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Side-by-side financial comparison of Carlyle Group Inc. (CG) and Tapestry, Inc. (TPR). Click either name above to swap in a different company.
Tapestry, Inc. is the larger business by last-quarter revenue ($2.5B vs $1.9B, roughly 1.3× Carlyle Group Inc.). Tapestry, Inc. runs the higher net margin — 22.4% vs 18.8%, a 3.6% gap on every dollar of revenue. On growth, Carlyle Group Inc. posted the faster year-over-year revenue change (84.1% vs 14.0%). Tapestry, Inc. produced more free cash flow last quarter ($1.0B vs $-1.2B). Over the past eight quarters, Carlyle Group Inc.'s revenue compounded faster (66.2% CAGR vs 29.9%).
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.
Tapestry, Inc. is a leading American multinational luxury fashion holding company. It owns three iconic lifestyle brands: Coach, Kate Spade New York, and Stuart Weitzman, offering premium handbags, apparel, footwear, accessories, and fragrances to global consumers via physical retail stores and e-commerce platforms.
CG vs TPR — Head-to-Head
Income Statement — Q4 FY2025 vs Q2 FY2026
| Metric | | |
|---|---|---|
| Revenue | $1.9B | $2.5B |
| Net Profit | $358.1M | $561.3M |
| Gross Margin | — | 75.5% |
| Operating Margin | 24.3% | 28.6% |
| Net Margin | 18.8% | 22.4% |
| Revenue YoY | 84.1% | 14.0% |
| Net Profit YoY | 69.8% | 80.8% |
| EPS (diluted) | $0.96 | $2.68 |
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 | $2.5B | ||
| Q3 25 | $332.7M | $1.7B | ||
| Q2 25 | $1.6B | $1.7B | ||
| Q1 25 | $973.1M | $1.6B | ||
| Q4 24 | $1.0B | $2.2B | ||
| Q3 24 | $2.6B | $1.5B | ||
| Q2 24 | $1.1B | $1.6B | ||
| Q1 24 | $688.4M | $1.5B |
| Q4 25 | $358.1M | $561.3M | ||
| Q3 25 | $900.0K | $274.8M | ||
| Q2 25 | $319.7M | $-517.1M | ||
| Q1 25 | $130.0M | $203.3M | ||
| Q4 24 | $210.9M | $310.4M | ||
| Q3 24 | $595.7M | $186.6M | ||
| Q2 24 | $148.2M | $159.3M | ||
| Q1 24 | $65.6M | $139.4M |
| Q4 25 | — | 75.5% | ||
| Q3 25 | — | 76.3% | ||
| Q2 25 | — | 76.3% | ||
| Q1 25 | — | 76.1% | ||
| Q4 24 | — | 74.4% | ||
| Q3 24 | — | 75.3% | ||
| Q2 24 | — | 74.9% | ||
| Q1 24 | — | 74.7% |
| Q4 25 | 24.3% | 28.6% | ||
| Q3 25 | 25.8% | 19.3% | ||
| Q2 25 | 28.0% | -33.9% | ||
| Q1 25 | 17.6% | 16.0% | ||
| Q4 24 | 25.7% | 22.4% | ||
| Q3 24 | 29.9% | 16.7% | ||
| Q2 24 | 20.5% | 14.8% | ||
| Q1 24 | 17.5% | 13.8% |
| Q4 25 | 18.8% | 22.4% | ||
| Q3 25 | 0.3% | 16.1% | ||
| Q2 25 | 20.3% | -30.0% | ||
| Q1 25 | 13.4% | 12.8% | ||
| Q4 24 | 20.4% | 14.1% | ||
| Q3 24 | 22.6% | 12.4% | ||
| Q2 24 | 13.9% | 10.0% | ||
| Q1 24 | 9.5% | 9.4% |
| Q4 25 | $0.96 | $2.68 | ||
| Q3 25 | $0.00 | $1.28 | ||
| Q2 25 | $0.87 | $-2.30 | ||
| Q1 25 | $0.35 | $0.95 | ||
| Q4 24 | $0.56 | $1.38 | ||
| Q3 24 | $1.63 | $0.79 | ||
| Q2 24 | $0.40 | $0.67 | ||
| Q1 24 | $0.18 | $0.60 |
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 | $1.1B |
| Total DebtLower is stronger | — | $2.4B |
| Stockholders' EquityBook value | $7.1B | $551.2M |
| Total Assets | $29.1B | $6.5B |
| Debt / EquityLower = less leverage | — | 4.32× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $2.0B | $1.1B | ||
| Q3 25 | $2.2B | $743.2M | ||
| Q2 25 | $1.3B | $1.1B | ||
| Q1 25 | $1.2B | $1.1B | ||
| Q4 24 | $1.3B | $1.0B | ||
| Q3 24 | $1.4B | $7.3B | ||
| Q2 24 | $914.8M | $7.2B | ||
| Q1 24 | $1.3B | $7.4B |
| Q4 25 | — | $2.4B | ||
| Q3 25 | — | $2.4B | ||
| Q2 25 | — | $2.4B | ||
| Q1 25 | — | $2.4B | ||
| Q4 24 | — | $2.4B | ||
| Q3 24 | — | $7.0B | ||
| Q2 24 | — | $6.9B | ||
| Q1 24 | — | $7.7B |
| Q4 25 | $7.1B | $551.2M | ||
| Q3 25 | $6.8B | $399.5M | ||
| Q2 25 | $6.7B | $857.8M | ||
| Q1 25 | $6.4B | $1.5B | ||
| Q4 24 | $6.3B | $1.3B | ||
| Q3 24 | $6.3B | $3.0B | ||
| Q2 24 | $5.7B | $2.9B | ||
| Q1 24 | $5.7B | $2.8B |
| Q4 25 | $29.1B | $6.5B | ||
| Q3 25 | $27.1B | $6.4B | ||
| Q2 25 | $25.1B | $6.6B | ||
| Q1 25 | $24.1B | $7.3B | ||
| Q4 24 | $23.1B | $7.3B | ||
| Q3 24 | $22.7B | $13.7B | ||
| Q2 24 | $22.3B | $13.4B | ||
| Q1 24 | $20.8B | $13.7B |
| Q4 25 | — | 4.32× | ||
| Q3 25 | — | 5.95× | ||
| Q2 25 | — | 2.77× | ||
| Q1 25 | — | 1.59× | ||
| Q4 24 | — | 1.78× | ||
| Q3 24 | — | 2.35× | ||
| Q2 24 | — | 2.39× | ||
| Q1 24 | — | 2.77× |
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 | $1.1B |
| Free Cash FlowOCF − Capex | $-1.2B | $1.0B |
| FCF MarginFCF / Revenue | -65.1% | 41.5% |
| Capex IntensityCapex / Revenue | 2.2% | 1.7% |
| Cash ConversionOCF / Net Profit | -3.34× | 1.93× |
| TTM Free Cash FlowTrailing 4 quarters | $-3.4B | $1.6B |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-1.2B | $1.1B | ||
| Q3 25 | $-1.6B | $112.6M | ||
| Q2 25 | $-168.8M | $446.8M | ||
| Q1 25 | $-352.1M | $144.3M | ||
| Q4 24 | $-352.8M | $506.0M | ||
| Q3 24 | $791.9M | $119.5M | ||
| Q2 24 | $-1.3B | $256.0M | ||
| Q1 24 | $71.1M | $97.8M |
| Q4 25 | $-1.2B | $1.0B | ||
| Q3 25 | $-1.6B | $80.2M | ||
| Q2 25 | $-186.3M | $411.5M | ||
| Q1 25 | $-368.8M | $113.4M | ||
| Q4 24 | $-379.5M | $475.1M | ||
| Q3 24 | $772.8M | $93.9M | ||
| Q2 24 | $-1.3B | $209.8M | ||
| Q1 24 | $56.9M | $78.8M |
| Q4 25 | -65.1% | 41.5% | ||
| Q3 25 | -475.7% | 4.7% | ||
| Q2 25 | -11.8% | 23.9% | ||
| Q1 25 | -37.9% | 7.2% | ||
| Q4 24 | -36.8% | 21.6% | ||
| Q3 24 | 29.3% | 6.2% | ||
| Q2 24 | -120.4% | 13.2% | ||
| Q1 24 | 8.3% | 5.3% |
| Q4 25 | 2.2% | 1.7% | ||
| Q3 25 | 7.0% | 1.9% | ||
| Q2 25 | 1.1% | 2.0% | ||
| Q1 25 | 1.7% | 2.0% | ||
| Q4 24 | 2.6% | 1.4% | ||
| Q3 24 | 0.7% | 1.7% | ||
| Q2 24 | 1.7% | 2.9% | ||
| Q1 24 | 2.1% | 1.3% |
| Q4 25 | -3.34× | 1.93× | ||
| Q3 25 | -1732.78× | 0.41× | ||
| Q2 25 | -0.53× | — | ||
| Q1 25 | -2.71× | 0.71× | ||
| Q4 24 | -1.67× | 1.63× | ||
| Q3 24 | 1.33× | 0.64× | ||
| Q2 24 | -8.57× | 1.61× | ||
| Q1 24 | 1.08× | 0.70× |
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% |
TPR
| Coach | $1.4B | 57% |
| Other | $787.0M | 31% |
| Kate Spade Company | $290.0M | 12% |
