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Side-by-side financial comparison of Carlyle Group Inc. (CG) and UPBOUND GROUP, INC. (UPBD). Click either name above to swap in a different company.
Carlyle Group Inc. is the larger business by last-quarter revenue ($1.9B vs $1.2B, roughly 1.6× UPBOUND GROUP, INC.). Carlyle Group Inc. runs the higher net margin — 18.8% vs 1.7%, a 17.2% gap on every dollar of revenue. On growth, Carlyle Group Inc. posted the faster year-over-year revenue change (84.1% vs 10.9%). UPBOUND GROUP, INC. produced more free cash flow last quarter ($24.0M vs $-1.2B). Over the past eight quarters, Carlyle Group Inc.'s revenue compounded faster (66.2% CAGR vs 4.5%).
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.
Upbound Group, Inc. is a leading US provider of flexible lease-to-own solutions for consumer goods. It offers furniture, consumer electronics, home appliances, and accessories, catering to customers seeking accessible payment alternatives to traditional retail financing.
CG vs UPBD — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $1.9B | $1.2B |
| Net Profit | $358.1M | $19.7M |
| Gross Margin | — | 49.0% |
| Operating Margin | 24.3% | 4.8% |
| Net Margin | 18.8% | 1.7% |
| Revenue YoY | 84.1% | 10.9% |
| Net Profit YoY | 69.8% | -36.3% |
| EPS (diluted) | $0.96 | $0.35 |
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 | $1.2B | ||
| Q3 25 | $332.7M | $1.2B | ||
| Q2 25 | $1.6B | $1.2B | ||
| Q1 25 | $973.1M | $1.2B | ||
| Q4 24 | $1.0B | $1.1B | ||
| Q3 24 | $2.6B | $1.1B | ||
| Q2 24 | $1.1B | $1.1B | ||
| Q1 24 | $688.4M | $1.1B |
| Q4 25 | $358.1M | $19.7M | ||
| Q3 25 | $900.0K | $13.2M | ||
| Q2 25 | $319.7M | $15.5M | ||
| Q1 25 | $130.0M | $24.8M | ||
| Q4 24 | $210.9M | $31.0M | ||
| Q3 24 | $595.7M | $30.9M | ||
| Q2 24 | $148.2M | $33.9M | ||
| Q1 24 | $65.6M | $27.7M |
| Q4 25 | — | 49.0% | ||
| Q3 25 | — | 48.3% | ||
| Q2 25 | — | 49.4% | ||
| Q1 25 | — | 46.8% | ||
| Q4 24 | — | 47.1% | ||
| Q3 24 | — | 47.8% | ||
| Q2 24 | — | 49.4% | ||
| Q1 24 | — | 48.3% |
| Q4 25 | 24.3% | 4.8% | ||
| Q3 25 | 25.8% | 4.5% | ||
| Q2 25 | 28.0% | 4.4% | ||
| Q1 25 | 17.6% | 5.3% | ||
| Q4 24 | 25.7% | 7.3% | ||
| Q3 24 | 29.9% | 6.6% | ||
| Q2 24 | 20.5% | 7.5% | ||
| Q1 24 | 17.5% | 5.6% |
| Q4 25 | 18.8% | 1.7% | ||
| Q3 25 | 0.3% | 1.1% | ||
| Q2 25 | 20.3% | 1.3% | ||
| Q1 25 | 13.4% | 2.1% | ||
| Q4 24 | 20.4% | 2.9% | ||
| Q3 24 | 22.6% | 2.9% | ||
| Q2 24 | 13.9% | 3.2% | ||
| Q1 24 | 9.5% | 2.5% |
| Q4 25 | $0.96 | $0.35 | ||
| Q3 25 | $0.00 | $0.22 | ||
| Q2 25 | $0.87 | $0.26 | ||
| Q1 25 | $0.35 | $0.42 | ||
| Q4 24 | $0.56 | $0.55 | ||
| Q3 24 | $1.63 | $0.55 | ||
| Q2 24 | $0.40 | $0.61 | ||
| Q1 24 | $0.18 | $0.50 |
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 | $120.5M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $7.1B | $695.7M |
| Total Assets | $29.1B | $3.3B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $2.0B | $120.5M | ||
| Q3 25 | $2.2B | $107.0M | ||
| Q2 25 | $1.3B | $106.8M | ||
| Q1 25 | $1.2B | $107.3M | ||
| Q4 24 | $1.3B | $60.9M | ||
| Q3 24 | $1.4B | $85.1M | ||
| Q2 24 | $914.8M | $82.5M | ||
| Q1 24 | $1.3B | $84.8M |
| Q4 25 | $7.1B | $695.7M | ||
| Q3 25 | $6.8B | $687.3M | ||
| Q2 25 | $6.7B | $685.5M | ||
| Q1 25 | $6.4B | $679.2M | ||
| Q4 24 | $6.3B | $629.0M | ||
| Q3 24 | $6.3B | $611.8M | ||
| Q2 24 | $5.7B | $596.3M | ||
| Q1 24 | $5.7B | $578.3M |
| Q4 25 | $29.1B | $3.3B | ||
| Q3 25 | $27.1B | $3.2B | ||
| Q2 25 | $25.1B | $3.1B | ||
| Q1 25 | $24.1B | $3.0B | ||
| Q4 24 | $23.1B | $2.6B | ||
| Q3 24 | $22.7B | $2.6B | ||
| Q2 24 | $22.3B | $2.6B | ||
| Q1 24 | $20.8B | $2.6B |
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 | $41.6M |
| Free Cash FlowOCF − Capex | $-1.2B | $24.0M |
| FCF MarginFCF / Revenue | -65.1% | 2.0% |
| Capex IntensityCapex / Revenue | 2.2% | 1.5% |
| Cash ConversionOCF / Net Profit | -3.34× | 2.11× |
| TTM Free Cash FlowTrailing 4 quarters | $-3.4B | $238.7M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-1.2B | $41.6M | ||
| Q3 25 | $-1.6B | $118.4M | ||
| Q2 25 | $-168.8M | $7.8M | ||
| Q1 25 | $-352.1M | $137.7M | ||
| Q4 24 | $-352.8M | $-61.9M | ||
| Q3 24 | $791.9M | $106.2M | ||
| Q2 24 | $-1.3B | $15.0M | ||
| Q1 24 | $71.1M | $45.4M |
| Q4 25 | $-1.2B | $24.0M | ||
| Q3 25 | $-1.6B | $97.9M | ||
| Q2 25 | $-186.3M | $-10.4M | ||
| Q1 25 | $-368.8M | $127.2M | ||
| Q4 24 | $-379.5M | $-74.0M | ||
| Q3 24 | $772.8M | $88.3M | ||
| Q2 24 | $-1.3B | $613.0K | ||
| Q1 24 | $56.9M | $33.6M |
| Q4 25 | -65.1% | 2.0% | ||
| Q3 25 | -475.7% | 8.4% | ||
| Q2 25 | -11.8% | -0.9% | ||
| Q1 25 | -37.9% | 10.8% | ||
| Q4 24 | -36.8% | -6.9% | ||
| Q3 24 | 29.3% | 8.3% | ||
| Q2 24 | -120.4% | 0.1% | ||
| Q1 24 | 8.3% | 3.1% |
| Q4 25 | 2.2% | 1.5% | ||
| Q3 25 | 7.0% | 1.8% | ||
| Q2 25 | 1.1% | 1.6% | ||
| Q1 25 | 1.7% | 0.9% | ||
| Q4 24 | 2.6% | 1.1% | ||
| Q3 24 | 0.7% | 1.7% | ||
| Q2 24 | 1.7% | 1.3% | ||
| Q1 24 | 2.1% | 1.1% |
| Q4 25 | -3.34× | 2.11× | ||
| Q3 25 | -1732.78× | 8.96× | ||
| Q2 25 | -0.53× | 0.50× | ||
| Q1 25 | -2.71× | 5.56× | ||
| Q4 24 | -1.67× | -2.00× | ||
| Q3 24 | 1.33× | 3.44× | ||
| Q2 24 | -8.57× | 0.44× | ||
| Q1 24 | 1.08× | 1.64× |
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% |
UPBD
Segment breakdown not available.
