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Side-by-side financial comparison of Carlyle Group Inc. (CG) and G III APPAREL GROUP LTD (GIII). Click either name above to swap in a different company.
Carlyle Group Inc. is the larger business by last-quarter revenue ($1.9B vs $988.6M, roughly 1.9× G III APPAREL GROUP LTD). Carlyle Group Inc. runs the higher net margin — 18.8% vs 8.2%, a 10.7% gap on every dollar of revenue. On growth, Carlyle Group Inc. posted the faster year-over-year revenue change (84.1% vs -9.0%). G III APPAREL GROUP LTD produced more free cash flow last quarter ($-106.4M vs $-1.2B). Over the past eight quarters, Carlyle Group Inc.'s revenue compounded faster (66.2% CAGR vs 13.7%).
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.
G III Apparel Group is a global fashion company that designs, sources, manufactures, markets and distributes apparel, footwear, and accessories under a range of owned and licensed well-known brands. It serves department stores, specialty retailers, and e-commerce platforms across North America, Europe, and other key global markets, catering to casual, sportswear, and premium fashion consumer segments.
CG vs GIII — Head-to-Head
Income Statement — Q4 FY2025 vs Q3 FY2026
| Metric | | |
|---|---|---|
| Revenue | $1.9B | $988.6M |
| Net Profit | $358.1M | $80.6M |
| Gross Margin | — | 38.6% |
| Operating Margin | 24.3% | 11.4% |
| Net Margin | 18.8% | 8.2% |
| Revenue YoY | 84.1% | -9.0% |
| Net Profit YoY | 69.8% | -29.8% |
| EPS (diluted) | $0.96 | $1.84 |
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 | $988.6M | ||
| Q3 25 | $332.7M | $613.3M | ||
| Q2 25 | $1.6B | $583.6M | ||
| Q1 25 | $973.1M | $839.5M | ||
| Q4 24 | $1.0B | $1.1B | ||
| Q3 24 | $2.6B | $644.8M | ||
| Q2 24 | $1.1B | $609.7M | ||
| Q1 24 | $688.4M | $764.8M |
| Q4 25 | $358.1M | $80.6M | ||
| Q3 25 | $900.0K | $10.9M | ||
| Q2 25 | $319.7M | $7.8M | ||
| Q1 25 | $130.0M | $48.8M | ||
| Q4 24 | $210.9M | $114.8M | ||
| Q3 24 | $595.7M | $24.2M | ||
| Q2 24 | $148.2M | $5.8M | ||
| Q1 24 | $65.6M | $28.9M |
| Q4 25 | — | 38.6% | ||
| Q3 25 | — | 40.8% | ||
| Q2 25 | — | 42.2% | ||
| Q1 25 | — | 39.5% | ||
| Q4 24 | — | 39.8% | ||
| Q3 24 | — | 42.8% | ||
| Q2 24 | — | 42.5% | ||
| Q1 24 | — | 36.9% |
| Q4 25 | 24.3% | 11.4% | ||
| Q3 25 | 25.8% | 2.7% | ||
| Q2 25 | 28.0% | 1.5% | ||
| Q1 25 | 17.6% | 8.5% | ||
| Q4 24 | 25.7% | 15.3% | ||
| Q3 24 | 29.9% | 6.4% | ||
| Q2 24 | 20.5% | 2.2% | ||
| Q1 24 | 17.5% | 6.1% |
| Q4 25 | 18.8% | 8.2% | ||
| Q3 25 | 0.3% | 1.8% | ||
| Q2 25 | 20.3% | 1.3% | ||
| Q1 25 | 13.4% | 5.8% | ||
| Q4 24 | 20.4% | 10.6% | ||
| Q3 24 | 22.6% | 3.8% | ||
| Q2 24 | 13.9% | 1.0% | ||
| Q1 24 | 9.5% | 3.8% |
| Q4 25 | $0.96 | $1.84 | ||
| Q3 25 | $0.00 | $0.25 | ||
| Q2 25 | $0.87 | $0.17 | ||
| Q1 25 | $0.35 | $1.00 | ||
| Q4 24 | $0.56 | $2.55 | ||
| Q3 24 | $1.63 | $0.53 | ||
| Q2 24 | $0.40 | $0.12 | ||
| Q1 24 | $0.18 | $0.59 |
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 | $184.1M |
| Total DebtLower is stronger | — | $6.5M |
| Stockholders' EquityBook value | $7.1B | $1.8B |
| Total Assets | $29.1B | $2.8B |
| Debt / EquityLower = less leverage | — | 0.00× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $2.0B | $184.1M | ||
| Q3 25 | $2.2B | $301.8M | ||
| Q2 25 | $1.3B | $257.8M | ||
| Q1 25 | $1.2B | $181.4M | ||
| Q4 24 | $1.3B | $104.7M | ||
| Q3 24 | $1.4B | $414.8M | ||
| Q2 24 | $914.8M | $508.4M | ||
| Q1 24 | $1.3B | $507.8M |
| Q4 25 | — | $6.5M | ||
| Q3 25 | — | $6.9M | ||
| Q2 25 | — | $6.8M | ||
| Q1 25 | — | $3.0M | ||
| Q4 24 | — | $213.9M | ||
| Q3 24 | — | $402.5M | ||
| Q2 24 | — | $402.7M | ||
| Q1 24 | — | $402.8M |
| Q4 25 | $7.1B | $1.8B | ||
| Q3 25 | $6.8B | $1.7B | ||
| Q2 25 | $6.7B | $1.7B | ||
| Q1 25 | $6.4B | $1.7B | ||
| Q4 24 | $6.3B | $1.6B | ||
| Q3 24 | $6.3B | $1.5B | ||
| Q2 24 | $5.7B | $1.5B | ||
| Q1 24 | $5.7B | $1.6B |
| Q4 25 | $29.1B | $2.8B | ||
| Q3 25 | $27.1B | $2.7B | ||
| Q2 25 | $25.1B | $2.4B | ||
| Q1 25 | $24.1B | $2.5B | ||
| Q4 24 | $23.1B | $2.8B | ||
| Q3 24 | $22.7B | $2.7B | ||
| Q2 24 | $22.3B | $2.6B | ||
| Q1 24 | $20.8B | $2.7B |
| Q4 25 | — | 0.00× | ||
| Q3 25 | — | 0.00× | ||
| Q2 25 | — | 0.00× | ||
| Q1 25 | — | 0.00× | ||
| Q4 24 | — | 0.13× | ||
| Q3 24 | — | 0.27× | ||
| Q2 24 | — | 0.26× | ||
| Q1 24 | — | 0.26× |
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 | $-97.3M |
| Free Cash FlowOCF − Capex | $-1.2B | $-106.4M |
| FCF MarginFCF / Revenue | -65.1% | -10.8% |
| Capex IntensityCapex / Revenue | 2.2% | 0.9% |
| Cash ConversionOCF / Net Profit | -3.34× | -1.21× |
| TTM Free Cash FlowTrailing 4 quarters | $-3.4B | $367.7M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-1.2B | $-97.3M | ||
| Q3 25 | $-1.6B | $75.1M | ||
| Q2 25 | $-168.8M | $93.8M | ||
| Q1 25 | $-352.1M | $333.4M | ||
| Q4 24 | $-352.8M | $-111.8M | ||
| Q3 24 | $791.9M | $49.3M | ||
| Q2 24 | $-1.3B | $45.5M | ||
| Q1 24 | $71.1M | $361.3M |
| Q4 25 | $-1.2B | $-106.4M | ||
| Q3 25 | $-1.6B | $64.7M | ||
| Q2 25 | $-186.3M | $85.7M | ||
| Q1 25 | $-368.8M | $323.7M | ||
| Q4 24 | $-379.5M | $-120.3M | ||
| Q3 24 | $772.8M | $38.8M | ||
| Q2 24 | $-1.3B | $32.8M | ||
| Q1 24 | $56.9M | $352.3M |
| Q4 25 | -65.1% | -10.8% | ||
| Q3 25 | -475.7% | 10.6% | ||
| Q2 25 | -11.8% | 14.7% | ||
| Q1 25 | -37.9% | 38.6% | ||
| Q4 24 | -36.8% | -11.1% | ||
| Q3 24 | 29.3% | 6.0% | ||
| Q2 24 | -120.4% | 5.4% | ||
| Q1 24 | 8.3% | 46.1% |
| Q4 25 | 2.2% | 0.9% | ||
| Q3 25 | 7.0% | 1.7% | ||
| Q2 25 | 1.1% | 1.4% | ||
| Q1 25 | 1.7% | 1.2% | ||
| Q4 24 | 2.6% | 0.8% | ||
| Q3 24 | 0.7% | 1.6% | ||
| Q2 24 | 1.7% | 2.1% | ||
| Q1 24 | 2.1% | 1.2% |
| Q4 25 | -3.34× | -1.21× | ||
| Q3 25 | -1732.78× | 6.86× | ||
| Q2 25 | -0.53× | 12.09× | ||
| Q1 25 | -2.71× | 6.83× | ||
| Q4 24 | -1.67× | -0.97× | ||
| Q3 24 | 1.33× | 2.04× | ||
| Q2 24 | -8.57× | 7.84× | ||
| Q1 24 | 1.08× | 12.52× |
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% |
GIII
| Proprietary Brands | $498.1M | 50% |
| Licensed Brands | $479.2M | 48% |
| Retail Segment | $45.7M | 5% |
