Sixth Street Specialty Lending (TSLX) Financial Ratios

For fiscal 2025 (fiscal year ended Dec 31, 2025), Sixth Street Specialty Lending had a P/E ratio of 12.04 (up from 10.65), return on equity of 10.6% (down from 12.0%), debt-to-equity of 1.08 (down from 1.18) and a current ratio of 2.83 (up from 1.90). A current ratio of 2.83 means current assets exceed current liabilities. Its dividend yield was 9.46% with a payout ratio of 89.7%.

Sixth Street Specialty Lending Financial Ratios Analysis

Valuation, profitability, leverage, and liquidity ratios

Income Statement Balance Sheet Cash Flow Ratios

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Breakdown	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period ending	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Valuation Ratios
P/E Ratio	12.04	10.65	8.52	13.34	8.07	7.88
Forward P/E	10.79	9.57	9.35	8.08	11.45	10.10
P/S Ratio	4.57	4.12	4.32	4.66	6.14	5.20
P/B Ratio	1.28	1.24	1.26	1.07	1.34	1.21
Price/Tangible Book	1.28	1.24	1.26	1.07	1.34	1.21
Price/OCF	5.11	-	-	-	697.35	9.67
PEG Ratio	2.66	2.66	2.66	2.66	1.27	11.19
Enterprise Value Ratios
EV/Revenue	8.52	7.98	8.01	9.32	10.08	8.62
EV/EBIT	11.09	10.19	10.56	12.43	15.46	12.12
Profitability & Returns
Return on Equity (ROE)	10.61%	12.02%	15.65%	8.26%	17.38%	15.62%
Return on Assets (ROA)	6.16%	6.82%	6.72%	5.38%	4.64%	5.20%
Return on Invested Capital (ROIC)	9.74%	10.78%	10.91%	8.61%	7.60%	8.31%
Return on Capital Employed (ROCE)	10.20%	10.70%	11.20%	8.30%	7.30%	8.40%
Leverage & Solvency Ratios
Debt/Equity	1.08	1.18	1.19	1.07	0.93	0.96
Liquidity Ratios
Current Ratio	2.83	1.90	0.16	1.59	0.44	0.84
Quick Ratio	1.41	1.05	0.08	0.94	0.18	0.23
Efficiency Ratios
Asset Turnover	0.13	0.14	0.14	0.12	0.11	0.12
Yield & Distribution Ratios
Earnings Yield	8.31%	9.39%	11.74%	7.50%	12.39%	12.69%
Dividend Yield	9.46%	9.85%	9.71%	10.28%	8.42%	14.98%
Payout Ratio	89.66%	79.62%	61.73%	125.02%	40.54%	73.24%
Buyback Yield	-2.24%	-8.11%	-8.87%	-0.64%	-15.61%	-1.73%
Total Return	7.22%	1.74%	0.84%	9.64%	-7.19%	13.25%

Source: Company financial statements from annual and quarterly filings. Data as of Jun 30, 2026. Data sources and methodology

Frequently Asked Questions About Sixth Street Specialty Lending Financial Ratios

What is Sixth Street Specialty Lending's P/E ratio?

Sixth Street Specialty Lending's P/E ratio was 12.04 for fiscal 2025 (period ended Dec 31, 2025). It was 10.65 a year earlier.

What is Sixth Street Specialty Lending's return on equity?

Sixth Street Specialty Lending's return on equity (ROE) was 10.6% for fiscal 2025 (period ended Dec 31, 2025). It was 12.0% a year earlier.

What is Sixth Street Specialty Lending's debt-to-equity ratio?

Sixth Street Specialty Lending's debt-to-equity ratio was 1.08 for fiscal 2025 (period ended Dec 31, 2025). It was 1.18 a year earlier.

What is return on equity (ROE)?

Return on equity is net income divided by shareholders' equity. It measures how much profit a company generates from the capital its shareholders have invested. Full definition