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Side-by-side financial comparison of Carlyle Group Inc. (CG) and NEWELL BRANDS INC. (NWL). Click either name above to swap in a different company.
Carlyle Group Inc. is the larger business by last-quarter revenue ($1.9B vs $1.9B, roughly 1.0× NEWELL BRANDS INC.). Carlyle Group Inc. runs the higher net margin — 18.8% vs -16.6%, a 35.4% gap on every dollar of revenue. On growth, Carlyle Group Inc. posted the faster year-over-year revenue change (84.1% vs -2.7%). NEWELL BRANDS INC. produced more free cash flow last quarter ($91.0M vs $-1.2B). Over the past eight quarters, Carlyle Group Inc.'s revenue compounded faster (66.2% CAGR vs 7.1%).
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.
Newell Brands Inc. is an American conglomerate of consumer and commercial products. The company's brands and products include Rubbermaid storage/or waste disposal containers; home organization and reusable container products; Contigo and Bubba water bottles; Coleman outdoor products; writing instruments glue ; children's products ; cookware and small appliances and fragrance products.
CG vs NWL — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $1.9B | $1.9B |
| Net Profit | $358.1M | $-315.0M |
| Gross Margin | — | 33.1% |
| Operating Margin | 24.3% | -14.3% |
| Net Margin | 18.8% | -16.6% |
| Revenue YoY | 84.1% | -2.7% |
| Net Profit YoY | 69.8% | -483.3% |
| EPS (diluted) | $0.96 | $-0.75 |
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 | $1.9B | ||
| Q3 25 | $332.7M | $1.8B | ||
| Q2 25 | $1.6B | $1.9B | ||
| Q1 25 | $973.1M | $1.6B | ||
| Q4 24 | $1.0B | $1.9B | ||
| Q3 24 | $2.6B | $1.9B | ||
| Q2 24 | $1.1B | $2.0B | ||
| Q1 24 | $688.4M | $1.7B |
| Q4 25 | $358.1M | $-315.0M | ||
| Q3 25 | $900.0K | $21.0M | ||
| Q2 25 | $319.7M | $46.0M | ||
| Q1 25 | $130.0M | $-37.0M | ||
| Q4 24 | $210.9M | $-54.0M | ||
| Q3 24 | $595.7M | $-198.0M | ||
| Q2 24 | $148.2M | $45.0M | ||
| Q1 24 | $65.6M | $-9.0M |
| Q4 25 | — | 33.1% | ||
| Q3 25 | — | 34.1% | ||
| Q2 25 | — | 35.4% | ||
| Q1 25 | — | 32.1% | ||
| Q4 24 | — | 34.2% | ||
| Q3 24 | — | 34.9% | ||
| Q2 24 | — | 34.4% | ||
| Q1 24 | — | 30.5% |
| Q4 25 | 24.3% | -14.3% | ||
| Q3 25 | 25.8% | 6.6% | ||
| Q2 25 | 28.0% | 8.8% | ||
| Q1 25 | 17.6% | 1.3% | ||
| Q4 24 | 25.7% | 0.5% | ||
| Q3 24 | 29.9% | -6.2% | ||
| Q2 24 | 20.5% | 8.0% | ||
| Q1 24 | 17.5% | 1.0% |
| Q4 25 | 18.8% | -16.6% | ||
| Q3 25 | 0.3% | 1.2% | ||
| Q2 25 | 20.3% | 2.4% | ||
| Q1 25 | 13.4% | -2.4% | ||
| Q4 24 | 20.4% | -2.8% | ||
| Q3 24 | 22.6% | -10.2% | ||
| Q2 24 | 13.9% | 2.2% | ||
| Q1 24 | 9.5% | -0.5% |
| Q4 25 | $0.96 | $-0.75 | ||
| Q3 25 | $0.00 | $0.05 | ||
| Q2 25 | $0.87 | $0.11 | ||
| Q1 25 | $0.35 | $-0.09 | ||
| Q4 24 | $0.56 | $-0.13 | ||
| Q3 24 | $1.63 | $-0.48 | ||
| Q2 24 | $0.40 | $0.11 | ||
| Q1 24 | $0.18 | $-0.02 |
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 | $203.0M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $7.1B | $2.4B |
| Total Assets | $29.1B | $10.7B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $2.0B | $203.0M | ||
| Q3 25 | $2.2B | $229.0M | ||
| Q2 25 | $1.3B | $219.0M | ||
| Q1 25 | $1.2B | $233.0M | ||
| Q4 24 | $1.3B | $198.0M | ||
| Q3 24 | $1.4B | $494.0M | ||
| Q2 24 | $914.8M | $382.0M | ||
| Q1 24 | $1.3B | $372.0M |
| Q4 25 | $7.1B | $2.4B | ||
| Q3 25 | $6.8B | $2.7B | ||
| Q2 25 | $6.7B | $2.7B | ||
| Q1 25 | $6.4B | $2.7B | ||
| Q4 24 | $6.3B | $2.8B | ||
| Q3 24 | $6.3B | $2.9B | ||
| Q2 24 | $5.7B | $3.1B | ||
| Q1 24 | $5.7B | $3.1B |
| Q4 25 | $29.1B | $10.7B | ||
| Q3 25 | $27.1B | $11.3B | ||
| Q2 25 | $25.1B | $11.5B | ||
| Q1 25 | $24.1B | $11.3B | ||
| Q4 24 | $23.1B | $11.0B | ||
| Q3 24 | $22.7B | $11.8B | ||
| Q2 24 | $22.3B | $12.0B | ||
| Q1 24 | $20.8B | $12.1B |
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 | $161.0M |
| Free Cash FlowOCF − Capex | $-1.2B | $91.0M |
| FCF MarginFCF / Revenue | -65.1% | 4.8% |
| Capex IntensityCapex / Revenue | 2.2% | 3.7% |
| Cash ConversionOCF / Net Profit | -3.34× | — |
| TTM Free Cash FlowTrailing 4 quarters | $-3.4B | $17.0M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-1.2B | $161.0M | ||
| Q3 25 | $-1.6B | $374.0M | ||
| Q2 25 | $-168.8M | $-58.0M | ||
| Q1 25 | $-352.1M | $-213.0M | ||
| Q4 24 | $-352.8M | $150.0M | ||
| Q3 24 | $791.9M | $282.0M | ||
| Q2 24 | $-1.3B | $32.0M | ||
| Q1 24 | $71.1M | $32.0M |
| Q4 25 | $-1.2B | $91.0M | ||
| Q3 25 | $-1.6B | $315.0M | ||
| Q2 25 | $-186.3M | $-117.0M | ||
| Q1 25 | $-368.8M | $-272.0M | ||
| Q4 24 | $-379.5M | $54.0M | ||
| Q3 24 | $772.8M | $231.0M | ||
| Q2 24 | $-1.3B | $-21.0M | ||
| Q1 24 | $56.9M | $-27.0M |
| Q4 25 | -65.1% | 4.8% | ||
| Q3 25 | -475.7% | 17.4% | ||
| Q2 25 | -11.8% | -6.0% | ||
| Q1 25 | -37.9% | -17.4% | ||
| Q4 24 | -36.8% | 2.8% | ||
| Q3 24 | 29.3% | 11.9% | ||
| Q2 24 | -120.4% | -1.0% | ||
| Q1 24 | 8.3% | -1.6% |
| Q4 25 | 2.2% | 3.7% | ||
| Q3 25 | 7.0% | 3.3% | ||
| Q2 25 | 1.1% | 3.0% | ||
| Q1 25 | 1.7% | 3.8% | ||
| Q4 24 | 2.6% | 4.9% | ||
| Q3 24 | 0.7% | 2.6% | ||
| Q2 24 | 1.7% | 2.6% | ||
| Q1 24 | 2.1% | 3.6% |
| Q4 25 | -3.34× | — | ||
| Q3 25 | -1732.78× | 17.81× | ||
| Q2 25 | -0.53× | -1.26× | ||
| Q1 25 | -2.71× | — | ||
| Q4 24 | -1.67× | — | ||
| Q3 24 | 1.33× | — | ||
| Q2 24 | -8.57× | 0.71× | ||
| Q1 24 | 1.08× | — |
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% |
NWL
| Kitchen | $538.0M | 28% |
| Writing | $370.0M | 20% |
| Commercial | $320.0M | 17% |
| Financial Institution Two | $286.0M | 15% |
| Baby | $259.0M | 14% |
| Outdoor And Recreation | $142.0M | 7% |
