Retained earnings is the accumulated portion of net income that is not distributed to shareholders. The Carlyle Group's retained earnings for the quarter that ended in Mar. 2026 was $1,173 Mil.
The Carlyle Group's quarterly retained earnings
increased
from Sep. 2025 ($1,618 Mil) to Dec. 2025 ($1,642 Mil) but then
declined
from Dec. 2025 ($1,642 Mil) to Mar. 2026 ($1,173 Mil).
The Carlyle Group's annual retained earnings
declined
from Dec. 2023 ($2,082 Mil) to Dec. 2024 ($2,041 Mil) and
declined
from Dec. 2024 ($2,041 Mil) to Dec. 2025 ($1,642 Mil).
The Carlyle Group (NAS:CG) Retained Earnings Explanation
Historically profitable companies sometimes have negative retained earnings. This is because they have cumulatively paid out more to shareholders than they reported in profits.
For example, in 2011, Microsoft had negative retained earnings. This does not mean the company lost more money than it made over the years. It just means it paid out more money than it earned.
If a company has negative retained earnings, investors should check the 10-year financial results. They should not assume that negative retained earnings prove a company has generally lost money in the past.
Of course, many companies with negative retained earnings have indeed lost money in the past.
Retained Earnings: Warren Buffett's Secret.
One of the most important indicators of durable competitive advantage. Net earnings can be paid out as dividends, used to buy back shares or retained for growth.
If the company loses more than it has accumulated, retained earnings is negative.
If a company isn't adding to its retained earnings, it isn't growing its net worth.
Rate of growth of retained earnings is good indicator whether it's benefiting from a competitive advantage.
Microsoft is negative because it chose to buyback stock and pay dividends.
The more earnings retained, the faster it grows and increases growth rate for future earnings.
The Carlyle Group Retained Earnings Historical Data
* Premium members only.
The historical data trend for The Carlyle Group's Retained Earnings can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Retained Earnings is the accumulated portion of net income that is not distributed to shareholders. Because the net income was not distributed to shareholders, shareholders' equity is increased by the same amount.
Of course, if a company loses, it is called retained losses, or accumulated losses.
The Carlyle Group (CG) has a Retained Earnings of $1,173 Mil as of Mar. 2026. Retained earnings is the amount of net income not issued to shareholders. View historical data on The Carlyle Group and its competitors.
Is The Carlyle Group's Retained Earnings too high?
The Carlyle Group's current Retained Earnings is $1,173 Mil. Overall, The Carlyle Group has a GF Score™ of 63/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does The Carlyle Group's Retained Earnings compare to ARCC and CRBG?
The Carlyle Group's Retained Earnings of $1,173 Mil can be compared against companies in the Asset Management industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Retained Earnings for an Asset Management company?
A good Retained Earnings depends on the Asset Management industry context. However, Retained Earnings should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Retained Earnings mean?
A high Retained Earnings can signal that a stock is expensive relative to its fundamentals. Retained earnings is the amount of net income not issued to shareholders. View historical data on The Carlyle Group and its competitors. The Carlyle Group's current Retained Earnings is $1,173 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is The Carlyle Group stock overvalued right now?
Based on GuruFocus' analysis, The Carlyle Group (CG) is currently considered Modestly Undervalued. The stock's GF Value™ is $56.31, compared to a current price of $44.71 — trading 20.6% below its estimated fair value. The current Retained Earnings is $1,173 Mil. The Carlyle Group's overall GF Score™ is 63/100 with 6 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Retained Earnings calculated?
Retained Earnings is calculated from a company's financial statements. For The Carlyle Group (CG), the current Retained Earnings is $1,173 Mil as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is The Carlyle Group (CG) Overvalued in 2026?
Based on GuruFocus' analysis, The Carlyle Group stock appears to be undervalued.
The current stock price of $44.71 is trading 20.6% below its estimated GF Value™ of $56.31.
GuruFocus considers The Carlyle Group to be Modestly Undervalued.
Key valuation signals for CG:
Retained Earnings: $1,173 Mil
GF Value™: $56.31 vs. price of $44.71 (20.6% below fair value)
No single metric tells the full story. See the CG stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Carlyle Group is one of the world's largest alternative-asset managers, with $476.9 billion in total AUM, including $336.8 billion in fee-earning AUM, at the end of 2025. The company has three core business segments: global private equity, which includes its private equity, real estate, infrastructure, and natural resources offerings (with $163.6 billion in total AUM and $101.4 billion in fee-earning AUM), global credit ($211.3 billion/$169.5 billion), and investment/fund solutions, known as Carlyle AlphInvest ($101.0 billion/$65.9 billion). The firm primarily serves institutional investors and high-net-worth individuals. Carlyle operates through 29 offices across five continents, serving more than 3,100 active carry fund investors from 87 countries.
63GF Score
Get the complete analysis for CG
Retained Earnings is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
CG has been successfully added to your 
