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埃培智集团（IPG）与史丹利百得（SWK）财务数据对比。点击上方公司名可切换其他公司
史丹利百得的季度营收约是埃培智集团的1.8倍（$3.8B vs $2.1B），埃培智集团净利率更高（5.8% vs 1.4%，领先4.4%），史丹利百得同比增速更快（0.1% vs -4.8%），史丹利百得自由现金流更多（$155.3M vs $153.6M），过去两年史丹利百得的营收复合增速更高（0.3% 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。
史丹利百得是美国知名的工业工具、家用五金产品制造商，同时提供安防类产品，前身为史丹利工具有限公司，由史丹利与百得于2010年3月12日合并而来，总部位于康涅狄格州大哈特福德地区的新不列颠市。
IPG vs SWK — 直观对比
营收规模更大
SWK
是对方的1.8倍
$2.1B
营收增速更快
SWK
高出4.9%
-4.8%
净利率更高
IPG
高出4.4%
1.4%
自由现金流更多
SWK
多$1.7M
$153.6M
两年增速更快
SWK
近两年复合增速
-9.1%
损益表 — Q3 FY2025 vs Q3 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $2.1B | $3.8B |
| 净利润 | $124.2M | $51.4M |
| 毛利率 | — | 31.4% |
| 营业利润率 | 10.3% | — |
| 净利率 | 5.8% | 1.4% |
| 营收同比 | -4.8% | 0.1% |
| 净利润同比 | 517.9% | -43.6% |
| 每股收益（稀释后） | $0.34 | $0.34 |
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IPGSWK
| Q3 25 | $2.1B | $3.8B | ||
| Q2 25 | $2.2B | $3.9B | ||
| Q1 25 | $2.0B | $3.7B | ||
| Q4 24 | $2.4B | $3.7B | ||
| Q3 24 | $2.2B | $3.8B | ||
| Q2 24 | $2.3B | $4.0B | ||
| Q1 24 | $2.2B | $3.9B | ||
| Q4 23 | $2.6B | $3.7B |
净利润IPGSWK
| Q3 25 | $124.2M | $51.4M | ||
| Q2 25 | $162.5M | $101.9M | ||
| Q1 25 | $-85.4M | $90.4M | ||
| Q4 24 | $344.5M | $194.9M | ||
| Q3 24 | $20.1M | $91.1M | ||
| Q2 24 | $214.5M | $-11.2M | ||
| Q1 24 | $110.4M | $19.5M | ||
| Q4 23 | $463.2M | $-304.4M |
毛利率IPGSWK
| Q3 25 | — | 31.4% | ||
| Q2 25 | — | 27.0% | ||
| Q1 25 | -3.2% | 29.9% | ||
| Q4 24 | 10.1% | 30.8% | ||
| Q3 24 | 2.9% | 29.9% | ||
| Q2 24 | 1.2% | 28.4% | ||
| Q1 24 | -1.1% | 28.6% | ||
| Q4 23 | 10.0% | 29.6% |
营业利润率IPGSWK
| Q3 25 | 10.3% | — | ||
| Q2 25 | 11.2% | — | ||
| Q1 25 | -2.1% | — | ||
| Q4 24 | 23.3% | 3.4% | ||
| Q3 24 | 5.9% | 10.6% | ||
| Q2 24 | 13.7% | 9.5% | ||
| Q1 24 | 8.4% | 8.3% | ||
| Q4 23 | 23.5% | -2.1% |
净利率IPGSWK
| Q3 25 | 5.8% | 1.4% | ||
| Q2 25 | 7.5% | 2.6% | ||
| Q1 25 | -4.3% | 2.4% | ||
| Q4 24 | 14.1% | 5.2% | ||
| Q3 24 | 0.9% | 2.4% | ||
| Q2 24 | 9.2% | -0.3% | ||
| Q1 24 | 5.1% | 0.5% | ||
| Q4 23 | 17.9% | -8.1% |
每股收益（稀释后）IPGSWK
| Q3 25 | $0.34 | $0.34 | ||
| Q2 25 | $0.44 | $0.67 | ||
| Q1 25 | $-0.23 | $0.60 | ||
| Q4 24 | $0.92 | $1.29 | ||
| Q3 24 | $0.05 | $0.60 | ||
| Q2 24 | $0.57 | $-0.07 | ||
| Q1 24 | $0.29 | $0.13 | ||
| Q4 23 | $1.21 | $-2.02 |
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 | $268.3M |
| 总债务越低越好 | — | $5.3B |
| 股东权益账面价值 | $3.7B | $9.0B |
| 总资产 | $17.0B | $21.8B |
| 负债/权益比越低杠杆越低 | — | 0.59× |
8季度趋势，按日历期对齐
现金及短期投资IPGSWK
| Q3 25 | $1.5B | $268.3M | ||
| Q2 25 | $1.6B | $311.8M | ||
| Q1 25 | $1.9B | $344.8M | ||
| Q4 24 | $2.2B | $290.5M | ||
| Q3 24 | $1.5B | $298.7M | ||
| Q2 24 | $1.5B | $318.5M | ||
| Q1 24 | $1.9B | $476.6M | ||
| Q4 23 | $2.4B | $449.4M |
总债务IPGSWK
| Q3 25 | — | $5.3B | ||
| Q2 25 | — | $5.6B | ||
| Q1 25 | — | $5.6B | ||
| Q4 24 | — | $6.1B | ||
| Q3 24 | — | $6.1B | ||
| Q2 24 | — | $6.1B | ||
| Q1 24 | — | $6.1B | ||
| Q4 23 | — | $6.1B |
股东权益IPGSWK
| Q3 25 | $3.7B | $9.0B | ||
| Q2 25 | $3.7B | $9.1B | ||
| Q1 25 | $3.6B | $8.8B | ||
| Q4 24 | $3.8B | $8.7B | ||
| Q3 24 | $3.7B | $8.9B | ||
| Q2 24 | $3.8B | $8.7B | ||
| Q1 24 | $3.8B | $8.9B | ||
| Q4 23 | $3.9B | $9.1B |
总资产IPGSWK
| Q3 25 | $17.0B | $21.8B | ||
| Q2 25 | $17.0B | $22.5B | ||
| Q1 25 | $17.1B | $22.5B | ||
| Q4 24 | $18.3B | $21.8B | ||
| Q3 24 | $17.1B | $22.5B | ||
| Q2 24 | $17.0B | $22.5B | ||
| Q1 24 | $17.3B | $23.9B | ||
| Q4 23 | $19.3B | $23.7B |
负债/权益比IPGSWK
| Q3 25 | — | 0.59× | ||
| Q2 25 | — | 0.62× | ||
| Q1 25 | — | 0.63× | ||
| Q4 24 | — | 0.70× | ||
| Q3 24 | — | 0.69× | ||
| Q2 24 | — | 0.70× | ||
| Q1 24 | — | 0.69× | ||
| Q4 23 | — | 0.67× |
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 | $221.2M |
| 自由现金流经营现金流 - 资本支出 | $153.6M | $155.3M |
| 自由现金流率自由现金流/营收 | 7.2% | 4.1% |
| 资本支出强度资本支出/营收 | 1.2% | 1.8% |
| 现金转化率经营现金流/净利润 | 1.45× | 4.30× |
| 过去12个月自由现金流最近4个季度 | $806.8M | $369.6M |
8季度趋势，按日历期对齐
经营现金流IPGSWK
| Q3 25 | $180.1M | $221.2M | ||
| Q2 25 | $-96.0M | $214.3M | ||
| Q1 25 | $-37.0M | $-420.0M | ||
| Q4 24 | $868.1M | $679.1M | ||
| Q3 24 | $223.8M | $285.8M | ||
| Q2 24 | $120.7M | $573.0M | ||
| Q1 24 | $-157.4M | $-431.0M | ||
| Q4 23 | $894.8M | $769.3M |
自由现金流IPGSWK
| Q3 25 | $153.6M | $155.3M | ||
| Q2 25 | $-121.8M | $134.7M | ||
| Q1 25 | $-58.5M | $-485.0M | ||
| Q4 24 | $833.5M | $564.6M | ||
| Q3 24 | $186.5M | $199.3M | ||
| Q2 24 | $85.9M | $485.8M | ||
| Q1 24 | $-192.5M | $-496.7M | ||
| Q4 23 | $842.6M | $647.0M |
自由现金流率IPGSWK
| Q3 25 | 7.2% | 4.1% | ||
| Q2 25 | -5.6% | 3.4% | ||
| Q1 25 | -2.9% | -13.0% | ||
| Q4 24 | 34.2% | 15.2% | ||
| Q3 24 | 8.3% | 5.3% | ||
| Q2 24 | 3.7% | 12.1% | ||
| Q1 24 | -8.8% | -12.8% | ||
| Q4 23 | 32.6% | 17.3% |
资本支出强度IPGSWK
| Q3 25 | 1.2% | 1.8% | ||
| Q2 25 | 1.2% | 2.0% | ||
| Q1 25 | 1.1% | 1.7% | ||
| Q4 24 | 1.4% | 3.1% | ||
| Q3 24 | 1.7% | 2.3% | ||
| Q2 24 | 1.5% | 2.2% | ||
| Q1 24 | 1.6% | 1.7% | ||
| Q4 23 | 2.0% | 3.3% |
现金转化率IPGSWK
| Q3 25 | 1.45× | 4.30× | ||
| Q2 25 | -0.59× | 2.10× | ||
| Q1 25 | — | -4.65× | ||
| Q4 24 | 2.52× | 3.48× | ||
| Q3 24 | 11.13× | 3.14× | ||
| Q2 24 | 0.56× | — | ||
| Q1 24 | -1.43× | -22.10× | ||
| Q4 23 | 1.93× | — |
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% |
SWK
| Tools And Outdoor Segment | $3.3B | 87% |
| Engineered Fastening Segment | $500.5M | 13% |
