Carlyle Group vs TPG
Carlyle Group and TPG are similar in size: $4.78bn and $4.67bn of revenue in their latest fiscal years. TPG grew faster (33.4% against -11.9%). Carlyle Group kept more of each dollar of sales as profit: a net margin of 16.9% against 4.0%. Carlyle Group carries less debt relative to equity (0.0% against 41.6%).
| Latest fiscal year | Carlyle GroupCG, 2025 | TPGTPG, 2025 |
|---|---|---|
| Revenue | $4.78bn | $4.67bn |
| Revenue growth | -11.9% | 33.4% |
| Net income | $809m | $185m |
| Operating margin | — | — |
| Net margin | 16.9% | 4.0% |
| Return on equity | 12.1% | 4.8% |
| Free cash flow | −$3.37bn | — |
| Cash | $1.97bn | $826m |
| Total debt | $0 | $1.72bn |
| Debt to equity | 0.0% | 41.6% |
| Dividend per share | $1.40 | — |
| Dividend yield | 3.5% | — |
| Share buybacks | $687m | — |
| Employees | — | 1,900 |
| Market value | $14.38bn | $18.58bn |
| Price vs our value range | — | — |
| Moat score | 47 (Moderate) | — |
| Insider trades, 12 months | 0 buys, 6 sales | 0 buys, 0 sales |