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Side-by-side financial comparison of Carlyle Group Inc. (CG) and Grocery Outlet Holding Corp. (GO). Click either name above to swap in a different company.
Carlyle Group Inc. is the larger business by last-quarter revenue ($1.9B vs $1.2B, roughly 1.6× Grocery Outlet Holding Corp.). Carlyle Group Inc. runs the higher net margin — 18.8% vs -18.5%, a 37.3% gap on every dollar of revenue. On growth, Carlyle Group Inc. posted the faster year-over-year revenue change (84.1% vs 10.7%). Over the past eight quarters, Carlyle Group Inc.'s revenue compounded faster (66.2% CAGR vs 8.3%).
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.
Grocery Outlet Holding Corp. is an American discount closeout retailer consisting exclusively of supermarket locations that offer discounted, overstocked, and closeout products from name-brand and private-label suppliers. The company has stores in California, Oregon, Washington, Idaho, Nevada, Maryland, Pennsylvania, New Jersey, Ohio, and Delaware.
CG vs GO — Head-to-Head
Income Statement — Q4 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $1.9B | $1.2B |
| Net Profit | $358.1M | $-224.9M |
| Gross Margin | — | 29.7% |
| Operating Margin | 24.3% | — |
| Net Margin | 18.8% | -18.5% |
| Revenue YoY | 84.1% | 10.7% |
| Net Profit YoY | 69.8% | -669.9% |
| EPS (diluted) | $0.96 | $-2.22 |
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 | — | $1.2B | ||
| Q4 25 | $1.9B | — | ||
| Q3 25 | $332.7M | $1.2B | ||
| Q2 25 | $1.6B | $1.2B | ||
| Q1 25 | $973.1M | $1.1B | ||
| Q4 24 | $1.0B | $1.1B | ||
| Q3 24 | $2.6B | $1.1B | ||
| Q2 24 | $1.1B | $1.1B |
| Q1 26 | — | $-224.9M | ||
| Q4 25 | $358.1M | — | ||
| Q3 25 | $900.0K | $11.6M | ||
| Q2 25 | $319.7M | $5.0M | ||
| Q1 25 | $130.0M | $-23.3M | ||
| Q4 24 | $210.9M | $2.3M | ||
| Q3 24 | $595.7M | $24.2M | ||
| Q2 24 | $148.2M | $14.0M |
| Q1 26 | — | 29.7% | ||
| Q4 25 | — | — | ||
| Q3 25 | — | 30.4% | ||
| Q2 25 | — | 30.6% | ||
| Q1 25 | — | 30.4% | ||
| Q4 24 | — | 29.5% | ||
| Q3 24 | — | 31.1% | ||
| Q2 24 | — | 30.9% |
| Q1 26 | — | — | ||
| Q4 25 | 24.3% | — | ||
| Q3 25 | 25.8% | 2.0% | ||
| Q2 25 | 28.0% | 1.1% | ||
| Q1 25 | 17.6% | -2.0% | ||
| Q4 24 | 25.7% | 1.0% | ||
| Q3 24 | 29.9% | 3.6% | ||
| Q2 24 | 20.5% | 2.3% |
| Q1 26 | — | -18.5% | ||
| Q4 25 | 18.8% | — | ||
| Q3 25 | 0.3% | 1.0% | ||
| Q2 25 | 20.3% | 0.4% | ||
| Q1 25 | 13.4% | -2.1% | ||
| Q4 24 | 20.4% | 0.2% | ||
| Q3 24 | 22.6% | 2.2% | ||
| Q2 24 | 13.9% | 1.2% |
| Q1 26 | — | $-2.22 | ||
| Q4 25 | $0.96 | — | ||
| Q3 25 | $0.00 | $0.12 | ||
| Q2 25 | $0.87 | $0.05 | ||
| Q1 25 | $0.35 | $-0.24 | ||
| Q4 24 | $0.56 | $0.03 | ||
| Q3 24 | $1.63 | $0.24 | ||
| Q2 24 | $0.40 | $0.14 |
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 | $69.6M |
| Total DebtLower is stronger | — | $15.0M |
| Stockholders' EquityBook value | $7.1B | $983.7M |
| Total Assets | $29.1B | $3.1B |
| Debt / EquityLower = less leverage | — | 0.02× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $69.6M | ||
| Q4 25 | $2.0B | — | ||
| Q3 25 | $2.2B | $52.1M | ||
| Q2 25 | $1.3B | $55.2M | ||
| Q1 25 | $1.2B | $50.9M | ||
| Q4 24 | $1.3B | $62.8M | ||
| Q3 24 | $1.4B | $68.7M | ||
| Q2 24 | $914.8M | $67.1M |
| Q1 26 | — | $15.0M | ||
| Q4 25 | — | — | ||
| Q3 25 | — | $500.3M | ||
| Q2 25 | — | $473.9M | ||
| Q1 25 | — | $475.7M | ||
| Q4 24 | — | $477.5M | ||
| Q3 24 | — | $429.3M | ||
| Q2 24 | — | $379.2M |
| Q1 26 | — | $983.7M | ||
| Q4 25 | $7.1B | — | ||
| Q3 25 | $6.8B | $1.2B | ||
| Q2 25 | $6.7B | $1.2B | ||
| Q1 25 | $6.4B | $1.2B | ||
| Q4 24 | $6.3B | $1.2B | ||
| Q3 24 | $6.3B | $1.2B | ||
| Q2 24 | $5.7B | $1.2B |
| Q1 26 | — | $3.1B | ||
| Q4 25 | $29.1B | — | ||
| Q3 25 | $27.1B | $3.4B | ||
| Q2 25 | $25.1B | $3.3B | ||
| Q1 25 | $24.1B | $3.3B | ||
| Q4 24 | $23.1B | $3.2B | ||
| Q3 24 | $22.7B | $3.1B | ||
| Q2 24 | $22.3B | $3.1B |
| Q1 26 | — | 0.02× | ||
| Q4 25 | — | — | ||
| Q3 25 | — | 0.42× | ||
| Q2 25 | — | 0.40× | ||
| Q1 25 | — | 0.40× | ||
| Q4 24 | — | 0.40× | ||
| Q3 24 | — | 0.35× | ||
| Q2 24 | — | 0.31× |
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 | $222.1M |
| 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 | — | $222.1M | ||
| Q4 25 | $-1.2B | — | ||
| Q3 25 | $-1.6B | $17.3M | ||
| Q2 25 | $-168.8M | $73.6M | ||
| Q1 25 | $-352.1M | $58.9M | ||
| Q4 24 | $-352.8M | $39.5M | ||
| Q3 24 | $791.9M | $23.0M | ||
| Q2 24 | $-1.3B | $41.6M |
| Q1 26 | — | — | ||
| Q4 25 | $-1.2B | — | ||
| Q3 25 | $-1.6B | $-21.6M | ||
| Q2 25 | $-186.3M | $14.4M | ||
| Q1 25 | $-368.8M | $-1.5M | ||
| Q4 24 | $-379.5M | $-19.6M | ||
| Q3 24 | $772.8M | $-19.3M | ||
| Q2 24 | $-1.3B | $2.7M |
| Q1 26 | — | — | ||
| Q4 25 | -65.1% | — | ||
| Q3 25 | -475.7% | -1.8% | ||
| Q2 25 | -11.8% | 1.2% | ||
| Q1 25 | -37.9% | -0.1% | ||
| Q4 24 | -36.8% | -1.8% | ||
| Q3 24 | 29.3% | -1.7% | ||
| Q2 24 | -120.4% | 0.2% |
| Q1 26 | — | — | ||
| Q4 25 | 2.2% | — | ||
| Q3 25 | 7.0% | 3.3% | ||
| Q2 25 | 1.1% | 5.0% | ||
| Q1 25 | 1.7% | 5.4% | ||
| Q4 24 | 2.6% | 5.4% | ||
| Q3 24 | 0.7% | 3.8% | ||
| Q2 24 | 1.7% | 3.4% |
| Q1 26 | — | — | ||
| Q4 25 | -3.34× | — | ||
| Q3 25 | -1732.78× | 1.49× | ||
| Q2 25 | -0.53× | 14.84× | ||
| Q1 25 | -2.71× | — | ||
| Q4 24 | -1.67× | 17.09× | ||
| Q3 24 | 1.33× | 0.95× | ||
| Q2 24 | -8.57× | 2.97× |
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% |
GO
Segment breakdown not available.
