KPIs & Operating Metrics(New)
Growth Metrics

Sixth Street Specialty Lending (TSLX) Free Cash Flow (2021 - 2026)

Sixth Street Specialty Lending recorded quarterly Free Cash Flow of -$23.4 million in Q1 2026, down 131.52% quarter-over-quarter from $74.1 million in Q4 2025, and down 115.58% year-over-year from $149.9 million in Q1 2025.

Sixth Street Specialty Lending's Free Cash Flow history runs 6 years deep, the most recent figure standing at -$23.4 million for Q1 2026.

  • In Q1 2026, Free Cash Flow fell 115.58% year-over-year to -$23.4 million; the TTM figure through Mar 2026 stood at $228.3 million (up 34.32% YoY), while the FY2025 annual figure was $401.6 million, up 982.76% from the prior year.
  • Free Cash Flow came in at -$23.4 million for Q1 2026 at Sixth Street Specialty Lending, down from $74.1 million in the prior quarter.
  • In the past five years, Free Cash Flow ranged from a high of $193.2 million in Q2 2025 to a low of -$244.1 million in Q3 2022.
  • A 5-year average of -$7.6 million and a median of -$23.4 million in 2026 frame the typical range for Free Cash Flow.
  • Across the five-year window, Free Cash Flow slumped 303.2% in 2024 and soared 341.14% in 2025, its largest moves.
  • Sixth Street Specialty Lending's Free Cash Flow stood at $54.3 million in 2022, then slumped by 260.01% to -$86.9 million in 2023, then soared by 64.63% to -$30.7 million in 2024, then jumped by 341.14% to $74.1 million in 2025, then plunged by 131.52% to -$23.4 million in 2026.
  • According to Business Quant data, Free Cash Flow over the past three periods registered -$23.4 million, $74.1 million, and -$15.6 million for Q1 2026, Q4 2025, and Q3 2025 respectively.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Free Cash Flow (Qtr)
1 BlackRock 158.51 Bn 148.89 Bn - -1.09 Bn
2 Blackstone 92.68 Bn 91.63 Bn - 957.64 Mn
3 Kkr 84.94 Bn 132.45 Bn - 1.72 Bn
4 Brookfield Asset Management 77.34 Bn 77.68 Bn - 332.00 Mn
5 Apollo Global Management 76.27 Bn 95.00 Bn 5.04 Bn 1.62 Bn
6 State Street 44.42 Bn 18.75 Bn - -12.41 Bn
7 Ameriprise Financial 41.68 Bn 41.55 Bn 4.57 Bn 430.00 Mn
8 Northern Trust 31.21 Bn 31.21 Bn - -329.40 Mn
9 Ares Management 28.85 Bn 32.22 Bn - 390.87 Mn
10 Sixth Street Specialty Lending - - 92.60 Mn -23.35 Mn

Historic Data

Download Data 🔒
DateValue
Mar 31, 2026 -23.35 Mn
Mar 31, 2026 -23.35 Mn
Dec 31, 2025 74.09 Mn
Dec 31, 2025 74.09 Mn
Sep 30, 2025 -15.63 Mn
Sep 30, 2025 -15.63 Mn
Jun 30, 2025 193.20 Mn
Jun 30, 2025 193.20 Mn
Mar 31, 2025 149.92 Mn
Mar 31, 2025 149.92 Mn
Dec 31, 2024 -30.73 Mn
Dec 31, 2024 -30.73 Mn
Sep 30, 2024 -74.50 Mn
Sep 30, 2024 -74.50 Mn
Jun 30, 2024 125.27 Mn
Jun 30, 2024 125.27 Mn
Mar 31, 2024 -65.54 Mn
Mar 31, 2024 -65.54 Mn
Dec 31, 2023 -86.87 Mn
Dec 31, 2023 -86.87 Mn
Sep 30, 2023 36.66 Mn
Sep 30, 2023 36.66 Mn
Jun 30, 2023 -113.08 Mn
Jun 30, 2023 -113.08 Mn
Mar 31, 2023 -73.50 Mn
Mar 31, 2023 -73.50 Mn
Dec 31, 2022 54.29 Mn
Dec 31, 2022 54.29 Mn
Sep 30, 2022 -244.10 Mn
Sep 30, 2022 -244.10 Mn
Jun 30, 2022 -115.88 Mn
Jun 30, 2022 -115.88 Mn
Mar 31, 2022 81.15 Mn
Mar 31, 2022 81.15 Mn
Dec 31, 2021 -73.46 Mn
Dec 31, 2021 -73.46 Mn