Sixth Street Specialty Lending (TSLX) FCF Margin (2023 - 2026)
Sixth Street Specialty Lending's (TSLX) quarterly FCF Margin came in at 25.01% in Q1 2026, down 15386.0% year-on-year from N/an in Q1 2025, and down 136.53% quarter-over-quarter from 68.45% in Q4 2025.
Sixth Street Specialty Lending (TSLX) FCF Margin (2023 - 2026) Analysis & Trends
Sixth Street Specialty Lending has disclosed FCF Margin across 4 years of filings, most recently posting 25.01% for Q1 2026.
- FCF Margin for Q1 2026 came in at 25.01%, down 15386.0% year-over-year; the trailing twelve-month figure through Mar 2026 was 53.58% (up 1825.0% YoY), and the FY2025 annual result 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.
- The 4-year median for FCF Margin is 24.84% (2024), against an average of 4.92%.
- Across the five-year window, FCF Margin soared 20792 bps in 2024 and sank 15386 bps in 2026, its largest moves.
- Sixth Street Specialty Lending's FCF Margin stood at 72.67% in 2023, then surged by 66 bps to 24.84% in 2024, then surged by 376 bps to 68.45% in 2025, then tumbled by 137 bps to 25.01% in 2026.
- The last three FCF Margin figures came in at 25.01% (Q1 2026), 68.45% (Q4 2025), and 14.28% (Q3 2025), per Business Quant data.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | FCF Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | BlackRock | 163.18 Bn | 153.56 Bn | - | -16.21% |
| 2 | Blackstone | 96.85 Bn | 95.80 Bn | - | 26.47% |
| 3 | Kkr | 86.45 Bn | 133.96 Bn | - | 39.82% |
| 4 | Apollo Global Management | 82.30 Bn | 101.04 Bn | 5.04 Bn | 32.02% |
| 5 | State Street | 46.95 Bn | 21.27 Bn | - | -327.00% |
| 6 | Ameriprise Financial | 43.65 Bn | 43.52 Bn | 4.57 Bn | 8.80% |
| 7 | Northern Trust | 31.92 Bn | 31.92 Bn | - | -24.56% |
| 8 | Raymond James Financial | 30.62 Bn | 19.37 Bn | - | 24.73% |
| 9 | Ares Management | 29.04 Bn | 32.41 Bn | - | 27.99% |
| 10 | Sixth Street Specialty Lending | - | - | 92.60 Mn | -25.01% |
Historic Data
Download Data| Date | Value |
|---|---|
| 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% |