Carlyle Secured Lending, Inc. CGBD

11.25 0.10 0.90% as of 25 Sep
Market cap
$767.2M
P/E
22.1×

Insider Decisions

in millions of $
Nov 25 Feb 26 May 26 Aug 26
Buy — — — — — — — — — — — —
Sell — — — — — — — — — — — —
Insider Ownership 1.82%

Capital & Financial Ratios

Market Cap 767.17
Revenue 259.59
Net Income 37.01
Free Cash Flow 166.57
Net Debt 1,241.49
Current Ratio 0.79
Debt/Equity 1.20
P/E ratio 22.10
P/S ratio 3.01
P/B ratio 0.72
Past 5Y EPS Growth 6.45%
This Y EPS Growth (8.56%)
Next Y EPS Growth 2.02%
Next 5Y EPS Growth (3.76%)
in millions of $

Dividends

Payout Ratio 1.08
Annual Dividend Rate 1.76
Annual Dividend Yield 9.89%
total individual payouts
2028 Powerpack
2027 Powerpack
2026 1.46
0.40
0.35
0.35
2025 1.64
0.05
0.40
0.40
0.40
2024 1.42
0.48
0.47
0.47
0.05
2023 1.76
0.44
0.44
0.44
0.44
2022 0.74
0.40
0.08
0.34
0.08
2021 1.50
0.37
0.36
0.38
0.39
2020 1.47
0.37
0.37
0.37
0.36
2019 1.64
0.37
0.45
0.37
0.45
2018 1.11
0.37
0.37
0.37
0.57
2017 1.23
0.37
0.37
0.49
predictions in italic, special payouts not included in total or ratios

Assets vs Liabilities

2023 2024 2025 Q'26
Cash 60 57 76 49
Receivables — — — —
Inventory — — — —
Other — — — —
60 57 76 49
2023 2024 2025 Q'26
Payables 47 48 85 58
ST’ Debt — — — —
Other — — — —
50 53 90 62
in millions of $

Compound Annual Growth

10y 5y 3y
Sales 13.96% 7.01% 7.23%
Cash Flow 0.00% 0.00% 0.00%
Earnings 13.99% 72.30% (5.58%)
Book Value 7.40% 5.31% 8.36%

Revenue

Mar Jun Sep Dec Year
’26 64 62 — — —
’25 55 67 67 67 256
’24 62 58 56 56 233
’23 58 60 61 63 242
’22 48 45 59 56 207
’21 41 43 44 44 171
’20 51 45 43 44 182
in millions of $ · fiscal quarters ending in the months shown

Operating Cash Flow

Mar Jun Sep Dec Year
’26 212 74 — — —
’25 146 (231) 34 (153) (205)
’24 81 71 63 (111) 104
’23 26 92 57 56 231
’22 51 (89) 72 (20) 15
’21 32 (2) (49) 94 75
’20 (10) 162 (7) 160 305
in millions of $ · fiscal quarters ending in the months shown

Free Cash Flow

Mar Jun Sep Dec Year
’26 212 74 — — —
’25 146 (231) 34 (153) (205)
’24 81 71 63 (111) 104
’23 26 92 57 56 231
’22 51 (89) 72 (20) 15
’21 32 (2) (49) 94 75
’20 (10) 162 (7) 160 305
in millions of $ · fiscal quarters ending in the months shown

EPS

Mar Jun Sep Dec Year
’26 (0.06) 0.00 — — —
’25 0.25 0.20 0.33 0.24 1.01
’24 0.52 0.35 0.35 0.40 1.58
’23 0.50 0.08 0.54 0.57 1.75
’22 0.53 0.07 0.71 0.23 1.49
’21 0.60 0.72 0.80 0.58 2.69
’20 (2.12) 0.94 0.55 0.62 0.08
fiscal quarters ending in the months shown

Target Price Range

Analyst price targets

Recommendation Rating

2.5
1Buy 2 3Hold 4 5Sell
2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028
— 16.97 12.19 12.25 4.30 10.11 11.23 13.08 14.76 11.55

Analyst estimates 2026–2028

Powerpack
Low Price
— 20.30 20.08 15.56 14.37 14.40 15.40 15.89 18.74 18.64
High Price
— — — — — — — — — —
Employees
0 0 0 0 0 0 0 0 0 0
Revenue/Emp
111 165 208 221 182 171 207 242 233 256
Revenue
100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00%
Gross Margin
70 84 39 61 7 160 86 92 89 70
EBT
62.91% 51.03% 18.85% 27.71% 3.75% 93.64% 41.32% 38.19% 38.26% 27.38%
EBT Margin
70 84 39 61 7 160 86 92 89 70
Net Income
(18) (3) 70 8 22 (51) 27 (6) (15) (34)
Depreciation
3.07 3.11 3.32 3.68 3.23 3.16 3.98 4.75 4.58 3.77
Revenue/Sh
1.93 1.59 0.63 1.02 0.08 2.89 1.58 1.75 1.68 1.02
Earnings/Sh
(8.70) (7.28) 0.46 (1.53) 5.41 1.39 0.28 4.54 2.05 (3.02)
Cash Flow/Sh
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Capex/Sh
(8.70) (7.28) 0.46 (1.53) 5.41 1.39 0.28 4.54 2.05 (3.02)
Free CF/Sh
21.14 21.27 17.00 15.89 15.98 17.49 17.60 17.96 17.81 17.24
Book Value/Sh
36 53 63 60 56 54 52 51 51 68
Shares
7.53 11.70 19.68 13.12 93.27 4.72 9.28 8.51 10.67 12.25
PE Ratio
6.19 5.94 3.74 3.64 3.18 4.35 3.66 3.13 3.92 3.31
PS Ratio
0.99 0.87 0.73 0.84 0.68 0.83 0.88 0.88 1.07 0.72
PB Ratio
11.25 10.80 7.95 8.80 8.21 9.90 8.71 6.94 7.81 9.00
EV/Sales
(7.34) (4.62) 57.26 (21.18) 4.90 22.48 124.45 7.27 17.42 (11.25)
EV/FCF
(315) (386) 29 (92) 305 75 15 231 104 (205)
Op' Cash Flow
— — — — — — — — — —
Capex
(315) (386) 29 (92) 305 75 15 231 104 (205)
FCF
5 (28) 26 (16) 31 (989) (17) 11 4 (14)
Working Cap'
693 834 961 1,178 984 1,044 1,077 980 961 1,531
Total Debt
654 802 873 1,141 916 951 1,047 920 904 1,455
Net Debt
764 1,127 1,063 956 901 949 917 913 905 1,167
Sh' Equity
5.38% 4.80% 1.91% 2.87% 0.22% 7.93% 4.03% 4.46% 4.42% 2.93%
ROA
2.63% 2.99% 3.51% 3.22% 3.07% 2.88% 3.37% 3.83% 3.73% 2.45%
ROIC
10.45% 8.90% 3.57% 6.07% 0.50% 17.92% 9.30% 10.26% 9.95% 6.84%
ROE
predictions in italic, sparklines do not include predictions

All 10 years →

Fiscal years to Dec 2025 · latest quarter Jun 2026

Carlyle Secured Lending, Inc. (CGBD) key facts

  • Carlyle Secured Lending, Inc. (CGBD) is an Asset Management company in the Financial sector, listed on Nasdaq.
  • Carlyle Secured Lending, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $255.6 million, up 9.88% from fiscal 2024.
  • Net income was $70.0 million, or $1.02 per share (basic), a net margin of 27.1%.
  • As of September 25, 2026, CGBD traded at $11.25, a market capitalization of $767.2 million.
  • At that price the stock trades at 22.1× trailing-twelve-month earnings and 3.0× sales.
  • Carlyle Secured Lending, Inc. pays an annual dividend of $1.76 per share, a yield of 9.89%, with a payout ratio of 107.5%.
  • Return on equity was 6.84% and debt-to-equity 1.20.

Source: company filings (standardised) and stockrow calculations.

Carlyle Secured Lending, Inc. (CGBD) Latest News

News by impact score

Fine-tune

7 Aug

3

Carlyle Secured Lending Inc (CGBD) Q2 2026 earnings show net investment income covering the dividend with joint venture updates. Q2 earnings data on dividend coverage and joint ventures directly ties to financial performance and investor views.

3 transcript

Carlyle Secured Lending, Inc. (CGBD) held its Q2 earnings call covering net investment income, portfolio activity, credit quality metrics, dividend declarations, and forward outlook for the BDC. Q2 earnings release and call supply updated financial metrics and outlook that typically produce moderate, short-term effects on valuation and sentiment.

3 transcript

Carlyle Secured Lending, Inc. (CGBD) held its Q2 2026 earnings call covering quarterly financial results, portfolio performance, and management outlook. Quarterly earnings updates supply performance data that can shift near-term investor views but rarely reset long-term company direction.

6 Aug

3

Carlyle Secured Lending, Inc. (CGBD) Q2 earnings and revenues surpassed analyst estimates. Q2 earnings and revenue beats indicate stronger than expected quarterly financial results for Carlyle Secured Lending.

12 May

4

Carlyle Secured Lending Inc (CGBD) Q1 2026 earnings call highlights navigating market volatility with stable net investment income, portfolio growth, and maintained dividend. Q1 2026 earnings results and strategic updates directly influence financial trajectory and investor confidence.

11 May

4

Carlyle Secured Lending (CGBD) Q1 earnings call highlights covered financial results, portfolio performance, dividend declarations, and outlook amid stable market conditions. Q1 earnings highlights disclose key metrics like NAV, income, and guidance that significantly shape investor sentiment and stock trajectory for the BDC.

4 transcript

Carlyle Secured Lending, Inc. (CGBD) released its Q1 2026 earnings call transcript detailing quarterly financial results, portfolio updates, and management guidance. Q1 2026 earnings transcript discloses financial performance, dividend policy, and portfolio metrics that significantly influence investor sentiment and stock trajectory.

3

Carlyle Secured Lending, Inc. released Q1 2026 earnings call summary, detailing financial results, net investment income, NAV per share, dividend declarations, portfolio updates, and management outlook amid stable market conditions. Quarterly earnings call summary impacts financial performance and investor sentiment but remains routine without transformative shifts.

3

Carlyle Secured Lending, Inc. (CGBD) reported first-quarter earnings surpassing analyst estimates. Q1 earnings exceeding estimates positively influences financial performance and investor sentiment without fundamentally altering long-term trajectory.

3

Carlyle Secured Lending, Inc. (CGBD) announced financial results for the first quarter ended March 31, 2026, and declared a second quarter 2026 dividend of $0.35 per common share. Quarterly earnings results and dividend declaration affect financial performance and investor sentiment but remain routine operational updates.

25 Feb

4

Carlyle Secured Lending Inc (CGBD) reported record investment fundings in Q4 2025 earnings call, alongside strong portfolio growth, higher net investment income, and positive outlook for continued deployment. Record fundings and robust financial metrics signal major positive shifts in growth trajectory and investor confidence.

4

Carlyle Secured Lending, Inc. (CGBD) released Q4 2025 earnings call summary highlighting financial performance, portfolio updates, and outlook. Q4 2025 earnings summary details financial results and strategic insights significantly impacting CGBD's trajectory and investor sentiment.

3

Carlyle Secured Lending, Inc. (CGBD) released Q4 earnings call highlights covering financial results, portfolio updates, dividend declarations, and outlook amid market conditions. Q4 earnings highlights detail financial performance and guidance with moderate influence on investor sentiment and near-term trajectory.

3 transcript

Carlyle Secured Lending, Inc. (CGBD) held its earnings call, covering financial results, portfolio updates, and future outlook. Earnings calls disclose quarterly financials and guidance, moderately affecting investor sentiment and stock performance.

24 Feb

4

Carlyle Secured Lending, Inc. announced financial results for the fourth quarter and full year ended December 31, 2025, and declared a first quarter 2026 dividend of $0.40 per common share. Earnings results and dividend declaration provide critical insights into financial health and directly impact investor sentiment and stock valuation for CGBD.

3

Carlyle Secured Lending, Inc. (CGBD) Q4 earnings and revenues missed analyst estimates. Q4 earnings and revenue misses highlight financial underperformance likely to moderately impact investor sentiment and near-term stock performance.

17 Feb

3

Carlyle Secured Lending, Inc. (CGBD) Q4 earnings expected to decline, according to preview ahead of release. Expected Q4 earnings decline may moderately impact CGBD's financial performance and investor sentiment.

5 Nov

4

Carlyle Secured Lending, Inc. (CGBD) reported its Q3 2025 earnings, highlighting a resilient portfolio amid challenging market conditions. The company demonstrated strong financial performance, with stable income generation and effective risk management strategies. Key metrics showed positive trends, indicating the firm's ability to navigate economic uncertainties while maintaining investor confidence. Management emphasized ongoing efforts to optimize the portfolio and enhance returns for shareholders. The strong financial performance and effective risk management strategies are likely to significantly impact future growth and investor sentiment.

4 Nov

3

Carlyle Secured Lending, Inc. (CGBD) reported Q3 earnings and revenue that fell short of analysts' expectations, raising concerns about its financial performance. The company faced challenges in its lending operations, which may impact future growth and investor sentiment. Despite these setbacks, management remains optimistic about long-term strategies and market conditions. Earnings and revenue misses can moderately influence investor sentiment and financial performance.

3

Carlyle Secured Lending, Inc. (CGBD) reported its financial results for the third quarter ending September 30, 2025, highlighting key performance metrics. The company declared a fourth-quarter dividend of $0.40 per common share, reflecting its ongoing commitment to returning value to shareholders. The financial results and dividend declaration indicate stable performance, which may influence investor sentiment but are not expected to significantly alter the company's trajectory.

31 Oct

3

Carlyle Secured Lending, Inc. announced its intention to redeem all outstanding 8.20% notes due in 2028. This decision reflects the company's strategy to manage its debt obligations and optimize its capital structure. The redemption is expected to be completed on or around December 1, 2023, and will be funded through available cash resources. The redemption of the notes may affect the company's financial performance and capital management but is not expected to significantly alter its overall trajectory.

30 Oct

3

Carlyle Secured Lending, Inc. (CGBD) is anticipated to face challenges as BlackRock TCP (TCPC) is expected to report a decline in Q3 earnings. This decline may reflect broader market pressures affecting similar investment firms, potentially impacting investor sentiment and performance metrics for CGBD. The expected decline in earnings for a related firm may moderately influence market sentiment and performance for CGBD.

28 Oct

3

Analysts predict that Carlyle Secured Lending, Inc. (CGBD) will experience a decline in earnings in the upcoming report. Factors contributing to this forecast include market conditions and potential challenges in the lending environment. Investors are advised to monitor key indicators that may influence the company's financial performance. A decline in earnings could moderately affect investor sentiment and financial performance.

2 Oct

3

Carlyle Secured Lending, Inc. (CGBD) is highlighted among companies offering high dividend yields, which come with significant risks. Investors are cautioned about the potential volatility and challenges associated with such high returns, emphasizing the need for careful consideration before investing in these high-yield opportunities. High dividend yields often attract investor interest but also carry inherent risks that could moderately influence market sentiment and financial performance.

30 Sep

3

Carlyle Secured Lending, Inc. has announced the pricing of a public offering of $300 million in unsecured notes with a 5.750% interest rate, due in 2031. The offering aims to enhance the company's financial flexibility and support its investment strategy. Proceeds from the notes will be used for general corporate purposes, including potential investments in portfolio companies. The issuance of unsecured notes is expected to moderately influence the company's financial performance and investment capabilities.

5 Aug

3

Carlyle Secured Lending, Inc. (CGBD) reported its Q2 earnings, matching analysts' estimates. The company continues to maintain a stable financial performance, reflecting its ongoing strategy in secured lending. Investors are closely monitoring its performance metrics and market positioning as it navigates the current economic landscape. Earnings matching estimates indicates stable performance but does not suggest significant changes in trajectory.

3

Carlyle Secured Lending, Inc. reported its financial results for the second quarter ending June 30, 2025, highlighting key performance metrics. The company declared a third-quarter dividend of $0.40 per common share, reflecting its ongoing commitment to returning value to shareholders. Financial results indicate stability and potential growth, positioning the company favorably in the market. The declared dividend and financial results suggest moderate influence on investor sentiment and financial performance.

29 Jul

4

Carlyle Secured Lending, Inc. (CGBD) is anticipated to exceed earnings estimates, driven by strong portfolio performance and favorable market conditions. Analysts are optimistic about the company's ability to generate consistent returns, which could lead to a positive stock movement. Investors are closely monitoring upcoming earnings reports for further insights into the company's financial health and growth potential. Exceeding earnings estimates is likely to significantly influence investor sentiment and stock performance.

8 May

3 transcript

Carlyle Secured Lending, Inc. (CGBD) reported its Q1 2025 earnings, highlighting strategic initiatives aimed at navigating growth amidst challenging market conditions. The company emphasized its focus on maintaining a strong portfolio and enhancing operational efficiencies. Key financial metrics showed resilience, with management expressing optimism about future performance despite potential headwinds. The earnings call also addressed market trends and competitive positioning, underscoring the importance of adaptability in the current economic landscape. Moderate influence on financial performance and competitive positioning is expected due to strategic initiatives and market conditions.

6 May

3

Carlyle Secured Lending, Inc. (CGBD) reported its financial results for the first quarter ending March 31, 2025, highlighting key performance metrics. The company declared a second quarter 2025 dividend of $0.40 per common share, reflecting its ongoing commitment to returning value to shareholders. The financial results indicate a stable performance amidst market conditions. The declared dividend and financial results suggest a stable performance, which may moderately influence investor sentiment and market positioning.

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