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Side-by-side financial comparison of Carlyle Group Inc. (CG) and Evercore Inc. (EVR). Click either name above to swap in a different company.
Carlyle Group Inc. is the larger business by last-quarter revenue ($1.9B vs $1.3B, roughly 1.5× Evercore Inc.). Carlyle Group Inc. runs the higher net margin — 18.8% vs 15.7%, a 3.1% gap on every dollar of revenue. On growth, Carlyle Group Inc. posted the faster year-over-year revenue change (84.1% vs 32.4%). Evercore Inc. produced more free cash flow last quarter ($798.6M vs $-1.2B). Over the past eight quarters, Carlyle Group Inc.'s revenue compounded faster (66.2% CAGR vs 48.9%).
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.
Evercore Inc., formerly known as Evercore Partners, is a global independent investment banking advisory firm founded in 1995 by Roger Altman, David Offensend, and Austin Beutner. The firm has advised on over $4.7 trillion of merger, acquisition, and restructuring transactions since its founding.
CG vs EVR — Head-to-Head
Income Statement — Q4 2025 vs Q4 2025
| Metric | | |
|---|---|---|
| Revenue | $1.9B | $1.3B |
| Net Profit | $358.1M | $204.0M |
| Gross Margin | — | — |
| Operating Margin | 24.3% | 24.2% |
| Net Margin | 18.8% | 15.7% |
| Revenue YoY | 84.1% | 32.4% |
| Net Profit YoY | 69.8% | 45.2% |
| EPS (diluted) | $0.96 | $4.80 |
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 | $1.3B | ||
| Q3 25 | $332.7M | $1.0B | ||
| Q2 25 | $1.6B | $838.0M | ||
| Q1 25 | $973.1M | $699.0M | ||
| Q4 24 | $1.0B | $979.5M | ||
| Q3 24 | $2.6B | $738.4M | ||
| Q2 24 | $1.1B | $693.4M | ||
| Q1 24 | $688.4M | $585.0M |
| Q4 25 | $358.1M | $204.0M | ||
| Q3 25 | $900.0K | $144.6M | ||
| Q2 25 | $319.7M | $97.2M | ||
| Q1 25 | $130.0M | $146.2M | ||
| Q4 24 | $210.9M | $140.4M | ||
| Q3 24 | $595.7M | $78.4M | ||
| Q2 24 | $148.2M | $73.8M | ||
| Q1 24 | $65.6M | $85.7M |
| Q4 25 | 24.3% | 24.2% | ||
| Q3 25 | 25.8% | 20.8% | ||
| Q2 25 | 28.0% | 18.0% | ||
| Q1 25 | 17.6% | 16.0% | ||
| Q4 24 | 25.7% | 21.8% | ||
| Q3 24 | 29.9% | 16.7% | ||
| Q2 24 | 20.5% | 15.9% | ||
| Q1 24 | 17.5% | 14.8% |
| Q4 25 | 18.8% | 15.7% | ||
| Q3 25 | 0.3% | 13.8% | ||
| Q2 25 | 20.3% | 11.6% | ||
| Q1 25 | 13.4% | 20.9% | ||
| Q4 24 | 20.4% | 14.3% | ||
| Q3 24 | 22.6% | 10.6% | ||
| Q2 24 | 13.9% | 10.6% | ||
| Q1 24 | 9.5% | 14.6% |
| Q4 25 | $0.96 | $4.80 | ||
| Q3 25 | $0.00 | $3.41 | ||
| Q2 25 | $0.87 | $2.36 | ||
| Q1 25 | $0.35 | $3.48 | ||
| Q4 24 | $0.56 | $3.32 | ||
| Q3 24 | $1.63 | $1.86 | ||
| Q2 24 | $0.40 | $1.81 | ||
| Q1 24 | $0.18 | $2.09 |
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 | $3.0B |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $7.1B | $2.0B |
| Total Assets | $29.1B | $5.4B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $2.0B | $3.0B | ||
| Q3 25 | $2.2B | $2.4B | ||
| Q2 25 | $1.3B | $1.7B | ||
| Q1 25 | $1.2B | $1.4B | ||
| Q4 24 | $1.3B | $2.4B | ||
| Q3 24 | $1.4B | $1.8B | ||
| Q2 24 | $914.8M | $1.7B | ||
| Q1 24 | $1.3B | $1.4B |
| Q4 25 | $7.1B | $2.0B | ||
| Q3 25 | $6.8B | $1.8B | ||
| Q2 25 | $6.7B | $1.7B | ||
| Q1 25 | $6.4B | $1.5B | ||
| Q4 24 | $6.3B | $1.7B | ||
| Q3 24 | $6.3B | $1.6B | ||
| Q2 24 | $5.7B | $1.5B | ||
| Q1 24 | $5.7B | $1.4B |
| Q4 25 | $29.1B | $5.4B | ||
| Q3 25 | $27.1B | $4.4B | ||
| Q2 25 | $25.1B | $3.7B | ||
| Q1 25 | $24.1B | $3.3B | ||
| Q4 24 | $23.1B | $4.2B | ||
| Q3 24 | $22.7B | $3.6B | ||
| Q2 24 | $22.3B | $3.3B | ||
| Q1 24 | $20.8B | $3.0B |
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 | $807.5M |
| Free Cash FlowOCF − Capex | $-1.2B | $798.6M |
| FCF MarginFCF / Revenue | -65.1% | 61.6% |
| Capex IntensityCapex / Revenue | 2.2% | 0.7% |
| Cash ConversionOCF / Net Profit | -3.34× | 3.96× |
| TTM Free Cash FlowTrailing 4 quarters | $-3.4B | $1.2B |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-1.2B | $807.5M | ||
| Q3 25 | $-1.6B | $560.9M | ||
| Q2 25 | $-168.8M | $437.7M | ||
| Q1 25 | $-352.1M | $-549.7M | ||
| Q4 24 | $-352.8M | $686.4M | ||
| Q3 24 | $791.9M | $234.5M | ||
| Q2 24 | $-1.3B | $348.5M | ||
| Q1 24 | $71.1M | $-281.2M |
| Q4 25 | $-1.2B | $798.6M | ||
| Q3 25 | $-1.6B | $541.5M | ||
| Q2 25 | $-186.3M | $411.7M | ||
| Q1 25 | $-368.8M | $-569.3M | ||
| Q4 24 | $-379.5M | $673.1M | ||
| Q3 24 | $772.8M | $226.6M | ||
| Q2 24 | $-1.3B | $340.7M | ||
| Q1 24 | $56.9M | $-282.3M |
| Q4 25 | -65.1% | 61.6% | ||
| Q3 25 | -475.7% | 51.8% | ||
| Q2 25 | -11.8% | 49.1% | ||
| Q1 25 | -37.9% | -81.4% | ||
| Q4 24 | -36.8% | 68.7% | ||
| Q3 24 | 29.3% | 30.7% | ||
| Q2 24 | -120.4% | 49.1% | ||
| Q1 24 | 8.3% | -48.3% |
| Q4 25 | 2.2% | 0.7% | ||
| Q3 25 | 7.0% | 1.9% | ||
| Q2 25 | 1.1% | 3.1% | ||
| Q1 25 | 1.7% | 2.8% | ||
| Q4 24 | 2.6% | 1.4% | ||
| Q3 24 | 0.7% | 1.1% | ||
| Q2 24 | 1.7% | 1.1% | ||
| Q1 24 | 2.1% | 0.2% |
| Q4 25 | -3.34× | 3.96× | ||
| Q3 25 | -1732.78× | 3.88× | ||
| Q2 25 | -0.53× | 4.50× | ||
| Q1 25 | -2.71× | -3.76× | ||
| Q4 24 | -1.67× | 4.89× | ||
| Q3 24 | 1.33× | 2.99× | ||
| Q2 24 | -8.57× | 4.72× | ||
| Q1 24 | 1.08× | -3.28× |
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% |
EVR
| Advisory Fees | $1.1B | 87% |
| Commissions And Related Revenue | $66.5M | 5% |
| Underwriting Fees | $49.5M | 4% |
| Other | $29.6M | 2% |
| Investment Management | $23.2M | 2% |
