Carlyle Group annual free cash flow
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2025
Carlyle Group Free Cash Flow (FCF) History (CG)
Carlyle Group reported −$3.37B in free cash flow for fiscal 2025, a decrease of $2.54B from the previous fiscal year, with a free cash flow margin of −70.61%.
View full Carlyle Group company overviewCarlyle Group free cash flow by year
| Fiscal year | Period ended | Free cash flow | Change | Growth | FCF margin |
|---|---|---|---|---|---|
| 2025 | 2025-12-31 | −$3.37B | −$2.54B | — | −70.61% |
| 2024 | 2024-12-31 | −$837.2M | −$975.5M | — | −15.43% |
| 2023 | 2023-12-31 | $138.3M | $558.2M | — | +4.67% |
| 2022 | 2022-12-31 | −$419.9M | −$2.17B | — | −9.46% |
| 2021 | 2021-12-31 | $1.75B | $1.98B | — | +19.92% |
| 2020 | 2020-12-31 | −$230.4M | −$561.2M | — | −7.85% |
| 2019 | 2019-12-31 | $330.8M | $705.6M | — | +9.80% |
| 2018 | 2018-12-31 | −$374.8M | −$333.7M | — | −15.44% |
| 2017 | 2017-12-31 | −$41.1M | $284.9M | — | −1.12% |
| 2016 | 2016-12-31 | −$326.0M | −$4.17B | — | −14.33% |
| 2015 | 2015-12-31 | $3.84B | $1.22B | +46.81% | +127.75% |
| 2014 | 2014-12-31 | $2.62B | −$348.8M | −11.76% | +67.42% |
| 2013 | 2013-12-31 | $2.96B | $969.1M | +48.56% | +66.76% |
| 2012 | 2012-12-31 | $2.00B | −$648.1M | −24.51% | +67.13% |
| 2011 | 2011-12-31 | $2.64B | −$212.0M | −7.42% | +92.92% |
| 2010 | 2010-12-31 | $2.86B | — | — | +102.03% |
Carlyle Group quarterly free cash flow
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Q3.25
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Q2.26
| Fiscal quarter | Period ended | Free cash flow | Change | YoY growth | FCF margin |
|---|---|---|---|---|---|
| Q2 2026 | 2026-06-30 | −$32.5M | $153.8M | — | −2.89% |
| Q1 2026 | 2026-03-31 | −$1.27B | −$901.7M | — | −500.20% |
| Q4 2025 | 2025-12-31 | −$1.24B | −$857.6M | — | −65.07% |
| Q3 2025 | 2025-09-30 | −$1.58B | −$2.36B | — | −475.71% |
| Q2 2025 | 2025-06-30 | −$186.3M | $1.10B | — | −11.84% |
| Q1 2025 | 2025-03-31 | −$368.8M | −$425.7M | — | −37.90% |
| Q4 2024 | 2024-12-31 | −$379.5M | −$616.6M | — | −36.76% |
| Q3 2024 | 2024-09-30 | $772.8M | −$9.9M | −1.26% | +29.33% |
| Q2 2024 | 2024-06-30 | −$1.29B | −$531.3M | — | −120.35% |
| Q1 2024 | 2024-03-31 | $56.9M | $182.3M | — | +8.27% |
| Q4 2023 | 2023-12-31 | $237.1M | $373.5M | — | +25.60% |
| Q3 2023 | 2023-09-30 | $782.7M | $490.3M | +167.68% | +109.22% |
| Q2 2023 | 2023-06-30 | −$756.1M | −$564.2M | — | −163.62% |
| Q1 2023 | 2023-03-31 | −$125.4M | $258.6M | — | −14.60% |
| Q4 2022 | 2022-12-31 | −$136.4M | −$610.6M | — | −18.96% |
| Q3 2022 | 2022-09-30 | $292.4M | −$405.3M | −58.09% | +26.86% |
| Q2 2022 | 2022-06-30 | −$191.9M | −$709.8M | — | −18.29% |
| Q1 2022 | 2022-03-31 | −$384.0M | −$443.8M | — | −24.28% |
| Q4 2021 | 2021-12-31 | $474.2M | $556.7M | — | +23.72% |
| Q3 2021 | 2021-09-30 | $697.7M | $745.0M | — | +42.56% |
| Q2 2021 | 2021-06-30 | $517.9M | $359.4M | +226.75% | +19.14% |
| Q1 2021 | 2021-03-31 | $59.8M | $318.9M | — | +2.45% |
| Q4 2020 | 2020-12-31 | −$82.5M | $493.2M | — | −5.45% |
| Q3 2020 | 2020-09-30 | −$47.3M | −$696.1M | — | −4.57% |
| Q2 2020 | 2020-06-30 | $158.5M | $247.1M | — | +14.01% |
| Q1 2020 | 2020-03-31 | −$259.1M | −$593.0M | — | — |
| Q4 2019 | 2019-12-31 | −$575.7M | −$126.0M | — | −125.07% |
| Q3 2019 | 2019-09-30 | $648.8M | $23.2M | +3.71% | +84.41% |
| Q2 2019 | 2019-06-30 | −$88.6M | $434.8M | — | −8.35% |
| Q1 2019 | 2019-03-31 | $333.9M | $361.2M | — | +30.72% |
| Q4 2018 | 2018-12-31 | −$449.7M | $137.2M | — | −296.44% |
| Q3 2018 | 2018-09-30 | $625.6M | $436.2M | +230.31% | +92.12% |
| Q2 2018 | 2018-06-30 | −$523.4M | −$368.6M | — | −58.57% |
| Q1 2018 | 2018-03-31 | −$27.3M | −$538.5M | — | −3.88% |
| Q4 2017 | 2017-12-31 | −$586.9M | −$146.7M | — | −58.24% |
| Q3 2017 | 2017-09-30 | $189.4M | −$327.2M | −63.34% | +29.60% |
| Q2 2017 | 2017-06-30 | −$154.8M | $263.1M | — | −17.04% |
| Q1 2017 | 2017-03-31 | $511.2M | $495.7M | +3198.06% | +45.64% |
| Q4 2016 | 2016-12-31 | −$440.2M | $112.2M | — | −76.44% |
| Q3 2016 | 2016-09-30 | $516.6M | −$623.2M | −54.68% | +85.07% |
| Q2 2016 | 2016-06-30 | −$417.9M | −$2.21B | — | −68.73% |
| Q1 2016 | 2016-03-31 | $15.5M | −$1.44B | −98.94% | +3.21% |
| Q4 2015 | 2015-12-31 | −$552.4M | −$667.2M | — | −77.17% |
| Q3 2015 | 2015-09-30 | $1.14B | $708.0M | +163.96% | +383.13% |
| Q2 2015 | 2015-06-30 | $1.80B | $712.2M | +65.74% | +209.73% |
| Q1 2015 | 2015-03-31 | $1.46B | $471.5M | +47.81% | +128.22% |
| Q4 2014 | 2014-12-31 | $114.8M | −$312.2M | −73.11% | +13.68% |
| Q3 2014 | 2014-09-30 | $431.8M | −$741.8M | −63.21% | +57.19% |
| Q2 2014 | 2014-06-30 | $1.08B | $1.17B | — | +95.13% |
| Q1 2014 | 2014-03-31 | $986.1M | −$463.3M | −31.96% | +85.94% |
| Q4 2013 | 2013-12-31 | $427.0M | $457.6M | — | +26.06% |
| Q3 2013 | 2013-09-30 | $1.17B | $37.0M | +3.26% | +132.15% |
| Q2 2013 | 2013-06-30 | −$85.2M | −$500.1M | — | −11.08% |
| Q1 2013 | 2013-03-31 | $1.45B | $974.6M | +205.27% | +126.59% |
| Q4 2012 | 2012-12-31 | −$30.6M | −$796.2M | — | — |
| Q3 2012 | 2012-09-30 | $1.14B | — | — | +132.39% |
| Q2 2012 | 2012-06-30 | $414.9M | — | — | +167.03% |
| Q1 2012 | 2012-03-31 | $474.8M | — | — | +42.74% |
| Q1 2011 | 2011-03-31 | $765.6M | — | — | +58.12% |
Carlyle Group free cash flow growth trends
Over the last five reported fiscal years, free cash flow declined from −$230.4M to −$3.37B, a net decrease of $3.14B. Carlyle Group's latest reported quarter, Q2 2026, generated −$32.5M in free cash flow, an increase of $153.8M year over year.
About the metric
What free cash flow means
Free cash flow is the cash a company generates from operations after capital expenditures. Positive FCF can fund dividends, buybacks, debt repayment, or reinvestment; negative FCF means capital spending exceeded operating cash flow for that period.
Calculation and source
How free cash flow is calculated
TickerStat calculates free cash flow as SEC-reported operating cash flow minus capital expenditures. FCF margin equals free cash flow divided by revenue. Fiscal periods can differ from calendar years, so the tables include exact period-end dates.
Review Carlyle Group filings at SEC.gov ↗