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Carlyle Secured Lending, Inc. 8.20% Notes due 2028(CGBDL)Earnings, Financials & Key Ratios
CGBDL•NASDAQ
$25.48
16.1× P/E·Price updated Jun 8, 2026
AboutCarlyle Secured Lending is an externally managed specialized finance company specializing in providing flexible lending options to middle-market companies primarily in the United States. We concentrate on companies backed by private equity sponsors in a number of industries that have defensive specialized strategies and long-term market leadership.Show more
- EBITDA$5M-96.6%
- Net Income$0-100.0%
- EPS (Diluted)0.00-100.0%
- EBITDA Margin2.07%-97.5%
CGBDL Price & Volume
Carlyle Secured Lending, Inc. 8.20% Notes due 2028 (CGBDL) stock price & volume — 10-year historical chart
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Earnings Volatility Challenges Carlyle Secured Lending Stability
Investment Thesis • Updated 2025Q4
VerdictNegative
Growth:Mixed
Profitability:Strained
Financial:Vulnerable
Cash Flow:Deteriorating
Primary Risk:Leverage and liquidity mismatch
Key Thesis Takeaways
- Carlyle Secured Lending faces significant fundamental headwinds characterized by erratic net income, which dropped to $0 in late 2025, and a persistent reliance on external capital to fund dividend distributions.
- While the firm expanded its asset base to $2.8 billion by 2025Q4, the decoupling of this growth from stagnant equity levels suggests a precarious long-term capital structure.
- Investors should remain cautious as the firm's inability to maintain positive free cash flow, evidenced by a -46.9% FCF margin in 2025Q4, threatens the sustainability of its 6.7% dividend yield.
Verdict Logic
the company's reliance on balance sheet liquidity to fund $36.5 million in dividends during 2025Q4 despite negative free cash flow presents an unsustainable risk profile for income-focused investors.
CGBDL Growth Metrics
Carlyle Secured Lending, Inc. 8.20% Notes due 2028 (CGBDL) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR
Revenue CAGR
10 Years13.77%
5 Years15.63%
3 Years7.07%
TTM-
Profit CAGR
10 Years-
5 Years-
3 Years-
TTM-67.76%
EPS CAGR
10 Years-
5 Years-
3 Years-
TTM-71.52%
Return on Capital
10 Years29.45%
5 Years9.01%
3 Years12%
Last Year-
CGBDL Recent Earnings
Carlyle Secured Lending, Inc. 8.20% Notes due 2028 (CGBDL) EPS & revenue vs analyst estimates — last 3 quarters
●Beat EPS 0/3 qtrs (0%)●Beat Revenue 2/3 qtrs (100%)
Q3 2025Latest
Aug 6, 2025Metric
Actual
Est
EPS
$0.20-48.9%
$0.39
Rev
$64M+2.8%
$63M
Q2 2025
May 6, 2025Metric
Actual
Est
EPS
$0.40-7.4%
$0.43
Rev
$55M+7.0%
$51M
Q4 2023
Dec 31, 2023Metric
Actual
Est
EPS
$0.53
—
Rev
$63M
—
| Quarter | Date | EPS (Act vs Est) | Revenue (Act vs Est) |
|---|---|---|---|
| Q3 2025Latest | Aug 6, 2025 | $0.20vs $0.39-48.9% | $64Mvs $63M+2.8% |
| Q2 2025 | May 6, 2025 | $0.40vs $0.43-7.4% | $55Mvs $51M+7.0% |
| Q4 2023 | Dec 31, 2023 | $0.53 | $63M |
Based on last 3 quarters of dataView full earnings history →
Peers Comparison
Key metrics vs top competitors for Carlyle Secured Lending, Inc. 8.20% Notes due 2028 (CGBDL)
| Company | Price | Market Cap | P/E Ratio | Rev Growth (1Y) | Net Margin | ROE | Div Yield |
|---|---|---|---|---|---|---|---|
| $25.48 | $1.86B | 16.13 | 31.55% | — | — | 6.67% | |
| $18.51 | $13.29B | 9.95 | 32.87% | 43.69% | 8.11% | — | |
| $4.93 | $997.19M | 6.49 | -18.64% | — | — | — | |
| $12.78 | $3.33B | 9.00 | 42.5% | 26.91% | 5.24% | — | |
| $10.86 | $754.74M | 10.75 | 17.9% | 23.81% | 4.42% | — | |
| $4.83 | $196.09M | 3.96 | 36.55% | -19.55% | -3.39% | — |
Compare CGBDL vs Peers
Carlyle Secured Lending, Inc. 8.20% Notes due 2028 (CGBDL) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
CGBDL SEC Filings & Documents
Carlyle Secured Lending, Inc. 8.20% Notes due 2028 (CGBDL) SEC filings — annual & quarterly reports (10-K, 10-Q)
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CGBDL Frequently Asked Questions
Carlyle Secured Lending, Inc. 8.20% Notes due 2028 (CGBDL) stock FAQ — growth, dividends, profitability & financials explained
Growth & Financials
What is Carlyle Secured Lending, Inc. 8.20% Notes due 2028's revenue?
Carlyle Secured Lending, Inc. 8.20% Notes due 2028 (CGBDL) reported $234.0M in revenue for fiscal year 2025.
How fast is Carlyle Secured Lending, Inc. 8.20% Notes due 2028 growing?
Carlyle Secured Lending, Inc. 8.20% Notes due 2028 (CGBDL) grew revenue by 31.6% over the past year. This is strong growth.
Is CGBDL profitable?
Yes, Carlyle Secured Lending, Inc. 8.20% Notes due 2028 (CGBDL) is profitable, generating $28.7M in net income for fiscal year 2025 (12.3% net margin).
Dividend & Returns
Does CGBDL pay dividends?
Yes, Carlyle Secured Lending, Inc. 8.20% Notes due 2028 (CGBDL) pays a dividend with a yield of 6.67%. This makes it attractive for income-focused investors.
What is Carlyle Secured Lending, Inc. 8.20% Notes due 2028's free cash flow?
Carlyle Secured Lending, Inc. 8.20% Notes due 2028 (CGBDL) had negative free cash flow of $204.6M in fiscal year 2025, likely due to heavy capital investments.