OMCOMNICOM GROUP INC.

Services-Advertising Agencies

Revenue: $17.3B; 10% YoY
Operating margin: 2.6%; 82% YoY
EBITDA: $721M; 71% YoY
Market cap: $25.4B
Employees: 120,000; $144K revenue each
Net debt / EBITDA: 5.5×; $4.0B net debt
AI in 10-K: 7.1; mentions per 10K words

Takeover score 2 of 13

Fixable underperformance 1 of 7

TSR below peersNo
—
3+ of last 5 years
High CEO pay despite TSRNo
—
Median CEO pay ≥ $15M while TSR trails
Earnings not backed by cashNo
—
Cash flow under 80% of net income
Dilutive SBCNo
1% of revenue
Over 10% of revenue
Payouts exceed cash flowNo
43% of cash flow
Buybacks + dividends over cash flow
Goodwill-heavyNo
37% of assets
Over 40% of assets
Shareholder dissentYes
57% lowest support
Any vote under 80% support

Buyer economics 1 of 4

Low revenue per employeeYes
$144K · 8th pct
Bottom quartile of its SIC industry
Quiet on AINo
7.1 per 10K words · 88th pct
Bottom quartile of AI mentions in 10-Ks
Net cashNo
5.5× EBITDA net debt
More cash than debt, positive EBITDA
Buyout-sizedNo
$25.4B market cap
Market cap $500M–$5B

Catalysts 0 of 2

Active 13DNo
0 filings
Active-intent 13D in 18 months
Net insider sellingNo
−$238K net
Net sales over $10M in 12 months

Financials

Metric	FY2021	FY2022	FY2023	FY2024	FY2025	YoY	Trend
Revenue	$14.3B	$14.3B	$14.7B	$15.7B	$17.3B	10%
Operating income	$2.2B	$2.1B	$2.1B	$2.3B	$445M	80%
Net income	$1.4B	$1.3B	$1.4B	$1.5B	−$55M	104%
Operating cash flow	$1.9B	$927M	$1.4B	$1.7B	$2.9B	69%
Capex	$666M	$78M	$78M	$141M	$150M	6.5%
Stock-based comp	$85M	$82M	$85M	$91M	$101M	10%
Buybacks	$527M	$611M	$571M	$371M	$708M	91%
Dividends	$592M	$581M	$563M	$553M	$550M	0.6%

Deal filings

None.

13D filers

None on file.

Insider trading

Open-market buys, 12 mo: $0 · 0
Open-market sells, 12 mo: $238K · 2
Net: −$238K

Pay vs performance

No pay-versus-performance disclosure yet.