$17.27
-4.1%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.
Excellent cash generation. The company converts earnings to cash at or above 100%, indicating high-quality earnings.
Flat FCF growth. Stable but not expandingโmonitor for signs of business maturity or temporary headwinds.
Working capital inflow boosted cash flow. Efficient management of receivables, inventory, and payables contributing positively.
Asset-light with strong cash conversion: Low capital requirements combined with efficient cash generation creates significant shareholder value through dividends, buybacks, or strategic investments.
TSLX โข NYSE
| Sixth Street Specialty Lending, Inc. Cash Flow Statement | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | Dec 2015 | Dec 2014 | Dec 2013 | Dec 2012 | Dec 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 |
TSLX - Filing history and reports
| Filing Type | Filing Date | Period Ending | Fiscal Year | Actions |
|---|---|---|---|---|
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 |
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