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埃培智集团（IPG）与威立（WLY）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威立的5.1倍（$2.1B vs $421.8M）。威立净利率更高（10.6% vs 5.8%，领先4.8%）。威立同比增速更快（-1.1% vs -4.8%）。埃培智集团自由现金流更多（$153.6M vs $-4.6M）。过去两年威立的营收复合增速更高（-4.3% 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。
约翰威立国际出版公司是美国跨国出版企业，1807年成立，专注于学术出版与教学资料发行。业务覆盖纸质和电子形式的图书、期刊、百科全书，同时面向本科生、研究生及继续教育群体提供线上产品与服务、培训材料和教育资源，在全球学术与教育出版领域拥有深厚积累。
IPG vs WLY — 直观对比
营收规模更大
IPG
是对方的5.1倍
$421.8M
营收增速更快
WLY
高出3.6%
-4.8%
净利率更高
WLY
高出4.8%
5.8%
自由现金流更多
IPG
多$158.2M
$-4.6M
两年增速更快
WLY
近两年复合增速
-9.1%
损益表 — Q3 2025 vs Q2 2026
| 指标 | | |
|---|---|---|
| 营收 | $2.1B | $421.8M |
| 净利润 | $124.2M | $44.9M |
| 毛利率 | — | 75.2% |
| 营业利润率 | 10.3% | 17.3% |
| 净利率 | 5.8% | 10.6% |
| 营收同比 | -4.8% | -1.1% |
| 净利润同比 | 517.9% | 11.0% |
| 每股收益（稀释后） | $0.34 | $0.84 |
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IPGWLY
| Q4 25 | — | $421.8M | ||
| Q3 25 | $2.1B | $396.8M | ||
| Q2 25 | $2.2B | $442.6M | ||
| Q1 25 | $2.0B | $404.6M | ||
| Q4 24 | $2.4B | $426.6M | ||
| Q3 24 | $2.2B | $403.8M | ||
| Q2 24 | $2.3B | $468.5M | ||
| Q1 24 | $2.2B | $460.7M |
净利润IPGWLY
| Q4 25 | — | $44.9M | ||
| Q3 25 | $124.2M | $11.7M | ||
| Q2 25 | $162.5M | $68.1M | ||
| Q1 25 | $-85.4M | $-23.0M | ||
| Q4 24 | $344.5M | $40.5M | ||
| Q3 24 | $20.1M | $-1.4M | ||
| Q2 24 | $214.5M | $25.3M | ||
| Q1 24 | $110.4M | $-113.9M |
毛利率IPGWLY
| Q4 25 | — | 75.2% | ||
| Q3 25 | — | 72.5% | ||
| Q2 25 | — | 74.9% | ||
| Q1 25 | -3.2% | 74.2% | ||
| Q4 24 | 10.1% | 74.9% | ||
| Q3 24 | 2.9% | 73.0% | ||
| Q2 24 | 1.2% | 73.7% | ||
| Q1 24 | -1.1% | 68.8% |
营业利润率IPGWLY
| Q4 25 | — | 17.3% | ||
| Q3 25 | 10.3% | 7.8% | ||
| Q2 25 | 11.2% | 17.3% | ||
| Q1 25 | -2.1% | 12.8% | ||
| Q4 24 | 23.3% | 15.0% | ||
| Q3 24 | 5.9% | 7.2% | ||
| Q2 24 | 13.7% | 14.7% | ||
| Q1 24 | 8.4% | -10.1% |
净利率IPGWLY
| Q4 25 | — | 10.6% | ||
| Q3 25 | 5.8% | 2.9% | ||
| Q2 25 | 7.5% | 15.4% | ||
| Q1 25 | -4.3% | -5.7% | ||
| Q4 24 | 14.1% | 9.5% | ||
| Q3 24 | 0.9% | -0.4% | ||
| Q2 24 | 9.2% | 5.4% | ||
| Q1 24 | 5.1% | -24.7% |
每股收益（稀释后）IPGWLY
| Q4 25 | — | $0.84 | ||
| Q3 25 | $0.34 | $0.22 | ||
| Q2 25 | $0.44 | $1.25 | ||
| Q1 25 | $-0.23 | $-0.43 | ||
| Q4 24 | $0.92 | $0.74 | ||
| Q3 24 | $0.05 | $-0.03 | ||
| Q2 24 | $0.57 | $0.45 | ||
| Q1 24 | $0.29 | $-2.08 |
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 | $67.4M |
| 总债务越低越好 | — | $871.7M |
| 股东权益账面价值 | $3.7B | $740.2M |
| 总资产 | $17.0B | $2.5B |
| 负债/权益比越低杠杆越低 | — | 1.18× |
8季度趋势，按日历期对齐
现金及短期投资IPGWLY
| Q4 25 | — | $67.4M | ||
| Q3 25 | $1.5B | $81.8M | ||
| Q2 25 | $1.6B | $85.9M | ||
| Q1 25 | $1.9B | $104.5M | ||
| Q4 24 | $2.2B | $75.5M | ||
| Q3 24 | $1.5B | $82.5M | ||
| Q2 24 | $1.5B | $83.2M | ||
| Q1 24 | $1.9B | $93.1M |
总债务IPGWLY
| Q4 25 | — | $871.7M | ||
| Q3 25 | — | $828.3M | ||
| Q2 25 | — | $799.4M | ||
| Q1 25 | — | $887.2M | ||
| Q4 24 | — | $961.0M | ||
| Q3 24 | — | $918.6M | ||
| Q2 24 | — | $774.6M | ||
| Q1 24 | — | $906.8M |
股东权益IPGWLY
| Q4 25 | — | $740.2M | ||
| Q3 25 | $3.7B | $733.1M | ||
| Q2 25 | $3.7B | $752.2M | ||
| Q1 25 | $3.6B | $685.2M | ||
| Q4 24 | $3.8B | $755.3M | ||
| Q3 24 | $3.7B | $713.7M | ||
| Q2 24 | $3.8B | $739.7M | ||
| Q1 24 | $3.8B | $748.3M |
总资产IPGWLY
| Q4 25 | — | $2.5B | ||
| Q3 25 | $17.0B | $2.5B | ||
| Q2 25 | $17.0B | $2.7B | ||
| Q1 25 | $17.1B | $2.6B | ||
| Q4 24 | $18.3B | $2.6B | ||
| Q3 24 | $17.1B | $2.7B | ||
| Q2 24 | $17.0B | $2.7B | ||
| Q1 24 | $17.3B | $2.7B |
负债/权益比IPGWLY
| Q4 25 | — | 1.18× | ||
| Q3 25 | — | 1.13× | ||
| Q2 25 | — | 1.06× | ||
| Q1 25 | — | 1.29× | ||
| Q4 24 | — | 1.27× | ||
| Q3 24 | — | 1.29× | ||
| Q2 24 | — | 1.05× | ||
| Q1 24 | — | 1.21× |
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 | $8.5M |
| 自由现金流经营现金流 - 资本支出 | $153.6M | $-4.6M |
| 自由现金流率自由现金流/营收 | 7.2% | -1.1% |
| 资本支出强度资本支出/营收 | 1.2% | 3.1% |
| 现金转化率经营现金流/净利润 | 1.45× | 0.19× |
| 过去12个月自由现金流最近4个季度 | $806.8M | $162.5M |
8季度趋势，按日历期对齐
经营现金流IPGWLY
| Q4 25 | — | $8.5M | ||
| Q3 25 | $180.1M | $-85.0M | ||
| Q2 25 | $-96.0M | $150.3M | ||
| Q1 25 | $-37.0M | $146.2M | ||
| Q4 24 | $868.1M | $-5.3M | ||
| Q3 24 | $223.8M | $-88.7M | ||
| Q2 24 | $120.7M | $183.3M | ||
| Q1 24 | $-157.4M | $107.8M |
自由现金流IPGWLY
| Q4 25 | — | $-4.6M | ||
| Q3 25 | $153.6M | $-97.0M | ||
| Q2 25 | $-121.8M | $131.2M | ||
| Q1 25 | $-58.5M | $132.9M | ||
| Q4 24 | $833.5M | $-19.8M | ||
| Q3 24 | $186.5M | $-103.2M | ||
| Q2 24 | $85.9M | $164.5M | ||
| Q1 24 | $-192.5M | $90.9M |
自由现金流率IPGWLY
| Q4 25 | — | -1.1% | ||
| Q3 25 | 7.2% | -24.4% | ||
| Q2 25 | -5.6% | 29.6% | ||
| Q1 25 | -2.9% | 32.9% | ||
| Q4 24 | 34.2% | -4.6% | ||
| Q3 24 | 8.3% | -25.6% | ||
| Q2 24 | 3.7% | 35.1% | ||
| Q1 24 | -8.8% | 19.7% |
资本支出强度IPGWLY
| Q4 25 | — | 3.1% | ||
| Q3 25 | 1.2% | 3.0% | ||
| Q2 25 | 1.2% | 4.3% | ||
| Q1 25 | 1.1% | 3.3% | ||
| Q4 24 | 1.4% | 3.4% | ||
| Q3 24 | 1.7% | 3.6% | ||
| Q2 24 | 1.5% | 4.0% | ||
| Q1 24 | 1.6% | 3.7% |
现金转化率IPGWLY
| Q4 25 | — | 0.19× | ||
| Q3 25 | 1.45× | -7.27× | ||
| Q2 25 | -0.59× | 2.21× | ||
| Q1 25 | — | — | ||
| Q4 24 | 2.52× | -0.13× | ||
| Q3 24 | 11.13× | — | ||
| Q2 24 | 0.56× | 7.25× | ||
| 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% |
WLY
| Research Publishing | $241.4M | 57% |
| Academic Products | $87.0M | 21% |
| Professional Products | $56.2M | 13% |
| Research Solutions | $37.1M | 9% |
