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Side-by-side financial comparison of Carlyle Group Inc. (CG) and RXO, Inc. (RXO). Click either name above to swap in a different company.
Carlyle Group Inc. is the larger business by last-quarter revenue ($1.9B vs $1.5B, roughly 1.3× RXO, Inc.). Carlyle Group Inc. runs the higher net margin — 18.8% vs -3.1%, a 22.0% gap on every dollar of revenue. On growth, Carlyle Group Inc. posted the faster year-over-year revenue change (84.1% vs -11.9%). RXO, Inc. produced more free cash flow last quarter ($-9.0M vs $-1.2B). Over the past eight quarters, Carlyle Group Inc.'s revenue compounded faster (66.2% CAGR vs 26.8%).
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.
RXO, Inc. is a leading transportation and logistics solutions provider headquartered in the United States. Its core service portfolio includes freight brokerage, last-mile delivery for heavy and bulky goods, managed transportation services, and end-to-end supply chain optimization support, primarily catering to clients across the North American manufacturing, retail, and e-commerce segments.
CG vs RXO — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $1.9B | $1.5B |
| Net Profit | $358.1M | $-46.0M |
| Gross Margin | — | — |
| Operating Margin | 24.3% | -2.9% |
| Net Margin | 18.8% | -3.1% |
| Revenue YoY | 84.1% | -11.9% |
| Net Profit YoY | 69.8% | -84.0% |
| EPS (diluted) | $0.96 | $-0.28 |
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 | $1.5B | ||
| Q3 25 | $332.7M | $1.4B | ||
| Q2 25 | $1.6B | $1.4B | ||
| Q1 25 | $973.1M | $1.4B | ||
| Q4 24 | $1.0B | $1.7B | ||
| Q3 24 | $2.6B | $1.0B | ||
| Q2 24 | $1.1B | $930.0M | ||
| Q1 24 | $688.4M | $913.0M |
| Q4 25 | $358.1M | $-46.0M | ||
| Q3 25 | $900.0K | $-14.0M | ||
| Q2 25 | $319.7M | $-9.0M | ||
| Q1 25 | $130.0M | $-31.0M | ||
| Q4 24 | $210.9M | $-25.0M | ||
| Q3 24 | $595.7M | $-243.0M | ||
| Q2 24 | $148.2M | $-7.0M | ||
| Q1 24 | $65.6M | $-15.0M |
| Q4 25 | 24.3% | -2.9% | ||
| Q3 25 | 25.8% | -0.5% | ||
| Q2 25 | 28.0% | — | ||
| Q1 25 | 17.6% | -2.1% | ||
| Q4 24 | 25.7% | -1.4% | ||
| Q3 24 | 29.9% | -1.9% | ||
| Q2 24 | 20.5% | — | ||
| Q1 24 | 17.5% | -1.3% |
| Q4 25 | 18.8% | -3.1% | ||
| Q3 25 | 0.3% | -1.0% | ||
| Q2 25 | 20.3% | -0.6% | ||
| Q1 25 | 13.4% | -2.2% | ||
| Q4 24 | 20.4% | -1.5% | ||
| Q3 24 | 22.6% | -23.4% | ||
| Q2 24 | 13.9% | -0.8% | ||
| Q1 24 | 9.5% | -1.6% |
| Q4 25 | $0.96 | $-0.28 | ||
| Q3 25 | $0.00 | $-0.08 | ||
| Q2 25 | $0.87 | $-0.05 | ||
| Q1 25 | $0.35 | $-0.18 | ||
| Q4 24 | $0.56 | $-0.17 | ||
| Q3 24 | $1.63 | $-1.81 | ||
| Q2 24 | $0.40 | $-0.06 | ||
| Q1 24 | $0.18 | $-0.13 |
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 | $17.0M |
| Total DebtLower is stronger | — | $387.0M |
| Stockholders' EquityBook value | $7.1B | $1.5B |
| Total Assets | $29.1B | $3.3B |
| Debt / EquityLower = less leverage | — | 0.25× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $2.0B | $17.0M | ||
| Q3 25 | $2.2B | $25.0M | ||
| Q2 25 | $1.3B | $18.0M | ||
| Q1 25 | $1.2B | $16.0M | ||
| Q4 24 | $1.3B | $35.0M | ||
| Q3 24 | $1.4B | $55.0M | ||
| Q2 24 | $914.8M | $7.0M | ||
| Q1 24 | $1.3B | $7.0M |
| Q4 25 | — | $387.0M | ||
| Q3 25 | — | $387.0M | ||
| Q2 25 | — | $387.0M | ||
| Q1 25 | — | $387.0M | ||
| Q4 24 | — | $351.0M | ||
| Q3 24 | — | $352.0M | ||
| Q2 24 | — | $370.0M | ||
| Q1 24 | — | $351.0M |
| Q4 25 | $7.1B | $1.5B | ||
| Q3 25 | $6.8B | $1.6B | ||
| Q2 25 | $6.7B | $1.6B | ||
| Q1 25 | $6.4B | $1.6B | ||
| Q4 24 | $6.3B | $1.6B | ||
| Q3 24 | $6.3B | $1.7B | ||
| Q2 24 | $5.7B | $579.0M | ||
| Q1 24 | $5.7B | $582.0M |
| Q4 25 | $29.1B | $3.3B | ||
| Q3 25 | $27.1B | $3.2B | ||
| Q2 25 | $25.1B | $3.2B | ||
| Q1 25 | $24.1B | $3.3B | ||
| Q4 24 | $23.1B | $3.4B | ||
| Q3 24 | $22.7B | $3.4B | ||
| Q2 24 | $22.3B | $1.8B | ||
| Q1 24 | $20.8B | $1.8B |
| Q4 25 | — | 0.25× | ||
| Q3 25 | — | 0.24× | ||
| Q2 25 | — | 0.24× | ||
| Q1 25 | — | 0.24× | ||
| Q4 24 | — | 0.22× | ||
| Q3 24 | — | 0.21× | ||
| Q2 24 | — | 0.64× | ||
| Q1 24 | — | 0.60× |
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 | $7.0M |
| Free Cash FlowOCF − Capex | $-1.2B | $-9.0M |
| FCF MarginFCF / Revenue | -65.1% | -0.6% |
| Capex IntensityCapex / Revenue | 2.2% | 1.1% |
| Cash ConversionOCF / Net Profit | -3.34× | — |
| TTM Free Cash FlowTrailing 4 quarters | $-3.4B | $-8.0M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-1.2B | $7.0M | ||
| Q3 25 | $-1.6B | $23.0M | ||
| Q2 25 | $-168.8M | $23.0M | ||
| Q1 25 | $-352.1M | $-2.0M | ||
| Q4 24 | $-352.8M | $-7.0M | ||
| Q3 24 | $791.9M | $-7.0M | ||
| Q2 24 | $-1.3B | $-5.0M | ||
| Q1 24 | $71.1M | $7.0M |
| Q4 25 | $-1.2B | $-9.0M | ||
| Q3 25 | $-1.6B | $9.0M | ||
| Q2 25 | $-186.3M | $9.0M | ||
| Q1 25 | $-368.8M | $-17.0M | ||
| Q4 24 | $-379.5M | $-19.0M | ||
| Q3 24 | $772.8M | $-18.0M | ||
| Q2 24 | $-1.3B | $-16.0M | ||
| Q1 24 | $56.9M | $-4.0M |
| Q4 25 | -65.1% | -0.6% | ||
| Q3 25 | -475.7% | 0.6% | ||
| Q2 25 | -11.8% | 0.6% | ||
| Q1 25 | -37.9% | -1.2% | ||
| Q4 24 | -36.8% | -1.1% | ||
| Q3 24 | 29.3% | -1.7% | ||
| Q2 24 | -120.4% | -1.7% | ||
| Q1 24 | 8.3% | -0.4% |
| Q4 25 | 2.2% | 1.1% | ||
| Q3 25 | 7.0% | 1.0% | ||
| Q2 25 | 1.1% | 1.0% | ||
| Q1 25 | 1.7% | 1.0% | ||
| Q4 24 | 2.6% | 0.7% | ||
| Q3 24 | 0.7% | 1.1% | ||
| Q2 24 | 1.7% | 1.2% | ||
| Q1 24 | 2.1% | 1.2% |
| Q4 25 | -3.34× | — | ||
| Q3 25 | -1732.78× | — | ||
| Q2 25 | -0.53× | — | ||
| Q1 25 | -2.71× | — | ||
| Q4 24 | -1.67× | — | ||
| Q3 24 | 1.33× | — | ||
| Q2 24 | -8.57× | — | ||
| 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% |
RXO
| Retail Sector | $546.0M | 37% |
| Last Mile | $298.0M | 20% |
| Food And Beverage Sector | $225.0M | 15% |
| Other Sector | $185.0M | 13% |
| Managed Transportation | $133.0M | 9% |
| Automotive Sector | $93.0M | 6% |
