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Side-by-side financial comparison of Carlyle Group Inc. (CG) and CIVITAS RESOURCES, INC. (CIVI). Click either name above to swap in a different company.
Carlyle Group Inc. is the larger business by last-quarter revenue ($1.9B vs $1.2B, roughly 1.6× CIVITAS RESOURCES, INC.). On growth, Carlyle Group Inc. posted the faster year-over-year revenue change (84.1% vs -8.2%). Over the past eight quarters, Carlyle Group Inc.'s revenue compounded faster (66.2% CAGR vs 1.8%).
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.
Civitas Resources, Inc. is a U.S.-based sustainable energy enterprise focused on the exploration, development, and production of oil, natural gas, and natural gas liquids. It primarily operates across the Denver-Julesburg Basin in Colorado, prioritizing low-emission, responsible energy production to meet diverse North American energy demand.
CG vs CIVI — Head-to-Head
Income Statement — Q4 FY2025 vs Q3 FY2025
| Metric | | |
|---|---|---|
| Revenue | $1.9B | $1.2B |
| Net Profit | $358.1M | — |
| Gross Margin | — | — |
| Operating Margin | 24.3% | 20.0% |
| Net Margin | 18.8% | — |
| Revenue YoY | 84.1% | -8.2% |
| Net Profit YoY | 69.8% | — |
| EPS (diluted) | $0.96 | $1.99 |
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 | $1.9B | — | ||
| Q3 25 | $332.7M | $1.2B | ||
| Q2 25 | $1.6B | $1.1B | ||
| Q1 25 | $973.1M | $1.2B | ||
| Q4 24 | $1.0B | $1.3B | ||
| Q3 24 | $2.6B | $1.3B | ||
| Q2 24 | $1.1B | $1.3B | ||
| Q1 24 | $688.4M | $1.3B |
| Q4 25 | $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 | 24.3% | — | ||
| Q3 25 | 25.8% | 20.0% | ||
| Q2 25 | 28.0% | 15.3% | ||
| Q1 25 | 17.6% | 20.7% | ||
| Q4 24 | 25.7% | 15.4% | ||
| Q3 24 | 29.9% | 30.6% | ||
| Q2 24 | 20.5% | 21.6% | ||
| Q1 24 | 17.5% | 15.9% |
| Q4 25 | 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 | $0.96 | — | ||
| Q3 25 | $0.00 | $1.99 | ||
| Q2 25 | $0.87 | $1.34 | ||
| Q1 25 | $0.35 | $1.99 | ||
| Q4 24 | $0.56 | $1.56 | ||
| Q3 24 | $1.63 | $3.01 | ||
| Q2 24 | $0.40 | $2.15 | ||
| Q1 24 | $0.18 | $1.74 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $2.0B | $56.0M |
| Total DebtLower is stronger | — | $5.1B |
| Stockholders' EquityBook value | $7.1B | $6.7B |
| Total Assets | $29.1B | $15.1B |
| Debt / EquityLower = less leverage | — | 0.77× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $2.0B | — | ||
| Q3 25 | $2.2B | $56.0M | ||
| Q2 25 | $1.3B | $69.0M | ||
| Q1 25 | $1.2B | $20.0M | ||
| Q4 24 | $1.3B | $76.0M | ||
| Q3 24 | $1.4B | $47.1M | ||
| Q2 24 | $914.8M | $91.9M | ||
| Q1 24 | $1.3B | $52.1M |
| Q4 25 | — | — | ||
| Q3 25 | — | $5.1B | ||
| Q2 25 | — | $5.4B | ||
| Q1 25 | — | $5.1B | ||
| Q4 24 | — | $4.5B | ||
| Q3 24 | — | $4.8B | ||
| Q2 24 | — | $4.9B | ||
| Q1 24 | — | $4.4B |
| Q4 25 | $7.1B | — | ||
| Q3 25 | $6.8B | $6.7B | ||
| Q2 25 | $6.7B | $6.8B | ||
| Q1 25 | $6.4B | $6.7B | ||
| Q4 24 | $6.3B | $6.6B | ||
| Q3 24 | $6.3B | $6.7B | ||
| Q2 24 | $5.7B | $6.6B | ||
| Q1 24 | $5.7B | $6.6B |
| Q4 25 | $29.1B | — | ||
| Q3 25 | $27.1B | $15.1B | ||
| Q2 25 | $25.1B | $15.4B | ||
| Q1 25 | $24.1B | $15.3B | ||
| Q4 24 | $23.1B | $14.9B | ||
| Q3 24 | $22.7B | $15.0B | ||
| Q2 24 | $22.3B | $15.0B | ||
| Q1 24 | $20.8B | $15.1B |
| Q4 25 | — | — | ||
| Q3 25 | — | 0.77× | ||
| Q2 25 | — | 0.79× | ||
| Q1 25 | — | 0.76× | ||
| Q4 24 | — | 0.68× | ||
| Q3 24 | — | 0.73× | ||
| Q2 24 | — | 0.74× | ||
| Q1 24 | — | 0.67× |
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 | $-1.2B | $860.0M |
| Free Cash FlowOCF − Capex | $-1.2B | — |
| FCF MarginFCF / Revenue | -65.1% | — |
| Capex IntensityCapex / Revenue | 2.2% | — |
| Cash ConversionOCF / Net Profit | -3.34× | — |
| TTM Free Cash FlowTrailing 4 quarters | $-3.4B | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-1.2B | — | ||
| Q3 25 | $-1.6B | $860.0M | ||
| Q2 25 | $-168.8M | $298.0M | ||
| Q1 25 | $-352.1M | $719.0M | ||
| Q4 24 | $-352.8M | $858.2M | ||
| Q3 24 | $791.9M | $835.0M | ||
| Q2 24 | $-1.3B | $359.0M | ||
| Q1 24 | $71.1M | $813.0M |
| Q4 25 | $-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 | -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 | 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 | -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
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% |
CIVI
| Crude Oil Natural Gas And Natural Gas Liquids | $1.2B | 99% |
| Oil And Gas Operation And Maintenance | $8.0M | 1% |
| Natural Gas Reserves | $2.0M | 0% |
