Blackstone Secured Lending Fund (BXSL) Price to FCF (2021 - 2026)
Blackstone Secured Lending Fund's (BXSL) quarterly Price to FCF came in at 9.83 in Q2 2026, up 130.73% on a YoY basis from 4.26 in Q2 2025, and down 55.46% quarter-over-quarter from 22.08 in Q1 2026.
Analysis
Blackstone Secured Lending Fund (BXSL) Price to FCF (2021 - 2026) Analysis & Trends
Blackstone Secured Lending Fund (BXSL) has reported Price to FCF for 6 consecutive years, with 9.83 the latest figure, recorded in Q2 2026.
- For the quarter ending Q2 2026, Price to FCF rose 130.73% year-over-year to 9.83; the trailing twelve-month figure through Jun 2026 stood at 37.28 (up 741.89% YoY), and the FY2025 full-year result was 13.32, down 369.24% from the prior year.
- Price to FCF slipped to 9.83 in Q2 2026 per BXSL's latest filing, from 22.08 in the prior quarter.
- Across five years, Price to FCF topped out at 109.47 in Q2 2022 and bottomed at 246.78 in Q1 2022.
- Historically, Price to FCF has averaged 12.96 across 5 years, with a median of 8.25 in 2024.
- The sharpest annual moves came in 2022 and 2023: Price to FCF surged 615.28% in 2022, then tumbled 796.23% in 2023.
- Over 5 years, Price to FCF stood at 21.36 in 2022, then slumped by 287.92% to 40.13 in 2023, then soared by 80.24% to 7.93 in 2024, then sank by 235.29% to 26.59 in 2025, then soared by 136.98% to 9.83 in 2026.
- According to Business Quant data, Price to FCF over the past three periods registered 9.83, 22.08, and 26.59 for Q2 2026, Q1 2026, and Q4 2025 respectively.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | Ares Capital | 14.12 Bn | 13.73 Bn | - |
| 2 | Blackstone Secured Lending Fund | 5.69 Bn | 5.42 Bn | - |
| 3 | Blue Owl Capital | 5.52 Bn | 5.28 Bn | - |
| 4 | Main Street Capital | 5.26 Bn | 5.20 Bn | - |
| 5 | Blue Owl Technology Finance | 5.05 Bn | 4.84 Bn | - |
| 6 | Hercules Capital | 4.64 Bn | 4.59 Bn | - |
| 7 | FS KKR Capital | 3.37 Bn | 3.27 Bn | - |
| 8 | Golub Capital Bdc | 3.34 Bn | 3.30 Bn | - |
| 9 | PennantPark Floating Rate Capital | 2.48 Bn | -129.09 Mn | - |
| 10 | MidCap Financial Investment | 2.07 Bn | 2.03 Bn | - |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 9.83 |
| Mar 31, 2026 | 22.08 |
| Dec 31, 2025 | -26.59 |
| Sep 30, 2025 | -13.92 |
| Jun 30, 2025 | -32.00 |
| Mar 31, 2025 | 17.36 |
| Dec 31, 2024 | -7.93 |
| Sep 30, 2024 | -11.83 |
| Jun 30, 2024 | -8.57 |
| Mar 31, 2024 | -15.11 |
| Dec 31, 2023 | -40.13 |
| Sep 30, 2023 | -52.50 |
| Jun 30, 2023 | 8.68 |
| Mar 31, 2023 | 25.68 |
| Dec 31, 2022 | 21.36 |
| Sep 30, 2022 | 7.54 |
| Jun 30, 2022 | 109.47 |
| Mar 31, 2022 | -246.78 |
| Dec 31, 2021 | -4.14 |