Oaktree Specialty Lending Corporation (OCSL) Earnings History
Earnings Pressure18 years of earnings data (2008–2025) · 5-year EPS trend is negative
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Oaktree Specialty Lending Corporation (OCSL) Earnings Overview
As of June 24, 2026, Oaktree Specialty Lending Corporation (OCSL) reported trailing twelve-month net income of $50M, reflecting -45.8% year-over-year growth. The company earned $0.56 per diluted share over the past four quarters, with a net profit margin of 11.3%.
Looking at the long-term picture, OCSL's 5-year EPS compound annual growth rate (CAGR) stands at -14.0%, signaling declining earnings. The company achieved its highest annual net income of $237M in fiscal 2021.
Oaktree Specialty Lending Corporation maintains positive profitability with a gross margin of 87.2%, operating margin of 50.4%, and net margin of 11.3%. The company continues to generate positive earnings from operations. View revenue history →
Compared to peers including ARCC ($1.15B net income, 41.3% margin), FSCO (N/A net income, 72.6% margin), GBDC ($205M net income, 43.2% margin), OCSL has room to improve margins relative to the peer group. Compare OCSL vs ARCC →
OCSL Earnings vs Peers
Earnings metrics vs comparable public companies
OCSL Historical Earnings Data (2008–2025)
18 years| Fiscal Year | Net Income | YoY % | Operating Income | EPS (Diluted) | Net Margin | Op. Margin |
|---|---|---|---|---|---|---|
| 2025 | $34M | -41.4% | $151M | $0.39 | 11.3% | 50.4% |
| 2024 | $58M | -50.6% | $58M | $0.72 | 31.1% | 31.0% |
| 2023 | $117M | +301.5% | $119M | $1.63 | 49.5% | 50.3% |
| 2022 | $29M | -87.7% | $33M | $0.48 | 34.0% | 38.2% |
| 2021 | $237M | +504.9% | $241M | $4.39 | 85.1% | 86.4% |
| 2020 | $39M | -68.9% | $37M | $0.83 | 49.9% | 47.6% |
| 2019 | $126M | +169.8% | $127M | $2.69 | 79.1% | 79.7% |
| 2018 | $47M | +123.7% | $47M | $1.00 | 50.3% | 50.9% |
| 2017 | -$197M | -195.9% | -$197M | $-4.18 | - | - |
| 2016 | -$67M | -532.3% | -$67M | $-1.32 | -604.2% | -604.2% |
| 2015 | $15M | -86.3% | $15M | $0.30 | 18.0% | 18.0% |
| 2014 | $113M | +10.5% | $113M | $2.37 | 63.7% | 63.7% |
| 2013 | $102M | +28.2% | $102M | $2.70 | 70.4% | 70.4% |
| 2012 | $79M | +162.9% | $79M | $2.91 | 71.7% | 71.7% |
| 2011 | $30M | +34.8% | $30M | $1.41 | 58.3% | 58.3% |
| 2010 | $22M | +261.9% | $22M | $1.47 | 76.8% | 76.8% |
| 2009 | $6M | +90.1% | $6M | $0.75 | 17.5% | 17.5% |
| 2008 | $3M | - | $3M | $0.63 | 9.8% | 9.8% |
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OCSL — Frequently Asked Questions
Quick answers to the most common questions about buying OCSL stock.
What is OCSL earnings per share (EPS)?
OCSL trailing twelve-month (TTM) diluted EPS is $0.56, reflecting -45.8% year-over-year growth. The 5-year EPS CAGR is -14.0%. Complete EPS history from 2008 to 2025 is available in the table on this page.
What is Oaktree Specialty Lending Corporation's net income?
Oaktree Specialty Lending Corporation (OCSL) trailing twelve-month net income is $50M as of 2025. Earnings declined -45.8% year-over-year. Oaktree Specialty Lending Corporation has been profitable for 8 consecutive years.
Is OCSL profitable?
Yes, OCSL is profitable with a TTM net income of $50M and a net profit margin of +11.3%. Oaktree Specialty Lending Corporation has generated profits for 8 consecutive years.
What is OCSL's earnings growth rate?
OCSL compound annual EPS growth rates (CAGR): 1-Year: -45.8%, 3-Year: -6.7%, 5-Year: -14.0%, 10-Year: +2.7%. These figures measure the annualised rate of diluted EPS growth over each period, based on data from 2008 to 2025.
What are OCSL's profit margins?
Oaktree Specialty Lending Corporation net profit margin is +11.3%, operating margin is +50.4%, and gross margin is +87.2%. Margins are within a typical range for the sector. Return on Equity is +2.3%.
Is OCSL growing earnings?
OCSL earnings are declining — EPS fell -45.8% year-over-year. TTM net income dropped to $50M. This contrasts with the 5-year CAGR of -14.0%.
What was OCSL's best earnings year?
Oaktree Specialty Lending Corporation's highest annual net income on record is $237M, achieved in fiscal year 2021. Earnings history on this page spans 2008 to 2025 and includes all annual and quarterly figures.
What were OCSL's earnings last quarter?
OCSL's most recent reported quarter was Q2 2026. Net income was $-19M with diluted EPS of $-0.21. For a full breakdown of all quarters, see the quarterly earnings table on this page.