vs
Side-by-side financial comparison of Carlyle Group Inc. (CG) and VALMONT INDUSTRIES INC (VMI). Click either name above to swap in a different company.
Carlyle Group Inc. is the larger business by last-quarter revenue ($1.9B vs $1.0B, roughly 1.8× VALMONT INDUSTRIES INC). Carlyle Group Inc. runs the higher net margin — 18.8% vs 16.2%, a 2.7% gap on every dollar of revenue. On growth, Carlyle Group Inc. posted the faster year-over-year revenue change (84.1% vs 0.1%). VALMONT INDUSTRIES INC produced more free cash flow last quarter ($70.4M vs $-1.2B). Over the past eight quarters, Carlyle Group Inc.'s revenue compounded faster (66.2% CAGR vs 3.0%).
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.
Valmont Industries, Inc. is a large, publicly held American manufacturer of Valley center pivot and linear irrigation equipment, windmill support structures, lighting and traffic poles and steel utility poles.
CG vs VMI — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $1.9B | $1.0B |
| Net Profit | $358.1M | $168.0M |
| Gross Margin | — | 29.8% |
| Operating Margin | 24.3% | 11.2% |
| Net Margin | 18.8% | 16.2% |
| Revenue YoY | 84.1% | 0.1% |
| Net Profit YoY | 69.8% | 116.3% |
| EPS (diluted) | $0.96 | $9.02 |
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 | $1.0B | ||
| Q3 25 | $332.7M | $1.0B | ||
| Q2 25 | $1.6B | $1.1B | ||
| Q1 25 | $973.1M | $969.3M | ||
| Q4 24 | $1.0B | $1.0B | ||
| Q3 24 | $2.6B | $1.0B | ||
| Q2 24 | $1.1B | $1.0B | ||
| Q1 24 | $688.4M | $977.8M |
| Q4 25 | $358.1M | $168.0M | ||
| Q3 25 | $900.0K | $99.0M | ||
| Q2 25 | $319.7M | $-4.0M | ||
| Q1 25 | $130.0M | $87.3M | ||
| Q4 24 | $210.9M | $77.7M | ||
| Q3 24 | $595.7M | $83.1M | ||
| Q2 24 | $148.2M | $99.7M | ||
| Q1 24 | $65.6M | $87.8M |
| Q4 25 | — | 29.8% | ||
| Q3 25 | — | 30.4% | ||
| Q2 25 | — | 30.6% | ||
| Q1 25 | — | 30.0% | ||
| Q4 24 | — | 30.2% | ||
| Q3 24 | — | 29.6% | ||
| Q2 24 | — | 30.8% | ||
| Q1 24 | — | 31.3% |
| Q4 25 | 24.3% | 11.2% | ||
| Q3 25 | 25.8% | 13.5% | ||
| Q2 25 | 28.0% | 2.8% | ||
| Q1 25 | 17.6% | 13.2% | ||
| Q4 24 | 25.7% | 11.6% | ||
| Q3 24 | 29.9% | 12.3% | ||
| Q2 24 | 20.5% | 14.2% | ||
| Q1 24 | 17.5% | 13.5% |
| Q4 25 | 18.8% | 16.2% | ||
| Q3 25 | 0.3% | 9.5% | ||
| Q2 25 | 20.3% | -0.4% | ||
| Q1 25 | 13.4% | 9.0% | ||
| Q4 24 | 20.4% | 7.5% | ||
| Q3 24 | 22.6% | 8.1% | ||
| Q2 24 | 13.9% | 9.6% | ||
| Q1 24 | 9.5% | 9.0% |
| Q4 25 | $0.96 | $9.02 | ||
| Q3 25 | $0.00 | $4.98 | ||
| Q2 25 | $0.87 | $-1.53 | ||
| Q1 25 | $0.35 | $4.32 | ||
| Q4 24 | $0.56 | $3.85 | ||
| Q3 24 | $1.63 | $4.11 | ||
| Q2 24 | $0.40 | $4.91 | ||
| Q1 24 | $0.18 | $4.32 |
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 | $187.1M |
| Total DebtLower is stronger | — | $795.7M |
| Stockholders' EquityBook value | $7.1B | $1.6B |
| Total Assets | $29.1B | $3.4B |
| Debt / EquityLower = less leverage | — | 0.49× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $2.0B | $187.1M | ||
| Q3 25 | $2.2B | $226.1M | ||
| Q2 25 | $1.3B | $208.5M | ||
| Q1 25 | $1.2B | $184.4M | ||
| Q4 24 | $1.3B | $164.3M | ||
| Q3 24 | $1.4B | $200.5M | ||
| Q2 24 | $914.8M | $163.1M | ||
| Q1 24 | $1.3B | $169.2M |
| Q4 25 | — | $795.7M | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | $730.6M | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| Q4 25 | $7.1B | $1.6B | ||
| Q3 25 | $6.8B | $1.6B | ||
| Q2 25 | $6.7B | $1.5B | ||
| Q1 25 | $6.4B | $1.6B | ||
| Q4 24 | $6.3B | $1.5B | ||
| Q3 24 | $6.3B | $1.5B | ||
| Q2 24 | $5.7B | $1.5B | ||
| Q1 24 | $5.7B | $1.4B |
| Q4 25 | $29.1B | $3.4B | ||
| Q3 25 | $27.1B | $3.4B | ||
| Q2 25 | $25.1B | $3.3B | ||
| Q1 25 | $24.1B | $3.4B | ||
| Q4 24 | $23.1B | $3.3B | ||
| Q3 24 | $22.7B | $3.5B | ||
| Q2 24 | $22.3B | $3.5B | ||
| Q1 24 | $20.8B | $3.5B |
| Q4 25 | — | 0.49× | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 0.47× | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
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 | $111.2M |
| Free Cash FlowOCF − Capex | $-1.2B | $70.4M |
| FCF MarginFCF / Revenue | -65.1% | 6.8% |
| Capex IntensityCapex / Revenue | 2.2% | 3.9% |
| Cash ConversionOCF / Net Profit | -3.34× | 0.66× |
| TTM Free Cash FlowTrailing 4 quarters | $-3.4B | $311.4M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-1.2B | $111.2M | ||
| Q3 25 | $-1.6B | $112.5M | ||
| Q2 25 | $-168.8M | $167.6M | ||
| Q1 25 | $-352.1M | $65.1M | ||
| Q4 24 | $-352.8M | $193.4M | ||
| Q3 24 | $791.9M | $225.1M | ||
| Q2 24 | $-1.3B | $130.8M | ||
| Q1 24 | $71.1M | $23.3M |
| Q4 25 | $-1.2B | $70.4M | ||
| Q3 25 | $-1.6B | $70.6M | ||
| Q2 25 | $-186.3M | $135.6M | ||
| Q1 25 | $-368.8M | $34.8M | ||
| Q4 24 | $-379.5M | $167.8M | ||
| Q3 24 | $772.8M | $204.6M | ||
| Q2 24 | $-1.3B | $112.5M | ||
| Q1 24 | $56.9M | $8.3M |
| Q4 25 | -65.1% | 6.8% | ||
| Q3 25 | -475.7% | 6.7% | ||
| Q2 25 | -11.8% | 12.9% | ||
| Q1 25 | -37.9% | 3.6% | ||
| Q4 24 | -36.8% | 16.2% | ||
| Q3 24 | 29.3% | 20.1% | ||
| Q2 24 | -120.4% | 10.8% | ||
| Q1 24 | 8.3% | 0.9% |
| Q4 25 | 2.2% | 3.9% | ||
| Q3 25 | 7.0% | 4.0% | ||
| Q2 25 | 1.1% | 3.0% | ||
| Q1 25 | 1.7% | 3.1% | ||
| Q4 24 | 2.6% | 2.5% | ||
| Q3 24 | 0.7% | 2.0% | ||
| Q2 24 | 1.7% | 1.8% | ||
| Q1 24 | 2.1% | 1.5% |
| Q4 25 | -3.34× | 0.66× | ||
| Q3 25 | -1732.78× | 1.14× | ||
| Q2 25 | -0.53× | — | ||
| Q1 25 | -2.71× | 0.75× | ||
| Q4 24 | -1.67× | 2.49× | ||
| Q3 24 | 1.33× | 2.71× | ||
| Q2 24 | -8.57× | 1.31× | ||
| Q1 24 | 1.08× | 0.27× |
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% |
VMI
| Utility Product Line | $424.5M | 41% |
| Lighting And Transportation | $204.6M | 20% |
| Irrigation Equipment And Parts Excluding Technology | $199.0M | 19% |
| Services | $113.6M | 11% |
| Telecommunications | $73.8M | 7% |
| Technology Products And Services | $23.7M | 2% |
