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埃培智集团（IPG）与URBAN ONE, INC.（UONE）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URBAN ONE, INC.的21.8倍（$2.1B vs $97.8M）。埃培智集团净利率更高（5.8% vs -55.6%，领先61.4%）。埃培智集团同比增速更快（-4.8% vs -16.5%）。埃培智集团自由现金流更多（$153.6M vs $-7.2M）。过去两年URBAN ONE, INC.的营收复合增速更高（-3.2% 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。
Urban One是一家总部位于美国马里兰州银泉市的传媒集团，由凯西·休斯于1980年创立。公司主打面向非裔美国人群体的传媒业务，是美国该细分领域颇具影响力的传媒企业。
IPG vs UONE — 直观对比
营收规模更大
IPG
是对方的21.8倍
$97.8M
营收增速更快
IPG
高出11.7%
-16.5%
净利率更高
IPG
高出61.4%
-55.6%
自由现金流更多
IPG
多$160.8M
$-7.2M
两年增速更快
UONE
近两年复合增速
-9.1%
损益表 — Q3 2025 vs Q4 2025
| 指标 | | |
|---|---|---|
| 营收 | $2.1B | $97.8M |
| 净利润 | $124.2M | $-54.4M |
| 毛利率 | — | — |
| 营业利润率 | 10.3% | -55.2% |
| 净利率 | 5.8% | -55.6% |
| 营收同比 | -4.8% | -16.5% |
| 净利润同比 | 517.9% | -52.5% |
| 每股收益（稀释后） | $0.34 | $-30.88 |
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IPGUONE
| Q4 25 | — | $97.8M | ||
| Q3 25 | $2.1B | $92.7M | ||
| Q2 25 | $2.2B | $91.6M | ||
| Q1 25 | $2.0B | $92.2M | ||
| Q4 24 | $2.4B | $117.1M | ||
| Q3 24 | $2.2B | $110.4M | ||
| Q2 24 | $2.3B | $117.7M | ||
| Q1 24 | $2.2B | $104.4M |
净利润IPGUONE
| Q4 25 | — | $-54.4M | ||
| Q3 25 | $124.2M | $-2.8M | ||
| Q2 25 | $162.5M | $-77.9M | ||
| Q1 25 | $-85.4M | $-11.7M | ||
| Q4 24 | $344.5M | $-35.7M | ||
| Q3 24 | $20.1M | $-31.8M | ||
| Q2 24 | $214.5M | $-45.4M | ||
| Q1 24 | $110.4M | $7.5M |
毛利率IPGUONE
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | -3.2% | — | ||
| Q4 24 | 10.1% | — | ||
| Q3 24 | 2.9% | — | ||
| Q2 24 | 1.2% | — | ||
| Q1 24 | -1.1% | — |
营业利润率IPGUONE
| Q4 25 | — | -55.2% | ||
| Q3 25 | 10.3% | 2.7% | ||
| Q2 25 | 11.2% | -131.7% | ||
| Q1 25 | -2.1% | 2.3% | ||
| Q4 24 | 23.3% | -1.6% | ||
| Q3 24 | 5.9% | -23.7% | ||
| Q2 24 | 13.7% | -51.3% | ||
| Q1 24 | 8.4% | 12.3% |
净利率IPGUONE
| Q4 25 | — | -55.6% | ||
| Q3 25 | 5.8% | -3.1% | ||
| Q2 25 | 7.5% | -85.0% | ||
| Q1 25 | -4.3% | -12.7% | ||
| Q4 24 | 14.1% | -30.4% | ||
| Q3 24 | 0.9% | -28.8% | ||
| Q2 24 | 9.2% | -38.6% | ||
| Q1 24 | 5.1% | 7.2% |
每股收益（稀释后）IPGUONE
| Q4 25 | — | $-30.88 | ||
| Q3 25 | $0.34 | $-0.06 | ||
| Q2 25 | $0.44 | $-1.74 | ||
| Q1 25 | $-0.23 | $-0.26 | ||
| Q4 24 | $0.92 | $-20.76 | ||
| Q3 24 | $0.05 | $-0.68 | ||
| Q2 24 | $0.57 | $-0.94 | ||
| 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 | $25.5M |
| 总债务越低越好 | — | $429.7M |
| 股东权益账面价值 | $3.7B | $24.6M |
| 总资产 | $17.0B | $593.0M |
| 负债/权益比越低杠杆越低 | — | 17.47× |
8季度趋势，按日历期对齐
现金及短期投资IPGUONE
| Q4 25 | — | $25.5M | ||
| Q3 25 | $1.5B | $79.3M | ||
| Q2 25 | $1.6B | $85.7M | ||
| Q1 25 | $1.9B | $115.1M | ||
| Q4 24 | $2.2B | $137.1M | ||
| Q3 24 | $1.5B | $115.0M | ||
| Q2 24 | $1.5B | $131.9M | ||
| Q1 24 | $1.9B | $155.3M |
总债务IPGUONE
| Q4 25 | — | $429.7M | ||
| Q3 25 | — | $484.3M | ||
| Q2 25 | — | $488.4M | ||
| Q1 25 | — | $551.5M | ||
| Q4 24 | — | $579.1M | ||
| Q3 24 | — | $593.9M | ||
| Q2 24 | — | $607.9M | ||
| Q1 24 | — | $650.0M |
股东权益IPGUONE
| Q4 25 | — | $24.6M | ||
| Q3 25 | $3.7B | $78.8M | ||
| Q2 25 | $3.7B | $82.2M | ||
| Q1 25 | $3.6B | $159.2M | ||
| Q4 24 | $3.8B | $170.9M | ||
| Q3 24 | $3.7B | $204.8M | ||
| Q2 24 | $3.8B | $239.4M | ||
| Q1 24 | $3.8B | $285.2M |
总资产IPGUONE
| Q4 25 | — | $593.0M | ||
| Q3 25 | $17.0B | $723.5M | ||
| Q2 25 | $17.0B | $729.2M | ||
| Q1 25 | $17.1B | $890.6M | ||
| Q4 24 | $18.3B | $944.8M | ||
| Q3 24 | $17.1B | $962.6M | ||
| Q2 24 | $17.0B | $1.0B | ||
| Q1 24 | $17.3B | $1.1B |
负债/权益比IPGUONE
| Q4 25 | — | 17.47× | ||
| Q3 25 | — | 6.14× | ||
| Q2 25 | — | 5.94× | ||
| Q1 25 | — | 3.46× | ||
| Q4 24 | — | 3.39× | ||
| Q3 24 | — | 2.90× | ||
| Q2 24 | — | 2.54× | ||
| Q1 24 | — | 2.28× |
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 | $-4.0M |
| 自由现金流经营现金流 - 资本支出 | $153.6M | $-7.2M |
| 自由现金流率自由现金流/营收 | 7.2% | -7.3% |
| 资本支出强度资本支出/营收 | 1.2% | 3.3% |
| 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 | $-5.9M |
8季度趋势，按日历期对齐
经营现金流IPGUONE
| Q4 25 | — | $-4.0M | ||
| Q3 25 | $180.1M | $-161.0K | ||
| Q2 25 | $-96.0M | $6.2M | ||
| Q1 25 | $-37.0M | $2.1M | ||
| Q4 24 | $868.1M | $35.6M | ||
| Q3 24 | $223.8M | $-1.8M | ||
| Q2 24 | $120.7M | $6.2M | ||
| Q1 24 | $-157.4M | $-2.5M |
自由现金流IPGUONE
| Q4 25 | — | $-7.2M | ||
| Q3 25 | $153.6M | $-3.3M | ||
| Q2 25 | $-121.8M | $5.0M | ||
| Q1 25 | $-58.5M | $-462.0K | ||
| Q4 24 | $833.5M | $34.1M | ||
| Q3 24 | $186.5M | $-3.5M | ||
| Q2 24 | $85.9M | $3.9M | ||
| Q1 24 | $-192.5M | $-4.3M |
自由现金流率IPGUONE
| Q4 25 | — | -7.3% | ||
| Q3 25 | 7.2% | -3.5% | ||
| Q2 25 | -5.6% | 5.4% | ||
| Q1 25 | -2.9% | -0.5% | ||
| Q4 24 | 34.2% | 29.1% | ||
| Q3 24 | 8.3% | -3.1% | ||
| Q2 24 | 3.7% | 3.3% | ||
| Q1 24 | -8.8% | -4.1% |
资本支出强度IPGUONE
| Q4 25 | — | 3.3% | ||
| Q3 25 | 1.2% | 3.3% | ||
| Q2 25 | 1.2% | 1.3% | ||
| Q1 25 | 1.1% | 2.8% | ||
| Q4 24 | 1.4% | 1.3% | ||
| Q3 24 | 1.7% | 1.5% | ||
| Q2 24 | 1.5% | 1.9% | ||
| Q1 24 | 1.6% | 1.7% |
现金转化率IPGUONE
| Q4 25 | — | — | ||
| Q3 25 | 1.45× | — | ||
| Q2 25 | -0.59× | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 2.52× | — | ||
| Q3 24 | 11.13× | — | ||
| Q2 24 | 0.56× | — | ||
| Q1 24 | -1.43× | -0.33× |
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% |
UONE
| Radio Advertising | $31.7M | 32% |
| Cable Television Advertising | $18.3M | 19% |
| Cable Television Affiliate Fees | $16.5M | 17% |
| Digital Advertising | $14.7M | 15% |
| Reach Media Segment | $13.8M | 14% |
| Event Revenues And Other | $2.6M | 3% |
