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Side-by-side financial comparison of Carlyle Group Inc. (CG) and Western Union CO (WU). Click either name above to swap in a different company.
Carlyle Group Inc. is the larger business by last-quarter revenue ($1.9B vs $982.7M, roughly 1.9× Western Union CO). Carlyle Group Inc. runs the higher net margin — 18.8% vs 6.6%, a 12.3% gap on every dollar of revenue. On growth, Carlyle Group Inc. posted the faster year-over-year revenue change (84.1% vs 0.0%). Over the past eight quarters, Carlyle Group Inc.'s revenue compounded faster (66.2% CAGR vs -1.9%).
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.
The Western Union Company is an American multinational financial services corporation headquartered in Denver, Colorado.
CG vs WU — Head-to-Head
Income Statement — Q4 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $1.9B | $982.7M |
| Net Profit | $358.1M | $64.7M |
| Gross Margin | — | — |
| Operating Margin | 24.3% | 12.5% |
| Net Margin | 18.8% | 6.6% |
| Revenue YoY | 84.1% | 0.0% |
| Net Profit YoY | 69.8% | -47.6% |
| EPS (diluted) | $0.96 | $0.41 |
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 | — | $982.7M | ||
| Q4 25 | $1.9B | $972.0M | ||
| Q3 25 | $332.7M | $985.3M | ||
| Q2 25 | $1.6B | $983.6M | ||
| Q1 25 | $973.1M | $938.7M | ||
| Q4 24 | $1.0B | $1.0B | ||
| Q3 24 | $2.6B | $993.4M | ||
| Q2 24 | $1.1B | $1.0B |
| Q1 26 | — | $64.7M | ||
| Q4 25 | $358.1M | $114.4M | ||
| Q3 25 | $900.0K | $139.6M | ||
| Q2 25 | $319.7M | $122.1M | ||
| Q1 25 | $130.0M | $123.5M | ||
| Q4 24 | $210.9M | $385.7M | ||
| Q3 24 | $595.7M | $264.8M | ||
| Q2 24 | $148.2M | $141.0M |
| Q1 26 | — | — | ||
| Q4 25 | — | 33.6% | ||
| Q3 25 | — | 34.7% | ||
| Q2 25 | — | 34.6% | ||
| Q1 25 | — | 34.0% | ||
| Q4 24 | — | 35.0% | ||
| Q3 24 | — | 34.2% | ||
| Q2 24 | — | 35.0% |
| Q1 26 | — | 12.5% | ||
| Q4 25 | 24.3% | 19.1% | ||
| Q3 25 | 25.8% | 20.5% | ||
| Q2 25 | 28.0% | 19.6% | ||
| Q1 25 | 17.6% | 18.9% | ||
| Q4 24 | 25.7% | 17.5% | ||
| Q3 24 | 29.9% | 16.6% | ||
| Q2 24 | 20.5% | 18.7% |
| Q1 26 | — | 6.6% | ||
| Q4 25 | 18.8% | 11.8% | ||
| Q3 25 | 0.3% | 14.2% | ||
| Q2 25 | 20.3% | 12.4% | ||
| Q1 25 | 13.4% | 13.2% | ||
| Q4 24 | 20.4% | 37.9% | ||
| Q3 24 | 22.6% | 26.7% | ||
| Q2 24 | 13.9% | 13.8% |
| Q1 26 | — | $0.41 | ||
| Q4 25 | $0.96 | $0.36 | ||
| Q3 25 | $0.00 | $0.43 | ||
| Q2 25 | $0.87 | $0.37 | ||
| Q1 25 | $0.35 | $0.36 | ||
| Q4 24 | $0.56 | $1.14 | ||
| Q3 24 | $1.63 | $0.78 | ||
| Q2 24 | $0.40 | $0.41 |
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 | $909.2M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $7.1B | $910.5M |
| Total Assets | $29.1B | $8.1B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $909.2M | ||
| Q4 25 | $2.0B | $1.2B | ||
| Q3 25 | $2.2B | $947.8M | ||
| Q2 25 | $1.3B | $1.0B | ||
| Q1 25 | $1.2B | $1.3B | ||
| Q4 24 | $1.3B | $1.5B | ||
| Q3 24 | $1.4B | $1.1B | ||
| Q2 24 | $914.8M | $1.0B |
| Q1 26 | — | — | ||
| Q4 25 | — | $2.9B | ||
| Q3 25 | — | $2.5B | ||
| Q2 25 | — | $2.5B | ||
| Q1 25 | — | $2.5B | ||
| Q4 24 | — | $3.0B | ||
| Q3 24 | — | $2.1B | ||
| Q2 24 | — | $2.1B |
| Q1 26 | — | $910.5M | ||
| Q4 25 | $7.1B | $957.8M | ||
| Q3 25 | $6.8B | $925.4M | ||
| Q2 25 | $6.7B | $883.6M | ||
| Q1 25 | $6.4B | $939.4M | ||
| Q4 24 | $6.3B | $968.9M | ||
| Q3 24 | $6.3B | $652.7M | ||
| Q2 24 | $5.7B | $440.8M |
| Q1 26 | — | $8.1B | ||
| Q4 25 | $29.1B | $8.3B | ||
| Q3 25 | $27.1B | $7.8B | ||
| Q2 25 | $25.1B | $8.0B | ||
| Q1 25 | $24.1B | $8.3B | ||
| Q4 24 | $23.1B | $8.4B | ||
| Q3 24 | $22.7B | $7.7B | ||
| Q2 24 | $22.3B | $8.0B |
| Q1 26 | — | — | ||
| Q4 25 | — | 3.01× | ||
| Q3 25 | — | 2.70× | ||
| Q2 25 | — | 2.83× | ||
| Q1 25 | — | 2.61× | ||
| Q4 24 | — | 3.04× | ||
| Q3 24 | — | 3.29× | ||
| Q2 24 | — | 4.88× |
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 | $109.0M |
| Free Cash FlowOCF − Capex | $-1.2B | — |
| FCF MarginFCF / Revenue | -65.1% | — |
| Capex IntensityCapex / Revenue | 2.2% | 4.8% |
| Cash ConversionOCF / Net Profit | -3.34× | 1.68× |
| TTM Free Cash FlowTrailing 4 quarters | $-3.4B | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $109.0M | ||
| Q4 25 | $-1.2B | $135.4M | ||
| Q3 25 | $-1.6B | $260.4M | ||
| Q2 25 | $-168.8M | $-300.0K | ||
| Q1 25 | $-352.1M | $148.2M | ||
| Q4 24 | $-352.8M | $134.0M | ||
| Q3 24 | $791.9M | $212.1M | ||
| Q2 24 | $-1.3B | $-33.8M |
| Q1 26 | — | — | ||
| Q4 25 | $-1.2B | $115.5M | ||
| Q3 25 | $-1.6B | $252.7M | ||
| Q2 25 | $-186.3M | $-7.8M | ||
| Q1 25 | $-368.8M | $144.8M | ||
| Q4 24 | $-379.5M | $119.7M | ||
| Q3 24 | $772.8M | $205.1M | ||
| Q2 24 | $-1.3B | $-38.9M |
| Q1 26 | — | — | ||
| Q4 25 | -65.1% | 11.9% | ||
| Q3 25 | -475.7% | 25.6% | ||
| Q2 25 | -11.8% | -0.8% | ||
| Q1 25 | -37.9% | 15.4% | ||
| Q4 24 | -36.8% | 11.8% | ||
| Q3 24 | 29.3% | 20.6% | ||
| Q2 24 | -120.4% | -3.8% |
| Q1 26 | — | 4.8% | ||
| Q4 25 | 2.2% | 2.0% | ||
| Q3 25 | 7.0% | 0.8% | ||
| Q2 25 | 1.1% | 0.8% | ||
| Q1 25 | 1.7% | 0.4% | ||
| Q4 24 | 2.6% | 1.4% | ||
| Q3 24 | 0.7% | 0.7% | ||
| Q2 24 | 1.7% | 0.5% |
| Q1 26 | — | 1.68× | ||
| Q4 25 | -3.34× | 1.18× | ||
| Q3 25 | -1732.78× | 1.87× | ||
| Q2 25 | -0.53× | -0.00× | ||
| Q1 25 | -2.71× | 1.20× | ||
| Q4 24 | -1.67× | 0.35× | ||
| Q3 24 | 1.33× | 0.80× | ||
| Q2 24 | -8.57× | -0.24× |
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% |
WU
Segment breakdown not available.
