Carlyle Group (CG) vs TPG (TPG)
Head-to-head comparison of performance, valuation, growth, profitability and dividends. Prices delayed 15 minutes; data as of Oct 7, 2026.
Summary
TPG (TPG) has outperformed Carlyle Group (CG) over the past year, losing 22.0% versus a loss of 38.6%. TPG is the larger company by market cap ($17.38 billion vs $13.47 billion), about 1.3 times the size. On valuation, Carlyle Group trades at a lower forward P/E (7.4x vs 12.4x for TPG).
TPG offers the higher dividend yield (5.03% vs 3.70%). Carlyle Group converts more of its revenue into profit, with a net margin of 16.9% versus 4.0%.
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 | CG | TPG |
|---|---|---|
| Share price | $37.80 | $44.51 |
| Market cap | $13.47B | $17.38B |
| 1-day change | -2.78% | -1.02% |
| YTD return | -36.05% | -30.28% |
| 1-year return | -38.65% | -22.02% |
| 5-year return | -26.53% | — |
| P/E ratio (TTM) | 38.97 | 65.46 |
| Forward P/E | 7.44 | 12.36 |
| EPS (TTM) | $0.97 | $0.68 |
| Dividend yield | 3.70% | 5.03% |
| Annual dividend | $1.40 | $2.24 |
| Revenue (latest FY) | $4.78B | $4.67B |
| Revenue growth (YoY) | -11.91% | +33.43% |
| Net income (latest FY) | $808.70M | $184.59M |
| Net margin | 16.92% | 3.95% |
| 52-week high | $67.30 | $70.38 |
| 52-week low | $37.50 | $36.95 |
| Distance from 52-week high | -43.83% | -36.76% |
| Analyst consensus | buy | buy |
| Avg. price target upside | +45.21% | +31.50% |
| Average volume | 3.49M | 2.61M |
| Shares outstanding | 356.33M | 160.11M |
| Employees | 2,500 | 1,900 |
| 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
- TPG has outperformed CG by 16.6 percentage points over the past year.
- TPG trades at a higher earnings multiple (65.5x vs 39.0x trailing P/E).
- TPG offers a meaningfully higher dividend yield (5.03% vs 3.70%).
- Carlyle Group is more profitable, keeping 16.9 cents of every revenue dollar as net income versus 4.0 cents for TPG.
- TPG grew revenue faster in its latest fiscal year (+33.43% vs -11.91%).
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
About TPG
TPG stock →TPG Inc. operates as an alternative asset manager in the United States and internationally.
Finance · Investment Managers · 1,900 employees
CG vs TPG FAQ
Which is bigger, Carlyle Group or TPG?
TPG (TPG) is larger, with a market capitalization of $17.38B compared with $13.47B for Carlyle Group (CG).
Which stock has performed better over the past year, CG or TPG?
TPG returned -22.02% over the past 12 months, compared with -38.65% for CG (price return, excluding dividends). Past performance does not predict future results.
Which has the lower P/E ratio, CG or TPG?
CG has the lower trailing P/E at 39.0, versus 65.5 for TPG. 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, Carlyle Group or TPG?
TPG has the higher yield at 5.03%, compared with 3.70% for Carlyle Group.
Are Carlyle Group and TPG in the same industry?
Yes. Both are classified in the Investment Managers industry within the Finance sector.