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埃培智集团（IPG）与Raymond James Financial（RJF）财务数据对比。点击上方公司名可切换其他公司
Raymond James Financial的季度营收约是埃培智集团的1.8倍（$3.9B vs $2.1B），Raymond James Financial净利率更高（14.1% vs 5.8%，领先8.3%），Raymond James Financial同比增速更快（13.0% vs -4.8%），过去两年Raymond James Financial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。
雷蒙德詹姆斯金融是美国跨国独立投资银行及金融服务机构，通过旗下子公司为个人、企业及市政主体提供多元金融服务，核心业务覆盖投资与财务规划、投资银行、资产管理等领域，总部位于美国佛罗里达州圣彼得堡。
IPG vs RJF — 直观对比
营收规模更大
RJF
是对方的1.8倍
$2.1B
营收增速更快
RJF
高出17.8%
-4.8%
净利率更高
RJF
高出8.3%
5.8%
两年增速更快
RJF
近两年复合增速
-9.1%
损益表 — Q3 FY2025 vs Q2 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $2.1B | $3.9B |
| 净利润 | $124.2M | $544.0M |
| 毛利率 | — | — |
| 营业利润率 | 10.3% | — |
| 净利率 | 5.8% | 14.1% |
| 营收同比 | -4.8% | 13.0% |
| 净利润同比 | 517.9% | 10.0% |
| 每股收益（稀释后） | $0.34 | $2.83 |
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IPGRJF
| Q1 26 | — | $3.9B | ||
| Q4 25 | — | $4.2B | ||
| Q3 25 | $2.1B | $4.2B | ||
| Q2 25 | $2.2B | $3.8B | ||
| Q1 25 | $2.0B | $3.8B | ||
| Q4 24 | $2.4B | $4.0B | ||
| Q3 24 | $2.2B | $4.0B | ||
| Q2 24 | $2.3B | $3.8B |
净利润IPGRJF
| Q1 26 | — | $544.0M | ||
| Q4 25 | — | $563.0M | ||
| Q3 25 | $124.2M | $604.0M | ||
| Q2 25 | $162.5M | $436.0M | ||
| Q1 25 | $-85.4M | $495.0M | ||
| Q4 24 | $344.5M | $600.0M | ||
| Q3 24 | $20.1M | $602.0M | ||
| Q2 24 | $214.5M | $492.0M |
毛利率IPGRJF
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | -3.2% | — | ||
| Q4 24 | 10.1% | — | ||
| Q3 24 | 2.9% | — | ||
| Q2 24 | 1.2% | — |
营业利润率IPGRJF
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | 10.3% | — | ||
| Q2 25 | 11.2% | 14.7% | ||
| Q1 25 | -2.1% | 17.5% | ||
| Q4 24 | 23.3% | 18.6% | ||
| Q3 24 | 5.9% | — | ||
| Q2 24 | 13.7% | 17.1% |
净利率IPGRJF
| Q1 26 | — | 14.1% | ||
| Q4 25 | — | 13.5% | ||
| Q3 25 | 5.8% | 14.4% | ||
| Q2 25 | 7.5% | 11.3% | ||
| Q1 25 | -4.3% | 12.9% | ||
| Q4 24 | 14.1% | 14.9% | ||
| Q3 24 | 0.9% | 15.0% | ||
| Q2 24 | 9.2% | 13.1% |
每股收益（稀释后）IPGRJF
| Q1 26 | — | $2.83 | ||
| Q4 25 | — | $2.79 | ||
| Q3 25 | $0.34 | $2.96 | ||
| Q2 25 | $0.44 | $2.12 | ||
| Q1 25 | $-0.23 | $2.36 | ||
| Q4 24 | $0.92 | $2.86 | ||
| Q3 24 | $0.05 | $2.85 | ||
| Q2 24 | $0.57 | $2.31 |
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 | $5.4B |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $3.7B | $52.0M |
| 总资产 | $17.0B | $91.9B |
| 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IPGRJF
| Q1 26 | — | $5.4B | ||
| Q4 25 | — | $9.9B | ||
| Q3 25 | $1.5B | $11.4B | ||
| Q2 25 | $1.6B | $9.2B | ||
| Q1 25 | $1.9B | $9.7B | ||
| Q4 24 | $2.2B | $10.0B | ||
| Q3 24 | $1.5B | $11.0B | ||
| Q2 24 | $1.5B | $9.1B |
股东权益IPGRJF
| Q1 26 | — | $52.0M | ||
| Q4 25 | — | $12.6B | ||
| Q3 25 | $3.7B | $12.5B | ||
| Q2 25 | $3.7B | $12.3B | ||
| Q1 25 | $3.6B | $12.2B | ||
| Q4 24 | $3.8B | $11.9B | ||
| Q3 24 | $3.7B | $11.7B | ||
| Q2 24 | $3.8B | $11.2B |
总资产IPGRJF
| Q1 26 | — | $91.9B | ||
| Q4 25 | — | $88.8B | ||
| Q3 25 | $17.0B | $88.2B | ||
| Q2 25 | $17.0B | $84.8B | ||
| Q1 25 | $17.1B | $83.1B | ||
| Q4 24 | $18.3B | $82.3B | ||
| Q3 24 | $17.1B | $83.0B | ||
| Q2 24 | $17.0B | $80.6B |
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 | — |
| 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× | — |
| 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IPGRJF
| Q1 26 | — | — | ||
| Q4 25 | — | $-10.0M | ||
| Q3 25 | $180.1M | $796.0M | ||
| Q2 25 | $-96.0M | $691.0M | ||
| Q1 25 | $-37.0M | $117.0M | ||
| Q4 24 | $868.1M | $830.0M | ||
| Q3 24 | $223.8M | $510.0M | ||
| Q2 24 | $120.7M | $711.0M |
自由现金流IPGRJF
| Q1 26 | — | — | ||
| Q4 25 | — | $-56.0M | ||
| Q3 25 | $153.6M | $752.0M | ||
| Q2 25 | $-121.8M | $634.0M | ||
| Q1 25 | $-58.5M | $71.0M | ||
| Q4 24 | $833.5M | $789.0M | ||
| Q3 24 | $186.5M | $460.0M | ||
| Q2 24 | $85.9M | $655.0M |
自由现金流率IPGRJF
| Q1 26 | — | — | ||
| Q4 25 | — | -1.3% | ||
| Q3 25 | 7.2% | 17.9% | ||
| Q2 25 | -5.6% | 16.5% | ||
| Q1 25 | -2.9% | 1.8% | ||
| Q4 24 | 34.2% | 19.6% | ||
| Q3 24 | 8.3% | 11.5% | ||
| Q2 24 | 3.7% | 17.4% |
资本支出强度IPGRJF
| Q1 26 | — | — | ||
| Q4 25 | — | 1.1% | ||
| Q3 25 | 1.2% | 1.1% | ||
| Q2 25 | 1.2% | 1.5% | ||
| Q1 25 | 1.1% | 1.2% | ||
| Q4 24 | 1.4% | 1.0% | ||
| Q3 24 | 1.7% | 1.2% | ||
| Q2 24 | 1.5% | 1.5% |
现金转化率IPGRJF
| Q1 26 | — | — | ||
| Q4 25 | — | -0.02× | ||
| Q3 25 | 1.45× | 1.32× | ||
| Q2 25 | -0.59× | 1.58× | ||
| Q1 25 | — | 0.24× | ||
| Q4 24 | 2.52× | 1.38× | ||
| Q3 24 | 11.13× | 0.85× | ||
| Q2 24 | 0.56× | 1.45× |
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% |
RJF
| Private Client Group | $2.8B | 73% |
| Bank | $486.0M | 13% |
| Capital Markets | $464.0M | 12% |
| Other | $99.0M | 3% |
