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Side-by-side financial comparison of Carlyle Group Inc. (CG) and Huntington Ingalls Industries (HII). Click either name above to swap in a different company.
Huntington Ingalls Industries is the larger business by last-quarter revenue ($3.5B vs $1.9B, roughly 1.8× Carlyle Group Inc.). Carlyle Group Inc. runs the higher net margin — 18.8% vs 4.6%, a 14.3% gap on every dollar of revenue. On growth, Carlyle Group Inc. posted the faster year-over-year revenue change (84.1% vs 15.7%). Huntington Ingalls Industries produced more free cash flow last quarter ($516.0M vs $-1.2B). Over the past eight quarters, Carlyle Group Inc.'s revenue compounded faster (66.2% CAGR vs 11.3%).
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.
Huntington Ingalls Industries, Inc. (HII) is the largest military shipbuilding company in the United States as well as a provider of professional services to partners in government and industry. HII was formed on 31 March 2011, as a divestiture from Northrop Grumman.
CG vs HII — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $1.9B | $3.5B |
| Net Profit | $358.1M | $159.0M |
| Gross Margin | — | — |
| Operating Margin | 24.3% | 4.9% |
| Net Margin | 18.8% | 4.6% |
| Revenue YoY | 84.1% | 15.7% |
| Net Profit YoY | 69.8% | 29.3% |
| EPS (diluted) | $0.96 | $4.06 |
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 | $3.5B | ||
| Q3 25 | $332.7M | $3.2B | ||
| Q2 25 | $1.6B | $3.1B | ||
| Q1 25 | $973.1M | $2.7B | ||
| Q4 24 | $1.0B | $3.0B | ||
| Q3 24 | $2.6B | $2.7B | ||
| Q2 24 | $1.1B | $3.0B | ||
| Q1 24 | $688.4M | $2.8B |
| Q4 25 | $358.1M | $159.0M | ||
| Q3 25 | $900.0K | $145.0M | ||
| Q2 25 | $319.7M | $152.0M | ||
| Q1 25 | $130.0M | $149.0M | ||
| Q4 24 | $210.9M | $123.0M | ||
| Q3 24 | $595.7M | $101.0M | ||
| Q2 24 | $148.2M | $173.0M | ||
| Q1 24 | $65.6M | $153.0M |
| Q4 25 | 24.3% | 4.9% | ||
| Q3 25 | 25.8% | 5.0% | ||
| Q2 25 | 28.0% | 5.3% | ||
| Q1 25 | 17.6% | 5.9% | ||
| Q4 24 | 25.7% | 3.7% | ||
| Q3 24 | 29.9% | 3.0% | ||
| Q2 24 | 20.5% | 6.3% | ||
| Q1 24 | 17.5% | 5.5% |
| Q4 25 | 18.8% | 4.6% | ||
| Q3 25 | 0.3% | 4.5% | ||
| Q2 25 | 20.3% | 4.9% | ||
| Q1 25 | 13.4% | 5.4% | ||
| Q4 24 | 20.4% | 4.1% | ||
| Q3 24 | 22.6% | 3.7% | ||
| Q2 24 | 13.9% | 5.8% | ||
| Q1 24 | 9.5% | 5.5% |
| Q4 25 | $0.96 | $4.06 | ||
| Q3 25 | $0.00 | $3.68 | ||
| Q2 25 | $0.87 | $3.86 | ||
| Q1 25 | $0.35 | $3.79 | ||
| Q4 24 | $0.56 | $3.15 | ||
| Q3 24 | $1.63 | $2.56 | ||
| Q2 24 | $0.40 | $4.38 | ||
| Q1 24 | $0.18 | $3.87 |
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 | — |
| Total DebtLower is stronger | — | $2.7B |
| Stockholders' EquityBook value | $7.1B | $5.1B |
| Total Assets | $29.1B | $12.7B |
| Debt / EquityLower = less leverage | — | 0.53× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $2.0B | — | ||
| Q3 25 | $2.2B | — | ||
| Q2 25 | $1.3B | — | ||
| Q1 25 | $1.2B | — | ||
| Q4 24 | $1.3B | — | ||
| Q3 24 | $1.4B | — | ||
| Q2 24 | $914.8M | — | ||
| Q1 24 | $1.3B | $10.0M |
| Q4 25 | — | $2.7B | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | $2.7B | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| Q4 25 | $7.1B | $5.1B | ||
| Q3 25 | $6.8B | $5.0B | ||
| Q2 25 | $6.7B | $4.9B | ||
| Q1 25 | $6.4B | $4.8B | ||
| Q4 24 | $6.3B | $4.7B | ||
| Q3 24 | $6.3B | $4.2B | ||
| Q2 24 | $5.7B | $4.2B | ||
| Q1 24 | $5.7B | $4.1B |
| Q4 25 | $29.1B | $12.7B | ||
| Q3 25 | $27.1B | $12.3B | ||
| Q2 25 | $25.1B | $12.1B | ||
| Q1 25 | $24.1B | $12.1B | ||
| Q4 24 | $23.1B | $12.1B | ||
| Q3 24 | $22.7B | $11.1B | ||
| Q2 24 | $22.3B | $11.3B | ||
| Q1 24 | $20.8B | $11.2B |
| Q4 25 | — | 0.53× | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 0.58× | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
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 | $650.0M |
| Free Cash FlowOCF − Capex | $-1.2B | $516.0M |
| FCF MarginFCF / Revenue | -65.1% | 14.8% |
| Capex IntensityCapex / Revenue | 2.2% | 3.9% |
| Cash ConversionOCF / Net Profit | -3.34× | 4.09× |
| TTM Free Cash FlowTrailing 4 quarters | $-3.4B | $794.0M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-1.2B | $650.0M | ||
| Q3 25 | $-1.6B | $118.0M | ||
| Q2 25 | $-168.8M | $823.0M | ||
| Q1 25 | $-352.1M | $-395.0M | ||
| Q4 24 | $-352.8M | $391.0M | ||
| Q3 24 | $791.9M | $213.0M | ||
| Q2 24 | $-1.3B | $-9.0M | ||
| Q1 24 | $71.1M | $-202.0M |
| Q4 25 | $-1.2B | $516.0M | ||
| Q3 25 | $-1.6B | $13.0M | ||
| Q2 25 | $-186.3M | $727.0M | ||
| Q1 25 | $-368.8M | $-462.0M | ||
| Q4 24 | $-379.5M | $277.0M | ||
| Q3 24 | $772.8M | $125.0M | ||
| Q2 24 | $-1.3B | $-99.0M | ||
| Q1 24 | $56.9M | $-277.0M |
| Q4 25 | -65.1% | 14.8% | ||
| Q3 25 | -475.7% | 0.4% | ||
| Q2 25 | -11.8% | 23.6% | ||
| Q1 25 | -37.9% | -16.9% | ||
| Q4 24 | -36.8% | 9.2% | ||
| Q3 24 | 29.3% | 4.5% | ||
| Q2 24 | -120.4% | -3.3% | ||
| Q1 24 | 8.3% | -9.9% |
| Q4 25 | 2.2% | 3.9% | ||
| Q3 25 | 7.0% | 3.3% | ||
| Q2 25 | 1.1% | 3.1% | ||
| Q1 25 | 1.7% | 2.5% | ||
| Q4 24 | 2.6% | 3.8% | ||
| Q3 24 | 0.7% | 3.2% | ||
| Q2 24 | 1.7% | 3.0% | ||
| Q1 24 | 2.1% | 2.7% |
| Q4 25 | -3.34× | 4.09× | ||
| Q3 25 | -1732.78× | 0.81× | ||
| Q2 25 | -0.53× | 5.41× | ||
| Q1 25 | -2.71× | -2.65× | ||
| Q4 24 | -1.67× | 3.18× | ||
| Q3 24 | 1.33× | 2.11× | ||
| Q2 24 | -8.57× | -0.05× | ||
| Q1 24 | 1.08× | -1.32× |
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% |
HII
| Aircraftcarriers | $984.0M | 28% |
| Fixedpriceincentive | $758.0M | 22% |
| Submarines | $744.0M | 21% |
| Surfacecombatantsandcoastguardcutters | $452.0M | 13% |
| Amphibiousassaultships | $433.0M | 12% |
| Costtype | $123.0M | 4% |
| Otherprograms | $4.0M | 0% |
