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埃培智集团（IPG）与Veralto（VLTO）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Veralto的1.5倍（$2.1B vs $1.4B），Veralto净利率更高（17.9% vs 5.8%，领先12.0%），Veralto同比增速更快（6.8% vs -4.8%），Veralto自由现金流更多（$170.0M vs $153.6M），过去两年Veralto的营收复合增速更高（6.8% 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。
Veralto是总部位于美国马萨诸塞州沃尔瑟姆的科技企业，核心业务覆盖水分析、水处理、标识喷码、包装及色彩管理相关产品的研发与生产，面向全球多领域客户提供适配的技术产品及配套服务。
IPG vs VLTO — 直观对比
营收规模更大
IPG
是对方的1.5倍
$1.4B
营收增速更快
VLTO
高出11.5%
-4.8%
净利率更高
VLTO
高出12.0%
5.8%
自由现金流更多
VLTO
多$16.4M
$153.6M
两年增速更快
VLTO
近两年复合增速
-9.1%
损益表 — Q3 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $2.1B | $1.4B |
| 净利润 | $124.2M | $254.0M |
| 毛利率 | — | 60.1% |
| 营业利润率 | 10.3% | 23.8% |
| 净利率 | 5.8% | 17.9% |
| 营收同比 | -4.8% | 6.8% |
| 净利润同比 | 517.9% | 12.9% |
| 每股收益（稀释后） | $0.34 | $1.02 |
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IPGVLTO
| Q1 26 | — | $1.4B | ||
| Q4 25 | — | $1.4B | ||
| Q3 25 | $2.1B | $1.4B | ||
| Q2 25 | $2.2B | $1.3B | ||
| Q1 25 | $2.0B | — | ||
| Q4 24 | $2.4B | $1.3B | ||
| Q3 24 | $2.2B | $1.3B | ||
| Q2 24 | $2.3B | $1.3B |
净利润IPGVLTO
| Q1 26 | — | $254.0M | ||
| Q4 25 | — | $239.0M | ||
| Q3 25 | $124.2M | $222.0M | ||
| Q2 25 | $162.5M | $225.0M | ||
| Q1 25 | $-85.4M | — | ||
| Q4 24 | $344.5M | $227.0M | ||
| Q3 24 | $20.1M | $219.0M | ||
| Q2 24 | $214.5M | $203.0M |
毛利率IPGVLTO
| Q1 26 | — | 60.1% | ||
| Q4 25 | — | 60.1% | ||
| Q3 25 | — | 60.0% | ||
| Q2 25 | — | 60.4% | ||
| Q1 25 | -3.2% | — | ||
| Q4 24 | 10.1% | 59.6% | ||
| Q3 24 | 2.9% | 59.6% | ||
| Q2 24 | 1.2% | 60.1% |
营业利润率IPGVLTO
| Q1 26 | — | 23.8% | ||
| Q4 25 | — | 23.2% | ||
| Q3 25 | 10.3% | 22.8% | ||
| Q2 25 | 11.2% | 24.2% | ||
| Q1 25 | -2.1% | — | ||
| Q4 24 | 23.3% | 22.9% | ||
| Q3 24 | 5.9% | 23.4% | ||
| Q2 24 | 13.7% | 23.2% |
净利率IPGVLTO
| Q1 26 | — | 17.9% | ||
| Q4 25 | — | 17.0% | ||
| Q3 25 | 5.8% | 16.2% | ||
| Q2 25 | 7.5% | 16.9% | ||
| Q1 25 | -4.3% | — | ||
| Q4 24 | 14.1% | 16.9% | ||
| Q3 24 | 0.9% | 16.7% | ||
| Q2 24 | 9.2% | 15.8% |
每股收益（稀释后）IPGVLTO
| Q1 26 | — | $1.02 | ||
| Q4 25 | — | $0.95 | ||
| Q3 25 | $0.34 | $0.89 | ||
| Q2 25 | $0.44 | $0.90 | ||
| Q1 25 | $-0.23 | — | ||
| Q4 24 | $0.92 | $0.91 | ||
| Q3 24 | $0.05 | $0.88 | ||
| Q2 24 | $0.57 | $0.81 |
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 | — |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $3.7B | — |
| 总资产 | $17.0B | — |
| 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IPGVLTO
| Q1 26 | — | — | ||
| Q4 25 | — | $1.8B | ||
| Q3 25 | $1.5B | $1.6B | ||
| Q2 25 | $1.6B | $1.2B | ||
| Q1 25 | $1.9B | — | ||
| Q4 24 | $2.2B | $1.1B | ||
| Q3 24 | $1.5B | $1.3B | ||
| Q2 24 | $1.5B | $1.0B |
总债务IPGVLTO
| Q1 26 | — | — | ||
| Q4 25 | — | $2.7B | ||
| Q3 25 | — | $2.7B | ||
| Q2 25 | — | $2.6B | ||
| Q1 25 | — | — | ||
| Q4 24 | — | $2.6B | ||
| Q3 24 | — | $2.6B | ||
| Q2 24 | — | $2.6B |
股东权益IPGVLTO
| Q1 26 | — | — | ||
| Q4 25 | — | $2.8B | ||
| Q3 25 | $3.7B | $2.7B | ||
| Q2 25 | $3.7B | $2.3B | ||
| Q1 25 | $3.6B | — | ||
| Q4 24 | $3.8B | $2.0B | ||
| Q3 24 | $3.7B | $2.0B | ||
| Q2 24 | $3.8B | $1.7B |
总资产IPGVLTO
| Q1 26 | — | — | ||
| Q4 25 | — | $7.4B | ||
| Q3 25 | $17.0B | $7.2B | ||
| Q2 25 | $17.0B | $6.6B | ||
| Q1 25 | $17.1B | — | ||
| Q4 24 | $18.3B | $6.4B | ||
| Q3 24 | $17.1B | $6.3B | ||
| Q2 24 | $17.0B | $5.9B |
负债/权益比IPGVLTO
| Q1 26 | — | — | ||
| Q4 25 | — | 0.94× | ||
| Q3 25 | — | 1.01× | ||
| Q2 25 | — | 1.14× | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 1.28× | ||
| Q3 24 | — | 1.35× | ||
| Q2 24 | — | 1.57× |
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 | $182.0M |
| 自由现金流经营现金流 - 资本支出 | $153.6M | $170.0M |
| 自由现金流率自由现金流/营收 | 7.2% | 12.0% |
| 资本支出强度资本支出/营收 | 1.2% | 0.8% |
| 现金转化率经营现金流/净利润 | 1.45× | 0.72× |
| 过去12个月自由现金流最近4个季度 | $806.8M | $893.0M |
8季度趋势，按日历期对齐
经营现金流IPGVLTO
| Q1 26 | — | $182.0M | ||
| Q4 25 | — | $270.0M | ||
| Q3 25 | $180.1M | $339.0M | ||
| Q2 25 | $-96.0M | $157.0M | ||
| Q1 25 | $-37.0M | — | ||
| Q4 24 | $868.1M | $285.0M | ||
| Q3 24 | $223.8M | $224.0M | ||
| Q2 24 | $120.7M | $251.0M |
自由现金流IPGVLTO
| Q1 26 | — | $170.0M | ||
| Q4 25 | — | $258.0M | ||
| Q3 25 | $153.6M | $323.0M | ||
| Q2 25 | $-121.8M | $142.0M | ||
| Q1 25 | $-58.5M | — | ||
| Q4 24 | $833.5M | $263.0M | ||
| Q3 24 | $186.5M | $215.0M | ||
| Q2 24 | $85.9M | $240.0M |
自由现金流率IPGVLTO
| Q1 26 | — | 12.0% | ||
| Q4 25 | — | 18.4% | ||
| Q3 25 | 7.2% | 23.6% | ||
| Q2 25 | -5.6% | 10.7% | ||
| Q1 25 | -2.9% | — | ||
| Q4 24 | 34.2% | 19.6% | ||
| Q3 24 | 8.3% | 16.4% | ||
| Q2 24 | 3.7% | 18.6% |
资本支出强度IPGVLTO
| Q1 26 | — | 0.8% | ||
| Q4 25 | — | 0.9% | ||
| Q3 25 | 1.2% | 1.2% | ||
| Q2 25 | 1.2% | 1.1% | ||
| Q1 25 | 1.1% | — | ||
| Q4 24 | 1.4% | 1.6% | ||
| Q3 24 | 1.7% | 0.7% | ||
| Q2 24 | 1.5% | 0.9% |
现金转化率IPGVLTO
| Q1 26 | — | 0.72× | ||
| Q4 25 | — | 1.13× | ||
| Q3 25 | 1.45× | 1.53× | ||
| Q2 25 | -0.59× | 0.70× | ||
| Q1 25 | — | — | ||
| Q4 24 | 2.52× | 1.26× | ||
| Q3 24 | 11.13× | 1.02× | ||
| Q2 24 | 0.56× | 1.24× |
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% |
VLTO
暂无分部数据
