Sixth Street Specialty Lending, Inc. (TSLX) Earnings History
Earnings Pressure15 years of earnings data (2011–2025) · 5-year EPS trend is negative
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Sixth Street Specialty Lending, Inc. (TSLX) Earnings Overview
As of June 28, 2026, Sixth Street Specialty Lending, Inc. (TSLX) reported trailing twelve-month net income of $41.18B, reflecting -10.8% year-over-year growth. The company earned $434.80 per diluted share over the past four quarters, with a net profit margin of 47.3%.
Looking at the long-term picture, TSLX's 5-year EPS compound annual growth rate (CAGR) stands at -7.3%, signaling declining earnings. The company achieved its highest annual net income of $222M in fiscal 2023.
Sixth Street Specialty Lending, Inc. maintains industry-leading profitability with a gross margin of 72.8%, operating margin of 53.5%, and net margin of 47.3%. This margin structure demonstrates strong pricing power and operational efficiency. View revenue history →
Compared to peers including ARCC ($1.15B net income, 41.3% margin), GBDC ($205M net income, 43.2% margin), FSK (-$550M net income, 0.9% margin), TSLX has outperformed on profitability metrics. Compare TSLX vs ARCC →
TSLX Earnings vs Peers
Earnings metrics vs comparable public companies
TSLX Historical Earnings Data (2011–2025)
15 years| Fiscal Year | Net Income | YoY % | Operating Income | EPS (Diluted) | Net Margin | Op. Margin |
|---|---|---|---|---|---|---|
| 2025 | $171M | -8.6% | $193M | $1.81 | 47.3% | 53.5% |
| 2024 | $187M | -16.0% | $193M | $2.03 | 51.9% | 53.7% |
| 2023 | $222M | +105.5% | $224M | $2.61 | 60.0% | 60.5% |
| 2022 | $108M | -49.0% | $111M | $1.38 | 57.7% | 59.4% |
| 2021 | $212M | +18.9% | $214M | $2.79 | 79.5% | 80.4% |
| 2020 | $178M | +15.2% | $184M | $2.65 | 75.7% | 78.1% |
| 2019 | $155M | +29.9% | $158M | $2.34 | 70.1% | 71.8% |
| 2018 | $119M | +6.6% | $122M | $1.86 | 66.9% | 68.8% |
| 2017 | $112M | -18.5% | $114M | $1.86 | 73.2% | 75.1% |
| 2016 | $137M | +115.5% | $139M | $2.34 | 78.2% | 79.5% |
| 2015 | $64M | -25.3% | $65M | $1.18 | 63.4% | 64.9% |
| 2014 | $85M | +27.0% | $86M | $1.68 | 78.9% | 80.0% |
| 2013 | $67M | +69.2% | $67M | $1.93 | 87.1% | 87.3% |
| 2012 | $40M | +4770.2% | $40M | $1.93 | 84.8% | 84.9% |
| 2011 | $813,000 | - | $813,000 | $0.02 | 14.3% | 14.3% |
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TSLX — Frequently Asked Questions
Quick answers to the most common questions about buying TSLX stock.
What is TSLX earnings per share (EPS)?
TSLX trailing twelve-month (TTM) diluted EPS is $434.80, reflecting -10.8% year-over-year growth. The 5-year EPS CAGR is -7.3%. Complete EPS history from 2011 to 2025 is available in the table on this page.
What is Sixth Street Specialty Lending, Inc.'s net income?
Sixth Street Specialty Lending, Inc. (TSLX) trailing twelve-month net income is $41.2B as of 2025. Earnings declined -10.8% year-over-year. Sixth Street Specialty Lending, Inc. has been profitable for 15 consecutive years.
Is TSLX profitable?
Yes, TSLX is profitable with a TTM net income of $41.2B and a net profit margin of +47.3%. Sixth Street Specialty Lending, Inc. has generated profits for 15 consecutive years.
What is TSLX's earnings growth rate?
TSLX compound annual EPS growth rates (CAGR): 1-Year: -10.8%, 3-Year: +9.5%, 5-Year: -7.3%, 10-Year: +4.4%. These figures measure the annualised rate of diluted EPS growth over each period, based on data from 2011 to 2025.
What are TSLX's profit margins?
Sixth Street Specialty Lending, Inc. net profit margin is +47.3%, operating margin is +53.5%, and gross margin is +72.8%. Above-average net margins reflect strong pricing power and competitive moat. Return on Equity is +10.6%.
Is TSLX growing earnings?
TSLX earnings are declining — EPS fell -10.8% year-over-year. TTM net income dropped to $41.2B. This contrasts with the 5-year CAGR of -7.3%.
What was TSLX's best earnings year?
Sixth Street Specialty Lending, Inc.'s highest annual net income on record is $222M, achieved in fiscal year 2023. Earnings history on this page spans 2011 to 2025 and includes all annual and quarterly figures.
What were TSLX's earnings last quarter?
TSLX's most recent reported quarter was Q1 2026. Net income was $41.0B with diluted EPS of $-0.27. For a full breakdown of all quarters, see the quarterly earnings table on this page.