The Carlyle Group Inc. (CG) Financial Ratios
17 years of historical data (2009–2025) · Financial Services · Asset Management
EV/EBITDA
↑
20.10
↑+39% vs avg
5yr avg: 14.42
30Y Low5.8·High72.3
P/FCF
↑
11.87
↓-73% vs avg
5yr avg: 44.59
30Y Low1.2·High106.3
P/B Ratio
↓
2.35
↓-14% vs avg
5yr avg: 2.73
30Y Low0.6·High3.8
ROE
↓
12.1%
↑-44% vs avg
5yr avg: 21.5%
30Y Low-10%·High151%
Debt/EBITDA
↑
10.39
↑+77% vs avg
5yr avg: 5.89
30Y Low0.6·High44.4
Percentile shows where the current value sits in 30-year historical distribution. Sparklines show 5-year trend.
CG Valuation Multiples
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
The Carlyle Group Inc. trades at 20.6x earnings, 35% above its 5-year average of 15.2x, sitting at the 70th percentile of its historical range. Compared to the Financial Services sector median P/E of 13.6x, the stock trades at a premium of 51%. On a free-cash-flow basis, the stock trades at 11.9x P/FCF, 73% below the 5-year average of 44.6x.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Market Cap | $16.2B | $21.9B | $18.6B | $14.7B | $10.9B | $19.9B | $11.3B | $3.9B | $1.8B | $2.3B | $4.7B |
| Enterprise Value | $26.9B | $32.6B | $26.0B | $22.2B | $18.0B | $25.8B | $18.2B | $10.0B | $7.3B | $6.8B | $8.5B |
| P/E Ratio → | 20.55 | 27.11 | 18.23 | — | 8.91 | 6.70 | 32.41 | 11.38 | 19.21 | 9.62 | — |
| P/S Ratio | 3.30 | 4.48 | 4.55 | 7.88 | 2.97 | 3.42 | 5.28 | 1.35 | 0.87 | 0.83 | 2.43 |
| P/B Ratio | 2.35 | 3.11 | 2.93 | 2.54 | 1.60 | 3.49 | 3.85 | 1.32 | 0.63 | 0.78 | 3.24 |
| P/FCF | 11.87 | 16.08 | — | 106.33 | — | 11.38 | — | 11.89 | — | — | — |
| P/OCF | 11.06 | 14.99 | — | 71.77 | — | 11.11 | — | 10.97 | — | — | — |
P/E links to full P/E history page with 30-year chart
CG EV Ratios
Enterprise-value multiples — capital-structure-neutral measures of total business value
The Carlyle Group Inc.'s enterprise value stands at 20.1x EBITDA, 39% above its 5-year average of 14.4x. The Financial Services sector median is 11.4x, placing the stock at a 76% premium on an enterprise-value basis.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| EV / Revenue | — | 6.66 | 6.36 | 11.88 | 4.90 | 4.43 | 8.52 | 3.43 | 3.55 | 2.45 | 4.39 |
| EV / EBITDA | 20.10 | 24.39 | 16.47 | — | 10.48 | 6.32 | 28.76 | 7.69 | 17.93 | 5.79 | 72.32 |
| EV / EBIT | 20.94 | 25.42 | 18.64 | — | 11.46 | 6.40 | 31.34 | 8.10 | 20.26 | 6.00 | 187.27 |
| EV / FCF | — | 23.92 | — | 160.34 | — | 14.74 | — | 30.20 | — | — | — |
CG Profitability
Margins and return-on-capital ratios measuring operating efficiency
The Carlyle Group Inc. earns an operating margin of 26.2%, above the Financial Services sector average of 20.3%. Operating margins have expanded from -32.2% to 26.2% over the past 3 years, signaling improving operational efficiency. ROE of 12.1% is modest. ROIC of 5.2% represents adequate returns on invested capital versus a sector median of 5.5%.
Margins
Full margin charts and quarterly trend are on the Earnings History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 65.9% | 65.9% | 83.2% | 70.9% | 91.2% | 95.0% | 87.9% | 92.7% | 88.0% | 83.2% | 79.5% |
| Operating Margin | 26.2% | 26.2% | 34.1% | -32.2% | 42.8% | 69.2% | 27.2% | 42.3% | 17.5% | 40.8% | 2.3% |
| Net Profit Margin | 16.5% | 16.5% | 25.0% | -32.6% | 33.3% | 51.1% | 16.3% | 13.1% | 5.7% | 8.8% | 0.3% |
Return on Capital
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 12.1% | 12.1% | 16.8% | -9.7% | 19.6% | 68.9% | 11.8% | 13.1% | 4.0% | 11.1% | 0.2% |
| ROA | 3.1% | 3.1% | 4.6% | -2.9% | 5.7% | 16.1% | 2.4% | 2.9% | 0.9% | 2.2% | 0.0% |
| ROIC | 5.2% | 5.2% | 6.8% | -3.0% | 7.9% | 24.0% | 4.2% | 9.7% | 3.0% | 11.0% | 0.2% |
| ROCE | 5.0% | 5.0% | 6.4% | -2.9% | 7.5% | 22.2% | 4.0% | 9.5% | 3.0% | 10.3% | 0.2% |
CG Leverage & Debt
Solvency and debt-coverage ratios — lower is generally safer
The Carlyle Group Inc. carries a Debt/EBITDA ratio of 10.4x, which is highly leveraged (144% above the sector average of 4.3x). Net debt stands at $10.7B ($13.9B total debt minus $3.2B cash). Interest coverage of 10.4x signals virtually no risk of debt distress — earnings comfortably cover interest obligations.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 1.97 | 1.97 | 1.50 | 1.60 | 1.27 | 1.49 | 2.75 | 2.35 | 2.25 | 1.99 | 3.58 |
| Debt / EBITDA | 10.39 | 10.39 | 6.02 | — | 5.05 | 2.08 | 12.73 | 5.37 | 15.70 | 5.01 | 44.42 |
| Net Debt / Equity | — | 1.51 | 1.17 | 1.29 | 1.04 | 1.03 | 2.36 | 2.04 | 1.94 | 1.53 | 2.60 |
| Net Debt / EBITDA | 7.99 | 7.99 | 4.69 | — | 4.13 | 1.44 | 10.93 | 4.66 | 13.54 | 3.83 | 32.21 |
| Debt / FCF | — | 7.84 | — | 54.01 | — | 3.36 | — | 18.31 | — | — | — |
| Interest Coverage | 10.35 | 10.35 | 2.03 | -1.11 | 4.88 | 13.80 | 2.25 | 5.77 | 1.46 | 2.43 | 0.11 |
CG Liquidity & Efficiency
Short-term solvency ratios and asset-utilisation metrics
The Carlyle Group Inc.'s current ratio of 15.72x is well above the 1.0 safety threshold, indicating strong short-term liquidity with ample room to cover current liabilities. The current ratio has improved from 5.71x to 15.72x over the past 3 years.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 15.72 | 15.72 | 12.98 | 5.71 | 6.43 | 8.24 | 5.41 | 3.71 | 3.40 | 4.92 | 125.20 |
| Quick Ratio | 15.72 | 15.72 | 12.98 | 5.71 | 6.43 | 8.24 | 5.41 | 3.71 | 3.40 | 4.92 | 125.20 |
| Cash Ratio | 15.72 | 15.72 | 8.67 | 3.89 | 4.33 | 6.74 | 3.97 | 2.58 | 1.98 | 3.88 | 98.11 |
| Asset Turnover | — | 0.17 | 0.18 | 0.09 | 0.17 | 0.27 | 0.14 | 0.21 | 0.16 | 0.23 | 0.19 |
| Inventory Turnover | — | — | — | — | — | — | — | — | — | — | — |
| Days Sales Outstanding | — | — | — | — | — | — | — | — | — | — | — |
CG Shareholder Yields
Earnings, FCF, buyback, and dividend yields — total returns to shareholders
The Carlyle Group Inc. returns 7.3% to shareholders annually — split between a 3.0% dividend yield and 4.2% buyback yield. A payout ratio of 62.5% is moderate and appears sustainable, balancing shareholder returns with reinvestment capacity. The earnings yield of 4.9% (inverse of P/E) provides a useful comparison to bond yields when assessing the stock's relative attractiveness to fixed income.
Dividends
Full dividend history and growth charts are on the Dividend History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend Yield | 3.0% | — | — | — | — | — | — | — | — | — | — |
| Payout Ratio | 62.5% | 62.5% | 49.3% | — | 36.2% | 12.0% | 100.9% | 40.7% | 111.4% | 48.4% | 2201.6% |
Total Shareholder Return Metrics
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | 4.9% | 3.7% | 5.5% | — | 11.2% | 14.9% | 3.1% | 8.8% | 5.2% | 10.4% | — |
| FCF Yield | 8.4% | 6.2% | — | 0.9% | — | 8.8% | — | 8.4% | — | — | — |
| Buyback Yield | 4.2% | — | — | — | — | — | — | — | — | — | — |
| Total Shareholder Yield | 7.3% | — | — | — | — | — | — | — | — | — | — |
| Shares Outstanding | — | $371M | $368M | $361M | $366M | $363M | $358M | $123M | $113M | $100M | $309M |
Peer Comparison
Compare CG with 10 similar companies in its peer group
| Company | Market Cap | P/E | EV/EBITDA | P/FCF | Gross Margin | Op Margin | ROE | ROIC | Debt/EBITDA |
|---|---|---|---|---|---|---|---|---|---|
 CGYou | $16B | 20.6 | 20.1 | 11.9 | 65.9% | 26.2% | 12.1% | 5.2% | 10.4 |
 BX | $97B | 31.9 | 14.9 | 55.6 | 86.0% | 51.9% | 14.6% | 16.1% | 1.8 |
 KKR | $86B | 41.5 | 19.8 | 9.1 | 41.8% | 2.4% | 3.3% | 0.3% | 7.7 |
 APO | $79B | 18.9 | 6.4 | 10.6 | 88.5% | 34.4% | 12.2% | 16.0% | 1.2 |
 ARES | $42B | 66.0 | 27.9 | 27.5 | 74.8% | 27.2% | 6.8% | 6.1% | 7.4 |
 TPG | $16B | 34.8 | 20.7 | 16.1 | 96.9% | 14.7% | 4.8% | 9.3% | 2.1 |
 BAM | $78B | 30.6 | 27.6 | — | 93.2% | 57.6% | 37.3% | 24.3% | 1.3 |
 BN | $99B | 88.9 | 12.3 | — | 38.8% | 28.6% | 0.8% | 3.7% | 9.7 |
 OWL | $15B | 79.4 | 18.3 | 12.4 | 55.4% | 21.9% | 1.3% | 5.0% | 3.8 |
 EQT | $32B | 15.3 | 6.8 | 11.2 | 48.9% | 34.7% | 7.9% | 6.9% | 1.4 |
 HLNE | $5B | 13.9 | 13.6 | 10.0 | 69.9% | 42.8% | 20.8% | 15.6% | 1.1 |
| Financial Services Median | — | 13.6 | 11.4 | 11.1 | 64.1% | 20.3% | 9.0% | 5.5% | 4.3 |
Peer selection based on competitive and market overlap. Compare multiple stocks →
Download Financial Ratios Data
Includes 30+ ratios · 17 years · Updated daily
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CG — Frequently Asked Questions
Quick answers to the most common questions about buying CG stock.
What is The Carlyle Group Inc.'s P/E ratio?
The Carlyle Group Inc.'s current P/E ratio is 20.6x. The historical average is 24.6x. This places it at the 70th percentile of its historical range.
What is The Carlyle Group Inc.'s EV/EBITDA?
The Carlyle Group Inc.'s current EV/EBITDA is 20.1x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 20.0x.
What is The Carlyle Group Inc.'s ROE?
The Carlyle Group Inc.'s return on equity (ROE) is 12.1%. The historical average is 25.0%.
Is CG stock overvalued?
Based on historical data, The Carlyle Group Inc. is trading at a P/E of 20.6x. This is at the 70th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
What is The Carlyle Group Inc.'s dividend yield?
The Carlyle Group Inc.'s current dividend yield is 3.04% with a payout ratio of 62.5%.
What are The Carlyle Group Inc.'s profit margins?
The Carlyle Group Inc. has 65.9% gross margin and 26.2% operating margin. Operating margin above 20% indicates strong pricing power and cost efficiency.
How much debt does The Carlyle Group Inc. have?
The Carlyle Group Inc.'s Debt/EBITDA ratio is 10.4x, indicating high leverage. A ratio above 4x may signal elevated financial risk.