The Interpublic Group Financials
Financial Health Signals
Based on FY2024 annual data. Scores normalized against common benchmarks. How we calculate these scores
The Interpublic Group has an operating margin of 11.3%, meaning the company retains $11 of operating profit per $100 of revenue. This results in a moderate score of 56/100, indicating healthy but not exceptional operating efficiency. This is down from 13.6% the prior year.
The Interpublic Group's revenue declined 1.8% year-over-year, from $10.9B to $10.7B. This contraction results in a growth score of 23/100.
The Interpublic Group carries a low D/E ratio of 0.77, meaning only $0.77 of long-term debt for every $1 of shareholders' equity. This conservative leverage earns a score of 83/100, indicating a strong balance sheet with room for future borrowing.
The Interpublic Group's current ratio of 1.09 means current assets barely cover short-term liabilities. This tight liquidity results in a low score of 23/100, which could limit financial flexibility.
The Interpublic Group has a free cash flow margin of 8.5%, earning a moderate score of 43/100. The company generates positive cash flow after capital investments, but with room for improvement.
The Interpublic Group earns a strong 18.2% return on equity (ROE), meaning it generates $18 of profit for every $100 of shareholders' equity. This efficient capital use earns a returns score of 73/100. This is down from 27.9% the prior year.
The Interpublic Group scores 1.57, below the 1.81 distress threshold. This indicates elevated financial distress risk and warrants close attention to liquidity and debt levels.
The Interpublic Group passes 7 of 9 financial strength tests. 3 of 4 profitability signals pass, 2 of 3 leverage/liquidity signals pass, both operating efficiency signals pass.
For every $1 of reported earnings, The Interpublic Group generates $1.53 in operating cash flow ($1.1B OCF vs $689.5M net income). This indicates profits are well-supported by actual cash generation, not accounting adjustments.
The Interpublic Group earns $5.2 in operating income for every $1 of interest expense ($1.2B vs $229.9M). This wide margin provides strong safety for debt servicing, even if earnings decline temporarily.
This page shows The Interpublic Group (IPG) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 17 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).
Key Financial Metrics
The Interpublic Group generated $10.7B in revenue in fiscal year 2024. This represents a decrease of 1.8% from the prior year.
The Interpublic Group's EBITDA was $1.5B in fiscal year 2024, measuring earnings before interest, taxes, depreciation, and amortization. This represents a decrease of 16.3% from the prior year.
The Interpublic Group generated $913.4M in free cash flow in fiscal year 2024, representing cash available after capex. This represents an increase of 143.3% from the prior year.
The Interpublic Group reported $689.5M in net income in fiscal year 2024. This represents a decrease of 37.2% from the prior year.
The Interpublic Group earned $1.83 per diluted share (EPS) in fiscal year 2024. This represents a decrease of 35.8% from the prior year.
The Interpublic Group held $2.2B in cash against $2.9B in long-term debt as of fiscal year 2024.
The Interpublic Group had 373M shares outstanding in fiscal year 2024. This represents a decrease of 3.6% from the prior year.
The Interpublic Group's gross margin was 17.0% in fiscal year 2024, indicating the percentage of revenue retained after direct costs. This is up 0.4 percentage points from the prior year.
The Interpublic Group's operating margin was 11.3% in fiscal year 2024, reflecting core business profitability. This is down 2.4 percentage points from the prior year.
The Interpublic Group's net profit margin was 6.5% in fiscal year 2024, showing the share of revenue converted to profit. This is down 3.6 percentage points from the prior year.
The Interpublic Group's ROE was 18.2% in fiscal year 2024, measuring profit generated per dollar of shareholder equity. This is down 9.7 percentage points from the prior year.
The Interpublic Group spent -$230.1M on share buybacks in fiscal year 2024, returning capital to shareholders by reducing shares outstanding. This represents a decrease of 165.7% from the prior year.
The Interpublic Group invested $141.8M in capex in fiscal year 2024, funding long-term assets and infrastructure. This represents a decrease of 20.9% from the prior year.
IPG Income Statement
| Metric | Q3'25 | Q2'25 | Q1'25 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $2.5B-1.7% | $2.5B+9.2% | $2.3B-18.7% | $2.9B+5.4% | $2.7B+8.6% | $2.5B-17.4% | $3.0B+12.9% | $2.7B |
| Cost of Revenue | N/A | N/A | $2.1B-5.9% | $2.2B-4.8% | $2.3B+4.1% | $2.2B-5.1% | $2.3B+4.8% | $2.2B |
| Gross Profit | N/A | N/A | $262.7M-60.7% | $669.0M+62.7% | $411.1M+42.7% | $288.0M-58.6% | $696.4M+51.7% | $459.1M |
| R&D Expenses | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| SG&A Expenses | $50.3M+8.4% | $46.4M+14.9% | $40.4M-8.4% | $44.1M+59.8% | $27.6M-27.4% | $38.0M+61.7% | $23.5M+39.1% | $16.9M |
| Operating Income | $219.0M-10.1% | $243.7M+680.2% | -$42.0M-107.4% | $567.9M+78.5% | $318.2M+72.7% | $184.2M-69.6% | $606.8M+61.0% | $376.8M |
| Interest Expense | $48.9M-3.2% | $50.5M+0.8% | $50.1M-7.7% | $54.3M-6.2% | $57.9M-7.8% | $62.8M+2.3% | $61.4M+4.6% | $58.7M |
| Income Tax | $58.7M+7.5% | $54.6M+693.5% | -$9.2M-107.3% | $125.7M+66.3% | $75.6M+59.8% | $47.3M-69.5% | $155.3M+69.7% | $91.5M |
| Net Income | $124.2M-23.6% | $162.5M+290.3% | -$85.4M-124.8% | $344.5M+60.6% | $214.5M+94.3% | $110.4M-76.2% | $463.2M+90.1% | $243.7M |
| EPS (Diluted) | $0.34-22.7% | $0.44+291.3% | $-0.23-125.0% | $0.92+61.4% | $0.57+96.6% | $0.29-76.0% | $1.21+92.1% | $0.63 |
IPG Balance Sheet
| Metric | Q3'25 | Q2'25 | Q1'25 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $17.0B-0.4% | $17.0B-0.6% | $17.1B-6.5% | $18.3B+7.7% | $17.0B-1.6% | $17.3B-10.3% | $19.3B+13.2% | $17.0B |
| Current Assets | $9.4B+1.2% | $9.3B-1.3% | $9.4B-11.1% | $10.6B+20.2% | $8.8B-2.2% | $9.0B-17.6% | $11.0B+26.7% | $8.6B |
| Cash & Equivalents | $1.5B-2.1% | $1.6B-16.3% | $1.9B-14.5% | $2.2B+41.5% | $1.5B-20.0% | $1.9B-19.1% | $2.4B+51.5% | $1.6B |
| Inventory | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Accounts Receivable | $4.9B+2.0% | $4.9B+4.4% | $4.6B-17.8% | $5.6B+25.4% | $4.5B+4.1% | $4.3B-24.9% | $5.8B+42.5% | $4.0B |
| Goodwill | $4.8B-1.0% | $4.8B+0.9% | $4.8B+1.4% | $4.7B-7.3% | $5.1B-0.1% | $5.1B-0.3% | $5.1B+0.5% | $5.1B |
| Total Liabilities | $13.3B+0.1% | $13.2B-1.4% | $13.4B-6.8% | $14.4B+10.3% | $13.1B-2.2% | $13.4B-12.2% | $15.2B+14.9% | $13.2B |
| Current Liabilities | $8.7B+0.4% | $8.7B-1.5% | $8.8B-9.4% | $9.8B+17.7% | $8.3B-2.5% | $8.5B-17.7% | $10.3B+24.1% | $8.3B |
| Long-Term Debt | $2.9B0.0% | $2.9B0.0% | $2.9B0.0% | $2.9B+0.1% | $2.9B0.0% | $2.9B0.0% | $2.9B0.0% | $2.9B |
| Total Equity | $3.7B-1.5% | $3.7B+3.6% | $3.6B-5.6% | $3.8B-1.0% | $3.8B+0.3% | $3.8B-3.0% | $3.9B+7.1% | $3.7B |
| Retained Earnings | $4.3B0.0% | $4.3B+1.5% | $4.2B-4.7% | $4.4B+2.7% | $4.3B+2.0% | $4.2B-0.4% | $4.3B+8.8% | $3.9B |
IPG Cash Flow Statement
| Metric | Q3'25 | Q2'25 | Q1'25 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $180.1M+287.6% | -$96.0M-159.5% | -$37.0M-104.3% | $868.1M+619.2% | $120.7M+176.7% | -$157.4M-117.6% | $894.8M+268.7% | $242.7M |
| Capital Expenditures | $26.5M+2.7% | $25.8M+20.0% | $21.5M-37.9% | $34.6M-0.6% | $34.8M-0.9% | $35.1M-32.8% | $52.2M+9.2% | $47.8M |
| Free Cash Flow | $153.6M+226.1% | -$121.8M-108.2% | -$58.5M-107.0% | $833.5M+870.3% | $85.9M+144.6% | -$192.5M-122.8% | $842.6M+332.3% | $194.9M |
| Investing Cash Flow | -$26.3M-23.5% | -$21.3M+63.4% | -$58.2M-201.6% | -$19.3M+52.2% | -$40.4M+19.2% | -$50.0M-142.1% | $118.9M+344.7% | -$48.6M |
| Financing Cash Flow | -$202.9M+9.1% | -$223.2M+10.0% | -$248.0M-102.8% | -$122.3M+72.9% | -$451.2M-98.7% | -$227.1M+7.0% | -$244.3M-8.3% | -$225.5M |
| Dividends Paid | $120.2M-0.7% | $121.1M-3.4% | $125.3M+2.0% | $122.8M-0.9% | $123.9M-2.1% | $126.6M+7.4% | $117.9M-0.6% | $118.6M |
| Share Buybacks | $69.1M-29.7% | $98.3M+9.2% | $90.0M+119.6% | -$460.2M-779.8% | $67.7M+8.5% | $62.4M-52.4% | $131.2M+42.3% | $92.2M |
IPG Financial Ratios
| Metric | Q3'25 | Q2'25 | Q1'25 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | N/A | N/A | 11.3%-12.1pp | 23.4%+8.2pp | 15.2%+3.6pp | 11.5%-11.5pp | 23.0%+5.9pp | 17.1% |
| Operating Margin | 8.8%-0.8pp | 9.6%+11.4pp | -1.8%-21.7pp | 19.9%+8.1pp | 11.7%+4.4pp | 7.4%-12.7pp | 20.1%+6.0pp | 14.1% |
| Net Margin | 5.0%-1.4pp | 6.4%+10.1pp | -3.7%-15.7pp | 12.1%+4.1pp | 7.9%+3.5pp | 4.4%-10.9pp | 15.3%+6.2pp | 9.1% |
| Return on Equity | 3.4%-1.0pp | 4.4% | N/A | 9.1%+3.5pp | 5.6%+2.7pp | 2.9%-8.9pp | 11.8%+5.1pp | 6.6% |
| Return on Assets | 0.7%-0.2pp | 0.9%+1.4pp | -0.5%-2.4pp | 1.9%+0.6pp | 1.3%+0.6pp | 0.6%-1.8pp | 2.4%+1.0pp | 1.4% |
| Current Ratio | 1.080.0 | 1.070.0 | 1.07-0.0 | 1.09+0.0 | 1.060.0 | 1.060.0 | 1.06+0.0 | 1.04 |
| Debt-to-Equity | 0.80+0.0 | 0.79-0.0 | 0.82+0.0 | 0.770.0 | 0.760.0 | 0.76+0.0 | 0.74-0.1 | 0.79 |
| FCF Margin | 6.2%+11.0pp | -4.8%-2.3pp | -2.5%-31.7pp | 29.2%+26.0pp | 3.2%+10.9pp | -7.7%-35.6pp | 27.9%+20.6pp | 7.3% |
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Frequently Asked Questions
What is The Interpublic Group's annual revenue?
The Interpublic Group (IPG) reported $10.7B in total revenue for fiscal year 2024. This represents a -1.8% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.
How fast is The Interpublic Group's revenue growing?
The Interpublic Group (IPG) revenue declined by 1.8% year-over-year, from $10.9B to $10.7B in fiscal year 2024.
Is The Interpublic Group profitable?
Yes, The Interpublic Group (IPG) reported a net income of $689.5M in fiscal year 2024, with a net profit margin of 6.5%.
What is The Interpublic Group's earnings per share (EPS)?
The Interpublic Group (IPG) reported diluted earnings per share of $1.83 for fiscal year 2024. This represents a -35.8% change compared to the previous fiscal year. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.
What is The Interpublic Group's EBITDA?
The Interpublic Group (IPG) had EBITDA of $1.5B in fiscal year 2024, measuring earnings before interest, taxes, depreciation, and amortization.
How much debt does The Interpublic Group have?
As of fiscal year 2024, The Interpublic Group (IPG) had $2.2B in cash and equivalents against $2.9B in long-term debt.
What is The Interpublic Group's gross margin?
The Interpublic Group (IPG) had a gross margin of 17.0% in fiscal year 2024, indicating the percentage of revenue retained after direct costs of goods sold.
What is The Interpublic Group's operating margin?
The Interpublic Group (IPG) had an operating margin of 11.3% in fiscal year 2024, reflecting the profitability of core business operations before interest and taxes.
What is The Interpublic Group's net profit margin?
The Interpublic Group (IPG) had a net profit margin of 6.5% in fiscal year 2024, representing the share of revenue converted into profit after all expenses.
What is The Interpublic Group's return on equity (ROE)?
The Interpublic Group (IPG) has a return on equity of 18.2% for fiscal year 2024, measuring how efficiently the company generates profit from shareholder equity.
What is The Interpublic Group's free cash flow?
The Interpublic Group (IPG) generated $913.4M in free cash flow during fiscal year 2024. This represents a 143.3% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.
What is The Interpublic Group's operating cash flow?
The Interpublic Group (IPG) generated $1.1B in operating cash flow during fiscal year 2024, representing cash generated from core business activities.
What are The Interpublic Group's total assets?
The Interpublic Group (IPG) had $18.3B in total assets as of fiscal year 2024, including both current and long-term assets.
What are The Interpublic Group's capital expenditures?
The Interpublic Group (IPG) invested $141.8M in capital expenditures during fiscal year 2024, funding long-term assets and infrastructure.
Does The Interpublic Group buy back shares?
Yes, The Interpublic Group (IPG) spent $230.1M on share buybacks during fiscal year 2024, returning capital to shareholders by reducing shares outstanding.
How many shares does The Interpublic Group have outstanding?
The Interpublic Group (IPG) had 373M shares outstanding as of fiscal year 2024.
What is The Interpublic Group's current ratio?
The Interpublic Group (IPG) had a current ratio of 1.09 as of fiscal year 2024, which is considered adequate.
What is The Interpublic Group's debt-to-equity ratio?
The Interpublic Group (IPG) had a debt-to-equity ratio of 0.77 as of fiscal year 2024, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is The Interpublic Group's return on assets (ROA)?
The Interpublic Group (IPG) had a return on assets of 3.8% for fiscal year 2024, measuring how efficiently the company uses its assets to generate profit.
What is The Interpublic Group's Altman Z-Score?
The Interpublic Group (IPG) has an Altman Z-Score of 1.57, placing it in the Distress Zone (elevated bankruptcy risk). The Z-Score combines five financial ratios—working capital, retained earnings, EBIT, market capitalization, and revenue relative to total assets—to predict the likelihood of bankruptcy. Scores above 2.99 indicate financial safety while scores below 1.81 suggest financial distress. Learn more in our complete guide to financial health indicators.
What is The Interpublic Group's Piotroski F-Score?
The Interpublic Group (IPG) has a Piotroski F-Score of 7 out of 9, indicating strong financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7–9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
Are The Interpublic Group's earnings high quality?
The Interpublic Group (IPG) has an earnings quality ratio of 1.53x, considered cash-backed (high quality). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.
Can The Interpublic Group cover its interest payments?
The Interpublic Group (IPG) has an interest coverage ratio of 5.2x, meaning it can comfortably cover its interest obligations. This ratio divides operating income by interest expense. Ratios above 5x indicate strong debt-servicing ability, while ratios below 2x suggest the company may face difficulty meeting interest payments if earnings decline. Learn more in our complete guide to financial health indicators.
How financially healthy is The Interpublic Group?
The Interpublic Group (IPG) scores 50 out of 100 on our Financial Profile, indicating moderate overall financial health. This composite score evaluates six dimensions: profitability (operating margin), revenue growth, leverage (debt-to-equity), liquidity (current ratio), cash flow quality (free cash flow margin), and shareholder returns (return on equity). Each dimension is normalized against standard financial benchmarks. Learn more in our complete guide to financial health indicators.