Blackstone Secured Lending Fund (BXSL) FCF Margin (2021 - 2026)
Blackstone Secured Lending Fund (BXSL) posted FCF Margin of 76.58% for Q1 2026, up 219.32% on a QoQ basis from 64.18% in Q4 2025, and down 4212.0% year-over-year from 1.86% in Q1 2025.
Blackstone Secured Lending Fund (BXSL) FCF Margin (2021 - 2026) Analysis & Trends
Blackstone Secured Lending Fund's FCF Margin history runs 6 years deep, the most recent figure standing at 76.58% for Q1 2026.
- Quarterly FCF Margin fell 4212.0% year-over-year to 76.58% in Q1 2026, while the trailing twelve-month figure through Mar 2026 was 45.73% (up 7784.0% YoY) and the FY2025 annual result came in at 32.32%, up 15807.0% from the prior year.
- FCF Margin was 76.58% for Q1 2026 at Blackstone Secured Lending Fund, up from 64.18% in the prior quarter.
- Across five years, FCF Margin topped out at 228.83% in Q3 2022 and bottomed at 256.3% in Q4 2024.
- A 5-year average of 19.88% and a median of 31.83% in 2023 frame the typical range for FCF Margin.
- Annual changes were most pronounced in 2022 — FCF Margin jumped 75923 bps — and 2024, when it tumbled 39636 bps.
- Blackstone Secured Lending Fund's FCF Margin stood at 66.88% in 2022, then slumped by 163 bps to 42.05% in 2023, then sank by 509 bps to 256.3% in 2024, then soared by 75 bps to 64.18% in 2025, then jumped by 219 bps to 76.58% in 2026.
- Business Quant data shows BXSL's FCF Margin at 76.58% in Q1 2026, 64.18% in Q4 2025, and 120.65% in Q3 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | FCF Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Brookfield | 1,236.60 Bn | 1,311.20 Bn | 18.56 Bn | - |
| 2 | BlackRock | 161.01 Bn | 148.08 Bn | - | -16.21% |
| 3 | Blackstone | 97.77 Bn | 96.72 Bn | - | 26.47% |
| 4 | Apollo Global Management | 70.80 Bn | 90.38 Bn | -409.00 Mn | 746.54% |
| 5 | State Street | 51.30 Bn | 51.30 Bn | - | -327.00% |
| 6 | Ameriprise Financial | 48.54 Bn | 39.27 Bn | 4.57 Bn | 8.80% |
| 7 | Northern Trust | 32.93 Bn | 32.93 Bn | - | -24.56% |
| 8 | Raymond James Financial | 32.59 Bn | 17.67 Bn | - | 27.31% |
| 9 | Price T Rowe | 24.70 Bn | 21.13 Bn | - | 41.05% |
| 10 | Blackstone Secured Lending Fund | 5.37 Bn | 5.02 Bn | - | 76.58% |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 76.58% |
| Dec 31, 2025 | -64.18% |
| Sep 30, 2025 | -120.65% |
| Jun 30, 2025 | -64.11% |
| Mar 31, 2025 | 118.70% |
| Dec 31, 2024 | -256.30% |
| Sep 30, 2024 | -150.84% |
| Jun 30, 2024 | -216.83% |
| Mar 31, 2024 | -130.13% |
| Dec 31, 2023 | -42.05% |
| Sep 30, 2023 | -31.83% |
| Jun 30, 2023 | 179.53% |
| Mar 31, 2023 | 58.83% |
| Dec 31, 2022 | 66.88% |
| Sep 30, 2022 | 228.83% |
| Jun 30, 2022 | 20.78% |
| Mar 31, 2022 | -11.21% |
| Dec 31, 2021 | -692.35% |