KPIs & Operating Metrics(New)
Growth Metrics

Sixth Street Specialty Lending (TSLX) FCF Margin (2023 - 2026)

Sixth Street Specialty Lending recorded quarterly FCF Margin of 25.01% in Q1 2026, down 136.53% quarter-over-quarter from 68.45% in Q4 2025, and down 15386.0% year-over-year from N/an in Q1 2025.

Sixth Street Specialty Lending's FCF Margin history runs 4 years deep, the most recent figure standing at 25.01% for Q1 2026.

  • In Q1 2026, FCF Margin fell 15386.0% year-over-year to 25.01%; the TTM figure through Mar 2026 stood at 53.58% (up 1825.0% YoY), while the FY2025 annual figure was 89.43%, up 9885.0% from the prior year.
  • FCF Margin came in at 25.01% for Q1 2026 at Sixth Street Specialty Lending, down from 68.45% in the prior quarter.
  • In the past five years, FCF Margin ranged from a high of 167.98% in Q2 2025 to a low of 105.09% in Q2 2023.
  • A 4-year average of 4.92% and a median of 24.84% in 2024 frame the typical range for FCF Margin.
  • Across the five-year window, FCF Margin jumped 20792 bps in 2024 and plunged 15386 bps in 2026, its largest moves.
  • Sixth Street Specialty Lending's FCF Margin stood at 72.67% in 2023, then soared by 66 bps to 24.84% in 2024, then soared by 376 bps to 68.45% in 2025, then slumped by 137 bps to 25.01% in 2026.
  • According to Business Quant data, FCF Margin over the past three periods registered 25.01%, 68.45%, and 14.28% for Q1 2026, Q4 2025, and Q3 2025 respectively.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) FCF Margin (Qtr)
1 BlackRock 158.51 Bn 148.89 Bn - -16.21%
2 Blackstone 92.68 Bn 91.63 Bn - 26.47%
3 Kkr 84.94 Bn 132.45 Bn - 39.82%
4 Brookfield Asset Management 77.34 Bn 77.68 Bn - 24.81%
5 Apollo Global Management 76.27 Bn 95.00 Bn 5.04 Bn 32.02%
6 State Street 44.42 Bn 18.75 Bn - -327.00%
7 Ameriprise Financial 41.68 Bn 41.55 Bn 4.57 Bn 8.80%
8 Northern Trust 31.21 Bn 31.21 Bn - -24.56%
9 Ares Management 28.85 Bn 32.22 Bn - 27.99%
10 Sixth Street Specialty Lending - - 92.60 Mn -25.01%

Historic Data

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DateValue
Mar 31, 2026 -25.01%
Dec 31, 2025 68.45%
Sep 30, 2025 -14.28%
Jun 30, 2025 167.98%
Mar 31, 2025 128.85%
Dec 31, 2024 -24.84%
Sep 30, 2024 -62.48%
Jun 30, 2024 102.83%
Mar 31, 2024 -55.64%
Dec 31, 2023 -72.67%
Sep 30, 2023 32.04%
Jun 30, 2023 -105.09%
Mar 31, 2023 -76.17%