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Side-by-side financial comparison of Carlyle Group Inc. (CG) and V F CORP (VFC). Click either name above to swap in a different company.
V F CORP is the larger business by last-quarter revenue ($2.9B vs $1.9B, roughly 1.5× Carlyle Group Inc.). Carlyle Group Inc. runs the higher net margin — 18.8% vs 10.5%, a 8.4% gap on every dollar of revenue. On growth, Carlyle Group Inc. posted the faster year-over-year revenue change (84.1% vs 1.5%). V F CORP produced more free cash flow last quarter ($977.9M vs $-1.2B). Over the past eight quarters, Carlyle Group Inc.'s revenue compounded faster (66.2% CAGR vs 10.1%).
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.
The F. W. Woolworth Company was a retail company and one of the pioneers of the five-and-dime store. It was among the most successful American and international five-and-dime businesses, setting trends and creating the modern retail model that stores worldwide follow today.
CG vs VFC — Head-to-Head
Income Statement — Q4 FY2025 vs Q3 FY2026
| Metric | | |
|---|---|---|
| Revenue | $1.9B | $2.9B |
| Net Profit | $358.1M | $300.8M |
| Gross Margin | — | 56.6% |
| Operating Margin | 24.3% | 10.1% |
| Net Margin | 18.8% | 10.5% |
| Revenue YoY | 84.1% | 1.5% |
| Net Profit YoY | 69.8% | 79.3% |
| EPS (diluted) | $0.96 | $0.76 |
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 | $2.9B | ||
| Q3 25 | $332.7M | $2.8B | ||
| Q2 25 | $1.6B | $1.8B | ||
| Q1 25 | $973.1M | $2.0B | ||
| Q4 24 | $1.0B | $2.8B | ||
| Q3 24 | $2.6B | $2.8B | ||
| Q2 24 | $1.1B | $1.9B | ||
| Q1 24 | $688.4M | $2.4B |
| Q4 25 | $358.1M | $300.8M | ||
| Q3 25 | $900.0K | $189.8M | ||
| Q2 25 | $319.7M | $-116.4M | ||
| Q1 25 | $130.0M | $-150.8M | ||
| Q4 24 | $210.9M | $167.8M | ||
| Q3 24 | $595.7M | $52.2M | ||
| Q2 24 | $148.2M | $-258.9M | ||
| Q1 24 | $65.6M | $-418.3M |
| Q4 25 | — | 56.6% | ||
| Q3 25 | — | 52.2% | ||
| Q2 25 | — | 53.9% | ||
| Q1 25 | — | 52.7% | ||
| Q4 24 | — | 56.3% | ||
| Q3 24 | — | 52.2% | ||
| Q2 24 | — | 52.0% | ||
| Q1 24 | — | 48.4% |
| Q4 25 | 24.3% | 10.1% | ||
| Q3 25 | 25.8% | 11.2% | ||
| Q2 25 | 28.0% | -4.9% | ||
| Q1 25 | 17.6% | 2.2% | ||
| Q4 24 | 25.7% | 8.0% | ||
| Q3 24 | 29.9% | 9.9% | ||
| Q2 24 | 20.5% | -12.6% | ||
| Q1 24 | 17.5% | -15.0% |
| Q4 25 | 18.8% | 10.5% | ||
| Q3 25 | 0.3% | 6.8% | ||
| Q2 25 | 20.3% | -6.6% | ||
| Q1 25 | 13.4% | -7.5% | ||
| Q4 24 | 20.4% | 5.9% | ||
| Q3 24 | 22.6% | 1.9% | ||
| Q2 24 | 13.9% | -13.6% | ||
| Q1 24 | 9.5% | -17.6% |
| Q4 25 | $0.96 | $0.76 | ||
| Q3 25 | $0.00 | $0.48 | ||
| Q2 25 | $0.87 | $-0.30 | ||
| Q1 25 | $0.35 | $-0.37 | ||
| Q4 24 | $0.56 | $0.43 | ||
| Q3 24 | $1.63 | $0.13 | ||
| Q2 24 | $0.40 | $-0.67 | ||
| Q1 24 | $0.18 | $-1.07 |
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 | $1.5B |
| Total DebtLower is stronger | — | $3.6B |
| Stockholders' EquityBook value | $7.1B | $1.8B |
| Total Assets | $29.1B | $10.4B |
| Debt / EquityLower = less leverage | — | 1.99× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $2.0B | $1.5B | ||
| Q3 25 | $2.2B | $419.1M | ||
| Q2 25 | $1.3B | $642.4M | ||
| Q1 25 | $1.2B | $429.4M | ||
| Q4 24 | $1.3B | $1.4B | ||
| Q3 24 | $1.4B | $492.2M | ||
| Q2 24 | $914.8M | $637.4M | ||
| Q1 24 | $1.3B | $674.6M |
| Q4 25 | — | $3.6B | ||
| Q3 25 | — | $3.5B | ||
| Q2 25 | — | $3.6B | ||
| Q1 25 | — | $3.4B | ||
| Q4 24 | — | $3.9B | ||
| Q3 24 | — | $4.0B | ||
| Q2 24 | — | $3.9B | ||
| Q1 24 | — | $4.7B |
| Q4 25 | $7.1B | $1.8B | ||
| Q3 25 | $6.8B | $1.5B | ||
| Q2 25 | $6.7B | $1.3B | ||
| Q1 25 | $6.4B | $1.5B | ||
| Q4 24 | $6.3B | $1.7B | ||
| Q3 24 | $6.3B | $1.4B | ||
| Q2 24 | $5.7B | $1.4B | ||
| Q1 24 | $5.7B | $1.7B |
| Q4 25 | $29.1B | $10.4B | ||
| Q3 25 | $27.1B | $10.6B | ||
| Q2 25 | $25.1B | $10.2B | ||
| Q1 25 | $24.1B | $9.4B | ||
| Q4 24 | $23.1B | $10.6B | ||
| Q3 24 | $22.7B | $12.2B | ||
| Q2 24 | $22.3B | $11.5B | ||
| Q1 24 | $20.8B | $11.6B |
| Q4 25 | — | 1.99× | ||
| Q3 25 | — | 2.40× | ||
| Q2 25 | — | 2.76× | ||
| Q1 25 | — | 2.30× | ||
| Q4 24 | — | 2.31× | ||
| Q3 24 | — | 2.86× | ||
| Q2 24 | — | 2.84× | ||
| Q1 24 | — | 2.84× |
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 | $1.0B |
| Free Cash FlowOCF − Capex | $-1.2B | $977.9M |
| FCF MarginFCF / Revenue | -65.1% | 34.0% |
| Capex IntensityCapex / Revenue | 2.2% | 1.1% |
| Cash ConversionOCF / Net Profit | -3.34× | 3.36× |
| TTM Free Cash FlowTrailing 4 quarters | $-3.4B | $357.6M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-1.2B | $1.0B | ||
| Q3 25 | $-1.6B | $-227.0M | ||
| Q2 25 | $-168.8M | $-145.5M | ||
| Q1 25 | $-352.1M | $-171.1M | ||
| Q4 24 | $-352.8M | $918.1M | ||
| Q3 24 | $791.9M | $-301.6M | ||
| Q2 24 | $-1.3B | $19.8M | ||
| Q1 24 | $71.1M | — |
| Q4 25 | $-1.2B | $977.9M | ||
| Q3 25 | $-1.6B | $-253.5M | ||
| Q2 25 | $-186.3M | $-173.7M | ||
| Q1 25 | $-368.8M | $-193.0M | ||
| Q4 24 | $-379.5M | $899.7M | ||
| Q3 24 | $772.8M | $-322.4M | ||
| Q2 24 | $-1.3B | $-5.4M | ||
| Q1 24 | $56.9M | — |
| Q4 25 | -65.1% | 34.0% | ||
| Q3 25 | -475.7% | -9.0% | ||
| Q2 25 | -11.8% | -9.9% | ||
| Q1 25 | -37.9% | -9.6% | ||
| Q4 24 | -36.8% | 31.7% | ||
| Q3 24 | 29.3% | -11.7% | ||
| Q2 24 | -120.4% | -0.3% | ||
| Q1 24 | 8.3% | — |
| Q4 25 | 2.2% | 1.1% | ||
| Q3 25 | 7.0% | 0.9% | ||
| Q2 25 | 1.1% | 1.6% | ||
| Q1 25 | 1.7% | 1.1% | ||
| Q4 24 | 2.6% | 0.6% | ||
| Q3 24 | 0.7% | 0.8% | ||
| Q2 24 | 1.7% | 1.3% | ||
| Q1 24 | 2.1% | — |
| Q4 25 | -3.34× | 3.36× | ||
| Q3 25 | -1732.78× | -1.20× | ||
| Q2 25 | -0.53× | — | ||
| Q1 25 | -2.71× | — | ||
| Q4 24 | -1.67× | 5.47× | ||
| Q3 24 | 1.33× | -5.78× | ||
| Q2 24 | -8.57× | — | ||
| Q1 24 | 1.08× | — |
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% |
VFC
| Outdoor | $1.9B | 67% |
| Sales Channel Through Intermediary | $813.4M | 28% |
| Other | $136.3M | 5% |
