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Carlyle Secured Lending, Inc.

CGBD

$10.87 ▼ -0.16 (-1.50%) at close

12 Visible periods

17 Metrics

Peer-ranked Benchmarks

Price Chart

Health

Poor

Bearish

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Analytical Summary

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

Market Cap $736.1M

Dividend Yield —

Revenue Growth —

Op. Margin —

ROIC —

FCF / Share $-3.02 ↘

Trailing P/E 10.7x

Price / Book 0.7x

FCF Yield —

Debt / Equity 1.31

info Valuation on last close. End-of-day price, Nov 5, 2026.

12-Year Financial Trajectory

Annual

Metric Value Trend Year over Year Percentile

Net Income Profit after all expenses

$69.97M

↓ -21.4% —

FCF / Share Free cash flow per share

$-3.02

↓ -247.3% —

Long-Term Debt Long-term obligations

$1.53B

↑ +59.3% —

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

$0.40 Latest / share

+8.1% YoY

Q3 FY2022

Q4 FY2022

Q1 FY2023

Q2 FY2023

$0.37

Q3 FY2023

Q4 FY2023

Q1 FY2024

Q2 FY2024

$0.40

Q3 FY2024

Q4 FY2024

Q1 FY2025

Q2 FY2025

Q3 FY2025

Q4 FY2025

Q1 FY2026

Q2 FY2026

Financial view

Statement lens

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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 ↗	FY 2017 Dec 31, 2017 10-K ↗	FY 2016 Dec 31, 2016 10-K ↗	FY 2015 Dec 31, 2015 10-K ↗	FY 2014 Dec 31, 2014 10-K ↗
EPS Growth YoY (%)	-39.3% Weak ↓ Weak Declining Year-over-year change in earnings per share Optimal: > 10%	-4.0% Weak ↓ Weak Declining Year-over-year change in earnings per share Optimal: > 10%	10.8% Fair ↓ Fair Declining Year-over-year change in earnings per share Optimal: > 10%	-45.3% Weak Weak Year-over-year change in earnings per share Optimal: > 10%	3512.5% Excellent Excellent Year-over-year change in earnings per share Optimal: > 10%	—	—	—	—	—	—	—
Net Income Growth YoY (%)	-21.4% Weak ↓ Weak Declining Year-over-year change in net income	-3.6% Weak ↓ Weak Declining Year-over-year change in net income	7.8% Fair ↓ Fair Declining Year-over-year change in net income	-46.6% Weak Weak Year-over-year change in net income	2248.1% Excellent Excellent Year-over-year change in net income	—	—	—	—	—	—	—
FCF Growth YoY (%)	N/M	-54.8% Weak ↓ Weak Declining Year-over-year change in free cash flow	1529.6% Excellent ↑ Excellent Improving Year-over-year change in free cash flow	-80.0% Weak Weak Year-over-year change in free cash flow	-74.3% Weak Weak Year-over-year change in free cash flow	—	—	—	—	—	—	—
EPS CAGR 3Y (%)	-13.6% Weak ↓ Weak Declining Compound annual EPS growth over 3 years	-16.5% Weak Weak Compound annual EPS growth over 3 years	179.7% 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 ↗	FY 2017 Dec 31, 2017 10-K ↗	FY 2016 Dec 31, 2016 10-K ↗	FY 2015 Dec 31, 2015 10-K ↗	FY 2014 Dec 31, 2014 10-K ↗
FCF / Net Income (x)	-2.92x Weak ↓ Weak Declining Free cash flow relative to reported net income Optimal: > 1x	1.17x Fair ↑ Fair Improving Free cash flow relative to reported net income Optimal: > 1x	2.50x Excellent ↓ Excellent Declining Free cash flow relative to reported net income Optimal: > 1x	0.17x Weak ↓ Weak Declining Free cash flow relative to reported net income Optimal: > 1x	0.47x Weak Weak Free cash flow relative to reported net income Optimal: > 1x	44.69x Excellent Excellent 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 ↗	FY 2017 Dec 31, 2017 10-K ↗	FY 2016 Dec 31, 2016 10-K ↗	FY 2015 Dec 31, 2015 10-K ↗	FY 2014 Dec 31, 2014 10-K ↗
Return on Common Equity (%) (%)	6.0% Caution ↓ Caution Declining Profit generated per dollar of shareholder equity Optimal: > 15%	9.8% Caution ↓ Caution Declining Profit generated per dollar of shareholder equity Optimal: > 15%	10.1% Fair ↑ Fair Improving Profit generated per dollar of shareholder equity Optimal: > 15%	9.3% Caution ↑ Caution Improving Profit generated per dollar of shareholder equity Optimal: > 15%	16.9% Good Good Profit generated per dollar of shareholder equity Optimal: > 15%	0.8% Weak Weak 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 ↗	FY 2017 Dec 31, 2017 10-K ↗	FY 2016 Dec 31, 2016 10-K ↗	FY 2015 Dec 31, 2015 10-K ↗	FY 2014 Dec 31, 2014 10-K ↗
Debt to Equity (x)	1.31x Caution ↑ Caution Improving Total debt relative to shareholder equity Optimal: < 0.6x	1.06x Caution → Caution Stable Total debt relative to shareholder equity Optimal: < 0.6x	1.07x Caution ↓ Caution Declining Total debt relative to shareholder equity Optimal: < 0.6x	1.17x Caution Caution Total debt relative to shareholder equity Optimal: < 0.6x	1.10x Caution Caution Total debt relative to shareholder equity Optimal: < 0.6x	—	—	—	—	—	—	—
Net Debt (USD)	$1.53B	$960.95M	$980.18M	$1.08B	$1.04B	—	—	—	—	—	—	—

📊 What does each share earn? 5 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 ↗	FY 2017 Dec 31, 2017 10-K ↗	FY 2016 Dec 31, 2016 10-K ↗	FY 2015 Dec 31, 2015 10-K ↗	FY 2014 Dec 31, 2014 10-K ↗
Basic EPS, GAAP (USD)	$1.02	$1.68	$1.75	$1.58	$2.89	$0.08	—	—	—	—	—	—
Free Cash Flow per Share (USD)	$-3.02	$2.05	$4.54	$0.28	$1.39	$5.41	—	—	—	—	—	—
Book Value per Share (USD)	$16.26	$17.78	$17.97	$17.97	$17.85	$16.29	$16.56	—	—	—	—	—
Tangible Book Value per Share (USD)	$16.26	$17.78	$17.97	$17.97	$17.85	$16.29	$16.56	—	—	—	—	—
Basic Weighted Avg Shares (shares)	67.72M	50.83M	50.82M	52.11M	54.24M	56.42M	60.19M	62.53M	53.00M	36.15M	24.83M	13.09M

🏦 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 ↗	FY 2017 Dec 31, 2017 10-K ↗	FY 2016 Dec 31, 2016 10-K ↗	FY 2015 Dec 31, 2015 10-K ↗	FY 2014 Dec 31, 2014 10-K ↗
LT Debt (USD)	$1.53B	$960.95M	$980.18M	$1.08B	$1.04B	—	—	—	—	—	—	—
Total Equity (USD)	$1.17B	$905.20M	$912.81M	$917.42M	$948.80M	$901.36M	$956.47M	—	—	—	—	—

📋 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 ↗	FY 2017 Dec 31, 2017 10-K ↗	FY 2016 Dec 31, 2016 10-K ↗	FY 2015 Dec 31, 2015 10-K ↗	FY 2014 Dec 31, 2014 10-K ↗
Net Income, GAAP (USD)	$69.97M	$88.98M	$92.28M	$85.64M	$160.35M	$6.83M	—	—	—	—	—	—
Operating Cash Flow (USD)	$-204.56M	$104.27M	$230.61M	$14.51M	$75.43M	$305.16M	—	—	—	—	—	—

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bar_chart Data from SEC EDGAR XBRL filings

Synced 4 days ago 12 years · 30 quarters

Carlyle Secured Lending, Inc.

Analytical Summary

12-Year Financial Trajectory

Bullish Indicators

Bearish Risks

Health Breakdown

Dividend History

Statement lens

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