% |
| Purified Water | $484.5M | 31% |
| Other | $188.4M | 12% |
| Premium Water | $90.3M | 6% |
| Other Water | $25.8M | 2% |
