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Side-by-side financial comparison of Carlyle Group Inc. (CG) and Teradyne (TER). 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 1.5× Teradyne). Teradyne runs the higher net margin — 31.1% vs 18.8%, a 12.3% gap on every dollar of revenue. On growth, Teradyne posted the faster year-over-year revenue change (87.0% vs 84.1%). Over the past eight quarters, Carlyle Group Inc.'s revenue compounded faster (66.2% CAGR vs 32.6%).
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.
Teradyne, Inc. is an American automatic test equipment (ATE) designer and manufacturer based in North Reading, Massachusetts. Its high-profile customers include Samsung, Qualcomm, Intel, Analog Devices, Texas Instruments and IBM.
CG vs TER — Head-to-Head
Income Statement — Q4 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $1.9B | $1.3B |
| Net Profit | $358.1M | $398.9M |
| Gross Margin | — | 60.9% |
| Operating Margin | 24.3% | 36.9% |
| Net Margin | 18.8% | 31.1% |
| Revenue YoY | 84.1% | 87.0% |
| Net Profit YoY | 69.8% | — |
| EPS (diluted) | $0.96 | $2.53 |
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 | — | $1.3B | ||
| Q4 25 | $1.9B | $1.1B | ||
| Q3 25 | $332.7M | $769.2M | ||
| Q2 25 | $1.6B | $651.8M | ||
| Q1 25 | $973.1M | $685.7M | ||
| Q4 24 | $1.0B | $752.9M | ||
| Q3 24 | $2.6B | $737.3M | ||
| Q2 24 | $1.1B | $729.9M |
| Q1 26 | — | $398.9M | ||
| Q4 25 | $358.1M | $257.2M | ||
| Q3 25 | $900.0K | $119.6M | ||
| Q2 25 | $319.7M | $78.4M | ||
| Q1 25 | $130.0M | $98.9M | ||
| Q4 24 | $210.9M | $146.3M | ||
| Q3 24 | $595.7M | $145.6M | ||
| Q2 24 | $148.2M | $186.3M |
| Q1 26 | — | 60.9% | ||
| Q4 25 | — | 57.2% | ||
| Q3 25 | — | 58.4% | ||
| Q2 25 | — | 57.2% | ||
| Q1 25 | — | 60.6% | ||
| Q4 24 | — | 59.4% | ||
| Q3 24 | — | 59.2% | ||
| Q2 24 | — | 58.3% |
| Q1 26 | — | 36.9% | ||
| Q4 25 | 24.3% | 27.1% | ||
| Q3 25 | 25.8% | 18.9% | ||
| Q2 25 | 28.0% | 13.9% | ||
| Q1 25 | 17.6% | 17.6% | ||
| Q4 24 | 25.7% | 20.4% | ||
| Q3 24 | 29.9% | 20.6% | ||
| Q2 24 | 20.5% | 28.8% |
| Q1 26 | — | 31.1% | ||
| Q4 25 | 18.8% | 23.7% | ||
| Q3 25 | 0.3% | 15.5% | ||
| Q2 25 | 20.3% | 12.0% | ||
| Q1 25 | 13.4% | 14.4% | ||
| Q4 24 | 20.4% | 19.4% | ||
| Q3 24 | 22.6% | 19.8% | ||
| Q2 24 | 13.9% | 25.5% |
| Q1 26 | — | $2.53 | ||
| Q4 25 | $0.96 | $1.62 | ||
| Q3 25 | $0.00 | $0.75 | ||
| Q2 25 | $0.87 | $0.49 | ||
| Q1 25 | $0.35 | $0.61 | ||
| Q4 24 | $0.56 | $0.89 | ||
| Q3 24 | $1.63 | $0.89 | ||
| Q2 24 | $0.40 | $1.14 |
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 | $241.9M |
| Total DebtLower is stronger | — | $0 |
| Stockholders' EquityBook value | $7.1B | — |
| Total Assets | $29.1B | $4.4B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $241.9M | ||
| Q4 25 | $2.0B | $293.8M | ||
| Q3 25 | $2.2B | $272.7M | ||
| Q2 25 | $1.3B | $339.3M | ||
| Q1 25 | $1.2B | $475.6M | ||
| Q4 24 | $1.3B | $553.4M | ||
| Q3 24 | $1.4B | $510.0M | ||
| Q2 24 | $914.8M | $421.9M |
| Q1 26 | — | $0 | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
| Q1 26 | — | — | ||
| Q4 25 | $7.1B | $2.8B | ||
| Q3 25 | $6.8B | $2.7B | ||
| Q2 25 | $6.7B | $2.8B | ||
| Q1 25 | $6.4B | $2.8B | ||
| Q4 24 | $6.3B | $2.8B | ||
| Q3 24 | $6.3B | $2.9B | ||
| Q2 24 | $5.7B | $2.7B |
| Q1 26 | — | $4.4B | ||
| Q4 25 | $29.1B | $4.2B | ||
| Q3 25 | $27.1B | $4.0B | ||
| Q2 25 | $25.1B | $3.8B | ||
| Q1 25 | $24.1B | $3.7B | ||
| Q4 24 | $23.1B | $3.7B | ||
| Q3 24 | $22.7B | $3.8B | ||
| Q2 24 | $22.3B | $3.6B |
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 | $265.1M |
| Free Cash FlowOCF − Capex | $-1.2B | — |
| FCF MarginFCF / Revenue | -65.1% | — |
| Capex IntensityCapex / Revenue | 2.2% | — |
| Cash ConversionOCF / Net Profit | -3.34× | 0.66× |
| TTM Free Cash FlowTrailing 4 quarters | $-3.4B | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $265.1M | ||
| Q4 25 | $-1.2B | $281.6M | ||
| Q3 25 | $-1.6B | $49.0M | ||
| Q2 25 | $-168.8M | $182.1M | ||
| Q1 25 | $-352.1M | $161.6M | ||
| Q4 24 | $-352.8M | $282.6M | ||
| Q3 24 | $791.9M | $166.3M | ||
| Q2 24 | $-1.3B | $216.1M |
| Q1 26 | — | — | ||
| Q4 25 | $-1.2B | $218.8M | ||
| Q3 25 | $-1.6B | $2.4M | ||
| Q2 25 | $-186.3M | $131.7M | ||
| Q1 25 | $-368.8M | $97.6M | ||
| Q4 24 | $-379.5M | $225.2M | ||
| Q3 24 | $772.8M | $114.4M | ||
| Q2 24 | $-1.3B | $171.2M |
| Q1 26 | — | — | ||
| Q4 25 | -65.1% | 20.2% | ||
| Q3 25 | -475.7% | 0.3% | ||
| Q2 25 | -11.8% | 20.2% | ||
| Q1 25 | -37.9% | 14.2% | ||
| Q4 24 | -36.8% | 29.9% | ||
| Q3 24 | 29.3% | 15.5% | ||
| Q2 24 | -120.4% | 23.5% |
| Q1 26 | — | — | ||
| Q4 25 | 2.2% | 5.8% | ||
| Q3 25 | 7.0% | 6.1% | ||
| Q2 25 | 1.1% | 7.7% | ||
| Q1 25 | 1.7% | 9.3% | ||
| Q4 24 | 2.6% | 7.6% | ||
| Q3 24 | 0.7% | 7.0% | ||
| Q2 24 | 1.7% | 6.1% |
| Q1 26 | — | 0.66× | ||
| Q4 25 | -3.34× | 1.09× | ||
| Q3 25 | -1732.78× | 0.41× | ||
| Q2 25 | -0.53× | 2.32× | ||
| Q1 25 | -2.71× | 1.63× | ||
| Q4 24 | -1.67× | 1.93× | ||
| Q3 24 | 1.33× | 1.14× | ||
| Q2 24 | -8.57× | 1.16× |
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% |
TER
Segment breakdown not available.
