TSLX (Sixth Street Specialty Lending) Net Margin %: 149.50% (As of Mar. 2026) — 76% Above Median


TSLX Sixth Street Specialty Lending Inc TSLX
53 GF Score
Price $16.20
GF Value $12.56
Valuation Modestly Overvalued
! 6 Warning Signs
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What is Sixth Street Specialty Lending Net Margin %?

Sixth Street Specialty Lending TSLX -2.82% 53 Net Margin % is 149.50% as of Mar. 2026, which is 76% above its 10-year median of 84.94. GuruFocus rates TSLX with a GF Score™ of 53/100 and a GF Value™ of $12.56 (Modestly Overvalued). The stock has 6 warning signs investors should review. Among 1,580 Asset Management companies, Sixth Street Specialty Lending ranks worse than 56.39% on this metric.

Net margin is calculated as Net Income divided by its Revenue. Sixth Street Specialty Lending's Net Income for the three months ended in Mar. 2026 was $-26.0 Mil. Sixth Street Specialty Lending's Revenue for the three months ended in Mar. 2026 was $-17.4 Mil. Therefore, Sixth Street Specialty Lending's net margin for the quarter that ended in Mar. 2026 was 149.50%.

The historical rank and industry rank for Sixth Street Specialty Lending's Net Margin % or its related term are showing as below:

TSLX' s Net Margin % Range Over the Past 10 Years
Min: 70.78   Med: 84.94   Max: 93.77
Current: 70.78


TSLX's Net Margin % is ranked worse than
56.39% of 1580 companies
in the Asset Management industry
Industry Median: 84.895 vs TSLX: 70.78

Sixth Street Specialty Lending  (NYSE:TSLX) Net Margin % Explanation

Although Net Income and Earnings-per-Share (EPS) are the most widely used parameter in measuring a company's profitability and valuation, it is the least reliable. The reason is that reported earnings can be manipulated easily by adjusting any numbers such as Depreciation, Depletion and Amotorization and non-recurring items.

But the long term trend of the net margin is a good indicator of the competitiveness and health of the business.


Sixth Street Specialty Lending Net Margin % Related Terms


Sixth Street Specialty Lending Net Margin % Historical Data

* Premium members only.

The historical data trend for Sixth Street Specialty Lending's Net Margin % can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Sixth Street Specialty Lending Net Margin % Chart

Sixth Street Specialty Lending Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Net Margin %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 93.77 79.16 81.21 73.75 78.73

Sixth Street Specialty Lending Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Net Margin % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 78.23 82.84 77.89 73.35 149.50

TSLX vs BDJ, BCAT, DXYZ: Net Margin % Comparison

For the Asset Management subindustry, Sixth Street Specialty Lending's Net Margin %, along with its competitors' market caps and Net Margin % data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Sixth Street Specialty Lending Net Margin % vs Asset Management Industry

For the Asset Management industry and Financial Services sector, Sixth Street Specialty Lending's Net Margin % distribution charts can be found below:

* The bar in red indicates where Sixth Street Specialty Lending's Net Margin % falls into.


TSLX
53GF Score
Sixth Street Specialty Lending Inc TSLX
Net Margin % is just one metric. See GF Score™, valuation, warning signs, and more.
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Sixth Street Specialty Lending Net Margin % Calculation

Net margin - also known as net profit margin is the ratio of Net Income divided by net sales or Revenue, usually presented in percent.

Sixth Street Specialty Lending's Net Margin for the fiscal year that ended in Dec. 2025 is calculated as

Net Margin=Net Income (A: Dec. 2025 )/Revenue (A: Dec. 2025 )
=170.517/216.571
=78.73 %

Sixth Street Specialty Lending's Net Margin for the quarter that ended in Mar. 2026 is calculated as

Net Margin=Net Income (Q: Mar. 2026 )/Revenue (Q: Mar. 2026 )
=-26.025/-17.408
=149.50 %

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Frequently Asked Questions Learn more about Net Margin % →
What does a Net Margin % of 149.50% mean?
Sixth Street Specialty Lending (TSLX) has a Net Margin % of 149.50% as of Mar. 2026. Net margin is the ratio of total net income to net sales. View historical data on Sixth Street Specialty Lending and its competitors. This is 76% above median its historical median of 84.94. Over the past decade, Sixth Street Specialty Lending's Net Margin % has ranged from 70.78 to 93.77. According to the industry distribution chart, Sixth Street Specialty Lending ranks #891 out of 1580 companies in the Asset Management industry, placing it in the top 56.4%.
Is Sixth Street Specialty Lending's Net Margin % too high?
Sixth Street Specialty Lending's current Net Margin % of 149.50% is 76% above median its 10-year median of 84.94. Over the past 10 years, this metric has ranged from a low of 70.78 to a high of 93.77. The Asset Management industry median Net Margin % is 84.90. Sixth Street Specialty Lending's value of 149.50% is 76.1% above this industry median. Based on the distribution chart, Sixth Street Specialty Lending ranks #891 out of 1580 companies in the Asset Management industry, which is below the industry midpoint. Overall, Sixth Street Specialty Lending has a GF Score™ of 53/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Sixth Street Specialty Lending's Net Margin % compare to BDJ and BCAT?
According to the Asset Management industry distribution chart, Sixth Street Specialty Lending ranks #891 out of 1580 companies for Net Margin %. This places Sixth Street Specialty Lending in the lower half of its industry. The industry median Net Margin % is 84.90. Sixth Street Specialty Lending's value of 149.50% is 76.1% above this benchmark. Historically, Sixth Street Specialty Lending's own Net Margin % has ranged from 70.78 to 93.77 over the past decade. While the company's 10-year median is 84.94 vs. the industry median of 84.90, Sixth Street Specialty Lending has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Net Margin % for an Asset Management company?
The median Net Margin % among Asset Management companies is 84.90, based on 1,580 companies in the industry. Companies in the top quartile (top 25%) have a Net Margin % significantly above this median, while those in the bottom quartile fall well below. However, Net Margin % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Sixth Street Specialty Lending's current Net Margin % of 149.50% is 76.1% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Net Margin % mean?
A high Net Margin % can signal that a stock is expensive relative to its fundamentals. Net margin is the ratio of total net income to net sales. View historical data on Sixth Street Specialty Lending and its competitors. For the Asset Management industry, the median Net Margin % is 84.90 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Sixth Street Specialty Lending's current Net Margin % is 149.50%, which is 76% above median its own 10-year median of 84.94. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Sixth Street Specialty Lending stock overvalued right now?
Based on GuruFocus' analysis, Sixth Street Specialty Lending (TSLX) is currently considered Modestly Overvalued. The stock's GF Value™ is $12.56, compared to a current price of $16.20 — trading 29% above its estimated fair value. The current Net Margin % is 149.50%, which is 76% above median its 10-year median of 84.94 and 76.1% above the Asset Management industry median of 84.90. Sixth Street Specialty Lending's overall GF Score™ is 53/100 with 6 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Net Margin % calculated?
Net Margin % is calculated from a company's financial statements. For Sixth Street Specialty Lending (TSLX), the current Net Margin % is 149.50% as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Sixth Street Specialty Lending (TSLX) Overvalued in 2026?

Based on GuruFocus' analysis, Sixth Street Specialty Lending stock appears to be overvalued. The current stock price of $16.20 is trading 29% above its estimated GF Value™ of $12.56. GuruFocus considers Sixth Street Specialty Lending to be Modestly Overvalued.

Key valuation signals for TSLX:

  • Net Margin %: 149.50% (76% above median its 10-year median of 84.94)
  • GF Value™: $12.56 vs. price of $16.20 (29% above fair value)
  • GF Score™: 53/100 with 6 warning signs
  • Industry Position: 76.1% above the Asset Management median (#891 of 1580)

No single metric tells the full story. See the TSLX stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Sixth Street Specialty Lending Business Description

Other Exchanges 1T6:Germany
Address 2100 McKinney Avenue, Suite 1500, Dallas, TX, USA, 75201
Sixth Street Specialty Lending Inc is a specialty finance company focused on providing flexible, fully committed financing solutions to middle market companies located in the United States of America. The company partners with other companies across a variety of industries and provides creative solutions with complex business models that may have limited access to capital. The company seeks to generate current income in U.S.-domiciled middle-market companies through direct originations of senior secured loans and, to a lesser extent, originations of mezzanine and unsecured loans and investments in corporate bonds and equity securities.
53GF Score

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Net Margin % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

$16.20
Price
$12.56
GF Value