TSLX - Sixth Street Specialty Lending, Inc.
Price:
--
--
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CONSENSUS:
Buy
DETAILS
|
PRICE TARGET:
$20.00
DETAILS
HIGH:
$20.00
LOW:
$20.00
MEDIAN:
$20.00
CONSENSUS:
$20.00
UPSIDE:
16.55%
| Metric | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | |||||||||||||||
| Revenue | 360.2 | 359.7 | 369.8 | 187.2 | 266.3 | 235.4 | 220.5 | 177.9 | 152.5 | 175.1 | 100.2 | 107.8 | 76.9 | 46.7 | 5.7 |
| Cost of Revenue | 97.8 | 106.8 | 96.4 | 50.7 | 40.4 | 37.0 | 40.1 | 36.6 | 23.6 | 21.1 | 15.9 | 11.3 | 7.2 | 3.3 | 0.4 |
| Gross Profit | 262.4 | 253.0 | 273.4 | 136.5 | 225.9 | 198.4 | 180.4 | 141.4 | 128.9 | 154.0 | 84.3 | 96.5 | 69.8 | 43.4 | 5.3 |
| Operating Expenses | |||||||||||||||
| R&D Expenses | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| SG&A Expenses | 14.7 | 13.9 | 13.4 | 13.4 | 13.6 | 12.9 | 13.0 | 12.8 | 10.7 | 13.2 | 13.4 | 9.0 | 6.4 | 4.7 | 4.1 |
| Other Expenses | 54.9 | 45.9 | 36.2 | 11.9 | (1.8) | 1.6 | 9.0 | 6.1 | 3.7 | 1.6 | 5.9 | 1.4 | (3.8) | (1.0) | 0.4 |
| Operating Expenses | 69.5 | 59.9 | 49.6 | 25.3 | 11.8 | 14.5 | 22.1 | 19.0 | 14.4 | 14.8 | 19.3 | 10.3 | 2.6 | 3.8 | 4.5 |
| Operating Income | |||||||||||||||
| Operating Income | 192.9 | 193.1 | 223.8 | 111.2 | 214.1 | 183.9 | 158.3 | 122.4 | 114.4 | 139.2 | 65.1 | 86.2 | 67.2 | 39.6 | 0.8 |
| Interest Expense | 105.6 | 106.8 | 96.4 | 50.7 | 40.4 | 37.0 | 40.1 | 36.6 | 23.6 | 21.1 | 15.9 | 11.3 | 7.2 | 3.3 | 0.4 |
| Interest Income | 429.0 | 452.3 | 418.8 | 297.6 | 266.7 | 245.7 | 237.1 | 249.9 | 200.7 | 177.8 | 164.6 | 154.0 | 90.4 | 49.1 | 5.3 |
| Profitability | |||||||||||||||
| EBITDA | 230.8 | 193.1 | 223.8 | 111.2 | 214.1 | 183.9 | 158.3 | 122.4 | 114.4 | 139.2 | 65.1 | 86.2 | 67.2 | 39.6 | 0.8 |
| EBIT | 230.8 | 193.1 | 223.8 | 111.2 | 214.1 | 183.9 | 158.3 | 122.4 | 114.4 | 139.2 | 65.1 | 86.2 | 67.2 | 39.6 | 0.8 |
| Income Before Tax | 176.3 | 193.1 | 223.8 | 111.2 | 214.1 | 183.9 | 158.3 | 122.4 | 114.4 | 139.2 | 65.1 | 86.2 | 67.2 | 39.6 | 0.8 |
| Income Tax Expense | 5.7 | 6.6 | 1.8 | 3.2 | 2.3 | 5.8 | 3.8 | 3.4 | 2.8 | 2.2 | 1.5 | 1.1 | 0.2 | 0.0 | 0 |
| Net Income | 170.5 | 186.6 | 222.0 | 108.1 | 211.8 | 178.1 | 154.6 | 119.0 | 111.6 | 137.0 | 63.6 | 85.0 | 67.0 | 39.6 | 0.8 |
| Per Share Data | |||||||||||||||
| EPS (Basic) | 1.81 | 2.03 | 2.61 | 1.38 | 2.93 | 2.65 | 2.34 | 1.86 | 1.86 | 2.34 | 1.18 | 1.68 | 1.93 | 1.93 | 0.02 |
| EPS (Diluted) | 1.81 | 2.03 | 2.61 | 1.38 | 2.79 | 2.65 | 2.34 | 1.86 | 1.86 | 2.34 | 1.18 | 1.68 | 1.93 | 1.93 | 0.02 |
| Shares Outstanding | 94.7 | 92.0 | 85.1 | 78.2 | 72.2 | 67.2 | 66.1 | 64.0 | 60.0 | 58.6 | 54.0 | 50.5 | 34.6 | 34.6 | 34.6 |
| Metric | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Current Assets | ||||||||||
| Cash & Cash Equivalents | 2.9 | 5.0 | 1.2 | 10.2 | 1.6 | 2.5 | 4.8 | 3.3 | 3.5 | 4.9 |
| Short-Term Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Net Receivables | 0 | 0 | 0 | 0 | 0 | 8.6 | 13.1 | 8.8 | 6.8 | 9.7 |
| Inventory | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Current Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Current Assets | 2.9 | 10.9 | 8.8 | 14.7 | 5.1 | 28.9 | 25.7 | 17.1 | 23.4 | 17.0 |
| Non-Current Assets | ||||||||||
| Property, Plant & Equipment | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Goodwill | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Intangible Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Long-Term Investments | 0 | 0 | 0 | 0 | 0 | 36.7 | 47.9 | 56.5 | 135.9 | 65.9 |
| Other Non-Current Assets | 3,418.7 | 3,571.3 | 3,335.0 | 2,822.2 | 2,546.8 | 2,273.0 | 2,207.3 | 1,656.8 | 1,561.0 | 1,592.6 |
| Total Non-Current Assets | 3,418.7 | 3,571.3 | 3,335.0 | 2,822.2 | 2,546.8 | 2,309.7 | 2,255.2 | 1,713.3 | 1,696.9 | 1,658.5 |
| Total Assets | 3,421.7 | 3,582.2 | 3,343.8 | 2,836.9 | 2,551.9 | 2,338.6 | 2,280.9 | 1,730.3 | 1,720.2 | 1,675.5 |
| Current Liabilities | ||||||||||
| Account Payables | 0 | 0 | 0 | 0 | 30.9 | 27.7 | 25.9 | 25.5 | 23.5 | 23.3 |
| Short-Term Debt | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Deferred Revenue | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Current Liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Current Liabilities | 26.3 | 28.6 | 26.2 | 24.7 | 53.2 | 27.7 | 25.9 | 25.5 | 23.5 | 23.3 |
| Non-Current Liabilities | ||||||||||
| Long-Term Debt | 1,743.2 | 1,901.1 | 1,780.3 | 1,441.8 | 1,186.0 | 1,110.4 | 1,094.5 | 608.0 | 703.4 | 680.7 |
| Deferred Tax Liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Non-Current Liabilities | 44.4 | 45.0 | 40.9 | 28.9 | 36.8 | 39.2 | 41.2 | 33.6 | 24.0 | 19.3 |
| Total Non-Current Liabilities | 1,787.6 | 1,946.1 | 1,821.2 | 1,470.7 | 1,222.8 | 1,149.5 | 1,135.7 | 641.6 | 727.5 | 700.0 |
| Total Liabilities | 1,813.9 | 1,974.7 | 1,847.4 | 1,495.4 | 1,276.0 | 1,177.3 | 1,161.6 | 667.1 | 751.0 | 723.3 |
| Stockholders' Equity | ||||||||||
| Common Stock | 1.0 | 0.9 | 0.9 | 0.8 | 0.8 | 0.7 | 0.7 | 0.7 | 0.6 | 0.6 |
| Retained Earnings | 81.6 | 97.7 | 100.8 | 56.5 | 90.1 | 139.2 | 110.7 | 72.0 | 63.5 | 2.5 |
| Accumulated Other Comprehensive Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Stockholders' Equity | 1,607.7 | 1,607.5 | 1,496.4 | 1,341.6 | 1,275.8 | 1,161.3 | 1,119.3 | 1,063.2 | 969.3 | 952.2 |
| Total Liabilities & Equity | 3,421.7 | 3,582.2 | 3,343.8 | 2,836.9 | 2,551.9 | 2,338.6 | 2,280.9 | 1,730.3 | 1,720.2 | 1,675.5 |
| Debt Metrics | ||||||||||
| Total Debt | 1,743.2 | 1,901.1 | 1,780.3 | 1,441.8 | 1,186.0 | 1,110.4 | 1,094.5 | 608.0 | 703.4 | 680.7 |
| Net Debt | 1,740.3 | 1,896.2 | 1,779.1 | 1,431.6 | 1,184.4 | 1,107.9 | 1,089.6 | 604.7 | 699.9 | 675.8 |
| Metric | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||||
| Net Income | 170.5 | 186.6 | 222.0 | 108.1 | 211.8 | 178.1 | 154.6 | 119.0 | 111.6 | 137.0 |
| Depreciation & Amortization | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Stock-Based Compensation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Change in Working Capital | 13.5 | 13.1 | 24.8 | (68.3) | 2.7 | 17.7 | 8.0 | 13.9 | (4.0) | (2.1) |
| Other Non-Cash Items | (3.7) | (12.4) | (54.8) | 32.1 | (101.9) | (59.8) | (44.5) | 0.5 | (23.3) | (51.6) |
| Operating Cash Flow | 180.3 | 187.2 | 192.0 | 71.8 | 112.6 | 136.0 | 118.1 | 133.4 | 84.3 | 83.3 |
| Investing Activities | ||||||||||
| Capital Expenditure | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Acquisitions | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Purchases of Investments | (1,118.1) | (1,096.1) | (943.5) | (995.6) | (1,198.9) | (1,038.9) | (1,118.1) | (838.2) | (1,028.0) | (720.7) |
| Sales/Maturities of Investments | 1,339.4 | 863.4 | 514.7 | 699.3 | 1,088.8 | 1,048.0 | 622.0 | 824.0 | 1,026.1 | 595.5 |
| Other Investing Activities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investing Cash Flow | 221.3 | (232.7) | (428.8) | (296.4) | (110.2) | 9.1 | (496.1) | (14.2) | (1.9) | (125.2) |
| Financing Activities | ||||||||||
| Net Debt Issuance | (231.6) | 123.0 | 303.6 | 385.1 | 136.3 | (12.6) | 479.7 | (91.2) | 13.0 | 43.7 |
| Stock Repurchased | 0 | 0 | 0 | (6.2) | 0 | 0 | 0 | 0 | 0 | (1.3) |
| Dividends Paid | (170.3) | (168.7) | (156.4) | (144.7) | (221.9) | (130.4) | (98.1) | (95.9) | (94.7) | (80.3) |
| Other Financing Activities | (7.3) | 0 | 0 | 0 | 0 | (2.9) | 0 | 0 | 0 | 0 |
| Financing Cash Flow | (409.2) | 47.6 | 236.3 | 234.2 | 0.2 | (145.9) | 381.6 | (115.3) | (81.7) | 40.3 |
| Cash Position | ||||||||||
| Net Change in Cash | (7.7) | 2.1 | (0.5) | 9.7 | 2.7 | (0.9) | 3.6 | 3.9 | 0.7 | 2.6 |
| Cash at Beginning | 27.3 | 25.2 | 25.6 | 16.0 | 13.3 | 14.1 | 10.6 | 6.7 | 6.0 | 2.4 |
| Cash at End | 19.7 | 27.3 | 25.2 | 25.6 | 16.0 | 13.3 | 14.1 | 10.6 | 6.7 | 6.0 |
| Free Cash Flow | 180.3 | 187.2 | 192.0 | 71.8 | 112.6 | 136.0 | 118.1 | 133.4 | 84.3 | 83.3 |
| Key Metrics | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Income Statement | |||||||||||||||
| Revenue | 360.2 | 359.7 | 369.8 | 187.2 | 266.3 | 235.4 | 220.5 | 177.9 | 152.5 | 175.1 | 100.2 | 107.8 | 76.9 | 46.7 | 5.7 |
| Gross Profit | 262.4 | 253.0 | 273.4 | 136.5 | 225.9 | 198.4 | 180.4 | 141.4 | 128.9 | 154.0 | 84.3 | 96.5 | 69.8 | 43.4 | 5.3 |
| Operating Income | 192.9 | 193.1 | 223.8 | 111.2 | 214.1 | 183.9 | 158.3 | 122.4 | 114.4 | 139.2 | 65.1 | 86.2 | 67.2 | 39.6 | 0.8 |
| Net Income | 170.5 | 186.6 | 222.0 | 108.1 | 211.8 | 178.1 | 154.6 | 119.0 | 111.6 | 137.0 | 63.6 | 85.0 | 67.0 | 39.6 | 0.8 |
| EPS (Diluted) | 1.81 | 2.03 | 2.61 | 1.38 | 2.79 | 2.65 | 2.34 | 1.86 | 1.86 | 2.34 | 1.18 | 1.68 | 1.93 | 1.93 | 0.02 |
| Balance Sheet | |||||||||||||||
| Cash & Equivalents | 2.9 | 5.0 | 1.2 | 10.2 | 1.6 | 2.5 | 4.8 | 3.3 | 3.5 | 4.9 | |||||
| Total Assets | 3,421.7 | 3,582.2 | 3,343.8 | 2,836.9 | 2,551.9 | 2,338.6 | 2,280.9 | 1,730.3 | 1,720.2 | 1,675.5 | |||||
| Total Debt | 1,743.2 | 1,901.1 | 1,780.3 | 1,441.8 | 1,186.0 | 1,110.4 | 1,094.5 | 608.0 | 703.4 | 680.7 | |||||
| Stockholders' Equity | 1,607.7 | 1,607.5 | 1,496.4 | 1,341.6 | 1,275.8 | 1,161.3 | 1,119.3 | 1,063.2 | 969.3 | 952.2 | |||||
| Cash Flow | |||||||||||||||
| Operating Cash Flow | 180.3 | 187.2 | 192.0 | 71.8 | 112.6 | 136.0 | 118.1 | 133.4 | 84.3 | 83.3 | |||||
| Capital Expenditure | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |||||
| Free Cash Flow | 180.3 | 187.2 | 192.0 | 71.8 | 112.6 | 136.0 | 118.1 | 133.4 | 84.3 | 83.3 | |||||