Carlyle (CG) Free Cash Flow (2011 - 2026)
Carlyle's quarterly Free Cash Flow came in at -$1.3 billion in Q1 2026, down 244.5% year-on-year from $879.3 million in Q1 2025, and down 2.7% quarter-over-quarter from -$1.2 billion in Q4 2025.
Carlyle has reported Free Cash Flow for 16 years, with the latest figure at -$1.3 billion in Q1 2026.
- For the quarter ending Q1 2026, Free Cash Flow fell 244.5% year-over-year to -$1.3 billion; the trailing twelve-month figure through Mar 2026 stood at -$4.3 billion (down 238.63% YoY), and the FY2025 full-year result was -$3.4 billion, down 303.12% from the prior year.
- Free Cash Flow for Q1 2026 stood at -$1.3 billion, down from -$1.2 billion in the prior quarter.
- The five-year high for Free Cash Flow was $782.7 million in Q3 2023, with the low at -$1.6 billion in Q3 2025.
- Average Free Cash Flow over 5 years is -$373.1 million, with a median of -$368.8 million recorded in 2025.
- Year-over-year, Free Cash Flow surged 167.68% in 2023 and plunged 748.15% in 2025.
- Tracing CG's Free Cash Flow over 5 years: stood at -$714.2 million in 2022, then soared by 133.2% to $237.1 million in 2023, then slumped by 260.06% to -$379.5 million in 2024, then sank by 225.98% to -$1.2 billion in 2025, then decreased by 2.7% to -$1.3 billion in 2026.
- The last three Free Cash Flow figures came in at -$1.3 billion (Q1 2026), -$1.2 billion (Q4 2025), and -$1.6 billion (Q3 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Free Cash Flow (Qtr) |
|---|---|---|---|---|---|
| 1 | BlackRock | 158.51 Bn | 148.89 Bn | - | -1.09 Bn |
| 2 | Blackstone | 92.68 Bn | 91.63 Bn | - | 957.64 Mn |
| 3 | Kkr | 84.94 Bn | 132.45 Bn | - | 1.72 Bn |
| 4 | Brookfield Asset Management | 77.34 Bn | 77.68 Bn | - | 332.00 Mn |
| 5 | Apollo Global Management | 76.27 Bn | 95.00 Bn | 5.04 Bn | 1.62 Bn |
| 6 | State Street | 44.42 Bn | 18.75 Bn | - | -12.41 Bn |
| 7 | Ameriprise Financial | 41.68 Bn | 41.55 Bn | 4.57 Bn | 430.00 Mn |
| 8 | Northern Trust | 31.21 Bn | 31.21 Bn | - | -329.40 Mn |
| 9 | Ares Management | 28.85 Bn | 32.22 Bn | - | 390.87 Mn |
| 10 | Carlyle | 16.19 Bn | 16.49 Bn | - | -1.27 Bn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | -1.27 Bn |
| Mar 31, 2026 | -1.27 Bn |
| Dec 31, 2025 | -1.24 Bn |
| Dec 31, 2025 | -1.24 Bn |
| Sep 30, 2025 | -1.58 Bn |
| Sep 30, 2025 | -1.58 Bn |
| Jun 30, 2025 | -186.30 Mn |
| Jun 30, 2025 | -186.30 Mn |
| Mar 31, 2025 | -368.80 Mn |
| Mar 31, 2025 | -368.80 Mn |
| Dec 31, 2024 | -379.50 Mn |
| Dec 31, 2024 | -379.50 Mn |
| Sep 30, 2024 | 772.80 Mn |
| Sep 30, 2024 | 772.80 Mn |
| Jun 30, 2024 | -1.29 Bn |
| Jun 30, 2024 | -1.29 Bn |
| Mar 31, 2024 | 56.90 Mn |
| Mar 31, 2024 | 56.90 Mn |
| Dec 31, 2023 | 237.10 Mn |
| Dec 31, 2023 | 237.10 Mn |
| Sep 30, 2023 | 782.70 Mn |
| Sep 30, 2023 | 782.70 Mn |
| Jun 30, 2023 | -756.10 Mn |
| Jun 30, 2023 | -756.10 Mn |
| Mar 31, 2023 | -125.40 Mn |
| Mar 31, 2023 | -125.40 Mn |
| Dec 31, 2022 | -714.20 Mn |
| Dec 31, 2022 | -714.20 Mn |
| Sep 30, 2022 | 292.40 Mn |
| Sep 30, 2022 | 292.40 Mn |
| Jun 30, 2022 | -191.90 Mn |
| Jun 30, 2022 | -191.90 Mn |
| Mar 31, 2022 | -384.00 Mn |
| Mar 31, 2022 | -384.00 Mn |
| Dec 31, 2021 | 474.20 Mn |
| Dec 31, 2021 | 474.20 Mn |
| Sep 30, 2021 | 697.70 Mn |
| Sep 30, 2021 | 697.70 Mn |
| Jun 30, 2021 | 517.90 Mn |
| Jun 30, 2021 | 517.90 Mn |
| Mar 31, 2021 | 59.80 Mn |
| Mar 31, 2021 | 59.80 Mn |
| Dec 31, 2020 | -82.50 Mn |
| Dec 31, 2020 | -82.50 Mn |
| Sep 30, 2020 | -47.30 Mn |
| Sep 30, 2020 | -47.30 Mn |
| Jun 30, 2020 | 158.50 Mn |
| Jun 30, 2020 | 158.50 Mn |
| Mar 31, 2020 | -259.10 Mn |
| Mar 31, 2020 | -259.10 Mn |
| Dec 31, 2019 | -575.70 Mn |
| Dec 31, 2019 | -575.70 Mn |
| Sep 30, 2019 | 661.20 Mn |
| Sep 30, 2019 | 661.20 Mn |
| Jun 30, 2019 | -88.60 Mn |
| Jun 30, 2019 | -88.60 Mn |
| Mar 31, 2019 | 333.90 Mn |
| Mar 31, 2019 | 333.90 Mn |
| Dec 31, 2018 | -449.70 Mn |
| Dec 31, 2018 | -449.70 Mn |
| Sep 30, 2018 | 625.60 Mn |
| Sep 30, 2018 | 625.60 Mn |
| Jun 30, 2018 | -523.40 Mn |
| Jun 30, 2018 | -523.40 Mn |
| Mar 31, 2018 | -27.30 Mn |
| Mar 31, 2018 | -27.30 Mn |
| Dec 31, 2017 | -586.90 Mn |
| Dec 31, 2017 | -586.90 Mn |
| Sep 30, 2017 | 189.40 Mn |
| Sep 30, 2017 | 189.40 Mn |
| Jun 30, 2017 | -154.80 Mn |
| Jun 30, 2017 | -154.80 Mn |
| Mar 31, 2017 | 511.20 Mn |
| Mar 31, 2017 | 511.20 Mn |
| Dec 31, 2016 | -440.20 Mn |
| Dec 31, 2016 | -440.20 Mn |
| Sep 30, 2016 | 516.60 Mn |
| Sep 30, 2016 | 516.60 Mn |
| Jun 30, 2016 | -417.90 Mn |
| Jun 30, 2016 | -417.90 Mn |
| Mar 31, 2016 | 15.50 Mn |
| Mar 31, 2016 | 15.50 Mn |
| Dec 31, 2015 | -552.40 Mn |
| Dec 31, 2015 | -552.40 Mn |
| Sep 30, 2015 | 1.14 Bn |
| Sep 30, 2015 | 1.14 Bn |
| Jun 30, 2015 | 1.80 Bn |
| Jun 30, 2015 | 1.80 Bn |
| Mar 31, 2015 | 1.46 Bn |
| Mar 31, 2015 | 1.46 Bn |
| Dec 31, 2014 | 114.80 Mn |
| Dec 31, 2014 | 114.80 Mn |
| Sep 30, 2014 | 431.80 Mn |
| Sep 30, 2014 | 431.80 Mn |
| Jun 30, 2014 | 1.08 Bn |
| Jun 30, 2014 | 1.08 Bn |
| Mar 31, 2014 | 986.10 Mn |
| Mar 31, 2014 | 986.10 Mn |
| Dec 31, 2013 | 427.00 Mn |
| Dec 31, 2013 | 427.00 Mn |
| Sep 30, 2013 | 1.17 Bn |
| Sep 30, 2013 | 1.17 Bn |
| Jun 30, 2013 | -85.20 Mn |
| Jun 30, 2013 | -85.20 Mn |
| Mar 31, 2013 | 1.45 Bn |
| Mar 31, 2013 | 1.45 Bn |
| Dec 31, 2012 | -30.60 Mn |
| Dec 31, 2012 | -30.60 Mn |
| Sep 30, 2012 | 1.14 Bn |
| Sep 30, 2012 | 1.14 Bn |
| Jun 30, 2012 | 414.90 Mn |
| Jun 30, 2012 | 414.90 Mn |
| Mar 31, 2012 | 474.80 Mn |
| Mar 31, 2012 | 474.80 Mn |
| Dec 31, 2011 | 706.20 Mn |
| Dec 31, 2011 | 706.20 Mn |
| Sep 30, 2011 | 644.90 Mn |
| Sep 30, 2011 | 644.90 Mn |
| Jun 30, 2011 | 527.10 Mn |
| Jun 30, 2011 | 527.10 Mn |
| Mar 31, 2011 | 765.60 Mn |
| Mar 31, 2011 | 765.60 Mn |