Blackstone Secured Lending Fund reported a net margin of 22.69% for the quarter ended Jun 2026. These financial ratios cover 20 quarters of results from Sep 2021 through Jun 2026, standardized by Business Quant from the company’s SEC filings.
| Ratios | Sep2021 | Dec2021 | Mar2022 | Jun2022 | Sep2022 | Dec2022 | Mar2023 | Jun2023 | Sep2023 | Dec2023 | Mar2024 | Jun2024 | Sep2024 | Dec2024 | Mar2025 | Jun2025 | Sep2025 | Dec2025 | Mar2026 | Jun2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Profitability | ||||||||||||||||||||
| EBT Margin | 37.92% | 37.30% | 34.37% | 32.18% | 33.86% | 32.21% | 32.11% | 37.99% | 35.40% | 35.62% | 33.71% | 29.87% | 29.61% | 26.71% | 27.95% | 25.35% | 27.61% | 24.59% | 25.45% | 24.07% |
| EBIT Margin | 57.54% | 57.83% | 56.08% | 56.29% | 58.27% | 57.26% | 57.30% | 60.77% | 58.38% | 58.06% | 55.66% | 53.97% | 55.31% | 52.90% | 53.94% | 52.12% | 54.02% | 53.01% | 56.23% | 55.61% |
| EBITDA Margin | 57.54% | 57.83% | 56.08% | 56.29% | 58.27% | 57.26% | 57.30% | 60.77% | 58.38% | 58.06% | 55.66% | 53.97% | 55.31% | 52.90% | 53.94% | 52.12% | 54.02% | 53.01% | 56.23% | 55.61% |
| Operating Margin | 57.54% | 57.83% | 56.08% | 56.29% | 58.27% | 57.26% | 57.30% | 60.77% | 58.38% | 58.06% | 55.66% | 53.97% | 55.31% | 52.90% | 53.94% | 52.12% | 54.02% | 53.01% | 56.23% | 55.61% |
| Net Margin | 36.59% | 37.04% | 33.61% | 32.18% | 33.86% | 32.21% | 31.12% | 36.27% | 33.64% | 34.24% | 32.60% | 28.82% | 28.47% | 25.62% | 26.77% | 24.25% | 26.43% | 23.50% | 24.19% | 22.69% |
| FCF Margin | -723.14% | -10.33% | 19.43% | 215.16% | 66.88% | 58.83% | 179.53% | -31.83% | -42.05% | -130.13% | -216.83% | -150.84% | -256.30% | 118.70% | -64.11% | -120.65% | -64.18% | 76.58% | 175.04% | |
| Efficiency | ||||||||||||||||||||
| Assets AverageAssets Avg. | 9.92B | 9.88B | 9.71B | 9.69B | 9.97B | 10.42B | 11.24B | 12.07B | 12.92B | 13.72B | 13.84B | 13.98B | 14.46B | 14.55B | 14.11B | |||||
| Invested CapitalInvested Cap. | 9.95B | 9.68B | 9.69B | 9.64B | 9.33B | 9.56B | 9.86B | 10.43B | 11.48B | 12.09B | 13.13B | 13.62B | 13.38B | 13.93B | 14.33B | 14.13B | 13.47B | |||
| Asset Utilization RatioAsset Util. | 0.09 | 0.09 | 0.11 | 0.11 | 0.11 | 0.11 | 0.11 | 0.11 | 0.10 | 0.10 | 0.10 | 0.10 | 0.10 | 0.10 | 0.10 | |||||
| Leverage & Solvency | ||||||||||||||||||||
| Interest Coverage RatioInterest Cover | 2.93 | 2.82 | 2.58 | 2.33 | 2.39 | 2.29 | 2.27 | 2.67 | 2.54 | 2.59 | 2.54 | 2.24 | 2.15 | 2.02 | 2.08 | 1.95 | 2.05 | 1.87 | 1.83 | 1.76 |
| Debt Ratio | 0.54 | 0.56 | 0.56 | 0.55 | 0.52 | 0.51 | 0.48 | 0.49 | 0.52 | 0.52 | 0.52 | 0.53 | 0.52 | 0.54 | 0.55 | 0.56 | 0.55 | |||
| Times Interest Earned | 2.93 | 2.82 | 2.58 | 2.33 | 2.39 | 2.29 | 2.27 | 2.67 | 2.54 | 2.59 | 2.54 | 2.24 | 2.15 | 2.02 | 2.08 | 1.95 | 2.05 | 1.87 | 1.83 | 1.76 |
| Dividends & Payouts | ||||||||||||||||||||
| Dividend Coverage RatioDiv. Cover | 1.11 | 0.80 | 0.52 | 0.69 | 0.69 | 0.90 | 0.98 | 0.86 | 0.81 | 0.72 | 0.66 | 0.66 | 0.58 | 0.58 | 0.49 | 0.55 | 0.49 | 0.46 | 0.43 | |
| FCF Payout RatioFCF Cover | -0.05 | -4.08 | 3.19 | 0.23 | 0.70 | 0.59 | 0.21 | -1.23 | -1.00 | -0.35 | -0.20 | -0.29 | -0.17 | 0.39 | -0.77 | -0.40 | -0.74 | 0.68 | 0.30 | |
| Dividend YieldDiv. Yield | 1.11% | 1.65% | 2.91% | 3.04% | 3.28% | 2.29% | 2.36% | 2.34% | 2.49% | 2.30% | 2.35% | 2.41% | 2.17% | 2.25% | 2.40% | 2.85% | 2.80% | 3.10% | 3.08% | |
| Payout Ratio | 0.90 | 1.25 | 1.92 | 1.45 | 1.46 | 1.11 | 1.02 | 1.16 | 1.23 | 1.39 | 1.51 | 1.51 | 1.72 | 1.73 | 2.03 | 1.81 | 2.03 | 2.17 | 2.34 | |
| Valuation | ||||||||||||||||||||
| Price to EarningsP/E | 80.92 | 75.83 | 66.09 | 47.92 | 44.35 | 48.55 | 42.97 | 49.68 | 49.30 | 60.33 | 64.45 | 62.66 | 79.34 | 76.96 | 84.60 | 63.52 | 72.64 | 69.89 | 75.86 | |
| Price to SalesP/S | 29.97 | 25.49 | 21.27 | 16.23 | 14.28 | 15.11 | 15.59 | 16.71 | 16.88 | 19.66 | 18.57 | 17.84 | 20.33 | 20.61 | 20.52 | 16.79 | 17.07 | 16.91 | 17.21 | |
| Price to BookP/B | 1.29 | 1.07 | 0.91 | 0.88 | 0.86 | 0.96 | 1.04 | 1.03 | 1.04 | 1.16 | 1.13 | 1.07 | 1.18 | 1.18 | 1.12 | 0.96 | 0.98 | 0.90 | 0.93 | |
| Enterprise Value | 5.65B | 4.73B | 3.98B | 3.55B | 3.45B | 3.90B | 4.38B | 4.60B | 4.98B | 5.83B | 5.78B | 5.93B | 6.94B | 6.41B | 6.80B | 5.77B | 5.82B | 5.15B | 5.25B | |
| EV to EBIT | 50.90 | 45.45 | 37.78 | 26.85 | 24.03 | 25.69 | 24.81 | 27.75 | 28.19 | 34.45 | 32.76 | 31.23 | 37.20 | 33.20 | 37.84 | 29.79 | 30.67 | 28.15 | 29.46 | |
| EV to EBITDA | 50.90 | 45.45 | 37.78 | 26.85 | 24.03 | 25.69 | 24.81 | 27.75 | 28.19 | 34.45 | 32.76 | 31.23 | 37.20 | 33.20 | 37.84 | 29.79 | 30.67 | 28.15 | 29.46 | |
| Market Capitalization | 5.76B | 4.73B | 3.98B | 3.68B | 3.58B | 4.00B | 4.53B | 4.75B | 5.14B | 5.98B | 6.07B | 6.12B | 7.17B | 7.37B | 7.07B | 6.02B | 6.11B | 5.50B | 5.52B | |
| Price to FCFP/FCF | -4.14 | -246.78 | 109.47 | 7.54 | 21.36 | 25.68 | 8.68 | -52.50 | -40.13 | -15.11 | -8.57 | -11.83 | -7.93 | 17.36 | -32.00 | -13.92 | -26.59 | 22.08 | 9.83 | |
| EV to FCF | -4.07 | -246.78 | 109.47 | 7.27 | 20.58 | 25.02 | 8.40 | -50.89 | -38.92 | -14.74 | -8.15 | -11.45 | -7.68 | 15.09 | -30.76 | -13.34 | -25.33 | 20.67 | 9.36 | |
| EV to CFO | -4.07 | -246.78 | 109.47 | 7.27 | 20.58 | 25.02 | 8.40 | -50.89 | -38.92 | -14.74 | -8.15 | -11.45 | -7.68 | 15.09 | -30.76 | -13.34 | -25.33 | 20.67 | 9.36 | |
| Return Ratios | ||||||||||||||||||||
| Return on Sales [ROS]ROS | 57.54% | 57.83% | 56.08% | 56.29% | 58.27% | 57.26% | 57.30% | 60.77% | 58.38% | 58.06% | 55.66% | 53.97% | 55.31% | 52.90% | 53.94% | 52.12% | 54.02% | 53.01% | 56.23% | 55.61% |
| Return on Invested Capital [ROIC]ROIC | 4.99% | 5.47% | 6.23% | 6.52% | 6.62% | 6.50% | 6.04% | 5.82% | 5.52% | 5.36% | 5.32% | 5.28% | 5.12% | 5.01% | 5.14% | |||||
| Return on Assets [ROA]ROA | 2.83% | 3.04% | 3.56% | 3.76% | 3.89% | 3.88% | 3.50% | 3.27% | 2.95% | 2.76% | 2.66% | 2.61% | 2.48% | 2.35% | 2.34% |