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Side-by-side financial comparison of Carlyle Group Inc. (CG) and Delek US Holdings, Inc. (DK). Click either name above to swap in a different company.
Delek US Holdings, Inc. is the larger business by last-quarter revenue ($2.6B vs $1.9B, roughly 1.4× Carlyle Group Inc.). Carlyle Group Inc. runs the higher net margin — 18.8% vs -7.7%, a 26.5% gap on every dollar of revenue. On growth, Carlyle Group Inc. posted the faster year-over-year revenue change (84.1% vs -4.9%). Over the past eight quarters, Carlyle Group Inc.'s revenue compounded faster (66.2% CAGR vs -10.8%).
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.
Delek US Holdings, Inc. is an oil refining, logistics and biofuels company founded in 2001 and headquartered in Brentwood, Tennessee.
CG vs DK — Head-to-Head
Income Statement — Q4 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $1.9B | $2.6B |
| Net Profit | $358.1M | $-201.3M |
| Gross Margin | — | -5.8% |
| Operating Margin | 24.3% | — |
| Net Margin | 18.8% | -7.7% |
| Revenue YoY | 84.1% | -4.9% |
| Net Profit YoY | 69.8% | — |
| EPS (diluted) | $0.96 | $-3.34 |
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 | — | $2.6B | ||
| Q4 25 | $1.9B | $2.4B | ||
| Q3 25 | $332.7M | $2.9B | ||
| Q2 25 | $1.6B | $2.8B | ||
| Q1 25 | $973.1M | $2.6B | ||
| Q4 24 | $1.0B | $2.4B | ||
| Q3 24 | $2.6B | $3.0B | ||
| Q2 24 | $1.1B | $3.3B |
| Q1 26 | — | $-201.3M | ||
| Q4 25 | $358.1M | $78.3M | ||
| Q3 25 | $900.0K | $178.0M | ||
| Q2 25 | $319.7M | $-106.4M | ||
| Q1 25 | $130.0M | $-172.7M | ||
| Q4 24 | $210.9M | $-413.8M | ||
| Q3 24 | $595.7M | $-76.8M | ||
| Q2 24 | $148.2M | $-37.2M |
| Q1 26 | — | -5.8% | ||
| Q4 25 | — | 9.3% | ||
| Q3 25 | — | 13.8% | ||
| Q2 25 | — | 1.9% | ||
| Q1 25 | — | -2.4% | ||
| Q4 24 | — | -5.7% | ||
| Q3 24 | — | -0.7% | ||
| Q2 24 | — | 0.5% |
| Q1 26 | — | — | ||
| Q4 25 | 24.3% | 6.8% | ||
| Q3 25 | 25.8% | 10.2% | ||
| Q2 25 | 28.0% | -1.2% | ||
| Q1 25 | 17.6% | -4.8% | ||
| Q4 24 | 25.7% | -17.0% | ||
| Q3 24 | 29.9% | -4.0% | ||
| Q2 24 | 20.5% | 0.1% |
| Q1 26 | — | -7.7% | ||
| Q4 25 | 18.8% | 3.2% | ||
| Q3 25 | 0.3% | 6.2% | ||
| Q2 25 | 20.3% | -3.8% | ||
| Q1 25 | 13.4% | -6.5% | ||
| Q4 24 | 20.4% | -17.4% | ||
| Q3 24 | 22.6% | -2.5% | ||
| Q2 24 | 13.9% | -1.1% |
| Q1 26 | — | $-3.34 | ||
| Q4 25 | $0.96 | $1.23 | ||
| Q3 25 | $0.00 | $2.93 | ||
| Q2 25 | $0.87 | $-1.76 | ||
| Q1 25 | $0.35 | $-2.78 | ||
| Q4 24 | $0.56 | $-6.48 | ||
| Q3 24 | $1.63 | $-1.20 | ||
| Q2 24 | $0.40 | $-0.58 |
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 | $624.1M |
| Total DebtLower is stronger | — | $3.2B |
| Stockholders' EquityBook value | $7.1B | $302.0M |
| Total Assets | $29.1B | $7.6B |
| Debt / EquityLower = less leverage | — | 10.54× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $624.1M | ||
| Q4 25 | $2.0B | $625.8M | ||
| Q3 25 | $2.2B | $630.9M | ||
| Q2 25 | $1.3B | $615.5M | ||
| Q1 25 | $1.2B | $623.8M | ||
| Q4 24 | $1.3B | $735.6M | ||
| Q3 24 | $1.4B | $1.0B | ||
| Q2 24 | $914.8M | $657.9M |
| Q1 26 | — | $3.2B | ||
| Q4 25 | — | $3.2B | ||
| Q3 25 | — | $3.2B | ||
| Q2 25 | — | $3.1B | ||
| Q1 25 | — | $3.0B | ||
| Q4 24 | — | $2.8B | ||
| Q3 24 | — | $2.8B | ||
| Q2 24 | — | $2.5B |
| Q1 26 | — | $302.0M | ||
| Q4 25 | $7.1B | $547.3M | ||
| Q3 25 | $6.8B | $444.8M | ||
| Q2 25 | $6.7B | $294.9M | ||
| Q1 25 | $6.4B | $429.4M | ||
| Q4 24 | $6.3B | $575.2M | ||
| Q3 24 | $6.3B | $875.4M | ||
| Q2 24 | $5.7B | $982.8M |
| Q1 26 | — | $7.6B | ||
| Q4 25 | $29.1B | $6.8B | ||
| Q3 25 | $27.1B | $7.1B | ||
| Q2 25 | $25.1B | $7.1B | ||
| Q1 25 | $24.1B | $6.9B | ||
| Q4 24 | $23.1B | $6.7B | ||
| Q3 24 | $22.7B | $7.0B | ||
| Q2 24 | $22.3B | $6.9B |
| Q1 26 | — | 10.54× | ||
| Q4 25 | — | 5.91× | ||
| Q3 25 | — | 7.14× | ||
| Q2 25 | — | 10.51× | ||
| Q1 25 | — | 7.07× | ||
| Q4 24 | — | 4.81× | ||
| Q3 24 | — | 3.19× | ||
| Q2 24 | — | 2.50× |
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 | — |
| 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.
| Q1 26 | — | — | ||
| Q4 25 | $-1.2B | $502.8M | ||
| Q3 25 | $-1.6B | $44.0M | ||
| Q2 25 | $-168.8M | $51.4M | ||
| Q1 25 | $-352.1M | $-62.4M | ||
| Q4 24 | $-352.8M | $-163.5M | ||
| Q3 24 | $791.9M | $-21.6M | ||
| Q2 24 | $-1.3B | $-48.4M |
| Q1 26 | — | — | ||
| Q4 25 | $-1.2B | $382.8M | ||
| Q3 25 | $-1.6B | $-64.0M | ||
| Q2 25 | $-186.3M | $-114.4M | ||
| Q1 25 | $-368.8M | $-198.1M | ||
| Q4 24 | $-379.5M | $-354.0M | ||
| Q3 24 | $772.8M | $-140.6M | ||
| Q2 24 | $-1.3B | $-128.3M |
| Q1 26 | — | — | ||
| Q4 25 | -65.1% | 15.8% | ||
| Q3 25 | -475.7% | -2.2% | ||
| Q2 25 | -11.8% | -4.1% | ||
| Q1 25 | -37.9% | -7.5% | ||
| Q4 24 | -36.8% | -14.9% | ||
| Q3 24 | 29.3% | -4.6% | ||
| Q2 24 | -120.4% | -3.9% |
| Q1 26 | — | — | ||
| Q4 25 | 2.2% | 4.9% | ||
| Q3 25 | 7.0% | 3.7% | ||
| Q2 25 | 1.1% | 6.0% | ||
| Q1 25 | 1.7% | 5.1% | ||
| Q4 24 | 2.6% | 8.0% | ||
| Q3 24 | 0.7% | 3.9% | ||
| Q2 24 | 1.7% | 2.4% |
| Q1 26 | — | — | ||
| Q4 25 | -3.34× | 6.42× | ||
| Q3 25 | -1732.78× | 0.25× | ||
| Q2 25 | -0.53× | — | ||
| Q1 25 | -2.71× | — | ||
| Q4 24 | -1.67× | — | ||
| Q3 24 | 1.33× | — | ||
| Q2 24 | -8.57× | — |
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% |
DK
Segment breakdown not available.
