profit from every $100 of sales.
$0$100
Carlyle Secured Lending
$11.08-0.89% today
-7.4% in 1 year
1-year low $9.991-year high $13.13
Trading in the middle of its range for the past year.
The essentials
Four questions every investor asks, answered in one line each.
more sales each year, on average, 2022 to 2025.
0%20% a year
You pay $10.77 for every $1 of profit it makes in a year.
CheapExpensive
of earnings would pay off all its debt.
No debt5 years
Money in, money out
What Carlyle Secured Lending sold, what it kept, and what it did with the cash.
Sales went from $94.7 million in 2022 to $81.0 million in 2025, with $70.0 million of profit last year.
SalesProfit
Carlyle Secured Lending vs. similar companies
Carlyle Secured Lending grows in the middle of these 5 and is priced in the middle for its profits.
| Company | Profit from $100 of sales | Sales growth a year | Price per $1 of profit |
|---|---|---|---|
| Carlyle Secured Lending | 10.8× · Cheap | ||
 BlackRock | 34.0× · Expensive | ||
 Blackstone | 49.1× · Expensive | ||
 Investor | 8.5× · Cheap | ||
 Brookfield | 70.0× · Very expensive |
AI analysis
An AI analyst reads Carlyle Secured Lending's last five years, its segments, earnings, insiders and peers, and writes the bull case, the bear case and what the price expects.
Run the AI analysisFull statementsIncome, balance sheet and cash flow, year by year
Income statement
| In millions of USD | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| 95 | 101 | 99 | 81 | |
| – | – | – | – | |
| – | – | – | – | |
| – | – | – | – | |
| 86 | 92 | 89 | 70 | |
| 1.49 | 1.64 | 1.58 | 1.01 | |
| – | – | – | – | |
| – | – | – | – | |
| 90.5% | 91.3% | 89.6% | 86.4% |
Balance sheet
| In millions of USD | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| Total assets | 2,042 | 1,943 | 1,926 | 2,790 |
| Cash | 16 | 23 | 30 | 45 |
| Total debt | 1,077 | 979 | 968 | 1,532 |
| Total liabilities | 1,124 | 1,030 | 1,021 | 1,623 |
| 917 | 913 | 905 | 1,167 | |
| 57 | 56 | 56 | 69 | |
| – | – | – | – | |
| 9.3% | 10.1% | 9.8% | 6.0% |
Cash flow
| In millions of USD | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| 15 | 231 | 104 | -205 | |
| – | – | – | – | |
| 15 | 231 | 104 | -205 | |
| Dividends paid | 87 | 93 | 96 | 104 |
| 28 | 4 | 0 | 14 | |
| – | – | – | – |
Valuation
- 10.8×
- 7.6×
- –
- 0.7×
- 9.3×
- –
- –
- -27.1%
- 9.3%
- 14.7%
Profitability
- 75.3%
- 45.0%
- 86.4%
- 47.7%
- 3.9%
- 4.9%
- 4.4%
- 2.0%
- 3.8%
- –
Growth
- −5.1%
- −12.2%
- −296.2%
- +2.9%
- +3.8%
Financial health
- 12.4×
- 1.24
- 53.9%
- 1.1×
- –
- –
- 0.08
How it ranks in Financial Services
Each dot is where the company stands among every company over $300M in the sector. Further right is better.
Bottom 48%of 854
Top 16%of 733
Top 32%of 876
Bottom 13%of 878
Bottom 3%of 929
What analysts expect
- Average price target
- $15.00
- Range
- $15.00 – $15.00
These targets were collected on May 20, 2026 and our analyst feed has not updated since, so we no longer compare them with today's price.
Recent earnings
Our results feed has not updated since May 21, 2026. Results reported after that are not in this table yet.
| Date | EPS | Expected | Surprise |
|---|---|---|---|
| May 11, 2026 | 0.36 | 0.35 | +2.9% |
| Feb 24, 2026 | 0.33 | 0.38 | −13.2% |
| Nov 4, 2025 | 0.38 | 0.39 | −2.6% |
| Aug 5, 2025 | 0.39 | 0.39 | +0.0% |
| May 6, 2025 | 0.41 | 0.43 | −4.7% |
| Feb 25, 2025 | 0.47 | 0.46 | +2.2% |
| Nov 5, 2024 | 0.49 | 0.48 | +2.1% |
| Aug 5, 2024 | 0.51 | 0.50 | +2.0% |
14.7%of the share price, paid each year
On $1,000 invested$147a year at today's yield, before tax
+2.9%2020 to 2025
Raised–not every year
Paid per share, each year
$1.23 in 2017 → $1.70 in 2025
How safe it looks
148.7% of its profit
Room to growStretchedMore than it earns: -50.9%
News
Carlyle expects at least $20B of Q4 inflows as it targets about $60B for full-year 2026Seeking Alpha · Nov 6, 2026Carlyle says deal to buy Lukoil assets expired - BloombergSeeking Alpha · Oct 8, 2026Carlyle to buy Parallax Energy, expanding oil and gas reach in CanadaSeeking Alpha · Sep 14, 2026Insider trades
Our insider feed has not updated since May 26, 2026. Trades filed after that are not listed yet.
No insider trades on file.
The seven classic investing rulebooks
1/7Passes 1 of 7. Each bar is how well the company fits that investor's published rules, from 0 to 100; 60 or more counts as a pass.
Warren Buffett
35No pass
Benjamin Graham
76Pass
Philip Fisher
45No pass
Peter Lynch
26No pass
Joel Greenblatt
23No pass
Charlie Munger
38No pass
Terry Smith
32No pass
Questions about Carlyle Secured Lending
Is Carlyle Secured Lending a good stock to buy?
A business with weak numbers, and the price looks low. 1 of the 7 famous investors' published rulebooks we apply pass it. Whether it suits you depends on your goals and the price you pay; invest-like never tells anyone to buy or sell. The AI analysis lays out the case for and against. Read the Carlyle Secured Lending AI analysis
What does Carlyle Secured Lending do?
TCG BDC, Inc. is business development company specializing in first lien debt, senior secured loans, second lien senior secured loan unsecured debt, mezzanine debt and investments in equities. It specializes in directly investing. It specializes in middle market. It is in Asset Management.
Does Carlyle Secured Lending pay a dividend?
Yes. At today's price the dividend is 14.7% a year, about 149% of its yearly profit. In 2025 it paid out $104 million in dividends.
Is Carlyle Secured Lending stock halal?
No. Carlyle Secured Lending does not pass our halal screen: its debt is 203% of its market value, at or above the 33% limit. How we check
How has Carlyle Secured Lending stock done over the past year?
Down 7.4% over the past twelve months, to $11.08. It traded between $9.99 and $13.13 and is 15.6% below its high.
Who are Carlyle Secured Lending's competitors?
The largest listed companies in the same industry are BlackRock, Blackstone, Investor and Brookfield. The peers table on this page compares their profit, growth and price with Carlyle Secured Lending's.
Prices: daily closes to Nov 13, 2026. Fundamentals: company reports via invest-like data.