Blackstone Secured Lending Fund (BXSL) Price to Sales (2021 - 2026)
Blackstone Secured Lending Fund's (BXSL) quarterly Price to Sales came in at 17.21 in Q2 2026, down 16.1% on a YoY basis from 20.52 in Q2 2025, and up 1.81% quarter-over-quarter from 16.91 in Q1 2026.
Analysis
Blackstone Secured Lending Fund (BXSL) Price to Sales (2021 - 2026) Analysis & Trends
Blackstone Secured Lending Fund (BXSL) has reported Price to Sales for 6 consecutive years, with 17.21 the latest figure, recorded in Q2 2026.
- For the quarter ending Q2 2026, Price to Sales fell 16.1% year-over-year to 17.21; the trailing twelve-month figure through Jun 2026 stood at 4.05 (down 19.96% YoY), and the FY2025 full-year result was 4.3, down 20.33% from the prior year.
- Price to Sales rose to 17.21 in Q2 2026 per BXSL's latest filing, from 16.91 in the prior quarter.
- Across five years, Price to Sales topped out at 25.49 in Q1 2022 and bottomed at 14.28 in Q4 2022.
- Historically, Price to Sales has averaged 18.17 across 5 years, with a median of 17.14 in 2025.
- The sharpest annual moves came in 2022 and 2024: Price to Sales slumped 52.34% in 2022, then surged 30.14% in 2024.
- Over 5 years, Price to Sales stood at 14.28 in 2022, then gained by 18.15% to 16.88 in 2023, then increased by 20.45% to 20.33 in 2024, then declined by 16.04% to 17.07 in 2025, then gained by 0.84% to 17.21 in 2026.
- According to Business Quant data, Price to Sales over the past three periods registered 17.21, 16.91, and 17.07 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 | 17.21 |
| Mar 31, 2026 | 16.91 |
| Dec 31, 2025 | 17.07 |
| Sep 30, 2025 | 16.79 |
| Jun 30, 2025 | 20.52 |
| Mar 31, 2025 | 20.61 |
| Dec 31, 2024 | 20.33 |
| Sep 30, 2024 | 17.84 |
| Jun 30, 2024 | 18.57 |
| Mar 31, 2024 | 19.66 |
| Dec 31, 2023 | 16.88 |
| Sep 30, 2023 | 16.71 |
| Jun 30, 2023 | 15.59 |
| Mar 31, 2023 | 15.11 |
| Dec 31, 2022 | 14.28 |
| Sep 30, 2022 | 16.23 |
| Jun 30, 2022 | 21.27 |
| Mar 31, 2022 | 25.49 |
| Dec 31, 2021 | 29.97 |