Carlyle Group Inc.

CG Financial Asset Management

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%
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
Dec '25 Dec '24 Dec '23 Dec '22 Dec '21 Dec '20 Dec '19 Dec '18 Dec '17 Dec '16
Piotroski F-Score
2 6 2 3 6 2 6 2 4 4
P/E ratio
26.27 17.72 0.00 8.82 6.55 32.41 10.28 17.12 8.89 222.86
P/S ratio
4.45 3.34 4.88 2.44 2.22 3.75 1.07 0.68 0.58 0.57
P/FCF ratio
0.00 0.00 0.00 0.00 11.15 0.00 10.97 0.00 0.00 0.00
P/Operating CF
(17.79) (51.32) 56.88 (89.69) 39.92 (188.03) (6.42) (3.74) (3.71) (3.01)
P/B ratio
3.01 2.85 2.50 1.59 3.42 3.76 1.22 0.67 0.84 0.89
Price to Tangible BV
3.25 3.17 2.88 1.83 3.44 3.82 1.25 0.69 0.85 0.91
EV/Sales
4.25 2.59 3.87 1.50 1.60 3.42 2.77 2.94 0.36 1.74
EV/EBITDA
10.26 6.29 99.19 3.20 3.21 11.01 6.09 11.00 0.86 7.87
EV/Operating CF
(6.21) (18.54) 56.01 (17.59) 7.82 (59.30) 26.10 (20.80) (187.21) (13.14)
EV/FCF
(5.09) (9.67) (23.90) (6.43) 8.01 (43.55) 28.30 (19.07) (32.34) (12.11)
Quick Ratio
2.33 2.32 2.27 2.58 2.44 2.25 0.38 0.52 2.50 1.25
Current Ratio
2.33 2.32 2.27 2.58 2.44 2.25 0.38 0.53 2.63 1.33
Net Debt/EBITDA
(0.47) (1.80) (25.72) (2.00) (1.26) (1.08) 3.73 8.48 (0.53) 5.30
Debt/Assets
46.10% 38.99% 41.40% 38.20% 37.47% 48.16% 48.40% 49.48% 47.86% 52.25%
Debt/Equity
1.90 1.42 1.52 1.20 1.40 2.57 2.25 2.25 1.99 3.58
Asset Turnover
0.18 0.25 0.14 0.21 0.48 0.20 0.25 0.19 0.33 0.11
Operating CF/Net income
(4.05) (0.74) (0.34) (0.31) 0.60 (0.49) 1.04 (3.70) (0.03) (46.97)
Capex/Depreciation
(0.52) (0.42) (0.37) (4.47) (0.80) (1.17) (0.42) (0.67) (0.82) (0.35)
Interest Coverage
2.39 3.00 (0.12) 6.01 14.79 3.34 6.88 2.44 3.24 1.08
ROE
12.07% 16.82% (9.65%) 19.56% 68.89% 11.80% 12.75% 3.71% 11.86% 0.17%
ROA
3.10% 4.61% (2.86%) 5.74% 16.13% 2.36% 2.58% 0.74% 2.14% 0.03%
ROIC
10.63% 36.86% (13.53%) 37.93% 1,181.60% 19.32% 9.03% 2.67% 30.61% 0.49%
Return on Tangible Assets
8.96% 12.47% (8.44%) 15.07% 35.44% 6.85% (17.38%) (7.56%) 5.09% 0.75%
Average Days of Receivables
79.51 70.14 102.53 56.02 21.55 44.98 37.65 86.69 31.20 41.20
Research and Development Expense of Revenue
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Selling, General and Administrative Expense of Revenue
62.57% 62.12% 102.18% 56.36% 50.83% 70.98% 56.40% 75.13% 60.88% 81.60%
Intangible Assets out of Total Assets
0.02 0.03 0.04 0.04 0.00 0.00 0.00 0.01 0.00 0.00
Share Based Compensation of Revenue
7.84% 8.62% 8.40% 3.47% 1.86% 3.58% 4.15% 9.88% 8.71% 14.71%
Graham Net Nets
(0.31) (0.15) (0.19) (0.14) (0.08) (0.35) (2.63) (5.22) (0.91) (4.28)
Graham Number
31.52 33.69 0.00 38.01 55.03 13.51 42.94 22.06 40.48 5.26
Earnings Yield
3.81% 5.64% (4.20%) 11.34% 15.26% 3.09% 9.73% 5.84% 11.24% 0.45%
Free Cash Flow Yield
(18.78%) (8.04%) (3.32%) (9.58%) 8.97% (2.09%) 9.12% (22.84%) (1.91%) (25.26%)
Revenue per Share
13.29 15.13 8.20 12.29 24.72 8.37 29.86 23.29 39.90 27.50
Operating CF per Share
(9.11) (2.12) 0.57 (1.05) 5.04 (0.48) 3.17 (3.30) (0.08) (3.63)
Capex per Share
(0.28) (0.22) (0.18) (1.82) (0.12) (0.17) (0.25) (0.30) (0.37) (0.31)
Free Cash Flow per Share
(9.38) (2.33) 0.38 (2.87) 4.93 (0.66) 2.93 (3.60) (0.45) (3.94)
Cash per Share
39.92 36.35 32.49 34.15 37.88 24.31 8.40 8.50 72.66 30.86
Shareholders Equity per Share
19.62 17.70 16.01 18.88 16.06 8.36 26.26 27.22 32.01 17.58
Interest Debt per Share
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Book value per Share
19.62 17.70 16.01 18.88 16.06 8.36 26.26 27.22 32.01 17.58
Free Cash Flow
(3,374.90) (837.20) 138.30 (1,038.30) 1,749.60 (230.40) 330.80 (374.80) (41.10) (326.00)
Working Capital
8,802.20 7,997.50 7,044.10 7,987.10 8,250.50 4,935.10 (2,094.80) (1,324.50) 4,577.90 744.20
Capital Expenditures
(99.40) (77.70) (66.60) (659.00) (41.40) (61.20) (27.80) (31.30) (34.00) (25.40)
Net Current Asset Value
(6,659.70) (2,680.10) (2,815.50) (1,542.00) (1,570.90) (3,833.90) (9,540.50) (8,563.90) (1,946.10) (5,519.60)
EV/EBIT
11.36 6.85 0.00 3.45 3.25 11.68 6.36 11.86 0.88 9.19
Capex to Sales
0.02 0.01 0.02 0.15 0.00 0.02 0.01 0.01 0.01 0.01
Price to Operating Income
20.42 13.22 0.00 6.71 4.85 18.32 2.89 4.61 2.06 40.07
Other line items
Depreciation/Fixed assets
0.85 0.99 1.12 1.05 0.36 0.35 0.61 0.49 0.41 0.68
Cash ROIC
(9.69%) (2.95%) 0.53% (3.80%) 6.45% (1.21%) 3.12% (3.71%) (0.26%) (3.54%)
Accounts Receivable Turnover
4.59 5.79 3.92 7.40 19.96 8.27 7.30 5.45 12.88 3.74
Accounts Payable Turnover
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Inventory Turnover
— — — 0.00 — — — 0.00 0.00 —
Average Days of Payables
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Days of Inventory on Hand
— — — 0.00 — — — 0.00 0.00 0.00
Average Receivables
1,041.95 937.65 756.95 599.85 440.00 354.95 462.40 445.35 285.45 608.65
Average Payables
689.65 620.70 670.70 749.75 745.40 810.00 756.60 600.60 589.20 651.55
Average Inventory
— — — 35.85 — — — 214.00 283.25 —
Average Assets
26,109.75 22,139.75 21,289.50 21,326.70 18,447.60 14,726.80 13,361.50 12,597.40 11,126.80 21,077.30
Average Common Equity
6,702.35 6,066.05 6,302.90 6,263.75 4,318.20 2,949.90 2,709.20 2,505.15 2,007.75 3,765.80

Fold the line items

Columns are period end dates