Blackstone Secured Lending Fund BXSL FINANCIAL
Company Overview
Blackstone Secured Lending Fund is business development company and a Delaware statutory trust formed on March 26, 2018, and structured as an externally managed, non-diversified closed-end investment Fund. On October 26, 2018, the fund elected to be regulated as a business development company (BDC) under the Investment Company Act of 1940, as amended (the 1940 Act). In addition, the Fund elected to be treated for U.S. federal income tax purposes, as a regulated investment company (RIC), as defined under Subchapter M of the Internal Revenue Code of 1986, as amended (the Code). The fund also intends to continue to comply with the requirements prescribed by the Code in order to maintain tax treatment as a RIC. The fund's investment objectives are to generate current income and, to a lesser extent, long-term capital appreciation. The Fund seeks to achieve its investment objective primarily through originated loans, equity and other securities, including syndicated loans, of private U.S. companies, specifically small and middle market companies, typically in the form of first lien senior secured and unitranche loans (including first out/last out loans), and to a lesser extent, second lien, third lien, unsecured and subordinated loans and other debt and equity securities.
Why Investors Should Care
Net profit has compounded at 11.7% per year over the last five years.
Revenue has grown at a 16.3% CAGR over the past five years.
Maintains a net profit margin of 21.5%.
Offers a dividend yield of 12.55%.
Generates positive free cash flow, funding growth and shareholder returns internally.
Recent Developments
- Dec 2025 Revenue of $607.89M (-16.9% YoY); net profit $563.46M.
- Trailing 12 Months Year-on-year growth — revenue -7.1%, earnings -94.1%.
- 5-Year Trend Long-term compounding — revenue CAGR 16.3%, profit CAGR 11.7%.
Growth & Price Performance
Compounded Sales Growth
| 5 Years: | 16.28% |
| 1 Year: | -7.10% |
Compounded Profit Growth
| 5 Years: | 11.68% |
| 1 Year: | -94.10% |
Stock Price Performance
| 1 Year: | -7.35% |
| 6 Months: | +10.71% |
| 3 Months: | +8.27% |
| 1 Month: | +2.36% |
Highlights auto-generated from reported financials and price data; not investment advice. Verify with official filings before acting.
- Price vs 50-DMAAbove
- Price vs 200-DMAAbove
- Golden Cross8d ago
- RSI (14)56.07 · Neutral
P/E of 19.46 is above the sector median of 14.52 — pricier than peers.
Auto-generated from price history and fundamentals; not investment advice.
Price Chart
Technical Trend
Computed from daily close history using EMA cross, slope, and RSI signals.
Note: intraday data is not stored locally. “Hourly” uses the most recent 10 daily candles as a short-term proxy.
Fundamental Growth Charts
No fundamental data available for this stock.
Interactive charts for Revenue, Net Income, EBITDA, Free Cash Flow, EPS, ROE, ROCE, Gross/Net/Operating Margin and more — switch metric and period using the dropdowns above. CAGR is computed across the displayed window (quarterly CAGR is annualised). Visual growth charts make it easy to spot multi-year compounding trends at a glance — far faster than reading raw numbers in a table.
PROS
- Excellent profit margin of 21.5%.
- Compounding revenue at 16.3% over 5 years.
- Profit CAGR of 11.7% over 5 years.
- Attractive dividend yield of 12.55%.
- Generates positive free cash flow.
- In a confirmed uptrend (50-DMA above 200-DMA).
CONS
No notable concerns flagged.
* The pros and cons are auto-generated from financial metrics.
Valuation
Growth (CAGR)
Profitability & Returns
Balance Sheet & Liquidity
Ownership
Financial Snapshot
Peer comparison
Peer companies in the same sector (Financial Services).
| # | Name | CMP $ | P/E | Mkt Cap | Div Yld % | ROCE % | ROE % | Rev CAGR 5Y % | Profit CAGR 5Y % |
|---|---|---|---|---|---|---|---|---|---|
| 1 | BXSL Blackstone Secured Lending Fund FINANCIAL | 24.72 | 19.46 | $5.76B | 12.55% | - | 4.80% | 16.28% | 11.68% |
| 2 | JPM JPMorgan Chase & Co. SPXR3KFINANCIAL | 358.64 | 15.37 | $953.34B | 1.68% | - | 17.79% | 12.50% | 14.83% |
| 3 | BRK-B Berkshire Hathaway Inc. SPXFINANCIAL | 506.03 | 15.07 | $707.59B | 0.00% | - | 10.50% | 4.18% | 9.44% |
| 4 | V Visa Inc. SPXR3KFINANCIAL | 374.00 | 31.86 | $637.34B | 0.72% | 37.15% | 61.19% | 14.33% | 13.04% |
| 5 | MA Mastercard Incorporated SPXR3KFINANCIAL | 579.21 | 31.82 | $503.60B | 0.60% | 60.19% | - | 12.29% | 19.21% |
| 6 | BAC Bank of America Corporation SPXR3KFINANCIAL | 62.68 | 14.48 | $438.31B | 2.03% | - | 11.20% | 3.14% | 4.27% |
| 7 | BRK-A Berkshire Hathaway Inc. FINANCIAL | 759,350.00 | 15.07 | $384.00B | 0.00% | - | 10.50% | 7.60% | 10.02% |
| 8 | HSBC HSBC Holdings plc FINANCIAL | 107.11 | 15.30 | $367.34B | 3.62% | - | 13.10% | 9.75% | 12.72% |
| 9 | MS Morgan Stanley SPXR3KFINANCIAL | 217.72 | 17.59 | $342.26B | 2.15% | - | 17.97% | 3.76% | 9.66% |
Financial Statements Quarterly Results · Profit & Loss · Balance Sheet · Cash Flows · Ratios
Quarterly Results
Figures in USD.
| Metric | Sep 2021 | Mar 2022 | Jun 2022 | Sep 2022 | Mar 2023 | Jun 2023 | Sep 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | - | - | - | - | - | - | - | - | - | - | - | 170.05M | 148.05M | 126.13M | 40.52M | 26.71M |
| Cost of Revenue | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Gross Profit | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Operating Expenses | - | - | - | - | - | - | - | - | - | - | - | 11.21M | 11.38M | -3.94M | 11.18M | 12.80M |
| Operating Income | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| EBITDA | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Interest Expense | - | - | - | - | - | - | - | - | - | - | - | 84.57M | 86.95M | 109.52M | 93.28M | 91.29M |
| Pretax Income | - | - | - | - | - | - | - | - | - | - | - | 158.84M | 136.67M | 130.07M | 29.34M | 13.90M |
| Tax Provision | - | - | - | - | - | - | - | - | - | - | - | 3.80M | 4.23M | 3.90M | 4.09M | 4.42M |
| Net Income | 110.01M | 107.24M | 79.59M | 95.95M | 138.80M | 144.85M | 171.00M | 183.75M | 196.19M | 151.66M | - | 155.04M | 132.44M | 126.17M | 25.25M | 9.49M |
| Diluted EPS | 0.74 | 0.63 | 0.47 | 0.58 | 0.86 | 0.90 | 1.01 | 0.96 | 1.01 | 0.75 | 0.66 | 0.68 | 0.57 | - | 0.11 | 0.04 |
Profit & Loss (Annual)
Figures in USD.
| Metric | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|---|
| Revenue | - | - | 386.65M | 618.74M | 731.26M | 607.89M |
| Cost of Revenue | - | - | - | - | - | - |
| Gross Profit | - | - | - | - | - | - |
| Operating Expenses | - | - | -19.29M | -10.01M | 22.64M | 28.34M |
| Operating Income | - | - | - | - | - | - |
| EBITDA | - | - | - | - | - | - |
| Interest Expense | - | - | 197.44M | 255.98M | 316.28M | 368.68M |
| Pretax Income | - | - | 405.94M | 628.75M | 708.62M | 579.56M |
| Tax Provision | - | - | 1.39M | 16.80M | 14.52M | 16.10M |
| Net Income | 218.64M | 460.42M | 404.56M | 611.95M | 694.10M | 563.46M |
| Diluted EPS | 2.29 | 3.19 | 2.44 | 3.65 | 3.45 | 2.46 |
Balance Sheet (Annual)
Figures in USD.
| Metric | Dec 2018 | Dec 2019 | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|---|---|---|
| Total Assets | - | - | - | 10.18B | 9.91B | 10.13B | 13.47B | 14.66B |
| Current Assets | - | - | - | - | - | - | - | - |
| Cash & Equivalents | - | - | - | 102.88M | 131.27M | 154.86M | 229.61M | 289.61M |
| Inventory | - | - | - | - | - | - | - | - |
| Receivables | - | - | - | - | 147.14M | 94.87M | 124.24M | 120.18M |
| Total Liabilities | - | - | - | 5.73B | 5.75B | 5.18B | 7.40B | 8.41B |
| Current Liabilities | - | - | - | - | - | - | - | - |
| Long Term Debt | - | - | - | 5.50B | - | - | - | - |
| Total Debt | - | - | - | - | 5.53B | 4.91B | 7.06B | 8.08B |
| Total Equity | 236.37M | 1.67B | 3.27B | 4.45B | 4.16B | 4.95B | 6.08B | 6.25B |
| Shares Outstanding | - | - | - | - | 160.36M | 185.78M | 221.89M | 231.97M |
Cash Flows (Annual)
Figures in USD.
| Metric | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|---|
| Operating Cash Flow | -2.32B | - | 672.95M | 458.81M | -2.53B | -458.66M |
| Investing Cash Flow | - | - | - | - | - | - |
| Financing Cash Flow | 2.47B | - | -648.18M | -432.16M | 2.60B | 530.61M |
| Capital Expenditure | - | - | - | - | - | - |
| Free Cash Flow | - | - | 672.95M | 458.81M | -2.53B | -458.66M |
| Net Change in Cash | - | - | 24.77M | 26.65M | 75.81M | 71.95M |
| Share Buybacks | 0 | 0 | 263.02M | 0 | 0 | - |
| Dividends Paid | 145.12M | 253.78M | 423.44M | 437.97M | 583.35M | 677.98M |
Ratios (Annual)
Figures in %.
| Metric | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|---|
| Gross Margin % | - | - | - | - | - | - |
| Operating Margin % | - | - | - | - | - | - |
| Net Margin % | - | - | 104.6% | 98.9% | 94.9% | 92.7% |
| ROE % | 6.7% | 10.4% | 9.7% | 12.4% | 11.4% | 9.0% |
| ROCE % | - | - | - | - | - | - |
Shareholding Pattern
Top Institutional Holders
| # | Holder | % Held | Shares | Value |
|---|---|---|---|---|
| 1 | Morgan Stanley | 2.73% | 6.36M | $157.38M |
| 2 | Bank of America Corporation | 2.42% | 5.63M | $139.44M |
| 3 | UBS Group AG | 2.20% | 5.13M | $126.87M |
| 4 | Van Eck Associates Corporation | 1.79% | 4.16M | $103.00M |
| 5 | STRS Ohio | 1.72% | 4.00M | $99.00M |
| 6 | Ensign Peak Advisors, Inc | 1.41% | 3.30M | $81.55M |
| 7 | Blackstone Inc | 1.38% | 3.21M | $79.36M |
| 8 | Nomura Asset Management Company Limited | 1.35% | 3.15M | $78.07M |
| 9 | Generali Asset Management Spa Sgr | 1.12% | 2.60M | $64.41M |
| 10 | Corient Private Wealth LP | 1.08% | 2.53M | $62.51M |
Analyst View
Analyst aggregate. Targets and ratings update periodically; not investment advice.
Latest News
Recent headlines for BXSL
Blackstone Secured Lending Fund (BXSL) Stock Fair Value Moves Lower After Analyst Target Cuts - Yahoo Finance
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BXSL reports $9 million second quarter 2026 net income | BXSL Stock News - quiverquant.com
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Blackstone Secured Lending: I'm Nervous About The Rise In Non-Accruals (NYSE:BXSL) - Seeking Alpha
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BXSL - Blackstone Secured Lending Fund Stock Price and Quote - Finviz
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A $0.77 payout and 11.7% yield: Blackstone lender posts Q1 - Stock Titan
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Blackstone Secured Lending Fund (BXSL) Q2 Earnings: Taking a Look at Key Metrics Versus Estimates - Yahoo Finance
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BXSL — Frequently Asked Questions
What is the current share price of Blackstone Secured Lending Fund (BXSL)?
As of 2026-09-07 16:24 PDT, Blackstone Secured Lending Fund (BXSL) trades at $24.72 on NYSE. Its 52-week range is $22.04 to $26.68.
What is the market capitalisation of BXSL?
Blackstone Secured Lending Fund (BXSL) has a market capitalisation of $5.76B on NYSE.
What is the P/E ratio of BXSL?
BXSL trades at a trailing price-to-earnings (P/E) ratio of 19.46. The industry average P/E is 14.52. Its price-to-book (P/B) ratio is 0.96.
Does BXSL pay a dividend?
Blackstone Secured Lending Fund (BXSL) currently offers a dividend yield of 12.55%.
What is the return on equity (ROE) of BXSL?
BXSL has a return on equity (ROE) of 4.80%.
Is BXSL a good stock to buy?
This page provides a data-driven analysis of Blackstone Secured Lending Fund (BXSL), including valuation ratios, profitability, growth trends, auto-generated pros and cons, peer comparison and AI exposure. Review these fundamentals alongside your own research and risk tolerance. This is informational content, not investment advice.