The Carlyle Group Inc. 4.625% Subordinated Notes due 2061 (CGABL) Revenue History
Annual and quarterly revenue from 2013 to 2024
Compound Annual Growth Rate (CAGR)
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CGABL Revenue Growth
Revenue Breakdown (FY 2024)
CGABL's revenue distribution by segment and geography for fiscal year 2024
By Product/Segment
By Geography
CGABL Revenue Analysis (2013–2024)
As of May 8, 2026, The Carlyle Group Inc. 4.625% Subordinated Notes due 2061 (CGABL) generated trailing twelve-month (TTM) revenue of $4.71 billion, reflecting significant decline in growth of -81.8% year-over-year. The most recent quarter (Q3 2025) recorded $332.7 million in revenue, down 78.8% sequentially.
Looking at the longer-term picture, CGABL's 5-year compound annual growth rate (CAGR) stands at +9.9%, indicating steady revenue expansion. The company achieved its highest annual revenue of $8.78 billion in 2021.
Revenue diversification analysis shows CGABL's business is primarily driven by Fund Management Fee (62%), Performance Allocations (26%), and Principal Investment Income (Loss) (8%). With over half of revenue concentrated in Fund Management Fee, the company maintains significant focus in this area while developing other growth vectors.
When compared to Financial Services sector peers including KKR, APO, and BX. Compare CGABL vs KKR →
CGABL Revenue vs Peers
Revenue metrics vs comparable public companies
| Company | TTM Revenue | YoY Growth | 5Y CAGR | Op. Margin | Compare |
|---|---|---|---|---|---|
| CGABLCurrent | $4.7B | -81.8% | +9.9% | 25.2% | |
 KKR | $19.3B | - | - | 2.4% | |
 APO | $30.3B | - | - | 34.4% | |
 BX | $13.8B | - | - | 51.9% | |
 ARES | $6.5B | - | - | 27.2% | |
 TPG | $4.7B | - | - | 14.7% |
CGABL Historical Revenue Data (2013–2024)
| Year | Revenue | YoY % | Gross Profit | Gross Margin | Op. Income | Op. Margin |
|---|---|---|---|---|---|---|
| 2024 | $5.43B | - | $2.72B | 50.1% | $1.37B | 25.2% |
| 2023 | $2.96B | - | $-436,500,000 | -14.7% | $-1,088,600,000 | -36.7% |
| 2022 | $4.44B | - | $-501,400,000 | -11.3% | $1.72B | 38.8% |
| 2021 | $8.78B | - | $3.84B | 43.7% | $4.21B | 47.9% |
| 2020 | $2.93B | - | $2.93B | 100.0% | $580.0M | 19.8% |
| 2019 | $3.38B | - | $3.38B | 100.0% | $1.23B | 36.5% |
| 2018 | $2.43B | - | $316.5M | 13.0% | $-144,200,000 | -5.9% |
| 2017 | $3.68B | - | $1.51B | 41.1% | $-71,400,000 | -1.9% |
| 2016 | $2.27B | - | $731.9M | 32.2% | $-11,200,000 | -0.5% |
| 2015 | $3.01B | - | $1.34B | 44.6% | $-7,400,000 | -0.2% |
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Start ComparisonCGABL — Frequently Asked Questions
Quick answers to the most common questions about buying CGABL stock.
Is CGABL's revenue growth accelerating or slowing?
CGABL revenue declined -81.8% year-over-year, contrasting with the 5-year CAGR of +9.9%. TTM revenue fell to $4.7B. This reverses the prior growth trend.
What is CGABL's long-term revenue growth rate?
The Carlyle Group Inc. 4.625% Subordinated Notes due 2061's 5-year revenue CAGR of +9.9% reflects the variable expansion pattern. Current YoY growth of -81.8% is below this long-term average.
How is CGABL's revenue distributed by segment?
CGABL reports revenue by product line and geographic region. Annual and quarterly breakdowns from 2013-2024 are available for download. Segment mix reveals concentration and diversification trends.