Carlyle Group Inc. (CG) Financial Statements
Industry: Investment Advice
In fiscal 2025, Carlyle reported revenue of $4.78B, down 11.9% from $5.43B the year before. Net income was $808.7M (a 16.9% net margin), or $2.18 per diluted share. Gross margin was 21.8% and operating margin was 21.8%. Operating activities generated -$3.28B of cash, leaving -$3.37B of free cash flow. At fiscal year end, Carlyle held $29.12B in total assets against $22.06B in total liabilities, including $1.97B of cash and equivalents.
Open the full interactive Carlyle financials → Quarterly statements, key ratios, valuation history and price charts.
Carlyle Key Stats
| Share Price | $37.24 |
|---|---|
| Market Cap | $13.68B |
| P/E Ratio | 17.1 |
| Revenue YoY Growth | -11.9% |
| 52-Week Range | $37.24 – $64.75 |
| Shares Outstanding | 357.8 million (basic, 2026 Q2) |
Carlyle Income Statement
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Revenue | $2.93B | $8.78B | $4.44B | $2.96B | $5.43B | $4.78B |
| Cost of Goods Sold | $2.33B | $4.76B | $2.82B | $3.57B | $4.06B | $3.74B |
| Gross Profit | $601.3M | $4.03B | $1.61B | -$607.8M | $1.37B | $1.04B |
| Operating Income | $252.0M | $3.59B | $1.04B | -$607.8M | $1.37B | $1.04B |
| Pre-Tax Income | $580.0M | $4.03B | $1.57B | -$600.9M | $1.39B | $1.16B |
| Income Tax | $197.2M | $982.3M | $287.8M | -$104.2M | $302.6M | $214.5M |
| Net Income | $348.2M | $2.97B | $1.23B | -$608.4M | $1.02B | $808.7M |
| Diluted EPS | $0.97 | $8.20 | $3.35 | -$1.68 | $2.77 | $2.18 |
Carlyle Quarterly Results
| 2025 Q3 | 2025 Q4 | 2026 Q1 | 2026 Q2 | |
|---|---|---|---|---|
| Revenue | $332.7M | $1.90B | $254.0M | $1.12B |
| Net Income | $900,000 | $358.1M | -$132.2M | $137.1M |
| Diluted EPS | — | $0.97 | -$0.37 | $0.37 |
Carlyle Balance Sheet
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | $987.6M | $2.47B | $1.36B | $1.44B | $1.27B | $1.97B |
| Total Assets | $15.64B | $21.25B | $21.40B | $21.18B | $23.10B | $29.12B |
| Total Long-Term Debt | $5.61B | $5.90B | $6.08B | $6.52B | $2.14B | $3.00B |
| Total Liabilities | $12.71B | $15.54B | $14.58B | $15.39B | $16.76B | $22.06B |
| Shareholders' Equity | $2.93B | $5.71B | $6.82B | $5.78B | $6.35B | $7.06B |
Carlyle Cash Flow Statement
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Cash From Operations | -$169.2M | $1.79B | -$379.3M | $204.9M | -$759.5M | -$3.28B |
| Cash From Investing | -$61.2M | -$32.2M | -$828.8M | -$43.6M | -$77.6M | -$99.4M |
| Cash From Financing | $370.3M | -$242.5M | $114.8M | -$99.6M | $682.8M | $3.99B |
| Free Cash Flow | -$230.4M | $1.75B | -$419.9M | $138.3M | -$837.2M | -$3.37B |
Figures from Carlyle's 10-K and 10-Q filings with the SEC, as of 2026-10-14. Fiscal years follow the company's own reporting calendar. EPS and share counts are adjusted for later stock splits. See the full Carlyle financials page for every line item.
Carlyle Company Profile
| Ticker | CG |
|---|---|
| Exchange | Nasdaq |
| Industry | Investment Advice |
| Headquarters | Washington, District of Columbia |
| Incorporated in | Delaware |
| Fiscal Year End | December 31 |
| SEC Filer Category | Large accelerated filer |
| SEC CIK | 0001527166 |
Frequently Asked Questions
What was Carlyle's revenue in fiscal 2025?
Carlyle (CG) reported revenue of $4.78B for fiscal 2025.
What is Carlyle's annual revenue history?
Carlyle's annual revenue by fiscal year: 2020: $2.93B; 2021: $8.78B; 2022: $4.44B; 2023: $2.96B; 2024: $5.43B; 2025: $4.78B.
What was Carlyle's net income in fiscal 2025?
Carlyle reported net income of $808.7M for fiscal 2025.
What was Carlyle's earnings per share (EPS) in fiscal 2025?
Carlyle's diluted EPS was $2.18 for fiscal 2025 (adjusted for any later stock splits).
How much free cash flow did Carlyle generate in fiscal 2025?
Carlyle generated -$3.37B of free cash flow in fiscal 2025.
What was Carlyle's revenue last quarter?
In its most recent reported quarter (2026 Q2), Carlyle reported revenue of $1.12B.
How much debt does Carlyle have?
Carlyle reported $3.00B of long-term debt, including the current portion, at the end of fiscal 2025.
How many shares of Carlyle are outstanding?
Carlyle reported a weighted average of 357.8 million basic shares outstanding in 2026 Q2.
What is Carlyle's market cap?
Based on its latest closing price, Carlyle (CG) has a market capitalization of about $13.68B.
When does Carlyle's fiscal year end?
Carlyle's fiscal year end, as registered with the SEC, is December 31.
Where is Carlyle headquartered?
Carlyle lists its business address in Washington, District of Columbia in its SEC filings.