The Carlyle Group Inc. Common Stock (CG)

FairStock Score: 61/100 — STEADY

Key Financials

AI Analysis

AI-generated, general educational analysis — not personal investment advice.

As a value investor, I see Carlyle as a fee-based asset manager with a real franchise but no wide moat. Its brand and fundraising relationships help, but asset management is cyclical and competitive, and results swing with markets. The filed record is uneven: in fiscal 2023 it reported revenue of $3.0B and a net loss of $608.4M, or diluted EPS of -$1.68; fiscal 2024 revenue was $5.4B with net income of $1.0B and EPS of $2.77; then fiscal 2025 revenue eased to $4.8B with net income of $808.7M and EPS of $2.18. In fiscal Q2 2026, revenue was $1.1B and net income $137.1M, or EPS $0.37, versus fiscal Q2 2025 revenue of $1.6B, net income of $319.7M and EPS of $0.87, so the latest quarter was much weaker year over year. FairStock's calculations at the 2026-10-13 close of $37.24 show a P/E of 38.79, P/B of 2.51, ROE of 7.77%, ROCE of 2.03%, and a Graham Number of $17.90, implying a margin of safety of -108.04%. Debt-to-equity is 1.98, trailing free cash flow is -$3.7B, and the FCF yield is -27.9%. The Piotroski F-Score is 6/9 and Altman Z-Score is 0.45, which is not a cushion. The Lynch category is TURNAROUND because it returned to profit after a loss within three years, but a turnaround needs improving cash generation and lower leverage, not just one profitable quarter. At this price, I would want a much larger discount to intrinsic value before calling it compelling.

In plain English: Carlyle is an investment firm that manages funds and buys stakes in companies. Its latest filed results show a profit, but the business is less profitable than a year earlier and its cash flow is negative, while debt is high. At the recent $37.24 close, the shares look expensive compared with the company's earnings and accounting value.

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Data as of 2026-10-13 close · note generated 2026-10-15 · model deepseek-flash

Sources (SEC EDGAR): fiscal Q2 2026 10-Q (period ended 2026-06-30) · fiscal Q1 2026 10-Q (period ended 2026-03-31) · fiscal Q3 2025 10-Q (period ended 2025-09-30) · fiscal Q2 2025 10-Q (period ended 2025-06-30) · FY2025 10-K (period ended 2025-12-31) · FY2024 10-K (period ended 2024-12-31) · FY2023 10-K (period ended 2023-12-31)

Fundamentals from company filings and market-data providers; prices are end-of-day, not real-time. AI-generated analysis is general and educational — not personal investment advice. Scoring methodology · Score test · Disclaimer