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Side-by-side financial comparison of Carlyle Group Inc. (CG) and RESIDEO TECHNOLOGIES, INC. (REZI). 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× RESIDEO TECHNOLOGIES, INC.). Carlyle Group Inc. runs the higher net margin — 18.8% vs 7.2%, a 11.7% gap on every dollar of revenue. On growth, Carlyle Group Inc. posted the faster year-over-year revenue change (84.1% vs 2.0%). RESIDEO TECHNOLOGIES, INC. produced more free cash flow last quarter ($262.0M vs $-1.2B). Over the past eight quarters, Carlyle Group Inc.'s revenue compounded faster (66.2% CAGR vs 12.9%).
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.
Resideo Technologies, Inc. is an American multinational company that was formed in 2018 out of a spin-off from Honeywell. It provides room air temperature, quality, and humidity control and security systems primarily in residential dwellings in the U.S. and internationally. The company operates in two segments: products and distribution. It manufactures and distributes smart-home and software products, including temperature and lighting control, security, and water and air monitoring. The com...
CG vs REZI — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $1.9B | $1.9B |
| Net Profit | $358.1M | $136.0M |
| Gross Margin | — | 29.6% |
| Operating Margin | 24.3% | 7.4% |
| Net Margin | 18.8% | 7.2% |
| Revenue YoY | 84.1% | 2.0% |
| Net Profit YoY | 69.8% | 491.3% |
| EPS (diluted) | $0.96 | $0.99 |
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 | $1.9B | ||
| Q2 25 | $1.6B | $1.9B | ||
| Q1 25 | $973.1M | $1.8B | ||
| Q4 24 | $1.0B | $1.9B | ||
| Q3 24 | $2.6B | $1.8B | ||
| Q2 24 | $1.1B | $1.6B | ||
| Q1 24 | $688.4M | $1.5B |
| Q4 25 | $358.1M | $136.0M | ||
| Q3 25 | $900.0K | $156.0M | ||
| Q2 25 | $319.7M | $-825.0M | ||
| Q1 25 | $130.0M | $6.0M | ||
| Q4 24 | $210.9M | $23.0M | ||
| Q3 24 | $595.7M | $20.0M | ||
| Q2 24 | $148.2M | $30.0M | ||
| Q1 24 | $65.6M | $43.0M |
| Q4 25 | — | 29.6% | ||
| Q3 25 | — | 29.8% | ||
| Q2 25 | — | 29.3% | ||
| Q1 25 | — | 28.9% | ||
| Q4 24 | — | 28.5% | ||
| Q3 24 | — | 28.7% | ||
| Q2 24 | — | 28.1% | ||
| Q1 24 | — | 26.9% |
| Q4 25 | 24.3% | 7.4% | ||
| Q3 25 | 25.8% | 8.3% | ||
| Q2 25 | 28.0% | 9.1% | ||
| Q1 25 | 17.6% | 7.7% | ||
| Q4 24 | 25.7% | 7.8% | ||
| Q3 24 | 29.9% | 6.9% | ||
| Q2 24 | 20.5% | 7.7% | ||
| Q1 24 | 17.5% | 8.6% |
| Q4 25 | 18.8% | 7.2% | ||
| Q3 25 | 0.3% | 8.4% | ||
| Q2 25 | 20.3% | -42.5% | ||
| Q1 25 | 13.4% | 0.3% | ||
| Q4 24 | 20.4% | 1.2% | ||
| Q3 24 | 22.6% | 1.1% | ||
| Q2 24 | 13.9% | 1.9% | ||
| Q1 24 | 9.5% | 2.9% |
| Q4 25 | $0.96 | $0.99 | ||
| Q3 25 | $0.00 | $0.85 | ||
| Q2 25 | $0.87 | $-5.59 | ||
| Q1 25 | $0.35 | $-0.02 | ||
| Q4 24 | $0.56 | $0.06 | ||
| Q3 24 | $1.63 | $0.07 | ||
| Q2 24 | $0.40 | $0.19 | ||
| Q1 24 | $0.18 | $0.29 |
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 | $661.0M |
| Total DebtLower is stronger | — | $3.2B |
| Stockholders' EquityBook value | $7.1B | $2.9B |
| Total Assets | $29.1B | $8.4B |
| Debt / EquityLower = less leverage | — | 1.11× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $2.0B | $661.0M | ||
| Q3 25 | $2.2B | $345.0M | ||
| Q2 25 | $1.3B | $753.0M | ||
| Q1 25 | $1.2B | $577.0M | ||
| Q4 24 | $1.3B | $692.0M | ||
| Q3 24 | $1.4B | $531.0M | ||
| Q2 24 | $914.8M | $413.0M | ||
| Q1 24 | $1.3B | $603.0M |
| Q4 25 | — | $3.2B | ||
| Q3 25 | — | $3.2B | ||
| Q2 25 | — | $2.0B | ||
| Q1 25 | — | $2.0B | ||
| Q4 24 | — | $2.0B | ||
| Q3 24 | — | $2.0B | ||
| Q2 24 | — | $2.0B | ||
| Q1 24 | — | $1.4B |
| Q4 25 | $7.1B | $2.9B | ||
| Q3 25 | $6.8B | $2.8B | ||
| Q2 25 | $6.7B | $2.6B | ||
| Q1 25 | $6.4B | $3.3B | ||
| Q4 24 | $6.3B | $3.3B | ||
| Q3 24 | $6.3B | $3.4B | ||
| Q2 24 | $5.7B | $3.3B | ||
| Q1 24 | $5.7B | $2.8B |
| Q4 25 | $29.1B | $8.4B | ||
| Q3 25 | $27.1B | $8.2B | ||
| Q2 25 | $25.1B | $8.5B | ||
| Q1 25 | $24.1B | $8.1B | ||
| Q4 24 | $23.1B | $8.2B | ||
| Q3 24 | $22.7B | $8.1B | ||
| Q2 24 | $22.3B | $8.0B | ||
| Q1 24 | $20.8B | $6.5B |
| Q4 25 | — | 1.11× | ||
| Q3 25 | — | 1.17× | ||
| Q2 25 | — | 0.77× | ||
| Q1 25 | — | 0.60× | ||
| Q4 24 | — | 0.61× | ||
| Q3 24 | — | 0.60× | ||
| Q2 24 | — | 0.61× | ||
| Q1 24 | — | 0.51× |
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 | $299.0M |
| Free Cash FlowOCF − Capex | $-1.2B | $262.0M |
| FCF MarginFCF / Revenue | -65.1% | 13.8% |
| Capex IntensityCapex / Revenue | 2.2% | 2.0% |
| Cash ConversionOCF / Net Profit | -3.34× | 2.20× |
| TTM Free Cash FlowTrailing 4 quarters | $-3.4B | $-1.3B |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-1.2B | $299.0M | ||
| Q3 25 | $-1.6B | $-1.6B | ||
| Q2 25 | $-168.8M | $200.0M | ||
| Q1 25 | $-352.1M | $-65.0M | ||
| Q4 24 | $-352.8M | $203.0M | ||
| Q3 24 | $791.9M | $147.0M | ||
| Q2 24 | $-1.3B | $92.0M | ||
| Q1 24 | $71.1M | $2.0M |
| Q4 25 | $-1.2B | $262.0M | ||
| Q3 25 | $-1.6B | $-1.6B | ||
| Q2 25 | $-186.3M | $180.0M | ||
| Q1 25 | $-368.8M | $-96.0M | ||
| Q4 24 | $-379.5M | $181.0M | ||
| Q3 24 | $772.8M | $125.0M | ||
| Q2 24 | $-1.3B | $77.0M | ||
| Q1 24 | $56.9M | $-19.0M |
| Q4 25 | -65.1% | 13.8% | ||
| Q3 25 | -475.7% | -85.8% | ||
| Q2 25 | -11.8% | 9.3% | ||
| Q1 25 | -37.9% | -5.4% | ||
| Q4 24 | -36.8% | 9.7% | ||
| Q3 24 | 29.3% | 6.8% | ||
| Q2 24 | -120.4% | 4.8% | ||
| Q1 24 | 8.3% | -1.3% |
| Q4 25 | 2.2% | 2.0% | ||
| Q3 25 | 7.0% | 1.5% | ||
| Q2 25 | 1.1% | 1.0% | ||
| Q1 25 | 1.7% | 1.8% | ||
| Q4 24 | 2.6% | 1.2% | ||
| Q3 24 | 0.7% | 1.2% | ||
| Q2 24 | 1.7% | 0.9% | ||
| Q1 24 | 2.1% | 1.4% |
| Q4 25 | -3.34× | 2.20× | ||
| Q3 25 | -1732.78× | -10.07× | ||
| Q2 25 | -0.53× | — | ||
| Q1 25 | -2.71× | -10.83× | ||
| Q4 24 | -1.67× | 8.83× | ||
| Q3 24 | 1.33× | 7.35× | ||
| Q2 24 | -8.57× | 3.07× | ||
| Q1 24 | 1.08× | 0.05× |
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% |
REZI
| ADI Global Distribution Segment | $1.2B | 62% |
| Safety And Security | $257.0M | 14% |
| Air | $211.0M | 11% |
| Energy Service | $153.0M | 8% |
| Public Utilities Inventory Water | $91.0M | 5% |
