Carlyle Group
CG Nasdaq· Asset Management & Custody Banks
Last close · Oct 26, 2026
$38.75
KIRA · Stoqly’s AI analyst, in plain words
- Carlyle Group had $4.8B of revenue in fiscal 2025, down 11.9% on the year before. Over five years, revenue changed +10.3% a year on average.
- Carlyle Group made $809M of net profit in fiscal 2025.
- Free cash flow was −$3.4B in fiscal 2025, −70.6% of revenue.
- Carlyle Group returned $1.2B to shareholders in fiscal 2025. The diluted share count rose 0.8%.
- Carlyle Group owes $1.0B more than it holds in cash, about 0.7 years of operating profit.
Market cap
$14.2B
P/E
40.4x
Revenue
$4.8B
Net income
$809M
Free cash flow
−$3.4B
Operating margin
—
Carlyle Group in 30 seconds · fiscal 2025
Are sales growing?
−11.9%
No. Sales fell 11.9% last year.
Does it make a profit?
16.9%
Yes. It keeps 16.9% of every sale as profit.
Does profit turn into cash?
−70.6%
No. It spent more cash than it brought in.
Is debt under control?
0.7x
Yes. It could repay its debt with 0.7 years of operating profit.
How is the share priced?
40.4x
One share costs 40.4 times its yearly profit per share. Typical for its sector: 13.7x.
What Carlyle Group does
Carlyle is a global investment firm, founded in Washington, D.C. in 1987. It invests private capital for outside investors, such as pension funds, through funds that it advises. It managed $477 billion at the end of 2025. It has more than 2,500 employees in 27 offices on four continents. Carlyle has three segments. Global Private Equity advises funds that buy companies, make growth investments, and invest in real estate, infrastructure and natural resources. Global Credit, with $211.3 billion in assets, lends and invests across the credit spectrum, including direct lending and insurance solutions. Carlyle AlpInvest invests in the funds and portfolios of other managers, such as secondaries. Carlyle earns fees for managing client money, and carried interest, a share of the profits when its funds' investments do well. As of the end of 2025, its private equity funds had investments in more than 275 active companies.
Biggest risks, in its own words
- Poor fund performance, which would cut revenue and could require it to repay carried interest already received.
- Failing to raise money from outside investors for new funds.
- The asset management business is intensely competitive.
- Its dependence on senior Carlyle professionals, including its chief executive.
- Fiscal year ends
- December 31, 2025
- Latest annual report
- 10-K · Feb 27, 2026
- Legal name
- Carlyle Group Inc.
- CIK
- 0001527166
Carlyle Group · CG
Results and finances
The last 5 fiscal years. Amounts in USD.
| Fiscal year | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|
| Sales and profit | |||||
| Revenue | $8.8B | $4.4B | $3.0B | $5.4B | $4.8B |
| Revenue growth | 199.3% | −49.5% | −33.2% | 83.1% | −11.9% |
| Net income | $3.0B | $1.2B | −$608M | $1.0B | $809M |
| Net margin | 33.9% | 27.6% | −20.5% | 18.8% | 16.9% |
| Diluted EPS | $8.20 | $3.35 | −$1.68 | $2.77 | $2.18 |
| Cash | |||||
| Cash from operations | $1.8B | −$379M | $205M | −$760M | −$3.3B |
| Capital expenditure | $41.4M | $40.6M | $66.6M | $77.7M | $99.4M |
| Free cash flow | $1.7B | −$420M | $138M | −$837M | −$3.4B |
| FCF margin | 19.9% | −9.5% | 4.7% | −15.4% | −70.6% |
| Dividends paid | $356M | $444M | $498M | $503M | $505M |
| Share buybacks | $162M | $186M | $204M | $555M | $687M |
| Share count change | 1.2% | 0.9% | −1.2% | 1.8% | 0.8% |
| Debt and strength | |||||
| Cash and short-term investments | $2.5B | $1.4B | $1.4B | $1.3B | $2.0B |
| Debt incl. finance leases | $2.1B | $2.3B | $2.3B | $2.1B | $3.0B |
| Shareholders' equity | $5.7B | $6.8B | $5.8B | $6.3B | $7.1B |
| Net debt / EBITDA | −0.1x | 0.5x | — | 0.5x | 0.7x |
| Interest coverage | 36.6x | 15.2x | −3.9x | 12.5x | 10.4x |
| Returns and quality | |||||
| Return on capital | 67.9% | 21.1% | −5.3% | 17.1% | 13.7% |
| Return on equity | 68.9% | 19.6% | −9.7% | 16.8% | 12.1% |
Insiders bought, 12 months
$0.0M
0 insiders
Insiders sold, 12 months
$75.8M
1 insider
Of sales under plans
0%
$0.0M
How to read these numbers
- Revenue:
- Total sales reported in the income statement.
- Operating margin:
- Operating income as a share of revenue.
- Net income:
- Profit after all expenses, interest and tax.
- Free cash flow:
- Cash from operations minus capital spending.
- Net debt / EBITDA:
- Years of EBITDA needed to pay off net debt. Below zero means more cash than debt.
- Return on capital:
- After-tax operating income as a share of the money invested in the business: debt plus equity, minus cash.
Carlyle Group · CG
Charts and comparison
Ten years at a glance, and how it stacks up against similar companies.
Revenue
Net income
Margins, % of revenue
Cash vs debt (incl. leases)
Free cash flow
Dividends and buybacks
Similar companies
Each company’s latest fiscal year. Fiscal years end in different months, so periods don’t line up exactly.
| Company | Market cap | Growth | Op. margin | FCF margin | ROIC | P/E | F-score |
|---|---|---|---|---|---|---|---|
| Carlyle Group CG | $14.2B | −11.9% | — | −70.6% | 13.7% | 40.4x | — |
| Ares Management ARES | — | 28.9% | — | — | — | — | — |
| Brookfield Asset Management BAM | — | 21.0% | — | 43.4% | — | — | — |
| TPG TPG | $17.3B | 33.4% | — | — | 15.2% | 66.9x | — |
| Invesco IVZ | $13.0B | 5.1% | −10.9% | 22.6% | −3.8% | — | — |
Price compared with profit (P/E)
How many times its yearly profit per share one share costs. Higher means investors pay more for each unit of profit.
KIRA
At $38.75 a share, the company is worth $14.2B: 40.4 times its earnings of the last four quarters.
Carlyle Group grew sales faster than 0 of its 4 similar companies. Its P/E is higher than 0 of 1.
Source: SEC EDGAR XBRL filings (CIK 0001527166). Data updated October 10, 2026. For information only — not investment advice. Check the original filings before relying on any figure.