Sixth Street Specialty Lending (TSLX) FCF Payout Ratio (2021 - 2026)

Sixth Street Specialty Lending's (TSLX) quarterly FCF Payout Ratio came in at 1.67 in Q1 2026, down 679.87% year-on-year from 0.29 in Q1 2025, and down 395.15% quarter-over-quarter from 0.57 in Q4 2025.

Sixth Street Specialty Lending (TSLX) FCF Payout Ratio (2021 - 2026) Analysis & Trends

Sixth Street Specialty Lending has disclosed FCF Payout Ratio across 6 years of filings, most recently posting 1.67 for Q1 2026.

  • FCF Payout Ratio for Q1 2026 came in at 1.67, down 679.87% year-over-year; the trailing twelve-month figure through Mar 2026 was 0.76 (down 28.88% YoY), and the FY2025 annual result was 0.42, up 111.44% from the prior year.
  • FCF Payout Ratio came in at 1.67 for Q1 2026 at Sixth Street Specialty Lending, down from 0.57 in the prior quarter.
  • In the past five years, FCF Payout Ratio ranged from a high of 1.24 in Q3 2023 to a low of 2.72 in Q3 2025.
  • The 5-year median for FCF Payout Ratio is 0.3 (2022), against an average of 0.31.
  • Across the five-year window, FCF Payout Ratio surged 987.93% in 2023 and slumped 679.87% in 2026, its largest moves.
  • Sixth Street Specialty Lending's FCF Payout Ratio stood at 0.54 in 2022, then sank by 185.81% to 0.47 in 2023, then slumped by 182.97% to 1.32 in 2024, then jumped by 142.8% to 0.57 in 2025, then slumped by 395.15% to 1.67 in 2026.
  • The last three FCF Payout Ratio figures came in at 1.67 (Q1 2026), 0.57 (Q4 2025), and 2.72 (Q3 2025), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) FCF Cover (Qtr)
1 BlackRock 163.18 Bn 153.56 Bn - -
2 Blackstone 96.85 Bn 95.80 Bn - 0.37
3 Kkr 86.45 Bn 133.96 Bn - 0.10
4 Apollo Global Management 82.30 Bn 101.04 Bn 5.04 Bn 0.18
5 State Street 46.95 Bn 21.27 Bn - -0.02
6 Ameriprise Financial 43.65 Bn 43.52 Bn 4.57 Bn 0.34
7 Northern Trust 31.92 Bn 31.92 Bn - -0.45
8 Raymond James Financial 30.62 Bn 19.37 Bn - 0.10
9 Ares Management 29.04 Bn 32.41 Bn - 0.21
10 Sixth Street Specialty Lending - - 92.60 Mn -1.67

Historic Data

Download Data
DateValue
Mar 31, 2026 -1.67
Dec 31, 2025 0.57
Sep 30, 2025 -2.72
Jun 30, 2025 0.25
Mar 31, 2025 0.29
Dec 31, 2024 -1.32
Sep 30, 2024 -0.65
Jun 30, 2024 0.38
Mar 31, 2024 -0.75
Dec 31, 2023 -0.47
Sep 30, 2023 1.24
Jun 30, 2023 -0.38
Mar 31, 2023 -0.61
Dec 31, 2022 0.54
Sep 30, 2022 -0.14
Jun 30, 2022 -0.30
Mar 31, 2022 0.49
Dec 31, 2021 -1.34