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Side-by-side financial comparison of Carlyle Group Inc. (CG) and Hyatt Hotels Corp (H). Click either name above to swap in a different company.
Carlyle Group Inc. is the larger business by last-quarter revenue ($1.9B vs $1.8B, roughly 1.1× Hyatt Hotels Corp). Carlyle Group Inc. runs the higher net margin — 18.8% vs -1.1%, a 20.0% gap on every dollar of revenue. On growth, Carlyle Group Inc. posted the faster year-over-year revenue change (84.1% vs 11.7%). Hyatt Hotels Corp produced more free cash flow last quarter ($236.0M vs $-1.2B). Over the past eight quarters, Carlyle Group Inc.'s revenue compounded faster (66.2% CAGR vs 2.2%).
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.
Hyatt Hotels Corporation, commonly known as Hyatt Hotels & Resorts, is an American multinational hospitality company headquartered in the Riverside Plaza area of Chicago that manages and franchises luxury and business hotels, resorts, and vacation properties. Hyatt Hotels & Resorts is one of the businesses managed by the Pritzker family. Hyatt has more than 1350 hotels and all-inclusive properties in 69 countries, across North America, South America, Europe, Asia, Africa and Australia.
CG vs H — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $1.9B | $1.8B |
| Net Profit | $358.1M | $-20.0M |
| Gross Margin | — | — |
| Operating Margin | 24.3% | 0.4% |
| Net Margin | 18.8% | -1.1% |
| Revenue YoY | 84.1% | 11.7% |
| Net Profit YoY | 69.8% | 64.3% |
| EPS (diluted) | $0.96 | $-0.20 |
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 | $1.8B | ||
| Q3 25 | $332.7M | $1.8B | ||
| Q2 25 | $1.6B | $1.8B | ||
| Q1 25 | $973.1M | $1.7B | ||
| Q4 24 | $1.0B | $1.6B | ||
| Q3 24 | $2.6B | $1.6B | ||
| Q2 24 | $1.1B | $1.7B | ||
| Q1 24 | $688.4M | $1.7B |
| Q4 25 | $358.1M | $-20.0M | ||
| Q3 25 | $900.0K | $-49.0M | ||
| Q2 25 | $319.7M | $-3.0M | ||
| Q1 25 | $130.0M | $20.0M | ||
| Q4 24 | $210.9M | $-56.0M | ||
| Q3 24 | $595.7M | $471.0M | ||
| Q2 24 | $148.2M | $359.0M | ||
| Q1 24 | $65.6M | $522.0M |
| Q4 25 | 24.3% | 0.4% | ||
| Q3 25 | 25.8% | -1.0% | ||
| Q2 25 | 28.0% | 2.1% | ||
| Q1 25 | 17.6% | 3.0% | ||
| Q4 24 | 25.7% | -3.0% | ||
| Q3 24 | 29.9% | 37.3% | ||
| Q2 24 | 20.5% | 27.1% | ||
| Q1 24 | 17.5% | 31.6% |
| Q4 25 | 18.8% | -1.1% | ||
| Q3 25 | 0.3% | -2.7% | ||
| Q2 25 | 20.3% | -0.2% | ||
| Q1 25 | 13.4% | 1.2% | ||
| Q4 24 | 20.4% | -3.5% | ||
| Q3 24 | 22.6% | 28.9% | ||
| Q2 24 | 13.9% | 21.1% | ||
| Q1 24 | 9.5% | 30.5% |
| Q4 25 | $0.96 | $-0.20 | ||
| Q3 25 | $0.00 | $-0.51 | ||
| Q2 25 | $0.87 | $-0.03 | ||
| Q1 25 | $0.35 | $0.19 | ||
| Q4 24 | $0.56 | $-0.37 | ||
| Q3 24 | $1.63 | $4.63 | ||
| Q2 24 | $0.40 | $3.46 | ||
| Q1 24 | $0.18 | $4.93 |
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 | $813.0M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $7.1B | $3.3B |
| Total Assets | $29.1B | $14.0B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $2.0B | $813.0M | ||
| Q3 25 | $2.2B | $749.0M | ||
| Q2 25 | $1.3B | $912.0M | ||
| Q1 25 | $1.2B | $1.8B | ||
| Q4 24 | $1.3B | $1.4B | ||
| Q3 24 | $1.4B | $1.1B | ||
| Q2 24 | $914.8M | $2.0B | ||
| Q1 24 | $1.3B | $794.0M |
| Q4 25 | — | — | ||
| Q3 25 | — | $6.0B | ||
| Q2 25 | — | $6.0B | ||
| Q1 25 | — | $4.3B | ||
| Q4 24 | — | $3.8B | ||
| Q3 24 | — | $3.1B | ||
| Q2 24 | — | $3.9B | ||
| Q1 24 | — | $3.1B |
| Q4 25 | $7.1B | $3.3B | ||
| Q3 25 | $6.8B | $3.5B | ||
| Q2 25 | $6.7B | $3.6B | ||
| Q1 25 | $6.4B | $3.5B | ||
| Q4 24 | $6.3B | $3.5B | ||
| Q3 24 | $6.3B | $3.7B | ||
| Q2 24 | $5.7B | $3.9B | ||
| Q1 24 | $5.7B | $3.7B |
| Q4 25 | $29.1B | $14.0B | ||
| Q3 25 | $27.1B | $15.7B | ||
| Q2 25 | $25.1B | $15.9B | ||
| Q1 25 | $24.1B | $14.0B | ||
| Q4 24 | $23.1B | $13.3B | ||
| Q3 24 | $22.7B | $11.9B | ||
| Q2 24 | $22.3B | $12.8B | ||
| Q1 24 | $20.8B | $11.7B |
| Q4 25 | — | — | ||
| Q3 25 | — | 1.73× | ||
| Q2 25 | — | 1.69× | ||
| Q1 25 | — | 1.25× | ||
| Q4 24 | — | 1.07× | ||
| Q3 24 | — | 0.85× | ||
| Q2 24 | — | 1.01× | ||
| Q1 24 | — | 0.84× |
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 | $313.0M |
| Free Cash FlowOCF − Capex | $-1.2B | $236.0M |
| FCF MarginFCF / Revenue | -65.1% | 13.2% |
| Capex IntensityCapex / Revenue | 2.2% | 4.3% |
| Cash ConversionOCF / Net Profit | -3.34× | — |
| TTM Free Cash FlowTrailing 4 quarters | $-3.4B | $159.0M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-1.2B | $313.0M | ||
| Q3 25 | $-1.6B | $-20.0M | ||
| Q2 25 | $-168.8M | $-67.0M | ||
| Q1 25 | $-352.1M | $153.0M | ||
| Q4 24 | $-352.8M | $235.0M | ||
| Q3 24 | $791.9M | $-21.0M | ||
| Q2 24 | $-1.3B | $177.0M | ||
| Q1 24 | $71.1M | $242.0M |
| Q4 25 | $-1.2B | $236.0M | ||
| Q3 25 | $-1.6B | $-89.0M | ||
| Q2 25 | $-186.3M | $-111.0M | ||
| Q1 25 | $-368.8M | $123.0M | ||
| Q4 24 | $-379.5M | $184.0M | ||
| Q3 24 | $772.8M | $-64.0M | ||
| Q2 24 | $-1.3B | $135.0M | ||
| Q1 24 | $56.9M | $208.0M |
| Q4 25 | -65.1% | 13.2% | ||
| Q3 25 | -475.7% | -5.0% | ||
| Q2 25 | -11.8% | -6.1% | ||
| Q1 25 | -37.9% | 7.2% | ||
| Q4 24 | -36.8% | 11.5% | ||
| Q3 24 | 29.3% | -3.9% | ||
| Q2 24 | -120.4% | 7.9% | ||
| Q1 24 | 8.3% | 12.1% |
| Q4 25 | 2.2% | 4.3% | ||
| Q3 25 | 7.0% | 3.9% | ||
| Q2 25 | 1.1% | 2.4% | ||
| Q1 25 | 1.7% | 1.7% | ||
| Q4 24 | 2.6% | 3.2% | ||
| Q3 24 | 0.7% | 2.6% | ||
| Q2 24 | 1.7% | 2.5% | ||
| Q1 24 | 2.1% | 2.0% |
| Q4 25 | -3.34× | — | ||
| Q3 25 | -1732.78× | — | ||
| Q2 25 | -0.53× | — | ||
| Q1 25 | -2.71× | 7.65× | ||
| Q4 24 | -1.67× | — | ||
| Q3 24 | 1.33× | -0.04× | ||
| Q2 24 | -8.57× | 0.49× | ||
| Q1 24 | 1.08× | 0.46× |
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% |
H
| Other | $627.0M | 35% |
| Rooms Revenue | $326.0M | 18% |
| Net Fees | $290.0M | 16% |
| Distribution Segment | $177.0M | 10% |
| Franchise And Other Fees | $114.0M | 6% |
| Base Management Fees | $112.0M | 6% |
| Incentive Management Fees | $81.0M | 5% |
| Other Owned And Leased Hotel Revenue | $41.0M | 2% |
| Contra Revenue | $17.0M | 1% |
| Other Revenues | $4.0M | 0% |
