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Side-by-side financial comparison of Brightstar Lottery PLC (BRSL) and Carlyle Group Inc. (CG). Click either name above to swap in a different company.
Brightstar Lottery PLC is the larger business by last-quarter revenue ($2.5B vs $1.9B, roughly 1.3× Carlyle Group Inc.). Carlyle Group Inc. runs the higher net margin — 18.8% vs 5.9%, a 13.0% gap on every dollar of revenue. Brightstar Lottery PLC produced more free cash flow last quarter ($-415.0M vs $-1.2B).
The Carlyle Group Inc. is an American multinational company with operations in private equity, alternative asset management and financial services. As of 2023, the company had $426 billion of assets under management.
BRSL vs CG — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $2.5B | $1.9B |
| Net Profit | $147.0M | $358.1M |
| Gross Margin | — | — |
| Operating Margin | 11.9% | 24.3% |
| Net Margin | 5.9% | 18.8% |
| Revenue YoY | — | 84.1% |
| Net Profit YoY | — | 69.8% |
| EPS (diluted) | $0.74 | $0.96 |
Green = leading value per metric. Periods may differ when fiscal calendars don't align.
8-Quarter Revenue & Profit Trend
Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.
| Q4 25 | $2.5B | $1.9B | ||
| Q3 25 | — | $332.7M | ||
| Q2 25 | — | $1.6B | ||
| Q1 25 | — | $973.1M | ||
| Q4 24 | — | $1.0B | ||
| Q3 24 | — | $2.6B | ||
| Q2 24 | — | $1.1B | ||
| Q1 24 | — | $688.4M |
| Q4 25 | $147.0M | $358.1M | ||
| Q3 25 | — | $900.0K | ||
| Q2 25 | — | $319.7M | ||
| Q1 25 | — | $130.0M | ||
| Q4 24 | — | $210.9M | ||
| Q3 24 | — | $595.7M | ||
| Q2 24 | — | $148.2M | ||
| Q1 24 | — | $65.6M |
| Q4 25 | 11.9% | 24.3% | ||
| Q3 25 | — | 25.8% | ||
| Q2 25 | — | 28.0% | ||
| Q1 25 | — | 17.6% | ||
| Q4 24 | — | 25.7% | ||
| Q3 24 | — | 29.9% | ||
| Q2 24 | — | 20.5% | ||
| Q1 24 | — | 17.5% |
| Q4 25 | 5.9% | 18.8% | ||
| Q3 25 | — | 0.3% | ||
| Q2 25 | — | 20.3% | ||
| Q1 25 | — | 13.4% | ||
| Q4 24 | — | 20.4% | ||
| Q3 24 | — | 22.6% | ||
| Q2 24 | — | 13.9% | ||
| Q1 24 | — | 9.5% |
| Q4 25 | $0.74 | $0.96 | ||
| Q3 25 | — | $0.00 | ||
| Q2 25 | — | $0.87 | ||
| Q1 25 | — | $0.35 | ||
| Q4 24 | — | $0.56 | ||
| Q3 24 | — | $1.63 | ||
| Q2 24 | — | $0.40 | ||
| Q1 24 | — | $0.18 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $1.4B | $2.0B |
| Total DebtLower is stronger | $4.1B | — |
| Stockholders' EquityBook value | $875.0M | $7.1B |
| Total Assets | $9.2B | $29.1B |
| Debt / EquityLower = less leverage | 4.64× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $1.4B | $2.0B | ||
| Q3 25 | — | $2.2B | ||
| Q2 25 | — | $1.3B | ||
| Q1 25 | — | $1.2B | ||
| Q4 24 | — | $1.3B | ||
| Q3 24 | — | $1.4B | ||
| Q2 24 | — | $914.8M | ||
| Q1 24 | — | $1.3B |
| Q4 25 | $4.1B | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| Q4 25 | $875.0M | $7.1B | ||
| Q3 25 | — | $6.8B | ||
| Q2 25 | — | $6.7B | ||
| Q1 25 | — | $6.4B | ||
| Q4 24 | — | $6.3B | ||
| Q3 24 | — | $6.3B | ||
| Q2 24 | — | $5.7B | ||
| Q1 24 | — | $5.7B |
| Q4 25 | $9.2B | $29.1B | ||
| Q3 25 | — | $27.1B | ||
| Q2 25 | — | $25.1B | ||
| Q1 25 | — | $24.1B | ||
| Q4 24 | — | $23.1B | ||
| Q3 24 | — | $22.7B | ||
| Q2 24 | — | $22.3B | ||
| Q1 24 | — | $20.8B |
| Q4 25 | 4.64× | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | $-99.0M | $-1.2B |
| Free Cash FlowOCF − Capex | $-415.0M | $-1.2B |
| FCF MarginFCF / Revenue | -16.5% | -65.1% |
| Capex IntensityCapex / Revenue | 12.6% | 2.2% |
| Cash ConversionOCF / Net Profit | -0.67× | -3.34× |
| TTM Free Cash FlowTrailing 4 quarters | — | $-3.4B |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-99.0M | $-1.2B | ||
| Q3 25 | — | $-1.6B | ||
| Q2 25 | — | $-168.8M | ||
| Q1 25 | — | $-352.1M | ||
| Q4 24 | — | $-352.8M | ||
| Q3 24 | — | $791.9M | ||
| Q2 24 | — | $-1.3B | ||
| Q1 24 | — | $71.1M |
| Q4 25 | $-415.0M | $-1.2B | ||
| Q3 25 | — | $-1.6B | ||
| Q2 25 | — | $-186.3M | ||
| Q1 25 | — | $-368.8M | ||
| Q4 24 | — | $-379.5M | ||
| Q3 24 | — | $772.8M | ||
| Q2 24 | — | $-1.3B | ||
| Q1 24 | — | $56.9M |
| Q4 25 | -16.5% | -65.1% | ||
| Q3 25 | — | -475.7% | ||
| Q2 25 | — | -11.8% | ||
| Q1 25 | — | -37.9% | ||
| Q4 24 | — | -36.8% | ||
| Q3 24 | — | 29.3% | ||
| Q2 24 | — | -120.4% | ||
| Q1 24 | — | 8.3% |
| Q4 25 | 12.6% | 2.2% | ||
| Q3 25 | — | 7.0% | ||
| Q2 25 | — | 1.1% | ||
| Q1 25 | — | 1.7% | ||
| Q4 24 | — | 2.6% | ||
| Q3 24 | — | 0.7% | ||
| Q2 24 | — | 1.7% | ||
| Q1 24 | — | 2.1% |
| Q4 25 | -0.67× | -3.34× | ||
| Q3 25 | — | -1732.78× | ||
| Q2 25 | — | -0.53× | ||
| Q1 25 | — | -2.71× | ||
| Q4 24 | — | -1.67× | ||
| Q3 24 | — | 1.33× | ||
| Q2 24 | — | -8.57× | ||
| Q1 24 | — | 1.08× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
BRSL
Segment breakdown not available.
CG
| Fund Management Fee | $606.8M | 32% |
| Other | $528.7M | 28% |
| Global Private Equity Segment | $307.3M | 16% |
| Global Credit Segment | $238.0M | 13% |
| Carlyle Alp Invest Segment | $124.6M | 7% |
| Incentive Fee | $55.4M | 3% |
| Fee Related Performance Revenues | $29.2M | 2% |
| Investment Advice | $11.1M | 1% |
