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IPG

The Interpublic Group of Companies, Inc.

IPG

The Interpublic Group of Companies, Inc. • NYSE
$24.57 ▼ -1.96% (-0.49)
Market Cap $8.93 B
52w High $33.05
52w Low $22.51
Dividend Yield 1.32%
P/E 16.83
Volume 82.04M
Outstanding Shares 363.36M

Income Statement

Period Revenue Operating Expense Net Income Net Profit Margin Earnings Per Share EBITDA
Q3-2025 $2.494B ▼ $241.8M ▲ $130M ▼ 5.213% ▼ $0.34 ▼ $299.6M ▼
Q2-2025 $2.537B ▲ $225.6M ▼ $162.5M ▲ 6.406% ▲ $0.44 ▲ $329.7M ▲
Q1-2025 $2.323B ▼ $304.7M ▲ $-85.4M ▼ -3.677% ▼ $-0.23 ▼ $16.7M ▼
Q4-2024 $2.857B ▲ $101.1M ▼ $344.5M ▲ 12.058% ▲ $0.92 ▲ $601M ▲
Q3-2024 $2.629B $318.7M $20.1M 0.765% $0.054 $229.7M

Balance Statement

Period Cash & Short-term Total Assets Total Liabilities Total Equity
Q3-2025 $1.531B ▼ $16.965B ▼ $13.253B ▲ $3.657B ▼
Q2-2025 $1.564B ▼ $17.027B ▼ $13.242B ▼ $3.712B ▲
Q1-2025 $1.869B ▼ $17.125B ▼ $13.432B ▼ $3.584B ▼
Q4-2024 $2.187B ▲ $18.326B ▲ $14.416B ▲ $3.797B ▲
Q3-2024 $1.532B $17.083B $13.253B $3.726B

Cash Flow Statement

Period Net Income Cash From Operations Cash From Investing Cash From Financing Net Change Free Cash Flow
Q3-2025 $127.1M ▼ $180.1M ▲ $-26.3M ▼ $-202.9M ▲ $-35.4M ▲ $153.6M ▲
Q2-2025 $163.6M ▲ $-96M ▼ $-21.3M ▲ $-223.2M ▲ $-300.5M ▲ $-121.8M ▼
Q1-2025 $-85.3M ▼ $-37M ▼ $-58.2M ▼ $-248M ▼ $-319.8M ▼ $-58.5M ▼
Q4-2024 $358.3M ▲ $868.1M ▲ $-19.3M ▲ $-122.3M ▲ $654.7M ▲ $833.5M ▲
Q3-2024 $24.2M $223.8M $-41.4M $-219.3M $-15.3M $186.5M

Revenue by Products

Product Q4-2024Q1-2025Q2-2025Q3-2025
IAC
IAC
 $1.00Bn ▲$860.00M ▼$950.00M ▲$940.00M ▼
MDE
MDE
 $1.18Bn ▲$900.00M ▼$960.00M ▲$950.00M ▼
SCE
SCE
 $670.00M ▲$560.00M ▼$630.00M ▲$600.00M ▼

Five-Year Company Overview

Income Statement

Income Statement IPG’s revenue over the last few years has been broadly steady rather than strongly growing, which suggests a mature business in a competitive, slow‑growth industry. Profitability improved meaningfully coming out of 2020 but slipped in the most recent year: operating and net income fell from their recent highs, even though sales didn’t move much. That points to rising costs, pricing pressure, or mix shift weighing on margins. Overall, the business remains clearly profitable, but earnings look more volatile than revenue, which is worth keeping in mind in a cyclical, project‑driven field like advertising.

Balance Sheet

Balance Sheet The balance sheet shows a stable but not especially conservative profile. Total assets have edged down a bit from their peak, while shareholder equity has generally built up over time, which is a positive sign of accumulated profits. Debt remains meaningful but has been slowly working its way lower since 2020, and the company keeps a solid cash cushion, though not as large as in 2021. In simple terms: IPG appears financially sound, but it still relies on borrowing, so interest rates and credit markets matter for its risk profile.

Cash Flow

Cash Flow IPG generates healthy cash from its operations, but the pattern is uneven. Cash flow was very strong in 2021, then noticeably weaker in 2022 and 2023, with some recovery in 2024 though not back to prior highs. Free cash flow, after modest and steady investment spending, follows the same up‑then‑down pattern. The company does not appear to be overspending on capital projects, which fits its asset‑light, services‑oriented model, but the swings in cash generation underline how sensitive the business can be to client budgets and economic conditions.

Competitive Edge

Competitive Edge IPG occupies a leading place among global advertising holding companies, with a broad mix of creative, media, PR, and specialized agencies. Its edge comes from blending strong creative brands (like McCann, FCB, and IPG Mediabrands) with deep data capabilities via Acxiom and its Interact platform. This combination of data‑rich targeting and award‑winning creativity is a real differentiator. At the same time, IPG faces intense competition from other big holding companies, consulting firms, and digital platforms. The planned merger with Omnicom would greatly increase its scale and bargaining power, but also introduces integration risk and potential client conflicts.

Innovation and R&D

Innovation and R&D For a services company like IPG, “R&D” mostly means investment in data, technology platforms, AI, and new agency formats rather than labs and patents. The Acxiom acquisition and the Interact platform are central here: they allow IPG to use large, privacy‑minded data sets and AI to plan, execute, and measure campaigns in a more integrated way. The group has also built specialized offerings in areas like health, CRM, and performance marketing, and its agencies continue to win top‑tier creative awards, which suggests that innovation is showing up in the work, not just in the tools. Looking ahead, the big innovation question is how well IPG’s stack is combined with Omnicom’s Omni platform after the merger—this could either deepen the technology moat or get bogged down in complexity.

Summary

IPG looks like a mature, profitable advertising group that has shifted from pure creativity toward data‑driven, tech‑enabled marketing. Financially, revenue is stable, profits are positive but have softened recently, and cash generation is solid yet cyclical. The balance sheet carries notable but manageable debt with a decent cash buffer. Strategically, IPG’s mix of data assets, technology platforms, and reputable agencies gives it a strong position, now set to be reshaped by a transformative merger with Omnicom. The main opportunities lie in scaling its data and AI capabilities across a much larger client base; the main risks center on integration challenges, client churn, and the usual swings in global marketing budgets.

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