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Sixth Street Specialty Lending, Inc.

TSLX

$19.11 ▲ +0.39 (+2.11%) at close

23 Visible periods

18 Metrics

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Analytical Summary

Sixth Street Specialty Lending, Inc. shows mixed fundamentals. Further due diligence is recommended before making investment decisions.

Market Cap $1.8B

Dividend Yield —

Revenue Growth —

Op. Margin —

ROIC —

FCF / Share $-0.25

Trailing P/E —

Price / Book 1.2x

FCF Yield —

Debt / Equity 1.17

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

23-Year Financial Trajectory

Quarterly

Metric Value Trend Year over Year Percentile

Net Income Profit after all expenses

$-26.02M

↓ -186.9% —

FCF / Share Free cash flow per share

$-0.25

↓ -48.7% —

Long-Term Debt Long-term obligations

$1.80B

↑ +3.5% —

Health Breakdown

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📈 Is growth accelerating? 4 metrics

Metric	Q1 FY2026 Mar 31, 2026 10-Q ↗	Q4 FY2025 Dec 31, 2025 10-K ↗	Q3 FY2025 Sep 30, 2025 10-Q ↗	Q2 FY2025 Jun 30, 2025 10-Q ↗	Q1 FY2025 Mar 31, 2025 10-Q ↗	Q4 FY2024 Dec 31, 2024 10-K ↗	Q3 FY2024 Sep 30, 2024 10-Q ↗	Q2 FY2024 Jun 30, 2024 10-Q ↗	Q1 FY2024 Mar 31, 2024 10-Q ↗	Q4 FY2023 Dec 31, 2023 10-K ↗	Q3 FY2023 Sep 30, 2023 10-Q ↗	Q2 FY2023 Jun 30, 2023 10-Q ↗	Q1 FY2023 Mar 31, 2023 10-Q ↗	Q4 FY2022 Dec 31, 2022 10-K ↗	Q3 FY2022 Sep 30, 2022 10-Q ↗	Q2 FY2022 Jun 30, 2022 10-Q ↗	Q1 FY2022 Mar 31, 2022 10-Q ↗	Q4 FY2021 Dec 31, 2021 10-K ↗	Q3 FY2021 Sep 30, 2021 10-Q ↗	Q2 FY2021 Jun 30, 2021 10-Q ↗	Q1 FY2021 Dec 31, 2020 10-Q ↗	Q4 FY2020 Dec 31, 2020 10-K ↗	Q4 FY2019 Dec 31, 2019 10-K ↗
EPS Growth YoY (%)	N/M	-43.6% Weak ↓ Weak Declining Year-over-year change in earnings per share Optimal: > 10%	6.8% Fair ↑ Fair Improving Year-over-year change in earnings per share Optimal: > 10%	23.5% Good ↑ Good Improving Year-over-year change in earnings per share Optimal: > 10%	-26.4% Weak ↑ Weak Improving Year-over-year change in earnings per share Optimal: > 10%	—	-40.5% Weak ↓ Weak Declining Year-over-year change in earnings per share Optimal: > 10%	-19.0% Weak ↓ Weak Declining Year-over-year change in earnings per share Optimal: > 10%	-18.5% Weak Weak Year-over-year change in earnings per share Optimal: > 10%	—	72.1% Excellent ↑ Excellent Improving Year-over-year change in earnings per share Optimal: > 10%	N/M	20.4% Good ↑ Good Improving Year-over-year change in earnings per share Optimal: > 10%	3.6% Caution Caution Year-over-year change in earnings per share Optimal: > 10%	-42.7% Weak Weak Year-over-year change in earnings per share Optimal: > 10%	—	—	—	—	—	—	—	—
Net Income Growth YoY (%)	N/M	-41.2% Weak ↓ Weak Declining Year-over-year change in net income	9.7% Fair ↑ Fair Improving Year-over-year change in net income	24.5% Good ↑ Good Improving Year-over-year change in net income	-22.2% Weak ↑ Weak Improving Year-over-year change in net income	—	-37.3% Weak ↓ Weak Declining Year-over-year change in net income	-10.7% Weak ↓ Weak Declining Year-over-year change in net income	-10.3% Weak Weak Year-over-year change in net income	—	88.3% Excellent Excellent Year-over-year change in net income	N/M	29.5% Excellent Excellent Year-over-year change in net income	—	-37.3% Weak Weak Year-over-year change in net income	—	—	—	—	—	—	—	—
FCF Growth YoY (%)	N/M	—	—	—	N/M	—	—	—	18.5% Good Good Year-over-year change in free cash flow	—	—	—	N/M	—	—	—	—	—	—	—	—	—	—
EPS CAGR 3Y (%)	—	-18.8% Weak ↓ Weak Declining Compound annual EPS growth over 3 years	3.0% Caution ↑ Caution Improving Compound annual EPS growth over 3 years	—	-10.3% Weak ↓ Weak Declining Compound annual EPS growth over 3 years	-0.6% Weak Weak Compound annual EPS growth over 3 years	-16.3% Weak Weak Compound annual EPS growth over 3 years	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—

💰 Are margins durable? 2 metrics

Metric	Q1 FY2026 Mar 31, 2026 10-Q ↗	Q4 FY2025 Dec 31, 2025 10-K ↗	Q3 FY2025 Sep 30, 2025 10-Q ↗	Q2 FY2025 Jun 30, 2025 10-Q ↗	Q1 FY2025 Mar 31, 2025 10-Q ↗	Q4 FY2024 Dec 31, 2024 10-K ↗	Q3 FY2024 Sep 30, 2024 10-Q ↗	Q2 FY2024 Jun 30, 2024 10-Q ↗	Q1 FY2024 Mar 31, 2024 10-Q ↗	Q4 FY2023 Dec 31, 2023 10-K ↗	Q3 FY2023 Sep 30, 2023 10-Q ↗	Q2 FY2023 Jun 30, 2023 10-Q ↗	Q1 FY2023 Mar 31, 2023 10-Q ↗	Q4 FY2022 Dec 31, 2022 10-K ↗	Q3 FY2022 Sep 30, 2022 10-Q ↗	Q2 FY2022 Jun 30, 2022 10-Q ↗	Q1 FY2022 Mar 31, 2022 10-Q ↗	Q4 FY2021 Dec 31, 2021 10-K ↗	Q3 FY2021 Sep 30, 2021 10-Q ↗	Q2 FY2021 Jun 30, 2021 10-Q ↗	Q1 FY2021 Dec 31, 2020 10-Q ↗	Q4 FY2020 Dec 31, 2020 10-K ↗	Q4 FY2019 Dec 31, 2019 10-K ↗
Effective Tax Rate (%) (%)	—	—	—	—	—	—	1.3% Excellent ↓ Excellent Declining Actual taxes paid relative to pre-tax income Optimal: 15-25%	2.2% Excellent ↑ Excellent Improving Actual taxes paid relative to pre-tax income Optimal: 15-25%	1.6% Excellent ↑ Excellent Improving Actual taxes paid relative to pre-tax income Optimal: 15-25%	1.1% Excellent ↓ Excellent Declining Actual taxes paid relative to pre-tax income Optimal: 15-25%	0.9% Excellent ↓ Excellent Declining Actual taxes paid relative to pre-tax income Optimal: 15-25%	1.8% Excellent ↑ Excellent Improving Actual taxes paid relative to pre-tax income Optimal: 15-25%	1.0% Excellent ↓ Excellent Declining Actual taxes paid relative to pre-tax income Optimal: 15-25%	2.2% Excellent ↑ Excellent Improving Actual taxes paid relative to pre-tax income Optimal: 15-25%	0.9% Excellent ↑ Excellent Improving Actual taxes paid relative to pre-tax income Optimal: 15-25%	1.8% Excellent ↑ Excellent Improving Actual taxes paid relative to pre-tax income Optimal: 15-25%	1.0% Excellent ↑ Excellent Improving Actual taxes paid relative to pre-tax income Optimal: 15-25%	-0.8% Excellent Excellent Actual taxes paid relative to pre-tax income Optimal: 15-25%	0.3% Excellent Excellent Actual taxes paid relative to pre-tax income Optimal: 15-25%	—	—	—	—
FCF / Net Income (x)	0.90x Caution ↓ Caution Declining Free cash flow relative to reported net income Optimal: > 1x	2.47x Excellent ↑ Excellent Improving Free cash flow relative to reported net income Optimal: > 1x	-0.35x Weak ↓ Weak Declining Free cash flow relative to reported net income Optimal: > 1x	3.27x Excellent ↑ Excellent Improving Free cash flow relative to reported net income Optimal: > 1x	4.06x Excellent Excellent Free cash flow relative to reported net income Optimal: > 1x	-0.60x Weak Weak Free cash flow relative to reported net income Optimal: > 1x	—	—	-1.38x Weak Weak Free cash flow relative to reported net income Optimal: > 1x	—	—	—	-1.39x Weak Weak Free cash flow relative to reported net income Optimal: > 1x	—	—	8.57x Excellent Excellent Free cash flow relative to reported net income Optimal: > 1x	1.98x Excellent Excellent Free cash flow relative to reported net income Optimal: > 1x	—	—	—	—	—	—

🎯 Is capital allocation efficient? 1 metrics

Metric	Q1 FY2026 Mar 31, 2026 10-Q ↗	Q4 FY2025 Dec 31, 2025 10-K ↗	Q3 FY2025 Sep 30, 2025 10-Q ↗	Q2 FY2025 Jun 30, 2025 10-Q ↗	Q1 FY2025 Mar 31, 2025 10-Q ↗	Q4 FY2024 Dec 31, 2024 10-K ↗	Q3 FY2024 Sep 30, 2024 10-Q ↗	Q2 FY2024 Jun 30, 2024 10-Q ↗	Q1 FY2024 Mar 31, 2024 10-Q ↗	Q4 FY2023 Dec 31, 2023 10-K ↗	Q3 FY2023 Sep 30, 2023 10-Q ↗	Q2 FY2023 Jun 30, 2023 10-Q ↗	Q1 FY2023 Mar 31, 2023 10-Q ↗	Q4 FY2022 Dec 31, 2022 10-K ↗	Q3 FY2022 Sep 30, 2022 10-Q ↗	Q2 FY2022 Jun 30, 2022 10-Q ↗	Q1 FY2022 Mar 31, 2022 10-Q ↗	Q4 FY2021 Dec 31, 2021 10-K ↗	Q3 FY2021 Sep 30, 2021 10-Q ↗	Q2 FY2021 Jun 30, 2021 10-Q ↗	Q1 FY2021 Dec 31, 2020 10-Q ↗	Q4 FY2020 Dec 31, 2020 10-K ↗	Q4 FY2019 Dec 31, 2019 10-K ↗
Return on Common Equity (%) (%)	-1.7% Weak ↓ Weak Declining Profit generated per dollar of shareholder equity Optimal: > 15%	1.9% Weak ↓ Weak Declining Profit generated per dollar of shareholder equity Optimal: > 15%	2.8% Weak ↓ Weak Declining Profit generated per dollar of shareholder equity Optimal: > 15%	3.6% Weak ↑ Weak Improving Profit generated per dollar of shareholder equity Optimal: > 15%	2.3% Weak ↓ Weak Declining Profit generated per dollar of shareholder equity Optimal: > 15%	3.2% Weak ↑ Weak Improving Profit generated per dollar of shareholder equity Optimal: > 15%	2.5% Weak ↓ Weak Declining Profit generated per dollar of shareholder equity Optimal: > 15%	3.0% Weak ↓ Weak Declining Profit generated per dollar of shareholder equity Optimal: > 15%	3.0% Weak ↓ Weak Declining Profit generated per dollar of shareholder equity Optimal: > 15%	—	4.4% Weak ↑ Weak Improving Profit generated per dollar of shareholder equity Optimal: > 15%	3.6% Weak ↑ Weak Improving Profit generated per dollar of shareholder equity Optimal: > 15%	3.9% Weak ↑ Weak Improving Profit generated per dollar of shareholder equity Optimal: > 15%	—	2.6% Weak ↑ Weak Improving Profit generated per dollar of shareholder equity Optimal: > 15%	-1.1% Weak ↓ Weak Declining Profit generated per dollar of shareholder equity Optimal: > 15%	3.2% Weak Weak Profit generated per dollar of shareholder equity Optimal: > 15%	—	4.4% Weak Weak Profit generated per dollar of shareholder equity Optimal: > 15%	—	—	—	—

⚖️ Is the balance sheet risky? 2 metrics

Metric	Q1 FY2026 Mar 31, 2026 10-Q ↗	Q4 FY2025 Dec 31, 2025 10-K ↗	Q3 FY2025 Sep 30, 2025 10-Q ↗	Q2 FY2025 Jun 30, 2025 10-Q ↗	Q1 FY2025 Mar 31, 2025 10-Q ↗	Q4 FY2024 Dec 31, 2024 10-K ↗	Q3 FY2024 Sep 30, 2024 10-Q ↗	Q2 FY2024 Jun 30, 2024 10-Q ↗	Q1 FY2024 Mar 31, 2024 10-Q ↗	Q4 FY2023 Dec 31, 2023 10-K ↗	Q3 FY2023 Sep 30, 2023 10-Q ↗	Q2 FY2023 Jun 30, 2023 10-Q ↗	Q1 FY2023 Mar 31, 2023 10-Q ↗	Q4 FY2022 Dec 31, 2022 10-K ↗	Q3 FY2022 Sep 30, 2022 10-Q ↗	Q2 FY2022 Jun 30, 2022 10-Q ↗	Q1 FY2022 Mar 31, 2022 10-Q ↗	Q4 FY2021 Dec 31, 2021 10-K ↗	Q3 FY2021 Sep 30, 2021 10-Q ↗	Q2 FY2021 Jun 30, 2021 10-Q ↗	Q1 FY2021 Dec 31, 2020 10-Q ↗	Q4 FY2020 Dec 31, 2020 10-K ↗	Q4 FY2019 Dec 31, 2019 10-K ↗
Debt to Equity (x)	1.17x Caution ↑ Caution Improving Total debt relative to shareholder equity Optimal: < 0.6x	1.08x Caution → Caution Stable Total debt relative to shareholder equity Optimal: < 0.6x	1.13x 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	1.15x Caution → Caution Stable Total debt relative to shareholder equity Optimal: < 0.6x	1.18x Caution → Caution Stable Total debt relative to shareholder equity Optimal: < 0.6x	1.17x 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	1.14x Caution → Caution Stable Total debt relative to shareholder equity Optimal: < 0.6x	1.19x Caution ↑ Caution Improving Total debt relative to shareholder equity Optimal: < 0.6x	1.09x Caution → Caution Stable Total debt relative to shareholder equity Optimal: < 0.6x	1.11x Caution → Caution Stable Total debt relative to shareholder equity Optimal: < 0.6x	1.15x 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)	$1.77B	$1.72B	$1.75B	$1.69B	$1.80B	$1.87B	$1.84B	$1.68B	$1.77B	$1.76B	$1.59B	$1.60B	$1.54B	—	$1.43B	—	—	—	—	—	—	—	—

📊 What does each share earn? 5 metrics

Metric	Q1 FY2026 Mar 31, 2026 10-Q ↗	Q4 FY2025 Dec 31, 2025 10-K ↗	Q3 FY2025 Sep 30, 2025 10-Q ↗	Q2 FY2025 Jun 30, 2025 10-Q ↗	Q1 FY2025 Mar 31, 2025 10-Q ↗	Q4 FY2024 Dec 31, 2024 10-K ↗	Q3 FY2024 Sep 30, 2024 10-Q ↗	Q2 FY2024 Jun 30, 2024 10-Q ↗	Q1 FY2024 Mar 31, 2024 10-Q ↗	Q4 FY2023 Dec 31, 2023 10-K ↗	Q3 FY2023 Sep 30, 2023 10-Q ↗	Q2 FY2023 Jun 30, 2023 10-Q ↗	Q1 FY2023 Mar 31, 2023 10-Q ↗	Q4 FY2022 Dec 31, 2022 10-K ↗	Q3 FY2022 Sep 30, 2022 10-Q ↗	Q2 FY2022 Jun 30, 2022 10-Q ↗	Q1 FY2022 Mar 31, 2022 10-Q ↗	Q4 FY2021 Dec 31, 2021 10-K ↗	Q3 FY2021 Sep 30, 2021 10-Q ↗	Q2 FY2021 Jun 30, 2021 10-Q ↗	Q1 FY2021 Dec 31, 2020 10-Q ↗	Q4 FY2020 Dec 31, 2020 10-K ↗	Q4 FY2019 Dec 31, 2019 10-K ↗
Basic EPS, GAAP (USD)	$-0.27	$0.31	$0.47	$0.63	$0.39	$0.55	$0.44	$0.51	$0.53	—	$0.74	$0.63	$0.65	$0.58	$0.43	$-0.18	$0.54	$0.56	$0.75	—	—	—	—
Free Cash Flow per Share (USD)	$-0.25	—	$-0.17	$2.06	$1.60	—	—	—	$-0.74	—	—	—	$-0.90	—	—	$-1.52	$1.07	—	—	—	—	—	—
Book Value per Share (USD)	$16.24	$16.98	$17.14	$17.17	$17.04	$17.16	$17.12	$17.19	$17.17	$17.04	$16.97	$16.74	$16.59	—	$16.36	$16.28	$16.90	—	$17.19	—	—	—	—
Tangible Book Value per Share (USD)	$16.24	$16.98	$17.14	$17.17	$17.04	$17.16	$17.12	$17.19	$17.17	$17.04	$16.97	$16.74	$16.59	—	$16.36	$16.28	$16.90	—	$17.19	—	—	—	—
Basic Weighted Avg Shares (shares)	94.71M	—	94.25M	93.97M	93.67M	—	93.02M	92.73M	89.03M	—	87.25M	84.22M	81.40M	—	79.48M	76.27M	75.97M	—	72.81M	—	—	—	—

🏦 How resilient is the balance sheet? 2 metrics

Metric	Q1 FY2026 Mar 31, 2026 10-Q ↗	Q4 FY2025 Dec 31, 2025 10-K ↗	Q3 FY2025 Sep 30, 2025 10-Q ↗	Q2 FY2025 Jun 30, 2025 10-Q ↗	Q1 FY2025 Mar 31, 2025 10-Q ↗	Q4 FY2024 Dec 31, 2024 10-K ↗	Q3 FY2024 Sep 30, 2024 10-Q ↗	Q2 FY2024 Jun 30, 2024 10-Q ↗	Q1 FY2024 Mar 31, 2024 10-Q ↗	Q4 FY2023 Dec 31, 2023 10-K ↗	Q3 FY2023 Sep 30, 2023 10-Q ↗	Q2 FY2023 Jun 30, 2023 10-Q ↗	Q1 FY2023 Mar 31, 2023 10-Q ↗	Q4 FY2022 Dec 31, 2022 10-K ↗	Q3 FY2022 Sep 30, 2022 10-Q ↗	Q2 FY2022 Jun 30, 2022 10-Q ↗	Q1 FY2022 Mar 31, 2022 10-Q ↗	Q4 FY2021 Dec 31, 2021 10-K ↗	Q3 FY2021 Sep 30, 2021 10-Q ↗	Q2 FY2021 Jun 30, 2021 10-Q ↗	Q1 FY2021 Dec 31, 2020 10-Q ↗	Q4 FY2020 Dec 31, 2020 10-K ↗	Q4 FY2019 Dec 31, 2019 10-K ↗
LT Debt (USD)	$1.80B	$1.74B	$1.83B	$1.73B	$1.84B	$1.90B	$1.87B	$1.71B	$1.80B	$1.78B	$1.62B	$1.62B	$1.56B	—	$1.46B	—	—	—	—	—	—	—	—
Total Equity (USD)	$1.54B	$1.61B	$1.62B	$1.62B	$1.60B	$1.61B	$1.60B	$1.60B	$1.58B	$1.50B	$1.49B	$1.46B	$1.36B	$1.34B	$1.33B	$1.24B	$1.28B	$1.28B	$1.25B	$1.22B	$1.16B	$1.16B	$1.12B

📋 What is driving earnings? 2 metrics

Metric	Q1 FY2026 Mar 31, 2026 10-Q ↗	Q4 FY2025 Dec 31, 2025 10-K ↗	Q3 FY2025 Sep 30, 2025 10-Q ↗	Q2 FY2025 Jun 30, 2025 10-Q ↗	Q1 FY2025 Mar 31, 2025 10-Q ↗	Q4 FY2024 Dec 31, 2024 10-K ↗	Q3 FY2024 Sep 30, 2024 10-Q ↗	Q2 FY2024 Jun 30, 2024 10-Q ↗	Q1 FY2024 Mar 31, 2024 10-Q ↗	Q4 FY2023 Dec 31, 2023 10-K ↗	Q3 FY2023 Sep 30, 2023 10-Q ↗	Q2 FY2023 Jun 30, 2023 10-Q ↗	Q1 FY2023 Mar 31, 2023 10-Q ↗	Q4 FY2022 Dec 31, 2022 10-K ↗	Q3 FY2022 Sep 30, 2022 10-Q ↗	Q2 FY2022 Jun 30, 2022 10-Q ↗	Q1 FY2022 Mar 31, 2022 10-Q ↗	Q4 FY2021 Dec 31, 2021 10-K ↗	Q3 FY2021 Sep 30, 2021 10-Q ↗	Q2 FY2021 Jun 30, 2021 10-Q ↗	Q1 FY2021 Dec 31, 2020 10-Q ↗	Q4 FY2020 Dec 31, 2020 10-K ↗	Q4 FY2019 Dec 31, 2019 10-K ↗
Net Income, GAAP (USD)	$-26.02M	$29.96M	$44.60M	$59.00M	$36.95M	$50.99M	$40.66M	$47.40M	$47.52M	—	$64.82M	$53.09M	$52.95M	—	$34.43M	$-13.53M	$40.88M	—	$54.96M	—	—	—	—
Operating Cash Flow (USD)	$-23.35M	$74.09M	$-15.63M	$193.20M	$149.92M	$-30.73M	—	—	$-65.54M	—	—	—	$-73.50M	$54.29M	—	$-115.88M	$81.15M	$-73.46M	—	—	—	—	—

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Synced 1 week ago 7 years · 23 quarters

Sixth Street Specialty Lending, Inc.

Analytical Summary

23-Year Financial Trajectory

Health Breakdown

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