Carlyle Secured [CGBD] vs Sixth Street [TSLX] Detailed Stock Comparison
TLDR: Quick Comparison Summary
Based on 19 vital metrics comparison: Carlyle Secured Lending Inc. wins in 6 metrics, Sixth Street Specialty Lending Inc. wins in 13 metrics, with 0 ties. Sixth Street Specialty Lending Inc. appears stronger overall.
View Metrics Details
Vital Metrics Comparison
| Metric | Carlyle Secured Lending Inc. | Sixth Street Specialty Lending Inc. | Better |
|---|---|---|---|
| P/E Ratio (TTM) | 11.38 | 10.27 | Sixth Street Specialty Lending Inc. |
| Price-to-Book Ratio | 0.71 | 1.10 | Carlyle Secured Lending Inc. |
| Debt-to-Equity Ratio | 131.29 | 108.43 | Sixth Street Specialty Lending Inc. |
| PEG Ratio | 7.96 | 9.57 | Carlyle Secured Lending Inc. |
| Profit Margin (TTM) | 27.38% | 37.97% | Sixth Street Specialty Lending Inc. |
| Operating Margin (TTM) | 74.47% | 77.00% | Sixth Street Specialty Lending Inc. |
| EBITDA Margin (TTM) | 74.47% | 77.00% | Sixth Street Specialty Lending Inc. |
| Return on Equity | 6.75% | 10.61% | Sixth Street Specialty Lending Inc. |
| Return on Assets (TTM) | 5.06% | 6.16% | Sixth Street Specialty Lending Inc. |
| Free Cash Flow (TTM) | $-204.56M | $401.58M | Sixth Street Specialty Lending Inc. |
| Dividend Yield | 18.27% | 10.95% | Carlyle Secured Lending Inc. |
| 1-Year Return | -21.01% | -27.53% | Carlyle Secured Lending Inc. |
| Price-to-Sales Ratio (TTM) | 3.18 | 3.95 | Carlyle Secured Lending Inc. |
| Enterprise Value | $2.30B | $3.51B | Sixth Street Specialty Lending Inc. |
| EV/Revenue Ratio | 9.00 | 7.82 | Sixth Street Specialty Lending Inc. |
| Revenue per Share (TTM) | $4 | $5 | Sixth Street Specialty Lending Inc. |
| Earnings per Share (Diluted) | $1.01 | $1.82 | Sixth Street Specialty Lending Inc. |
| Beta (Stock Volatility) | 0.71 | 0.69 | Sixth Street Specialty Lending Inc. |
| Short % of Float | 4.97% | 9.05% | Carlyle Secured Lending Inc. |
Carlyle Secured Lending Inc. vs Sixth Street Specialty Lending Inc. Stock Performance Analysis
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Performance Comparison
Short-term Returns
| Stock | 1D | 1W | 1M | 3M | 6M | YTD |
|---|---|---|---|---|---|---|
| Carlyle Secured Lending Inc. | -0.18% | 3.40% | -2.14% | 2.43% | -14.17% | -12.67% |
| Sixth Street Specialty Lending Inc. | -2.96% | -4.37% | -7.50% | -7.19% | -25.01% | -24.28% |
Long-term Returns
| Stock | 1Y | 3Y | 5Y | 10Y | 15Y | 20Y |
|---|---|---|---|---|---|---|
| Carlyle Secured Lending Inc. | -21.01% | -24.69% | -14.49% | -38.62% | -38.62% | -38.62% |
| Sixth Street Specialty Lending Inc. | -27.53% | -9.67% | -21.72% | 2.86% | 5.63% | 5.63% |
Performance & Financial Health Analysis: Carlyle Secured Lending Inc. vs Sixth Street Specialty Lending Inc.
| Metric | CGBD | TSLX |
|---|---|---|
| Market Information | ||
| Market Cap | $812.08M | $1.78B |
| Market Cap Category | Small cap | Small cap |
| 10 Day Avg. Volume | 884,600 | 672,080 |
| 90 Day Avg. Volume | 839,497 | 799,027 |
| Last Close | $10.96 | $16.40 |
| 52 Week Range | $10.48 - $14.49 | $16.37 - $25.17 |
| % from 52W High | -24.36% | -34.84% |
| All-Time High | $19.99 (Dec 25, 2017) | $25.17 (Jul 18, 2025) |
| % from All-Time High | -45.17% | -34.84% |
| Growth Metrics | ||
| Quarterly Revenue Growth | 0.19% | -0.13% |
| Quarterly Earnings Growth | -0.19% | -0.41% |
| Financial Health | ||
| Profit Margin (TTM) | 0.27% | 0.38% |
| Operating Margin (TTM) | 0.74% | 0.77% |
| Return on Equity (TTM) | 0.07% | 0.11% |
| Debt to Equity (MRQ) | 131.29 | 108.43 |
| Cash & Liquidity | ||
| Book Value per Share (MRQ) | $16.26 | $16.98 |
| Cash per Share (MRQ) | $0.64 | $0.03 |
| Operating Cash Flow (TTM) | $-204,560,000 | $401.58M |
| Levered Free Cash Flow (TTM) | $-27,272,376 | $123.24M |
| Dividends | ||
| Last 12-Month Dividend Yield | 18.27% | 10.95% |
| Last 12-Month Dividend | $2.05 | $1.99 |
Valuation & Enterprise Metrics Analysis: Carlyle Secured Lending Inc. vs Sixth Street Specialty Lending Inc.
| Metric | CGBD (Apr 26, 2026) | TSLX (Apr 26, 2026) |
|---|---|---|
| Price Ratios | ||
| P/E Ratio (TTM) | 11.38 | 10.27 |
| Forward P/E | 7.96 | 9.57 |
| PEG Ratio | 7.96 | 9.57 |
| Price to Sales (TTM) | 3.18 | 3.95 |
| Price to Book (MRQ) | 0.71 | 1.10 |
| Market Capitalization | ||
| Market Capitalization | $812.08M | $1.78B |
| Enterprise Value | $2.30B | $3.51B |
| Enterprise Value Metrics | ||
| Enterprise to Revenue | 9.00 | 7.82 |
| Enterprise to EBITDA | N/A | N/A |
| Risk & Other Metrics | ||
| Beta | 0.71 | 0.69 |
| Book Value per Share (MRQ) | $16.26 | $16.98 |
Financial Statements Comparison: Carlyle Secured Lending Inc. vs Sixth Street Specialty Lending Inc.
Financial Metrics
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Revenue
Operating Margin
Profit Margin
Long Term Debt
Income Flow Analysis
Financial Statements Comparison
Income Statement
| Metric | CGBD (2025) | TSLX (2025) |
|---|---|---|
| Revenue/Sales | 80.99M | 216.57M |
| Cost of Goods Sold | N/A | N/A |
| COGS % of Revenue | 0.0% | 0.0% |
| Gross Profit | N/A | N/A |
| Gross Margin | 0.0% | 0.0% |
| Research & Development | N/A | N/A |
| Operating Income (EBIT) | N/A | N/A |
| Operating Margin | 0.0% | 0.0% |
| EBITDA | N/A | N/A |
| EBITDA Margin | 0.0% | 0.0% |
| Pre-Tax Income | 71.88M | 176.26M |
| Pre-Tax Income % of Revenue | 88.8% | 81.4% |
| Income Tax | 1.91M | 5.74M |
| Income Tax % of Revenue | 2.4% | 2.6% |
| Net Income (Profit) | 69.97M | 170.52M |
| Profit Margin | 86.4% | 78.7% |
Balance Sheet & Liquidity Metrics
| Metric | CGBD (2025) | TSLX (2025) |
|---|---|---|
| Cash & Equivalents | 45.02M | 2.94M |
| Total Current Assets | N/A | N/A |
| Total Current Assets % of Revenue | 0.0% | 0.0% |
| Total Current Liabilities | N/A | N/A |
| Total Current Liabilities % of Revenue | 0.0% | 0.0% |
| Long-Term Debt | 1.53B | 1.74B |
| Long-Term Debt % of Revenue | 1,892.1% | 804.9% |
| Total Shareholders Equity | 1.17B | 1.61B |
| Retained Earnings | -195.70M | 81.64M |
| Retained Earnings % of Revenue | -241.6% | 37.7% |
| Property, Plant & Equipment | N/A | N/A |
Cash Flow Statement Comparison
| Metric | CGBD (2025) | TSLX (2025) |
|---|---|---|
| Operating Cash Flow | 57.57M | 152.53M |
| Operating Cash Flow % of Revenue | 71.1% | 70.4% |
| Capital Expenditures | N/A | N/A |
| Free Cash Flow | -204.56M | 401.58M |
| FCF Margin | -252.6% | 185.4% |
| Debt Repayment | -1.32B | -1.57B |
| Common Stock Repurchase | -13.87M | N/A |
Short Interest & Institutional Ownership Analysis
| Metric | CGBD | TSLX |
|---|---|---|
| Shares Short | 3.49M | 8.27M |
| Short Ratio | 4.36 | 10.22 |
| Short % of Float | 4.97% | 9.05% |
| Shares Outstanding | 71.81M | 94.71M |
| Float Shares | N/A | N/A |
| % Held by Insiders | 0.62% | 0.47% |
| % Held by Institutions | 38.89% | 57.57% |
| % Held by Public | 60.49% | 41.96% |
Dividend Analysis & Yield Comparison: Carlyle Secured Lending Inc. vs Sixth Street Specialty Lending Inc.
| Metric | CGBD | TSLX |
|---|---|---|
| Last 12-Month Dividend | $2.05 | $1.99 |
| Last 12-Month Dividend Yield | 18.27% | 10.95% |
| 3-Year Avg Annual Dividend | $1.89 | $2.05 |
| 3-Year Avg Dividend Yield | 2.96% | 1.22% |
| 3-Year Total Dividends | $5.68 | $6.16 |
| Ex-Dividend Date | Mar 31, 2026 | Mar 16, 2026 |