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Side-by-side financial comparison of Carlyle Group Inc. (CG) and CONSTELLIUM SE (CSTM). Click either name above to swap in a different company.
CONSTELLIUM SE is the larger business by last-quarter revenue ($2.2B vs $1.9B, roughly 1.2× Carlyle Group Inc.). Carlyle Group Inc. runs the higher net margin — 18.8% vs 5.1%, a 13.7% gap on every dollar of revenue. CONSTELLIUM SE produced more free cash flow last quarter ($109.0M 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.
Constellium SE is an American-Swiss, French-based global manufacturer of aluminium rolled products, extruded products, and structural parts based on a large variety of advanced alloys. Constellium's C-TEC research center has been credited for advancing technology in the field of advanced aluminium alloy. Constellium primarily serves the aerospace, automotive, and packaging sectors. Large clients include Mercedes-Benz, Audi, BMW, Fiat Chrysler Automotive, Ford, Airbus, Boeing, and Bombardier.
CG vs CSTM — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $1.9B | $2.2B |
| Net Profit | $358.1M | $112.0M |
| Gross Margin | — | — |
| Operating Margin | 24.3% | 7.5% |
| Net Margin | 18.8% | 5.1% |
| Revenue YoY | 84.1% | — |
| Net Profit YoY | 69.8% | — |
| EPS (diluted) | $0.96 | $0.79 |
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 | $2.2B | ||
| Q3 25 | $332.7M | $2.2B | ||
| Q2 25 | $1.6B | $2.1B | ||
| Q1 25 | $973.1M | $2.0B | ||
| Q4 24 | $1.0B | — | ||
| Q3 24 | $2.6B | — | ||
| Q2 24 | $1.1B | $1.9B | ||
| Q1 24 | $688.4M | — |
| Q4 25 | $358.1M | $112.0M | ||
| Q3 25 | $900.0K | $88.0M | ||
| Q2 25 | $319.7M | $36.0M | ||
| Q1 25 | $130.0M | $37.0M | ||
| Q4 24 | $210.9M | — | ||
| Q3 24 | $595.7M | — | ||
| Q2 24 | $148.2M | $76.0M | ||
| Q1 24 | $65.6M | — |
| Q4 25 | 24.3% | 7.5% | ||
| Q3 25 | 25.8% | 5.8% | ||
| Q2 25 | 28.0% | 2.7% | ||
| Q1 25 | 17.6% | 3.1% | ||
| Q4 24 | 25.7% | — | ||
| Q3 24 | 29.9% | — | ||
| Q2 24 | 20.5% | 5.4% | ||
| Q1 24 | 17.5% | — |
| Q4 25 | 18.8% | 5.1% | ||
| Q3 25 | 0.3% | 4.1% | ||
| Q2 25 | 20.3% | 1.7% | ||
| Q1 25 | 13.4% | 1.9% | ||
| Q4 24 | 20.4% | — | ||
| Q3 24 | 22.6% | — | ||
| Q2 24 | 13.9% | 3.9% | ||
| Q1 24 | 9.5% | — |
| Q4 25 | $0.96 | $0.79 | ||
| Q3 25 | $0.00 | $0.62 | ||
| Q2 25 | $0.87 | $0.25 | ||
| Q1 25 | $0.35 | $0.26 | ||
| Q4 24 | $0.56 | — | ||
| Q3 24 | $1.63 | — | ||
| Q2 24 | $0.40 | $0.51 | ||
| 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 | $120.0M |
| Total DebtLower is stronger | — | $1.9B |
| Stockholders' EquityBook value | $7.1B | $952.0M |
| Total Assets | $29.1B | $5.4B |
| Debt / EquityLower = less leverage | — | 2.00× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $2.0B | $120.0M | ||
| Q3 25 | $2.2B | $122.0M | ||
| Q2 25 | $1.3B | $133.0M | ||
| Q1 25 | $1.2B | $118.0M | ||
| Q4 24 | $1.3B | — | ||
| Q3 24 | $1.4B | — | ||
| Q2 24 | $914.8M | — | ||
| Q1 24 | $1.3B | — |
| Q4 25 | — | $1.9B | ||
| Q3 25 | — | $2.0B | ||
| Q2 25 | — | $2.0B | ||
| Q1 25 | — | $1.9B | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| Q4 25 | $7.1B | $952.0M | ||
| Q3 25 | $6.8B | $845.0M | ||
| Q2 25 | $6.7B | $780.0M | ||
| Q1 25 | $6.4B | $745.0M | ||
| Q4 24 | $6.3B | — | ||
| Q3 24 | $6.3B | — | ||
| Q2 24 | $5.7B | $796.0M | ||
| Q1 24 | $5.7B | — |
| Q4 25 | $29.1B | $5.4B | ||
| Q3 25 | $27.1B | $5.4B | ||
| Q2 25 | $25.1B | $5.4B | ||
| Q1 25 | $24.1B | $5.2B | ||
| Q4 24 | $23.1B | — | ||
| Q3 24 | $22.7B | — | ||
| Q2 24 | $22.3B | — | ||
| Q1 24 | $20.8B | — |
| Q4 25 | — | 2.00× | ||
| Q3 25 | — | 2.34× | ||
| Q2 25 | — | 2.53× | ||
| Q1 25 | — | 2.56× | ||
| 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 | $-1.2B | $218.0M |
| Free Cash FlowOCF − Capex | $-1.2B | $109.0M |
| FCF MarginFCF / Revenue | -65.1% | 5.0% |
| Capex IntensityCapex / Revenue | 2.2% | 5.0% |
| Cash ConversionOCF / Net Profit | -3.34× | 1.95× |
| TTM Free Cash FlowTrailing 4 quarters | $-3.4B | $159.0M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-1.2B | $218.0M | ||
| Q3 25 | $-1.6B | $99.0M | ||
| Q2 25 | $-168.8M | $114.0M | ||
| Q1 25 | $-352.1M | $58.0M | ||
| Q4 24 | $-352.8M | — | ||
| Q3 24 | $791.9M | — | ||
| Q2 24 | $-1.3B | $138.0M | ||
| Q1 24 | $71.1M | — |
| Q4 25 | $-1.2B | $109.0M | ||
| Q3 25 | $-1.6B | $24.0M | ||
| Q2 25 | $-186.3M | $37.0M | ||
| Q1 25 | $-368.8M | $-11.0M | ||
| Q4 24 | $-379.5M | — | ||
| Q3 24 | $772.8M | — | ||
| Q2 24 | $-1.3B | $54.0M | ||
| Q1 24 | $56.9M | — |
| Q4 25 | -65.1% | 5.0% | ||
| Q3 25 | -475.7% | 1.1% | ||
| Q2 25 | -11.8% | 1.8% | ||
| Q1 25 | -37.9% | -0.6% | ||
| Q4 24 | -36.8% | — | ||
| Q3 24 | 29.3% | — | ||
| Q2 24 | -120.4% | 2.8% | ||
| Q1 24 | 8.3% | — |
| Q4 25 | 2.2% | 5.0% | ||
| Q3 25 | 7.0% | 3.5% | ||
| Q2 25 | 1.1% | 3.7% | ||
| Q1 25 | 1.7% | 3.5% | ||
| Q4 24 | 2.6% | — | ||
| Q3 24 | 0.7% | — | ||
| Q2 24 | 1.7% | 4.3% | ||
| Q1 24 | 2.1% | — |
| Q4 25 | -3.34× | 1.95× | ||
| Q3 25 | -1732.78× | 1.13× | ||
| Q2 25 | -0.53× | 3.17× | ||
| Q1 25 | -2.71× | 1.57× | ||
| Q4 24 | -1.67× | — | ||
| Q3 24 | 1.33× | — | ||
| Q2 24 | -8.57× | 1.82× | ||
| 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% |
CSTM
| Packaging Rolled Products | $1.0B | 46% |
| Automotive Rolled Products | $318.0M | 14% |
| Aerospace Rolled Products | $270.0M | 12% |
| Transportation Industry Defense And Other Rolled Products | $232.0M | 11% |
| Automotive Extruded Products | $220.0M | 10% |
| Other Extruded Products | $132.0M | 6% |
| Specialty And Other Thin Rolled Products | $22.0M | 1% |
