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BLK vs CG
BlackRock (BLK) vs Carlyle Group (CG) Earnings Preview: Q1 Results in Focus
Key Takeaways
- BlackRock (BLK) reports Q1 2026 earnings on April 14, with consensus expecting EPS of $12.40 and revenue of $6.56 billion, building on record $14 trillion AUM (assets under management).
- Carlyle Group (CG) Q1 earnings due May 7; recent Q4 showed record fee-related earnings (FRE) and $477 billion AUM.
- BLK dominates passive ETFs and index funds, while CG excels in private equity, credit, and alternatives.
- Both firms saw strong AUM growth in 2025, driven by market rallies and inflows, but BLK's scale provides fee stability.
- Analysts forecast BLK EPS growth of ~10% YoY; CG focuses on distributable earnings for shareholder returns.
Earnings Context and Why This Comparison Matters
BlackRock (BLK) and Carlyle Group (CG) represent distinct pillars of asset management. BLK, the world's largest asset manager, thrives on scale in ETFs and index products, generating stable base fees from its massive AUM. CG, a leading alternative asset manager, leverages private equity, credit, and solutions for higher but variable fee-related and performance revenues. Earnings reports offer insights into AUM flows, market impacts on fees, and growth in high-margin areas like alternatives. This comparison highlights how traditional and alternative managers navigate volatility, inflows, and diversification.
BlackRock Focus
BlackRock (BLK) will release Q1 2026 earnings on April 14, prior to market open. Analysts project adjusted EPS of $12.40, up from $11.30 YoY, and revenue of $6.56 billion, reflecting ~24% growth. Key watches include AUM updates post-Q4's record $14.04 trillion, driven by $698 billion full-year net inflows, and organic base fee growth. Q4 2025 delivered adjusted EPS of $13.16 (beating estimates) and $7.01 billion revenue, fueled by ETF strength and private markets expansion. Technology services and acquisitions like HPS bolster margins, targeting 45%+ adjusted operating margins.
Carlyle Group Context
Carlyle Group (CG) reports Q1 on May 7. Q4 2025 featured record full-year FRE of $1.24 billion (12% organic growth), distributable earnings (DE) of $1.7 billion ($4.02/share), and AUM at $477 billion (fee-earning AUM $337 billion). Segment revenue hit $1.09 billion, with DE per share at $1.01. Strengths lie in Global Private Equity ($164 billion AUM), Credit ($211 billion), and AlpInvest solutions. Dry powder exceeds $80 billion, supporting deployments amid fundraising momentum. FRE margins reached 47%, underscoring scalable operations.
Head-to-Head Earnings and Market Comparison
BlackRock (BLK) dwarfs CG in scale ($14T vs. $477B AUM), enabling predictable base fees from passive strategies (two-thirds of long-term AUM). CG counters with higher-margin alternatives, where realized performance fees boost DE. Growth drivers: BLK's ETF inflows and alternatives push ($424B); CG's credit and perpetual vehicles. Risks include market drawdowns hitting AUM/fees for both, plus CG's deployment cycles. Sentiment favors BLK for stability, CG for yield via dividends/share buybacks.
AI Screener
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Tickeron AI Verdict
Tickeron AI favors BlackRock (BLK) with 65% probability over the next quarter, citing superior earnings quality from scale, consistent inflows, and trend strength in ETFs amid favorable markets. CG offers upside in alternatives but trails in stability.
Disclaimer
The information on this webpage is provided for general informational and educational purposes only and is not intended as investment advice, a recommendation to purchase or sell any security, or an offer or solicitation related to investments. It does not consider your personal financial situation, goals, or risk profile, and all investing carries inherent risks, including the possibility of losing your entire investment. For more details, please review our full Disclaimers and Limitations.
To compare these two companies we present long-term analysis, their fundamental ratings and make comparative short-term technical analysis which are presented below. The conclusion is BLK is a Hold and CG is a Hold.
Long-Term Analysis
It is best to consider a long-term outlook for a ticker by using Fundamental Analysis (FA) ratings. The rating of 1 to 100, where 1 is best and 100 is worst, is divided into thirds. The first third (a green rating of 1-33) indicates that the ticker is undervalued; the second third (a grey number between 34 and 66) means that the ticker is valued fairly; and the last third (red number of 67 to 100) reflects that the ticker is undervalued. We use an FA Score to show how many ratings show the ticker to be undervalued (green) or overvalued (red).
BLK’s FA Score shows that 0 FA rating(s) are green whileCG’s FA Score has 2 green FA rating(s).
- BLK’s FA Score: 0 green, 5 red.
- CG’s FA Score: 2 green, 3 red.
Short-Term Analysis
It is best to consider a short-term outlook for a ticker by using Technical Analysis (TA) indicators. We use Odds of Success as the percentage of outcomes which confirm successful trade signals in the past.
If the Odds of Success (the likelihood of the continuation of a trend) for each indicator are greater than 50%, then the generated signal is confirmed. A green percentage from 90% to 51% indicates that the ticker is in a bullish trend. A red percentage from 90% - 51% indicates that the ticker is in a bearish trend. All grey percentages are below 50% and are considered not to confirm the trend signal.
BLK’s TA Score shows that 6 TA indicator(s) are bullish while CG’s TA Score has 5 bullish TA indicator(s).
- BLK’s TA Score: 6 bullish, 4 bearish.
- CG’s TA Score: 5 bullish, 5 bearish.
Price Growth
BLK (@Investment Managers) experienced а +3.30% price change this week, while CG (@Investment Managers) price change was +0.56% for the same time period.
The average weekly price growth across all stocks in the @Investment Managers industry was +0.17%. For the same industry, the average monthly price growth was -0.04%, and the average quarterly price growth was -6.94%.
Reported Earning Dates
BLK is expected to report earnings on Jul 21, 2026.
CG is expected to report earnings on Jul 23, 2026.
Industries' Descriptions
@Investment Managers (+0.17% weekly)Investment Managers manage financial assets and other investments of clients. Management includes designing a short- or long-term strategy for buying/holding and selling of portfolio holdings. It can also include tax services and other aspects of financial planning as well. While it is perceived that the industry is faced with growing competition from robo-advisors/digital platforms and passive/ index-tracking funds, many investors still find value in actively managed in-person services that investment management companies often emphasize on. At the same time, many wealth managers are also incorporating digital initiatives/low cost options in addition to their in-person customized services. Their main sources of revenues are fees as a percentage of assets under management, in addition to a certain portion of clients’ gains from asset appreciation. BlackRock, Inc., Blackstone Group Inc and Brookfield Asset Management are some of the major investment management companies.
| BLK | CG | BLK / CG | |
| Capitalization | 163B | 16.1B | 1,012% |
| EBITDA | 10.6B | N/A | - |
| Gain YTD | -0.790 | -23.159 | 3% |
| P/E Ratio | 26.43 | 30.68 | 86% |
| Revenue | 25.6B | 2.9B | 883% |
| Total Cash | 13.1B | N/A | - |
| Total Debt | 15B | 14.6B | 103% |
BLK | CG | ||
|---|---|---|---|
OUTLOOK RATING 1..100 | 16 | 15 | |
VALUATION overvalued / fair valued / undervalued 1..100 | 72 Overvalued | 16 Undervalued | |
PROFIT vs RISK RATING 1..100 | 57 | 80 | |
SMR RATING 1..100 | 66 | 70 | |
PRICE GROWTH RATING 1..100 | 35 | 70 | |
P/E GROWTH RATING 1..100 | 42 | 11 | |
SEASONALITY SCORE 1..100 | 90 | 90 |
Tickeron ratings are formulated such that a rating of 1 designates the most successful stocks in a given industry, while a rating of 100 points to the least successful stocks for that industry.
CG's Valuation (16) in the Investment Managers industry is somewhat better than the same rating for BLK (72). This means that CG’s stock grew somewhat faster than BLK’s over the last 12 months.
BLK's Profit vs Risk Rating (57) in the Investment Managers industry is in the same range as CG (80). This means that BLK’s stock grew similarly to CG’s over the last 12 months.
BLK's SMR Rating (66) in the Investment Managers industry is in the same range as CG (70). This means that BLK’s stock grew similarly to CG’s over the last 12 months.
BLK's Price Growth Rating (35) in the Investment Managers industry is somewhat better than the same rating for CG (70). This means that BLK’s stock grew somewhat faster than CG’s over the last 12 months.
CG's P/E Growth Rating (11) in the Investment Managers industry is in the same range as BLK (42). This means that CG’s stock grew similarly to BLK’s over the last 12 months.
| BLK | CG | |
|---|---|---|
| RSI ODDS (%) | 2 days ago 84% | 2 days ago 81% |
| Stochastic ODDS (%) | 2 days ago 50% | 2 days ago 72% |
| Momentum ODDS (%) | 2 days ago 66% | 2 days ago 69% |
| MACD ODDS (%) | 2 days ago 58% | 2 days ago 70% |
| TrendWeek ODDS (%) | 2 days ago 64% | 2 days ago 71% |
| TrendMonth ODDS (%) | 2 days ago 57% | 2 days ago 71% |
| Advances ODDS (%) | 4 days ago 59% | 4 days ago 69% |
| Declines ODDS (%) | 12 days ago 57% | 2 days ago 70% |
| BollingerBands ODDS (%) | 2 days ago 76% | 2 days ago 68% |
| Aroon ODDS (%) | 2 days ago 49% | 2 days ago 71% |
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CG and
Correlation & Price change
A.I.dvisor indicates that over the last year, CG has been closely correlated with TPG. These tickers have moved in lockstep 78% of the time. This A.I.-generated data suggests there is a high statistical probability that if CG jumps, then TPG could also see price increases.