Carlyle Group (NASDAQ:CG) Announces Quarterly Earnings Results, Misses Expectations By $0.03 EPS

Carlyle Group (NASDAQ:CG) issued its quarterly earnings data on Friday. The financial services provider reported $1.01 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.04 by ($0.03), FiscalAI reports. Carlyle Group had a return on equity of 23.46% and a net margin of 16.91%.The business had revenue of $1.90 billion for the quarter, compared to analysts’ expectations of $1.09 billion. During the same period in the previous year, the business posted $0.92 earnings per share. The company’s revenue for the quarter was up 84.1% on a year-over-year basis.

Here are the key takeaways from Carlyle Group’s conference call:

• Carlyle delivered a record 2025 with fee-related earnings up 12% to a firm high, a 47% FRE margin, distributable earnings of $1.7 billion ($4.02/sh), and record AUM of $477 billion.
• Fundraising and activity were robust — inflows of $54 billion, deployments of $54 billion, and $34 billion of realized proceeds, with $18 billion of capital returned to fund investors in 2025.
• Carlyle highlighted market-leading monetizations (including the $7 billion Medline IPO and leading sponsor-backed IPO activity) and expects exit momentum to continue into 2026.
• Growth engines concentrated in Carlyle AlpInvest and Global Credit — AlpInvest FRE rose ~60% (closed a $20 billion secondary fund) and Credit executed record originations and priced 39 CLOs, fueling fee revenue growth.
• Management flagged recent market volatility and tighter credit spreads that could create short-term fragility for exits and markets, though they remain constructive based on portfolio fundamentals.

Carlyle Group Price Performance

Shares of CG traded up $2.95 on Friday, reaching $58.36. The stock had a trading volume of 2,928,534 shares, compared to its average volume of 2,760,885. Carlyle Group has a twelve month low of $33.02 and a twelve month high of $69.85. The firm has a market capitalization of $21.03 billion, a PE ratio of 32.61, a PEG ratio of 1.04 and a beta of 2.05. The firm has a 50-day moving average of $60.39 and a 200 day moving average of $60.34. The company has a quick ratio of 2.49, a current ratio of 2.49 and a debt-to-equity ratio of 1.78.

Wall Street Analysts Forecast Growth

CG has been the topic of several analyst reports. TD Cowen reiterated a “buy” rating on shares of Carlyle Group in a research note on Wednesday, January 14th. Citigroup dropped their price objective on shares of Carlyle Group from $74.00 to $71.00 and set a “buy” rating on the stock in a research note on Monday, November 3rd. Weiss Ratings restated a “hold (c)” rating on shares of Carlyle Group in a research note on Wednesday, January 21st. Morgan Stanley set a $71.00 price target on shares of Carlyle Group in a report on Tuesday, January 27th. Finally, JPMorgan Chase & Co. lowered their price objective on Carlyle Group from $68.00 to $66.00 and set a “neutral” rating on the stock in a report on Monday, November 3rd. Seven equities research analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $67.77.

Insiders Place Their Bets

In other news, Director David M. Rubenstein sold 625,000 shares of the firm’s stock in a transaction on Wednesday, December 10th. The stock was sold at an average price of $56.55, for a total value of $35,343,750.00. Following the completion of the transaction, the director owned 27,999,644 shares in the company, valued at $1,583,379,868.20. This trade represents a 2.18% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Company insiders own 26.30% of the company’s stock.

Institutional Investors Weigh In On Carlyle Group

Several hedge funds have recently modified their holdings of the company. State Street Corp lifted its stake in shares of Carlyle Group by 20.9% during the third quarter. State Street Corp now owns 9,942,135 shares of the financial services provider’s stock valued at $623,372,000 after buying an additional 1,720,483 shares during the period. UBS Group AG boosted its holdings in shares of Carlyle Group by 11.2% during the third quarter. UBS Group AG now owns 4,037,257 shares of the financial services provider’s stock worth $253,136,000 after purchasing an additional 407,493 shares during the last quarter. Ameriprise Financial Inc. grew its position in shares of Carlyle Group by 1.7% in the second quarter. Ameriprise Financial Inc. now owns 2,769,631 shares of the financial services provider’s stock valued at $142,359,000 after purchasing an additional 46,894 shares during the period. Northern Trust Corp lifted its position in Carlyle Group by 11.6% during the third quarter. Northern Trust Corp now owns 2,569,724 shares of the financial services provider’s stock worth $161,122,000 after buying an additional 266,077 shares during the period. Finally, Bank of America Corp DE boosted its stake in Carlyle Group by 4.7% in the 3rd quarter. Bank of America Corp DE now owns 1,958,592 shares of the financial services provider’s stock worth $122,804,000 after buying an additional 87,930 shares during the last quarter. 55.88% of the stock is owned by institutional investors and hedge funds.

More Carlyle Group News

Here are the key news stories impacting Carlyle Group this week:

• Positive Sentiment: Record annual earnings and fundraising strength — Carlyle reported a record annual result that helped offset a small quarterly EPS shortfall, and company commentary/coverage highlighted a strong fundraising year that supports recurring fee revenue and long‑term earnings power. Carlyle shares rise as record annual earnings offset quarterly miss
• Positive Sentiment: Q4 fundraisings and performance beat expectations on key metrics — multiple reports highlight that Q4 results were supported by strong private‑equity deal activity and fundraising that capped a solid year for fee‑related earnings. Those items improve visibility into management fees and carried interest going forward. Carlyle Group Q4 earnings beat caps off a strong fundraising year
• Positive Sentiment: Quarterly revenue surge and investor materials released — Carlyle reported revenue up ~84% YoY and posted the earnings slide deck/ presentation, which gives investors detail on realized gains, fundraising and capital deployment that appear to have reassured the market. The Carlyle Group Inc. 2025 Q4 – Results – Earnings Call Presentation
• Neutral Sentiment: Analyst/peer valuation comparison — Coverage compares Carlyle to peers (e.g., Invesco) for relative value; useful for positioning but not an immediate catalyst. IVZ or CG: Which Is the Better Value Stock Right Now?
• Negative Sentiment: Minor EPS miss — Reported EPS of $1.01 was about $0.03 below consensus, which some short‑term traders view negatively even though revenue and annual results were strong. Carlyle Group earnings / transcript
• Negative Sentiment: Deal risk: rival bidders for Lukoil assets — Reuters reports that other bidders (including Chevron) are pursuing the Lukoil portfolio despite Carlyle’s agreement, introducing execution risk and potential price competition on a material acquisition. Rival bidders pursue Lukoil assets despite Carlyle deal, sources say

About Carlyle Group

The Carlyle Group (NASDAQ: CG) is a global alternative asset manager that invests across a range of strategies including private equity, real assets (such as real estate and infrastructure), global credit, and investment solutions. Founded in 1987 and headquartered in Washington, DC, Carlyle raises and manages investment funds that acquire, operate and exit companies and assets on behalf of institutional and private investors. The firm is publicly traded on the Nasdaq exchange and operates as an asset manager and investment advisor rather than as an operating company.

Carlyle’s core activities include sourcing and executing private equity buyouts and growth investments, originating and managing credit and financing solutions, and acquiring and operating real asset portfolios.