Financial Snapshot

Revenue
$839.8M
TTM
Gross Margin
90.81%
TTM
Net Earnings
$688.9M
TTM
Current Assets
$252.2M
Q3 2024
Current Liabilities
$281.8M
Q3 2024
Current Ratio
89.5%
Q3 2024
Total Assets
Q3 2024
Total Liabilities
Q3 2024
Book Value
$5.701B
Q3 2024
Cash
Q3 2024
P/E
10.00
Nov 29, 2024 EST
Free Cash Flow

Revenues

Revenues

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Revenue YoY Change

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Revenues

Concept 2023 2022 2021 2020 2019 2018
Revenue $670.7M $485.2M $624.7M $389.6M $148.0M $3.174M
YoY Change 38.24% -22.34% 60.33% 163.19% 4564.4%

Expenses

Cost Of Revenues

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Gross Profit

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Gross Profit Margin

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Gross Profit

Concept 2023 2022 2021 2020 2019 2018
Revenue $670.7M $485.2M $624.7M $389.6M $148.0M $3.174M
Cost Of Revenue $463.9M $364.0M $244.2M $141.3M $62.31M $1.837M
Gross Profit $679.6M $486.3M $380.5M $248.4M $85.73M $1.337M
Gross Profit Margin 101.33% 100.24% 60.91% 63.74% 57.91% 42.12%

Selling, General & Admin Expense

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Research & Development

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Depreciation, Depletion & Amortization

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SGA Expense to Gross Profit Ratio

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R&D To Gross Profit Ratio

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DDA To Gross Profit Ratio

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Operating Expenses Total

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Operating Profits/Loss

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Operational Expenses

Concept 2023 2022 2021 2020 2019 2018
Selling, General & Admin $14.44M $13.03M $10.09M $8.436M $5.877M $1.577M
YoY Change 10.87% 29.11% 19.59% 43.54% 272.67%
% of Gross Profit 2.12% 2.68% 2.65% 3.4% 6.85% 117.95%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization
YoY Change
% of Gross Profit
Operating Expenses $8.936M $1.143M $26.40M $8.270M $11.42M -$2.000K
YoY Change 681.8% -95.67% 219.24% -27.55% -570850.0%
Operating Profit $670.7M $485.2M $354.1M $240.1M $74.32M $1.339M
YoY Change 38.24% 37.01% 47.49% 223.06% 5450.34%

Interest Expenses

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Interest Expenses To Operating Income %

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Other Expense/Income

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Interest & Other Expense/Income

Concept 2023 2022 2021 2020 2019 2018
Interest Expense $266.4M $203.6M $108.7M -$20.94M $32.35M -$4.231M
YoY Change 30.87% 87.21% -619.25% -164.73% -864.64%
% of Operating Profit 39.72% 41.96% 30.71% -8.72% 43.53% -315.98%
Other Income/Expense, Net
YoY Change

Income/Loss

Pretax Income

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Income Tax

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Net Profits/Loss

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Pretax Income YoY Change

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Income Tax Rate

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Net Profits/Loss YoY Change

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Basic EPS

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Net Income To Revenue Ratio

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Pretax & Net Income

Concept 2023 2022 2021 2020 2019 2018
Pretax Income $628.7M $405.9M $462.9M $219.2M $106.7M -$2.892M
YoY Change 54.89% -12.3% 111.2% 105.45% -3788.49%
Income Tax $16.80M $1.386M $2.438M $517.0K $465.0K $52.00K
% Of Pretax Income 2.67% 0.34% 0.53% 0.24% 0.44%
Net Earnings $612.0M $404.6M $460.4M $218.6M $106.2M -$2.944M
YoY Change 51.26% -12.13% 110.59% 105.86% -3707.54%
Net Earnings / Revenue 91.24% 83.39% 73.7% 56.11% 71.74% -92.75%
Basic Earnings Per Share $3.65 $2.44 $3.19 $2.29
Diluted Earnings Per Share $3.65 $2.44 $2.773M $1.317M $639.6K -$17.73K

Assets & Liabilities

Cash & Short-Term Investments

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Cash & Equivalents

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Cash To Operating Expenses Ratio

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Inventory

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Receivables

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Total Short-Term Assets

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Property, Plant And Equipment

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Long-Term Investments

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Total Long-Term Assets

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Total Assets

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Net Income To Total Assets Percentage

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Accounts Payable

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Short-Term Debt

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Long Term Debt Due

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Total Short-Term Liabilities

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Long-Term Debt

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Other Long-Term Liabilities

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Total Long-Term Liabilities

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Total Liabilities

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Short-Term To Long-Term Debt Ratio

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Short-Term Assets To Debt Ratio

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Long-Term Debt To Net Income Ratio

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Assets & Liabilities

Concept 2023 2022 2021 2020 2019 2018
Cash & Short-Term Investments $154.9M $131.3M $102.9M $218.0M $65.50M $6.228M
YoY Change 17.97% 27.6% -52.81% 232.84% 951.62%
Cash & Equivalents $154.9M $131.3M $102.9M $218.0M $65.50M $6.228M
Short-Term Investments
Other Short-Term Assets
YoY Change
Inventory
Prepaid Expenses
Receivables
Other Receivables
Total Short-Term Assets $156.2M $180.5M $245.8M $336.0M $74.16M $23.97M
YoY Change -13.51% -26.54% -26.85% 353.0% 209.35%
Property, Plant & Equipment
YoY Change
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $9.868B $9.617B $9.855B $5.586B $3.092B $545.3M
YoY Change 2.61% -2.42% 76.43% 80.63% 467.08%
Other Assets $16.45M $13.33M $13.55M $6.933M $5.932M $2.861M
YoY Change 23.39% -1.62% 95.47% 16.87% 107.34%
Total Long-Term Assets $9.978B $9.728B $9.932B $5.615B $3.116B $550.8M
YoY Change 2.57% -2.05% 76.88% 80.2% 465.74%
Total Assets $10.13B $9.909B $10.18B $5.951B $3.190B $574.7M
YoY Change
Accounts Payable
YoY Change
Accrued Expenses $52.70M $46.14M $42.24M $15.28M $7.248M $1.573M
YoY Change 14.21% 9.24% 176.4% 110.84% 360.78%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $270.6M $222.3M $231.4M $182.7M $62.78M $153.2M
YoY Change 21.74% -3.94% 26.7% 190.98% -59.01%
Long-Term Debt $4.912B $5.528B $5.499B $2.500B $1.454B $185.0M
YoY Change -11.14% 0.53% 119.91% 71.94% 686.06%
Other Long-Term Liabilities $222.0K
YoY Change
Total Long-Term Liabilities $4.912B $5.528B $5.499B $2.500B $1.454B $185.2M
YoY Change -11.14% 0.53% 119.91% 71.94% 685.12%
Total Liabilities $5.183B $5.750B $5.730B $2.683B $1.517B $338.4M
YoY Change -9.87% 0.35% 113.56% 76.87% 348.31%

Ownership

Basic Shares Outstanding

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Diluted Shares Outstanding

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Preferred Stock

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Treasury Stock Shares

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Stock Issuance & Repurchase

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Ownership Data

Concept 2023 2022 2021 2020 2019 2018
Basic Shares Outstanding 167.6M shares 166.1M shares 144.5M shares 95.33M shares
Diluted Shares Outstanding 167.6M shares 166.1M shares 144.5M shares 95.33M shares
Preferred Stock
Treasury Stock Shares

Return On Shareholders' Equity

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Book Value

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Free Cash Flow

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Free Cash Flow YoY

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Free Cash Flow Margin

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Dividends

Dividends

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Stock Price

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Market Cap: $6.8901 Billion

About Blackstone Secured Lending Fund

Blackstone Secured Lending Fund is a non-diversified closed-end investment company. The company is headquartered in New York City, New York and currently employs 0 full-time employees. The company went IPO on 2021-10-28. The Company’s investment objectives are to generate current income and, to a lesser extent, long-term capital appreciation. The company generally invests at least 80% of its total assets in secured debt investments. The company seeks to achieve its investment objectives primarily through originated loans and other securities, including syndicated loans, of private United States companies, typically in the form of first lien senior secured and unitranche loans (including first out/last out loans), and to a lesser extent, second lien, third lien, unsecured and subordinated loans and other debt and equity securities. The company invests across various sectors, which includes aerospace and defense, air freight and logistics, building products, commercial services and supplies, health care providers and services and others. The firm is externally managed by Blackstone Credit BDC Advisors LLC.

Industry: UNKNOWN Peers: AFFILIATED MANAGERS GROUP, INC. ALLIANCEBERNSTEIN HOLDING L.P. Invesco Ltd. Blackstone Inc. COHEN & STEERS, INC. FEDERATED HERMES, INC. FS KKR Capital Corp Hamilton Lane INC Blue Owl Capital Corp