The Carlyle Group CG Ratios & Valuation
| Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | ||
|---|---|---|---|---|---|---|
| Profitability | ||||||
| Net margin | 13.5%-3.5pp | 16.9%0.0pp | 16.9%-3.3pp | 20.2%+1.2pp | 19%+0.2pp | |
| EBITDA margin | 28.1%-2.8pp | 30.9%-1.6pp | 32.4%+0.7pp | 31.7%+1.1pp | 30.6%-0.7pp | |
| Free cash flow margin | -105.3%-34.7pp | -70.6%-6.2pp | -64.4%— | —— | —— | |
| Returns | ||||||
| Return on equity | 7.9%-4.1pp | 12.1%+2.0pp | 10%-10.1pp | 20.2%+2.3pp | 17.9%+1.1pp | |
| Return on assets | 2%-1.1pp | 3.1%+0.4pp | 2.7%-2.6pp | 5.3%+0.5pp | 4.8%+0.2pp | |
| Return on invested capital | 12.7%-6.1pp | 18.8%+1.3pp | 17.5%-7.7pp | 25.3%+1.9pp | 23.4%+0.6pp | |
| Efficiency | ||||||
| Asset turnover | 0.2×0.0× | 0.2×0.0× | 0.2×-0.1× | 0.3×0.0× | 0.3×0.0× | |
| Leverage | ||||||
| Debt-to-equity | 0.1×0.0× | 0.1×0.0× | 0.1×0.0× | 0.1×0.0× | 0.1×0.0× | |
| Debt-to-assets | 0×0.0× | 0×0.0× | 0×0.0× | 0×0.0× | 0×0.0× | |
| Net debt / EBITDA | -1.1×0.0× | -1×+0.4× | -1.4×-1.0× | -0.4×0.0× | -0.4×+0.1× | |
| Interest coverage | 7×-3.3× | 10.4×+1.0× | 9.4×-6.0× | 15.4×+2.2× | 13.2×+0.7× | |
| Per Share | ||||||
| Book value per share | $20.53+7.9% | $19.03+4.6% | $18.18-0.7% | $18.31+5.0% | $17.43+1.1% | |
| Valuation | ||||||
| Market capitalization | $17.48B-18.0% | $21.3B-6.1% | $22.68B+27.8% | $17.74B+12.7% | $15.74B-12.8% | |
| Enterprise value | $16.26B-17.9% | $19.8B-5.4% | $20.93B+23.4% | $16.96B+12.7% | $15.05B-12.9% | |
| Price / earnings | 32×+5.6× | 26.3×-7.9× | 34.3×+20.2× | 14.1×-0.4× | 14.5×-3.2× | |
| Price / sales | 4.3×-0.2× | 4.5×-1.3× | 5.8×+2.9× | 2.9×+0.1× | 2.8×-0.6× | |
| Price / book | 2.4×-0.6× | 3×-0.3× | 3.3×+0.7× | 2.6×+0.2× | 2.5×-0.4× | |
| EV / EBITDA | 14.3×+0.8× | 13.4×-3.1× | 16.5×+7.9× | 8.6×0.0× | 8.6×-1.6× | |
| EV / sales | 4×-0.1× | 4.1×-1.2× | 5.4×+2.6× | 2.7×+0.1× | 2.6×-0.6× | |
| Free cash flow yield | -24.5%-8.6pp | -15.8%-4.7pp | -11.1%— | —— | —— | |
| Earnings yield | 3.1%-0.7pp | 3.8%+0.9pp | 2.9%-4.2pp | 7.1%+0.2pp | 6.9%+1.2pp | |
| Dividend yield | 2.9%+0.5pp | 2.4%+0.1pp | 2.2%-0.6pp | 2.8%-0.4pp | 3.2%+0.4pp |
Chart any of these lines over time, or line them up against competitors.
Compare these in charts →Questions, answered.
- Where do The Carlyle Group's ratios come from?
- Every ratio is computed from The Carlyle Group's SEC filings — trailing-twelve-month flows over period-end balances. Valuation multiples combine those fundamentals with market data, recomputed each period. Switch between quarterly, annual, and TTM, or open any ratio for its full history and peer comparisons.
