Sixth Street Specialty Lending Inc

Sixth Street Specialty Lending Inc

TSLX · NYSE · Financial Services / Asset Management

17.64USD+0.08 (+0.46%)

Price History

Full chart

Market Stats

Previous Close17.56
Open17.65
Day Range17.50 – 17.74
52-Week Range15.67 – 21.04
Volume301.80K
Market Cap1.73B
P/E (TTM)19.30
Forward P/E10.22
EPS0.94
Dividend Yield9.26%
Beta0.65
50-Day Avg18.13
200-Day Avg18.81

About

Sixth Street Specialty Lending, Inc. (NYSE: TSLX) is a business development company. The fund provides senior secured loans (first-lien, second-lien, and unitranche), unsecured loans, mezzanine debt, and investments in corporate bonds and equity securities and structured products, non-control structured equity, and common equity with a focus on co-investments for organic growth, acquisitions, market or product expansion, restructuring initiatives, recapitalizations, growth capital, buyout, and refinancing. The fund invests in business services, software & technology, healthcare, energy, consumer & retail, manufacturing, industrials, royalty related businesses, education, and specialty finance. The fund seeks to finance and lending to middle market companies principally located in the United States. The fund invests in companies with enterprise value between $50 million and $1000 million or more and EBITDA between $10 million and $250 million. The debt transaction size is between $15 million and $350 million. The fund invests across the spectrum of the capital structure and can arrange syndicated transactions of up to $500 million and hold sizeable positions within its credits.

Company Details

Leadership

  • Mr. Michael E. FishmanVP & Chairman · b. 1963
  • Mr. Robert J. StanleyCEO & Director · b. 1974
  • Mr. Ian Timothy SimmondsChief Financial Officer
  • Mr. Michael Graf CPADeputy CFO & Principal Accounting Officer · b. 1982
  • Mr. Anton BrettChief Compliance Officer & Secretary · b. 1987
  • Mr. David Stiepleman J.D.VP & Non-Independent Director · b. 1971
  • Ms. Jennifer E. Gordon J.D.VP & Non-Independent Director · b. 1975
  • Mr. Matthew LillardPrincipal
  • Mr. Johnny LeePrincipal of Sixth Street Specialty Lending Advisers, LLC
  • Mr. Patrick O'Neil FaganPrincipal of Sixth Street Specialty Lending Advisers, LLC

Financials

Income Statement

Currency: USD2011-12-312012-12-312013-12-312014-12-312015-12-312016-12-312017-12-312018-12-312019-12-312020-12-312021-12-312022-12-312023-12-312024-12-312025-12-31
Total Revenue4.89M40.67M66.46M92.68M84.33M154.04M128.86M135.18M171.37M198.35M223.96M187.16M369.80M359.74M360.21M
Growth (%)-+732.19%+63.41%+39.46%-9.01%+82.67%-16.35%+4.91%+26.77%+15.74%+12.91%-16.43%+97.59%-2.72%+0.13%
Cost of Revenue2.70M21.90M35.60M51.21M-1.54M-1.06M-1.38M-5.84M106.42M65.01M83.46M50.66M96.39M106.77M97.82M
Gross Profit4.89M40.67M66.46M92.68M84.33M155.09M130.24M141.02M171.37M198.35M223.96M136.49M273.41M252.97M262.39M
Gross Margin100.00%100.00%100.00%100.00%100.00%100.69%101.07%104.32%100.00%100.00%100.00%72.93%73.93%70.32%72.84%
Operating Expense3.27M-4.99M-11.19M-8.59M3.35M-5.23M-7.82M-18.29M13.04M14.48M11.79M25.26M49.57M59.85M69.50M
Operating Income1.61M45.66M77.65M101.27M80.97M160.33M138.05M159.31M158.33M183.87M212.16M111.24M223.83M193.12M192.89M
Operating Margin33.01%112.27%116.84%109.27%96.02%104.08%107.14%117.85%92.39%92.70%94.73%59.44%60.53%53.68%53.55%
EBITDA1.61M45.66M77.65M101.27M80.97M160.33M138.05M159.31M158.33M158.16M200.08M111.24M223.83M193.12M230.75M
EBITDA Margin33.01%112.27%116.84%109.27%96.02%104.08%107.14%117.85%92.39%79.74%89.34%59.44%60.53%53.68%64.06%
Net Income813.00K39.59M66.98M85.05M63.57M137.01M111.61M119.02M154.58M178.11M211.78M108.05M222.02M186.57M170.52M
Net Income Margin16.64%97.36%100.79%91.77%75.38%88.94%86.62%88.05%90.20%89.79%94.56%57.73%60.04%51.86%47.34%
R&D-----0.720.580.490.620.690.670.340.53--
R&D as % of Total Revenue-----0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%--
Interest Expense800.00K6.02M10.47M15.08M15.90M21.09M23.61M42.76M49.11M37.04M40.41M50.66M96.39M106.77M105.56M
Interest Expense % of Total Revenue16.37%14.80%15.75%16.27%18.86%13.69%18.32%31.63%28.66%18.67%18.04%27.07%26.07%29.68%29.30%

Balance Sheet

Currency: USD2011-12-312012-12-312013-12-312014-12-312015-12-312016-12-312017-12-312018-12-312019-12-312020-12-312021-12-312022-12-312023-12-312024-12-312025-12-31
Total Assets332.25M833.15M1.04B1.30B1.52B1.68B1.72B1.73B2.28B2.34B2.55B2.84B3.34B3.58B3.42B
Total Liabilities159.16M353.35M464.45M468.33M696.19M723.32M750.95M667.12M1.16B1.18B1.28B1.50B1.85B1.97B1.81B
Total Equity173.09M479.80M574.70M835.40M820.74M952.21M969.28M1.06B1.12B1.16B1.28B1.34B1.50B1.61B1.61B
Cash143.69M161.82M3.47M2.41M2.43M4.87M3.52M10.57M4.83M2.46M1.57M10.21M1.22M4.97M2.94M
Total Debt155.00M331.84M432.27M395.86M652.79M680.71M703.43M721.61M1.09B1.11B1.19B2.30B1.78B1.90B1.74B
Net Debt11.31M170.01M428.80M393.45M650.36M675.84M699.91M597.43M1.09B1.11B1.18B1.43B1.78B1.90B1.74B

Cash Flow

Currency: USD2011-12-312012-12-312013-12-312014-12-312015-12-312016-12-312017-12-312018-12-312019-12-312020-12-312021-12-312022-12-312023-12-312024-12-312025-12-31
Operating Cash Flow-182.13M-430.10M-289.63M-148.83M60.23M83.33M84.29M133.42M-378.04M145.07M2.45M-224.53M191.97M187.25M180.28M
Investing Cash Flow-184.20T-760.67B-602.99B-974.82B-243.74M-125.18M-1.91M-14.23M-1.12B-1.04B-1.20B-995.62M-428.76M-232.74M221.29M
Financing Cash Flow325.82M448.23M131.28M147.77M183.52M40.33M-81.68M-115.28M381.61M-145.94M241.00K234.21M236.34M47.62M-409.24M
Capital Expenditure000000000000000
Free Cash Flow-182.13M-430.10M-289.63M-148.83M60.23M83.33M84.29M133.42M-378.04M145.07M2.45M-224.53M191.97M187.25M180.28M
Dividends Paid649.64B10.97M24.40M52.59M78.06M80.29M94.69M95.91M98.06M130.45M221.94M144.73M156.42M168.72M170.32M
FCF to OCF100.00%100.00%100.00%100.00%100.00%100.00%100.00%100.00%100.00%100.00%100.00%100.00%100.00%100.00%100.00%
Dividend Paid to FCF-356694.90%-2.55%-8.42%-35.33%129.61%96.35%112.34%71.88%-25.94%89.92%9051.43%-64.46%81.48%90.11%94.48%

Earnings

Report DateMay 8, 2014Aug 4, 2014Nov 3, 2014Feb 24, 2015May 7, 2015Aug 4, 2015Nov 3, 2015Feb 24, 2016May 4, 2016Aug 3, 2016Nov 7, 2016Feb 22, 2017May 3, 2017Aug 2, 2017Nov 7, 2017Feb 21, 2018May 3, 2018Aug 1, 2018Nov 6, 2018Feb 20, 2019May 2, 2019Jul 31, 2019Nov 5, 2019Feb 19, 2020May 5, 2020Aug 4, 2020Nov 4, 2020Feb 17, 2021May 4, 2021Aug 3, 2021Nov 2, 2021Feb 17, 2022May 3, 2022Aug 2, 2022Nov 1, 2022Feb 16, 2023May 8, 2023Aug 3, 2023Nov 2, 2023Feb 15, 2024May 1, 2024Jul 31, 2024Nov 5, 2024Feb 13, 2025Apr 30, 2025Jul 30, 2025Nov 4, 2025Feb 12, 2026May 5, 2026Aug 4, 2026Nov 3, 2026
EPS Estimate0.410.440.390.400.410.410.420.430.420.420.430.440.440.460.440.450.460.470.490.530.470.470.490.470.490.510.470.510.490.490.500.520.500.480.490.570.540.550.570.580.590.580.570.570.550.530.520.500.500.410.43
EPS Actual0.510.550.350.570.390.460.480.440.420.430.510.470.480.560.510.450.510.560.500.670.410.470.550.510.510.590.610.500.420.340.450.630.440.500.470.640.530.580.570.620.590.580.590.620.620.560.530.620.420.43-
Surprise24.39%25.00%-10.26%42.50%-4.88%12.20%14.29%2.33%0.00%2.38%18.60%6.82%9.09%21.74%15.91%0.00%10.87%19.15%2.04%26.42%-12.77%0.00%12.24%8.51%4.08%15.69%29.79%-1.96%-14.29%-30.61%-10.00%21.15%-12.00%4.17%-4.08%12.28%-1.85%5.45%0.00%6.90%0.00%0.00%3.51%8.60%12.73%5.66%1.92%24.00%-16.00%4.88%-
Timing-After-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursPre-marketAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hours-

Key Statistics & Ratios

Market Cap1.73B
Enterprise Value3.50B
Trailing P/E19.30
Forward P/E10.22
PEG Ratio1.28
Price / Sales4.23
Price / Book1.12
EPS0.94
Book Value16.24
Revenue (TTM)408.93M
Gross Profit (TTM)408.93M
Profit Margin21.78%
Operating Margin73.86%
Return on Equity5.63%
Return on Assets5.54%
Shares Outstanding95.34M
Shares Float0
Beta0.65
Dividend Yield9.26%
Dividend Rate1.68
Payout Ratio65.50%

Analyst Ratings

Buy
Based on 11 analystsTarget 19.77
  • Strong Buy
    5
  • Buy
    5
  • Hold
    1

Ownership Breakdown

Institutions
57.27%
Insiders
0.46%
Retail / Other
42.27%

Top Institutional Holders

  • STRS OHIO
    4.35M4.56%
  • Sixth Street Partners Management Company, L.P.
    2.71M2.85%
  • Sound Income Strategies
    2.71M2.84%
  • Progeny 3, Inc.
    2.48M2.60%
  • Omers Administration Corp
    1.96M2.06%
  • UBS Group AG
    1.86M1.95%
  • Van Eck Associates Corporation
    1.85M1.94%
  • Ares Management LLC
    1.40M1.47%
  • Allen Investment Management LLC
    1.37M1.44%
  • Wells Fargo & Co
    1.34M1.40%
  • Morgan Stanley - Brokerage Accounts
    1.33M1.39%
  • Callodine Capital Management, LP
    1.18M1.23%
  • HPM Partners LLC
    1.14M1.19%
  • Muzinich & Co Inc
    1.08M1.13%
  • RiverNorth Capital Management, LLC
    969.60K1.02%
  • Advisors Capital Management, LLC
    864.11K0.91%
  • TECTONIC ADVISORS LLC
    845.20K0.89%
  • Sumitomo Mitsui Trust Group Inc
    792.45K0.83%
  • LSV Asset Management
    789.10K0.83%

Top Fund Holders

  • VanEck BDC Income ETF
    1.87M1.96%

Dividends

20264×
0.42Sep 15, 20260.42Jun 15, 20260.46Mar 16, 20260.01Feb 27, 2026
20258×
0.46Dec 15, 20250.03Nov 28, 20250.46Sep 15, 20250.05Aug 29, 20250.46Jun 16, 20250.06May 30, 20250.46Mar 14, 20250.07Feb 28, 2025
20249×
0.46Dec 16, 20240.05Nov 29, 20240.46Sep 16, 20240.06Aug 30, 20240.46Jun 14, 20240.06May 31, 20240.46Mar 14, 20240.08Feb 28, 20240.46Feb 14, 2024
20233×
0.46Dec 14, 20230.07Nov 29, 20230.46Sep 14, 2023