vs
埃培智集团（IPG）与学乐集团（SCHL）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学乐集团的3.9倍（$2.1B vs $551.1M）。学乐集团净利率更高（10.1% vs 5.8%，领先4.3%）。学乐集团同比增速更快（1.2% vs -4.8%）。过去两年学乐集团的营收复合增速更高（30.5% 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。
学乐集团是美国跨国出版教育传媒企业，面向学校、教师、家长、儿童及各类教育机构出版发行图书、漫画与各类教育素材。产品通过零售、线上渠道销售，同时还通过校园阅读俱乐部与书展进入校园，大红狗克利福德是集团的官方吉祥物。
IPG vs SCHL — 直观对比
营收规模更大
IPG
是对方的3.9倍
$551.1M
营收增速更快
SCHL
高出6.0%
-4.8%
净利率更高
SCHL
高出4.3%
5.8%
两年增速更快
SCHL
近两年复合增速
-9.1%
损益表 — Q3 2025 vs Q2 2026
| 指标 | | |
|---|---|---|
| 营收 | $2.1B | $551.1M |
| 净利润 | $124.2M | $55.9M |
| 毛利率 | — | 59.1% |
| 营业利润率 | 10.3% | 15.0% |
| 净利率 | 5.8% | 10.1% |
| 营收同比 | -4.8% | 1.2% |
| 净利润同比 | 517.9% | 14.5% |
| 每股收益（稀释后） | $0.34 | $2.17 |
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IPGSCHL
| Q4 25 | — | $551.1M | ||
| Q3 25 | $2.1B | $225.6M | ||
| Q2 25 | $2.2B | $508.3M | ||
| Q1 25 | $2.0B | $335.4M | ||
| Q4 24 | $2.4B | $544.6M | ||
| Q3 24 | $2.2B | $237.2M | ||
| Q2 24 | $2.3B | $474.9M | ||
| Q1 24 | $2.2B | $323.7M |
净利润IPGSCHL
| Q4 25 | — | $55.9M | ||
| Q3 25 | $124.2M | $-71.1M | ||
| Q2 25 | $162.5M | $15.4M | ||
| Q1 25 | $-85.4M | $-3.6M | ||
| Q4 24 | $344.5M | $48.8M | ||
| Q3 24 | $20.1M | $-62.5M | ||
| Q2 24 | $214.5M | $35.9M | ||
| Q1 24 | $110.4M | $-26.5M |
毛利率IPGSCHL
| Q4 25 | — | 59.1% | ||
| Q3 25 | — | 45.3% | ||
| Q2 25 | — | 59.2% | ||
| Q1 25 | -3.2% | 53.9% | ||
| Q4 24 | 10.1% | 58.0% | ||
| Q3 24 | 2.9% | 45.9% | ||
| Q2 24 | 1.2% | 59.5% | ||
| Q1 24 | -1.1% | 54.1% |
营业利润率IPGSCHL
| Q4 25 | — | 15.0% | ||
| Q3 25 | 10.3% | -40.9% | ||
| Q2 25 | 11.2% | 10.5% | ||
| Q1 25 | -2.1% | -7.1% | ||
| Q4 24 | 23.3% | 13.7% | ||
| Q3 24 | 5.9% | -37.3% | ||
| Q2 24 | 13.7% | 9.9% | ||
| Q1 24 | 8.4% | -10.8% |
净利率IPGSCHL
| Q4 25 | — | 10.1% | ||
| Q3 25 | 5.8% | -31.5% | ||
| Q2 25 | 7.5% | 3.0% | ||
| Q1 25 | -4.3% | -1.1% | ||
| Q4 24 | 14.1% | 9.0% | ||
| Q3 24 | 0.9% | -26.3% | ||
| Q2 24 | 9.2% | 7.6% | ||
| Q1 24 | 5.1% | -8.2% |
每股收益（稀释后）IPGSCHL
| Q4 25 | — | $2.17 | ||
| Q3 25 | $0.34 | $-2.83 | ||
| Q2 25 | $0.44 | $0.56 | ||
| Q1 25 | $-0.23 | $-0.13 | ||
| Q4 24 | $0.92 | $1.71 | ||
| Q3 24 | $0.05 | $-2.21 | ||
| Q2 24 | $0.57 | $1.21 | ||
| Q1 24 | $0.29 | $-0.91 |
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 | $99.3M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $3.7B | $931.2M |
| 总资产 | $17.0B | $2.0B |
| 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IPGSCHL
| Q4 25 | — | $99.3M | ||
| Q3 25 | $1.5B | $94.3M | ||
| Q2 25 | $1.6B | $124.0M | ||
| Q1 25 | $1.9B | $94.7M | ||
| Q4 24 | $2.2B | $139.6M | ||
| Q3 24 | $1.5B | $84.1M | ||
| Q2 24 | $1.5B | $113.7M | ||
| Q1 24 | $1.9B | $110.4M |
总债务IPGSCHL
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | $231.1M | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
股东权益IPGSCHL
| Q4 25 | — | $931.2M | ||
| Q3 25 | $3.7B | $878.0M | ||
| Q2 25 | $3.7B | $946.5M | ||
| Q1 25 | $3.6B | $941.3M | ||
| Q4 24 | $3.8B | $986.0M | ||
| Q3 24 | $3.7B | $957.3M | ||
| Q2 24 | $3.8B | $1.0B | ||
| Q1 24 | $3.8B | $997.6M |
总资产IPGSCHL
| Q4 25 | — | $2.0B | ||
| Q3 25 | $17.0B | $2.0B | ||
| Q2 25 | $17.0B | $2.0B | ||
| Q1 25 | $17.1B | $2.0B | ||
| Q4 24 | $18.3B | $2.0B | ||
| Q3 24 | $17.1B | $2.0B | ||
| Q2 24 | $17.0B | $1.7B | ||
| Q1 24 | $17.3B | $1.7B |
负债/权益比IPGSCHL
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 0.24× | ||
| 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 | $73.2M |
| 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× | 1.31× |
| 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IPGSCHL
| Q4 25 | — | $73.2M | ||
| Q3 25 | $180.1M | $-81.8M | ||
| Q2 25 | $-96.0M | $106.9M | ||
| Q1 25 | $-37.0M | $-12.0M | ||
| Q4 24 | $868.1M | $71.2M | ||
| Q3 24 | $223.8M | $-41.9M | ||
| Q2 24 | $120.7M | $69.9M | ||
| Q1 24 | $-157.4M | $13.1M |
自由现金流IPGSCHL
| 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IPGSCHL
| 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IPGSCHL
| 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IPGSCHL
| Q4 25 | — | 1.31× | ||
| Q3 25 | 1.45× | — | ||
| Q2 25 | -0.59× | 6.94× | ||
| Q1 25 | — | — | ||
| Q4 24 | 2.52× | 1.46× | ||
| Q3 24 | 11.13× | — | ||
| Q2 24 | 0.56× | 1.95× | ||
| 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% |
SCHL
| Book Fairs | $242.0M | 44% |
| Trade US | $102.9M | 19% |
| Major Markets | $78.3M | 14% |
| Education Solutions | $62.2M | 11% |
| Book Clubs | $28.5M | 5% |
| Entertainment International | $13.5M | 2% |
| Other Markets | $11.2M | 2% |
| Trade International | $7.5M | 1% |
| Entertainment U.S. | $1.6M | 0% |
