profit from every $100 of sales.
$0$100
Oaktree Specialty Lending
$12.16-2.17% today
-11.1% in 1 year
1-year low $10.781-year high $13.80
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 $31.58 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 Oaktree Specialty Lending sold, what it kept, and what it did with the cash.
Sales went from $39.1 million in 2022 to $25.0 million in 2025, with $33.9 million of profit last year.
SalesProfit
Oaktree Specialty Lending handed back 70% of the cash it generated last year.
$148M
Free cash flow 2025$228M
Bought back its own shares$11M
Paid as dividends$148M
Cash vs. debt$80M vs. $1.5B
Oaktree Specialty Lending vs. similar companies
Oaktree Specialty Lending grows the slowest 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 |
|---|---|---|---|
| Oaktree Specialty Lending | 31.6× · Expensive | ||
 Sunbelt Rentals Holdings | 22.1× · Fair price | ||
 Global Payments | 16.7× · Fair price | ||
 Synchrony Financial | 6.3× · Cheap | ||
 SoFi Technologies | 42.1× · Expensive |
AI analysis
An AI analyst reads Oaktree Specialty 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 |
|---|---|---|---|---|
| 39 | 125 | 58 | 25 | |
| – | – | – | – | |
| – | – | – | – | |
| – | – | – | – | |
| 29 | 117 | 58 | 34 | |
| 0.48 | 1.63 | 0.72 | 0.39 | |
| – | – | – | – | |
| – | – | – | – | |
| 74.7% | 93.7% | 100.5% | 135.9% |
Balance sheet
| In millions of USD | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| Total assets | 2,646 | 3,218 | 3,198 | 3,003 |
| Cash | 24 | 136 | 64 | 80 |
| Total debt | 1,301 | 1,601 | 1,639 | 1,487 |
| Total liabilities | 1,401 | 1,702 | 1,711 | 1,537 |
| 1,246 | 1,516 | 1,488 | 1,466 | |
| 61 | 72 | 80 | 86 | |
| – | – | – | – | |
| 2.3% | 7.7% | 3.9% | 2.3% |
Cash flow
| In millions of USD | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| 22 | 229 | 19 | 228 | |
| – | – | – | – | |
| 22 | 229 | 19 | 228 | |
| Dividends paid | 115 | 180 | 177 | 148 |
| 2 | 2 | 2 | 11 | |
| – | – | – | – |
Valuation
- 31.6×
- 8.0×
- –
- 0.8×
- 42.9×
- 4.7×
- –
- 21.3%
- 3.2%
- 13.7%
Profitability
- 78.5%
- 45.2%
- 135.9%
- 45.2%
- 4.4%
- 3.4%
- 3.4%
- 1.7%
- 5.2%
- –
Growth
- −13.9%
- −6.7%
- +646.5%
- +6.8%
- +12.3%
Financial health
- 11.1×
- 1.07
- 51.2%
- 1.2×
- 0.25
- 0.25
- 0.10
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.
Top 50%of 827
Top 15%of 709
Bottom 15%of 876
Bottom 8%of 879
Top 10%of 926
What analysts expect
- Average price target
- $12.00
- Range
- $12.00 – $12.00
- 1 analysts
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 5, 2026 | 0.38 | 0.36 | +5.6% |
| Feb 4, 2026 | 0.41 | 0.38 | +7.9% |
| Nov 18, 2025 | 0.40 | 0.39 | +3.6% |
| Aug 5, 2025 | 0.37 | 0.45 | −17.8% |
| May 1, 2025 | 0.45 | 0.51 | −11.8% |
| Feb 4, 2025 | 0.54 | 0.54 | +0.0% |
| Nov 19, 2024 | 0.55 | 0.56 | −1.8% |
| Aug 1, 2024 | 0.55 | 0.57 | −3.5% |
13.7%of the share price, paid each year
On $1,000 invested$137a year at today's yield, before tax
+6.8%2020 to 2025
Raised–not every year
Paid per share, each year
$2.08 in 2015 → $1.69 in 2025
How safe it looks
436.9% of its profit
Room to growStretchedMore than it earns: 64.9%
News
Oaktree's Howard Marks backs quieter Fed, calls for AI jobs task forceSeeking Alpha · Sep 20, 2026TORM announces closing of 9M share secondary offering by Oaktree affiliateSeeking Alpha · Sep 17, 2026The newest story we have is from Sep 20, 2026.
Insider 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
0/7Passes 0 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
34No pass
Benjamin Graham
57No pass
Philip Fisher
41No pass
Peter Lynch
14No pass
Joel Greenblatt
9No pass
Charlie Munger
31No pass
Terry Smith
38No pass
Questions about Oaktree Specialty Lending
Is Oaktree Specialty Lending a good stock to buy?
A business with weak numbers, but the price is high. 0 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 Oaktree Specialty Lending AI analysis
What does Oaktree Specialty Lending do?
Oaktree Specialty Lending Corporation is a business development company specializing in investments in middle market, bridge financing, first and second lien debt financing, unsecured and mezzanine loan, mezzanine debt, senior and junior secured debt, expansions, sponsor-led acqu… It is in Financial - Credit Services.
Does Oaktree Specialty Lending pay a dividend?
Yes. At today's price the dividend is 13.7% a year. In 2025 it paid out $148 million in dividends.
Is Oaktree Specialty Lending stock halal?
No. Oaktree Specialty Lending does not pass our halal screen: its main business, lending at interest, is not permitted. How we check
How has Oaktree Specialty Lending stock done over the past year?
Down 11.1% over the past twelve months, to $12.16. It traded between $10.78 and $13.80 and is 11.9% below its high.
Who are Oaktree Specialty Lending's competitors?
The largest listed companies in the same industry are Sunbelt Rentals Holdings, Global Payments, Synchrony Financial and SoFi Technologies. The peers table on this page compares their profit, growth and price with Oaktree Specialty Lending's.
Prices: daily closes to Nov 12, 2026. Fundamentals: company reports via invest-like data.