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Side-by-side financial comparison of Carlyle Group Inc. (CG) and CVR ENERGY INC (CVI). Click either name above to swap in a different company.
CVR ENERGY INC is the larger business by last-quarter revenue ($2.0B vs $1.9B, roughly 1.0× Carlyle Group Inc.). Carlyle Group Inc. runs the higher net margin — 18.8% vs -8.1%, a 26.9% gap on every dollar of revenue. On growth, Carlyle Group Inc. posted the faster year-over-year revenue change (84.1% vs 20.3%). CVR ENERGY INC produced more free cash flow last quarter ($21.0M vs $-1.2B). Over the past eight quarters, Carlyle Group Inc.'s revenue compounded faster (66.2% CAGR vs 0.3%).
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.
CVR Energy Inc is a United States-based energy holding company operating two core segments: petroleum refining and nitrogen fertilizer manufacturing. It produces a wide range of products including gasoline, diesel, jet fuel, and agricultural fertilizers, primarily serving commercial, industrial and agricultural customers across North America.
CG vs CVI — Head-to-Head
Income Statement — Q4 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $1.9B | $2.0B |
| Net Profit | $358.1M | $-160.0M |
| Gross Margin | — | -5.2% |
| Operating Margin | 24.3% | — |
| Net Margin | 18.8% | -8.1% |
| Revenue YoY | 84.1% | 20.3% |
| Net Profit YoY | 69.8% | -56.1% |
| EPS (diluted) | $0.96 | $-1.91 |
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.
| Q1 26 | — | $2.0B | ||
| Q4 25 | $1.9B | $1.8B | ||
| Q3 25 | $332.7M | $1.9B | ||
| Q2 25 | $1.6B | $1.8B | ||
| Q1 25 | $973.1M | $1.6B | ||
| Q4 24 | $1.0B | $1.9B | ||
| Q3 24 | $2.6B | $1.8B | ||
| Q2 24 | $1.1B | $2.0B |
| Q1 26 | — | $-160.0M | ||
| Q4 25 | $358.1M | $-110.0M | ||
| Q3 25 | $900.0K | $374.0M | ||
| Q2 25 | $319.7M | $-114.0M | ||
| Q1 25 | $130.0M | $-123.0M | ||
| Q4 24 | $210.9M | $28.0M | ||
| Q3 24 | $595.7M | $-124.0M | ||
| Q2 24 | $148.2M | $21.0M |
| Q1 26 | — | -5.2% | ||
| Q4 25 | — | -3.1% | ||
| Q3 25 | — | 28.8% | ||
| Q2 25 | — | -3.7% | ||
| Q1 25 | — | -5.5% | ||
| Q4 24 | — | 3.0% | ||
| Q3 24 | — | -3.9% | ||
| Q2 24 | — | 2.9% |
| Q1 26 | — | — | ||
| Q4 25 | 24.3% | -5.3% | ||
| Q3 25 | 25.8% | 26.3% | ||
| Q2 25 | 28.0% | -5.8% | ||
| Q1 25 | 17.6% | -8.0% | ||
| Q4 24 | 25.7% | 1.1% | ||
| Q3 24 | 29.9% | -6.2% | ||
| Q2 24 | 20.5% | 1.4% |
| Q1 26 | — | -8.1% | ||
| Q4 25 | 18.8% | -6.1% | ||
| Q3 25 | 0.3% | 19.2% | ||
| Q2 25 | 20.3% | -6.5% | ||
| Q1 25 | 13.4% | -7.5% | ||
| Q4 24 | 20.4% | 1.4% | ||
| Q3 24 | 22.6% | -6.8% | ||
| Q2 24 | 13.9% | 1.1% |
| Q1 26 | — | $-1.91 | ||
| Q4 25 | $0.96 | $-1.09 | ||
| Q3 25 | $0.00 | $3.72 | ||
| Q2 25 | $0.87 | $-1.14 | ||
| Q1 25 | $0.35 | $-1.22 | ||
| Q4 24 | $0.56 | $0.28 | ||
| Q3 24 | $1.63 | $-1.24 | ||
| Q2 24 | $0.40 | $0.21 |
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 | $512.0M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $7.1B | — |
| Total Assets | $29.1B | $3.9B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $512.0M | ||
| Q4 25 | $2.0B | $511.0M | ||
| Q3 25 | $2.2B | $670.0M | ||
| Q2 25 | $1.3B | $596.0M | ||
| Q1 25 | $1.2B | $695.0M | ||
| Q4 24 | $1.3B | $987.0M | ||
| Q3 24 | $1.4B | $534.0M | ||
| Q2 24 | $914.8M | $586.0M |
| Q1 26 | — | — | ||
| Q4 25 | — | $1.8B | ||
| Q3 25 | — | $1.8B | ||
| Q2 25 | — | $1.8B | ||
| Q1 25 | — | $1.9B | ||
| Q4 24 | — | $1.9B | ||
| Q3 24 | — | $1.6B | ||
| Q2 24 | — | $1.6B |
| Q1 26 | — | — | ||
| Q4 25 | $7.1B | $730.0M | ||
| Q3 25 | $6.8B | $840.0M | ||
| Q2 25 | $6.7B | $466.0M | ||
| Q1 25 | $6.4B | $580.0M | ||
| Q4 24 | $6.3B | $703.0M | ||
| Q3 24 | $6.3B | $675.0M | ||
| Q2 24 | $5.7B | $849.0M |
| Q1 26 | — | $3.9B | ||
| Q4 25 | $29.1B | $3.7B | ||
| Q3 25 | $27.1B | $4.0B | ||
| Q2 25 | $25.1B | $4.0B | ||
| Q1 25 | $24.1B | $4.3B | ||
| Q4 24 | $23.1B | $4.3B | ||
| Q3 24 | $22.7B | $3.9B | ||
| Q2 24 | $22.3B | $4.0B |
| Q1 26 | — | — | ||
| Q4 25 | — | 2.40× | ||
| Q3 25 | — | 2.17× | ||
| Q2 25 | — | 3.97× | ||
| Q1 25 | — | 3.29× | ||
| Q4 24 | — | 2.71× | ||
| Q3 24 | — | 2.33× | ||
| Q2 24 | — | 1.86× |
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 | — |
| Free Cash FlowOCF − Capex | $-1.2B | $21.0M |
| FCF MarginFCF / Revenue | -65.1% | 1.1% |
| Capex IntensityCapex / Revenue | 2.2% | 1.5% |
| Cash ConversionOCF / Net Profit | -3.34× | — |
| TTM Free Cash FlowTrailing 4 quarters | $-3.4B | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $-1.2B | $0 | ||
| Q3 25 | $-1.6B | $163.0M | ||
| Q2 25 | $-168.8M | $176.0M | ||
| Q1 25 | $-352.1M | $-195.0M | ||
| Q4 24 | $-352.8M | $98.0M | ||
| Q3 24 | $791.9M | $48.0M | ||
| Q2 24 | $-1.3B | $81.0M |
| Q1 26 | — | $21.0M | ||
| Q4 25 | $-1.2B | — | ||
| Q3 25 | $-1.6B | $125.0M | ||
| Q2 25 | $-186.3M | $135.0M | ||
| Q1 25 | $-368.8M | $-246.0M | ||
| Q4 24 | $-379.5M | $43.0M | ||
| Q3 24 | $772.8M | $14.0M | ||
| Q2 24 | $-1.3B | $38.0M |
| Q1 26 | — | 1.1% | ||
| Q4 25 | -65.1% | — | ||
| Q3 25 | -475.7% | 6.4% | ||
| Q2 25 | -11.8% | 7.7% | ||
| Q1 25 | -37.9% | -14.9% | ||
| Q4 24 | -36.8% | 2.2% | ||
| Q3 24 | 29.3% | 0.8% | ||
| Q2 24 | -120.4% | 1.9% |
| Q1 26 | — | 1.5% | ||
| Q4 25 | 2.2% | 3.0% | ||
| Q3 25 | 7.0% | 2.0% | ||
| Q2 25 | 1.1% | 2.3% | ||
| Q1 25 | 1.7% | 3.1% | ||
| Q4 24 | 2.6% | 2.8% | ||
| Q3 24 | 0.7% | 1.9% | ||
| Q2 24 | 1.7% | 2.2% |
| Q1 26 | — | — | ||
| Q4 25 | -3.34× | — | ||
| Q3 25 | -1732.78× | 0.44× | ||
| Q2 25 | -0.53× | — | ||
| Q1 25 | -2.71× | — | ||
| Q4 24 | -1.67× | 3.50× | ||
| Q3 24 | 1.33× | — | ||
| Q2 24 | -8.57× | 3.86× |
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% |
CVI
Segment breakdown not available.
