Carlyle Group (CG) FY2024 results: revenue $5.4 billion, up 83.1% on the year
Carlyle Group Inc. (CG) reported revenue of $5.4 billion for fiscal 2024, the year ended 31 December 2024, up 83.1% on the year before. Net income was $1.0 billion, and diluted earnings per share $2.77. The figures are the company's own, from the 10-K it filed with the SEC on 27 February 2025.
Revenue
$5.4 billion
+83.1% on the year
FY2017FY2024
Operating margin
25.2%
-20.5% a year earlier
FY2017FY2024
Net income
$1.0 billion
FY2017FY2024
Diluted EPS
$2.77
FY2017FY2024
this yearthe year beforeHover a bar for its figure.
$ million except per share. Read moreFree cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.
Cash flow
$ million
FY2024
FY2023
FY2022
On the year
Last 8 years
Operating cash flow
-760
205
-379
Capital expenditure
77.7
66.6
40.6
+16.7%
Free cash flow
-837
138
-420
Free cash flow margin
-15.4%
4.7%
-9.5%
Cash from investing
-77.6
-43.6
-829
Cash from financing
683
-99.6
115
Depreciation and amortisation
184
181
147
+1.9%
Share-based compensation
468
249
154
+87.8%
Buybacks
555
204
186
+172.5%
Dividends paid
503
498
444
+1.1%
Dividend per share
$1.40
$1.40
n/a
0.0%
Diluted shares, weighted
368m
361m
366m
+1.8%
Shares outstanding at period end
357m
361m
362m
-1.1%
Balance sheet
$ million
FY2024
FY2023
FY2022
On the year
Last 8 years
Shareholders' equity
6,348
5,784
6,821
+9.7%
Debt
2,144
2,281
2,272
-6.0%
Other liabilities
14,612
13,110
12,310
+11.5%
Total liabilities and equity
23,104
21,176
21,403
+9.1%
Fixed assets
185
162
140
+14.7%
Goodwill
104
104
104
-0.4%
Intangible assets
530
662
794
-19.9%
Cash and equivalents
1,266
1,440
1,361
-12.1%
Other assets
21,018
18,808
19,005
+11.8%
Total assets
23,104
21,176
21,403
+9.1%
10-K for the year ended 31 December 2024, filed 27 February 2025: the filing.