Sixth Street Specialty Lending (TSLX) Net Margin (2023 - 2026)
Sixth Street Specialty Lending recorded quarterly Net Margin of 12.4% in Q1 2026, down 29.13% quarter-over-quarter from 17.5% in Q4 2025, and down 909.0% year-over-year from 1.53% in Q1 2025.
Sixth Street Specialty Lending's Net Margin history runs 4 years deep, the most recent figure standing at 12.4% for Q1 2026.
- In Q1 2026, Net Margin fell 909.0% year-over-year to 12.4%; the TTM figure through Mar 2026 stood at 15.73% (down 2432.0% YoY), while the FY2025 annual figure was 17.91%, down 2768.0% from the prior year.
- Net Margin came in at 12.4% for Q1 2026 at Sixth Street Specialty Lending, down from 17.5% 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 12.4% in Q1 2026.
- A 4-year average of 34.28% and a median of 44.46% in 2024 frame the typical range for Net Margin.
- Across the five-year window, Net Margin soared 238 bps in 2024 and plunged 3032 bps in 2025, its largest moves.
- Sixth Street Specialty Lending's Net Margin stood at 45.75% in 2023, then grew by 2 bps to 46.55% in 2024, then slumped by 62 bps to 17.5% in 2025, then declined by 29 bps to 12.4% in 2026.
- According to Business Quant data, Net Margin over the past three periods registered 12.4%, 17.5%, and 17.63% for Q1 2026, Q4 2025, and Q3 2025 respectively.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Net Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | BlackRock | 158.51 Bn | 148.89 Bn | - | 34.73% |
| 2 | Blackstone | 92.68 Bn | 91.63 Bn | - | 34.77% |
| 3 | Kkr | 84.94 Bn | 132.45 Bn | - | 8.45% |
| 4 | Brookfield Asset Management | 77.34 Bn | 77.68 Bn | - | 46.11% |
| 5 | Apollo Global Management | 76.27 Bn | 95.00 Bn | 5.04 Bn | -38.15% |
| 6 | State Street | 44.42 Bn | 18.75 Bn | - | 18.57% |
| 7 | Ameriprise Financial | 41.68 Bn | 41.55 Bn | 4.57 Bn | 18.73% |
| 8 | Northern Trust | 31.21 Bn | 31.21 Bn | - | 37.97% |
| 9 | Ares Management | 28.85 Bn | 32.22 Bn | - | 8.40% |
| 10 | Sixth Street Specialty Lending | - | - | 92.60 Mn | 12.40% |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 12.40% |
| Dec 31, 2025 | 17.50% |
| Sep 30, 2025 | 17.63% |
| Jun 30, 2025 | 14.95% |
| Mar 31, 2025 | 21.49% |
| 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% |