Affiliated Managers Group (AMG) vs Carlyle Group (CG)
Head-to-head comparison of performance, valuation, growth, profitability and dividends. Prices delayed 15 minutes; data as of Oct 9, 2026.
Summary
Affiliated Managers Group (AMG) has outperformed Carlyle Group (CG) over the past year, gaining 59.8% versus a loss of 36.6%. Over five years, AMG leads with a +141.8% price change compared with -25.4% for CG. Carlyle Group is the larger company by market cap ($13.68 billion vs $10.01 billion), about 1.4 times the size, while Affiliated Managers Group is growing revenue faster (+1.6% vs -11.9%).
On valuation, Carlyle Group trades at a lower forward P/E (7.6x vs 9.0x for Affiliated Managers Group). Carlyle Group offers the higher dividend yield (3.65% vs 0.01%). Affiliated Managers Group converts more of its revenue into profit, with a net margin of 34.5% versus 16.9%.
Summary generated from market data by MetaCap's automated system. Methodology
Relative performance
Percent change in share price from the first common trading day shown; excludes dividends.
Head-to-head
| Metric | AMG | CG |
|---|---|---|
| Share price | $386.99 | $38.39 |
| Market cap | $10.01B | $13.68B |
| 1-day change | +2.63% | +1.56% |
| YTD return | +34.24% | -35.05% |
| 1-year return | +59.83% | -36.60% |
| 5-year return | +141.81% | -25.38% |
| P/E ratio (TTM) | 13.56 | 39.58 |
| Forward P/E | 9.04 | 7.63 |
| EPS (TTM) | $28.54 | $0.97 |
| Dividend yield | 0.01% | 3.65% |
| Annual dividend | $0.04 | $1.40 |
| Revenue (latest FY) | $2.07B | $4.78B |
| Revenue growth (YoY) | +1.64% | -11.91% |
| Net income (latest FY) | $716.60M | $808.70M |
| Net margin | 34.54% | 16.92% |
| 52-week high | $393.42 | $67.30 |
| 52-week low | $230.26 | $37.08 |
| Distance from 52-week high | -1.63% | -42.96% |
| Analyst consensus | strong_buy | buy |
| Avg. price target upside | +13.81% | +42.98% |
| Average volume | 277.13K | 3.55M |
| Shares outstanding | 25.86M | 356.33M |
| Employees | 5,600 | 2,500 |
| Sector | Finance | Finance |
| Industry | Investment Managers | Investment Managers |
Highlighted cells mark the higher value for growth, returns, margins and yield, and the lower value for P/E ratios. Highlighting is a mechanical comparison, not a recommendation.
Key differences
- AMG has outperformed CG by 96.4 percentage points over the past year.
- Carlyle Group trades at a higher earnings multiple (39.6x vs 13.6x trailing P/E).
- Carlyle Group offers a meaningfully higher dividend yield (3.65% vs 0.01%).
- Affiliated Managers Group is more profitable, keeping 34.5 cents of every revenue dollar as net income versus 16.9 cents for Carlyle Group.
- Affiliated Managers Group grew revenue faster in its latest fiscal year (+1.64% vs -11.91%).
About Affiliated Managers Group
AMG stock →Affiliated Managers Group, Inc., through its affiliates, operates as an investment management company providing investment management services to mutual funds, institutional clients,retails and high net worth individuals in the United States. It provides advisory or sub-advisory services to mutual funds.
Finance · Investment Managers · 5,600 employees
About Carlyle Group
CG stock →The Carlyle Group Inc. is an investment firm specializing in direct and fund of fund investments.
Finance · Investment Managers · 2,500 employees
AMG vs CG FAQ
Which is bigger, Affiliated Managers Group or Carlyle Group?
Carlyle Group (CG) is larger, with a market capitalization of $13.68B compared with $10.01B for Affiliated Managers Group (AMG).
Which stock has performed better over the past year, AMG or CG?
AMG returned +59.83% over the past 12 months, compared with -36.60% for CG (price return, excluding dividends). Past performance does not predict future results.
Which has the lower P/E ratio, AMG or CG?
AMG has the lower trailing P/E at 13.6, versus 39.6 for CG. A lower P/E is not by itself a sign of a better investment; it can reflect slower expected growth or higher risk.
Which pays a higher dividend, Affiliated Managers Group or Carlyle Group?
Carlyle Group has the higher yield at 3.65%, compared with 0.01% for Affiliated Managers Group.
Are Affiliated Managers Group and Carlyle Group in the same industry?
Yes. Both are classified in the Investment Managers industry within the Finance sector.