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Side-by-side financial comparison of Carlyle Group Inc. (CG) and KB HOME (KBH). Click either name above to swap in a different company.
Carlyle Group Inc. is the larger business by last-quarter revenue ($1.9B vs $1.7B, roughly 1.1× KB HOME). Carlyle Group Inc. runs the higher net margin — 18.8% vs 6.0%, a 12.8% gap on every dollar of revenue. On growth, Carlyle Group Inc. posted the faster year-over-year revenue change (84.1% vs -15.3%). KB HOME produced more free cash flow last quarter ($290.1M vs $-1.2B). Over the past eight quarters, Carlyle Group Inc.'s revenue compounded faster (66.2% CAGR vs 7.4%).
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.
KB Home is an American homebuilding company founded in 1957 as Kaufman & Broad in Detroit, Michigan. It was the first company to be traded on the New York Stock Exchange as a home builder. Its headquarters are in Los Angeles, California.
CG vs KBH — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $1.9B | $1.7B |
| Net Profit | $358.1M | $101.5M |
| Gross Margin | — | — |
| Operating Margin | 24.3% | — |
| Net Margin | 18.8% | 6.0% |
| Revenue YoY | 84.1% | -15.3% |
| Net Profit YoY | 69.8% | -46.7% |
| EPS (diluted) | $0.96 | $1.55 |
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 | $1.7B | ||
| Q3 25 | $332.7M | $1.6B | ||
| Q2 25 | $1.6B | $1.5B | ||
| Q1 25 | $973.1M | $1.4B | ||
| Q4 24 | $1.0B | $2.0B | ||
| Q3 24 | $2.6B | $1.8B | ||
| Q2 24 | $1.1B | $1.7B | ||
| Q1 24 | $688.4M | $1.5B |
| Q4 25 | $358.1M | $101.5M | ||
| Q3 25 | $900.0K | $109.8M | ||
| Q2 25 | $319.7M | $107.9M | ||
| Q1 25 | $130.0M | $109.6M | ||
| Q4 24 | $210.9M | $190.6M | ||
| Q3 24 | $595.7M | $157.3M | ||
| Q2 24 | $148.2M | $168.4M | ||
| Q1 24 | $65.6M | $138.7M |
| Q4 25 | 24.3% | — | ||
| Q3 25 | 25.8% | — | ||
| Q2 25 | 28.0% | — | ||
| Q1 25 | 17.6% | — | ||
| Q4 24 | 25.7% | — | ||
| Q3 24 | 29.9% | — | ||
| Q2 24 | 20.5% | — | ||
| Q1 24 | 17.5% | — |
| Q4 25 | 18.8% | 6.0% | ||
| Q3 25 | 0.3% | 6.8% | ||
| Q2 25 | 20.3% | 7.1% | ||
| Q1 25 | 13.4% | 7.9% | ||
| Q4 24 | 20.4% | 9.5% | ||
| Q3 24 | 22.6% | 9.0% | ||
| Q2 24 | 13.9% | 9.9% | ||
| Q1 24 | 9.5% | 9.4% |
| Q4 25 | $0.96 | $1.55 | ||
| Q3 25 | $0.00 | $1.61 | ||
| Q2 25 | $0.87 | $1.50 | ||
| Q1 25 | $0.35 | $1.49 | ||
| Q4 24 | $0.56 | $2.50 | ||
| Q3 24 | $1.63 | $2.04 | ||
| Q2 24 | $0.40 | $2.15 | ||
| Q1 24 | $0.18 | $1.76 |
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 | — | — |
| Stockholders' EquityBook value | $7.1B | $3.9B |
| Total Assets | $29.1B | $6.7B |
| Debt / EquityLower = less leverage | — | — |
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 | — |
| Q4 25 | $7.1B | $3.9B | ||
| Q3 25 | $6.8B | $3.9B | ||
| Q2 25 | $6.7B | $4.0B | ||
| Q1 25 | $6.4B | $4.1B | ||
| Q4 24 | $6.3B | $4.1B | ||
| Q3 24 | $6.3B | $4.0B | ||
| Q2 24 | $5.7B | $4.0B | ||
| Q1 24 | $5.7B | $3.9B |
| Q4 25 | $29.1B | $6.7B | ||
| Q3 25 | $27.1B | $7.0B | ||
| Q2 25 | $25.1B | $7.0B | ||
| Q1 25 | $24.1B | $7.0B | ||
| Q4 24 | $23.1B | $6.9B | ||
| Q3 24 | $22.7B | $6.8B | ||
| Q2 24 | $22.3B | $6.8B | ||
| Q1 24 | $20.8B | $6.7B |
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 | $303.8M |
| Free Cash FlowOCF − Capex | $-1.2B | $290.1M |
| FCF MarginFCF / Revenue | -65.1% | 17.1% |
| Capex IntensityCapex / Revenue | 2.2% | 0.8% |
| Cash ConversionOCF / Net Profit | -3.34× | 2.99× |
| TTM Free Cash FlowTrailing 4 quarters | $-3.4B | $287.3M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-1.2B | $303.8M | ||
| Q3 25 | $-1.6B | $197.7M | ||
| Q2 25 | $-168.8M | $168.4M | ||
| Q1 25 | $-352.1M | $-334.3M | ||
| Q4 24 | $-352.8M | $362.6M | ||
| Q3 24 | $791.9M | $-89.9M | ||
| Q2 24 | $-1.3B | $61.5M | ||
| Q1 24 | $71.1M | $28.5M |
| Q4 25 | $-1.2B | $290.1M | ||
| Q3 25 | $-1.6B | $185.8M | ||
| Q2 25 | $-186.3M | $156.9M | ||
| Q1 25 | $-368.8M | $-345.5M | ||
| Q4 24 | $-379.5M | $352.6M | ||
| Q3 24 | $772.8M | $-99.4M | ||
| Q2 24 | $-1.3B | $51.2M | ||
| Q1 24 | $56.9M | $19.1M |
| Q4 25 | -65.1% | 17.1% | ||
| Q3 25 | -475.7% | 11.5% | ||
| Q2 25 | -11.8% | 10.3% | ||
| Q1 25 | -37.9% | -24.8% | ||
| Q4 24 | -36.8% | 17.6% | ||
| Q3 24 | 29.3% | -5.7% | ||
| Q2 24 | -120.4% | 3.0% | ||
| Q1 24 | 8.3% | 1.3% |
| Q4 25 | 2.2% | 0.8% | ||
| Q3 25 | 7.0% | 0.7% | ||
| Q2 25 | 1.1% | 0.8% | ||
| Q1 25 | 1.7% | 0.8% | ||
| Q4 24 | 2.6% | 0.5% | ||
| Q3 24 | 0.7% | 0.5% | ||
| Q2 24 | 1.7% | 0.6% | ||
| Q1 24 | 2.1% | 0.6% |
| Q4 25 | -3.34× | 2.99× | ||
| Q3 25 | -1732.78× | 1.80× | ||
| Q2 25 | -0.53× | 1.56× | ||
| Q1 25 | -2.71× | -3.05× | ||
| Q4 24 | -1.67× | 1.90× | ||
| Q3 24 | 1.33× | -0.57× | ||
| Q2 24 | -8.57× | 0.37× | ||
| Q1 24 | 1.08× | 0.21× |
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% |
KBH
| Home Building | $1.7B | 99% |
| Financial Service | $8.7M | 1% |
