Carlyle Group IncCarlyle Group Inc
Carlyle Group Inc

Carlyle Group Inc

CG
Financials·Capital Markets

The Carlyle Group, Inc. is a global investment firm. It operates through the following segments: Global Private Equity (GPE), Global Credit (GC), and Carlyle AlpInvest. The GPE segment focuses on buyout and growth capital funds, which pursue a variety of corporate investments of different sizes and growth potentials. The GC segment includes funds and vehicles that pursue investment strategies including loans and structured credit, direct lending, opportunistic credit, distressed credit, aircraft financing and servicing, infrastructure debt, insurance solutions, and global capital markets. The Carlyle AlpInvest segment provides comprehensive investment opportunities and resources for investors and clients to build private equity portfolios through fund of funds, secondary purchases or financings of existing portfolios, and managed co-investment programs. The company was founded by William Elias Conway Jr., Daniel Anthony D'Aniello, and David Mark Rubenstein in 1987 and is headquartered in Washington, DC.

District Of Columbia; U.S.A
Market cap
$13.7BNo data
Revenue
$4.8B−11.9% YoY
Net income
$808.7M−20.7% YoY
Free cash flow
$-3.4B−303.1% YoY

Market

Listed stock
CGPriceNasdaq
Loading…Loading…1Y

Financial performance

Revenue
$4.8B−11.9% YoY
Operating income
$3.8B−15.1% YoY
Net income
$808.7M−20.7% YoY
Free cash flow
$-3.4B−303.1% YoY

Revenue, profit & cash trend

Revenue
Operating income
Net income
Free cash flow
Reference
Revenue: 2021 $8.8B, 2022 $4.4B, 2023 $3B, 2024 $5.4B, 2025 $4.8B. Operating income: 2021 $8.3B, 2022 $3.7B, 2023 $1.8B, 2024 $4.4B, 2025 $3.8B. Net income: 2021 $3B, 2022 $1.2B, 2023 $-608.4M, 2024 $1B, 2025 $808.7M. Free cash flow: 2021 $1.7B, 2022 $-419.9M, 2023 $138.3M, 2024 $-837.2M, 2025 $-3.4B. Reference line: Reference at $0.

Growth & profitability

Revenue growth
-11.9%−9497 bps YoY
Gross margin
No dataNo data
Operating margin
No dataNo data
FCF margin
No dataNo data

Earnings power over time

Operating income
Net income
Free cash flow
Operating income: 2021-12-31 $8.3B, 2022-12-31 $3.7B, 2023-12-31 $1.8B, 2024-12-31 $4.4B, 2025-12-31 $3.8B. Net income: 2021-12-31 $3B, 2022-12-31 $1.2B, 2023-12-31 $-608.4M, 2024-12-31 $1B, 2025-12-31 $808.7M. Free cash flow: 2021-12-31 $1.7B, 2022-12-31 $-419.9M, 2023-12-31 $138.3M, 2024-12-31 $-837.2M, 2025-12-31 $-3.4B

Growth heatmap

2022202320242025CAGR
Revenue
-49.5%
-33.2%
+83.1%
-11.9%
-14.1%
Gross profit
-49.5%
-33.2%
+83.1%
-11.9%
-14.1%
Operating income
-55.2%
-52.3%
+148.5%
-15.1%
-18.0%
Free cash flow
-124.0%
+132.9%
-705.4%
-303.1%
No data

Earnings quality

Operating cash flow
$-3.3B−331.3% YoY
Net income
$808.7M−20.7% YoY
Free cash flow
$-3.4B−303.1% YoY
Diluted EPS
No dataNo data

Cash conversion quality

Operating cash flow
Free cash flow
Net income = 100%
Operating cash flow: 2025-12-31 -405%, 2024-12-31 -74%, 2023-12-31 -34%, 2022-12-31 -31%, 2021-12-31 60%. Free cash flow: 2025-12-31 -417%, 2024-12-31 -82%, 2023-12-31 -23%, 2022-12-31 -34%, 2021-12-31 59%. Reference line: Net income = 100% at 100%.

Per-share economics

Diluted EPS
Latest
No data
FCF / share
Latest
No data
Diluted shares
Latest
No data

Financial flexibility

Cash & equivalents
No dataNo data
Total debt
No dataNo data
Net debt
No dataNo data
Current ratio
No dataNo data

Cash Coverage of Debt

Cash / Total debt
No data

Returns

Return on equity
No dataNo data
Return on assets
No dataNo data
Return on invested capital
No dataNo data
Asset turnover
No dataNo data

Return on capital

No data

Valuation

Price to earnings
No dataNo data
Price to sales
No dataNo data
EV / EBITDA
No dataNo data
Free cash flow yield
No dataNo data

Valuation vs its own 5Y history

Metric
Own five-year range
Current
Own 5Y median
Position in own range
Price to earnings
No data
No data
No data
No data
Price to sales
No data
No data
No data
No data
EV / EBITDA
No data
No data
No data
No data
Free cash flow yield
No data
No data
No data
No data