Sixth Street Specialty Lending, Inc. TSLX FINANCIAL
Company Overview
Sixth Street Specialty Lending, Inc. (NYSE: TSLX) is a business development company. The fund provides senior secured loans (first-lien, second-lien, and unitranche), unsecured loans, mezzanine debt, and investments in corporate bonds and equity securities and structured products, non-control structured equity, and common equity with a focus on co-investments for organic growth, acquisitions, market or product expansion, restructuring initiatives, recapitalizations, growth capital, buyout, and refinancing. The fund invests in business services, software & technology, healthcare, energy, consumer & retail, manufacturing, industrials, royalty related businesses, education, and specialty finance. The fund seeks to finance and lending to middle market companies principally located in the United States. The fund invests in companies with enterprise value between $50 million and $1000 million or more and EBITDA between $10 million and $250 million. The debt transaction size is between $15 million and $350 million. The fund invests across the spectrum of the capital structure and can arrange syndicated transactions of up to $500 million and hold sizeable positions within its credits.
Why Investors Should Care
Revenue has grown at a 16.6% CAGR over the past five years.
Maintains a net profit margin of 21.8%.
Offers a dividend yield of 9.24%.
Generates positive free cash flow, funding growth and shareholder returns internally.
Recent Developments
- Dec 2025 Revenue of $216.57M (-14.4% YoY); net profit $170.52M.
- Trailing 12 Months Year-on-year growth — revenue -14.9%, earnings -32.1%.
- 5-Year Trend Long-term compounding — revenue CAGR 16.6%, profit CAGR -1.1%.
Growth & Price Performance
Compounded Sales Growth
| 5 Years: | 16.64% |
| 1 Year: | -14.90% |
Compounded Profit Growth
| 5 Years: | -1.08% |
| 1 Year: | -32.10% |
Stock Price Performance
| 1 Year: | -18.42% |
| 6 Months: | +3.26% |
| 3 Months: | +7.87% |
| 1 Month: | -5.55% |
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-DMABelow
- RSI (14)43.71 · Neutral
P/E of 19.19 is above the sector median of 12.89 — 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 21.8%.
- Compounding revenue at 16.6% over 5 years.
- Attractive dividend yield of 9.24%.
- Generates positive free cash flow.
CONS
- Earnings shrank at -1.1% CAGR over 5 years.
- In a downtrend (50-DMA below 200-DMA).
* 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 | TSLX Sixth Street Specialty Lending, Inc. FINANCIAL | 18.04 | 19.19 | $1.72B | 9.24% | - | 5.62% | 16.64% | -1.08% |
| 2 | JPM JPMorgan Chase & Co. SPXR3KFINANCIAL | 353.51 | 15.15 | $939.70B | 1.72% | - | 17.79% | 12.50% | 14.83% |
| 3 | BRK-B Berkshire Hathaway Inc. SPXFINANCIAL | 505.83 | 12.72 | $712.23B | 0.00% | - | 12.12% | 4.18% | 9.44% |
| 4 | V Visa Inc. SPXR3KFINANCIAL | 368.64 | 31.35 | $628.20B | 0.72% | 37.15% | 61.19% | 14.33% | 13.04% |
| 5 | MA Mastercard Incorporated SPXR3KFINANCIAL | 570.89 | 31.44 | $496.37B | 0.62% | 60.19% | - | 12.29% | 19.21% |
| 6 | BAC Bank of America Corporation SPXR3KFINANCIAL | 62.39 | 14.41 | $436.28B | 2.04% | - | 11.20% | 3.14% | 4.27% |
| 7 | BRK-A Berkshire Hathaway Inc. FINANCIAL | 757,791.00 | 12.71 | $370.14B | 0.00% | - | 12.12% | 7.60% | 10.02% |
| 8 | HSBC HSBC Holdings plc FINANCIAL | 106.26 | 15.18 | $363.70B | 3.65% | - | 13.10% | 9.75% | 12.72% |
| 9 | MS Morgan Stanley SPXR3KFINANCIAL | 216.24 | 17.48 | $339.62B | 2.26% | - | 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 | - | - | - | - | - | - | - | - | - | - | 47.24M | 71.23M | 57.26M | 40.85M | -17.41M | - |
| Cost of Revenue | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Gross Profit | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Operating Expenses | - | - | - | - | - | - | - | - | - | - | 8.93M | 10.93M | 10.95M | 9.50M | 7.41M | - |
| Operating Income | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| EBITDA | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Interest Expense | - | - | - | - | - | - | - | - | - | - | 27.18M | 26.50M | 23.88M | 25.29M | 23.89M | - |
| Pretax Income | - | - | - | - | - | - | - | - | - | - | 38.30M | 60.29M | 46.31M | 31.35M | -24.82M | - |
| Tax Provision | - | - | - | - | - | - | - | - | - | - | 1.35M | 1.29M | 1.71M | 1.39M | 1.20M | - |
| Net Income | - | - | - | - | - | - | - | 47.52M | 47.40M | 40.66M | 36.95M | 59.00M | 44.60M | 29.96M | -26.02M | 40.51M |
| Diluted EPS | 0.70 | 0.51 | -0.15 | 0.43 | 0.65 | 0.63 | 0.74 | 0.53 | 0.51 | 0.44 | 0.39 | 0.63 | 0.47 | - | -0.27 | 0.43 |
Profit & Loss (Annual)
Figures in USD.
| Metric | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|---|
| Revenue | - | - | 136.49M | 273.41M | 252.97M | 216.57M |
| Cost of Revenue | - | - | - | - | - | - |
| Gross Profit | - | - | - | - | - | - |
| Operating Expenses | - | - | 25.26M | 49.57M | 59.85M | 40.31M |
| Operating Income | - | - | - | - | - | - |
| EBITDA | - | - | - | - | - | - |
| Interest Expense | - | - | 50.66M | 96.39M | 106.77M | 102.85M |
| Pretax Income | - | - | 111.24M | 223.83M | 193.12M | 176.26M |
| Tax Provision | - | - | 3.18M | 1.81M | 6.55M | 5.74M |
| Net Income | 178.11M | - | 108.05M | 222.02M | 186.57M | 170.52M |
| Diluted EPS | 2.65 | - | 1.38 | 2.61 | 2.03 | 1.81 |
Balance Sheet (Annual)
Figures in USD.
| Metric | Dec 2019 | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|---|---|
| Total Assets | - | - | - | 2.84B | 3.34B | 3.58B | 3.42B |
| Current Assets | - | - | - | - | - | - | - |
| Cash & Equivalents | - | - | - | 10.21M | 1.22M | 4.97M | 2.94M |
| Inventory | - | - | - | - | - | - | - |
| Receivables | - | - | - | 18.85M | 27.97M | 30.52M | 34.13M |
| Total Liabilities | - | - | - | 1.50B | 1.85B | 1.97B | 1.81B |
| Current Liabilities | - | - | - | - | - | - | - |
| Long Term Debt | - | - | - | - | - | - | - |
| Total Debt | - | - | - | 1.44B | 1.78B | 1.90B | 1.74B |
| Total Equity | 1.12B | 1.16B | - | 1.34B | 1.50B | 1.61B | 1.61B |
| Shares Outstanding | - | - | - | 82.05M | 88.49M | 94.33M | 95.37M |
Cash Flows (Annual)
Figures in USD.
| Metric | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|---|
| Operating Cash Flow | 145.07M | - | -224.53M | -236.79M | -45.49M | 401.58M |
| Investing Cash Flow | - | - | - | - | - | - |
| Financing Cash Flow | -145.94M | - | 234.21M | 236.34M | 47.62M | -409.24M |
| Capital Expenditure | - | - | - | - | - | - |
| Free Cash Flow | - | - | -224.53M | -236.79M | -45.49M | 401.58M |
| Net Change in Cash | - | - | 9.68M | -451.00K | 2.13M | -7.67M |
| Share Buybacks | 2.93M | - | 6.17M | - | - | - |
| Dividends Paid | 130.45M | 221.94M | 144.73M | 156.42M | 168.72M | 170.32M |
Ratios (Annual)
Figures in %.
| Metric | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|---|
| Gross Margin % | - | - | - | - | - | - |
| Operating Margin % | - | - | - | - | - | - |
| Net Margin % | - | - | 79.2% | 81.2% | 73.7% | 78.7% |
| ROE % | 15.3% | - | 8.1% | 14.8% | 11.6% | 10.6% |
| ROCE % | - | - | - | - | - | - |
Shareholding Pattern
Top Institutional Holders
| # | Holder | % Held | Shares | Value |
|---|---|---|---|---|
| 1 | STRS Ohio | 6.35% | 6.03M | $107.92M |
| 2 | Sixth Street Partners Management Company, L.P. | 2.86% | 2.71M | $48.58M |
| 3 | Sound Income Strategies, LLC | 2.85% | 2.71M | $48.44M |
| 4 | Progeny 3, Inc. | 2.61% | 2.48M | $44.33M |
| 5 | UBS Group AG | 2.50% | 2.37M | $42.48M |
| 6 | Van Eck Associates Corporation | 2.49% | 2.37M | $42.36M |
| 7 | OMERS Administration Corporation | 2.12% | 2.01M | $36.02M |
| 8 | Ares Management LLC | 1.48% | 1.40M | $25.15M |
| 9 | Allen Investment Management LLC | 1.44% | 1.37M | $24.50M |
| 10 | Wells Fargo & Company | 1.39% | 1.32M | $23.56M |
Analyst View
Analyst aggregate. Targets and ratings update periodically; not investment advice.
Latest News
Recent headlines for TSLX
BlackRock Inc. Purchases New Position in Sixth Street Specialty Lending, Inc. $TSLX - marketbeat.com
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Sixth Street Specialty Lending (TSLX) Stock Fair Value Moves Lower After Analyst Target Cuts - finance.yahoo.com
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TSLX — Frequently Asked Questions
What is the current share price of Sixth Street Specialty Lending, Inc. (TSLX)?
As of 2026-09-19 21:16 PDT, Sixth Street Specialty Lending, Inc. (TSLX) trades at $18.04 on NYSE. Its 52-week range is $16.20 to $22.58.
What is the market capitalisation of TSLX?
Sixth Street Specialty Lending, Inc. (TSLX) has a market capitalisation of $1.72B on NYSE.
What is the P/E ratio of TSLX?
TSLX trades at a trailing price-to-earnings (P/E) ratio of 19.19. The industry average P/E is 12.89. Its price-to-book (P/B) ratio is 1.10.
Does TSLX pay a dividend?
Sixth Street Specialty Lending, Inc. (TSLX) currently offers a dividend yield of 9.24%.
What is the return on equity (ROE) of TSLX?
TSLX has a return on equity (ROE) of 5.62%.
Is TSLX a good stock to buy?
This page provides a data-driven analysis of Sixth Street Specialty Lending, Inc. (TSLX), 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.