Saturday 17 October 2026 Export CG’s income statement to Excel — free account

Carlyle Group Inc.

Carlyle Group Inc.’s revenue for fiscal 2025 (year ended December 2025) was $4.8 billion, down 11.9% from fiscal 2024. In the quarter to June 2026, revenue fell 28.6%, EPS fell 57.3%, free cash flow grew 82.6% and total debt rose 35.2%, each against the same quarter a year earlier. Dividend growth for five consecutive years.

36.38 0.43 −1.17%

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Market cap: $13.1B
P/E: 36.0×
Fwd P/E: 11.9×
Dividend yield: 3.85%
F-score: 2/9
Altman Z: n/a
Beneish M: n/a
Dividend safety: n/a

Overview Business Profile Financial Analysis Income Statement Balance Sheet Cash Flow Metrics & Ratios 10-Q 10-K

Insider Decisions trades per month

Total sells 75.78

Totals in millions of $.

	Dec 25			Mar 26			Jun 26			Sep 26
Buy	—	—	—	—	—	—	—	—	—	—	—	—
Sell	—	1	—	—	1	—	—	—	—	—	1	—

Insider Ownership 28.25%

Capital & Financial Ratios $m

Market Cap 13,120.00

Revenue 3,611.30

Net Income 540.90

Free Cash Flow (4,122.80)

Net Debt 1,531.00

Current Ratio 2.35

Debt/Equity 1.91

P/E ratio 36.02

Fwd P/E 11.90

P/S ratio 3.60

P/B ratio 1.80

Past 5Y EPS Growth 17.58%

This Y EPS Growth (12.27%)

Next Y EPS Growth 42.23%

Next Y revenue growth (22.55%)

Next 5Y EPS Growth 13.64%

Green and red mark values outside typical ranges. How we judge →

Valuation vs history

P/E against its own 10 years 80.77%

10-year low 10-year high

P/S against its own 10 years 68.85%

10-year low 10-year high

P/B against its own 10 years 49.24%

10-year low 10-year high

Dividends

Payout Ratio 1.46

Annual Dividend Rate 1.40

Annual Dividend Yield 3.85%

	total	individual payouts
2028	Powerpack
2027	Powerpack
2026	1.40	0.35 0.35 0.35
2025	1.40	0.35 0.35 0.35 0.35
2024	1.40	0.35 0.35 0.35 0.35
2023	1.38	0.33 0.35 0.35 0.35
2022	1.23	0.25 0.33 0.33 0.33
2021	1.00	0.25 0.25 0.25 0.25
2020	1.00	0.25 0.25 0.25 0.25
2019	1.36	0.43 0.19 0.43 0.31
2018	1.24	0.33 0.27 0.22 0.42
2017	1.24	0.16 0.10 0.42 0.56
2016	1.68	0.29 0.26 0.63 0.50

predictions special payouts not included in total or ratios

Assets vs Liabilities $m

	2023	2024	2025	Q'26
Cash	11,743	13,033	14,358	12,272
Receivables	833	1,043	1,041	1,472
Inventory	—	—	—	—
Other	—	—	—	—
	12,576	14,076	15,399	13,744

	2023	2024	2025	Q'26
Payables	610	632	748	835
ST’ Debt	—	—	—	—
Other	—	—	—	—
	5,532	6,078	6,597	5,842

Compound Annual Growth %

	10y	5y	3y
Sales	4.75%	10.25%	2.50%
Cash Flow	0.00%	0.00%	0.00%
Earnings	0.00%	18.36%	(12.93%)
Book Value	1.51%	19.22%	1.14%

Revenue $m

	Mar	Jun	Sep	Dec	Year
’26	254	1,124	—	—	—
’25	973	1,573	333	1,901	4,780
’24	688	1,070	2,635	1,033	5,426
’23	859	462	717	926	2,964
’22	1,582	1,049	1,089	719	4,439
’21	2,437	2,706	1,640	1,999	8,782
’20	(746)	1,131	1,035	1,515	2,935

Fiscal quarters ending in the months shown.

Operating Cash Flow $m

	Mar	Jun	Sep	Dec	Year
’26	(1,242)	0	—	—	—
’25	(352)	(169)	(1,559)	(1,195)	(3,275)
’24	71	(1,270)	792	(353)	(759)
’23	(112)	(736)	800	254	205
’22	(372)	(187)	300	(121)	(379)
’21	70	526	707	489	1,791
’20	(246)	169	(34)	(59)	(169)

Fiscal quarters ending in the months shown.

Free Cash Flow $m

	Mar	Jun	Sep	Dec	Year
’26	(1,270)	(32)	—	—	—
’25	(369)	(186)	(1,583)	(1,237)	(3,375)
’24	57	(1,287)	773	(379)	(837)
’23	(125)	(756)	783	237	138
’22	(1,002)	(192)	292	(136)	(1,038)
’21	60	518	698	474	1,750
’20	(259)	159	(47)	(82)	(230)

Fiscal quarters ending in the months shown.

EPS $

	Mar	Jun	Sep	Dec	Year
’26	(0.37)	0.37	—	—	—
’25	0.35	0.87	0.00	0.96	2.18
’24	0.18	0.40	1.63	0.57	2.77
’23	0.28	(0.27)	0.22	(1.92)	(1.68)
’22	1.57	0.67	0.77	0.35	3.35
’21	2.41	2.55	1.46	1.77	8.20
’20	(1.76)	0.41	0.82	1.44	0.97

Fiscal quarters ending in the months shown.

Group	Line	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025	2026e
Price, $
Price, $	Low	11.25	15.20	15.09	15.54	15.21	30.41	24.59	25.20	36.65	33.02	Analyst estimates 2026–2028 Powerpack
	High	17.97	24.85	25.90	32.50	34.98	60.62	56.00	42.49	55.11	69.85
People
People	Employees	1,600	1,600	1,650	1,775	1,825	1,850	2,100	2,200	2,300	2,500
	Revenue/emp, $m	1.42	2.30	1.47	1.90	1.61	4.75	2.11	1.35	2.36	1.91
Income, $m
Income, $m	Revenue	2,274	3,676	2,427	3,377	2,935	8,782	4,439	2,964	5,426	4,780
	Gross margin, %	100.00	100.00	100.00	100.00	100.00	100.00	100.00	100.00	100.00	100.00
	EBT	45	1,132	360	1,233	580	4,028	1,573	(601)	1,394	1,159
	EBT margin, %	1.99	30.80	14.84	36.52	19.76	45.86	35.43	(20.27)	25.69	24.25
	Net income	15	1,007	329	1,184	383	3,045	1,285	(497)	1,091	945
	Depreciation	72	41	47	66	52	52	147	181	184	192
Per share, $
Per share, $	Revenue	27.50	39.90	23.29	29.86	8.37	24.72	12.29	8.20	15.13	13.29
	Earnings	0.08	2.58	0.89	3.05	0.99	8.37	3.38	(1.68)	2.85	2.25
	Cash flow	(3.63)	(0.08)	(3.30)	3.17	(0.48)	5.04	(1.05)	0.57	(2.12)	(9.11)
	Capex	(0.31)	(0.37)	(0.30)	(0.25)	(0.17)	(0.12)	(1.82)	(0.18)	(0.22)	(0.28)
	Free cash flow	(3.94)	(0.45)	(3.60)	2.93	(0.66)	4.93	(2.87)	0.38	(2.33)	(9.38)
	Book value	17.58	32.01	27.22	26.26	8.36	16.06	18.88	16.01	17.70	19.62
	Shares, m	83	92	104	113	350	355	361	361	359	360
Valuation, ×
Valuation, ×	P/E	222.86	8.89	17.12	10.28	32.41	6.55	8.82	0.00	17.72	26.27
	P/S	0.57	0.58	0.68	1.07	3.75	2.22	2.44	4.88	3.34	4.45
	P/B	0.89	0.84	0.67	1.22	3.76	3.42	1.59	2.50	2.85	3.01
	EV/Sales	1.74	0.36	2.94	2.77	3.42	1.60	1.50	3.87	2.59	4.25
	EV/FCF	(12.11)	(32.34)	(19.07)	28.30	(43.55)	8.01	(6.43)	(23.90)	(9.67)	(5.09)
Cash, $m
Cash, $m	Operating cash flow	(301)	(7)	(343)	359	(169)	1,791	(379)	205	(759)	(3,275)
	Capex	(25)	(34)	(31)	(28)	(61)	(41)	(659)	(67)	(78)	(99)
	Free cash flow	(326)	(41)	(375)	331	(230)	1,750	(1,038)	138	(837)	(3,375)
Balance, $m
Balance, $m	Working capital	744	4,578	(1,324)	(2,095)	4,935	8,251	7,987	7,044	7,998	8,802
	Total debt	5,211	5,877	6,391	6,683	7,534	7,962	8,177	8,768	9,008	13,423
	Net debt	2,658	(818)	5,505	5,733	(985)	(5,493)	(4,161)	(2,976)	(4,025)	(935)
	Shareholders’ equity	1,454	2,949	2,836	2,970	2,930	5,706	6,821	5,785	6,348	7,057
Returns, %
Returns, %	ROA	0.03	2.14	0.74	2.58	2.36	16.13	5.74	(2.86)	4.61	3.10
	ROIC	0.49	30.61	2.67	9.03	19.32	1,181.60	37.93	(13.53)	36.86	10.63
	ROE	0.17	11.86	3.71	12.75	11.80	68.89	19.56	(9.65)	16.82	12.07

Negative figures in brackets.

All 10 years →

Fiscal years to Dec 2025 · latest quarter Jun 2026

Charts ten years each

Company	Market cap	P/E	Fwd P/E	Revenue growth (Q)	EPS growth (Q)	FCF growth (Q)	Gross margin (Q)	EBIT margin (Q)	Compare
TPG TPG Inc.	$16.7B	36.0×	14.3×	+100.04% (above 0%: growing)	n/m	−14.25% (below 0%: shrinking)	100.00%	20.65%	Compare
BEN Franklin Resources Inc	$15.9B	21.1×	18.2×	+14.26% (above 0%: growing)	+106.67% (above 0%: growing)	−55.71% (below 0%: shrinking)	100.00%	9.15%	Compare
CRBG Corebridge Financial, Inc.	$15.4B	20.1×	7.5×	+43.58% (above 0%: growing)	n/m	+83.01% (above 0%: growing)	31.27%	4.68%	Compare
EQH Equitable Holdings, Inc.	$14.6B	— (loss-making)	6.8×	−29.81% (below 0%: shrinking)	n/m	+89.52% (above 0%: growing)	50.84%	(26.36%)	Compare
OWL Blue Owl Capital Inc.	$14.0B	73.8×	28.8×	+7.10% (above 0%: growing)	−33.33% (below 0%: shrinking)	+9.82% (above 0%: growing)	100.00%	15.46%	Compare
ARCC Ares Capital Corporation	$13.6B	13.9×	12.0×	+3.09% (above 0%: growing)	−53.85% (below 0%: shrinking)	+254.13% (above 0%: growing)	100.00%	75.65%	Compare
CG Carlyle Group Inc.	$13.1B	36.0×	11.9×	−28.57% (below 0%: shrinking)	−57.30% (below 0%: shrinking)	+82.56% (above 0%: growing)	100.00%	39.97%
IVZ Invesco Ltd.	$12.7B	— (loss-making)	11.1×	+20.46% (above 0%: growing)	n/m	+32.67% (above 0%: growing)	65.65%	19.95%	Compare
SEIC SEI Investments Company	$12.6B	18.0×	15.6×	+14.66% (above 0%: growing)	−10.44% (below 0%: shrinking)	+30.30% (above 0%: growing)	100.00%	30.71%	Compare
Median of peers	$14.3B	20.6×	13.2×	+14.46%	−21.88%	+31.48%	100.00%	17.70%

All 120 Asset Management stocks →

Carlyle Group Inc. (CG) key facts

Concern: Carlyle Group Inc.’s revenue for fiscal 2025 (year ended December 2025) was $4.8 billion, down 11.9% from fiscal 2024.
Carlyle Group Inc. (CG) is an Asset Management company in the Financial sector, listed on Nasdaq.
As of October 16, 2026, CG traded at $36.38, a market capitalization of $13.1 billion.
Carlyle Group Inc. pays an annual dividend of $1.40 per share, a yield of 3.85%, with a payout ratio of 145.8%.
Return on equity was 12.1% and debt-to-equity 1.91.
Its Piotroski F-score is 2 out of 9 for fiscal 2025.