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+92.0%
5Y+53.0%
10Y+87.0%
3Y+58.0%
5Y-4.0%
10Y+24.0%
3Y+151.0%
5Y+33.0%
10Y+116.0%
Sixth Street Specialty Lending, Inc.

Sixth Street Specialty Lending, Inc. Profit Bridge

TSLX ยท NYSE
Revenue360.21M
Cost of Goods Sold (97.82M)
Gross Profit262.39M
Operating Expenses (69.50M)
Operating Income192.89M
Interest Expense (105.56M)
Other Income/Expense-16.63M
Pretax Income176.26M
Income Tax (5.74M)
Net Income170.52M
Net Income
170.52M

Profitability Analysis

Gross Margin

72.8%

Exceptional pricing power and cost management. The company retains over half of revenue after direct costs.

Operating Margin

53.5%

Outstanding operational efficiency. The company generates substantial profit from core operations.

Net Profit Margin

47.3%

Exceptional profitability. The company converts a significant portion of revenue to bottom-line earnings.

Effective Tax Rate

3.3%

Below-average tax rate suggests effective tax planning, favorable jurisdictions, or tax credits.

Profitability Insight

Exceptional profitability across all levels: Strong pricing power, efficient operations, and healthy bottom line indicate a high-quality business with sustainable competitive advantages.

Sixth Street Specialty Lending, Inc. Income Statement

TSLX โ€ข NYSE

Sixth Street Specialty Lending, Inc. Income StatementDec 2025Dec 2024Dec 2023Dec 2022Dec 2021Dec 2020Dec 2019Dec 2018Dec 2017Dec 2016Dec 2015Dec 2014Dec 2013Dec 2012Dec 2011
REVENUE
360.2M
359.7M
369.8M
187.2M
266.3M
235.4M
220.5M
250.1M
198M
192.4M
170.2M
163.3M
93.7M
55.4M
4.9M
GROSS PROFIT
(97.8M)
(106.8M)
(96.4M)
(50.7M)
(40.4M)
(37M)
(40.1M)
(59M)
(49.7M)
(46.5M)
(41.2M)
(33.7M)
(28.9M)
(18.8M)
(3.5M)
262.4M
253M
273.4M
136.5M
225.9M
198.4M
180.4M
191.1M
148.3M
192.4M
129M
163.3M
64.8M
36.6M
1.8M
OPERATING INCOME
(69.5M)
(59.9M)
(49.6M)
(25.3M)
(11.8M)
(14.5M)
(22.1M)
(71.9M)
(60.4M)
(59.7M)
(54.6M)
(42.6M)
(24.4M)
(5.4M)
(4.1M)
(14.7M)
(13.9M)
(13.4M)
(13.4M)
(13.6M)
(12.9M)
(13M)
(12.8M)
(10.7M)
(13.2M)
(13.4M)
(9M)
(6.4M)
(4.7M)
(4.1M)
192.9M
193.1M
223.8M
111.2M
214.1M
183.9M
158.3M
159.3M
154.3M
166.3M
58.8M
86.6M
60M
35.9M
807.1K
PRE-TAX INCOME
(105.6M)
(106.8M)
(96.4M)
(50.7M)
(40.4M)
(37M)
(40.1M)
(36.6M)
(23.6M)
(21.1M)
(15.9M)
(11.3M)
(7.2M)
(6M)
(800K)
323.5M
345.5M
322.4M
247M
226.3M
208.6M
197.1M
213.4M
177.1M
156.7M
148.7M
142.8M
83.2M
43.1M
4.5M
(54.9M)
(45.9M)
(36.2M)
(11.9M)
-1.8M
(1.6M)
(9M)
-12.4B
-10.2B
-12.8B
(41.2M)
(33.7M)
(18M)
(618K)
-7K
-16.6M
0.0
0.0
0.0
0.0
0.0
0.0
-36.2M
-39.9M
-27.1M
6.3M
-400K
7.1M
3.7M
0.0
176.3M
193.1M
223.8M
111.2M
214.1M
183.9M
158.3M
122.4M
114.4M
139.2M
65.1M
86.2M
67.2M
39.6M
813K
NET INCOME
(5.7M)
(6.6M)
(1.8M)
(3.2M)
(2.3M)
(5.8M)
(3.8M)
(3.4M)
(2.8M)
(2.2M)
(1.5M)
(1.1M)
(199K)
(46K)
(0.0)
170.5M
186.6M
222M
108.1M
211.8M
178.1M
154.6M
119M
111.6M
137M
63.6M
85.1M
67M
39.6M
813K

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