Symbols / TSLX Stock $18.93 -0.21% Sixth Street Specialty Lending, Inc.

Financial Services • Asset Management • United States • NYQ
TSLX (Stock) Chart
O: — H: — L: — C: — V: —
SMA 20: — SMA 50: — SMA 200: —
About

Sixth 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, growth capital, buyout, and refinancing. The fund invests in business services, software & technology, healthcare, energy, consumer & retail, manufacturing, industrials, royalty related businesses, education, and specialty finance. The fund 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 $1000 million or more and EBITDA between $10 million and $250 million. The debt 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.

Fundamentals
Scroll to Statements
Market Cap 1.80B Enterprise Value 3.53B Income 170.52M Sales 449.06M Book/sh 16.98 Cash/sh 0.03
Dividend Yield 9.72% Payout 113.26% Employees — IPO — P/E 10.46 Forward P/E 9.69
PEG 1.28 P/S 4.01 P/B 1.12 P/C — EV/EBITDA — EV/Sales 7.87
Quick Ratio 1.41 Current Ratio 2.83 Debt/Eq 108.43 LT Debt/Eq — EPS (ttm) 1.81 EPS next Y 1.95
EPS Growth -42.70% Revenue Growth -12.50% Earnings 2026-05-05 ROA 6.16% ROE 10.61% ROIC —
Gross Margin 100.00% Oper. Margin 77.00% Profit Margin 37.97% Shs Outstand 95.02M Shs Float — Short Float 8.99%
Short Ratio 6.36 Short Interest — 52W High 25.17 52W Low 16.99 Beta 0.69 Avg Volume 1.11M
Volume 423.36K Target Price $22.00 Recom Buy Prev Close $18.97 Price $18.93 Change -0.21%
Valuation Models

Price estimates from analyst targets and simple models.

1. Analyst consensus
$22.00
Mean price target
2. Current target
$18.93
Latest analyst target
3. DCF / Fair value
$23.35
Simplified: (Free Cash Flow ÷ Shares) × 18 (P/FCF multiple). Not a …
Ratings
Current target
$18.93
Low
$18.50
High
$25.00
Mean
$22.00

Latest analyst rating changes

Date Action Analyst Rating Change Price Target
2026-04-22 main Citizens Market Outperform → Market Outperform $24
2026-03-18 init LUCID CAPITAL MARKETS — → Buy $21
2026-03-13 main JP Morgan Neutral → Neutral $19
2026-02-20 main RBC Capital Outperform → Outperform $22
2026-02-18 reit Citizens Market Outperform → Market Outperform $25
2026-02-17 main JP Morgan Neutral → Neutral $21
2026-02-17 main Keefe, Bruyette & Woods Outperform → Outperform $22
2026-02-17 main Truist Securities Buy → Buy $22
2026-02-17 main Wells Fargo Overweight → Overweight $20
2025-11-19 main RBC Capital Outperform → Outperform $24
2025-11-06 main Wells Fargo Overweight → Overweight $22
2025-11-06 main Keefe, Bruyette & Woods Outperform → Outperform $23
2025-10-01 down JP Morgan Overweight → Neutral $24
2025-08-06 main JMP Securities Market Outperform → Market Outperform $25
2025-08-01 main Wells Fargo Overweight → Overweight $24
2025-05-02 main Wells Fargo Overweight → Overweight $21
2025-05-02 main Raymond James Outperform → Outperform $23
2025-04-28 main Wells Fargo Overweight → Overweight $22
2025-04-24 main JP Morgan Overweight → Overweight $22
2025-02-26 main RBC Capital Outperform → Outperform $25
News
RSS: Latest TSLX news
Insider Transactions
Filed Date Insider Relationship Transaction Shares Price Value SEC
2026-03-10 WAXMAN ALAN Officer — 245,000 $18.18 $4,467,150
2026-03-06 WAXMAN ALAN Officer — 300,000 $18.42 $5,530,000
2026-03-06 COVINGTON P. EMERY Director — 7,500 $18.35 $137,625
2026-03-02 STIEPLEMAN DAVID Officer and Director — 20,200 $17.65 $356,530
2026-03-02 PECK JOSHUA Officer — 2,840 $17.59 $49,956
2026-02-27 PLUSS STEVEN Officer — 15,000 $17.72 $265,800
2026-02-26 GRAF MICHAEL A Chief Financial Officer — 1,000 $18.26 $18,260
2025-11-18 STANLEY ROBERT J Chief Executive Officer — 10,000 $20.85 $208,500
2024-11-20 GRAF MICHAEL A Officer — 1,000 $20.53 $20,530
2024-08-07 GRAF MICHAEL A Chief Financial Officer — 500 $20.45 $10,225
Financials
Statement View
Amounts in millions (2 decimals, no suffix) • EPS per share (2 decimals) • Trend = period evolution • YoY Growth = previous period %
Line Item Trend 2025-12-31 2024-12-31 2023-12-31 2022-12-31
Total Revenue
216.57
-14.39%
252.97
-7.47%
273.41
+100.31%
136.49
Operating Revenue
216.57
-14.39%
252.97
-7.47%
273.41
+100.31%
136.49
Operating Expense
40.31
-32.65%
59.85
+20.74%
49.57
+96.29%
25.26
Selling General And Administration
14.90
+6.86%
13.95
+4.00%
13.41
+0.40%
13.36
General And Administrative Expense
14.90
+6.86%
13.95
+4.00%
13.41
+0.40%
13.36
Other Operating Expenses
25.41
-44.64%
45.91
+26.95%
36.16
+203.88%
11.90
Net Income
170.52
-8.60%
186.57
-15.97%
222.02
+105.48%
108.05
Pretax Income
176.26
-8.73%
193.12
-13.72%
223.83
+101.22%
111.24
Net Interest Income
323.51
-6.38%
345.54
+7.18%
322.38
+30.53%
246.98
Interest Expense
102.85
-3.67%
106.77
+10.76%
96.39
+90.27%
50.66
Interest Income
426.36
-5.74%
452.31
+8.01%
418.78
+40.70%
297.64
Gain On Sale Of Security
-47.41
-624.68%
9.04
-26.25%
12.25
-27.86%
16.99
Tax Provision
5.74
-12.42%
6.55
+262.24%
1.81
-43.17%
3.18
Tax Rate For Calcs
0.00
-4.04%
0.00
+319.85%
0.00
-71.76%
0.00
Tax Effect Of Unusual Items
0.00
0.00
0.00
0.00
Net Income Including Noncontrolling Interests
170.52
-8.60%
186.57
-15.97%
222.02
+105.48%
108.05
Net Income From Continuing Operation Net Minority Interest
170.52
-8.60%
186.57
-15.97%
222.02
+105.48%
108.05
Net Income From Continuing And Discontinued Operation
170.52
-8.60%
186.57
-15.97%
222.02
+105.48%
108.05
Net Income Continuous Operations
170.52
-8.60%
186.57
-15.97%
222.02
+105.48%
108.05
Normalized Income
170.52
-8.60%
186.57
-15.97%
222.02
+105.48%
108.05
Net Income Common Stockholders
170.52
-8.60%
186.57
-15.97%
222.02
+105.48%
108.05
Diluted EPS
1.81
-10.84%
2.03
-22.22%
2.61
+89.13%
1.38
Basic EPS
1.81
-10.84%
2.03
-22.22%
2.61
+89.13%
1.38
Basic Average Shares
94.10
+2.24%
92.04
+8.11%
85.13
+8.87%
78.20
Diluted Average Shares
94.10
+2.24%
92.04
+8.11%
85.13
+8.87%
78.20
Diluted NI Availto Com Stockholders
170.52
-8.60%
186.57
-15.97%
222.02
+105.48%
108.05
Average Dilution Earnings
—
—
0.00
0.00
Line Item Trend 2025-12-31 2024-12-31 2023-12-31 2022-12-31
Total Assets
3,421.66
-4.48%
3,582.22
+7.13%
3,343.81
+17.87%
2,836.95
Cash And Cash Equivalents
2.94
-40.90%
4.97
+308.05%
1.22
-88.08%
10.21
Receivables
34.13
+11.84%
30.52
+9.11%
27.97
+48.41%
18.85
Prepaid Assets
—
5.97
-21.26%
7.58
+67.32%
4.53
Investments And Advances
3,347.32
-4.86%
3,518.41
+7.17%
3,283.07
+17.76%
2,787.93
Total Liabilities Net Minority Interest
1,813.93
-8.14%
1,974.70
+6.89%
1,847.43
+23.54%
1,495.38
Payables
26.30
-8.06%
28.60
+9.10%
26.21
+6.09%
24.71
Accounts Payable
—
—
—
0.00
Other Payable
26.30
-8.06%
28.60
+9.10%
26.21
+6.09%
24.71
Long Term Debt And Capital Lease Obligation
1,743.23
-8.31%
1,901.14
+6.79%
1,780.31
+23.48%
1,441.80
Stockholders Equity
1,607.72
+0.01%
1,607.53
+7.43%
1,496.38
+11.54%
1,341.57
Common Stock Equity
1,607.72
+0.01%
1,607.53
+7.43%
1,496.38
+11.54%
1,341.57
Capital Stock
0.95
+1.17%
0.94
+6.55%
0.89
+7.80%
0.82
Common Stock
0.95
+1.17%
0.94
+6.55%
0.89
+7.80%
0.82
Preferred Stock
0.00
0.00
0.00
0.00
Share Issued
95.37
+1.11%
94.33
+6.59%
88.49
+7.85%
82.05
Ordinary Shares Number
94.71
+1.11%
93.66
+6.64%
87.83
+7.91%
81.39
Treasury Shares Number
0.66
+0.00%
0.66
+0.00%
0.66
+0.00%
0.66
Additional Paid In Capital
1,535.58
+1.07%
1,519.34
+8.12%
1,405.17
+8.53%
1,294.75
Retained Earnings
81.64
-16.44%
97.71
-3.04%
100.78
+78.50%
56.46
Treasury Stock
10.46
+0.00%
10.46
+0.00%
10.46
+0.00%
10.46
Total Equity Gross Minority Interest
1,607.72
+0.01%
1,607.53
+7.43%
1,496.38
+11.54%
1,341.57
Total Capitalization
3,350.95
-4.50%
3,508.67
+7.08%
3,276.68
+17.72%
2,783.36
Invested Capital
3,350.95
-4.50%
3,508.67
+7.08%
3,276.68
+17.72%
2,783.36
Total Debt
1,743.23
-8.31%
1,901.14
+6.79%
1,780.31
+23.48%
1,441.80
Net Debt
1,740.30
-8.22%
1,896.18
+6.58%
1,779.09
+24.27%
1,431.59
Net Tangible Assets
1,607.72
+0.01%
1,607.53
+7.43%
1,496.38
+11.54%
1,341.57
Tangible Book Value
1,607.72
+0.01%
1,607.53
+7.43%
1,496.38
+11.54%
1,341.57
Cash Cash Equivalents And Federal Funds Sold
19.66
-28.05%
27.33
+8.46%
25.20
-1.76%
25.65
Financial Assets Designatedas Fair Value Through Profitor Loss Total
3,347.32
-4.86%
3,518.41
+7.17%
3,283.07
+17.76%
2,787.93
Investmentin Financial Assets
3,347.32
-4.86%
3,518.41
+7.17%
3,283.07
+17.76%
2,787.93
Line Item Trend 2025-12-31 2024-12-31 2023-12-31 2022-12-31
Operating Cash Flow
401.58
+982.76%
-45.49
+80.79%
-236.79
-5.46%
-224.53
Net Income From Continuing Operations
170.52
-8.60%
186.57
-15.97%
222.02
+105.48%
108.05
Other Non Cash Items
-43.13
-2.22%
-42.20
-42.49%
-29.61
-14.69%
-25.82
Gain Loss On Investment Securities
223.93
+218.49%
-188.98
+58.92%
-460.04
-99.83%
-230.22
Net Foreign Currency Exchange Gain Loss
36.78
+362.96%
-13.99
-330.92%
6.06
+173.77%
-8.21
Change In Working Capital
13.47
+2.78%
13.11
-47.11%
24.79
+136.28%
-68.33
Change In Receivables
-3.61
-41.78%
-2.55
+72.06%
-9.12
-13.03%
-8.07
Change In Prepaid Assets
-4.29
-363.70%
1.63
+153.39%
-3.05
-201.58%
-1.01
Change In Accrued Expense
-5.07
+5.66%
-5.38
-222.66%
4.38
+149.44%
-8.86
Change In Payable
-2.31
-196.61%
2.39
+58.43%
1.51
-37.01%
2.39
Change In Other Current Liabilities
28.76
+68.97%
17.02
-45.22%
31.07
+158.87%
-52.78
Financing Cash Flow
-409.24
-959.34%
47.62
-79.85%
236.34
+0.91%
234.21
Net Issuance Payments Of Debt
-231.60
-275.66%
131.84
-57.87%
312.97
-19.63%
389.41
Issuance Of Debt
1,336.18
-25.14%
1,784.91
+15.44%
1,546.23
+16.27%
1,329.87
Repayment Of Debt
-1,567.78
+5.16%
-1,653.06
-34.04%
-1,233.26
-31.13%
-940.46
Long Term Debt Issuance
1,336.18
-25.14%
1,784.91
+15.44%
1,546.23
+16.27%
1,329.87
Long Term Debt Payments
-1,567.78
+5.16%
-1,653.06
-34.04%
-1,233.26
-31.13%
-940.46
Net Long Term Debt Issuance
-231.60
-275.66%
131.84
-57.87%
312.97
-19.63%
389.41
Net Common Stock Issuance
0.00
-100.00%
93.31
+4.60%
89.20
+1546.24%
-6.17
Common Stock Payments
—
0.00
0.00
+100.00%
-6.17
Common Stock Dividend Paid
-170.32
-0.95%
-168.72
-7.86%
-156.42
-8.08%
-144.73
Cash Dividends Paid
-170.32
-0.95%
-168.72
-7.86%
-156.42
-8.08%
-144.73
Repurchase Of Capital Stock
—
0.00
0.00
+100.00%
-6.17
Net Other Financing Charges
0.00
0.00
0.00
0.00
Changes In Cash
-7.67
-459.57%
2.13
+572.73%
-0.45
-104.66%
9.68
Beginning Cash Position
27.33
+8.46%
25.20
-1.76%
25.65
+60.63%
15.97
End Cash Position
19.66
-28.05%
27.33
+8.46%
25.20
-1.76%
25.65
Free Cash Flow
401.58
+982.76%
-45.49
+80.79%
-236.79
-5.46%
-224.53
Common Stock Issuance
0.00
-100.00%
93.31
+4.60%
89.20
0.00
Issuance Of Capital Stock
0.00
-100.00%
93.31
+4.60%
89.20
0.00
SEC Filings

Recent 10-K, 10-Q, 8-K, and Form 4 (insider) filings.

Trades
Date User Broker Pattern Type Position Size Entry Price Trade P&L Status
Posts
Published Title Author Category