Stocks · Financial Services · Asset Management
Sixth Street Specialty Lending, Inc. TSLX
$18.01 -0.44% Close, Oct 2, 2026 · NYSE · Market cap $1.71B
Weak trend
Next earnings report: Nov 3, 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
- Operating margin narrowed to 40.9% from 50.3% a year earlier.
- Diluted EPS over the last four quarters was $0.95, down 52.5% year over year.
- The shares trade at 19.0× trailing earnings, higher than 95% of the company's own readings over the past five years.
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)Bottom 16%
- EPS growth (TTM, YoY)Bottom 13%
- FCF growth (TTM, YoY)Bottom 26%
- Revenue growth, 3-year CAGRTop 21%
- Revenue growth accelerationBottom 28%
Returns on capital, margins, earnings quality and balance-sheet strength.
- Return on invested capitalTop 36%
- Gross marginTop 26%
- Operating marginTop 14%
- Cash conversion (OCF / net income)Top 23%
- Accruals (lower is better)Top 27%
- Net debt / EBITDA (lower is better)Bottom 10%
- Interest coverTop 41%
How cheap the shares are relative to earnings, cash flow and their own history.
- Earnings yieldBottom 43%
- Free-cash-flow yieldTop 42%
- EBITDA / enterprise valueBottom 37%
- Sales / enterprise valueBottom 10%
- P/E vs own 5-year history (lower is better)Bottom 7%
Strength and persistence of the price trend, including versus the S&P 500.
- 12-month return excluding last monthBottom 11%
- 6-month returnBottom 18%
- 1-year return vs S&P 500Bottom 16%
- Distance from 52-week highBottom 21%
- Trend checklist (0–4)Bottom 9%
Earnings surprises and analyst sentiment (estimate-revision history is being collected).
- Average EPS surprise, last 4 quartersBottom 25%
- Consecutive EPS beatsBottom 43%
- Share of analysts rating BuyTop 21%
- Upside to consensus price targetBottom 36%
Low volatility, shallow drawdowns, low market sensitivity and modest leverage.
- Volatility, 60 days (lower is better)Bottom 38%
- Maximum drawdown, 3 yearsBottom 34%
- Beta vs S&P 500 (lower is better)Top 48%
- Net debt / EBITDA (lower is better)Bottom 10%
What changed
Latest four quarters versus the same period a year earlier (growth: versus one quarter earlier).
| Measure | Before | Now | |
|---|---|---|---|
| Revenue growth (YoY) | -1.7% | -5.6% | ↓ |
| EPS growth (YoY) | -38.8% | -52.5% | ↓ |
| Gross margin | 70.9% | 74.7% | ↑ |
| Operating margin | 50.3% | 40.9% | ↓ |
| FCF margin | 47.0% | 45.2% | ↓ |
Fundamental momentum
| Measure | Now (TTM) | Year / quarter before | Sector rank | |
|---|---|---|---|---|
| Revenue growth (TTM, YoY) | -5.6% | -1.7% | ↓ | Bottom 16% |
| EPS growth (TTM, YoY) | -52.5% | -38.8% | ↓ | Bottom 13% |
| Gross margin | 74.7% | 70.9% | ↑ | Top 26% |
| Operating margin | 40.9% | 50.3% | ↓ | Top 14% |
| Net margin | 25.8% | 51.4% | ↓ | — |
| Free-cash-flow margin | 45.2% | 47.0% | ↓ | — |
| Return on invested capital | 3.7% | — | Top 36% | |
| Revenue growth, 3-year CAGR | 24.4% | — | Top 21% |
Quality of earnings and balance sheet
- Cash conversion (OCF / net income)Above 1× means profits are backed by cash.
- 1.75×
- Accruals (net income − OCF) / assetsLower is better; high accruals can signal weaker earnings quality.
- -1.9%
- Stock-based compensation / revenueA cost to shareholders through dilution.
- 0.0%
- Net debt / EBITDABelow 1× is conservative; above 3× is high leverage.
- 11.58×
- Interest cover (operating income / interest)How many times operating profit covers interest.
- 1.3×
Shareholder returns
- Dividend yield (dividends paid, TTM)
- 7.80%
- Net buyback yield (TTM)
- 0.03%
- Shareholder yield
- 7.83%
- Share count change, 1 year
- +1.1%
- Share count change, 3-year CAGR
- +4.1%
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 4, 2026).
Earnings and expectations
Earnings momentum
- Consecutive EPS beats
- 1
- Beats in the last 8 reports
- 6 of 8
- Average EPS surprise, last 4
- -1.7%
- Average 2-day reaction, last 8
- -0.0%
- Positive 20 days after report
- 4 of 8
Analysts
- Consensus price target
- $20.00
- Target vs current price
- +11.0%
- Analysts with a rating
- 17
- Share rating Buy or Strong Buy
- 71%
- Consensus rating
- Buy
How the stock reacted to recent reports
| Report date | EPS surprise | 2 days | 5 days | 20 days | 60 days |
|---|---|---|---|---|---|
| Aug 4, 2026 | +1.8% | +1.6% | +6.1% | +6.4% | — |
| May 5, 2026 | -14.3% | -0.8% | -11.9% | -9.5% | -12.8% |
| Feb 12, 2026 | +4.0% | +0.0% | -7.1% | -10.3% | -10.8% |
| Nov 4, 2025 | +1.9% | -1.4% | -7.3% | -3.6% | -3.0% |
| Jul 30, 2025 | +5.7% | -0.9% | -0.5% | +1.2% | -8.4% |
| Apr 30, 2025 | +3.6% | -0.6% | -0.1% | +10.4% | +17.1% |
| Feb 13, 2025 | +7.0% | +1.2% | +3.9% | -1.1% | -4.2% |
| Nov 5, 2024 | -1.7% | +0.7% | +1.6% | +6.8% | +11.6% |
Returns from the close before each report. Past reactions do not determine future ones.
Earnings history
| Report date | EPS | Estimate | Surprise | Revenue |
|---|---|---|---|---|
| Aug 4, 2026 | $0.43 | $0.42 | +1.8% | $97.8M |
| May 5, 2026 | $0.42 | $0.49 | -14.3% | $93.4M |
| Feb 12, 2026 | $0.52 | $0.50 | +4.0% | $108.2M |
| Nov 4, 2025 | $0.53 | $0.52 | +1.9% | $81.1M |
| Jul 30, 2025 | $0.56 | $0.53 | +5.7% | $112.5M |
| Apr 30, 2025 | $0.58 | $0.56 | +3.6% | $113.9M |
| Feb 13, 2025 | $0.61 | $0.57 | +7.0% | $122.3M |
| Nov 5, 2024 | $0.57 | $0.58 | -1.7% | $109.0M |
Valuation in context
| Multiple | Now | 5-year median | 5-year percentile | Sector rank (cheapness) |
|---|---|---|---|---|
| P/E (trailing) | 19.0× | 11.0× | 95th | Bottom 43% |
| P/E (forward) | 10.4× | — | — | — |
| EV / EBITDA | 23.0× | — | — | Bottom 37% |
| EV / Sales | 9.99× | — | — | Bottom 10% |
| Free-cash-flow yield | 9.11% | — | — | Top 42% |
| Earnings yield | 5.27% | — | — | Bottom 43% |
P/E over the past five years
Range 6.9× – 19.0× 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
- -18.7%
- Earnings per share growth (TTM)
- -52.5%
- Change in P/E multiple
- +60.3%
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)
- +2.3%
- 200-day average slope (20 days)
- -1.9%
- Distance from 50-day average
- -1.3%
- Distance from 200-day average
- -3.6%
- RSI (14)
- 46.6
- Relative volume
- 1.43×
Risk and drawdowns
- Volatility, 60 days (annualized)
- 23.5%
- Volatility vs own 5-year history
- 76th percentile · Normal for this stock
- Beta vs S&P 500 (2 years, weekly)
- 0.68
- Correlation with S&P 500
- 0.44
- Current drawdown from 1-year high
- -21.3%
- Maximum drawdown, 3 years
- -35.5%
Largest declines in the past six years
| From peak | To low | Decline | Length | Recovery |
|---|---|---|---|---|
| Jul 17, 2025 | Jun 25, 2026 | -35.5% | 236 days | Not yet recovered |
| Nov 8, 2021 | Sep 29, 2022 | -34.8% | 224 days | 699 days (Jul 16, 2025) |
Declines of 10% or more from a closing high, measured on daily closes.
Financial statements
- Market cap
- $1.71B
- P/E (TTM)
- 19.0
- EPS, diluted (TTM)
- $0.95
- Revenue (TTM)
- $344.7M
- Dividend yield
- 9.99%
- 52-week range
- $16.04 – $23.19
| FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|
| Revenue | $266.3M | $187.2M | $369.8M | $359.7M | $360.2M |
| Gross profit | $225.9M | $136.5M | $273.4M | $253.0M | $262.4M |
| Operating income | $214.1M | $111.2M | $223.8M | $193.1M | $192.9M |
| Net income | $211.8M | $108.1M | $222.0M | $186.6M | $170.5M |
| EPS (diluted) | $2.79 | $1.38 | $2.61 | $2.03 | $1.81 |
| Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | Q1 2026 | Q2 2026 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $84.4M | $93.8M | $74.4M | $112.5M | $81.1M | $92.2M | $52.4M | $119.0M |
| Net income | $40.7M | $51.0M | $37.0M | $59.0M | $44.6M | $30.0M | -$26.0M | $40.5M |
| EPS (diluted) | $0.44 | $0.54 | $0.39 | $0.63 | $0.47 | $0.32 | -$0.27 | $0.43 |
| FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|
| Operating cash flow | $112.6M | $71.8M | $192.0M | $187.2M | $180.3M |
| Capital expenditure | $0 | $0 | $0 | $0 | $0 |
| Free cash flow | $112.6M | $71.8M | $192.0M | $187.2M | $180.3M |
| Dividends paid | -$85.8M | -$135.1M | -$137.1M | -$148.5M | -$170.3M |
| Net share buybacks | $85.9M | -$6.2M | $89.2M | $93.3M | $0 |
Cash outflows are shown as negative numbers.
- Cash and short-term investments
- $193.6M
- Total assets
- $3.54B
- Total liabilities
- $1.99B
- Total debt
- $1.92B
- Net debt
- $1.73B
- Shareholders’ equity
- $1.55B
As of Jun 30, 2026 (filed Aug 4, 2026).
Dividends
| Ex-date | Amount | Paid |
|---|---|---|
| Sep 15, 2026 | $0.42 | Sep 30, 2026 |
| Jun 15, 2026 | $0.42 | Jun 30, 2026 |
| Mar 16, 2026 | $0.46 | Mar 31, 2026 |
| Feb 27, 2026 | $0.01 | Mar 20, 2026 |
| Dec 15, 2025 | $0.46 | Dec 31, 2025 |
| Nov 28, 2025 | $0.03 | Dec 19, 2025 |
| Sep 15, 2025 | $0.46 | Sep 30, 2025 |
| Aug 29, 2025 | $0.05 | Sep 19, 2025 |
Short interest
- Shares sold short
- 5,025,482
- Days to cover
- 13.70
- Change vs previous report
- -3.1%
FINRA short interest, settlement date Sep 15, 2026.