Blackstone Secured Lending Fund BXSL

24.66 0.07 0.28% as of 25 Sep
Market cap
$5.8B
P/E
19.4×
Growth Flags show if company had growth for consecutive years

Insider Decisions

in millions of $
Nov 25 Feb 26 May 26 Aug 26
Buy — — — — — — — — — — — —
Sell — — — — — — — — — — — —
Insider Ownership 12.68%

Capital & Financial Ratios

Market Cap 5,770.00
Revenue 1,362.33
Net Income 293.34
Free Cash Flow 147.96
Net Debt (6,095.38)
Current Ratio 1.74
Debt/Equity 1.27
P/E ratio 19.42
P/S ratio 4.21
P/B ratio 0.97
Past 5Y EPS Growth 15.80%
This Y EPS Growth (12.04%)
Next Y EPS Growth (9.42%)
Next 5Y EPS Growth (9.99%)
in millions of $

Dividends

Payout Ratio 0.84
Annual Dividend Rate 3.08
Annual Dividend Yield 10.34%
total individual payouts
2028 Powerpack
2027 Powerpack
2026 3.06
0.77
0.77
0.77
2025 3.08
0.77
0.77
0.77
0.77
2024 3.08
0.77
0.77
0.77
0.77
2023 2.94
0.70
0.70
0.77
0.77
2022 2.26
0.10
0.15
0.53
0.20
0.53
0.20
0.60
0.60
2021 0.53
0.53
predictions in italic, special payouts not included in total or ratios

Assets vs Liabilities

2023 2024 2025 Q'26
Cash 10,023 13,322 14,497 13,631
Receivables — — — —
Inventory — — — —
Other — — — —
10,023 13,322 14,497 13,631
2023 2024 2025 Q'26
Payables — — — —
ST’ Debt 4,912 7,056 8,080 7,536
Other 226 271 272 249
5,183 7,395 8,411 7,844
in millions of $

Compound Annual Growth

10y 5y 3y
Sales — 29.50% 18.61%
Cash Flow — 0.00% 0.00%
Earnings — 20.84% 11.68%
Book Value — 13.83% 14.51%

Revenue

Mar Jun Sep Dec Year
’26 325 320 — — —
’25 358 345 359 358 1,419
’24 304 327 343 353 1,327
’23 265 290 284 304 1,144
’22 186 187 227 251 850
’21 131 135 167 192 625
’20 — — — — 390
in millions of $ · fiscal quarters ending in the months shown

Operating Cash Flow

Mar Jun Sep Dec Year
’26 249 561 — — —
’25 425 (221) (433) (230) (459)
’24 (396) (709) (518) (904) (2,526)
’23 156 521 (90) (128) 459
’22 (19) 36 488 168 673
’21 (299) (1,216) (924) (1,389) (3,829)
’20 — — — 0 (2,320)
in millions of $ · fiscal quarters ending in the months shown

Free Cash Flow

Mar Jun Sep Dec Year
’26 249 561 — — —
’25 425 (221) (433) (230) (459)
’24 (396) (709) (518) (904) (2,526)
’23 156 521 (90) (128) 459
’22 (19) 36 488 168 673
’21 (299) (1,216) (924) (1,389) (3,829)
’20 — — — 0 (2,320)
in millions of $ · fiscal quarters ending in the months shown

EPS

Mar Jun Sep Dec Year
’26 0.11 0.04 — — —
’25 0.66 0.68 0.57 0.55 2.46
’24 0.96 1.01 0.75 0.75 3.45
’23 0.86 0.90 1.01 0.88 3.65
’22 0.63 0.47 0.58 0.76 2.44
’21 0.86 0.87 0.74 0.73 3.19
’20 — — — — 2.29
fiscal quarters ending in the months shown

Target Price Range

Analyst price targets

Recommendation Rating

2.3
1Buy 2 3Hold 4 5Sell
2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028
— — — — — 26.15 22.00 22.11 27.54 24.85

Analyst estimates 2026–2028

Powerpack
Low Price
— — — — — 38.32 33.00 29.11 33.48 34.64
High Price
— — — — — 433 518 — — —
Employees
— — — 0 0 1 2 0 0 0
Revenue/Emp
— — — 148 390 625 850 1,144 1,327 1,419
Revenue
— — — 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00%
Gross Margin
— — — 106 219 460 405 612 694 563
EBT
— — — 71.74% 56.11% 73.70% 47.58% 53.51% 52.31% 39.71%
EBT Margin
— 0 — 106 219 460 405 612 694 563
Net Income
— — — (35) (27) (157) 89 17 (13) 119
Depreciation
— — 0.00 4.37 4.09 4.32 5.12 6.82 6.59 6.19
Revenue/Sh
— — — 3.14 2.29 3.19 2.44 3.65 3.45 2.46
Earnings/Sh
— — 0.00 (75.56) (24.34) (26.49) 4.05 2.74 (12.55) (2.00)
Cash Flow/Sh
— — 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Capex/Sh
— — 0.00 (75.56) (24.34) (26.49) 4.05 2.74 (12.55) (2.00)
Free CF/Sh
— — 0.00 0.00 34.28 30.78 25.04 29.54 30.18 27.25
Book Value/Sh
— — 7 34 95 145 166 168 201 229
Shares
— — — 10.62 10.62 10.62 9.16 7.64 9.31 10.70
PE Ratio
— — — 0.00 0.00 9.03 4.37 4.09 4.90 4.25
PS Ratio
— — — 1.25 1.25 1.27 0.89 0.94 1.07 0.97
PB Ratio
— — — 0.00 0.00 1.89 (0.60) (0.38) 0.18 (0.27)
EV/Sales
— — — (0.32) (0.32) (0.31) (0.76) (0.96) (0.10) 0.83
EV/FCF
— — — (2,558) (2,320) (3,829) 673 459 (2,526) (459)
Op' Cash Flow
— — — — — — — — — —
Capex
— — — (2,558) (2,320) (3,829) 673 459 (2,526) (459)
FCF
— — — — 3,121 4,228 3,998 4,841 5,927 6,086
Working Cap'
— — — — 2,500 5,499 5,528 4,912 7,056 8,080
Total Debt
— — — — (3,304) (4,460) (4,221) (5,111) (6,266) (6,417)
Net Debt
— — — 0 3,268 4,447 4,159 4,952 6,077 6,245
Sh' Equity
— — — 0.00% 7.35% 5.71% 4.03% 6.11% 5.88% 4.01%
ROA
— — — 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
ROIC
— — — 0.00% 5.67% 11.94% 9.40% 13.43% 12.59% 9.15%
ROE
predictions in italic, sparklines do not include predictions

All 10 years →

Fiscal years to Dec 2025 · latest quarter Jun 2026

Blackstone Secured Lending Fund (BXSL) key facts

  • Blackstone Secured Lending Fund (BXSL) is an Asset Management company in the Financial sector, listed on the New York Stock Exchange.
  • Blackstone Secured Lending Fund’s revenue for fiscal 2025 (year ended December 2025) was $1.4 billion, up 6.94% from fiscal 2024.
  • Net income was $563.5 million, or $2.46 per share (basic), a net margin of 39.7%.
  • As of September 25, 2026, BXSL traded at $24.66, a market capitalization of $5.8 billion.
  • At that price the stock trades at 19.4× trailing-twelve-month earnings and 4.2× sales.
  • Blackstone Secured Lending Fund pays an annual dividend of $3.08 per share, a yield of 10.3%, with a payout ratio of 83.9%.
  • Return on equity was 9.15% and debt-to-equity 1.27.

Source: company filings (standardised) and stockrow calculations.

Blackstone Secured Lending Fund (BXSL) Latest News

News by impact score

Fine-tune

13 Aug

3

Blackstone Secured Lending Fund targets lending in high-risk sectors avoided by other investors, capitalizing on opportunities where competitors retreat. BXSL's niche lending strategy in avoided sectors can moderately boost returns and market positioning amid broader investor caution.

7 Aug

3

Blackstone Secured Lending Fund Q2 earnings call highlighted portfolio performance metrics, net investment income, dividend declarations, and credit quality updates. Q2 earnings results deliver updated performance metrics that can shift near-term investor sentiment and trading activity.

6 Aug

3

BXSL Q2 earnings compare key metrics against estimates, covering lending portfolio performance, net investment income and other financial indicators. Q2 earnings metrics versus estimates offer moderate insight into BXSL financial results and may affect short-term market sentiment.

3

Blackstone Secured Lending Fund reported its second-quarter 2026 financial results. Quarterly earnings release delivers updated performance data that can move near-term investor sentiment and trading without altering long-term strategy.

12 Jul

4

Fed rate cuts are squeezing earnings at Blackstone Secured Lending Fund and other BDCs, threatening dividend sustainability. Rate cuts directly reduce interest income on BXSL floating-rate loans, pressuring earnings and dividends.

5 Jun

3

Moody's issues negative outlooks on Blackstone and Golub traded BDCs including BXSL, citing sector pressures on credit quality and leverage. Negative Moody's outlook on BXSL introduces moderate risk to market sentiment and financing conditions.

9 May

3

Blackstone Secured Lending Fund (BXSL) Q1 earnings call highlights key financial results, portfolio performance, and management outlook. Q1 earnings highlights cover financial performance and operations with moderate influence on BXSL's trajectory and investor sentiment.

7 May

4

Blackstone Secured Lending Fund (BXSL) reported Q1 earnings that topped analyst estimates. Q1 earnings beat highlights strong financial performance, likely boosting stock price and investor sentiment.

4

Blackstone Secured Lending Fund (BXSL) reported first-quarter 2026 results, highlighting key financial metrics and performance indicators. Quarterly earnings reports like Q1 2026 results significantly impact BXSL's financial performance outlook and investor sentiment.

18 Mar

4

The watchlist of private credit loans exhibiting stress is expanding rapidly, heightening risks across the sector for funds like Blackstone Secured Lending Fund (BXSL) as deteriorating borrower conditions signal potential defaults and portfolio impairments. Rising stressed loans in private credit directly endanger BXSL's portfolio quality and yield generation.

14 Mar

3

Blackstone Secured Lending Fund (BXSL), a public BDC, experiences insider buying amid ongoing pressures in the private credit market. Insider buying signals confidence in BXSL despite private credit pressures, moderately boosting investor sentiment without fundamentally altering trajectory.

5 Mar

4

Blackstone Secured Lending Fund (BXSL) reports 2025 net investment income of $0.80 per share. Achieving $0.80 per share net investment income signals strong financial performance for BXSL, likely enhancing dividend sustainability and market valuation.

27 Feb

4

Blackstone Secured Lending Fund (BXSL) Q4 earnings call highlights strong portfolio performance, robust net investment income, dividend sustainability, and optimistic outlook amid favorable lending markets. Q4 earnings highlights detail financial results, portfolio growth, and forward guidance significantly shaping BXSL's valuation and investor confidence.

26 Feb

3

Blackstone Secured Lending Fund (BXSL) paid its steepest bond premium since 2021, signaling elevated borrowing costs amid tighter credit markets. Steepest bond premiums since 2021 indicate higher funding costs that could moderately pressure BXSL's net interest margins and performance.

25 Feb

4

Blackstone Secured Lending Fund (BXSL) Q4 2025 earnings call highlights strong returns amid market conditions. Strong Q4 returns demonstrate robust performance likely to enhance investor sentiment and future market trajectory.

4

Blackstone Secured Lending Fund (BXSL) reported Q4 earnings that beat analyst estimates. Q4 earnings beat signals strong financial performance, boosting investor sentiment and stock trajectory.

4 transcript

Blackstone Secured Lending Fund (BXSL) earnings call transcript details quarterly financial results, portfolio performance, dividend declarations, and management's outlook on lending market conditions. Earnings call transcripts disclose detailed financial metrics, investment portfolio health, and future guidance directly impacting stock price and investor confidence.

4

Blackstone Secured Lending Fund (BXSL) reported fourth quarter and full-year 2025 results, detailing financial performance, portfolio updates, and dividend declarations. Quarterly and annual earnings reports directly shape investor sentiment, stock pricing, and assessments of BXSL's lending portfolio health.

18 Feb

4

Blackstone Secured Lending Fund (BXSL) is expected to beat earnings estimates, prompting analysis on whether investors should buy the stock. Expected earnings beat represents a significant positive signal for financial performance and investor sentiment.

16 Feb

4

Blackstone Secured Lending Fund achieves deal 'escape velocity,' maintains discipline on leverage, and addresses AI risk. Deal acceleration to escape velocity combined with disciplined leverage and AI risk management signals significant positive trajectory shift for BXSL.

30 Jan

3

Blackstone Secured Lending Fund (BXSL) is scheduled to present at the Bank of America Securities Financial Services Conference in 2026. This event will provide an opportunity for BXSL to discuss its strategies and performance with investors and analysts. Participation in a major financial conference can influence investor sentiment and provide insights into the company's strategic direction.

3

Blackstone Secured Lending Fund (BXSL) has announced the release of its fourth quarter and full year 2025 earnings, along with details for an upcoming conference call. The earnings report is anticipated to provide insights into the fund's financial performance and strategic direction. The earnings release and conference call may influence investor sentiment and provide insights into financial performance, but the overall effect is expected to be somewhat limited.

29 Jan

3

A Florida financial consultant has purchased 211,000 new shares of Blackstone Secured Lending Fund (BXSL), raising questions about whether other investors should consider following suit. The move highlights growing interest in BXSL amid its performance and market positioning. The purchase of a significant number of shares indicates investor confidence, which may moderately influence market sentiment and BXSL's performance.

20 Nov

4

Market conditions have led Blue Owl to withdraw from a merger involving the Blackstone Secured Lending Fund (BXSL), causing significant uncertainty regarding BXSL's future performance and market position. The decision reflects broader economic challenges impacting investment strategies and fundraising efforts in the current climate. The withdrawal from the merger is likely to significantly impact BXSL's strategic direction and investor sentiment.

10 Nov

4 transcript

Blackstone Secured Lending Fund (BXSL) reported strong net investment income (NII) for Q3 2025, highlighting robust financial performance. The earnings call emphasized the fund's strategic positioning and resilience in the current market environment, with management expressing confidence in future growth prospects. BXSL's performance metrics indicate a solid foundation for continued success, attracting investor interest. Strong NII and strategic positioning suggest significant future impact on performance and investor sentiment.

4

Blackstone Secured Lending Fund (BXSL) reported its Q3 earnings, showcasing key financial metrics that reflect its performance. The fund's results indicate a strong position in the market, with notable growth in assets and income generation. Investors are keenly observing these developments as they could influence future strategies and market sentiment. The earnings report highlights significant financial growth and strategic positioning that could impact future performance and investor confidence.

4

Blackstone Secured Lending Fund (BXSL) reported better-than-expected earnings and revenue for Q3, surpassing analysts' estimates. The fund's strong performance is attributed to its strategic investments and effective management, which have positioned it favorably in the current market environment. BXSL's results reflect resilience amid economic challenges, boosting investor confidence and interest in the fund. Strong Q3 earnings and revenue performance indicate significant potential for future growth and investor sentiment.

4

Blackstone Secured Lending Fund (BXSL) reported its third quarter 2025 results, highlighting significant financial metrics and performance indicators. The fund demonstrated strong growth in net income and assets under management, driven by strategic investments and favorable market conditions. BXSL's management expressed optimism about future opportunities and continued commitment to delivering value to shareholders. The report also outlined key developments and initiatives undertaken during the quarter, reinforcing the fund's position in the secured lending market. The reported financial growth and strategic initiatives are likely to significantly impact BXSL's future performance and investor sentiment.

28 Oct

3

The options market is indicating a potential spike in the stock price of Blackstone Secured Lending Fund (BXSL), as evidenced by increased trading volume and open interest in call options. Analysts are observing a bullish sentiment among investors, suggesting expectations of positive performance in the near future. This trend may reflect confidence in BXSL's underlying assets and overall market conditions. Increased options activity suggests a moderately noticeable influence on market sentiment and potential stock performance.

21 Oct

3

Blackstone Secured Lending Fund (BXSL) has announced the release of its earnings for the third quarter of 2025, along with details for an upcoming conference call. The earnings report is expected to provide insights into the fund's financial performance and strategic direction. The earnings release and conference call may influence investor sentiment and provide insights into financial performance, but the overall effect is expected to be somewhat limited.

stockrow.com/BXSL · Data as of Jun 30, 2026 · For information only; not investment advice. · © 2026 stockrow.com