Annual Income Statements for Carlyle Group
This table shows Carlyle Group's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.
Quarterly Income Statements for Carlyle Group
This table shows Carlyle Group's income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.
Metric |
|
Q3 2022 |
Q4 2022 |
Q1 2023 |
Q2 2023 |
Q3 2023 |
Q4 2023 |
Q1 2024 |
Q2 2024 |
Q3 2024 |
Q4 2024 |
Net Income / (Loss) Attributable to Common Shareholders |
|
281 |
127 |
101 |
-98 |
81 |
-692 |
66 |
148 |
596 |
211 |
Consolidated Net Income / (Loss) |
|
282 |
159 |
125 |
-63 |
111 |
-670 |
99 |
149 |
616 |
227 |
Net Income / (Loss) Continuing Operations |
|
282 |
159 |
125 |
-63 |
111 |
-670 |
99 |
149 |
616 |
227 |
Total Pre-Tax Income |
|
359 |
172 |
160 |
-70 |
152 |
-843 |
121 |
219 |
789 |
265 |
Total Revenue |
|
1,031 |
745 |
833 |
447 |
676 |
884 |
651 |
1,034 |
2,607 |
1,013 |
Net Interest Income / (Expense) |
|
-27 |
-28 |
-30 |
-31 |
-31 |
-32 |
-31 |
-30 |
-30 |
-30 |
Total Interest Expense |
|
27 |
28 |
30 |
31 |
31 |
32 |
31 |
30 |
30 |
30 |
Long-Term Debt Interest Expense |
|
27 |
28 |
30 |
31 |
31 |
32 |
31 |
30 |
30 |
30 |
Total Non-Interest Income |
|
1,058 |
773 |
863 |
478 |
707 |
916 |
681 |
1,065 |
2,638 |
1,042 |
Other Service Charges |
|
631 |
625 |
643 |
666 |
676 |
722 |
715 |
731 |
752 |
756 |
Other Non-Interest Income |
|
36 |
43 |
44 |
50 |
40 |
78 |
58 |
52 |
1,884 |
-1,775 |
Total Non-Interest Expense |
|
672 |
572 |
673 |
517 |
524 |
1,727 |
530 |
816 |
1,819 |
747 |
Salaries and Employee Benefits |
|
469 |
266 |
420 |
246 |
278 |
1,432 |
257 |
476 |
1,480 |
492 |
Other Operating Expenses |
|
203 |
262 |
253 |
271 |
246 |
302 |
273 |
340 |
339 |
279 |
Income Tax Expense |
|
76 |
13 |
34 |
-7.30 |
41 |
-172 |
22 |
70 |
173 |
38 |
Net Income / (Loss) Attributable to Noncontrolling Interest |
|
1.60 |
31 |
25 |
36 |
30 |
22 |
33 |
1.10 |
20 |
16 |
Basic Earnings per Share |
|
$0.77 |
$0.34 |
$0.28 |
($0.27) |
$0.23 |
($1.92) |
$0.18 |
$0.41 |
$1.67 |
$0.59 |
Weighted Average Basic Shares Outstanding |
|
362.90M |
361.28M |
362.94M |
361.26M |
360.57M |
361.40M |
360.91M |
358.32M |
357.69M |
358.58M |
Diluted Earnings per Share |
|
$0.77 |
$0.34 |
$0.28 |
($0.27) |
$0.22 |
($1.91) |
$0.18 |
$0.40 |
$1.63 |
$0.56 |
Weighted Average Diluted Shares Outstanding |
|
366.79M |
365.71M |
365.36M |
361.26M |
363.66M |
361.40M |
369.34M |
366.90M |
364.79M |
368.02M |
Weighted Average Basic & Diluted Shares Outstanding |
|
363.61M |
364.22M |
362.11M |
359.95M |
360.80M |
362.11M |
359.88M |
356.38M |
357.68M |
361.20M |
Annual Cash Flow Statements for Carlyle Group
This table details how cash moves in and out of Carlyle Group's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.
Metric |
|
2015 |
2016 |
2017 |
2018 |
2019 |
2020 |
2021 |
2022 |
2023 |
2024 |
Net Change in Cash & Equivalents |
|
-251 |
-326 |
345 |
-391 |
190 |
162 |
1,486 |
-1,114 |
81 |
-176 |
Net Cash From Operating Activities |
|
3,903 |
-301 |
-7.10 |
-344 |
359 |
-169 |
1,791 |
-379 |
205 |
-760 |
Net Cash From Continuing Operating Activities |
|
3,903 |
-301 |
-7.10 |
-344 |
359 |
-169 |
1,791 |
-379 |
205 |
-760 |
Net Income / (Loss) Continuing Operations |
|
400 |
15 |
1,007 |
329 |
1,184 |
383 |
3,045 |
1,285 |
-497 |
1,091 |
Consolidated Net Income / (Loss) |
|
400 |
15 |
1,007 |
329 |
1,184 |
383 |
3,045 |
1,285 |
-497 |
1,091 |
Depreciation Expense |
|
323 |
72 |
41 |
47 |
66 |
52 |
52 |
147 |
181 |
184 |
Non-Cash Adjustments to Reconcile Net Income |
|
1,334 |
-1,339 |
-960 |
-991 |
-810 |
-1,151 |
-2,261 |
-1,109 |
1,054 |
-1,991 |
Changes in Operating Assets and Liabilities, net |
|
1,846 |
951 |
-96 |
272 |
-82 |
547 |
955 |
-703 |
-533 |
-44 |
Net Cash From Investing Activities |
|
-22 |
-25 |
-34 |
-99 |
-28 |
-61 |
-32 |
-829 |
-44 |
-78 |
Net Cash From Continuing Investing Activities |
|
-22 |
-25 |
-34 |
-99 |
-28 |
-61 |
-23 |
-829 |
-44 |
-78 |
Purchase of Property, Leasehold Improvements and Equipment |
|
-62 |
-25 |
-34 |
-31 |
-28 |
-61 |
-41 |
-41 |
-67 |
-78 |
Purchase of Investment Securities |
|
- |
0.00 |
0.00 |
- |
- |
0.00 |
0.00 |
-838 |
-187 |
-5.00 |
Sale and/or Maturity of Investments |
|
- |
- |
- |
- |
- |
0.00 |
0.00 |
50 |
210 |
5.10 |
Net Cash From Financing Activities |
|
-4,011 |
15 |
319 |
72 |
-149 |
370 |
-243 |
115 |
-100 |
683 |
Net Cash From Continuing Financing Activities |
|
-4,011 |
15 |
319 |
72 |
-149 |
370 |
-243 |
115 |
-100 |
683 |
Issuance of Debt |
|
734 |
615 |
663 |
1,205 |
779 |
1,019 |
849 |
697 |
713 |
1,836 |
Issuance of Common Equity |
|
210 |
- |
- |
31 |
0.00 |
0.00 |
4.80 |
39 |
0.00 |
0.00 |
Repayment of Debt |
|
-65 |
-44 |
-286 |
-412 |
-127 |
-334 |
-562 |
-17 |
-17 |
-131 |
Repurchase of Common Equity |
|
0.00 |
-59 |
-0.20 |
-108 |
-35 |
-26 |
-162 |
-186 |
-204 |
-555 |
Payment of Dividends |
|
-6,367 |
-564 |
-420 |
-547 |
-486 |
-351 |
-356 |
-444 |
-498 |
-503 |
Other Financing Activities, Net |
|
1,476 |
66 |
-26 |
-97 |
125 |
63 |
-16 |
24 |
-94 |
35 |
Effect of Exchange Rate Changes |
|
-121 |
-16 |
67 |
-20 |
8.10 |
22 |
-31 |
-20 |
19 |
-21 |
Cash Interest Paid |
|
56 |
59 |
60 |
61 |
63 |
80 |
93 |
92 |
92 |
94 |
Cash Income Taxes Paid |
|
42 |
35 |
25 |
47 |
31 |
35 |
403 |
402 |
250 |
219 |
Quarterly Cash Flow Statements for Carlyle Group
This table details how cash moves in and out of Carlyle Group's business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.
Metric |
|
Q3 2022 |
Q4 2022 |
Q1 2023 |
Q2 2023 |
Q3 2023 |
Q4 2023 |
Q1 2024 |
Q2 2024 |
Q3 2024 |
Q4 2024 |
Net Change in Cash & Equivalents |
|
53 |
-1.00 |
-335 |
-151 |
397 |
170 |
-164 |
-361 |
462 |
-112 |
Net Cash From Operating Activities |
|
300 |
-121 |
-113 |
-737 |
800 |
254 |
71 |
-1,270 |
792 |
-353 |
Net Cash From Continuing Operating Activities |
|
300 |
-121 |
-113 |
-737 |
800 |
254 |
71 |
-1,270 |
792 |
-353 |
Net Income / (Loss) Continuing Operations |
|
282 |
159 |
125 |
-63 |
111 |
-670 |
99 |
149 |
616 |
227 |
Consolidated Net Income / (Loss) |
|
282 |
159 |
125 |
-63 |
111 |
-670 |
99 |
149 |
616 |
227 |
Depreciation Expense |
|
43 |
45 |
44 |
44 |
49 |
44 |
45 |
46 |
46 |
47 |
Non-Cash Adjustments to Reconcile Net Income |
|
-105 |
-116 |
-49 |
-448 |
301 |
1,251 |
-19 |
-932 |
-445 |
-595 |
Changes in Operating Assets and Liabilities, net |
|
80 |
-209 |
-233 |
-270 |
339 |
-370 |
-54 |
-532 |
575 |
-33 |
Net Cash From Investing Activities |
|
-227 |
34 |
-94 |
39 |
-29 |
41 |
-14 |
-23 |
-14 |
-27 |
Net Cash From Continuing Investing Activities |
|
-227 |
34 |
-94 |
39 |
-29 |
41 |
-14 |
-23 |
-14 |
-27 |
Purchase of Property, Leasehold Improvements and Equipment |
|
-7.60 |
-16 |
-13 |
-20 |
-17 |
-17 |
-14 |
-18 |
-19 |
-27 |
Net Cash From Financing Activities |
|
13 |
26 |
-137 |
545 |
-355 |
-152 |
-217 |
934 |
-347 |
312 |
Net Cash From Continuing Financing Activities |
|
13 |
26 |
-137 |
545 |
-355 |
-152 |
-217 |
934 |
-347 |
312 |
Issuance of Debt |
|
58 |
193 |
69 |
807 |
-89 |
-75 |
45 |
1,294 |
-108 |
605 |
Repayment of Debt |
|
0.10 |
-7.80 |
-1.10 |
-3.40 |
-2.80 |
-9.90 |
-14 |
-33 |
-37 |
-47 |
Repurchase of Common Equity |
|
-42 |
-39 |
-100 |
-61 |
-43 |
0.20 |
-150 |
-178 |
-151 |
-76 |
Payment of Dividends |
|
-118 |
-118 |
-118 |
-127 |
-126 |
-126 |
-127 |
-126 |
-126 |
-125 |
Other Financing Activities, Net |
|
113 |
-2.20 |
15 |
-72 |
-95 |
58 |
29 |
-23 |
74 |
-44 |
Effect of Exchange Rate Changes |
|
-33 |
60 |
8.30 |
2.20 |
-19 |
27 |
-4.40 |
-2.30 |
30 |
-45 |
Annual Balance Sheets for Carlyle Group
This table presents Carlyle Group's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.
Metric |
|
2015 |
2016 |
2017 |
2018 |
2019 |
2020 |
2021 |
2022 |
2023 |
2024 |
Total Assets |
|
32,182 |
9,973 |
12,281 |
12,914 |
13,809 |
15,645 |
21,250 |
21,403 |
21,176 |
23,104 |
Cash and Due from Banks |
|
2,604 |
1,432 |
1,378 |
877 |
916 |
1,136 |
2,617 |
1,570 |
1,786 |
2,096 |
Restricted Cash |
|
37 |
13 |
29 |
8.70 |
35 |
2.00 |
5.60 |
0.80 |
1.80 |
0.50 |
Trading Account Securities |
|
886 |
1,107 |
5,289 |
5,698 |
6,804 |
7,381 |
10,832 |
10,768 |
9,955 |
10,937 |
Loans and Leases, Net of Allowance |
|
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
Customer and Other Receivables |
|
961 |
257 |
314 |
577 |
348 |
362 |
518 |
681 |
833 |
1,043 |
Premises and Equipment, Net |
|
111 |
106 |
100 |
95 |
108 |
149 |
144 |
140 |
162 |
185 |
Intangible Assets |
|
136 |
42 |
36 |
77 |
62 |
49 |
35 |
898 |
766 |
634 |
Other Assets |
|
24,458 |
4,535 |
5,135 |
5,582 |
5,535 |
6,566 |
7,098 |
7,346 |
7,672 |
8,208 |
Total Liabilities & Shareholders' Equity |
|
32,182 |
9,973 |
12,281 |
12,914 |
13,809 |
15,645 |
21,250 |
21,403 |
21,176 |
23,104 |
Total Liabilities |
|
23,258 |
8,519 |
9,332 |
10,078 |
10,839 |
12,715 |
15,544 |
14,582 |
15,392 |
16,756 |
Other Short-Term Payables |
|
2,417 |
2,032 |
- |
2,665 |
2,851 |
3,509 |
5,335 |
4,690 |
5,256 |
5,836 |
Long-Term Debt |
|
18,276 |
5,211 |
5,877 |
6,391 |
6,683 |
7,534 |
7,962 |
8,177 |
8,768 |
9,008 |
Other Long-Term Liabilities |
|
2,565 |
1,277 |
3,454 |
1,023 |
1,305 |
1,672 |
2,248 |
1,715 |
1,368 |
1,912 |
Commitments & Contingencies |
|
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
Total Equity & Noncontrolling Interests |
|
6,078 |
1,454 |
2,949 |
2,836 |
2,970 |
2,930 |
5,706 |
6,821 |
5,785 |
6,348 |
Total Preferred & Common Equity |
|
517 |
308 |
629 |
978 |
619 |
2,689 |
5,279 |
6,221 |
5,191 |
5,607 |
Total Common Equity |
|
517 |
308 |
629 |
590 |
619 |
2,689 |
5,279 |
6,221 |
5,191 |
5,607 |
Common Stock |
|
486 |
403 |
702 |
673 |
704 |
2,550 |
2,721 |
3,142 |
3,407 |
3,896 |
Retained Earnings |
|
- |
- |
- |
- |
0.00 |
348 |
2,805 |
3,401 |
2,082 |
2,041 |
Accumulated Other Comprehensive Income / (Loss) |
|
-90 |
-95 |
-73 |
-83 |
-85 |
-209 |
-248 |
-322 |
-297 |
-330 |
Noncontrolling Interest |
|
5,561 |
1,146 |
2,320 |
1,859 |
2,351 |
241 |
427 |
600 |
593 |
741 |
Quarterly Balance Sheets for Carlyle Group
This table presents Carlyle Group's assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.
Metric |
|
Q3 2022 |
Q1 2023 |
Q2 2023 |
Q3 2023 |
Q1 2024 |
Q2 2024 |
Q3 2024 |
Total Assets |
|
21,092 |
21,274 |
21,381 |
20,957 |
20,850 |
22,284 |
22,658 |
Cash and Due from Banks |
|
1,539 |
1,239 |
1,407 |
1,620 |
1,703 |
1,962 |
1,865 |
Restricted Cash |
|
0.60 |
17 |
5.40 |
4.50 |
1.40 |
2.30 |
2.10 |
Trading Account Securities |
|
10,998 |
10,784 |
10,218 |
9,975 |
9,473 |
9,598 |
11,095 |
Loans and Leases, Net of Allowance |
|
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
Customer and Other Receivables |
|
595 |
600 |
723 |
820 |
828 |
944 |
976 |
Premises and Equipment, Net |
|
134 |
142 |
151 |
155 |
163 |
168 |
174 |
Intangible Assets |
|
925 |
866 |
835 |
796 |
733 |
700 |
671 |
Other Assets |
|
6,900 |
7,626 |
8,043 |
7,587 |
7,949 |
8,910 |
7,876 |
Total Liabilities & Shareholders' Equity |
|
21,092 |
21,274 |
21,381 |
20,957 |
20,850 |
22,284 |
22,658 |
Total Liabilities |
|
14,438 |
14,462 |
14,736 |
14,453 |
15,110 |
16,555 |
16,323 |
Other Short-Term Payables |
|
4,727 |
4,199 |
- |
3,958 |
4,549 |
4,699 |
5,785 |
Long-Term Debt |
|
7,752 |
8,362 |
8,774 |
8,695 |
8,794 |
10,036 |
8,742 |
Other Long-Term Liabilities |
|
1,959 |
1,902 |
5,963 |
1,800 |
1,766 |
1,819 |
1,796 |
Commitments & Contingencies |
|
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
Total Equity & Noncontrolling Interests |
|
6,655 |
6,812 |
6,645 |
6,505 |
5,740 |
5,729 |
6,335 |
Total Preferred & Common Equity |
|
6,118 |
6,175 |
5,964 |
5,920 |
5,071 |
5,030 |
5,547 |
Total Common Equity |
|
6,118 |
6,175 |
5,964 |
5,920 |
5,071 |
5,030 |
5,547 |
Common Stock |
|
3,127 |
3,199 |
3,270 |
3,341 |
3,518 |
3,646 |
3,778 |
Retained Earnings |
|
3,431 |
3,281 |
2,993 |
2,903 |
1,868 |
1,708 |
2,035 |
Accumulated Other Comprehensive Income / (Loss) |
|
-440 |
-305 |
-299 |
-324 |
-315 |
-324 |
-266 |
Noncontrolling Interest |
|
537 |
637 |
681 |
585 |
669 |
700 |
789 |
Annual Metrics And Ratios for Carlyle Group
This table displays calculated financial ratios and metrics derived from Carlyle Group's official financial filings.
Metric |
|
2015 |
2016 |
2017 |
2018 |
2019 |
2020 |
2021 |
2022 |
2023 |
2024 |
Growth Metrics |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
Revenue Growth |
|
-18.81% |
-41.24% |
61.64% |
-33.98% |
34.76% |
-10.94% |
197.56% |
-50.07% |
-34.38% |
86.78% |
EBITDA Growth |
|
-37.16% |
-85.63% |
941.46% |
-62.80% |
222.10% |
-51.39% |
545.39% |
-57.82% |
-124.41% |
475.51% |
EBIT Growth |
|
-58.17% |
-91.99% |
3,141.93% |
-65.82% |
246.05% |
-53.03% |
594.40% |
-60.93% |
-138.18% |
331.96% |
NOPAT Growth |
|
-54.90% |
-97.28% |
9,886.20% |
-70.00% |
263.92% |
-67.71% |
695.51% |
-57.79% |
-132.71% |
359.43% |
Net Income Growth |
|
-56.28% |
-96.18% |
6,484.31% |
-67.35% |
260.11% |
-67.68% |
695.51% |
-57.81% |
-138.66% |
319.67% |
EPS Growth |
|
-124.39% |
73.33% |
3,075.00% |
-65.55% |
243.90% |
-65.60% |
745.36% |
-59.15% |
-150.15% |
264.88% |
Operating Cash Flow Growth |
|
47.51% |
-107.70% |
97.64% |
-4,738.03% |
204.40% |
-147.18% |
1,158.51% |
-121.18% |
154.02% |
-470.67% |
Free Cash Flow Firm Growth |
|
100.28% |
503.90% |
-105.23% |
93.06% |
1,118.50% |
-156.42% |
63.03% |
71.68% |
157.28% |
1,018.50% |
Invested Capital Growth |
|
-9.94% |
-75.50% |
32.43% |
4.54% |
4.61% |
8.41% |
30.62% |
9.73% |
-2.98% |
5.52% |
Revenue Q/Q Growth |
|
-2.20% |
-3.05% |
22.90% |
-31.30% |
8.40% |
427.01% |
-8.46% |
-23.59% |
5.17% |
2.48% |
EBITDA Q/Q Growth |
|
6.06% |
663.24% |
136.22% |
-63.45% |
3.45% |
147.69% |
-20.63% |
-27.91% |
-170.59% |
238.74% |
EBIT Q/Q Growth |
|
19.99% |
128.70% |
155.17% |
-66.33% |
2.94% |
141.87% |
-20.18% |
-31.98% |
-245.31% |
388.74% |
NOPAT Q/Q Growth |
|
28.30% |
112.46% |
133.16% |
-66.00% |
2.96% |
138.25% |
-27.70% |
-28.04% |
-226.58% |
463.75% |
Net Income Q/Q Growth |
|
18.41% |
110.40% |
116.27% |
-65.68% |
2.85% |
125.79% |
-27.70% |
-28.09% |
-249.52% |
463.88% |
EPS Q/Q Growth |
|
-900.00% |
-700.00% |
33.71% |
-42.25% |
0.00% |
244.78% |
3.54% |
-30.06% |
-394.74% |
823.33% |
Operating Cash Flow Q/Q Growth |
|
-14.64% |
27.11% |
-104.94% |
29.01% |
-26.14% |
74.97% |
-34.36% |
69.77% |
220.53% |
-397.71% |
Free Cash Flow Firm Q/Q Growth |
|
-40.03% |
-2.07% |
23.19% |
79.93% |
-29.32% |
64.07% |
-129.69% |
-106.08% |
105.58% |
-8.77% |
Invested Capital Q/Q Growth |
|
-0.31% |
7.22% |
9.21% |
-1.97% |
1.73% |
8.09% |
2.31% |
4.11% |
-4.26% |
1.84% |
Profitability Metrics |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
EBITDA Margin |
|
18.73% |
4.58% |
29.52% |
16.63% |
39.75% |
21.70% |
47.06% |
39.76% |
-14.79% |
29.74% |
EBIT Margin |
|
10.39% |
1.42% |
28.40% |
14.70% |
37.75% |
19.91% |
46.46% |
36.35% |
-21.15% |
26.27% |
Profit (Net Income) Margin |
|
10.34% |
0.67% |
27.40% |
13.55% |
36.21% |
13.14% |
35.13% |
29.68% |
-17.49% |
20.57% |
Tax Burden Percent |
|
99.48% |
33.77% |
88.97% |
91.31% |
96.03% |
66.00% |
75.61% |
81.70% |
82.66% |
78.29% |
Interest Burden Percent |
|
100.00% |
140.68% |
108.47% |
100.95% |
99.89% |
100.00% |
100.00% |
99.94% |
100.03% |
100.02% |
Effective Tax Rate |
|
0.52% |
66.23% |
11.03% |
8.69% |
3.97% |
34.00% |
24.39% |
18.30% |
0.00% |
21.71% |
Return on Invested Capital (ROIC) |
|
1.39% |
0.06% |
14.02% |
3.61% |
12.56% |
3.81% |
25.24% |
8.97% |
-2.85% |
7.30% |
ROIC Less NNEP Spread (ROIC-NNEP) |
|
1.39% |
0.10% |
12.60% |
3.66% |
12.54% |
3.81% |
25.24% |
8.96% |
-3.75% |
7.30% |
Return on Net Nonoperating Assets (RNNOA) |
|
2.28% |
0.23% |
31.74% |
7.76% |
28.24% |
9.17% |
45.28% |
11.54% |
-5.03% |
10.69% |
Return on Equity (ROE) |
|
3.67% |
0.29% |
45.76% |
11.37% |
40.80% |
12.98% |
70.52% |
20.51% |
-7.88% |
17.99% |
Cash Return on Invested Capital (CROIC) |
|
11.85% |
121.34% |
-13.88% |
-0.83% |
8.05% |
-4.26% |
-1.31% |
-0.31% |
0.17% |
1.92% |
Operating Return on Assets (OROA) |
|
1.18% |
0.15% |
9.38% |
2.83% |
9.24% |
3.94% |
21.83% |
7.38% |
-2.82% |
6.29% |
Return on Assets (ROA) |
|
1.17% |
0.07% |
9.05% |
2.61% |
8.86% |
2.60% |
16.51% |
6.02% |
-2.33% |
4.93% |
Return on Common Equity (ROCE) |
|
0.21% |
0.02% |
9.74% |
2.40% |
8.49% |
7.28% |
65.06% |
18.83% |
-7.13% |
16.01% |
Return on Equity Simple (ROE_SIMPLE) |
|
77.45% |
4.97% |
160.13% |
33.64% |
191.46% |
14.23% |
57.69% |
20.65% |
-9.57% |
19.46% |
Net Operating Profit after Tax (NOPAT) |
|
400 |
11 |
1,086 |
326 |
1,186 |
383 |
3,045 |
1,286 |
-420 |
1,091 |
NOPAT Margin |
|
10.34% |
0.48% |
29.54% |
13.42% |
36.25% |
13.14% |
35.13% |
29.70% |
-14.81% |
20.56% |
Net Nonoperating Expense Percent (NNEP) |
|
0.00% |
-0.04% |
1.42% |
-0.05% |
0.02% |
0.00% |
0.00% |
0.01% |
0.90% |
0.00% |
SG&A Expenses to Revenue |
|
39.30% |
58.69% |
53.35% |
56.15% |
43.11% |
59.51% |
46.51% |
44.50% |
83.68% |
50.99% |
Operating Expenses to Revenue |
|
89.61% |
98.58% |
71.60% |
85.30% |
62.25% |
80.09% |
53.54% |
63.65% |
121.15% |
73.73% |
Earnings before Interest and Taxes (EBIT) |
|
402 |
32 |
1,044 |
357 |
1,235 |
580 |
4,028 |
1,574 |
-601 |
1,393 |
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA) |
|
725 |
104 |
1,085 |
404 |
1,300 |
632 |
4,080 |
1,721 |
-420 |
1,578 |
Valuation Ratios |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
Price to Book Value (P/BV) |
|
1.59 |
3.05 |
2.76 |
2.36 |
5.31 |
3.74 |
3.40 |
1.61 |
2.75 |
3.26 |
Price to Tangible Book Value (P/TBV) |
|
2.15 |
3.54 |
2.93 |
2.71 |
5.90 |
3.81 |
3.42 |
1.88 |
3.22 |
3.67 |
Price to Revenue (P/Rev) |
|
0.21 |
0.41 |
0.47 |
0.57 |
1.00 |
3.45 |
2.07 |
2.31 |
5.02 |
3.44 |
Price to Earnings (P/E) |
|
0.00 |
146.88 |
7.30 |
14.98 |
9.51 |
28.87 |
6.04 |
8.15 |
0.00 |
17.90 |
Dividend Yield |
|
33.22% |
15.12% |
6.98% |
9.60% |
4.86% |
3.51% |
1.99% |
4.46% |
3.51% |
2.79% |
Earnings Yield |
|
0.00% |
0.68% |
13.70% |
6.67% |
10.52% |
3.46% |
16.56% |
12.26% |
0.00% |
5.59% |
Enterprise Value to Invested Capital (EV/IC) |
|
0.91 |
0.88 |
0.97 |
0.99 |
1.18 |
1.59 |
1.74 |
1.15 |
1.50 |
1.69 |
Enterprise Value to Revenue (EV/Rev) |
|
6.42 |
2.57 |
2.32 |
3.77 |
3.48 |
5.73 |
2.74 |
3.97 |
7.69 |
4.89 |
Enterprise Value to EBITDA (EV/EBITDA) |
|
34.29 |
56.16 |
7.86 |
22.65 |
8.74 |
26.40 |
5.82 |
9.99 |
0.00 |
16.43 |
Enterprise Value to EBIT (EV/EBIT) |
|
61.81 |
181.72 |
8.17 |
25.62 |
9.21 |
28.77 |
5.89 |
10.93 |
0.00 |
18.60 |
Enterprise Value to NOPAT (EV/NOPAT) |
|
62.13 |
538.05 |
7.85 |
28.06 |
9.59 |
43.59 |
7.79 |
13.38 |
0.00 |
23.76 |
Enterprise Value to Operating Cash Flow (EV/OCF) |
|
6.37 |
0.00 |
0.00 |
0.00 |
31.70 |
0.00 |
13.25 |
0.00 |
106.57 |
0.00 |
Enterprise Value to Free Cash Flow (EV/FCFF) |
|
7.31 |
0.28 |
0.00 |
0.00 |
14.96 |
0.00 |
0.00 |
0.00 |
849.35 |
90.13 |
Leverage & Solvency |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
Debt to Equity |
|
2.05 |
3.58 |
1.99 |
2.25 |
2.25 |
2.57 |
1.40 |
1.20 |
1.52 |
1.42 |
Long-Term Debt to Equity |
|
2.05 |
3.58 |
1.99 |
2.25 |
2.25 |
2.57 |
1.40 |
1.20 |
1.52 |
1.42 |
Financial Leverage |
|
1.64 |
2.26 |
2.52 |
2.12 |
2.25 |
2.41 |
1.79 |
1.29 |
1.34 |
1.47 |
Leverage Ratio |
|
3.13 |
4.06 |
5.05 |
4.36 |
4.60 |
4.99 |
4.27 |
3.40 |
3.38 |
3.65 |
Compound Leverage Factor |
|
3.13 |
5.71 |
5.48 |
4.40 |
4.60 |
4.99 |
4.27 |
3.40 |
3.38 |
3.65 |
Debt to Total Capital |
|
67.19% |
78.18% |
66.59% |
69.26% |
69.24% |
72.00% |
58.25% |
54.52% |
60.25% |
58.66% |
Short-Term Debt to Total Capital |
|
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
Long-Term Debt to Total Capital |
|
67.19% |
78.18% |
66.59% |
69.26% |
69.24% |
72.00% |
58.25% |
54.52% |
60.25% |
58.66% |
Preferred Equity to Total Capital |
|
0.00% |
0.00% |
0.00% |
4.20% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
Noncontrolling Interests to Total Capital |
|
30.91% |
17.20% |
26.28% |
20.14% |
24.36% |
2.30% |
3.13% |
4.00% |
4.08% |
4.82% |
Common Equity to Total Capital |
|
1.90% |
4.62% |
7.13% |
6.40% |
6.41% |
25.70% |
38.62% |
41.48% |
35.67% |
36.51% |
Debt to EBITDA |
|
25.21 |
50.01 |
5.42 |
15.83 |
5.14 |
11.92 |
1.95 |
4.75 |
-20.87 |
5.71 |
Net Debt to EBITDA |
|
21.56 |
36.14 |
4.12 |
13.64 |
4.41 |
10.12 |
1.31 |
3.84 |
-16.61 |
4.38 |
Long-Term Debt to EBITDA |
|
25.21 |
50.01 |
5.42 |
15.83 |
5.14 |
11.92 |
1.95 |
4.75 |
-20.87 |
5.71 |
Debt to NOPAT |
|
45.68 |
479.14 |
5.41 |
19.62 |
5.64 |
19.68 |
2.61 |
6.36 |
-20.85 |
8.26 |
Net Debt to NOPAT |
|
39.08 |
346.23 |
4.12 |
16.90 |
4.84 |
16.71 |
1.75 |
5.14 |
-16.60 |
6.34 |
Long-Term Debt to NOPAT |
|
45.68 |
479.14 |
5.41 |
19.62 |
5.64 |
19.68 |
2.61 |
6.36 |
-20.85 |
8.26 |
Noncontrolling Interest Sharing Ratio |
|
94.36% |
92.05% |
78.72% |
78.93% |
79.18% |
43.93% |
7.74% |
8.20% |
9.47% |
10.99% |
Liquidity Ratios |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
Cash Flow Metrics |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
Free Cash Flow to Firm (FCFF) |
|
3,402 |
20,545 |
-1,075 |
-75 |
760 |
-429 |
-159 |
-45 |
26 |
288 |
Operating Cash Flow to CapEx |
|
6,264.53% |
-1,183.46% |
-20.88% |
-1,097.44% |
1,289.93% |
-276.47% |
4,326.09% |
-934.24% |
307.66% |
-977.48% |
Free Cash Flow to Firm to Interest Expense |
|
0.00 |
0.00 |
0.00 |
0.00 |
9.26 |
0.00 |
-1.40 |
-0.41 |
0.21 |
2.38 |
Operating Cash Flow to Interest Expense |
|
0.00 |
0.00 |
0.00 |
0.00 |
4.37 |
0.00 |
15.81 |
-3.44 |
1.66 |
-6.28 |
Operating Cash Flow Less CapEx to Interest Expense |
|
0.00 |
0.00 |
0.00 |
0.00 |
4.03 |
0.00 |
15.44 |
-3.80 |
1.12 |
-6.92 |
Efficiency Ratios |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
Asset Turnover |
|
0.11 |
0.11 |
0.33 |
0.19 |
0.24 |
0.20 |
0.47 |
0.20 |
0.13 |
0.24 |
Fixed Asset Turnover |
|
41.55 |
20.96 |
35.60 |
24.83 |
32.18 |
22.64 |
59.15 |
30.50 |
18.85 |
30.59 |
Capital & Investment Metrics |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
Invested Capital |
|
27,199 |
6,665 |
8,826 |
9,227 |
9,653 |
10,464 |
13,668 |
14,998 |
14,552 |
15,355 |
Invested Capital Turnover |
|
0.13 |
0.13 |
0.47 |
0.27 |
0.35 |
0.29 |
0.72 |
0.30 |
0.19 |
0.35 |
Increase / (Decrease) in Invested Capital |
|
-3,002 |
-20,534 |
2,162 |
400 |
426 |
812 |
3,204 |
1,330 |
-446 |
803 |
Enterprise Value (EV) |
|
24,860 |
5,852 |
8,528 |
9,143 |
11,367 |
16,688 |
23,726 |
17,196 |
21,837 |
25,917 |
Market Capitalization |
|
819 |
940 |
1,737 |
1,392 |
3,283 |
10,051 |
17,960 |
9,990 |
14,264 |
18,266 |
Book Value per Share |
|
$6.44 |
$3.64 |
$6.43 |
$5.48 |
$5.28 |
$7.61 |
$14.81 |
$17.11 |
$14.39 |
$15.68 |
Tangible Book Value per Share |
|
$4.75 |
$3.14 |
$6.07 |
$4.76 |
$4.74 |
$7.47 |
$14.71 |
$14.64 |
$12.27 |
$13.90 |
Total Capital |
|
27,199 |
6,665 |
8,826 |
9,227 |
9,653 |
10,464 |
13,668 |
14,998 |
14,552 |
15,355 |
Total Debt |
|
18,276 |
5,211 |
5,877 |
6,391 |
6,683 |
7,534 |
7,962 |
8,177 |
8,768 |
9,008 |
Total Long-Term Debt |
|
18,276 |
5,211 |
5,877 |
6,391 |
6,683 |
7,534 |
7,962 |
8,177 |
8,768 |
9,008 |
Net Debt |
|
15,634 |
3,765 |
4,471 |
5,505 |
5,733 |
6,396 |
5,339 |
6,606 |
6,979 |
6,911 |
Capital Expenditures (CapEx) |
|
62 |
25 |
34 |
31 |
28 |
61 |
41 |
41 |
67 |
78 |
Net Nonoperating Expense (NNE) |
|
0.00 |
-4.42 |
79 |
-3.10 |
1.25 |
0.00 |
0.00 |
0.82 |
76 |
-0.23 |
Net Nonoperating Obligations (NNO) |
|
18,276 |
5,211 |
5,877 |
6,391 |
6,683 |
7,534 |
7,962 |
8,177 |
8,768 |
9,008 |
Total Depreciation and Amortization (D&A) |
|
323 |
72 |
41 |
47 |
66 |
52 |
52 |
147 |
181 |
184 |
Earnings Adjustments |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
Adjusted Basic Earnings per Share |
|
($0.24) |
$0.08 |
$2.58 |
$0.89 |
$3.05 |
$0.99 |
$8.37 |
$0.00 |
($1.68) |
$2.85 |
Adjusted Weighted Average Basic Shares Outstanding |
|
74.52M |
82.71M |
92.14M |
104.20M |
113.08M |
350.46M |
355.24M |
0.00 |
361.40M |
358.58M |
Adjusted Diluted Earnings per Share |
|
($0.30) |
($0.08) |
$2.38 |
$0.82 |
$2.82 |
$0.97 |
$8.20 |
$0.00 |
($1.68) |
$2.77 |
Adjusted Weighted Average Diluted Shares Outstanding |
|
298.74M |
308.52M |
100.08M |
113.39M |
122.63M |
358.39M |
362.57M |
0.00 |
361.40M |
368.02M |
Adjusted Basic & Diluted Earnings per Share |
|
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$3.05 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
Adjusted Weighted Average Basic & Diluted Shares Outstanding |
|
81.34M |
85.65M |
100.47M |
108.95M |
348.23M |
354.19M |
356.32M |
0.00 |
362.11M |
361.20M |
Normalized Net Operating Profit after Tax (NOPAT) |
|
400 |
23 |
1,086 |
326 |
1,186 |
383 |
3,043 |
1,319 |
-425 |
1,072 |
Normalized NOPAT Margin |
|
10.34% |
0.99% |
29.54% |
13.42% |
36.25% |
13.14% |
35.11% |
30.48% |
-14.98% |
20.21% |
Pre Tax Income Margin |
|
10.39% |
1.99% |
30.80% |
14.84% |
37.71% |
19.91% |
46.46% |
36.33% |
-21.16% |
26.27% |
Debt Service Ratios |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
EBIT to Interest Expense |
|
0.00 |
0.00 |
0.00 |
0.00 |
15.04 |
0.00 |
35.55 |
14.25 |
-4.85 |
11.52 |
NOPAT to Interest Expense |
|
0.00 |
0.00 |
0.00 |
0.00 |
14.44 |
0.00 |
26.88 |
11.64 |
-3.40 |
9.02 |
EBIT Less CapEx to Interest Expense |
|
0.00 |
0.00 |
0.00 |
0.00 |
14.70 |
0.00 |
35.18 |
13.89 |
-5.39 |
10.87 |
NOPAT Less CapEx to Interest Expense |
|
0.00 |
0.00 |
0.00 |
0.00 |
14.10 |
0.00 |
26.51 |
11.28 |
-3.93 |
8.37 |
Payout Ratios |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
Dividend Payout Ratio |
|
1,591.23% |
3,683.01% |
41.66% |
166.43% |
41.03% |
91.77% |
11.68% |
34.53% |
-100.20% |
46.10% |
Augmented Payout Ratio |
|
1,591.23% |
4,067.97% |
41.68% |
199.12% |
43.94% |
98.67% |
17.00% |
48.98% |
-141.17% |
96.93% |
Quarterly Metrics And Ratios for Carlyle Group
This table displays calculated financial ratios and metrics derived from Carlyle Group's official financial filings.
Metric |
|
Q3 2022 |
Q4 2022 |
Q1 2023 |
Q2 2023 |
Q3 2023 |
Q4 2023 |
Q1 2024 |
Q2 2024 |
Q3 2024 |
Q4 2024 |
Growth Metrics |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
Revenue Growth |
|
-36.03% |
-62.09% |
-46.40% |
-55.24% |
-34.44% |
18.73% |
-21.89% |
131.36% |
285.77% |
14.51% |
EBITDA Growth |
|
-46.87% |
-75.41% |
-73.28% |
-107.61% |
-49.88% |
-467.86% |
-18.47% |
1,119.31% |
314.96% |
139.12% |
EBIT Growth |
|
-48.87% |
-81.09% |
-78.51% |
-123.36% |
-57.53% |
-588.46% |
-24.37% |
412.14% |
417.86% |
131.51% |
NOPAT Growth |
|
-48.41% |
-75.98% |
-78.93% |
-119.69% |
-60.67% |
-471.94% |
-21.15% |
404.28% |
454.25% |
138.53% |
Net Income Growth |
|
-48.41% |
-75.98% |
-78.93% |
-125.19% |
-60.69% |
-522.64% |
-21.15% |
338.12% |
454.68% |
133.91% |
EPS Growth |
|
-47.26% |
-80.90% |
-82.17% |
-140.30% |
-71.43% |
-661.76% |
-35.71% |
248.15% |
640.91% |
129.32% |
Operating Cash Flow Growth |
|
-86.31% |
87.88% |
69.73% |
-294.27% |
166.60% |
310.35% |
163.20% |
-72.40% |
-0.99% |
-238.84% |
Free Cash Flow Firm Growth |
|
75.54% |
53.93% |
72.40% |
44.12% |
10.97% |
87.74% |
202.09% |
80.89% |
208.17% |
-300.86% |
Invested Capital Growth |
|
7.85% |
9.73% |
5.92% |
6.85% |
5.50% |
-2.98% |
-4.21% |
2.25% |
-0.80% |
5.52% |
Revenue Q/Q Growth |
|
3.23% |
-27.75% |
11.83% |
-46.33% |
51.21% |
30.83% |
-26.73% |
58.96% |
152.12% |
-61.16% |
EBITDA Q/Q Growth |
|
17.99% |
-45.89% |
-5.83% |
-112.72% |
876.83% |
-497.12% |
120.77% |
59.04% |
216.25% |
-62.56% |
EBIT Q/Q Growth |
|
19.65% |
-51.90% |
-6.94% |
-143.86% |
317.57% |
-653.25% |
114.32% |
81.03% |
260.96% |
-66.34% |
NOPAT Q/Q Growth |
|
13.46% |
-43.84% |
-21.00% |
-139.11% |
326.68% |
-631.08% |
116.75% |
50.91% |
312.91% |
-63.08% |
Net Income Q/Q Growth |
|
13.46% |
-43.84% |
-21.00% |
-150.04% |
277.03% |
-703.87% |
114.74% |
51.11% |
312.39% |
-63.08% |
EPS Q/Q Growth |
|
14.93% |
-55.84% |
-17.65% |
-196.43% |
181.48% |
-968.18% |
109.42% |
122.22% |
307.50% |
-65.64% |
Operating Cash Flow Q/Q Growth |
|
260.60% |
-140.27% |
6.87% |
-554.67% |
208.59% |
-68.23% |
-72.02% |
-1,885.79% |
162.37% |
-144.55% |
Free Cash Flow Firm Q/Q Growth |
|
58.79% |
-53.06% |
38.33% |
-43.65% |
34.33% |
78.92% |
613.40% |
-126.90% |
471.63% |
-178.12% |
Invested Capital Q/Q Growth |
|
-0.16% |
4.11% |
1.17% |
1.62% |
-1.42% |
-4.26% |
-0.12% |
8.47% |
-4.36% |
1.84% |
Profitability Metrics |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
EBITDA Margin |
|
38.94% |
29.16% |
24.44% |
-5.79% |
29.77% |
-90.35% |
25.51% |
25.53% |
32.02% |
30.87% |
EBIT Margin |
|
34.79% |
23.16% |
19.16% |
-15.66% |
22.53% |
-95.28% |
18.55% |
21.13% |
30.25% |
26.22% |
Profit (Net Income) Margin |
|
27.39% |
21.29% |
15.04% |
-14.03% |
16.42% |
-75.80% |
15.19% |
14.44% |
23.61% |
22.45% |
Tax Burden Percent |
|
78.75% |
92.48% |
78.51% |
89.57% |
72.93% |
79.54% |
81.86% |
68.24% |
78.06% |
85.64% |
Interest Burden Percent |
|
100.00% |
99.42% |
100.00% |
100.00% |
99.93% |
100.01% |
100.00% |
100.14% |
100.01% |
99.96% |
Effective Tax Rate |
|
21.25% |
7.52% |
21.49% |
0.00% |
27.07% |
0.00% |
18.14% |
31.76% |
21.94% |
14.36% |
Return on Invested Capital (ROIC) |
|
11.18% |
6.43% |
3.68% |
-2.24% |
3.00% |
-12.82% |
2.72% |
3.00% |
8.07% |
7.96% |
ROIC Less NNEP Spread (ROIC-NNEP) |
|
11.18% |
6.43% |
3.68% |
-2.41% |
3.00% |
-13.77% |
2.72% |
3.00% |
8.07% |
7.96% |
Return on Net Nonoperating Assets (RNNOA) |
|
15.37% |
8.28% |
4.56% |
-3.09% |
3.75% |
-18.51% |
3.71% |
4.56% |
10.96% |
11.67% |
Return on Equity (ROE) |
|
26.55% |
14.71% |
8.24% |
-5.33% |
6.74% |
-31.33% |
6.43% |
7.56% |
19.04% |
19.63% |
Cash Return on Invested Capital (CROIC) |
|
5.32% |
-0.31% |
-0.22% |
-3.25% |
-3.11% |
0.17% |
1.29% |
-3.80% |
2.08% |
1.92% |
Operating Return on Assets (OROA) |
|
9.41% |
4.70% |
3.21% |
-2.24% |
2.89% |
-12.71% |
2.34% |
3.14% |
7.18% |
6.28% |
Return on Assets (ROA) |
|
7.41% |
4.32% |
2.52% |
-2.00% |
2.11% |
-10.11% |
1.92% |
2.15% |
5.61% |
5.38% |
Return on Common Equity (ROCE) |
|
24.71% |
13.51% |
7.57% |
-4.87% |
6.17% |
-28.37% |
5.76% |
6.72% |
17.00% |
17.47% |
Return on Equity Simple (ROE_SIMPLE) |
|
29.20% |
0.00% |
13.20% |
8.44% |
5.61% |
0.00% |
-10.32% |
-6.19% |
3.49% |
0.00% |
Net Operating Profit after Tax (NOPAT) |
|
282 |
159 |
125 |
-49 |
111 |
-590 |
99 |
149 |
616 |
227 |
NOPAT Margin |
|
27.39% |
21.29% |
15.04% |
-10.96% |
16.43% |
-66.71% |
15.19% |
14.42% |
23.61% |
22.45% |
Net Nonoperating Expense Percent (NNEP) |
|
0.00% |
0.00% |
0.00% |
0.16% |
0.00% |
0.95% |
0.00% |
0.00% |
0.00% |
0.00% |
SG&A Expenses to Revenue |
|
45.50% |
35.67% |
50.46% |
55.12% |
41.15% |
161.90% |
39.56% |
46.00% |
56.77% |
48.56% |
Operating Expenses to Revenue |
|
65.21% |
76.84% |
80.84% |
115.66% |
77.47% |
195.28% |
81.45% |
78.87% |
69.75% |
73.78% |
Earnings before Interest and Taxes (EBIT) |
|
359 |
173 |
160 |
-70 |
152 |
-843 |
121 |
219 |
789 |
266 |
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA) |
|
401 |
217 |
204 |
-26 |
201 |
-799 |
166 |
264 |
835 |
313 |
Valuation Ratios |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
Price to Book Value (P/BV) |
|
1.44 |
1.61 |
1.76 |
1.88 |
1.79 |
2.75 |
3.37 |
2.91 |
2.83 |
3.26 |
Price to Tangible Book Value (P/TBV) |
|
1.70 |
1.88 |
2.04 |
2.18 |
2.07 |
3.22 |
3.94 |
3.38 |
3.22 |
3.67 |
Price to Revenue (P/Rev) |
|
1.56 |
2.31 |
3.00 |
3.67 |
3.93 |
5.02 |
6.43 |
4.51 |
3.03 |
3.44 |
Price to Earnings (P/E) |
|
5.06 |
8.15 |
14.37 |
27.30 |
50.29 |
0.00 |
0.00 |
0.00 |
133.47 |
17.90 |
Dividend Yield |
|
4.70% |
4.46% |
4.37% |
4.31% |
4.64% |
3.51% |
2.98% |
3.49% |
3.25% |
2.79% |
Earnings Yield |
|
19.76% |
12.26% |
6.96% |
3.66% |
1.99% |
0.00% |
0.00% |
0.00% |
0.75% |
5.59% |
Enterprise Value to Invested Capital (EV/IC) |
|
1.08 |
1.15 |
1.22 |
1.25 |
1.20 |
1.50 |
1.71 |
1.48 |
1.55 |
1.69 |
Enterprise Value to Revenue (EV/Rev) |
|
2.75 |
3.97 |
5.15 |
6.30 |
6.76 |
7.69 |
9.35 |
7.21 |
4.51 |
4.89 |
Enterprise Value to EBITDA (EV/EBITDA) |
|
6.53 |
9.99 |
16.00 |
24.20 |
30.68 |
0.00 |
0.00 |
0.00 |
50.13 |
16.43 |
Enterprise Value to EBIT (EV/EBIT) |
|
6.74 |
10.93 |
18.78 |
31.05 |
44.16 |
0.00 |
0.00 |
0.00 |
81.89 |
18.60 |
Enterprise Value to NOPAT (EV/NOPAT) |
|
8.72 |
13.38 |
22.79 |
38.21 |
54.95 |
0.00 |
0.00 |
0.00 |
120.66 |
23.76 |
Enterprise Value to Operating Cash Flow (EV/OCF) |
|
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
106.57 |
63.95 |
0.00 |
0.00 |
0.00 |
Enterprise Value to Free Cash Flow (EV/FCFF) |
|
21.10 |
0.00 |
0.00 |
0.00 |
0.00 |
849.35 |
130.05 |
0.00 |
74.07 |
90.13 |
Leverage & Solvency |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
Debt to Equity |
|
1.16 |
1.20 |
1.23 |
1.32 |
1.34 |
1.52 |
1.53 |
1.75 |
1.38 |
1.42 |
Long-Term Debt to Equity |
|
1.16 |
1.20 |
1.23 |
1.32 |
1.34 |
1.52 |
1.53 |
1.75 |
1.38 |
1.42 |
Financial Leverage |
|
1.38 |
1.29 |
1.24 |
1.28 |
1.25 |
1.34 |
1.37 |
1.52 |
1.36 |
1.47 |
Leverage Ratio |
|
3.58 |
3.40 |
3.27 |
3.27 |
3.20 |
3.38 |
3.36 |
3.53 |
3.40 |
3.65 |
Compound Leverage Factor |
|
3.58 |
3.39 |
3.27 |
3.27 |
3.19 |
3.38 |
3.36 |
3.53 |
3.40 |
3.65 |
Debt to Total Capital |
|
53.81% |
54.52% |
55.11% |
56.90% |
57.20% |
60.25% |
60.51% |
63.66% |
57.98% |
58.66% |
Short-Term Debt to Total Capital |
|
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
Long-Term Debt to Total Capital |
|
53.81% |
54.52% |
55.11% |
56.90% |
57.20% |
60.25% |
60.51% |
63.66% |
57.98% |
58.66% |
Preferred Equity to Total Capital |
|
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
Noncontrolling Interests to Total Capital |
|
3.73% |
4.00% |
4.20% |
4.42% |
3.85% |
4.08% |
4.61% |
4.44% |
5.23% |
4.82% |
Common Equity to Total Capital |
|
42.46% |
41.48% |
40.70% |
38.68% |
38.95% |
35.67% |
34.89% |
31.90% |
36.79% |
36.51% |
Debt to EBITDA |
|
3.25 |
4.75 |
7.20 |
11.03 |
14.61 |
-20.87 |
-19.21 |
-59.74 |
18.77 |
5.71 |
Net Debt to EBITDA |
|
2.60 |
3.84 |
6.12 |
9.26 |
11.88 |
-16.61 |
-15.48 |
-48.05 |
14.76 |
4.38 |
Long-Term Debt to EBITDA |
|
3.25 |
4.75 |
7.20 |
11.03 |
14.61 |
-20.87 |
-19.21 |
-59.74 |
18.77 |
5.71 |
Debt to NOPAT |
|
4.34 |
6.36 |
10.26 |
17.42 |
26.17 |
-20.85 |
-19.64 |
-40.85 |
45.18 |
8.26 |
Net Debt to NOPAT |
|
3.48 |
5.14 |
8.72 |
14.62 |
21.28 |
-16.60 |
-15.83 |
-32.85 |
35.53 |
6.34 |
Long-Term Debt to NOPAT |
|
4.34 |
6.36 |
10.26 |
17.42 |
26.17 |
-20.85 |
-19.64 |
-40.85 |
45.18 |
8.26 |
Noncontrolling Interest Sharing Ratio |
|
6.94% |
8.20% |
8.21% |
8.62% |
8.53% |
9.47% |
10.41% |
11.16% |
10.70% |
10.99% |
Liquidity Ratios |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
Cash Flow Metrics |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
Free Cash Flow to Firm (FCFF) |
|
-766 |
-1,172 |
-723 |
-1,038 |
-682 |
-144 |
738 |
-198 |
737 |
-576 |
Operating Cash Flow to CapEx |
|
3,947.37% |
-774.36% |
-872.09% |
-3,757.65% |
4,677.19% |
1,494.71% |
500.70% |
-7,173.45% |
4,146.07% |
-1,321.35% |
Free Cash Flow to Firm to Interest Expense |
|
-28.04 |
-41.26 |
-24.33 |
-33.81 |
-21.71 |
-4.49 |
23.95 |
-6.53 |
24.33 |
-19.53 |
Operating Cash Flow to Interest Expense |
|
10.99 |
-4.25 |
-3.79 |
-23.99 |
25.47 |
7.94 |
2.31 |
-41.77 |
26.14 |
-11.96 |
Operating Cash Flow Less CapEx to Interest Expense |
|
10.71 |
-4.80 |
-4.22 |
-24.63 |
24.93 |
7.41 |
1.85 |
-42.35 |
25.51 |
-12.86 |
Efficiency Ratios |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
Asset Turnover |
|
0.27 |
0.20 |
0.17 |
0.14 |
0.13 |
0.13 |
0.13 |
0.15 |
0.24 |
0.24 |
Fixed Asset Turnover |
|
41.41 |
30.50 |
25.14 |
21.15 |
18.68 |
18.85 |
17.45 |
20.41 |
31.48 |
30.59 |
Capital & Investment Metrics |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
Invested Capital |
|
14,407 |
14,998 |
15,173 |
15,418 |
15,200 |
14,552 |
14,534 |
15,766 |
15,078 |
15,355 |
Invested Capital Turnover |
|
0.41 |
0.30 |
0.24 |
0.20 |
0.18 |
0.19 |
0.18 |
0.21 |
0.34 |
0.35 |
Increase / (Decrease) in Invested Capital |
|
1,048 |
1,330 |
848 |
989 |
793 |
-446 |
-639 |
348 |
-122 |
803 |
Enterprise Value (EV) |
|
15,581 |
17,196 |
18,579 |
19,243 |
18,256 |
21,837 |
24,845 |
23,395 |
23,347 |
25,917 |
Market Capitalization |
|
8,832 |
9,990 |
10,837 |
11,201 |
10,601 |
14,264 |
17,086 |
14,623 |
15,683 |
18,266 |
Book Value per Share |
|
$16.93 |
$17.11 |
$17.01 |
$16.47 |
$16.45 |
$14.39 |
$14.05 |
$13.98 |
$15.56 |
$15.68 |
Tangible Book Value per Share |
|
$14.37 |
$14.64 |
$14.63 |
$14.16 |
$14.24 |
$12.27 |
$12.02 |
$12.03 |
$13.68 |
$13.90 |
Total Capital |
|
14,407 |
14,998 |
15,173 |
15,418 |
15,200 |
14,552 |
14,534 |
15,766 |
15,078 |
15,355 |
Total Debt |
|
7,752 |
8,177 |
8,362 |
8,774 |
8,695 |
8,768 |
8,794 |
10,036 |
8,742 |
9,008 |
Total Long-Term Debt |
|
7,752 |
8,177 |
8,362 |
8,774 |
8,695 |
8,768 |
8,794 |
10,036 |
8,742 |
9,008 |
Net Debt |
|
6,212 |
6,606 |
7,106 |
7,362 |
7,070 |
6,979 |
7,090 |
8,072 |
6,875 |
6,911 |
Capital Expenditures (CapEx) |
|
7.60 |
16 |
13 |
20 |
17 |
17 |
14 |
18 |
19 |
27 |
Net Nonoperating Expense (NNE) |
|
0.00 |
0.00 |
0.00 |
14 |
0.07 |
80 |
0.00 |
-0.20 |
-0.08 |
0.00 |
Net Nonoperating Obligations (NNO) |
|
7,752 |
8,177 |
8,362 |
8,774 |
8,695 |
8,768 |
8,794 |
10,036 |
8,742 |
9,008 |
Total Depreciation and Amortization (D&A) |
|
43 |
45 |
44 |
44 |
49 |
44 |
45 |
46 |
46 |
47 |
Earnings Adjustments |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
Adjusted Basic Earnings per Share |
|
$0.77 |
$0.34 |
$0.28 |
($0.27) |
$0.23 |
($1.92) |
$0.18 |
$0.41 |
$1.67 |
$0.59 |
Adjusted Weighted Average Basic Shares Outstanding |
|
362.90M |
361.28M |
362.94M |
361.26M |
360.57M |
361.40M |
360.91M |
358.32M |
357.69M |
358.58M |
Adjusted Diluted Earnings per Share |
|
$0.77 |
$0.34 |
$0.28 |
($0.27) |
$0.22 |
($1.91) |
$0.18 |
$0.40 |
$1.63 |
$0.56 |
Adjusted Weighted Average Diluted Shares Outstanding |
|
366.79M |
365.71M |
365.36M |
361.26M |
363.66M |
361.40M |
369.34M |
366.90M |
364.79M |
368.02M |
Adjusted Basic & Diluted Earnings per Share |
|
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
Adjusted Weighted Average Basic & Diluted Shares Outstanding |
|
363.61M |
364.22M |
362.11M |
359.95M |
360.80M |
362.11M |
359.88M |
356.38M |
357.68M |
361.20M |
Normalized Net Operating Profit after Tax (NOPAT) |
|
282 |
159 |
125 |
-49 |
111 |
-590 |
99 |
149 |
616 |
227 |
Normalized NOPAT Margin |
|
27.39% |
21.29% |
15.04% |
-10.96% |
16.43% |
-66.71% |
15.19% |
14.42% |
23.61% |
22.45% |
Pre Tax Income Margin |
|
34.79% |
23.03% |
19.16% |
-15.66% |
22.52% |
-95.30% |
18.55% |
21.16% |
30.25% |
26.21% |
Debt Service Ratios |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
EBIT to Interest Expense |
|
13.14 |
6.07 |
5.37 |
-2.28 |
4.85 |
-26.33 |
3.92 |
7.19 |
26.03 |
9.00 |
NOPAT to Interest Expense |
|
10.34 |
5.58 |
4.22 |
-1.60 |
3.54 |
-18.43 |
3.21 |
4.90 |
20.32 |
7.71 |
EBIT Less CapEx to Interest Expense |
|
12.86 |
5.52 |
4.94 |
-2.92 |
4.31 |
-26.86 |
3.46 |
6.61 |
25.40 |
8.09 |
NOPAT Less CapEx to Interest Expense |
|
10.07 |
5.04 |
3.78 |
-2.23 |
2.99 |
-18.97 |
2.75 |
4.32 |
19.69 |
6.80 |
Payout Ratios |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
Dividend Payout Ratio |
|
8.27% |
34.53% |
57.96% |
95.63% |
147.38% |
-100.20% |
-96.71% |
-162.24% |
260.52% |
46.10% |
Augmented Payout Ratio |
|
16.09% |
48.98% |
83.17% |
143.51% |
220.35% |
-141.17% |
-145.11% |
-281.46% |
507.86% |
96.93% |
Key Financial Trends
The Carlyle Group (NASDAQ: CG) has experienced notable fluctuations in its financial performance and position over the last four years, with distinct quarterly trends. Here is an analysis highlighting key points from the most recent quarterly financial reports and historical data:
- Net income recovered strongly in 2024 after a challenging Q4 2023, reaching $227.3 million in Q4 2024 compared to a net loss of $670.3 million in Q4 2023, indicating improved profitability.
- Total revenue in Q4 2024 was $1.01 billion, up from $884.3 million in Q4 2023, showing growth in top-line income.
- Total non-interest income remained robust, reaching $1.04 billion in Q4 2024, driven by strong other service charges despite some negative other non-interest income components.
- Operating expenses decreased significantly in Q4 2024 to $747.1 million from $1.72 billion in Q4 2023, helping to restore operating leverage.
- The company maintained positive basic and diluted earnings per share (EPS) in 2024 quarters, with Q4 2024 EPS at $0.59 (basic) and $0.56 (diluted), compared to negative EPS in Q4 2023.
- Long-term debt interest expense remained relatively stable around $29 million per quarter in 2024, indicating consistent financing costs despite fluctuations in total debt levels.
- Cash and equivalents increased steadily from $1.24 billion in Q1 2023 to $1.87 billion in Q3 2024, reflecting healthier liquidity.
- Total assets grew moderately from $21.27 billion in Q1 2023 to $22.66 billion in Q3 2024, with trading account securities comprising a substantial portion (around $11 billion+), highlighting the firm's asset base stability.
- The company actively manages capital return through common equity repurchases and dividends, with ongoing repurchases and dividends paid each quarter, supporting shareholder value but also implying cash outflows.
- Significant volatility in net cash from continuing operating activities was observed, from positive $792 million in Q3 2024 to negative $353 million in Q4 2024, indicating fluctuating operational cash flows which could impact liquidity management.
Summary: Carlyle Group's financials show strong recovery in earnings and revenue in 2024 after steep losses and high expenses in late 2023. Cost controls and stable interest expense allow better profitability. However, volatility in operating cash flow and continued equity repurchases require monitoring. The company's substantial asset base, liquidity reserves, and steady dividend payments maintain a solid foundation for ongoing operations and shareholder returns.
08/03/25 07:30 AMAI Generated. May Contain Errors.