TSLX vs OBDC

For growth investors, Blue Owl Capital Corporation (OBDC) is the stronger pick with 52.

6% revenue growth year-over-year, versus 0. 1% for Sixth Street Specialty Lending, Inc. (TSLX). Blue Owl Capital Corporation (OBDC) offers the better valuation at 9. 2x trailing P/E (8. 3x forward), making it the more compelling value choice. Analysts rate Sixth Street Specialty Lending, Inc. (TSLX) a "Buy" — based on 17 analyst ratings — the highest consensus in this comparison. The "better buy" depends entirely on your goals: growth investors should weight revenue trajectory, value investors should weight P/E and PEG, and income investors should weight dividend yield and streak.

On trailing P/E, Blue Owl Capital Corporation (OBDC) is the cheapest at 9.

2x versus Sixth Street Specialty Lending, Inc. at 9. 9x. On forward P/E, Blue Owl Capital Corporation is actually cheaper at 8. 3x.

Over the past 5 years, Blue Owl Capital Corporation (OBDC) delivered a total return of +32.

9%, compared to +28. 7% for Sixth Street Specialty Lending, Inc. (TSLX). Over 10 years, the gap is even starker: TSLX returned +142. 2% versus OBDC's +41. 1%. Past returns do not guarantee future results, and the stock with the higher historical return may already have its best growth priced in.

By beta (market sensitivity over 5 years), Sixth Street Specialty Lending, Inc.

(TSLX) is the lower-risk stock at 0. 63β versus Blue Owl Capital Corporation's 0. 84β — meaning OBDC is approximately 33% more volatile than TSLX relative to the S&P 500. On balance sheet safety, Sixth Street Specialty Lending, Inc. (TSLX) carries a lower debt/equity ratio of 108% versus 126% for Blue Owl Capital Corporation — giving it more financial flexibility in a downturn.

By revenue growth (latest reported year), Blue Owl Capital Corporation (OBDC) is pulling ahead at 52.

6% versus 0. 1% for Sixth Street Specialty Lending, Inc. (TSLX). On earnings-per-share growth, the picture is similar: Sixth Street Specialty Lending, Inc. grew EPS -10. 8% year-over-year, compared to -19. 0% for Blue Owl Capital Corporation. Higher growth typically commands a higher valuation multiple — check whether the premium P/E or P/S is justified by the growth rate using the PEG ratio.

Sixth Street Specialty Lending, Inc.

(TSLX) is the more profitable company, earning 47. 3% net margin versus 37. 4% for Blue Owl Capital Corporation — meaning it keeps 47. 3% of every revenue dollar as bottom-line profit. Operating margin tells a similar story: OBDC leads at 73. 2% versus 53. 5% for TSLX. At the gross margin level — before operating expenses — OBDC leads at 75. 3%, reflecting greater pricing power or product mix advantage. Stronger margins indicate durable pricing power, lower cost of revenue, or higher mix of software/services. They are one of the clearest signs of business quality.

On forward earnings alone, Blue Owl Capital Corporation (OBDC) trades at 8.

3x forward P/E versus 9. 1x for Sixth Street Specialty Lending, Inc. — 0. 8x cheaper on a one-year earnings basis. Analyst consensus price targets imply the most upside for OBDC: 27. 1% to $14. 50.

All stocks in this comparison pay dividends.

Blue Owl Capital Corporation (OBDC) offers the highest yield at 13. 0%, versus 10. 1% for Sixth Street Specialty Lending, Inc. (TSLX).

For long-horizon retirement investors, Sixth Street Specialty Lending, Inc.

(TSLX) is the stronger choice — it scores higher on the combination of lower volatility, dividend reliability, and long-term compounding (low volatility (β 0. 63), 10. 1% yield, +142. 2% 10Y return). Both have compounded well over 10 years (TSLX: +142. 2%, OBDC: +41. 1%), confirming both are viable long-term holds — but the lower-volatility option typically results in less emotional selling during corrections. Retirement portfolios generally favour predictability over maximum returns. Consult a financial advisor before making allocation decisions.

Both stocks operate in the Financial Services sector, making this a peer-level intra-sector comparison — the same macro tailwinds and headwinds will affect both.

In terms of investment character: TSLX is a small-cap deep-value stock; OBDC is a small-cap high-growth stock. These fundamental differences mean investors should not choose between them on a single metric — the "better stock" depends entirely on which of these characteristics aligns with your investment strategy.