MARKETS / NASDAQ / CG

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Carlyle Group Inc. CG

16 fiscal years on record · USD · FY2025 reported · SEC filings only

Revenue

$4.8B

▼ 11.9% YoY

Net income

$808.7M

▼ 20.7% YoY

Free cash flow

$-3.4B

In brief

What this company does

Carlyle deploys private capital as a global investment firm. It has grown to manage $477 billion in AUM as of December 31, 2025. It has more than 2,500 employees, including 770 investment professionals in 27 offices across four continents, and serves more than 3,200 active carry fund investors from 87 countries. It operates its business across three segments: Global Private Equity, Global Credit, and Carlyle AlpInvest. The Carlyle AlpInvest segment, established in 2011, provides 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.

Written from the business description in Carlyle Group Inc.'s annual report to the U.S. Securities and Exchange Commission, filed 27 February 2026. Every sentence was checked against that document before publication.

Growth

USD 4.8B

Revenue, FY2025 · full 16-year series below

Revenue $B Net income $B

FY2025 · Revenue 4.8 · Net income 0.8

Compound annual growth

Revenue

+2.5%

+10.2%

+4.7%

+3.6%

Net income

−12.9%

+18.4%

EPS, diluted

−13.3%

+17.6%

Returned to shareholders

+23.7%

+25.8%

+16.9%

3 yrs

5 yrs

10 yrs

15 yrs

Revenue compounded at +10.2% a year over five years — but profit grew faster: net income at +18.4%, earnings per share at +17.6%.

The share count rose from 0.35B to 0.36B over the period.

Compound annual rates per period — left blank where that exact year isn't on file, the series crosses a loss, or (per-share rows) a split falls inside the window.

Profitability

20 cents

of every revenue dollar became profit

Operating margin Net margin

FY2025 · Operating 24.3% · Net 19.8%

ROE

Not available in our data for this period.

Gross margin—

Operating margin24.3%

Net margin19.8%

Return on assets3.6%

EBITDAUSD 1.4B

Cash & shareholders

USD 1.2B

returned in FY2025 · dividends + net buybacks

Free cash flow $B

FY2025 · FCF -3.4

Net buybacks $M Dividends $M

FY2025 · Dividends 505.1 · Net buybacks 686.5

Dividends paidUSD 505.1M

Net buybacksUSD 686.5M

Share of profit147.3%

Consecutive raises—

USD 505.1M in dividends and USD 686.5M in buybacks — 147% of the year's profit, so the payout drew on cash built up earlier.

Total assetsUSD 29.1B

CashUSD 2.0B

Not available: we don't have the total debt figure for this period.

The 16-year record

16 fiscal years

Every figure from documents filed with the SEC · USD

EPS, diluted, dividend per share and shares outstanding are shown without shading, and a vertical line marks the year the share count changed — the series crosses a large, unexplained change in share count, so the years on either side are not on a comparable scale.

row low → row highnegative

Metric	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010
Revenue $B	4.8	5.4	3.0	4.4	8.8	2.9	3.4	2.4	3.7	2.3	3.0	3.9	4.4	3.0	2.8	2.8
Operating income $B	1.2	1.4	−0.6	1.6	4.0	0.6	1.2	0.4	1.1	0.0	0.4	1.0	1.4	2.4	1.2	1.5
EBITDA $B	1.4	1.6	−0.4	1.7	4.1	0.6	1.3	0.4	1.2	·	·	1.2	1.6	2.5	1.3	1.5
Income tax $B	0.2	0.3	−0.1	0.3	1.0	0.2	0.0	0.0	0.1	0.0	0.0	0.1	0.1	0.0	0.0	0.0
Net income $B	0.8	1.0	−0.6	1.2	3.0	0.3	0.4	0.1	0.2	0.0	−0.0	0.1	0.1	0.0	1.2	1.5
Free cash flow $B	−3.4	−0.8	0.1	−0.4	1.7	−0.2	0.3	−0.4	−0.0	−0.3	3.8	2.6	3.0	2.0	2.6	2.9
EPS, diluted $	2.18	2.77	−1.68	3.35	8.20	0.97	2.82	0.82	2.38	−0.08	−0.30	1.23	2.05	0.41	·	·
Dividend / sh $	1.40	1.40	1.40	·	·	·	·	·	1.24	1.68	3.39	1.88	1.33	0.27	·	·
Payout %	62	49	−82	36	12	101	41	111	48	2202	−1364	120	58	58	·	·
ROE %	·	·	·	·	·	·	·	·	·	·	·	·	·	·	·	·
Shares out B	0.36	0.36	0.36	0.36	0.36	0.35	0.12	0.11	0.10	0.08	0.08	0.07	0.05	0.04	·	·

Slide the table for earlier years · "·" marks a figure not available in our data for that year.

Provenance

Company facts, as filed

How we verify · 0 failures in 45 reconciliationsAUDITED

Reconciled in 16 of 19 fiscal years. 28 checks could not be computed.

EPS recomputationBalance-sheet identityGross profitBalance-sheet liquiditymoeda_consistente0 failures

ActivityInvestment Advice

Listed onNASDAQ

Incorporated inDelaware

Fiscal year endsDecember 31

Data on record since2010