# The Carlyle Group Inc. Common Stock (CG) — Stock CV

The Carlyle Group Inc. is a $13.7B financial services company. Revenue shrank 44.9% over the last year, and it keeps 10¢ of every dollar of sales as profit. It trades at 37.6× earnings — in the most expensive third of its own history.

> Carlyle Group is one of the world's largest alternative-asset managers, with $485.5 billion in total AUM, including $334.4 billion in fee-earning AUM, at the end of June 2026.

## Identity

- **Ticker**: CG
- **Sector**: Financial Services
- **Industry**: Investment Advice
- **Headquarters**: WASHINGTON, DC
- **Employees**: 2 500
- **Website**: https://www.carlyle.com
- **Market cap**: $13.7B
- **Last price**: $38.42
- **Financial profile**: Strained

## Vitals (TTM)

- **Revenue**: $3.61B
- **Net income**: $364M
- **Free cash flow**: -$4.12B
- **Net debt**: $11.9B
- **P/E**: 37.6
- **Revenue growth (YoY)**: -44.9%

## Skills (profile scores, 0–100)

| Pillar | Score |
|---|---|
| Valuation | 25 |
| Growth | 45 |
| Profitability | 50 |
| Health | 33 |
| Quality | 25 |
| Moat | 12 |

## Qualifications (beginner checklist) — 6 of 11 passed

- [ ] Revenue growing — -44.9% YoY
- [x] Profitable — $364M TTM
- [ ] Profit growing — -13.3% YoY
- [ ] Generates cash — -$4.12B TTM
- [ ] Debt under control — current ratio 0.53
- [x] Established company — $13.7B market cap
- [x] Not printing shares — +3.5% shares over ~5y
- [x] Proven track record — 9/10 profitable years
- [ ] Financially stable — Altman Z 0.5 — distress
- [x] Pays a dividend — yield 3.69%
- [x] Valuation not extreme — P/E 37.6

## Experience (career milestones)

- **FY2021** — Best year on record: $2.97B net income
- **FY2016** — First recorded profitable year: $6.40M net income
- **FY2016** — Revenue already above $1B: $2.27B in first reported year

## Strengths

- High gross margin (76.1%)
- Interest covered 97.5× by operating earnings

## Watch-outs

- Revenue shrinking 44.9% year over year
- Negative free cash flow (-$4.1B)
- Altman Z-Score 0.51 — elevated financial-distress risk
- Loss-making in 1 of the recent years

## Track record

| Year | Revenue | Net income | Free cash flow |
|---|---|---|---|
| FY2021 | $8.78B | $2.97B | $1.75B |
| FY2022 | $4.44B | $1.23B | -$420M |
| FY2023 | $2.96B | -$608M | $138M |
| FY2024 | $5.43B | $1.02B | -$837M |
| FY2025 | $4.78B | $809M | -$3.37B |

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Source: https://stockcv.com/CG — derived from company filings; may be delayed or incomplete. Information, not investment advice.