Carlyle Group (CG) FY2024 10-K Annual Report

Filed: Feb 27, 2025
Financials
Investment AdviceSEC EDGAR

Carlyle Group (CG) 10-K annual report for fiscal year 2024, filed with SEC EDGAR on Feb 27, 2025. This page provides AI-powered analysis including business overview, management discussion & analysis (MD&A), risk factors, and key financial data such as revenue, net income, gross margin, operating margin, and return on equity (ROE) extracted from XBRL.

Carlyle Group FY2024 10-K Analysis

Business Overview

  • Core business as global investment firm specializing in private equity and alternative asset management
  • No new products, services, or business segments introduced or emphasized in 2025 filing
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Management Discussion & Analysis

  • Revenue drivers: Net transaction and portfolio advisory fees $152.5M, up from $68.6M in 2023; realized proceeds from carry funds $28.6B, up from $18.9B in 2023
  • Segment performance: Global Private Equity AUM $163.5B, Fee-earning AUM $98.0B; Global Credit AUM $192.4B, Fee-earning AUM $154.2B; Global Investment Solutions AUM $85.1B, Fee-earning AUM $52.1B
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Risk Factors

  • Equity-method investment impairment risk from NGP Energy Funds, with 55% of related management fee revenue exposure under US GAAP
  • Valuation risk of fund assets due to subjective methodologies potentially misstating performance and accrued performance allocations
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Carlyle Group FY2024 Key Financial Metrics
XBRL

Revenue

$5.4B

+83.1% YoY

Net Income

$1.0B

+267.7% YoY

Net Margin

18.8%

+3933bp YoY

ROE

16.1%

+2659bp YoY

Total Assets

$23.1B

+9.1% YoY

EPS (Diluted)

$2.77

+264.9% YoY

Operating Cash Flow

-$760M

-470.7% YoY

Source: XBRL data from Carlyle Group FY2024 10-K filing on SEC EDGAR. All figures in USD.

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