CGABL
The Carlyle Group Inc. 4.625% Subordinated Notes due 2061
Financial - Credit Services
Market Cap$6.07B
5Y Perf.-30.2%
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Stock Comparison
CGABL vs TPG
Revenue, margins, valuation, and 5-year total return — side by side.
TPG
TPG Inc.
Asset Management
Market Cap$17.05B
5Y Perf.+32.5%
CGABL vs TPG — Key Financials
Market cap, revenue, margins, and valuation side-by-side.
| Company Snapshot | CGABL | TPG |
|---|---|---|
| Industry | Financial - Credit Services | Asset Management |
| Market Cap | $6.07B | $17.05B |
| Revenue (TTM) | $5.43B | $4.67B |
| Net Income (TTM) | $773M | $18M |
| Gross Margin | 50.1% | 96.9% |
| Operating Margin | 25.2% | 14.7% |
| Forward P/E | 6.1x | 16.1x |
| Total Debt | $0.00 | $1.72B |
| Cash & Equiv. | $1.27B | $826M |
CGABL vs TPG — Long-Term Stock Performance
Price return indexed to 100 at period start. Dividends excluded.
CGABL
TPG
| Stock | Jan 22 | May 26 | Return |
|---|---|---|---|
| The Carlyle Group I… (CGABL) | 100 | 69.8 | -30.2% |
| TPG Inc. (TPG) | 100 | 132.5 | +32.5% |
Price return only. Dividends and distributions are not included.
Quick Verdict: CGABL vs TPG
Each card shows where this stock fits in a portfolio — not just who wins on paper.
Bottom line: CGABL leads in 6 of 7 categories, making it the strongest pick for growth and revenue expansion and valuation and capital efficiency. TPG Inc. is the stronger pick specifically for dividend income and shareholder returns. As sector peers, any of these can serve as alternatives in the same allocation.
CGABL
The Carlyle Group Inc. 4.625% Subordinated Notes due 2061
The Banking Pick
CGABL carries the broadest edge in this set and is the clearest fit for growth exposure and sleep-well-at-night.
- Rev growth 83.1%, EPS growth 264.9%
- Lower volatility, beta 0.71, current ratio 14.94x
- Beta 0.71, yield 8.1%, current ratio 14.94x
Best for: growth exposure and sleep-well-at-night
TPG
TPG Inc.
The Banking Pick
TPG is the clearest fit if your priority is income & stability and long-term compounding.
- Dividend streak 2 yrs, beta 1.61, yield 18.1%
- 50.6% 10Y total return vs CGABL's -9.1%
- 18.1% yield, 2-year raise streak, vs CGABL's 8.1%
Best for: income & stability and long-term compounding
See the full category breakdown
| Category | Winner | Why |
|---|---|---|
| Growth | CGABL | 83.1% NII/revenue growth vs TPG's 77.9% |
| Value | CGABL | Lower P/E (6.1x vs 16.1x) |
| Quality / Margins | CGABL | Efficiency ratio 0.2% vs TPG's 0.8% (lower = leaner) |
| Stability / Safety | CGABL | Beta 0.71 vs TPG's 1.61 |
| Dividends | TPG | 18.1% yield, 2-year raise streak, vs CGABL's 8.1% |
| Momentum (1Y) | CGABL | +4.6% vs TPG's +0.6% |
| Efficiency (ROA) | CGABL | Efficiency ratio 0.2% vs TPG's 0.8% |
CGABL vs TPG — Revenue Breakdown by Segment
How each company's revenue is distributed across its business units
FY 2024
FY 2025
CGABL vs TPG — Financial Metrics
Side-by-side numbers across 2 stocks — who leads on profitability, valuation, growth, and risk.
BEST OVERALLCGABLLAGGINGTPG
TPGTPG Inc.
2leads
CGABLThe Carlyle Group Inc…
3leads
6 Total Categories
CATEGORYLEADERvs TPGMETRICS WON
Income & Cash FlowRevenue, margins, and cash flow strength
Tied
—
Valuation MetricsMultiples, price ratios, and targets
CGABL5/5
Profitability & EfficiencyROE, ROIC, leverage, and quality scores
CGABL5/8
Total Returns1Y, 3Y, 5Y total returns with dividends
TPG4/6
Risk & VolatilityBeta, volatility, and downside exposure
CGABL2/2
Analyst OutlookRatings, price targets, and dividends
TPG2/2
Income & Cash Flow (Last 12 Months)
Evenly matched — CGABL and TPG each lead in 2 of 4 comparable metrics.
Income & Cash Flow (Last 12 Months)
CGABL and TPG operate at a comparable scale, with $5.4B and $4.7B in trailing revenue. CGABL is the more profitable business, keeping 18.8% of every revenue dollar as net income compared to TPG's 4.0%.
| Metric | CGABLThe Carlyle Group… | TPGTPG Inc. |
|---|---|---|
| RevenueTrailing 12 months | $5.4B | $4.7B |
| EBITDAEarnings before interest/tax | $249M | $611M |
| Net IncomeAfter-tax profit | $773M | $18M |
| Free Cash FlowCash after capex | $1.1B | $972M |
| Gross MarginGross profit ÷ Revenue | +50.1% | +96.9% |
| Operating MarginEBIT ÷ Revenue | +25.2% | +14.7% |
| Net MarginNet income ÷ Revenue | +18.8% | +4.0% |
| FCF MarginFCF ÷ Revenue | +18.6% | +21.5% |
| Rev. Growth (YoY)Latest quarter vs prior year | — | — |
| EPS Growth (YoY)Latest quarter vs prior year | -81.6% | — |
Evenly matched — CGABL and TPG each lead in 2 of 4 comparable metrics.
Valuation Metrics
CGABL leads this category, winning 5 of 5 comparable metrics.
Valuation Metrics
At 6.1x trailing earnings, CGABL trades at a 83% valuation discount to TPG's 36.8x P/E. On an enterprise value basis, CGABL's 3.1x EV/EBITDA is more attractive than TPG's 21.8x.
| Metric | CGABLThe Carlyle Group… | TPGTPG Inc. |
|---|---|---|
| Market CapShares × price | $6.1B | $17.1B |
| Enterprise ValueMkt cap + debt − cash | $4.8B | $17.9B |
| Trailing P/EPrice ÷ TTM EPS | 6.08x | 36.76x |
| Forward P/EPrice ÷ next-FY EPS est. | — | 16.06x |
| PEG RatioP/E ÷ EPS growth rate | — | — |
| EV / EBITDAEnterprise value multiple | 3.09x | 21.81x |
| Price / SalesMarket cap ÷ Revenue | 1.12x | 3.65x |
| Price / BookPrice ÷ Book value/share | 0.87x | 1.64x |
| Price / FCFMarket cap ÷ FCF | 6.00x | 16.99x |
CGABL leads this category, winning 5 of 5 comparable metrics.
Profitability & Efficiency
CGABL leads this category, winning 5 of 8 comparable metrics.
Profitability & Efficiency
CGABL delivers a 9.6% return on equity — every $100 of shareholder capital generates $10 in annual profit, vs $0 for TPG. On the Piotroski fundamental quality scale (0–9), TPG scores 8/9 vs CGABL's 6/9, reflecting strong financial health.
| Metric | CGABLThe Carlyle Group… | TPGTPG Inc. |
|---|---|---|
| ROE (TTM)Return on equity | +9.6% | +0.4% |
| ROA (TTM)Return on assets | +2.9% | +0.1% |
| ROICReturn on invested capital | +15.3% | +9.3% |
| ROCEReturn on capital employed | +6.2% | +7.4% |
| Piotroski ScoreFundamental quality 0–9 | 6 | 8 |
| Debt / EquityFinancial leverage | — | 0.42x |
| Net DebtTotal debt minus cash | -$1.3B | $896M |
| Cash & Equiv.Liquid assets | $1.3B | $826M |
| Total DebtShort + long-term debt | $0 | $1.7B |
| Interest CoverageEBIT ÷ Interest expense | 2.60x | 6.24x |
CGABL leads this category, winning 5 of 8 comparable metrics.
Total Returns (Dividends Reinvested)
TPG leads this category, winning 4 of 6 comparable metrics.
Total Returns (Dividends Reinvested)
A $10,000 investment in TPG five years ago would be worth $15,062 today (with dividends reinvested), compared to $9,090 for CGABL. Over the past 12 months, CGABL leads with a +4.6% total return vs TPG's +0.6%. The 3-year compound annual growth rate (CAGR) favors TPG at 22.1% vs CGABL's 3.5% — a key indicator of consistent wealth creation.
| Metric | CGABLThe Carlyle Group… | TPGTPG Inc. |
|---|---|---|
| YTD ReturnYear-to-date | +0.3% | -31.4% |
| 1-Year ReturnPast 12 months | +4.6% | +0.6% |
| 3-Year ReturnCumulative with dividends | +11.0% | +82.0% |
| 5-Year ReturnCumulative with dividends | -9.1% | +50.6% |
| 10-Year ReturnCumulative with dividends | -9.1% | +50.6% |
| CAGR (3Y)Annualised 3-year return | +3.5% | +22.1% |
TPG leads this category, winning 4 of 6 comparable metrics.
Risk & Volatility
CGABL leads this category, winning 2 of 2 comparable metrics.
Risk & Volatility
CGABL is the less volatile stock with a 0.71 beta — it tends to amplify market swings less than TPG's 1.61 beta. A beta below 1.0 means the stock typically moves less than the S&P 500. CGABL currently trades 89.6% from its 52-week high vs TPG's 63.2% drawdown — a narrower gap to the peak suggests stronger recent price momentum.
| Metric | CGABLThe Carlyle Group… | TPGTPG Inc. |
|---|---|---|
| Beta (5Y)Sensitivity to S&P 500 | 0.71x | 1.61x |
| 52-Week HighHighest price in past year | $18.80 | $70.38 |
| 52-Week LowLowest price in past year | $6.86 | $36.95 |
| % of 52W HighCurrent price vs 52-week peak | +89.6% | +63.2% |
| RSI (14)Momentum oscillator 0–100 | 45.5 | 58.5 |
| Avg Volume (50D)Average daily shares traded | 31K | 3.2M |
CGABL leads this category, winning 2 of 2 comparable metrics.
Analyst Outlook
TPG leads this category, winning 2 of 2 comparable metrics.
Analyst Outlook
For income investors, TPG offers the higher dividend yield at 18.08% vs CGABL's 8.11%.
| Metric | CGABLThe Carlyle Group… | TPGTPG Inc. |
|---|---|---|
| Analyst RatingConsensus buy/hold/sell | — | Buy |
| Price TargetConsensus 12-month target | — | $65.00 |
| # AnalystsCovering analysts | — | 17 |
| Dividend YieldAnnual dividend ÷ price | +8.1% | +18.1% |
| Dividend StreakConsecutive years of raises | 0 | 2 |
| Dividend / ShareAnnual DPS | $1.37 | $8.04 |
| Buyback YieldShare repurchases ÷ mkt cap | +9.1% | 0.0% |
TPG leads this category, winning 2 of 2 comparable metrics.
Key Takeaway
CGABL leads in 3 of 6 categories (Valuation Metrics, Profitability & Efficiency). TPG leads in 2 (Total Returns, Analyst Outlook). 1 tied.
Best OverallThe Carlyle Group Inc. 4.62… (CGABL)Leads 3 of 6 categories
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CGABL vs TPG: Frequently Asked Questions
9 questions · data-driven answers · updated daily
01Is CGABL or TPG a better buy right now?
For growth investors, The Carlyle Group Inc.
4. 625% Subordinated Notes due 2061 (CGABL) is the stronger pick with 83. 1% revenue growth year-over-year, versus 77. 9% for TPG Inc. (TPG). The Carlyle Group Inc. 4. 625% Subordinated Notes due 2061 (CGABL) offers the better valuation at 6. 1x trailing P/E, making it the more compelling value choice. Analysts rate TPG Inc. (TPG) a "Buy" — based on 17 analyst ratings — the highest consensus in this comparison. The "better buy" depends entirely on your goals: growth investors should weight revenue trajectory, value investors should weight P/E and PEG, and income investors should weight dividend yield and streak.
02Which has the better valuation — CGABL or TPG?
On trailing P/E, The Carlyle Group Inc.
4. 625% Subordinated Notes due 2061 (CGABL) is the cheapest at 6. 1x versus TPG Inc. at 36. 8x.
03Which is the better long-term investment — CGABL or TPG?
Over the past 5 years, TPG Inc.
(TPG) delivered a total return of +50. 6%, compared to -9. 1% for The Carlyle Group Inc. 4. 625% Subordinated Notes due 2061 (CGABL). Over 10 years, the gap is even starker: TPG returned +50. 6% versus CGABL's -9. 1%. Past returns do not guarantee future results, and the stock with the higher historical return may already have its best growth priced in.
04Which is safer — CGABL or TPG?
By beta (market sensitivity over 5 years), The Carlyle Group Inc.
4. 625% Subordinated Notes due 2061 (CGABL) is the lower-risk stock at 0. 71β versus TPG Inc. 's 1. 61β — meaning TPG is approximately 126% more volatile than CGABL relative to the S&P 500.
05Which is growing faster — CGABL or TPG?
By revenue growth (latest reported year), The Carlyle Group Inc.
4. 625% Subordinated Notes due 2061 (CGABL) is pulling ahead at 83. 1% versus 77. 9% for TPG Inc. (TPG). On earnings-per-share growth, the picture is similar: TPG Inc. grew EPS 1779% year-over-year, compared to 264. 9% for The Carlyle Group Inc. 4. 625% Subordinated Notes due 2061. Higher growth typically commands a higher valuation multiple — check whether the premium P/E or P/S is justified by the growth rate using the PEG ratio.
06Which has better profit margins — CGABL or TPG?
The Carlyle Group Inc.
4. 625% Subordinated Notes due 2061 (CGABL) is the more profitable company, earning 18. 8% net margin versus 4. 0% for TPG Inc. — meaning it keeps 18. 8% of every revenue dollar as bottom-line profit. Operating margin tells a similar story: CGABL leads at 25. 2% versus 14. 7% for TPG. At the gross margin level — before operating expenses — TPG leads at 96. 9%, reflecting greater pricing power or product mix advantage. Stronger margins indicate durable pricing power, lower cost of revenue, or higher mix of software/services. They are one of the clearest signs of business quality.
07Which pays a better dividend — CGABL or TPG?
All stocks in this comparison pay dividends.
TPG Inc. (TPG) offers the highest yield at 18. 1%, versus 8. 1% for The Carlyle Group Inc. 4. 625% Subordinated Notes due 2061 (CGABL).
08Is CGABL or TPG better for a retirement portfolio?
For long-horizon retirement investors, The Carlyle Group Inc.
4. 625% Subordinated Notes due 2061 (CGABL) is the stronger choice — it scores higher on the combination of lower volatility, dividend reliability, and long-term compounding (low volatility (β 0. 71), 8. 1% yield). TPG Inc. (TPG) carries a higher beta of 1. 61 — meaning larger drawdowns in market downturns, which matters significantly when you cannot wait years for a recovery. Both have compounded well over 10 years (CGABL: -9. 1%, TPG: +50. 6%), confirming both are viable long-term holds — but the lower-volatility option typically results in less emotional selling during corrections. Retirement portfolios generally favour predictability over maximum returns. Consult a financial advisor before making allocation decisions.
09What are the main differences between CGABL and TPG?
Both stocks operate in the Financial Services sector, making this a peer-level intra-sector comparison — the same macro tailwinds and headwinds will affect both.
These fundamental differences mean investors should not choose between them on a single metric — the "better stock" depends entirely on which of these characteristics aligns with your investment strategy.
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Revenue Growth>
%
(CGABL: 83.1% · TPG: 77.9%)Net Margin>
%
(CGABL: 18.8% · TPG: 4.0%)P/E Ratio<
x
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