The Carlyle Group Inc. (CG) Financial Statements
Carlyle financial statements at a glance
Carlyle reported revenue of $3.21 billion for fiscal year 2025 (ended December 31, 2025), down 5.6% from fiscal year 2024. Net income was $808.70 million, a net margin of 25.2%.
At the end of fiscal year 2025 it had total assets of $29.12 billion, total liabilities of $22.06 billion and shareholders' equity of $5.76 billion, with cash of $3.21 billion and total debt of $13.89 billion.
Its operations brought in -$3.28 billion of cash; capital spending was $99.40 million, leaving free cash flow of -$3.37 billion.
The tables below show the income statement, balance sheet and cash flow statement; the key figures of the last 5 fiscal years are at the bottom of the page.
Figures from company filings, in USD; latest fiscal year ended December 31, 2025.
The Carlyle Group Inc.
Income Statement
Annual • USD
Carlyle key figures by fiscal year
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|
| Revenue | $3.2B | $3.4B | $1.3B | $3.4B | $5.5B |
| Net income | $808.7M | $1.0B | -$608.4M | $1.2B | $3.0B |
| Diluted EPS | – | $2.77 | -$1.68 | $3.35 | $8.20 |
| Total assets | $29.1B | $23.1B | $21.2B | $21.4B | $21.3B |
| Total liabilities | $22.1B | $16.8B | $15.4B | $14.6B | $15.5B |
| Shareholders' equity | $5.8B | $5.6B | $5.2B | $6.2B | $5.3B |
| Cash | $3.2B | $2.1B | $1.8B | $1.6B | $2.6B |
| Total debt | $13.9B | $9.5B | $9.3B | $8.7B | $8.5B |
| Operating cash flow | -$3.3B | -$759.5M | $204.9M | -$379.3M | $1.8B |
| Capital spending | $99.4M | $77.7M | $66.6M | $659.0M | $41.4M |
| Free cash flow | -$3.4B | -$837.2M | $138.3M | -$1.0B | $1.7B |
In USD. Fiscal years as reported by the company; statements on this page go back to fiscal year 2014.
Questions and answers
What was Carlyle's revenue in fiscal year 2025?
$3.21 billion, down 5.6% from $3.40 billion in fiscal year 2024.
How much profit does Carlyle make?
Carlyle reported net income of $808.70 million for fiscal year 2025 (25.2% of revenue).
How much cash and debt does Carlyle have?
At the end of fiscal year 2025: cash of $3.21 billion and total debt of $13.89 billion.
What is Carlyle's free cash flow?
-$3.37 billion in fiscal year 2025 (operating cash flow of -$3.28 billion minus capital spending of $99.40 million).
