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Side-by-side financial comparison of Carlyle Group Inc. (CG) and ON Semiconductor (ON). Click either name above to swap in a different company.
Carlyle Group Inc. is the larger business by last-quarter revenue ($1.9B vs $1.6B, roughly 1.2× ON Semiconductor). Carlyle Group Inc. runs the higher net margin — 18.8% vs 16.4%, a 2.4% gap on every dollar of revenue. On growth, Carlyle Group Inc. posted the faster year-over-year revenue change (84.1% vs -10.0%). ON Semiconductor produced more free cash flow last quarter ($372.4M vs $-1.2B). Over the past eight quarters, Carlyle Group Inc.'s revenue compounded faster (66.2% CAGR vs -12.3%).
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.
Fairchild Semiconductor International, Inc. was an American semiconductor company based in San Jose, California. It was founded in 1957 as a division of Fairchild Camera and Instrument by the "traitorous eight" who defected from Shockley Semiconductor Laboratory. It became a pioneer in the manufacturing of transistors and of integrated circuits. Schlumberger bought the firm in 1979 and sold it to National Semiconductor in 1987; Fairchild was spun off as an independent company again in 1997. I...
CG vs ON — Head-to-Head
Income Statement — Q4 FY2025 vs Q3 FY2025
| Metric | | |
|---|---|---|
| Revenue | $1.9B | $1.6B |
| Net Profit | $358.1M | $255.0M |
| Gross Margin | — | 37.9% |
| Operating Margin | 24.3% | 17.0% |
| Net Margin | 18.8% | 16.4% |
| Revenue YoY | 84.1% | -10.0% |
| Net Profit YoY | 69.8% | -32.9% |
| EPS (diluted) | $0.96 | $0.63 |
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 | $1.6B | ||
| Q3 25 | $332.7M | $1.5B | ||
| Q2 25 | $1.6B | $1.4B | ||
| Q1 25 | $973.1M | — | ||
| Q4 24 | $1.0B | $1.7B | ||
| Q3 24 | $2.6B | $1.8B | ||
| Q2 24 | $1.1B | $1.7B | ||
| Q1 24 | $688.4M | $1.9B |
| Q4 25 | $358.1M | $255.0M | ||
| Q3 25 | $900.0K | $170.3M | ||
| Q2 25 | $319.7M | $-486.1M | ||
| Q1 25 | $130.0M | — | ||
| Q4 24 | $210.9M | $379.9M | ||
| Q3 24 | $595.7M | $401.7M | ||
| Q2 24 | $148.2M | $338.2M | ||
| Q1 24 | $65.6M | $453.0M |
| Q4 25 | — | 37.9% | ||
| Q3 25 | — | 37.6% | ||
| Q2 25 | — | 20.3% | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 45.2% | ||
| Q3 24 | — | 45.4% | ||
| Q2 24 | — | 45.2% | ||
| Q1 24 | — | 45.8% |
| Q4 25 | 24.3% | 17.0% | ||
| Q3 25 | 25.8% | 13.2% | ||
| Q2 25 | 28.0% | -39.7% | ||
| Q1 25 | 17.6% | — | ||
| Q4 24 | 25.7% | 23.7% | ||
| Q3 24 | 29.9% | 25.3% | ||
| Q2 24 | 20.5% | 22.4% | ||
| Q1 24 | 17.5% | 28.2% |
| Q4 25 | 18.8% | 16.4% | ||
| Q3 25 | 0.3% | 11.6% | ||
| Q2 25 | 20.3% | -33.6% | ||
| Q1 25 | 13.4% | — | ||
| Q4 24 | 20.4% | 22.1% | ||
| Q3 24 | 22.6% | 22.8% | ||
| Q2 24 | 13.9% | 19.5% | ||
| Q1 24 | 9.5% | 24.3% |
| Q4 25 | $0.96 | $0.63 | ||
| Q3 25 | $0.00 | $0.41 | ||
| Q2 25 | $0.87 | $-1.15 | ||
| Q1 25 | $0.35 | — | ||
| Q4 24 | $0.56 | $0.88 | ||
| Q3 24 | $1.63 | $0.93 | ||
| Q2 24 | $0.40 | $0.78 | ||
| Q1 24 | $0.18 | $1.04 |
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 | $2.9B |
| Total DebtLower is stronger | — | $3.4B |
| Stockholders' EquityBook value | $7.1B | $7.9B |
| Total Assets | $29.1B | $13.0B |
| Debt / EquityLower = less leverage | — | 0.43× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $2.0B | $2.9B | ||
| Q3 25 | $2.2B | $2.8B | ||
| Q2 25 | $1.3B | $3.0B | ||
| Q1 25 | $1.2B | — | ||
| Q4 24 | $1.3B | $3.0B | ||
| Q3 24 | $1.4B | $2.8B | ||
| Q2 24 | $914.8M | $2.7B | ||
| Q1 24 | $1.3B | $2.6B |
| Q4 25 | — | $3.4B | ||
| Q3 25 | — | $3.4B | ||
| Q2 25 | — | $3.4B | ||
| Q1 25 | — | — | ||
| Q4 24 | — | $3.4B | ||
| Q3 24 | — | $3.4B | ||
| Q2 24 | — | $3.4B | ||
| Q1 24 | — | $3.4B |
| Q4 25 | $7.1B | $7.9B | ||
| Q3 25 | $6.8B | $7.9B | ||
| Q2 25 | $6.7B | $8.0B | ||
| Q1 25 | $6.4B | — | ||
| Q4 24 | $6.3B | $8.8B | ||
| Q3 24 | $6.3B | $8.6B | ||
| Q2 24 | $5.7B | $8.3B | ||
| Q1 24 | $5.7B | $8.1B |
| Q4 25 | $29.1B | $13.0B | ||
| Q3 25 | $27.1B | $13.1B | ||
| Q2 25 | $25.1B | $13.3B | ||
| Q1 25 | $24.1B | — | ||
| Q4 24 | $23.1B | $14.1B | ||
| Q3 24 | $22.7B | $13.9B | ||
| Q2 24 | $22.3B | $13.7B | ||
| Q1 24 | $20.8B | $13.5B |
| Q4 25 | — | 0.43× | ||
| Q3 25 | — | 0.43× | ||
| Q2 25 | — | 0.42× | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 0.38× | ||
| Q3 24 | — | 0.39× | ||
| Q2 24 | — | 0.41× | ||
| Q1 24 | — | 0.42× |
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 | $418.7M |
| Free Cash FlowOCF − Capex | $-1.2B | $372.4M |
| FCF MarginFCF / Revenue | -65.1% | 24.0% |
| Capex IntensityCapex / Revenue | 2.2% | 3.0% |
| Cash ConversionOCF / Net Profit | -3.34× | 1.64× |
| TTM Free Cash FlowTrailing 4 quarters | $-3.4B | $1.4B |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-1.2B | $418.7M | ||
| Q3 25 | $-1.6B | $184.3M | ||
| Q2 25 | $-168.8M | $602.3M | ||
| Q1 25 | $-352.1M | — | ||
| Q4 24 | $-352.8M | $579.7M | ||
| Q3 24 | $791.9M | $465.8M | ||
| Q2 24 | $-1.3B | $362.2M | ||
| Q1 24 | $71.1M | $498.7M |
| Q4 25 | $-1.2B | $372.4M | ||
| Q3 25 | $-1.6B | $106.1M | ||
| Q2 25 | $-186.3M | $454.7M | ||
| Q1 25 | $-368.8M | — | ||
| Q4 24 | $-379.5M | $434.8M | ||
| Q3 24 | $772.8M | $293.6M | ||
| Q2 24 | $-1.3B | $207.7M | ||
| Q1 24 | $56.9M | $276.3M |
| Q4 25 | -65.1% | 24.0% | ||
| Q3 25 | -475.7% | 7.2% | ||
| Q2 25 | -11.8% | 31.5% | ||
| Q1 25 | -37.9% | — | ||
| Q4 24 | -36.8% | 25.2% | ||
| Q3 24 | 29.3% | 16.7% | ||
| Q2 24 | -120.4% | 12.0% | ||
| Q1 24 | 8.3% | 14.8% |
| Q4 25 | 2.2% | 3.0% | ||
| Q3 25 | 7.0% | 5.3% | ||
| Q2 25 | 1.1% | 10.2% | ||
| Q1 25 | 1.7% | — | ||
| Q4 24 | 2.6% | 8.4% | ||
| Q3 24 | 0.7% | 9.8% | ||
| Q2 24 | 1.7% | 8.9% | ||
| Q1 24 | 2.1% | 11.9% |
| Q4 25 | -3.34× | 1.64× | ||
| Q3 25 | -1732.78× | 1.08× | ||
| Q2 25 | -0.53× | — | ||
| Q1 25 | -2.71× | — | ||
| Q4 24 | -1.67× | 1.53× | ||
| Q3 24 | 1.33× | 1.16× | ||
| Q2 24 | -8.57× | 1.07× | ||
| Q1 24 | 1.08× | 1.10× |
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% |
ON
| Industrial Segment | $426.3M | 27% |
| Other End Markets Segment | $337.3M | 22% |
| Intelligent Sensing Segments | $284.0M | 18% |
| Direct Customers | $282.4M | 18% |
| Intelligent Sensing Group | $230.0M | 15% |
