CG
The Carlyle Group Inc.
NasdaqGSUSDEQUITY
Financial Services
DELAYED
Sell
-41/100
Last price
38.88
▼ 0.44 (1.12%)
MARKET · —
Price
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Tool
1D
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Range —
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vs
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Open
—
Prev close
39.32
Day high
39.68
Day low
38.86
Volume
3.03M
Market cap
$13.85B
P/E (TTM)
40.08
52W range
38.72 – 67.30
Trailing performance
Returnvs SPY
1W
-2.02%
-4.0%
1M
-17.22%
-18.4%
3M
-9.73%
-14.2%
6M
-17.28%
-35.5%
YTD
-34.22%
-48.5%
1Y
-38.75%
-55.2%
3Y
+28.91%
-53.3%
5Y
—
—
Price return only. Dividends are not reinvested, so total return on a dividend payer will be higher than shown.
Unusual options activity
Nothing crossed the thresholds in the expiries we scanned.
That is the normal state — most contracts trade well inside their existing open interest.
That is the normal state — most contracts trade well inside their existing open interest.
Contracts trading at or above their open interest, ranked by notional and where the print landed.
Free account
11 more panels on CG open with an account.
Options chains and analytics, valuation ratios, insider filings, analyst targets and ownership. No card, no trial, nothing to cancel.
Insider net activity
Net shares
-138.49K
Net selling
Buy transactions
27
261.51K shares
Sell transactions
1
400.00K shares
Net transactions
+28
Buys less sells
Sell : buy shares
1.5 : 1
Mixed
Insider-held shares
94.13M
Total on file
Insider transactions
| Date | Insider | Action | Shares | Value | Held |
|---|---|---|---|---|---|
| Sep 11, 26 | RUBENSTEIN DAVID M Director |
STOCK | 100.00K | $0 | Direct |
| Sep 11, 26 | RUBENSTEIN DAVID M Director |
SELL | 400.00K | $17.10M | Direct |
| Aug 26, 26 | NEDELMAN JEFFREY President |
STOCK | 6.62K | $0 | Direct |
| Aug 26, 26 | LOBUE LINDSAY Chief Operating Officer |
STOCK | 2.66K | $0 | Direct |
| Aug 26, 26 | HEINZELMAN KATE ELIZABETH General Counsel |
STOCK | 78 | $0 | Direct |
| Aug 26, 26 | SCHWARTZ HARVEY M Chief Executive Officer |
STOCK | 19.24K | $0 | Direct |
| Aug 26, 26 | REDETT JOHN C President |
STOCK | 8.30K | $0 | Direct |
| Aug 26, 26 | PLOUFFE JUSTIN Chief Financial Officer |
STOCK | 3.77K | $0 | Direct |
| Aug 26, 26 | JENKINS MARK DAVID President |
STOCK | 6.26K | $0 | Direct |
| Aug 26, 26 | ANDREWS CHARLES ELLIOTT JR Officer |
STOCK | 304 | $0 | Direct |
| Jul 31, 26 | HEINZELMAN KATE ELIZABETH General Counsel |
STOCK | 11.03K | $0 | Direct |
| May 28, 26 | FERGUSON JEFFREY W General Counsel |
STOCK | 1.27K | $0 | Direct |
| May 28, 26 | NEDELMAN JEFFREY President |
STOCK | 7.73K | $0 | Direct |
| May 28, 26 | LOBUE LINDSAY Chief Operating Officer |
STOCK | 3.12K | $0 | Direct |
What this is, and what it is not
These are SEC Form 4 filings — officers, directors and 10% owners reporting their own trades in the company's stock. Filing is due within two business days of the transaction, so this lags reality by days, and the provider adds its own lag on top.
A sale is not automatically bearish. Executives sell on scheduled 10b5-1 plans, to cover tax on vesting equity, and to diversify. Purchases with cash are generally the more informative signal, and they are far rarer.
This does not include congressional or senate trading. That comes from STOCK Act disclosures filed with the Senate eFD system and the House Clerk, which this data source does not carry.
Officer and director trades in their own stock, straight from Form 4 filings.
Insider holders
| Name | Relation | Shares held | Latest |
|---|---|---|---|
CONWAY WILLIAM E JR |
Director | 27.00M | Stock Gift |
D'ANIELLO DANIEL A. |
Director | — | Sale |
FERGUSON JEFFREY W |
General Counsel | 783.47K | Stock Award(Grant) |
JENKINS MARK DAVID |
President | 1.42M | Stock Award(Grant) |
LOBUE LINDSAY |
Chief Operating Officer | 700.58K | Stock Award(Grant) |
NEDELMAN JEFFREY |
President | 1.61M | Stock Award(Grant) |
PLOUFFE JUSTIN |
Chief Financial Officer | 852.46K | Stock Award(Grant) |
REDETT JOHN C |
President | 1.75M | Stock Award(Grant) |
RUBENSTEIN DAVID M |
Director | 26.90M | Stock Gift |
SCHWARTZ HARVEY M |
Chief Executive Officer | 5.27M | Stock Award(Grant) |
Fundamentals
Market cap$13.85B
Enterprise value$28.04B
Revenue (TTM)$2.80B
Gross profit$2.75B
EBITDA—
Net income$363.90M
EPS (TTM)$0.97
Free cash flow—
Total cash$2.04B
Total debt$14.25B
Book value / share$14.83
Shares outstanding356.33M
Float258.60M
Short % of float7.27%
Dividend yield3.60%
Beta (5Y)1.87
Valuation & profitability ratios
Trailing P/E40.08
Forward P/E7.66
PEG ratio0.64
Price / sales—
Price / book2.62
EV / revenue10.03
EV / EBITDA—
Gross margin98.32%
Operating margin26.86%
Profit margin13.01%
Return on equity7.77%
Return on assets2.03%
Debt / equity197.62
Current ratio1.81
Fourteen ratios including P/E, PEG, EV/EBITDA, margins and return on equity.
Financial statements
| Line item | 2025 | 2024 | 2023 | 2022 | YoY |
|---|---|---|---|---|---|
| Total revenue | $3.21B | $3.40B | $1.32B | $3.36B | -5.6% |
| Operating revenue | $3.21B | $3.40B | $1.32B | $3.36B | -5.6% |
| Selling, general & admin | $784.30M | $665.60M | $652.10M | $575.80M | +17.8% |
| Total operating expense | $2.05B | $2.01B | $1.93B | $1.78B | +2.3% |
| Pre-tax income | $1.16B | $1.39B | -$600.90M | $1.57B | -16.8% |
| Tax provision | $214.50M | $302.60M | -$104.20M | $287.80M | -29.1% |
| Net income | $808.70M | $1.02B | -$608.40M | $1.23B | -20.7% |
| Net income to common | $808.70M | $1.02B | -$608.40M | $1.23B | -20.7% |
| Basic EPS | 2.25 | 2.85 | -1.68 | 3.39 | -21.1% |
| Diluted EPS | 2.18 | 2.77 | -1.68 | 3.35 | -21.3% |
| Basic shares | 359.68M | 358.60M | 361.40M | 361.28M | +0.3% |
| Diluted shares | 370.91M | 368.00M | 361.40M | 365.71M | +0.8% |
| Line item | 2025 | 2024 | 2023 | 2022 | YoY |
|---|---|---|---|---|---|
| Cash & equivalents | $3.21B | $2.10B | $1.79B | $1.57B | +52.9% |
| Property, plant & equipment | $556.80M | $526.70M | $493.70M | $476.90M | +5.7% |
| Goodwill & intangibles | $507.10M | $634.10M | $766.10M | $897.80M | -20.0% |
| Total assets | $29.12B | $23.10B | $21.18B | $21.40B | +26.0% |
| Total debt | $13.89B | $9.50B | $9.26B | $8.68B | +46.3% |
| Total liabilities | $22.06B | $16.76B | $15.39B | $14.58B | +31.6% |
| Retained earnings | $1.64B | $2.04B | $2.08B | $3.40B | -19.5% |
| Shareholder equity | $5.76B | $5.61B | $5.19B | $6.22B | +2.8% |
| Net tangible assets | $5.25B | $4.97B | $4.43B | $5.32B | +5.7% |
| Shares issued | 357.37M | 357.18M | 361.33M | 362.30M | +0.1% |
| Line item | 2025 | 2024 | 2023 | 2022 | YoY |
|---|---|---|---|---|---|
| Net income | $944.70M | $1.09B | -$496.70M | $1.28B | -13.4% |
| Depreciation & amortisation | $192.10M | $184.10M | $180.60M | $147.40M | +4.3% |
| Change in working capital | $559.00M | -$44.00M | -$533.20M | -$698.30M | +1,370.5% |
| Operating cash flow | -$3.28B | -$759.50M | $204.90M | -$379.30M | -331.3% |
| Capital expenditure | -$99.40M | -$77.70M | -$66.60M | -$659.00M | -27.9% |
| Investing cash flow | -$99.40M | -$77.60M | -$43.60M | -$828.80M | -28.1% |
| Share buybacks | -$686.50M | -$554.60M | -$203.50M | -$185.60M | -23.8% |
| Dividends paid | -$505.10M | -$503.00M | -$497.70M | -$443.60M | -0.4% |
| Financing cash flow | $3.99B | $682.80M | -$99.60M | $114.80M | +484.4% |
| Free cash flow | -$3.37B | -$837.20M | $138.30M | -$1.04B | -303.1% |
| End cash position | $1.97B | $1.27B | $1.44B | $1.36B | +55.8% |
| Line item | 2026-06-30 | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 | 2025-03-31 | YoY |
|---|---|---|---|---|---|---|---|
| Total revenue | $854.60M | $352.50M | $996.00M | $573.40M | $977.30M | — | +142.4% |
| Operating revenue | $854.60M | $352.50M | $996.00M | $573.40M | $977.30M | — | +142.4% |
| Selling, general & admin | $202.90M | $184.60M | $224.50M | $180.70M | $205.50M | — | +9.9% |
| Total operating expense | $580.80M | $531.50M | $534.20M | $487.60M | $536.70M | — | +9.3% |
| Pre-tax income | $273.80M | -$179.00M | $461.80M | $85.80M | $440.60M | — | +253.0% |
| Tax provision | $49.00M | -$37.10M | $116.30M | -$26.70M | $112.50M | — | +232.1% |
| Net income | $137.10M | -$132.20M | $358.10M | $900.00K | $319.70M | — | +203.7% |
| Net income to common | $137.10M | -$132.20M | $358.10M | $900.00K | $319.70M | — | +203.7% |
| Basic EPS | 0.38 | -0.37 | — | 0.00 | 0.89 | 0.36 | +202.7% |
| Diluted EPS | 0.37 | -0.37 | — | 0.00 | 0.87 | 0.35 | +200.0% |
| Basic shares | 360.79M | 359.19M | — | 360.07M | 360.36M | 359.46M | +0.4% |
| Diluted shares | 370.54M | 359.19M | — | 376.49M | 366.97M | 366.34M | +3.2% |
| Line item | 2026-06-30 | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 | YoY |
|---|---|---|---|---|---|---|
| Cash & equivalents | $2.04B | $2.75B | $3.21B | $3.26B | $1.74B | -25.9% |
| Property, plant & equipment | $568.70M | $567.80M | $556.80M | $539.70M | $542.80M | +0.2% |
| Goodwill & intangibles | $440.90M | $473.60M | $507.10M | $540.00M | $573.60M | -6.9% |
| Total assets | $28.20B | $29.84B | $29.12B | $27.06B | $25.07B | -5.5% |
| Total debt | $14.25B | $14.62B | $13.89B | $12.66B | $10.71B | -2.5% |
| Total liabilities | $20.98B | $22.47B | $22.06B | $20.21B | $18.35B | -6.6% |
| Retained earnings | $873.80M | $1.17B | $1.64B | $1.62B | $1.95B | -25.5% |
| Shareholder equity | $5.24B | $5.40B | $5.76B | $5.62B | $5.86B | -3.0% |
| Net tangible assets | $4.80B | $4.93B | $5.25B | $5.08B | $5.29B | -2.6% |
| Shares issued | 353.39M | 359.84M | 357.37M | 360.14M | 358.96M | -1.8% |
| Line item | 2026-06-30 | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 | YoY |
|---|---|---|---|---|---|---|
| Net income | $168.00M | -$141.90M | $345.50M | $134.40M | $306.20M | +218.4% |
| Depreciation & amortisation | $51.30M | $50.50M | $49.00M | $48.50M | $47.70M | +1.6% |
| Change in working capital | -$624.40M | $308.00M | $67.70M | $551.50M | -$238.20M | -302.7% |
| Operating cash flow | $1.47B | -$1.24B | -$1.20B | -$2.61B | $882.30M | +218.6% |
| Capital expenditure | -$32.00M | -$28.10M | -$42.00M | -$23.20M | -$17.50M | -13.9% |
| Investing cash flow | -$32.00M | -$28.10M | -$42.00M | -$23.20M | -$17.50M | -13.9% |
| Share buybacks | -$304.10M | -$204.80M | -$203.70M | -$202.70M | -$103.60M | -48.5% |
| Dividends paid | -$125.70M | -$126.40M | -$125.90M | -$126.50M | -$126.30M | +0.6% |
| Financing cash flow | -$1.86B | $988.30M | $975.00M | $3.53B | -$812.10M | -287.8% |
| Free cash flow | $1.44B | -$1.27B | -$1.24B | -$2.63B | $864.80M | +213.4% |
| End cash position | $1.26B | $1.68B | $1.97B | $2.23B | $1.28B | -25.2% |
Options analytics
Put / call volume
2.81
Put-heavy session
Put / call open interest
—
Positioning, not flow
Max pain
30.00
-22.8% from spot
ATM implied vol
6.3%
Nearest strike to spot
Skew (10% OTM)
0.0%
Calls bid over puts
Call volume
109
Contracts, this expiry
Put volume
306
Contracts, this expiry
Heaviest call OI
35.00
0 contracts
Heaviest put OI
30.00
0 contracts
Max pain is the strike at which the largest dollar value of open contracts expires worthless. It describes current positioning; it is not a forecast and it moves as open interest changes.
Put/call ratios, max pain, implied volatility skew and where open interest is concentrated.
Earnings
Reported vs expected · EPS
| Quarter | Est. | Actual | Surprise |
|---|---|---|---|
| Jun 2026 | 0.91 | 1.07 | +18.0% |
| Mar 2026 | 0.92 | 0.89 | -2.8% |
| Dec 2025 | 0.99 | 1.01 | +1.7% |
| Sep 2025 | 1.02 | 0.96 | -5.8% |
Forward consensus
| Period | EPS | Analysts | Revenue | Growth |
|---|---|---|---|---|
| Current quarter | 1.04 | 17 | $989.65M | +26.5% |
| Next quarter | 0.60 | 16 | $912.40M | -16.4% |
| Current year | 3.60 | 19 | $3.74B | -4.2% |
| Next year | 5.04 | 19 | $4.85B | +29.7% |
Analyst targets & ownership
Mean target$55.74
High target$73.00
Low target$41.00
Implied upside43.36%
Analyst count19
ConsensusBUY
Strong buy / Buy4 / 6
Hold9
Sell / Strong sell0 / 1
Held by insiders26.42%
Held by institutions64.84%
Institutions holding816
Price targets, consensus spread, insider and institutional ownership.
Moving averages & technicals
SMA 10
39.66
-1.98% from price
SMA 20
40.54
-4.09% from price
SMA 50
45.13
-13.84% from price
SMA 100
44.87
-13.36% from price
SMA 200
49.39
-21.28% from price
EMA 12
40.07
-2.97% from price
EMA 26
41.75
-6.87% from price
EMA 50
43.45
-10.51% from price
RSI (14)
30.7
Neutral
MACD (12,26,9)
-1.68
Hist 0.10
ATR (14)
1.18
3.03% of price
Realised vol 30D
24.4%
Annualised
Bollinger upper
43.18
20, 2σ
Bollinger lower
37.90
20, 2σ
50 / 200 cross
Death
45.13 vs 49.39
Trend bias
Below 200
-21.28%
Options chain
Calls
| Strike | Last | Bid | Ask | Vol | OI | IV |
|---|---|---|---|---|---|---|
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
Puts
| Strike | Last | Bid | Ask | Vol | OI | IV |
|---|---|---|---|---|---|---|
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
Every listed expiry, both sides of the book, with volume, open interest and implied volatility.
Risk profile
Beta vs SPY
1.54
More volatile than market
Correlation to SPY
0.54
Loosely linked
Realised vol 30D
24.4%
Annualised
Market vol 1Y
13.0%
SPY, annualised
Max drawdown 1Y
-41.2%
Peak to trough
Max drawdown 5Y
-57.7%
Peak to trough
ATR 14
1.18
3.03% of price
Beta (reported)
1.87
5Y monthly, from filing
Short interest
Shares short
19.26M
Prior 19.93M
Change vs prior
-3.4%
Shorts covering
% of float
7.27%
Normal
% of shares out
5.40%
Against total outstanding
Days to cover
6.0
Crowded exit
Float
258.60M
Freely tradeable shares
Exchanges publish short interest twice a month with a settlement lag, so this is roughly two weeks behind. Days to cover divides shares short by average daily volume — it estimates how long covering would take, not whether it will happen.
Rating changes
| Date | Firm | Action | From | To |
|---|---|---|---|---|
| Oct 5, 26 | RBC Capital | MAINTAINED | Sector Perform | Sector Perform |
| Oct 2, 26 | Wells Fargo | INITIATED | — | Equal-Weight |
| Sep 24, 26 | Piper Sandler | INITIATED | — | Overweight |
| Aug 6, 26 | UBS | MAINTAINED | Buy | Buy |
| Aug 6, 26 | Evercore ISI Group | MAINTAINED | In-Line | In-Line |
| Aug 6, 26 | Barclays | MAINTAINED | Overweight | Overweight |
| Aug 6, 26 | Keefe, Bruyette & Woods | MAINTAINED | Market Perform | Market Perform |
| Aug 6, 26 | Citizens | MAINTAINED | Market Outperform | Market Outperform |
| Jul 13, 26 | Evercore ISI Group | MAINTAINED | In-Line | In-Line |
| Jul 13, 26 | RBC Capital | MAINTAINED | Sector Perform | Sector Perform |
| Jul 9, 26 | Barclays | MAINTAINED | Overweight | Overweight |
| Jul 9, 26 | Citizens | MAINTAINED | Market Outperform | Market Outperform |
Dividends & splits
Forward rate$1.40 / yr
Forward yield3.60%
5-year avg yield2.97%
Payout ratio144.33%
Ex-dividend dateAug 17, 2026
Next pay dateAug 26, 2026
Last split—
Split date—
SEC filings
Annual Report of Proxy Voting Record of Registered Management Investment Companies filed on Form N-PX
N-PX · 2026-08-14
Periodic Financial Reports
10-Q · 2026-08-10
Corporate Changes & Voting Matters
8-K · 2026-08-05
Corporate Changes & Voting Matters
8-K · 2026-06-05
Corporate Changes & Voting Matters
8-K · 2026-06-01
Corporate Changes & Voting Matters
8-K · 2026-05-07
Annual Report to Shareholders
ARS · 2026-04-23
Periodic Financial Reports
10-K · 2026-02-27
Headlines
Carlyle to Announce Third Quarter 2026 Financial Results and Host Investor Conference Call
GlobeNewswire · 2d ago
1 Mid-Cap Stock with Promising Prospects and 2 That Underwhelm
StockStory · 2d ago
RBC Cuts Price Target on Carlyle Group to $48 From $58, Keeps Sector Perform Rating
MT Newswires · 2d ago
Wells Fargo Initiates Carlyle Group at Equalweight With $43 Price Target
MT Newswires · 5d ago
2 Reasons to Avoid CG and 1 Stock to Buy Instead
StockStory · 7d ago
Nidec confirms talks to sell components unit to Carlyle for $636 mln
Investing.com · 7d ago
Pushback Builds as Large Batteries Come to Crowded Neighborhoods
The Wall Street Journal · 9d ago
Billionaire Investor Warns Young Workers Not to Forget These 3 Skills as AI Reshapes Jobs — ‘Probably Not Going to Go Away’
Benzinga · 9d ago
PRIVATE STRATEGY · BY QUALIFICATION
The same data. A different seat.
The research you are reading is the input layer for a discretionary options program we run for a small number of qualified investors. Minimum $1,000,000.