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埃培智集团（IPG）与Stran & Company, Inc.（SWAG）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Stran & Company, Inc.的73.8倍（$2.1B vs $28.9M）。埃培智集团净利率更高（5.8% vs 0.8%，领先5.0%）。Stran & Company, Inc.同比增速更快（7.2% vs -4.8%）。埃培智集团自由现金流更多（$153.6M vs $38.0K）。过去两年Stran & Company, Inc.的营收复合增速更高（24.0% 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。
Stran & Company, Inc.是品牌促销产品、定制周边及一体化营销解决方案供应商，服务覆盖零售、医疗、科技、教育等领域企业客户，助力客户开展品牌宣传、用户运营及员工激励相关工作。
IPG vs SWAG — 直观对比
营收规模更大
IPG
是对方的73.8倍
$28.9M
营收增速更快
SWAG
高出12.0%
-4.8%
净利率更高
IPG
高出5.0%
0.8%
自由现金流更多
IPG
多$153.6M
$38.0K
两年增速更快
SWAG
近两年复合增速
-9.1%
损益表 — Q3 2025 vs Q4 2025
| 指标 | | |
|---|---|---|
| 营收 | $2.1B | $28.9M |
| 净利润 | $124.2M | $243.0K |
| 毛利率 | — | 30.4% |
| 营业利润率 | 10.3% | -0.1% |
| 净利率 | 5.8% | 0.8% |
| 营收同比 | -4.8% | 7.2% |
| 净利润同比 | 517.9% | 141.5% |
| 每股收益（稀释后） | $0.34 | $0.02 |
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IPGSWAG
| Q4 25 | — | $28.9M | ||
| Q3 25 | $2.1B | $26.0M | ||
| Q2 25 | $2.2B | $32.6M | ||
| Q1 25 | $2.0B | $28.7M | ||
| Q4 24 | $2.4B | $27.0M | ||
| Q3 24 | $2.2B | $20.1M | ||
| Q2 24 | $2.3B | $16.7M | ||
| Q1 24 | $2.2B | $18.8M |
净利润IPGSWAG
| Q4 25 | — | $243.0K | ||
| Q3 25 | $124.2M | $-1.2M | ||
| Q2 25 | $162.5M | $643.0K | ||
| Q1 25 | $-85.4M | $-393.0K | ||
| Q4 24 | $344.5M | $-586.0K | ||
| Q3 24 | $20.1M | $-2.0M | ||
| Q2 24 | $214.5M | $-1.0M | ||
| Q1 24 | $110.4M | $-491.0K |
毛利率IPGSWAG
| Q4 25 | — | 30.4% | ||
| Q3 25 | — | 27.2% | ||
| Q2 25 | — | 30.3% | ||
| Q1 25 | -3.2% | 29.6% | ||
| Q4 24 | 10.1% | 32.5% | ||
| Q3 24 | 2.9% | 29.5% | ||
| Q2 24 | 1.2% | 32.8% | ||
| Q1 24 | -1.1% | 29.8% |
营业利润率IPGSWAG
| Q4 25 | — | -0.1% | ||
| Q3 25 | 10.3% | -6.9% | ||
| Q2 25 | 11.2% | 1.2% | ||
| Q1 25 | -2.1% | -1.9% | ||
| Q4 24 | 23.3% | -3.5% | ||
| Q3 24 | 5.9% | -10.8% | ||
| Q2 24 | 13.7% | -6.6% | ||
| Q1 24 | 8.4% | -3.5% |
净利率IPGSWAG
| Q4 25 | — | 0.8% | ||
| Q3 25 | 5.8% | -4.8% | ||
| Q2 25 | 7.5% | 2.0% | ||
| Q1 25 | -4.3% | -1.4% | ||
| Q4 24 | 14.1% | -2.2% | ||
| Q3 24 | 0.9% | -10.1% | ||
| Q2 24 | 9.2% | -6.1% | ||
| Q1 24 | 5.1% | -2.6% |
每股收益（稀释后）IPGSWAG
| Q4 25 | — | $0.02 | ||
| Q3 25 | $0.34 | $-0.07 | ||
| Q2 25 | $0.44 | $0.03 | ||
| Q1 25 | $-0.23 | $-0.02 | ||
| Q4 24 | $0.92 | $-0.02 | ||
| Q3 24 | $0.05 | $-0.11 | ||
| Q2 24 | $0.57 | $-0.06 | ||
| Q1 24 | $0.29 | $-0.03 |
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 | $11.6M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $3.7B | $30.5M |
| 总资产 | $17.0B | $49.3M |
| 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IPGSWAG
| Q4 25 | — | $11.6M | ||
| Q3 25 | $1.5B | $11.8M | ||
| Q2 25 | $1.6B | $18.1M | ||
| Q1 25 | $1.9B | $12.2M | ||
| Q4 24 | $2.2B | $18.2M | ||
| Q3 24 | $1.5B | $6.9M | ||
| Q2 24 | $1.5B | $9.6M | ||
| Q1 24 | $1.9B | $10.7M |
股东权益IPGSWAG
| Q4 25 | — | $30.5M | ||
| Q3 25 | $3.7B | $30.2M | ||
| Q2 25 | $3.7B | $31.8M | ||
| Q1 25 | $3.6B | $31.3M | ||
| Q4 24 | $3.8B | $31.6M | ||
| Q3 24 | $3.7B | $32.3M | ||
| Q2 24 | $3.8B | $34.3M | ||
| Q1 24 | $3.8B | $35.2M |
总资产IPGSWAG
| Q4 25 | — | $49.3M | ||
| Q3 25 | $17.0B | $50.3M | ||
| Q2 25 | $17.0B | $61.2M | ||
| Q1 25 | $17.1B | $52.2M | ||
| Q4 24 | $18.3B | $55.1M | ||
| Q3 24 | $17.1B | $48.8M | ||
| Q2 24 | $17.0B | $46.6M | ||
| Q1 24 | $17.3B | $47.9M |
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 | $161.0K |
| 自由现金流经营现金流 - 资本支出 | $153.6M | $38.0K |
| 自由现金流率自由现金流/营收 | 7.2% | 0.1% |
| 资本支出强度资本支出/营收 | 1.2% | 0.4% |
| 现金转化率经营现金流/净利润 | 1.45× | 0.66× |
| 过去12个月自由现金流最近4个季度 | $806.8M | $-5.5M |
8季度趋势，按日历期对齐
经营现金流IPGSWAG
| Q4 25 | — | $161.0K | ||
| Q3 25 | $180.1M | $-5.4M | ||
| Q2 25 | $-96.0M | $6.4M | ||
| Q1 25 | $-37.0M | $-5.9M | ||
| Q4 24 | $868.1M | $1.3M | ||
| Q3 24 | $223.8M | $-2.7M | ||
| Q2 24 | $120.7M | $2.1M | ||
| Q1 24 | $-157.4M | $2.1M |
自由现金流IPGSWAG
| Q4 25 | — | $38.0K | ||
| Q3 25 | $153.6M | $-5.9M | ||
| Q2 25 | $-121.8M | $6.3M | ||
| Q1 25 | $-58.5M | $-6.0M | ||
| Q4 24 | $833.5M | $1.2M | ||
| Q3 24 | $186.5M | $-2.9M | ||
| Q2 24 | $85.9M | $1.9M | ||
| Q1 24 | $-192.5M | $1.9M |
自由现金流率IPGSWAG
| Q4 25 | — | 0.1% | ||
| Q3 25 | 7.2% | -22.6% | ||
| Q2 25 | -5.6% | 19.5% | ||
| Q1 25 | -2.9% | -21.0% | ||
| Q4 24 | 34.2% | 4.6% | ||
| Q3 24 | 8.3% | -14.3% | ||
| Q2 24 | 3.7% | 11.6% | ||
| Q1 24 | -8.8% | 9.9% |
资本支出强度IPGSWAG
| Q4 25 | — | 0.4% | ||
| Q3 25 | 1.2% | 1.9% | ||
| Q2 25 | 1.2% | 0.2% | ||
| Q1 25 | 1.1% | 0.4% | ||
| Q4 24 | 1.4% | 0.3% | ||
| Q3 24 | 1.7% | 0.7% | ||
| Q2 24 | 1.5% | 1.1% | ||
| Q1 24 | 1.6% | 1.0% |
现金转化率IPGSWAG
| Q4 25 | — | 0.66× | ||
| Q3 25 | 1.45× | — | ||
| Q2 25 | -0.59× | 9.99× | ||
| Q1 25 | — | — | ||
| Q4 24 | 2.52× | — | ||
| Q3 24 | 11.13× | — | ||
| Q2 24 | 0.56× | — | ||
| 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% |
SWAG
| Promotional Products Dropshipping | $11.2M | 39% |
| Casino Continuity Program | $6.9M | 24% |
| Promotional Products Company Owned Inventory | $4.6M | 16% |
| Promotional Products Bulk Dropshipping | $3.8M | 13% |
| Promotional Products Thirdparty Distributor | $1.8M | 6% |
| Other | $610.0K | 2% |
