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. In the quarter to June 2026, revenue fell 7.06%, EPS fell 94.1%, free cash flow grew 353.8% and total debt rose 6.28%, each against the same quarter a year earlier. Dividend growth for three consecutive years, revenue growth for five.
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Blackstone Secured Lending Fund (BXSL) P/E ratio
As of 16 October 2026, Blackstone Secured Lending Fund (BXSL) trades at a P/E ratio of 18.8×. Over the past ten years it has ranged from 7.4× (October 2023) to 19.9× (September 2026); the current reading is higher than 96% of that period. That is above the Asset Management industry median of 14.0× and above the Financial sector median of 12.4×.
P/E ratio, daily
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Annual newest first
| Period | P/E ratio | Change |
|---|---|---|
| FY2025 | 10.7× | 14.95% |
| FY2024 | 9.3× | 21.94% |
| FY2023 | 7.6× | (16.64%) |
| FY2022 | 9.2× | (13.73%) |
| FY2021 | 10.6× | 0.00% |
| FY2020 | 10.6× | 0.00% |
| FY2019 | 10.6× | — |
Quarterly newest first
| Period | P/E ratio | Change |
|---|---|---|
| Jun 2026 | 18.7× | 50.52% |
| Mar 2026 | 12.4× | 15.88% |
| Dec 2025 | 10.7× | 9.21% |
| Sep 2025 | 9.8× | (9.48%) |
| 18 more quarters | Free account |
Against its own ten years
P/E ratio against peers
| Company | P/E ratio |
|---|---|
| STEP StepStone Group Inc. compare | n/m |
| MAAS Maase Inc. - Sponsored ADR compare | n/m |
| MAIN Main Street Capital Corporation compare | 10.8× |
| OTF Blue Owl Technology Finance Corp. compare | 11.4× |
| HLNE Hamilton Lane Inc. compare | 12.3× |
| OBDC Blue Owl Capital Corporation compare | 18.1× |
| BXSL Blackstone Secured Lending Fund | 18.8× |
| VCTR Victory Capital Holdings, Inc. compare | 19.8× |
| HASI HA Sustainable Infrastructure Capital, Inc. compare | 55.2× |
| Asset Management industry median | 14.0× |
| Financial sector median | 12.4× |
| Market median | 18.1× |
What P/E ratio is
Price to Earnings Ratio shows how much investors pay for each dollar of a company’s annual profit per share.
Stock Price ÷ EPS (Basic) (TTM)