← Back to Screener
ScreenerNewsCompareWatchlist
VCP ScannerFree US Stock Screener & Financial AnalysisFree US Stock Screener
ScreenerThemesNewsCompareWatchlist
AnalyzeValuationTotal ReturnDCA CalculatorInsider Activity

TSLX logoSixth Street Specialty Lending, Inc.(TSLX)Earnings, Financials & Key Ratios

TSLX•NYSE•Banking & Credit
$17.91
$1.7B mkt cap·9.9× P/E·Price updated May 6, 2026
SectorFinancial ServicesIndustryAsset ManagementSub-IndustryPrivate credit and BDC lenders
AboutSixth Street Specialty Lending, Inc. (NYSE: TSLX) is a business development company. The fund provides senior secured loans (first-lien, second-lien, and unitranche), unsecured loans, mezzanine debt, and investments in corporate bonds and equity securities and structured products, non-control structured equity, and common equity with a focus on co-investments for organic growth, acquisitions, market or product expansion, restructuring initiatives, recapitalizations, and refinancing. The fund invests in business services, software & technology, healthcare, energy, consumer & retail, manufacturing, industrials, royalty related businesses, education, and specialty finance. It seeks to finance and lending to middle market companies principally located in the United States. The fund invests in companies with enterprise value between $50 million and $1 billion or more and EBITDA between $10 million and $250 million. The transaction size is between $15 million and $350 million. The fund invests across the spectrum of the capital structure and can arrange syndicated transactions of up to $500 million and hold sizeable positions within its credits.Show more
  • Net Interest Income$323M-6.4%
  • Total Revenue$360M+0.1%
  • Net Income$171M-8.6%
  • Return on Equity10.61%-11.8%
  • Net Interest Margin9.45%-2.0%
  • Efficiency Ratio19.3%+16.0%
  • ROA4.87%-9.6%
  • Equity / Assets46.99%+4.7%
  • Book Value per Share16.98-2.8%
  • Tangible BV/Share16.98-2.8%
  • Debt/Equity1.08-8.3%
Technical→

TSLX Key Insights

Sixth Street Specialty Lending, Inc. (TSLX) fundamental analysis — strengths, weaknesses & financial health based on data analysis

✓Strengths

  • ✓Strong NIM of 9.5%
  • ✓Efficient operations: 19.3% efficiency ratio
  • ✓Well capitalized: 47.0% equity/assets
  • ✓Trading at only 1.1x book value

✗Weaknesses

No significant weaknesses identified

* These insights are generated automatically based on available financial data. Please conduct your own research before making investment decisions.

TSLX Price & Volume

Sixth Street Specialty Lending, Inc. (TSLX) stock price & volume — 10-year historical chart

Loading chart...

TSLX Growth Metrics

Sixth Street Specialty Lending, Inc. (TSLX) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR

Revenue CAGR

10 Years13.65%
5 Years8.88%
3 Years24.39%
TTM-

Profit CAGR

10 Years10.37%
5 Years-0.87%
3 Years16.42%
TTM23297.21%

EPS CAGR

10 Years4.37%
5 Years-7.34%
3 Years9.46%
TTM-38.83%

Return on Capital

10 Years7.05%
5 Years6.31%
3 Years6.16%
Last Year5.55%

TSLX Recent Earnings

Sixth Street Specialty Lending, Inc. (TSLX) EPS & revenue vs analyst estimates — last 4 quarters

Full history →
●Beat EPS 8/12 qtrs (67%)●Beat Revenue 4/12 qtrs (33%)
Q2 2026Latest
May 5, 2026
EPS
$0.42
Est $0.49
-14.3%
Revenue
$93M
Est $103M
-9.4%
Q1 2026
Feb 12, 2026
EPS
$0.52
Est $0.50
+4.0%
Revenue
$108M
Est $104M
+3.7%
Q4 2025
Nov 4, 2025
EPS
$0.53
Est $0.52
+1.9%
Revenue
$81M
Est $107M
-24.2%
Q3 2025
Jul 30, 2025
EPS
$0.56
Est $0.53
+5.7%
Revenue
$112M
Est $108M
+3.8%
QuarterDateEPS (Act vs Est)Revenue (Act vs Est)
Q2 2026LatestMay 5, 2026
$0.42vs $0.49-14.3%
$93Mvs $103M-9.4%
Q1 2026Feb 12, 2026
$0.52vs $0.50+4.0%
$108Mvs $104M+3.7%
Q4 2025Nov 4, 2025
$0.53vs $0.52+1.9%
$81Mvs $107M-24.2%
Q3 2025Jul 30, 2025
$0.56vs $0.53+5.7%
$112Mvs $108M+3.8%
Based on last 12 quarters of dataView full earnings history →

TSLX Peer Comparison

Sixth Street Specialty Lending, Inc. (TSLX) competitors in Private credit and BDC lenders — business model, growth, and fundamentals comparison

Select Columns
Stock Universe
Valuation
Growth
Profitability
Financial Health
Dividends & Buybacks
Price Performance
Technical
Fundamentals ($)
Sector-Specific
CompanyMarket CapStock PriceP/E Ratio (TTM)Revenue Growth 1YNet MarginReturn on Equity (ROE)FCF YieldDebt / Equity
ARCC logoARCCAres Capital CorporationDirect Competitor13.76B19.1610.3032.87%8.11%1.12
GBDC logoGBDCGolub Capital BDC, Inc.Direct Competitor3.47B13.319.3742.5%5.24%1.23
FSK logoFSKFS KKR Capital Corp.Direct Competitor3.2B11.42290.595.5%0.18%1.31
OBDC logoOBDCBlue Owl Capital CorporationDirect Competitor5.84B11.769.4852.55%7.29%1.26
CGBD logoCGBDCarlyle Secured Lending, Inc.Direct Competitor866.09M11.887.52-2.92%6.2%1.07
MFIC logoMFICMidCap Financial Investment CorporationDirect Competitor1.11B12.0717.7521.25%2.51%1.53
PSEC logoPSECProspect Capital CorporationProduct Competitor1.32B2.78-2.06-159.23%-5.11%0.70
SLRC logoSLRCSLR Investment Corp.Product Competitor761.04M13.958.2124.76%7.31%1.15

Compare TSLX vs Peers

Sixth Street Specialty Lending, Inc. (TSLX) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.

Closest Rival

vs ARCC

Most directly comparable listed peer for TSLX.

Scale Benchmark

vs BX

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

Peer Set

Compare Top 5

vs ARCC, GBDC, FSK, OBDC

TSLX Income Statement

Sixth Street Specialty Lending, Inc. (TSLX) annual income statement — 10-year revenue, gross profit & net income history

10Y historyFree accessUpdated daily
Line itemDec'17Dec'18Dec'19Dec'20Dec'21Dec'22Dec'23Dec'24Dec'25TTM
Net Interest Income177.12M213.37M197.07M208.63M226.25M246.98M322.38M345.54M323.46M238.66M
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 Income200.73M249.93M237.14M245.68M266.66M297.64M418.78M452.31M429.02M317.04M
Interest Expense23.61M36.56M40.06M37.04M40.41M50.66M96.39M106.77M105.56M78.38M
Loan Loss Provision00000000-7.74M-7.74M
Non-Interest Income-48.27M-71.99M-16.66M-10.28M-393K-110.48M-48.98M-92.57M-68.81M91.16B
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 Expense14.41M18.98M22.08M14.48M11.79M25.26M49.57M59.85M69.5M3.17B
Efficiency Ratio9.45%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 Tax2.83M3.38M3.75M5.76M2.29M3.18M1.81M6.55M5.74M4.39M
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)111.61M119.02M154.58M178.11M211.78M108.05M222.02M186.57M170.52M41.18B
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)1.861.862.342.652.931.382.612.031.81-
Diluted Shares Outstanding60M65.41M66.07M67.21M77.7M78.2M85.13M92.04M94.71M94.71M

TSLX Balance Sheet

Sixth Street Specialty Lending, Inc. (TSLX) balance sheet — assets, liabilities & shareholders' equity

Line itemDec'17Dec'18Dec'19Dec'20Dec'21Dec'22Dec'23Dec'24Dec'25TTM
Cash & Short Term Investments3.52M3.27M4.83M2.46M1.57M10.21M1.22M4.97M2.94M29.25B
Cash & Due from Banks3.52M3.27M4.83M2.46M1.57M10.21M1.22M4.97M2.94M29.18B
Short Term Investments0000000000
Total Investments135.92M56.51M47.92M36.68M000003.31T
Investments Growth %106.38%-58.43%-15.2%-23.46%-100%----0%
Long-Term Investments135.92M56.51M47.92M36.68M000000
Accounts Receivables6.76M8.83M13.05M8.58M0000034.55B
Goodwill & Intangibles0000000000
Goodwill0000000000
Intangible Assets0000000000
PP&E (Net)0000000000
Other Assets1.56B1.66B2.21B2.27B2.55B2.82B3.34B3.57B3.42B0
Total Current Assets23.36M17.05M25.69M28.91M5.09M14.74M8.79M10.93M2.94M63.73B
Total Non-Current Assets1.7B1.71B2.26B2.31B2.55B2.82B3.34B3.57B3.42B0
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 Payable23.49M25.5M25.93M27.73M30.93M00000
Total Debt703.43M608.01M1.09B1.11B1.19B1.44B1.78B1.9B1.74B0
Net Debt699.91M604.74M1.09B1.11B1.18B1.43B1.78B1.9B1.74B-29.18B
Long-Term Debt703.43M608.01M1.09B1.11B1.19B1.44B1.78B1.9B1.74B0
Short-Term Debt0000000000
Other Liabilities24.04M33.62M41.24M39.19M36.8M28.87M40.91M44.95M44.4M1.85T
Total Current Liabilities23.49M25.5M25.93M27.73M53.24M24.71M26.21M28.6M26.3M0
Total Non-Current Liabilities727.47M641.62M1.14B1.15B1.22B1.47B1.82B1.95B1.79B1.85T
Total Liabilities750.95M667.12M1.16B1.18B1.28B1.5B1.85B1.97B1.81B1.85T
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 Share16.1616.2516.9417.2816.4217.1617.5817.4716.9816288.56
Tangible BV per Share16.1616.2516.9417.2816.4217.1617.5817.4716.9816288.56
Common Stock603K655K666K680K761K821K885K943K954K957M
Additional Paid-in Capital906.52M991.92M1.01B1.03B1.19B1.29B1.41B1.52B1.54B0
Retained Earnings63.52M71.99M110.72M139.25M90.1M56.46M100.78M97.71M81.64M0
Accumulated OCI0000000000
Treasury Stock-1.36M-1.36M-1.36M-4.29M-4.29M-10.46M-10.46M-10.46M-10.46M0
Preferred Stock0000000000

TSLX Cash Flow Statement

Sixth Street Specialty Lending, Inc. (TSLX) cash flow — operating, investing & free cash flow history

Line itemDec'17Dec'18Dec'19Dec'20Dec'21Dec'22Dec'23Dec'24Dec'25TTM
Cash from Operations84.29M133.42M118.11M135.97M112.62M71.83M191.97M187.25M180.28M180.28M
Operating CF Growth %1.15%58.28%-11.48%15.13%-17.17%-36.22%167.25%-2.46%-3.72%-56020.64%
Net Income111.61M119.02M154.58M178.11M211.78M108.05M222.02M186.57M170.52M41.18B
Depreciation & Amortization000000000-4.64B
Deferred Taxes0000000000
Other Non-Cash Items-23.32M458K-44.47M-59.8M-101.9M32.11M-54.84M-12.43M-3.71M-18.73B
Working Capital Changes-3.99M13.95M7.99M17.67M2.75M-68.33M24.79M13.11M13.47M19.82M
Cash from Investing-1.91M-14.23M-496.15M9.1M-110.17M-296.37M-428.76M-232.74M221.29M-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 Investments1.03B823.98M621.97M1.05B1.09B699.25M514.69M863.4M1.34B1.05B
Net Investment Activity-1.91M-14.23M-496.15M9.1M-110.17M-296.37M-428.76M-232.74M221.29M-162.66B
Acquisitions0000000000
Other Investing0000000000
Cash from Financing-81.68M-115.28M381.61M-145.94M241K234.21M236.34M47.62M-409.24M32.59B
Dividends Paid-94.69M-95.91M-98.06M-130.45M-221.94M-144.73M-156.42M-168.72M-170.32M-39.15B
Share Repurchases00000-6.17M0000
Stock Issued071.81M0085.9M089.2M93.31M00
Net Stock Activity071.81M0085.9M-6.17M89.2M93.31M00
Debt Issuance (Net)1000K-1000K1000K-1000K1000K1000K1000K1000K-1000K1000K
Other Financing000-2.93M0000-7.32M71.66B
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 Effect0000000000
Cash at Beginning5.95M6.67M10.57M14.14M13.27M15.97M25.65M25.2M27.33M19.66B
Cash at End6.67M10.57M14.14M13.27M15.97M25.65M25.2M27.33M19.66M29.18B
Interest Paid0000000000
Income Taxes Paid0000000000
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%

TSLX Banking Ratios

Sixth Street Specialty Lending, Inc. (TSLX) financial ratios — P/E, ROE, debt and 30+ core market and balance-sheet ratios

Metric201720182019202020212022202320242025TTM
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 Margin10.3%12.33%8.64%8.92%8.87%8.71%9.64%9.65%9.45%0.01%
Efficiency Ratio9.45%10.67%10.02%6.15%4.43%13.49%13.41%16.64%19.3%3.47%
Equity / Assets56.35%61.45%49.07%49.66%50%47.29%44.75%44.88%46.99%45.46%
Book Value / Share16.1616.2516.9417.2816.4217.1617.5817.4716.9816.29K
NII Growth13.03%20.46%-7.64%5.87%8.45%9.16%30.53%7.18%-6.39%-30.73%
Dividend Payout84.85%80.58%63.44%73.24%40.53%125.01%61.73%79.62%99.89%0.34%

TSLX SEC Filings & Documents

Sixth Street Specialty Lending, Inc. (TSLX) SEC filings — annual & quarterly reports (10-K, 10-Q)

8-K Announcements

6
Material company update

May 5, 2026·SEC

Material company update

Feb 23, 2026·SEC

Material company update

Feb 12, 2026·SEC

10-K Annual Reports

3
FY 2026

Feb 12, 2026·SEC

FY 2025

Feb 13, 2025·SEC

FY 2024

Feb 15, 2024·SEC

10-Q Quarterly Reports

6
FY 2026

May 5, 2026·SEC

FY 2025

Nov 4, 2025·SEC

FY 2025

Jul 30, 2025·SEC

TSLX Frequently Asked Questions

Sixth Street Specialty Lending, Inc. (TSLX) stock FAQ — growth, dividends, profitability & financials explained

Growth & Financials

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).

Dividend & Returns

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.

Industry Metrics

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.

Explore More TSLX

Sixth Street Specialty Lending, Inc. (TSLX) financial analysis — history, returns, DCA and operating performance tools

Total Return Calculator

Historical returns with dividends reinvested

→

DCA Calculator

Dollar cost averaging vs lump sum

→

Dividend History

Yield, growth, payout safety & DRIP

→

Earnings History

EPS trends, net income & profitability

→

Price History

Long-term charts & historical price data

→

Revenue History

Sales growth patterns & revenue breakdown

→

Financial Ratios

30 years of market, efficiency and balance-sheet ratios

→

Valuation

DCF intrinsic value, peer multiples & estimates

→
VCP ScannerFree US Stock Screener & Financial Analysis

Find stocks. Verify deeply. Act with conviction.

Patterns find ideas. Fundamentals build conviction.

Data updated daily

Quick Links

  • Home
  • Screener
  • Themes
  • Market Valuation
  • Valuation
  • Compare
  • Total Return
  • DCA Calculator
  • News
  • Insights
  • Methodology
  • How It Works
  • Profile

Popular Screens

  • VCP Hot
  • VCP Warm
  • Value Screens
  • Growth Screens
  • Momentum Screens
  • Technical Screens
  • Quality Screens

Community

  • Follow @VCPScanner on X

Get weekly stock ideas — free

© 2026 VCP Scanner. All rights reserved.
About·Privacy Policy·Terms of Service
Not financial advice. Do your own research.