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Side-by-side financial comparison of Carlyle Group Inc. (CG) and Cheniere Energy Partners, L.P. (CQP). Click either name above to swap in a different company.
Cheniere Energy Partners, L.P. is the larger business by last-quarter revenue ($2.9B vs $1.9B, roughly 1.5× Carlyle Group Inc.). Cheniere Energy Partners, L.P. runs the higher net margin — 44.2% vs 18.8%, a 25.4% gap on every dollar of revenue. On growth, Carlyle Group Inc. posted the faster year-over-year revenue change (84.1% vs 18.3%). Cheniere Energy Partners, L.P. produced more free cash flow last quarter ($864.0M vs $-1.2B). Over the past eight quarters, Carlyle Group Inc.'s revenue compounded faster (66.2% CAGR vs 12.6%).
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.
Total revenue of oil and gas companies is listed in billions of U.S. dollars. Total revenue is usually self-reported by companies, and often reported by neutral, unbiased, reliable publications. Reported data may be subsequently revised or restated due to a wide range of issues such as exchange rates, contract settlements, or mid-year discontinuation of products or services. Fiscal years are for January 1 to December 31, except where noted. Empty cells indicate that no data for that year has ...
CG vs CQP — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $1.9B | $2.9B |
| Net Profit | $358.1M | $1.3B |
| Gross Margin | — | — |
| Operating Margin | 24.3% | 50.5% |
| Net Margin | 18.8% | 44.2% |
| Revenue YoY | 84.1% | 18.3% |
| Net Profit YoY | 69.8% | 106.6% |
| EPS (diluted) | $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 | $1.9B | $2.9B | ||
| Q3 25 | $332.7M | $2.4B | ||
| Q2 25 | $1.6B | $2.5B | ||
| Q1 25 | $973.1M | $3.0B | ||
| Q4 24 | $1.0B | $2.5B | ||
| Q3 24 | $2.6B | $2.1B | ||
| Q2 24 | $1.1B | $1.9B | ||
| Q1 24 | $688.4M | $2.3B |
| Q4 25 | $358.1M | $1.3B | ||
| Q3 25 | $900.0K | $506.0M | ||
| Q2 25 | $319.7M | $553.0M | ||
| Q1 25 | $130.0M | $641.0M | ||
| Q4 24 | $210.9M | $623.0M | ||
| Q3 24 | $595.7M | $635.0M | ||
| Q2 24 | $148.2M | $570.0M | ||
| Q1 24 | $65.6M | $682.0M |
| Q4 25 | 24.3% | 50.5% | ||
| Q3 25 | 25.8% | 29.0% | ||
| Q2 25 | 28.0% | 29.1% | ||
| Q1 25 | 17.6% | 27.6% | ||
| Q4 24 | 25.7% | 33.0% | ||
| Q3 24 | 29.9% | 40.2% | ||
| Q2 24 | 20.5% | 40.4% | ||
| Q1 24 | 17.5% | 38.1% |
| Q4 25 | 18.8% | 44.2% | ||
| Q3 25 | 0.3% | 21.0% | ||
| Q2 25 | 20.3% | 22.5% | ||
| Q1 25 | 13.4% | 21.4% | ||
| Q4 24 | 20.4% | 25.3% | ||
| Q3 24 | 22.6% | 30.9% | ||
| Q2 24 | 13.9% | 30.1% | ||
| Q1 24 | 9.5% | 29.7% |
| Q4 25 | $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 | $2.0B | $182.0M |
| Total DebtLower is stronger | — | $14.2B |
| Stockholders' EquityBook value | $7.1B | — |
| Total Assets | $29.1B | $17.4B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $2.0B | $182.0M | ||
| Q3 25 | $2.2B | $121.0M | ||
| Q2 25 | $1.3B | $108.0M | ||
| Q1 25 | $1.2B | $94.0M | ||
| Q4 24 | $1.3B | $270.0M | ||
| Q3 24 | $1.4B | $331.0M | ||
| Q2 24 | $914.8M | $351.0M | ||
| Q1 24 | $1.3B | $333.0M |
| Q4 25 | — | $14.2B | ||
| Q3 25 | — | $14.2B | ||
| Q2 25 | — | $14.2B | ||
| Q1 25 | — | $14.7B | ||
| Q4 24 | — | $14.8B | ||
| Q3 24 | — | $14.8B | ||
| Q2 24 | — | $14.8B | ||
| Q1 24 | — | $13.6B |
| Q4 25 | $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 | $29.1B | $17.4B | ||
| Q3 25 | $27.1B | $16.8B | ||
| Q2 25 | $25.1B | $16.9B | ||
| Q1 25 | $24.1B | $17.1B | ||
| Q4 24 | $23.1B | $17.5B | ||
| Q3 24 | $22.7B | $17.4B | ||
| Q2 24 | $22.3B | $17.5B | ||
| Q1 24 | $20.8B | $17.5B |
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 | $887.0M |
| Free Cash FlowOCF − Capex | $-1.2B | $864.0M |
| FCF MarginFCF / Revenue | -65.1% | 29.7% |
| Capex IntensityCapex / Revenue | 2.2% | 0.8% |
| Cash ConversionOCF / Net Profit | -3.34× | 0.69× |
| TTM Free Cash FlowTrailing 4 quarters | $-3.4B | $2.6B |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-1.2B | $887.0M | ||
| Q3 25 | $-1.6B | $658.0M | ||
| Q2 25 | $-168.8M | $558.0M | ||
| Q1 25 | $-352.1M | $665.0M | ||
| Q4 24 | $-352.8M | $876.0M | ||
| Q3 24 | $791.9M | $691.0M | ||
| Q2 24 | $-1.3B | $732.0M | ||
| Q1 24 | $71.1M | $669.0M |
| Q4 25 | $-1.2B | $864.0M | ||
| Q3 25 | $-1.6B | $610.0M | ||
| Q2 25 | $-186.3M | $490.0M | ||
| Q1 25 | $-368.8M | $605.0M | ||
| Q4 24 | $-379.5M | $827.0M | ||
| Q3 24 | $772.8M | $652.0M | ||
| Q2 24 | $-1.3B | $702.0M | ||
| Q1 24 | $56.9M | $633.0M |
| Q4 25 | -65.1% | 29.7% | ||
| Q3 25 | -475.7% | 25.4% | ||
| Q2 25 | -11.8% | 20.0% | ||
| Q1 25 | -37.9% | 20.2% | ||
| Q4 24 | -36.8% | 33.6% | ||
| Q3 24 | 29.3% | 31.7% | ||
| Q2 24 | -120.4% | 37.1% | ||
| Q1 24 | 8.3% | 27.6% |
| Q4 25 | 2.2% | 0.8% | ||
| Q3 25 | 7.0% | 2.0% | ||
| Q2 25 | 1.1% | 2.8% | ||
| Q1 25 | 1.7% | 2.0% | ||
| Q4 24 | 2.6% | 2.0% | ||
| Q3 24 | 0.7% | 1.9% | ||
| Q2 24 | 1.7% | 1.6% | ||
| Q1 24 | 2.1% | 1.6% |
| Q4 25 | -3.34× | 0.69× | ||
| Q3 25 | -1732.78× | 1.30× | ||
| Q2 25 | -0.53× | 1.01× | ||
| Q1 25 | -2.71× | 1.04× | ||
| Q4 24 | -1.67× | 1.41× | ||
| Q3 24 | 1.33× | 1.09× | ||
| Q2 24 | -8.57× | 1.28× | ||
| Q1 24 | 1.08× | 0.98× |
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% |
CQP
| Liquefied Natural Gas | $2.9B | 98% |
| Regasification Service | $34.0M | 1% |
| Other | $17.0M | 1% |
