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Side-by-side financial comparison of Carlyle Group Inc. (CG) and OSHKOSH CORP (OSK). Click either name above to swap in a different company.

OSHKOSH CORP is the larger business by last-quarter revenue ($2.7B vs $1.9B, roughly 1.4× Carlyle Group Inc.). Carlyle Group Inc. runs the higher net margin — 18.8% vs 5.0%, a 13.9% gap on every dollar of revenue. On growth, Carlyle Group Inc. posted the faster year-over-year revenue change (84.1% vs 3.5%). OSHKOSH CORP produced more free cash flow last quarter ($540.3M vs $-1.2B). Over the past eight quarters, Carlyle Group Inc.'s revenue compounded faster (66.2% CAGR vs 2.8%).

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.

Oshkosh Corporation, formerly Oshkosh Truck, is an American industrial company that designs and builds specialty trucks, military vehicles, truck bodies, airport fire apparatus, and access equipment. The corporation also owns Pierce Manufacturing, a fire apparatus manufacturer in Appleton, Wisconsin, and JLG Industries, a manufacturer of lift equipment, including aerial lifts, boom lifts, scissor lifts, telehandlers and low-level access lifts.

CG vs OSK — Head-to-Head

Bigger by revenue
OSK
OSK
1.4× larger
OSK
$2.7B
$1.9B
CG
Growing faster (revenue YoY)
CG
CG
+80.6% gap
CG
84.1%
3.5%
OSK
Higher net margin
CG
CG
13.9% more per $
CG
18.8%
5.0%
OSK
More free cash flow
OSK
OSK
$1.8B more FCF
OSK
$540.3M
$-1.2B
CG
Faster 2-yr revenue CAGR
CG
CG
Annualised
CG
66.2%
2.8%
OSK

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
CG
CG
OSK
OSK
Revenue
$1.9B
$2.7B
Net Profit
$358.1M
$133.8M
Gross Margin
15.8%
Operating Margin
24.3%
7.9%
Net Margin
18.8%
5.0%
Revenue YoY
84.1%
3.5%
Net Profit YoY
69.8%
-12.6%
EPS (diluted)
$0.96

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.

Revenue
CG
CG
OSK
OSK
Q4 25
$1.9B
$2.7B
Q3 25
$332.7M
$2.7B
Q2 25
$1.6B
$2.7B
Q1 25
$973.1M
$2.3B
Q4 24
$1.0B
$2.6B
Q3 24
$2.6B
$2.7B
Q2 24
$1.1B
$2.8B
Q1 24
$688.4M
$2.5B
Net Profit
CG
CG
OSK
OSK
Q4 25
$358.1M
$133.8M
Q3 25
$900.0K
$196.2M
Q2 25
$319.7M
$204.8M
Q1 25
$130.0M
$112.2M
Q4 24
$210.9M
$153.1M
Q3 24
$595.7M
$180.3M
Q2 24
$148.2M
$168.6M
Q1 24
$65.6M
$179.4M
Gross Margin
CG
CG
OSK
OSK
Q4 25
15.8%
Q3 25
17.5%
Q2 25
19.2%
Q1 25
17.3%
Q4 24
17.2%
Q3 24
18.5%
Q2 24
19.2%
Q1 24
18.5%
Operating Margin
CG
CG
OSK
OSK
Q4 25
24.3%
7.9%
Q3 25
25.8%
9.7%
Q2 25
28.0%
10.7%
Q1 25
17.6%
7.6%
Q4 24
25.7%
8.6%
Q3 24
29.9%
9.7%
Q2 24
20.5%
9.2%
Q1 24
17.5%
10.2%
Net Margin
CG
CG
OSK
OSK
Q4 25
18.8%
5.0%
Q3 25
0.3%
7.3%
Q2 25
20.3%
7.5%
Q1 25
13.4%
4.9%
Q4 24
20.4%
5.9%
Q3 24
22.6%
6.6%
Q2 24
13.9%
5.9%
Q1 24
9.5%
7.1%
EPS (diluted)
CG
CG
OSK
OSK
Q4 25
$0.96
Q3 25
$0.00
Q2 25
$0.87
Q1 25
$0.35
Q4 24
$0.56
Q3 24
$1.63
Q2 24
$0.40
Q1 24
$0.18

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
CG
CG
OSK
OSK
Cash + ST InvestmentsLiquidity on hand
$2.0B
$479.8M
Total DebtLower is stronger
Stockholders' EquityBook value
$7.1B
$4.5B
Total Assets
$29.1B
$10.1B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
CG
CG
OSK
OSK
Q4 25
$2.0B
$479.8M
Q3 25
$2.2B
$211.8M
Q2 25
$1.3B
$191.7M
Q1 25
$1.2B
$210.3M
Q4 24
$1.3B
$204.9M
Q3 24
$1.4B
$160.9M
Q2 24
$914.8M
$141.4M
Q1 24
$1.3B
$69.9M
Total Debt
CG
CG
OSK
OSK
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
$602.3M
Q2 24
$599.1M
Q1 24
$598.9M
Stockholders' Equity
CG
CG
OSK
OSK
Q4 25
$7.1B
$4.5B
Q3 25
$6.8B
$4.5B
Q2 25
$6.7B
$4.5B
Q1 25
$6.4B
$4.2B
Q4 24
$6.3B
$4.2B
Q3 24
$6.3B
$4.1B
Q2 24
$5.7B
$3.9B
Q1 24
$5.7B
$3.8B
Total Assets
CG
CG
OSK
OSK
Q4 25
$29.1B
$10.1B
Q3 25
$27.1B
$9.8B
Q2 25
$25.1B
$10.0B
Q1 25
$24.1B
$9.8B
Q4 24
$23.1B
$9.4B
Q3 24
$22.7B
$9.9B
Q2 24
$22.3B
$9.7B
Q1 24
$20.8B
$9.5B
Debt / Equity
CG
CG
OSK
OSK
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
0.15×
Q2 24
0.15×
Q1 24
0.16×

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
CG
CG
OSK
OSK
Operating Cash FlowLast quarter
$-1.2B
$600.1M
Free Cash FlowOCF − Capex
$-1.2B
$540.3M
FCF MarginFCF / Revenue
-65.1%
20.1%
Capex IntensityCapex / Revenue
2.2%
2.2%
Cash ConversionOCF / Net Profit
-3.34×
4.49×
TTM Free Cash FlowTrailing 4 quarters
$-3.4B
$618.0M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
CG
CG
OSK
OSK
Q4 25
$-1.2B
$600.1M
Q3 25
$-1.6B
$489.0M
Q2 25
$-168.8M
$89.2M
Q1 25
$-352.1M
$-394.9M
Q4 24
$-352.8M
$790.8M
Q3 24
$791.9M
$326.1M
Q2 24
$-1.3B
$-211.0M
Q1 24
$71.1M
$-355.8M
Free Cash Flow
CG
CG
OSK
OSK
Q4 25
$-1.2B
$540.3M
Q3 25
$-1.6B
$464.3M
Q2 25
$-186.3M
$48.6M
Q1 25
$-368.8M
$-435.2M
Q4 24
$-379.5M
$703.3M
Q3 24
$772.8M
$272.2M
Q2 24
$-1.3B
$-250.5M
Q1 24
$56.9M
$-455.9M
FCF Margin
CG
CG
OSK
OSK
Q4 25
-65.1%
20.1%
Q3 25
-475.7%
17.3%
Q2 25
-11.8%
1.8%
Q1 25
-37.9%
-18.8%
Q4 24
-36.8%
27.1%
Q3 24
29.3%
9.9%
Q2 24
-120.4%
-8.8%
Q1 24
8.3%
-17.9%
Capex Intensity
CG
CG
OSK
OSK
Q4 25
2.2%
2.2%
Q3 25
7.0%
0.9%
Q2 25
1.1%
1.5%
Q1 25
1.7%
1.7%
Q4 24
2.6%
3.4%
Q3 24
0.7%
2.0%
Q2 24
1.7%
1.4%
Q1 24
2.1%
3.9%
Cash Conversion
CG
CG
OSK
OSK
Q4 25
-3.34×
4.49×
Q3 25
-1732.78×
2.49×
Q2 25
-0.53×
0.44×
Q1 25
-2.71×
-3.52×
Q4 24
-1.67×
5.17×
Q3 24
1.33×
1.81×
Q2 24
-8.57×
-1.25×
Q1 24
1.08×
-1.98×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

CG
CG

Fund Management Fee$606.8M32%
Other$528.7M28%
Global Private Equity Segment$307.3M16%
Global Credit Segment$238.0M13%
Carlyle Alp Invest Segment$124.6M7%
Incentive Fee$55.4M3%
Fee Related Performance Revenues$29.2M2%
Investment Advice$11.1M1%

OSK
OSK

Vocational Segment$922.4M34%
Aerial Works Platforms$548.6M20%
Other Access Equipment$311.8M12%
Telehandlers$311.2M12%
Airport Products$252.7M9%
Delivery Vehicles$165.0M6%
Other Vocational$130.7M5%
Transferred Over Time$23.5M1%

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