Last 47 quarters of trend data · Financial Services · Asset Management
Quarterly valuation ratios — annualised for comparability. YoY Δ shows same-quarter-prior-year change.
| Metric | TTM | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 | Q4 '22 | Q3 '22 | Q2 '22 | Q1 '22 | Q4 '21 | Q3 '21 | Q2 '21 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| P/E Ratio → | 9.46 | — | 16.97 | 12.16 | 9.45 | 14.35 | 9.86 | 11.66 | 10.47 | 10.11 | 9.31 | 6.91 | 7.42 | 7.04 | 7.81 | 9.50 | — | 11.64 | 11.25 | 7.93 | 7.50 |
| — | — | +72.1% | +4.2% | -9.7% | +41.9% | +5.9% | +68.9% | +41.1% | +43.6% | +19.3% | -27.3% | — | -39.6% | -30.6% | +19.8% | — | +66.1% | +49.6% | +123.1% | +160.0% | |
| P/S Ratio | 4.52 | 0.00 | 5.58 | 6.64 | 4.97 | 7.04 | 5.32 | 5.65 | 5.43 | 5.28 | 4.26 | 4.30 | 4.41 | 4.40 | 4.91 | 5.71 | 154.44 | 8.80 | 8.30 | 6.55 | 6.20 |
| — | -99.9% | +4.9% | +17.4% | -8.3% | +33.3% | +24.7% | +31.4% | +23.0% | +20.0% | -13.1% | -24.6% | -97.1% | -49.9% | -40.9% | -12.9% | +2390.6% | +50.4% | +36.1% | +115.2% | +146.8% | |
| P/B Ratio | 1.01 | 0.00 | 1.28 | 1.33 | 1.38 | 1.31 | 1.24 | 1.20 | 1.24 | 1.21 | 1.27 | 1.20 | 1.08 | 1.10 | 1.08 | 0.98 | 1.22 | 1.48 | 1.48 | 1.43 | 1.46 |
| — | -99.9% | +3.1% | +11.2% | +11.7% | +8.5% | -2.1% | -0.4% | +14.9% | +9.8% | +17.4% | +22.7% | -11.6% | -25.7% | -26.8% | -31.5% | -16.2% | +7.8% | +6.8% | +40.2% | +42.7% | |
| P/FCF | 9.02 | — | 9.81 | 9.22 | 20.21 | 12.54 | 8.01 | 11.94 | 9.07 | 15.68 | 7.05 | 10.78 | 9.07 | 9.32 | 13.40 | 10.60 | 18.31 | — | 17.49 | 12.49 | 16.45 |
| — | — | +22.5% | -22.8% | +122.7% | -20.0% | +13.6% | +10.7% | +0.0% | +68.3% | -47.4% | +1.7% | -50.4% | — | -23.4% | -15.1% | +11.3% | — | -19.1% | +32.9% | +87.4% | |
| EV / EBITDA | 14.59 | — | 16.00 | 21.19 | 11.41 | 25.69 | 18.25 | 22.04 | 18.96 | 19.15 | 10.34 | 13.03 | 14.76 | 14.26 | 15.01 | 19.70 | — | 18.28 | 17.68 | 13.10 | 13.17 |
| — | — | -12.3% | -3.8% | -39.8% | +34.1% | +76.5% | +69.1% | +28.5% | +34.3% | -31.1% | -33.8% | — | -22.0% | -15.1% | +50.3% | — | +55.1% | +44.0% | +110.4% | +158.5% | |
| EV / EBIT | 17.46 | — | 16.00 | 21.19 | 11.41 | 25.69 | 18.25 | 22.04 | 18.96 | 19.15 | 10.34 | 13.03 | 14.76 | 14.26 | 15.01 | 19.70 | — | 18.28 | 17.68 | 13.10 | 13.17 |
| — | — | -12.3% | -3.8% | -39.8% | +34.1% | +76.5% | +69.1% | +28.5% | +34.3% | -31.1% | -33.8% | — | -22.0% | -15.1% | +50.3% | — | +55.1% | +44.0% | +110.4% | +158.5% |
Quarterly margins and returns. Watch for margin compression across consecutive quarters.
| Metric | TTM | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 | Q4 '22 | Q3 '22 | Q2 '22 | Q1 '22 | Q4 '21 | Q3 '21 | Q2 '21 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 72.8% | — | 76.8% | 70.6% | 77.4% | 63.5% | 69.6% | 70.1% | 71.4% | 70.1% | 80.1% | 75.9% | 73.0% | 75.6% | 78.8% | 73.9% | -317.6% | 81.6% | 82.6% | 84.9% | 85.2% |
| — | — | +10.4% | +0.6% | +8.4% | -9.5% | -13.2% | -7.6% | -2.1% | -7.3% | +1.7% | +2.6% | +123.0% | -7.3% | -4.6% | -12.9% | -472.7% | -5.3% | -4.8% | -6.5% | -7.6% | |
| Operating Margin | 53.5% | — | 64.0% | 57.1% | 43.8% | 51.5% | 56.8% | 50.7% | 53.3% | 53.6% | 79.9% | 63.0% | 60.5% | 63.1% | 65.0% | 61.1% | -521.2% | 76.4% | 76.5% | 80.7% | 81.5% |
| — | — | +12.6% | +12.6% | -17.8% | -3.9% | -28.9% | -19.5% | -11.9% | -15.1% | +22.9% | +3.1% | +111.6% | -17.4% | -15.0% | -24.2% | -739.4% | -7.0% | -8.9% | -8.1% | -7.6% | |
| Net Margin | 47.3% | 45.0% | 32.5% | 55.0% | 52.5% | 49.7% | 54.4% | 48.1% | 52.0% | 52.6% | 46.0% | 62.6% | 59.5% | 62.6% | 62.7% | 60.5% | -551.8% | 75.8% | 73.7% | 80.5% | 81.3% |
| — | -9.4% | -40.2% | +14.2% | +1.0% | -5.7% | +18.2% | -23.1% | -12.7% | -15.9% | -26.6% | +3.4% | +110.8% | -17.3% | -15.0% | -24.9% | -778.9% | -7.0% | -9.3% | -6.0% | -6.9% |
| Metric | TTM | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 | Q4 '22 | Q3 '22 | Q2 '22 | Q1 '22 | Q4 '21 | Q3 '21 | Q2 '21 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 10.6% | 5.3% | 1.9% | 2.8% | 3.7% | 2.3% | 3.2% | 2.5% | 3.0% | 3.1% | 3.4% | 4.4% | 3.8% | 3.9% | 3.5% | 2.7% | -1.1% | 3.2% | 3.3% | 4.4% | 4.8% |
| — | +130.8% | -41.7% | +8.3% | +23.0% | -25.4% | -7.3% | -42.2% | -20.9% | -21.4% | -1.0% | +64.2% | +452.0% | +22.9% | +4.7% | -39.6% | -122.1% | -33.8% | -28.8% | -39.7% | -46.5% | |
| ROA | 4.9% | 2.4% | 0.9% | 1.3% | 1.7% | 1.0% | 1.4% | 1.2% | 1.4% | 1.4% | 1.6% | 2.1% | 1.7% | 1.8% | 1.6% | 1.3% | -0.5% | 1.6% | 1.7% | 2.2% | 2.3% |
| — | +131.5% | -39.7% | +9.6% | +23.1% | -25.4% | -8.7% | -42.7% | -20.2% | -23.3% | -3.3% | +62.2% | +425.6% | +12.4% | -3.1% | -41.9% | -123.0% | -31.9% | -29.9% | -44.7% | -50.3% | |
| ROIC | 4.2% | — | 1.3% | 1.0% | 1.1% | 0.8% | 1.1% | 0.9% | 1.1% | 1.1% | 2.1% | 1.6% | 1.3% | 1.4% | 1.3% | 1.0% | -0.4% | 1.3% | 1.4% | 1.7% | 1.8% |
| — | — | +13.4% | +7.9% | -0.0% | -24.1% | -45.1% | -40.1% | -19.3% | -22.4% | +61.6% | +60.1% | +445.2% | +10.4% | -4.3% | -41.6% | -121.3% | -32.8% | -29.2% | -45.9% | -49.8% |
Quarterly solvency trend — watch for debt spikes or covenant pressure.
| Metric | TTM | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 | Q4 '22 | Q3 '22 | Q2 '22 | Q1 '22 | Q4 '21 | Q3 '21 | Q2 '21 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 1.08 | — | 1.08 | 1.13 | 1.07 | 1.15 | 1.18 | 1.17 | 1.07 | 1.14 | 1.19 | 1.09 | 1.11 | 1.15 | 1.07 | 1.10 | 1.01 | 0.87 | 0.93 | 0.88 | 1.07 |
| — | — | -8.3% | -3.3% | -0.4% | +1.0% | -0.6% | +7.2% | -3.6% | -1.1% | +10.7% | -0.4% | +10.0% | +32.0% | +15.6% | +24.5% | -5.2% | -3.3% | -2.8% | +8.2% | +32.3% | |
| Debt / EBITDA | 7.55 | — | 29.38 | 39.61 | 19.89 | 48.16 | 35.66 | 43.69 | 35.23 | 37.30 | 20.02 | 24.86 | 30.07 | 29.29 | 30.04 | 41.88 | — | 27.19 | 27.34 | 20.03 | 22.30 |
| — | — | -17.6% | -9.3% | -43.5% | +29.1% | +78.1% | +75.7% | +17.2% | +27.4% | -33.4% | -40.6% | — | +7.7% | +9.9% | +109.1% | — | +45.0% | +36.0% | +80.8% | +147.6% | |
| Current Ratio | 0.11 | — | 0.11 | 2.40 | 0.13 | 0.47 | 0.38 | 1.05 | — | — | — | — | — | — | — | — | 0.72 | 0.65 | 0.51 | 0.64 | 0.77 |
| — | — | -70.8% | +129.1% | — | — | — | — | — | — | — | — | — | — | — | — | -7.0% | +311.6% | -50.8% | -26.0% | -3.0% | |
| Quick Ratio | 0.11 | — | 0.11 | 2.40 | 0.13 | 0.47 | 0.38 | 1.05 | — | — | — | — | — | — | — | — | 0.72 | 0.65 | 0.51 | 0.64 | 0.77 |
| — | — | -70.8% | +129.1% | — | — | — | — | — | — | — | — | — | — | — | — | -7.0% | +311.6% | -50.8% | -26.0% | -3.0% | |
| Interest Coverage | 2.19 | — | 2.12 | 1.94 | 3.27 | 1.41 | 1.87 | 1.70 | 1.87 | 1.79 | 3.33 | 2.61 | 2.24 | 2.59 | 3.07 | 2.35 | -1.25 | 4.14 | 4.39 | 5.34 | 5.52 |
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Includes 30+ ratios · 47 years · Updated daily
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Quick answers to the most common questions about buying TSLX stock.
Sixth Street Specialty Lending, Inc.'s current P/E is 9.5x. The average P/E over the last 3 quarters is 12.9x. Quarterly P/E ratios can vary due to seasonal revenue patterns and one-time charges.
Sixth Street Specialty Lending, Inc.'s current operating margin is 53.5%. Margins have been expanding over recent quarters. Quarterly margins are particularly useful for identifying trend inflections that annual data smooths over.
Quarterly financial ratios reveal short-term trend shifts — margin compression, debt spikes, or valuation re-ratings — that annual figures smooth over. They're essential for active investors tracking Sixth Street Specialty Lending, Inc.'s business trajectory between earnings reports.