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Sixth Street Specialty Lending, Inc. TSLX

NYSE · stock · website · IPO 2014-03-21 · LEI

Sixth Street Specialty Lending, Inc. statistics & valuation

Market cap$1.6B
P / E9.4×
P / B1.0×
Dividend yield10.61%
Return on equity10.6%
Net debt$1.7B
Enterprise value USD$3.3B
Graham number +39.9%$26.29

Market cap as of 2026-06-29. Multiples are price-derived and refreshed daily; everything else from the latest financial reports. The Graham number is Benjamin Graham's rough maximum fair value ($26.29); a green figure means the price is below it.

Profitability & efficiency

Gross margin (%)
20212022202320242025
Operating margin (%)
20212022202320242025
Return on equity (%)
14.80% 11.60% 10.60% 20212022202320242025
Shares outstanding
77.7M 81.4M 87.8M 93.7M 94.7M 20212022202320242025
Net debt ($)
$1.17B $1.42B $1.76B $1.87B $1.72B 20212022202320242025
Share buybacks ($)
20212022202320242025
Return on assets (%)
6.60% 5.20% 5.00% 20212022202320242025
Free cash flow margin (%)
20212022202320242025
Debt / equity (×)
0.93× 1.07× 1.19× 1.18× 1.08× 20212022202320242025
EPS ($)
$2.79 $1.38 $2.61 $2.03 $1.81 20212022202320242025

Margins and returns computed from annual filings. Falling shares outstanding = buybacks; rising = dilution. Net debt = debt − cash (negative = net cash).

P / E vs its own history

Sixth Street Specialty Lending, Inc. trades at about 10.4× earnings — near its 10-year norm (10-year range 8.3×–13.9×, median 11×).

8.3× 13.9×

Shaded band = 10-year range (8.3×–13.9×); dot = today's 10.4×.

Historical P/E = month-end price near each fiscal year-end ÷ that year's EPS. A read on whether the stock is cheap or dear relative to how it has typically been valued — not a forecast.

Key ratios (by fiscal year)

RatioFY2025FY2024FY2023FY2022FY2021
Return on assets5.0%5.2%6.6%——
Return on equity10.6%11.6%14.8%——
Debt / equity1.08×1.18×1.19×1.07×0.93×

Computed from company filings · US · as of 2025-12-31. Facts plus Stocktoria's own computed scores — not investment advice.