8-K Announcements
6May 5, 2026·SEC
Feb 23, 2026·SEC
Feb 12, 2026·SEC
Sixth Street Specialty Lending, Inc. (TSLX) fundamental analysis — strengths, weaknesses & financial health based on data analysis
No significant weaknesses identified
* These insights are generated automatically based on available financial data. Please conduct your own research before making investment decisions.
Sixth Street Specialty Lending, Inc. (TSLX) stock price & volume — 10-year historical chart
Sixth Street Specialty Lending, Inc. (TSLX) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR
Sixth Street Specialty Lending, Inc. (TSLX) EPS & revenue vs analyst estimates — last 4 quarters
| Quarter | Date | EPS (Act vs Est) | Revenue (Act vs Est) |
|---|---|---|---|
| Q2 2026Latest | May 5, 2026 | $0.42vs $0.49-14.3% | $93Mvs $103M-9.4% |
| Q1 2026 | Feb 12, 2026 | $0.52vs $0.50+4.0% | $108Mvs $104M+3.7% |
| Q4 2025 | Nov 4, 2025 | $0.53vs $0.52+1.9% | $81Mvs $107M-24.2% |
| Q3 2025 | Jul 30, 2025 | $0.56vs $0.53+5.7% | $112Mvs $108M+3.8% |
Sixth Street Specialty Lending, Inc. (TSLX) competitors in Private credit and BDC lenders — business model, growth, and fundamentals comparison
Sixth Street Specialty Lending, Inc. (TSLX) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
Sixth Street Specialty Lending, Inc. (TSLX) annual income statement — 10-year revenue, gross profit & net income history
| Line item | Dec'17 | Dec'18 | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|
| Net Interest Income | 177.12M | 213.37M | 197.07M | 208.63M | 226.25M | 246.98M | 322.38M | 345.54M | 323.46M | 238.66M |
| NII Growth % | 13.03% | 20.46% | -7.64% | 5.87% | 8.45% | 9.16% | 30.53% | 7.18% | -6.39% | -124.26% |
| Net Interest Margin % | 10.3% | 12.33% | 8.64% | 8.92% | 8.87% | 8.71% | 9.64% | 9.65% | 9.45% | 0.01% |
| Interest Income | 200.73M | 249.93M | 237.14M | 245.68M | 266.66M | 297.64M | 418.78M | 452.31M | 429.02M | 317.04M |
| Interest Expense | 23.61M | 36.56M | 40.06M | 37.04M | 40.41M | 50.66M | 96.39M | 106.77M | 105.56M | 78.38M |
| Loan Loss Provision | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -7.74M | -7.74M |
| Non-Interest Income | -48.27M | -71.99M | -16.66M | -10.28M | -393K | -110.48M | -48.98M | -92.57M | -68.81M | 91.16B |
| Non-Interest Income % | -31.66% | -40.46% | -7.56% | -4.37% | -0.15% | -59.03% | -13.24% | -25.73% | -19.1% | 99.65% |
| Total Revenue | 152.46M▲ 0% | 177.94M▲ 16.7% | 220.48M▲ 23.9% | 235.39M▲ 6.8% | 266.27M▲ 13.1% | 187.16M▼ 29.7% | 369.8M▲ 97.6% | 359.74M▼ 2.7% | 360.21M▲ 0.1% | 91.48B▲ 0% |
| Revenue Growth % | -12.94% | 16.71% | 23.91% | 6.76% | 13.12% | -29.71% | 97.59% | -2.72% | 0.13% | 122468.8% |
| Non-Interest Expense | 14.41M | 18.98M | 22.08M | 14.48M | 11.79M | 25.26M | 49.57M | 59.85M | 69.5M | 3.17B |
| Efficiency Ratio | 9.45% | 10.67% | 10.02% | 6.15% | 4.43% | 13.49% | 13.41% | 16.64% | 19.3% | 3.47% |
| Operating Income | 114.44M▲ 0% | 122.39M▲ 6.9% | 158.33M▲ 29.4% | 183.87M▲ 16.1% | 214.07M▲ 16.4% | 111.24M▼ 48.0% | 223.83M▲ 101.2% | 193.12M▼ 13.7% | 192.89M▼ 0.1% | 154.58M▲ 0% |
| Operating Margin % | 75.06% | 68.78% | 71.81% | 78.11% | 80.4% | 59.44% | 60.53% | 53.68% | 53.55% | 0.17% |
| Operating Income Growth % | -17.8% | 6.94% | 29.37% | 16.13% | 16.42% | -48.04% | 101.22% | -13.72% | -0.12% | - |
| Pretax Income | 114.44M▲ 0% | 122.39M▲ 6.9% | 158.33M▲ 29.4% | 183.87M▲ 16.1% | 214.07M▲ 16.4% | 111.24M▼ 48.0% | 223.83M▲ 101.2% | 193.12M▼ 13.7% | 176.26M▼ 8.7% | 41.18B▲ 0% |
| Pretax Margin % | 75.06% | 68.78% | 71.81% | 78.11% | 80.4% | 59.44% | 60.53% | 53.68% | 48.93% | 45.02% |
| Income Tax | 2.83M | 3.38M | 3.75M | 5.76M | 2.29M | 3.18M | 1.81M | 6.55M | 5.74M | 4.39M |
| Effective Tax Rate % | 2.48% | 2.76% | 2.37% | 3.13% | 1.07% | 2.86% | 0.81% | 3.39% | 3.26% | 0.01% |
| Net Income | 111.61M▲ 0% | 119.02M▲ 6.6% | 154.58M▲ 29.9% | 178.11M▲ 15.2% | 211.78M▲ 18.9% | 108.05M▼ 49.0% | 222.02M▲ 105.5% | 186.57M▼ 16.0% | 170.52M▼ 8.6% | 41.18B▲ 0% |
| Net Margin % | 73.2% | 66.89% | 70.11% | 75.66% | 79.54% | 57.73% | 60.04% | 51.86% | 47.34% | 45.01% |
| Net Income Growth % | -18.54% | 6.64% | 29.88% | 15.22% | 18.91% | -48.98% | 105.48% | -15.97% | -8.6% | 23297.21% |
| Net Income (Continuing) | 111.61M | 119.02M | 154.58M | 178.11M | 211.78M | 108.05M | 222.02M | 186.57M | 170.52M | 41.18B |
| EPS (Diluted) | 1.86▲ 0% | 1.86▲ 0.0% | 2.34▲ 25.8% | 2.65▲ 13.2% | 2.79▲ 5.3% | 1.38▼ 50.5% | 2.61▲ 89.1% | 2.03▼ 22.2% | 1.81▼ 10.8% | 434.80▲ 0% |
| EPS Growth % | -20.51% | 0% | 25.81% | 13.25% | 5.28% | -50.54% | 89.13% | -22.22% | -10.84% | -38.83% |
| EPS (Basic) | 1.86 | 1.86 | 2.34 | 2.65 | 2.93 | 1.38 | 2.61 | 2.03 | 1.81 | - |
| Diluted Shares Outstanding | 60M | 65.41M | 66.07M | 67.21M | 77.7M | 78.2M | 85.13M | 92.04M | 94.71M | 94.71M |
Sixth Street Specialty Lending, Inc. (TSLX) balance sheet — assets, liabilities & shareholders' equity
| Line item | Dec'17 | Dec'18 | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Short Term Investments | 3.52M | 3.27M | 4.83M | 2.46M | 1.57M | 10.21M | 1.22M | 4.97M | 2.94M | 29.25B |
| Cash & Due from Banks | 3.52M | 3.27M | 4.83M | 2.46M | 1.57M | 10.21M | 1.22M | 4.97M | 2.94M | 29.18B |
| Short Term Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Investments | 135.92M | 56.51M | 47.92M | 36.68M | 0 | 0 | 0 | 0 | 0 | 3.31T |
| Investments Growth % | 106.38% | -58.43% | -15.2% | -23.46% | -100% | - | - | - | - | 0% |
| Long-Term Investments | 135.92M | 56.51M | 47.92M | 36.68M | 0 | 0 | 0 | 0 | 0 | 0 |
| Accounts Receivables | 6.76M | 8.83M | 13.05M | 8.58M | 0 | 0 | 0 | 0 | 0 | 34.55B |
| 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 | 1.56B | 1.66B | 2.21B | 2.27B | 2.55B | 2.82B | 3.34B | 3.57B | 3.42B | 0 |
| Total Current Assets | 23.36M | 17.05M | 25.69M | 28.91M | 5.09M | 14.74M | 8.79M | 10.93M | 2.94M | 63.73B |
| Total Non-Current Assets | 1.7B | 1.71B | 2.26B | 2.31B | 2.55B | 2.82B | 3.34B | 3.57B | 3.42B | 0 |
| Total Assets | 1.72B▲ 0% | 1.73B▲ 0.6% | 2.28B▲ 31.8% | 2.34B▲ 2.5% | 2.55B▲ 9.1% | 2.84B▲ 11.2% | 3.34B▲ 17.9% | 3.58B▲ 7.1% | 3.42B▼ 4.5% | 3.39T▲ 0% |
| Asset Growth % | 2.67% | 0.59% | 31.82% | 2.53% | 9.12% | 11.17% | 17.87% | 7.13% | -4.48% | 96884.47% |
| Return on Assets (ROA) | 6.57% | 6.9% | 7.71% | 7.71% | 8.66% | 4.01% | 7.18% | 5.39% | 4.87% | 4.84% |
| Accounts Payable | 23.49M | 25.5M | 25.93M | 27.73M | 30.93M | 0 | 0 | 0 | 0 | 0 |
| Total Debt | 703.43M | 608.01M | 1.09B | 1.11B | 1.19B | 1.44B | 1.78B | 1.9B | 1.74B | 0 |
| Net Debt | 699.91M | 604.74M | 1.09B | 1.11B | 1.18B | 1.43B | 1.78B | 1.9B | 1.74B | -29.18B |
| Long-Term Debt | 703.43M | 608.01M | 1.09B | 1.11B | 1.19B | 1.44B | 1.78B | 1.9B | 1.74B | 0 |
| Short-Term Debt | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Liabilities | 24.04M | 33.62M | 41.24M | 39.19M | 36.8M | 28.87M | 40.91M | 44.95M | 44.4M | 1.85T |
| Total Current Liabilities | 23.49M | 25.5M | 25.93M | 27.73M | 53.24M | 24.71M | 26.21M | 28.6M | 26.3M | 0 |
| Total Non-Current Liabilities | 727.47M | 641.62M | 1.14B | 1.15B | 1.22B | 1.47B | 1.82B | 1.95B | 1.79B | 1.85T |
| Total Liabilities | 750.95M | 667.12M | 1.16B | 1.18B | 1.28B | 1.5B | 1.85B | 1.97B | 1.81B | 1.85T |
| Total Equity | 969.28M▲ 0% | 1.06B▲ 9.7% | 1.12B▲ 5.3% | 1.16B▲ 3.8% | 1.28B▲ 9.9% | 1.34B▲ 5.2% | 1.5B▲ 11.5% | 1.61B▲ 7.4% | 1.61B▲ 0.0% | 1.54T▲ 0% |
| Equity Growth % | 1.79% | 9.69% | 5.28% | 3.75% | 9.86% | 5.15% | 11.54% | 7.43% | 0.01% | 96242.4% |
| Equity / Assets (Capital Ratio) | 56.35% | 61.45% | 49.07% | 49.66% | 50% | 47.29% | 44.75% | 44.88% | 46.99% | 45.46% |
| Return on Equity (ROE) | 11.62% | 11.71% | 14.17% | 15.62% | 17.38% | 8.26% | 15.65% | 12.02% | 10.61% | 10.64% |
| Book Value per Share | 16.16 | 16.25 | 16.94 | 17.28 | 16.42 | 17.16 | 17.58 | 17.47 | 16.98 | 16288.56 |
| Tangible BV per Share | 16.16 | 16.25 | 16.94 | 17.28 | 16.42 | 17.16 | 17.58 | 17.47 | 16.98 | 16288.56 |
| Common Stock | 603K | 655K | 666K | 680K | 761K | 821K | 885K | 943K | 954K | 957M |
| Additional Paid-in Capital | 906.52M | 991.92M | 1.01B | 1.03B | 1.19B | 1.29B | 1.41B | 1.52B | 1.54B | 0 |
| Retained Earnings | 63.52M | 71.99M | 110.72M | 139.25M | 90.1M | 56.46M | 100.78M | 97.71M | 81.64M | 0 |
| Accumulated OCI | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Treasury Stock | -1.36M | -1.36M | -1.36M | -4.29M | -4.29M | -10.46M | -10.46M | -10.46M | -10.46M | 0 |
| Preferred Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Sixth Street Specialty Lending, Inc. (TSLX) cash flow — operating, investing & free cash flow history
| Line item | Dec'17 | Dec'18 | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from Operations | 84.29M | 133.42M | 118.11M | 135.97M | 112.62M | 71.83M | 191.97M | 187.25M | 180.28M | 180.28M |
| Operating CF Growth % | 1.15% | 58.28% | -11.48% | 15.13% | -17.17% | -36.22% | 167.25% | -2.46% | -3.72% | -56020.64% |
| Net Income | 111.61M | 119.02M | 154.58M | 178.11M | 211.78M | 108.05M | 222.02M | 186.57M | 170.52M | 41.18B |
| Depreciation & Amortization | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -4.64B |
| Deferred Taxes | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Non-Cash Items | -23.32M | 458K | -44.47M | -59.8M | -101.9M | 32.11M | -54.84M | -12.43M | -3.71M | -18.73B |
| Working Capital Changes | -3.99M | 13.95M | 7.99M | 17.67M | 2.75M | -68.33M | 24.79M | 13.11M | 13.47M | 19.82M |
| Cash from Investing | -1.91M | -14.23M | -496.15M | 9.1M | -110.17M | -296.37M | -428.76M | -232.74M | 221.29M | -162.66B |
| Purchase of Investments | -1.03B | -838.21M | -1.12B | -1.04B | -1.2B | -995.62M | -943.45M | -1.1B | -1.12B | -163.7B |
| Sale/Maturity of Investments | 1.03B | 823.98M | 621.97M | 1.05B | 1.09B | 699.25M | 514.69M | 863.4M | 1.34B | 1.05B |
| Net Investment Activity | -1.91M | -14.23M | -496.15M | 9.1M | -110.17M | -296.37M | -428.76M | -232.74M | 221.29M | -162.66B |
| Acquisitions | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Investing | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash from Financing | -81.68M | -115.28M | 381.61M | -145.94M | 241K | 234.21M | 236.34M | 47.62M | -409.24M | 32.59B |
| Dividends Paid | -94.69M | -95.91M | -98.06M | -130.45M | -221.94M | -144.73M | -156.42M | -168.72M | -170.32M | -39.15B |
| Share Repurchases | 0 | 0 | 0 | 0 | 0 | -6.17M | 0 | 0 | 0 | 0 |
| Stock Issued | 0 | 71.81M | 0 | 0 | 85.9M | 0 | 89.2M | 93.31M | 0 | 0 |
| Net Stock Activity | 0 | 71.81M | 0 | 0 | 85.9M | -6.17M | 89.2M | 93.31M | 0 | 0 |
| Debt Issuance (Net) | 1000K | -1000K | 1000K | -1000K | 1000K | 1000K | 1000K | 1000K | -1000K | 1000K |
| Other Financing | 0 | 0 | 0 | -2.93M | 0 | 0 | 0 | 0 | -7.32M | 71.66B |
| Net Change in Cash | 711K▲ 0% | 3.91M▲ 449.9% | 3.57M▼ 8.7% | -869K▼ 124.4% | 2.69M▲ 409.9% | 9.68M▲ 259.5% | -451K▼ 104.7% | 2.13M▲ 572.7% | -7.67M▼ 459.6% | 9.49B▲ 0% |
| Exchange Rate Effect | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash at Beginning | 5.95M | 6.67M | 10.57M | 14.14M | 13.27M | 15.97M | 25.65M | 25.2M | 27.33M | 19.66B |
| Cash at End | 6.67M | 10.57M | 14.14M | 13.27M | 15.97M | 25.65M | 25.2M | 27.33M | 19.66M | 29.18B |
| Interest Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Income Taxes Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Free Cash Flow | 84.29M▲ 0% | 133.42M▲ 58.3% | 118.11M▼ 11.5% | 135.97M▲ 15.1% | 112.62M▼ 17.2% | 71.83M▼ 36.2% | 191.97M▲ 167.3% | 187.25M▼ 2.5% | 180.28M▼ 3.7% | -23.22B▲ 0% |
| FCF Growth % | 1.15% | 58.28% | -11.48% | 15.13% | -17.17% | -36.22% | 167.25% | -2.46% | -3.72% | -11788.93% |
Sixth Street Specialty Lending, Inc. (TSLX) 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) | 11.62% | 11.71% | 14.17% | 15.62% | 17.38% | 8.26% | 15.65% | 12.02% | 10.61% | 10.64% |
| Return on Assets (ROA) | 6.57% | 6.9% | 7.71% | 7.71% | 8.66% | 4.01% | 7.18% | 5.39% | 4.87% | 4.84% |
| Net Interest Margin | 10.3% | 12.33% | 8.64% | 8.92% | 8.87% | 8.71% | 9.64% | 9.65% | 9.45% | 0.01% |
| Efficiency Ratio | 9.45% | 10.67% | 10.02% | 6.15% | 4.43% | 13.49% | 13.41% | 16.64% | 19.3% | 3.47% |
| Equity / Assets | 56.35% | 61.45% | 49.07% | 49.66% | 50% | 47.29% | 44.75% | 44.88% | 46.99% | 45.46% |
| Book Value / Share | 16.16 | 16.25 | 16.94 | 17.28 | 16.42 | 17.16 | 17.58 | 17.47 | 16.98 | 16.29K |
| NII Growth | 13.03% | 20.46% | -7.64% | 5.87% | 8.45% | 9.16% | 30.53% | 7.18% | -6.39% | -30.73% |
| Dividend Payout | 84.85% | 80.58% | 63.44% | 73.24% | 40.53% | 125.01% | 61.73% | 79.62% | 99.89% | 0.34% |
Sixth Street Specialty Lending, Inc. (TSLX) SEC filings — annual & quarterly reports (10-K, 10-Q)
May 5, 2026·SEC
Feb 23, 2026·SEC
Feb 12, 2026·SEC
Sixth Street Specialty Lending, Inc. (TSLX) stock FAQ — growth, dividends, profitability & financials explained
Sixth Street Specialty Lending, Inc. (TSLX) grew revenue by 0.1% over the past year. Growth has been modest.
Yes, Sixth Street Specialty Lending, Inc. (TSLX) is profitable, generating $41.18B in net income for fiscal year 2025 (47.3% net margin).
Yes, Sixth Street Specialty Lending, Inc. (TSLX) pays a dividend with a yield of 10.04%. This makes it attractive for income-focused investors.
Sixth Street Specialty Lending, Inc. (TSLX) has a return on equity (ROE) of 10.6%. This is reasonable for most industries.
Sixth Street Specialty Lending, Inc. (TSLX) has a net interest margin (NIM) of 9.5%. This indicates healthy earnings from lending activities.
Sixth Street Specialty Lending, Inc. (TSLX) has an efficiency ratio of 19.3%. This is excellent, indicating strong cost control.
Sixth Street Specialty Lending, Inc. (TSLX) financial analysis — history, returns, DCA and operating performance tools
Historical returns with dividends reinvested
Dollar cost averaging vs lump sum
Yield, growth, payout safety & DRIP
EPS trends, net income & profitability
Long-term charts & historical price data
Sales growth patterns & revenue breakdown
30 years of market, efficiency and balance-sheet ratios
DCF intrinsic value, peer multiples & estimates