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Sixth Street Specialty Lending(NYSE) TSLX

Market Cap$1.78BMarket cap calculated using publicly traded shares outstanding only. Does not include unlisted, private, or dual-class non-traded shares. Implied market cap may vary.
Since IPO (2014)+316%
5 Year+34%
1 Year-14%
1 Month+9%
$18.70
+3.43%
+0.62Today
After hours$18.70+$0.00 (+0.00%)
Sixth Street Specialty Lending last closing stock price
MetricPriceDate
Last closeUSD 18.692026-08-06
Sixth Street Specialty Lending stock price return by period
PeriodPrice returnPrice at period startPeriod start date
1 week+8.41%USD 17.242026-07-30
1 month+9.17%USD 17.122026-07-07
3 month+6.84%USD 17.492026-05-08
Year to date-9.37%USD 20.622025-12-31
1 year-14.39%USD 21.832025-08-06
3 year+21.5%USD 15.382023-08-07
5 year+34.27%USD 13.922021-08-06
Since inception+315.77%USD 4.502014-03-21

Sixth Street Specialty Lending Financials at a Glance

Market Cap

$1.78BMarket cap calculated using publicly traded shares outstanding only. Does not include unlisted, private, or dual-class non-traded shares. Implied market cap may vary.

Revenue (TTM)

$94.31B

Net Income (TTM)

$42.96B

EPS (TTM)

$0.94

P/E Ratio

19.86

Dividend

$1.88

Beta (Volatility)

0.54 (Low)

Price

$18.70

Volume

0.997

Open

$18.25

Previous Close

$18.69

Daily Range

$18.24 - $18.80

52-Week Range

$16.04 - $24.74

Estimated Earnings Date

Nov 3, 2026

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About Sixth Street Specialty Lending

Sixth Street Specialty Lending lends money to mid-sized American companies to help them grow. These businesses use the money to buy other companies or expand their operations. The firm acts as a specialized lender for companies that need flexible funding.

What Is in the Portfolio?

  • First-Lien Debt: Loans that have the first right to a company's assets if it cannot pay its debts.
  • Unitranche Loans: Credit agreements that combine different types of debt into one single loan for a borrower.
  • Mezzanine Debt: Loans that sit between senior debt and company ownership in the order of repayment.
  • Equity Investments: Ownership stakes in businesses that the company usually holds alongside its lending deals.
  • Structured Credit: Specialized investments in groups of corporate loans, including collateralized loan obligations.

New Partners and Programs

  • Formed a joint venture with Carlyle Group Inc. in December 2025 to invest in secured corporate loans.
  • Received an order from regulators in May 2025 allowing the firm to invest alongside its own affiliates.
  • Increased focus on the internet services industry, which made up 18.3% of the portfolio by December 2025.

Finding the Best Deals

The company finds its own lending opportunities instead of using middlemen like investment banks. It uses a five-point internal scale to monitor the financial health of every business it lends to. This process helps the firm identify and manage risks across its various industry investments.

The Financial Scorecard

  • Total investment portfolio reached $3.35 billion as of December 31, 2025.
  • Operating income rose to $59 million in Q4 2025, up 10.7% from the previous year.
  • Net income fell to $30 million in Q4 2025, a 41.2% drop year-over-year.
  • Asset coverage ratio—a measure of how well assets cover debts—was 191.5% at the end of 2025.

The Big Picture

Sixth Street Specialty Lending has built a diverse portfolio focused on senior debt and direct relationships with borrowers. Its move into joint ventures and co-investing shows a focus on scaling its lending capacity.

AI Generated • Apr 29, 2026

Industry

Capital Markets

Sector

Financials

CEO

Robert Stanley

Website

www.sixthstreetspecialtylending.com

Headquarters

Dallas, TX 75201, US

TSLX Financials

Key Financial Metrics (TTM)

Gross Margin

0.17%

Operating Margin

0.10%

Net Income Margin

45.55%

Return on Equity

5.55%

Return on Capital

5.76%

Return on Assets

1.21%

Earnings Yield

5.04%

Dividend Yield

10.05%

Payout Ratio

0.46%

Stock Overview

Market Cap

$1.78BMarket cap calculated using publicly traded shares outstanding only. Does not include unlisted, private, or dual-class non-traded shares. Implied market cap may vary.

Shares Outstanding

95.02M

Volume

0.997

Avg. Volume

670.72K

Financials (TTM)

Gross Profit

$159.73M

Operating Income

$98.65M

EBITDA

$107.31M

Operating Cash Flow

$161.42M

Capital Expenditure

$0.00

Free Cash Flow

$161.42M

Cash & ST Invst.

$193.56B

Total Debt

$0.00

Sixth Street Specialty Lending Performance Analysis

Sixth Street Specialty Lending annual revenue and year-over-year revenue growth by fiscal year
Fiscal yearPeriod endRevenueYoY growth
20222022-12-31USD 323,721,0001.3%
20232023-12-31USD 421,101,00030.1%
20242024-12-31USD 455,096,0008.1%
20252025-12-31USD 385,307,000-15.3%
Sixth Street Specialty Lending sequential (quarter-over-quarter) revenue growth by fiscal quarter
Fiscal quarterPeriod endQoQ growth
Q32025-09-30-27.9%
Q42025-12-3113.6%
Q12026-03-31-43.2%
Q22026-06-30179555.1%
Sixth Street Specialty Lending annual diluted earnings per share and year-over-year EPS growth by fiscal year
Fiscal yearPeriod endDiluted EPSYoY growth
20222022-12-31USD 1.38-50.5%
20232023-12-31USD 2.6188.7%
20242024-12-31USD 2.03-22.3%
20252025-12-31USD 1.81-10.6%
Sixth Street Specialty Lending sequential (quarter-over-quarter) diluted earnings per share growth by fiscal quarter
Fiscal quarterPeriod endQoQ growth
Q32025-09-30-25.4%
Q42025-12-31-31.9%
Q12026-03-31-184.4%
Q22026-06-30259.3%

Revenue Growth Rate

Annual and quarterly growth comparison

Earnings Per Share Growth Rate

Annual and quarterly EPS growth comparison

Quarterly Performance

Name
Q2 2026YOY CHG

Revenue

$94.08B

+83554.2%

Gross Profit

$0.00

-100.0%

Gross Margin

0.00%

N/A

Market Cap

$1.78BMarket cap calculated using publicly traded shares outstanding only. Does not include unlisted, private, or dual-class non-traded shares. Implied market cap may vary.

N/A

Market Cap/Employee

N/A

N/A

Employees

0

N/A

Net Income

$42.91B

+72628.5%

EBITDA

$0.00

-100.0%

Quarterly Fundamentals

Name
Q2 2026YOY CHG

Total Cash

$193.56B

+4946360.5%

Total Debt

$0.00

-100.0%

Accounts Receivable

$36.96B

N/A

Inventory

$0.00

N/A

Long Term Debt

$0.00

-100.0%

Short Term Debt

$0.00

N/A

Return on Assets

1.21%

N/A

Return on Invested Capital

0.00%

N/A

Free Cash Flow

$45.00M

+62.6%

Operating Cash Flow

$45.00M

+62.6%

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Questions About TSLX

What is the current price of Sixth Street Specialty Lending?

Sixth Street Specialty Lending is trading at $18.69 per share.

What is the 52-week range for Sixth Street Specialty Lending?

Over the past 52 weeks, Sixth Street Specialty Lending has traded between $16.04 and $24.74.

How much debt does Sixth Street Specialty Lending have?

As of the most recent reporting period, Sixth Street Specialty Lending reported total debt of $1.92B.

How much cash does Sixth Street Specialty Lending have on hand?

Sixth Street Specialty Lending reported $193.56M in cash and cash equivalents in its most recent financial results.

What is Sixth Street Specialty Lending’s dividend yield?

Sixth Street Specialty Lending currently has a dividend yield of 10.05%.

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