Blackstone Secured Lending Fund
BXSL Financial Asset Management
Blackstone Secured Lending Fund’s revenue for fiscal 2025 (year ended December 2025) was $1.4 billion, up 6.94% from fiscal 2024.
- Revenue
- −12.1%
- EPS
- −12.3%
- Free cash flow
- +210.8%
- Total debt
- −8.11%
Quarter to September 2026, against a year earlier
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Blackstone Secured Lending Fund (BXSL) P/B ratio
As of 5 November 2026, Blackstone Secured Lending Fund (BXSL) trades at a P/B ratio of 1.0×. Over the past ten years it has ranged from 0.9× (July 2022) to 1.7× (December 2021); the current reading is higher than 27% of that period. That is above the Asset Management industry median of 0.9× and below the Financial sector median of 1.3×.
P/B ratio, daily
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Annual newest first
| Period | P/B ratio | Change |
|---|---|---|
| FY2025 | 1.0× | (9.76%) |
| FY2024 | 1.1× | 13.51% |
| FY2023 | 0.9× | 5.69% |
| FY2022 | 0.9× | (29.64%) |
| FY2021 | 1.3× | 1.41% |
| FY2020 | 1.3× | 0.00% |
| FY2019 | 1.3× | — |
Quarterly newest first
| Period | P/B ratio | Change |
|---|---|---|
| Sep 2026 | 0.9× | 2.23% |
| Jun 2026 | 0.9× | 2.96% |
| Mar 2026 | 0.9× | (6.67%) |
| Dec 2025 | 1.0× | 0.82% |
| 19 more quarters | Free account |
Against its own ten years
P/B ratio against peers
| Company | P/B ratio |
|---|---|
| OTF Blue Owl Technology Finance Corp. compare | 0.6× |
| OBDC Blue Owl Capital Corporation compare | 0.8× |
| BXSL Blackstone Secured Lending Fund | 1.0× |
| MAIN Main Street Capital Corporation compare | 1.7× |
| HASI HA Sustainable Infrastructure Capital, Inc. compare | 1.9× |
| HLNE Hamilton Lane Inc. compare | 1.9× |
| VCTR Victory Capital Holdings, Inc. compare | 2.9× |
| FHI Federated Hermes, Inc. compare | 3.5× |
| STEP StepStone Group Inc. compare | 3.6× |
| Asset Management industry median | 0.9× |
| Financial sector median | 1.3× |
| Market median | 1.7× |
What P/B ratio is
Price to Book Value tells an investor how much the market pays for a company’s shares relative to the accounting net worth that belongs to common shareholders.
Stock Price ÷ (Common Equity (Total) (latest quarter) ÷ Shares (Basic, Weighted) (latest quarter))
More on BXSL
- Revenue
- Net income
- EPS (diluted)
- EBITDA
- Free cash flow
- Operating cash flow
- Gross margin
- Operating margin
- Net margin
- Free cash flow margin
- P/E ratio
- P/S ratio
- Price to free cash flow
- Return on equity
- Return on assets
- Return on invested capital
- Debt to equity
- Current ratio
- Total debt
- Shares outstanding
- Book value per share
- Revenue growth
- Piotroski F-score
- The full statement