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Blackstone Secured Lending Fund

BXSL

$24.53 ▲ +0.38 (+1.55%) at close

8 Visible periods

19 Metrics

Peer-ranked Benchmarks

Price Chart

Health

Weak

Bearish

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Analytical Summary

Blackstone Secured Lending Fund faces fundamental challenges with weakness in Debt to Equity. The fundamentals warrant careful consideration of downside risks.

Market Cap $5.6B

Dividend Yield 12.56%

Revenue Growth —

Op. Margin —

ROIC —

FCF / Share $-2.00 ↗

Trailing P/E 10.0x

Price / Book 0.9x

FCF Yield —

Debt / Equity 1.29

info Valuation on last close. End-of-day price, Aug 7, 2026.

8-Year Financial Trajectory

Annual

Metric Value Trend Year over Year Percentile

Net Income Profit after all expenses

$563.46M

↓ -18.8% —

FCF / Share Free cash flow per share

$-2.00

↑ +84.0% —

Long-Term Debt Long-term obligations

$8.08B

↑ +14.5% —

trending_up

Bullish Indicators

No bullish signals detected.

warning

Bearish Risks

Debt to EquityDebt to Equity is concerning (bottom quartile)

Health Breakdown

Returns ↓

Financial Health →

Cash Quality ↑

Dividend History

Dividend / share · sourced from SEC filings

$3.08 Latest / share

+0.0% YoY

+1.9% 4-yr CAGR

FY 2018

FY 2019

FY 2020

FY 2021

$2.91

FY 2022

$2.94

FY 2023

$3.08

FY 2024

$3.08

FY 2025

Financial view

Statement lens

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Cadence

Annual Quarterly

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📈 Is growth accelerating? 4 metrics

Metric	FY 2025 Dec 31, 2025 10-K ↗	FY 2024 Dec 31, 2024 10-K ↗	FY 2023 Dec 31, 2023 10-K ↗	FY 2022 Dec 31, 2022 10-K ↗	FY 2021 Dec 31, 2021 10-K ↗	FY 2020 Dec 31, 2020 10-K ↗	FY 2019 Dec 31, 2019 10-K ↗	FY 2018 Dec 31, 2018 10-K ↗
EPS Growth YoY (%)	-28.7% Weak ↓ Weak Declining Year-over-year change in earnings per share Optimal: > 10%	-5.5% Weak ↓ Weak Declining Year-over-year change in earnings per share Optimal: > 10%	49.6% Excellent ↑ Excellent Improving Year-over-year change in earnings per share Optimal: > 10%	-23.5% Weak Weak Year-over-year change in earnings per share Optimal: > 10%	39.3% Excellent Excellent Year-over-year change in earnings per share Optimal: > 10%	—	—	—
Net Income Growth YoY (%)	-18.8% Weak ↓ Weak Declining Year-over-year change in net income	13.4% Fair ↓ Fair Declining Year-over-year change in net income	51.3% Excellent → Excellent Stable Year-over-year change in net income	-12.1% Weak Weak Year-over-year change in net income	110.6% Excellent Excellent Year-over-year change in net income	—	—	—
FCF Growth YoY (%)	84.0% Excellent Excellent Year-over-year change in free cash flow	N/M	-32.4% Weak Weak Year-over-year change in free cash flow	N/M	-8.9% Weak Weak Year-over-year change in free cash flow	—	—	—
EPS CAGR 3Y (%)	0.3% Caution ↓ Caution Declining Compound annual EPS growth over 3 years	2.6% Caution Caution Compound annual EPS growth over 3 years	16.8% Excellent Excellent Compound annual EPS growth over 3 years	—	—	—	—	—

💰 Are margins durable? 1 metrics

Metric	FY 2025 Dec 31, 2025 10-K ↗	FY 2024 Dec 31, 2024 10-K ↗	FY 2023 Dec 31, 2023 10-K ↗	FY 2022 Dec 31, 2022 10-K ↗	FY 2021 Dec 31, 2021 10-K ↗	FY 2020 Dec 31, 2020 10-K ↗	FY 2019 Dec 31, 2019 10-K ↗	FY 2018 Dec 31, 2018 10-K ↗
FCF / Net Income (x)	-0.81x Weak ↓ Weak Declining Free cash flow relative to reported net income Optimal: > 1x	-3.64x Weak ↓ Weak Declining Free cash flow relative to reported net income Optimal: > 1x	0.75x Caution ↑ Caution Improving Free cash flow relative to reported net income Optimal: > 1x	1.66x Excellent ↑ Excellent Improving Free cash flow relative to reported net income Optimal: > 1x	-8.32x Weak Weak Free cash flow relative to reported net income Optimal: > 1x	-10.61x Weak Weak Free cash flow relative to reported net income Optimal: > 1x	—	—

🎯 Is capital allocation efficient? 1 metrics

Metric	FY 2025 Dec 31, 2025 10-K ↗	FY 2024 Dec 31, 2024 10-K ↗	FY 2023 Dec 31, 2023 10-K ↗	FY 2022 Dec 31, 2022 10-K ↗	FY 2021 Dec 31, 2021 10-K ↗	FY 2020 Dec 31, 2020 10-K ↗	FY 2019 Dec 31, 2019 10-K ↗	FY 2018 Dec 31, 2018 10-K ↗
Return on Common Equity (%) (%)	9.0% Caution ↓ Caution Declining Profit generated per dollar of shareholder equity Optimal: > 15%	11.4% Fair ↑ Fair Improving Profit generated per dollar of shareholder equity Optimal: > 15%	12.4% Fair ↑ Fair Improving Profit generated per dollar of shareholder equity Optimal: > 15%	9.7% Caution ↑ Caution Improving Profit generated per dollar of shareholder equity Optimal: > 15%	10.4% Fair Fair Profit generated per dollar of shareholder equity Optimal: > 15%	6.7% Caution Caution Profit generated per dollar of shareholder equity Optimal: > 15%	—	—

⚖️ Is the balance sheet risky? 2 metrics

Metric	FY 2025 Dec 31, 2025 10-K ↗	FY 2024 Dec 31, 2024 10-K ↗	FY 2023 Dec 31, 2023 10-K ↗	FY 2022 Dec 31, 2022 10-K ↗	FY 2021 Dec 31, 2021 10-K ↗	FY 2020 Dec 31, 2020 10-K ↗	FY 2019 Dec 31, 2019 10-K ↗	FY 2018 Dec 31, 2018 10-K ↗
Debt to Equity (x)	1.29x Caution ↑ Caution Improving Total debt relative to shareholder equity Optimal: < 0.6x	1.16x Caution → Caution Stable Total debt relative to shareholder equity Optimal: < 0.6x	0.99x Fair ↓ Fair Declining Total debt relative to shareholder equity Optimal: < 0.6x	1.33x Caution Caution Total debt relative to shareholder equity Optimal: < 0.6x	1.24x Caution Caution Total debt relative to shareholder equity Optimal: < 0.6x	—	—	—
Net Debt (USD)	$7.79B	$6.83B	$4.76B	$5.40B	$5.40B	—	—	—

📊 What does each share earn? 7 metrics

Metric	FY 2025 Dec 31, 2025 10-K ↗	FY 2024 Dec 31, 2024 10-K ↗	FY 2023 Dec 31, 2023 10-K ↗	FY 2022 Dec 31, 2022 10-K ↗	FY 2021 Dec 31, 2021 10-K ↗	FY 2020 Dec 31, 2020 10-K ↗	FY 2019 Dec 31, 2019 10-K ↗	FY 2018 Dec 31, 2018 10-K ↗
Basic EPS, GAAP (USD)	$2.46	$3.45	$3.65	$2.44	$3.19	$2.29	—	—
Free Cash Flow per Share (USD)	$-2.00	$-12.55	$2.74	$4.05	$-26.49	$-24.34	—	—
Dividend per Share (USD)	$3.08	$3.08	$2.94	$2.91	—	—	—	—
Book Value per Share (USD)	$26.92	$27.39	$26.66	$25.93	$26.27	$25.20	$26.02	$24.57
Tangible Book Value per Share (USD)	$26.92	$27.39	$26.66	$25.93	$26.27	$25.20	$26.02	$24.57
Basic Weighted Avg Shares (shares)	229.16M	201.37M	167.62M	166.07M	144.51M	95.33M	—	—
Dividend Payout Ratio (%)	125.2% Weak ↑ Weak Improving Dividends paid as a percentage of earnings Optimal: 30-60%	89.3% Caution ↓ Caution Declining Dividends paid as a percentage of earnings Optimal: 30-60%	80.5% Caution ↓ Caution Declining Dividends paid as a percentage of earnings Optimal: 30-60%	119.3% Weak ↓ Weak Declining Dividends paid as a percentage of earnings Optimal: 30-60%	63636.4% Weak Weak Dividends paid as a percentage of earnings Optimal: 30-60%	100436.7% Weak Weak Dividends paid as a percentage of earnings Optimal: 30-60%	—	—

🏦 How resilient is the balance sheet? 2 metrics

Metric	FY 2025 Dec 31, 2025 10-K ↗	FY 2024 Dec 31, 2024 10-K ↗	FY 2023 Dec 31, 2023 10-K ↗	FY 2022 Dec 31, 2022 10-K ↗	FY 2021 Dec 31, 2021 10-K ↗	FY 2020 Dec 31, 2020 10-K ↗	FY 2019 Dec 31, 2019 10-K ↗	FY 2018 Dec 31, 2018 10-K ↗
LT Debt (USD)	$8.08B	$7.06B	$4.91B	$5.53B	$5.50B	—	—	—
Total Equity (USD)	$6.25B	$6.08B	$4.95B	$4.16B	$4.45B	$3.27B	$1.67B	$236.37M

📋 What is driving earnings? 2 metrics

Metric	FY 2025 Dec 31, 2025 10-K ↗	FY 2024 Dec 31, 2024 10-K ↗	FY 2023 Dec 31, 2023 10-K ↗	FY 2022 Dec 31, 2022 10-K ↗	FY 2021 Dec 31, 2021 10-K ↗	FY 2020 Dec 31, 2020 10-K ↗	FY 2019 Dec 31, 2019 10-K ↗	FY 2018 Dec 31, 2018 10-K ↗
Net Income, GAAP (USD)	$563.46M	$694.10M	$611.95M	$404.56M	$460.42M	$218.64M	—	—
Operating Cash Flow (USD)	$-458.66M	$-2.53B	$458.81M	$672.95M	$-3.83B	$-2.32B	—	—

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bar_chart Data from SEC EDGAR XBRL filings

Synced 1 week ago 8 years · 24 quarters

Blackstone Secured Lending Fund

Analytical Summary

8-Year Financial Trajectory

Bullish Indicators

Bearish Risks

Health Breakdown

Dividend History

Statement lens

Benchmark Lens

Signals

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