Saturday 17 October 2026 Export CGBD’s income statement to Excel — free account

Carlyle Secured Lending, Inc.

Carlyle Secured Lending, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $255.6 million, up 9.88% from fiscal 2024. In the quarter to June 2026, revenue fell 7.72%, EPS fell 100.5%, free cash flow grew 131.9% and total debt fell 1.46%, each against the same quarter a year earlier.

10.39 0.27 −2.53%

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Market cap: $733.5M
P/E: 20.4×
Fwd P/E: 11.1×
Dividend yield: 14.4%
F-score: 1/9
Altman Z: n/a
Beneish M: n/a
Dividend safety: n/a

Overview Business Profile Financial Analysis Income Statement Balance Sheet Cash Flow Metrics & Ratios 10-Q 10-K

Insider Decisions trades per month

	Dec 25			Mar 26			Jun 26			Sep 26
Buy	—	—	—	—	—	—	—	—	—	—	—	—
Sell	—	—	—	—	—	—	—	—	—	—	—	—

Insider Ownership 1.82%

Capital & Financial Ratios $m

Market Cap 733.46

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 20.41

Fwd P/E 11.10

P/S ratio 2.78

P/B ratio 0.67

Past 5Y EPS Growth 66.05%

This Y EPS Growth (8.52%)

Next Y EPS Growth 1.95%

Next Y revenue growth (1.08%)

Next 5Y EPS Growth (3.76%)

Green and red mark values outside typical ranges. How we judge →

Valuation vs history

P/E against its own 10 years 88.55%

10-year low 10-year high

P/S against its own 10 years 7.79%

10-year low 10-year high

P/B against its own 10 years 11.20%

10-year low 10-year high

Dividends

Payout Ratio 2.95

Annual Dividend Rate 1.50

Annual Dividend Yield 14.44%

	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 special payouts not included in total or ratios

Assets vs Liabilities $m

	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

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 $m

	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

Fiscal quarters ending in the months shown.

Operating Cash Flow $m

	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

Fiscal quarters ending in the months shown.

Free Cash Flow $m

	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

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.

Group	Line	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025	2026e
Price, $
Price, $	Low	—	16.97	12.19	12.25	4.30	10.11	11.23	13.08	14.76	11.55	Analyst estimates 2026–2028 Powerpack
	High	—	20.30	20.08	15.56	14.37	14.40	15.40	15.89	18.74	18.64
People
People	Employees	—	—	—	—	—	—	—	—	—	—
	Revenue/emp, $m	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Income, $m
Income, $m	Revenue	111	165	208	221	182	171	207	242	233	256
	Gross margin, %	100.00	100.00	100.00	100.00	100.00	100.00	100.00	100.00	100.00	100.00
	EBT	70	84	39	61	7	160	86	92	89	70
	EBT margin, %	62.91	51.03	18.85	27.71	3.75	93.64	41.32	38.19	38.26	27.38
	Net income	70	84	39	61	7	160	86	92	89	70
	Depreciation	(18)	(3)	70	8	22	(51)	27	(6)	(15)	(34)
Per share, $
Per share, $	Revenue	3.07	3.11	3.32	3.68	3.23	3.16	3.98	4.75	4.58	3.77
	Earnings	1.93	1.59	0.63	1.02	0.08	2.89	1.58	1.75	1.68	1.02
	Cash flow	(8.70)	(7.28)	0.46	(1.53)	5.41	1.39	0.28	4.54	2.05	(3.02)
	Capex	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
	Free cash flow	(8.70)	(7.28)	0.46	(1.53)	5.41	1.39	0.28	4.54	2.05	(3.02)
	Book value	21.14	21.27	17.00	15.89	15.98	17.49	17.60	17.96	17.81	17.24
	Shares, m	36	53	63	60	56	54	52	51	51	68
Valuation, ×
Valuation, ×	P/E	7.53	11.70	19.68	13.12	93.27	4.72	9.28	8.51	10.67	12.25
	P/S	6.19	5.94	3.74	3.64	3.18	4.35	3.66	3.13	3.92	3.31
	P/B	0.99	0.87	0.73	0.84	0.68	0.83	0.88	0.88	1.07	0.72
	EV/Sales	11.25	10.80	7.95	8.80	8.21	9.90	8.71	6.94	7.81	9.00
	EV/FCF	(7.34)	(4.62)	57.26	(21.18)	4.90	22.48	124.45	7.27	17.42	(11.25)
Cash, $m
Cash, $m	Operating cash flow	(315)	(386)	29	(92)	305	75	15	231	104	(205)
	Capex	—	—	—	—	—	—	—	—	—	—
	Free cash flow	(315)	(386)	29	(92)	305	75	15	231	104	(205)
Balance, $m
Balance, $m	Working capital	5	(28)	26	(16)	31	(989)	(17)	11	4	(14)
	Total debt	693	834	961	1,178	984	1,044	1,077	980	961	1,531
	Net debt	654	802	873	1,141	916	951	1,047	920	904	1,455
	Shareholders’ equity	764	1,127	1,063	956	901	949	917	913	905	1,167
Returns, %
Returns, %	ROA	5.38	4.80	1.91	2.87	0.22	7.93	4.03	4.46	4.42	2.93
	ROIC	2.63	2.99	3.51	3.22	3.07	2.88	3.37	3.83	3.73	2.45
	ROE	10.45	8.90	3.57	6.07	0.50	17.92	9.30	10.26	9.95	6.84

Negative figures in brackets.

All 10 years →

Fiscal years to Dec 2025 · latest quarter Jun 2026

Charts ten years each

Company	Market cap	P/E	Fwd P/E	Revenue growth (Q)	EPS growth (Q)	FCF growth (Q)	Gross margin (Q)	EBIT margin (Q)	Compare
VRTS Virtus Investment Partners, Inc.	$813.9M	6.8×	— (loss-making)	−4.35% (below 0%: shrinking)	+9.87% (above 0%: growing)	−24.42% (below 0%: shrinking)	100.00%	13.57%	Compare
FDUS Fidus Investment Corporation	$773.1M	9.1×	9.1×	+8.84% (above 0%: growing)	−26.39% (below 0%: shrinking)	−204.97% (below 0%: shrinking)	100.00%	68.28%	Compare
CGBD Carlyle Secured Lending, Inc.	$733.5M	20.4×	11.1×	−7.72% (below 0%: shrinking)	n/m	+131.88% (above 0%: growing)	100.00%	74.03%
BUR Burford Capital Limited	$722.5M	— (loss-making)	— (loss-making)	−42.14% (below 0%: shrinking)	−97.50% (below 0%: shrinking)	+161.57% (above 0%: growing)	100.00%	57.14%	Compare
VINP Vinci Compass Investments Ltd.	$717.4M	15.2×	8.7×	+30.12% (above 0%: growing)	−26.32% (below 0%: shrinking)	+17.98% (above 0%: growing)	100.00%	27.59%	Compare
MFIC MidCap Financial Investment Corporation	$700.2M	— (loss-making)	14.7×	−16.03% (below 0%: shrinking)	n/m	+307.98% (above 0%: growing)	100.00%	87.62%	Compare
BCSF Bain Capital Specialty Finance, Inc.	$689.6M	10.4×	9.7×	−12.14% (below 0%: shrinking)	−40.54% (below 0%: shrinking)	+10,857.59% (above 0%: growing)	100.00%	80.20%	Compare
PFLT PennantPark Floating Rate Capital Ltd.	$660.1M	12.8×	10.2×	+4.07% (above 0%: growing)	−57.89% (below 0%: shrinking)	+392.80% (above 0%: growing)	100.00%	77.14%	Compare
NMFC New Mountain Finance Corporation	$651.3M	— (loss-making)	29.5×	−4.25% (below 0%: shrinking)	+157.14% (above 0%: growing)	−39.48% (below 0%: shrinking)	100.00%	0.00%	Compare
Median of peers	$708.8M	10.4×	10.0×	−4.30%	−26.39%	+89.77%	100.00%	62.71%

All 120 Asset Management stocks →

Carlyle Secured Lending, Inc. (CGBD) key facts

Strength: Carlyle Secured Lending, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $255.6 million, up 9.88% from fiscal 2024.
Carlyle Secured Lending, Inc. (CGBD) is an Asset Management company in the Financial sector, listed on Nasdaq.
As of October 16, 2026, CGBD traded at $10.39, a market capitalization of $733.5 million.
Carlyle Secured Lending, Inc. pays an annual dividend of $1.50 per share, a yield of 14.4%.
Return on equity was 6.84% and debt-to-equity 1.20.
Its Piotroski F-score is 1 out of 9 for fiscal 2025.