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Side-by-side financial comparison of Carlyle Group Inc. (CG) and INSPERITY, INC. (NSP). 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× INSPERITY, INC.). On growth, Carlyle Group Inc. posted the faster year-over-year revenue change (84.1% vs 3.4%). INSPERITY, INC. produced more free cash flow last quarter ($246.0M vs $-1.2B). Over the past eight quarters, Carlyle Group Inc.'s revenue compounded faster (66.2% CAGR vs -3.8%).
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.
Insperity, Inc., previously known as Administaff, Inc., is a professional employer organization (PEO) headquartered in Kingwood, an area of Houston, Texas, USA. Insperity provides human resources and administrative services to small and medium-sized businesses. Since 2004, the company has been title sponsor of a professional golf tournament on the Champions Tour, previously known as the Administaff Small Business Classic.
CG vs NSP — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $1.9B | $1.7B |
| Net Profit | $358.1M | — |
| Gross Margin | — | 10.3% |
| Operating Margin | 24.3% | -2.8% |
| Net Margin | 18.8% | — |
| Revenue YoY | 84.1% | 3.4% |
| Net Profit YoY | 69.8% | — |
| EPS (diluted) | $0.96 | $-0.87 |
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 | $1.7B | ||
| Q1 25 | $973.1M | $1.9B | ||
| Q4 24 | $1.0B | $1.6B | ||
| Q3 24 | $2.6B | $1.6B | ||
| Q2 24 | $1.1B | $1.6B | ||
| Q1 24 | $688.4M | $1.8B |
| Q4 25 | $358.1M | — | ||
| Q3 25 | $900.0K | $-20.0M | ||
| Q2 25 | $319.7M | $-5.0M | ||
| Q1 25 | $130.0M | $51.0M | ||
| Q4 24 | $210.9M | — | ||
| Q3 24 | $595.7M | $3.0M | ||
| Q2 24 | $148.2M | $18.0M | ||
| Q1 24 | $65.6M | $79.0M |
| Q4 25 | — | 10.3% | ||
| Q3 25 | — | 12.0% | ||
| Q2 25 | — | 13.4% | ||
| Q1 25 | — | 16.6% | ||
| Q4 24 | — | 13.5% | ||
| Q3 24 | — | 14.7% | ||
| Q2 24 | — | 16.2% | ||
| Q1 24 | — | 19.1% |
| Q4 25 | 24.3% | -2.8% | ||
| Q3 25 | 25.8% | -1.5% | ||
| Q2 25 | 28.0% | -0.4% | ||
| Q1 25 | 17.6% | 3.7% | ||
| Q4 24 | 25.7% | -0.9% | ||
| Q3 24 | 29.9% | 0.1% | ||
| Q2 24 | 20.5% | 1.4% | ||
| Q1 24 | 17.5% | 6.0% |
| Q4 25 | 18.8% | — | ||
| Q3 25 | 0.3% | -1.2% | ||
| Q2 25 | 20.3% | -0.3% | ||
| Q1 25 | 13.4% | 2.7% | ||
| Q4 24 | 20.4% | — | ||
| Q3 24 | 22.6% | 0.2% | ||
| Q2 24 | 13.9% | 1.1% | ||
| Q1 24 | 9.5% | 4.4% |
| Q4 25 | $0.96 | $-0.87 | ||
| Q3 25 | $0.00 | $-0.53 | ||
| Q2 25 | $0.87 | $-0.14 | ||
| Q1 25 | $0.35 | $1.35 | ||
| Q4 24 | $0.56 | $-0.21 | ||
| Q3 24 | $1.63 | $0.07 | ||
| Q2 24 | $0.40 | $0.48 | ||
| Q1 24 | $0.18 | $2.08 |
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 | $682.0M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $7.1B | $46.0M |
| Total Assets | $29.1B | $2.2B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $2.0B | $682.0M | ||
| Q3 25 | $2.2B | $521.0M | ||
| Q2 25 | $1.3B | $511.0M | ||
| Q1 25 | $1.2B | $684.0M | ||
| Q4 24 | $1.3B | $1.2B | ||
| Q3 24 | $1.4B | $596.0M | ||
| Q2 24 | $914.8M | $850.0M | ||
| Q1 24 | $1.3B | $801.0M |
| Q4 25 | $7.1B | $46.0M | ||
| Q3 25 | $6.8B | $87.0M | ||
| Q2 25 | $6.7B | $112.0M | ||
| Q1 25 | $6.4B | $119.0M | ||
| Q4 24 | $6.3B | $97.0M | ||
| Q3 24 | $6.3B | $125.0M | ||
| Q2 24 | $5.7B | $142.0M | ||
| Q1 24 | $5.7B | $140.0M |
| Q4 25 | $29.1B | $2.2B | ||
| Q3 25 | $27.1B | $2.0B | ||
| Q2 25 | $25.1B | $2.0B | ||
| Q1 25 | $24.1B | $2.1B | ||
| Q4 24 | $23.1B | $2.6B | ||
| Q3 24 | $22.7B | $1.9B | ||
| Q2 24 | $22.3B | $2.1B | ||
| Q1 24 | $20.8B | $2.1B |
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 | $255.0M |
| Free Cash FlowOCF − Capex | $-1.2B | $246.0M |
| FCF MarginFCF / Revenue | -65.1% | 14.7% |
| Capex IntensityCapex / Revenue | 2.2% | 0.5% |
| Cash ConversionOCF / Net Profit | -3.34× | — |
| TTM Free Cash FlowTrailing 4 quarters | $-3.4B | $-309.0M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-1.2B | $255.0M | ||
| Q3 25 | $-1.6B | $-11.0M | ||
| Q2 25 | $-168.8M | $-79.0M | ||
| Q1 25 | $-352.1M | $-443.0M | ||
| Q4 24 | $-352.8M | $619.0M | ||
| Q3 24 | $791.9M | $-150.0M | ||
| Q2 24 | $-1.3B | $20.0M | ||
| Q1 24 | $71.1M | $31.0M |
| Q4 25 | $-1.2B | $246.0M | ||
| Q3 25 | $-1.6B | $-20.0M | ||
| Q2 25 | $-186.3M | $-86.0M | ||
| Q1 25 | $-368.8M | $-449.0M | ||
| Q4 24 | $-379.5M | $606.0M | ||
| Q3 24 | $772.8M | $-164.0M | ||
| Q2 24 | $-1.3B | $14.0M | ||
| Q1 24 | $56.9M | $26.0M |
| Q4 25 | -65.1% | 14.7% | ||
| Q3 25 | -475.7% | -1.2% | ||
| Q2 25 | -11.8% | -5.2% | ||
| Q1 25 | -37.9% | -24.1% | ||
| Q4 24 | -36.8% | 37.6% | ||
| Q3 24 | 29.3% | -10.5% | ||
| Q2 24 | -120.4% | 0.9% | ||
| Q1 24 | 8.3% | 1.4% |
| Q4 25 | 2.2% | 0.5% | ||
| Q3 25 | 7.0% | 0.6% | ||
| Q2 25 | 1.1% | 0.4% | ||
| Q1 25 | 1.7% | 0.3% | ||
| Q4 24 | 2.6% | 0.8% | ||
| Q3 24 | 0.7% | 0.9% | ||
| Q2 24 | 1.7% | 0.4% | ||
| Q1 24 | 2.1% | 0.3% |
| Q4 25 | -3.34× | — | ||
| Q3 25 | -1732.78× | — | ||
| Q2 25 | -0.53× | — | ||
| Q1 25 | -2.71× | -8.69× | ||
| Q4 24 | -1.67× | — | ||
| Q3 24 | 1.33× | -50.00× | ||
| Q2 24 | -8.57× | 1.11× | ||
| Q1 24 | 1.08× | 0.39× |
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% |
NSP
| Northeast | $455.0M | 27% |
| West | $339.0M | 20% |
| Southwest | $317.0M | 19% |
| Central | $299.0M | 18% |
| Southeast | $241.0M | 14% |
| Other Revenues | $17.0M | 1% |
