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CGBDCarlyle Secured Lending, Inc.
$11.22$780M
Overview & Tools
OverviewChart Terminal ↗Visualize
Valuation & Forecasts
Valuation ModelsEstimatesDCF Model
Price & Analyst Data
Analyst TargetsPrice History
Financial Statements
Income StatementBalance SheetCash FlowRatios & Margins
Performance
P/E HistoryRevenue HistoryEarnings HistoryDividend HistoryTotal Return
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Live BreakoutsStock ScreenerOwnership
CGBD logo

Carlyle Secured Lending, Inc.

CGBD
NASDAQ · Asset Management
$11.22
At close - Sep 23, 4:00 PM EDT - USD
Market Cap$780M
P/E11.1x
52W High$13.47
Volume326.55K
OverviewTerminalAnalysisFinancialsValuationEarningsBreakoutsOwnership
VCP Research Verdict2026Q2

Credit Stress and Fee Volatility Cloud BDC Earnings

Carlyle Secured Lending's net interest income has shown resilience, rising from $28.6M in 2024Q4 to $40.8M in 2026Q2, but this is offset by persistent negative non-interest income and rising credit costs. The company's provision for loan losses turned negative...

GrowthMixed
ProfitabilityStrained
ValuationExpensive
TechnicalsWeak
Explore valuation models
MARKET ACTION

CGBD price & volume

Price trend, volume and key moving averages

Launch Terminal
Loading chart...
Decision Checklist4 Core Signals

What matters now

The signals most likely to change the investment case.

01

Earnings momentum

8/12 Beats

EPS beat 8 of last 12 quarters

02

Valuation risk

-15% Peers

P/E is 15% below peer median

03

Market leadership

RS 59 · Avg

Average momentum (RS Rating: 59)

04

Weak Trend

Below 200DMA

Price < 200DMA

Next CatalystEstimated earnings · Nov 6

Market performance

Price History →

Trailing total returns as of 9/24/2026, which may include dividends or other distributions. Benchmark is S&P 500 (^GSPC).

YTD Return
CGBD-4.62%
S&P 500 (^GSPC)+12.39%
1-Year Return
CGBD-3.62%
S&P 500 (^GSPC)+15.77%
3-Year Return
CGBD+10.35%
S&P 500 (^GSPC)+74.34%
5-Year Return
CGBD+42.11%
S&P 500 (^GSPC)+70.32%
02

Test the fundamentals

Check whether operating performance supports the current valuation.

VALUATION & INTRINSIC VALUE

Valuation Scenarios

Valuation Analysis
Trailing P/EMedian
11.1x
Forward P/EExpansion
8.0x
EV/EBITDA20th %ile
12.9x
FCF YieldCash Flow
N/A

Valuation vs 5-Year History

Multiple Range
Metric
Current
5Y Median
Historical Range
Percentile
P/E
11.1x
9.6x
60th· Fair
EV/EBITDA
12.9x
18.6x
20th· Low
Price/FCF
N/A
11.5x
N/A
Current Multiple
5Y Median (50th %ile)

Intrinsic Value Scenarios

DCF Projection
No DCF Model AvailableIntrinsic value modeling is not supported for this equity.

Growth & profitability

Annual revenue & EPS trend
Revenue
$110M+10.5% YoY
Net income
$70M-21.4% YoY
Free cash flow
-$205M-296.2% YoY
Operating margin
86.2%+31.5 pts YoY
ROIC (TTM)5.6%
Avg ROIC 5Y-
ROE (TTM)6.8%
Piotroski Score2 / 9
Financial Statements →
03

Monitor what changed

Recent results and news deserve attention only when they alter the forward view.

OPERATING RESULTS

Recent Earnings

Earnings History
EPS Beat Rate8/12 (67%)
Revenue Beat Rate6/12 (50%)
QuarterEPS (Act vs Est)Revenue (Act vs Est)
Q3 2026Latest
Aug 6, 2026
$0.35+10.9%
vs $0.32
$62M+4.5%
vs $59M
Q2 2026
May 11, 2026
$0.36+2.9%
vs $0.35
$64M-2.6%
vs $66M
Q1 2026
Feb 24, 2026
$0.33-13.2%
vs $0.38
$67M+0.4%
vs $67M
Q4 2025
Nov 4, 2025
$0.38-2.6%
vs $0.39
$49M-27.4%
vs $67M
Historical baseline: 12 quarters analyzedGAAP / Adjusted
MARKET COVERAGE

Latest News

5 Stories
24/7 Wall Street·5d ago
5 Big Dividend Yields With Ex-Dividend Dates Coming Up Fast

Five high-yield tickers have ex-dividend dates arriving in days, and buying even one session too late means the seller collects your payment instead.

24/7 Wall Street·Sep 16, 2026
6 Dividend Stocks With Huge Yields and Even Bigger Warning Signs

Six stocks are paying yields as high as 23% right now, but behind those numbers sit eroding asset values, razor-thin coverage ratios, and balance sheets that leave almost no room for error if rates or charter markets move the wrong

Seeking Alpha·Aug 26, 2026
Carlyle Secured Lending: I'm Buying This 12% Yield For Cents On The Dollar

Carlyle Secured Lending remains a compelling "Buy" with a 12% yield and a 27% discount to NAV. CGBD's portfolio is largely senior secured, highly diversified, and maintains a low 0.6% non-accrual rate by fair value. Joint ventures are delivering high-teens returns and are expected to drive earnings growth as transaction activity recovers.

Seeking Alpha·Aug 7, 2026
Carlyle Secured Lending Inc. (CGBD) Q2 2026 Earnings Call Transcript

Carlyle Secured Lending Inc. (CGBD) Q2 2026 Earnings Call Transcript

Filtered for Carlyle Secured Lending, Inc.More Headlines
04

Compare before deciding

Benchmark CGBD against direct peers instead of judging its metrics in isolation.

Peers Comparison

Key metrics vs top competitors for Carlyle Secured Lending, Inc. (CGBD)

Full Screener →
CompanyPriceMarket CapP/E RatioRev Growth (1Y)Net MarginROEDiv Yield
CGBD logoCGBDCarlyle Secured Lending, Inc.Current
$11.22$779.76M11.1110.5%35.38%6.75%13.43%
ARCC logoARCCAres Capital Corporation
$19.15$13.75B10.30-11.83%45.18%6.78%—
GBDC logoGBDCGolub Capital BDC, Inc.
$12.45$3.24B8.7744.68%20.51%3.82%—
TPVG logoTPVGTriplePoint Venture Growth BDC Corp.
$4.92$199.75M4.0355.25%45.97%10.97%—
MFIC logoMFICMidCap Financial Investment Corporation
$8.90$733.12M13.09148.55%-11.4%-2.39%—
OCSL logoOCSLOaktree Specialty Lending Corporation
$12.16$1.07B31.18219.13%15.13%2.98%—

Compare CGBD vs Peers

Carlyle Secured Lending, Inc. (CGBD) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.

Closest Rival

vs ARCC

Most directly comparable listed peer for CGBD.

Scale Benchmark

vs BX

Larger-name benchmark to compare CGBD against a more recognizable public peer.

Peer Set

Compare Top 5

vs ARCC, GBDC, TPVG, MFIC

05

Keep researching

Verify the primary filings, follow material updates, and answer the remaining questions.

CGBD SEC Filings & Documents

Carlyle Secured Lending, Inc. (CGBD) SEC filings — annual & quarterly reports (10-K, 10-Q)

8-K Announcements

6
Material company update

Aug 6, 2026·SEC

Material company update

Jul 15, 2026·SEC

Material company update

Jun 11, 2026·SEC

10-K Annual Reports

2
FY 2026

Feb 24, 2026·SEC

FY 2025

Feb 25, 2025·SEC

10-Q Quarterly Reports

6
FY 2026

Aug 6, 2026·SEC

FY 2026

May 11, 2026·SEC

FY 2025

Nov 4, 2025·SEC

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CGBD Frequently Asked Questions

Carlyle Secured Lending, Inc. (CGBD) stock FAQ — growth, dividends, profitability & financials explained

Growth & Financials
How fast is Carlyle Secured Lending, Inc. growing?

Carlyle Secured Lending, Inc. (CGBD) grew revenue by 10.5% over the past year. This is steady growth.

Is CGBD profitable?

Yes, Carlyle Secured Lending, Inc. (CGBD) is profitable, generating $37.0M in net income for fiscal year 2025 (35.4% net margin).

Dividend & Returns
Does CGBD pay dividends?

Yes, Carlyle Secured Lending, Inc. (CGBD) pays a dividend with a yield of 13.43%. This makes it attractive for income-focused investors.

What is CGBD's return on equity?

Carlyle Secured Lending, Inc. (CGBD) has a return on equity (ROE) of 6.8%. This is below average, suggesting room for improvement.

Industry Metrics
What is Carlyle Secured Lending, Inc.'s net interest margin?

Carlyle Secured Lending, Inc. (CGBD) has a net interest margin (NIM) of 4.2%. This indicates healthy earnings from lending activities.

What is Carlyle Secured Lending, Inc.'s efficiency ratio?

Carlyle Secured Lending, Inc. (CGBD) has an efficiency ratio of -15.3%. This is excellent, indicating strong cost control.

What if you invested $1,000 in CGBD back in 2013?

Total return calculator · dividends reinvested · 13+ years of data

See returns →