Sixth Street Specialty Lending (TSLX) Net Margin (2023 - 2026)
Sixth Street Specialty Lending (TSLX) posted Net Margin of 4.28% for Q1 2026, down 117.42% sequentially from 24.58% in Q4 2025, and down 1388.0% YoY from 0.33% in Q1 2025.
Sixth Street Specialty Lending (TSLX) Net Margin (2023 - 2026) Analysis & Trends
Sixth Street Specialty Lending has reported Net Margin for 4 years, with the latest figure at 4.28% in Q1 2026.
- Quarterly Net Margin fell 1388.0% year-over-year to 4.28% in Q1 2026, while the trailing twelve-month figure through Mar 2026 was 13.24% (down 2393.0% YoY) and the FY2025 annual result came in at 16.73%, down 2887.0% from the prior year.
- Net Margin eased to 4.28% in Q1 2026 per TSLX's latest filing, from 24.58% in the prior quarter.
- Over five years, Net Margin peaked at 46.55% in Q4 2024 and troughed at 4.28% in Q1 2026.
- A 4-year average of 32.44% and a median of 44.46% in 2024 frame the typical range for Net Margin.
- The sharpest annual moves came in 2024 and 2025: Net Margin jumped 238 bps in 2024, then sank 3486 bps in 2025.
- Over 4 years, Net Margin stood at 45.75% in 2023, then increased by 2 bps to 46.55% in 2024, then plunged by 47 bps to 24.58% in 2025, then slumped by 117 bps to 4.28% in 2026.
- According to Business Quant data, Net Margin over the past three periods registered 4.28%, 24.58%, and 16.37% for Q1 2026, Q4 2025, and Q3 2025 respectively.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Net Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | BlackRock | 179.54 Bn | 165.67 Bn | - | 27.15% |
| 2 | Blackstone | 114.83 Bn | 112.32 Bn | - | 46.71% |
| 3 | Kkr | 97.26 Bn | -179.81 Bn | - | 11.53% |
| 4 | Brookfield | 93.07 Bn | 45.66 Bn | - | 1.88% |
| 5 | Brookfield Asset Management | 83.46 Bn | 81.96 Bn | - | 51.57% |
| 6 | Apollo Global Management | 78.41 Bn | 53.04 Bn | 10.54 Bn | 11.98% |
| 7 | State Street | 51.66 Bn | 51.66 Bn | - | 25.35% |
| 8 | Ameriprise Financial | 51.12 Bn | 40.07 Bn | 4.72 Bn | 22.20% |
| 9 | Raymond James Financial | 33.99 Bn | 20.74 Bn | - | 13.64% |
| 10 | Sixth Street Specialty Lending | 1.79 Bn | 1.59 Bn | 97.48 Mn | 11.04% |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 11.04% |
| Mar 31, 2026 | -4.28% |
| Dec 31, 2025 | 24.58% |
| 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% |