Stocks · Financial Services · Asset Management
Oaktree Specialty Lending Corporation OCSL
$11.91 -0.67% Close, Oct 2, 2026 · NASDAQ · Market cap $1.05B
High quality
Next earnings report: Nov 17, 2026
Scroll or pinch to zoom, drag to move. Daily prices adjusted for splits. Markers: E = earnings (green beat, red miss), S = split, D = dividend.
Three things to know
- Revenue over the last four quarters was $279.1M, up 77.1% from a year earlier, slowing from 134.0% a quarter earlier.
- Operating margin widened to 44.1% from 29.6% a year earlier.
- Net debt is 7.2× EBITDA, a high level of leverage.
PromtFinance scores
Each score is a percentile within the Financial Services sector (0–100). Under each score: how the stock ranks in its sector on every component. As of Oct 5, 2026.
How fast revenue, earnings and cash flow are growing.
- Revenue growth (TTM, YoY)Top 5%
- EPS growth (TTM, YoY)Bottom 22%
- FCF growth (TTM, YoY)Top 47%
- Revenue growth, 3-year CAGRTop 6%
- Revenue growth accelerationBottom 2%
Returns on capital, margins, earnings quality and balance-sheet strength.
- Return on invested capitalTop 34%
- Gross marginTop 14%
- Operating marginTop 11%
- Cash conversion (OCF / net income)Top 5%
- Accruals (lower is better)Top 12%
- Net debt / EBITDA (lower is better)Bottom 17%
- Interest coverTop 43%
How cheap the shares are relative to earnings, cash flow and their own history.
- Earnings yieldBottom 37%
- Free-cash-flow yieldTop 11%
- EBITDA / enterprise valueTop 41%
- Sales / enterprise valueBottom 12%
- P/E vs own 5-year history (lower is better)Bottom 41%
Strength and persistence of the price trend, including versus the S&P 500.
- 12-month return excluding last monthBottom 31%
- 6-month returnBottom 48%
- 1-year return vs S&P 500Bottom 23%
- Distance from 52-week highBottom 30%
- Trend checklist (0–4)Bottom 27%
Earnings surprises and analyst sentiment (estimate-revision history is being collected).
- Average EPS surprise, last 4 quartersTop 48%
- Consecutive EPS beatsTop 29%
- Share of analysts rating BuyBottom 43%
- Upside to consensus price targetBottom 30%
Low volatility, shallow drawdowns, low market sensitivity and modest leverage.
- Volatility, 60 days (lower is better)Bottom 41%
- Maximum drawdown, 3 yearsBottom 17%
- Beta vs S&P 500 (lower is better)Top 49%
- Net debt / EBITDA (lower is better)Bottom 17%
What changed
Latest four quarters versus the same period a year earlier (growth: versus one quarter earlier).
| Measure | Before | Now | |
|---|---|---|---|
| Revenue growth (YoY) | 134.0% | 77.1% | ↓ |
| EPS growth (YoY) | 335.6% | -13.3% | ↓ |
| Gross margin | 22.7% | 80.5% | ↑ |
| Operating margin | 29.6% | 44.1% | ↑ |
| FCF margin | 145.6% | 99.4% | ↓ |
Fundamental momentum
| Measure | Now (TTM) | Year / quarter before | Sector rank | |
|---|---|---|---|---|
| Revenue growth (TTM, YoY) | 77.1% | 134.0% | ↓ | Top 5% |
| EPS growth (TTM, YoY) | -13.3% | 335.6% | ↓ | Bottom 22% |
| Gross margin | 80.5% | 22.7% | ↑ | Top 14% |
| Operating margin | 44.1% | 29.6% | ↑ | Top 11% |
| Net margin | 15.1% | 29.3% | ↓ | — |
| Free-cash-flow margin | 99.4% | 145.6% | ↓ | — |
| Return on invested capital | 4.1% | — | Top 34% | |
| Revenue growth, 3-year CAGR | 51.6% | — | Top 6% |
Quality of earnings and balance sheet
- Cash conversion (OCF / net income)Above 1× means profits are backed by cash.
- 3.00×
- Accruals (net income − OCF) / assetsLower is better; high accruals can signal weaker earnings quality.
- -8.2%
- Stock-based compensation / revenueA cost to shareholders through dilution.
- 0.0%
- Receivables growth vs revenue growthReceivables growing much faster than sales can be a warning.
- -130.8 pp
- Net debt / EBITDABelow 1× is conservative; above 3× is high leverage.
- 7.16×
- Interest cover (operating income / interest)How many times operating profit covers interest.
- 1.2×
Shareholder returns
- Dividend yield (dividends paid, TTM)
- 12.50%
- Net buyback yield (TTM)
- 0.43%
- Shareholder yield
- 12.94%
- Share count change, 1 year
- +0.0%
- Share count change, 3-year CAGR
- +4.5%
Shareholder yield = dividends + net buybacks over the last four quarters, divided by market cap.
Based on the four quarters through Jun 30, 2026 (filed Aug 5, 2026).
Earnings and expectations
Earnings momentum
- Consecutive EPS beats
- 4
- Beats in the last 8 reports
- 4 of 8
- Average EPS surprise, last 4
- +5.1%
- Average 2-day reaction, last 8
- -2.3%
- Positive 20 days after report
- 4 of 8
Analysts
- Consensus price target
- $13.00
- Target vs current price
- +9.2%
- Analysts with a rating
- 12
- Share rating Buy or Strong Buy
- 42%
- Consensus rating
- Hold
How the stock reacted to recent reports
| Report date | EPS surprise | 2 days | 5 days | 20 days | 60 days |
|---|---|---|---|---|---|
| Aug 5, 2026 | +3.5% | -0.6% | +5.6% | +8.1% | — |
| May 5, 2026 | +5.6% | -5.7% | -6.2% | -5.7% | -9.2% |
| Feb 4, 2026 | +7.9% | +3.3% | +1.5% | -4.4% | +4.0% |
| Nov 18, 2025 | +3.6% | +0.0% | +2.1% | -3.2% | -8.9% |
| Aug 5, 2025 | -17.8% | -1.7% | -0.4% | +2.9% | +5.0% |
| May 1, 2025 | -11.8% | -7.8% | -7.4% | +1.7% | -1.6% |
| Feb 4, 2025 | +0.0% | -2.8% | -3.0% | +1.1% | -9.7% |
| Nov 19, 2024 | -1.8% | -3.3% | -0.8% | -5.1% | -1.2% |
Returns from the close before each report. Past reactions do not determine future ones.
Earnings history
| Report date | EPS | Estimate | Surprise | Revenue |
|---|---|---|---|---|
| Aug 5, 2026 | $0.37 | $0.36 | +3.5% | $69.4M |
| May 5, 2026 | $0.38 | $0.36 | +5.6% | $69.7M |
| Feb 4, 2026 | $0.41 | $0.38 | +7.9% | $74.5M |
| Nov 18, 2025 | $0.40 | $0.39 | +3.6% | $84.3M |
| Aug 5, 2025 | $0.37 | $0.45 | -17.8% | $61.8M |
| May 1, 2025 | $0.45 | $0.51 | -11.8% | -$12.0M |
| Feb 4, 2025 | $0.54 | $0.54 | +0.0% | $78.4M |
| Nov 19, 2024 | $0.55 | $0.56 | -1.8% | $36.5M |
Valuation in context
| Multiple | Now | 5-year median | 5-year percentile | Sector rank (cheapness) |
|---|---|---|---|---|
| P/E (trailing) | 24.6× | 21.6× | 67th | Bottom 37% |
| P/E (forward) | 7.9× | — | — | — |
| EV / EBITDA | 12.5× | — | — | Top 41% |
| EV / Sales | 8.77× | — | — | Bottom 12% |
| Free-cash-flow yield | 26.47% | — | — | Top 11% |
| Earnings yield | 4.06% | — | — | Bottom 37% |
P/E over the past five years
Range 3.9× – 341.8× since Jun 30, 2021. Each point: price on the filing date divided by trailing-twelve-month EPS known then.
What moved the stock over the past year
- Price return, 1 year
- -8.2%
- Earnings per share growth (TTM)
- -13.3%
- Change in P/E multiple
- +4.7%
Most of the move came from earnings growth.
Technical state
Trend checklist
- ✗ Price above 20-day average
- ✗ Price above 50-day average
- ✗ Price above 200-day average
- ✓ 50-day average above 200-day
- ✗ MACD histogram positive
Trend quality
- Days above the 50-day average
- 0
- Days above the 200-day average
- 0
- 50-day average slope (20 days)
- +1.2%
- 200-day average slope (20 days)
- -1.0%
- Distance from 50-day average
- -5.0%
- Distance from 200-day average
- -2.3%
- RSI (14)
- 35.1
- Relative volume
- 1.43×
Risk and drawdowns
- Volatility, 60 days (annualized)
- 22.8%
- Volatility vs own 5-year history
- 70th percentile · Normal for this stock
- Beta vs S&P 500 (2 years, weekly)
- 0.69
- Correlation with S&P 500
- 0.44
- Current drawdown from 1-year high
- -16.1%
- Maximum drawdown, 3 years
- -50.0%
Largest declines in the past six years
| From peak | To low | Decline | Length | Recovery |
|---|---|---|---|---|
| Jan 12, 2022 | Mar 16, 2026 | -53.6% | 1045 days | Not yet recovered |
Declines of 10% or more from a closing high, measured on daily closes.
Financial statements
- Market cap
- $1.05B
- P/E (TTM)
- 24.6
- EPS, diluted (TTM)
- $0.48
- Revenue (TTM)
- $279.1M
- Dividend yield
- 12.34%
- 52-week range
- $10.63 – $14.31
| FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|
| Revenue | $278.8M | $86.0M | $236.8M | $186.2M | $299.7M |
| Gross profit | $248.3M | $39.1M | $125.2M | $57.6M | $261.4M |
| Operating income | $240.8M | $32.9M | $119.1M | $57.8M | $151.0M |
| Net income | $237.3M | $29.2M | $117.3M | $57.9M | $33.9M |
| EPS (diluted) | $4.39 | $0.48 | $1.63 | $0.72 | $0.39 |
| Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | Q1 2026 | Q2 2026 | Q3 2026 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $68.5M | $33.7M | -$12.0M | $67.4M | $84.3M | $76.4M | $56.8M | $61.6M |
| Net income | $36.9M | $7.2M | -$36.2M | $38.4M | $24.6M | $5.6M | -$18.9M | $30.9M |
| EPS (diluted) | $0.45 | $0.09 | -$0.42 | $0.44 | $0.28 | $0.06 | -$0.21 | $0.35 |
| FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|
| Operating cash flow | -$230.5M | $22.4M | $228.8M | $19.1M | $142.4M |
| Capital expenditure | $0 | $0 | $0 | $0 | $0 |
| Free cash flow | -$230.5M | $22.4M | $228.8M | $19.1M | $142.4M |
| Dividends paid | -$79.8M | -$115.2M | -$180.0M | -$176.8M | -$148.2M |
| Net share buybacks | -$2.2M | $19.0M | -$1.0M | $91.2M | $92.3M |
Cash outflows are shown as negative numbers.
- Cash and short-term investments
- $39.9M
- Total assets
- $2.86B
- Total liabilities
- $1.48B
- Total debt
- $1.44B
- Net debt
- $1.40B
- Shareholders’ equity
- $1.38B
As of Jun 30, 2026 (filed Aug 5, 2026).
Dividends
| Ex-date | Amount | Paid |
|---|---|---|
| Sep 15, 2026 | $0.33 | Sep 30, 2026 |
| Jun 15, 2026 | $0.34 | Jun 30, 2026 |
| Mar 16, 2026 | $0.40 | Mar 31, 2026 |
| Dec 15, 2025 | $0.40 | Dec 31, 2025 |
| Sep 15, 2025 | $0.40 | Sep 30, 2025 |
| Jun 16, 2025 | $0.42 | Jun 30, 2025 |
| Mar 17, 2025 | $0.47 | Mar 31, 2025 |
| Dec 16, 2024 | $0.55 | Dec 31, 2024 |
Short interest
- Shares sold short
- 3,195,805
- Days to cover
- 7.25
- Change vs previous report
- +7.5%
FINRA short interest, settlement date Sep 15, 2026.
Stock splits
- Jan 23, 2023
- 1-for-3