Trinity Capital [TRIN] vs Sixth Street [TSLX] Detailed Stock Comparison

TLDR: Quick Comparison Summary

Based on 19 vital metrics comparison: Trinity Capital Inc. wins in 9 metrics, Sixth Street Specialty Lending Inc. wins in 10 metrics, with 0 ties. Sixth Street Specialty Lending Inc. appears stronger overall.

View Metrics Details

Vital Metrics Comparison

Metric Trinity Capital Inc. Sixth Street Specialty Lending Inc. Better
P/E Ratio (TTM) 8.18 10.27 Trinity Capital Inc.
Price-to-Book Ratio 1.20 1.10 Sixth Street Specialty Lending Inc.
Debt-to-Equity Ratio 119.17 108.43 Sixth Street Specialty Lending Inc.
PEG Ratio -0.24 9.57 Sixth Street Specialty Lending Inc.
Profit Margin (TTM) 48.51% 37.97% Trinity Capital Inc.
Operating Margin (TTM) 74.51% 77.00% Sixth Street Specialty Lending Inc.
EBITDA Margin (TTM) 74.51% 77.00% Sixth Street Specialty Lending Inc.
Return on Equity 14.15% 10.61% Trinity Capital Inc.
Return on Assets (TTM) 6.17% 6.16% Trinity Capital Inc.
Free Cash Flow (TTM) $-536.28M $401.58M Sixth Street Specialty Lending Inc.
Dividend Yield 21.34% 10.95% Trinity Capital Inc.
1-Year Return 15.80% -26.02% Trinity Capital Inc.
Price-to-Sales Ratio (TTM) 4.77 3.95 Sixth Street Specialty Lending Inc.
Enterprise Value $2.62B $3.51B Sixth Street Specialty Lending Inc.
EV/Revenue Ratio 9.37 7.82 Sixth Street Specialty Lending Inc.
Revenue per Share (TTM) $4 $5 Sixth Street Specialty Lending Inc.
Earnings per Share (Diluted) $1.96 $1.82 Trinity Capital Inc.
Beta (Stock Volatility) 0.62 0.69 Trinity Capital Inc.
Short % of Float 7.43% 9.05% Trinity Capital Inc.

Trinity Capital Inc. vs Sixth Street Specialty Lending Inc. Stock Performance Analysis

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Performance Comparison

Short-term Returns

Stock1D1W1M3M6MYTD
Trinity Capital Inc.1.78%2.20%2.26%13.77%16.15%14.22%
Sixth Street Specialty Lending Inc.2.32%1.84%-10.58%-4.38%-20.69%-18.42%

Long-term Returns

Stock1Y3Y5Y10Y15Y20Y
Trinity Capital Inc.15.80%32.34%15.40%12.40%12.40%12.40%
Sixth Street Specialty Lending Inc.-26.02%-7.56%-23.22%5.64%7.69%7.69%

Performance & Financial Health Analysis: Trinity Capital Inc. vs Sixth Street Specialty Lending Inc.

MetricTRINTSLX
Market Information
Market Cap i$1.30B$1.78B
Market Cap CategorySmall capSmall cap
10 Day Avg. Volume i1,288,026672,080
90 Day Avg. Volume i1,256,105799,027
Last Close$17.19$17.67
52 Week Range$13.76 - $17.38$16.96 - $25.17
% from 52W High-1.09%-29.80%
All-Time High$20.26 (Mar 28, 2022)$25.17 (Jul 18, 2025)
% from All-Time High-15.15%-29.80%
Growth Metrics
Quarterly Revenue Growth0.17%-0.13%
Quarterly Earnings Growth-0.14%-0.41%
Financial Health
Profit Margin (TTM) i0.49%0.38%
Operating Margin (TTM) i0.75%0.77%
Return on Equity (TTM) i0.14%0.11%
Debt to Equity (MRQ) i119.17108.43
Cash & Liquidity
Book Value per Share (MRQ)$13.42$16.98
Cash per Share (MRQ)$0.23$0.03
Operating Cash Flow (TTM) i$-535,499,008$401.58M
Levered Free Cash Flow (TTM) i$120.11M$123.24M
Dividends
Last 12-Month Dividend Yield i21.34%10.95%
Last 12-Month Dividend i$3.06$1.99

Valuation & Enterprise Metrics Analysis: Trinity Capital Inc. vs Sixth Street Specialty Lending Inc.

MetricTRIN (Apr 24, 2026)TSLX (Apr 26, 2026)
Price Ratios
P/E Ratio (TTM) i8.1810.27
Forward P/E i7.699.57
PEG Ratio i-0.249.57
Price to Sales (TTM) i4.773.95
Price to Book (MRQ) i1.201.10
Market Capitalization
Market Capitalization i$1.30B$1.78B
Enterprise Value i$2.62B$3.51B
Enterprise Value Metrics
Enterprise to Revenue i9.377.82
Enterprise to EBITDA iN/AN/A
Risk & Other Metrics
Beta i0.620.69
Book Value per Share (MRQ) i$13.42$16.98

Financial Statements Comparison: Trinity Capital 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

MetricTRIN (2025)TSLX (2025)
Revenue/Sales i204.61M216.57M
Cost of Goods Sold iN/AN/A
COGS % of Revenue i0.0%0.0%
Gross Profit iN/AN/A
Gross Margin i0.0%0.0%
Research & Development iN/AN/A
Operating Income (EBIT) iN/AN/A
Operating Margin i0.0%0.0%
EBITDA iN/AN/A
EBITDA Margin i0.0%0.0%
Pre-Tax Income i138.20M176.26M
Pre-Tax Income % of Revenue i67.5%81.4%
Income Tax i2.60M5.74M
Income Tax % of Revenue i1.3%2.6%
Net Income (Profit) i135.60M170.52M
Profit Margin i66.3%78.7%

Balance Sheet & Liquidity Metrics

MetricTRIN (2025)TSLX (2025)
Cash & Equivalents i19.11M2.94M
Total Current Assets iN/AN/A
Total Current Assets % of Revenue i0.0%0.0%
Total Current Liabilities iN/AN/A
Total Current Liabilities % of Revenue i0.0%0.0%
Long-Term Debt i1.29B1.74B
Long-Term Debt % of Revenue i632.5%804.9%
Total Shareholders Equity i1.09B1.61B
Retained Earnings i-6.43M81.64M
Retained Earnings % of Revenue i-3.1%37.7%
Property, Plant & Equipment iN/AN/A

Cash Flow Statement Comparison

MetricTRIN (2025)TSLX (2025)
Operating Cash Flow i88.30M152.53M
Operating Cash Flow % of Revenue i43.2%70.4%
Capital Expenditures i-785,000N/A
Free Cash Flow i-536.28M401.58M
FCF Margin i-262.1%185.4%
Debt Repayment i-1.53B-1.57B
Common Stock Repurchase i-4.36MN/A

Short Interest & Institutional Ownership Analysis

MetricTRINTSLX
Shares Short i5.92M8.27M
Short Ratio i4.3010.22
Short % of Float i7.43%9.05%
Shares Outstanding i81.52M94.71M
Float Shares i79.39MN/A
% Held by Insiders i4.32%0.47%
% Held by Institutions i26.24%57.57%
% Held by Public i69.44%41.96%

Dividend Analysis & Yield Comparison: Trinity Capital Inc. vs Sixth Street Specialty Lending Inc.

MetricTRINTSLX
Last 12-Month Dividend i$3.06$1.99
Last 12-Month Dividend Yield i21.34%10.95%
3-Year Avg Annual Dividend i$2.38$2.05
3-Year Avg Dividend Yield i2.78%1.22%
3-Year Total Dividends i$7.14$6.16
Ex-Dividend DateJun 11, 2026Mar 16, 2026