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Side-by-side financial comparison of Carlyle Group Inc. (CG) and Molson Coors Beverage Company (TAP). Click either name above to swap in a different company.
Molson Coors Beverage Company is the larger business by last-quarter revenue ($3.1B vs $1.9B, roughly 1.6× Carlyle Group Inc.). Carlyle Group Inc. runs the higher net margin — 18.8% vs 7.6%, a 11.2% gap on every dollar of revenue. On growth, Carlyle Group Inc. posted the faster year-over-year revenue change (84.1% vs -3.6%). Molson Coors Beverage Company produced more free cash flow last quarter ($357.8M vs $-1.2B). Over the past eight quarters, Carlyle Group Inc.'s revenue compounded faster (66.2% CAGR vs 1.2%).
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.
Molson Coors Beverage Company is a Canadian-American multinational drink and brewing company headquartered in Chicago, Illinois and Montreal, Quebec.
CG vs TAP — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $1.9B | $3.1B |
| Net Profit | $358.1M | $238.3M |
| Gross Margin | — | 31.0% |
| Operating Margin | 24.3% | 10.4% |
| Net Margin | 18.8% | 7.6% |
| Revenue YoY | 84.1% | -3.6% |
| Net Profit YoY | 69.8% | -17.2% |
| EPS (diluted) | $0.96 | $1.32 |
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 | $3.1B | ||
| Q3 25 | $332.7M | $3.5B | ||
| Q2 25 | $1.6B | $3.7B | ||
| Q1 25 | $973.1M | $2.7B | ||
| Q4 24 | $1.0B | $3.2B | ||
| Q3 24 | $2.6B | $3.6B | ||
| Q2 24 | $1.1B | $3.8B | ||
| Q1 24 | $688.4M | $3.0B |
| Q4 25 | $358.1M | $238.3M | ||
| Q3 25 | $900.0K | $-2.9B | ||
| Q2 25 | $319.7M | $428.7M | ||
| Q1 25 | $130.0M | $121.0M | ||
| Q4 24 | $210.9M | $287.8M | ||
| Q3 24 | $595.7M | $199.8M | ||
| Q2 24 | $148.2M | $427.0M | ||
| Q1 24 | $65.6M | $207.8M |
| Q4 25 | — | 31.0% | ||
| Q3 25 | — | 33.7% | ||
| Q2 25 | — | 34.3% | ||
| Q1 25 | — | 31.6% | ||
| Q4 24 | — | 32.0% | ||
| Q3 24 | — | 33.4% | ||
| Q2 24 | — | 34.6% | ||
| Q1 24 | — | 31.6% |
| Q4 25 | 24.3% | 10.4% | ||
| Q3 25 | 25.8% | -98.5% | ||
| Q2 25 | 28.0% | 15.6% | ||
| Q1 25 | 17.6% | 6.9% | ||
| Q4 24 | 25.7% | 12.0% | ||
| Q3 24 | 29.9% | 12.5% | ||
| Q2 24 | 20.5% | 15.6% | ||
| Q1 24 | 17.5% | 10.3% |
| Q4 25 | 18.8% | 7.6% | ||
| Q3 25 | 0.3% | -84.0% | ||
| Q2 25 | 20.3% | 11.5% | ||
| Q1 25 | 13.4% | 4.5% | ||
| Q4 24 | 20.4% | 8.9% | ||
| Q3 24 | 22.6% | 5.5% | ||
| Q2 24 | 13.9% | 11.1% | ||
| Q1 24 | 9.5% | 6.8% |
| Q4 25 | $0.96 | $1.32 | ||
| Q3 25 | $0.00 | $-14.79 | ||
| Q2 25 | $0.87 | $2.13 | ||
| Q1 25 | $0.35 | $0.59 | ||
| Q4 24 | $0.56 | $1.39 | ||
| Q3 24 | $1.63 | $0.96 | ||
| Q2 24 | $0.40 | $2.03 | ||
| Q1 24 | $0.18 | $0.97 |
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 | $896.5M |
| Total DebtLower is stronger | — | $6.3B |
| Stockholders' EquityBook value | $7.1B | $10.2B |
| Total Assets | $29.1B | $22.7B |
| Debt / EquityLower = less leverage | — | 0.61× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $2.0B | $896.5M | ||
| Q3 25 | $2.2B | $950.2M | ||
| Q2 25 | $1.3B | $613.8M | ||
| Q1 25 | $1.2B | $412.7M | ||
| Q4 24 | $1.3B | $969.3M | ||
| Q3 24 | $1.4B | $1.0B | ||
| Q2 24 | $914.8M | $1.6B | ||
| Q1 24 | $1.3B | $458.4M |
| Q4 25 | — | $6.3B | ||
| Q3 25 | — | $6.3B | ||
| Q2 25 | — | $6.3B | ||
| Q1 25 | — | $6.2B | ||
| Q4 24 | — | $6.1B | ||
| Q3 24 | — | $6.2B | ||
| Q2 24 | — | $7.0B | ||
| Q1 24 | — | $6.2B |
| Q4 25 | $7.1B | $10.2B | ||
| Q3 25 | $6.8B | $10.3B | ||
| Q2 25 | $6.7B | $13.4B | ||
| Q1 25 | $6.4B | $13.1B | ||
| Q4 24 | $6.3B | $13.1B | ||
| Q3 24 | $6.3B | $13.3B | ||
| Q2 24 | $5.7B | $13.2B | ||
| Q1 24 | $5.7B | $13.1B |
| Q4 25 | $29.1B | $22.7B | ||
| Q3 25 | $27.1B | $22.9B | ||
| Q2 25 | $25.1B | $26.8B | ||
| Q1 25 | $24.1B | $25.9B | ||
| Q4 24 | $23.1B | $26.1B | ||
| Q3 24 | $22.7B | $26.6B | ||
| Q2 24 | $22.3B | $27.4B | ||
| Q1 24 | $20.8B | $26.1B |
| Q4 25 | — | 0.61× | ||
| Q3 25 | — | 0.61× | ||
| Q2 25 | — | 0.47× | ||
| Q1 25 | — | 0.47× | ||
| Q4 24 | — | 0.47× | ||
| Q3 24 | — | 0.47× | ||
| Q2 24 | — | 0.53× | ||
| Q1 24 | — | 0.47× |
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 | $540.7M |
| Free Cash FlowOCF − Capex | $-1.2B | $357.8M |
| FCF MarginFCF / Revenue | -65.1% | 11.4% |
| Capex IntensityCapex / Revenue | 2.2% | 5.9% |
| Cash ConversionOCF / Net Profit | -3.34× | 2.27× |
| TTM Free Cash FlowTrailing 4 quarters | $-3.4B | $1.1B |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-1.2B | $540.7M | ||
| Q3 25 | $-1.6B | $616.1M | ||
| Q2 25 | $-168.8M | $718.3M | ||
| Q1 25 | $-352.1M | $-90.7M | ||
| Q4 24 | $-352.8M | $494.5M | ||
| Q3 24 | $791.9M | $521.2M | ||
| Q2 24 | $-1.3B | $869.2M | ||
| Q1 24 | $71.1M | $25.4M |
| Q4 25 | $-1.2B | $357.8M | ||
| Q3 25 | $-1.6B | $483.0M | ||
| Q2 25 | $-186.3M | $555.0M | ||
| Q1 25 | $-368.8M | $-328.0M | ||
| Q4 24 | $-379.5M | $383.4M | ||
| Q3 24 | $772.8M | $350.4M | ||
| Q2 24 | $-1.3B | $691.7M | ||
| Q1 24 | $56.9M | $-189.3M |
| Q4 25 | -65.1% | 11.4% | ||
| Q3 25 | -475.7% | 13.9% | ||
| Q2 25 | -11.8% | 14.8% | ||
| Q1 25 | -37.9% | -12.2% | ||
| Q4 24 | -36.8% | 11.8% | ||
| Q3 24 | 29.3% | 9.7% | ||
| Q2 24 | -120.4% | 18.0% | ||
| Q1 24 | 8.3% | -6.2% |
| Q4 25 | 2.2% | 5.9% | ||
| Q3 25 | 7.0% | 3.8% | ||
| Q2 25 | 1.1% | 4.4% | ||
| Q1 25 | 1.7% | 8.8% | ||
| Q4 24 | 2.6% | 3.4% | ||
| Q3 24 | 0.7% | 4.7% | ||
| Q2 24 | 1.7% | 4.6% | ||
| Q1 24 | 2.1% | 7.0% |
| Q4 25 | -3.34× | 2.27× | ||
| Q3 25 | -1732.78× | — | ||
| Q2 25 | -0.53× | 1.68× | ||
| Q1 25 | -2.71× | -0.75× | ||
| Q4 24 | -1.67× | 1.72× | ||
| Q3 24 | 1.33× | 2.61× | ||
| Q2 24 | -8.57× | 2.04× | ||
| Q1 24 | 1.08× | 0.12× |
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% |
TAP
Segment breakdown not available.
