Oaktree Specialty Lending (OCSL) FCF Margin (2021 - 2026)
Oaktree Specialty Lending's (OCSL) quarterly FCF Margin came in at 82.9% in Q2 2026, down 1190.0% year-over-year from 7.61% in Q2 2025, and down 55.35% quarter-over-quarter from 185.67% in Q1 2026.
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Oaktree Specialty Lending (OCSL) FCF Margin (2021 - 2026) Analysis & Trends
Oaktree Specialty Lending has disclosed FCF Margin across 6 years of filings, most recently posting 82.9% for Q2 2026.
- In Q2 2026, FCF Margin fell 1190.0% year-over-year to 82.9%; the TTM figure through Jun 2026 stood at 73.03% (up 864.0% YoY), while the FY2025 annual figure was 72.09%, up 6709.0% from the prior year.
- FCF Margin came in at 82.9% for Q2 2026 at Oaktree Specialty Lending, down from 185.67% in the prior quarter.
- In the past five years, FCF Margin ranged from a high of 185.67% in Q1 2026 to a low of 141.1% in Q1 2022.
- Average FCF Margin over 5 years is 16.12%, with a median of 2.13% recorded in 2023.
- Year-over-year, FCF Margin surged 16499 bps in 2024 and sank 27727 bps in 2025.
- Over 5 years, FCF Margin stood at 138.8% in 2022, then jumped by 101 bps to 1.15% in 2023, then jumped by 14370 bps to 166.14% in 2024, then plunged by 167 bps to 111.13% in 2025, then surged by 175 bps to 82.9% in 2026.
- Per Business Quant data, the three most recent FCF Margin figures were 82.9% in Q2 2026, 185.67% in Q1 2026, and 111.13% in Q4 2025.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | FCF Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Ares Capital | 14.39 Bn | 14.01 Bn | - | 43.75% |
| 2 | Blackstone Secured Lending Fund | 5.76 Bn | 5.49 Bn | - | 175.04% |
| 3 | Blue Owl Capital | 5.62 Bn | 5.38 Bn | - | 136.37% |
| 4 | Main Street Capital | 5.39 Bn | 5.33 Bn | - | 77.93% |
| 5 | Blue Owl Technology Finance | 5.20 Bn | 4.99 Bn | - | -93.69% |
| 6 | Hercules Capital | 4.68 Bn | 4.64 Bn | - | 199.79% |
| 7 | FS KKR Capital | 3.48 Bn | 3.37 Bn | - | 267.59% |
| 8 | Golub Capital Bdc | 3.38 Bn | 3.34 Bn | - | 102.67% |
| 9 | PennantPark Floating Rate Capital | 2.47 Bn | -134.94 Mn | - | 156.24% |
| 10 | Oaktree Specialty Lending | 1.15 Bn | 1.11 Bn | - | 82.90% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 82.90% |
| Mar 31, 2026 | 185.67% |
| Dec 31, 2025 | -111.13% |
| Jun 30, 2025 | 94.80% |
| Mar 31, 2025 | 125.42% |
| Dec 31, 2024 | 166.14% |
| Jun 30, 2024 | -26.63% |
| Mar 31, 2024 | -8.59% |
| Dec 31, 2023 | 1.15% |
| Jun 30, 2023 | -5.41% |
| Mar 31, 2023 | -36.31% |
| Dec 31, 2022 | -138.80% |
| Jun 30, 2022 | 37.54% |
| Mar 31, 2022 | -141.10% |
| Dec 31, 2021 | 35.70% |