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Carlyle Group vs Artisan Partners Asset Management: CG and APAM compared
Carlyle Group is the larger company: $334M of revenue in its latest quarter (Q3 2026) against $313M for Artisan Partners Asset Management (Q3 2026). Artisan Partners Asset Management is growing faster (+4% against +0.4% a year earlier). Artisan Partners Asset Management is more profitable, with an operating margin of 35.1% against -16.2%.
Where the money goes: CG and APAM
Carlyle Group (CG) · Q3 2026
Carlyle Group, Q3 2026: revenue $334M (+0.4% year over year), operating margin -16.2%, net loss $76.8M, operating cash flow $361M. The chart follows the revenue to costs, profit and cash.
Artisan Partners Asset Management (APAM) · Q3 2026
Artisan Partners Asset Management, Q3 2026: revenue $313M (+4% year over year), operating margin 35.1%, net earnings $75.2M, operating cash flow $110M. The chart follows the revenue to costs, profit and cash.
| Carlyle Group (CG) | Artisan Partners Asset Management (APAM) | |
|---|---|---|
| Latest quarter | Q3 2026 | Q3 2026 |
| Revenue | $334M | $313M |
| Revenue growth, Y/Y | +0.4% | +4% |
| Operating margin | -16.2% | 35.1% |
| Net earnings | −$76.8M | $75.2M |
| Net margin | -23.0% | 24.1% |
| Operating cash flow | $361M | $110M |
| Free cash flow | $334M | $108M |
| Market value | $14.8B | $2.1B |
| P/E | 27.3× | 7.5× |
| Analysts’ mean target | $51.47 | $35.00 |
Where the revenue comes from
Artisan Partners Asset Management
- Management fees: $312M (100%)
- Performance fees: $35K (0%)
Questions
Which is bigger, Carlyle Group or Artisan Partners Asset Management?
Carlyle Group is the larger company: $334M of revenue in its latest quarter (Q3 2026) against $313M for Artisan Partners Asset Management (Q3 2026).
Is Carlyle Group or Artisan Partners Asset Management growing faster?
Artisan Partners Asset Management is growing faster (+4% against +0.4% a year earlier).
Which is more profitable, Carlyle Group or Artisan Partners Asset Management?
Artisan Partners Asset Management is more profitable, with an operating margin of 35.1% against -16.2%.
More: Carlyle Group earnings · how Carlyle Group makes money · Artisan Partners Asset Management earnings · how Artisan Partners Asset Management makes money
From the companies' latest 10-Q, 10-K or earnings release (10-Q filed Nov 6, 2026; 10-Q filed Oct 29, 2026). Fiscal quarters can end on different dates. Not investment advice.