Financial Snapshot

Revenue
$478.4M
TTM
Gross Margin
51.02%
TTM
Net Earnings
$186.7M
TTM
Current Assets
$88.79M
Q3 2024
Current Liabilities
$29.49M
Q3 2024
Current Ratio
301.05%
Q3 2024
Total Assets
Q3 2024
Total Liabilities
Q3 2024
Book Value
$1.597B
Q3 2024
Cash
Q3 2024
P/E
10.75
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 2017 2016 2015 2014 2013 2012 2011 2010
Revenue $438.1M $309.3M $278.6M $270.0M $251.5M $261.9M $210.9M $192.4M $173.4M $163.3M $92.60M $51.00M $5.300M $0.00
YoY Change 41.64% 11.02% 3.18% 7.36% -3.97% 24.18% 9.62% 10.96% 6.18% 76.35% 81.57% 862.26%

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 2017 2016 2015 2014 2013 2012 2011 2010
Revenue $438.1M $309.3M $278.6M $270.0M $251.5M $261.9M $210.9M $192.4M $173.4M $163.3M $92.60M $51.00M $5.300M $0.00
Cost Of Revenue $227.1M $127.4M $122.5M $104.4M $106.4M $101.9M $77.20M $70.10M $63.50M $51.20M $35.60M $21.90M $2.700M $0.00
Gross Profit $211.0M $181.9M $156.1M $165.6M $145.1M $160.0M $133.7M $122.3M $109.9M $112.1M $57.00M $29.10M $2.600M $0.00
Gross Profit Margin 48.16% 58.8% 56.04% 61.33% 57.69% 61.09% 63.39% 63.57% 63.38% 68.65% 61.56% 57.06% 49.06%

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 2017 2016 2015 2014 2013 2012 2011 2010
Selling, General & Admin $13.41M $13.36M $13.57M $12.90M $13.00M $12.80M $10.70M $13.20M $13.40M $9.000M $6.400M $4.700M $2.600M $0.00
YoY Change 0.4% -1.55% 5.16% -0.77% 1.56% 19.63% -18.94% -1.49% 48.89% 40.63% 36.17% 80.77%
% of Gross Profit 6.35% 7.34% 8.69% 7.79% 8.96% 8.0% 8.0% 10.79% 12.19% 8.03% 11.23% 16.15% 100.0%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization
YoY Change
% of Gross Profit
Operating Expenses $240.5M $140.8M $13.38M $12.80M $13.10M $12.80M $10.60M $12.80M $13.10M $6.500M -$700.0K $1.000M $4.100M $0.00
YoY Change 70.83% 952.58% 4.49% -2.29% 2.34% 20.75% -17.19% -2.29% 101.54% -1028.57% -170.0% -75.61%
Operating Profit -$29.49M $41.09M $142.7M $152.8M $132.0M $147.2M $123.1M $109.5M $96.80M $105.6M $57.70M $28.10M -$1.500M $0.00
YoY Change -171.77% -71.21% -6.58% 15.76% -10.33% 19.58% 12.42% 13.12% -8.33% 83.02% 105.34% -1973.33%

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 2017 2016 2015 2014 2013 2012 2011 2010
Interest Expense $133.7M $62.99M $71.32M $30.40M $26.30M -$24.90M -$8.700M $29.70M -$31.70M -$19.40M $9.500M $11.60M $2.300M $0.00
YoY Change 112.3% -11.68% 134.62% 15.59% -205.62% 186.21% -129.29% -193.69% 63.4% -304.21% -18.1% 404.35%
% of Operating Profit 153.29% 49.97% 19.9% 19.92% -16.92% -7.07% 27.12% -32.75% -18.37% 16.46% 41.28%
Other Income/Expense, Net $438.1M $309.3M $278.6M $270.0M
YoY Change 41.64% 11.02% 3.17%

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 2017 2016 2015 2014 2013 2012 2011 2010
Pretax Income $198.8M $168.9M $214.1M $183.9M $158.3M $122.4M $114.4M $139.2M $65.10M $86.20M $67.20M $39.60M $800.0K $0.00
YoY Change 17.65% -21.08% 16.4% 16.17% 29.33% 6.99% -17.82% 113.82% -24.48% 28.27% 69.7% 4850.0%
Income Tax $2.365M $2.622M $2.286M $5.800M $3.800M $3.400M $2.800M $2.200M $1.500M $1.100M $200.0K $0.00 $0.00 $0.00
% Of Pretax Income 1.19% 1.55% 1.07% 3.15% 2.4% 2.78% 2.45% 1.58% 2.3% 1.28% 0.3% 0.0% 0.0%
Net Earnings $222.0M $108.1M $211.8M $178.1M $154.6M $119.0M $111.6M $137.0M $63.60M $85.10M $67.00M $39.60M $800.0K $0.00
YoY Change 105.48% -48.98% 18.91% 15.2% 29.92% 6.63% -18.54% 115.41% -25.26% 27.01% 69.19% 4850.0%
Net Earnings / Revenue 50.68% 34.93% 76.02% 65.96% 61.47% 45.44% 52.92% 71.21% 36.68% 52.11% 72.35% 77.65% 15.09%
Basic Earnings Per Share $2.61 $1.38 $2.93 $2.65
Diluted Earnings Per Share $2.61 $1.38 $2.726M $2.650M $2.339M $1.859M $1.860M $2.338M $1.178M $1.685M $1.291M $763.0K $15.41K $0.00

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 2017 2016 2015 2014 2013 2012 2011 2010
Cash & Short-Term Investments $25.20M $25.65M $15.97M $13.30M $14.10M $10.60M $6.700M $4.900M $2.400M $2.400M $3.500M $161.8M $143.7M $0.00
YoY Change -1.76% 60.63% 20.05% -5.67% 33.02% 58.21% 36.73% 104.17% 0.0% -31.43% -97.84% 12.6%
Cash & Equivalents $25.20M $25.65M $15.97M $13.30M $14.10M $10.60M $6.700M $4.900M $2.400M $2.400M $3.500M $161.8M $143.7M $0.00
Short-Term Investments
Other Short-Term Assets $7.578M $4.529M $3.522M $17.90M $7.800M $5.000M $13.10M $3.500M $7.900M $30.70M $14.30M $13.10M $2.900M $0.00
YoY Change 67.32% 28.59% -80.32% 129.49% 56.0% -61.83% 274.29% -55.7% -74.27% 114.69% 9.16% 351.72%
Inventory
Prepaid Expenses
Receivables
Other Receivables
Total Short-Term Assets $60.74M $49.02M $30.26M $39.80M $35.00M $24.40M $26.60M $18.10M $20.40M $39.20M $22.70M $179.2M $147.9M
YoY Change 23.91% 61.98% -23.96% 13.71% 43.44% -8.27% 46.96% -11.27% -47.96% 72.69% -87.33% 21.16%
Property, Plant & Equipment
YoY Change
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $3.283B $2.788B $2.522B $2.299B $2.246B $1.706B $1.694B $1.657B $1.486B $1.264B $1.017B $653.9M $184.3M $0.00
YoY Change 17.76% 10.56% 9.69% 2.36% 31.65% 0.73% 2.19% 11.56% 17.59% 24.3% 55.45% 254.8%
Other Assets
YoY Change
Total Long-Term Assets $3.283B $2.788B $2.522B $2.299B $2.246B $1.706B $1.694B $1.657B $1.486B $1.265B $1.017B $653.9M $184.3M
YoY Change 17.76% 10.56% 9.69% 2.36% 31.65% 0.73% 2.18% 11.52% 17.53% 24.4% 55.45% 254.8%
Total Assets $3.344B $2.837B $2.552B $2.339B $2.281B $1.730B $1.720B $1.676B $1.507B $1.304B $1.039B $833.1M $332.2M $0.00
YoY Change
Accounts Payable $26.22M $24.71M $22.32M $19.70M $17.30M $18.00M $13.70M $13.70M $11.90M $13.80M $10.40M $6.000M $2.300M $0.00
YoY Change 6.09% 10.71% 13.29% 13.87% -3.89% 31.39% 0.0% 15.13% -13.77% 32.69% 73.33% 160.87%
Accrued Expenses
YoY Change
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $26.22M $24.71M $53.24M $47.40M $43.20M $43.50M $37.20M $37.00M $37.50M $63.80M $28.40M $19.00M $2.900M
YoY Change 6.09% -53.59% 12.33% 9.72% -0.69% 16.94% 0.54% -1.33% -41.22% 124.65% 49.47% 555.17%
Long-Term Debt $1.780B $1.442B $1.186B $1.110B $1.095B $608.0M $703.4M $680.7M $642.4M $395.9M $432.3M $331.8M $155.0M $0.00
YoY Change 23.48% 21.57% 6.81% 1.45% 80.02% -13.56% 3.33% 5.96% 62.26% -8.42% 30.29% 114.06%
Other Long-Term Liabilities $40.91M $28.87M $36.80M $19.40M $23.90M $15.60M $10.30M $5.600M $5.900M $8.700M $3.800M $2.500M $1.200M $0.00
YoY Change 41.69% -21.54% 89.7% -18.83% 53.21% 51.46% 83.93% -5.08% -32.18% 128.95% 52.0% 108.33%
Total Long-Term Liabilities $1.821B $1.471B $1.223B $1.130B $1.118B $623.6M $713.7M $686.3M $648.3M $404.6M $436.1M $334.3M $156.2M $0.00
YoY Change 23.84% 20.27% 8.23% 1.02% 79.35% -12.62% 3.99% 5.86% 60.23% -7.22% 30.45% 114.02%
Total Liabilities $1.847B $1.495B $1.276B $1.177B $1.162B $667.1M $751.0M $723.3M $685.8M $468.3M $464.5M $353.3M $159.2M $0.00
YoY Change 23.54% 17.19% 8.38% 1.35% 74.13% -11.17% 3.83% 5.47% 46.44% 0.82% 31.47% 121.92%

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 2017 2016 2015 2014 2013 2012 2011 2010
Basic Shares Outstanding 85.13M 78.20M 72.17M 67.21M
Diluted Shares Outstanding 85.13M 78.20M 77.70M 67.21M
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: $2.0082 Billion

About Sixth Street Specialty Lending, Inc.

Sixth Street Specialty Lending, Inc. engages in the provision of financing solutions. The company is headquartered in Dallas, Texas. The company went IPO on 2014-03-21. The firm seeks to generate current income primarily in United States-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, equity securities, and other instruments. The firm invests in first-lien debt, second-lien debt, mezzanine and unsecured debt and equity and other investments. The Company’s first-lien debt may include stand-alone first-lien loans, last out first-lien loans, unitranche loans and secured corporate bonds with similar features to these categories of first-lien loans. Its second-lien debt may include secured loans, and to a lesser extent, secured corporate bonds, with a secondary priority behind first-lien debt. The firm is managed by Sixth Street Specialty Lending Advisers, LLC (the Adviser).

Industry: UNKNOWN Peers: AssetMark Financial Holdings, Inc. Blackstone Inc. VIRTUS INVESTMENT PARTNERS, INC. Oaktree Specialty Lending Corp GCM Grosvenor Inc. Goldman Sachs BDC, Inc. Hercules Capital, Inc. New Mountain Finance Corp P10, Inc. Victory Capital Holdings, Inc.