Sixth Street Specialty Lending (TSLX) Net Margin (2023 - 2026)
Sixth Street Specialty Lending (TSLX) reported Net Margin of 4.28% for Q1 2026, down 1388.0% on a YoY basis from 0.33% in Q1 2025, and down 11.47% sequentially from 3.84% in Q4 2025.
Sixth Street Specialty Lending (TSLX) Net Margin (2023 - 2026) Analysis & Trends
Sixth Street Specialty Lending (TSLX) has 4 years of Net Margin data on file, last reported at 4.28% in Q1 2026.
- For the quarter ending Q1 2026, Net Margin fell 1388.0% year-over-year to 4.28%; the trailing twelve-month figure through Mar 2026 stood at 6.02% (down 3115.0% YoY), and the FY2025 full-year result was 16.73%, down 2887.0% from the prior year.
- Net Margin eased to 4.28% in Q1 2026, from 3.84% in the prior quarter.
- In the past five years, Net Margin ranged from a high of 46.55% in Q4 2024 to a low of 4.28% in Q1 2026.
- A 4-year average of 30.25% and a median of 44.46% in 2024 frame the typical range for Net Margin.
- Across the five-year window, Net Margin surged 238 bps in 2024 and plunged 5039 bps in 2025, its largest moves.
- Tracing TSLX's Net Margin over 4 years: stood at 45.75% in 2023, then advanced by 2 bps to 46.55% in 2024, then sank by 108 bps to 3.84% in 2025, then declined by 11 bps to 4.28% in 2026.
- Business Quant data shows TSLX's Net Margin at 4.28% in Q1 2026, 3.84% in Q4 2025, and 16.37% in Q3 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Net Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Brookfield | 1,236.60 Bn | 1,311.20 Bn | 18.56 Bn | 0.55% |
| 2 | BlackRock | 161.01 Bn | 148.08 Bn | - | 32.99% |
| 3 | Blackstone | 97.77 Bn | 96.72 Bn | - | 34.77% |
| 4 | Apollo Global Management | 70.80 Bn | 90.38 Bn | -409.00 Mn | -889.40% |
| 5 | State Street | 51.30 Bn | 51.30 Bn | - | 18.57% |
| 6 | Ameriprise Financial | 48.54 Bn | 39.27 Bn | 4.57 Bn | 18.73% |
| 7 | Northern Trust | 32.93 Bn | 32.93 Bn | - | 37.97% |
| 8 | Raymond James Financial | 32.59 Bn | 17.67 Bn | - | 14.05% |
| 9 | Price T Rowe | 24.70 Bn | 21.13 Bn | - | 26.07% |
| 10 | Sixth Street Specialty Lending | 1.26 Bn | 1.24 Bn | 92.60 Mn | -4.28% |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | -4.28% |
| Dec 31, 2025 | -3.84% |
| Sep 30, 2025 | 16.37% |
| Jun 30, 2025 | 13.83% |
| Mar 31, 2025 | 9.60% |
| Dec 31, 2024 | 46.55% |
| Sep 30, 2024 | 46.07% |
| Jun 30, 2024 | 45.27% |
| Mar 31, 2024 | 44.46% |
| Dec 31, 2023 | 45.75% |
| Sep 30, 2023 | 43.69% |
| Jun 30, 2023 | 45.34% |
| Mar 31, 2023 | 44.49% |