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Side-by-side financial comparison of Carlyle Group Inc. (CG) and COMFORT SYSTEMS USA INC (FIX). Click either name above to swap in a different company.
COMFORT SYSTEMS USA 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 12.5%, a 6.3% gap on every dollar of revenue. On growth, Carlyle Group Inc. posted the faster year-over-year revenue change (84.1% vs 41.7%). COMFORT SYSTEMS USA INC produced more free cash flow last quarter ($402.4M vs $-1.2B). Over the past eight quarters, Carlyle Group Inc.'s revenue compounded faster (66.2% CAGR vs 31.2%).
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.
Comfort Systems USA, Inc. is an American company that provides mechanical and electrical contracting services, primarily HVAC, plumbing, piping and controls, off-site construction, monitoring and fire protection, and installation and servicing of electrical systems.
CG vs FIX — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $1.9B | $2.6B |
| Net Profit | $358.1M | $330.8M |
| Gross Margin | — | 25.5% |
| Operating Margin | 24.3% | 16.1% |
| Net Margin | 18.8% | 12.5% |
| Revenue YoY | 84.1% | 41.7% |
| Net Profit YoY | 69.8% | 126.8% |
| EPS (diluted) | $0.96 | $9.35 |
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 | $2.6B | ||
| Q3 25 | $332.7M | $2.5B | ||
| Q2 25 | $1.6B | $2.2B | ||
| Q1 25 | $973.1M | $1.8B | ||
| Q4 24 | $1.0B | $1.9B | ||
| Q3 24 | $2.6B | $1.8B | ||
| Q2 24 | $1.1B | $1.8B | ||
| Q1 24 | $688.4M | $1.5B |
| Q4 25 | $358.1M | $330.8M | ||
| Q3 25 | $900.0K | $291.6M | ||
| Q2 25 | $319.7M | $230.8M | ||
| Q1 25 | $130.0M | $169.3M | ||
| Q4 24 | $210.9M | $145.9M | ||
| Q3 24 | $595.7M | $146.2M | ||
| Q2 24 | $148.2M | $134.0M | ||
| Q1 24 | $65.6M | $96.3M |
| Q4 25 | — | 25.5% | ||
| Q3 25 | — | 24.8% | ||
| Q2 25 | — | 23.5% | ||
| Q1 25 | — | 22.0% | ||
| Q4 24 | — | 23.2% | ||
| Q3 24 | — | 21.1% | ||
| Q2 24 | — | 20.1% | ||
| Q1 24 | — | 19.3% |
| Q4 25 | 24.3% | 16.1% | ||
| Q3 25 | 25.8% | 15.5% | ||
| Q2 25 | 28.0% | 13.8% | ||
| Q1 25 | 17.6% | 11.4% | ||
| Q4 24 | 25.7% | 12.1% | ||
| Q3 24 | 29.9% | 11.2% | ||
| Q2 24 | 20.5% | 10.2% | ||
| Q1 24 | 17.5% | 8.8% |
| Q4 25 | 18.8% | 12.5% | ||
| Q3 25 | 0.3% | 11.9% | ||
| Q2 25 | 20.3% | 10.6% | ||
| Q1 25 | 13.4% | 9.2% | ||
| Q4 24 | 20.4% | 7.8% | ||
| Q3 24 | 22.6% | 8.1% | ||
| Q2 24 | 13.9% | 7.4% | ||
| Q1 24 | 9.5% | 6.3% |
| Q4 25 | $0.96 | $9.35 | ||
| Q3 25 | $0.00 | $8.25 | ||
| Q2 25 | $0.87 | $6.53 | ||
| Q1 25 | $0.35 | $4.75 | ||
| Q4 24 | $0.56 | $4.08 | ||
| Q3 24 | $1.63 | $4.09 | ||
| Q2 24 | $0.40 | $3.74 | ||
| Q1 24 | $0.18 | $2.69 |
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 | $981.9M |
| Total DebtLower is stronger | — | $145.2M |
| Stockholders' EquityBook value | $7.1B | $2.4B |
| Total Assets | $29.1B | $6.4B |
| Debt / EquityLower = less leverage | — | 0.06× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $2.0B | $981.9M | ||
| Q3 25 | $2.2B | $860.5M | ||
| Q2 25 | $1.3B | $331.7M | ||
| Q1 25 | $1.2B | $204.8M | ||
| Q4 24 | $1.3B | $549.9M | ||
| Q3 24 | $1.4B | $415.6M | ||
| Q2 24 | $914.8M | $199.4M | ||
| Q1 24 | $1.3B | $100.8M |
| Q4 25 | — | $145.2M | ||
| Q3 25 | — | $136.0M | ||
| Q2 25 | — | $73.0M | ||
| Q1 25 | — | $67.8M | ||
| Q4 24 | — | $68.3M | ||
| Q3 24 | — | $62.3M | ||
| Q2 24 | — | $73.4M | ||
| Q1 24 | — | $77.0M |
| Q4 25 | $7.1B | $2.4B | ||
| Q3 25 | $6.8B | $2.2B | ||
| Q2 25 | $6.7B | $2.0B | ||
| Q1 25 | $6.4B | $1.8B | ||
| 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 | $6.4B | ||
| Q3 25 | $27.1B | $5.8B | ||
| Q2 25 | $25.1B | $5.1B | ||
| Q1 25 | $24.1B | $4.6B | ||
| Q4 24 | $23.1B | $4.7B | ||
| Q3 24 | $22.7B | $4.4B | ||
| Q2 24 | $22.3B | $4.2B | ||
| Q1 24 | $20.8B | $3.9B |
| Q4 25 | — | 0.06× | ||
| Q3 25 | — | 0.06× | ||
| Q2 25 | — | 0.04× | ||
| Q1 25 | — | 0.04× | ||
| Q4 24 | — | 0.04× | ||
| Q3 24 | — | 0.04× | ||
| Q2 24 | — | 0.05× | ||
| Q1 24 | — | 0.06× |
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 | $468.5M |
| Free Cash FlowOCF − Capex | $-1.2B | $402.4M |
| FCF MarginFCF / Revenue | -65.1% | 15.2% |
| Capex IntensityCapex / Revenue | 2.2% | 2.5% |
| Cash ConversionOCF / Net Profit | -3.34× | 1.42× |
| TTM Free Cash FlowTrailing 4 quarters | $-3.4B | $1.0B |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-1.2B | $468.5M | ||
| Q3 25 | $-1.6B | $553.3M | ||
| Q2 25 | $-168.8M | $252.5M | ||
| Q1 25 | $-352.1M | $-88.0M | ||
| Q4 24 | $-352.8M | $210.5M | ||
| Q3 24 | $791.9M | $302.2M | ||
| Q2 24 | $-1.3B | $189.9M | ||
| Q1 24 | $71.1M | $146.6M |
| Q4 25 | $-1.2B | $402.4M | ||
| Q3 25 | $-1.6B | $517.9M | ||
| Q2 25 | $-186.3M | $221.2M | ||
| Q1 25 | $-368.8M | $-110.2M | ||
| Q4 24 | $-379.5M | $169.8M | ||
| Q3 24 | $772.8M | $280.1M | ||
| Q2 24 | $-1.3B | $166.5M | ||
| Q1 24 | $56.9M | $121.6M |
| Q4 25 | -65.1% | 15.2% | ||
| Q3 25 | -475.7% | 21.1% | ||
| Q2 25 | -11.8% | 10.2% | ||
| Q1 25 | -37.9% | -6.0% | ||
| Q4 24 | -36.8% | 9.1% | ||
| Q3 24 | 29.3% | 15.5% | ||
| Q2 24 | -120.4% | 9.2% | ||
| Q1 24 | 8.3% | 7.9% |
| Q4 25 | 2.2% | 2.5% | ||
| Q3 25 | 7.0% | 1.4% | ||
| Q2 25 | 1.1% | 1.4% | ||
| Q1 25 | 1.7% | 1.2% | ||
| Q4 24 | 2.6% | 2.2% | ||
| Q3 24 | 0.7% | 1.2% | ||
| Q2 24 | 1.7% | 1.3% | ||
| Q1 24 | 2.1% | 1.6% |
| Q4 25 | -3.34× | 1.42× | ||
| Q3 25 | -1732.78× | 1.90× | ||
| Q2 25 | -0.53× | 1.09× | ||
| Q1 25 | -2.71× | -0.52× | ||
| Q4 24 | -1.67× | 1.44× | ||
| Q3 24 | 1.33× | 2.07× | ||
| Q2 24 | -8.57× | 1.42× | ||
| Q1 24 | 1.08× | 1.52× |
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% |
FIX
| Electrical Segment | $823.7M | 31% |
| Manufacturing Customer | $542.7M | 21% |
| Existing Building Construction | $491.4M | 19% |
| Healthcare Sector Customer | $220.8M | 8% |
| Service Projects | $153.0M | 6% |
| Education | $137.5M | 5% |
| Government Customer | $131.0M | 5% |
| Office Building Customer | $88.2M | 3% |
| Other Customer | $40.7M | 2% |
| Multi Family And Residential | $33.7M | 1% |
