Sixth Street Specialty Lending, Inc. financial statements
Income statement, balance sheet and cash flow statement for the last 6 fiscal years, taken from the XBRL data Sixth Street Specialty Lending, Inc. files with the SEC in its annual reports.
In USD millions, except per-share amounts. Outflows in the cash flow statement are negative.
Income statement
FY2020
FY2022
FY2022
FY2023
FY2024
FY2025
Operating expenses
117
136
141
240
260
Interest expense
39.4
38.8
63
134
105
101
Other non-operating income
270
279
309
438
483
Pre-tax income
153
143
169
199
224
Income tax
5.76
0.38
2.62
2.37
3.94
Net income
178
212
108
222
187
171
EPS, basic
2.65
2.93
1.38
2.61
2.03
1.81
EPS, diluted
2.65
2.79
1.38
2.61
2.03
1.81
Shares, basic (weighted)
67.2
72.2
78.2
85.1
92
94.1
Shares, diluted (weighted)
67.2
77.7
78.2
85.1
92
94.1
Balance sheet
FY2020
FY2022
FY2022
FY2023
FY2024
FY2025
Cash and equivalents
16
25.6
25.2
27.3
19.7
Total assets
2,552
2,837
3,344
3,582
3,422
Total liabilities
1,276
1,495
1,847
1,975
1,814
Total debt
1,186
1,442
1,780
1,901
1,743
Paid-in capital
1,189
1,295
1,405
1,519
1,536
Retained earnings
90.1
56.5
101
97.7
81.6
Treasury stock
-4.29
-10.5
-10.5
-10.5
-10.5
Shareholders' equity
1,161
1,276
1,342
1,496
1,608
1,608
Total equity
1,161
1,276
1,342
1,496
1,608
1,608
Total liabilities and equity
2,552
2,837
3,344
3,582
3,422
Shares outstanding
75.8
81.4
87.8
93.7
94.7
Cash flow statement
FY2020
FY2022
FY2022
FY2023
FY2024
FY2025
Net income
178
212
108
222
187
171
Deferred income tax
0.6
-0.6
2.6
-0.5
Cash from operations
145
2.45
-225
-237
-45.5
402
Stock issued
85.9
89.2
93.3
0
Share buybacks
-2.93
-6.17
Dividends paid
-130
-222
-145
-156
-169
-170
Cash from financing
-146
0.24
234
236
47.6
-409
Net change in cash
-0.87
2.69
9.68
-0.45
2.13
-7.67
Interest paid
34
29.3
55.6
119
140
119
Income taxes paid
3.98
3.87
1.67
2.44
2.28
5.78
Key metrics
Worked out from the statements above. Latest values use the trailing twelve months to June 30, 2026; growth uses fiscal years. Valuation uses the share price of $18.14 on September 25, 2026.
Profitability
Metric
Value
How it is calculated
Return on equity (ROE)
5.8%
Net income / average shareholders' equity (opening and closing). Not shown when equity is negative.
Return on assets (ROA)
2.5%
Net income / average total assets.
Growth
Metric
Value
How it is calculated
Net income growth, 1y
-8.6%
Net income vs the same period a year earlier. Only from a positive base.
Net income CAGR, 3y
16.4%
Compound annual growth of net income over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Net income CAGR, 5y
-0.9%
Compound annual growth of net income over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
EPS growth, 1y
-10.8%
EPS vs the same period a year earlier. Only from a positive base.
EPS CAGR, 3y
9.5%
Compound annual growth of eps over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
EPS CAGR, 5y
-7.3%
Compound annual growth of eps over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Operating cash flow CAGR, 5y
22.6%
Compound annual growth of operating cash flow over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Book value growth, 1y
0.0%
Book value vs the same period a year earlier. Only from a positive base.
Book value CAGR, 3y
6.2%
Compound annual growth of book value over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Book value CAGR, 5y
6.7%
Compound annual growth of book value over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Total assets growth, 1y
-4.5%
Total assets vs the same period a year earlier. Only from a positive base.
Total assets CAGR, 3y
6.4%
Compound annual growth of total assets over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Share count change, 1y
2.2%
Change in diluted weighted shares vs a year earlier. Negative means buybacks shrank the share count; positive means dilution.
Share count change per year, 3y
6.4%
Change in diluted weighted shares, per year over 3 years. Negative means buybacks shrank the share count; positive means dilution.
Share count change per year, 5y
7.0%
Change in diluted weighted shares, per year over 5 years. Negative means buybacks shrank the share count; positive means dilution.
Balance sheet health
Metric
Value
How it is calculated
Debt / equity
1.24x
Total debt / shareholders' equity. Not shown when equity is negative.
Debt / assets
54.3%
Total debt / total assets.
Liabilities / assets
56.3%
Total liabilities / total assets.
Net debt
$1.73B
Total debt - cash - short-term investments. Negative means more cash than debt.
Net income per diluted share, as reported (split-adjusted). Over the last twelve months: the four quarters summed, or net income / latest diluted shares when a quarter has no reported EPS.
Operating cash flow per share
$1.09
Cash from operations / diluted weighted shares.
Book value per share
$16.24
Shareholders' equity / shares outstanding (diluted weighted shares when not reported).
Dividends paid / net income, when net income is positive.
Valuation
Metric
Value
How it is calculated
Market cap
$1.73B
Share price x shares outstanding.
Enterprise value
$3.46B
Market cap + total debt - cash - short-term investments.
P/E
19.4x
Market cap / net income. Only when net income is positive.
P/B
1.12x
Market cap / shareholders' equity. Only when equity is positive.
Price / tangible book
1.12x
Market cap / tangible book value, when positive.
P/OCF
16.7x
Market cap / cash from operations, when positive.
Earnings yield
5.1%
Net income / market cap (the inverse of P/E).
Dividend yield
9.1%
Dividends paid over the period / market cap.
Shareholder yield
9.1%
(Dividends paid + share buybacks) / market cap.
PEG
2.05x
P/E / EPS growth per year over 3 years (in percent). Only when both are positive.
Was Sixth Street Specialty Lending, Inc. profitable in fiscal 2025?
Yes. Net income was $170.5M, a net margin of -.
Source: SEC EDGAR XBRL company facts. Where a company tags only year-to-date figures, quarters are worked out as differences. Where a line is not tagged it is left empty, never estimated.