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Side-by-side financial comparison of Carlyle Group Inc. (CG) and SS&C Technologies Holdings Inc (SSNC). 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× SS&C Technologies Holdings Inc). Carlyle Group Inc. runs the higher net margin — 18.8% vs 13.7%, a 5.1% gap on every dollar of revenue. On growth, Carlyle Group Inc. posted the faster year-over-year revenue change (84.1% vs 8.8%). Over the past eight quarters, Carlyle Group Inc.'s revenue compounded faster (66.2% CAGR vs 6.5%).
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.
SS&C Technologies Holdings, Inc. is an American multinational holding company headquartered in Windsor, Connecticut, that sells software and software as a service to the financial services industry. The company has offices in the Americas, Europe, Asia, Africa and Australia.
CG vs SSNC — Head-to-Head
Income Statement — Q4 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $1.9B | $1.6B |
| Net Profit | $358.1M | $226.1M |
| Gross Margin | — | 48.7% |
| Operating Margin | 24.3% | 24.2% |
| Net Margin | 18.8% | 13.7% |
| Revenue YoY | 84.1% | 8.8% |
| Net Profit YoY | 69.8% | 6.2% |
| EPS (diluted) | $0.96 | $0.91 |
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.
| Q1 26 | — | $1.6B | ||
| Q4 25 | $1.9B | $1.7B | ||
| Q3 25 | $332.7M | $1.6B | ||
| Q2 25 | $1.6B | $1.5B | ||
| Q1 25 | $973.1M | $1.5B | ||
| Q4 24 | $1.0B | $1.5B | ||
| Q3 24 | $2.6B | $1.5B | ||
| Q2 24 | $1.1B | $1.5B |
| Q1 26 | — | $226.1M | ||
| Q4 25 | $358.1M | $193.1M | ||
| Q3 25 | $900.0K | $210.0M | ||
| Q2 25 | $319.7M | $180.8M | ||
| Q1 25 | $130.0M | $213.0M | ||
| Q4 24 | $210.9M | $248.2M | ||
| Q3 24 | $595.7M | $164.4M | ||
| Q2 24 | $148.2M | $190.3M |
| Q1 26 | — | 48.7% | ||
| Q4 25 | — | 47.8% | ||
| Q3 25 | — | 47.7% | ||
| Q2 25 | — | 48.0% | ||
| Q1 25 | — | 49.3% | ||
| Q4 24 | — | 49.3% | ||
| Q3 24 | — | 48.0% | ||
| Q2 24 | — | 48.1% |
| Q1 26 | — | 24.2% | ||
| Q4 25 | 24.3% | 22.3% | ||
| Q3 25 | 25.8% | 23.3% | ||
| Q2 25 | 28.0% | 22.4% | ||
| Q1 25 | 17.6% | 23.6% | ||
| Q4 24 | 25.7% | 23.4% | ||
| Q3 24 | 29.9% | 22.2% | ||
| Q2 24 | 20.5% | 22.6% |
| Q1 26 | — | 13.7% | ||
| Q4 25 | 18.8% | 11.7% | ||
| Q3 25 | 0.3% | 13.4% | ||
| Q2 25 | 20.3% | 11.8% | ||
| Q1 25 | 13.4% | 14.1% | ||
| Q4 24 | 20.4% | 16.2% | ||
| Q3 24 | 22.6% | 11.2% | ||
| Q2 24 | 13.9% | 13.1% |
| Q1 26 | — | $0.91 | ||
| Q4 25 | $0.96 | $0.76 | ||
| Q3 25 | $0.00 | $0.83 | ||
| Q2 25 | $0.87 | $0.72 | ||
| Q1 25 | $0.35 | $0.84 | ||
| Q4 24 | $0.56 | $0.98 | ||
| Q3 24 | $1.63 | $0.65 | ||
| Q2 24 | $0.40 | $0.75 |
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 | $420.9M |
| Total DebtLower is stronger | — | $7.4B |
| Stockholders' EquityBook value | $7.1B | $6.9B |
| Total Assets | $29.1B | $20.3B |
| Debt / EquityLower = less leverage | — | 1.08× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $420.9M | ||
| Q4 25 | $2.0B | $462.1M | ||
| Q3 25 | $2.2B | $388.3M | ||
| Q2 25 | $1.3B | $480.3M | ||
| Q1 25 | $1.2B | $515.0M | ||
| Q4 24 | $1.3B | $567.1M | ||
| Q3 24 | $1.4B | $694.7M | ||
| Q2 24 | $914.8M | $462.7M |
| Q1 26 | — | $7.4B | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
| Q1 26 | — | $6.9B | ||
| Q4 25 | $7.1B | $6.9B | ||
| Q3 25 | $6.8B | $6.9B | ||
| Q2 25 | $6.7B | $6.9B | ||
| Q1 25 | $6.4B | $6.8B | ||
| Q4 24 | $6.3B | $6.5B | ||
| Q3 24 | $6.3B | $6.8B | ||
| Q2 24 | $5.7B | $6.4B |
| Q1 26 | — | $20.3B | ||
| Q4 25 | $29.1B | $20.7B | ||
| Q3 25 | $27.1B | $19.5B | ||
| Q2 25 | $25.1B | $19.0B | ||
| Q1 25 | $24.1B | $20.4B | ||
| Q4 24 | $23.1B | $19.0B | ||
| Q3 24 | $22.7B | $18.4B | ||
| Q2 24 | $22.3B | $16.9B |
| Q1 26 | — | 1.08× | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
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 | $299.7M |
| Free Cash FlowOCF − Capex | $-1.2B | — |
| FCF MarginFCF / Revenue | -65.1% | — |
| Capex IntensityCapex / Revenue | 2.2% | 0.0% |
| Cash ConversionOCF / Net Profit | -3.34× | 1.33× |
| TTM Free Cash FlowTrailing 4 quarters | $-3.4B | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $299.7M | ||
| Q4 25 | $-1.2B | $643.5M | ||
| Q3 25 | $-1.6B | $456.2M | ||
| Q2 25 | $-168.8M | $372.9M | ||
| Q1 25 | $-352.1M | $272.2M | ||
| Q4 24 | $-352.8M | $486.6M | ||
| Q3 24 | $791.9M | $336.6M | ||
| Q2 24 | $-1.3B | $384.9M |
| Q1 26 | — | — | ||
| Q4 25 | $-1.2B | $633.0M | ||
| Q3 25 | $-1.6B | $421.5M | ||
| Q2 25 | $-186.3M | $350.0M | ||
| Q1 25 | $-368.8M | $259.5M | ||
| Q4 24 | $-379.5M | $466.9M | ||
| Q3 24 | $772.8M | $310.7M | ||
| Q2 24 | $-1.3B | $374.9M |
| Q1 26 | — | — | ||
| Q4 25 | -65.1% | 38.3% | ||
| Q3 25 | -475.7% | 26.9% | ||
| Q2 25 | -11.8% | 22.8% | ||
| Q1 25 | -37.9% | 17.1% | ||
| Q4 24 | -36.8% | 30.5% | ||
| Q3 24 | 29.3% | 21.2% | ||
| Q2 24 | -120.4% | 25.8% |
| Q1 26 | — | 0.0% | ||
| Q4 25 | 2.2% | 0.6% | ||
| Q3 25 | 7.0% | 2.2% | ||
| Q2 25 | 1.1% | 1.5% | ||
| Q1 25 | 1.7% | 0.8% | ||
| Q4 24 | 2.6% | 1.3% | ||
| Q3 24 | 0.7% | 1.8% | ||
| Q2 24 | 1.7% | 0.7% |
| Q1 26 | — | 1.33× | ||
| Q4 25 | -3.34× | 3.33× | ||
| Q3 25 | -1732.78× | 2.17× | ||
| Q2 25 | -0.53× | 2.06× | ||
| Q1 25 | -2.71× | 1.28× | ||
| Q4 24 | -1.67× | 1.96× | ||
| Q3 24 | 1.33× | 2.05× | ||
| Q2 24 | -8.57× | 2.02× |
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% |
SSNC
| Technology-enabled services | $1.4B | 85% |
| License, maintenance and related | $239.8M | 15% |
