CG · Carlyle Group Inc. - Financials
Annual line items from SEC XBRL filings, sourced from EDGAR's Company Facts API with fallback to the quarterly Financial Statement Data Sets. See issuer overview for Form 4 activity and 10-K signals.
Income Statement
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Revenue | $4.78B | $5.43B | $2.96B | $4.44B | $8.78B | $2.93B |
| Cost of Revenue | - | - | - | - | - | - |
| Gross Profit | - | - | - | - | - | - |
| R&D | - | - | - | - | - | - |
| SG&A | - | - | - | $575.80M | $431.70M | $349.30M |
| Total Operating Expenses | $3.74B | $4.06B | $3.57B | $2.82B | $4.76B | $2.33B |
| D&A | $192.10M | $184.10M | $180.60M | $147.40M | $52.00M | $52.10M |
| Operating Income | $1.16B | $1.39B | ($600.90M) | $1.57B | $4.03B | $580.00M |
| Interest Expense | $123.90M | $121.00M | $123.80M | $110.40M | $113.30M | $94.00M |
| Income Tax | $214.50M | $302.60M | ($104.20M) | $287.80M | $982.30M | $197.20M |
| Net Income | $808.70M | $1.02B | ($608.40M) | $1.23B | $2.97B | $348.20M |
| EPS - Basic | $2.25 | $2.85 | ($1.68) | $3.39 | $8.37 | $0.99 |
| EPS - Diluted | $2.18 | $2.77 | ($1.68) | $3.35 | $8.20 | $0.97 |
Balance Sheet
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Cash & Equivalents | $1.97B | $1.27B | $1.44B | $1.36B | $2.47B | $987.60M |
| Accounts Receivable | - | - | - | - | - | - |
| Inventory | - | - | - | - | - | - |
| Accounts Payable | - | - | - | - | - | - |
| Current Assets | - | - | - | - | - | - |
| Total Assets | $29.12B | $23.10B | $21.18B | $21.40B | $21.25B | $15.64B |
| Current Liabilities | - | - | - | - | - | - |
| Long-term Debt | - | - | - | - | - | - |
| Total Liabilities | $22.06B | $16.76B | $15.39B | $14.58B | $15.54B | $12.71B |
| Stockholders' Equity | $7.06B | $6.35B | $5.78B | $6.82B | $5.71B | $2.93B |
| Retained Earnings | $1.64B | $2.04B | $2.08B | $3.40B | $2.81B | $348.20M |
Cash Flow
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Operating Cash Flow | ($3.28B) | ($759.50M) | $204.90M | ($379.30M) | $1.79B | ($169.20M) |
| Investing Cash Flow | ($99.40M) | ($77.60M) | ($43.60M) | ($828.80M) | ($32.20M) | ($61.20M) |
| Financing Cash Flow | $3.99B | $682.80M | ($99.60M) | $114.80M | ($242.50M) | $370.30M |
| CapEx | $99.40M | $77.70M | $66.60M | $40.60M | $41.40M | $61.20M |
| Free Cash Flow | ($3.37B) | ($837.20M) | $138.30M | ($419.90M) | $1.75B | ($230.40M) |
Ratios
| Metric | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Profitability | ||||||
| Gross margin | - | - | - | - | - | - |
| Operating margin | 24.3% | 25.7% | -20.3% | 35.4% | 45.9% | 19.8% |
| EBITDA margin | 28.3% | 29.1% | -14.2% | 38.7% | 46.5% | 21.5% |
| Net margin | 16.9% | 18.8% | -20.5% | 27.6% | 33.9% | 11.9% |
| Free cash flow margin | -70.6% | -15.4% | 4.7% | -9.5% | 19.9% | -7.9% |
| FCF / Net income | -4.17 | -0.82 | -0.23 | -0.34 | 0.59 | -0.66 |
| R&D / Revenue | - | - | - | - | - | - |
| SG&A / Revenue | - | - | - | 13.0% | 4.9% | 11.9% |
| Effective tax rate | 21.0% | 22.9% | - | 19.0% | 24.8% | 36.2% |
| Return on assets | 2.8% | 4.4% | -2.9% | 5.7% | 14.0% | 2.2% |
| Return on equity | 11.5% | 16.1% | -10.5% | 18.0% | 52.1% | 11.9% |
| Return on invested capital | - | - | - | - | - | - |
| Liquidity | ||||||
| Current ratio | - | - | - | - | - | - |
| Quick ratio | - | - | - | - | - | - |
| Cash ratio | - | - | - | - | - | - |
| Leverage | ||||||
| Debt / Equity | - | - | - | - | - | - |
| Debt / Assets | - | - | - | - | - | - |
| Debt / EBITDA | - | - | - | - | - | - |
| Interest coverage | 9.4x | 11.5x | -4.9x | 14.2x | 35.5x | 6.2x |
| Equity multiplier | 4.13 | 3.64 | 3.66 | 3.14 | 3.72 | 5.34 |
| Liabilities / Assets | 0.76 | 0.73 | 0.73 | 0.68 | 0.73 | 0.81 |
| Efficiency | ||||||
| Asset turnover | 0.16 | 0.23 | 0.14 | 0.21 | 0.41 | 0.19 |
| Inventory turnover | - | - | - | - | - | - |
| Days sales outstanding | - | - | - | - | - | - |
| Days inventory outstanding | - | - | - | - | - | - |
| Days payable outstanding | - | - | - | - | - | - |
| Cash conversion cycle | - | - | - | - | - | - |
| Valuation | ||||||
| P / E | 27.1x | 18.2x | - | 8.9x | 6.7x | 32.4x |
| P / B | 3.1x | 2.9x | 2.5x | 1.6x | 3.5x | 3.8x |
| P / S | 4.6x | 3.4x | 5.0x | 2.5x | 2.3x | 3.8x |
| EV / EBITDA | 14.8x | 11.0x | - | 5.6x | 4.3x | 16.3x |
| Growth | ||||||
| Revenue growth (YoY) | -11.9% | 83.1% | -33.2% | -49.5% | 199.3% | -13.1% |
| Revenue CAGR (3y) | 2.5% | -14.8% | 0.3% | 9.5% | 53.5% | -7.2% |
| Revenue CAGR (5y) | 10.2% | 9.9% | 4.1% | 3.8% | 31.0% | -0.5% |
| Gross profit growth (YoY) | - | - | - | - | - | - |
| Operating income growth (YoY) | -16.8% | - | - | -61.0% | 594.4% | -53.0% |
| Net income growth (YoY) | -20.7% | - | - | -58.8% | 754.3% | -8.6% |
| EPS growth (YoY) | -21.3% | - | - | -59.1% | 745.4% | -65.6% |
| EPS CAGR (3y) | -13.3% | -30.4% | - | 5.9% | 115.4% | -25.9% |
| EPS CAGR (5y) | 17.6% | -0.4% | - | 7.1% | - | - |
| FCF growth (YoY) | -303.1% | - | - | - | - | - |
| FCF CAGR (5y) | - | - | - | - | - | - |
| Book value growth (YoY) | 11.2% | 9.7% | -15.2% | 19.5% | 94.7% | - |
Sales by segment
From XBRL dimensional facts in the 10-K period ending 2025-12-31.
Business segments
$5.29B totalGlobal Segments$2.64B · 50.0%
Global Private Equity Segment$1.22B · 23.0%
Global Credit Segment$910.10M · 17.2%
Carlyle Alp Invest Segment$517.00M · 9.8%
Product / service
$2.63B totalFund Management Fee$2.40B · 91.3%
Incentive Fee$190.50M · 7.3%
Investment Advice$39.00M · 1.5%
Fee Related Performance Revenues$300.0K · 0.0%
Geographic
$4.78B totalAmericas$3.28B · 68.7%
EMEA$1.45B · 30.4%
Asia Pacific$46.60M · 1.0%
Stability scores
Piotroski F-score
FY 2025 · 9-point quality
2/9
Weak
- ✓Net income positive
- ✗Operating cash flow positive
- ✗ROA improved YoY
- ✗Cash flow > net income
- -Long-term debt decreased
- -Current ratio improved
- ✓No share dilution
- -Gross margin improved
- ✗Asset turnover improved
Peer comparison
Same SIC group: Investment Advice
Comparing Carlyle Group Inc. against the 5 most active filers in the same SIC group.
Dividends
$1.40/share trailing 12 months · 0.0% YoY
| Ex-date | Per share |
|---|---|
| May 18, 2026 | $0.3500 |
| Feb 13, 2026 | $0.3500 |
| Nov 10, 2025 | $0.3500 |
| Aug 18, 2025 | $0.3500 |
| May 19, 2025 | $0.3500 |
| Feb 21, 2025 | $0.3500 |
| Nov 18, 2024 | $0.3500 |
| Aug 16, 2024 | $0.3500 |
| May 13, 2024 | $0.3500 |
| Feb 22, 2024 | $0.3500 |
| Nov 20, 2023 | $0.3500 |
| Aug 14, 2023 | $0.3500 |
| May 15, 2023 | $0.3500 |
| Feb 21, 2023 | $0.3250 |
| Nov 17, 2022 | $0.3250 |
| Aug 8, 2022 | $0.3250 |
| May 9, 2022 | $0.3250 |
| Feb 14, 2022 | $0.2500 |
| Nov 8, 2021 | $0.2500 |
| Aug 9, 2021 | $0.2500 |
| May 10, 2021 | $0.2500 |
| Feb 12, 2021 | $0.2500 |
| Nov 9, 2020 | $0.2500 |
| Aug 10, 2020 | $0.2500 |