profit from every $100 of sales.
$0$100
Sixth Street Specialty Lending
$17.64+0.46% today
-17.3% in 1 year
1-year low $16.201-year high $22.77
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 $9.90 for every $1 of profit it makes in a year.
CheapExpensive
It holds more cash than debt.
No debt5 years
Money in, money out
What Sixth Street Specialty Lending sold, what it kept, and what it did with the cash.
Sales went from $136 million in 2022 to $217 million in 2025, with $171 million of profit last year.
SalesProfit
Sixth Street Specialty Lending handed back 42% of the cash it generated last year.
$170M
Free cash flow 2025$402M
Bought back its own shares–
Paid as dividends$170M
Cash vs. debt$3M vs. $1.7B
Sixth Street Specialty Lending vs. similar companies
Sixth Street Specialty 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 |
|---|---|---|---|
| Sixth Street Specialty Lending | 9.9× · Cheap | ||
 BlackRock | 34.0× · Expensive | ||
 Blackstone | 49.1× · Expensive | ||
 Investor | 8.5× · Cheap | ||
 Brookfield | 70.0× · Very expensive |
AI analysis
An AI analyst reads Sixth Street 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 |
|---|---|---|---|---|
| 136 | 273 | 253 | 217 | |
| – | – | – | – | |
| – | – | – | – | |
| – | – | – | – | |
| 108 | 222 | 187 | 171 | |
| 1.38 | 2.61 | 2.03 | 1.81 | |
| – | – | – | – | |
| – | – | – | – | |
| 79.2% | 81.2% | 73.7% | 78.7% |
Balance sheet
| In millions of USD | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| Total assets | 2,837 | 3,344 | 3,582 | 3,422 |
| Cash | 10 | 1 | 5 | 3 |
| Total debt | 1,442 | 1,780 | 1,901 | 1,743 |
| Total liabilities | 1,495 | 1,847 | 1,975 | 1,814 |
| 1,342 | 1,496 | 1,608 | 1,608 | |
| 78 | 85 | 92 | 94 | |
| – | – | – | – | |
| 8.1% | 14.8% | 11.6% | 10.6% |
Cash flow
| In millions of USD | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| -225 | -237 | -45 | 402 | |
| – | – | – | – | |
| -225 | -237 | -45 | 402 | |
| Dividends paid | 145 | 156 | 169 | 170 |
| 6 | 0 | 0 | – | |
| – | – | – | – |
Valuation
- 9.9×
- 9.0×
- 1.05
- 1.0×
- 7.8×
- 4.2×
- –
- 23.8%
- 10.1%
- 11.4%
Profitability
- 73.0%
- 43.7%
- 78.7%
- 57.4%
- 0.2%
- 5.9%
- 0.0%
- 0.0%
- 0.0%
- –
Growth
- +16.6%
- +9.5%
- −3.7%
- −2.3%
- +6.4%
Financial health
- -141.0×
- 1.08
- 0.1%
- 1.4×
- –
- –
- 0.00
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 15%of 754
Top 20%of 605
Top 29%of 883
Top 32%of 880
Top 8%of 929
What analysts expect
- Average price target
- $20.00
- Range
- $20.00 – $20.00
- 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 | 0.42 | 0.49 | −14.3% |
| Feb 12, 2026 | 0.52 | 0.50 | +4.0% |
| Nov 4, 2025 | 0.53 | 0.52 | +1.9% |
| Jul 30, 2025 | 0.56 | 0.53 | +5.7% |
| Apr 30, 2025 | 0.58 | 0.56 | +3.6% |
| Feb 13, 2025 | 0.61 | 0.57 | +7.0% |
| Nov 5, 2024 | 0.57 | 0.58 | −1.7% |
| Jul 31, 2024 | 0.58 | 0.58 | +0.0% |
11.4%of the share price, paid each year
On $1,000 invested$114a year at today's yield, before tax
−2.3%2020 to 2025
Raised–not every year
Paid per share, each year
$1.56 in 2015 → $2.05 in 2025
How safe it looks
99.9% of its profit
Room to growStretchedMore than it earns: 42.4%
News
Sixth Street Specialty Lending declares $0.42/share & supplemental dividend of $0.01/shareSeeking Alpha · Nov 4, 2026TSMC Just Posted Record Profit for the Sixth Straight Quarter. Why Did the Stock Fall?Yahoo Finance · Oct 16, 2026Chips' Sixth Straight Loss Drags Nasdaq Into the RedYahoo Finance · Oct 13, 20262 Reasons to Sell TSLX and 1 Stock to Buy InsteadYahoo Finance · Sep 18, 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
4/7Passes 4 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
62Pass
Benjamin Graham
74Pass
Philip Fisher
67Pass
Peter Lynch
65Pass
Joel Greenblatt
24No pass
Charlie Munger
50No pass
Terry Smith
56No pass
Questions about Sixth Street Specialty Lending
Is Sixth Street Specialty Lending a good stock to buy?
A strong, very profitable business, and the price looks low. 4 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 Sixth Street Specialty Lending AI analysis
What does Sixth Street Specialty Lending do?
Sixth Street Specialty Lending, Inc. (NYSE: TSLX) is a business development company. It is in Asset Management.
Does Sixth Street Specialty Lending pay a dividend?
Yes. At today's price the dividend is 11.4% a year, about 100% of its yearly profit. In 2025 it paid out $170 million in dividends.
Is Sixth Street Specialty Lending stock halal?
No. Sixth Street Specialty Lending does not pass our halal screen: it was reviewed by hand and does not pass. How we check
How has Sixth Street Specialty Lending stock done over the past year?
Down 17.3% over the past twelve months, to $17.64. It traded between $16.20 and $22.77 and is 22.5% below its high.
Who are Sixth Street Specialty 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 Sixth Street Specialty Lending's.
Prices: daily closes to Nov 13, 2026. Fundamentals: company reports via invest-like data.