8-K Announcements
6May 11, 2026·SEC
Apr 15, 2026·SEC
Feb 24, 2026·SEC
Carlyle Secured Lending, Inc. (CGBD) fundamental analysis — strengths, weaknesses & financial health based on data analysis
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Carlyle Secured Lending, Inc. (CGBD) stock price & volume — 10-year historical chart
Carlyle Secured Lending, Inc. (CGBD) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR
Carlyle Secured Lending, Inc. (CGBD) EPS & revenue vs analyst estimates — last 4 quarters
| Quarter | Date | EPS (Act vs Est) | Revenue (Act vs Est) |
|---|---|---|---|
| Q2 2026Latest | May 11, 2026 | $0.36vs $0.35+2.9% | $64Mvs $66M-2.6% |
| Q1 2026 | Feb 24, 2026 | $0.33vs $0.38-13.2% | $67Mvs $67M+0.4% |
| Q4 2025 | Nov 4, 2025 | $0.38vs $0.39-2.6% | $49Mvs $67M-27.4% |
| Q3 2025 | Aug 5, 2025 | $0.39vs $0.39+0.0% | $64Mvs $67M-3.4% |
Carlyle Secured Lending, Inc. (CGBD) competitors in Private credit and BDC lenders — business model, growth, and fundamentals comparison
Carlyle Secured Lending, Inc. (CGBD) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
Carlyle Secured Lending, Inc. (CGBD) annual income statement — 10-year revenue, gross profit & net income history
| Metric | Dec'17 | Dec'18 | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|
Net Interest Income | 121.27M | 145.34M | 147.63M | 114.1M | 104.03M | 124.86M | 131.81M | 103.1M | 117.5M | 148.09M |
NII Growth % | 40.68% | 19.85% | 1.58% | -22.72% | -8.83% | 20.03% | 5.56% | -21.78% | 13.97% | 122.68% |
Net Interest Margin % | 6% | 6.97% | 6.75% | 5.93% | 5.12% | 6.12% | 6.79% | 5.35% | 4.21% | 5.79% |
Interest Income | 145.78M | 183.14M | 198.22M | 149.92M | 134.78M | 168.82M | 203.52M | 171.58M | 205.59M | 239.34M |
Interest Expense | 24.51M | 37.8M | 50.59M | 35.82M | 30.75M | 43.96M | 71.71M | 68.48M | 88.09M | 91.25M |
Loan Loss Provision | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -30.52M | -37.68M |
Non-Interest Income | -35.06M | -97.56M | -77.44M | -96.98M | 63.94M | -30.19M | -30.72M | -3.82M | -7.8M | -22.23M |
Non-Interest Income % | -31.67% | -114.01% | -64.12% | -183.2% | 32.18% | -21.78% | -17.78% | -2.28% | -3.94% | -10.24% |
Total Revenue | 110.71M▲ 0% | 85.58M▼ 22.7% | 120.78M▲ 41.1% | 52.94M▼ 56.2% | 198.72M▲ 275.4% | 138.63M▼ 30.2% | 172.8M▲ 24.6% | 167.76M▼ 2.9% | 197.79M▲ 17.9% | 217.11M▲ 0% |
Revenue Growth % | 26.22% | -22.7% | 41.13% | -56.17% | 275.38% | -30.24% | 24.64% | -2.92% | 17.9% | 166% |
Non-Interest Expense | 1.74M | 8.43M | 8.45M | 9.71M | 6.83M | 7.21M | 6.37M | 7.56M | -30.23M | 65.85M |
Efficiency Ratio | 1.57% | 9.85% | 7% | 18.35% | 3.44% | 5.2% | 3.69% | 4.51% | -15.28% | 30.33% |
Operating Income | 84.46M▲ 0% | 39.34M▼ 53.4% | 61.73M▲ 56.9% | 7.4M▼ 88.0% | 161.13M▲ 2076.9% | 87.47M▼ 45.7% | 94.72M▲ 8.3% | 91.72M▼ 3.2% | 170.46M▲ 85.9% | 97.69M▲ 0% |
Operating Margin % | 76.29% | 45.98% | 51.11% | 13.98% | 81.09% | 63.09% | 54.81% | 54.67% | 86.18% | 44.99% |
Operating Income Growth % | 20.86% | -53.42% | 56.9% | -88.01% | 2076.91% | -45.72% | 8.29% | -3.17% | 85.85% | - |
Pretax Income | 84.46M▲ 0% | 39.34M▼ 53.4% | 61.73M▲ 56.9% | 7.4M▼ 88.0% | 161.13M▲ 2076.9% | 87.47M▼ 45.7% | 94.72M▲ 8.3% | 91.72M▼ 3.2% | 71.88M▼ 21.6% | 53.37M▲ 0% |
Pretax Margin % | 76.29% | 45.98% | 51.11% | 13.98% | 81.09% | 63.09% | 54.81% | 54.67% | 36.34% | 24.58% |
Income Tax | 264K | 230K | 404K | 573K | 782K | 1.83M | 2.44M | 2.74M | 1.91M | 1.67M |
Effective Tax Rate % | 0.31% | 0.58% | 0.65% | 7.74% | 0.49% | 2.09% | 2.57% | 2.99% | 2.65% | 3.13% |
Net Income | 84.2M▲ 0% | 39.12M▼ 53.5% | 61.33M▲ 56.8% | 6.83M▼ 88.9% | 160.35M▲ 2248.1% | 85.64M▼ 46.6% | 92.28M▲ 7.8% | 88.98M▼ 3.6% | 69.97M▼ 21.4% | 51.7M▲ 0% |
Net Margin % | 76.05% | 45.71% | 50.78% | 12.9% | 80.69% | 61.77% | 53.4% | 53.04% | 35.38% | 23.81% |
Net Income Growth % | 20.61% | -53.55% | 56.79% | -88.87% | 2248.12% | -46.59% | 7.76% | -3.58% | -21.36% | -29.92% |
Net Income (Continuing) | 84.2M | 39.12M | 61.33M | 6.83M | 160.35M | 85.64M | 92.28M | 88.98M | 69.97M | 51.7M |
EPS (Diluted) | 1.59▲ 0% | 0.63▼ 60.4% | 1.02▲ 61.9% | 0.08▼ 92.1% | 2.69▲ 3233.3% | 1.49▼ 44.6% | 1.64▲ 10.1% | 1.58▼ 3.7% | 1.01▼ 36.1% | 0.73▲ 0% |
EPS Growth % | -21.67% | -60.38% | 61.9% | -92.09% | 3233.33% | -44.61% | 10.07% | -3.66% | -36.08% | -45.76% |
EPS (Basic) | 1.59 | 0.63 | 1.02 | 0.08 | 2.89 | 1.58 | 1.75 | 1.68 | 1.02 | - |
Diluted Shares Outstanding | 53M | 62.53M | 60.19M | 56.42M | 59.53M | 57.48M | 56.31M | 56.47M | 69.04M | 70.91M |
Carlyle Secured Lending, Inc. (CGBD) balance sheet — assets, liabilities & shareholders' equity
| Metric | Dec'17 | Dec'18 | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|
Cash & Short Term Investments | 32.04M | 87.19M | 36.75M | 52.23M | 22.99M | 16.09M | 60.45M | 29.67M | 45.02M | 194.43M |
Cash & Due from Banks | 32.04M | 87.19M | 36.75M | 52.23M | 22.99M | 16.09M | 60.45M | 29.67M | 45.02M | 68.46M |
Short Term Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Total Investments | 1.97B | 1.97B | 0 | 0 | 1.91B | 0 | 1.84B | 1.86M | 298K | 0 |
Investments Growth % | 38.29% | 0.24% | -100% | - | - | -100% | - | -99.9% | -84% | -184% |
Long-Term Investments | 1.97B | 1.97B | 0 | 0 | 1.91B | 0 | 1.84B | 1.86M | 298K | 2.42B |
Accounts Receivables | 0 | 0 | 22.47M | 24M | 0 | 25.55M | 0 | 57.84M | 0 | 0 |
Goodwill & Intangibles | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Goodwill | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Intangible Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
PP&E (Net) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Other Assets | -1.97B | -1.97B | 2.13B | 1.85B | -2.03B | 1.99B | 0 | 1.83B | 2.74B | 2.49B |
Total Current Assets | 18.11M | 21.32M | 59.54M | 77.05M | 113.75M | 47.41M | 102.33M | 93.68M | 45.02M | 68.46M |
Total Non-Current Assets | 2.02B | 2.08B | 2.13B | 1.85B | 1.91B | 1.99B | 1.84B | 1.83B | 2.75B | 2.49B |
Total Assets | 2.02B▲ 0% | 2.08B▲ 3.1% | 2.19B▲ 4.9% | 1.92B▼ 12.1% | 2.03B▲ 5.7% | 2.04B▲ 0.5% | 1.94B▼ 4.9% | 1.93B▼ 0.9% | 2.79B▲ 44.9% | 2.56B▲ 0% |
Asset Growth % | 35.65% | 3.13% | 4.93% | -12.11% | 5.66% | 0.51% | -4.85% | -0.85% | 44.87% | 124.52% |
Return on Assets (ROA) | 4.8% | 1.91% | 2.87% | 0.33% | 8.11% | 4.21% | 4.63% | 4.6% | 2.97% | 1.97% |
Accounts Payable | 45.3M | 44.87M | 38.52M | 23.14M | 23.5M | 29.48M | 30.91M | 35.11M | 69.36M | 38.09M |
Total Debt | 833.95M | 960.68M | 1.18B | 983.92M | 1.04B | 1.08B | 980.18M | 967.65M | 1.53B | 1.38B |
Net Debt | 801.91M | 873.49M | 1.14B | 931.69M | 1.02B | 1.06B | 919.74M | 937.98M | 1.49B | 1.32B |
Long-Term Debt | 833.95M | 960.68M | 1.18B | 983.92M | 1.04B | 1.08B | 980.18M | 967.65M | 1.53B | 1.38B |
Short-Term Debt | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Other Liabilities | -833.95M | -960.68M | 14.71M | 14.19M | -1.04B | 17.6M | 0 | 18.03M | 5.4M | 2.49M |
Total Current Liabilities | 45.3M | 44.87M | 38.52M | 23.14M | 23.5M | 29.48M | 46.97M | 35.11M | 84.98M | 53.95M |
Total Non-Current Liabilities | 894.08M | 1.02B | 1.19B | 998.11M | 1.04B | 1.09B | 980.18M | 985.67M | 1.54B | 1.39B |
Total Liabilities | 894.08M | 1.02B | 1.23B | 1.02B | 1.08B | 1.12B | 1.03B | 1.02B | 1.62B | 1.44B |
Total Equity | 1.93B▲ 0% | 1.94B▲ 0.4% | 956.47M▼ 50.6% | 901.36M▼ 5.8% | 948.8M▲ 5.3% | 917.42M▼ 3.3% | 912.81M▼ 0.5% | 905.2M▼ 0.8% | 1.17B▲ 29.0% | 1.12B▲ 0% |
Equity Growth % | 36.01% | 0.39% | -50.61% | -5.76% | 5.26% | -3.31% | -0.5% | -0.83% | 28.96% | 84.12% |
Equity / Assets (Capital Ratio) | 95.44% | 92.9% | 43.72% | 46.88% | 46.71% | 44.93% | 46.99% | 47% | 41.84% | 43.66% |
Return on Equity (ROE) | 5.03% | 2.02% | 4.24% | 0.74% | 17.33% | 9.18% | 10.08% | 9.79% | 6.75% | 4.42% |
Book Value per Share | 36.40 | 30.97 | 15.89 | 15.98 | 15.94 | 15.96 | 16.21 | 16.03 | 16.91 | 15.75 |
Tangible BV per Share | 36.40 | 30.97 | 15.89 | 15.98 | 15.94 | 15.96 | 16.21 | 16.03 | 16.91 | 15.75 |
Common Stock | 622K | 622K | 578K | 553K | 532K | 511K | 508K | 509K | 718K | 703K |
Additional Paid-in Capital | 1.17B | 1.17B | 1.11B | 1.08B | 1.05B | 1.02B | 1.02B | 1.01B | 1.36B | 1.35B |
Retained Earnings | 2.52M | -110.11M | -151.71M | -228.99M | -152.52M | -153.68M | -151.74M | -157.98M | -195.69M | -228.02M |
Accumulated OCI | 1.13B | 1.06B | 0 | 0 | -1.63M | 0 | 0 | 0 | 0 | 0 |
Treasury Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Preferred Stock | 0 | 0 | 0 | 50M | 50M | 50M | 50M | 50M | 0 | 0 |
Carlyle Secured Lending, Inc. (CGBD) cash flow — operating, investing & free cash flow history
| Metric | Dec'17 | Dec'18 | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|
Cash from Operations | -385.65M | 28.8M | -91.89M | 305.16M | 69.37M | 71.47M | 230.61M | 104.27M | -204.56M | 46.25M |
Operating CF Growth % | -22.58% | 107.47% | -419.12% | 432.08% | -77.27% | 3.02% | 222.67% | -54.79% | -296.19% | -247.35% |
Net Income | 84.2M | 39.12M | 61.33M | 6.83M | 160.35M | 85.64M | 92.28M | 88.98M | 69.97M | 51.7M |
Depreciation & Amortization | 949K | 1.9M | 1.86M | 2.13M | 0 | 0 | 0 | 3.49M | 0 | 3.79M |
Deferred Taxes | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Other Non-Cash Items | -472.4M | -13.26M | -149.87M | 304.51M | -90.72M | -16.23M | 145.01M | 2.98M | -291M | -11.06M |
Working Capital Changes | 1.6M | 1.05M | -5.22M | -8.32M | -259K | 2.06M | -6.68M | 8.82M | 16.46M | 2.38M |
Cash from Investing | -467.55M | -65.09M | -175.29M | 236.87M | 6.06M | -56.96M | 0 | 0 | 0 | -184.22M |
Purchase of Investments | -1.28B | -953.16M | -994.37M | -451.93M | -842.98M | -635.28M | -207.2M | -454.31M | 0 | -401.87M |
Sale/Maturity of Investments | 812.58M | 888.07M | 819.08M | 688.8M | 849.04M | 578.32M | 361.58M | 482.65M | 0 | 217.65M |
Net Investment Activity | -467.55M | -65.09M | -175.29M | 236.87M | 6.06M | -56.96M | 154.38M | 28.33M | 0 | -184.22M |
Acquisitions | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Other Investing | 0 | 0 | 0 | 0 | 0 | 0 | -154.38M | -28.33M | 0 | 0 |
Cash from Financing | 379.2M | 26.35M | 41.46M | -273.49M | -50.78M | -77.08M | -200.67M | -108.14M | 224.48M | -15.67M |
Dividends Paid | -76.05M | -93.3M | -107.1M | -96.55M | -83.66M | -86.82M | -93.02M | -96M | -104.04M | -109.98M |
Share Repurchases | 0 | -4.87M | -64.72M | -27.25M | -28.44M | -28.46M | -3.99M | 0 | -13.87M | -32.38M |
Stock Issued | 357.43M | -15K | 0 | 0 | 0 | 0 | 0 | 0 | 101K | 0 |
Net Stock Activity | 357.43M | -4.88M | -64.72M | -27.25M | -28.44M | -28.46M | -3.99M | 0 | -13.77M | -32.38M |
Debt Issuance (Net) | 1000K | 1000K | 1000K | -1000K | 1000K | 1000K | -1000K | -1000K | 1000K | 0 |
Other Financing | -1.06M | -3.4M | -1.7M | 0 | 0 | 0 | -5.04M | -7.98M | -7.27M | 1.83M |
Net Change in Cash | -6.45M▲ 0% | 55.15M▲ 955.0% | -50.44M▼ 191.5% | 31.67M▲ 162.8% | 24.66M▼ 22.1% | -62.57M▼ 353.8% | 29.94M▲ 147.9% | -3.87M▼ 112.9% | 19.92M▲ 614.4% | -153.64M▲ 0% |
Exchange Rate Effect | 467.55M | 65.09M | 175.29M | -236.87M | 0 | 0 | 0 | 0 | 0 | 0 |
Cash at Beginning | 38.49M | 32.04M | 87.19M | 36.75M | 68.42M | 93.07M | 30.51M | 60.45M | 56.58M | 76.49M |
Cash at End | 32.04M | 87.19M | 36.75M | 68.42M | 93.07M | 30.51M | 60.45M | 56.58M | 76.49M | 97.24M |
Interest Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 16.24M |
Income Taxes Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Free Cash Flow | -385.65M▲ 0% | 28.8M▲ 107.5% | -91.89M▼ 419.1% | 305.16M▲ 432.1% | 69.37M▼ 77.3% | 71.47M▲ 3.0% | 230.61M▲ 222.7% | 104.27M▼ 54.8% | -204.56M▼ 296.2% | 46.25M▲ 0% |
FCF Growth % | -22.58% | 107.47% | -419.12% | 432.08% | -77.27% | 3.02% | 222.67% | -54.79% | -296.19% | -81.98% |
Carlyle Secured Lending, Inc. (CGBD) financial ratios — P/E, ROE, debt and 30+ core market and balance-sheet ratios
| Metric | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|
Return on Equity (ROE) | 5.03% | 2.02% | 4.24% | 0.74% | 17.33% | 9.18% | 10.08% | 9.79% | 6.75% | 4.42% |
Return on Assets (ROA) | 4.8% | 1.91% | 2.87% | 0.33% | 8.11% | 4.21% | 4.63% | 4.6% | 2.97% | 1.97% |
Net Interest Margin | 6% | 6.97% | 6.75% | 5.93% | 5.12% | 6.12% | 6.79% | 5.35% | 4.21% | 5.79% |
Efficiency Ratio | 1.57% | 9.85% | 7% | 18.35% | 3.44% | 5.2% | 3.69% | 4.51% | -15.28% | 30.33% |
Equity / Assets | 95.44% | 92.9% | 43.72% | 46.88% | 46.71% | 44.93% | 46.99% | 47% | 41.84% | 43.66% |
Book Value / Share | 36.4 | 30.97 | 15.89 | 15.98 | 15.94 | 15.96 | 16.21 | 16.03 | 16.91 | 15.75 |
NII Growth | 40.68% | 19.85% | 1.58% | -22.72% | -8.83% | 20.03% | 5.56% | -21.78% | 13.97% | 29.72% |
Dividend Payout | 90.31% | 238.54% | 174.62% | 1413.84% | - | - | 100.81% | 1.45% | 148.69% | 203.07% |
Carlyle Secured Lending, Inc. (CGBD) SEC filings — annual & quarterly reports (10-K, 10-Q)
May 11, 2026·SEC
Apr 15, 2026·SEC
Feb 24, 2026·SEC
Carlyle Secured Lending, Inc. (CGBD) stock FAQ — growth, dividends, profitability & financials explained
Carlyle Secured Lending, Inc. (CGBD) grew revenue by 17.9% over the past year. This is strong growth.
Yes, Carlyle Secured Lending, Inc. (CGBD) is profitable, generating $51.7M in net income for fiscal year 2025 (35.4% net margin).
Yes, Carlyle Secured Lending, Inc. (CGBD) pays a dividend with a yield of 13.76%. This makes it attractive for income-focused investors.
Carlyle Secured Lending, Inc. (CGBD) has a return on equity (ROE) of 6.8%. This is below average, suggesting room for improvement.
Carlyle Secured Lending, Inc. (CGBD) has a net interest margin (NIM) of 4.2%. This indicates healthy earnings from lending activities.
Carlyle Secured Lending, Inc. (CGBD) has an efficiency ratio of -15.3%. This is excellent, indicating strong cost control.