Sixth Street Specialty Lending, Inc.

Sixth Street Specialty Lending, Inc.

TSLXยทNYSE

$17.27

-4.1%
Financial ServicesAsset Management

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, 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.

At a Glance

Live Snapshot
Market Cap$1.64B
EPS1.8100
P/E Ratio9.54
Earnings Date07/29/2026
3Y+151.0%
5Y+33.0%
10Y+116.0%
3Y-175.0%
5Y+2333.0%
10Y-277.0%
3Y-275.0%
5Y+180.0%
10Y-1115.0%
TSLX

Sixth Street Specialty Lending, Inc. Cash Conversion Engine

TSLX ยท NYSE
Net Income170.52M
Depreciation & Amortization0.00
Stock-Based Compensation0.00
Change in Working Capital13.47M
Others-3.71M
Capital Expenditures0.00
Free Cash Flow180.28M

Cash Flow Quality Analysis

FCF Conversion Rate

105.7%

Excellent cash generation. The company converts earnings to cash at or above 100%, indicating high-quality earnings.

FCF Growth Trend

-3.7%

Flat FCF growth. Stable but not expandingโ€”monitor for signs of business maturity or temporary headwinds.

Working Capital Impact

+$13.47M

Working capital inflow boosted cash flow. Efficient management of receivables, inventory, and payables contributing positively.

Cash Flow Quality Insight

Asset-light with strong cash conversion: Low capital requirements combined with efficient cash generation creates significant shareholder value through dividends, buybacks, or strategic investments.

Sixth Street Specialty Lending, Inc. Cash Flow Statement

TSLX โ€ข NYSE

Sixth Street Specialty Lending, Inc. Cash Flow StatementDec 2025Dec 2024Dec 2023Dec 2022Dec 2021Dec 2020Dec 2019Dec 2018Dec 2017Dec 2016Dec 2015Dec 2014Dec 2013Dec 2012Dec 2011
OPERATING ACTIVITIES
170.5M
186.6M
222M
108.1M
211.8M
178.1M
154.6M
119M
111.6M
137M
63.6M
85.1M
67M
39.6M
813.8K
-3.7M
-12.4M
-54.8M
32.1M
-101.9M
-59.8M
-44.5M
458K
-23.3M
-51.6M
20M
-255.6M
-358.9M
-466M
-183M
13.5M
13.1M
24.8M
-68.3M
2.7M
17.7M
8M
13.9M
-4M
-2.1M
-23.4M
21.7M
2.3M
-3.7M
45.7K
180.3M
187.2M
192M
71.8M
112.6M
136M
118.1M
133.4M
84.3M
83.3M
60.2M
-148.8M
-289.6M
-430.1M
-182.1M
INVESTING ACTIVITIES
-1.1B
-1.1B
-943.5M
-995.6M
-1.2B
-1B
-1.1B
-838.2M
-1B
-720.7M
-757.3M
(0.0)
(0.0)
(0.0)
(0.0)
1.3B
863.4M
514.7M
699.3M
1.1B
1B
622M
824M
1B
595.5M
513.6M
0.0
0.0
0.0
0.0
(221.3M)
-232.7M
-428.8M
-296.4M
-110.2M
(9.1M)
-496.1M
-14.2M
-1.9M
-125.2M
-243.7M
(0.0)
(0.0)
(0.0)
(0.0)
FINANCING ACTIVITIES
0.0
93.3M
89.2M
-6.2M
85.9M
0.0
0.0
71.8M
0.0
76.9M
-27K
234.4M
56.9M
287.7M
172.9M
-231.6M
123M
303.6M
385.1M
136.3M
-12.6M
479.7M
-91.2M
13M
43.7M
261.6M
-34.1M
98.8M
171.5M
152.9M
-170.3M
-168.7M
-156.4M
-144.7M
-221.9M
-130.4M
-98.1M
-95.9M
-94.7M
-80.3M
-78.1M
-52.6M
-24.4M
-11M
(0.0)
(0.0)
(0.0)
(0.0)
-6.2M
(0.0)
(0.0)
(0.0)
(0.0)
(0.0)
-1.3M
-29K
(0.0)
(0.0)
(0.0)
-999.0
-7.3M
0.0
0.0
0.0
0.0
-2.9M
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
-409.2M
47.6M
236.3M
234.2M
241K
-145.9M
381.6M
-115.3M
-81.7M
40.3M
183.5M
147.8M
131.3M
448.2M
325.8M
CASH FLOW SUMMARY
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
4.1M
-11.6M
6.2M
2M
4.3M
1K
-7.7M
2.1M
-451K
9.7M
2.7M
-869K
3.6M
3.9M
711K
2.6M
-11.6M
5.1M
-156.4M
22.4M
143.7M
27.3M
25.2M
25.6M
16M
13.3M
14.1M
10.6M
6.7M
6M
2.4M
2.4M
3.5M
161.8M
143.7M
1K
19.7M
27.3M
25.2M
25.6M
16M
13.3M
14.1M
10.6M
6.7M
6M
3.3M
14.9M
9.8M
166.1M
143.7M
180.3M
187.2M
192M
71.8M
112.6M
136M
118.1M
133.4M
84.3M
83.3M
60.2M
-148.8M
-289.6M
-430.1M
-182.1M

SEC Filings

TSLX - Filing history and reports

Filing TypeFiling DatePeriod EndingFiscal YearActions
8-K

8-K 2026

N/A

May 22, 2026
May 21, 2026
2026
8-K

8-K 2026

N/A

May 14, 2026
May 14, 2026
2026
8-K

8-K 2026

N/A

May 05, 2026
May 05, 2026
2026
10-Q

10-Q 2026 Q1

Q1

May 05, 2026
March 31, 2026
2026
DEF 14A

DEF 14A 2026

N/A

April 09, 2026
May 21, 2026
2026
DEF 14A

DEF 14A 2026

N/A

April 09, 2026
May 21, 2026
2026
8-K

8-K 2026

N/A

February 23, 2026
February 19, 2026
2026
8-K

8-K 2026

N/A

February 12, 2026
February 12, 2026
2026
10-K

10-K 2025 FY

FY

February 12, 2026
December 31, 2025
2025
10-Q

10-Q 2025 Q3

Q3

November 04, 2025
September 30, 2025
2025
Showing 1 to 10 of 273 filings