For the twelve months ended Sep 30, 2026, Sixth Street Specialty Lending Inc. reported $398.44M of revenue and $78.89M of net income.
TSLX revenue was $98.96M in fiscal Q3 2026 (ended Sep 30, 2026), down 9.6% from a year earlier and up 1.1% from the prior quarter. For the full fiscal 2025 it was $449.06M, down 6.9% from fiscal 2024.
TSLX net income was $34.45M in fiscal Q3 2026 (ended Sep 30, 2026), down 22.8% from a year earlier and down 15.0% from the prior quarter. For the full fiscal 2025 it was $170.52M, down 8.6% from fiscal 2024. Compound annual growth was -0.9% over 5 years. It rose in 2 of the last 5 fiscal years.
TSLX diluted EPS was $0.36 in fiscal Q3 2026 (ended Sep 30, 2026), down 23.4% from a year earlier and down 16.3% from the prior quarter. For the full fiscal 2025 it was $1.81, down 10.8% from fiscal 2024. Compound annual growth was -7.3% over 5 years.
| Line item | Dec 31, 2025 | Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 |
|---|---|---|---|---|---|---|
| Revenue | $449.06M | $482.53M | $438.09M | - | - | - |
| Interest expense | - | - | $133.73M | $62.99M | $38.83M | $39.40M |
| Pre-tax income | - | $223.96M | $198.76M | $168.95M | $142.74M | $152.76M |
| Income tax | - | $3.94M | $2.37M | $2.62M | $384.0K | $5.76M |
| Net income | $170.52M | $186.57M | $222.02M | $108.05M | $211.78M | $178.11M |
| EPS, basic | $1.81 | $2.03 | $2.61 | $1.38 | $2.93 | $2.65 |
| EPS, diluted | $1.81 | $2.03 | $2.61 | $1.38 | $2.79 | $2.65 |
| Diluted shares | 94.1M | 92.0M | 85.1M | 78.2M | 77.7M | 67.2M |
| Line item | Dec 31, 2025 | Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 |
|---|---|---|---|---|---|---|
| Cash and equivalents | $19.66M | $27.33M | $25.20M | $25.65M | $15.97M | - |
| Total assets | $3.42B | $3.58B | $3.34B | $2.84B | $2.55B | - |
| Total debt | $1.74B | $1.90B | $1.78B | $1.44B | $1.19B | - |
| Total liabilities | $1.81B | $1.97B | $1.85B | $1.50B | $1.28B | - |
| Shareholders' equity | $1.61B | $1.61B | $1.50B | $1.34B | $1.28B | $1.16B |
| Line item | Dec 31, 2025 | Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 |
|---|---|---|---|---|---|---|
| Operating cash flow | $401.58M | -$45.49M | -$236.79M | -$224.53M | $2.45M | $145.07M |
| Financing cash flow | -$409.24M | $47.62M | $236.34M | $234.21M | $241.0K | -$145.94M |
| Dividends paid | $170.32M | $168.72M | $156.42M | $144.73M | $221.94M | $130.45M |
| Share repurchases | - | - | - | $6.17M | - | $2.93M |
| Line item | Dec 31, 2025 | Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 |
|---|---|---|---|---|---|---|
| Revenue growth, YoY | -6.9% | 10.1% | - | - | - | - |
| Net income growth, YoY | -8.6% | -16.0% | 105.5% | -49.0% | 18.9% | - |
| EPS growth, YoY | -10.8% | -22.2% | 89.1% | -50.5% | 5.3% | - |
| Net margin | 38.0% | 38.7% | 50.7% | - | - | - |
| Return on equity | 10.6% | 11.6% | 14.8% | 8.1% | 16.6% | 15.3% |
| Return on assets | 5.0% | 5.2% | 6.6% | 3.8% | 8.3% | - |
| Debt to equity | 1.08 | 1.18 | 1.19 | 1.07 | 0.93 | - |
| Line item | Sep 30, 2026 | Jun 30, 2026 | Mar 31, 2026 | Dec 31, 2025 | Sep 30, 2025 | Jun 30, 2025 | Mar 31, 2025 | Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | Dec 31, 2023 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $98.96M | $97.84M | $93.40M | $108.25M | $109.44M | $115.02M | $116.35M | $123.70M | $119.22M | $121.82M | $117.78M | $119.54M |
| Interest expense | - | - | - | - | - | - | - | - | - | $39.23M | $39.03M | $37.76M |
| Pre-tax income | - | - | - | - | - | - | - | $58.76M | $55.62M | $56.37M | $53.21M | $55.27M |
| Income tax | - | - | - | - | - | - | - | $1.17M | $698.0K | $1.23M | $850.0K | $588.0K |
| Net income | $34.45M | $40.51M | -$26.02M | $29.96M | $44.60M | $59.00M | $36.95M | $50.99M | $40.66M | $47.40M | $47.52M | $51.16M |
| EPS, basic | $0.36 | $0.43 | -$0.27 | $0.32 | $0.47 | $0.63 | $0.39 | $0.55 | $0.44 | $0.51 | $0.53 | $0.59 |
| EPS, diluted | $0.36 | $0.43 | -$0.27 | $0.32 | $0.47 | $0.63 | $0.39 | $0.55 | $0.44 | $0.51 | $0.53 | $0.59 |
| Diluted shares | 95.3M | 95.0M | 94.7M | - | 94.2M | 94.0M | 93.7M | - | 93.0M | 92.7M | 89.0M | - |
| Line item | Sep 30, 2026 | Jun 30, 2026 | Mar 31, 2026 | Dec 31, 2025 | Sep 30, 2025 | Jun 30, 2025 | Mar 31, 2025 | Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | Dec 31, 2023 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash and equivalents | $40.50M | $193.56M | $29.18M | $19.66M | $83.16M | $39.17M | $47.27M | $27.33M | $29.73M | $34.65M | $35.89M | $25.20M |
| Total assets | $3.48B | $3.54B | $3.39B | $3.42B | $3.51B | $3.42B | $3.50B | $3.58B | $3.53B | $3.39B | $3.45B | $3.34B |
| Total debt | $1.87B | $1.92B | $1.80B | $1.74B | $1.83B | $1.73B | $1.84B | $1.90B | $1.87B | $1.71B | $1.80B | $1.78B |
| Total liabilities | $1.93B | $1.99B | $1.85B | $1.81B | $1.89B | $1.80B | $1.90B | $1.97B | $1.93B | $1.79B | $1.87B | $1.85B |
| Shareholders' equity | $1.55B | $1.55B | $1.54B | $1.61B | $1.62B | $1.62B | $1.60B | $1.61B | $1.60B | $1.60B | $1.58B | $1.50B |
| Line item | Sep 30, 2026 | Jun 30, 2026 | Mar 31, 2026 | Dec 31, 2025 | Sep 30, 2025 | Jun 30, 2025 | Mar 31, 2025 | Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | Dec 31, 2023 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | -$97.41M | $68.35M | -$23.35M | $74.09M | -$15.63M | $193.20M | $149.92M | -$30.73M | -$74.50M | $125.27M | -$65.54M | -$86.87M |
| Financing cash flow | -$55.65M | $96.03M | $32.87M | -$137.59M | $59.62M | -$201.30M | -$129.98M | $28.33M | $69.57M | -$126.51M | $76.23M | $82.18M |
| Dividends paid | $33.71M | $34.13M | $39.02M | $41.95M | $42.54M | $42.64M | $43.20M | $40.64M | $42.51M | $42.22M | $43.34M | $40.61M |
| Share repurchases | $0 | - | - | - | $0 | - | - | - | - | - | - | - |
| Line item | Sep 30, 2026 | Jun 30, 2026 | Mar 31, 2026 | Dec 31, 2025 | Sep 30, 2025 | Jun 30, 2025 | Mar 31, 2025 | Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | Dec 31, 2023 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue growth, YoY | -9.6% | -14.9% | -19.7% | -12.5% | -8.2% | -5.6% | -1.2% | 3.5% | 4.2% | 13.2% | 22.0% | - |
| Net income growth, YoY | -22.8% | -31.3% | - | -41.2% | 9.7% | 24.5% | -22.2% | -0.3% | -37.3% | -10.7% | -10.3% | 10.6% |
| EPS growth, YoY | -23.4% | -31.7% | - | -41.8% | 6.8% | 23.5% | -26.4% | -6.8% | -40.5% | -19.0% | -18.5% | 0.0% |
| Net margin | 34.8% | 41.4% | -27.9% | 27.7% | 40.8% | 51.3% | 31.8% | 41.2% | 34.1% | 38.9% | 40.3% | 42.8% |
| Debt to equity | 1.21 | 1.24 | 1.17 | 1.08 | 1.13 | 1.07 | 1.15 | 1.18 | 1.17 | 1.07 | 1.14 | 1.19 |
Source: XBRL data Sixth Street Specialty Lending Inc. files with the SEC, latest filing dated Nov 3, 2026 (see filings on SEC EDGAR). Provided for information only, not investment advice. Check the filing before relying on a number.
Per-share figures are as filed. The filings show no stock split in these periods.
EPS growth is left out where the share count moved enough to suggest a split the filings do not show. Growth rates need a positive starting figure. CAGR is compound annual growth between fiscal years. The CSV holds every period on file, in full figures, from the same SEC filings.
| Company | Revenue | Growth | Net income | Net margin | Market cap |
|---|---|---|---|---|---|
| TSLX | $398.44M | -14.2% | $78.89M | 19.8% | $1.72B |
| BX | $16.08B | +22.1% | $3.56B | 22.1% | $93.11B |
| KKR | $20.35B | +19.8% | $3.41B | 16.8% | $88.05B |
| APO | $30.82B | +12.2% | -$918.00M | -3.0% | $72.15B |
| ARES | $5.76B | +7.6% | $432.80M | 7.5% | $46.10B |
| AMP | $20.14B | +8.8% | $4.16B | 20.7% | $44.99B |
| TROW | $7.70B | +6.9% | $2.19B | 28.4% | $23.64B |
| TPG | $5.17B | +21.6% | $268.72M | 5.2% | $18.89B |