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Side-by-side financial comparison of Carlyle Group Inc. (CG) and OPEN TEXT CORP (OTEX). Click either name above to swap in a different company.
Carlyle Group Inc. is the larger business by last-quarter revenue ($1.9B vs $1.3B, roughly 1.4× OPEN TEXT CORP). Carlyle Group Inc. runs the higher net margin — 18.8% vs 12.7%, a 6.2% gap on every dollar of revenue. On growth, Carlyle Group Inc. posted the faster year-over-year revenue change (84.1% vs -0.6%). OPEN TEXT CORP produced more free cash flow last quarter ($279.4M vs $-1.2B). Over the past eight quarters, Carlyle Group Inc.'s revenue compounded faster (66.2% CAGR vs -4.3%).
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.
Open Text Corporation is a global software company that develops and sells information management software.
CG vs OTEX — Head-to-Head
Income Statement — Q4 FY2025 vs Q2 FY2026
| Metric | | |
|---|---|---|
| Revenue | $1.9B | $1.3B |
| Net Profit | $358.1M | $168.1M |
| Gross Margin | — | 74.0% |
| Operating Margin | 24.3% | 22.0% |
| Net Margin | 18.8% | 12.7% |
| Revenue YoY | 84.1% | -0.6% |
| Net Profit YoY | 69.8% | -26.9% |
| EPS (diluted) | $0.96 | $0.66 |
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 | $1.3B | ||
| Q3 25 | $332.7M | $1.3B | ||
| Q2 25 | $1.6B | $1.3B | ||
| Q1 25 | $973.1M | $1.3B | ||
| Q4 24 | $1.0B | $1.3B | ||
| Q3 24 | $2.6B | $1.3B | ||
| Q2 24 | $1.1B | $1.4B | ||
| Q1 24 | $688.4M | $1.4B |
| Q4 25 | $358.1M | $168.1M | ||
| Q3 25 | $900.0K | $146.6M | ||
| Q2 25 | $319.7M | $28.8M | ||
| Q1 25 | $130.0M | $92.8M | ||
| Q4 24 | $210.9M | $229.9M | ||
| Q3 24 | $595.7M | $84.4M | ||
| Q2 24 | $148.2M | $248.2M | ||
| Q1 24 | $65.6M | $98.3M |
| Q4 25 | — | 74.0% | ||
| Q3 25 | — | 72.8% | ||
| Q2 25 | — | 72.3% | ||
| Q1 25 | — | 71.6% | ||
| Q4 24 | — | 73.3% | ||
| Q3 24 | — | 71.7% | ||
| Q2 24 | — | 72.5% | ||
| Q1 24 | — | 73.0% |
| Q4 25 | 24.3% | 22.0% | ||
| Q3 25 | 25.8% | 21.0% | ||
| Q2 25 | 28.0% | 13.9% | ||
| Q1 25 | 17.6% | 16.7% | ||
| Q4 24 | 25.7% | 22.2% | ||
| Q3 24 | 29.9% | 16.3% | ||
| Q2 24 | 20.5% | 14.2% | ||
| Q1 24 | 17.5% | 15.7% |
| Q4 25 | 18.8% | 12.7% | ||
| Q3 25 | 0.3% | 11.4% | ||
| Q2 25 | 20.3% | 2.2% | ||
| Q1 25 | 13.4% | 7.4% | ||
| Q4 24 | 20.4% | 17.2% | ||
| Q3 24 | 22.6% | 6.6% | ||
| Q2 24 | 13.9% | 18.2% | ||
| Q1 24 | 9.5% | 6.8% |
| Q4 25 | $0.96 | $0.66 | ||
| Q3 25 | $0.00 | $0.58 | ||
| Q2 25 | $0.87 | $0.11 | ||
| Q1 25 | $0.35 | $0.35 | ||
| Q4 24 | $0.56 | $0.87 | ||
| Q3 24 | $1.63 | $0.32 | ||
| Q2 24 | $0.40 | $0.91 | ||
| Q1 24 | $0.18 | $0.36 |
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 | $1.3B |
| Total DebtLower is stronger | — | $6.4B |
| Stockholders' EquityBook value | $7.1B | $4.0B |
| Total Assets | $29.1B | $13.6B |
| Debt / EquityLower = less leverage | — | 1.58× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $2.0B | $1.3B | ||
| Q3 25 | $2.2B | $1.1B | ||
| Q2 25 | $1.3B | $1.2B | ||
| Q1 25 | $1.2B | $1.3B | ||
| Q4 24 | $1.3B | $1.1B | ||
| Q3 24 | $1.4B | $1.0B | ||
| Q2 24 | $914.8M | $1.3B | ||
| Q1 24 | $1.3B | $1.1B |
| Q4 25 | — | $6.4B | ||
| Q3 25 | — | $6.4B | ||
| Q2 25 | — | $6.4B | ||
| Q1 25 | — | $6.4B | ||
| Q4 24 | — | $6.4B | ||
| Q3 24 | — | $6.4B | ||
| Q2 24 | — | $6.4B | ||
| Q1 24 | — | $8.4B |
| Q4 25 | $7.1B | $4.0B | ||
| Q3 25 | $6.8B | $4.0B | ||
| Q2 25 | $6.7B | $3.9B | ||
| Q1 25 | $6.4B | $4.1B | ||
| Q4 24 | $6.3B | $4.2B | ||
| Q3 24 | $6.3B | $4.1B | ||
| Q2 24 | $5.7B | $4.2B | ||
| Q1 24 | $5.7B | $4.1B |
| Q4 25 | $29.1B | $13.6B | ||
| Q3 25 | $27.1B | $13.5B | ||
| Q2 25 | $25.1B | $13.8B | ||
| Q1 25 | $24.1B | $13.8B | ||
| Q4 24 | $23.1B | $13.7B | ||
| Q3 24 | $22.7B | $13.8B | ||
| Q2 24 | $22.3B | $14.2B | ||
| Q1 24 | $20.8B | $16.4B |
| Q4 25 | — | 1.58× | ||
| Q3 25 | — | 1.61× | ||
| Q2 25 | — | 1.62× | ||
| Q1 25 | — | 1.55× | ||
| Q4 24 | — | 1.51× | ||
| Q3 24 | — | 1.55× | ||
| Q2 24 | — | 1.52× | ||
| Q1 24 | — | 2.02× |
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 | $318.7M |
| Free Cash FlowOCF − Capex | $-1.2B | $279.4M |
| FCF MarginFCF / Revenue | -65.1% | 21.1% |
| Capex IntensityCapex / Revenue | 2.2% | 3.0% |
| Cash ConversionOCF / Net Profit | -3.34× | 1.90× |
| TTM Free Cash FlowTrailing 4 quarters | $-3.4B | $878.5M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-1.2B | $318.7M | ||
| Q3 25 | $-1.6B | $147.8M | ||
| Q2 25 | $-168.8M | $158.2M | ||
| Q1 25 | $-352.1M | $402.2M | ||
| Q4 24 | $-352.8M | $348.0M | ||
| Q3 24 | $791.9M | $-77.8M | ||
| Q2 24 | $-1.3B | $185.2M | ||
| Q1 24 | $71.1M | $384.7M |
| Q4 25 | $-1.2B | $279.4M | ||
| Q3 25 | $-1.6B | $101.2M | ||
| Q2 25 | $-186.3M | $124.0M | ||
| Q1 25 | $-368.8M | $373.8M | ||
| Q4 24 | $-379.5M | $306.7M | ||
| Q3 24 | $772.8M | $-117.1M | ||
| Q2 24 | $-1.3B | $145.2M | ||
| Q1 24 | $56.9M | $348.2M |
| Q4 25 | -65.1% | 21.1% | ||
| Q3 25 | -475.7% | 7.9% | ||
| Q2 25 | -11.8% | 9.5% | ||
| Q1 25 | -37.9% | 29.8% | ||
| Q4 24 | -36.8% | 23.0% | ||
| Q3 24 | 29.3% | -9.2% | ||
| Q2 24 | -120.4% | 10.7% | ||
| Q1 24 | 8.3% | 24.1% |
| Q4 25 | 2.2% | 3.0% | ||
| Q3 25 | 7.0% | 3.6% | ||
| Q2 25 | 1.1% | 2.6% | ||
| Q1 25 | 1.7% | 2.3% | ||
| Q4 24 | 2.6% | 3.1% | ||
| Q3 24 | 0.7% | 3.1% | ||
| Q2 24 | 1.7% | 2.9% | ||
| Q1 24 | 2.1% | 2.5% |
| Q4 25 | -3.34× | 1.90× | ||
| Q3 25 | -1732.78× | 1.01× | ||
| Q2 25 | -0.53× | 5.49× | ||
| Q1 25 | -2.71× | 4.33× | ||
| Q4 24 | -1.67× | 1.51× | ||
| Q3 24 | 1.33× | -0.92× | ||
| Q2 24 | -8.57× | 0.75× | ||
| Q1 24 | 1.08× | 3.91× |
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% |
OTEX
| Transferred At Point In Time | $184.2M | 14% |
| Cybersecurity Enterprise Product | $174.5M | 13% |
| Business Network Product | $159.8M | 12% |
| Business Network Cloud Services And Subscriptions | $151.4M | 11% |
| Content Cloud Services And Subscriptions | $137.9M | 10% |
| Cybersecurity SMB Consumer Product | $127.6M | 10% |
| Application Delivery Management Product | $120.1M | 9% |
| IT Operations Management Product | $113.3M | 9% |
| Professional Service And Other | $82.5M | 6% |
| Analytics Product | $58.1M | 4% |
| IT Operations Management Cloud Services And Subscriptions | $7.8M | 1% |
